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A lot of newbies start journals trading 100 shares and think that if they make $100 for the week.. its only a matter of increasing their position size and they will make more $. In the case of futures and very liquid issues.. this is probably true... but when you are daytrading stocks that...

I agree.. but the stock has to be very liquid like a MSFT, KLAC... some of the stocks he has traded in this journal are not what u are talking about. Also.. another factor to consider is that when you move bigger size.. your breakeven trades will start costing much more. Commisions start to...

You keep on excluding costs of commisions. Please give us a more realistic earnings. Gross figures is not how much $ you really made.

I agree.. all I am saying is that when you starts to really trade to make a living.. his risk to reward profile will change. So taking those stats he has now which is based on 100 share lots is not a realistic assesment. --MIKE

I am not trying to bash you. But making $50 for the week gross is not remotely close to making a living. In reality you will have to up your size to atleast a few houndred shares to make a decent living. Once you do that slippage and commisions start increasing. My point is... its not easy...

WHats more desiring ... Moving averages? stochs? macd? And all the other bullshit that never makes any $. To me its all about the price action. On the 60min chart the QQQ is forming a rising wedge and is tightening up. I am anticitaping a breakdown of atleast $1 point. --MIKE

$1 point on the QQQ is a %3 move. That isnt a scalp. And $1 is my min. target. --MIKE

lol... I am talking about the QQQ..

Do you honestly think you can make a living with those kinds of small profits? When you start putting in some real size into the market like 500+ shares the slippage will get worse and your profits will come down. If you are trading 100 shares everything is still easy. Trying to put 1000...

How about Bubba & Mr. Market vs Nitro & Damir... Some tag team action.

If we do break down out of the pattern shown in the chart above.. I will add my final leg of the position.. I am looking to short around 3000 shares total. The reason I am using QQQ.. is because of its scalabality as oposed to NQ. --MIKE

chart

Here is why I am shorting the QQQ. Check out the chart attached to the post. You can see the market is tightening up. I am betting we will break down and be good for atleast a $1 pullback on the QQQ. Right now I am short a few thousand shares and continue to add to my position. This trade...

What he represented and did is purely based on hatred and insanity. Maybe he won the election because of the poor economic conditions.. but the rest was outside of morality. I see economic conditions only a small factor... the main issues being hatred and insanity. --MIKE

That is ridiculous. Are you going to tell me that a man named Hitler and his Nazi friends butchered millions of innocent people all because they were in a shitty economic condition. Yes, Germany's economy was doing poorly mainly because of their losses in WWI ... the whole economic...

Thats the trigger that lead the US into war... but not the reason the war started. Open a histtory book and you will find out the war started way before pearl harbor. Rabid you are sad. --MIKE

WWII was not ultimately based on money. It was based on saving the world from a sick leader named Hitler. Everything somehow is related to money. But from the mindset of a soldier or general when they go into battle I dont think they are thinking about money. --MIKE

Yes they do.. but their underlying objectives and goals are completely different. If it were in the context of a poem then you can make the case.. but some idiots have written books soley comparing trading to war. --MIKE

Comparing war to trading is a ploy used to grease up the prop firms and online trading commissions. Its trying to make your average losing trader into some sort of "Rambo take no prisoners." War and trading are totally different. Ask a real general.. he will piss in your face. In real war...

Do you hold positions overnight? Do you enter and exit positions all through out the day? --MIKE