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They have been talking a lot on TV lately about if there is or isn't a housing bubble. Since home prices have never decreased year over year for the entire country post WW II, how would a nationwide decrease in home prices start. I am not an economist, but have been trying to determine what...

I got the same statements from some of my friends and family members when I started trading, and at first I lost money so that just added fuel to the fire. They would ask how I was doing and I would tell them I lost X amount of dollars last month and they would start telling me how stupid I am...

Full time for 1 year and 3 months

Cash, I think you make a very good point about very few people doing openings. I know a couple of guys who were doing the openings last summer and then quit completely in October when they had a couple of bad days. Actually, what I like best about openings is that the entry is taken care of...

I thought there was a health insurance portability law where if you already have health insurance, another carrier can't deny you coverage (even for pre-existing conditions) as long as there is not a gap in coverage of more than 60 days. The law was passed a few years ago so that people...

I don't know if the market topped on Friday, but what truly amazes me is how strong the S&P Midcap index is doing-its approximately 8% off its ALL TIME HIGH.

Thanks Don

Did anybody do these two on the opening today? or at least see what they did? Stocks that open down 4.5% (ADI) and 6.5% (NAV) aren't supposed to fill their gaps. Actually ADI came within fourteen cents of filling, but NAV did. Does anybody think the action of these two stocks is due to a very...

Actually, figuring this out on a percentage basis, 1 point from the ES is a 0.1% return (based on a price of 1000) so equating that to a $100 stock would mean making 10 cents trading the $100 stock-does this make more sense?

I don't trade the S&P E-Mini contract and really don't know anything about trading futures, but find this discussion on making 1 point per day interesting. My question is does making 1 point per day in the ES equate to making 10 points per day trading a $100 stock? (Assuming an ES price of...

I only trade stocks that gap up or down by at least 1%-a lot of times these stocks have some sort of good or bad news. What I like about these stocks is that they tend to be big movers throughout the day (see HIG and BBY today for two good examples). However, they can be extremely volatile...

EAT is on my list of stocks, but this is the first time I have been filled in it. The funny thing is that I knew EAT had bad news out and I was ready to kill it immediately. I should have been paying more attention to MME, but didn't have it on my "watch list" of potential problem fills...

EAT-Excellent MME-Very, very bad

The one example that I can recall about not adapting when your strategy/trading style quits working is that I know some guys that were making a lot of $$ doing pairs trading a few years ago that are no longer making the big $$ because their system quit working. I don't do pairs, but from what I...

I have a buddy that got an MBA and couldn't find a job, now he is going to be a teacher.

If I had a system which was making me lots of $$$$ I would keep it under lock and key for fear of others jumping in and diluting it! On the other hand, if this system had made me so much money that I never had to trade again as long as I lived, then I would probably share it with other people...

Holy Cow!!! What a crazy opening today-2 healthcare stocks absolutely ruined what could have been one of my best openings ever (10 out of 11 shorts worked). ATH and MCK took me out back to the shed and showed me who's boss. How bout that 0.05 price improvement on the opening price for ATH, I...

If the statistics say that somewhere around 80-90% of traders lose money, then one must do the opposite of what these losing traders are doing. My guess is that if you analyzed trading records of these losing traders it would probably show that they held the losers too long versus how long they...

Same with BA on Friday, it had bad news (lost some work from the government to LMT) and gapped down on the open and then went positive right after opening. Its open was the low of the day. But you are right on tighter stops on news stocks-a definite must. Sometimes they start ticking against...

I definitely agree that buying stocks with bad news on the opening can be a very risky proposition. But you don't know how the stock will react to the news until it starts to trade. I would much rather short a stock with good news than buy a stock with bad news. Buying or shorting news stocks...