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To say the market is split would be a bit of an understatement. The DOW was down about 66 points on Friday while the S&P500 increased 1.79 points and closed at 1179.59. Volume decreased slightly to 2.47 billion shares. Advancers beat out decliners by about 2 to 1 but there were only 34 new highs...

I agree with that. I have been humbled a number of times in the market and I always try to keep that in mind. I come from a midwestern farming background and no one lets me think too much of myself. Whenever I think I'm too smart my Grandpa still will loudly announce that he remembers when I...

http://www.position4profit.com/videos/oct20.html

I did make a note earlier in the day that a lot of the names were gapping up and I would be using the gap rules for entry. This is a fairly simple rule that if a stock gaps up on the open nad that is what causes the trigger I will wait for the first pivot high (or low in the case of a short) to...

Agree on GES that the relative strenght is great. I have been watching it closing...but unfortunatly that has been all..watch. In that same group also like RL a lot and have an order in if it can break above $53.00 Brandon

I am going to be doing a scanning group tonight at 8:00 PM Eastern on Hotcomm. It is on Relay 10 in Mainstreet. During the scanning group you are able to watch as I look at the markets and discuss current market conditions and opportunities. They normally will last an hour or two. Brandon

I am really not pleased with BA so I am going to go ahead and close it. Back to 100% cash for me. BA resulted in a small loss from the $68.00 newsletter entry.

No. I have a perfomance hurdle that I have to clear before I get paid and interest alone would not cover it. I have to add value with what I do or I wont get paid, but I still have bills to pay. I have never really had a problem with cash though, even when I only had $20,000 because I have...

A couple of these are gapping up above the entry this morning. When that occurs I wait for the first pivot point to be put in and do not buy until it trades above that point. Brandoin

Meaning I dont buy breakouts nor do i care what IBD rates the stock. I do buy breakouts, but I don't particularly care about the IBD ratings. For example CHIC has an EPS of 11. I do my own fundemental analysis and really care about the sector and how other companies as a whole are...

www.dailygraphs.com

The thing that I like the very best about the market is that you can never be sure. You can not rest and think oh I am in some great stuff and I can't be wrong. In fact you can be totally bearish and wanting to be 100% short on Monday (and be completly right in feeling this way) and by Wednesday...

http://www.position4profit.com/videos/102005.html

There was an interesting article in Futures Magazine about the effect of long only funds on the market. The unwinding of Refco could be interesting if it happens and bring prices back to a more "normal" level in many markets. Brandon

I have not read any of the follow up posts on this thread, so if my statement has already been made please forgive me. You can't get rid of ego in trading. I think it is needed for success. It takes ego to come into the market and think you deserve to win.

I think if you try to put yourself in the patients position you will understand the frustration. You are forever being told by well inentioned people that this or that worked for this person or that. You try it and try it again. It doesnt work and you feel like shit. You try it again and feel...

I did not really read through the thread much except just to post my reply. But to that particular statement all I can say is this. Oxycontin saved my life. Without it I would not be here, I was on the verge of ending my pain when I found a doctor who was willing to help me end it and allow me...

Why do we need 500 refco threads?

I know that opiates are a live saver. If it was not for them, I would not be here. A lot of people know what my situation has been so I wont go much into it, but having suffered in terrible pain for a long time I am fortunate to have gone to the Mayo Clinic and been given narcotics. That...

Unfortunatly you really need both Sam. You can have a great return with high consitancy and low drawdowns, a great sharpe ratio etc and if you don't have the education it's a huge pain in the ass to get funds. Many of the big players will not even talk to you. Been there, done that. Brandon