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  1. M

    Day In, Day Out

    How about expand your time line a bit longer, say from minute to minute to 6, 7 days etc. Few example, MWD ran from $58 to $61's in few days, SYMC ran from $39's to $42's in few days. Forget minute to minute trading with tight stop etc, that method will only kill you.
  2. M

    Use credit line to buy stocks

    Wahahaha!!! It's hard for me to believe that a person who gets a 100K credit card line and is seeking for advice here??!! Wahahahah...............
  3. M

    Poll on scalping broker (platform)?

    Please tell me why these softwares are necessary?? I trade a lot, nowdays the spread is so thin that the bid/ask usually is only one penny different. I think the important thing is to buy at the low point of the day and sell at the profit. All these brokers give me good execution, the moment I...
  4. M

    Poll on scalping broker (platform)?

    I don't know about you, I have accounts in E-Trade, Brown and Merrill. Platform?? I use your regular $9.95 dial up internet or Ma Bell calling plan etc. As for commission, E-Trade charge $20, Brown about $5 and Merrill around $30ish etc for one entry.
  5. M

    Why do you come to ET?

    I come here because I get bored when I wait for better prices to buy and/or wait for next sucker to sell to, kinda like fishing. In regular work place, there are water cooler and coffee station, for this line of work, there's only me, my screen and the rest of you:D
  6. M

    When to call it quits as a trader

    You need to figure out the minimun amount of moneis that you need for your monthly expenses, if you can not make that amount then you need to find other employment. There's no but, if, because etc, everything is in black and white, don't kid yourself:D
  7. M

    When to call it quits as a trader

    When to call it quit?? When you lose money 5 month in a row, and/or when you see your original capitol diminishing to an alerting level.
  8. M

    Day In, Day Out

    Thanks for your posting. People do benifit from your list. For myself, you brought my attention to STT, WM etc.
  9. M

    hedge fund short squeeze.

    "Why o why do people keep on picking tops...like picking nickels in front of steamrollers.." Because if you picked the top right, you look three times smarter than the rest of the six pac Joe. You can then say " I told you, Wahahaha!!!!":D
  10. M

    Wizetrade / WOW fyi

    Thanks for the information. I've seen their informecial not in late nite, but on Sunday morning. They made good TV pieces, got these successful looking actors, actress pushing computer buttoms and making moneies. That must be fun:D
  11. M

    every day on elite trader

    Okkkkkk....here's a newbie question.....what is "prop shop"?? My guess is a firm that would give you say 1/4 mils of line of credit to trade, but, do you have to balance the account to zero money owed at each day end?? What's their typical sign up fee?? I meant you have to bring money there to...
  12. M

    Riding winning positions (intraday)

    I thought 5 years of trading should have already taught you how to take the pain. Com'on leaving doughts on the table is not a big deal!!! One other thing is as long as the stock is on the up trend, you will always sold too early, no one can find the top consistenly, once in a while you might...
  13. M

    Cut out the upgrade & down grade!!

    Dear Mr. Attorney: Rather than suing Big Mac for being too fat what about suing these analyst and brokerages for spreading rumors/opinions etc for causing damage to my portfolio:) Regular six pac Joe can not move market when expressing rumors or opinions, but these analyst moved market...
  14. M

    Cut out the upgrade & down grade!!

    Talking about IBM....it got stucked between $80 to $84 from July 20's to end of August. On Sep. 1st, I think was Dan Nile (the so called respectable analyst) up graded it, and it ran from $82's to $86, next few sessions it gradually drifted further up to the well known resistance of $90, so, at...
  15. M

    Cut out the upgrade & down grade!!

    Talking about SEC reform....I would like to see they dis-allow brokerage houses up grade and down grade. Upgrade & down grade give too much manipulation to the people who's in the loop. I don't mind brokerage houses do the research report and estimate the quarterly earning, but, just do not...
  16. M

    give me more trading!

    In&Long: I totally agree with you. However, I thinhk the original poster is looking for excitment, so, I mentioned casino:D
  17. M

    give me more trading!

    More trading?? How about do your regular trading Monday through Friday, then go to the nearby casino for Saturday and Sunday:)
  18. M

    Is there money in day trading stocks anymore?

    I trade stock to supplement my income. For me, I set up a low goal of making three thousand a month, so far this year I am way ahead of my target. Hundred grand a year is doable, for me, forty, fifty thousand a year is plenty, don't forget there are taxes.
  19. M

    What do you dislike about trading?

    The downside is when the bear hit. It's easy to make money when the tide rise. Traditionally Sep and October are two nasty months.
  20. M

    nycderivtrader journal

    Very interesting..... Apparently you are on your way to the goal, that's 10% gain a month. Based on that return, with one million dollars in a year you will get to 3.1 million, in two years you will amassed 9.7 million. That's very cool:-)
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