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Amazon lost a lot of money, but it was a little less than expected..something like that happened last night. This is good! Anyway. We are gapping up nicely in the nasdaq, but the bonds are also near their highs, which suggests to me money would still be flowing out of equities. The dollar...

I just want to add a quick word here about stops, trailing stops etc. I tend to trail my stops up very quickly behind or in front of a pivot. Also, once I have covered my risk, I will sell 1/3 to 1/2 of my position and bring my stop to an area right about in my entry for the remaining. This does...

I could stop in from time to time, but if I get into too many chatrooms I won't shut up. Then I wont find anything to trade :D Brandon

The best one I have caught so far was PHSY on 4/15. I like the New Kids scans a lot. The stocks tend to be very thin, but when they move..THEY MOVE. We've really been in a market of stocks, not a stock market..so you can always find a few things. Brandon

There is a lot of discussion on this board, other boards and in general between traders about how tough this market is. Many going so far as to say making money simply can not be done. Others feel like the market is "making them crazy", QUICK, HIDE...THE WHITECOATS ARE COMING! The purpose of...

I dont have the balls to stay with those thin ones for that long, I took a $.60 profit and ran. Thats the one thing I need to work on overall in my trading actually, is to let my winners work out a bit more than I do. Brandon

I think I got it in New Kids. Brandon

Aside from becoming aware of volatility and how it coils and uncoils and how this effects your trading, a few other things I would suggest to someone who is having a hard time. First, probably trade a bit less during the day, and reduce your size. I would'nt say to paper trade or stop trading...

The bond gave a decent example of this with its earlier action today as well, though not nearly as good as the stocks did. Hope some of you caught the move yesterday. Good trading. Brandon

Now I know why I never won that damn spelling bee <GG> Brandon

There is a popular game played at carnivals, the object of which is to hit the head of a joker as it pops out of one of multiple holes. Most people will "lose" this game by continuing to watch where the joker once was. When I watch many market players reacting to the markets natural coiling and...

My opinion is that people fail in trading for pretty much the same reasons people fail at other things every day. They are not willing to put in the work, they are not willing to be self critical <b> in a positive way </b> and they can't take the pain of loss to their ego's. Everything goes back...

Maybe I was not clear, but that was part of the point I was trying to make. That most of the time this is a very effecient market, so you sit out a whole lot waiting for a time when you may have an edge. But then, as soon as you see it, you have to strike or it wont be around. Brandon

I would think the number would be higher than 5,000. The exchanges in Chicago alone have this many outstanding memberships. Even assuming only half the seats are used by a "real trader", you have more in NY, Kansas City and Minneapolis, San Fransisco, Philadelphia and Boston. These are the...

I think the challenge in trading the mini's and index futures and bond futures etc, is that they are probably the closest thing to an effecient market that there is. There are so many varied interests of people, some hedging, some speculating, and those two can offset each other. The result is...

I think that most traders who are having a hard time think that "the market" is impossible. Unfortunatly for them, the more they believe that, the more true it becomes. I think that as a trader its important to keep a positive mental aspect, because with out confidence that you can do it, that...

One thing you can do to get insurance is to make your trading into a company, then hire yourself at a set salary through a temp agency. The temp agency will charg 5 to 10% of your salary as a fee, and you will have to pay the insurance..but you get a very good package. Brandon

The Money Show is a great excuse for a tax deductable good time in Vegas..but in my experiance thats about it. That said, Ive not missed one. Brandon

News/Event Trading can be probably the most profitable way to trade, but not in the way most people approach it in my opinion. Most people say something like "This is a great story, this stock has to fly" and then buy, and buy and buy..and as the stock sells off, they "know" the "story is great"...

Joe and Bob are both probably on the right path, and doing the right thing. A purely discretionary system works just find. Many traders are proof of that. If you think in terms of what is important and build your philosophy around solid and long term proven idea's you will be able to trade in...