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Hi Deron, Thank you for explaining your reasoning. When you calculate risk/reward for yourself, it sounds as though you are thinking in terms of: if I'm proven wrong, it will cost this much, and if I'm proven correct I will make this much. The odds of having either scenario pan out (being...

It appears as though the "little" price resistance around 92 on BBH has held up yet again. If you had to do it all over again, would you consider waiting for a breakout from those levels before purchasing? It sounds as though you were planning on holding BBH for a relatively large move...

Thank you Mike. Banker

When I came to this forum, I missed the sign on the wall saying that Elite Trader is: "a site for day traders". I did notice a cold shoulder or two when attempting to discuss holding profitable positions overnight and longer. Of course I would enjoy "a forum dedicated to discussions about long...

Thank you :) Now I have to go wrap some presents. See you around, Banker

Last year Santa left Google's address for me under the tree.... http://www.nervesofsteel.org.uk/ Merry Christmas, Banker

Easy money isn't cheap ;o) Banker

Santa told me that you should go to this site: http://stockcharts.com/ Use $GOLD as a symbol, and make a weekly chart. Banker

http://www.wehug.com/crystal-ball-quartz.html Hopefully Santa has an internet connection and a credit card. Banker

You will do much better holding shorts overnight in a down trending market. At least from my experience. That's why I hoped it would trend down for you. If it trends up strongly for the rest of your life, you may regret not holding longs overnight at some point in the future. Good luck...

I certainly hope the market trends down for the rest of your lives. Happy Holidays, Banker

How was the volume at different times? Is the middle of the night dead, or are people really trading around the clock? I have always been curious about that. It's advertised as a 24 hour market, but mini futures are "advertised" in a similar way, though the liquidity is just not there during...

I'll second that. If you can make a business that produces passive income for you, I think that is easier. Trading is more fun though. Banker

Well, the Dow peaked at 386.10 on September 3rd, 1929. On July 8th, 1932 it traded as low as 40.60. Sometimes it takes something dramatic to demoralize an entire generation of investors. Heck, I still know some people riding things down from our recent peak. They don't feel worried at all...

I think there have been conclusions reached by some people about how profitable it can be, and how to approach it. The point does not have to be "to anticipate the next morning trend". Although if that's what you want, that can be the point for you. If you are trading the weekly chart...

No problem. Short away. But really, what makes shorting PALM "low risk" at the $18.50 level? Is it the fact that prices have tried to get through that area four times since September, and each time they have failed to make it above that area? Or is there something else? Would you have a...

What makes you think that it can't go higher? Look at AMZN Anything is possible.... Banker

My guess is the major indices could put in a bottom at 90% off their peak prices. Would Warren Buffett step up to bat then? Probably. Who knows though. I don't think the Bear in US stocks is dead. I don't trade on these types of thoughts though. It's just for fun. Do you use IB's...

I don't use stochastics, but what I have found is that price gaps usually occur in the direction of the trend. Meaning if the item you are trading is trending up on the 30 minute chart, a price gap will usually be up. It helps if the item is trending up on the daily chart too. It would...

I have thought about the Narrow Based Indices. I really hope they catch on. I'm going to wait until volume builds though. I have my fingers crossed.... My account is universal with IB, so I can use the funds for whatever I want. Currencies would require a different account though, at least...