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Here's an idea...let's all SHUT UP, get more money into our accounts and TRADE PROFITABLY...then we won't have to fill up 20 bazillion pages of "PDT sucks blah blah blah, i only have 2k, i can't get above 25k blah blah blah, SEC sucks they won't let me make money blah blah blah" YOU are...

1 monitor. I think as a newer trader it is wiser to concentrate. I can't concentrate on more than 1 stock/position at my stage of development...maybe as I improve I will be able to and want to carry more positions...resulting in a move to more monitors/meatier datafeeds/multiple...

was with scottrade...probably sufficient if you're a long term trend follower or even a multi day swing trader...but those $7 and $12 commissions really add up switched to IB, have had no complaints. When and if I become a hard core day trader I would move to trading at a firm. using a...

I would like to re-emphasize inandlong's above post... planning vs. reacting scaling vs. averaging down If it is a part of your Well thought out plan to scale in on a position that is moving against you with the intent that at some point further down you will STOP your scaling and STOP...

For your situation I would recommend buying houses below market value, renting them out and retiring completely. You should be able to completely retire by the time you have 100 houses (could take ten years) if each house provides 100-200 dollars free cashflow per month. But of course you...

ok thanks, that makes sense

I opened an account with Ib, now my question is about market data fees. Under the subscriptions page: Non-professional US Securities and Commodities Exchanges USD 10.00 (Waived if monthly commissions > USD 30.00) So i just logged into TWS, typed in a ticker and get the message "not...

I AM A DUMBASS. I misread....so you have 15% profit on 53 "consecutive" trades

mrmarket, the people here are not, generally speaking, the cretins found on other message boards (i.e. aol stock boards). I would not be flaunting around 15% profit since january 2001 (you DO realize that is almost 2 YEARS?!) especially considering that not all of your p&l is calculated on...

You are going to lose money in the beginning. Everyone does. You might bleed for 6 months, 2 months, 1 year or 5 years... The only people who don't are the ones who trade too large for their account and make 1000% then lose it all next week. Trade until you have a 20% drawdown in your...

I tried shorting ERTS yesterday through Scottrade and it said no shares available "please call blah blah for assistance" How do I find out what stocks are available for shorting, does anyone think scottrade would send me a list of shortable equities if I send them an e-mail? would have...

You must have 3 things. 1. You can get the money you need to trade easily enough. 2. You can get the knowledge/psychology from reading books AND looking within yourself. (Van Tharp material). 3. You can get the experience you need from trading, looking into methods and systems...

Posted by WDGann, "OK, I'm done with what was pre-occupying me. Yes, I'm a native tongue(correct spelling ). The topic in detailed form would be. Because we tend to separate the psychological aspects and the technical aspects. It would be nice to discuss about the relationship between the...

"Ahh...the naivete of the inexperienced. I was bright-eyed and had visions of mansions and Porsches and Easy Street when I started trading. Then I learned the truth and hopefully you will too! The glory days of daytrading died in 2001..." folly and misfortune!!! Yes i want to make a...

If you make 3 million dollars trading and put it all in bank accounts earning 1% uhh that's a nice yearly salary for doing JACK crap. I'm in my early twenties, I have zero desire to work for anyone else. period. In the end financial freedom is all about PASSIVE income. Trading is active...

Make no more than 20 trades a day If you start out or at any time have 3 consecutive losses..quit for the day If you have a greater than X amount of loss on one trade...quit for the day Lengthen your time frame, reduce your size, increase your stop. Move your stop up when the trade...

Come on MAN you can't hold out on me MAAAAN!!! "the first one's free they said" Optional, or anyone else, you HAVE to post more funny cnbc pictures, i'm dying here!!! If I had a tv tuner I'd do it myself but this is just too funny to let die.

to go along with what dotslash just said... I'm new to the market as well, however before I began trading I read some books. I knew I needed to learn how to avoid losing it all and what it would take to make money. I have done both. I know what's needed to make money and I have not lost...