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reduce size, increase frequency. penny here penny there, quickly will create piles of money. stop loss is not a good choice. I do not know what stuff you trade. I buy OTM options either call/put. in that way, if the market runs huge wave against me,I am not hurt at all, just my premium...

it is a guessing game. someone guesses a little better, some worse. most can guess well if they are not in the market.but when they are in the market, their "get richer or fear of losing" make their guess go astray, that is why 90% lose. since trading is just common sense. something goes...

I have some plugins (I wrote by myself) if you are with IB. those plugins can let you set up your position size or capital per trade, and the trade number limit per session. thus you can not cross the line or break your rule, after your setup, those rules can not changed until next trading...

obviously aapl will print 500 next two weeks, it peaked. only idiots will buy when it retrac or actually in a down trend. if you connected the low and high, easily it is a reversal pattern. I bought some 550/530 put for next two weeks. nasdaq will easily drop another 100points next week...

stop trading one week, that will automatically put you at no losing position. i.e. the losing streak is stopped. then focus on one strategy, do one trade a day. the most efficent one is buy dip, then sell with little profit. no matter what kind of sessions, either strong down...

delibrate practice? no, in trading there are no such thing. first you do not know what to practice, second the market is chaning everday. practice means those things are fixed. if you want to throw good basketball, the net is just there, and you can see it. and it costs nothing,just the...

true. Fed is the biggest among others. they can let market up and down just at their will. look at those banks, they were at the brink of being washed out, but now they used "tax payer's money :bailout money', they are still here, bac is doubled, aig is 50~60% up.... all those are...

I buy OTM options either call or put, sofar so good, almost a year now. my feeling is the simpler the better. not the cmore complicated the better. try aapl 650call or 480put in the earning, you will see simple buy OTM is pretty awesome. you will not lose much, but if you win, you win...

bought yesterday at 0.6, sold 80% of my holding at 0.85. will hold remaining till tomorrow. just risk free now too much expectation there, the unexpected looks inavoidable.

I bought strike 480 put, just a small position. looks in today's opening, I am doubled +. AAPL is pumped hard, it will crash hard.

I have record three months straight no red day, averaging 4k a month (not matchable with my former softawre engneer job).so called consistency is misleading. no one can have consistency. in my straight green day 3month, sometimes I just get it green, sometimes I green lot. the important thing...

I bought 650 call and made money. if you divide 644/10, just 64.4, or divide it with 100, just 6.44, a 10 buck drop or 1 buck drop in a penny stock. of course who the idiot to buy so high in the thrust, obviously too greedy or too earger to make money

whatever earning it delivers, my bet is it will sink. the gravity law, anything crzay enough a while will be cooled down and then forgotten. you can buy some QQQ put/call to play AAPL earning. AAPL option is too expensive this moment, just right for day trading, earning play is not good...

exactly. aapl has too much weight in the NQ index/S&p 500. it should have 10:1 split, greatly reduce the volitility it creates. you do not need trade others, just AAPL option is good enough.

jessise livemore seems he was a good day trader. when he lost in his long-term trading, he back to bucket shop to day trade. he read tape, bet the tape. sadly he switched to speculation, and broken, commited sucide. I think it depends on someone's personality. someone may be suitable for...

it is true: the brokers and exchange are the consistent winners. and the game is not zero sum. when two parcipants put into $100 in a trade ( a buyer and a seller), the loser lose his commisin and fees, plus his $100 worth trade, also the winner lose commission and fees, he/she does not...

bible said god only helps those who help themselves that means if they can not act right by themseves, no one can help them act correctly. or they are doomed to fail. people like to think, see, when you lose, you think money management is the key, is money management is the key? when...

the most important thing I learned in the market is: I am not the market, even I glue my eyes on my screen 24hours a day, I will never figure out how those moves are made, there are zillions of combinations of moves. so it is fruitless to ponder and think about those moves. so I decide to...

not really. at the first impression, it seems it is. but if you have an improper trading idea, you still end up dead. for example, someone tries to pick bottom on a downtrend (he/she always thinks the bottom is near, bias, so he/she buys), but each time after he/she is in, the exit door...

sorry, I let my emotions out. I got out all my bets around 572, just a wonderful day. have a nice weekend