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I don't hold overnights , long or short overnight is equally risky to me. As for daytrades with the uptick rule you essentially sell something that starts going up . Depending on your risk tolerance your stop actual or mental can be hit very quickly, a move up a quarter can happen in a blink of...

Don, My comments reflect my experience. You have no doubt more experience than me, however I suspect you have an agenda when emphasizing the profit opportunities on the short side (with bullets of course). I am just trying to give another perspective and dispel some of the myths and...

(For the record I am a college dropout ) Don't know why some try to compare the advantages of a Wall St job with being a "daytrader" . I don't think the real reason for trading is money, not for me. The odds of making very good money are better working in an IB. So is it better to be an...

why do you use COMP numbers not NDX or NQ? Often NDX will violate a support but not COMP (and vice versa) .

I trade with the clock and make sure in it's in synch with my quote providers up to the second. Anyway if you edit you get editing time :) now 2:36

MOVE STP 1091.5 allright the time stamps are not accurate , so posting calls here doesn't make sense.

Ok here is a call: short ES, (NQ) stop 1094. RETEST 1088

Dedefina, Sorry for what happened, this is not acceptable. I thought an ISP problem would not prevent stop orders to be triggered since they were on IB servers. I try to favor emini entries in the first phases of a trend and avoid shorts before 10:15 am so in case of technical failure, odds...

Magna, many illiquid and inactive stocks will show up on scanners New Kids for ex. are often illiquid , have large spreads. Scanning is great in a good market. There's always something moving of course but in this market I 'd rather stick to the few issues I know. But it's worth taking a...

IB has been on and off since 10:15 what is this joke? it's time they get their act together. Just when they said their internet connection problem was resolved it's down again just when we have breaking news . This is unacceptable.

About the CKFR setup and the scanner, I think the scanner will probably show some nice setups but with many inactive, low volume stocks whose personalities are unpredictable, without a volatility/liquidity event like today in CKFR the outcome of a trade can be quite surprising.

Brandon, The title of your thread sounds like typical advertisement :) Yes! You can do it ! with.... BTW are you sponsoring this site yet? Why are you posting real time calls here when I read you saying in your room that your room was not about making calls but about education? To be...

Exempt from SEC Rule 10a-1(short sale rule). http://nasdaq.com/structuredeq/holdrs_smh.stm it also says 150% margin on short sale.

Good idea Fx Trader Exchange are becoming for profit entities , primary source of revenues: quotes.

Because people think they should go short or long as easily, many think that they can always take a position so if they are not long they should be short they think. Also they think the short side is sexier because that's what the "pros" do and it's cool to make money when it goes down...

Babak has a point here.Nasdaq fee is 10 bucks. As far as I am concerned, Level 2 is almost worthless now . I would advise against paying more than 30-40 bucks for it as providers still charge much more if you want the gimmick in addition to charting, you might not even need it .

IMO the only reason to write a book is to use it as a marketing tool to promote an advisory service or gain notoriety to raise money from investors. Let's be realistic here, you don't make a lot of money with a book and why give away your trading tactics if not for a good reason. The only other...

I am sure you can make a living no matter what the market does with enough capital and experience. But I am talking about making it big here, every trader wants to be a big player one day. When you see the Market Wizards for ex. most of them traded during the megabull market started in the 80's...

Sometimes I ask myself this question: can you become a great trader, a million dollar + trader in a sideways market? I mean can anybody mention a trading legend who didn't make it first in a raging bull market or a new, inefficient market ? Or should all the small traders stop and come back in...

Interesting comments. I have to say the trading of the eminis is much more difficult than trading stocks. It's the ultimate daytrading challenge especially for the small traders. And the market changes in subtle ways for ex. I had identified some very reliable intraday chart patterns last...