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Actually if you're only trading 100 shares now you could trade for $1 each way at MB. $2 roundtrip beats the heck out of $14. Not sure how many trades you've made in 7 months but I suspect lower commissions would have you net positive. In addition you'd have Level II and T&S. Your current setup...

Actually 0.20 in a trade of 1-2 weeks can yield some decent profits, a lot depends on the price of a stock. If you're in multiple positions of 5-10K shares you can do okay. Example, this week I had 15K shares of a $5+ stock and made 0.15 in 4 days. Closed out a 8 day trade yesterday and made...

Why not? Anyone who's been short and/or sitting on cash can find some stuff that's been taken to the woodshed and is oversold. Examples .. RCKY under $11, SWKS around $4 and PMCS $5.15.

Paul (and Vicki) TerHorst are great people and his book was an eye opener when I read it in the early 90's. It's a big part of what made me decide to leave the corporate world and now trading is my primary income. I recall when Money magazine also did an article on Paul & Vicki in the late...

It's funny because after the 1st profit milestone is achieved, where BOTH traders make 20% you apparently then PENALIZE the short trader and only allow him to play with $8K in round 2 while the long guy gets to invest $12K. The short made $2K just as the long did. So he can take his $2K profit...

If you've been trading for years and know how stocks work why wouldn't you short when opportunity presents itself? You're not a trader, rather an "investor". Nothing wrong with that but you're limiting your gains (by not shorting) and incurring (paper) losses during declines. Earlier you said...

Does such a statement mean you only play the long side? If you're gonna play you have to learn to trade BOTH short & long.

If you're going to trade you're shortchanging yourself if you only play the long side. Playing BOTH sides greatly increases your chance to make money on a daily basis. Playing only long is like a football team only running the ball (and not having a passing game). Big disadvantage in not using...

I think your 99.99% is a bit exaggerated. Further, of those who lose money I'd bet that 90% of those don't truly work at it. I've been trading full time for 10+ years. I've seen people come and go and many would come into an office with little knowledge of the markets. Did these people approach...

AMD is in CA ... 3 hours behind those on EST .. so they released it between 4 & 5 pm their time ... at the end of their day

No, he didn't necessarily lose all his retirement $$$. If he/she CHOSE to buy Enron stock and didn't diversify by allocating $$$ to other options (mutual funds, bond funds, money market, etc.) then they bear some responsibility. No one at ANY company should put 100% of their $$ into company stock!

So higher commissions and safety mean nothing? With such logic I suppose you think a Dodge Neon or Ford Focus (inexpensive cars that performed poor in crash tests) is a better buy than a Mercedes or Volvo since it costs less. Never mind that a nasty collision might cost you your life in a...

Actually if you can only make $$ on big up days then you need to think about other endeavors. Any day there's volatility, up or down, creates great opportunity. To rant about making some $$$ on some big up days suggests you don't know there's 2 sides to the market.

In 2006 Barron's rated MB #1 Software based broker and also #1 in trade technology and trade executions. And then you can see the comparison of all brokers ranked. See where MB ranked overall versus where Scottrade ranked. http://www.mbtrading.com/barrons2006.asp You can see where...

Wrong. Do you know what a "scratch" golfer is? I'm no longer playing scratch but can still play pretty well. It's the small incremental changes to your swing that get you from a 3 handicap to scratch. And for the pros it's the small changes that get them from top 125 on the money list to winning...

Actually, golf is a good example. Tiger started young. He gained some basic fundamental knowledge regarding the golf swing. Over time he fine tuned it, improved his execution as he matured and learned more about himself, how to attack a course, as well as the psychological aspects of playing...

I guess you didn't read my original post, which said: And last, you don't need to sit down next to a great trader to learn how to trade. Maybe some people do but not all. Some people come into the game with knowledge. Plenty of self made traders just as there are in many other professions in...

No, knowledge is what I meant. To succeed in any endeavor, whether it be engineering, finance, or trading takes KNOWLEDGE. Show me anyone who's achieved success in any of the above who lacks knowledge in their field. And no .. I'm not a newbie. Been trading full time for 10+ years. And I...

With all due respect your "buddy" must have been a horrible trader to lose $75K trading that small. When I first started trading similar size I felt it was easy as I made money from week 1. Only as I increased size did I find other challenges. And one learns as they evolve as a trader to make...

I volunteer my time. Writing a check to someone is easy. No doubt $$$ is needed for many organizations. But giving of yourself to someone else .. whether it be working with disadvantaged kids, mentoring, literacy help, etc. gives me a lot more feeling of satisfaction than giving someone $$$.