Search results

I know how good it feels to move a stop to a point where you know that there is no possibility of a loss on the trade. But it is an emotional crutch based solely on the avoidance of fear. And in most cases it can really cut into the profits of a successful system.

Doing anything on your own, at home, can be isolating. Professionally, as a trader, you are pretty much cut off because even discussions with other traders are problematic if they aren't on your same wave-length. And developing new personal relationships can be tough when the...

I have personally never made money on a systematic basis buying into strength, nor have I been able to develop a system that does. That's not to say that it isn't possible, or that others haven't done it consistently. (The key word here is consistently. Because for every trend and momentum...

Man, if you are posting on ET (or ANY board) asking for advice on a trade you've already entered...you are in big trouble as a trader. Back up 5 steps and trade on paper before you put another penny at risk. Don't reenter the market until you have a solid plan in place, and enough...

But look where it got him. :(

I assume that you checked the time zones for trading. Brutal.

Very simple. Pretend you own the stock. A lot of it. Watch the chart. Is the downturn sharp with a lot of volume? Its called capitulation. Are you feeling serious pain? Are your hands getting clammy? Is your heart racing? Do you feel like throwing up? Need a drink...

They aren't meaningless at all. They give a picture of your trading history which relates to your experience. Without some demonstration of a history, you're just a story-teller.

I don't need to be the smartest or fastest person in the world. I just need to be smarter or faster than you. I only need one person on the other side of my trades. The rest of the world I could care less.

+1 Yes, banks screwed up royally and turned over their processing to some third-rate dump in Georgia, which forged signatures. HOWEVER...the vast majority of those borrowers who are beefing about it are defaulting on their mortgages, and using this as an excuse to walk away with no...

Your question is a good one, and should be near the top of the list for any new trader. Whatever your timeframe - minutes, hours or days - monitoring the overall market is always very important, especially when planning entries and pulling the trigger. Your odds of success are much...

The major consideration here is that in order to come anywhere close to meeting your goals, you must take on a high degree of risk. There are no large rewards without large risks. That is not just a cliche. It is a fact of life. But...you can't afford risk. Thus, you just can't afford...

Not worth the hassle, unless you have a system that specifically calls for it. My suggestion is to keep things simple and focus on just nailing the single position as best you can. That's challenge enough. In my experience, concerning myself with adding to an existing position either on...

As you are in a finance class, it might be a good idea to first learn to put the $ in front of the number.

1. List the TOTALS of your trading results on Sched D (Sales, cost basis, gain/loss). 2. Also write "See Attached Schedule" on Sched D. 3. Scottrade should provide you with a Gain/Loss worksheet for the year, that provides you with all trades listed in a format appropriate for Sched D...

I've never played online poker, because I've always wondered what was to prevent a player from accessing a computerized program to calculate odds, etc., while playing. Obviously, there's nothing to prevent it.

Okay, they were all angry in the videos. We can all agree that they were, indeed angry. Yes, they were very angry. Unless they were undergoing anger management therapy, in which case I apologize for my insensitive comment about their behavior. I submit that they were also stupid...

Trading EBIX today, were you? :eek:

This is what happens when Groupon alerts to a coupon for watermellon at Popeye's Chicken. And they run out.

Have Gun, Will Travel The Many Loves of Dobie Gillis Gomer Pyle Route 66 77 Sunset Strip The Twilight Zone Outer Limits