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Great to see so many people doing so well. After reading through many of today's posts, I wanted to wish you all continued success. Keep up the great work, and as always, Good trading to you all. - Spydertrader

You shared an excellent and very thorough review of your trade. Unfortunately, the trade in question appeared to have provided you a signal for an FBO (or FTT). Instead, price rocketed higher. My only advice with respect to these scenarios (entering on pro-rata) would result in holding beyond...

HANS certainly looked lime it was getting ready last night, but it appears we are a few days ahead of the curve on HANS for the time being. According to my charts, I anticipated a price reversal for HANS around the $90.80 price point (lower channel line). When price blew right through this...

I certainly understand the economic concerns of a trader just beginning to learn these methods. I have often recommended (in Journal One and via PM or email) using inexpensive (free where possible) tools in an effort to maintain fixed costs at an extremely low level. I followed the exact same...

You might look into integrating a charting platform directly with a brokerage firm. For example, I have QCharts integrated with my broker's order entry. Basically, I have 8 or 10 charts up with several Level II screens (in addition to a quote sheet and 'positions' window). At the bottom of each...

When I first started to learn these methods, I cannot count the number of times I thought, "How the hell does Jack do that!" I soon realized how Jack could do the things he does, without knowing how he did them. Jack trades equities at a much higher skill level than what Journal One describes...

As others have noted, you should place 'finding an alternative broker' as your top priority. The commission savings alone should improve your profitability. Many traders (documented on this web site) have had 'less than favorable' experiences with ETrade within the last year. Moving your account...

I don't follow Cramer, so I had no idea he had recommended this stock. REDF routinely follows its natural cycle (with respect to price and volume) providing numerous opportunities for profit. In addition, REDF follows a price action which predominantly maintains itself within a nice channel...

KC, after witnessing yet another one of your off-topic, diatribe filled, irrelevant posts, perhaps, you should attach the following advisory to each of your contributions to this web site ...... <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=966068> Good Trading to you...

2005-01-30, Monday - Dry Up Stocks CTHR CUTR DXPE FORD MTEX NGAS I also plan to watch HANS and PWEI - Spydertrader

Could you provide the exact error code? Also, try these several quick fixes to make sure it isn't simply a minor problem: Clear your cache. Make sure you have updated Windows Media Player Make sure your browser has been updated Disable Pop-up Blocker After checking the above, try...

I need to head out to run a few errands. As a result, I sold all shares of BOOM at the $37.53 USD price point. Nice quick profit to end the week. - Spydertrader

Entered into a long position with BOOM at 10:02 EST this morning when actual volume exceeded calculated Low Band Dry Up Volume. Basis: $35.59 per share. - Spydertrader

If you choose to buy stocks after they have already moved the entire first day range, then you'll want to adjust your stops accordingly. I recommend using Jack's 'Stop Offset' Method and using channels to determine entry and exits. Jack monitors gappers and gainers of 5% and 10% in his daily...

Sock Puppet? <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=962175>

If I recall correctly, I used a SMA of the BoP. The formula for BoP can be obtained here, but it appears as though you have the formula correct. I used the 80/80 EPS/RS parameters as well this evening. However, I do not 'score' the stocks until after running the list through all the various...

Where did I read this?

No, those numbers do not mean what you attempt to imply. Penson Financial Services remains a much larger company than IB. Again, you attempt to compare apples to oranges, but to what end? Comparing regulatory net cap wouldn't have warned you in advance about REFCO. I find it quite odd that a...

Are you using chicken entrails, tea leaves or my personal favorite to predict market direction? - Spydertrader

Clearly, the intent of my input was not to detract from any positive contributions IB has made to the trading industry. Rather, to point out the differences between IB and MBT with respect to financial disclosure obligations. I carefully chose my words in my various comments to this thread in an...