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'flipping' was the wrong word, closing positions or scaling out is what was meant. to actually flip out of those stocks , buying and selling almost immediately, were not done in these positions because they were long time range trades

if a position has gone past a mental stop, definitely use market order to get out ASAP

I admit to fear of failure, most people admit it too. Its very common, lots of ways to deal with it. Whenever it strikes, i fire up the computer, and look at charts. look at old trades &blotters. See where i went wrong, see what i did right. immerse myself until the feeling goes away.

those are good points, my feelings are that the gas prices will still go up in the summer months so i'm staying in the sidelines.

as a rule of thumb, if the stock you're trading has high volume (in the millions) the less you have to worry about slippage. the lower the volume, the more you need to worry.

Several years ago i had the same experience in chicago. I had moved to Chicago from NYC to pursue trading options from the ground up. When i got there, the situation looked bleaker for me than i had expected. No ads or classifieds. I had also contacted job placement agencies but they weren't...

i wish this article had details on the volume during the double top, it would make it easier to see just how effective the formation would be.

http://www.elitetrader.com/tr/ Good read.

the wording they used today set up the markets for eventual incremental rate hikes. No 50basis point hikes in sight or anythng extreme.

TIPS are getting more popular as anti inflation vehicles

Well when you are as undecapped as 90% of the traders who attempt to make a go at this are, and you need to avg 10% a month just to make your nut then all the Anthony Robbins think positive pshyco-babble nonsene in the world will not help you escape your inevitable fate... Agree with you...

whatever happened to the 'can do' spirit? If you're not making money, go to someone who is. When in a conversation with people dumping on trading, go to people who are pumped up about trading. This whole career is mental, talk positively to yourself and others. Time is better spent...

i can't see how rates will be increased before the election. just doesn't make sense politically.

look into matrox duel monitor video cards. they also have 3 and 4 monitor cards. i've used them and have good experience with matrox. More ram wouldn't hurt also

Thanks for pointing out interesting stocks to follow in this industry. I do not regularly follow these companies but do agree with Trend Fader and say that CFC looks the worst. TOL will be a great short once it breaks support too. The others have more support/resistance levels below them...

Start by following the DJ Oil Companies, Major Index Symbol Company Name CVX Chevrontexaco Corp XOM Exxon Mobil Corp MRO Marathon Oil Corp UCL Unocal Corporation Learn and compare the Major companies to these Secondary DJ Oil Companies AHC Amerada Hess Corporation...

Cut back on the working hours before you become too tired and make bad trading decisions.

Come into the trading day with no preset profit expectation. Trade to trade well.

how do you use fishnets to find entries and exits?

Its hard to see NVDA be a buy for swing traders unless it gets down to 15.50. regardless of news or products. Granted thats 5 points from now, my interpretation of the charts show no real or definite signs that NVDA is worth a buy. I'm not a forecaster or wizard, just a trader going by the...