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Yes different systems work in different markets. It is one of the reasons my father won't get into entry much as whatever works today won't work tomorrow. (yet that is what every trader is doing) Breakout's were great till the end of 99. I had some incredible years buying stocks...

Nic can I add something?? Maybe a trader only hits his winning trades 20% of the time but when he ends of being right he makes 30 times what he risked?? The above system sounds like a position trading breakout system during periods of trending markets. Lots of false breakouts but...

Voodoo there are quite a Few different ways of determining your risk with stops, but to have a constant 2% of price is very limiting. Sometimes it's better to use support and resistance. Other times a closing price, opening price, a fib #, a round #, a moving average. there are...

Profit targets for price, for daily gain, and for the week. They keep me sane. I daytrade off of daily bars entries so if no setups I won't trade for the day. I then peel off positions since I trade countertrend and as the position moves further away from my entry price the more...

Hitman There were also guys at my firm having $100,000 , $50,000 days easily. Meanwhile I looked at my system and my trades and couldn't figure it out a strategy that could easily work out I actually had a gameplan to buy the bounce after the first or 2nd day as over 80% of the time...

The system you posted will work but only in a trending market. In a sideways market you will be whipsawwed to death Actually the opening price is one of my key entries. I tend to go long stocks that have been heavily beaten up. They have usually dropped hard from a base and...

Hitman you also have my vote for an October Journal if you wish to continue. Other traders can learn by how watching your mentality. I do agree with Sniper trader and some of the others. I tend to run very similiar scans for my overbought/oversold indicators and do really well with them...

Natty Light?? Yech Budweiser isn't that great either. I think I'll stick to the microbrews I can get around here D-- The price is figured into the beer yes but what about commissions for the stock? Beer is catching up again.... rtharp

I voted and I'm more than 50+ but not sure if that is accurate as I tend to scale into /out of all my positions as I don't have ticket charges and trade anti trend. When I trade anti trend --I have the greatest potential for reward when I first enter a trade and must enter with a huge...

Kevin I need to address you again. There is a pattern here and you have told us about it. It has happened over and over and deep down inside you formed a belief that has caused this pattern to reoccur. You need to figure out what is causing this pattern to show up. It...

It's called a negative expectancy system. Very small winners about 80% of the time. 10% of the time some much bigger losers. 5% bigger than you can imagine. and another 5% reallly, REALLY huge losers. imagine bad news hits the stock so it drops to half it's value...

A friend of mine John makes his living Daytrading. He decided to prove to everyone just had bad that simulator is and made 10 million in a day on his acccount. (with the simulator) Try to top that one. His real life account is no where close to that performance. rtharp

NASDAQ PAIRS don't have much arbitrage going on. They can really get out of line. Due to our economy we have very few mergers so not many options. rtharp

Kevmeister There is an issue of self sabatoge in your trading> You were lucky today MON but you need to figure out where it is coming from. Why do you break all your rules? Why did you overrun your system? Why did you allow your risk to get well out of hand. THe first thing to do is...

Actually it's more take a look at the site. Plus clearing + software and a steep monthly fee. rtharp

One thing I must mention. The article attacks proprietary firms, which is where you trade for the firm. Professional firms are slightly different where you trade for yourself. rtharp

Where's Pretorian2? This post is his since he is the heavy drinker on the board. LOL Thanks, helps put things into perspective. rtharp

I need to correct the information provided. Echo has an interest in establishing an office in the Seattle area but one isn't there currently. Contact them as they are looking for more traders first before the office is opened as they prefer to open offices with at least 5 traders having an...

For some reason your link VVV isn't working right now. NOt sure if website down or not. I'll try it in a few hours though. The quote I'm talking about is near the end of the article in the highlighted section. Maybe he was referring to ETG. They were being slammed here on the...

To review that article........ They talk about a firm that charges $25,000 a month in expenses? From margin interest, desk fee's, training, trading expenses?, and than takes 20% of your gains? Which firm is the article writer talking about? Hitman has summarized that WorldCO...