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I wonder what is the reason for the sudden jump...

So with the "static kill" coming up. If the kill does not work its down for BP again, but if does work will it still go down? It seems like a "sell on the news" set-up, static-kill must have been priced in way back. On the other hand it may go much higher after the "static kill" news" since the...

Ladies and Gentlemen, I was wondering if anyone has any information on trading while on unemployment. I have recently been laid off work and receive unemployment, in addition I actively trade. My question is "Does trading conflict with unemployment?" If I am profitable should I notify the...

Ironically while I was making all my preparations the decision was made for me. A large number of people (including me) was laid off. My wish has been granted and now I am free to swim in this wonderful market. So far things are going good on the daily front, but my long term portfolio is...

Good point. This thread did take on the "tell me if I should do it" tone, but of course I do not expect anyone to make this decision for me. I know myself and I know that I want it enough to go for it and make it on the small scale (at first). Still, I am grateful to everyone who chose to share...

Thank you for the vote of confidence NoD. I agree with your interpretation of the job security paradox. It’s an unstable relationship between and employer and an employee that can abruptly end at any time, but people just live with it because they are afraid or dont know any better...

May not be best of the best, but its free and gets the job done. http://www.marketwatch.com/story/newsviewer

Thank you all for your comments. Its good to see "go for it" and "don't do it" type of comments, they paint a clearer picture Without going to much into the details of my situation I would like to say that I am not leaving a good position, I am an entry level corporate employee. Its not as if I...

I agree with that. If I look at my trading aspirations in the same light as opening a new business, many of the same risks and uncertainties apply. Claims like practice until you are 100% certain are wrong. Nothing is certain but death and taxes, for everything else there are probabilities. I...

I am on the verge of leaving my day job and getting into trading full time. This post is not about my chances, my experience, me edge or my capitalization. I have covered all those bases and set my mind on trading long time ago, but I cant help to feel a discomfort or even fear to leave my 9-5...

I just wanted to say thank you to those few that have been following my brief journal and those that left their comments. I am briefly suspending the journal updates since I had to go back to my day job. After this few weeks I can with certainly say that I got the "hunger". I will defiantly...

mdl, When I shorted there was no longer term S/R, the stock is trading at 52-week high. I find this situations tricky because there is not good point of reference. Why in your experience its dangerous to reverse a position if you realize that you are on the wrong side of the trade that you...

Day 9 (please see the attached chart): Was trading WYNN today. As you can see from the chart I got an interesting lesson in resistances and breakouts.The stock is trading at its highest point in over a year, so there is no resistance to speak of its all a new "frontier". At first I caught a...

I am glad to hear you see it too. I thought lack of screentime is making me see set ups that are not there :))

Day 8 (please see the attached chart): Well BBY has been screwing with me the entire day. First we get a small down gap at the open followed by a nice run up. I miss the initial move and around 10:30 start thinking "well why don't I join this nice slow up trend?", but wait BBY is approaching...

Day 7 (Please see the attached chart): Today was a fairly good play on news. My stock on choice was MON and it gaped down at the open. I bought it on the way up and exited too soon in a desire to preserve the gain, it was not a rational exit and I should have waited until the gap closed or...

No, please don't worry. I welcome any trade related discussions and comments. While I am interested in learning price action, price action has to be interpreted in context (of the bigger picture, market, stock, trend, etc...) and that means that a greater level of awareness is required on my...

How would you feel entering when the second bottom was forming and putting a sell stop a few ticks under the first bottom (around 127.75)? This way you get a significantly better risk reward ratio. If you wait for confirmation in this type of situations you get small reward and small risk, if...

Day 6 (please see the chart attached): Today was an interesting lesson on long term major resistances. If you look at the chart it looks like one long trend, just get in and let your money grow (not for me !). I have noticed this trend around 10:15am EST, but that time it has been well on its...

NoD, Nice trade on NFLX, from the fundamental view it looks way overbought, but thats not a daytraders concern :) I am trying to capture moves like this too. I strive to enter somewhere around the point were NFLX reversed at around 10:05 EST and to place a stop right above the double tops...