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Interesting advice. I can't take offense at any feedback if it is well intentioned...even if it is blunt. I don't know if there are any prop shops in this area, and my question is whether there are any that will let me trade on-line. I'm a swing trader, so the time spent trading is...

I don't know...never tried one. I've always bought stocks outright, and the only leverage I ever take on is an occasional 2X ETF. It's like playing Blackjack. I can go to a casino and play for hours and not really make any progress. No need to papertrade in the game of Blackjack because the...

Seems like all you'd need to do to separate the real potential Mentors from the Fakes would be to ask them to make some trades in real-time.

Roger that. Perhaps repair my wounded credit and borrow against one or something. So in the short run, I'll be doing sophisticated things to a very pedestrian portfolio. :(

Very true. Never scaled up. What I'm doing should scale easily. Still, if I was put in charge of millions of $$$, that would rattle me somewhat.

These are great responses. I guess it's a test of faith in my edge to liquidate assets to invest in the method. That's a good idea, but I can tell you that my liquid assets are whittled down to nothing and I'm just hanging on right now. Again, now that the wife is working, it's like another...

I know this is going to sound like whining or bragging, but it's not, and you guys are the best people to understand this. I swing trade. I started doing it about 15 years ago. I'd do it with little or no leverage, and for years mostly broke even. It was like playing Blackjack, and it was...

All I know is I win about 3 out of 4, and most of those end up being day trades even though I am playing it like a swing trade. If I see a nice profit, I take it. Seems like more than half of my trades make money on the first day. No robots needed.

Yep. My approach is like Have a Nice Day's method, and since I play longer durations, my win percentage is scary high because I'm playing a longer time period so there is less "twitchiness" (reversals due to a larger counter trend). I do have to be patient because otherwise the "noise" will...

Putting on my Morgan Freeman voice, "He's right you know". Profits are the amounts you lock into times the number of times you book a profit. Losses are the amounts you lose, times the number of times you take a loss. To be profitable, the Profits have to exceed the losses. Theoretically...

I'm not sure what you're asking. I like to look at charts of at least 2 months because I can see a decent amount of past history, but I'm still zoomed in enough for my old eyes to see detail.

I play stocks with good momentum. I try to buy close to resistance, and if resistance is not significantly pierced and momentum continues, then I'll hold forever. And why not, since I start with a healthy uptrend to begin with? My max risk is if I buy in and the stock immediately goes down and...

Here's my two cents. The shorter the time frame that you like to play, the smaller the fraction of the overall volume of trades you're seeing. If you look at a 15 minute interval, it may look like a bold rally, but it could be a "dead cat bounce" from a longer time period that will be snuffed...

OK, I'll play along. Essentially, the answer is "yes". And here's why: I only buy into a stock or an ETF based on it's chart and a demonstration of momentum. When I buy, I am prepared to hold for a while until it makes a profit. I am also prepared to wait until I get a sell signal. I...

I realized that even though I use patterns to swing trade off of momentum, I'm sort of a scalper. If I can make a decent profit quickly, I just take the money and run to the next setup. I don't hold for more, even though I'm using 3 month charts. Anyone else doing this? SM

I think all you need to do is trade it and track your success and failure rate. Like a baseball player's potential batting average, you can only speculate on what it might be when he moves from the minor leagues to the major leagues until he actually gets some opportunities at bat.

Gotcha. Good info, thanks. But aren't there also funds that trade on TA? What do they do? Or are they secret funds that aren't generally available to the public?

Hey all, No, I don't have a Holy Grail. And reading this thread won't help you figure out one through reverse engineering. But I do have a question. Let's say a person could routinely make money like they had a Holy Grail through their experience and smart loss prevention methods...

It depends on whether price is defined as transactions (it usually is). Or bid and ask. In your scenario, the ask would be above all bids. And bids would climb until ask is met. One could argue that the price is always the ask value. So the asking price fluctuates, but it isn't realized...

I remember reading about a guy who worked on Wall Street during the stone ages before electronics. He worked as a sign handler, and would post stock prices up on a board in the form of cardboard signs. He supposedly got rich by buying stock that he felt was about to jump based on it's...