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>Also could someone enlighten a futures refugee on the difference between a direct access >broker and a run of the mill ('not' direct access) broker. My educated guess is that direct acess >just means there's no middleman on the phone between you and execution? >And as long as I'm asking...

After trying all kinds of scans and timesavers, I keep coming back to my manual scanning. I look at a giant watch list with the S&P500 Naz 100 biotech, sox. About 800+ charts. I flip through these manually, which takes about 1.5-2 hours. After this runthrough I have 15-20 stocks to trade the...

Good question, there are really only two choices in my opinion. 1: take smaller risk in order to tie up less equity in each position. 2: develop some way to spread trades out, reduce trading frequency...maybe take only one a day? This way you will keep taking trades consistently as the...

T/A... Just curious,,,,how does 41% equate to a successful month. Am I missing something here? Perhaps you are being stopped out early and letting your profits run? The reason I ask, is that we try to keep around a 70+% winning average to make a living in this business, and I am always looking...

T/A Bo, Would you explain this unit concept a bit? I don't see how you can compute a proper ROR from it, but perhaps I don't understand the concept. -=-=-=-=-=--=-=-=-=-=-=- Sure. The best way to explain it is to first understand the style that Russ and I trade. We are taking...

Yes, I'll be there! Look forward to seeing you... You staying at the Marriot? I'll shoot you a call when I get there. -Bo

Finally got off my duff and did the trackrecord calculations for Jan... Here they are. From website... <snip> TRACK RECORD Performance since January 1, 2002: During this time we have followed and discussed 86 trades. Of these 36 produced a gain, 50 a loss. This gives us an accuracy...

Freedom is #1... Economic freedom, as you can as a totally independent trader provide for yourself and your family an excellent living. Personal freedom, I'm pretty much done with my trades by 11:00 AM, after that my stops are in and I can work on my business, and any other interests that...

Wow, a busy thread here... Guess I need to keep closer tabs on the msg world :) JWN has been a sweetie for us... I had it on that swing back in the $21 area, Russ pegged it today. You try to tag it long at EOD Tony? I have been trading a lot of NYSE stock in recent months, they seem to be...

"Before deciding that question I had grasped the significance of the silence of the dog, for one true inference invariably suggests others." -Sherlock Holmes --- The Silver Blaze My trading is governed more by what is missing from the price action then what is there for all to see, so I...

Great post Candle! Love your comments as they are so SO true. Once you build a basic foundation, the mind is the real barrier to consistency. In my experience, having worked with a large number of traders over a long period of time, I'd like to add a maxim to your list... 2.1) Always...

>a personal goal is to learn how to start to make larger trading >profits by expanding share size to the 5K+ type blocks... I need >to build my skill in this area.. anyone have any tips, eg how to >breakthrough to feeling comfortable swing large size? First of all, think about how...

DG2000, Two things really stand out to me in your 1st post.... >i've been trading for about 2 years. i've made money overall, but lately i've just been going nowhere to slightly losing money. And >i know that isn't much but i had to stick to my plan and sell... You are ahead of...

Hello all, I have been following this thread recently, though I'd add my thoughts to the mix. I have been in and around the chatroom scene for some time. Living in an area where no other traders exist, they gave me a nice connection point. A place to share ideas, and learn more about...