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Just wanted to share a swing trade I put on today. I am short AT because of the classic triangle breakdown.. on pretty high volume. I will start scaling out of the position as soon as I am in profit. 47.01 is my stoploss... i will look to make between 1-2x my stop loss risk. Here is a...

This whole thing is the biggest bull I have yet to seen on ET.. or any other trading website. Goto the Hershey equity thread... its already taken 30 pages just to come up with his list of stocks... Its feels as if their is a cult associated with Jack.. and each lemming does not know more...

I want to ask you one question... what is the point of buying 10k shares of JNJ? No pro trader or money manager in their right mind would put half there account into one stock overnight.. regardless of anything! There is absolutely no excuse that you can give me that justifies this. The...

It looks like your system will lose $ in a trending environment and make $ when its choppy. --MIKE

Do you just simply buy when the line is crossed... do you wait for some type of price confirmation. --MIKE

What time frame chart do you use? 1min? Also do you use a 14 period ADX? --MIKE

Instead of wasting your time with a $1 mil fund... you should be researching and studying an investment or trading method. Pissing around $1mil in some virtual fund by the seat of your pants is not even close to real professional trading. Take $5,000 and open an account with IB and start...

In reality... you probably will learn very little from this entire experience. The second you start using real $.. the whole thing changes. If you dont believe me .. you will. --MIKE

Why dont u stop daytrading and consider other types of trading. Maybe you would be a better position trader or swing trader. Daytrading is not the only way to trade and make money. Also try staying away from highly leveraged instruments. --MIKE

You are right MIRC is another good option.. personally I feel AOL is easier to use.

what did he say.. i missed it

The easieset way to start a private chat room is simply to use AOL private chat room. Whoever doesnt have AOL can simply subcribe to it on a free trial. If you have DSL or Cable modem its only around $15 a month. Jack all you have to do is install AOL on your PC.... and goto chat menu and...

I have a contructive idea... Why dont the Jack followers start a brand new thread.. and just talk about Jack's methods and how it relates to your trading daily. If it goes well.. I am sure Jack will come back. Honestly I dont believe any of Hershey's posts and unless he posts some P&L or...

I am not a math whiz or system tester. But that is simply curve fitting. --MIKE

You are way too naive. I think what they were trying to say is that 90%+ of traders can not beat the indices consistently over a 5 year period. And those few that do beat the market are well capitilized and dedicate their lives to it.. so unless you are willing to take a big chance and...

You are totally missing the point of the article. For every Ken Griffin or Bruce Kovner... there are 10,000 Joe Blowouts. There are very few that can actually beat the markets.. but your avg. Joe will not.. so since the odds are against them they should just dollar cost into the SPY...

Looks like everytime you lose $ on a trade.. you associate the trade as bad or a mistake. Also in hindsight missing great trades, entries, and exits is very easy to do. How about just taking a step back and accepting the loss and understanding that its just part of the game. In my opinion...

Right now the hot buzz on ET is the Hershey method. There are people here that swear he is a bonified guru and others including myself think he is not sane. Besides him... I dont think anyone here is acting as a guru... because ET members are pretty fast in knocking that kind of stuff...

I agree... if Hershey stepped up to the plate.. and said.. OK guys I have a great way to trade and I sincerely want to help you guys.. but first let me establish some credibility... and he would either post some realtime trades or show us a snagit of his trading PnL for a while.. then all the...

Its simply time to close this thread and move on. --MIKE