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After trading since 1996 I've found that for me to do okay I need to be adaptable and alter my trading methods as the markets dictate. I try to "listen" to what the market is telling me and trade accordingly. The past couple years scalping has been my best money maker, something I'd not have...

I'm not sure the bull is back! Has Battataglia ever been bearish? Fear and greed drive the markets. Nice move off the Oct. bottoms but I don't think we're out of the woods yet. In any event there do seem to be more new traders lurking and jumping in the water.

I remember when I first started visiting All Tech in 1996 or 1997 and I used their simulator. They had a guy in their home office in New Jersey who would handle the simulators running at all the branch offices. About 95% of the time you'd get filled and every now and then they'd fire a message...

I'd agree 100%. I was tempted to reply to one of her earlier posts but realized it would just be a waste of time and bandwidth. Ignoring her and her asinine posts would be the best approach IMO.

Probably can find all the info at www.irs.gov under the forms, publications, instructions ...

Don't always agreee with him, but you gotta like Fleck and David Tice to counter the bulls.

Hedge funds are also starting to think the worst of the bear is over ... read an article earlier today. But I too am looking more to short than go long. Upcoming week will be a down week IMO.

Not near 15-20 year lows ... look at the chart below and see where it was in the 1983-1988 (15-20 yrs. ago). It appears to me as if it's up 100% since the late 80's. http://finance.yahoo.com/q?s=GM&d=c&t=my&l=on&z=b&q=l IMO GM was incredibly overbought then ... of course that was when the...

If you want the NASDAQ short interest also you can find it at the link below: http://www.viwes.com/Invest/ It's published about the same time you'd see it in the papers (WSJ, IBD).

I'm with you ... lightening up on long positions and starting to go short a little bit. My biggest concern is any bad news recently has been blown off as we headed higher ... thus, the careful selective shorting.

Ramp up, ramp down, up, down? Better make up your mind ... or is it Happy Hour already where you're at? Or maybe you started early!! :p

Too big of a run too quickly IMO. Market has been shaking off bad news impressively. But given that it is Friday I see profit taking as the course of action.

I think you have to learn to not second guess yourself on your trades. We all leave money on the table at times. No one buys the bottom and sells the top or shorts the top and covers at the bottom. If you do continually second guess yourself you'll be less than 100% focused on your next trades...

No question you'll learn by "doing". And you might get exposed to a lot more than you think .. besides the actual construction there's the landscaping, working with the recipients on budgeting, ... all in all a really worthwhile experience.

Hiking to the top of the upper falls was a lot more fun that trying to climb El Capitan ... can't be any fun dangling way above the ground floor at night trying to sleep ...

Ed Seykota ... still recall his 3 rules for good trading (1) cutting losses (2) cutting losses (3) cutting losses Also liked Marty Schwartz a bit ... a lot of it was motivation oriented. Believing you can do anything if you worked hard enough, performing at levels beyond expectations, and...

I too left to trade in large part for the freedom it allowed me. For me it's the freedom to CHOOSE each and every day what I WANT to do that day. Some days I don't trade or trade just a part of the day. One morning a week I tutor at the local school. I also mentor a 11 year old kid. Those...

Sorry I missed your followup questions ... but to answer the above. I built up my capital mainly through having a decent corporate job, saving a pretty good amount of my income and avoiding debt as much as I could. I paid off the mortgage in less than 10 years and never financed a vehicle...

Nice post ... you exhibit your stupidity quite well. You're right ... I'm "dumb" ... I struggled to get 3 college degrees ... I struggled in the corporate world for 15 years ... and then left to trade ... and I continue to struggle after 7+ years of trading ... I struggle living here on an...

The only thing I'd admit to is not being as bad a trader as Mr. Market. Or as scared a trader ... geez, what's he put on? 25 trades in the past year and a half? Now that's "insignificant"! I don't need to brag about my results but I've been doing this full time for over 7 years.