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Think about it: At what point in a trade do you give yourself money, nip the trade in the bud when it's invalidated by the price action, or realize a big loss? I believe it's possible to close your eyes and hit market orders for entries, and if you've mastered exits, you will be a profitable...

Most likely I won't be posting any trades again until May 12th - vacation time! April sucked (-$7349), and my YTD +$12,845 is 12% under my minimum target, but I replaced my defective parts, so should be back on track next month :cool: The trading should be fantastic while I'm away because...

PNRA's projected earnings for 2009 are nearly 20% above 2008, and 2010 is about 15% above 2009, so you are looking at a fundamentally growing company. As for the short term earnings play, several insiders sold stock recently, so maybe they're going to disappoint, or maybe it's something as...

What would be the benefit of EVER allowing a 40% drawdown on your account?

+ $1799 I awoke and fired up the trading platform to find NVAX pulling back from a 150% gain over Friday’s close. We have positions in several accounts as this was a very long term speculative play. However, I didn’t want to look a gift profit in the mouth (the stock gained over 300% from...

+ $1799 Closed out an old long term play, part of which was in my day trading account. Left money ALL over the table with two of my other trades.

No longer long NVAX :cool:

Nexen, I'm happy to be an ignorant profitable day trader :D Bone, re #4, AMEN!

Tuck yourself in and have someone bring you a nice cup of hot broth and Stephen King's "The Stand". That will keep you occupied while you recover.

I'd like to add another observation regarding use of stochastics to time price pivot points. If you are looking to enter a trade when price reaches an overbought or oversold condition after the first 90 minutes of trading have passed, chances are strong that price will look to test either the...

From my real time chart observations, this actually seems like a fairly low risk entry, shorting just as the fast stochastic approaches the 20 or going long as it approaches the 80. The reason being that the price push at these areas is often the most violent as more people throw in the towel...

I hear you, Leap. I started this thread and the next market day HIG opened gapped up significantly, so I put it on the back burner, but I failed to set an alert for that test of 4.16 support. On 3/9 when the market began to rally on news that the entire financial system was actually not going...

NVAX popped from .81 to 1.93 after hours on Friday. They stand out from the others listed above because their patented technology allows large quantities of vaccines to be developed in a matter of weeks instead of months. Their human trials have been highly successful with no adverse effects...

Hi Hog, I plan to demo trade ES when I get back. You're a mighty crafty one saying "Personally i think her personality as little as i know about it is very conducive to futures trading and is up to the challenge to trade one of the mkts most wicked yet most rewarding instruments out there."...

I only use this indicator as a signal for a possible setup and as an entry/exit guide. When a stock is trading in a range, this indicator is fantastic. I always evaluate other factors. In an up trending stock, for example, an "oversold" condition is a good long entry point for riding the trend...

Neke, happy to see you have a positive week! Keep your sights on the singles, and the home runs will come.

Here's to a kickass week, Bob! Now enjoy your weekend and tell the soccer stud to kick booty like dad :D

+ $118 Day + $704 Week I actually got in some trading today, but still mostly laying low, rousing the better half from his slumber each morning and letting him collect the coin this week. His weekly P/L looks like mine did from January-March; I guess I trained him well :p 11:06 a.m...

+ $118 Day + $704 Week Can't complain considering I traded the entire week about what I used to trade in a day. But it was much-needed break as I prepared for vacation, cooled down from the previous week's losses and got back to a rhythm of taking good setups and setting tight stops on...

Hi Susannah, Yes, I always check short interest for exactly that reason. Now I'm considering long entries on pullbacks with these irrational runner-uppers! It sure has been working on paper. This has been my toughest lesson to learn: There is no high price or low price, just a price based on...