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So what are you up this year Sabena? We've all had big runs before, are you sure it's permanent? I vote for the mechanical system being feasible intraday and daily. I use a purely mechanical system except for the order entry. Can't complain about the results either.:)

The lack of Intraday stops is exactly why it's useless to me. They never improve the testing portion of the program either, which tells me they are going after the more casual investor who wants the work done for him via the canned systems they provide. I tested many of the EOD systems on 7.2...

Rock, my apologies. I think the site you referenced looks too good, but I believe it's possible. I'm going to mine their entry and exit points and see if I can learn something new. I'm young (36) and don't use Viagra yet, but might get my wife on it :)

+ or - Is RockTheLurker and Doug_Neston the same person? They have the same exact flippant personalities? How much are you up Rock using their system?

I use the EOD version of Metastock for system testing but found it limiting. It doesn't allow you to enter and exit on stops, or limit orders, and has a weak programming language. I followed the Metastock boards for a year up until 4 months ago, and all the good programmers of Metastock...

Checked out some of the entry and exits for them. They appear to use a simple swing trade system of buying from a dip when the current days price exceeds the high for the previous day, and vice-versa for shorts. They also take 50% profits at around 7% or so. If you find good stocks, this type...

You say your giving up but you won't. You will always have the "what if's" pop in your head; if not in 6 months, a couple years down the road. So assuming that, just stay on the sidelines and try out a longer term system. There is a world of difference between day trading and swing type...

Here's an old thread that answers a lot of tax questions from thestreet.com: http://www.thestreet.com/talk/chats/786189.html

I'll vote for a move down in the market. All the fools getting back into the market recently when it technically should have sold off. Big car sales with 0% financing will haunt their financials down the road...Huge personal debt has to backfire eventually. I guess trying to predict the...

This thread needs to be stopped. We can't have everyone figure out reality; who will take the losing side if this happens? Moving averages, stochastics and bollinger bands are the way to go--don't be deceived! :(

I agree with Privateer that when you can't afford to lose you shouldn't be investing. But on the positive side, I doubled a $3,000 account to over $6,000 about 10 years ago, in 45 days ($50 commissions each way). The downside was I lost it all when I took on more money than I could handle and...

It helps psychologically to have a strategy that you know works at least on paper. If you have no confidence in a system (like Tony's because you haven't proven to yourself it works), it will be hard to pull the trigger, and hard to exit properly when you do enter. I wouldn't trade a dime...

If you're going to memorialize your trading on a public forum, you should post entry and exits for the day, as well as cumulative MTD and YTD results each post. I know you have a website, but your posts won't be that interesting here if you just post "Long" or "Short" each day. Good luck.

No stops, mental or otherwise, is suicide and will bring you to ruin in the long run. Taking a 20% hit is survivable, but statistically your risk of ruin is very high (the statisticians on the board can explain that). Also, if you want to attract money down the road, investors look at the...

Starting to like the layout of the new site now. Good job Baron. :)

I always buy on a gap up if the stock rises above the open instead of drops below the open right away if the gap is under 4%. I sometimes short a gap if it drops, but not too often. I don't know what the percentage success is in real life though. I just was playing around with a possible...

IB is great. Fast and cheap, no frills, and always improving their execution software. Those people that say run may be technically challenged, or have some other beef.

Did a quick review of what the average price appreciation was for EMLX during October 2001, by doing the following: Placing a Buy Stop at the high of the previous days 15-minute closing bar. On the event of a gap up, buying on the open. This is the move for the first 15 minutes only from...

I visually place stops and just guessed at 1%, but that is 25 cents I believe on a $25 stock. I give it wiggle room depending on the stock, and move the stop up about 45% of the bar and then really tighten it if things don't look good. These are my only semi-discretionary trades during the...

The final 15-minute bar of yesterday. See my EMLX chart where the line is drawn. Its on the high of the previous days' final 15-minute bar.