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The point is if your stop is anywhere close to the market price you better believe you will be stopped out. There is no advantage in giving the market maker a guaranteed market unless you ARE the market maker. Having stops at logical resistance points or slightly under will not help you...

Let's see. You're glad you're not short on a 2% move in the nasdaq, but you are happy on losing 24% on TIE because its for the long term. Hmmm, something doesn't add up.

I am thinking about writing a very similar program to wizetrade. I think I have a marketing advantage because I am going to use stop signs, yield signs, and merge signs.

nope, they are both too strong right now.

I walked away from a good 6 figure income to start my own business. Fear of failure made my business a success. Nothing worthwhile is ever accomplished without risk. Needless to say, there is no reason to take careless risks. Fear is a great motivator when it is self-imposed.

If the fed raises rates on Tuesday you won't be waiting anymore.

Neither, it's just the next recent high before the downtrend.

Your target on apple should be closer to 70.00 as that is the next point of major resistance.

If you don't have a risk-reward ratio of greater than 2:1 it simply is not worth taking the risk. There are too many stocks out there with better ratios.

When traders place a good till cancelled stop you give the market maker or specialist a great deal of power. If he has a huge buy order and there are many stops close to the general area where the stock is trading he will take out the stops every time. The more potential volume is at a stop...

I'm getting old and I don't know if I'm getting wiser. Prior to a bear market you will see a rotation into health services, drugs, hospitals, drug stores, mortgage investments(for yield), food products, aerospace, utilities, tabacco, and gaming stocks. In effect, kind of what we have been...

Well you know the old saying. "Economists have predicted 14 our of our last 6 recessions". I think the guy makes very valid points and I agree with most of them, but our economy is too complex to regard anything as a certainty.

Excellent point and post!!!

There could be many reasons. They could want to bring the stock down so they can buy it at a better price, or they could just want to bring the price down period. If a market maker or specialist has a lot of shorts and he is not short in the market he has a trade imbalance. When an...

If you are able to watch the market on a daily basis(at least taking a glimpse at your postions) do not place any stops. Have your number in your head and when it hits it sell. If you place your stops out there for the specialist or market maker to see, you will be taken out the bulk of the time.

Normally it means the stock is going down big time. Theoretically when you short a stock the broker is supposed to borrow shares. Not all people do so it is actually possible to have more shares shorted than the float. They will have what is known as a "failure to deliver". They get around...

You make it sound like if I don't get in on the ground floor of an uptrend I can't make money. Yes there are sectors that are trading higher, but they normally will not have extended trends in a downward trending market. They will also drop like a rock in a large downward trending market...

You've never heard of trading with the trend of the market? Remember that freight train you were talking about? That's the market. Go against the freight train and you have less chance of success. Yes, you do miss opporturnities, but you also don't get stopped out on a daily basis either.

I don't trade based on short term trends. I trade based on intermediate and long term trends. The intermediate trend is still down. I hold my stocks whether short or long as long as they remain in their 50 day regression channel with a 2% standard of deviation. This has been successful...

If you go by historical data, a 15 p/e is considered fair value.