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    Is the market one huge ponzi scheme?

    Don't give the shrewd investors and insiders too much credit. These lucky folks comprise less than 0.001% of those that lost their shirts. Pretty much EVERYONE got clobbered when the bubble burst and trillions of dollars of wealth evaporated into the stratosphere. If you want to make money...
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    Trading Journal - July

    Awesome, Vinny! ESPECIALLY on such a shitty day (for longs of course).
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    Trading Journal - July

    Can you still make good money trading that way writing so many tickets? It only takes one or two wrong trades to wipe out alot of your gains, especially when you trade in 2000 or 4000 share lots for dimes.
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    SuperEgo Takes Over ET

    Some of this is from The Day Trader's Guide to Technical Analysis by Chris Lewis: The RSI oscillator smooths out price jumps which may distort simple momentum oscillators. RSI is also helpful in measuring things on a scale from 0 to 100. Regular momentum oscillators have no fixed scale...
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    More Harm Than Good?

    Seven, Your verbal diarrhea and pathetic, whiny efforts to vindicate your posts display a needy personality desperately in search of attention and approval. Your alleged "super successful secret to trading" was nothing but Chicken Soup for the Soul platitudes and feel good generalities...
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    SuperEgo

    How come RS7, Lavish and Mr. Not An Alias write suspiciously like the same person? Am I becoming paranoid?
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    TONY OZ versus SUPER EGO challenge POLL

    Let's see the results of this trading month. Last month, the short swing/position traders ruled. Let's see how they fare in a choppy (possibly uptrending) market.
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    SuperEgo

    Excellent stuff Ego! I'm learning alot from your charts and narrative. Keep up the fine work!
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    SuperEgo

    Moving averages are irrelevant? You're walking around blind without a cane, pal!
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    Trading only career that doesn't require people?

    Radiologist. You can sit in a dark room all day and stare at x-rays, write reports, and make big bucks. You can do it without really interacting much with people.
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    Tradescape - Does anyone know about them or use them?

    I don't know how their commissions compare with IB but you can call and find out. Tradescape makes the bulk of its money from transaction costs. A scalper-oriented platform makes exclusive use of Hot Keys for rapid order entry. A position or swing trader can get by with a point and click...
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    I'm Home MaMa

    SuperEgo Quiz: If a stock is bid 5.38 by 6.22 at what price will you (try to) enter the market? None. It's a piece of crap, illiquid small stock that's not worth my time. However, if a gun was pointed at my head I'd buy on the bid during a pullback. Do you know what forces drive the...
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    Tradescape - Does anyone know about them or use them?

    How did you know all of that when you never heard of Tradescape? Tradescape is a direct access broker and their offerings are in line with everyone else's. You have to compare costs and determine what exactly you are looking for. For trade executions and software features, Tradescape is an...
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    Tradescape - Does anyone know about them or use them?

    A solid company that is the parent of Momentum Securities and MarketXT ECN (now Lightspeed, which was granted market maker status). Tradescape was purchased by E*Trade earlier this year for $100+ million.
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    How long until chasinfla leads Don in posts?

    She's got a lot of time on her hands. It's better than going to malls and spending all of her boyfriend's money!
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    Learning to trade by scalping?

    The only successful scalpers I know are the ones trading lower volume NYSE stocks for relatively small shares (400-1000 shares). They are not even "true" scalpers because they use technical analysis a lot for high probability entry points. The ones who scalp NASDAQ stocks are only making big...
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    Who is the new (trading) millionare?

    Glad you made P&L on WCOME. Now you just have to cover the commissions from churning 10K share blocks for pennies!
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    NOT 1 attack on july 4

    Bring it on you terrorist M*$&^#&*@ers!
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    Trader's girlfriend

    Magda is Lojze. Even down to the grammatical errors.
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    Worldco financial troubles

    The question should be: which prop trading firms AREN'T having financial problems?
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