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huh??...the American consumer is the biggest importer in the world. The American consumer is very important to globalization.

I'm not sure what the person who told you that the API bypasses TWS is referring to, but I use the Java API to directly set up a socket with TWS. So basically, you fire up TWS, set it to accept socket connections and specify the port you want to use. Your Java code then uses the API to...

It doesn't really have to be 1% every week. But thanks for the good luck wish!

Thanks for the advice! I do understand what you're saying, but I'm a bit hesitant about trying to "predict" direction. But you're right, with the Financials and homebuilders, it was completely the wrong time to make those trades. I think my main issue is that I need to look a bit closer at...

Yes, my application is developed from scratch. I'm using Java and the IB API. For historical information, right now I'm not concerned with real-time data as I'm swing trading, so I use historical information from yahoo on the stocks I trade. Also, I have an account with Scottrade as well...

First, I've got my first iteration of my automated trading system up and running. Right now, when I submit a trade, the system will automatically set up my stop loss and limit points. I've also gathered some preliminary statistical data. So far, my system is a bit too rigid. I'm next going to...

I think the short answer is that the market has a higher probability of going up. I think you could use probabilities in your own trading style though to determine winners/lossers, entry/exit positions. That's essentially the strategy I'm developing myself. We'll see how it goes. I'll...

Oh interesting. I didn't realize that JSystemTrader was a Java framework to use with the IB API. I'll have to check that out. Yeah, right now my system is developed from scratch in Java. I prefer Java because I'm a software engineer and I'm comfortable with it. Plus, a pure language gives...

I'm using interactive brokers and I'm using their API. I'm developing the system in Java.

My Trades for the week: 9/4 Shorted BBY at 44.25 Sold rest of Matk at 27.49 for 2.6% gain 9/5 Covered half of BSC at 112.50 for 3% loss Covered half of BBY at 43.14 for 2.57% gain 9/6 Covered rest of BSC at 106.55 for 2.49% gain 9/7 Long IHS at 50.99 Percent gain on the...

Bonds and stocks aren't really directly related to each other, the interest rates are what actually motivates price movement in both stocks and bonds. For instance, if a bond sells at "par" value of 1,000, and the current interest rates are 7% and the bond is at 7%, it is "fairly" priced...

Sounds like a little rumor got started to do some short covering :D Now don't get me wrong. I'm not "predicting" this stock is going up. I simply don't believe that without some drastically bad news, this stock is fundamentally strong in the short-term at least. Now that's also not to say...

Thanks persistentTradr and thanks for your spreadsheet! Each trade actually has two different risk/reward ratios. One has a higher winning percentage with smaller gains and larger losses, while the other has a lower winning percentage with at least a 2-1 reward to risk ratio. So the 3%...

Here is my first week of swing trading. I'm starting very small and will scale up depending on success rates. I hope to do more trades in future weeks, but I didn't see very many opportunities I liked this week. Shorted GS at 172.67, covered 67% of position at 177.85 for a loss of 3%...

I completely agree. I stated some of this in another thread, but this stock is fundamentally strong. It's also going to move with the market fairly steadily with a beta of .96, so the only way this stock becomes a successful short is if the market tanks. And even so, because of the profit...

surfer - What is your short target? IMO, it might be dangerous to short this stock strictly on technicals. The company has a lot of cash on hand, it has outperformed the industry very well, it has had quite a few growth opportunities lately and analysts seem to love this stock. Plus it has high...

I've decided to start my own journal. I will be shooting for very modest 1% gains per week. I will be using small positions initially and I will be using a swing trading strategy of which I will not hold a stock for more than 2 weeks. It will also be a very mechanical approach. Let's...

I had the exact same thing happen to me. The instant I saw the change in terms, I knew they were in trouble because I have absolutely flawless credit.

You do realize that all those companies rely on a strong economy to flourish don't you? GOOG's entire business model is built upon advertising dollars. If there is very little growth opportunities in businesses and we have an economic downturn, there will be no growth there and those stocks will...

Actually, I think those are all good choices in this market for investors. What he's doing is typical industry shifting of his money. Financials have been beat down in the bull market top. That's not unusual and is typical industry action. Now with interest rates beginning to fall, growth will...