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That was well put. Trading is no different from any business venture in that ideas are a dime a dozen. It is execution that counts, because day-to-day execution is what cuts the diamonds from the crap. If you have an idea but have no realtime execution - whether you are selling a trading...

IMHO, a big negative is a max drawdown of 37%. Really, who is going to want to continue to fund an unproven program and unproven trader if the account is underwater by anything approaching that figure?

You should check out Investor RT at www.linnsoft.com. No programming, easy to create and quickly run backtests and systems development. Great support.

Options will not help you in this scenario. You are better off trading the underlying. With long calls, you will find that the decay and spreads will kill your gain in the timeframe you are dealing with. Short puts, forget it. Covered calls will cap your gains and create a number of...

Gracias. I've made most of the mistakes that a trader can make over the years, and I simply try to keep people out of the snake pits.

From your posts it seems that more than your stops are random. Your entire trading approach is random, and so long as it is you won't get ahead. You need to systematize your approach, and for that you will need backtesting capabilities and time-in-the-markets. Undoubedtly there are...

Trader/investors have been expecting more solid earnings predictions from the telecom equipment suppliers. LU didn't provide it. They're still waffling on future earnings this year. LU, NT, etc. are long term bets.

Wondering if it is possible to fairly easily switch between a dialup and a broadband internet connection with Windows XP (Home Edition). I'm having some problems with a new cable provider and may need to use a dialup for data for the time being, but still want to use cable for general...

Thanks. I'm more interested in reliability than speed. Have you had downtime problems with Cox? I seem to have quite a few brief disruptions during the day.

I've recently moved, and signed with Cox cable for internet. Not happy with the reliability. Has anyone used QWEST DSL? Any problems?

You've received some good advice here to not sell naked - either puts or calls. Listen to the advice, and you will save yourself a lot of grief. You should also say thanks to those who took the time to share their experience, as painful as I am sure some of it was. They have done you a favor.

I've found over the years that there are more upside surprises than downside. One key is staying diversified and carrying a number of positions whenever possible. You can't simply take a daytrader's mentality of carring a heavy position in a single stock and moving it to a longer timeframe...

In Excel, simply create a column listing the gains/losses of each trade. Next to that column, create another column that uses those gains/losses to sum a running total. (You are just adding each gain/loss to the cell before it.) Then use the Excel charting function to access that column of...

Add to the list Investor RT (www.linnsoft.com). Beats the others hands down for backtesting. Much faster and easier to use.

Nice place to visit, but like most people you would probably tire of it very quickly. Other than Key West, there is nothing else in the keys other than a few hotels and scruffy strip malls for the most part. It is basically just a highway with a few hundred feet of sand on each side. Key...

If you know what you are doing - which presupposes that you understand what and why you are trading - then you will know why you have had a series of losses and don't need to follow some lame rule. And if you don't know what you are doing and need to follow lame rules, then you shouldn't be...

It is highly unlikely that any packaged software or trading seminar is going to profit you in and of itself. Life is not that simple, despite what trading promoters would like you to think. If it was, they would be trading, not running lectures! Trading can be a rewarding, profitable...

Yep. I posted an "Exteme RSI" system back in WealthLabs beginnings, and it was one of their top systems. Then it was duplicated, replicated and ripped off. Nobody bothered to even say "thanks"...including WealthLab's owner and developer...so that was my last work with WealthLab. What a...

Let's assume that you are a good swing trader, doing 75% plus win/loss ratio. At 1,000 shares per trade, your average trade is going to require about 40K in capital. In a normal market environment, you will be able to carry 12-15 trades, which is a decent level of diversification. At other...

Yes, unbelievable the insider trading. The futures took off two minutes before the public announcement. The public be damned.