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This is pretty much what I did one day back in my early years and I got my head handed to me. I set my OCO's at predefined limits and let them trigger according to my plan. I figured the market had to at least correct so I could trim down my loss but it didn't. It went higher and higher and...

Correct but a RTM only works when the markets are volatile. When they are quiet this method doesn't work. Knowing when to use what strategy is no easy task but news and environment play a big role. There are just times when you know it's going to be one of those, "close your eyes and buy" days.

Is there a chance you can cite a section of the code that states NOL carry-forward from the trading of securities does not trigger the AMT? If you are unaware of any section of the code that states this then it's time to do some research. Without rolling up my sleeves and logging into RIA...

Amen! I have traded and tested many strategies over the years and every time I add a physical stop to it a winning strategy becomes a losing strategy. Conclusion: The market is random and there is no substitute for experience. I use a disaster stop that is well away from the market...

The secret to trading successfully over the long run is recognizing and being able to adapt quickly to changing market conditions.

To keep up their current lifestyle? More like to keep their house.

If you are unemployed getting an MBA will not get you a job but if you have a job it will definitely help you advance in your career. As one poster mentioned, it helps you deal with people and it helps you improve your communication skills dramatically. Bottom line...if you don't have a job...

"Rub one out" LMAO 10x. Welcome to the wonderful world of trading. What other profession can you rub one out whenever you want to? :D

This isn't a bad question at all. As you go through your day think about the items you are using and ask yourself if you can live without them. There are certain things that are obvious like matches, batteries, ammo, canned goods, and such, but other things like iodine and a hammer and nails...

Forget Eisenhower. It's all Washington's fault. If he hadn't won the damn war. Heck, let's blame France while we're at it. Damn French :mad:

http://www.amazon.com/Trading-Zone-Confidence-Discipline-Attitude/dp/0735201447/ref=sr_1_1?s=books&ie=UTF8&qid=1280542022&sr=1-1

One round trip trade -- $20 One year chart subscription -- $150 A trip to the doctor to get BP tested -- $20 copay The entertainment you get at ET -- priceless! For everything else there's Mastercard.

The banks own the market. Unfortunately, GS is pretty untouchable when they have the power to create deals like this. Absolutely no risk involved here and their profits come directly from the tax payer. What a leach on society. http://www.youtube.com/user/fiercefreeleancer

Yeah, that's a real bummer ain't it? I think I'm gonna go smoke that fat joint I've saving for later :D

Just hook up with Bright or someone. In short order you'll get 10x what you are requesting with higher payouts. If you're as passionate about this as you sound there are many avenues. As a note of interest, at one time I was as passionate about this business as you are. I don't have any...

No, it's the endless supply of "that next trader" that makes his show survive the same way Ameritrade, IB, and other brokers survive. They stay in business by opening that next account. Cramer survives because there is always someone opening that next account.

Cramer's market calls are as bad as Cohen's but then what do you expect from CNBC?

Your time frames are too far apart. Mean reversion strategies work best when you compare close time frames such as the 5's and 1's, for example. In your case you are comparing the 5's and dailies, which leaves too much unexamined data. If you do something like the 5's and 15's or 60's and...

There is nothing wrong with either strategy. In low-volatility environments use trend following. In high-volatility use mean reversion. I learned the weaknesses of each strategy the hard way. Right now you have to use a combination of both because even though volatility is high on the daily...

There's nothing ass backwards about it. It's actually quite straight forward. If a bank has a note on a $500,000 house that was purchased with 10% down and that house falls to its true value of $200,000 we have a $250,000 problem. I know you know all this but now multiply that by another 15...