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Do you believe that 2 traders in a prop-house trading side by side (and happen to be trading the same stock) are not competing with each other? This is an important question because your answer is very relevant to this discussion? Please answer that question. Just a yes or no will suffice!

Thanks for the information. You hit the nail on the head in your previous post when you "insinuated" that they could crush the average investor. The bottom line is "if they are going to use computers to trade the market, SO AM I", and if you want to trust them, be my guest. Happy...

The Previous Days Close Price. Ed

Arbituarily closing all positions just for the sake of closing them is a good way to throw money away. If it were me, I would close the ones that are trending the wrong way. So, close the Long positions if: 5 Day SMA is less than the 18 Day SMA (SMA=SIMPLE MOVING AVERAGE) Close the...

Like I stated in my first post, the ATR%(14) will at least tell you the expected difference between the high and low. So, if the ATR%(14) is 7% and the Current Day's ATR% is close to 7% then you can expect it to be done moving. Whereas, if the Current Days ATR% is only 2% then you can expect a...

Totally Agree! The problem is, even if he did find someone to trade his account successfully (not likely), the trader would only stick around long enough to build his own bankroll, then he will go off on his own. Then he is back to square one - still doesn't know how to do it on his own...

You're right. You can view the stock market as gambling and some people are better gamblers than others. But there is a huge difference, and that is DATA and COMPUTERS. If you try to go into a Las vegas casino with your laptop, they will kick you out. But no one is stopping you from using...

Instead of hiring someone to trade in your account, find someone in the Prop House and pay them to teach you the ins and outs of day trading. I've trading in multiple prop houses and can tell you there are some people who make a bundle day trading, and some who will lose a bundle. Those...

I have seen this method of trading before. We called it hedging. LONG SIDE: As the stock went higher (and your were profitable) you added more shares to your winners. As soon as it starts to turn down, you close the first long position. SHORT SIDE: As the stock goes higher, you...

You're right. Trying to predict what the market is going to do is not realistic. It's also unrealistic to expect stock movements to do things they have never done before. Stop Losses can cover you on the few occasions where the unusual happens (Enron, Bernie Madoff, etc.) I agree that you...

Since the ATR(14) or ATR%(14) takes into consideration the gap up/down, couldn't it be atleast used to determine the max move to expect for the day. For instance, if the ATR%(14) is 5% and the current day's ATR% is already close to 5%, couldn't you at least use that as an indication to close...

I am not into manual trading as CoolTrade subscribers run their traders in 100% full automated mode (unattended). However, if Trade Pilot Pro can utilize the CoolTrade API to send indicator values to an Automated Trader, so the indicators could be used to build buy/sell rules, that would be...

I didn't look into the room or the software, but I agree, if the software doesn't make money then forget it, as long as you can get one without the other. Also, I looked up Sock Puppet on Wikipedia: "A sock puppet is a puppet made from a sock (or similar garment). When the manipulator fits...

Isn't it obvious? You buy at the bottom of the chart and sell/go short at the top. Now all you have to do is simply go back in time and execute the trades. ha. Cheers! Ed

Isn't it obvious? You buy at the bottom of the chart and sell/go short at the top. Now all you have to do is simply go back in time and execute the trades. ha. Cheers! Ed

I would assume the purpose of the trial period is to see if the software works/makes you money. If it did, then stay on. If not... Ed

I totally agree your statement, Johno. So many people just want someone to tell them what to buy/sell because they think the next guy knows more than thay do. Unfortunately they then never get a feel for what they are trading or the markets behavior. They go into a position and stay in while...

IB is great at $1 for 200 shares or less. But if you trade 1000 shares IB charges $5.00. http://www.OptionsHouse.com charges a flat fee of $2.95/trade (unlimited shares). Ed

Which newsfeed? CoolTrade has not created an RSS feed (Yet). We do have a CTControl page so you can remotely control your Automated Trader (that is running on your home computer) from anywhere. When you are ready to subscribe, send email to customersupport@cool-trade.com and ask for...

Billy, every day trader I know, Shorts. Look at this last crash (last 8 months), it's the short players who cleaned up. And, they didn't have to wait long to do it either. When the market it goes down, it goes down good and hard. Whereas trying to make money on the Long side is slow with a...