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A small loss is not the problem, realized or unrealized.

Before all else, erase the words “right” and “wrong” from your belief system. Master “support” and “resistance”. A price cannot be too high or too low. Honor thy stops. “Every big loss was a small loss once.” If in doubt, get out. Once in a trade, place a...

What you're missing is that although I day trade, I also swing trade. I plan a swing trade in advance. When I entered STEC and URS on Thursday, I planned to hold them overnight. In fact, that's why URS was traded in my Etrade account; I didn't want to tie up capital in my active day trading...

I planned to go long in the mid 80's and ride with the herd, but it never made it. Hit new highs again. Some talking head put them on Monday's long list, saying they're going to $100. Reminds me of when POT hit $242 and an analyst firm raised their target price to $325. That was beginning of the...

I'm still in my first year trading, made some really dumb mistakes, never dipped into my day trading margin, and have averaged $750 a week this year on a $60K account. Nobody here can tell you enough times the value of managing your money. Josh Lukeman's book "The Market Maker's Edge" has...

I never did that before until now. Quickly plucked a pesky weed from this thread. Thanks! Neke, previously you could say you were in a "slump". But up 30K one week, down 15K the next is no longer defined as a slump; it's a natural pullback in an uptrend :cool:

Maralek, other the the overnight positions, I basically scalped these stocks to the short side from overbought to oversold when they were in a range midday. All I used was the stochastics from overbought to oversold as my entry and exit signals. Stochastics are fantastic when a stock is...

I often put on a trade at the end of the day for the expected move the next morning. URS (my other overnighter) made a move of $2.00 off the open (unfortunately my position size was smaller than I was using earlier this year and also I trailed my exit order too closely and left quite a bit...

P.S. I feel so much safer now knowing the NYSE cares deeply about unusual activity. :D

All that shows on my Etrade news is these headlines, no further info at all. I'm sure it's about the volume, almost 3 million shares compared the usual 800K or so. However, RTI is in the titanium business mainly used in aerospace and the aerospace stocks were killing it yesterday. Also RTI...

News on RTI: 4:48 p.m. - NYSE contacts RTI Intl Over Unusual Market Activity 4:48 p.m. - NYSE: RTI Intl Won't Comment On Unusual Market Activity What's so unusual about their activity???

-$108 Day +$1496 Week/Month Saw STEC gap up in premarket for no reason and wondered if there were some kind of buyout rumors. I put in a disaster stop just in case, eventually hit for -$590. Good thing too because it continued way past my stop. I can’t believe the one position I actually...

-$108 Day +$1496 Week Serious damage done by one mismanaged trade, but I almost made it back to green :cool:

I have a short attention span and stocks tend to fall faster than they rise, so I look for hard run ups and short them for the profit taking that follows. However, I occasionally go long on pivot lows, such as my APOL trade last week. I really need to work on trading both sides, that would...

I look for stocks hitting the high/low ticker hard. These tend to exhaust and pullback (highs) or bounce (lows) quickly.

You must be new here if you think I was serious :p The only time I'd be all in is if I could travel back in time and buy GS in the 47.00's.

You're welcome, and absolutely ask any time. It gets me off my lazy butt and makes me post a chart, which I can then reference later when I lose my mind and forget what's been working for me :p

I'm charged .005 per share. Etrade charges me 5.00 each way. So with IB I can scale into a 600 share position 200 shares at a time for 1.00 each lot or 3.00. To do that with Etrade I would pay 15.00. Then another 15.00 to scale out the same way. So with IB 6.00 total commish; with Etrade 30.00...

OK, that settles it, as soon as moves down to the mid-80's I'm all in!

GMCR had a nice gap last month and a great run up and, today, with yet another run to new highs, all this roasted coffee started making me jittery. I understand with a 30%+ short interest (and probably a lot more short interest since it hit the 80's), a heck of a lot of shorts are getting...