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weekly daily 60 min 5 min need to see the whole picture

First you need learn to trade yourself without the automated system IMHO. Once you pay your dues and learn to become consistently profitable (for a year or more) by manually trading with real money you will likely realize why your automated system isn't working. Books can't teach you emotions...

Incorrect, RAID 5 only needs a minimum of 3 drives.

who cares, you got your whole order filled at the price you wanted.

I was thinking something a little broader like HGX puts when I read this earlier. It likely will cause weakness across the whole sector and you wouldn't be gambling on a single stock.

This thinking I never understood. In a falling market why would you want to try and pick the bottom on a 'strong stock' when you could change your focus and look for good shorts instead. Then ride them down with the rest of market and take the easy money. When the bleeding is done those...

Days like today are what some of us traders live for. Up over 4% on my account today. Let the bloodshed continue.. :cool:

I'm probably going to sit and watch for the first 30-45 minutes to see how the cards fall, then pick my plays. I'm not going to try and play any predictions as thats gambling in my books. Either way I'm pretty sure there will be enough volatility to capture some nice intra-day moves.

If you're scared of shorting why not think about buying puts instead. At least you can define your max risk.

Yum has over 33,000 locations around the world, someone sees a few rats in one restaurant and the market erases 260M in market cap. I'd say that's an over reaction and I added some calls on the dip today.

This is what did it for me. once I started sticking to the rules with my money management the profit fell into place. Good setups are easy to find, properly executing them is the key. I kept trying to hit home runs and had trouble cutting losers because of this, and averaging down losing...

Trade what you see, not what you think. As long as you use sound money management it won't matter if/when the correction comes. My bottom line improved once I stopped trying to guess the market moves. cheers.

They still can not build houses fast enough here in Calgary. The pace has slowed slightly from last year (huge record year ~60%)although most are predicting 10-20% mininum increases again this year. Many houses are still selling at or above the asking price. I bought my current home in March...

Last 6 months take averaged out to about 0.41% daily of total buying power using the midpoint for buying power since it increases along with account size. cheers.

One other lesson that cost me A LOT of money to learn - NEVER add to a loosing position. I never double down on loosers hoping to lower cost base, even though once in a while you could get lucky most of the time you end up losing more. And in the mean time you've tied up a bunch of capital...

My day trade stop rules: First make sure you choose a stop price (according to your trading plan) before you enter the trade . Then once you enter a position send an order through for your stop loss right away. Never change the stop price on a trade going against you. The only time a stop...

I with you on oil, and I also own some HOFF. Also long USO, PCZ, CNQ, and bought some SU today on the dip. we'll see how it plays out. :)

Seems almost the whole world is short and/or bearish on housing here. IMHO when everyone leans one way the boat flips over. :eek: I am already long a couple of homebuilders and a building materials supplier. Likely add a couple more next week depending on the market. This does not mean...

I Apologize I misunderstood you. When I look at the chart I see nothing but strength. Price spiking on higher volume, after a short lower volume consolidation period on daily chart. Long term healthy up-trend as well as analyst upgrades. Today's chart shows strong EOD rally right up to...

I'll be there watching.. :cool: