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I have a lack of understanding of some market mechanics. Specifically, I would appreciate answers to a few of questions. 1) How much control over price can MMs and Specialists exert? 2) Can they control more than just interday blips and actually cause a stock to trend up or down on a...

Gordon, I've carried pairs of stocks overnight also and have found that it's a good way to hedge your bets. If you pick out good long positions and good short positions, I've found that the market will reward one or the other and you will usually not take that bad of a hit on the ones...

esepich, When I started I had similar drawdowns and I'd like to offer a few specific points that have helped immensely (In no particular order.) 1) Enter trades at points that you know QUICKLY if you are wrong. I've found developing a clear understanding of support/resistance and...

between how many promising short positions vs. long positions show up on your scans and the near term market direction. This ratio goes from heavily weighted on one side or another but really seems to indicate short term market moves. I sometimes anticipate market direction better with this...

Nicodemus, I live in the country also and am looking into a satellite link-up. The speed (data throughput) is supposed to be impressive, but there may be unacceptable delays. I'll let you know how it works out if you're interested.

I'm in the same position as Tradervic. I've got a very good paying job which I like, but am fascinated by the possibility of trading full time and the perks that go along with it. I've been very frustrated by not being able to follow and execute trades intra-day. Now comes the interesting...

Neo, I subscribe to the following site for ~$19/mo. It's the Sharp Charts EOD scanner. You can program your own scans with many technical criteria and could easily program the Bottom Fisher or Skyscraper scans. It also looks at all traded stocks rather than just a selected basket as many...

I just want to thank everyone for their guidance. Your willingness to help even beginners amazes me. SHORTY

MAGNA, I've read everything on TA I could get my hands on and the only thing that emperically and statistically seems to hold true is S/R. I know a lot of traders use SMAs, EMAs, WMAs, etc. Is it your experience that MAs actually hold any predictive power? One other subject I'd like to...

I agree with your concept of buy stops. My tendency (probably misguided) is to try to get the additional advantage of getting in before the breakout. I work during the day and seldom get a chance to watch these things in real time. I wish I could and hopefully someday I will when I get the...

I guess I'm showing my inexperience. I picked this quick and didn't know earnings were coming out. CMNT broke through resistance a few days earlier and looked to be forming an ascending flag on strong volume near the new support. Maybe this is simply one to put in the "wrong guess" column.

I picked two stocks for long positions near the close on Wednesday. They were: VVI - forming an ascending triangle, sold off during the day but came roaring back into the triangle (very strong performance for a bad day). CMNT - Again, Held up well during bad day. Made higher high than...

Hi all, I'm am just sitting around on a rainy Sunday afternoon rereading my Tony Oz book - The Stock Trader. He mentions something I've seen several times on stock I've been watching. My question is how can I do what He did? The scenario: I see the bid price is higher than the ask...

Here's a few free sites that I've used. The first is one of the better ones imo. http://stockcharts.com/def/servlet/SC.scan http://investor.stockpoint.com/leftnav/pages/stockfinderpro.asp http://www2.marketwatch.com/tools/stockresearch/screener/default.asp?siteid=mktw...

dufferdon, I appreciate the invitation, but to be quite honest, I'm humbled by the expertise and knowledge of many of the participants on this board and would defer to them. While I am predisposed, for some empirical and some subjective reasons, to favor short positions, I don't feel that I...

neo_hr As one wannabe to another, I've focused almost exclusively on short sales for a few reasons (hence SHORTY.) These are observations that I have made in my few years of trading. 1) Stocks are much more likely to gap down than up. 2) The percent move down is typically greater than...

Hi MAGNA, Thanks for the response. I've often been tempted to keep a close stop to minimize losses while placing another order out at 3-5% beyond the S/R violation to take advantage of this gunning and subsequent return to the trend, Any thoughts?

Hello, Does anyone know whether I should avoid placing actual stop losses and simply use mental ones? I heard a lot about insiders gunning for these stops and see many cases where prices are pushed through S/R only to retrace either immediately or the next day. Is there a way of telling...

I'll check put your recommendations. It's good to find this site with this many people willing to help. I've got dozens of questions and really know no one personally that understands these issues in any detail. I'll be back with others but I'll try not to overdo it. Thanks again, SHORTY

Hello everyone, I've been trading part time for a few years now and I've recently realized some setups and strategies that have proved quite profitable in the past several months. My problem is this: I spend hours every evening looking for stocks that meet the setup criteria. I've been...