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i dont know how we got off on the whole ZERO SUM thing. but it may be an eternal debate to settle over a cigar and a glass of Oban single malt next time i am in the states! I still say negative sum... make a $5,000 investment, pay $20 in commission=$4980 right off the bat. you start at a...

unfortunately, hard work does not make you money in this buisness. I do it part time as a result...i am an institutional bond broker full time..and i have mutiple licenses and have been in the market since i graduated college...so i understand how some of this works. With $5k leveraged 5 to...

risktaker is being a jackass...but he has a good point. if $5k is all you have..dont take it to the market. you will get burned, and it isnt fun losing it. most people lose money at this game. let me ask you this 1. how old are you 2. what is your backgroud 3. what is your profession...

the statement is dead on. we do all get what we want out of the market. some people want excitment some people want to say "i am a trader" some people want to live out a movie life some people like to play with the numbers and formulas some people want their own business some people...

i dunno. granted, fund managers are trying to get more funds to pad their pockets....but some key element have happened to where i am no longer AS bearish as i was. the key thing inflation being under control. unemployment is unser control, and consumer confidence and spending are increasing...

i would use a MACD or a triple cross over. they tend to be profitable during trend, unprofitable during sideways movements. I use bloomberg backtesting, it shows P^L for a set of parameters. I would like to find a good backtesting programs i can use at home. If you dont have the software...

i concur, there is an H^S. i get a bearish signal on the 14th from a fprofitable DMI as well...but the signal was missed..i would just get out of the trade and formulate a strategy for the next entry. Hoping it wil hit 130 is sure to make to broke very quickly.. good luck.

You sir, are an a$$ hole. i agree 100% that the secret in almost any business is discipline and organization, and managing your cash flows well so you dont go broke. You want a profitable strategy? you have been on this board since 2004 and you still dont have a strategy? man that should...

why did you buy? what was you indicator? looks like right around 128 was a support point...which means if it broke that support you should have sold immediately. why do you think it will hit 130? where did you set your original stop?

regardless, you should always have a stop. I reset and recalculate my stops at the end of each day. you realy need to have a volatility measure to be optimize the use of your stops.

i also saw it testing resistance. i shorted it as well today about 2:00 central time.

If i follow you, sounds like your approach is mostly fundamental with a strong "increase in volume element". not a bad way to go. I dont care to know your exact methodology...for obvious reasons that it didnt come from my breain....but what screening program are you using please? If i may...

I read threads here about people blowing up their accounts on a pretty regular basis in some way or another. I know in the "market wizards" books, many of these guys tell stories of losing everything while they are amateurs...and then having big setbacks while they are professionals. I...

they blew up company money or their own money? i think the question is "what are the firms looking for in an employee". Dare i say any employee that loses millions of dollars of company money or client money will be on the chopping block if it is directly their doing. Would you really hire...

many times people get the inital interview at the big firms becuse they know a trader that is already there that has referred them. Someone internally often fills the slots with a referral before resumes are reviewed. lots of times it comes form the competition.

are you serious? I would say the opposite 1. lack of track record...clean slate so they havent picked up habits that the company doesnt promote 2. experince...yeah, but only if it is with your major cometition to be able to offer insight . 3. Never blown up. twice means they dont...

I think the criteria they have is just about right. Real institutional traders are dealing with millions and millions of dollars and multi-million dollar accounts. the candidates need to have a long track record of working very hard in very competitive environments and suceeding. They...

Bloomberg is for news, CNBC is for entertainment. CNBC is designed more for the cronic gambler. I turn it all off. i trade better without all the extra "information".

i am beginning to come to the conclusion that NO SINGLE indicator, be it fundamental, technical, intraday, tape, Whatever...can be used alone. furthermore, each security has its own behavior which is constantly in flux. Last week i started to see that no sinlge moving average criteria...

i was also shocked at a lack of a rally on such good news. i am looking for a continuation of a samller rally in the beginnings of january. after the first couple of weeks, I expect a decline. But right now i am flat. I relly dont understand what is going on at the moment too illogical.