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That's correct. Scalping for 1 or 2 cents while being exposed to the potential of a $1 gap against you is not clever.

Actually I have made more money shorting than from being long this year. So I don't know what you are talking about. Yes I only hold intra-day or overnight ( 1 day).

Buy RIMM on any drop from these levels. That will pay off

All of the above plus more. Fundamentals and quantitative metrics for my multi-day swings News (mixed with fundamental opinion) for intraday trades Momentum/Contrarian (a little fundamental knowledge of the stock helps) for intraday and overnight as well Something else? Buy credible...

The important thing is that individuals are acting out their free-will: the individual who is long the stock and does not want to sell cannot say he lost out; he always has the option to sell at anytime. The one that shorts is simply acting out his conviction as well; it may work or it may not...

I do limit orders. Of course if it is not a very liquid option, very likely I am paying the market maker the spread (bid/ask). Normally the option has to open for trading, and I see the quotes before I place an order. It would be very unwise to play a market order pre-market, or even a limit...

What are you trading, and with what leverage, that a couple of days brought you down from +147% to +65% (down 34%) ?

Weekly Update for week 22 ended 07/27/2007 The week is quite good. Realised a loss of 3.4K on an automated trade carried over from last week. That was the only automated trade this week as I attempt to address a software bug; the recent lacklustre performance there has not encouraged me to...

And by the way, if you received a PM on ET, the username must be known. Have you reported this to ET. They can certainly drop the user and report any useful information (including IP address origination) to the authorities.

I think they would go out of business if more people watched segments like that on CNN or on the web. Unfortunately most Americans place less emphasis on being informed, and watch only American Idol and Deal or No Deal

Thanks for expressing all that fear about a blow-up in my account. I would start by asking: what do you define to be a blow-up? A 50% draw-down? 90? 100%? Running the account to negative? I mentioned it near the start of the thread, and maybe I need to repeat: I dabbled into the market as a...

Have you forgotten that chance works both ways? If some of my gains are due to chance, why not say the same of some of my losses? I think I have elaborated it enough, and given you scenarious based on risk/reward expectations. My aim is not to have the "smoothest" curve out there; if that is...

Here are a few more hot ones - not on Nasdaq, and some are foreign based. If you like playing ADRs and Brazil then go on: ACH AL BGC BRP BTM CMI CNH CTV FCX FRO GGB LYO MDR NOV PCU RRI SGR SID

Hey, that would basically take me to near the beginning. That is not my intention. I would like to build up my account balance. It is then making the big dough each month will become routine. Why would you keep taking out all your gains, to be stuck in a low-level playing field? Unless you think...

I have also used Ameritrade since when it was Datek (since Dec 1999). I am aware their execution is lousy. I know this because I have an account that I trade automatically, and my wife's account at IB which I trade using the same software. My order to Ameritrade is fired by my system a second or...

Yes, some of the methods (especially automated trades) involve overnight positions. I do hold 30% of my option positions overnight as well.

Weekly Update for week 21 ended 07/20/2007 This is an OK week, although very disappointing on the automated front. Autotrade1, a normally slow and steady performer, returned a stunning loss of 22K, all 6 trades were unprofitable. The new Autotrade3 was also unprofitable: part of the reason...

Did you try simulating with a bigger leverage (50%,100%, 200%, 250%). I think 250% is the optimizing leverage - with a huge drawdown

Funny. Looks like a quarterly trend. Hopefully the next leg is not to the downside as suggested by the graphs

Weekly Update for week 20 ended 07/13/2007 Spectacular week! I guess the right words to describe these past two weeks in the market is MOMENTUM MADNESS! I was reluctant to play it much until this week. Almost any stock with any quality that starts the day up finishes the day even much higher...