I'VE BEEN DAYTRADING FOR 4 YEARS AND STILL CAN'T MAKE ANY MONEY AT IT. BUT A WHILE BACK I HAD A SYSTEM THAT COULDN,T LOSE. IT DOESN'T WORK FOR ME ANY MORE SO I'M TELLING THE WORLD ABOUT IT, IN HOPES OF GETTING SOME POSITIVE COMMENTS BACK IN RETURN. BESIDE, I HAVE ANOTHER SYSTEM THAT I'LL BE TRYING MONDAY THAT IS SURE TO WORK! HA. HA. HERE IT IS. WHEN THE FINANCIAL CAFE WAS OFFERING FREE MARKET ORDERS. I OPENED AND ACCOUNT AND THE NEXT THING I KNEW, I WAS TRADING CISCO SYSTEMS AND OTHER STOCKS AS MUCH AS 200 TIMES IN ONE DAY AND I MADE 400 PERCENT ON MY MONEY IN TWO MONTHS. THEN THEY STOPPED THE FREE MARKET ORDERS AND MY SPREE ENDED. I COULD TRADE AND MAKE MONEY WITHOUT EVEN LOOKING AT A CHART AND EVEN AGAINST THE TREND. I WOULD WATCH THE ISLAND LEVEL I TOP OF THE BOOK QUOTES AND COMPARE THEM WITH THE QUOTES FROM DAYTEK. WHEN THE BID ON ISLAND EXCEEDED THE ASK ON DATEK, I WOULD GO LONG ON FINANCIAL CAFE. IT WORKED LIKE A CHARM AND I COULD MAKE GOOD TRADES OVER AND OVER AGAIN AS LONG AS I WAS GOING LONG, EVEN WHEN THE PRICE WAS DROPPING. WHEN THE PRICE WAS GOING UP I WOULD MAKE A KILLING I WAS NEVER SO EXILERATED IN MY LIFE. WELL THIS SYSTEM DOESN'T WORK FOR ME ANY MORE BECAUSE THE BROKER FEES TAKE MOST OF THE PROFITS. DOES ANYONE HAVE ANY IDEAS OF HOW I CAN REJUVENATE THIS SYSTEM.
Hope this helps: 1)Turn off your cap locks key 2)Daytek is spelled Datek 3)Your scalping style and experience might allow you to try ES Futures...but I would like to see you successful with Stock trading first. But maybe you can do well with futures. 4)Getting excited about new systems and gambling is not what this is about. The passion for trading might arrive when you discover that this is a probabilities business and you can only try and be on the right side utilizing the tools you have. Michael B.