Search results

The baton is being passed from Europe to China. On Europe: if everyone is bearish and knows how bad things are, then its too late. The fundamentals justify the bearishness, but the European stock prices reflect this. But China is different. I am still surprised at how many believers remain...

Is volente sipping on mojitos? Based on what he said, he should have averaged up his 1190 short with a 1200 short, and just missed his 1210 short. I'm about to join him on the short side, I think he needs the company. :p

Kass is a simpleton. We go up for a few days straight, he shorts. We go down for a few days straight, he buys. Simple, and it usually works because stock market is usually mean reverting.

volente's strategy: Adding to losers, cutting off your winners short. Changing stops when it feels too painful to cut the loss. It is a strategy from hell with big blow ups.

Any stop on the trade?

OUCH, kicking a man while he's down! Slippage must have been brutal though, but I think he didn't even have a stop in and is probably going to try to trade out of the mess he's in.

Moneyball has no parallels with trading. Maybe with long term investing, but it has nothing in common with trading. Read Blue Ocean if you want something that will help you with trading.

Market is screwed. The market cannot have a sustained rally without a Greek default. It is inevitable part of the bottoming process. Kicking the can only keeps the Greece monkey on our backs. A Greek default causes short term panic and a bottom which would immediately rally world markets...

I am not going to tell you what to do, but from my past experiences of big drawdowns, the temptation is to make it all back quickly so you can feel better. You have to get rid of that emotion and build up the account step by step. It will take time to get back to your previous highs. DO NOT...

There are a lot of small brokerage firms that clear through Penson, be careful. You can go on the brokerage firms' website and do a search for clear or clearing. If you can't find it, look to see their wire instructions, that will include the clearing firm's name.

Make sure you find out what the broker clears through. MB Trading clears through Penson. Penson is probably one of the WORST clearing firms out there, plenty of clearing errors, bad short inventory, and financially weak (look at their stock, PNSN). Don't just look at comissions, a lot of...

This market feels like one huge short squeeze that started last Monday and has gone on for 10 days. Still a lot of nonbelievers in this rally and a ton of traders looking for a pullback. I think we break new highs in S&P by late July early August. To the moon Alice!

I am also curious about getting borrows for OTCBB/PINK Sheet stocks. If you could let me know as well, I would appreciate it.

I have been reading a lot of articles and comments about silver being in a long term bull market and that any dips need to be bought, that it will be just a blip in the long term up trend. Where were these articles two months ago? Three months ago? When silver was trading between...

Actually the AMSC trade was not a bad idea, it just didn't work out. The VRUS trade was a disaster waiting to happen. One thing you quickly learn about fading gap ups based on earnings/phase III news: you usually get burned (if you're time frame is less than 1 day)

I am getting a gap down signal on my system. I haven't gotten one in quite some time. If we gap down to 1315-1316 area, it is a buying opportunity. Don't hold your breath expecting a gap up even with a government deal.

A long time ago I used to be totally confused by the AM action and only traded after the first hour of trade, but then I realized that if you come into the day with a game plan and look at the previous day's trading as well as the overnight action, it gives you a much better chance of profitably...

Did anyone else look at the Nikkei last night and smell manipulation? Central banks have just one playbook these days: market manipulation. I bring this up because last night, I looked at the Nikkei price action and it smelled of government support. Every small dip was bought and the market...

Seems to me like the Japanese government isn't revealing everything. The information coming out seems sketchy, they are toning down everything to prevent panic.

The numbers keep rising for radiation levels. It must be total nuclear fallout in areas around the reactor. March 15, 2011, 12:45 a.m. EDT Tokyo radiation levels 23 times normal: officials http://www.marketwatch.com/story/tokyo-radiation-levels-23-times-normal-officials-2011-03-15-04540