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If the bid stepped up (is a fresh bid), I would look to nx the .05, buy market and push the stock higher. Maybe even place a bunch of bids in front of the big bid to show strength, then i'd probably peace out as other daytraders jumped in. If the bid is at the low of the day or stale and...

+884, thank god for WHR and CNX today.

Of course the big money is in taking larger positions and holding them for a while. Everyone knows that, but do you truly think that this is stress free? Did you ever consider the fact that you could be wrong on the large position and lose hundreds of thousands of dollars? Anyone can build a...

+601, just glad to be up today. None of my stocks provided great setups today but scalping in and out for small profits was working somewhat. We'll see what tomorrow brings...

This is terrible advice. How will you ever become a better trader if you place arbitrary limits on yourself. Some days I start -$800 gross in the first 20 mins and end up +600 for the day. Or even better I start up $400 on my first trade and then end the day up $1200. Managing your risk is...

+415, gave back $400 in the last hour. Love when I do that!

Very well said.

Coolweb, I'm not quite sure how your analogy applies. If we are talking about individual traders here, then there can be no comparison b/c there can be no franchises. Unless you decide to teach your profitable style of trading to 100's of traders who can then apply it profitably to the...

Who said it wasn't?

This may be one of the most underrated pieces of advice i've read! I think Marty Schwartz emphasized this in "Pit Bull" too.

Look guys, if you are commited to trading as your full time means of income, you have to suck it up and sit patiently for the right setups. Once you know what to look for as your entry signals, the rest is just sitting on your hands and waiting. I sit all day (with a small break for lunch approx...

+756, made a nice play short off the open and then added many many small profits all day long. no real "go to" stock today though.

McKinsey is a top top flight firm, I think the starting salary there is 6 figures. 120k is what they probably pay coffee runners and xerox copiers :)

-$252, tough day overall, put me a shade under 10k for the month, but 4 days left to push ahead. at 9:34, was down $800, fought back all day little by little. we'll see what tomorrow brings.

Whats your average position size per trade?

What would you like to discuss about trading?

Well, I guess what I am asking is if you are on pace for the 200k year? I am up close to 70k, dont think I will hit 200k this year :).

How much are you up for the year Coolweb?

Deeman (solely based on his post from 4 years ago)

Lol, I am actually playing right now while I surf this site :)