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    Basic Trading Terminology

    Aphie , Here is a good site that will give you every trading term you every wanted . Nas Investopedia.com
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    i want to understand this

    Gordon I like to think of the market not as a ball bouncing down a rocky slope in random directions but as a living thing with a thought pattern behind it. The problem is that thought pattern is usually fragmented. Like 20 people pulling on a rope but not knowing which direction to pull...
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    Anyone trade with Point Direx today?

    I was just about to open an account with PD but I went with IB because I trade options alot and PD had no options on line. I cant believe what I am reading, I almost shit when I read the posts. What the hell are they thinking!! We are in a time when every trader is valuable and bad news...
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    QQQs a pattern day trade?

    deadreader My brother trades options on the Qs with small account. it is so cheap through IB and options settle in 1 day so your cash is available quick. He trades ITM options which have really good delta near 100% they trade just like the stock. If you are trying to scalp it is hard because of...
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    hows it happening

    I don't trade futures yet just stocks and options. I have been wondering if the overall combined intelligence of all futures traders is falling because of the easy access to the futures market by beginning traders. Is this lowering the value of watching the futures as a direction indicator for...
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    Recovering from a bad trade

    When I loose on a trade especially a large one I have to force my self to realize that I am now smarter than I was before the trade. This experience that you just came through will make you wiser. Its funny How we tend to learn more from loosers than winners. You also have to realize that the...
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    i don't think the markets are random, i think they're like this...

    I was going to keep the Trade Tones thing a secret.... but what the hell, if we all use it maybe we can get the market rockin in the right direction. Gordon I also play guitar and bagpipes I know ...kind of a strange extreme
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    i don't think the markets are random, i think they're like this...

    By the way... The musical trading software actually exists TradeTones by Michael Phillips A free program (which includes C++ source code) which sets the markets to music! Choose a symbol and TradeTones will play a high note when the item trades at the ask price or higher, a low note when...
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    i don't think the markets are random, i think they're like this...

    The above post is totally fabricated. I just thought you all needed a break from your boredom. Happy trading!! Nas :D
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    i don't think the markets are random, i think they're like this...

    I know a guy that makes 20K a month. He trades through Cyber Trader and uses no charts what so ever. His total systems consists of a program called Market Tones. Converts any action that you want to program into musical notes. Example 2000 shares of INTC hit at the bid plays d flat Hit at the...
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    The "Holy Grail"

    My biggest mistake when I first started trading was to over trade. Be patient! Let the trade come to you, don't chase a trade just to be in the action. I cant tell you how many times I saw the perfect entry point unfolding in front of me except I was already in the trade 20 minutes ago now just...
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    Lets build a trading system

    Has any one used the the TICK as the entry signal and backtested using only reversals coming off of extremes, Maybe greater than 600?
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    Aphie

    I have to admit that my admiration and respect for Aphie has recently turned bullish. He has taken a little abuse here on ET and his only flaw is that he is extremely passionate about trading. He reminds me of an employee I once had. This guy had unlimited energy and never quit bugging me about...
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    swing trade

    Tech Analysis .. I am just starting to play with TC2000. Do you have any favorite scans or suggestions that have been working good for you? I see the need for a good scanning program for both day and swing trades. I am also looking at Stock Watch Pro but I have read some negative reviews about...
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    Do you encourage your children to trade?

    Although my 11 year old son is not all that interested in trading he loves trying to beat the system. He really does get it! Last night he comes into my bedroom well after he should have been sleeping and makes this statement. " Dad when you are trying to short a stock but there is no up tick...
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    Opening IB account. Trade PLan?

    Kastro, If you feel that you have a good handle on your favorite stocks try trading a couple option contracts. Only $1 per contract commission at IB and settle in 1 day. You can trade every day with $5000. and you will avoid a major blowout in your account in the event you are holding a huge...
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    Do you encourage your children to trade?

    My son has not read any trading books yet. He does like to read but if there is not swords or weapons involved he gets bored. He just sees trading as a big computer battle. He would like it alot more if there were sounds involved with the trading system. maybe an explosion now and then or gun...
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    Do you encourage your children to trade?

    My 11 year old son negotiated his share of the take with me. On days that he closes a trade for me he gets 10% of net profits. Some days he has sat there for nearly the entire day. When I come home he likes to show me on a 5 min chart the days action and what I missed. He thinks trading is...
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    "What Is Trading?"

    Thanks for the thoughts! How very true they are:)
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    Do you encourage your children to trade?

    My son is 11 yrs old. He played the stock market game in 5th grade. I think this is great, it gives the kids a look at the market and allows them to study any and all investment angles. I had to laugh when the teacher asked my son what long term trading was and his answer was "about 3 days". My...
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