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Posted earlier by Aphexcoil: "what am I going to do, trade 1/10 of an e-mini/" Aphie, the answer is... YES! Get your Dad's $25,000 and get your account out of reach of the PDT** monster. Then trade 50 shares of SPY as many times a day as you get a signal. ( .. 50 shares of SPY = 1/10...

There has still not been an answer to the original FIFO question. I would guess that the answer would have to be yes.. but stranger things have turned up. Thanks in advance for an answer.

Please be assured I appreciate all postings here. I may look like I am too dumb to follow directions.. but I am trying to develope my trading style. I know it is a painful process to watch at times, but I actually feel like I am making some progress. ( so it is microscopic, we take what we can...

Did ok on opening orders today. 2 shorts 2 longs. COF short +.60 had an order in to catch it. ZMH short +.31 ....and left some on the table. It dropped nicely, then stalled and started to retrace a bit. Got out right at the top of the retrace. I was truly trying to read the tape...

The SPY trades.

Another awful day. Not so much the market, but my trading. Actually the market was awful too until mid afternoon, by which time I had been clubbed enough to be too gunshy to benefit. I chased when I shouldn't, and didn't when I should have. I am trading the ETF's as a prelude to the...

An excellent offer, I will remember that. I haven't been to Las Vegas since 1977, and I hate to fly nowadays. But I do appreciate the offer.

No fills today... and checking back, the only ones that would have really worked were taken off by news. I have had some success with RD and even a little with BP. It was just looking weak, so I left it. On both days I WOULD have gotten an ok little profit, but at what risk. When the...

Ambushhillbilly, I am still cycling through several things. I will try to post a chart later showing another futile day. Am changing my trading vehicle again. Just can't trade the SPY blind, even though I keep coming back to them like a moth to flame.

filled on one. BP again. Long BP -.03 Again BP looked weak from the start. I checked and saw that it was a large gap down for the second day in a row. Bid/Offer and time and sales didn't look encoraging, so I left it after a few minutes. It would have turned out OK, but sure didn't...

Got stung just a bit today. -.22 on BP. Oils were weak and BP started down, I closed it out just as it turned up. :( Oh well, can't read the future. Could have gotten out even, but lately I am very wary of keeping a loser of any size on the books.

Thanks guys, Good remarks all. Actually, I am doing well in opening orders most of the time. Got stuck just a bit today, but everyday isn't going to be a winner. Will post todays trades in a bit. Thanks again for taking a look.

OK, Thanks, I have it now. :) No fills today, and didn't miss any I wanted..

Another no traction day. Finally got one late in the day to take some of the sting out of it. Waiting for that really good day to come along. Was in a good spot with the KLAC trade, but I had entered almost on a whim, so I exited it since I had no plan. Would have turned out great...

I am going to disagree with Old Trader here too. And I am going to agree with him too. Disagree: Trading 100 QQQ or SPY is not useful. Agree: You are going to have to trade much more than 3 times a week or swing trade to learn this daytrading business. I have stated before how I...

Thanks Don, I am still somewhat unclear as to whether you keep the late opening order (in the upper 1/3 or bottom 1/3 of the indication range) as an opening order or change it to a limit order. I question this because a limit order might be filed even if the stock opened in the upper 2/3...

Just churned my account. Traded with decent discipline, and the setups were tolerable for such a day. BUT.. part of being a successful trader is knowing when to step aside. I was trying to make something happen, and the market simply was zigging when I need a zag. Only the very first and...

Decent day, Long LMT for +.55 on a slingshot Long NE for +.50 same thing.. had an order sitting.. waiting to be hit. CB was a late opener. I took my 58.66 opening order off, then looked at opening indications. Was indicating 57.50 x 58.50. Was going to put in an order for 57.75, but...

Aphex, Just another thought for you. Whatever you do, you must get an account you can trade in and out several times a day if need be. You don't HAVE to trade that much all the time.. but there will be times that the trades dictate you get out - in - out - in til it works out. There...

Bung, I like IB because I can do these things for cheap. Doing things cheap is the best way to learn. Mwtooxx, In case you didn't notice, I don't have much of a clue exactly what I am doing. I have never tried to hedge a position before. This started out as a straight "buy a put"...