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This is a strategy for traders who have no ability to distinguish strong setups from weak setups, and can't figure out the price at which a trade's chance of short term profitability becomes invalidated. Your expected reward on a trade ideally should be greater than your acceptable risk. A...

They just BEAT earnings and lowered 2009 guidance by about 10%. They have decent cash flow. Priced 85% below last May's high and about 2.00 from the 52-week low, the upside appears to carry more weight than the downside at this price.

I recently switched to a new trading platform, totally different from what I was using. I demo traded for a couple hours one day and decided that was meaningless. It was so easy to trade recklessly knowing nothing was on the line. So I spent a week trading live, making mistakes, stressing out...

Awesome, Neke! You really have everything it takes to keep that kind of return going. Your mental toughness is always an inspiration.

Thanks for you kind words, Bos! I can see how that tactic might work with Fidelity, but the SNDA trade was through IB. Think of Fidelity as a fuzzy warm kitten, slinking around your feet, purring, wanting to make sure you're always there, trading away and forking over those pleasant...

+$715 Day +$1599 Week +$1196 Month +$13826 YTD (23%) APOL up 2.50 pre-market, placed tight stop on open, hit for +$372. Too tight, it went not far below my stop and quickly rebounded to new highs. Trailed stop on DMND as it broke down and became oversold, and also placed a limit. Limit...

+$715 Day +$1599 Week +$1196 Month +$13826 YTD (23%) One small order entry error today (only cost me $20 profit), and one due diligence error today (of course it was the one trade that was 400 shares instead of the 200 I traded all day, and it cost me $400).

Oh no, not sure if I can trade at all today because I can't stop obsessing over the meaning of that number... does he know I played one of my hottest bass solos ever on that gig on on 12/09/01? If so, how does he know? :confused: Does it have something to do with Jeg thinking I was born in...

Hi QT, I attached a 6-month daily chart. You can see TIF trading near 6-month highs and in overbought territory. It's been trading in a predictable range from overbought to oversold and back for nearly a month. Yesterday it left a footprint on this daily chart that was very familiar to me...

+ $614 Had 3 top picks to short on open – ASIA, TIF and URS. I’m supposed to be putting on all my setups, but after shorting TIF, I stuck with it and missed the other two, both superb shorts. Short TIF on open at 28.34, pullback from high. Covered @ 27.78 via a trailing stop: +$165...

+ $614 OK, still 200 share lots, but I was more aggressive in taking my setups.

You had 8 trades??? How did I miss that? All I remember was supporting you with "F/U CEPH!" and "F/U AAPL!" and you didnt' even trade AAPL???

Cutten, how do you recognize that? I look for volume behind the moves, but are there other things to look for?

+ $148 Solid as a rock today, I only wish I'd put on full size instead of still trading 100-200 shares. Short SYNA @ 36.25 overbought failure to make a new high. Covered off pivot from retest of the LOD @ 35.89: +$34 Short SYNA @ 36.61 pullback from overbought, stop above HOD, hit for...

+$148 Still trading 100-200 shares. Second day in a row with no order entry errors. I now have no excuses not to trade my regular position size. However, I do have an irrational fear that as soon as I go back to 500-1000 share positions all my trades will turn on me... Is there a Trader...

Shorted SYNA end of day for a .17 scalp, but didn't put on an overnight because it has something like a 60% short interest and should give a better entry price in the morning. When SYNA falls, it REALLY falls, and I'd like to catch some of that next move. NTAP looks good for retracement...

+ $122 Still trading 100-200 shares. No order entry errors today! Covered overnight BVN short at 27.27, oversold pivot: +$136. Nice gain for just 100 shares. Short GIL @ 16.50, lower high, stop just above HOD. When GIL & SPY became oversold, moved stop to b/e, then covered @ 16.44...

+ $122 I would like to thank Red_Ink for absolutely making my day with his Friday P/L post. I had just stated to my fellow traders on Friday that trading with a DOM was like “Trading for Dummies” and yet I, who long, long ago in galaxy far, far away (age 7) had an IQ good enough to...

Someone recently asked me to post a screen shot of IB's Book Trader, so here it is. I have 3 windows up at once, because 3 seems to be IB's limit and that is probably a good thing considering my level of deftness managing 3 trades at once. You can see right away the importance of...

So YOU'RE the troublemaker doing that!