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There are signals that are very strong, and you should choose the ones you like (support/resistance, stochastics, trend lines, moving averages, whatever you come to like best) and commit them to memory, especially how they look as they're setting up in real time. Seeing and analyzing a chart...

Been there. You have one or both of the following problems: 1. Poor memory for patterns and what they indicate 2. Poor risk management Check out my journal for a detailed account of my losses and gradual recovery to trading for a living...

Premium on SGP buyout is 23.00, so "overextended" may not apply the way it does on more fleeting news rallies. URS - if you can stomach the draw down of a test of resistance, then short it now. But that's a big old cup and handle, so test of resistance is likely.

Paul, yes it went up to 36.96, but with only 500 shares, it was not a large drawdown. And, yes, fading a strong move (counter trend trading) is no doubt risky and I just read yesterday in Alan Farley's book that traders should not try this at home until they have a lot of experience with more...

GCR, you need to be averaging a profit, even if small. Can you post a chart with some entries and exits that we TA people can analyze into oblivion for you? :p

Unless Stock_Trad3r shorts GOOG. Then all shorts are screwed.

I agree with this. What happened today is a bit of good news (Citi's not dead yet) combined with real bargains from the recent selloff invited bargain hunters (RIMM in the 30's! AAPL in the 80's! GE in the single digits! and so on) to grab some positions, leading shorts to cover, leading a few...

saico, HANS moved forward to test and break through recent highs yesterday on (I believe) news of some new drink geared toward women. Being a woman who would never fall for that crap, I naturally wanted to short the stock. :D OK, seriously: HANS is very overbought on the daily chart, and has...

+ $450 Short HANS @ 36.40 on open. I was extremely patient in this trade, and covered @ 36.07 oversold near the round number for a $165 gain. Turned out to be .02 cents from the bottom of the move. Although I regret not adding to this position on the morning run up, the exit on this trade...

+ $450 Kicked some cans of HANS today with great precision (my soccer skills at work). Holding ORLY @ average price of 33.21. That ORLY was strong today! Hermit, it's an unrealized loss, but it's still a loss! Are you happy now :D :D :D

I dedicate this attachment to Nirav :p

That is a worthy challenge that I've contemplated for the past 2 days since I finished the book. If I get to 6, promise to manage 10, which will compel me to go straight to 20. You are my brother from another mother. I am STILL laughing at this one, Rashid :p My offering is ready! (Or...

PowerEtradePro. They don't call it TradeIdeas, but it's TradeIdeas. I found using it to be too distracting. I prefer to just have a basket of stocks to watch and wait for the setups.

Paul, I have TradeIdeas on my platform, but I never use it. I imagine I should, but what I do is I look for stocks trading near 52-week highs, or that are testing major resistance on a run up from news and I short them. So I get a lot of signals from the hi/lo ticker, and from some web sites...

Redneck, thank you! And I'm going to take your advice. LoveTrading, I definitely feel more daring once I have a profit under my belt (for example today shorting HANS while it exhibited none of my short signals). Hermit, I just read this while eating strawberries and laughed so hard I...

$532 Still paper trading GS very successfully. When I actually trade it, if I lose money, I will look for a new job :D

+ $532 Very relaxed trading today. I'm still studying GS like crazy, you wouldn't believe the paper money I made on it today :p Short BKE @ 24.15 on open overbought, pullback from 24.20 high. Covered @ 23.51 on a pivot off 23.35 for a $318 gain. Never traded this one, so exited...

Thanks, Hog, Austin and Elit, all very helpful. Elit I understand what you are saying, as I'm in that state when using L2 to manage an exit, but I need to be that focused when waiting for setups and acting on them.

What guides a trader to the next level? Someone once posted a sample of Szeven’s trades when he started out, (very small consistent profits), then jumped ahead a couple years to his post of attaining a major benchmark of $1 million on the year. The poster was pointing out that Szeven didn’t...

QT, feel free to PM me with all the questions you want. It's nice and warm in Tucson, but sadly the beach is a bit of a drive :p