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Keep it simple, kinda like a car that has to many bells and whistles will have more potential to break. Use it till it no longer works. Trading methods that work now may not work in the future. I did a similar thing with my trading method. I made it to complex and this reduced my profits...

I do not think that it is pertinent to someone who is an experienced trader. As I stated in my previous post “Random Walk” is an academic theory that actual trading experience has shown me to be false. It is a topic we respond to in an effort to share our experience, in a basic way, knowing...

NEW YORK -(Dow Jones)-, program trading during Oct. 24-28 amounted to 57.3% of NYSE average daily volume of 1.83 billion shares, or 1.05 billion shares a day. In all markets, program trading averaged 1.68 billion shares a day during Oct. 24-28. About 62.2% of program trading during Oct...

It is hard to respond to this statement and question. The statement "The market goes up when more traders are LONG and it goes down when more traders are SHORT." is incorrect in the assumption. The question "Yet, why is there so many losers? 95%?" is vague. Are you asking why so many traders...

Not all funds perform dismally. Depends on the fund. I held FSENX (Fidelity select Energy) from January of this year to October of this year. I was in and out only twice and made just shy of a 100% ROI in 10 months. Depends on the fund and what it holds, fees. loads, ect. I like the Fidelity...

That is it exactly. I use the MACD and understand exactly what it is telling me, it is invaluable. T/A is useless if you do not understand what chart patterns, resistance, leading and trailing indicators (and know the difference) etc. mean. The combination of a knowledgeable use of T/A...

Ditto!!

There are some stocks that take out the stops on an almost daily basis. I do not know what stock you are referring too, maybe post that. If you are trading a thinly traded stock, the MM's or Specialist know where they are and will take them out if they can. My suggestion too you is if you can...

$100,000 minimum. You will be required to maintain the $25,000 minimum Day Trading Account Balance. You will lose money when you start, count on it. This will give you breathing room. The $100,000 will give you 100,000 /.25 = 400,000 in long buying power and 100,000/.30 = 333,333 in short buying...

It would really depend on how you plan on trading and what size lots you trade. I trade mainly 1000 to 5000 share lots so a low fixed price per trade (I pay $8.00 a trade) is my best bet. If I trade 5000 shares it cost me $8.00, 5000 x 005 = $25.00 That is $16.00 verses $50.00 round trip...

I Trade equities for a living full time (no other source of income). I have been trading for a living for 16 months. I lost money the first 9 months and have been profitable for the last 7 months. I am net positive after tax now. I use Fidelity Active Trader Pro w/Wealth Lab. I had a 401K...

I agree with you on this. I think that Pat can not say too much due to the law suit and his attorneys have advised him not too. Looking vulnerable is a wise way to maybe draw out an emotional response that may prove valuable in the suit. There is definitely something funny with the float. If...

The Title of the thread is “Is the trend really your friend” so I will first respond to that. Yes, trends are your friend, if, you know how to identify them and trade them. Since we are traders, not investors, we focus on shorter term trends and use longer term trends to further direct...

You would never have those results using real money. The psychological and emotional pressure of fear and greed using real money are not inherent in paper trading. I could add other reasons but you get my point I hope.

Have to agree with this post. I watched the stock from time to time while I was in a short position on YHOO. No way I was going to gamble my account principal on this. With that said, I am going to watch it. When trading stabilizes some and shares are available to short (not that I may short...

As I understand it that is correct, the brokers should actually have the shares on Wednesday so they can loan the owned shares out to short. I agree, no broker will loan the shares out pre-maturely, at least no sane one would.

Bidu has 4 million shares outstanding. Todays volume was 22.5 million. Flipped the 4 million 4.5 times. This is truly amazing to me. This tells me that lack of supply for the demand, not considering g anything else, did account for a considerable amount of the run up. I am really going to...

I am not 100% positive, but I do not think it can be traded in the Pre-Market as it will not actually be an offered until today. Here is something to look at http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh84370_2005-08-04_09-52-55_sha91120_newsml , be very careful on...

Based on my personal experience trading I have to disagree with that statement. I use TA to identify POTENTIAL set ups for Intra-day, Swing, and Position Trades. TA is most often the method I use for Intra-day trades. I do not solely use TA. TA is much more successful if used with a...