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    Why "average down" comes naturally to the average Joe?

    averaging trading is ok. I did lots of averaging trading, most are averaging down, some does not work, some works with massive profit. like today's CI, when I saw 10 under, I started to buy it every 0.3 cents down until it start to move up. it turns out it is a big winner. or like...
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    was anyone able to short WFC or GS today? at IB, i couldn't...

    I was not able to short QQQQ at the opening, then I changed to buy QID. pleasant ride
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    Face it! 95% of you wont make it, so go get a job!

    I do not agree with the first point. first even you have siginificant un-depletable capital, if you do not know how to use them to extract money from the market, you may do the reverse, keep flushing your money into the toliet. just like an army, if you are not a trained qualified general...
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    Why I am A loser

    if you want to suvcceed in this bussiness: first you need sufficent fund, if your account is just around 3k~30k, that is not enough. you must fund your account at least above $50k. my suggestion, go back to school, get educated and get a good career, then rent an aprtment (do not buy house...
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    Bad habits and good habits

    my good habits: 1. go against the market, market up, I short; market down, I long. this habit is very useful in the current bear market. 2. act fast in taking profit my bad habits: 1. when my daily logged profit target hits, I starts to be a sheep, I become too nervous, and i am...
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    Anyone had near blowup experience?

    yes there is sure trades. if you do not look around hard, how do you know? we all know "fast money will not stay", look at today's finacial stocks, you know in the opening, they are all in the sky, some is up 100%+, if i bought it last night, sure it is time for me to cash out my profit...
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    can't stay discplined

    there is no perfect thing including taking profit/entry/exit. never blame yourself. the market is not in your control. there is no perfect thing. you can not squeeze every dime on a move becuase the market moves wildly with lots of noise ticks. congratualtions to yourself, you made some...
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    Stops Vs. Drawdown

    all depends on what type of traders you are. in scalping, stop really hurts . in intra-day swing trading/trend following, stop makes sense, but unfortunately the market you trade may most time not trend. in overnight trading, stop is useless, the right tool is OPTION.
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    Stops Vs. Drawdown

    I agree with your post. if you do not know how to swim, even with lifejacket, you will still be drowned, am I right? for me, if I left the trading desk, I need the stop loss to take care of my opened trades in case unexpected things happen, otherwise, particularly in day trading, stop loss...
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    Denying Reality

    you can not teach an amateaur about stop loss, profit target, R/R ration.... plus trading is not science, just an art. actually I do not use stop loss, and I do not have profit target, I just use my gut feeling and read the chart, most time hard stop loss will create lots of loss...
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    Denying Reality

    first not let fear control you. then must undersand: market up/down is out of your control, you are trying to control things that is uncontrollable, if you are not losing, that is a miracle. take a small size, for example 100shares, that will numb your fear and makes you more objective.do...
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    Ospraie fund down 38% and closing up

    ABK in two months 8 fold gain RDN .... PMI.... XLF jumped at least 25% from its bottom I doubled my money on buying WM at 3.13 and selling it at 6.05 just a couple days what are you talking about! lots of airline stocks doubled and tripled .... like CAL, UAUA, NWA....
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    Google bringing out own browser !!!

    what Chrome will do? they will lay some cookies in your computer, track what you traded, which site you visited, and ..... so GOOGLE will know everything about you, you are in losing situation, do not let google control you, you control yourself and you win
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    Google bringing out own browser !!!

    plus my web browser can automatically fetch stock quotes and dump some interesting movements into my excel spreedsheet, even login to my trading account, and trigger buy and sell automatically very simple
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    Google bringing out own browser !!!

    you guys are traders or tech-pro? I would think CHROME is just another chance to short GOOG ? personally I hate GOOG's nasty competetion way, and evey time it rallied, I shorted it and everytime I won, hope stired up big market movement, we traders can take advantage of it! who cares they...
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    I still have to know a daytrader who makes money in the long run...

    so the basic thing you can do is day trading. from day trading, build your wealth, even though take time and hard work, but you must understand one fact: nothing is automatic, particularly making money. in the case of investment, you still need frequently check the market fundamentally and...
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    I still have to know a daytrader who makes money in the long run...

    whether day trading or long haul investment, the key to success is discipline, do what suits you. if you do investment, and you can not resist checking the quote, you are not able to succeed in investment, most people can not do it! that is why we only have one Warren Buffet. do not parrot...
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    One bad trade = 10 bad trades

    I have the silimar problem. but I conquered it. when I got loss, I reversed my holding, if the reversimg does not work, I killed the symbol and found another one to deal with, if that works, I focus on that one and quickly recoup my loss and gain more, when I climbed out of the hole, I put...
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    Scared Money Don't Make No money

    that is why you feel volatile, if you do not know ehy you enter a trade, then the money is just sacred money. it seems to you, either way, you get hurt. when you entered LONG, that does not work, after you reveresed, you get hurt again, ... and and on, that is "volatile" . gee,
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