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your stop loss point should have more to do with how much you are willing to lose on the trade than anything else. You don't need fancy calculations for that.

"Therefore one will always be able to achieve the highest gross profits by trading the shortest time frame" there is no logic behind that at all. Tell that to Warren Buffett or George Soros or any number of other famous types. Then try to find a scalper that qualifies to be on the same list...

from a purely theoretical point of view there is no reason why cable modem systems can't get a lot faster, its just a matter of whether there is money in it for the companies or not. I think at this point everybody is just trying to get return on the investments they already made. I agree that...

"A good technician gets it right maybe 60% of the time. And a great technician, maybe 61% of the time." excellent quote, which is why I like the 3:1 ratio. If I am right 50% of the time and I have a 1:1 I lose money due to commissions, at 2:1 I am working for peanuts, at 3:1 I am...

if they can replace those 80 and make them put up their own capital then its no biggie, just churn.

"So...you started off with very small size, much much smaller than you would on your normal trade." very true, that is the position building approach which is used by many big players. However, it is most widely practiced as a rationalization by small investors who don't understand stop...

no matter how much you hate Bush, if you could put him in the same list as these dictators then you have lost your mind.

gold has other longer term factors in favor of it. Gold is in a consolidation phase right now that it isn't quite finished with yet, so I'm not long right now. I am looking to get a good price on some low dollar unhedged gold stocks however. BGO, CBJ, MNG, VGZ, DROOY

999 is a good one also, and its the upside down version of 66... er you get the point, don't like that number. :)

if a stock is unmarginable then you can't short it by rule. If a stock is marginable then it is up to the broker/dealer and stock availability. Initial margin goes up to 100% for sub $5, but technically they are still marginable, therefore still shortable. As a practical matter, most...

but of course, I agree, and that's what matters :) saying something first on a message board plus $2.50 will buy you a Starbucks coffee.

It doesn't take any guts to copy someone else's call, lol. You started a thread and asked for suggestions and I said 880. Now you are claiming you said it first...HA! http://www.elitetrader.com/vb/showthread.php?s=&threadid=14554&perpage=6&pagenumber=2

well we have lots of fans of Sadam, might as well have some Qaddafi fans out there. Any Castro fans?

the S&P has been in an uptrend since it hit 818 and it could easily run to 880 or higher.

the hell-bent-on-daytrading attitude is a definite negative for everybody even though some will get on hot streaks and feel on top of the world, its a great high. Its like a gambling addiction, and everybody figures it out sooner or later. Stop trading for the adrenaline rush and you will...

international law is pure abstraction, because there is no international government, constitution, or police force ( except for the U.S. military). actually all you irrational war protestors are in violation of MondoTrader Law, and you don't even care. Also, on a pro-forma basis I am the...

sounds like its only for stuff that trades on the stock exchanges, so no futures or options would be effected. Its one more thing to add to the "switch to futures" column.

Working can prevent you from daytrading and daytrading can prevent you from working, they don't go together very well at all.

i think people should always start with fully paid for ( no leverage ) stock trading and small size. Once they can come up with their own trading ideas and have a good loss cutting discipline maybe they can move onto other things. I can tell you from my personal experience that going to options...

I am an evil american as defined by both the extreme right wing and the extreme left wing, primarily because my main concern is the survival of the middle class in the U.S. and Europe, those are MY people. Here is my solution: 1. Totally end illegal immigration, whatever measures it takes. If...