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Today's action has been thus far a very strong trend day up off of an NR7 Breakout in all of the major indexes. Currently the indexes are all holding up very well. This is a positive sign, and should it continue we would expect continued strength into the close. Look for stocks that are showing...

Third time is the charm.

I think that Baron does keep a transcipt. Brandon

If you make a map of success it will help you get there faster and keep you on the right track as you are on the road. Setting goals is important in all aspects of life, trading included, if you are to be successful. By setting goals you identify the things you want. Not only that, but you...

Tradingfrommainstreet.com will be providing Elitetrader members with a FREE 6 to 8 hour online short term trading seminar on Saturday May 31st. We have lined up an exciting list of speakrs with topics that include: Speaker: Toni Hansen, President of TRADINGFROMMAINSTREET.COM Topic: An...

I find the NYSE Tick indicator to be one of the most reliable weapons in my trading arsenal. The Tick is a simple measure of upticking vs downticking stocks on the NYSE. When used correctly it is very powerful. Most people, when using Tick, simply apply it as an overbought, oversold indicator...

[10:49] <Brandon> 10:49:26 STOCK SCALP TRADE: BUY SETUP GENR above 1.40

Good Trades, Bad Trades. Winning Trades, Losing Trades. Many people think that a winning trade is a good trade, and a losing trade is a bad trade. This can be a very unprofitable and naive view. A more successful way to look at your trades (IMHO) is to view a good trade as any trade in which...

Dont we ever sleep..jeez :p

I agree 100%. I think that it is important for people to "get to know" Toni and or I before they take part in the program for that reason. We both have different styles and while one of us might be a good match for someone, the other could be terrible. Also, we have a 100% money back guarantee...

I couldn't find any short setups tonight, that's almost scary. We will start to be in full swing HOLIDAY TRADING probably starting tomorrow. Reduce your risk. Ebay, Inc (EBAY) has been one of the markets strongest uptrending stocks. It reached a new 52 week high and over the last several...

News can provide one of the best opportunities for traders. It can also be very dangerous if you do not know how to deal it. I personally do not buy good news, or sell bad news. I look to buy bad news and sell good news. This is based on the premise that if something is supposed to go up, but it...

Ill try it with a picture. Hopefully this will be a better way to explain. Brandon

If you want to talk to me and are interested in the program. Its pointless to do it on ET because if I made $50,000 that would not be enough and if I made $1,000,000 Id be a liar. So from my perspective, posting here I have nothing to gain from it at all. I post a list of real time trading...

MOVING AVERAGES Moving averages tend to serve as great levels of support in the context of an uptrend. For the purposes of my trading I use the rising 10 day, 20 day and 50 day simple moving averages. Strong up-trending stocks tend to bounce off of rising moving averages. When we see bull flag...

MINOR SUPPORT: Minor support is the general price area at the peak of a previous rally in an uptrend. MINOR RESISTANCE: Minor resistance is the general price area of the bottom of the last selloff in a downtrend. Brandon

3. For example, if you have a $50,000 account and are risking 1% on a trade you would not want any trade to cost you more than $500. If your stop was $1.00, then you would trade 500 shares. Brandon

One tool I find enormously helpful in evaluating trades is to keep a trading journal where I log all relevant information regarding a position. I can then use this information for future reference to identify problem areas, strengths, mistakes, etc. The following are key sections in my journal...

When I was in high school I worked on a turkey farm as a hired hand. My job consisted of hauling grit and bring dead turkeys out of the bar. Turkeys die. The farm I worked on raised about 200,000 turkeys each year. Of those about 12,000, give or take a few, would die. Nothing can be done about...

Here is the problem in a nut shell kg, I really want to keep the thread on topic (ie info for newbies, not people bitching about me, I did start a thread for that though if you want to go there http://www.elitetrader.com/vb/showthread.php?threadid=17778 ). It doesnt help anyone to have to go...