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I listen to the traffic in the morning and by 6:30 the traffic is backed up on the 91 from before the 15 solid into Orange county. From what people tell me a house in Corona that goes for $250,000 is roughly $375,000 to $400,000 so you can see why the traffic is getting worse. People just...

There is a house near me (Corona, CA) that is in escrow with a listed price of $244,900. I just noticed the same house 2 doors down just went on the market for $287,500.

What really is frightening me about buying right now is that I cant find ONE single person who lives here that thinks the market is going to slow down let alone decrease. In fact the mentality from some people I have talked to is "I lost money in tech stocks but I am going to more than make...

So with all that has been said and you lived in an overheated market like I do (southern cal) would you buy now or would you rent?

The asking price on my home was actually $249,900 and I bid $1,000 above to get it. Lesser homes in the area were listed at $280,000. I am now out of mine however. The escrow instructions required fire insurance on the property before funds were released. Since the home is in what is declared...

I have a question for you Jim since you have experience at this. I live in so cal and had a house in escrow at $251,000. The appraised value seemed to "magically" come in at $253,000. Since my mortgage broker chose the appraiser I am just wondering if these values are being artificially...

What do you do if your charts are down and you are in a short term position? I was long NQ and already had a profit target (sell limit) and stop loss (sell stop) in. Once charts went down I moved my profit target down and got filled too early. Would most just exit their postion immediately?

tradestation also down

From 7 Habits of Highly Successful People: "A mistake isn't if you learn something from it" Michael Jordan after winning the NBA MVP: " A true champion doesn't win the MVP and say I am the greatest of all time I think I will take it easy. A true champion asks himself how he can get...

No I guess they don't. They just go on to live their lives in anonymity.

Did anyone else happen to read this excellent article? It seems studies have been done on very successful people in whatever their profession (athletes, engineers, traders, etc). What they found with extremely successful people was first they all experienced massive failure. For only...

I noticed that about 20 minutes after the open today that the tick ran up to about +748 (tradestation quotes) with the NQ making a new intraday high. Then the tick pulled back to about 0 to slightly negative before NQ rallied about 18 points. My question is this: is an extreme tick reading in...

Thanks for your replies. If you are using BB for entries with the tick how do you avoid shorting the piercing of the upper BB on an uptrending day and buying a piercing of the lower BB on a downtrending day?

Does the tick divergence with indexes work just as well for bottoms as it does at tops and are your methods for entry any different? Also do you put a stop loss if you are playing the divergence? Just above the most recent high or does one need to give it a little more room?

What about the low in the tick in between the first high and the second, lower high? Should this be around 0 or some other level?

On using the tick daytrading the eminis do you find a new intraday high in the futures and a lower high in the tick (doesnt confirm new high in futures) to be a fairly reliable shorting opportunity and is it only effective on new intraday highs (not just higher highs? If you use this how do you...

Could someone offer their opinion on how to use the TICK index for entering trades on the emini futures. I would be interested on how you use divergences, confirmations, etc in your trading. Thanks

BrandonF: What was your basis for this trade?

My apologies. I assumed from your original post that you were only a daytrader. But even if the stock was in your portfolio my opinion is that you should always place a stop loss immediately when you enter a trade. As an example my brother bought CSCO at $81.00 and he still has it! I suggested...

Come on. This guy has got to be kidding. He calls himself a "daytrader" yet he holds on to a stock until he has almost a 50% loss then dumps it, claiming they are "out to get him". Anyone who has been in this business long enough knows the key to survival is to limit your losses.