Search results

While I have not read all of your 300+ posts, I think your comments on the "Holy Grail" thread should be required reading for anyone on this board who is not making money. As far as people giving you shit about your confidence, I would argue that if you don't feel you can be one of the top...

Axeman, The 4 yrs refers to going to college for a finance degree then working as a broker/analyst for 4 more before making the shift to trading. It took a while to throw logic and rationalization out the window and rely totally on what the market was telling me. I still work out of a...

Try spending 4 years learning how to analyze stocks on a fundamental basis and then 4 more trying to forget everything.

Go to IB's TWS and enter order to sell JDSU, SUNW or many other stocks trading under $5 that you do not own and you will be short the stock. While many firms may have rules prohibiting you from trading a sub $5 stock on margin it is not a SEC rule. Retail firm I worked with would not take a...

I have shorted stocks trading under $1 on IB, ADSX and NEOT.

My time frame can vary anywhere from 5 min to almost all day depending on the type of stock. On my news plays if the volume is heavy enough I will often add to my position and try and survive the shakeouts as long as the trend continues. I have no hard rules, so it is hard to explain my time...

Arzoo, I trade using a similar style and can assure you that the past week has been tough playing breaks on big cap NASDAQ stocks. CSCO had some confusing news on Briefing.com this morning which caused some whippy moves. You might want to look at some of the higher priced, more volatile...

I am logged on but I can not enter trades on some stocks.

Most of my trades are for .25 to 1 and L2 would be too much of a distraction to help me. I have enough too watch without worrying if the 50,000 shares I see standing in my way are real or some ploy to scare me out of a position.

Sorry to hear about the cold, always tougher to trade when sick. I guess my comment had more to do with all of the strategies I see being thrown around on these boards. I think RS7 had the right idea when he started a thread called Keep it simple. The majority of my trades involve stocks...

Gordon, from your recent threads I get the feeling you are trying to outsmart the market. Hopefully you are just bored and not really trying all of these new strategies. I do believe in your theory of making money off of people who do not know what they are doing, but you are looking on the...

Try this. http://www.day-trading.org/tradestations.html

This is probably too simple for most people, but in an uptrending market such as the one we are currently in, pay close attention to stocks which open down on negative/neutral news. NVDA, ADSK, UAL are recent examples. If after trading in small opening range and breaking to the upside, the...

Although I have not yet figured out what all these bad brokers did to you, I have to admit I find your posts amusing. Thanks for the laugh.

Slow day, just trying to stay out of trouble. I voted to go for it, you would have been crazy not to take that kind of offer. This business tends to reward those who take risks.

Maybe I missed it, but to vote in this poll I would have to know what reason your brokerage firm gave you for telling your client to get lost.

Thanks for the story. Great thing about this business is that most every hardship and problem you go through ends up making you that much better in the long run. From what I have seen in your other posts it sounds like this experience took you a giant step closer to where you are now.

At the time you made the decision did you understand why your firm fired the guy as a client? You said he was wild, but a brokerage firm will not normally tell a client doing several thousand dollars a day in commissions to leave unless something is borderline illegal. If the client's activity...

Not sure what the point of discussing this in hindsight is but I'll go along with it. I would assume from the small details provided that your big trader lost even bigger money and was unable to fulfill his side of the contract. What was his reason for bringing you into the deal? If it was...