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I completly agree but that might be the hardest pill to swallow since you start thinking about all the stuff you could have bought with the money you just lost. Just try to make one successful trade with a small position size to reassure yourself that you haven't lost it.

He might have forgot that is is a bear market. Your chances are better for a big down day. :p

I have been through this exact feeling a few times and looking back I have handled it pretty well. If you are like I was, your confidence is shot right now and you need a few winners to get confident again. Trade very small sizes and hit some singles again. It feels good and you can increase...

Up 130% last year. This year I am down 3% after being down as much as 10%. I am clawing my way back after a couple of bonehead trades(VMW) on the long side and (AMZN) on the short side. Losing money is hard to swallow since I have been trading for 10 years. I still feel like I am learning...

You scalp anyway so it doesn't really matter anyway, right? But since I am not a troll( a troll is trying to get a response) I believe the market will rally and will fade.

Wouldn't that be info overload? Keep it simple stupid works for me in trading with only a few markets with CNBC/Bloomberg in the background. It does look cool though.

I would have to agree with this. Not that there is anything wrong with college kids but they can post their raw raw stuff on Yahoo. Most of the successful traders here won't offer anything of value because it won't be taken seriously. Why bother? The software reviews have been useful however.

I trade stocks and ETFs. I have thought serioulsy about trying E-minis and forex but some reason I just stay with equities. I usually trade hourly charts but use shorter and longer time frames also. Now I have started trading Ultra Long and Ultra Short EFTs. Why do you futures traders...

SteveD said that he wouldn't buy oil right now with that info from T Boone Pickens. He didn't say that he would short oil. There is a difference. I guess it is easy to magnify your point by changing the facts.

Great thread.

It cracks me up when the bulls and bears make such emotional posts. Calm down there. Everything will be alright.

This stock just hasn't been going down with this latest market sellofff. I wouldn't be surprised if they blowout on the upside.

I have a small business that allows me to trade full time so nobody but my family knows I am a trader. When I tell people I trade stocks they usually believe that it is only temporary and I will eventually get killed.

So you are saying that charts don't have any predictive measure? Everybody who has followed a trend on a chart knows that charts work. The charts are telling us that something is wrong and a rate cut won't fix it easily this time. The only concern for the bears is the a/d line. It looks to...

I use both IQ Feed and Amibroker every day and would highly recommend it. Amibroker is very good for the price.

I watch the advance decline numbers every day and there have been 4 or 5 massive down days in this decline with over 2000 net declines. You just don't see that very often. So, yes, this correction is different than the other ones on the past couple of years. Of course, if the market were to...

What is your source? By 'amateurs' are you referring to everybody here on ET? I would say the real amateurs are not traders. I would say that most are buying the dips.

All it takes is a click of the mouse to close out a position. You don't have to be married to your short to make money.

We aren't talking about the distant past are we?

It is also a short kind of stock. You short it and a few days later you make money. What can be easier than that?