Search results

I placed my first trade in 1995, but I didn't really get serious about it until a few years ago... pretty much went through the standard learning curve that everyone goes through. In my opinion it's just a question of staring at the market for months and months on end until the patterns start to...

I do both. For fun, I keep track of the longer term trend and do a bit of analysis. In practice I scalp all day and take momentum trades on crude oil, so the larger trend is generally irrelevant unless we are at a major support/resistance level. I am always aware of those. Sometimes it helps...

It's not that hard to understand. Most traders are the type of people that dislike authority and being told what to do. That's why trading attracts them - they want to make their own rules and stick it to "the man". Only problem is, the only way to make money in the markets is to follow "the...

Is there some reason why the title of your post is "Morons" instead of "Mormons"? :)

Anything is possible. Stay above 10,000? No way. Get there? Definitely a possibility. Don't know about this month - not making time predictions here. The market is like a poker game. The more people believe something is going to happen, the less likely it is. I'm not saying we won't see some...

It is the strongest selloff we've seen in a while. I doubt we're going to close very strongly today. Wouldn't be surprised to see it continue the rest of this week... I'd say we're heading back to test that 975 area. After that, who knows... anyways, it's just a theory. Predictions aren't that...

Standard pump and dump. Run it up prior to the good news releases coming out (don't think GS didn't know) - then make the clueless people think that it's going even higher. As they pile in, unload your shares in their face and watch the decline happen. Classic. I knew it was going down as soon...

Maybe. If CNBC starts telling the dummies to buy the dips over the next few days, I'd agree with you.

I wasn't that surprised. We had a huge run up for a couple of months, and the market had been gyrating and battling in a widening range. Tons of divergences with other markets as well. Having said that, don't load up the board on shorts just yet. This could be a repeat of what happened in early...

Not me. You always have to be ready to go with the trend when it starts moving strongly like it did today. Identify the condition, then just get in and hold until it triggers some lagging exit condition, like an MA crossover. Don't try to pick bottoms, you'll get killed.

I agree that the fee is outrageous as well, not disputing that. I'll tell you what's wrong with it: it's within the range of statistical noise. In other words, even the best trader in the world can be stopped out of 1 or 2 trades in a row through no fault of his own. You need to give a...

If I may offer you some advice: you are trying to "force" yourself to take small losers and honor your stops, because your logical mind knows that this is the right thing to do - however another part of your mind clearly doesn't believe it. If you think about it, the only reason you need to...

Sounds like DeFazio is Captain Ahab chasing the White Whale... he certainly is persistent. Hopefully it will end for him the same way that story did. :)

He probably bought internet stocks in 1999 thinking that they were investments, and then when the crash came he lost a lot of money as they all plummeted. Instead of blaming the fact that he bought a bunch of overpriced crap, he blamed daytraders for the speculative crash, and hence started this...

Agreed. BPTrader, welcome to my ignore list.

This isn't as crazy as it sounds. The stupid moron might have been holding Internet stocks during the crash in 2000, and he blames all his losses on the crazy daytraders and speculators that made his "investments" crash, so that year he proposed this bill. He really could be that dumb.

Ha ha ha ha ha ha ha ha ha ha ha... you really are amusing. Alright, I have had all I can handle with you. I would bet a hell of a lot of money that you will NEVER, EVER make it as a trader. EVER. You are so full of shit it's not even funny.

Oh my god you are such a fucking clueless moron. Who gives a flying shit what the reasons are according to you, you dumbass? I don't have a problem cutting my losers, and neither do a bunch of other people on these forums. The fact that you seem to think that you're holding some type of holy...

I don't know you better than you know yourself. What I do know is that you're full of shit and that half the stuff you posted isn't true. That's a 100% fact, proven by your contradictory posting history. Which of course explains why everyone is arguing with ME on this thread and calling me...

That's great - I like to learn too, and never discount the source... unless it's some guy who has been consistently lying and contradicting himself on these forums. If he actually had anything intelligent to say he would have said it already... instead he's just playing this "I'm not going to...