I saw that NXTL train at the station during the pre market. All the indicators and charts said BUY. The bid/ask was stacked to make it rise. There were shares available at or below $6.15 at the opening. And I didn't buy it!! I let it leave the station and didn't get to enjoy the $600+ profit I shoulda/coulda/woulda made had I bought 1,000 shares. To catch a train, you have to: Identify there's a train to catch and TAKE ACTION!
I agree... I programed my spreadsheet to show me the STOP, BREAKEVEN and TAKE PROFIT points... All I have to do is ENTER THE STOP as soon as my order is filled. If only I would do this each and every time, I would not have (big) losses nor would I allow a winner to become a loser because of greed. The calculations are simple.
"They should charge you for this sh*t... You make sound as if your way is the only way to make money on the street... Nonstop I hear this bulsh*t from you!!!!! "You have to read tape forget about the charts and news" I'll bet you your avg tape reader gives you 30+ Rt's a day too right? YOU MAKE ME SICK DON!!!!!!!!!!!!!! Go eat another 65 hogies or something and stop spamming these boards! If you could actually trade Don you wouldn't spend soooooo much time here recruiting these naive sheep!!!!" kindergarden must have let out early today.the guy cant make a rational argument so reverts to insults. noodles if you are so sure you are right post your results.curious to see how a big shooter like you does in this market.
While Noodles may not be very well articulated and seems to be very childish, I would have to totally agree with him in regards to Don Brights posts... Don you seem to think that there is only one way to make money in this game 'The Bright Way'... I remember on another thread you saying something to the effect that reading charts is senseless because it deals with past/future where as your 'tape reading' only deals with the 'here and now', you sounded like the back of a T-shirt Don On another thread you insisted one could not make money trading the futures, because they 'lead' the market... Well Don I have been trading now for close to 10 years (4 1/2 FT as sole source of income)... I have made over 6 figures in last 6 1/2 months exclusively playing the futures with nothing else except for a 'useless' chart with some moving avg's and a depth screen... My motive for this post is not to 'feel myself' at all, it is simply to say that there are a million ways to make money in this game and I assure you Don that taking nickels and dimes with your opening orders or staring only at a T&S box all day, are not the only or the best ways... While this Noodles guy seems to be putz you both have displayed the same level of arrogance IMHO... Publias
Noodles, I don't think that you and fasterpussycat are one and the same as I would expect more from him. He usually offers some insights that come from experience, has a sense of humor and some intelligent things to say. Do you have any constructive input to add to this thread so that I might learn something? Or are you just hoping to draw some attention with your name calling and childish behavior? Aaron Task wrote a good article on thestreet.com; http://www.thestreet.com/markets/aa...e/10031484.html referenced by darkhorse and Babak on another thread. Task discusses how we are seeing increased volatility and less liquidity as Market Makers are less willing to commit capital and take the other side of our trade. One MM is quoted as saying, "In 2002, the market making community is but one component in the marketplace of open ended architecture. I don't feel any obligation on my part to be the buyer of last resort. I'm just another player in the game." So how is this relevant to this thread? I'm experiencing a lack of liquidity in my trading lately and finding it more difficult to get low risk entry points. Regardless of our approach... whether we are trying to get on or off a train, protect our position with stops or read the specialist, the risk seems higher now. Yes, ideally we would be in before a move occurs, but I'm finding that I am pulling the trigger less often because I don't like to give a trade as much room as I have to when I jump the gun. Sometimes the lack of liquidity makes it difficult to get out.
Yeah OK BIG shot (pun intended)!!! How much a month do you make on those open strats huh??? surely not 10k... besides Donifyou win you get 20(ie. 2 to 1)... Besides why must it be about the money??? Why not just come out and show everybody first hand what you are talking about and the principles you so arrogantly preach on these boards.... Ahhh cmon Don I am sorry for the tone of my prior posts and I'm sorry I made fun of you being horizontaly challenegd thatwas not nice.... BUT C'MON DON COME OUT AND PLAY WITH ME!!!! We will do this legit I swear! We will have written agreements, we can start a thread here to keep everybody posted with results, etc. etc... Don't you want to be a able to brag about how you beat the stupid chart reader??? COME OUT AND PLAY DON!!!!!!!!!!
It is too obvious that Don is a marketer and not a trader. I'm not saying there's anything wrong with that, but if you can't trade you shouldn't be blabbing about how much you know about trading. I'm still chuckling about Don saying you can't make money trading futures. Good one, Don!