[06:10 am] Kris : good morning traders
[06:11 am] Kris : I hope everyone had a good
weekend
[06:11 am] Kris : Today I’m watching IFF,
ROVI, SREV, JVA, VVUS, BA and CTRP for
possible longs
[06:11 am] Kris : TRGT, DDS, MFN, USG and JKS
for possible shorts
[06:12 am] Brent : good morning
[06:12 am] Kris : glad you had a good time
skydiver
[06:12 am] Kris : yes, I was under the
weather on Friday but I’m feeling better
today.
[06:16 am] Brent : we’ll see Joey, SPY is
pulling back into trendline support on the
larger timeframes 30min etc[06:26 am] Mitch
K: pretty amazing that on Saturday after
Berlusconi resigned, the futures were way up,
then I thought BUffets comments last 3 hours
steadily dropped market down
[06:28 am] Mitch K: it is really tough to get
a trend right now on swing trades. day
trading is safest way to make money now with
real time entries on an overnight swing trade
occasionally
[06:30 am] Kris : GMCR long half
[06:31 am] Kris : AMLN long half
[06:32 am] Kris : FMCN short
[06:32 am] Mitch K: watching QCOR for top to
short here
[06:34 am] Kris : CTRP long half
[06:35 am] Kris : TIBX long half
[06:35 am] Kris : watching RIMM for a
short
[06:36 am] Kris : DMND long half
[06:37 am] Kris : out half AMLN long
[06:37 am] Mitch K: consider closing QCOR
[06:37 am] Mitch K: watching QEP for bottom,
no hurry
[06:38 am] Kris : out half TIBX long
[06:41 am] Kris : out another 1/4 TIBX
long
[06:44 am] Kris : watching KMT for a long
around 38.00 support
[06:44 am] Kris : watching VMW for a reversal
short
[06:45 am] Kris : watching GMCR for a long
reversal
[06:46 am] Kris : need more money in INFA,
just watching for now
[06:46 am] Kris : watching INFA for a short
reversal
[06:49 am] Kris : ctrp[06:49 am] Kris : SPY
trying to bounce off support
[06:49 am] Kris : watching CTRP for a
re-entry long soon
[06:49 am] Mitch K: could be wrong but on
sidelines now
[06:49 am] Mitch K: i think something is
wrong with QEP, hunch, not technical
indicator, trading action is weak
[06:50 am] Kris : watching TNA for a long
soon
[06:54 am] Kris : KMT coming into support,
still watching for the long entry.
[06:55 am] Brent : watching ANR for a
bounce
[06:55 am] Mitch K: breakthrough on QEP good
sign for longs
[06:57 am] Kris : KMT long half
[06:58 am] Kris : out all TIBX long
[06:58 am] Kris : stop KMT under 37.84
[07:03 am] Kris : long second half KMT
[07:13 am] Kris : TNA coming into resistance,
look to sell some and move up your stop if
you took it long off the lows
[07:14 am] Kris : no amersaeed, that was a
quickie. in and out
[07:47 am] Kris : we’re seeing less
volatility today, slow so far this
morning.
[07:48 am] Kris : KMT could give another
.35-.40 bounce off this last run down
[07:48 am] Kris : SPY coming into lod
support, watch for another bounce with a
possible lower high at trendline resistance
before a retest and break of the lod.
[07:49 am] Kris : about the SPY?
[07:49 am] Kris : I wouldn’t look for a whole
lot more out of it past that, based on that
last lame bounce it had. looks to stay
weak.
[07:49 am] Kris : which part shark?
[07:50 am] Kris : didn’t think it was too
vague
[07:50 am] Kris : it wasn’t clear
[07:50 am] Kris : look for a weak bounce
here, then a retest and break of the lows
[07:51 am] Kris : lol[07:51 am] Kris : Stay
Classy San Diego
[07:52 am] Mitch K: not an idea now, just
showing you pattern,
[07:52 am] Mitch K: the first short is
usually the fastest and best trade. 2nd
helping shorts aren’t as reliable unless
negative market
[07:52 am] Mitch K: this is a buyout rumor
pattern on left chart
[07:58 am] Brent : SPY at trendline
resistance
[08:03 am] Mitch K: if you have a hard time
seeing a trend in a stock, move your interval
time to a longer one, like3, 4, 5 minute
chart
[08:06 am] Mitch K: what i use 15 min chart
for is get a quick picture what has been
happening with a stock last 4-5 days
[08:27 am] Mitch K: what happens in the first
90 minutes of each day is higher volatility,
faster moves, bigger profits. then after the
last obvious cycle of moves occur,
[08:27 am] Mitch K: your hold time in stocks
to get same profit percentage is much longer,
maybe your average hold time goes to 45
minutes or something on a longer interval
chart
[08:30 am] Mitch K: what kind of short
ronfrac? scalp, swing, bullshort, short
changed, short stick, short skirt
[08:54 am] Mitch K: the 2nd helping on a
buyout rumor usually takes longer. and the
safest way to play a 2nd helping is if the
stock doesn’t exceed the first high, see WLT
on left chart
[09:19 am] Mitch K: good eye on FIO shark
[10:03 am] Mitch K: FIO has good chance at
tradable bounce long
[10:06 am] Mitch K: odds are strong FIO would
have bounced for two reasons: 1) indicators
started turning up on 2 min and 2) market is
down and FIO is up. If market indexes turn
up, FIO should be lifted with the incoming
tide
[10:21 am] Mitch K: another real healthy
chart pattern today is PAY, higher highs,
shallow pullbacks
[10:21 am] Mitch K: started from opening
today and still continuing, at high of day
today
[10:30 am] Mitch K: not made higher highs on
last one and came all the way back down to
where it started, write that down in your
notes, not high odds idea now
[10:30 am] Mitch K: now this little pause
here in FIO, i don’t trust it, not near as
powerful as PAY, avoiding the FIO long now,
no 3rd helping
[10:31 am] Mitch K: new high in PAY
[10:31 am] Mitch K: you guys getting this,
very shallow pullback in PAY, you guys
probably kept it from coming back to 43.60
[10:32 am] Mitch K: It pays to understand PAY
chart
[10:32 am] Mitch K: you want me keep talking
about this PAY?
[10:33 am] Mitch K: now what time ryan?
[10:33 am] Mitch K: what chart interval and
indicator ryan70 did you have for PAY, what
time on chart?
[10:34 am] Mitch K: name specific candle time
ryan[10:35 am] Mitch K: ok Ryan, i hear you
saying you missed the long entry on PAY at
10:29 pacific time, right?
[10:36 am] Mitch K: ok, well, probably
highest probability thing to do is consider
half your planned long position when PAY goes
to new high, like right here and other half
on pullback to 43.90
[10:36 am] Mitch K: something like that
[10:37 am] Mitch K: now, to watch this
without getting emotional, which is our main
enemy, is to switch to a 3 min chart
[10:38 am] Mitch K: starring at 1 min charts
long enough is like when a dog stares at a
nicely cooked steak on a plate in front of
him. After salivating, eventually he will
eat it
[10:39 am] Mitch K: right apple, now i have
two
[10:41 am] Mitch K: PAY should pullback so
consider selling
[10:41 am] Mitch K: probably pulls back 30-40
cents, around 1%
[10:44 am] Mitch K: basically i would look
for something like this in the blue circle
[10:44 am] Mitch K: so maybe we see PAY
pullback to $43.75 and then you have to wait
for a while until another signal to go long.
just because it goes to 43.75 does not mean
it is ready to buy at that moment
[10:45 am] Mitch K: no Ryan, i don’t like
shorting the stocks that have big runs up and
small pullbacks. In the case of PAY, it’s
over a 2 to 1 run on the long side vs. the
pullback
[10:45 am] Mitch K: understand?
[10:46 am] Mitch K: and humans tend to have
shorter and shorter attention span and less
discipline. you can blame that with all the
technology and information we all have to
process each day
[10:46 am] Mitch K: this is what you get this
time of day, takes longer and requires more
discipline
[10:46 am] Mitch K: what were we talking
about just now?
[10:47 am] Mitch K: no ryan, doesn’t turn up
now, it’s likely to follow that blue line,
that’s what i am looking for
[10:48 am] Mitch K: be back in 20 min
[11:09 am] Brent : thx Rusty for IDCC, I was
late to see it, but good one
[11:57 am] Brent : SPY at lod[12:00 pm] Mitch
K: ok now you see the PAY now on this 3 min
chart?
[12:01 pm] Mitch K: give me 5 min and i will
explain something but basically ready for a
bottom
[12:05 pm] Mitch K: that’s my target price,
this is where i close the long on PAY
[12:08 pm] Mitch K: was that cool or what
[12:14 pm] Mitch K: no ryan, you have to read
my earlier comments, you have to wait but
basically we only have 45 minutes left and it
won’t be enough time
[12:16 pm] Mitch K: RYan, or anyone else, you
learn to do what I’ve been talking about with
FIO or PAY, manage the trade, but especially
control your emotions, you can do this with
about 4 or 5 stocks at a time
[12:24 pm] Mitch K: I’ve simplified a lot
ryan since Wizard was written, changed
settings and reduced the number of
indicators
[12:29 pm] Mitch K: interesting as a short
but may not have enough time, be careful, not
heavy, and probably best to sit on side
[12:30 pm] Mitch K: but only 30 min left
[12:30 pm] Mitch K: it’s got the volume
pattern we like and price
[12:34 pm] Mitch K: not worth dealing with
WLT,
[12:34 pm] Mitch K: why throw away a
profitable day with bad trade, no time
[12:35 pm] Mitch K: come on admit it, am I
right or right?
[12:35 pm] Mitch K: don’t be desperate to
make money on this, i can read your minds
[12:36 pm] Mitch K: i am not only your coach
but counselor
[12:37 pm] Mitch K: hear what candles said?
i said the same, “ah, I’ll keep doing what I
am doing, working on something else on
another computer”
[12:37 pm] Mitch K: nice to hear shark
[01:00 pm] Brent : have a good night, see you
tomorrow
[01:12 pm] Mitch K: study, analyze, learn,
practice, repeat
[01:12 pm] Mitch K: you know what is really
cool about all you guys and girls?
[01:12 pm] Mitch K: you are doing what 99.9%
of the population are not willing to do
11/4/2011
|
[06:13 am] joeytsa : AAPL already falling
[06:14 am] joeytsa : is it me or does the
market seem like its tip-toeing thru a mine
field premarket?
[06:17 am] joeytsa : Lowes quarterly profit
drops
[06:19 am] ronfrac : Morning. Have you
looked at GMCR for a long?
[06:21 am] joeytsa : ron: GMCR hasn’t been
this low since march
[06:22 am] joeytsa : BTI down about $2
pre
[06:22 am] joeytsa : low vol[06:25 am]
joeytsa : also watching GS,BIDU,AMZN,PCLN
today
[06:27 am] joeytsa : JCP might turn into a
swing short
[06:31 am] joeytsa : HMSY quick spike
[06:31 am] doji : Too late GMCR
[06:31 am] mhaus : JCP
[06:33 am] joeytsa : CRM
[06:34 am] doji : GMCR
[06:34 am] rusty : SPANISH 30-YEAR BOND
YIELD RISES TO 6.69%, HIGHEST ON RECORD
[06:34 am] rusty : watch STD
[06:34 am] doji : CTRP L
[06:35 am] chinhngo : joey long or short
crm?
[06:35 am] doji : PANL
[06:35 am] joeytsa : was just alerting the
fall
[06:36 am] lara : JKS halted news pending
[06:38 am] mhaus : QEP
[06:39 am] joeytsa : BIDU hod[06:40 am] doji
: QEP keep falling
[06:40 am] joeytsa : all out CTRP s 🙂
[06:41 am] doji : QEP reversing
[06:41 am] joeytsa : somehow missed that 1st
bounce though
[06:41 am] doji : Me to Joey
[06:41 am] aussie123 : LVS
[06:41 am] doji : BIDU flying
[06:41 am] doji : QEP resumes downtrend
[06:42 am] joeytsa : all out BIDU
[06:42 am] doji : BIDU S here
[06:42 am] doji : 139.48
[06:42 am] doji : tight stop
[06:45 am] doji : SPY new lod[06:45 am]
skydiver : LNG – take over chatter
[06:46 am] doji : out 1/2 BIDU
[06:46 am] joeytsa : LCAPA ran, then pulled
back..see if it sets up another move
[06:47 am] lightning : QEP trying, but I’m
not yet confident in it.
[06:47 am] lightning : GMCR bouncing
[06:47 am] doji : Moving second 1/2 BIDU at
be
[06:48 am] doji : all out BIDU S
[06:49 am] joeytsa : SINA dropped at open,
but has looked strong since..indis are
high..
[06:50 am] joeytsa : s NFLX tight stop
[06:50 am] mikewd2 -: out QEP +0.55 thanks
Mitch
[06:51 am] joeytsa : s GS
[06:51 am] doji : CTRP
[06:52 am] apple : joey, i was watching SINA
as well
[06:53 am] joeytsa : lowered stop on NFLX
[06:54 am] doji : Weak rebound in the SPY
[06:54 am] apple : NFLX nice joey
[06:54 am] joeytsa : stopped on NFLX
+50cents
[06:54 am] joeytsa : just stopped on GS also
+60cents
[06:56 am] doji : GMCR lod[06:56 am] joeytsa
: ALXN hod[06:58 am] joeytsa : AMZN with
the gap close
[06:59 am] apple : nice one on AMZN
[07:00 am] joeytsa : nice quick one
[07:00 am] joeytsa : SINA coming back to
earth
[07:01 am] doji : Joes, did you shorted
ALXN?
[07:01 am] skydiver : alxn[07:02 am] joeytsa
: took my eyes off it, but it was nice
[07:02 am] joeytsa : was too busy following
my JCP short
[07:02 am] doji : I missed your post, had my
eyes on GMCR
[07:03 am] doji : Big candle in the SPY, any
news?
[07:03 am] mikewd2 -: out CTRP, not liking it
long
[07:03 am] joeytsa : JOYG looked a little
weak to me on that lower high
[07:04 am] joeytsa : closing JCP
[07:05 am] joeytsa : missed a nice 2nd short
in CTRP
[07:06 am] joeytsa : watching ATI [07:07 am]
mikewd2 -: stopped on KMT
[07:09 am] doji : It is a very slow
day…
[07:10 am] ryan70 : KMT stopped
[07:10 am] joeytsa : PCLN has been a
monster
[07:10 am] shailan : AMZN always amazing
[07:10 am] doji : SLB L
[07:11 am] apple : DECK moving up
[07:11 am] joeytsa : yeah shailan…left a
ton of money on that one
[07:11 am] lightning : gotta go. Thanks TSA
and everyone. See you Wednesday
[07:12 am] apple : nice one AMZN
[07:12 am] doji : AMZN should be a good
short
[07:13 am] joeytsa : out ATI 27cents
[07:13 am] amersaeed : Kris.. you still
short on FMCN..??
[07:16 am] apple : FMCN turned into a nice
reversal
[07:16 am] joeytsa : anyone catch ATI
reversal
[07:16 am] shark : JKS on CNBC
[07:16 am] joeytsa : tighten stop if so
[07:17 am] apple : joey, did you take JOYG
S?
[07:17 am] joeytsa : of course not
haha[07:18 am] joeytsa : i got locked on
ATI
[07:18 am] apple : missed that one too
[07:19 am] joeytsa : i got that one both
ways..just trailing the short right now
[07:19 am] apple : good for you, i’m just
clicking away at screens…today
[07:20 am] joeytsa : WLT trying for
hod[07:20 am] mikewd2 -: WLT takeover chatter
again
[07:20 am] joeytsa : closing ATI to recycle
money somewhere else
[07:22 am] joeytsa : CME been pretty weak
all morning..not the highest vol stock
though
[07:28 am] joeytsa : WYNN has been pretty
strong so far
[07:29 am] observer : ROVI hod[07:29 am]
rusty : DMND lod[07:29 am] joeytsa : DMND
with the fleas
[07:29 am] apple : WYNN very nice
[07:30 am] joeytsa : yeah apple, just
following that ma right up
[07:30 am] joeytsa : looks like it might
want to pullback a bit here
[07:30 am] shark : AAPL about to re-test
lod[07:30 am] joeytsa : NFLX lod[07:31 am]
shark : interesting, interesting
[07:31 am] joeytsa : NFLX sitting on
support..look to see if it break down
[07:32 am] shark : might be all the gap
filling in can handle
[07:32 am] joeytsa : on NFLX?
[07:33 am] shark : yeah
[07:33 am] joeytsa : bounced right off of
pivot
[07:34 am] joeytsa : my lightspeed pivots
are set a bit differently than my schwab
pivots..hmmmm[07:34 am] shark : hmmmm[07:34
am] joeytsa : but both seem accurate??
weird
[07:35 am] joeytsa : schwab pivot at 86.50,
ls at 86
[07:35 am] joeytsa : but both have acted as
support, possible res areas
[07:36 am] shark : I’ve got 86.463
[07:36 am] apple : to the decimal, shark
[07:36 am] joeytsa : that’s about right
[07:36 am] joeytsa : i don’t have values
listed..just eyeballing
[07:37 am] shark : my software puts it on
[07:38 am] joeytsa : ATI turned into a nice
short..got out too early once again..just
broke thru prev cl
[07:38 am] mikewd2 -: CJES great 10 day
chart
[07:38 am] mikewd2 -: my largest holding
[07:39 am] apple : excellent, mike – now you
tell us!!!
[07:39 am] joeytsa : 22 seems like big area
of res
[07:39 am] mikewd2 -: I’ve mentioned them a
bunch
[07:40 am] joeytsa : on CJES mike
[07:40 am] mikewd2 -: IPO’ed at 30 a few
months ago
[07:40 am] mikewd2 -: hoping to get back
there at some point
[07:41 am] joeytsa : it’s gotta bust thru 22
first
[07:41 am] shark : nice capitulation bottom
on the daily at $13.50, mike – CJES
[07:41 am] mikewd2 -: yep
[07:41 am] joeytsa : then 25,28 areas
[07:41 am] mikewd2 -: my lowest purchase was
13.67
[07:41 am] eyes : Kris what was your signal
for second half long KMT
[07:42 am] shark : WOW! WAY TO GO,
mike!!!
[07:43 am] shark : good fundamentals at
these levels, mike?
[07:43 am] mikewd2 -: eyes, u watching KMT to
get back in?
[07:43 am] eyes : no
[07:43 am] mikewd2 -: shark, did u see their
earnings, still hiring like crazy, high
margins on fracturing.
[07:44 am] shark : I’m going to review it
today
[07:45 am] mikewd2 -: let me know what you
think
[07:45 am] shark : you got it!
[07:45 am] doji : Did anyone shorted AMZN on
my post at 10:12 ET?
[07:45 am] mikewd2 -: Kris: second go at KMT?
or leave it alone.
[07:46 am] doji : I got a piece at 221.97and
still holding
[07:47 am] mikewd2 -: Kris, thoughts on
KMT?
[07:47 am] doji : Closing here 1/2 position,
$2.01 profit
[07:47 am] doji : Will trail the second
half
[07:48 am] shark : that sounds almost like a
weather forecast, Kris
[07:50 am] shark : yes SPY reports…
[07:50 am] mhaus : CTRP
[07:50 am] doji : Even I could understand
your post
[07:50 am] apple : he was just funnin’ ya,
K
[07:55 am] apple : SOHU lod[07:58 am] shark
: AAPL new lod[08:07 am] joeytsa : good use
of the 15min Mitch
[08:21 am] rusty : TPCG radar….low volume
but worth watching
[08:21 am] Mitch K: what are you doing Rusty,
looking for bullshorts or something?
[08:21 am] rusty : you can tell huh?
lol[08:22 am] Mitch K: I thought I was the
only bs’er[08:22 am] joeytsa : BWA lod[08:22
am] qwert : gotta go everybody routers
acting up gonna go buy a new one see ya in
the am or maybe later today
[08:23 am] apple : i like TPCG chart
[08:23 am] richard : nice move on PAY
today…low volume
[08:24 am] rusty : ASTM
http://www.thestreet.com/story/11309662/1/aas
trom-cell-therapy-reverses-effects-of-blocked
-leg-arteries.html
[08:24 am] rusty : currently halted
[08:24 am] eyes : PAY
[08:24 am] apple : very nice richard
[08:24 am] ronfrac : Mitch: How does CTRP
look for a short?
[08:25 am] rusty : CTRP currently hammer +
volume on the daily chart
[08:26 am] joeytsa : rusty: you think CTRP
has some upside?
[08:26 am] ronfrac : Rusty; Explain
hammer+vol[08:27 am] joeytsa : i see maybe
small upside, but then continuation of the
downtrend
[08:28 am] joeytsa : and that’s where my
patience usually leaves the room
unfortunately
[08:33 am] joeytsa : esignal users : i
assume they offer pivot points, if anyone
uses them do they seem accurate? i want to
switch to esignal in the coming weeks
[08:36 am] rusty :
http://www.pivotpointcalculator.com/
[08:38 am] ronfrac : Mitch: The 3 min and 2
min stoc turned down but it looks like a lot
of supporting the 30.05-30.20 area.
[08:39 am] mhaus : KMT moving up
[08:39 am] rusty : ARSD another low volume
bullshort type
[08:42 am] ronfrac : Re: ctrp -also the 5 MA
on the 3 min is trending up while on the 2
min it is trending down
[08:42 am] eyes : did anyone get PAY
[08:43 am] apple : no
[08:43 am] joeytsa : ron, let it break thru
support if you are going to short
[08:46 am] joeytsa : stock history: i
believe it was 39 yrs ago today was the 1st
time the dow closed above 1000
[08:46 am] rusty : AMRN radar
[08:46 am] mhaus : HD
[08:46 am] rusty : Analyst $25 target
AMRN
[08:47 am] rusty : for what it’s worth
[08:47 am] joeytsa : that must have been him
who stocked up at 18 haha[08:48 am] rusty :
AMRN presenting new data tomorrow
[08:48 am] rusty : ASTM reopens at noon
[08:48 am] joeytsa : interesting..AMRN
sitting right where it was b4 that big gap
end of april[08:49 am] rusty : everyone
loved AMRN at 20
[08:49 am] joeytsa : gapped up and that
analyst loaded up haha[08:49 am] apple :
thx rusty for AMRN and ASTM
[08:53 am] ronfrac : JOEY: The 70’s were
just a wild as today. When the Dow broke 1000
they had to close the NYSE the next day to
process the paperwork. This happened alow in
the early 70’s. They had to ramp up the new
paper processing machines called computers
[08:54 am] joeytsa : nice info ron[08:55 am]
ronfrac : I was a broker at Dean Witter in
NYC.
[08:55 am] apple : really… interesting
facts
[08:55 am] joeytsa : 1965 dow was 874, 1981
dow was 875…so much for buy and hold hah
[08:56 am] joeytsa : good point Mitch
[08:56 am] ronfrac : Dow tanking
[08:57 am] stevemld : CRM at some support
watching for breakthrough
[08:57 am] rusty : Dow 2000 11,790 Dow
2011 12081
[08:57 am] rusty : +300 points in 11
years
[08:58 am] apple : steady as she goes…
[08:58 am] rusty : some days the market
moves more than 300 points
[08:59 am] rusty : TLT hod[08:59 am] rusty
: ASTM about to open
[09:00 am] rusty : ASTM open
[09:01 am] ronfrac : Mitch; I liked your
question on what type of short. I’m usually a
bull short and into short skirts. However I
don’t swing but have a short stick and
therefore short changed.
[09:01 am] rusty : ronfrac = George
Carlin?????
[09:02 am] joeytsa : ron: nice short when it
broke support
[09:03 am] ronfrac : I got stopped once but
short again at 29.81
[09:07 am] ronfrac : A second helping
usually takes longer but usually doesn’t
reach the first high
[09:13 am] shark : FIO alert
[09:13 am] shark : FIO ALERT
[09:14 am] shark : up on CNBC mention
[09:15 am] apple : FIO reversed at noon
[09:19 am] stevemld : FIO no short shares @
tradestation[09:27 am] joeytsa : the
republican presidential candidates held a
debate in michigan…just what michigan
needs, 12 more people looking for a job
🙂
[09:27 am] joeytsa : MI has been hit
terribly hard
[09:30 am] joeytsa : CMG lod[09:30 am] shark
: yeah…
[09:33 am] joeytsa : really glad i closed my
short on ATI haha, another moron mistake
haha[09:35 am] shark : SPY new lod[09:37 am]
stevemld : WYNN tanking
[09:41 am] apple : good job, joey…
[09:43 am] joeytsa : FIO nice higher high
[09:43 am] shark : Wozniak owns some,
believes in co. – FIO
[09:46 am] joeytsa : just blasted thru R2
[09:47 am] shark : & R3 at 35.7 – FIO
[09:47 am] joeytsa : mine doesn’t list
anything after r2 sadly
[09:47 am] shark : eSignal, here comes
joey!
[09:48 am] joeytsa : yeah..i really need to
get with the program
[09:49 am] amersaeed : FMCN shorts are
killing me..
[09:50 am] joeytsa : since that 1st early
drop FMCN has been strong
[09:50 am] rusty : GEOY radar
[09:50 am] Brent : did you not use a stop
amersaeed?
[09:51 am] amersaeed : No
[09:51 am] rusty : cancel GEOY volume too
light
[09:51 am] shark : a little thin, rusty.
[09:52 am] joeytsa : good lesson learned
amersaeed…guess you didn’t read my book
🙂
[09:52 am] Brent : gotta use stops guys. No
reason to take that much heat.
[09:52 am] apple : see joey, there is a book
in there somewhere…
[09:53 am] joeytsa : yeah..one of these
days
[09:53 am] Brent : know your risk before you
enter. Know where your stop is going to be,
and place it as soon as you are filled. It
wouldn’t be talked about so much if it wasn’t
important
[09:54 am] joeytsa : agreed Brent
[09:54 am] shark : Not having a stop, is
like buying a car with NO BRAKES!!!
[09:55 am] apple : good one, shark — so
right!!!
[09:55 am] Brent : yeah, except the market
doesn’t have guardrails
[09:56 am] amersaeed : thanks Brent
[09:56 am] joeytsa : once it held S! it
looked pretty strong
[09:56 am] joeytsa : S1
[09:56 am] Brent : just a friendly reminder
amersaeed, not trying to be hard on you
[09:56 am] lisas : tough love
[09:57 am] amersaeed : I understand
[09:57 am] joeytsa : we’ve all don’t that
amer[09:58 am] joeytsa : i still do it from
time to time
[09:59 am] jaiketrader : Brent What stops to
you use .25 or % of the stock ?
[09:59 am] Brent : depends on where support
and resistance is jaiketrader. I don’t use a
set %
[10:00 am] jaiketrader : So it is based on
support and resistance
[10:23 am] chinhngo : SHORT ON PAY?
[10:24 am] Mitch K: no chingo[10:24 am]
chinhngo : THANK MR MITCH
[10:24 am] Mitch K: it’s an uptrending stock
that makes new highs, it is a stock i look
for a long on a shallow pullback, using
indicators and watching market indexes at
same time
[10:32 am] ryan70 : Mitch, I missed PAY long
coz indicators were down when it turned
up.
[10:32 am] apple : yes, thx MK
[10:32 am] apple : sure
[10:33 am] chinhngo : YES PLLEASE
[10:33 am] go4it : affirmative
[10:33 am] ryan70 : 1 min for entry as you
said
[10:34 am] ryan70 : 6 min ago
[10:34 am] ryan70 : 10:29 PST
[10:35 am] stevemld : PAY nice call Mitch
[10:36 am] ryan70 : Yes
[10:39 am] apple : i remember seeing that
picture of your dog staring…
[10:41 am] ryan70 : Go short PAY?
[10:44 am] apple : thx MK
[10:45 am] ryan70 : Yes, I’ll wait until
43.75
[10:46 am] ryan70 : to go long
[10:46 am] ryan70 : PAY turns up now?
[10:47 am] ryan70 : OK thx Mitch
[10:56 am] rusty : IDCC radar
[11:01 am] chinhngo : SHORT IDCC MR
RUSTY?
[11:02 am] mllamas -: great eye on IDCC
rusty
[11:09 am] joe12 : thanks I was here until
april and trying the week thanks seems as
good as ever
[11:17 am] apple : joe did you have a
different name?
[11:22 am] joe12 : yes gutto[11:22 am] Brent
: lol[11:22 am] Brent : GUTTO
[11:23 am] Brent : welcome back
[11:44 am] joeytsa : so with the euro
problems, the US issues including 11/23 vote,
and iran nuke situation…hard to tell which
is going to jump off first
[11:45 am] joeytsa : those are 3 huge
weights on the markets
[11:45 am] apple : i hope they are not
anchors…
[11:46 am] joeytsa : me either, and all 3
don’t look like happy endings
[11:46 am] apple : daytrading is the only
answer…
[11:46 am] joeytsa : oil would scream higher
on the iran deal
[11:47 am] joeytsa : i don’t think israel
will take any chances
[11:48 am] apple : no
[11:48 am] ronfrac : Mitch: PAY is now
showing lower hi’s and lower lows. Time to
consider short.
[11:50 am] ronfrac : That was a ?.
[11:51 am] joeytsa : indis are low on PAY,
but its trending down
[11:52 am] rusty : CUB radar
[11:52 am] joeytsa : FDX looks like it want
a new low
[11:53 am] joeytsa : i used to use FDX as a
market indicator, got away from that one also
for some reason
[11:54 am] apple : Thanks, MK, K and B (feel
better) and everyone for another fun day.
Everyone have a great evening. SEe you
tomorrow.
[11:59 am] Brent : thx apple, see you
tomorrow
[12:01 pm] joeytsa : yep
[12:01 pm] ryan70 : PAY turning up now?
[12:01 pm] shark : ok
[12:08 pm] shark : TOTALLY COOL! 🙂
[12:08 pm] joeytsa : it ROCKED 🙂
[12:09 pm] skydiver : Wow! Mitch is right
on! Just jumped on for a minute and fun to
see
[12:09 pm] shark : These trade’s live, make
my day here!
[12:10 pm] joeytsa : yeah shark
[12:12 pm] joeytsa : even if you just caught
the middle of that move..have to work
8hrs/$40 hr to get that
[12:12 pm] mhaus : ALXN
[12:12 pm] joeytsa : nice mhaus[12:13 pm]
ryan70 : Mitch, PAY went up and dropped
suddenly. Can we go long again?
[12:14 pm] joeytsa : low volume day?
[12:14 pm] ryan70 : Thx Mitch
[12:15 pm] mhaus : 40 cents is not bad
[12:16 pm] joeytsa : AAPL lod[12:16 pm]
joeytsa : 40cent is nice, especially when it
comes quick
[12:18 pm] ryan70 : Yes Mitch, I entered PAY
earlier than you said coz impatient
[12:18 pm] joeytsa : Mitch: besides what you
wrote earlier on PAY…would that lower high
also keep you from going long?
[12:22 pm] ryan70 : Mitch, stoch settings
are different from Wizard DVD on scalping. I
didn’t see %W either.
[12:25 pm] ryan70 : But the concept is the
same, right?
[12:28 pm] mhaus : MKTG
[12:29 pm] joeytsa : WLT hod[12:29 pm] lisas
: ryan, they have changed setting they are
using from when the dvd’s were done. Mitch
doesn’t use % w anymore.
[12:30 pm] lisas : use setting you see on
their charts now
[12:30 pm] mhaus : agreed. not much money
[12:31 pm] mhaus : SIMO
[12:31 pm] joeytsa : PAY trying for
hod[12:35 pm] joeytsa : i see 3 inside bars
forming
[12:36 pm] candelas : now a year ago, forget
about it
[12:36 pm] shark : thx to you, my wallet is
fatter this year, Mitch!
[12:41 pm] joeytsa : anyone see the cnbc
interview with the guy from the $1M portfolio
challenge?
[12:41 pm] joeytsa : they ask him what he is
doing…he says FAZ,SDS,TLT….
[12:41 pm] shark : got a link, joey?
[12:42 pm] joeytsa : host goes ” do you are
bullish on long term equities? Are you longer
term bullish on the uS market?
[12:42 pm] joeytsa : guy repeats himself and
says no, i don’t like anything long….
[12:42 pm] joeytsa : end of interview
hahaha[12:43 pm] candelas : 2funny
[12:46 pm] candelas : what would really be
funny is if he said I am neutral, I am a
trader I take what comes to me long/short
[12:47 pm] joeytsa : they only want someone
to say s&p 1500 🙂
[12:47 pm] candelas : or buy buy buy[12:47
pm] joeytsa : he comes on at 3 haha[12:48
pm] joeytsa : re: WLT…double top on neg
div made a quickie short for those who didn’t
listen to mitch[12:48 pm] Mitch K: is rusty
around?
[12:48 pm] Mitch K: yea i see that joey
[12:48 pm] Mitch K: i am not really
interested in it now,
[12:48 pm] joeytsa : but i didn’t take
it…i listened to you
[12:49 pm] joeytsa : wasn’t worth the risk
like you had mentioned
[12:49 pm] joeytsa : would have jumped on it
if it was 7am though
[12:49 pm] dan : Brent, paper trading chart
suppose to be delayed?
[12:49 pm] joeytsa : IOC dumping
[12:50 pm] Brent : which platform dan?
[12:50 pm] joeytsa : broke support around 48
and tanked
[12:50 pm] dan : think or swim
[12:51 pm] candelas : yep, walk down memory
lane, u take it short, market spikes, u get
stopped, then its revenge time., and u run
out of time, then ur pissed cuz u gave
profits away. Of course this is not what u
want
[12:51 pm] Brent : it might be, but I’m not
sure, I haven’t used that one
[12:51 pm] joeytsa : don’t remind me
candelas
[12:51 pm] mhaus : TOS should be live quotes
with paper trade too
[12:52 pm] joeytsa : but IOC was worth $5
the past 20 minutes
[12:53 pm] dan : i use tos too, but it seem
like 15 mins delayed in prices
[12:53 pm] shark : IOC -reports after
close.
[12:53 pm] shark : Hmmm…..cat get out of
the bag?
[12:54 pm] mhaus : NILE
[12:54 pm] joeytsa : hmmmm[12:54 pm] joeytsa
: hmmmm[12:57 pm] derns : IOC…looks like
someone may know something….I hate that!
[12:57 pm] joeytsa : derns: they wouldn’t do
that would they? 🙂
[12:57 pm] derns : only those in Congress
are permitted to do that!
[12:58 pm] joeytsa : $5 drop and almost a $4
pop
[12:58 pm] mhaus : Derns, did you watch 60
minutes
http://www.cbsnews.com/8301-18560_162-5732352
7/congress-trading-stock-on-inside-informatio
n/
[12:59 pm] stevemld : good day guys thanks
for all the help see everyone tomorrow
[01:00 pm] richard : Goodbye
everyone…enjoyed the day…C U T
[01:00 pm] go4it : good call Mitch
[01:00 pm] joeytsa : one of the lowest
volume days of the year
[01:02 pm] Mitch K: candles
[01:02 pm] Mitch K: got something funny
[01:05 pm] ryan70 : Today I tried to
interpret your terms such as buy out rumor,
near lod, bounce etc, what action should be
taken?
[01:06 pm] taco : hey ryan, mention you are
new tomorrow morn and Kris will let you know
what their terms mean
[01:07 pm] joeytsa : each is an individual
case ryan….
[01:07 pm] ryan70 : Joeytsa low volume means
no good for trading? Which volume? The whole
market?
[01:07 pm] joeytsa : lod (low of day) can
either be construed as a possible bottom to
maybe look for a long, OR it may be a huge
sign of weakness to add to a short
[01:07 pm] taco : generally they are
watching stocks and post them for us to watch
and choose ourselves our own entries if at
all…
[01:08 pm] joeytsa : i usually avoid low
volume stocks…but others can do well with
them
[01:09 pm] joeytsa : taco is
correct..usually the alerts are just that
[01:10 pm] Mitch K: oh you guys trading
something aftermarket?
[01:10 pm] joeytsa : no..i was trying to see
if IOC was going to do something off of that
big move at the end
[01:10 pm] ryan70 : I long GMCR, KMT, CTRP
but all stopped out.
[01:11 pm] ryan70 : in this morning
[01:12 pm] lisas : ryan, maybe someone
mentioned this, but unless you are already an
experience trader, only paper trade, or
simulator trade to start,
[01:12 pm] ryan70 : It was scary,
fortunately I’m in sim[01:13 pm] taco : ryan
go to the documents box in bottom right of
trade room
[01:13 pm] joeytsa : constant learning
Mitch
[01:13 pm] taco : start simming with the
best they recommend
[01:14 pm] taco : that’s what they recommend
for day trading, what mitch kris and brent
use
[01:15 pm] ryan70 : Do you mean
broker-software package?
[01:15 pm] taco : yes
[01:16 pm] taco : that’s what is best for
day trade executions and brokerage
commissions
[01:16 pm] taco : what’s makes these guys so
fast and profitable along with their
experience
[01:17 pm] taco : i’m new too eh
[01:17 pm] taco : I’m simming ninja with
IB
[01:17 pm] taco : it’s amazing
[01:17 pm] joeytsa : well I’m out,
everyone have a great day…thank you Mitch,
Brent and Kris
[01:18 pm] joeytsa : time for research 🙂
|
Web Special
