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Yes, t0yland is right, there are methods (even very simple ones!) that are extremely profitable (without optimization) in backtests and live, trade management is very important, arguably the most important factor here; a good entry doesnt hurt though, but it's not hard to find either. if you're...

Yes, I trade IB and freetrade accounts under my dad's name, the taxes are all filed under him, I'm 16 btw

lol, lets do it! is your system mechanical or does it involve intuition?

Weld1, you'll find all the success you could ever want by sticking to what your buddy told you. That's where it's at, understanding the market, not studying complex TA and fibonacci, etc. etc.

Should be interesting, good luck Electric! I'll try to save you if you start losing too much

My pick for 12/2 is EMKR, a little on the expensive side (so might be harder to pick off my 2%) but we'll give it a try. I'm entering limit at 5.02 and exiting at 5.13. BUY 497 shares of EMKR, EMCORE Corporation at LIMIT of 5.02 DAY

Yes, I am well aware of the effects of compounding 2% a day ;) In the past I have found that I rarely reach this target in the long run, for example, while trading this strategy for 3 months over the summer, I averaged something like 1.2% a day, still very good though, enough for me :D

Very cool day today! When I finally got to check the markets at around 11, I found TIDE up almost 20% (ASTT also haulin' ass) but sadly I got left behind, it gapped up 2 cents and it's low was 1 cent above my entry =( I decided it was still a good opportunity to take a few cents at it's levels...

Yes, I picked TIDE over ASTT because being about 1/3 the share price and about equal in volatility, I felt it would be easier to grab my 2% in the range. As far as INAP, good luck with that, my buddy got out at open but said that he still likes it as far as medium-term hold.

I concur

Thanks maggandre, Yea, a buddy of mine has INAP from 1.25, he's exiting monday on open I believe just to take profits.

Once again two good plays, ASTT and TIDE. I'm leaning towards TIDE so here we go... BUY 1788 shares of TIDE, Tidelands Oil & Gas at LIMIT of 1.38 DAY My profit target is 1.41, keep in mind that I'm not around during most of the morning and so I end up putting in my sell order around...

What kind of stuff does Rhea cover in his book? Didn't he revise the dow theory?

You don't necessarily have to share signals :) Just give a basic overview of the system

Yes, three major reasons why I trade cheap stuff. Higher volatility, more leverage, and that cheap stocks are more detached from the market. It's fairly easy to find good plays in bear markets and bull markets.

Yes, the 2% profit target was about $50. No commission because I use freetrade, first 20 trades a month are free. For this particular strategy, I'm only looking at price and bollingers; my goal is to pick extremely oversold stocks and take profit on a correction. The reason why I cut my...

Closed out SYNM trade with 2% profit, took a little longer than usual but that's ok 11/28/03 No Position Equity: $2468.48 +2.167% since 11/25 1 Winner 0 Losers

oh, sorry phoenix, I misunderstood what you were saying

I don't see where all this is going... You could have BB's that use all data available, they would encompass approximately 95% of the data used. The reason why BB's use only recent data is because of the dynamic nature of the stock market price data, btw, what's your point about the bands being...

Rodden, I believe your logic flawed... You say that price does not stay within the BB's for any direct psychological reason but then you state 'other than that the trading population doesnt consistenly make insane trades'. There you go, are you not contradacting yourself? What constitutes an...