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Sounds like you are all over the place. Is there a "Written" game plan here? What are your edges as a trader? If no game plan you need one. rtharp

Speedracer now this I have to address. MJT said such as Echotrade. Well I'm with Echo and will speak for them very quickly. Proprietary and Professional are two different things. Your thread above is about Proprietary. First I have no profit split with Echo. I keep my total...

I do it constantly. I'll set a trailing stop for one portion of my position at .10 and another portion at .80 of my position. The stops are set on their severs and not your computer or NYSE. They go by best inside bid/ask. Which can be an advantage or disadvantage. I got filled on a...

Well let's see. No SIPC insurance Lack of SOES as you mentioned. Professional fee's (if you use a seperate quote provider) I suggest having a girlfriend pay for a seperate provider Having to own a Series 7

Stochastic isn't a magic indicator, nothing is. As a word of caution Stochastic fail in a trending market. rtharp

Are there Automated systems that consistently make money???? I'll say a name that should stop this arguement once and for all. Tom Basso. He was a featured trader in the New Market Wizards. He has been in the top 10% of performance for hedge funds for years. Guess what...

TraderRX First as I said before in a thread above this is OFF TOPIC. NO MORE OF THIS TOPIC ON THIS THREAD PLEASE USE THE THREAD ABOUT RISK FOR THIS DISCUSSION. THIS THREAD BY ITS NATURE GETS VERY LONG. PLEASE DON'T GET OFF TOPIC. First 99% of my trades aren't held overnight...

orginally posted by Mgregor on Great New Pattern Thread Rtharp, Thanks for your reply. I'm still quite perplexed by praetorian2's 19,000 share position in ELY. I just can't imagine taking that kind of risk on one trade. It kind of reminds me of Jesse Livermore. I guess that's how...

We are getting off topic on RIsk so I'm starting another thread on it Please go here for that http://www.elitetrader.com/vb/showthread.php?threadid=1468 Please no more on risk here. ONly talk about different trading patterns.

HI I'm starting a new thread as the Great New Pattern Thread is getting off topic. I just spoke for DaytradersUSA and my main topic I tried to cover was Risk. This is one of the only things you can control as a trader. Risk is where your stop is. It's also multiplied by the # of...

Ok let's get back on topic here guys!. These are the questions remember? The specialist has to make a market if no available buyer is around. He's probably sitting on some huge losses and is very unhappy. This is actually an edge for traders that few really realize. The specialist...

On LH Mc Gregor. This has to do with R multiples. Do I have my entire account on this trade? No, I have a reasonable position on this trade. I also have a very tight stop of only a point or 2 for each time I enter. I risk a point and make 25 points. Remember I have...

http://www.elitetrader.com/vb/showthread.php?threadid=1229 To help keep this discussion in topic please see the thread above for explanation of bullets. rtharp

El Cazador yes they do unless you have professional status like me (I've got so many edges by being a member with Echotrade) To short a stock requires margin and the stock to be marginable. Regulation -T and the SEC feel stocks under $5.00 aren't marginable...

Hey guys RSVP at link above if interested in attending.

Pre2 A rule for me and my trading is the opening price determines direction. Shorts must only be places on stocks opening lower than the closing price. Get out if it goes above it. Vice versa for longs. The stock needs to break somewhat first on LH for this to work. Rtharp

EL C I'm using two different screeners to find them http://www.StockCharts.com overbought /oversold with RSI changing and the other great free one I know of is at http://www.echarts.com/AnalysisToday/HotStocks/Default.asp click on Select report group than potential...

update on LH. There was 48 million sitting as support -30,000 shares at 159.5 so I've covered with a small profit for my short (only $80 today :( yech but better than a loss-- Should probably go up today maybe tomorrow than a shorting opportunity. Nothing new to...

I'd say about 90% of my trades are done within the first 20 minutes for about 80% of my profit. There is a chat on my message board. Feel free to use it. It's been my experience it's kinda slow to post things but you guys are invited to have fun...

Professional leverage allows a trader to not have to worry about margin which is nice. There are very few traders who can afford to risk 2% per trade on the high flyers with stops of .05 Well you forgot reliablity. IB warns you if they go down that you should have back up trading...