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1. Do NOT test with your money. Your valuable cash should NOT enter the picture until you have clearly become familiar with the business of trading and know the risks, which are many. 2. Take advantage of the fact that you are young and have the time to learn. In a few years you will...

A few days of strength...then the reality of the economy will set it. Especially as more companies warn about their awful 1st quarter and the war news dies down.

You must find your own path. Nobody on that list is going to give you a complete picture, because they don't have it. That is their game.

Do you have a mechanical system whereby your computer can signal you as to when the stop has been hit? If so, then I suggest you get the heck out of the way when the trade is in progress, and wait for the computer to signal. This may sound simplistic, but since I share your problem, this has...

I agree, don't sweat the small stuff. My CPA specializes in trading issues, and has never had a problem with summarizing a trading account. The absolute worst that will happen is that you will get a note from the IRS asking for substantiation. They are probably happy not to get all the...

I post a total of the trades, wins and losses, then make a note saying "Trade logs available". I haven't had any problems.

The very best use of an MA is simply the relation of current price to the MA. It is a simple, old concept. But very powerful. Backtest price deviation from MAs and eventually you will realize that market prices and movement are far from random. Why? Because an MA represents...

In my opinion any newbie who enters this business by daytrading is already behind the eightball. The shorter the timeframe, the more you are just swimming in the chop, slapping around trying to stay afloat. It is extremely difficult to succeed, although there are a few talented swimmers who...

Gorden, my two cents from someone who has been through the mental wars. You must create a mechanical system that works, and first master that. You need to remove the impact of any emotionalism on trading. Find or create a system, and trade the signals, and only the signals. If you don't...

Yes, I admit to the problem big time. My only solution was to remove myself entirely from any descretion other than position sizing, and set up my computer systems to signal me. I have audio and visual alerts for buy and sell signals, and my speakers turned up full blast so I can hear it...

Okay, help me out here. How can a Turtle/type trend following system do anything the past couple years? Trends have been notoriously short and fickle. I don't get it. Unless Turtles also go short. Anyone like to explain?

I believe IRT can cover just about any financial security or derivative, although I personally trade only stocks and options. Much depends on the data provider you sign with, and they can help with that information. Their number is 800.546.6842. Web site is http://www.linnsoft.com/index.html

I have trading accounts with two different brokers, which each have their backroom systems in different parts of the country. It sometimes makes record keeping a bit more difficult, but I feel safer knowing that if someone does crack an account, or if there is a major meltdown, I will at least...

I found many advantages with Investor RT. Much easier to backtest, as there is little or no programming involved. You construct backtesting rules based on existing tokens that represent indicators, then adjust to your liking with menus. Extremely flexible, as you can control every variable...

Nearly 400 point move from bottom yesterday to close today. Booked 38 long stock points, as I trade pullbacks. These are the days that make it all worthwhile. And a good reminder why, despite the fear in the market, it doesn't usually pay to stand completely aside.

bobcathy1 - I make a good living from the market, but it only began when I could admit to myself that I was trying to make discretionary judgements about my trades, and it was being clouded by fear and greed. And I paid a big price for it. I was then fortunate enough to develop a...

Relief rally next week when we go Saddam Hunting. Then down, down, down from there when the reality of this quarter's terrible numbers starts to hit the fan. Thanks, George. Great timing. We needed this right now.

I've been trading a successful short system on AMEX Holders, and thinking about moving the system to futures. However, it does not appear that futures cover the AMEX Holders, but they do cover various industry groups as EFTs. I am wondering if anyone can direct me to a source that would...

That $80. risk free profit will look pretty stupid when LU hits 1.25. No such thing as risk free. Ever. Never.

Prune, you mentioned selecting between indexes and a universe of stocks. There is another way, which is to deal with a select list of stocks based on fundamental criteria, before you apply technical considerations. I have found this to be an important key to my trading, and it may work for...