I would think it's pretty dangerous to let open losses dictate your longer term view on a stock. Just my paltry .02
Thanks for the post, I checked that out too but don't really like getting charged per ticket. Any broker offering something competitive with...
If you're consistently trading 25k - 30k shares a day, what should you be paying per share (all inclusive) using a Realtick-based broker? My...
Think about expanding your time frame and ratcheting up your selectivity, .03-.05 on the Q's is barely worth flipping direction for IMO, the...
20k shares for .10, or 4k for .50, just a matter of what feels more comfortable on the execution side. Me, I trust ECN's alot more than Superdot...
Going for .05-.10 for scalps in just about any nasdaq stock will drive you mad -- not enough room for setting good risk/reward on the stops. I...
I would guess it's the people trying to scalp for .20-.30 each time are the ones getting frustrated, while those that try to ride out the longer...
No wonder you don't trade nasdaq. :D
Not if any of those articles on JPM come to fruition. :)
At least you are cutting your losses as quickly -- I often find that the only trades I manage to hang out to for more than 3 hours are losers :(...
How bout the Nasdaq breaks fresh lows next week, while the VXN just crawls its way higher or stays sideways?
Mike, Not trying to reach any particular winning % or profit ratio; just trying to find a style that suits my mentality and minimizes my...
Great way to clarify things, Mike. For me I think I'm trying to apply the elements of both type #1 and type #2 at the same time, seeking a...
Besides gut instinct and intuition, I would include under the discretionary approach: reading chart formations, watching sector rotation, relative...
I've been trading for nearly 5 years now, and I'm still trying to resolve this very same issue. For a while, I tried working 3 separate time...
Speaking of flipping buy/sell, wonder if the retail daytrading firms at the height of the bull market had programs running which would fade a room...
<hit post too soon> I've gone as far as removing all profit and loss counters (both open and closed) off my screen, and even trading in sizes...
IMO, a broken winning streak is one of the greatest causes in jeopardizing one's overall success; to put it on an even smaller time frame, one...
I believe that "jumping the queue" refers only to the receiving end of execution: the largest size shown at the same price would get executed...
Well put Thug Life, your comment went straight to the heart of what's gnawing my brain recently: finding oneself and a style of trading that won't...
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