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Hey just an update on Mtrader. One of the ex-members Chris Schumacher has contacted me and agreed to do an online chat interview. He is now with Reality trader(I say interview because I'll ask about 80% of the questions to keep it organized) If you guys are interested to hear about his...

I'm up and running fully with Echo now. I've made arrangements with them to get a southern California presence here in San Diego. THe $300 includes data feed fee's to answer a previous question. I used to know Jeff (one of the managers) when I was at the Chicago Board of Trade so it is...

John You can Succeed! Think LONG TERM. It's hard to imagine what you can do in a decade. Trading is like any other business, it takes a lot of skill, talent and knowledge fo the business. A doctor has to go heavily in debt during med school but after a few years is well paid. It's...

Well John you are right about that simulator. It's just for getting used to the software. Don't expect all of your limit orders to work, it doesn't happen. You didn't state how much capital you are going to commit to trading. Consider time when you think about trading. Most traders...

squwak box This takes awhile to get used to. I was on the floor of the CBOT so I understand what they are saying pretty well. The key is the noise level in the background. You'll know when there is some serious volume going on. If you see the market start to rally heavily but it's quite...

Gene I watch, the TICK, TRIN, and the S&P Futures. I don't watch the Nasdaq or Dow Futures. The reason being the S&P's are mainly used by professionals to hedge or trade with a lot more volume. The trading pits for Nasdaq or Dow futures are very small in comparison. I've noticed if...

Do you live in California? Watching CNBC or reading the headlines in the paper? What would you do if your power goes out? Have a battery backup? For your modem, also? What about if the server loses power? Do you have backups? Just wanted to hear how everone is preparing for...

I play the short side by shorting climax runs. I find stocks usually under $30 that have the biggest % gains. Usually anything over 40% is due for a retracement. It's very high probability. Rtharp

Baron glad you liked my idea. It's going to be a task though for awhile to post all of the trading books up. Another thought is eventually courses, seminars and such. There is absolutely no rating system on different courses, and trading seminars that I know of. Just word of mouth, and...

Hi Gene I'm trying to find some info about him other than his site but no luck. I contacted them to see if they would let me interview a trader at the firm but no reply. Robert

P- I use margin for everything. In fact that's why I asked about 10-1 in a previous post. I agree with you/and disagree. For my position trading/swing trading I will use margin heavily when I'm in a winning streak. The key for margin is to understand trading. If you can out produce the...

forget the wash rule and file your return as a trader.

The stock was really liquid it was either IDPH, GENZ or IMPH as I was trading a lot of the drug/medical sectors a few months back. I'll check my brokerage statements later. One more thing for those scans that would increase the probability of those trades doing well. Let it break...

Ok guys, you are both right and wrong. Each person is an individual. I'm in disagreement with the margin post but that is me. I tend to use full margin when the market is heavily bullish and when in a drawdown cut back. There are many different ways to trade, both styles work. Just...

Hi Guys I'll be speaking on April 14th in Orange County Click this link for more info http://www.worldwidetraders.com/nextmeeting.htm Robert Tharp

http://communities.msn.com/Rtharpsland&naventryid=160 see link for a copy of interview with Dave Floyd

(P) I'm with you. First if a system will be ruined by too many traders using it. Then soon everyone will discover it eventually anyway. When it is no longer a secret and it fails others will stop using it and the system will work again. Most traders can't follow a system the way it's...

When trading under an LLC or C Corp (don't elect that S status). The big idea is to pay yourself a low salary and expense out from the company all of your expenses. All your expenses are spent before tax dollars while your income is spent after tax dollars. The goverment is set up to...

NLP is a process developed by J. Grindler and R Bandler. It's a pyschological study of modeling. It stands for Neuro-Linguistic Programming. Most studies of psychology don't really work. Who wants to sit on a couch for 10 years to work on one issue? I would rather have one session or 3...

I should address this also by adding my 2 cents. This type of fear is more than computer based. It's psychological and very deep. I would actually recommend seeing someone, BUT that person needs to specialize in a technique known as NLP for it to have some really merit. Robert