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One thing some professional traders do is channel trade. They will trade in a channel of selling the highs and buying the lows and having orders of sell sitting above the market and to buy below the market. SOmetimes they will also place additional orders below their lower buy as extra...

Well I've noticed I changed a lot after going from a ticket charge structure to a non ticket charge structure. I used to enter a trade once and than exit once with an occassionally adding to a position once or twice if it really went in my favor. Now with a per share basis that I...

This topic has heavily been beaten up. Click above under discussions, than professional firms to see all of them. To sum it up. WorldCO is a proprietary firm. They take no captial or very little but take a % of your profits. Contact Hitman for more info on that topic. I doubt...

White? Echo has very little talk of risk management for the firm? Are you kidding? I know the risk management department. First it's a seperate room from the trading desk. Every single trader is watched. The have the # of open positions, size, # of longs, how much capital being used...

eye drops. every once and awhile. You aren't blinking. Proper diet. Taking vitamins? Posture and type of monitors can be another. How about taking an hour off during dead zone? exercise. rtharp

Steve it isn't an issue for the firm short term but long term it would work better for them to keep as many traders as possible. ___________________________________________________________________________________________________ I keep hearing how much money is at the firm is how to protect...

StockPunter run a search on this board for Great New Pattern and Great New Pattern2. Pretorian2, Dustin, me and a few others play with that setup a lot. We are usually trading with the specialist. rtharp

Pretorian2 Hedge Funds are easier for off shore investors than here in the US. THe US requires that a hedge fund have no more than 100 US investors and all of them must have a minimum net worth of 1 million which than then can be classified as an accredited investor. Yep There is...

The story I heard was a trader got short heavily in RMBS during the bull market about 6000 shares and held overnight as it went against him for about 7 or 8 days. At the exact same time he got long a stock at 18 and as it started to go down he would buy another 100,000 shares each days so...

I'll add someting else. Brian June and Dr. Tharp coached me for awhile. One of their big things was for me to have written rules and a business plan. It was exactly what I didn't want to do. I felt it was very restricting. My experience was exactly the opposite. It allowed me to...

MJT first Echo's short list is extremely extensive. I don't have a don't short list but instead a hard to borrow list. I've shorted quite a few stocks on the list at times with no problems. Remember being a professional also means you can now short stocks under $5 which is something I...

Actually as a trader with Echo if I hold no overnight I am charged no margin interest at all and earn interest instead on my balance. True daytraders don't hold overnight positions as there is a lot of risk overnight. When I do hold overnight it is either at broker's call or very close...

Pretorian2 and others. I've found KKD EXTREMELY difficult to read, but that is just me. Thought I'd warn others. There are stocks that are a lot easier to read. I used to scalp F (FORD) a lot but with all the news lately stopped. rtharp

Michael Day The trade you bought at 45 has to clear first before the trade is done and so does your sell. This takes 3 days to clear (I'm not sure here as I am a professional trader not held by the normal limits of a retail account so don't quote me on the # of days) So yes technically if...

Hi guys This is something my father Dr. Van K. Tharp -had studied quite extensively. (I know a lot more than 2 traders who are consistently profitable).... What he discovered is the very intuitive traders took years to become that way. The developed a sixth sense about the market, an...

To clarify a cash account you can buy and sell a security the same day. But the cash to buy another security won't be available till the sales clears. There is no "good faith" in a cash account as no borrowing (even for a future purchase of a stock) is allowed. rtharp

Echo is only 5-1 to clarify for $10,000 accounts currently. ___________________________________________________________ This thread is getting off topic........please remember this is about IB and not allowing 4-1

Take a look at a yearly or monthly chart. It is a completely different look. rtharp

Well I'm with Blue Cross they give great rates to individuals. Pick up your phone book and call a health insurance agent. Have him run a search of all the major firms prices for you. I also consider part of my health insurance (that I also pay out of my pocket) My gym membership. I am...

Baron maybe we will meet in New York in 2002 than. Robert