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A few thoughts on your problem, which is one I also had at the beginning and was able to overcome. And I suspect of all challenges that new traders face, this is the most difficult, and most critical if you are to move ahead. 1. I'm reminded of the old adage that "scared money never wins"...

I have a list of 300 stocks, and I am generally holding 3-5 at a time.

Don't confuse brains with a bull market. Not that you shouldn't be happy...but a rally can make just about anybody look good who is willing to hold anything for a few days.

The answer to that is very simple. It is all about turnover and commissions. For the hell of it, I recently called a firm that is widely quoted and advertises here on ET. I was interested in what they had to offer. The second I told the rep that I was a position trader, and a...

Will somebody please shoot this market so it will play dead for at least a few days? Or, at least teach it to roll over?

There are good reasons why cable controls over 70% of the high speed access market. DSL is a money losing proposition for the Bells, and the only reason they are in it is to try and compete with cable - a competiton they are losing. DSL is also a bastardized technology, trying to run high...

Two years ago I moved from primarily daytrading to exclusively position trading, holding on average 2-3 days for winners, and 4-5 days for any losing trades. I have quadrupled my income. In the past 90 days my trades have netted 87%. I sleep well at night with no stress during the day...

An edge is very simply an advantage that a "usual" trader does not have. Whatever you do that is beyond the norm...that is your edge. And by definition, if you can't perform in any one area beyond the norm, well, you ain't got an edge. That edge can take many forms. Here are a few: 1...

I sure hate to sound like I am being less than supportive here....but if you can't make a buck in this market, you need to seriously consider doing something else with your time and money. I can't recall when there has been a better trading environment. On a long-term basis we are still at...

It's called tuition. The price you pay for learning to trade. Whether it is worth it or not depends on how well you put the lessons to use.

My experience is that entering stops as an actual order is not a good practice. Many times, particularly on issues that are not heavily traded, I suspect my stop has been hit simply because it has been on the books, and may not have been hit otherwise.

They key questions a trader needs to answer are: 1. Am I completely confident with my system and comfortable with my margin positions, and do I really have the experience to make this judgement? 2. Have I thought through what my account situation would be if I awoke to another 9/11 or...

For me it's the points per month. For my wife, it's the dollars per month. Now, why is that not a surprise?

However...many states are also raising taxes on gaming revenues, which will hold down growth. So it is a two edged sword.

http://hquotes.com/tradehard/simulator.html This site will display an equity curve as you enter various parameters. It is a good tool for determining the value of a system over time.

Good Lord, Discipline. I sure feel sorry for anybody living with you. What do you do every morning at the market open? Whip yourself with chains?

www.iqchart.com

If you trade actively and with the intent of earning a large portion of your income, you can file as a "trader in securities". You can deduct all trading expenses as a business expense (equipment, home office, courses, etc.), and you pay no self-employment tax. A very nice arrangement. No...

Those challenges are a marketing gimmick. Even if there was a serious "prize", you put your best system to work and net 50%. But some joker "buys" 50,000 shares of XYZ at 19 cents. He gets lucky, it quadruples, and he walks away with it.

And if you are a professional, EBO, you should be concerned about ALL your expenses. That was a rude and stupid response to an appropriate question from a newbie. VMONEY, check out Brown & Company. $5. market orders. As in a penny saved is a penny earned.