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It's about time scales and risk. You want to get in and out fast and make sure that your losses are never more than a couple cents? Well, your profits are probably not going to be that big. You are comfortable holding for hours or days and potentially taking bigger losses? Now you can target...

Don, I'm glad that you have found some good reasons to stick around on ET. I was with Bright for a while, largely because of your presence and support in these groups. You seemed smart, willing to teach, and open. There are criticisms, sure, but I learned quickly that each firm handles...

Does anyone have any experience trading Rockets with equities? I've heard people mention this, but haven't been able to get it to work in practice. I notice that many of the setups on the 5min chart get confuzzled by the natural intraday movement which doesn't translate well into indicators...

PW Eagle Board Grows to Seven Members, Forms Committee to Look at Possible Sale or Acquisitions: http://biz.yahoo.com/ap/060530/pw_eagle_board.html?.v=1 Traded up to 28.54! At least you realized your profits which is more than I can say. Well, let's see what it does tomorrow... Did...

In Bright offices, the head traders get a small cut of the comissions of traders in their office. In the short term, you're right that they are rewarded for encouraging their traders to churn. But I think that most of these head traders understand that, if their trainees become profitable and...

I just left Bright, so I can share my experience. Don't mean to speak for everyone there, though. It's a bit of a family operation, so I'm sure there are plenty of special deals going around. When you first join, you are essentially trading out of a retail account. You will get low...

Can you clarify this, please? In http://www.elitetrader.com/vb/showthread.php?s=&threadid=38777&postid=859367#post859367 you say: So I understood that our entry signals (stochastics & MACD) are based on the 30 minute chart, and not the daily. But looking closer at your charts that you...

Hmmm... not good! I thought I was right on track, vanilla Hershey Equities method, but if my thought process is confusing others, there must be a big disconnect. Hopefully it's just my ability to communicate. Let me explain. From what I understand, we wait for stocks to enter dry up...

I watched that. And watched the sickening drop back to .63 without selling. Like you, I'm trying to stick to the written rules. The large volume for the rise makes me hopeful that it'll retest. Have you been watching TSCM today? It has almost done it's 10% move in one day. Good trade for...

I'm in PWEI at 27.45, and staying out of TSCM. PWEI has shown some follow-through volume, but I'm not so sure about TSCM - there are three block prints of 50,000. Staggered through the day, true, but it still looks like one buyer. Going to keep a close watch on PWEI to see what it does if...

After a few days without any signals, blammo, TSCM hits LBDU in the first 5 minutes of trading! Something about the 50,000 share block print isn't filling my heart with confidence (especially since LBDU is only 70,000 :) ) I had this problem earlier on another stock, so maybe I'll ask the...

A Jack Hershey glossary, that's too funny. I guess I'm not the only one to feel like he's talking a different language :) Thanks for the links, cnms2. I'm slowly working through the MSN documents and I think this will help a lot.

I've been reading a lot of his posts, and especially in the discussion of futures, he is using so many unknown terms and acronyms that I get totally lost. For instance, what is a gausian or FTT? I've just started trying it out. Took a look back at some charts and they seemed to have...

I've been trying to avoid looking at the "big picture" (SPY, eminis, etc.) and focus on following the signals. But they're telling me to do nothing. I got two volume alerts for my DU watchlist, but everything is negative and stochastics are in the tank. For my discretionary trading, I took...

I've seen a lot of posts relating to Jack's strategies for futures and for 6-8 day equities trades, but not much else. Does anyone know if Jack has written much on trading equities intraday? I believe he called this the "drift" period, but haven't been able to find anything more. thanks.

Very much so. Thank you again for helping to bring me up to speed with what you are doing.

My dry up watchlist is: BNT CNTF MIND SFCC I'm also adding in MEK and FMD because they just edged above their DU upper bands without much movement. I'll keep an eye out for a volume breakout tomorrow. I notice that only one of the stocks in your list are in DU. Are you concentrating...

CTHR triggered a volume alert for crossing LBDU around 11:00am. MACD and Stoch look good. One large print (2,900) which went of at 9:30 and was, I think, on the opening (I can't see exchanges on my historical T&S). Volume has dropped off precipitously, so I'm holding off on this trade until...

Do you mean TFSM?

I'm curious about how to handle CKCM now. Do you wait for it to go back to DU and then wait for another run at FRV, or if, on Monday, it crosses LBDU early in the day and the stock & MACD line up, is that still a buy signal?