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    Tape Reading continued.

    Got it. I'll review the tape and videos I've made to see if I can spot what you are talking about. On the other hand, do you have any valuable observations for trading volatile stocks and not news stocks?
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    Tape Reading continued.

    I guess a good example is roughly around 10:08:39 on 11/03/05, where there's a high volume on the tick-charts spike typically associated with a bottom, since the size gets "lifted." Except, in this case, size was lifted and the guy kept driving down. I guess he was super aggressive, but it was...
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    Tape Reading continued.

    I reviewed Maverick74's posts in a conversation about tape reading last night with Shortseller and tried some of his ideas today while trading. I did not have much success, and had my worst losing day ever. ;-) Not Maverick's fault. I just was experimenting and had a tough time making money...
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    TAPE READING (chat room cont.)

    Wow, this was very insightful. I never realized this until today when I read this. Thank you VERY, VERY much. I'm going to go back through the stock I normally trade and see if I can find this phenomenon.
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    how many ex programmers are on ET

    Yeah, pretty much. I was a bright-eyed guy who loved to code. I was a machine, cranking out 6-7 thousand lines of code a day, 16 hours a day. It's all I cared about. Then, I lost it all when I worked at Intel. First things first -- Intel is not a bad place to work. But, there was one...
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    how many ex programmers are on ET

    No, I got there pretty late. 2000-2003. No real way to make money. For most tech workers, options are usually worthless. Unless you really think the product is going to change the world, you generally should opt for a higher salary as opposed to options. The other thing about tech...
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    how many ex programmers are on ET

    You again. You bastard. I'm going to make a fortune trading automated systems just to disprove you now.
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    Anyone ever try to explain their trading career choice to family?

    I think I agree with you. I guess I've just always been in the habit of telling mom and dad what's up. So, it's always nicer when I have their blessing. I'm not married. My thinking is that when someone does get married, it's nice to have mom and dad's blessing. Trading as a career, to...
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    how many ex programmers are on ET

    Yep. I used to work at Microsoft and then Intel. It seemed like a lot of work for very little glory, or respect. Writing software for yourself or for fun is nothing like writing software for a big company. Writing software for others is not fun. I didn't realize this until later. After...
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    Anyone ever try to explain their trading career choice to family?

    I'm basically a software engineer who left Silicon Valley to trade. I've recovered most of my losses, and I'm on track to becoming profitable. The income isn't quite there yet, but it's enough that I don't bother with part-time jobs anymore. I live on savings, and I expect trading to cover...
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    Trader P/L 2005

    Down $34 today. Fire at Genesis, and the trading system started getting flaky. The morning was tough for me, lots of little losers. When the big rallies came, BLZX was down so I missed the key breakout. Why did the fire have to be today!?
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    Trader P/L 2005

    +$188. Was a grinding, brutal day. But I employed a new tactic for grinding days that has me living it up.
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    Trader P/L 2005

    I had a killer day. +$273. VLO was very good to me.
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    Wired or wireless router?

    Go with wired for trading. There is a noticable performance difference with wireless. It can be the difference between a fill and a missed fill.
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    Trader P/L 2005

    -$117. Having a rough few days. No follow-through. Couldn't bring myself to stop today, because I was fairly certain I wasn't on tilt. The market just wasn't reacting the way it usually does.
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    Daytrading for nickels and dimes.

    Hmm. I got bled to death today. Lost $100. I broke even by mid-day, then lost it all again. Mostly on pissy trades that never followed through and had no backing. I noticed lower volume, I should've taken profits quicker. When I tried, I was only getting pennies that barely justified the...
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    FX Trading in the evening?

    If you're scalping FX, what do you consider to be an acceptable average loss? What is the time frame of your typical FX "scalp"? I guess I better start reading the FX forums more often too. :-) There doesn't seem to be any market depth information for FX, so I'm guessing scalpers are...
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    FX Trading in the evening?

    Any recommendations on platforms? All the software packages I've tried look 100x uglier and less usable than most of the stock trading platforms I've tried.
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    FX Trading in the evening?

    I'm looking at one of those mini-accounts that you can open for $300. I'm not looking to get rich on FX, but I'm wondering if any stock traders out there trade FX at night for entertainment value? The only thing that is stopping me right now is the $50 a month e-Signal data fees to support a...
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    1st Trading Profit

    My very first trade: I bought ELN around $20.26 and sold it around $20.52 sometime in spring 2004. I bought it because some guy I knew made a lot of money on it. I didn't know what margin was, so I bought an odd lot valued at just under $2000. The trade went up and then back down, and I...
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