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SE, I'm not being sarcastic, but, are there any "gurus" that you do (or somewhat) respect? Are there any books (related to trading), that would be on your recommended reading list? Thanks

I use sometimes use channels as one of the factors in my entries and exits. It's not the end all be all, but it's something that I consider. But, I think that channel trading can be dangerous. I can almost guarantee that one or 2 trades will take away all of the small profits that are made...

____________________________________________________ Posted by SE: "Trends So a 15 min chart is used for a broader intra-day trend. If you look at your chart and the 5ma is below the 20ma and they are both declining, then you are in an intraday downtrend. If you spot a rally into the...

T-1 with a cable or dsl back up is the way to go.

My favorite: I think it was an E-Trade commercial? The guy was watching his position in his home office and he is making funny noises and expressions when his stock goes up and down. Then he jumps out of his window, and his sees his neighbor when he is lying on his lawn.

cas, you mentioned First Alert and Insight for customized tic by tic scans. I have never heard of Insight. Can you or someone else give me their website address. I would like to check them out?

HI, I trade with a prop. firm and I will receive a K-1 at year end. 1) Do I need claim Trader Status by 4/15/02 for next year, even though I am with a prop. firm and I receive a K-1?? 2) How do I deduct 100% of my out of pocket business expenses that I incur. On a...

Can anyone recommend a reliable website and/or service where I can make customized scans, using end of day data. Ex. Find stocks on NYSE that have had 4 down days in a row. Ex. Stocks that have moved above their upper Bollinger Band. Thanks

I have been trading for 8 years. I have always been profitable, (after my first 8 months). I have read hundreds of books, attended many seminars, watch many videos, reads many magazines, newspapers, and newsletters, and checked out a lot of websites. The only thing that was really worth...

Hi, I am planning a month long vacation to Naples, Florida. I want to continue trading while I am away. Does anyone have any suggestions on how I can obtain high speed internet access while I am there? I will bring my own computer and monitors. I am in the process of calling...

When trading with a professional firm, what is the best want to deduct business expenses? I understand that you receive a K-1 at the end of the year. How would I go about deducting normal business expenses?

Hello Everyone, A friend of mine wants to give me X amount of money to trade with. Does anyone know how I can open an account, in my name only, (not a joint account, llc, llp, or a corp), and give him his percentage of the profits, without me paying taxes on his portion. I would pay taxes...

which website and/or software is everyone using for intraday scans?

The specialist must maintain an orderly market. Want to know when he will by the stock. When the stock runs down, then someone unloads a large amount of shares because they have to sell, then the specialist will gap it down 1/2 of point (just above some big bids and/or support). There will...

Whenever a stock make a big move, the specialist has a situation where he can benefit. The stock will usually have above average volume, so he will earn more $$. And the specialist will usually benefit from any gap in the stock. If the gap is on the opening or during the day, he can benefit...

To use your LXK example: Even if the NY specialist (in LXK), wanted LXK to fill the gap, he couldn't have control over that. If outside selling pressure is too great, it won't happen. If the aggressive selling pressure is there all of his bids will be met. If LXK rallies back to 50...

Jem, I was wondering the same thing. I have been trading for 8 years. The trading floor that I work on has excellent technology. Everyone has a dedicated T-1 line for each data feed and for order entry machines. 100% of my trades are listed stocks with super dot. I am considering...