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Only 1 trade so far.. After failing a "W" bottom, I looked to short the next "lower low" anticipating a possible sell off, since market didnt rally, and also was hovering on a bottom of the channel on the daily chart. (see attached) It did sell off gradually, but it got to be close to the...

I figured I would start posting my charts in a journal, as I am still sym trading (just started) with mixed results.. First of all, I want to thank Anekdoten b/c his journal has taught me alot. (still finishing it up, as I was a bit "late to the party" and discovered all this price action...

Jack one thing I never quite figured out, is that I understand you look for certain fundamentals (EPS>80, price, etc, amongst) along with stocks that make repeatable cycles within a 6 month period. However, one thing I noticed, is when I tried to apply the concepts of "DU" to other more...

Yes, they have more info, but unless you are a trader who "trades the news" it doesnt really matter IMO.. Crappy sword works fine b/c you arent fighting directly with the great sword.... Its kind of an apples and oranges arguement unless you plan on moving millions of dollars like the "great...

I would be interested in this also.. I have pretty much gotten to the point where all this "SEE!! that's a "healthy" trend! strong up volume, and low volume on a pullback!" isnt that accurate.. I have seen stocks go up on average volume, and stocks crash after a healty strong volume run up...

Best advice out there to this day Jack (that I have run across).. Your ideas (and Spyders teaching) of cycles, and velocities, volume dry ups, opened my eyes to alot of concepts..

Yes. basically insider information.. One of the best attributes for a trader to have to work for a hedge fund.. Sounds shady. It is.. There was a article written about SAC (Steven Cohen's famous fund) and they basically said SAC pays insitutions TONS of money to get the information FIRST...

I could be wrong, but this the "old" model of doing things.. Since more and more markets are electronic, "flow" is often disguised.. In other words, the picture isnt as clear anymore.. The "buyside" (hedge funds, mutual funds, pensions, etc) find it cheaper to get a guaranteed VWAP, or...

I dont understand what you are asking.. The only jobs remotely possible to get these days are working at a prop firm, and they dont need assistants.. Only Quants/Ph'ds get trading jobs at big bank and hedge funds, since everything is computerized. JUst not sure what type of job you are...

The "trader" at Goldman, etc a broad term, b/c many are salesman who wine and dine clients and simply handle order flow, and really dont trade it, just execute orders the same way a monkey could.. The REAL traders are quants, PHD's etc who are usaing alogrithms, but they arent wasting their...

Sending out blind resumes to firms probably wont work since you dont have any experience. In other words, you dont have much to offer them. What you should do is build your network, and basically let everyone you know (family, freinds, friends of friends) that you are interested in this type...

Trading on a simulator is a good idea. Some will argue "paper trading" vs live money cant be compared, but I disagree.. If you lose money on a sim, dont even think about trading real money.... In other words, it keeps you from losing capital while you learn. If nothing else, it will be...

The floor is dead, or dying for any market except for energy.... Equities is done. Futures/commodities are dying. Basically, anything a human can do, a computer can do better as far as "executing a trade." lets differentiate b/w trading and sales trading first of all. "trading" needs no...

I wouldnt bother.. Those "floor" jobs are disappearing gradually, as things continue to go electronic/automated. That dream is dead. And even if you manage to get one, you will be out of work in a few years. I would focus more on jobs related to trading from a screen..

Agreed. Same story here. I wasnt diagnosed until I was in college (simly b/c I managed to get through life pretty well, etc) It is very much a double edged sword, as the severity of the condition depends on the individual. Tried Ritalin when I was diagnosed (didnt do much for me) so I...

ok thanks.

Interesting, and thanks for the reply. So I am assuming EZ language can be coded to monitor bid level price (instead of "actual" price.) If so that might just do the trick.. However, from my understanding, EZ language works off bar data (price?) so i am assuming there is a way to change...

Ok, here is what I am doing. I am working with a EZ language programmer to develop studies based off stock behavior vs its opening price. I am studying statistics on behavior, and looking at bars on 5 min intervals once statistics are found to develop a strategy. Here is the problem...

You only get stuck if your on the wrong side of the trade. Funny how that works.. sigh.

What is your win/loss expectation? Curious. with 23 winners and 6 losers, it seems strange you are down for the day.....