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Babak, Cdntrader, andrasnm, and Hitman.. right on guys.. tradermike.. you know what else you cant get rich at? pro basketball.. i mean, i tried it and wasnt good at it so that means no one else is good at it either.. no, the only sport that can make any money is bingo, and only if you...

Intraday Breaks, as i trade em =) my main strategy is trading intraday breaks.. this is what im looking for.. stocks between 5 and 40 dollars with at least 500k shares avg daily volume.. 1.) Stock must be up or down a minimum of 50 cents on the day. 2.) I check 15 min and 60 min...

hi =) ive enjoyed reading the stories here, and thought i would post mine.. no laughing!! =) i first became interested in the stock market through my uncle.. he was telling me about some stocks that he owned and it interested me.. so i went to the book store looking for investing...

here is a link to some more info about this.. http://www.nyse.com/pdfs/1690SMB.pdf i agree that orders routed to the NYSE will not have the same liquidity available as what is currently available on the AMEX.. of course, thats a two edged sword.. while there may not be anyone on that...

TraderKay =) thank you for sharing your story.. it certainly sounds like you are on the right track.. failure is simply the price of success.. i would encourage you not to try and re-invent the wheel.. find a strategy that is already known to work and learn to employ it successfully...

seems a simple solution would be to to create a trailing stop limit order.. perhaps one that will only go outside the current market price by 2 dollars or so.. economic function: as someone who doesnt use IB i would like to say thanks for not letting your customers use trailing stops.. it...

Magna, oops, you are right, i meant to say seller.. exactly.. the specialist will usually back away from his quote in a case like this and fill the entire 40k block at the same price.. its important to understand that for the most part specialists are spread traders.. they buy stock...

Paul =) when you see trades on your time and sales for NYSE stocks that are not within the bid and ask, and are not incorporated into your chart then its usually a trade that is for some reason being reported late, or some type of error message.. when trades are broken some data feeds...

viangi =) on stocks like cien, jnpr and issx (with todays volume), buying on the bid isnt probably the best strategy.. if you get a fill bidding then its probably because the stock has further to fall.. buying the bid and selling the offer (spread trading) is much more effective on slower...

nov =) usually the reason that we ignore stops is because we never accepted the possibility that we might have to stop out in the first place.. how you think about stops is vital to your ability to keep them.. here is what has worked for me.. 1.) there is a book called "What to say when...

nov =) what happened? was the loss due to normal stops according to your system? or was it due to overtrading, revenge trading or some other form of self sabotage? i recommend reading "Trading in the Zone" by Mark Douglas.. it will help you understand what you are going through.. -qwik

i would like to point out that both Hitman and rtharp have both been very upfront about their affiliation with their respective firms.. its not like they are pretending to be objective outsiders.. and what if they were recieving some referral fee or other benefit for bringing new traders to...

tom =) you sir are correct.. with 2 trades of 3 having a profit of 1 dollar and 1 trade of 3 having a loss of 4 dollars it is obvious that the system has a negative expectancy if you try to "fade" it.. i was going to post a response last night when i returned from the book store but the...

tradeRX =) lets suppose you have a system that screens double bottoms on the daily charts of stocks around the 40 to 50 dollar price range.. according to your system, your stop can be no more than 1 dollar from your entry price.. also, your profit target can be no less than 4 dollars...

Steve =) i also am a newer member of this message board.. i disagree with your assertion that rtharp is hyping his firm and his fathers products.. while he does mention his firm and his father from time to time, i came away with the impression that he was sharing information that has...

rtharp, yes, it is obviously the same clown that posted all 5 reviews.. if he/she felt that strongly about the book not being worth reading i would think the point could be better conveyed with a more detailed review of the substance of the book rather than the comments that were made...

interesting strategy.. seems like it would be just as easy to create a hedge box for NYSE trades though and sell the long position to be short.. Reg T is only 5% if i remember correctly on hedges.. i guess this wouldnt help much if you are trying to trade the open though.. -qwik

joytrade =) i can understand what you are going through because i have been there.. when i first started trading nasdaq stocks i had alot of ideas but i couldnt seem to make them work.. i had read alot of books on different strategies but had a hard time coming up with a game plan of my...

amigo, no problemo.. =) you are correct in your statement if you do not have a "daytrade" account.. normal brokerage accounts take 3 days to settle.. if on the other hand you are with a broker that uses a clearing firm geared toward traders then your trades are handled as though they were...

rtharp, yes.. i have considered going with a pro firm.. actually, i sent a resume to ETG about 9 months ago before i switched from being a spread trader on the NYSE to trading the NAZ.. by the time they got around to contacting me i had really forgotten about it.. in hindsight, that...