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Agreed, but can never underestimate the manipulator's powers:) Just use caution is all i can say as there definitely is steam to push it higher. You gotta have tight stops on this one as it seems to fall just as fast as it rises. Regarding the fact that it was trading just around 2 bucks...

Hmm, kinda reminds me of JAVA (SUNW) & JDSU and what good did that do to those stocks:)

There is such a thing as credits/rebates plus an edge you know? This completely refutes the zero sum theory when one's strategy consists 80% of adding liquidity. Also, if you work for one of these prop. firms, you have no overhead as that is the reason why you would be getting a lower payout...

So true! That's why there are so many market inefficiencies though due to the varying degrees of cost structure. Think about it, a normal discount broker would charge typically say $8 for a trade of say 100 shares of GE. A regular broker may charge $30. However, a prop. firm, would charge say 2...

Definitely can relate to that one the most. I think the key here is you must have an absolute $ stop that is not way out of wack, ie you can recover the loss in x days, weeks or months, NOT years:). I always find myself in a situation wherein i tell myself all i need is just a little pullback...

---------------------- Ok, you got me there. I'm still using a manual system (I suppose herein lies the problem). I'm not too much of a techie that would know how to even go about automating my strategy (ie Have 0 programing skills:). That being said, i still would not be able to articulate...

------------- Well, what i really meant was i lost about 2 months worth of profits in about 2 weeks. I got completely emotional in that i never expected moves of 10-20% on large caps on a daily basis and fell victim to my emotions. I almost gave up my trading career and felt extremely...

------------------ Just wanted to say i've had the same idea and its been working for me consistently until i blew my account sep. 08 of last year. Check up on some of these links http://www.elitetrader.com/vb/showthread.php?s=&postid=1555895#post1555895...

Yes, and i'll always feel that the stock market is just one big ponzi scheme waiting to collapse hence the periodic crashes we've had until you can do value investing all over again until the cycle repeats itself. The way I see it this bear market won't be over until we've seen all...

Looks like this theory is starting to prove itself now after all these years:) http://en.wikipedia.org/wiki/Greater_fool_theory Value investors such as Warren Buffett believe that it is corporate profits which are the normal returns from stock investments, and any higher return is only...

------------- Honestly, I don't know if a 1k spike it the Dow would cause investors to rush into this market. I feel this market will bottom out gradually as opposed to a V bottom that so many are accustomed too.

--------- I've thought of it for the simple reason that volatility has spiked so much and there is so much more fundamental news mixed with emotion driving the market that its more effective to position trade than day trade at times. You can also try to anticipate the gaps which can be risky...

---------------------- Both of you guys are right, i mean, some traders will be better off staying at the sidelines if they can't keep up with the volatility. I'd say they are good traders and kudos to them for realizing their weakness in this ultra volatile market (rather than force their old...

Well, i did notice they usually aren't there in a fast moving market hence the complain for poor fills. So they probably cut their losses pretty quick in a fast moving market according to whatever algo program they are using.

Absolutely possible, but highly unprobable:) Read up my friend: www.sprott.com/pdf/TheVisibleHand.pdf

I kinda thought the bounce right after the house denied the bill was due to the confusion as to whether or not another poll was going to take place (the media was reporting all sorts of things).

Any thoughts/comments? JMHO, they allowed this drop to happen just to prove a point and that they are indeed needed. Also, to ensure negotiations and talks are continued.

http://www.nyse.com/press/circuit_breakers.html

----------- Excellent link / article for more info. on the PPT. Very informative. Particularly interesting was the statement the most dangerous near-term threat to U.S. world leadership and thus to U.S. security, as well, would be a sharp decline in the U.S. securities markets. Such a...

-------- Excellent post The Rumpled One! IMHO, an understanding of these basic concepts and putting it into practice is truly the Holy Grail in trading. It is a recurring theme in many trading books and is explained over and over many times around but I think it can never be over emphasized as...