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Like most of my "what / how do you...?" answers, it depends on the strategy. Anywhere from 5 seconds to a month.

I shorted a stock that wouldn't stop going up. Sucks when that happens, but it does. If presented with the same situation today, I'd trade it the same way. Given 100 of those, 99 of them are not going to be that bad and I'd be profitable overall. The 12k loss is just a number in a column of...

You're a newbie looking at trading from a newbie's perspective. There are so many ways to make money in the stock market and guys like you think it lies in some magical squiggly line. Free your mind brutha! And there are plenty of traders on ET making a lot more than me. I personally know...

Oh so close to the best week of the year if not for one stock. MXB cost me about 12 grand on Tuesday. Other than that it was uneventful and pretty quiet. +20,862 on 601,000 shares traded. P/L each day was +5, 0, +3, +4, +8

Walk away from the computer. Seriously, if I know things are covered and systems are running as they should, sitting there and fretting over a crappy pl is about the only time I get stressed and it's pointless. The longer I sit there, the more likely it becomes that I'm going to muck something...

MXB did a lot of damage because I had it on with size early in the day. It wasn't actually a pure rtm trade at that point, but was part of a portfolio of a bunch of other trades. Later in the day it hit the criteria as an intraday fade trade. It wasn't a strong signal and I might have skipped...

Would be an awesome week if I hadn't run into MXB yesterday. RTM destroying grind up from hell. Was up $12,000 early in the day, ended up losing 50 bucks overall, all due to that stock.

I have used Telechart for a long time for eod charting and running scans looking for stocks that meet my criteria or filtering for swing trade ideas. I think it's a great product for the price.

You don't know when it will reverse. But you might be able to guess what the odds are of it reversing at a certain point. You will never make money trading if you are afraid to lose. You'll also drive yourself crazy trying to make perfect trades.

You don't get the same fills in the real world. Backtesting doesn't account for slippage.

when you said your profit on average is 3.5 cents per share, is the share calculated based on round trip or one way? As mentioned previously in this thread, volume is total volume, entry and exit. do you make any trading decisions or does the software you run make all of them for you...

1. What do you tell people when they ask what is it exactly that you do? "I trade stocks", "I'm a financial trader", "I'm a daytrader". I used to not like the connotation of the term 'day trader' as most people associate it with being an irresponsible gambler, but now I just don't care...

Van Tharp and Rob Tharp are two different people. I am a fan of one of Van Tharp's books and recommend it to people. Doesn't mean I think he's a guru or that I follow him.

What's so hard to understand? Stocks that bounce around like a ping pong ball or have rapid price spikes are good candidates for mean reversion. Here's a trade from last Tuesday in RDN. Sell the spike, buy the retracement. Pretty simple stuff. <img...

Wow, amazing. I thought that was a 7 year old ad until I saw the date. I knew his dad was still doing workshops and that he used to help out at them. Sounds like the same bio he was using in 2003. Proves the saying those who can, do, those who can't, teach. I haven't heard from him in a...

Harley, thanks for your post. Pls drop me a pm to let me know who you are and say hi, it's been a while. The main reason I went to that particular Echotrade office was because of Robert Tharp (rtharp on ET a long time ago). I was a newb and to me he seemed like a guy who had it all dialed...

Poor assumption. The outcome of every trade is random, but that is not the same as 50/50 odds. If you flip a loaded coin, the odds are not 50% it will land heads, but the outcome of each flip is still unknown and random.

I didn't have a mentor, 100% learned on my own. I spent some time in an office, but there weren't any hot traders there. It was a good way to get exposed to different ideas though and a good environment to encourage long hours of hard work. A good mentor would be a huge help to any beginning...

Week 8 was another good one, second best of the year. +$27,300 gross on 553,000 shrs total volume. Daily p/l was +4, -4, +10, +12, +5 Pretty quiet week except the open on Thursday's big gap down was the busiest yet this year. Intraday mean reversion was particularly slow for me, but I was...

Everyone thinks the market will go down. Therefore it will go up.