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  1. lindq

    who is your favorite ET trader

    Golly, do we also get to vote for Best Looking, Most Popular, and Most Likely To Succeed? Then will you sign my yearbook?
  2. lindq

    Briefing.com

    Most of briefing's news is reprinted on other sites such as Yahoo, and by the time you read it, it is already old news. Trading upgrades or downgrades premarket won't get you anywhere, unless that news happens to put a stock you are tracking into a position you were hoping for. But trying...
  3. lindq

    What's different now from 1997 and 1998...?

    With the DOW still under 10,000 and earnings looking very strong, I'm not sure the exuberance is all that irrational. I would love to see some weakness, but there are good reasons in place for this rally to continue for a while, with only some very minor pullbacks.
  4. lindq

    What's different now from 1997 and 1998...?

    Well, still not sure on what basis you are buying or shorting. But swing trading generally lives or dies based on a minimum level of movement in the overall market. (Obviously, no movement, few trades. More movement, more trades.) I recently ran backtests on market indexes because I was...
  5. lindq

    Trader Status Tax Questions

    An important issue is whether or not you are working at another occupation. If you are, then your trader status will probably not cut it with the IRS. But f you are living on your trading income, 650 trades should easily be enough to qualify as a "trader in securities". Regarding your...
  6. lindq

    What's different now from 1997 and 1998...?

    Neutrino, I would think that before launching into a long discussion, someone would have bothered to ask you what kind of swing trading you are referring to! (As so often happens here on ET, otherwise well-intentioned folks will often build a 20 page thread without ever answering the question.)...
  7. lindq

    Forest Gump Trading Manual

    Trading Tips from the Forest Gump Traders Manual #12 - Just when yer thinkin things are too high, or things are too low, yer better off just not a thinkin. #14 - Mama always said that what a man sees is a lot more import-ant than what a man thinks. Cause no man ever knows what will come...
  8. lindq

    Dispersion Trading

    No, fortunately a few years ago I became an accumulation trader.
  9. lindq

    Dispersion Trading

    Yes, that is when the funds in your account are quickly dispersed to other traders. This is a term you will hear most frequently among day traders. The flip side of "dispersion trading" is "accumulation trading", whereby funds accumulate in the account from the losses of the very same day...
  10. lindq

    Any Position Traders Out There?

    Please use your own exit rules as you see fit. I only posted this as an example of what can be done with a simple swing system. I don't trade this system, but I do track it as an indication of when to heavy-up on long positions. You may find it of value on its own, or as a backdrop to...
  11. lindq

    Position trading - when the market runs away from you

    Seems like you just answered your own question. If there is no obvious low-risk entry point, then why would you enter? The only reason you would enter is because you are anxious to make a trade. The toughest part of swing trading - and that which clearly divides winners from losers - is the...
  12. lindq

    Any Position Traders Out There?

    Here is a very simple swing system that should demonstrate to anyone that there is value in holding overnight, and value in buying pullbacks in a trend. The following system was run over the past 12 months, Oct 9, 2002 to Oct 9, 2003. BUY RULE: Create a list of the DOW 30 stocks. Log...
  13. lindq

    Any Position Traders Out There?

  14. lindq

    Any Position Traders Out There?

    I like that theme. SWING TRADERS - WE OWN THE NIGHT.
  15. lindq

    Any Position Traders Out There?

    There are swing traders here. But we're busy booking profits. The great majority of posts you see are from day traders who haven't seen the light yet. They're still living with this ridiculous irrational dread of holding an instrument overnight. I figure it stems from their...
  16. lindq

    Technical Analyst to Trader journal

    I also applaud your courage for posting some tough trades. Take a look at a 5 minute chart of the day. You will probably see that most of the day the market was in a very nice trading range. Super for buying support and selling resistance. I was able to clock 4 for 4, no sweat. Because...
  17. lindq

    Follow Up to "Questions from a Newb"

    Here are his rules for picking stocks... 1. It is easier for a stock that is worth $1 to raise to $2 than it is for a stock worth $30 to go to $60. However, either case your money is doubled. Therefore, he said go for cheap stocks. REPLY - Bad idea to ever limit your universe of stocks...
  18. lindq

    Technical Analyst to Trader journal

    I'm not trying to be critical of your efforts, but I do have a simple observation that would probably be obvious to anyone reading your posts. You say you are a trend-follower, trading intraday, but only breaking even. But since July, when you began this system, we have been in one of the...
  19. lindq

    Technical Analyst to Trader journal

    Absolutely correct. But it appears on reading thru your last few posts that your bias toward strength or weakness is a big part of your thinking. You might want to revise that? Old and true saying may be appropriate: Trade what you see, not what you think.
  20. lindq

    Questions from a Newb

    Oh Lord, won't you buy me a Mercedes Benz, My friends all have Porsches, I must make amends....
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