sfoxer:

Bear market, what bear market? :)  Not saying anyone should follow my advice, but look at investors.com at market open and look at the top 5 momentum swings to the positive for the day.  AGU, POT, FEED, etc  This is not for the faint of heart because you have to decide when to get out!  AGU ran for 22% from M-W this week and dropped today, but still if you jump in and ride the swing, it can be a great ride!  Same with FEED after running 18% in the morning yesterday.  I often see a drop after a day or two of hard runs as people take profits, but I often will buy on that dip and it works out and comes back within a day or two.  I say if the institutional buyers are hot on the stock, it is for a reason that us commoners are not aware of.  They are buying in large swoops for a reason.  Truth be told I have only been doing this for a couple of weeks, but am up about 8% in those two weeks.

jackg1606:

As long as our successes out weigh our failures we will both be profitable.  My current goal is to make enough by year end to take advantage of these low home prices and pay cash for bigger house.  Good luck with GOOG, I still think it would have been best to sale before the release of earnings.  Now that you got lucky and survived the report you should be on the watch for a sale off.  I have a feeling lots of people who bought at a higher price will be taking advantage of the spike to exit their losing positions.  GOOG will probably trade just like RIMM has since it's earnings release and slowly drift back down.

rich11dad:

jackg1606:

Good grief, Zecco is going to give me a heart attack.  I didn't get logged into my account until 4 hrs into trading.  I am going to have to find a new broker.  I don't like this kind of risk being an active trader.  Luckily my trades all worked today and I ended the day with a 6% gain on my account.

As soon as I can scrape $5,000 together (I'm poor, despite my screen name, which refers to a book title), I'm going to go to Trade Station.

I have TradeStation and I really enjoy them however, you need to trade at least 5000 shares per month or you'll need to pay a platform fee of $99.95/month.  And you will also have to pay exchange fees for being able to trade.  The only way I get away is because I trade more than 10 round trips on futures contracts each month.  You can not be a daytrader with less than $25k as they will stop you and readily list the amount of daytrades performed in the platform.  If you trade often you can't beat one buck for trading stocks.

You could not be more right about Tradestation.  I decided to try Tradestation instead of TDAmeritrade.  It was definitely the right decision.  I am completely sold on Tradestation's matrix order entry system.  It has more bells and whistles than anyone could ever need.  The 5000 shares a month is not that big of a hurdle to get the platform fee waived.  I've been using the lull in the market before the next leg down to learn the platform.  I'm now ready and funded for the sell off in the market which should occur later this week.  Thanks for the tip.

jackg1606:

You could not be more right about Tradestation.  I decided to try Tradestation instead of TDAmeritrade.  It was definitely the right decision.  I am completely sold on Tradestation's matrix order entry system.  It has more bells and whistles than anyone could ever need.  The 5000 shares a month is not that big of a hurdle to get the platform fee waived.  I've been using the lull in the market before the next leg down to learn the platform.  I'm now ready and funded for the sell off in the market which should occur later this week.  Thanks for the tip.

Yeah the matrix is great the only beef I had with them was not being able to put in GTC orders on futures.  But since they sent the upgrade I have no complaints.  Maybe one day I will go to one of their advanced classes to really learn what the platform is capable of.  And you are waiting like me I have had the DOW defying gravity for the last couple of weeks now.