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Thanks for the advice Gordon Gekko. Fortunately, I have a pretty good career, and trading is only a part-time adventure for me. I only trade the first hour of market open. Goal is to be able to make at least $500 in the first hour consistently. I've done it, so I know it can be done. Consistency...

This board is really entertaining. New material everyday :p :D -FastTrader :p

lindq, thanks for your response. That's what I was looking for. I certainly hope I can 'get it' before losing a lot of $. I'm trading smaller size so I can stay in the game long enough to 'get it' -FastTrader :cool:

How much $ did you guys lose before you started 'getting it' and arrived at your current style? -FastTrader :cool:

I was thinking of going. Any Elite Traders up for meeting at the expo? -FastTrader

Nana, I hope your trading has improved since, but $30K is a very decent size loss. I'm surprised you didn't quit. Any thoughts on how you went from being a loser (lost $30k) to a decent trader, which I'm assuming you are now. -FastTrader :cool:

Pimpin ain't easy bro :D -FastTrader :cool:

My thinking is, if a person can actually afford a Ferrari, he/she already has a successful business. -FastTrader :)

Cool. I also have drive an Acura, but I must sat the Vette gets more hotties :D -FastTrader

My thinking is, if you have enough for a BMW, get the BMW and start saving for the Ferrari :p :D -FastTrader :cool:

nitro, I'm 20 and I'm trading. Remember, you were gonna write a book on me. I'm not too far from Lincoln Park :D -FastTrader

I'm 20 so can't really enlighten you with my wisdom. But, I trade part-time in the mornings while holding a pretty good full-time job in the IT field (software development). -FastTrader :cool:

MSFT -FastTrader :cool:

What indicators are you currently using? -FastTrader :cool:

Plus, the triple 19" LCDs look very cool :p -FastTrader :cool:

inandlong, that's my reason as well. I monitor 3 time frames and having multiple monitors really helps. -FastTrader :)

Convenience, and the ability to monitor multiple indexes or stocks, at the same time. I trade with 3 monitors and here's a brief list of items I have on each: 1st Monitor: Charts of the stock I'm looking to enter 2nd Monitor: Charts for Nasdaq, Dow Jones, SOX 3rd Monitor: IB's Trader...

I like Interactive Broker's commission structure on options. $1/contract....this is the best rate I've seen so far. -FastTrader :cool:

I trade in 1,000 sh. lots, and on average, make 4-5 trades in the first hour. Then I'm off to work. I trade for about 25 min. over lunch and make another 1-2 trades. So, at most, I trade 7K sh per day (round-trip) -FastTrader :cool:

Momento, I used to trade KLAC as well, along with MXIM, QLGC, XLNX, NVLS, and a couple of more semis. -FastTrader :)