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Think about it for a moment. If you were making > $1 million a year trading how much would you have to be offered before you'd put the time and effort into training someone? $10,000 is just noise... $50,000? Maybe that'd start to get your attention. But really, just for kicks or because...

Us traders on ET should get a bit more organized and start posting comments on these types of articles to counter the 'traders are wall street scum' attitude that's so prevalent. I know it's only a drop in the ocean, but with no organized voice, it's something. I don't care what people think...

Just so no one can accuse me of only posting on the good days.... Today was #5 worst of all time. -$76,000 On the wrong side of everything, especially AFL. That thing took $31,000 from me in 3 accounts, 3 different strategies. It WAS a decent month before today.

I use Merrill and IB for short inventory on a big list of thin, hard to borrow stocks. IB blows Merrill away. Not what you'd expect from a broker with their retail base, but IB has made huge improvements in this area from a few years ago. I don't call to do locates at Merrill very often...

Who is this "we" you keep talking about?

-20? lol!! They'd be idle half the winter. Open pit diamond mines and drill rigs in the far north run at -50. Kids don't even go indoors for recess at -20.

And less volatility. I'd take a repeat of the 4th quarter of '08 over the most raging bull market in history.

Any trader worth his salt has a big, fat cushion from 2008 to help him get through any supposed tough market. Good traders can make $ in any market though.

Here's my opinion. Independent traders are a unique breed, and our business is unique. No one other than a fellow trader can understand what the anguish of breaking your rules and getting spanked feels like. Or the emotional roller coaster of the learning curve. Only a trader would...

WTF are you talking about? I had a pretty good chunk of money in there when they closed.

That chart is a good example of the 'hand grenade tossed in your lap' analogy. Hope you managed it ok.

I don't. To each his own, there are many ways to play it.

All it did was remove liquidity from the market. It was plainly obvious to anyone actively trading those stocks. Spreads were wider, price moves more erratic. Hasn't every study ever done on short selling come to the same conclusion?

You don't equate trading to running a business?

In the back of my head, I have a roughly defined uncle point, but a lot of factors will go into pin pointing it at the moment I have to pull the trigger and start exiting. With enough trades under your belt the relatively few situations that really make you squirm in your chair are easily...

Yes, I would have to agree with that 100%. Capital preservation always is goal #1. I'll clarify my earlier post by saying that I do exit all trades eventually. No stop doesn't mean I ride a position to zero. If the reason I entered the trade is no longer valid, then I get out. If it's a...

I don't care about technical levels, but I will sometimes skip a stock the day or days after a crazy move on big volume. I trade several different strategies. No single one contributed more than 1/3 to my total yearly P/L. But I don't do any tape reading.

I have strategies that don't use stops and/or average into losers. There's many many ways to trade, there are no hard rules. As for the Cohen comment, anyone with even a little trading experience wouldn't find that remarkable at all.

There's a 2009 thread now guys. http://elitetrader.com/vb/showthread.php?s=&threadid=149473

Here's a simple re-cap of my 2008 opening orders results. I've posted this info at the beginning of the year going back to 2003 so figured I'd continue the tradition. Check the first page of the 2008 thread for links. This strategy is not my bread and butter any more. I've been doing it so...