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What I want to know is ,when is someone going to come out with a product like their's that has less problems. I would love to switch my traders, but for tape reading NYSE traders AT just has the best package. Unfortunately, AT doesn't seem to care about the traders to improve the product so it...

You are 100%. The only way to find out which style is for you is to try all of them. Then you can finds ways to combine some parts to design a trading system that you are comfortable with. By trying all of them, I don't mean sit around for several years and lose money. You may have to get...

If you work for any firm that engages in any type of service (i.e. trading, research, mutual fund, investment banking, etc...) you would be considered a professional. But who wants to be a professional, it only means your fee's are higher, I know. You're right though, you don't want to get...

I rarely here anyone trying to pick the bottom anymore. In fact, the only opinions out there is that we're going lower. Before, we heard DOW 36,000, now it's DOW 5,000. The pessimism, and lack of bullish commentary, is usually a good signal that we could be getting close to a bottom. The...

Most traders won't reveal their secrets unless their is something in it for them. The best and fastest way for him to learn what works or doesn't work, is to get into a firm who will teach him. A firm that has other traders that trade other styles so the newbie trader could get a feel where...

Absolutely right, you don't know how many traders I have seen fail, just because they refused to believe that trading could be simplified. They all thought they had to come up with some formula, or band, or whatever else they were spewing. In the meantime they were wasting valuable time from...

I didn't say no one succeeded, just that it is rare to find someone.

Very true!!! And will get you making money faster, then trying to go at it alone.

Yep, that's the book. It sucks, but worth the read. Don't buy it, borrow it. I don't think I've met one person who's tried to learn day trading through a retail account that's succeeded, excpet for the go-go days, but by now, they've lost it all. Not that there aren't, but it's hard to...

If you hook up with the right firm they are definately helpful in getting you on your way to becoming profitable. Choose the wrong one, and you'll be out of business in no time, just due to your own frustration. There are a few firms out there that really due focus on training and those are...

Caliber is more then happy to show you their P&L's, let you talk to the traders in their group and around them from another firm. IFyou're not happy with the training after a week, they will cut you a check for your upfront capital with no problems. The first week is spent on intensive...

In my opinion, those stocks are very difficult to trade for a beginner. They are extremely thick, and very hard to get a read on. A beginner should not focus on those stocks, especially if you're learning to tape read. The action is so fast, and the prints are so large, that you're only able...

The only place you're gonna learn about tape reading is at a professional firm. There are no books on it, and I've looked. The closest I came was a book on scalping.

As choppy as this day was, the afternoon provided us with some great moves. You just had to make sure you didn't get shaken out.

Realistically you're looking at having to be able to substain yourself for about 1 year with no income. There are almost no new traders out there that really start making money these days before that. Find a firm that will teach you everything, from research to actual trading. Don't pay for...

The only problem with experiencing for yourself is your learning curve tend to be 2 to 3 times longer. In this market this translates to almost 1 1/2 to 2 years. That's too long for most traders. Trust me when I say a mentor is the best way to go. But the mentor needs to know and be able to...

Nothing like a good bunch of trader friends to kick back with, and bitch too. Makes you feel, and will help you learn.

If you're gonna trade overnight, and your intention isn't to trade the stock in the after hours, then ignore movement, and don't put any stops or they can trigger you falsely. But don't ingore bad news, cause sometimes after hours will allow you to get at a much better price then you could...

The problem became, that you would do a few of those trades a day and potentially lose money. So when time came for the firm to settle up, you didn't have enough money in the account to settle the last 10K trade. Since it wasn't a margin account, they now had a trader who was technically...

I agree, start small, and build up. The quickest way to the poor house is to have too high of an expectation. Remember it's the law of averages that keeps you in the game. Let's say you want to make 500 a day, you can make 1000 one day, lose 300 another, and make800 the next day, and there's...