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Just so we are clear, this site is a trading website, thats why its called "EliteTrader". Its not an investing site.

I guess Colorado must be extremely boring today (no more mud huts to build or something) that Congoboy felt the need to start another asinine thread :D

Pretty believable thread considering this is your other thread...lol :D dont think 75USD/day equals 1.25 mil a year, perhaps your high school didnt teach basic mathematics.

Wow if I had bought when you said to today, I'd be down over 10 S&P points, nice call!

Are you f-cking serious?!?! You asked for advice and basically EVERYONE told you NOT to trade and then you go and blow over a G. And for what? You dont know what you are doing; you must really like throwing money away huh? I dont get you man, you wanted advice and you got some. But its pretty...

isaiah washington

BNB, You have to take it slow when learning something new, especially when there is a good deal of your own money at stake. I spent 3+ yrs daytrading stocks and now I am trading the ES. I am still pretty new to this mkt so I dont presume to step in and start trading 20 lots or whatever right...

I'm getting ripped off, my doorman charges $150 :D

You dont need a mentor right now, you need to STOP trading and spend a good 3 months just watching the mkt and learning how it moves. Study the charts intraday and after the close. Jot down all sorts of ideas. Look for patterns and try and discover correlations. Get to the point where you start...

Everyday provides different opportunities in terms of points. The intraday range can be 6 pts one day and 25 pts the next. No way to know in advance how good or bad the trading day will be. So why put some arbitrary limits on your trading? Makes zero sense to me, just trade whats there each day...

Agreed, this is nothing more than someones opinion.

I havent heard a peep either, possibly the news guy is on vaca

I use to trade stocks like this, always gravitating towards the "stale size" or non pro-active buyers/sellers. Obviously agressive sellers and buyers who came into the mkt new I traded in front of (and rode their momentum) but the passive buyers and sellers I looked to trade through their size...

Spent some quality time reviewing the chat logs from the past week. Some really good thought process discussions!

where's the search button...:p

For me its time. You can always recoup losses and overcome commissions once you become profitable but you can never have time back.

No, there is definitely a space btw the LTL and the top of the 11:40 bar. pt 1 11:05, pt 2 11:20, pt 3 11:35. The 11:40 bar should not be touching the LTL. Thats how I had my channel drawn so thats why it doesnt touch the LTL. It doesnt really matter though, I got to where I needed to be. A...

I actually have a CO channel that the 11:35/11:40 bars BO of on inc vol so I didnt see it as an FTT, plus I've been using Camtasia to record the DOM for the entire day and during the first 30-45 secs of the 11:45 bar, you can see large lots being lifted on the offer so buyers are still very...

dont you mean "w3rd" :D

I'm talking the S&P futures, not an individual stock. Sure 2000 shares of a stock (most stocks) means nothing but when you see the bids on the ES get pummeled by 2000 lot mkt orders and a bunch of times, that means something. I dont profess to know where the mkt is going in the long run, but...