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Based on experience, I wouldn't be so quick to jump into this sector. It has been pushed to very high valuations. Now that the spotlight is on, there is a good probability that the stocks are going to be leveling at more reasonable PEs.

Good luck. You've picked on the riskiest sector in the market, which is extraordinarily difficult to trade unless you are in the industry with solid connections. Hope you have a day job.

This statement ALONE makes it clear that you don't know what you are doing, despite your two years of backtesting and strategy development. Tigher stops will often provide you with greater losses, not less. There are a hundred lessons like this that you will only learn in a real trading...

That's a very good point.

I'm trying to figure why anyone likes TWS at all. I've moved an account to IB to try them out, but even as a swing trader, I find their JAVA platform sucks. It takes twice as long for me to enter an order as a simple HTML platform. It just seems to run slow, although I have plenty of ram...

Okay. I asked, because Walther has called me - and others - LIARS CHEATS AND FRAUDS because we suggested that he was offering his course to ET members, and taking money for his system recommendations. Your experience seems to be that this is precisely the case, and we were correct in our...

Plop, how did you become aware that there was a course being offered?

My greatest breakthrough came when I fully realized the value of sitting on my hands, doing nothing. Once I gained this discipline, it helped me to stay out of impulse trades based on news events, and to give trades I was in the time they needed to develop into winners. The old wives...

I would sell on the close of the day that my position has gained 4%. My average hold is about 3 days. I don't go for homeruns, although those sometimes occur on overnight gaps. I like constant turnover of my capital in multiple positions.

I bought at the close yesterday. It fits my parameters of a strong pullback from an EMA, good fundamentals, and a good history of gains from these levels.

Posted by ET Member Plop: (BEGIN POST) 09-25-03 11:08 AM Walther gives courses and asks money for it. I have interrupted the course because I have many doubts about his strategy/method. If you follow the full course, you pay $1600. To Walther: Why don't you post your buy or sell...

You can spend two years in a F-16 flight simulator and think you've got all the angles covered. Well, you don't. Once things start to go wrong and the bogies start shooting, you're dead meat without the value of EXPERIENCE. If you are using other people's money to gain that experience...

I have to agree with Macal425. If indeed Walther has been charging fees for his expertise to ET members, then he should post sample trades in real time...or not post information on trades at all. A recent post by an ET member who evidently paid Walther was quite negative on his experience...

I'm sure a lot of people got sucked in this morning looking for the bounce. Very difficult and dangerous to trade news-driven stocks unless they are within the usual parameters of a system. Usually best to exercise a lot of discipline and sit on your hands.

So let me get this straight. You feel less restricted in Russia because almost any rule can be "bent"? Is that your concept of a civilized society, and how to operate in it? If so, then understand that our system is here to protect the average person from people precisely like you, who...

You asked for ideas, and TraderKay just replied with solid advice, which is that what you are seeing is largely a result of the strong bull run we've had. Your reponse is..."Rubbish?" Tell you what. You trade your "breakouts on the news" for a few months, and you won't have money left for...

You are a hell of a one to criticize other's posts. Here are lines from just a few of your recent posts, directed at ET members: To Nihabashi Why are you such a sucker with your continued responses. To Error 404 Get it through your liberal head. To Illuminati Yet you are unable to...

Nothing can tell you with certainty when a trend is about to end. That's why you use stops, or other exit strategies. Technical indicators aren't magic. They aren't a crystal ball. They are simply guides to help you determine the likelyhood of future price action.

I use a 15, because it provides the best returns for my system. But that certainly doesn't mean that it's the best for everyone, or for every stock. But I think it's the best place for any trader to start. It gives a clear picture of recent and historical price action, trend, and deviation...