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    What catalyst transformed you to a successful trader?

    I think your realizations provide the best answer to your curiousity.
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    Learning Curve

    Agree 100%. Also imo, there is neither a single aha moment nor several aha moments. The markets are dynamic and keep changing and you've got to change with them.
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    IB Are You EVER Going To Give Us Commission Details?

    Just curious. You've been making some serious money. Have you been doing all this through scottrade which doesn't have level II as far as I know?
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    Brand new traders..........read this

    Spot on. Thanks omniscient.
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    Brand new traders..........read this

    It is not Mark Douglas. Please go back and read my post where I mentioned that it was an article I came across. This concept is very different from Douglas.
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    Brand new traders..........read this

    Perhaps i am self destructive...as how much money you make is the name of the game...not how you do it. I reflected on the "wiring" quote as when I am in a trade longer than I want to be because of its drawdown, I find myself escaping, with little profit, just to get out Electric: I...
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    Brand new traders..........read this

    Let me correct you. I did not say that trading was simple. This is an excerpt from an article I came across. That is why I prefaced the excerpt with the caveat "Something to ponder about". I have my own opinions which shall remain undisclosed. My intention for posting this piece was simply 'food...
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    Brand new traders..........read this

    Something to ponder over: Trading is simple, but it isn't easy. Seems contradictory, right? Simple may equal easy everywhere else, but in the trading and investing arenas these concepts are hardly synonymous. Why is that? Why do traders hold on to losers and take quick profits? Cut your...
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    SanDisk: Stocks Being Crushed: Memory Prices To Fall by 40%; Already Fell 50%

    There was selling going on even during regular trading hours with the stock hitting a low of 40.04 before closing at 40.13 down by 2.48%. People were aware of the forthcoming news release even before the actual release. The timing of the news release just a couple of minutes after the market...
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    Winning or Making Money?

    [/b] Imho, the bolded words embody what trading is all about.
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    MA where does it go from here?

    However, after reading the above which is an excerpt from your post in another thread, I am mystified.
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    MA where does it go from here?

    Depends on what your entry price was? Also there is nothing stupid about what you did. It happens to others too. The more the postion moves against you the harder it becomes to pull the trigger.
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    i trade everything---

    Did you put in a single bid for 700 shares? Tia
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    GOOG today

    Around $455 - $459 should be support IMO.
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    SPX Has Topped For The Year Or Pabst Will Leave ET

    It is time for you to say "adios". Just kidding.:p
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    Imcl

    Does anybody know why Imcl is up nearly 10% after hours. Carl Icahn rejection solicitation is old news as far as I know
    • ak15
    • Thread
    • Replies: 1
    • Forum: Stocks
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    What do you have around your desk?

    Jesus, I was getting ready to step out and now I have to rush under a cold..... shower.
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    esignal

    You're right about the auto refresh feature. It can be set up to auto update every 15, 30 or 60 seconds. The trade-off is it is still slower than streaming but will have better visual quality. The other drawback with auto refresh is it cannot be directly manipulated by users as can be done with...
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    Trader status for U.S. and offshore taxes

    Also go through the attached link containing instructions and procedures requiring consent from the IRS to change from MTM accounting to other accounting methods - http://www.irs.gov/pub/irs-irbs/irb97-39.pdf
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    Trader status for U.S. and offshore taxes

    If you can claim trader status it is clearly beneficial to use MTM for your trading account. Your long term investments have to be kept under a separate account and will be treated as capital gains and losses and subject to wash sale rules. However, once you elect MTM for your trading account...
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