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I do trade the news (after the news) based on my analysis. The ones I regret are the ones I do before I read and digest the news. It is part of my style which on the net makes me money. If that is gambling, why does support/resistance not qualify as gambling? can anyone bet that any trade is a...

Are you a clairvoyant?

With my average trade being 5000 shares, I have a saving of about $30 for a round-trip. That beats the interest in IB after about 150 trades. Maybe if and when I decide to add futures to my trading, not now.

Weekly Update for week 35 ended 10/26/2007 Disappointing week. Not because the net result (+17K) was bad, but because I lost an opportunity to deliver a stellar result through sloppy trading in the last one and half days of the week. I probably let my earlier gains get into my head. On...

Thanks all for your concern. Like I mentioned, the key for me is cutting off the blunders (trades that I make which are violations of my well-defined strategies. My average size is consistent with the drawdown I anticipated when starting this thread. It is the costs due to bad habits (averaging...

You mean you lost more than 37K on a balance of less than 163K in one day this week? Ouch, that must hurt. Sorry to hear that.

Without having to disclose specifics, my best profitable strategies are contrarian in nature. The right set up has not happened much in the past weeks as the market seemed to move only one way. Hopefully with the return of volatility, and more normal range markets, I could start picking good...

Weekly Update for week 34 ended 10/19/2007 Horrible week, down 37.7K, marked by deep losses chasing momentum using options. Lost 76K through this strategy (calls on momentum up moves) this week. Now I need to program it into my monitor NEVER to allow call options on a momentum up move!!!! The...

Shorting these things just before end of year does not make sense in my view. I saw BIDU as overvalued two years ago with it at about $80 when it was selling for forward PE of 100 soon after it came public. Now guess what the forward PE is? It just less than 100 (next year estimate is 3.80)...

I guess you caught the wrong disease. I wouldn't short DRYS and not in this run-away bull phase. DRYS has a forward PE of 12, and the earnings is expected to be 40% higher next year. That is hardly a short candidate. I am just wondering where the buyers were when it was $13 (52-week low). And...

Quotetracker provides APIs that interface with Ameritrade. I learnt now that Ameritrade provides its own that bypasses Quotetracker (albeit Quotetracker is now a subsidiary of Ameritrade).

Weekly Update for week 33 ended 10/12/2007 An OK week (up 13.7K), although with lots of activity. The principal plays came from China as well. On Monday made 14K buying the puts on LDK after that very negative barron's article. I was however burnt by the fake rally in CTDC on Monday. Came...

Looks like I am going to wait for ever for this market to pull back.

If you were long, you would be excited

Thats OK. I've been watching that stock for sometime now. Unfortunately I do not hold multi-day short swings, certainly not in this market. I only do intra-day.

Economists have a concept called Utlility. It is the power of an article to satisfy one's needs. In your second example, for low-income or middle-income person ( with less than $1m in net worth and less than $100K perannum), the utility of a certain $3.4million is certainly worth more than the...

Are you aware your signals all took place on the same day? Yes, I believe any good trader knew that day was climactic, and you could have bought just about anything and made money in the ensuing days. Why not present something that happens more than once a year?

Looks like all the folks here are chart readers. Where is the gut-feeling that is borne of experience that cannot be expressed in just price action? And how will the effectiveness of these set-ups be verified? Can any TD&H just put up technical mumbo-jumbo that cannot be objectively tested and...

Unfortunately I do not think they have the ability to put a % stop loss automatically. You will have to do it manually. For such rules, I rely on my positions monitor to place necessary trades (although I am still evaluating how much stop loss saves me vs. costs me through needless exits). It is...

Glad to see you had a strong September. I also had a strong one (I think about +50%) in the account I maintain for my wife at IB. It is a long stock only account I trade on a swing-style (average duration one week). At any point in time I have two or three stocks, using normal overnight leverage...