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New Century Financial (NCEN): The company raises guidance for the coming quarter. Look for shorting opportunities. Brandon

A number of stocks were downgraded to neutral today by Soloman Smith Barney. All have weekly double bottoms. Look for buying opportunities in VRTS, SEBL, PSFT Cablevision Systems (CVC): The company is upgraded to buy based upon low valuation by CSFB. The stock is starting to form a bit of a...

Doesnt hurt my feelings any, good luck. The difference of course between myself and ANYONE else running a chatroom is that Im willing to backup what I say. I thought I did adress your question though. Brandon

Very rare.

Not likely, though you can find systems that hit 60 to 70% and have a 1 to 1 expectancy. If you are looking for something that offers 3 units of reward to 1 of risk you will likely be looking at something that hits at 50% or less. Good luck. Brandon

The biggest thing to becoming a successfl trader is to maximize what you are good at. Many people waste a ton of time trying to find some magic when there is none. Everyone has something they are good at, maximize that and try to do everything you can to minimize your weak points. If you are...

I did not do much, and left at 10 CT. I shorted the SP off the open (929.5) and covered before the numbers came out at 927. Brandon

Briefing, Bloomberg.com and bloomberg television. Brandon

Yesterday was a classic reversal day. Im very happy with the results as I had one of my best days of the month. Usually on a reversal day I will get my butt kicked, so it was nice for a change to come out on topl. There is not much for news that I am interested in trading, so this will...

General Motors (GM): Downgraded by USB. Seems a little late! Look for buying opportunities. Brandon

Alliance Gaming (ALLY): The company raises Y02 guidance to $1.03 to $1.05 per share. Look for shorting opportunities. Wal-Mart Stores (WMT) The company raises quidance. The charts are all fairly week. Look for shorting opportunities on weakness. Brandon

Yahoo is of course the big story today. The problem with the "big one" is that it is often very unpredictable. So, we will avoid yahoo. There was a good amount of technical damage done yesterday. Everyone is talking about we are at panic levels and such, I would not count on it. The next...

Just wanted to see what you guys thought of the class I gave in ET Chat.

http://www.tradingfrommainstreet.com/etchat.html Enjoy, Brandon

http://www.tradingfrommainstreet.com/etchat.html

I will begin class in Elite Chat in 30 minutes. http://www.elitetrader.com/ch/enter.cfm Brandon

Class will begin in 30 minutes in Elite Chat. http://www.elitetrader.com/ch/enter.cfm Brandon

Good traders are the ones who have an edge and know what that edge is. The best traders I know pick a few setups or markets and learn them inside and out. Its like picking a major in college. Used correctly trading off News can provide traders a HUGE edge. If you want some proof look at my...

Its pretty amazing to see S&P500 now at prices lower than it was in 1998 when we had Long Term Capital Managment, Asia and Russia to worry about. Everyone who bought into buy and hold, doing what "they were supposed too" over the last 4 years has lost money (probably over the last 7 because you...

How do you get transcipts? It'll be a good class, just info on using the setups...but Im not sure how to get transcipts from ET. Brandon