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Yes, indeed. That was some long lunch!

I don't trade lunch time dead zone (12-2, EST). Around 11 there is often a good fade from the opening. Sometimes there is nothing. Then I do something else and come back at 2 (actually, 1:45, to prepare). Hopefully there is a trend in place by then, and I want to hop on and ride to the...

Who says that day traders have to trade every day? The best daytrade systems on the market do not have entries every day. I pick my spots. If they are not there, I am disciplined enough to leave and do something else with my time. Some of the daytraders on ET remind me more of...

I don't daytrade stocks, son. I position/swing trade them instead. Why act like a jerk and insult me? What did I ever do to you?

ES is choppy; ER2 tends to trend more smoothly, in general. If you like buying dips and selling rallies on trendless days, then I'd suggest ES. If you like buying/selling and, ideally, holding to the close on a trend day, then I'd go with ER2 or Nasdaq. The ER2 reminds me of the Hang...

How does 2 cents a share compare with the best stock traders out there? Is that high, or low, or somewhere in the middle? 2 cents might sound like pocket change (actually, it is), but that adds up to 20K every million shares.

Yes, noise. The real money made daytrading today was after 11, by which point the trend was clear. As the day went on, it only became clearer.

How about the Riptide Fund, as in the ocean currents that pull EVERYONE under who fight against them, including world class swimmers who think they can muscle the tide? Sounds like his career in a nutshell.

I have to agree, although I do not take pleasure in the misfortunes of others. The most dangerous character flaw of a trader is hubris, and he has had plenty of that in his career. What is most unforgiving is that he is not some dumb schmuck who lost after he got lucky. He is a highly...

I see the first 90 or so minutes as market noise. By 11 there should be a trend in place, and if there is, I will trade accordingly and hold to the close (and have a stop in place, in case I am wrong). If there is no trend, then I will probably not trade. If there is a trend, then the market...

99% of my day trades are AFTER 11. To each his (or her) own. Best of luck to all.

I think you made a smart move--a guaranteed win. If I had lost the money you did, I'd probably do the same. Imagine how you'd feel if you blew the last 25K (and still had that mortgage). You can always come back to trading in the future, if and when you're ready. And a person can start...

Yeah, AND there is a picture perfect descending triangle. No position.

What is the secret to scalping NYSE/AMEX stocks with 99%+ winning days? I am not asking to be sarcastic. I really want to know. I don't trade for a living, and I have a day job that I won't quit until I'm 70, but I AM curious how you guys do it. I have to say--I am impressed.

thanks!

If you don't mind my asking, (1) how do you deal with days in which it is 1:00 est and you're down? Do you change your position size at all (increase or decrease)?; (2) how do you deal with the inevitable intraday swings (pullbacks) that go against your position? In other words, how much wiggle...

What does he trade? Does he use more or less leverage than other traders in your office? Hope you don't mind the questions. Your friend sounds like a winner, and I always like hearing about winners.

Williams ran for US Senate twice in Montana, losing both times.

When ER2 crossed below 716.75, it marked a two sigma (standard deviation) move from Friday's close, based on the implied vol of the atm options.