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Yea I'll look into that! I'm getting a decent feel for the SPY's and their movement intraday...so I will def keep this in mind going forward!

Looking forward to it Shagi...It was Livermore who once said that it was his sitting and waiting that made him most of his money(paraphrasing)!

DNR trade: anybody have suggestions...or take these types of trades?!

P&L= +5 Shares traded= 800 Trades taken=4 LZB: Trade 1= -6.00 Trade 2= +19.00 These were both trades off of the open, looking at the order flow. Took TradingRaw authors suggestion and looked at LZB which reported earnings but did not have significant pre-market action. First trade...

Any updates for the week?

I would assume this would be true on the flip side as well? I'll look into this setup and acutally flipped through some in-play stocks and saw that this worked in a couple instances. Watching this play out numerous times will help. I'm going to hopefully catch a stock that opens flat with...

http://www.tradingraw.com/index.php?option=com_content&view=article&id=13&Itemid=77&limitstart=3 Video at the bottom of the page...he mentions it in the beginning.

Ok will do. Here's the link where the trader with the tape reading service mentions the pricing discrepancy. I guess one could take it to mean that there was little pre market action? Don't know if that would make a difference.

The distinction wasnt whether the stock has any news or not....I was referring to what the trader said in the video. He said that he likes to trade stocks with news, but that are not opening on gaps(up or down). Stocks that are not opening any different from where they closed the day(give or...

Question for you or others experienced on the matter. The trader in one of those videos makes an interesting comment. He says that he finds it easier to read the tape in a stock that is "inefficiently priced". By this he means a stock with news but little activity in pre-market action(no gap)...

Chris, That is a high loss limit...well relative to your account size it might not be? How big is your account? I have a 10k account and have a loss limit of $100. I've been trading for the past couple weeks and only trading 100 shares at a time lol. Every trader that I talked to that trades...

Hey Chris....just wondering if your firm has a loss limit for the day? Also, how many tickets and trades are you taking a day on average?

SPY AND WFT TRADE:

Net P&L= +48 Shares Traded=600 Today was my first positive day since starting at the firm. Took three trades today...1 winner, 1 loser, and 1 scratch. You will see a similar mistake made on the last scratch as was made in he COST trade! Trade:1 WAG Long=42.35, stop= 42.22, target...

Thanks John, I will check it out.

Point taken, thanks!

I have access to one the head traders a couple seats from me. Throughout the day I ask him questions about trades and what hes watching etc. At the end of the day I usually ask questions a couple trades that I entered and he gives opinions on them! For the first couple weeks we spent a...

1320

Don't let any of the haters get you down...they tend to come out when they have the ability to hide behind a computer screen! Do YOU my man!

Is there a right answer lol...well I would say in this case I should've just moved the stop to breakeven or kept it where it was at considering it was so small. After that I could have trailed out the stop above any significant lows that were put in place....all in hindsight of course! Position...