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    Building a day trading system

    I recommend not using moving averages. They almost always lag the move. What good is it if you aren't in at the bottom of the move? Then you're just chasing.... That's the definition of bad. I think you'll be much better off just fading the inordinately large moves in both directions. If you...
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    Choppy markets today - getting whipsawed to death ... :-(

    This has been my second best week ever. I don't know, when you're over 100% long and the market rips for 1k+ pts, it's hard to loose. From friday's open last week, (ask the guys in my room, I loaded 5 digit size on many large caps on the open, ,ge,mu,aol) to the close today, I cleared 40k. It...
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    long or short

    I play contratrend bounces. Since the market has been in a solid downtrend, I've traded almost only to the long side. I've made 2 shorts all month I think. One was a qqq scalp, and the other was shorting like 10k of invn at 10 avg on the day of the gap up. I've not been having much success...
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    beer and buy and hold

    tharp, i crack up every time they run that on cnbc..... Hey andrasnm.... If I bought 1k worth of natty light, that's 22 kegs, I get 220 back when I go for my keg rebate.... You're investing in the wrong beers man....
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    Money from others...

    My account is all from my father. We basically split it 50/50 after taxes. We have yet to take any profits out however. He doesn't need any money immediately, and neither do I except for stuff like no hardware/software. In that case the money just comes from the account.
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    Buying opening print-pre-mkt

    I usually short the opening print, I think that's the way to go.
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    What do we buy when this ends....

    I can't believe these futs. I'm all in cash, and I want to put money to work, mainly in limited risk plays, so options are the way to go. What do you think we should buy. I want large caps, but almost everything I look at seems to have one problem or another. It's all damaged goods. I'm kinda...
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    Fighting the unwinable fight.....?

    Well...... I got up to look at futs..... dow now off over 400..... It's an hour to open, and I have no ideas... Thank god I have no opens today.... I think we are getting to a point where owning stocks has become unfavorable, even unwanted. I know we are within a week of a good tradable bottom...
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    Fighting the unwinable fight.....?

    Well.... I sure got the sh*t pounded out of me today. I guess I was playing a bit too cute and expecting that the rally would continue at least into the open. Wow. Today was a rough one. I guess, we will have to stop dropping at zero... Markets dont' go negative... do they? I'm about flat on...
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    i've tried everything and nothing works

    Wow Deeman, I am in awe. This answers tons of questions of mine. This is most likely the best post I've ever read on these boards. I truely appreciate it, and welcome to our home here. Please feel free to share any other floor behavior that you know of. Anything would be useful.
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    Fighting the unwinable fight.....?

    God, this is just unreal. You'd think that a monster rally could carry over at least til the next morning. I was hoping for a gap up to sell the rest of my inventory. Luckilly, I sold most on the close yesterday. Does anyone get the feel that there's one monster seller (japanese?) who just won't...
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    i've tried everything and nothing works

    Ehh. If you know when to buy, the spread isn't that bad... I don't mind paying up 30c or so, and usually end up having to cause I want at least 3-5k. Look for the seller and snet him.
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    i've tried everything and nothing works

    The only nas stocks I ever trade are teh ones that trade under say 800k. I prefer those around 300-500k. I can just read things much better. I really am poor at nasdaq trading, and prefer the slower speed, and teh ability to play my own games with the mm's. The more liquidity, the more jumpy it is.
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    i've tried everything and nothing works

    Deeman- Wow!! I really am incredibly interested in the strategies you used to move that type of size in such thin issues. I trade semi liquid stocks. 200-600k nyse names usually, and I am always trying to get in the mind of the guy who's trying to move a million shares. Generally, I'm moving...
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    i've tried everything and nothing works

    If you must play momentum, look to those stocks that are truely strong. Pep made a new high yesterday. I tried to buy some calls on the pullback today, and wasn't hit on the bid. Momentum still works, you just need to find where the money is going. That stock that you liked, looks like it's in...
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    What's the reason for Qwest (Q) 's recent strength?

    I heard that the weakness in the past month was the result of either sbc or vz selling their pretty substantial stake. As you can see, there was a monste block a few days ago, and I think that market a good bottom. Also, janus has stopped selling that to meet redemptions, but is selling aol...
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    Please help newbies- How to trade w. indicastors

    I'm not sure if I claimed that the dow would end up green. I said that I had it from very good sources that that was the case. These people are people who I've watched trade before, and they have info and order flow from some of the biggest players in the world. Don't forget that the governemt...
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    Please help newbies- How to trade w. indicastors

    Indicators all suck..... They all lag.... As my trading has progressed, I think I'm like 90% gut feel now, maybe 10% indicator...... By indicator, I mainly use short term moving averages (gut can tell you if it will bounce though) and I use the bol bands occasionally and the sp futs. Just get a...
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    QQQ: Fast executions?

    just use island.
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    longer term shopping list....

    Full disclosure, up 200%.... I'm shorting those names now... that's the problem with illiquids....
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