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Look at today and the last few weeks. You would have made major money shorting tons of stocks that moves like 5-6-10pts in a day! If that's not enough for then I dunno what to say. It's all about how you trade. The only potential downside is that the volatility will died out if there's not...

Yoohoo.. Please tell us if this is the bottom... hehe.

Here's busy mortgaging his house to buy the bottom(s) for the last 3 week. It just gets better and better prices... hehe

Geez. Today on MSNBC, they were all sayin' all these Wall St strategists(i.e. jokers like Abby Cohen from GS and that other guy from Prud etc.) all calling dow 12000! geez. no capitulation yet?? maybe this is not a classic bear market? But I'm always wary when people say it's different...

Yep. This point about commissions I must agree. Floor traders, by definition, are mostly scalpers. And eventually will give away to pure electronic exchanges like what happened with futures in Europe. And no reason why equities wouldn't follow the same way. But b/c floor traders don't pay...

Well, I think ultimately it's up to how you handle price dynamics, risk, discipline, psychology, trade a plan,etc. In other words, a lot of stuff has to be mastered or internalized before it makes all sense to you. Having traded both, I can say, in daytrading, your entries and exits must be...

Nitro: Wow. Quite a setup you have. I've started playing with WL and seems stable but can potentially slow things down when you are backtesting a portfolio of like 500-600 stocks going back 5-6+ years. But other than that, it seems pretty solid. And they are working on potential fixes of...

Don, I trhink you bought up the bst part of being a trader. You don't really care about direction. The more volatility the better. It's just that you have to learn to capitalize on it. i live for vol! trader99

Well, I DON'T doubt TA's ability to help time tops and bottoms. In fact, several times I've nailed tops and bottoms of certain stocks on an INTRADAY basis down to within 2-3 cents!! Each time I was AMAZED! But then again, I can count many more times where I got hurt badly. So now, I only time...

I'm NOT saying this is or isn't the bottom. Who knows where it is. But my main point and only point is that it's POINTLESS trying to time the bottom or top. That's really shouldn't be a goal when you are trading. As an old trader's saying goes,"Those who say they consistently time tops and...

Lundy, I respect your opinions and all. And perhaps, you are right. Maybe this is the bottom. Who knows?! But in general, timing the bottoms and tops are next to impossible if not impossible. No one knows for sure how low things can go or high. But perhaps if you are in a superduper uper...

Well, that seems like a lot of extra work. But it's doable. I'm not trying to bash TS6. I think it's a cool platform and all. But I'm just saying that WL has all this built-in and will expand even further in the future.

I like to requote the part of the article that's relevent to traders on ET: "No stockbroker would keep asking a blind clairvoyant to tell them about future stock prices if they didn't believe I could to it," he said. Now, we know why Wall St brokers&analysts advice shouldn't be taken in...

Blind Psychic Gropes Buttocks to See Future Jul 9, 11:02 am ET http://news.excite.com/article/id/111270|oddlyenough|07-09-2002::11:06|reuters.html By Nick Tattersall BERLIN (Reuters) - Forget palm-reading. A blind German psychic claimed Tuesday he could read people's futures by...

RINA is hella expensive. Try Wealth-Lab. It's cheaper and does entire portfolio testing..

Unfortunately, Webvan went out of biz! hehe. But Albertson and other traditional grocers are picking up the slack. Wonder if they will deliver in the middle of nowhere... hehe

I've been using Wealth-Lab for a couple of months now and it's pretty good. I like the fact tha tyou can test over an entire portfolio rather than just a single stocks like TS. And they have futures support as long as you have the data for it. It's also improving everyday. 99

Yep! That's my sentiments EXACTLY! It's a perfect meritocracy and independence. Horray to Prop Trading!!! trader99

I bought WealthLab Developer 2.1 about 2 months ago. It's a great product which is continually improving as we speak. The backtesting capability are superb with sophisticated money management techniques built in or can be programmed. The language is WealthScript, which is a Pascal-basaed...

Yep. otherwise, his method will be just another system with average statistics of less than 50% right(or low win/loss ratio) and low profit/trade.