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"I'd rather have a bottle in front of me than a frontal lobotomy."

One question - what was going on in the market at the time? Was it premarket, around the time of the employment numbers? During the first few minutes after the open? Was it volatile or quiet? Did you check size at the offer and the levels above? These are some things to think about, because...

http://www.newsday.com/news/opinion/ny-walthandelsman.htmlstory

Don- Do you track your actual winning percentage and average profit per trade - It would be interesting to know these figures, in terms of cents per share. Also, you frequently post dollars won and lost, and a lot of traders would be happy with the figures you have posted so far during this...

nevermind, i was looking at and thought you were referencing yesterday.

Dustin- How much wiggle room are you giving? On the MRK trade, I probably would have been stopped out. Short from 58.65, high after the open at 59.28. I tallied it as a small loss, not wanting to be short after the range of the first 15 minutes was taken out to the upside. Been thinking maybe...

Are you guys using a stop, or a stop limit?

oops, the uptick rule. Forget the BBY example.

I'm just following this on paper currently. I seem to be getting alot of fills, so I will give you an example of one the names on my list. One of you guys check my procedure and make sure I'm doing this right. I don't have SPH quote, so I'm using ESH. At 8:15 its trading at 1140.75 down from...

:)

I think the calc is pretty simple. I'm just asking, because on my spreadsheet which I'm using to follow this on paper, I have 14 fills out of 42 names, so I thought it a little unusual that neither of you guys would have a fill. I'm using a 1% envelope around FV, that is half a percent above and...

Is that .7 on each side (total 1.4) or .35 on each side?

Bought nqh02 at 1623 at 10:02:22 Sold it at 1666.5 at 10:02:53 Bought it because it was consolidating near days high, 1622.5 was a very minor swing high and I figured it would poke into new highs for a few seconds and I'd make 3 or 4 points before it failed. Got in on a stop limit, got...

Here is the link to the book that June wrote with Van Tharp. The book is mainly about trading psychology and money management- how much to risk on a given trade, position sizing, determing your return per trade related to how much you risk, etc...

Don, how about a little wisdom on trade management. The Edge would have been stopped out on this trade using a straight .25 stop. (short at 59.60 out at 59.85) It's also easy to see how you could have made a .10 profit anytime after the high at 59.85 was made. You got a break to 59.27 and...

BRK.B (Berkshire Hathaway class b) FV this morning 2391.58 Buy at 2379.62 Sell at 2403.54 Filled at 2370, low print of day. Keep stop at breakeven, exit on close at 2430. Make 6K on 100 shares.

For Don or Edge: At what time of morning do you do the calculations? 1,5,10 minutes before bell? Also, would it make more sense to calculate the percentage change in the futures based on their price at NYSE bell time (4:00 pm, rather than the Chicago close, since they sometimes run one...

Actually, if you call in a stop order, and the market is through your stop price when the order gets to the pit, it becomes a straight market order, not a market if touched order. If the market is at 798, and you put in a 800 buy stop, and the market is trading at 801 when it gets to the pit, it...

I think Tradelog does e mini futures from IB statements. If you have a different broker, I don't know. In any event, you don't have to report every futures trade to the IRS like you do with stocks. The IRS form for futures profit or loss just has space for your results for the year. You can...

base-hitr- Are you trading with their capital, or our own? Or a combination? Could you give some details on your arrangement with Echotrade? Thanks.