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I would recommend staying away, it will eat at you unless you commit 100%... I am talking 100% committed or don't do it at all.

The problem with this system is that it completely ignores the dynamics of the market and what it is trying to tell you. Usually a stock that creates a large price gap in a direction is telling you something... would seriously advise against buying stocks on weakness in this current environment...

Welcome to the forums! Your timing is good, as there used to be more trolls on here but they all seem to have died with this bear market... hmm I also think you are approaching this the right way, so best of luck.

No kidding.

Money does not dictate class. You sir, have none.

I used OH for a while. Executions are ok. I like it, but stopped using it since there are some stocks you cannot trade like OTC stuff.

Erik I gotta say I like your creative analysis about insider buying... very similar to how Livermore thought about the market. Personally I believe BAC and C will probably not survive this based on how they are trading.

I wrote a progra. to check on averaging down, and that is unprofitable. Averaging up IS profitable but it needs to be done correctly. You should always pyramid bottom heavy, reducing each subsequent position relative to the previous one.

Poker is legit, but the reason the transition from poker to trading is not as easy as vice versa... there is a lot of transparency in poker in terms of theory and generally accepted concepts. People will shares tactics and discuss hands. In trading, styles vary so much and strategies are closely...

If they are dodging the subject of mentorship and training then avoid them.

If the stock was being hammered by short sellers and nothing was truly wrong with the company, the insiders of the company would step in at a level and start accumulating shares. Since Lehman was not worthy of proping up by insider buying at any price, there is essentially a vacuum under its...

I can tell you what's been showing up on the tape for me... healthcare, biotech, alternative energy

Half the game is simply identifying and following the trend, the other half is (unsurprisingly) knowing and anticipating a change in trend.

I am a tape reader and my method lends itself well to high momentum markets like the current one. I believe Reminiscences... spells it out right. I average better than 7 out of 10, but in effect what I am doing in trying to catch the fluctuations is grinding for a living. Since Livermore's...

Sure, but you speak of speculating as it's a bad thing... In the commodities arena, some counterparty has to take on the risk that farmers or producers are trying to offset. This parallel works in every market. People put a premium on risk management and transferring risk to a third party...

mmm threads like these make me want to reevaluate my long positions i am currently holding

Your PMs on this site are blocked

What you have outlined is the reason why paper trading produces better returns than trading real money. However, I would like to add that while it is true that investors tend to be risk averse like you mentioned, they are risk-seeking in losses. This is probably the biggest difference in paper...

Market action was flat today, although if you picked your spots right there was a lot of volatility in individual issues.

If you do a half-assed job of destroying the HD, bits and pieces of data can be read off the remains: I suggest igniting thermite over the HD.