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I bet no one predicted that huge gap down today. Anyone long on Friday morning could have some profit left by the end of the day and have the account in the red just at the open today. If you keep it a little longer praying the gap would be filled, well, you would have lost even more. None of...

Fast and cheap. IB is the trader's best tool (when there is no glitches)

Which retails firms have the best features of trailing stop loss? By best, I mean being able to execute the orders quickly. By best I also mean not having the order taken by a market maker who sees the stop loss order to take it. I always use mental stop but wanted to have some feedbacks for...

Everything is possible. I've seen high school kids starting with a few hundreds and retiring before the age of 30. I've also seen poeple working all their life and lost everything in the past two yrs.

Go for DSL. You dont need T1 for trading.

You have a base salary, usually very low. The rest are commisions and bonuses. If you have to choose, become a trader. Brokers know nothing about the stock market. All they know are the rules and regulations. Look at the Series 7 test. BTW, traders also have to take this test now, but that's...

If you trade big lots, IB isn't the best broker for you. Look for more classic brokers such as ET or Ameritrade.

I think protrader does.

I wonder how he does. Since commissions at ET are about $10, the stock has to go 2 points before he can even break even.

No definite answer. Some traders are. Some aint. It's like asking if you find a briefcase full of hundreds in your backyard, would you keep it or give it to the police.

Thanks for the sites. Found some pretty good deal.

You actually dont need too much sophistication for trading. A 1 Gzh PC and cable internet connection and UPS are enough. Develop your trading strategy instead.

The best job is trading. Trade. Make money. Be happy.

No. It's too low now. It can and may probably go lower but it's not worth using part of your buying power for it.

Dont risk your money with swing trades. Do daytrades and if your maximum limit is reached, just wait a week.

It's very hard to know the ultimate exit price. You always want to wait for confirmations. My advice is not too be too greedy. You get one point, take it. It may be going through the roof but you already have your point, haven't you? Also I find it clearer to have one point of view with the...

Software glitch but you already know it by now. I picked up shares at $1 when it happened before the market opened but got a call from IB saying they were all busted. Same thing happened with SUNW with its price jumped to $10. If you follow the market during the day, you'll notice that this...

Learning about the market is a good step. Swings are a good way to make money. But if you want capital protection and complete control over your stop losses, daytrading is more appropriate. (i.e there is no way you can control stop loss with a stock that opens with a gap the next day). Try...

Part-time FL. Live and trade there in the winter. NY resident for the rest of the year.

Probably not. But it happens all the time. Mental stop are better.