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Point taken. Not an ideal illustration, but the point I was trying to make is that if things are going well, why stop? I guess I'm making an assumption that people would have the ability to execute their plan according to the plan itself, not their current P/L. Obviously many can't do this...

The other option is to assign a name to a1 and b1, then reference the name in your formulas. It's under Insert.

A high jumper wants to set a personal best by clearing 2.10m. In an international meet, he is feeling on his game and clears the height on his second attempt and is tied for first with 3 other jumpers, they all have 4 attempts left. Should he tell the scorer that he's done and he'll check...

That's true. I'm paying almost double the commission rate at my current firm than I could find elsewhere. But I don't haggle and I don't rock the boat because they give me massive leverage and let me do whatever I want and charge a very reasonable rate for it. Sure I could save a few...

I've come to believe that this is what seperates the mild and moderately profitable from the very profitable traders. It takes work to divorce emotion from money, to break the associations that society ingrains into you. But once you do, it's like peeling a thick layer of hazy plastic off...

You are trying to predict what the stock will do. Charts can't tell you that. In fact no one and nothing can tell you what a stock will do. All you can do is try to put the odds slightly in your favor and over many many trades let the numbers work themselves out. If you feel as though...

When a stock makes an outsized move like BC did yesterday, I will usually reduce share size in him for the next, or often next few days. There's a good chance that the volatility increase will last a couple days and greater volatility=greater risk, thus reduce size appropriately. I still...

500/day is $125k/yr. The odds are never. But if you have enough savings to go a year without any income and you trade small enough to keep most of your capital, and you have enough capital to begin with, and you have a demonstrable edge, and.....

cnbc and bloomberg both transmit on XM satellite radio. Great way to get up to speed on the day on the drive to the office.

So you can go up to $50k in the hole on overnight positions? Sounds like a good deal if you have a profitable swing trade system that you want to step up.

Sounds like some of you don't know that when the specialist is only showing a one lot on the inside bid or offer, it means that he's turned nx off. You won't get an execution at that price, even if your order is for 100 shares.

I make trades without consulting a chart sometimes. A certain quick-flip setup based on the tape, or an obvious arb opportunity. I know a bunch of guys who scalp news stocks and never look at a chart, trade off the tape only. BTW, the very good traders that I know use no indicators at all.

Natenberg's book is the standard. I've read the others mentioned above, and his is still the best introductory text. http://www.amazon.com/gp/product/155738486X/102-6276705-7226557?v=glance&n=283155&n=507846&s=books&v=glance

Those types of places will send you a K-1 form. Those firms are structured as partnerships, with you as a certain class partner. Filing a return means filing a federal tax return with the IRS. Done on a 1040NR form.

http://www.irs.gov/individuals/article/0,,id=96287,00.html#revised What are the revised application standards for ITINs? Effective immediately, each ITIN applicant must now: * Apply using the revised Form W-7, Application for IRS Individual Taxpayer Identification Number ; and *...

Which prop places expect this of you? None of the ones I've ever been with. Put up your $10k with a retail llc, no licensing required, good intra-day leverage, there's lots of them out there. Usually restrictive on overnights, and you might pay some kind of monthly software fee. I...

The only way to get a tax ID # is to file a return

Nothing wrong with trading oil stocks on the open, just realize that they are more correlated to crude than the S&P futures, which is likely what you are using to figure your fair value. If you are filled in one, key off the OIH, not the spoos. Secondly, 100 shares of AHC is nothing like 100...

I use cbsmarketwatch, realmoney.com and tradethenews.com I pull most stocks with news, but if I keep it on, I will reduce the size. I never adjust prices based on indications. Sometimes news stocks are great, other times they're terrible. Just depends how you like to trade 'em...

A winning or losing day is defined by whether or not you followed your rules. The P/L numbers are just data points on your equity curve. The goal is to trade well, money follows as a result of that. This of course assumes you have some kind of edge. Only you can decide if your risk:reward...