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You are right. I have a day job. The nice thing with that is I can stay out of the market for extended time if I do not want to trade.

traded once during the whole week. Lost $3 after commission.

Why, because these people made their own mistake and then blame it one others. They will keep making mistakes all their life, because they do not think it is themselves who need to change.

Geo, Nothing personal, but I think a man should take responsibility for what he did. And be prepared to take repsonbibility for what he plans to do in the future. You can not say, I am not responsible for what I did, but I will be for what I plans to do in the future. That is a kid's...

I strongly advise against option 4. If I were you, I’d manage to pay off all your debt no matter what. You created your own problem, now you should take care of it. That is a responsible man. You can choose option 4, but if you keep that kind of mentality, you do not have a future. So why not...

True. One of my Economics professors told me he used to be a math major. He got his math PHD. He is almost 30 by then and he had not had any major contribution to math yet. So he decided he never would--since most great mathematician made their name by 30. So he decided to quit math, and he...

Immediate Bust

Borrow from a credit card. There is plenty of 0% apr cards out there right now. I just got one (Capital One) with 0% apr till Oct 2004 with a credit line of $10,000. Get two card like this and your problem is solved. Frank

What do you think of this story? It is a true story that I heard both from my wife and from her mother. My wife’s grandmother, Mary, lived in a poor third world country in the early half of last century. One night she had a dream of a middle-aged woman in colorful clothes came to her...

Mike, I do not know what decides a stock's personablity. But I believe volume is certainly a factor. When volume is high, it is hard for anyone to manipulate intraday. I think there are some nasty players in the market. When they are in a stock, you don't want to be there. Avod the money that...

fast trader, I trade only intraday so I am talking about intrady only. I have a short list but I do not want to reveal it, and it may not be correct even if I reveal it. I have not come up with a method to scientifically produce such a list yet. My list is created through experience. But...

Stocks have their own personalities. The technical patterns work differently on different stocks. Some stocks seem to be always choppy. Some seem to trend much better. For instance, I would treat a stock that behaves the following way as hard to trade: pattern shows it is going to break down, so...

Can anyone believe this kind of thing happening? Jesus CHRIST!!! :eek: :eek:

come on, any one? Is it because Esignal's backtesting function is so new that very few people have used it and TS both? To Tradestation people: why do not you convince me TS is better than Esignal here on a forum sponsor by you?! To Esignal people: Come on, make a case for yourself of...

I began to use Esignal's backtesting capability recently and feel it is rather user friendly. The language it is using is rather self-explanatory. I especially like its formula wizard, which speeds up the process a lot. I understand most of the backtesting job is done using Tradestation in...

Got to say I love the earnings season! I openned this thread since there are times I can get out of a trade (usually a portion of my position) at the vicinity of the very top or bottom at a local high or local low by watching price and volume. Today the price just moves too damn fast for me...

Thanks for your reply, fast trader! Damn, I wish I have same chrisma as GG. He made a post and in no time there are hundreds of replies. I post one and wait half an hour and only my buddy fast trader cares to speak.:( :(

Is it my own feeling, or do you feel it as well, that the stocks move way faster than spring time? The time frame I am talking about is 1 minute. When BRCM, NVDA, and QLGC reached their highs and lows today, they reverse with incredible speed. I am talking about 15 to 20 cents in a matter of...

Strategy trading is a trading method that uses objective, quantifiable entry and exit rules that have been validated using historical data. See the "training" section here on ET webstie. Best, Frank

I've been a discretionary trader and technical trader. Now I'd like to progress to strategy trading and I'd like to start by reading some books or websites. What are you favorite books and/or websites on strategy trading? You response is highly appreciated. Frank