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I agree with you. It's not worth it scalping against the trend, for me causes too much slippage and lost mental energy. I find it difficult to predict if a day will be a range day or a trend day. Personally I trade the next daily bar with a system based on if the prior day was range/trend...

GOOG sure looks poised for a breakout. Maybe Funds running into a "safe" bluechip?

If the job is that good why quit? Just put on swing positions from work or trade it after hours. FX is 24/7. :confused:

you can follow the rules religiously 99% of the time. It's that 1% of the time when things go off the hook that needs to be planned for. Crazy business to say the least.

well I'm thinking I'll cover my YM shorts at 10,000. Unless oil goes down below 55 then I'll cover sooner.

Hard to figure out where the $ will come from, mostly benefits to retailers. think RFID in each coke can and toothpaste to track consumer behavior. RFID will be commoditized and not much $ in the manufacturing. imo the $ is with those who hold the key patents in design and software. UNA,ZBRA...

imo oil is toppy here. It'll trend down. $65 tops if it can ever hold above $60. About time the mkt started acting rationally.

ADCT, AIDO, ALAN, ADSX, AXSI,CKP,DOC,EMRG,G,HEII,IDSY,INTC,PHG,MANH,MWV,NPCT,SCSC,SUNW,SBL,TXN,TYC,UNA,WMT,WJCI,ZBRA. List is across the board, covers chip manufaturers, designers, software and retailers that are in forefront of RFID.

Related to organized crime and I can safely assume stocks you are referring to are all OTCs. During the dot com days these same types were involved in "death spiral financing" schemes.

follow up comment on spikes suggestion. Try this simple exercise, I use it everyday before starting my trading day and it works for me. Eliminate all distractions. sit calmly. Concentrate on your breathing. Now count your breathing back from 21 to 0 (this is a quick way to enter your...

Wyckoffs observation 70 years ago about wall street still holds true today. "More money is made on Wall St. from Commissions and Selling opinions than is made from actual trading profits". used to be NYSE market making positions were handed down from one generation to the next, because before...

Well it sure seems to be a global trend in Democracies. Incompetent Village flat earth idiots seem to be dictating who gets elected into office. Idiots elect other idiots who beget corruption and idiotic governance. What else do you expect from illiterates who think humans walked with dinos.

OPEC does what the oil financed power brokers that control US politics want. OPEC is a useless front organization that is used as a convenient scapegoat. Notice you did'nt blame the "arab producers" but you blame "OPEC". Who is "OPEC"? Interestingly enough, Gas prices doubled since an oilman...

Analogy: There is a massive supply of wheat, and more massive amounts being harvested. Lets say a new govt. regulation shuts down 50% of the bakeries. Therefore we can reasonably expect that since less wheat is being processed to make bread, the price of wheat should actually *go down* and...

LOL!! ------ Excerpt: Bogle's reputation was built on low-cost index funds. Active fund managers hate index funds because there's not enough "vigorish" in index funds. For example, in 2004 the $101 billion Vanguard 500 Index Fund (VFINX: news, chart, profile) received almost $180...

4 years and not profitable? geez. Try starting a daily trade journal. I'm certain you're repeating the same mistakes over and over again.

I think we will see a downtrend starting sometime next week. Among other indicators, the weekly NDX is working on it's right shoulder. But then again, never underestimate the power of a stupid herd. If you stand in the way, you're liable to get trampled.

I use a derivation of Darvas box system. Only I buy at the bottom of the box and keep a 3% stop from there. When it reaches back up to the box, sell 1/2 position.

I'm thinking of getting an MBA and moving to Shanghai myself. Please keep us updated on how your move goes. Good luck.

That system used to exist. It's called Communism. :)