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  1. M

    Developing a profitable strategy

    Here are my first trades and some observations: 1) Determine a trend in BOTH the stock AND the market, and trade only in that direction. This isn't rocket science. Use an EMA of a decent length, and eyeball the charts of the stock and the S&P. So I am using gut feel - but trading the...
  2. M

    I made 5 dollars today !!!!!!!!!!!!!!!!!!!!!!!!11111

    5 bucks will get you a decent cigar or a chinese foot massage in guangzho
  3. M

    TOTAL HONESTY: how much did you lose today?

    I made 244 bucks today
  4. M

    Developing a profitable strategy

    Big Charts: So Im thinking due to all the news around financials I will look at BSC and GS Hard to determine resistance levels -- maybe because of all the uncertainty? GS ---- Im gonna say resistance in the area 200~210 But my main observation is: Not enough data points to really know...
  5. M

    Developing a profitable strategy

    I'd fund the account with the full 50k, and index 60% and trade the residual. There's not a whole lot you can do with 3.5k; except give it away. Noted. I'll do that as soon as I can find it documented on their web site that the 50k is insured thanks
  6. M

    Developing a profitable strategy

    and some notes: 1) Trading goal ---- dont lose money. Reason: I am coming to the conclusion one cannot succeed at this unless one has the mindset not to lose on trades. 2) I am going to trade with real money. Reason: Understanding ones own tolerance for risk appears to be key.... so...
  7. M

    Developing a profitable strategy

    Key points: Find a meaningful trend (Higher Highs, Higher Lows) (Lower Highs, Lower Lows) Symmetric triangles point to important movements Shabaker says the same thing - so this is good :-) So off we go hunting for useful trends........
  8. M

    Developing a profitable strategy

    I'm going to post some first steps and my reasoning process for taking them --- in anticipation of hearing some commentary from more knowledgable folks (I anticipate some bashing too - after all it is an online forum) New to trading Employed full time --- work at home consultant. I have...
  9. M

    Goldman Sachs Head & Shoulder Top

    Still looking at this stock Break line appears to be 180-195 Any comments on what makes this pattern 'not' a head and shoulders top?
  10. M

    Successful Trade

    OK - well this aint much but it was successful Bought BSC at 93 yesterday and sold at 95.5 today Bought GS at 215 yesterda and sold at 221 today Made about 1500 bucks Goods: They are still running up late afternoon at the moment. I took some money out and ran Bads: I did not...
  11. M

    Time of active trading before becoming profitable

    great posts just tapping into this thread to see what others have to say on the subject
  12. M

    Here is why the futures shot up----

    Just out of curiosity - what are the specifics of how the gvt is cooking the books on inflation these days
  13. M

    Say GoodBye to Countrywide

    Laughing....
  14. M

    Peak Oil Doom and Gloom, or maybe not...

    I wonder if, in the 1800's anyone was concerned they were gonna run out of whale oil for lamps due to the finite supply of whales, and the number that were being harvested.......
  15. M

    Peak Oil Doom and Gloom, or maybe not...

    If you want to see intermediate term future looks like for the US ---- just take a trip to europe notice the size of the vehicles and the price per liter --- yes liter of gas
  16. M

    Guy passed out

    The question they asked was..... "Did you know that masseuse in the Asian Massage Parlor was really a trans-sexual from Bangkok?"
  17. M

    Asian Massage Parlor was empty.

    lol Is that you?
  18. M

    Asian Massage Parlor was empty.

    I know one or 2 good ones in SF Wouldn't mind finding one in NY
  19. M

    Baby Boomers cashing in 401k's

    I put 100% of 401k $ into bond funds on 9/30 Ive made enough money this year and didnt want to see it evaporate It'll go back into QQQQs, Diamonds & Spyders --- sometime hopefully in 2008 I'm still holding quite a bit in company issued stock options and stuff like that --- but the tax...
  20. M

    common thinking errors

    A large segment of the 'lawyer' population does routine (just like any job) stuff like DUI Divorce not exactly menally challenging
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