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Don I'm sure you have read some of my father's research on systems. I tend to agree with him. There are profitable systems being sold but the problem is they don't fit the trader who would be trading them. A lot of the systems sold were negative expectancy. They had a high probability...

$500 with a return of 100% a year. (just a small % do this) means you made $500 for the year. Minimum wage is a lot more than that. Robert tharp

They have a penny stock that was rejected to be listed on the NASDAQ or NYSE big boards. It was trading around .08 a year ago not sure where it is now. I do know his selling calls/puts strategies produced a -$800,000 trading loss for his company. All of their income came from...

Hi There is a trader from Canada who will be joining me here in the Phoenix office next month, In Jan a trader from Sweden will be joining us here in the local office. It can be done. I'm not clear on the conditions I would recommend calling Gabrielle and asking her...

Hi Punter The capital contribution minimum is $10,000 but they will then restrict you on the amount of margin. The amount of leverage they allow depends your strategies/ experience. You can recieve payouts on your gains twice a month Losses and gains are 100% yours. There is a...

Nice Post Gene and Protrader. One thing I tell someone who wants to be in this business is that they must WANT it. They need to think long term. Trading is a learning process. A traders needs to be able to survive the bad times to be around for the great times. Robert Tharp

Don, Many apologies if I had wrong information, the last thing I ever want to do is not relay the most up to date information about firms. I have my own internet message board site as well, and I get a lot of emails everyday saying different things about a lot of different firms, so some of...

My old clearing firm Laurence Bonofitto had this guy at our desk calling prices all morning on the phone for the 30-Year Bond. It was mainly for the London Traders. I don't know if the calling they do is on the net. If it helps their clearing # is 454. Robert Tharp

Don My references came from the magazines I can't remember but it was either Active Trader or Stocks and Commodities. I would get those corrected before I'd worry about here. Not something I made up. I never saw a correction printed in the magazine (I'm now in Phoenix instead...

I think it's well known I am with a competing firm. It is fine with me if Bright is sponsoring the forum. Baron needs to be paid for his time on this website. It is the sponsors that keep it running. The forum seems to be very open. I would have a problem if they started erasing...

In the book How to Make Money in Stocks by William Oneil he talked about HIGH tight flags that rarely occur but usually work about 80% of the time Robert Tharp

well actually it is possible without that. Run searches on this message board for bullets/conversions to learn how. Robert

Someone asked me if it gaps than what would I do. I'd wait and watch a 15 minute bar. If it can break the high print than I'd go long with a VERY tight stop. No entry yet --but have to admit I'm not watching it too closely. Rtharp

as a short term play I'm waiting for it. IT MUST GO ABOVE PREVIOUS CLOSING PRICE TO GET LONG. Don't hold overnight. Rtharp

Quite a few stocks on the NYSE move a lot more than .25 Played around with IBM lately??? It sounds as if the NYSE book viewing will be useless Robert Tharp

That is correct Robert Tharp

I would agree with the majority of the comments above. One thing to do is think long term. If you wish to become a professional trader, don't think 2 months or 6 months. Think a few years. Trading can provide a very nice income but to get to that level of experience takes years...

I had mentioned earlier I HAVE TO DIG MYSELF OUT OF THIS HOLE attitude is extremely dangerous. Take high probability setups when they come and keep your risk in line. Are you trading to be right or make money. Whenever I up my risk more than I normally do I usually will take a...

just to add to this. run searches for Great New Pattern on elitetrader. There are 2 long threads that go into detail of what he does. Robert Tharp

One thing to realize is DON is referring to NYSE + orders as limits compared to SuperDOT orders. NYSE+ or NX(as Don is referring to it as) is limited to 1099 shares and is instant. Retail traders though can't normally hit bids during a falling market though without bullets. Rtharp