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Joeski, I'm sure others have/can explain it more succinctly, but that 9 to 1 multiplier effect is the theoretical cumulative effect of the original bank loaning out a portion of the original 1M, then the loan recipient spending the loan on a house, car, etc, then the home seller depositing the...

lol, forget about reinstating the uptick rule, lets have the new and improved 5-uptick rule that I heard suggested numerous times during the worst of the market meltdown in October. What kind of a killing could professional traders make with that? Set up a conversion on a couple of trading...

Hmm...so oil has cratered by 70% off the high. How much has the dollar rallied again? Didn't realize that correlation and cause/effect were the same thing.

Bush was probably referring to policies made by Clinton administration; in the truest spirit of passing the buck he wouldn't dream of laying blame on his dad.

The greed and stupidity displayed by Wall Street AND main street during that runup is disgusting. We will be paying the consequences for years to come. The really sad part? All those people who made fortunes on mortgages that they HAD to know were doomed to failure and didn't give a damn...

Back to the original question posed by the OP, what exactly do you think outlawing foreclosures will accomplish? Is it supposed to prop up sinking home prices? Spur lending? Create more demand in the housing market? Seems to me that suspending foreclosures doesn't get at the cause of the...

I was looking at your examples, and, not sure what problem with the system is being illustrated. Looks like you would have made your first profit of 2 pts, then 3 pts, then the next bounce turns into a trend reversal with a stopout. Maybe you are suggesting a moving stop rather than a static...

Friend, some of the other posters have been trying to tell you, the MOO price doesn't have a damn thing to do with where the stock was printing at 9:30:00. There could have been all kinds of prints going on ECNs. If it is an nyse stock you will get some of the opening NYSE print. Not sure how...

yucca, thanks for sharing, i haven't read your whole thread, but i am intrigued. regarding the comment on perhaps hedging your portfolio with some put spreads, could you accomplish that through the use of such a spread on an index, like spy or dia? then you wouldn't need to feel compelled to...

where is stocktrad3r?

I was following homebuilders, gold miners and oil refiners today. I switched out of brokers, LEH just hasn't been correlating with the others in the group and it is very news driven right now. I was doing quite a bit of scalping outside of this strategy, thus only took one signal, late in the...

that makes good sense, especially paring down for the overnight vs an intraday trade.

I didn't get much trading in today, and didn't take any trades based on this evolving methodology. I've had guys here retiling a shower in my house, so it has been a distraction. I was playing with my charts (again) trying to tackle the problem of wanting to be flat at the end of the day...

Oops, I think I was mistaken J, it wasn't your journal. I've never been interested in doing this journal thing on a public forum before, but at this point, I'm hoping it will help keep me honest in my trading and more focused on eliminating my "wild hair" trades where I just throw out my...

Day 2 was rather uneventful in terms of trades generated by my indicators. Again, I was watching gold miners, homebuilders, and brokerage firms. I took two trades, both short, in the homebuilders. I stopped out of Len at 15.25 when it started trading new intraday highs, for a .09 loser. Later in...

Thanks for the encouragement J, I notice you have started a journal as well, I am going to check it out. Hopefully we can all learn a little bit about ourselves and trading along the way.

Today, my first day of trading this MA crossover scheme. I say "scheme" because it is really a work in progress; I am still ironing out many of the details in terms of how I will handle stops and profit-taking. Today I was watching the following 3 sectors, gold miners, brokers and homebuilders...

I have used esignal for several years now. One thing I do like is the ability to easily create spread charts and symbols on the fly. If you are using v10.something, and creating spread charts, this may be a partial cause for your difficulty, with system crashes and such. When the new version...

I can't quite believe it, but I've been trading for 3 years now with a prop firm. I've been primarily a scalper, with some intraday stock pairs trading and hedged overnight trades. I haven't blown out my account, but then again, if I had been one of the guys who showed up with >=25K and a dream...

Damn, when I read the title of the thread, I was hoping it was started by hedgefundtrader2 or stocktrad3r.....