didn't know it was near 4:00 might lose a bit in the opening , probably going to be owned with my luck. "As a long term investor...! " haha I'm up 16% this year wiz, <h2> Are you retarded like traderNik looking for a nonexistent car accident?</h2>
Hi, I have a uncle who has taken courses to swing trade and still is doing these courses by phone with a tuitor. He said that he would pay for me and wife to do these courses, but lately I have not heard anything about this. He is not doing any real trading yet just paper. I get the feeling from this web site and this thread that to make money by trading is very difficult and risky. That to be successful takes much time and effort and even then you may lose your butt. I am thinking that for me it would not be worth it if you have to spend so much effort at it. Is this correct, that you have to live and breath trading and stay on a computer to have a chance to be successful and at that you still have a good chance to fail? Thoughts? Dan
Dan, I'll answer your question since you seem to be very interested in more information. First of all, your attitude, while is quite non chalant (which is fine for life), it doesn't work in business. You either want it or you don't, there are no in betweens, In betweens produce half ass results. So if you want to succed in trading, you need to burn your backup ships, and dive head first. Second, the way I trade is different from how other people trade, I use tradestation which is automated. It alerts me when possible trades come up by cell phone email. I take 5 minutes to scan over $COMPQ $INDU charts each night. If they are where I want them to be, I turn on my cell phone tomorrow and wait for alerts. So basically, theres no work invovled. No watching, I Sit out and stroke my whatever and run my other business , manage my guys, rake in consistent money elsewhere. I am in this business as a investor, not as a trader. I have other shit to do then sit around then staring at the screen 24/7. I don't aim to do 2000% a year, I can do 20% and have well over a XXX,XXX appreciation. Of course to have the system, you must know the markets inside out before you can tell it what to alert you with. It ain't easy to come up with that in the first place. Life is not easy. Success is not easy. But after you hit a turning point, everything is easy. You can hookup with a fat girl anytime but then you don't want to. Its only easy when its already too easy. Get it?
SOLD VZ - 30.99 (-0.09) Holding ADSK long WLP long WC long Will be adding since I lost a VZ position, will add @ weakness to others.
adsk - stopped out @ breakeven 47.24 avg odd movement will not re-enter All positions set to breakeven stop. Market needs to hurdle jump before adding more positions.
Allocation info c: scared longs = 1/2 capital c: shock longs with confirmation 100% capital c: trend bottom = 0 capital current status: Scared longs.
the market , at the moment doesn't look too healthy to me. So I assume I might be breakeven for all the positions. I'd close now but, why bother? heheh why bother? Just let it ride! , but yeah, I don't think this market might be going up, Monday should tell the whole story. But who cares, I'm riding on the markets money. I don't give a shit When the shorting time comes, You know I got game. Theres nobody who shorts like me, 2 tick stops on YM , I can enter a 20-30 contract position without flinching baby 200 point targets! I might close some long positions before 4:00 I'm not holding positions without a cushion as well.
WLP close 73.51 +0.16 WC close 75.46 +0.10 VZ 31.43 +0.29 I may re-enter on monday Non performing stocks , At the open they already gave me a bad sign. I didn't expect them to perform well straight after for the day. Should have hunted for better stuff , but I was hoping to set it and definately forget it for 5-6 months Although, I never forget where my stops are. Long term may be long term, but when I put down a position, its always perform NOW. I will always be profitable like this. No positions get differnetial treatments.
lol... This thread should be called "Coolweb shows us how not to trade". These are classic newbie mistakes that will result in account closure soon enough. I'd close now, but why bother?? lmao... Have you noticed that no one is following this thread? Congrats coolwhip, you are officially the new ET village idiot. It's actually good because you slowly start to get more page views as people check in to see what new b.s. you are spewing, or what new mistakes you are claiming as victories.
Considering you are always checking up on my thread and posting in it. <h2> And you are asking if anybodys checking my thread? </h2> LOL! Nah, I'm sure you are following it dillengtly like a good schoolboy should Run along little boy. Run along. School is closed for the week.