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Last night, I did something that for a trader, almost too embarrassing to speak of, I picked up a stack of news paper and looked at the Help Wanted section for a few minutes, wondered about the possibility of a potential second job. I didn't do this when I was losing money 19 out of 20 games as...

I have finally removed every indicator (with the exception of 200 and 50 SMA's on daily charts as a tribute to my mentor) off my charts. I will tell you my experience with some of the most popular day trading indicators and why I ended up going indicator-less like many many top traders at my...

Crazy Trader: I understand the part about longing something that has been on a steady downtrend and a big gap down, but I wonder exactly what is an ideal set-up. It just seems to me a lot of those are more or less gambling as the stock can really go either way after it gaps down . . . Can...

If I could have played this day again, I would have done what I always done everyday. The fact that today was a very special day given the circumstances tied my hands behind my back. My trading plan over the weekend completely blew up and I would have done much better if I just played whatever...

It is all over . . . the smoke and debris cleared on the virtual battle field. Hanging my head in shame, as my weekend plans were thrown out of the window when Fed. announced .50 rate cut, and perhaps even more importantly, when the firm announced that no one on Wall Street will have access to...

No amount of education can teach ethics, character, nor philosophy. Everyone has different perspectives and values, hence to teach it is pointless. Even if you have a PHD in ethics/philosophy, big deal, the only philosophy that matters, is my own. That set of parameters makes me who I am...

Think of this for a second, if you were in the towers when it collapsed, do you think anyone, except your family and friend will do anything about it? The COLD HARD TRUTH is, ultimately, your family will have to absorb the damage, both emotionally and financially, by themselve. Your death is...

Crazy Trader: Yep, I haven't started looking at the damage of telecom networks yet . . . Roger2: They can squeeze all they want but at some point there will be a massive move to the downside in those sectors guaranteed unless it gaps down multiple points of course . . ...

Long: Gold, Oil, Defense, Construction Short: Airline, Insurance Here is the list of every single stock in those sectors, NYSE, $15 or higher, 100K daily volume or more. Sector trading coupled with news catalyst has been one of my bread and butter set-up's. The key is to avoid first...

Trader58: I understand the emotion, but there are far more productive ways to help the country than staying away from the short side. The market will do what it will do, the country will do what it will do. Make a killing when the market opens, donate it all to charity...

I am preparing a list of insurance companies to bullet, and a list of defense, gold, and oil stocks to long. I am going to be looking for second tier names and possibly third tier as when the market opens it will be very very violent, you do not want to be in volatile names . . . If you...

I am fine, our office is near the south seaport, beautiful views and besides dust, smoke and debris everything is ok. This is something I thought I will only see in movies, people running everywhere in panic, and when the two towers collapsed, it was stunning . . . something I would never...

Serious setback today as I churned a $200 deficit from lunch time into a $900 deficit. Had a very bearish outlook going into the game and the entire afternoon I tried to short and long and just got nowhere . . . REDUCE THE AGGRESSION, a huge alarm today, this market is better than August but by...

Monumental mistakes turned what should have been my first 4 digit game in a month and half into just an average game. After a sizzling open I did not short into a total bull crap squeeze and missed a huge move to the down side. The afternoon saw me cutting winners short and holding on to...

I don't know, a stock like DNA you can easily lose half a point on no matter what, and a stock like GE it is very hard to lose half a point. Sometimes I want to take a position but I know I am way early, I would just get say 300 shares and see where he fills me etc . . . In a volatile...

This morning I opened the game with a 1 point trade in IRF, I really thought it would be a huge day for me. Unfortunately, that happened to be my only meaningful winner in the morning. I went way too aggressive in a choppy market and I missed shot after shot. If it weren't for a total lucky...

I take positions depend on the size of the current BID/ASK, the strength of the market/index, and what I feel to be the probability of the trade. This is further skewed in by the volatility of different stocks. It just happened that I traded bigger positions in the first and last hour (which...

After going 15 for 25 and still managed to lose the game (something I didn't imagine possible), I have one question which is probably the hardest of all in day trading: When do I take the scalp and when do I hold on for the ride? Obviously, there is no easy answer to this, or we will all...

Yet another volatile day, except it was choppy during the first and last hour, smooth as silk in between. This was the most frustrating game in my career given the 15 for 25 shooting percentage that should have guaranteed a victory. Instead, my best trades turned out to be my smallest...

Finished modeling for our house last night and I was very tired this morning, fatigue took its toll as my brain lacked the energy it needed to be up to speed in what should have been an awesome opener for September. If this is the way market will perform throughout the month then we are...