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Thank you very much. My long position sounds much better if it was flat, LOL. That was extremely helpful !

Unfortunately, as of the last few years you are correct. They have been making an attempt to rid themselves of unprofitable business ventures. Whether that makes a significant difference in their bottom line in the future is anybody's guess. I like my entry point of $15.50ish and don't really...

GE General Electric: This stock has been a pain in the a$$ for my long term portfolio in the last few years ! I bought in the mid $15's in 2010, rode it all the way up to 21 or so, and allllll the way back down to 14, and now its back to 19. Just bought some March 20 puts to hedge my...

I'm short around the same area with a 4 point stop although I won't be holding overnight.

And all of us at ET are so surprised at this result ! lol. Surprise surprise, drawing lines on charts will not help in predicting where the market will go.

How big of a futures account are you looking for ? A $20k account already gets you some crazy leverage with futures.

Yes

you dont need to join a prop firm if you are trading futures. They provide plenty of leverage already.

Every single time this market attempts to sell off, you have buyers stepping in and pushing the market back up. Every time we've been threatened with a 1% down day, we rally back. In addition, bull markets are classic for tricking newbie traders like yourself into thinking the market is...

First you need to understand that out of 100 people that attempt this profession with similar goals and motivations as you, only 5 end up making it. 95 of those fail. if you are willing to accept those odds, and are willing to lose your life savings, then go for it. if you fail, you will...

I remember when Hoffman first got big in the trading world. He was really sneaky. He started off with these youtube videos in reference to the ES. They weren't half bad. He'd bad mouth other gurus and say how worthless they are. He did that for a year or so, then created a website and a...

The whole reason people are angry with you is b/c you are calling tops. Nobody likes a top caller on ET as most of us are daytraders. We don't care which way the market moves as long as it moves. We don't predict we react. Therefore, as you try to predict more and more tops and bottoms...

no way BAC gets to the $2 level. But in case it does, I'll surely load up ! I've been long BAC at $5.12 for a while now. unfortunately, I've only got a few hundred shares b/c I thought the stock was going in the $4's, so I was going to average down. Now I'm waiting for a dip in the $6's to...

market is definitely not conflicted. its quite clear we are in a bull trend up ! That being said, taking profits at these levels isn't a bad idea. I just moved my 401k to cash today. At the very least, I'd like to see a 2% move down from the 1320ish area. I'd be surprised if I see...

barely anyone on ET is profitable, and those that are don't post stats. After being around ET for years, I know you will not get any more reasonable posts

I averaged just shy of 50 points / month trading ES in 2011. In 2010 it was just under 20 points / month. Every year I've been improving.

what are you talking about ? gold and silver are not breaking down at the moment

First of all OP, its quite pathetic that you have to delute ET with these ridiculous joke threads. No retail trader will make 2 billion, let alone 50 million. Nor will you ever trade 400 contracts in the ES. Its just too much size, even with an account in the millions. I'm sure there's a few...

I'm in MSFT @$25.50. Been holding at this level for a few years now. Its been a long ride but I'm finally seeing this stock hitting mid $30's by the end of the year. Its been long overdue !

Sounds like most rookies trading ES. You need to trade a system to take most of the emotions out of it. You need to be capturing more than 2 point moves and trade a lot less. ES doesn't provide that many opportunities during the day, but when it does, the moves are nice and you need to...