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So you trade Extended hours? :D

Everyone in that neighborhood is mega rich. About a dozen are listed in the Forbes 400 list. I used to live there in a 1.6 Million dollar house and people wouldn't hang with me because I was poor (rolleyes). My point is that people do find out. Real estate people have big mouths...

Top picks never triggered. So, 2 winners for $1,100 and 1 loser for $300. $800 profit which just so happens to be my daily average.:confused: Anyone take these trades? Mac

Tuesdays Fades (looking to Short) Too many today, 10. NASDAQ only. Don't forget FOMC meeting. HANS (be careful, short covering) UP over $4.00 OLGR *LOJN LCRD BIIB *FMCN CMTL *ISPH SONS (under $5.00) MACE (under $5.00) * = Top picks

Again, the editor said they had sources from all over. I highly doubt someone working out of their home or small office who was making big bucks would NOT be known. I have a friend in Hinsdale, IL (lot of Chicago traders live there) who works from his friggin mansion (20,000 sq ft home) who...

I only trade Intraday (daytrading). Very rare that I hold overnight. I'm actually averaging around $780 a day this year with my trading. My guess is that it would be higher if I stopped trading around 11:30. I'm going to post my Fades today before the market opens. Mac

I dropped out of College, along with Bill Gates.:D I retired at 40, not bad for a dropout.:cool: All my college friends are busting their tail getting cut constantly from their jobs and relocating. Maybe I got lucky because I dropped out? :confused: Mac

Oprah Winfrey said "It's not what you Want, it's what you Believe."

It seems to be the only way I make money. Why are you getting whipsawed? Stops too tight? Are you Fading Gaps or Trading the Opening Print? ECN's or Listed? Are you doing homework pre-market on these stocks? How do you decide what stocks to trade? Maybe you could...

I think this is the jist of my Problem. :confused:

I've never made less than $200,000 a year in any business I was ever in. I would honestly have to file BK-7 if I made less than $150,000, no joking.:( I have a nice house on the lake, sportcars (waiting for my C6 ZO6), 2 kids headed towards college, and I like to travel. Try and do all...

I'm not really Losing money over the course of the day because I stopped most of my trading after the open, LOL. I like the adreneline rush I get from 9:30 - 9:50, then the market seems to stop. I then force trades, overtrade, etc... I have a friend in CA who only trades the Open and...

I'm not sure if you were being sarcastic or not, but I try and keep my losses tight unless the darn market just blows thru my stops. I don't scalp, I usually look for .50 - .75 sometimes a dollar. Every once in a while a stock like HANS will run away and make me a nice $2.00 - $3.00, that's...

I agree that the Open is done by 10:30. I'm usually done by 9:50, I either made money or I didn't. I hang around if I want to still stay in that trade for whatever reason. I have better things to do than "play games." I'd rather have a Mistress on the side and play with her.:p She...

The Editor said the list was obtained thru their contacts in the industry. Their picks were based upon more than just money made. Consistency, verification, insider info from brokerage firms, hedge funds, etc... The list was not based upon Traders who made the most $$$. However the 2...

This is usually when most traders don't trade. Can I ask why this timeframe and what trade setup are you looking for? Mac

I do 90% of my trades at the open. Most of my activity is from 9:30-9:50. If I am still holding a postion I will wait it out until 11:30. At that point I will either exit my position or place my Stop Loss and take a break (lunch or workout). I make $$$ in the AM but not the rest of the...

The only way I could see this effecting IB is with higher rates. If as Don says, a lot of firms go under and there is a run on the bank then there will be less competition. With less competition there will not be as many discounts nor a reason to give one. It may effect Buying Power...

I understand this rule applies to ALL firms. Could someone tell me how ECHOtrade would be effected by this rule change? Will ECHO survive? Please. :(

Don, I noticed you did "NOT" include ECHO. Can you elaborate please? Thanks