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That's true. I found options very effective at growing an IRA account 20% in 2 months.

It was rough picking a bottom on the momentum stocks last week (POT, MA, BIDU, AAPL, etc); they got tired of their previously tested support levels, and the rebounds were not as strong. I made a nice profit on POT calls Wed when they dipped to $216 the 2nd time and rallied to $227. The next day...

Thanks for this site, I'm already hooked!

If you could put together $25,000, you could qualify for a day trading account. I think small position day trading with disciplined stop losses would provide you a good education with less risk as long as you agree up front to stick to your plan no matter what you brain starts telling you. I...

That's where trading a company with extremely strong fundamentals comes in handy. If the stock is dragged down as part of the sector because of an earnings miss or bad news on one player, chances are high a solid company will recover quickly. For example, say you bought STRA back in March after...

Click "Quote". Definitely take your base hits and don't swing for the fences, especially if you draw down. In the beginning ALWAYS set stops upon execution; later you can use mental stops, but have them set up properly in advance so you can pull the trigger at moment's notice. Have you ever...

A strategy that I find very helpful having only 5 months of trading under my belt is to select 5-10 stocks at a time and get to know them well. By becoming familiar with them, you can tell when they're "behaving" and predictable, and when they've broken major trends. I keep 3- or 5-minute charts...

When I put on a trade I feel very invested even if it's for 2 minutes :p

I participated in Oliver Velez's (Velez Capital Management) free webinar last month about himself, his prop trading program and, best of all, a retracement trading strategy that I paper traded for several weeks before going live this week and making a 10% return on my capital. So I would have to...

When you say "program bugs" are you referring to automated trading?

I never put on a swing trade over earnings; I put on the trade leading up to earnings (high probability of success) or after earnings once I know the details and the sentiment of the result. This has been quite successful, although they sometimes turn into day trades when a strong momentum...

That's how my trading felt the past couple of months :p

You guys have been an inspiration since I found this thread. Decided to jump in very actively this week (mostly been trading options). I've been paper trading a strategy for weeks and got over my fear of actually doing it, and it paid off. Decided to call it a day before I did something stupid...

Actually, there's a gal in the community, too, who started very actively day trading this week and will start posting as of today :)

I started trading a few months ago, mostly options and swing trades. The market was generally uptrending, earnings reports weren't punished quite as badly as they are now and swing trades were profitable. I did some day trades, but fairly limited. I learned some very hard lessons about stops...

Already had a great trading day - my dog could've traded and made money today - but you've got me LMAO and it's icing on the cake :cool:

Looking for input from active AAPL options traders: I started watching AAPL's charts about a month ago and got familiar with its short term s/r trends. I generally trade back month options and hold them a while, but when I noticed how liquid these options were I day traded them successfully a...

I've found the trailing stop to be solid way to lock in a profit when you're thinking of exiting, because it still allows profits to run and if the trade turns against you, you take away close to what you planned on. One thing I've found though is that in this downtrending market if a position...

Nothing else streaming in so far.

Halted over the pending news just released - they're selling E*Trade Canada.