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If the shorting terrorists dump a price down so far it is undervalued, the banks should just come in and buy all the stock at such a ridiculous bargain. Oh wait...the banks don't have any money. So why don't all the smart rich people with the money come in and buy the bank stock dirt...

my conclusion from reading the AHG thread is that he trades mainly pullbacks, and then trades some pattern breaks IE support resistance. Pullbacks and support/resistance are an awesome way to trade, why would it matter to you what he calls in real time?

Its a good time to be poor. No worries here!

Yeah don't let it get you down. I lost about 40k total over about a 4 year period before I started making money, stopped losing once I got humble and went to 100 shares. Trade small enough that you can make a ton of trades and stay in the game. You only learn by getting in there and doing it...

Well I don't take pleasure in people getting hurt most of the time, but this was pretty funny given OP's attitude. Having said that, sorry OP if you are for real I hope you get it back soon. I personally am sitting out trading today after a tiny profit. Too much volatility with too little...

Next time...get with a prop firm, trade 100 shares max until you show consistant profits. Set yourself a daily stoploss of 1% of your account.

It sounds like a bad deal. If you can come up with 5k you can get with a standard firm and get 10:1 or greater with cheaper commission and 100% payout. Need a 7 of course. Or you could try and go the swift/keystone approach and get .0002 with 30-50% payout. If 1k at a time is all you can...

I prefer to trade the same setup in a large number of products, so I can just do the same thing over and over again with consistancy.

The problem is the ES is one of the most heavily arbed products in the world. So everytime it moves a tic there are programs fading it. If you are looking to scalp such a product you need to be more flexible in your stops. Or you could trade a product more suited to tight stop losses...

Here is my meager blotter, just so that I am allowed to post here and ask this question: EricP and PatrickQ are you guys doing pairs type trading? Sick numbers, congrats!

ha, ok, lets say you had 1 paragraph to explain how you make 1 of your standard entries. Could you do that in a clear and concise manner?

They teach us at my firm to simply use level 2 to judge the current market conditions and decide what sort of trade we should be making; IE scalp or hold for a bigger move. Also I use it to try and enter a stock right when most of the liquidity is drying up and it looks like it is ready to...

wtf kind of a thing to say is this? I bet you can't find a single professional trader that can't summarize his trading plan in 2 sentences or less.

if you can't understand a plan, and no one can summarize it, even its supporters, what do you think the chances are of executing the plan succesfully? That should tell you everything you need to know.

Look for stocks that have broken out of yesterdays range, keep trending. KISS.

hey very cool journal. You have inspired me to get excel set up and try and start adding some pairs daytrades during the day. Keep up the good work!

wow awesome support, thanks! Thanks other posters as well, I really appreciate it.

I'm pretty clueless. Can someone tell me how set up an excel stock database that reads data from iqfeed?

lol after i put him on ignore half the threads dissapeared from the front page. What a retard...

only firms i know of that offer training are bright and keystone. Bright is like 25k deposit plus training fee, keystone is 4k. Maybe others can chime in here with firms that offer training. IMO this stuff really should be a sticky a the top of the forum to save space and trouble for...