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You just changed my entire perspective on 2008. Thank you. I will be sleeping much better now. My wife thanks you too.

You can guess the rest. Bad losses for 2007. So my limit for losses is 3K, if I understand (not even close to what I lost). How many years can you put that 3K on future returns? Will I ever get to claim all this? What's really lovely is having to pay taxes on money earned this year...

lol... Yeah I can understand your thinking. I don't use stop losses because I'm here all day, not even leaving my desk for lunch so just not a habit to do. Not a valid excuse, as I should be doing it anyway But you're right.. I wouldn't go in short now, so done and done. Thanks

Hello guys, Did a short of apple at 148 this morning (was just going to be an hour or two, but I actually expecting a downer day). I got called out of my office for an emergency and forgot the stop loss. It's at 153.60 and still rising at this moment when I got home. Think I should...

try meetup.com. there's several on there for Baltimore

I just want to thank those that have contributed many positive and understanding posts. I am in a similar situation, where I just can't let go of the loss, and don't get in when all the conditions are right. I get zapped by the unexpected.. step back and examine what I'm doing, then a quick...

Hello guys.. I've been attempting to find the 'Ax', a term in a book by Tharp and Brian June (Financial Freedom via Day Trading), or essentially the 1 or several market makers controlling the direction. But what I read isn't matching what's on my screen. Either the book is too old, or...

Up up up.. never seen anything like this, short of discovering the next cancer drug or something.

I see your point. Patience. Wait for the trend, don't forecast the trend. Good way to get hurt. Thank you.

Almost seems like a no brainer, at 210+. But I've often lost my brains. :)

I'll take it Chi.... and it would certainly coincide with observations on certain days in the past. Thank you, sir.

I certainly didn't think, don't think, and won't ever think this should be an easy game. But I did study for 6 months first before doing anything, and spend 3-4 hours a night just trying to understand. I have no problem admitting I just don't understand so much more. Anywho... it...

Can someone please explain the significance of 2:00 to me. 3 days and massive drop at 2 Today massive rally at 2. Why? :(

I watch the futures in the morning to decide whether to get in, and often just end my dat at the end of pre-market. It has been pretty consistant to just watch CNBC and hit a few websites to see what their initial reaction of todays trend will be. But once the market opens, I have really...

Thank you Surdo.

In the morning I can pop open my time and sales screen, and I see trades executing on the NASDAQ well before 8:15 EST. I opened the screen at 6:45 AM today. Sometimes, it will be really out of wack, like a size of 10K at odd numbers, like a buck or two below or above the bid/ask range...

S2007S.. It seems limited to two weeks, but I may have missed an option Damon, right on target! Sweet. Thanks, both of you. John

Is there a place that lists all the upcoming events and reports that effect the market? I have sites to tell me upcoming earnings reports and other events. But I don't seem to know until I read a day or week before hand about upcoming housing reports, inventory, etc. I'd really like to plan...

I was worried that I would only be able to write off 3K in losses as a non-trader, and having a full time job made me worry that I would not be considered a full time trader, should I be audited several years down the road. Nothing worse than paying a lot of back taxes. I was also...

I'm trying to weed through hundreds of various documents trying to get a definitive answer on losses. I will soon set up an LLC to trade, but for now I am just doing it out of my personal account. I have a full time job but still manage to trade 5-10 times a week. I am worried about...