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Here is a failed short on the pivot entered at 12,282 which is just below the pivot reason for the entry - it is the first retracement after rising through the pivot and it is 1/4 the way down to the midpoint expected cover -- 12,232 --- 50 points and 250 bucks per contract note -...

my really dumb buy of 100 shares of BSC in Dec has finally caught itself up ------- its green now and whatever else happens I am not gonna be tha kind of dumb again So the last one still hanging - in the 'never take a stock tip from a stranger on the Internet' category is..... the...

up $80 bucks faded the opening gap for 380 then gave 300 back learning how to set stops around pivots --- 'learning means 2 losing trades - 1 short , 1 long' pivots is harder than gaps p/l is littered with cancels - cause I am still figuring out how the tos order system works...

I much prefer: "He who sells what isnt his'n.... Buys it back or goes to prison" :-)

3 trades up 100 bucks moderately expensive education today up 400 on the opening gap then spent 300 of it back on 2 trades learning where to set stops around the pivots obviously didnt learn much since I lost on 2 trades - 1 short 1 long try again tomorrow....

agreed - I also suspect there are alot of good setups out there --- one simply needs to do the research - understand the mechanics, understand 'why' the setup has a good probabity - then work it in the end Im just a blue collar guy hiding out in a white collar world heheh (saw the...

+$3800 on a 10K trading account in Jan

and of course --- for the folks who were not around in 2000 google, apple and Research in Motion - not to mention Garmin - look like sure things -- good idea to load up during the current dip heheheh

ah yeah - them was the days SUN at 60 Cisco at 80 EMC at 70 any my personal favorite - RMBS at 90! lol

As you probably know from my other posts - Im a novice (I promoted my self from newbie this week) My own 2 cents - and thats all it is: I have spent the better part of 4 months analysing, testing and mainly reading --- and started trading with real $ YM intraday in January. Mainly working on...

I agree with everything execpt the paper trade part Cant really understand your own tolerance for risk until you put real bucks on the table

I always follow them but I don't actually read them because they have so many big words

Ive been trading intraday for abou 6 weeks - so you and I are in the same boat as far as the time spent. Out of curiosity -did you have a particular setup on the WM trade? Or did you short it simply because it was in a downdraft?

not in a couple days I only trade YM

awsome gap if they do cut rates Im not gonna bail out of it this time if it happens

hmmm .... You know, Osama bin laden is a pretty tall guy I wonder.......:)

looks like a decent HS top in a market where techs are getting killed if the stuff wasnt >600 bucks a share I would try shorting it too

I have come to the conclusion you need to recognize how much you plan to lose on each trade and then make the trade assuming you will win it so emotionally that is neutral as long as the loss side is capped - sleeping at night is easy

I agree 100%. And the US did not create this bastard. He invented himself and its up to us to rid the pest

Actually the auther is probably posting on ET so I should tell the truth Im just joking and the book is great the chapter on opening gaps has made me 3500 bucks this month