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haha, here comes the panic sell in Facebook. Those who sold the bounce are in for some serious profits, while those who bought the dip, gamed earnings, or have been holding since the IPO are done for. It will be interesting to see what happens in this tomorrow. A further decline beyond 10% will...

anything over $4 per 1000 is a ripoff. Aim for $3 though

me thanks

Looks like the buying is done in FB, got several downgrades. Gapped down while market gapped up. At lows while market still in positive territory. Looks like it topped out at 33.50, the exact point I said it wouldn't break. Now it will go test its 52 week low and a new low will signify a...

Got a new demo account today, I'm going to begin backtesting intraday moves along with tracking discretionary swing trading, which I believe to be my strength. But for now, more of my Facebook commentary: May 29: Me: Facebook continues to get smacked haha. Probably not a terrible...

haha @ odd lots. i would hope they don't keep you at 5 shares for too long lol i can just imagine, buying 4 shares and scaling out of a position!

lol, so much hate in this thread for no reason, hitnrun is very sensitive, did the kids make fun of you at school i need not defend myself, my journal is up for all to see. i have a lot of potential in the markets, i look forward to getting my mba ------- so their offices are empty...

A bounce is probably to be expected, but the bounce should be sold. Follow the bond market. Look at the TLT, it has broken out above consolidation. You can expect it to retest support, and hence expect the market to pop a little. Mutual fund money will come in the markets giving it a lift...

hahaha yes, my big secret. I keep no secrets, go read my trading journal on ET, I hold nothing back. Sorry for my slow responses, I don't check this site as much as I used to. Calm down. The company has already been mentioned: Tower Hill. Maverick actually told me to inquire with...

There is no training cost. You are an independent contractor. They create a sub-account and you trade their capital. They are charging you commissions on their own capital... maybe that is the catch? If you lose, the commissions don't matter. If you win, the commissions eat into...

Yeah, sounds really good. They hold some of your profits to create an account that becomes equal to 3 times your largest 3 day drawdown. So they use your profits to manage their own risk. Clever... This is how prop firms should be. Instead of ripping all their traders off, they should...

They say you do not need the licenses because you are trading their capital and they are taking all of the risk. Basically, they start you off really light, and increase BP as you gain consistency. 80% payout Trader is NOT responsible for negative months. .0035 commission, ECN pass...

Ill have to ask why they don't require a license, pretty strange.

I found a firm that does NOT require a series 56... trading STOCKS. They require NO capital up front. They absorb the losses. They limit their risk buy starting you off really, really small, and increasing your BP as you show consistency. So, what is the law exactly on the 56? Do you...

This is an e-mail I sent to my boss about the FB IPO: "Here are the two recent predictions I made. Chart.png shows a technical prediction of the market dip we had / are having, along with potential areas the market can find support. --------- fb.jpg shows my prediction for Facebook's...

I wouldn't be critical of this guy. Not sure where all the hate is coming from, he is just posting his stats. Though, I think the funny thing about this is the time he started his journal. Rather than start at the beginning, he starts when he has essentially doubled his $1000. The...

Attached is my prediction for FB IPO. Might happen same day, might take a few days. Rush to buy off the start just like all the noobs who flood the servers on Diablo 3. Price becomes too expensive too fast. Sell off brings FB below IPO price, panic sell ensues, the real buy point arrives.

*yawn*

As you all know, I am not a fan of the S&P above 1400. As I see it, we had a cap form on the squeeze above 1400, just as I predicted earlier. See attached chart. Now, I am really hoping for a break down below 1350, which looks like a critical level. Indicators rolling over. Take it for...

QE will be of no help. QE can create a floor, but its not going to keep pumping this market. What will it definitely do? Destroy the dollar. Want a trade? Short the dollar.