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I had 400sh of a stock on Tuesday. My sell limit order didn't trigger (and it should have) so after a minute I cancelled it and got out quickly with a market order. Fortunately, while I was nervously waiting for my darn limit order to trigger the price went up and I ended up making an additional...

Phoenix I guess we all have to decide who to listen to. I'm sure your opinions will also get due consideration. I think you should invest in this SL4 program. It sounds like just the thing for you. :p

Duff, I haven't gotten involved with the Q's yet but thanks for the advice. Appreciate it. Agree about the trendlines, I've found them useful sometimes (often actually) in determining when a trend is reversing or starting a short term retrace. White, I agree with you about simple systems...

Specialists do move the market. The specialist is paid for each 100sh they move. If they can move the price into an area of with a high density of stop orders the orders will trigger and they make money. The specialist is one of the few who know exactly where those stop orders lie. Usually it is...

SL4 Just think, with this software trading will be so easy anybody can do it. And only $179/mo and they pay you 1% annual interest on your minimum $25,000 account balance. And their system tells you what to do. No more hard work. Like the saying goes "It's so easy!". Oh, this is just my...

DeKamp, I have the same idea as you about traders trading in different time frames, for different reasons, and different sizes but something I don't understand is why the market gaps. Thursday morning the NAS gapped down 30 points. Several of the stocks I follow also gapped down. That means...

Nic, Wrote "somehow it snoballed.." Reminds me of the adulterous woman who says "It just happened". A poor excuse. Good you admitted it though. Now KNOCK IT OFF! (Step #2)

Here's one that seems to work but I haven't tested it much. If the True Range on Wednesday is $1.00 and it opens Thursday at, say $18.00, then buy it if the price climbs above $18.40. In other words, buy if the price climbs 40% of the previous days True Range above the open. If it does work...

Thank you Murray T. Neston. And always remember the eternal request "Give me more knowledge, for I do not know" :p

Dottom posted "signal to noise ratio increases with time" I agree. There really is just too much spam lately. A lot of "have you tried GeeWhiz.Com" stuff and commercial solicitations from people with trading businesses coming on and "sharing what they know" because they are "experts" and want...

I've always bought Gateway with AMD. Excellent machines, but now they have gone to bed with Intel and don't offer AMD processors so I'm going to build my own next time. 1700+ AMD, 512megRAM, 64mbGeforce Vid, 32x CDRom, 19" monitor, 10/100network card, 56k mod, 20mb hard, 250zip, Windows ME or...

"If you are not the Todd B. that I thought I appologize....... just the way you spew out STENDAHL outlier terminology and Larry Stein from ALARON phrases from THE R&W technical services days makes me think that way......" . The above is an example of GobbledyGook at its finest. This guy...

You need to decide on the stoploss based on the trade. Using the same 20c each time is not good. For instance, if your getting into a trade and you see that so far today it has moved up $3.00 with five 35c retracements on the way up it would be foolish to set your stoploss at 20c. You'd want to...

A few weeks before the bull market ended many tech stocks were upsomething like 300% in one year. I had the wild idea to invest everything I had in 10 stocks, go for it so to speak. If things went my way I figured after a year I would be set for life. After kicking it around for about 5 minutes...

Maybe there could be a special catgory for trading rooms, stock picking services, chatrooms, etc. All the following are on trading page 1 tradingmarkets.com? chartpattern.com QQQ Daytrading Website floatanalysis.com Chat Room Reviews Swingtrading...

"Within three months he'd blown up his entire account." This is a great country. To be free to fail also means to be free to succeed. Maybe he'll sit like a madman in front of a little terminal in the trailer in the woods for two years and then make a comeback. Where there's a will there's a...

Good luck too you. Probably a wise decision to keep at your job. I went through the exact same emotional grinder for many years. I would often go to work in the morning with so much anxiety that I felt like I was going to explode in the car before I got there. After work I was so tired that I...

Andrasm, how long have you been trading full time. 2mo, 2yr? Why are you thinking of changing your focus. Is it money, stress, inconsistency, peer pressure?

I noticed that one too. "..daytrading is far from being a legitimate career choice." Trading and investing are no different from any other business. They all revolve around price, supply, demand, knowledge, and effort. A store owner makes his money by purchasing his product at the lowest price...

I think the fear of pulling the trigger is logical and reasonable and stems from inexperience. I'll bet the guy that's been trading for a living for ten years doesn't even give it a thought. When your new to it you don't know what your doing so don't know what the outcome is going to be, so it's...