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    YM Traders Unite

    Well personally i think Skype or IM/Chat is the best way to go. Just my thoughts. Hey phil buy a headset!
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    Brent's Journey to success Journal

    Well you know the saying good things come to those who wait. All i can really say is about time. I do have an internship for the summer secured. I start monday the 4th. I will be interning for a large brokerage firm, one of the largest in the world. Based on what i heard from the...
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    Brent's Journey to success Journal

    I really felt the need to post this. I was watching the YM trade this morning. I felt bearish in the immediate short term but i knew that the big trend was up. After speaking with my mentor last night i realized that my edge is not in exploiting these small counter moves but rather the grand...
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    Indicator to supplement S&R

    While what everyone does see the same things I see they can interpret them differently. I do feel i know why my method works now I am looking for ways to improve. One of the ways to improve to avoid taking trades where my edge is taken away. More than advice I was really curious if what i...
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    Brent's Journey to success Journal

    Been a while since i posted an update. Been pretty jammed at school the past couple weeks and havent got a chance to watch the market as much as i would like. For now i am going to abandon the market commentary as i got pretty much no responce but thats ok because I was only ever writing it...
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    Indicator to supplement S&R

    My trading beliefs center around support and resistance and being able to identify the trend. What I like to do is look at the major support and resistance levels on a chart and mark them. What i have found is that with this method the real edge comes by sitting on the sidelines when the...
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    2007 Summer internship UPDATE

    They had me fill out paperwork and also had me sign off so they could do a background check. I just havent heard back officially from them yet. I have some close connections that I am working to see if they can help me, they said if i was unable to find anything they could help me but wanted...
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    Risk/Reward Ratio

    For the YM i look for 1:3 but I will take 1:2. I use my estimated probability of winning along with risk reward to come up with an expectancy factor. For example: a trade with 1:3 and 1:2 can be equal if the probabilility of a 1:2 is high enough (.5 X 3) - (.5 X 1) = 1 = 1:3 with...
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    Allston Trading

    My buddies uncle is allstons IT director. Say hello.
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    2007 Summer internship UPDATE

    hahaha ME GRAD SCHOOL. HAHAHAHAHAHAHA. NOTTT interested. Ill work a whatever job, save up a stake and trade the YM and equity options before i go to grad school. hahahaha, god 2 more years of school is just plain scarry!
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    Trading Call/Put Options Around Earnings Is Exhausting

    As with any other method this can be a highly profitable method. I have a friend that has made hundreds of thousands of dollars buying options the day before earnings when he felt the Implied volatility was too low. The most difficult part he said was developing a list to use. Once you got a...
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    2007 Summer internship UPDATE

    Maryland is not a target school for trading. It does get a little recognition for the back office roles though. I am pretty active at the career fairs and when speakers come to give presentations. Honestly we dont have the best to pick from since we are not a tier 1 school.
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    2007 Summer internship UPDATE

    Hey guys, Its been a long time since i posted about my internship on this forum and thought it would be time to post an update. Over the past 6 months I have made steps towards making my goal of trading for a firm a reality. The first thing that I did was finally get a resume together...
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    Brent's Journey to success Journal

    Didnt quite expect the magnitude of mondays move but i was correct in calling the continuation of the bull move. Call me a bear I dont care but i have a feeling that we get a slight correction on Tuesday. Nothing big, im still bullish overall but a correction none the less. Look for Support...
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    Brent's Journey to success Journal

    This is the short term chart.
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    Brent's Journey to success Journal

    Hey guys for Monday I look for the bullish momentum to continue that we saw on friday. Prices seemed to have broke through that key resistance at 12670 that I had been talking about last week. What to look for- Support - 12640 and 12590 will act as support. Prices really V bottomed on...
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    Brent's Journey to success Journal

    Been busy the past couple days. Thursday went into DC for an interview with Morgan Stanley. That went pretty well, I have a work day with them this thursday. I guess it is pretty much a fitness test I hope that goes well. Yesterday I went to New York City to see Citigroup and Goldman...
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    Brent's Journey to success Journal

    Well it appears the bulls have ran out of gas, or are very close to it. The market has stalled the past two days. This coupled with the fact that market has ran from 12340 to 12670 without a pullback could be an indicator that the market is heading lower. For now I have a neutral bias. I...
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    Brent's Journey to success Journal

    Today the market approached 12700 as I expected and also as expected the bears countered at 12670. The trend is still up and 12700 remains the target. Key zones for tuesday Support - 12600, 12560 Resistance -12670, 12700 If the bears respond again at 12670 the odds are that this...
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    Brent's Journey to success Journal

    Right now the bulls are in control on the YM with 12700 being the area most likely to get a response from the bears. If the bulls break 12700 look for that area to act as support, if the bulls then fail to hold 12700 the market will likely retrace to the 12640 level. If the bears attemp to...
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