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Slow here too. Have had two stops missed out of 10 so far today, 1 NY and 1 Nasdaq...arggg. Luckily the stocks didn't get too far away from me.

Had two separate stops each to sell 200sh of AEIS at 16.74. The bid and ask went through 16.74 and traded below twice and back up again and then plunged the third time not triggering my two stops? I then entered manual limit orders and they went right through, but at .10 less than stops...

Lets just say I'm glad I don't have to rely on Gary Smith's breakout system to support me. I'll let someone else take up the cause of swing vs. daytrading. Maybe it's good that you daytraders believe what you do, that way you can continue to keep my slippage down.:cool: And by the way...

In defense of swing trading, you don't make small percentage returns each month. 60%+ per month returns are possible and you don't have to sit in front of a terminal all day. Sure carrying overnight has risks, but you are also rewarded too with gaps in your favor so it's not all that bad. And...

Kind of funny reading about all the commissions you pay during the day Hitman. For example today I got 5 swing trade orders filled to the short side (no bullets!) totaling 1500 shares, and ended the day with a gross profit of $521 and a net of $509 after commissions (IB is broker). I closed...

For short term trading (intraday to a few days) I like using the weekly chart of the NASD or NYSE and bias to the short side when the current week is below the low of the previous week and vice versa for the long side. I still go long against the trend in an oversold condition, but in smaller...

:)

I don't think Limitdown was referring to your opinion (which I agree with since I've done it), he was referring to the pooling of funds in a single persons account (originator of thread and a couple respondents).

This is fine, but technically if you are in different tax brackets it either penalizes or helps one of the parties. If you pay more taxes overall than you should (if you really want to), then your probably fine with the IRS , but if you start paying a lower overall tax rate between all your...

Everyone who has traded for awhile and has become successful has most likely paid a tuition of $10K to 50K (in losses) before they started making money consistently. The upfront costs are usually no cheaper than college. Simulations and paper trading are very deceptive.

Most importantly think of all the women at college. I'd go just for that again. You can use the pickup line "Hey babe, I'm a daytrader," and then have her pick up the tab because your broke. So the positives of college are: 1) Most likely make a good income for the rest of your life...

If you use interest income as the method to pay out profits the IRS will frown on that. They want income classified into its proper categories, i.e. capital gains/losses, interest, ordinary income, etc. That way their special rules can be applied correctly, like the $3,000 limitation on...

No reason you can't do both. Go to college and while getting a degree develop or find a system to paper trade. Then schedule your classes around your trading time slot and start trading for real. Another reason to consider college is they might want you to fight arabs soon, and considering...

I've invested with a group of friends where we formed a Limited Liability Company (LLC) which allows us to pass the gain/losses out on individual K-1's with their tax ID's on it. This will cost you $750-$1,000 for an attorney to prepare plus annual filing costs of the 1065 by a tax preparer...

Thanks Rigel for the reply. I should clarify what I'm asking better. I will have control of my IRA soon, but want a way to take the IRA money and invest it in my own "stock" (either own corp, LLC, limited partership) instead of a listed stock, so I can invest it without the margin and shorting...

I agree with avoiding the placement of stops on whole numbers. When I set my stops, it's always behind closest dollar if possible, then 1/2, 1/4, down to the nickel. It's amazing what a penny difference can do when setting stops. I learned after many times of losing $1,000 to save a penny...

Anybody know a way to take money in an IRA or 401K from work and invest it in a vehicle, such as an Limited Liability Company or Trust, that the IRS would approve of as a legitimate retirement account investment? Then take the LLC or trust and trade both long and short positions, bypassing the...

Sam, Def requested someone to email IB on the Stop problem and he did. The email pointed out a bug in the algorithm of IB's stop program. They responded and said they fixed the description of the algorithm. Apparently the Stop Algorithm is programmed correctly.

One way to look at the market is as a good, persistant bull market in reverse. I don't like the market because I hate trading stocks under $20 with my system and it's getting harder to find good stocks above $20 for me. There is definately an imbalance of consistent selling but as soon as we...

It seems when a buy stop is executed when the Bid trades through your stop, you will always be filled higher than your stop (at the Ask). I would rather be filled at the Ask when "it's" at my stop? I don't understand the logic either. I know I could adjust for the spread on each stop and...