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The Israelis have the right idea. Find out where the families and the relatives of the terrorists live and destroy their homes, businesses, etc.. Next, find out where the families and relatives of the leaders of the harboring countries live and destroy their homes and businesses. These people...

Praet, Good points. There are always costs associated with running a business. A trader is successeful, in my opinion, if he is earning enough profit to pay himself a wage that he is happy with and that is at least commensurate with the time he spends at it, while at the same time paying for...

I agree. It looks like many traders are really no more than cheap labor, producing commissions (volume, order flow) for their employers. The age old carrot on a stick routine. It reminds me of the gold and oil rushes. A very few people made a huge amount of money from the gold or oil they found...

Hitman I think I have noticed a pattern in your posts. Maybe. Both of your loosing streaks seemed to be preceeded by a change in your trading style. During the first streak you said something like "I quit using bullets, I don't know why, but it's been downhill ever since". You started using...

Latency. Watch the TV news when they are doing a remote interview with someone overseas. It looks like about a 2 second delay before the interviewee responds. This would be one second for the question to reach them and one second for the response to arrive back at the studio. In other words, 1...

I haven't read those but I have read "Trade Your Way To Financial Freedom" by Van Tharp. I'd recommend that one, I learned a lot from it. It's "one of the good ones" IMO. Also, there are some good book reviews at this site. Click on the tab at the top of the page.

Traderbot will do it, all real-time, but it's sort of expensive.$40/mo.

Janko I always realized that the responsibility was entirely my own. The market conditions weren't Schwabs fault and surely not yours. It's effected a lot of people. Sorry to hear about your layoff. I've been through some trying times myself lately and it doesn't seem fair to me, I don't think...

I did a few trades at Schwab before I got wise. They had a deal that if I made 30 trades at $29.95 I would then have the privilege of making the next 15 or 30 trades at something like $19.95. If I surpassed that then I would be able to make trades at $14.95. At the time my number of trades would...

In my experience, I'm 46 years old, even the most honest sounding, decent seeming, forthright appearing, best looking, friendliest people will often rob you blind if they think they can get away with it. I don't think everyone is that way but in my personal experience, the dishonest ones I've...

I have to believe that the managers of IB will do what's in their best interest, and since their in business their best interest is to make sure that their customers are happy and that the company is financially stable. Both are important. I'm not a customer yet but if the comments on this board...

It looks to me like the Rule only applies to margin accounts. Also, since settlement is supposedly guaranteed, according to the comment "In addition NSCC eliminates uncertainty in the marketplace by guaranteeing the financial settlement of transactions which eliminates default risk in the event...

ME has worked well for me.I have ME, factory installed ,with an Athlon chip, 128mb and a TNT32 graphics card. My normal setup is 6 streaming graphs, 3 browswers, and 4 spreadsheets all running (overlapped) on a single monitor. I've been running this for a month, 8 hrs/day, every day, and...

At my broker sell stops are activated off the bid. When selling begins and the actual price begins to drop, what it means to me is that bids are being filled. When I see an order filled at say $20.50, then $20.40, then $20.30 it means that the last best bid was $20.30 but my screen is still...

I've found indicators alone to be inconsistent. They often quit working and by the time I figure it out I've whipsawed away my profits, especially in a non-volitile market like we've had lately. I've come up with many, many holy grail indicator formulas on certain stocks, only to see them quit...

I use TraderBot for a realtime screener and I like it.

Thanks for your thoughtful replies. I really appreciate it. What I'm probably going to do is set up a medium sized account at IB and give it a try. Will probably need a little practice to get used to the interface but it sounds like it's well worth it. I like the idea of their focusing only on a...

Any advice would be greatly appreciated. I'm considering switching to IB. I trade 2000 to 5000 shares of NASDAQ stocks daily through a discount broker and the comissions are kiling me. I never trade a stock that has a daily volume of less than 400k. No single trade is ever greater than 500...

It's not how big your computer is, but how you use it.

I've been stopped out about twice as often this month. My trades just seem to sputter out, no follow through. The volitility has diminished on the stocks I follow. If you follow particular stocks look at their ATR (average true range) over the last month, I'll bet it's down on all of them. Also...