Search results

"Agreed. It's good to see you're doing so well. It's just a double down style with bottom picking (if that's what you're doing, too lazy to look at your trades) has a characteristic of making larger than normal profits at times while being very susceptible to that one big event, black swan or...

"Anyways, to make a long story short, he lost 300K that day and that was it for him. He'd been wiped out. 300k of his own fucking money!!" He must have been overleveraged. How can one lose so much? What was his leverage? Was it more than 10 to 1? Ameritrade only gives me 4 to 1 daytrading...

Zenith, I think there is a list somewhere on the web w/ most heavily shorted stocks. NTRI is one of them but you have to be very careful w/ that stock. Also, TZOO, MSO, HANS, OSTK, etc. but those stocks are hard to borow. I was never able to short those stock w/ Ameritrade. Now, I can't...

"How do you choose your stocks cheetohs? Do you have a standardized watch list, or do you focus update that every day to include stocks in the news." I have about 50 stocks that I follow on my streamer. All very active to fairly active stocks w/ big short interest. Lot of common name stocks...

"Do you set mental or actual stops?" Yeah, mental stops. Never used the actual stop although that that is recommanded by everyone. But because I move in and out quick, putting real stop means I have to cancel that stop before I can sell which is too cumbersome. But I should have some wider...

"Can I ask what you are doing for risk management? It looks like your sinking alot of your account into every trade- not necessarily a bad thing barring a 'black swan'. Can I ask your present acct size, and what kind of margin you have been using?" Tom, I started with 28K exactly 6weeks...

Just got out VLO trades. First batch was not a good buy but the second batch helped me stay in. Of course, as soon as I sell it runs now 63.7. Unbelievable! Well, at least made something. Filled Sell 1000 VLO Market 63.5601 -- -- 12:27:56 05/04/06 Filled Sell...

I am looking at VLO now but I already missed my first opp around 12:09 setting up the charts and indicators. Now, I am not sure. It looks like it can breakdown more. Too risky. I really wish I had a real time chsrt of crude oil price. Anyone know where one can get one for a decent price?

"You have time to post all your comments on ET this morning, why not post at least 1 or 2 real time trades? It only takes a sec..." Those are after my trades. Look at my itwo trade. I was in and out of that trade in less than a minute. When am I suppoed to post and watch the stock? This...

"Why don't you post yor trades in real time? " Real time? How am I supposed to trade? All my concentration is on level 2, last sale, chart, etc. Anyway, I took a walk after my WFMI trades. I had to cool the rush a bit and not blow what I made this morning. Came back but fell little too...

"I look at a 1 min chart of ITWO and all I have to say is wow. Stock is chopping 20 cents with lighting speed and some kid with an Ameritrade account is able to catch 50 cent trades on it with perfect execution. LOL best of all, he is playing bottom picking on a big news gap down like a complete...

"You could be onto something but you should get your law degree because you can." Unfornately, I went to 2nd tier law school and I was far from being top of the class. The best job I could probably find was either working for a small firm and maybe getting $50k per year w/ all the stress or...

"Last I checked, Ameritrade lowered their round trips to $9.99. The only other discount you can get is through their non-brokerage based service which I believe is 5 bucks. So where does the $7 come from?" If you trades tons of shares, you can negotiate w/ them. I first got it to $8 and when...

Up already over $2500 as of now. I hope I can keep this up and now blow it again. Bought ITWO to go up twice this morning. Up over $500 new first 5 minutes. Bought 120 puts on WFMI and sold and later again 100 puts and sold. Its all about timing. Only go in when everything look perfect...

"on da other hand vlo is as killer'n' prolly easier to trade when oil is up 3% or after report'n'even there u need some experience to make good money...dunno what to believe." That is why you only short the top and when all the parameters meet. Then you will have 5 minutes window before it...

"I can tell they're judgment mistakes though because you said two or three times that sometimes you just hate selling a loser. As every trader knows, those losers will come full force if there's any unpatchable chink in your armor, without a doubt. After a nice winning streak they will pile onto...

"I think Ameritrade, just like the other brokers caps the $8 commish after 2k shares. It's premium commissions any way you put it. You see him post that he does partials to work the positions, 500 shares at $8 is 1.6 cents a share. With 1500 block, it's .53 cents a share, still a high commission...

"What also stood out to me is that you took a $900 hit one day and an $1100 hit another. I know people who make your numbers a day, but what distinguishes them is that they barely ever take hits that large. However, you could be fine taking hits that large as long as they are a part of your...

"And you almost always catch the perfect tops and bottom. Jesus christ, you're like some kind of superior human being. Whats funny is what is said in Reminiscinces of a Stock Operator about catching tops and bottoms. You should read it. Oh yeah and I just realized that you pay $8 dollar...

"I think that fading is the best way to make consistant profits with a nicely shaped equity curve. It is also good for your mental health because you have a lot of winners and few losers. The thing that you have to keep in mind is that no matter what you trade it will break out at some point...