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Also, first story off today's WSJ was regarding the Airlines. Check how much you would have made shorting first print on AMR, DAL, and BA.

It seems like there is alot of money to be made just trading off the front page headlines. Front page today talked about weakness at investment banks, LEH layoffs expected, ect. ect. Also big story on improper ipo grants. Selling the brokers off the open was probably the easiest and...

Once again i bought all the oils in the morning as they were acting well. Then when they broke out i added. I really thought the rally would stick this time. They were showing alot of momentum. I was suprised that they lost the entire rally (the ones i bought anyway). When the EP news...

If you want to daytrade the s&p, is there any advantage to trading the futures versus trading SPY. Assume i don't care about leverage as i work as prop trader. My maximum trade will be about 10k shares worth of SPY. (a little shy of $1 million). Would i be at a disadvantage trading SPY...

It seems that i go into mental overload with that many positions. Conentrating in on a few sectors helps and when futures are trending it is easier. But when futures are not trending well and i feal like have either too many shorts or longs and no clue which way the mkt wants to go it can...

You are right i think. The price of the commodity is taking a distant backseat to the weak economy and the unwillingness of the big oil companies to not make any overly aggressive exploration plans in this uncertain time.

I just did a search of your previous posts. All of them was bashing of other members. You sound like a very Angry person. What is wrong?

If the tape looks like crap it doesn't matter if the price of crude is $1000/barrel, you won't make money going long. Good advice to not try to rationalize. Don't make big bets based on rationalization without tape confirmation. Perhaps take a small position based on rationalization, then...

These stocks have been very tough to trade from long side for weeks. Countless days i've been tricked to buying in because of the price of crude oil or natural gas going up. These stocks don't care. It used to be i could count on these stocks to go up when the commodity was strong. But the...

There is benefit from helping others. You learn by teaching. Helps you figure out what you are doing right. Trying to put your strategy into words often brings about new revelations. The problem is that trading strategies are very complicated and can't really be summarized in a few posts...

If a long starts going against you, you have to determine the reason. If it is because futures have pulled back, you have to use your futures trading skills and decide if they are likely to continue there down trend. If that seems like the only reason the stock went down, then maybe you still...

The basic underpinnings of my strategy is that stocks trend during the day. Stocks going up tend to keep going up, and vice versa. The trick is to get in early with small shares. Then add to the position as it goes in your favor. Then after you have a large position you monitor for signs...

The way to make money is to accept the reality that people want to buy and not sell stocks that are going up, and sell and not buy stocks that are going down. Add to winners. Do not buy more of losers. I have made so much money this year based on this. It is hard to lose big if you...

No quick way. Thumb through a couple hundred charts and you should be able to find some good ones. Look for ones that didn't want to go down the previous day. You want there to have been some "real" buying the day before. You want there to be shorts in weak hands. Putting this strategy...

I have found that this strategy often is very reliable. Whenever futures indicate a big down open, like yesterday, identify stocks that were paticularly strong the previous day. Often these stocks will gap down with the market open and then quickly resume the previous days trend. At least for...

Hard to apply to daytrading. But some of it applies.

If you had applied what is said in his book to how the market acted during the bull market and then the crash you would have cleaned up. You would not have bottomed fished the nasdaq from 4000 to 2000. It is classic TA in a nut shell. If i had done what he had preached in 2000 and 2001 i...

You are right .25% is too much for day trading. But if you are doing swing trading and options strategies it is ok. I'm up 100% in 2 months with him so i'm not too concerned about commissions.

Doesn't matter if you only pay $12 trade if you are losing your ass. I will gladly pay more for good service. Help with margin calls ect. I was in a margin call for a month with this guy and he helped me save my account once.

I'm talking NYSE. So far september has been a big dissapointment. The volatility has been pretty good, but the low volume has made it hard to capitalize on some of the moves. Hopefully with September 11th behind us it will get better. It is much easier to make money when you see 20k...