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I have a question on SWC. How do you go about screening for stocks like that? Earnings news, or just a high low ticker? I still am having a hard time finding the best way to screen for that. As far as how you traded it, were you planning to just scalp it? I'm assuming you are trading...

My first thought is that the SPY and momentum trades might not be the best match. Is the idea that you want to be able to scale up to big size without changing your approach? My take on momentum trades is that you want to ride trends and the SPY just doesn't trend as cleanly as other...

The first few times I meditated I got extremely aroused. What's up with that?

You should try trading naked. It makes it even more awesome.

I'm reading Al Brooks price action book right now and it is horribly written but has some really really good content. It even discusses a concept I learned from AustinP that I hadn't seen anywhere else. I even tried googling it and no one seems to use it. Really good book, would highly...

That thread is nothing but a bunch of dummies bashing every vendor known to the internet, with hardly any firsthand experience.. Your reading comprehension could use a little fine tuning. And yes, the fame is nice. Lol.

Hindsight is obviously 20/20, but wtf are you doing shorting NKE there? If you want to fade it, at least wait for some sort of selling! And then to hold to 90 is just hoping for God to bail you out. You are throwing around too much of your account to be just waiting for it to come back to...

It is interesting to hear about what guys in your office are doing. I was I had traded in an office when I was really into it. If you get the chance, maybe you could post a trade one of those guys made. I would be interested to see what they are doing.

My take on that is what I mentioned in my previous post, find the stock that is really doing something, and then apply your method to it. So there are 2 steps here and they are EQUALLY important: 1. Find a stock you really want to trade. 2. Apply your edge. And to answer your...

Regarding the C trade, I can see your reasoning for an entry. Good job taking a scratch. I just wanted to point out that you might have considered a long when you get that big breakout bar. Potential entries on the 1 minute. From left to right: 1. A double top lower close short signal...

Here is one of my personal favorites. There is a triangle with a breakout to the upside. The breakout fails and continues the down trend. I am a big fan of trading failures of any commonly used entry method. Patterns like this one and candlesticks, (IE a bullish engulfing bar in a downtrend...

Here is another 1 minute entry on the pullback to the 20 period moving average, nodoji style. Uploaded with ImageShack.us You look for the for price to penetrate the MA, and then wait for it to close back below it. You place a short order 1 tic above the high, or a sell stop below...

Here is an example from Friday. RIMM has been kick ass all week so we could be looking at it to trade. Say we decide if the gap fails we will look for short signals. Here is the 5 min short. We want to short below the horizontal line. Uploaded with ImageShack.us I personally...

I'll post an example later. I like really small stops too and this entry allows for that. I recommend that you pick this or whatever specific entry you like, and stick with it for a while. It could be tape reading based, or a pullback, anything really. It is just important that you create...

On the relative strength plays, have you considered waiting for a confirming pattern or breakout on the stock itself? Doing that and then waiting for the first pullback or pause has looked like a promising strategy to me. I personally prefer going to the 1 minute chart to make those entries...

Might as well have a positive thread too. This can include free resources as well. Please only post if you have first hand experience with said vendor. Coiledmarkets.com. Good strategy and philosophy to approach the markets. Solid entry and exit techniques. No outlandish promises...

Maverick thanks for the bits you have posted in this thread. One question: For a trader trying to learn in this current market, would you recommend much emphasis on tape reading? My understanding is that all the algo and hft trading going on has kind of made tape reading obsolete, and the...

Did anything change to make you close the COST trade? It never showed any weakness, except for relative weakness to the SPY. On that note, I haven't found any use trying to play off of stuff like that. It seems easiest and most effective to me to just trade what I see on the instrument I...

I bet Jack Hershey is partying hard after capturing 3x that daily range.

It is kind of fun reading the bitcoin forum as price drops 20%. Such a naive crowd. And lol at them already starting namecoins so they have something else to mine. Give it a month and there will be 30 new "currencies".