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I think he sets mental stops for each stock at 0, and if the stock looks like it might go up too much he immediately sells for fear of making a profit.

Excellent post JHO, and here is what describes stocktrader to a Tee. Stocktrader, there is nothing wrong with being a rookie. Just learn from it instead of trying to justify it.

I already did. Check out the disillusioned thread.

Yep, limit your gains and ride out your losses. Great concept. You should write a book.

Exactly. The only thing that is consistent with his posts is that he is inconsistent with his theory.

I realize the s&p 500 hit my short term target. I didn't come up with these numbers today. I came up with these numbers on Monday. I just posted them today as I have not been a member of this board until yesterday.

Trust me on one thing. There are many people on this board that have been trading for a long time. They know the difference between a psuedo trader like yourself and the real thing. Anyone with half a brain realizes you have no market saavy. The best thing you can do is learn from these...

One day does not a trend make. The quicker you learn that the better trader you will be.

My short term targets are as follows Dow 10973-11134 nasdaq 2101-2152 s&P 1252-1268 When I get a reversal candle inside of these target areas I will buy puts on all of these indexes. If the market closes above these areas after I own the puts I will consider it a bad trade and get...

In all seriousness stocktrader, you have so much to learn about the ebbs and flows of the stockmarket that I find it amusing that you speak on the subject with so much authority. It's ok to be a cheerleader and say that we are now in a new raging bull market, but just because you wish it to be...

This is without a doubt the most ludicrous thread I have ever seen on any board anywhere. Stocktrader you say you make 500 dollars a day day-trading? How in the world could you possibly make any money in this market when you keep a stock that drops 10% in one day. You obviously don't have a...

I became a millionaire using elliott wave analysis. Of course I started with 2 million. There is some credence to elliott wave analysis, and I still use it to determine where the overall market is headed but there are just too many variances allowed to make it a viable trading platform...

As you can see by my name, there actually is a holy grail. :D I won't post much in this forum as I do not have the time to boast about anything I just did or am going to do. I spend 90% of my time going thru charts. I have had better than 20% returns for five consecutive years. It was...