Based on the 86 votes so far, I calculate the average ET active member age to be 35.4 yrs. Thank goodness -- that means I'm just below average (age wise, that is; though probably intelligence wise as well). Also thank goodness because I was afraid that this site was just a bunch of highschool kids!
Hmmm... Shame though it's not exactly accurate graphically because as the age increases, the increments increase as well - Very unfortunate we can't have more options on a poll... -Scientist
By the way - The results on my specs on NTES mentioned previously: Some scalping for the interested ones; ----------------------------------------------------------------------------------- Long NTES @32.01 (just above the 3rd 1-min candle for the day) Stop-reversed @ 32.47 (9:35am -long term resistance bounce suspected- high was @32.65 - sell while dummies are buying) net on long .47 -.01comm.(IB) = -.46 X 2,000 = 920 pts. closed short (stop-reverse) @ 32.16 (9:47am -support-bounce confirmed, resistance broken at 32.14, stop-reverse long. net on short av .26 /ac = .25 X 2,000 = 500 pts. closed long @32.72 (22:05 on the 1-min -a bit late - breakout base over resistance level now confirmed as downward reversal + negative vol% accumulation) net on long (av .55 /ac .54) = .54 X 2,000 = 1,080 pts Total net trades +2,500 pts. /~0.0032% of netTO or ~3.85% of tradesize utilized. ----------------------------------------------------------------------------------- A few really excellent moves were still to come, but I stopped there and went over to the ES. They are a lot less scary because there's always maximum liquidity, so you can scale in/out even with huge positions (10+ contracts or more is huge to me, I know I'm still a poor trader compared 2 some around here, but I'm working on it). On the ES, I'm very conservative and risk-adverse, so I try to capture an average of 2-5 pts per day, which would equal 20-50 pts if you're trading 10 contracts. If anybody can tell me how to do more than 3 pts on ES everyday on a consistent basis - Please help me! Besides the ES, NTES is my favourite scalping stock. Awesome volatility. Shame about the liquidity sometimes, but I love scalping it, U just can't trade more than 2k shares or U get into trouble I find. Though it's a great stock for beginners 'cause it's full of amateurs, very unlike CSCO, or MSFT & INTC which are full of razorsharp MM's. However, I use them as leading indicators (they often even tend to lead the SPX/COMPQ) For all U beginner traders, I hope this helped you a bit. Feel free to analyze the charts on the 1-min and follow what I did. I hope I didn't make any mistakes, all the logs should be O.K. Just for a proof that scalping DOES work... Shame that I can never catch the full moves, though. 70% if I'm lucky... Guess this is the trader's curse Looking forward to some constructive feedback... Live Long and Prosper... ~The Scientist
What really WAS my mistake is that I double-counted ages rather than excluding them (i.e: I polled 18-21, 21-24, 24-27 rather than 18-21, 22-24, 25-27 and so on...) Shame about that, but I'll know better next time ~Scientist