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I thought it was a good day. Every day stuff moves. You just have to find what moves. I took $8200, so i can't complain.

This is a trading style that I have had a ton of success with. I am constantly improving it to capture the gradual changes in the market and to eliminate the less promising trade. I know it's a thome now, but I consider it invaluable if you want to learn a trading style...

if you have 50k, these rules don't affect you

In all honesty, I have little experience with IBM. I think that I am up a few k net from maybe a half dozen scalps against it. It just isn't my type of stock. If you can work it, you have my respect. There really isn't any particular stock for a person. Just learn a stock. Once you know it well...

I too started with 30k. At one point i was down to 17k. Had this rule been in place, I would have never recovered. I don't think the sec will change this again, b/c all the browser brokers will complain. These guys were left holding the bag on undercapitalized "traders" last year. But they won't...

wet, you can trade options still. I think if you are swinging, options are better than common anyway.

I said not to do Ibm mainly b/c of the fact that it is over 100 and you said you have limited capital. If you can't take 1k shares minimum of ibm and try and scalp quarters, why bother, you are better off buying a 20 buck stock and getting more shares. I have had bad experiences waiting for ibm...

These rules are awsome, I don't know why anyone is complaining unless they have under 25k, but they shouldn't be trading if under 25k anyway. I really love these rules.

The jan one caught me very short actually. I tried to exit, and got stuck snet orders. I was down 10k in seconds. I averaged the positions, and somehow got out flat, but that was one to remember. I think qqq stradles are a good idea, emphasis on the put side probably.

exce26, I NEVER trade GE. There is TOO much liquitity, the moves are too small I think. The specialist is also slow to fill me. It also moves way too much with the futs. But I know some traders have extreme success with those stocks. Lately I haven't been trading my faves b/c there are more...

In the first hour DO NOT USE STOPS. I never do. I average it. If im wrong, then I'll have a good basis and blow it out close to flat. They'll try to gun all 3 stops. Once the stops have been taken out, then you can use stops. As for stocks to trade, that's a poor list. Try trading AMD, I've had...

Best way to play it is to take a nap. I'm leaving by noon with my girlfriend to look for a puppy. I have made money on one fed day in the last 18 months. Fed cuts are just times for ametuers to get cut to bits. There is little liquidity if you are leaning the wrong way, and the spreads are...

Kicking, I have a list of like 15 nyse stocks I refuse to trade. All 4 of those are on the list. I occasionally trade kkd, but besides that, sfa has cost me about 10k since I started, and the rest have destroyed me as well. They trade too irradically. As for someone posting some correllation to...

I prefer listed stocks because of liquidity. I often take positions of 5-20k shares. I look for halves to whole point moves, but I like to know that if I change my mind, I can bail on the whole position down a dime. The nasdaq has no liquidity, and it'S hard to get a fill at times. Also, it is...

Every night I do 1-2 hours of research to compile a list of 20 or so charts that look promising. Then in the first 30 mins of trading i usually eliminate all but maybe 5. That gives me a small list of things to watch. I also watch the 1-5 story stocks of the day, cause they are always primed for...

It's extremely difficult to trade from 930-50. I ususally start my fades at that time. I almost never make money before 10. Premarket, the only thing I trade are warning stocks.

You really don't have to be that good to make 4k a day. That's basically 10 dime scalps on 5k shares, or 5 quarter scalps on 5k shares. Not really that hard. If you figure a guy out, you can bank. The thing is that you must watch him for months/years until you get his read. As I have said...

come to the yahoo elitetradinginaction club

Definately. When I used to use it, I would take 2-5k a month from setups on it. I no longer use it however, but it is worth it.

Ib's platform looks like ass. I would rather just use datek, it looks equally bad, and it's gonna be free.