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you are in for a very serious day of reckoning my friend. with an attidude like that, ill bet you are broke by the end of the year. Ill also bet tomorrow is a down day on all major indices. Glad you can predict the future with the korean missle crisis being over in 24 hours.. If i...

I will say it too..i dont know anyone...nobody... successful that is strictly a daytrader. jesse livermore said it best "i made my money sitting tight...sitting tight i tell you!" you have to let the winners run... closing at the end of the day kills that.

I will say it too..i dont know anyone...nobody... successful that is strictly a daytrader. jess livermore said it best "i made my money sitting tight...sitting tight i tell you!" you have to let the winners run... closing at the end of the day kills that.

I will say it too..i dont know anyone...nobody... successful that is strictly a daytrader. jess livermore said it best "i made my money witting tight...sitting tight i tell you!" you have to let the winners run... closing at the end of the day kills that.

all of my biggest days have been after holding overnight. I am a firm believer in 3-5 day positions or longer. good luck.

unrelated to your question..but relevant to swift.. I live in Costa Rica, and have a full time market job. I was looking to go part time, and trade part time (bad connection at home, crazy firewall at work). So i went to the local swift place to see if they would let me rent a...

52 week low would be a good screen...also think about more macroeconomic fundamentals like shorting real estate, and some of the industried that really shouldnt continue any type of rally. however...keep in mind that at this poit in time...you can really get shaken out either way hanging onto...

we are nearing "the perfect storm". rising interest rates poorly run government Weakning dollar Inflation concerns Expensive energy Bubble markets in real estate and commodities, and several stocks. and the list just keeps on growing. I think the market has discounted any decent...

i have seen people act that way....none of them lasted a very long time. The most emotion i will show trading is a deep breath and maybe shaking my head. Much more than that will do more harm than good. if you are doing that badly...that you have to get physically violent...the best...

check out a blog called trader X. he claims to have around 70-80% win loss ratio. traderx.blogspot.com seems like a humble guy. Maybe you will pick up some good ideas there.

agreed. doctrs dont jump into surgery without understanding how the organs work, and lawyers dont go to the courtroom without understanding the law. Study first...Execute second if you have money to burn...stick with the trade till expiration...see what happens.

welll are you going to tell us what the stock is???

That is actually an excellent point. in "harvey penicks little red book" a golf book..he recommends that you DO put something at risk to be able to deal with the pressure. I normally put a few bucks on the line...like betting lunch. it does make a difference when you have something at risk.

I was wasting some time the other day chasing the little while ball. And i came to realize that golf and trading seem to be very similar in many regards.. 1. You have to start out humble and with pleanty of patience 2. The harder you hit it when you are new...the more like you are to screw...

this is kind of funny beucase i am in the group that created the market making structure in my country... And all of the banks and brokers said they same thing! all i can say is pull up a level 2 screen and take a look..it is easy to back off without someone taking your bid. say you are in...

Don is right...they wont get hit more than a couple of times. and it isnt that important They dont need to hedge, They just back off their bid or offer. for exapmle, if i am holding 50k shares, and i want to go neutral, i back of my bid and get more competitive on the offer. as a little...

How about we take bets on how quickly he losses the $600. $500 says it is gone in less than a month!

the same thing has happened overseas. Here in costa rica few people can afford decent housing. It costs half as much to rent as it does to buy. to add insult to injury...all loans are FLOATING rate...none fixed. they start at around 9% in dollars. I am saving like crazy to look at some...

$5k is fine to get started and learn lessons. better to lose $5k than $100k! make sure you dont risk too much on each trade! keep em small while learning.