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MyTrack still down...going on 3 hours now.

Indicators ARE price action and/or volume. They don't exist independent of those two variables. They didn't appear from outer space.

Remember two lessons: 1. Do you own work 2. Never pass stock "picks" to friends. Unfortunately...or fortunately...the most expensive lessons are the lessons we remember most. We don't remember getting slapped. But we sure as hell remember getting hit with a 2 x 4.

Also went short with daily stochastics at a strongly oversold level, which historically has been a long play for MU. There is still a lot of buying power out there for stocks that move into oversold territory, and shorting them is a good way to lose your ass, IMHO. This isn't 2002 anymore...

This is the least of the problems. You have no defined profit objective. You have no defined timeframe. (Days or weeks, you say.) You have no standards defined for what you believe is forthcoming market weakness or strength. You have limited capital which you admit will likely blow...

LOL. This would be an excellent thread for all new traders to read as to what NOT to do in trading. Wondering what the opposite of "Elite" Trader might be. Any suggestions? I'm not slamming you, random trader. But your system is fraught with everything that can go wrong.

It isn't any different. Most successful small businesses have days or weeks when the phone doesn't ring, or they don't meet their expenses. Then a good run makes up for it. Very seldom is there a solid income stream, and even then it usually doesn't last. For years I ran a succcessful...

No, he probably had something more like this in mind.... http://www.elitetrader.com/vb/showthread.php?s=&postid=209234#post209234

Completely agree. Quick and public condemnation of obvious and frequent crappers is the only solution that will work.

The gains of holding longer posiitions, if correctly bought, far outweigh the occasional bomb. As you said, the key is not getting too greedy, and if possible, holding multiple positions for diversity. I agree with your statements about the general lack of success trading intraday, and I...

LOL. Precisely right. And so appropriately named Super Ego. Another one for my ignore list.

LOL. Probably the best sign of a bull market! They'll learn.

And HUNDREDS of other stocks have lost 99-100% in the same time period. Therein the need for a stop loss system .

Brown/Co and Datek/Ameritrade were both fine. Not a good sign at all for IB that they were down. They should be decentralized, with all the volume they handle. Very unprofessional. I just recently opened an account at IB, and was ready to move some serious dollars there. Isn't going to...

Yes, I've also found that to be true, generally. I've revised some of the indicators and levels I use for swing trading stocks into use for ETFs. Many of the same approaches work, but ETFs are more "shallow", less volatile in their price movement. So the opportunities for 2-3 point gains in...

I researched this in depth a couple months ago, and wasn't able to come up with a solution. As far as I know, it can't be done. My experience with cable and DSL is also what has been shared here. Cable reliability - Comcast - stinks. DSL slower but more reliable. (When was the last time...

Thanks, just what I was looking for. What is the typical spread in an ES contract? Is it one tick or $12.50?

As a 50 year old trader with 25 years in the markets, it's been a long time since I was called a newbie. But thanks for the compliment.

I'm looking into S&P futures for the first time, and hoping for some clarification on an ES "point" and relation to dollars. First, when you refer to an ES point, does that equate to a single point move in the underying S&P? For example from 985 to 986? Second, how does that translate to...

I've recently tried both WIFI hotspots and a wireless internet PCMCIA card. The wireless internet was very slow and unstable. I wouldn't want to rely on it for anything. Vendors advertise "high speed" of "UP TO" 56K, but that is a crock. I was getting at most 30-40k. With WIFI...