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It is absolutely possible to still daytrade stocks for good profit. You just have find the right ones to trade (catalysts/stories/RS) and minimize losses quickly; the market is not forgiving anymore for mistakes. Also, the best trades are in the AM, after that interest dwindles most of the...

Nitro, Nice performance .10 to 5BLN! LOL; Could you do me a favor? If you are in a charitable mood could you send 100K my way? I'd like to do some home improvements: (new kitchen, bedroom) etc..and you could really help out! Let me know if you'd like to help, and I will forward wire...

TECH=BETA=PERFORMANCE ...it's all a game now, not investing anymore. And it's pretty sad too. But good for trading!

Yes it is. The decimal places go 30 places at times (almost!); and today as I was trying to get long stock..it somehow automatically kept resetting my account ID, which I had to type in by hand, finally fixed that problem, by 10:10! Then I was bounced from server from 9:35-9:55 a couple times...

Or Short! Lotsa performance anxiety! When you can't short a 2.0 STDV in the SPY, you know people are just chasing performance...also seems eerily similar to first couple days of 2002! :( And we all know what happened then!

EGO

This is a good approach, and one I am doing as well. The markets have gotten to the point where the days of trading all day long greatly reduce consistent profits The best and most predictable moves (in stocks) often occur from 9:30 to about 11:00..after that it's rangebound and/or random...

From a day to day basis doesn't really matter much if you are a trader. But I would have to say that a day like today, or 2 more up days like this is a bearish start to the year. (See 2002 for same) For it still signals hope...hope is a bad thing; the abscence of hope would be more...

In all seriousness I just trade: up, buy; down, sell. Simple. It's just an interesting conversation to participate in when youv'e been doing this for a while and have seen some truly miraculous "saves". Nuff said from me on this subject! Figures, I take the day off and it's a good one...

No the Consumer Confidence # on Tues was the one that was ignored...the lowest reading in years..and not coincidentally we were 2-3 handles from a complete meltdown..look at your daily SP chart, there's NOTHING below SP 865, we were at the exact levels of the 4 DAY rally from Oct lows! Twice...

I agree with you 100% on just watching price and vol, 99% of the time i do so as well , but man on that other 1% when ever things look so dire, the rewards are sweet! Thanks PPT! Good trading

Just look, on Tuesday the world was ending with the Cons. Confidence #s, and it looked bleak, but now just a day later all's well...hell it's downright euphoric again...come on, if you don't think this is manipulated? Also checkout the Greenspan Put theory, where Elmer rescues the market at...

No I am not rich, just observant; as to your snide remarks, I do not work the day after Thankgiving, Xmas or New Years, personal choice...and yes I have used the PPT to my advantage..in fact I had my best week in 2001, after the market re-opened from 9/11...only going LONG...did you?..Hard on? I...

Without the PPT the DOW would be at 5000, the SP at 475 or so, and the Nazz at about 850, the PPT is supporting the markets to avoid a complete meltdown in Consumer Confidence (See Tues), and they are trying to bide time for the "fundamentals" to kick in...biz spending, better EPS, etc, the...

I do this almost exclusively of late; CC=Short RLX; ISM=Long CYC...works almost always! Gotta be creative. Good trading in 2003!

Absolutley!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Easy..you summed it quite nicely...after be a high-flyer for 2000-01; 2002 was my humbling year; pressed and pressed more when there was nothing to press!; I shoudla been a dry-cleaner!....Here;s hoping you get your breakout year in 2003..cause there;s nothing like it!!! Been there; done it...

Don't know how long youv'e been at this ...but if you don't believe in the PPT by now, you are incredibly naive. I can recall countless days when it looked like we would break hard..only to reverse...who do you think is stepping up to the plate? Come on now...be honest! We all know the...

PPT running out of cash...how many times can they hold the levee. Consumer Confidence # should have this market down big-time, will they come to the rescue again?

I had this problem last year; my friend is a computer geek who racked his brain trying to figure this out. I am not sure what trading platform you use (I am using REDI), but he basically found that the Soundblaster Card and AMD Chip/Asus Motherboard " and REDI did not "like" each other. I am no...