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Fantastic post, Hog. This makes it easy to visualize the price action we see every day. I'm always afraid to join a strong trend on later retraces because it seems price has gone too high or too low to go further, and so at that point I'm looking for counter-trend entries. I miss so many...

And how 'bout that DDRX, up 16,500% from March lows. Behold! The power of caffeine!

Yes it is, but they certainly don't hide that fact. Disclaimer at the bottom of the first page: "The Goldman Sachs Group, Inc. does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest...

I believe Neke started with around $5000 in 2005 (?) and traded mainly options: http://www.elitetrader.com/vb/showthread.php?s=&threadid=150396&perpage=6&pagenumber=143 He's grown it to $500K so far, which I believe a good trader could retire on.

And that's reason for NASDAQ to bust the trades because???

No trades. Went to trade AAPL early on and IB's DOM was locked. Only AAPL and UAUA were locked up, everything else was fine. By the time it unfroze a .70 cent move had passed without me and I was then out for the day. The market hates me.

Went to trade AAPL early on and the DOM in IB locked. The bid/ask was locked and although the numbers in the Bid Size and Ask Size kept changing, the price ladder froze. UAUA was also frozen. I tried other stocks, and they were fine, and my other 2 DOMs were also fine. By the time AAPL...

I agree BigHog has tried to mentor my stubborn ass for about a year now and I still don't take advantage of joining trends or adding to positions at pivot points, etc. Pacman, I have a few questions: Do you day trade or swing trade? If you day trade, do you use a multiday chart to...

You're talking about the market. The same market that pushed CROX to almost $75. I mean, what was THAT backed by? Really ugly shoes, no barriers to entry for competitors, and 20 cheap knockoffs on the way.

This is one of the greatest truths I've ever read on this site.

The market's behavior is not based on what actually is, but rather on what market participants believe is. I've spent months trying to reconcile myself with irrational market behavior, such as AMZN trading at a P/E of 76 while IBM trades at a P/E of 13. Or how about LEN rising 13% today...

- $153 Jut one trade near the close today. Not only did I put on a long trade (I think I've done one of those this year), but I accidentally had 4x the size I intended. Stop was hit with slippage, yikes! But I'm thankful the first thing I do is put in a hard stop.

Thanks for your kind words, but they are making me LMAO in light of today's trade. -$153 Today I jumped outside the box. I only traded near the close today, and decided to go LONG on GS @ 177.79 when it pivoted off oversold near previous support, because it was in a strong uptrend all day...

Come on, boys, shorting SHLD is like shorting Mom and Apple Pie. Now you see, Mom's always right. And her apple pie ain't bad either.

Thanks to everyone for much valuable input. I still believe I can make this work, despite the long haul.

Boy am I dumb, not buying MON on that news. I need to add "earnings miss: strong buy signal" to my list of important pointers: http://www.elitetrader.com/vb/showthread.php?s=&threadid=183109

Good advice, GE. A 20-period moving average is one of the best guides to entering an existing trend in any time frame, entering when price is at or near it (long if it's rising, short if it's falling). Once a trend has made 3 strong pushes in a given direction, watch for signs of a...

Yeah first I hesitated when the price was stalled in consolidation, then I hesitated again when it dropped .50 cents figuring it fell too far to short.

+ $77 One of my worst days ever, leaving $700 behind on AAPL by failing to stay at my desk and re-enter the trade when the bounce failed. :(

+ $77 Watched X move to test the HOD and offered .10 cents above it, missed by .03 cents and sold off pretty quick there. I didn’t chase because a) I was top picking and b) X was strong from the open, so I figured a more confirmed short entry would occur later in the day. The pushes higher...