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i used to be a recruiter part time trader...and a bartender at night. It paid off.

Not being critical...but sharing some experience. fundamental analysis flys out the window during down cycles. Rememebr the thing that drives price action is money flow. therefore the only thing that can drive the price up is large amounts of institutitonal buying, right? your company...

"Do not, ever, go into debt" I disagree. there is good debt and bad debt. Good debt can give you leverage to make MUCH more money. OPM...you know. most of the greatest business men of al time have large amounts of debt. now...credit card debt and buying a flashy new car...you are...

1. Time is more valuable than money....absolutely. 2. TATBO-"take all the bastards out!" means dont be a door matt,dont put up with B.S. if you dont have to. also work your ass off. 3. "bang as many chicks as you can while you're stuck in this place"- some movie 4. take risks. When you have...

when the market has a mood swing, often times your old strategy doesnt work as well. which justifies three important things in trading 1. keeping your methodology siimple 2. having more than one methodology. 3. Starting out with risk control as your #1.

listen man...you wil NEVER EVER be good ay anything unless you really love it. it sounds stupid becuse it is so overused these days. When you work in something you dont like, and go back to something you do like...youll understand. Ill never be good at baseball, religion, engineering, or...

or if you happened to like finance maybe?

I just looked at the options pricing on that thing...WOW. It was around 40 a few months ago. now that the price is $5...there are puts worth $35.... Can you inagine buying puts at $1 and selling around $35? if only i had a time machine.

I am a bear currently, but since when was the IPO price statictically significant? If you look at real innovate market leaders, they dont tend to take hits like that. MSFT dropped by half for instance. i dont undertansd the argument for goog going to 85

Bylow is right...awful fundies and it is in an overall downtrend. but technically looking at the daily/ weekly chart, we may be seeing the beginning of a new uptrend. If it breaks through fridays high...i may initate a short term trade there.

what is trading bot? -2.9? could be worse. but i would be willing to venture good traders cleared 10%+ this week alone. I made 7% and i have been in cash since wed.

when in doubt..sit it out.

i want to bump this thread just to show people what happens when you are in denial.

IB is much cheaper...but the floor is more fun.

nice shirt...no pants.

nah...the trend is your firend...dont fight the tape and it shouldnt be scary.

Yoda- The market isnt an indicator game or an experiece game.. it is a competence game, a mental game, and most importantly a profitability game. We have all hit our relative bottoms at any given time. I lost my job as a trader in 2001 (at the age of 25)..like so many others. . I...

Stony- kudos man...you are thinkin! bbbuuuuutt. I didnt see a v bottom today. If it had been, i would go along wiht it...even though i am a bear for the time being. a v bottom is when the pulback period matches the drop period but the inverse..or gets pretty damn close. what I saw...

It is possible that some may be faster than others...but we are talking very tiny margin of difference. Overall i have always noticed price action in charts before news hits the wires. I assume this is becuse it takes a few seconds to convey the news, type it, and send it out.

so point wise it was in the top 10...not percentage wise.