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The problem with trying to unlearn that concept it isn't great to be wrong is it's taught from almost day 1. Throughout a human's existence they are taught to be right. If you didn't get 100% on a test your parents usually asked why not. Anything below 70% is considered poor. But a...

As this is directed about me I'll reply I have no affiliation with this site. The discussion about my father I hardly bring up. I have 337 posts to date as of this writing. I have probably brought him up on about 25 total and that's it. The last few days were due to someone having a...

Another suggestion would be the all great http://www.ebay.com rtharp

Trader RX You haven't really read the book by asking me that. One of the first few paragraphs Dr. Tharp is introduced as a swing trader. I also noticed " The only financial freedom that this book provides is in royalties to it's author." which was a part of reviews in...

I took some losses for the last few days 6/28 and today 6/29. It depends on the trader. A lot of traders at my firm didn't do too well today. But there were a few who had great days. It depends on many factors. I trade setups I like. There wasn't many around so I let it go. Live to...

mgregor it depends on the type of trade and type of market. A trending market it pays to add to positions. In a non-trending market it hurts to add to positions as the market doesn't have a lot of potential and by adding to a working position it raises your average cost too much if the...

There was another part of this thread I meant to start a discussion about. The book. There are quite a few things in there worth discussing. A business plan for trading R multiples Position Sizing Daily Routine Equipment Different Strategies Common...

SOES and SELECTNET were down think that might have something to do with it? rtharp

I did say and negative...... I'm looking for honesty. This thread should get it with some time. I also didn't request a positive review. Just a review from a different person. Rtharp

Hi guys Looks like the book review section for this book-- Financial Freedom Through Electronic Daytrading, just got slammed by someone. It gets no reviews for a month after finally going on this site. It then gets 5 reviews in 20 minutes all with traders who have MSN email addresses...

Dearborn offers week long classes rtharp

Echo give you a questionaire to fill out. There are certain traders they they don't want who have taken too much risk in the past. rtharp

Echo and risk management There is a seperate room that is locked during trading hours with a risk management team for the control at this firm. The software is automatically programmed to limit risk. The # of longs, the # of shorts, the # of shares based on the tier/volatility of...

Any trader who trades with an LLC requires a Series 7. It's that simple. If they are a professional firm they require it by the NASD. There are brokerages that are set up at LLC's that don't require a 7 but they aren't professional firms. Echo isn't set up for retail accounts, only...

Ok this is a great firm. MJT I discovered them because of you. I 've never had Echo go down in the last 6 months I've used them. DOT went down but that was system wide. Pax Clearing has had 2 times they have been down for the internet traders but were up within 30 minutes. I just...

to keep this post on topic and because it's been discussed before to get an explanation of bullets/conversions see this link http://elitetrader.com/vb/showthread.php?threadid=1229

I have posted my strategies for entries on this board before. There are entire threads about my trading styles. I trade overbought /oversold. I look for charts that have had a volatility increase in a direction with hopefully little retracement. The more days in the same direction...

Some traders like the volatilty of EMLX, and JNPR of 15 points a day (when they were in their prime) other traders I know prefer CSCO, MSFT, and INTC due to the small range. They had a very STRONG support and resistance levels which were easy to identify. Both can work, depends...

My point is trading is trading. There are certain rules a trader must follow. IBM might not work for you but it can for someone else. There is a buyer and a seller around. One guy makes money in the transaction and one will lose. My type of trading is usually with the specialist...

Overall I agree with Zboy who is to say they don't soon say $50,000 than $100,000 than $300,000 and so on and so on. I'd rather they not place these type of limits on others. Professional traders might not be affected by this as this is a modification of Regulation -T...