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OldTrader, I can't argue with experience. As I said, time is what sorts out all the crap. Looking forward to your posts. It would be interesting to hear your thoughts on the changes you have observed since online trading became so popular, and how you have compensated for the change to...

Gordon, I'm not trying to get into trading 101 here but, it's a fact that alot of people are looking at these indicators and act on them like all these book gurus told them. That's what makes them work. I'm a techie and I admit it. Trading is something that develops and you have to have...

OldTrader, I think you might have a different perspective on this if you ever happen to be holding a long position and it breaks through the 200 MA.

Carol. Go to www.scottrade.com and sign up for their free feed. Then, go to www.medved.net/quotetracker and register for their free service. This setup is perfect for a beginner.

You can find him here: www.tonyoz.com

Anybody got any thoughts on our newest members name?

TAfool, that's funny. It has a hair-combing effect if your speakers are turned up.

I agree with you Robert. I had to suffer a huge loss to learn that-- Now, If I make a mistake, I'm OUT. It makes more since to go on to another trade.

I think this thread is as good as any to say that I want to thank all the authors, Tony Oz, Toni Turner, Davis Nassar, Steve Nison, Alan Farley, Linda Raschke, Laurence Connors, Oliver Velez and Greg Capra, etc., etc., etc. for writing your books. Y'all have made my job easier by teaching so...

I agree with the remarks on this thread that there is not a Holy Grail-- at least I haven't found it. However, I don't agree that technical indicators are useless. For me the advantage of technical analysis is that it shows you what a stock has done in the past. Support and resistance is an...

I personally only trade NASDAQ stocks that are over $10 and have a daily volume of at least a million, which is quite a few. I tried trading one stock for a while but found I was missing alot of good setups.

I agree that taxes are a price we pay for civilization, however, some of us carry a heavier tax burden than others, and relatively speaking, it is unfair and unjustified. I have been self-employed for 25 years and would like to sell my business. The only problem is that I will have to pay 1/3...

dotslashfuture, I agree with you that candlesticks need to be used with other indicators. My setup is: (1) to trade in the direction with the overall trend of the market, (2) to look very closely at the volume that correlates with the candlesticks and (3) to confirm my entry or exit with the...

I use daily candles on a two month span to find my setups. I then look at 5 min. on a two to five day span to get a feel for support and resistance. I then drop down to one min. candles to enter my trades. After I'm in, I go back to 5 min. to monitor my positions. Needless to say, I can't...

permabull, If your so sure, why are you posting? It appears to me you need someone to agree with you.

I can't speak for anyone but myself, but I started having more winning trades than losers after reading Tony's books. The statement made about learning what Tony teaches for free on the internet is possibly true, but good heavens, it would take a long time just to find it and even longer to...

"i promised if they ever put those HUGE icons from the toolbar on a diet that i would never complain about anything ever again" Qwiktrade, Have you ever thought about unchecking the show icon box and just using the show text only in the toolbar setup? That's what I've done and it works...

Nemsy, My calculations are for the daily average. In looking at each individual trade, his returns are: 1.6%, 1.2%, .06%, .008%, 2%, 1%, 0%, and 2%. This is an average of 1.18% for the eight trades. When you back out his commissions, which appears to be $460 from his post, the average is 1%...

Kastro_316, One of the key factors in how much you make is how much you can risk. Example: Seanote (who I think most here on ET would consider a highly skilled trader) traded, according to my calculations, $621,845.00 worth of stock today. His total earnings was $7,165.00-- all...

My trading style has definitely changed; and, to me, it's just the process of conforming to the current market we are given. The uncertainty in the market since 9-11 and going to the decimal system has increased the risk in each trade and made it more difficult to have any big winners...