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Hi Anybody have an exercise or method to stop trying to pick tops or bottoms in trading? I've been selling into this rally like mad, convinced "this is the top" and haven't been able to stop. Everyday it's the same thing, Im "convinced" the market can't go any higher and a correction is...

I use Investor RT with DTN IQFeed and it works great, Im very pleased with the product. Support is also excellent, the minute you send them an email (direct, no going through tedious forms) they reply. J

FB Do you know if volume on a 2x ETF that follows the S&P can be used as a proxy for market volume? I cant get volume from the S&P per se with my charting/data package J

Would you be willing to accept that this market can continue to go higher? The nasdaq is up 33% YTD I'd like to gauge the mind and thoughts of my contrarian, i.e. anyone willing to go long from here.

The higher this market goes, the more I feel and urge to short it. I need to work on this, it's not getting me anywhere. I aso think making money being short is more fun than being long. Anyone can do that. Lessons learned.

Will Do!

Yeah, well I'm actually not getting sqeezed per se, its more like Ive taken 2 short trades today, and have gotten stopped out on both. First one was at the open given what I mentioned previously. Got stopped out around 11am Then shorted again higher, on the basis of the downward trend...

Futures were down, ISE Index was down, Lehman anniversary is tomorrow, insider selling is at yearly high, etc. etc. etc. etc.

Just got squeezed again f*&ck

Don, you make a great point which I actually forgot to mention on my last post with respect to what I take away from this thread: If the longer time frame trend is up (as is clearly now the case) short trades should carry a smaller, less aggresive risk:reward ratio. I day trade SSO, the 2x...

Ive been short on many occasions since July, on and off, not a single trade since July (Ive learned at least the first rule by now, cut losses short) So Ive been wrong many many times since July and cut the losses short but its beginning to add up I guess from what I read, I take away 2...

thanks. this has been a recurring mistake of mine and one that I need to work on

you might have a point here...

Ive been squeezed to death since early July, since then I have been trying to catch a decent run on the short side, and have been always wrong This week and more so today, It did seem like the time finally might come. And yet everyday at 3:30pm the market is run up Can we expect to...

And it seems to be every effin day at 3:30pm Is shorting dead?

OK, so its the Fed Will they ever stop? Or will this go on forever

Seriously, is there a way to find out?

Who keeps buying into this market? I thought there was pretty much agreement that 50% was enough (since March) and profits should be taken Who is it?

long FAZ

You are completely wrong Trading is only somewhat similar to gambling if it's a fixed stack card game and you're counting them. J