Search results

You have to have a system that you TRUST!!!! From my perspective as a swing trader there is absolutely NO THINKING done while holding a position. You get out when your rules are violated. No ifs, ands, or buts. Once you develop a system that makes money and you trust that system you will...

I got out of xec today. SIRI's chart is not too enticing but I have not gotten a sell signal from my system yet so I am holding.

There is one VERY EASY SOLUTION!!!! Steadily increase activities where you normally would not smoke. You can't smoke in a movie theatre. Go to the movies. You can't smoke in most restaurants anymore. Eat out. You can't smoke in the shower. Take lot's of showers. You can't smoke while...

I cannot speak of a new high strategy for short term trading but I can for the longer term. I have found that stocks that make a (2-3 year) new high are more profitable than those that just make a 52 week high. You just buy and hold until the 150ma turns flat. This will normally keep you...

Well this is why I HATE elliott waves unless I am absolutely sure I am trading off of an ABC correction. We really don't know if a simple wave 2 has just completed, or whether we are in an ABC correction with the b wave just completing today. If this is the case the stock will correct to...

Damn, I must be the most conservative person on this board. I never risk more than 1% of risk capital on any one trade.

Now we are talking. That is a valid point, and I commend you for not attacking while making it. I noticed though that you said an "experienced profitable trader". I am an experienced profitable trader. Maybe not to the level that you are, but nevertheless I fit that bill. Perhaps you...

The premise is purely logical. What is good for one has to be good for the other. I'm glad that you said "It's not necessarily a bad investment to invest in a company that is highly leveraged". Of course it's not. I never made that claim. I will say it is a high risk, high reward...

I asked a legitimate question. Why not say you don't know the answer as opposed to saying I am being confrontational?

One more question for ya, if you don't mind onelot. If being fully leveraged is the only way for a business to make it in this tough world it would seem to me that we should only invest in companies that are highly leveraged. I wonder why the complete opposite is true. Can you please answer...

Oh really? Opportunity cost is the most misunderstood word I have ever seen. It assumes you could have made a better trade or additional trades in lieu of what you actually did. That assumption totally depends on whether your analysis was correct to begin with. I don't assume all of my...

Why? I'm not smart enough to know which trades will work in advance. I know what the chart should look like, and which stocks probably have a greater probablity of success, but there are no guarantees. The market can make you very humble quickly. I risk the least amount of money I can to...

I haven't seen a "get rich quick scheme" that was legal and worked consistently. There is absolutely nothing wrong with doubling your trading account every 3 1/2 to 5 years relatively safely. There are very simple systems that will allow you to do this. I've never understood the reason for...

The best job in the world is doing something you love to do and getting the added bonus of being paid for it. I do lots of charity work too, but alas I don't get paid for it. Fortunately, that doesn't stop me from helping people. I give back more than you will ever know. I even gave back...

Yes, I am a businessman, not a person who is trading for a living. I have been a successful swing trader for 8 years. Inverse correlations is a concept I have never been acquainted with but that has not limited my success. If you check my posts you will see that I have NEVER given opinions on...

Hmmm, now why would your respect or anyone's for that matter be important to me? I'm not into ego building, and I am not a day trader. I'm a successful position trader who came to this board to learn about various aspects of day trading. I am in the process of selling my business and I will...

Again the arrogance. Everyone is a loser if they don't trade like you. I can't believe you cannot see your own arrogance. I guess if we look for a definition of "successful trader" it will say "a person who does not have a losers mentality as defined by mschey". I checked, but so far I...

There you go again making more assumptions. I can't walk the walk? And you know this based on all of your psycho-analyzing abilities? As far as I'm concerned when you have to continually tell people how good you are there is a great likelyhood you are just trying to convince yourself of it...

Thank you for some thought provoking concepts.

Using my secret EXPERT indicator I would say YES! :D