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Quik, I know what you mean but naw, that's not what he was saying. I know this guy from MSN's boards for the last year or so. He's an arrogant cocky kid. When he is winning, he's a newbie killer and knows all the answers. When he starts losing, he gets humble and says he's a newbie himself...

Very sound advice.

Funny how a few days on a winning streak all of a sudden makes you a "newbie killer". LOL. That's funny. When the next losing streak arrives, you'll be whining again and singing a different tune again just like you always do. Wet

Sorry for raising the heat. I just get tired of the negative based "I know it all" comments like "you CAN'T trade with indicators successfully" and "you CAN'T trade with an account smaller than ___insert your account size here__". I'd expect more from the people here. Will you quickly...

P2 says "I don't think that anyone trading with low equity can make it in equities without first building his account using options" And on the basis of what do you make such a totally ignorant comment? Perhaps you should go to the "my story" thread and read about how everyone started...

For daytrading, maybe it is different. But for a swingtrader, indicators are not useless. I use them with success (stochastic particularly). Of course, they are not perfect. Do they lag? Sure. So what. All that matters is that whatever system you are devising -- indicators, no indicators -- has...

A few things. 1. Let's assume for a second that it is true that people with under 25K are being "better served" by the restriction. Since when is it the government's business to be class-based paternalistic? I shouldn't go to Foxwoods Casino either, since gambling is negative expectancy for...

Bill, I agree with pretty much everything, except for the quoted part. If I say "0.50% risk" I mean 0.50% of my portfolio. So if that port is 10K, then I risk 50 bucks. True, in the 10 dollar example the stop is 2.5%, but not of my cash. I still risk only 50 dollars, I just buy enough shares...

Good God, Hitman! Say it ain't so! You can succeed trading with such meagre tools??? : 0 Wet

Mike, Using margin is always risky, let's face it. You are not trading with your own money. So there's a chance you could wind up losing more than you actually have. Of course there are smart and stupid ways to use it. But, as I said, I'd rather miss out on possible gains and play it safe...

Sniper, You make a good point. ALL of what you trade really is "at risk". You never know what will happen. However, there are many ways to mitigate this. First, a 15 cent stop isn't always "too tight". It depends on what kind of trade you are taking. There are times when I play...

Sell short into a breakout? Are you serious? Should I average up on the way? What money management techniques would you be using when utilizing such a strategy?

Dozu, I may be one of those bozos that does feel like there's a difference between capital and open profit! If I can raise the reward of a trade while keeping the risk constant, I'll do it anytime. I don't pyramid often, but when the chance presents itself, I do. If I am playing a...

mgregor My pyramids have actually turned out to be my best swing trades. They, of course, don't always work. But when they do, they work well. Here's my rules: 1. Pyramid only at key technical points. So if you're in a swing trade, and there's a key technical resistance point that is...

MktSkillz You said (wish I could figure out how to quote): ============================================ It's not gambling if it's one of a trader's strategies. Some people want the market to be bearish before they go long and some want it bullish before going short. Market psych suggests...

Zboy, Oh come on, now! Can't you see it? It is more than obvious that a person with 27K in their account is infinitely better at trading, more professional, more concerned about proper risk management, than someone with 24K, or 22K, or good god (gasp) those with 15K. Since 25K up traders...

Hitman, Intraday trading is different from swing/position trading. If you are a swing trader or position trader, and you primarily go long (I rarely short, not because I think there's anything wrong with it, but I'm not good at it), then to go long when conditions are bearish is, very simply...

Micheal, I couldn't agree more. If the SEC is supposed to be "mitigating" risk, then why insist on margin accounts? Personally, I don't use margin, being conservative in nature. I have margin coverage (for shorting) but I rarely short and I never use my margin to buy extra long positions. If...

P2, I don't trade options, and have no desire to. I do just fine with equities. Besides, I don't want the SEC telling me what I can and can't trade. Also, I agree with ZBoy. This is simply class-based paternalism. Last time I looked, people with 25K up were no smart than those with 25K...

P2 and Alain I have an account under 25K. I don't daytrade, I swingtrade. The new SEC rules will affect me. There's ways around it, but it will affect me. To say that people with under 25K shouldn't be trading is blatantly elitist and somewhat arrogant. I do fine swingtrading with less...