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Among chessplayers there is a saying "Only the good players are lucky!" Whenever a weak player loses to a strong player he almost always says something like "Oh I was winning. You just got lucky when blah blah blah." The strong player just smiles and remembers the quote above.

Are there any advantages at all to Cybertrader? At what size level is it better to CT?

I'm a fan of Jay Shartsis. He seems to call tops and bottoms pretty well by using the put/call ratio. However, I think he was heavily short the past couple of days and missed the surge upwards. On the whole, though, he seems pretty legit.

www.wolfewave.com

the other day both SUNW and CSCO traded over 120M shares each. I'm not really that worried about volume running out. I can divide by 10 and I think we'd still be all ok. The hedge funds will run towards commodities just like they did in the 70s. In a deflationary environment (the only...

I actually wrote an email to Crabel asking him for the book because I couldn't find it anywhere. A week later his assistant wrote back saying it was $150 and I could send a check. Then she wrote back and said they were no longer selling any copies. Hard book to get a hold of! Check out his...

I completely agree with the comments on trading too big. I am now trading 1/20 - 1/40 the size per position I was originally trading. Its unbelievable how it changes the psychology. My volatility is much less and I am making much more money. Example: our system had us net short Wednesday...

I recently finished "How I Trade for a Living" by Gary Smith. Couple of questions: 1. Does anyone know how Smith has done in the recent bear market? In his book he always goes long and doesn't like to go short. 2. Has anyone codified any of his techniques? He talks a lot about them...

Just as important as your trading is knowing the correct places in Chinatown to blow off steam. After we put on the morning trades and are trying to figure out where to go for lunch some choices are: a. Pho Nha Trang on Centre St. - best Vietnamese in town b. Thai Restaurant on Baxter...

try this: a. each month start from scratch. set your equity line at 0 and your buy and hold line at 0. b. add the profits/losses of your system to your equity line, add the profits and losses of buy and hold (assume you buy the QQQs with your entire account) to your buy and hold line...

wealth-lab.com could do it. Just write the script, run it against whatever basket of stocks you want and it will show you the stocks that fit your scan. I've been using this software for about 3 months and I keep getting more impressed with it.

Has anyone played around with Williams' OOPS system? a. On a gap up, short at previous high b. on a gap down, but that the previous low. Hold for a day or two.

go to wealth-lab.com. You can write a 10 line script that will calculate every day the average ATR of a stock for whatever timelength you want.

I daytrade nvda on a daily basis using a breakout system. this stock is extremely difficult to make a long-term prediction with a short-term stop. If futures are even mildly up tomorrow morning NVDA could hit 44 by 10am and then may end up at 38 by the end of the day. Today NVDA opened at 41.30...

AA, i agree with you on the integrity of the system testing because I am using data from the close to buy at the close. However, with this type of system I am pretty comfortable that in reality it will not matter. With most Nasd 100 stocks there usually is no problem buying at 3:59:59 or even...

works a little better going short. breaks even. I havent read his street.com articles so I'm not sure what his qualifiers are. I'll try and check this out. Incidentally, his book, "Trading on Momentum", just came out about a week or so ago. I just got it so I'll check if there's anything in...

System: if stock is up 10%, buy at close and sell at market the next morning. I ran the system on a basket containing all Nasd 100 stocks. Time frame started one year ago today up until today. I started with $100K and allocated $5K per trade . Result: Winning trades: 36% Losing trades...

I used "Symbol Lookup" and typed in "pre" "nasdaq"

Everybody has a different opinion on this but I definitely think position size is more important than just about anything else, including stops. Whatever your average position size currently is, divide by at least 10, if not 20, and I bet your results and profitability will consistently improve...

check out ^QMI on Yahoo Finance.