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Haven't you ever heard the old expression "buy the rumor, sell the news"?

The stocktrader index is dropping like a turd made of stone into this toilet we call "the stock market"

First of day of group chat went pretty well. I think for the time being we are going to be using AIM service to group chat. It took a little while to figure out how to form a group. Those who are interested feel free to add me wschwa12 on AOL instant messenger.

I prefer Anvil (assents platform) to Lightspeed. My main grip with Lightspeed in two parts. 1) You cannot see the specialist when in slow quote mode. 2) Many keys are not mappable on the keyboard. Other than that lightspeed is great.

Oh also if you have any questions. Just IM me @ wschwa12 on Aol Instant Messenger.

Allright guys we are gonna be at ww.hitthebid.net Gotta register, then let me know what your handle is and we can set up a private room. Go to chat and login to the lounge chat room. Either my2cts or ktgtrader will be there as well as jcd. See you tommorrow morning I'll be on at 7:00 ET lets...

I don't trade it, but we may have people that do at this point we're just looking for a few good minds. The more areas we cover I think the better. For the most part I must say that I will be trading from 7EST am to around 5:30 ESTpm

I don't need any hot tips. Most of you that haven't ever traded in a group environment probably don't understand that the purpose of this is not for specific callouts. Specific callouts rarely work for anyone other than the person initally in. However, these callouts can bring a stock to your...

If you are just looking for callouts that's not what we're trying to accomplish here. This will be a private group, more or less a think tank for trading ideas. Not callouts with all of us trying to pound one stock. It may not work for you, but I believe the right mix of people, and a few...

I have heard the name over and over jack hershey, don't know much about it. Just know that you can cover alot more market with more eyes, and different perspectives. We do well together, I have just experienced the freedom of working from home for the past couple years and I would like to get...

A remote trader friend of mine proposed to me a new opportunity. he wants or we want to start a think tank for a group of experienced traders to meet on a daily basis initially through a chat room then if this is beneficial to all involved move to a VOIP. We basically believe that the more...

+/- 4 pts really isn't too bad of a long term call if this thing hangs in >140., and goes lower. More than likely though he wouldn't make money on this because he would end up buying 141's only to see lower prices later. It's just the nature of this trade. You're already wrong so you would be...

Is the commission before or after rebates are adjusted for? At KTG it is a tradeoff. You trade off 50% of your profits, you pay more in commissions pre-rebate, and the desk fees are a little higher than average. In return you get: the opportunity to trade with no risk to you (their money)...

Believe it or not I'm running Vista.

5000 MF 17.00. Got out after a nasty beating around 11. You just hang in there. If you work in a mine field occasionally you're gonna run into one. I've said it before and I'll say it again. Losers are a part of the business. Deal with them and the winners take care of themselves.

Just to chime in on the subject. Avatar offered me a great deal to trade with them. I left my old firm, and haven't had one regret. Ray and Omar seem to have a managerial style that is unlike I have witnessed with other trading companies. Truley it feels like the trader comes first and they...

I just read your plight. A trader will have many times like these that you describe. It's the nature of the business. I had one recently. It is how you handle this adversity that makes all the difference in the world. A couple of things that I do are: 1) Turn off your P/L readings and...

I don't trade for the Assent office in Scottsdale. But I trade remote for Assent NY in Phoenix. Man, I went to that office because I was getting kinda tired of trading on the VPN, cable connection, latency issues..etc. etc. I didnt find the scottsdale office to be very appealing to me. It was...

3 words... big time commissions

I predict a day when you least expect it that you wish you traded in and out of a stock. When you wake in the morning to find you account wiped out by unexpected news..an attack on American soil.. a natural disaster...etc. We have been fortunate to have not had anything like that recently...