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Best plan lately is to look for the break, and sell into it. I used to trade them, but not any more. It's a bad way to make money.

Since we're doin show and tell, I might as well give my history. Phase I- I got interested in the market in 1998. That interest rapidly snowballed, and by feb of 1999, I had opened my first datek account with $6200 (my life savings). I remember making 32 bux on my first trade of 88 mmm shares...

I still understand the gripes of the under 25k crowd, or the crowd that says that the sec is wrong for deciding how we can loose our money, but I am definately for these changes. 4:1 margin is awsome. No way around it. If you just get 25k, you can have 100k. That's 5k of a 20 buck stock to...

My advice to you is to keep at it, find something that works, and then get really good at it. Papertrade in a notebook, and then show your results to someone and hope they'll give you a stake to trade. That's what I did after I blew out my first stake (my own life savings, 600 bucks left in that...

I've learned the hard way, that you can't fire off 10k+ sell/buy orders. Especially on the illiquid things I trade. At the same time, if you try and sell em 1k at a time, you will get a worse price on those shares than had you just sent in the 10k market order. When in doubt, I'll give him that...

To trade dis the way you do, you would need positions around 3-8k, otherwise it isn't worth your trouble to scalp it. I recommend looking at my Great New Pattern stuff. Try trading those, maybe using options to give you more leverage.

Dozu, I trade mainly nyse, that position was in the 40k's. I don't remember exactly. I sent it in in 3-8k market orders every 5 or so minutes. The stock was pretty liquid, and I was just taking off the offer. I don't trade nas, cause I don't get the size I want/need. IT took like, 20 mins to...

Loosing sux. Today was my day this month. I blew $9500. I bought too soon, so my basis sucked. I'm gonna get my money back from usi tomorrow. The point is that you need to maintain your composure while trading. When I exited that position, I was down 12k. By taking it easy, and choosing my...

Leems logical. I know that if I just traded DIS, I could make about 2-5k a day every day on 5k positions taking 2-3 .15-.5 scalps. It's b/c there aren't many daytraders there. Just funds duking it out in slow motion. You can watch it and figure it out fast. I will NEVER trade those fast nas...

november, stick to slower trading. Trade stuff you can watch. My biggest win this week came from NCH. Superthin, but I was still able to think it through completely b/c it moved so slow. I took 5k under 39.5, and sold em in the high 40's for an 8k scalp. Forget cien, jnpr. Forget scalping too...

Illiquid days are hard. What were you trading. Did you follow your system? Does that system have a proven history of results. Did you think you saw something that the low volume made occur? On low volume days, you need the discipline to trade smaller and just sit and watch. I made 2 large nice...

The 3 stops are: The first 10 min bar (either way) After that, below the high/low of the 10 minute bar in the opposite direction of the first move. Finally, after the 25-45 min consolidation after the open, the main morning move. (retracement of this move usually starts around 11:15-11:45 as...

Pyramiding up has never made sense to me. If you don't have enough shares, bite the bullet and play a half position. 90% of the time, the market is in a range. Averaging up only gives you more shares at worse prices (most likely at the top of the range). I like to swing trade. The more oversold...

Baron, is there any way that you could make it so that new postings that I have not yet read would be indicated on the home page.

We moved, and the new link is http://clubs.yahoo.com/clubs/elitetradinginaction I usually show up around 8:45 ny time, but am usually up by 7:30 and reachable on AIM (hkuppy). I sometimes leave b/c of system resources problems. But I'm usually in there til about 1-2 ny time before my computer...

Limbo, I'm not exactly sure what you meant by that last line in reference to me, but as I have said before, 90% of my tape reading is just watching for key points, and understanding how different specialists trade their stock from experience that I keep in a notebook. Watch those key points...

actually traderx, most experienced [swing] traders are shorting this rally. To have caught this rally, you would have had to be long from earlier this week. To chase this late in a rally is poor trading. It went up b/c of mutual funds marking up their stocks. I assume that monday is down after...

I often pyramid, but on a smaller time frame. Say im looking for 1.5 pts on 7k shares. I'll try and catch the bottom. As it drops, i'll buy 500 @.4, 800 @.35, 1500 @.3, etc. and keep doing that until It stops dropping. Sometimes I end up with 15-20k shares. It all depends. As long as I feel very...

In all honesty, most of my gains were on 2 trades that day. I did almost 150k shares traded, and most were net-net a push. You just have to look around. Read the news. I don't trade nasdaq, so the snet thing didn't affect me. I took most of my gains on uco on thurs. I caught the bottom and...

I can guarantee that my room is VERY GOOD. (LOL). In all honesty, I think it's decent. I post what I'm doing in real time in regard to "great new pattern" trades. Others in that room are starting to get the hang of it also and are posting their ideas as well...