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Thank you Barbara. I figure since I keep a trading journal anyway, and since I document a lot of my trades and price action analyses by documenting charts, I may as well post it all here to share with other noobs like me, plus I get the added bonus of a lot of good advice!

If your trading is set up as a business and recognized as such with the IRS, you can't collect unemployment because you're earning income from your own business. But if you're simply treating your trading income as short or long term capital gains, then you should check with your state to...

Jim, thank you for the suggestion. I think that's a good idea, because the opening moves are the strongest and when I miss them, I jump on less-than-ideal signals trying to "get back" what I missed.

Despite taking only 9 of my 16 setups, had I gotten full fills I would've had an additional $200+ in my favor today. I plan to use stops for entries from now on, so I get full fills in the direction of the price movement, instead of trying to jump in after the move is taking off.

It's been made pretty clear in this journal as well as on my P/L thread posts, but in case you're new, the problem is I pick and choose trades from many valid setups, instead of trading every setup. Suppose 10 trades set up in a given day and if all 10 trades were put on as soon as they set...

- $46 Four 100-share fills today left me with a realization that I’ve consolidated in a narrow range on low volume and am due for a break out any day now! EBAY’s daily chart last week poised it for a breakout and it was on my long list. However, all the excitement occurred in...

- $46 Two issues: 1) picking and choosing trades instead of taking all setups (what else is new), 2) four very partial fills! Four 100-share fills today left me with a realization that I’ve consolidated in a narrow range on low volume and am due for a break out any day now! :D After...

Nice call!

Aw man, nothing like a share offering to knock $2 off an anticipated short.

Just as I thought, lawsuits in progress, 15's in progress, next stop...

Bull/bear can be intraday, daily, weekly, monthly, yearly. Pull up a chart in your time frame and if price is riding along a rising 20-period moving average (MA) - bull; riding below a falling 20-period MA - bear. If bull, buy at or near the 20 MA; if bear sell at or near the 20 MA. The...

Steve posted an ES/SPY comparison showing how similar the profits are trading the same setup. I would think if holding overnight, ES is your safest bet because a stop remains active outside regular trading hours. If overseas market action or news caused price to run seriously against you...

I saw GMCR hitting the high ticker again past couple days and gave it another look. I see that within 2 1/2 weeks from my original post price pulled back to 51.65 (pre-split equivalent 77.50), lower than I expected once it broke the post gap trend line. So here it is again at 52-week...

In one context it could mean your account explodes into smithereens. If, during a trade, you suddenly find a plethora of smithereens lying about, please post a clean macro shot of them on this thread and I'll let you know if they are remnants of your account, as I'm a Smithereen Identification...

Selecting a very high % of setups that quickly become winning trades (I'm mainly a day trader) is something I'm very good at, but pulling the trigger on them quickly is something I'm terrible at. Really terrible. I trade about 20%, sometimes less, of the setups I see. I've made a 30% return...

His money management plan seems solid as long as he has 50:50 win:loss or better.

You guys are like Fox News, taking one line out of context :p As you can see from the entire quote, I said I'm good at picking entries and exits scalping IN A RANGE. Anyone who's followed this journal has seen many of my charts demonstrating this uncanny ability of mine. However, it's...

Well it appears they are now trading below their 2005 IPO price and even in 2006 when their earnings were 1.54 (now 1.32 restated) they traded in the 25.00-45.00 range. This is insane. But that doesn't surprise me anymore.

Bob, Nice trading! Hey, check out HURN and let me know when you think it's "on sale". It looked inviting at 20.00, but now it's below 19.00 :eek: :eek: :eek: NoD

The big question is: Where's the low??? It looked enticing at 20.00, but now it's broken down 19.00.