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Step One: If someone says, "buy dips". Do not do what they say. Do not do what anyone says. Listen, Observe, Live, and Learn. And while you are doing that....take some shots with different trades.

It's amazing how our human nature creates the exact situation that we try to avoid. As long as we live and learn, we can go forward. That's how a loss will turn into a gain. Wish you the best!

If we don't open any e-mail attachments, are our computers safe from getting the virus?

In daytrading, for quick scalps, most of my trades are made by picking very very short terms tops and bottoms. But, as far as swingtrading goes, I think it's safer to stay with the trend.

You can't go wrong with TC2000.

That is one of the funniest posts that I have read on ET. It really made me laugh. The other one that made me laugh was when Baron ask us to recommend different slogans for EliteTrader. And someone came up with EliteTrader, "the blind leading the blind".

I graduated from college with a bachelor's degree in accounting and I still don't know how to write a complete sentence.

EOD: Thursday, June 5, 2003 NOTE: POG had a stock split today. So, I am now long 250 shares at 31.40 TODAY'S TRADES: Bot 300 PSS 14.10...................(PSS gapped down on bearish news, covered 300 shares. Still short 200 shares) Bot 200 MCY 46.59..................(new...

It think missed opportunity is the hardest thing to deal with. Like wanting to by a stock at 40, but then at the last minute deciding against it. Then before you know it it's up $3.00. I can deal with losses, but missed opportunity is the most difficult thing for me to deal with. I did...

Just write whatever is on your mind. I'm sure that we will all benefit in some way. Wish you the best! gotta_trade

It really is amazing how we create the exact situation that we are trying to avoid.

Brandon, GREAT POST!!!

I'm a daytrader. I am a pretty active daytrader, so I'm paying relatively low commissions. Yes, you are right, I do need to ramp up size. But first I need to see if this method will hold it's own. So, for now, I'll play small size. If this method proves to be profitable, I won't hesitate...

I qualify my trades using the daily. I narrow them down with the weekly. And I use the hourly as a trigger for entry. I'm just trying to find high probability trades, with minimal risk. I'm not looking to fight the market. I'm just going with the flow. And if I lose, that's okay...

That's what i'm trying to do with my swingtrades. We shouldn't be afraid to try different methods and strategies. But, do it in a way so if it doesn't work out, you won't get hurt.

Yep, losses are part of the business. It's just another business expense. It's a just bill that you have to pay. What separates the professionals from the armatures is that the professionals are willing to pay those bills, (on time).

Note: POG split this morning. I am now long 250 shares @ 31.40 Good trading to everyone. gotta_trade

Silk, As far as daytrading goes, I can give one recommendation. Cut down your daytrading size. Then when there is a lay-up and it bangs you over the head. Take that trade with size. Other than that, trade small. Last year, my average scalp position was 2000-5000 shares. Now my...

I always like to watch, "Other People's Money", with Danny DeVito.

I use moving averages. Plus other things for confirmation. If you look at a chart and the stock goes up, up and up. Then it pulls back and then goes up, up, and up again. I consider that a strong stock. I say to myself, "who am I to get in front of that"? So, when a buying...