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LD, your 1., 2. post above reminded me that I'm supposed to test a theory of mine and today I got my sim trading account set up, so tomorrow I'll do it with RIMM because it's a nice high volume stock with decent moves. The theory is that you could take any stock that's not too thinly traded...

Yes, I very much agree with you. I wasn't clear on my ORB modification. Occasionally the pre-market sentiment is up or down (futures up or down from the previous day based on overseas action or news), and the opening 5 minute bar fades the pre-market sentiment, leaving behind a large opening...

Why do you believe you need to find an "original" edge? Try sim trading this very common setup in your time frame and see what happens: Watch a stock or index future approach its last major support or resistance level. If it pivots and leaves behind a lower high (LH) or a higher low (HL)...

Thanks Bos. Since I haven't had a rogue trade or major order error in weeks, I'm quite comfortable trading my regular size again. My only order errors lately have been accidentally clicking LMT when going to put in a STP.

Yes Sir! I've learned to see this, I've done it on occasion with stocks, now need to make it second nature. Hog, I modified the +6/-6 as follows: If the overall market sentiment appears to be in a particular direction as a result of news or a natural pullback in the larger trend, I wait...

Never ever? :p

If buying options, even back month options, you need to not only pick the right direction, you need to time it correctly. I believe stops are still quite important in this situation, so you avoid throwing money away. There's no reason to lose any money beyond the price at which a trade becomes...

It's not so much the monkey that's scaring me, it's the framed picture behind him, with the guy on the horse who took the wrong side of a trade. :eek:

RINO, yeah earnings were fine, maybe it was buy the rumor sell the news? HOG, 20% short interest. :eek:

+ $103 When again today I was hesitant to take my ES short signal @ 997.00, even after confirmation, I realized that trading ES makes me nervous. I’m very relaxed trading stocks. I think it’s because ES is still very new to me compared to trading stocks, where I get to know a particular...

Hi Elit, Your trades look good to me! I'm the wrong person to ask, because I'm hardly trading ES live at this point. Also you're using a 1 min chart and I use a 5-min chart so I'm not used to seeing things in your time frame.

The chart I posted was an intraday chart, but the patterns apply to any time frame. My largest loss this year was the for the same reason. I knew what would happen to a stock price based on the fundamental reason behind its large climb. However, I entered a swing trade too early and instead...

That's because we're traders, not investors (except when our trades go bad, then we're investors) :p

RINO dropped because they reported earnings :D They dropped into the $13's and are now settled in near $14.00. As for CRTP, estimated earnings dates aren't always accurate with these smaller companies.

You are on the right track, dude! Take the opposite side of your intended trades and you can't go wrong! Please call your intended trades in real time for us, so we can all join in this 100% win rate :p Seriously, you should print screen your chart at the time of entry, then compare to a...

I second this motion 100%. The drummer knows what the bass player's up to :D

Yeah, there's immoral in there somewhere... :eek: Dr. John McDougall, whose simple program of eating a whole foods plant-based diet reverses heart disease, adult-onset diabetes, high cholesterol, and high blood pressure within just couple of weeks tells this enlightening story, which...

Yes, exactly. We anticipate the behavior of the crowd and want to go with the crowd. Since the big investors want to invest in strong companies, fundamentals work as long as a change in the environment of strength doesn't occur. For example, auto parts stocks seemed to be growing to the sky...

What makes people want to buy a stock: The belief or fear that the price is too low and will go up (longs buying or shorts covering). What makes people want to sell a stock: The belief or fear that the price is too high and will go down (shorts or longs selling). What drives these...

Mike, thanks for the web site info! I really like this guy, mainly because he trades like I would if I was actually experienced :p I KNOW I'm going to get there! +$44 BNI (84.59), HANS (35.95), and TIF (31.69) were all desired shorts at those offers for the open, but they all dropped...