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Yes, 50% of one security in the portfolio is pure stupidity. I have been fortunate lately in not losing money in my large holdings. I am doing research now on stocks to add in order to diversify. However, I believe that once I get about 10 securities in my fund, one will be my major...

Trend fader, I think there is nothing wrong with trying to set a goal of 5% per month and trying everything to achieve it. Having a goal to achieve will help push you if you are not yet near the goal. I think that the reason we see such a low success (over longer terms) in trading is...

DOW 9,348.80 NAZ 1,765.31 S&P 993.05 Yesterday's Holdings: JNJ 10,100 Value: $1,107,737.25 Cash: $608,797.25 Stock Value: $498,940.00 Now holding: JNJ 10,100 shares Value: $1,109,101.65 Cash: $608,747.65 Stock Value: $500,354.00 Change for day...

Yeah, 1 mil is a lot, but it is what i am running on my "virtual fund" at marketocracy. Like I said before, they charge .05 a share each way, plus sec fee, so this is not an ideal way to day trade, and this is not what I am expecting to use it for. I think that my success has been from...

Yeah, I am doing some risky volatility stuff. In real life I know I wouldn't be trying to play around with this kind of movement, however, I would consider entering in on a beaten (intra-day) stock. Real life I would enter into a week long trade at shortest. I guess regardless of whether I...

Second day trading DOW 9,423.60 +26.10 NAZ 1,777.55 +17.01 S&P 1,003.27 +2.97 Yesterday's Holdings: HD 20,000 HPQ 2,900 Total Value: $1,098,243.78 Cash: $389,423.78 Stock Value: $708,820.00 Today's Trades: Type Symbol Quantity Net...

I have started trading on the oanda simulator and after having some difficulty, have started to make some money (fake money) off forex. I have been entering into large EUR/USD contracts, looking to get 3-8 pips per trade. Tonight I have placed 8 trades, with gains of: 8 pips 3 pips -2...

Oldtrader, I appreciate your lengthy and informative post. See, I do agree with you that there may be some "resistance" points, and that they do provide information. What I would think they tell you is that without some kind of new consensus or some news about the stock/economy/markets...

I'd like to hear some of you explain to me just one- Is there any reason why technical analysis would ever work, other than people believing in it working? The only reason I consider technical indicators is because some people use them for their investment decisions. Fundamental is useful...

Just so you all know what I am paying per share, etc: -I am paying .05 a share with a maximum commission charge of 5% -Sales will be charged an SEC fee of the proceeds of the sale divided by 30,000 As you can see, the virtual fund that I am running on marketocracy is not very...

Commissions are in there, yes.

Second day trading DOW 9797.50 NAZ 1760.54 S&P 1000.30 Yesterday's Holdings: HD Home Depot AVG Price of 32.56 29900 Shares valued at $961,584.00 Today's Trades: Buy HPQ HEWLETT-PACKARD 6,200 @20.04 $124,252.00 Sell HD HOME DEPOT 9,900 @32.57 $322,404.68...

I have found something similar- on the first day, the sellings (varying degrees). The second day either people start buying back or there is a moderate selloff (for some reason the stocks I watch do not frequently have a large 2nd day selloff). The third and fourth days then depend on that...

In reply: at this rate you will have 2 mil in hd by the time it hits 31.50. in your first post you said there is no reason for the market to go up. in the last post you said there is no reason for hd to keep going down. seems like you are trying to out guess the market. At 31.50, (29,900...

DOW 9428.90 NAZ 1761.11 S&P 1002.35 Entered into HD (Home Depot): 7,600 $32.64 6,100 $32.60 10,000 $32.58 2,800 $32.59 300 $32.31 3,100 $32.25 AVG Price of 32.56 29900 Shares valued at $961,584.00 Home Depot released better than...

And what is your strategy in following the tape. If anyone else does this, please let me know what you do.

Would like to hear about what other people think about near term and what strategies they are using. Comments?

I will start my journal tonight, and post my trading from tomorrow- Aug 19. DOW 9412.40 NAZ 1739.49 S&P 999.74 Since inception (about a month ago), my virtual fund is up a little over 10%. I am looking to do a better job of managing my downside fluctuations (without the ability of...

Could you please tell me what you consider the difference between day and swing trading?

I am hoping to find someone that can provide a strategy that bear no resemblance to what they are excercising right now. I am just looking to see what inputs they have in a previous strategy so I can more easily and successfully form mine- derivtrader