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>>>>That should have been, I think (typo) .....

Studyandtrade, You seem to be missing the fact that when goods are cheap----exports increase!!! If you live in the United States, you only have to look at China to see how well they are doing. Even though, their standard of living is lower----people make more than they used to which would...

Cache Landing, I got into DLP QE (DLP) due to the following reasons: 1) This is a weak stock in a weak industry, 2) the stock is below the 20 day moving average, 3) the long term trend of the stock is down. Of course, not even the very best analysis will guarantee the stock moving the way...

The difference between stocks and options is the total risk. When you take a stock position----you have all your capital at risk theoretically. That is huge since, you probably will spend atleast, $5,000 on a $50 stock at 100 shares. The advantage is that you can hang onto your stock longer...

The dumbest thing for me is letting a losing trade go out of control. I have done this one more than one trade so, need to have more discipline. Instead, of exiting and minimizing losses----I let it run against me causing huge losses. That was super dumb. On the plus side, I do keep a trading...

Pretty new to options trading myself but, I have been studying since, April 2005 intensively on trading stocks, mutual funds, ETFs and options especially. Don't consider myself an expert although, I have had some limited success. Each stock is different so, it is hard to quantify how one would...

Cache Landing, Finally got my first trade in for 2006. Got in DLP QE (dlp) today at $2.90 and 5 contracts. Starting slow as my last couple of trades in 2005 turned into large ugly losers. Also, have stock positions on XTO, BMD and ZOOM (more speculative) for my 401K. Sort of feeling my way...

I have got Oliver Velez's Tools and Tactics for the Master Day Trader and also bought his DVDs. Have not paid for his seminar though. I feel his methodology has some merit and unlike other speakers----I attended the just finished Las Vegas Expo December 13-17, 2005 at the Paris Hotel and...

Cache Landing, Stopped trading for a while. I do have positions on stocks XTO, BMD and ZOOM (this one is more speculative but, position is small) in my 401K but, all these are stocks. Not doing much right now except reviewing my trading records and will be ready when I find a stock I like...

Cache Landing, Nice to see you are doing well. I probably will put a trade on tomorrow if I see anything worth trading. Trying to focus on my trading as my last trades were horrendous!!! Hopefully, 2006 will start off good. Definitely want to start off right. Will try something different...

It is difficult as hell. Part of it because most traders are stubborn even if they are wrong (me included). If you can get out, when the loses are smaller----you will do better. That is my personal experience. The ones that really hurt was when I did not bail out sooner on losing trades...

Rob on Business, Guess I spoke too soon. Got trashed on my XTO AI and lost about $800.00. Still, XTO has been good to me overall. Lying low for now to review my trades and see where the mistakes are. Don't blame anyone but, myself. Buck stops here. The last month, my trading seemed out of...

Rob on Business, XTO has been good to me. The bulk of my profits have come from that stock. NYT PF (NYT ), I have already sold out at $3.70 after getting in at $3.10 for a 4 days swing trade of about 19%. ADSK (ADQ MH) has been probably my worst trade since, I started trading options. My...

Rob on Business, Having heard about Cramer. The top traders at the Las Vegas Expo laugh at him because his calls are usually an invitation for a stock to go bad. His timing is usually wrong. For all its worth, avoid listening to the guy except as a contrarian play. Got out of my NYT PF put...

Cache Landing, Good to hear you are doing well. I play directional trades mainly buying calls and puts. Both short term and long term. You are right in the that your strategy of vertical spreads is less risky. Have a win/loss ratio of 1.6/1 on my 22 trades, 13 winners and 9 losers. My last...

Bighog, Right on!!! Anyone who doesn't use technical analysis is committing suicide. You might as well hand your money to the traders who use technical analysis as they have a huge advantage over you. That said, each trader is different and there are different ways to trade which can all...

jrlvnv, The education process is not cheap. In all, I probably have spent close to $6000 in seminar fees, software, books, DVDS. Each trader has to develop his "own" style. One thing I noticed in the Las Vegas Expo is the inherent differences in the way the different traders use the...

>>>even the heroes can't seem to do it...... trend follow<<< Trend trading for the most part is highly accurate. The problem humans have including me is when we mis-read the trend. Still, even such mistakes can be corrected if you don't let your "ego" stand in the way in accepting your...

Rob on Business, Watch QDEL, my friend got into this trade and has suffered a loss with it. Told her that it was below the 20 day moving average and headed down!!! She bought calls on it of all the stupid things to do!!! Anyway, told her to observe it and if it goes above $10.50, it is a buy...

To anyone else interested in attending seminars, stay away from Wizetrade, Forex Made Easy, 5 Star Trading. I attended all of these so, I can speak from experience. All are sales ploys and the worst was 5 Star Trading. Their 3 day seminar supposedly to teach you for $99 is a big rip off. You...