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In short, yes, he should be able to generate a good income from a 250K account with a good swing strategy. If that has been working for him, there is no reason for him to assume that daytrading is going to add to his gains, and no reason for him to rush into it. Personally, I would continue to...

No, you still haven't got it. You don't react AFTER, you react WHILE it's happening. Which is why trying to base trading on predictions of future market activity is foolish. Most of the time you will be wrong, and while you are trying to polish your crystal ball, profitable trades are...

So I take it then that you have only recently...possibly in the last year....been trading "great"? Unless you have at least a three year record of "greatness", I wouldn't give you a dime, and you need to realize that others will not likely support you either. Your success could well be the...

An experienced trader would not "expect" anything in particular, as setting up for expectations typically is a waste of time.

You must amend your returns. You can't voluntarily skip years and apply the loss at a later time. Once the returns are amended, if there is still a carryover, of course you can then take it.

As GMS pointed out, an MA crossover is only the starting point. The only thing crossing MAs tell you is that price is moving. And you don't need a fancy-ass MA crossover system to tell you that.

How about never. It is unlikely, IMO, that you will ever make money from an MA crossover system.

So what? This isn't necessarily a prelude to a correction. The market can just as easily run flat for a few weeks and reset the MAs. You can add this to all the ET posts over the past 90 days with theories of an impending correction. A humerous collection building up. Have you all not...

I agree. I have often felt that those who serve califlower and brocolli should be jailed. And anyone pushing brussel sprouts should get the chair.

Ah, if only it was that easy. But it isn't.

Completely incorrect. There are many more significant mistakes, including putting even a dime into the market until one at least has a rudimentary sense of price movement and the basic components of trading strategies. And this understanding can be improved, at no expense or risk of capital...

Lemme give you a lesson. 25 years ago...yep that's right...I told my father to buy Cox Cable, when cable was in its infancy. I was just starting in the television production business and I'd made nice gains on one of my first stock trades. Naturally, he waited too long, bought in at a short...

They managed to really screw up what used to be a great service. I was one of their original subscribers a few years ago, and the site was clear, concise and easy to use. They obviously need to fire their web designer and get back to something that works. Recently spent 20 minutes on the...

That's ridiculous. Most indicators are simply an expression of price, time and/or volume, and when properly applied can be valuable in any trading decision. The mistake that new traders make is they think the movement or position of a single indicator can signal buy or sell, which is NOT how...

NT is a real tough call right now, IMO. I made a lucky call and this one trade has paid for my month, but the question is whether to fold with the profits or hold for the longer run. As the great majority of my trades are short term pullbacks, I always like to have a few in my account that I...

What you are going through is not at all unusual, and it's part of the process of learning to trade. For most people, learing to trade is, unfortunately, a process of elimination. You usually need to find out what doesn't work, before you finally hit on what does work. It's all about...

I am happy for you and your NOK profit. But nobody should ever get (or, IMO give) the impression that options are a path to success. Whether short or long, they're a very dangerous road for anyone without considerable success in trading, and a very strong stomach for losses. Just as in the...

The sword cuts both ways. And with options it can be a very sharp sword. They are appropriate only for traders who have proven to be very successful in trading the underlying, and even then the deck is stacked against you with time decay and spreads.

You don't get it. Betting on the game you're playing - or in his case COACHING - is the same as insider trading. Even worse, because a player or coach can impact the outcome of the game itself if they choose to do so. No way he should ever gain the honors of the hall of fame. He...

The answer to your question all depends on why the stock hasn't performed as I expected. If the news is truly damaging to the company's fundamentals, then I will often exit and move on. But if there is a sudden move based on news or analyst B.S. that isn't long-term damaging, I will often...