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Strategies for a trending market and non-trending market are completely opposite. When there's a trend buy strength, sell weakness. When there isn't buy weakness and sell strength. In order to really learn how to trade you have to go thru a major bull market and a major bear market. Take...

If you can't trade in a trendless market you shouldn't be trading. If you want to earn a living trading you have to be able to trade ALL market conditions. Study all market conditions and just trade what happens. Read, "Trading in the Zone," by Mark Douglas. Best book I ever read on trading...

Another thought....develop a formal business plan and write down you goals on paper. I recently heard an interesting stat: In a recent Yale University Pole 5% of graduates wrote out a formal business plan and put goals down on paper. The earnings for this 5% exceeded the earnings of the other...

youngtrader, this is coming from an old fart (ahh...middle aged fart) who has a ton of experience in the stock market. If you want to accomplish this dream you MUST go to college. Having a track record isn't enough, especially if it's with a small amount of money, which is suspect is the...

I just bought a Dell Intel® Core™2 Quad Proc E9200 (2.33GHz,2MB L2Cache,1333FSB) and it runs Tradestation fine. I suspect if you are using your current computer for surfing related things you are picking up garbage that is causing your machine to lock. I used to run TS on an old Dell...

I used to trade stocks exclusively a number of years ago and I found Level II quotes to be absolutely useless because of the games market makers play, especially on thin stocks. If the stock is heavily traded, like AAPL, the sheer volume renders Level II useless. I traded OIH for a while and...

If you hold a securities license then you are considered a professional. Unfortuantely, this means you pay more for data. I think the reason for this is because the exchanges believe you are going to use this data on behalf of your clients, and they are looking for ways to charge you for that...

Couldn't agree more. The Fed is more interested in saving the Wall Street banks than saving the average American. The average investor views the Fed's action as a great thing because it is keeping the stock market propped up. What they are missing is that an elevated market and low rates...

Trade on a simulator for a while. I traded on a simulator for 2 months and turned $40k into $80k the first month and then into -$100k in the second month. I learned a great deal more in the second month. I opened a real account and I've never looked back. You can learn a lot by trading on a...

Up 142% during the month of August.

No, trading is 100% dependent on having a plan for EVERY single scenario. Does your strategy involve winning on big positions and losing on small ones? Most traders completely ignore the fact that money management is the most important aspect of successful trading. Timing is very important...

My wife's family always gave me shit about trading. They couldn't understand why I wasn't getting a job working for "the man" and climbing the corporate ladder like everyone else. Starting my own business and/or trading has always been my dream and I went to great lengths to accomplish it. My...

My apologies Restricted. Based on Stock_trad3r's post history I agree with your view.

Criticizing a profitable trade? LOL, good one Restricted. Pretty good.

My bad, perhaps the moderator would be kind enough to move the thread there.

Price puts in a hard bottom at 1466.50. Note the shifting support lines, indicating a change in bias. Price reacts upwards and corrects back to the 1468.00 area, which is trigger number 1. Rationale: buy the higher low on a "potential" double bottom. Price moves up nicely but the bottom...

Amen! Especially to NO Cramer. What BS that is. If you study Cramer's track record he doesn't beat the street -- not even close! He's nothing but a successful hedge fund manager (kudo's to the guy for that) who's now a sheep herder...

Thanks Chloride. Those setups work well but you have to have an extreme amount of patience to wait for them. Then sometimes they don't happen the way you would like. Trading is just a tuff sport!

Good thought Rice. "Anything can happen." Gotta have a game plan for that scenario as well.