[06:03 am] Ed : good morning traders
[06:13 am] Ed : potential plays (EXPE
46.5long, short44.30) (NFLX 72.80long, short
70.4) (WLT 52.20 long, short 49.30) (RHT
53.30 short, 55.60 long) (TPX 46.60 short,
48.60 long) (CRZO 24.60 short, 26.70 long)
for breakout/breakdown must have convencing
vol to take the prices entere
[06:14 am] Ed : advanced traders can play
prior to entries once get signal
[06:28 am] Mitch K: just stay with the number
of trades you can handle at once, whether it
is 1 or more
[06:28 am] Mitch K: Try to be ready because
most of the best ideas occur in the first
hour
[06:28 am] Mitch K: It looks like we are
going to have good trades both ways long and
short.
[06:29 am] Mitch K: you want to think in
terms of rifle shots as opposed to shotgun
approach.
[06:32 am] Ed : monitoring LNKD for bottom
be patient
[06:34 am] Ed : monitoring WRC for potential
short be patient let it run some more
[06:34 am] Ed : monitoring SBAC for
potentital short
[06:39 am] Mitch K: watching INFA for
bounce
[06:39 am] Mitch K: watching CREE for
bounce
[06:39 am] Mitch K: watching CHKP for
bounce
[06:40 am] Mitch K: healthcare sector moving
up, watching AET for top to short
[06:40 am] Mitch K: watching for short in
SBAC soon, prefer 53 area
[06:40 am] Mitch K: watching UNH for top to
short
[06:41 am] Mitch K: watching RHT for bottom
to buy
[06:41 am] Mitch K: watching KORS for bottom
to buy
[06:41 am] Mitch K: CI is another healthcare
running
[06:41 am] Mitch K: also watch healthcare
stock HUM for top to short
[06:42 am] Mitch K: watching WPRT for bottom
to buy
[06:42 am] Mitch K: watching GLNG for bottom
to buy
[06:42 am] Mitch K: ROSG bullshort candidate
soon, for experienced traders
[06:43 am] Mitch K: missed BRS bottom but
watch for top to short
[06:44 am] Ed : reduce more LNKD long
[06:44 am] Mitch K: watching OVTI for bottom
to buy
[06:44 am] Ed : reduce LNKD if u took long
[06:46 am] Mitch K: missed PAY bottom but
watching for top to short
[06:48 am] Mitch K: consider selling 1/3rd of
KORS Long; be flexible
[06:49 am] Mitch K: watching UNH closer for
short
[06:49 am] Mitch K: watching WLP for short,
another health care
[06:49 am] Mitch K: consider covering half of
HYUM short
[06:50 am] Mitch K: consider selling rest of
IMPV long
[06:50 am] Mitch K: watching CVLT for bottom
to buy; low vol
[06:51 am] Mitch K: monitoring MNRO for top
to short
[06:51 am] Mitch K: watching VFC for topt o
short
[06:51 am] Mitch K: monitoring PVH for top to
short; take time
[06:52 am] Ed : if u took SBAC short consider
covern some
[06:52 am] Ed : getting breakdown in SPY
[06:52 am] Mitch K: WPRT too weak to buy,
[06:53 am] Mitch K: watching PAY for another
bottom, watching for 45 area
[06:53 am] Mitch K: watching FLO for top to
short
[06:54 am] Ed : covern more SBAC short
[06:54 am] Mitch K: watching COH for bottom
to buy
[06:55 am] Mitch K: watching WLP closer for
top; still take longer
[06:55 am] Mitch K: prob forgot to post BBBY
but look for 71.60 to cover if short
[06:55 am] Mitch K: looking for 141 area to
cover VFC, be flexible
[06:57 am] Mitch K: watchign GDOT for top to
short
[06:58 am] Mitch K: consider selling most of
CHKP if long
[06:58 am] Mitch K: more downside on ABX;
prefer bounce toward 40 first
[06:59 am] Mitch K: watching AET closer to
cover soon
[06:59 am] Mitch K: watching VMW for bottom
to buy
[07:00 am] Mitch K: watching KORS closer to
sell remaining long
[07:00 am] Ed : getting bounce in SPY
[07:03 am] Mitch K: did i say i like MNRO
short
[07:03 am] Mitch K: im a little late to see
the top but still good
[07:03 am] Mitch K: MNRO toppy, good short
[07:04 am] Mitch K: cover BBBY if short
[07:04 am] Mitch K: looking for 68.25 area to
cover WLP short
[07:06 am] Mitch K: monitoring EMC for bottom
to buy
[07:07 am] Mitch K: looking for UNH to go
under $56 to cover short
[07:07 am] Mitch K: little more downside on
AET but cover soon, very soon
[07:08 am] Mitch K: still watching CVLT for
bottom
[07:13 am] Mitch K: missed LULU bottom but
watchign for a top to short, 2nd helping
top
[07:15 am] Mitch K: consider selling most of
KORS if long
[07:17 am] Mitch K: little more downside on
WLP to cover short
[07:21 am] Mitch K: still watching COH for
2nd helping short, getting closer
[07:23 am] Mitch K: consider covering GDOT if
short
[07:24 am] Mitch K: same with other health
stocks like AET, UNH, HUM, CI
[07:24 am] Mitch K: WLP still ok to hold open
but getting closer
[07:25 am] Mitch K: the healthcare stocks all
stick together when trading with news
[07:27 am] Mitch K: i think what happens is i
put up a chart, dont post it yet thinking i
will come back to it and post when it gets
better, then get distracted by many other
stocks
[07:27 am] Mitch K: cant remember if i talked
about BRS this morning, was a long and then a
short. weird, i have it on my charts but
dont see i posted. can you fire me yet
[07:28 am] Mitch K: i think it is more of a
procedure problem rather than a mental health
problem
[07:30 am] Mitch K: monitoring TEX for
bottom, its a slow motion type of bottom
[07:31 am] Mitch K: lol, sure is weird
talking about what kind of bottoms
[07:35 am] Mitch K: when you get such a steep
fast drop like we had in the health care
stocks you should watch for a bounce to go
long
[07:36 am] Mitch K: UNH, CI and HUM look
best. but keep watching AET and WLP too
[07:36 am] Mitch K: ok now what you do is
watch for a short, a 2nd helping short
[07:38 am] Mitch K: SPY almost high of day
[07:49 am] Mitch K: HUM tends to be the
fastest and earliest mover of the health care
stocks
[08:23 am] Mitch K: lol, i tried to tell you
in earlier [07:52 am] Mitch K: on the first
big drop you can scalp it long.” i just
forgot to press CAPS LOCK
[07:52 am] Mitch K: on the first big drop you
can scalp it long
[07:52 am] Mitch K: careful with ROSG, its
what we call a runner
[07:53 am] Ed : getting pullback in SPY
[07:53 am] Mitch K: but it isnt giving drops,
just trending up powering up
[07:54 am] Mitch K: anyone find it let me
know
[07:54 am] Mitch K: dont have a float on ROSG
but it must be low
[07:58 am] Mitch K: did you guys try getting
shares of MNRO to short
[07:58 am] Mitch K: tell me you guys are
short MNRO
[07:59 am] Mitch K: do you want to chat or do
you want to make money?
[07:59 am] Mitch K: dont talk so much the
first 90 minutes
[08:00 am] Mitch K: still more downside on
MNRO but wouldnt open new short
[08:00 am] Mitch K: i understand victor, good
man
[08:00 am] Mitch K: do you want ot make money
or make friends, lol
[08:01 am] Mitch K: probably another 30 cents
on it short, but there is a lot of weight on
it now, its heavy so more downside
[08:02 am] Mitch K: i dont want to get into a
habit of saying an idea is good or not but i
did say twice that i liked MNRO short
[08:03 am] Mitch K: when i saw it on my
screen the second time around 35.25 area, i
made a noise…. “Oh man, thats a godo one,
short MNRO”
[08:04 am] Mitch K: its hard to explain that,
might be the 19 years of watching stocks
[08:04 am] Mitch K: i use that term heavy or
has a lot of weight is because i think it is
really good chance of more downside, and it
hasnt shown any signs of bouncing recently
[08:07 am] Mitch K: ok guys, this ROSG is
going to have some good drops at some point
soon, and will give a good long scalp on
FIRST BIG DROP
[08:07 am] Mitch K: ROSG really spiking
[08:07 am] Mitch K: this was under $4 2 days
ago
[08:08 am] Mitch K: ROSG was $1.64 on may
15th, now 21.44
[08:09 am] Mitch K: let me explain this MNRO
chart now
[08:10 am] Mitch K: it doesnt break down that
much but it did go down to 35.50 from 35.60
so there is 3%
[08:10 am] Mitch K: ok, so it went up to
35.60 area, then peaked and when stocks or
futures or commodities are on a hot run like
that, doesnt matter what financial instrument
it is, the initial breakdown is sort of what
i call a battle betwen teh buyers and sellers
and you get that volatility, zig zag in chart
right
[08:11 am] Mitch K: there is room for making
mistakes and still make good money right?
[08:11 am] Mitch K: what i liked about MNRO
1) it dropped from $37 to 32.70 this morning,
2) then bounced up from 32.75 area to 35.60.
so you know there is good movement and
chances of making money is good
[08:12 am] Mitch K: ok after the intial zig
zag or that volatility, the buyers were
exhausted and the sellers is what was
remaining so thats why you see that pretty
much straight down look
[08:15 am] Mitch K: so what you do is you
watch that day trade chart go straight down
right and the odds are when it stops going
down and has a little bounce, that it should
be a time to start covering, especially if it
has had an extended drop like MNRO
[08:19 am] Mitch K: $5 drop from high
[08:19 am] Mitch K: i think its breaking
down
[08:19 am] Mitch K: should sell off a little
soon
[08:19 am] Mitch K: how did you guys do on
that ROSG bounce
[08:20 am] Mitch K: anyone make money on that
on that bouncve with ROSG
[08:20 am] Mitch K: so it has a series of
moves with generally downtrend
[08:20 am] Mitch K: thats breaking down
[08:21 am] Mitch K: you guys made money on
that bounce with ROSG? id sell
[08:21 am] Mitch K: yes victor the people who
were into the money on ROSG are selling
first, usually. the emotions go from greed
to fear
[08:26 am] Mitch K: because the drops are
smaller and smaller. the stock is getting
back toward neutral for awhile
[08:26 am] Mitch K: jolliffboy, usually there
is a lower low. it gets harder and lower
odds to scalp ROSG long on a drop
[08:27 am] Mitch K: keep it small, if you get
big early you can get really hurt
[08:27 am] Mitch K: if you guys can get ROSG
shares to short, i would suggest you short
some as a swing trade overnight for 2-3 days
but it is critical you start really small
position size, im not joking
[08:29 am] Mitch K: just made lower low than
that first big drop
[08:29 am] Mitch K: jolliffboy, see what im
talking about with ROSG
[08:30 am] Mitch K: ok ROSG is going to give
another long bounce fairly soon
[08:31 am] Mitch K: well, the short signal
was 11 minutes ago, lol
[08:31 am] Mitch K: all right, i will try to
give you a buy signal on ROSG
[08:31 am] Mitch K: soon on this stock means
around 16.50 area
[08:32 am] Mitch K: too late to buy under
bid
[08:32 am] Mitch K: by about
[08:32 am] Mitch K: ok there is an early buy
signal on ROSG here, try limit order under
bid
[08:33 am] Mitch K: now look for just over 19
on ROSG, be flexible as a rubber band
[08:34 am] Mitch K: post your entry price on
last long with ROSG
[08:34 am] Mitch K: could hit 19.50 but dont
count on it
[08:34 am] Mitch K: ok try limit orders now
on ask price on ROSG
[08:35 am] Mitch K: ok thats good eddy, that
works
[08:35 am] Mitch K: ROSG doesnt have much
life left
[08:35 am] Mitch K: ROSG might have another
breath up and then turns over again
[08:35 am] Mitch K: better hurry
[08:35 am] Mitch K: better enter limit order
to sell first
[08:36 am] Mitch K: you guys promise not to
touch this ROSG?
[08:36 am] Mitch K: has to go to 16 now
[08:36 am] Mitch K: ok, now please, dont
touch ROSG for awhile, long while
[08:36 am] Mitch K: that was a good entry on
long
[08:36 am] Mitch K: you use a market order to
sell eddy?
[08:37 am] Mitch K: ok eddy, you did a market
order long and market order selling long on
this last ROSG
[08:37 am] Mitch K: if you think you can
trade ROSG now, i suggest you give money to
an orphanage first
[08:38 am] Mitch K: well eddy, most new
traders are panicky and greedy at same time,
so they just click market
[08:38 am] Mitch K: oh ok great, good job
because that is a big spread to give up 20-25
cents each way
[08:39 am] Mitch K: just a sec
[08:39 am] Mitch K: ok listen to this. life
lesson here, dont forget. a stock like this,
and many others we see in morning …… are
like a bouncing ball
[08:41 am] Mitch K: when you drop a tennis
ball from let’s say, 6′ height and you dont
touch it. it bounces lower and lower and
lower until no energy left right?
[08:42 am] Mitch K: you dont want to be
chasing for smaller and smaller profit
potential on the subsequent bounces. by the
3rd bounce, just forget it, not enough money
in it
[08:43 am] Mitch K: i mean thats our problem
we face, everyday
[08:43 am] Mitch K: so the problem we all
have and i mean ALL OF US, is the emotional
control or discipline to not go after
marginal ideas and stick with the good
ideas.
[08:45 am] Mitch K: so what i do now after
doing well on a stock like ROSG, i get up,
jump around a little, jump rope, walk around,
bathroom break and then i look for something
else. i dont get fixated on ROSG
[08:46 am] Mitch K: cdougan, ive heard other
similar analogies
[08:46 am] Mitch K: cdougan that is very
true
[08:47 am] Mitch K: the greatest trader of
all time said in his book “the hardest part
in trading is the waiting”
[08:48 am] Mitch K: buy this book and read it
twice, get two highlighters because one wont
be enough
[08:48 am] Mitch K:
http://www.amazon.com/Reminiscences-Stock-Ope
rator-Investment-Classics/dp/0471770884/ref=s
r_1_sc_1?ie=UTF8&qid=1337874472&a
mp;sr=8-1-spell
[08:49 am] Mitch K: yes it is on kindle
too
[08:49 am] Mitch K: and this guy started
trading in 1887 through 1940
[08:50 am] Mitch K: i try to think how we can
communicate better ideas, what tools you
need, what i would want as a newer trader,
investor
[08:50 am] Mitch K: in a good way
[08:50 am] Mitch K: i actually think about
you guys a lot
[08:51 am] Mitch K: hey eddy jollif, see
ROSG? it is just flailing around doing
nothing but start watching it is taking new
downleg here
[08:52 am] Mitch K: well joey, i havent shot
myself yet, he committed suicide i think
around 1940
[08:53 am] Mitch K: weak early buy signal on
ROSG
[08:53 am] Mitch K: he had a lot of problems
with women, his kids,
[08:56 am] Mitch K: ok good idea mhaus
[09:01 am] Ed : SPY trading at lows of day
[09:03 am] Ed : report Chinese banks will
fall short on there lending
[09:08 am] Ed : SPY lod
[09:14 am] Mitch K: like right here is sells
ignal
[09:14 am] Mitch K: if you went long ROSG
again watch for sell signal soon
[09:16 am] Mitch K: great job doji man
[09:31 am] Mitch K: watching SIG for bottom
to buy
[09:46 am] Ed : getting slight bounce in
SPY
[09:55 am] Ed : wrong screen
[09:55 am] Ed : pssi
[09:55 am] Ed : getting pullback in SPY
[10:01 am] Ed : SPY trading in tight range
[10:22 am] Mitch K: watching ROSG dropping
[10:23 am] Mitch K: should have a bounce, try
near 16.10 area
[10:23 am] Mitch K: might not make it that
low now
[10:23 am] Mitch K: hit 15.83
[10:24 am] Mitch K: we are talking ROSG
[10:24 am] Mitch K: dont get too excited,
just wait
[10:25 am] Mitch K: not acting great
[10:26 am] Mitch K: look at daily chart to
remind you where this came from
[10:26 am] Mitch K: remember was 1.64 a week
ago, lot of selling pressure on this.
[10:26 am] Mitch K: i think forget this long
scalp, too much effort for the risk
[10:30 am] Ed : SPY new lod
[10:56 am] Ed : SPY new lod
[11:00 am] Ed : more selling in markets
[11:03 am] Ed : watching ESL for another
short opportunity missed 1st
[11:05 am] Ed : would prefer another push
near hod, or lower high
[11:14 am] Ed : if u took ESL short would
cover
[11:40 am] Ed : more selling in SPY
[11:43 am] Ed : if u took NFLX would cover
some here
[11:54 am] Ed : thx Mike for CHK
[12:11 pm] Ed : gettin moe selling
[12:26 pm] Ed : getting som ebuying in SPY
|
[06:13 am] ogking : GM Traders
[06:13 am] joeytsa : TIF got rocked
[06:14 am] joeytsa : thank you Ed for your
list
[06:14 am] apple : gm og
[06:14 am] apple : thx for the playlist E
[06:14 am] lisas : Thanks Ed
[06:15 am] ogking : GM, Apple
[06:16 am] joeytsa : WMT has been
strong..right around 12yr highs
[06:16 am] joeytsa : guess that means all
the people who bought in 2000 can finally
break even 🙂
[06:17 am] mikewd2 -: yeah, i’m finally going
to dump those shares.
[06:17 am] joeytsa : that should sent it to
$80 then haha
[06:17 am] mikewd2 -: only seems like 10
years
[06:17 am] joeytsa : haha
[06:18 am] joeytsa : that was the basis for
me liking 52wk highs
[06:18 am] hportofino19 : gm
[06:18 am] skydiver : gm all
[06:18 am] mikewd2 -: yeah, that works
[06:20 am] eddy : hello all
[06:22 am] apple : gm sky
[06:22 am] apple : gm eddy
[06:23 am] apple : gm hp
[06:23 am] eddy : hi apple
[06:23 am] skydiver : gm apple
[06:23 am] apple : on the radio they
mentioned some poor woman who bought 3,000 sh
of FB and now is down 30K…
[06:24 am] mikewd2 -: gambled and lost!
[06:25 am] joeytsa : idi_t i’d l ike to
buy a vowel
[06:25 am] gub : hey!
[06:25 am] joeytsa : wasnt bad that she
bought, it was bad she didnt sell
[06:25 am] khall : yup
[06:25 am] gub : I will try and do my best
to do things right today!
[06:25 am] mikewd2 -: yeah when up 4.50
[06:25 am] Ed : flip side is that if price
were at 60, she would think she is genuis
[06:26 am] apple : right
[06:26 am] joeytsa : right, and have a talk
show on cnbc
[06:26 am] skydiver : right on joey 🙂
[06:26 am] Ed : cant spell today
[06:26 am] joeytsa : putz hahaha
[06:26 am] apple : we still understand you,
tho
[06:26 am] Ed : puts putts putz
[06:26 am] joeytsa : 🙂
[06:26 am] apple : lol
[06:26 am] joeytsa : thats called
Edbonics
[06:26 am] apple : haha
[06:27 am] qwert : haha
[06:27 am] Ed : 🙂
[06:27 am] joeytsa : did they say where that
lady bought FB?
[06:27 am] apple : no
[06:28 am] apple : gm MK – sounds good
[06:28 am] joeytsa : she’ll hold it until
she breaks even
[06:28 am] skydiver : thnx mitch
[06:28 am] joeytsa : thank you Mitch
[06:28 am] hportofino19 : yeah!
[06:28 am] apple : probably
[06:29 am] hportofino19 : 2
[06:29 am] hportofino19 : good analogy
[06:29 am] doji : I’ll just watch today
guys… have a very busy day today…
[06:30 am] scalpman : NTAP Watching
[06:31 am] ogking : Air Line Index $AXGAL
Benefiting from lower oil $
[06:31 am] skydiver : ROSG – nice jump
[06:32 am] joeytsa : LNKD testing $100
[06:32 am] skydiver : watching LNKD witih
you joey
[06:32 am] skydiver : FB bouncing up
[06:33 am] mikewd2 -: out NTAP L -+0.50
[06:33 am] skydiver : all out of RSG L
[06:33 am] shark : KORS quick 2% drop
[06:33 am] apple : gm shark
[06:34 am] shark : touching support from
yesterday
[06:34 am] shark : hi apple 🙂
[06:35 am] shark : watching P
[06:35 am] skydiver : L LNKD 99.12
[06:35 am] joeytsa : ROSG has been on
fire
[06:37 am] scalpman : NTAP L @ 28.72
[06:38 am] doji : Test
[06:38 am] joeytsa : i see you doji
[06:39 am] shark : see if SPY holds be
[06:39 am] skydiver : stopped out of LNKD L
-will watch for another oppoprtunity
[06:41 am] joeytsa : lots of great
pullbacks
[06:41 am] shark : capital hill meetings on
healthcare today
[06:41 am] joeytsa : thx shark
[06:41 am] apple : nice drop in AAPL
[06:41 am] shark : nice apple, AAPL
[06:42 am] shark : KORS S1 support test
[06:42 am] joeytsa : AAPL,BIDU,CRM,GOOG all
nice pullbacks
[06:43 am] joeytsa : GS trying to hold
$97
[06:44 am] skydiver : P – nice v pattern
[06:44 am] mikewd2 -: LNDK moving now
[06:45 am] skydiver : yes – hated to post,
but jumjped in again at 98.89
[06:45 am] skydiver : LNDK
[06:45 am] scalpman : OUt another 1/4 NTAP
L
[06:45 am] skydiver : out 1/2 LNKD L
[06:45 am] scalpman : NTAP stopp 28.99
[06:45 am] skydiver : moving stop up to BE
on NTAP
[06:45 am] shark : nice sky
[06:45 am] shark : touch and go for a
sec.
[06:45 am] apple : smart sky
[06:45 am] skydiver : yeah
[06:45 am] scalpman : good sky
[06:46 am] mikewd2 -: stoppedl on LNKD
+100
[06:46 am] mikewd2 -: 1.00
[06:46 am] joeytsa : VFC might get toppy
[06:46 am] shark : SPY testing lod
[06:46 am] apple : mike i like the +100!
[06:47 am] mikewd2 -: stopped at 100.
[06:47 am] shark : KORS lod
[06:47 am] apple : yeah
[06:47 am] skydiver : all out of P L
[06:47 am] scalpman : alla aout NTAP
[06:47 am] joeytsa : nice on P sky, wanted
the short at the open, couldnt get it
[06:48 am] shark : ugh!
[06:48 am] mikewd2 -: nice P, i got out of P
to early
[06:48 am] shark : nice call, joey
[06:48 am] skydiver : thnx joey
[06:48 am] shark : LULU new lod
[06:48 am] shark : PCLN 666.66
[06:48 am] apple : scary
[06:48 am] joeytsa : most bounces have been
to lower highs
[06:50 am] apple : really lower highs
[06:50 am] joeytsa : CRM dbl bottom, looks a
bit weak
[06:50 am] shark : 🙂
[06:50 am] shark : punchbowl of death
patterns -CRM, LNKD
[06:50 am] apple : lol
[06:51 am] shark : KORS breaking over 10min
ma
[06:52 am] skydiver : stopped out of last
1/4 of LNKD at BE
[06:52 am] shark : wow, sky
[06:52 am] shark : wild one, today
[06:52 am] skydiver : yeah shark
[06:53 am] joeytsa : very interesting market
action past couple of days
[06:53 am] skydiver : double bottom on
LNKD
[06:53 am] joeytsa : GS still trying to
bottom
[06:53 am] scalpman : VFC S @ 142.82
[06:53 am] scalpman : OuT 1/2
[06:53 am] skydiver : looking at CRM to see
where it is at
[06:53 am] scalpman : vfc
[06:54 am] joeytsa : trying to hold $147
sky
[06:54 am] skydiver : yeah I see that joey
— thnx – looks a bit weak
[06:54 am] joeytsa : plenty a room to
fall
[06:55 am] skydiver : agreed on that –
CRM
[06:55 am] scalpman : ALL out VFC
[06:55 am] joeytsa : great trade scalp
[06:55 am] apple : good job scalp
[06:56 am] skydiver : nice one scalp!!
VFC
[06:57 am] scalpman : Waiting for GDOT
[06:58 am] apple : of course!
[06:58 am] joeytsa : slight upmove here
[06:58 am] joeytsa : see if it sustains, or
another short opp
[06:59 am] scalpman : CVLT could be good if
market turns up
[06:59 am] scalpman : …stating the
obvious
[06:59 am] shark : haha
[06:59 am] joeytsa : obvious is good 🙂
[06:59 am] shark : SPY DIA turning up!
[06:59 am] apple : lol
[06:59 am] apple : haha
[07:00 am] shark : watch for bounce in
KORS
[07:00 am] scalpman : SPY moving slightly
up
[07:01 am] apple : fyi – about 40 ideas so
far…
[07:01 am] joeytsa : VMW ugly so far
[07:03 am] joeytsa : US durable goods down,
contruction slump in europe and china factory
activity down for the 7th straight month
[07:03 am] skydiver : thnx joey
[07:04 am] shark : any govt data today,
joey?
[07:04 am] scalpman : SPY holding @ 132
[07:04 am] skydiver : JOY dropped nicely –
but forgot to keep an eye on it
[07:04 am] joeytsa : nat gas @ 7:30pst i
think, gietner talks at noon pst
[07:05 am] shark : Higher LOWS on PCLN,
GOOG, AAPL
[07:05 am] shark : has worked last week or
so
[07:05 am] shark : to long side
[07:05 am] joeytsa : sure has, good catch
[07:07 am] joeytsa : FFIV a dog so far
[07:07 am] shark : FFIV some support at S3,
testinng
[07:07 am] apple : nice big drop
[07:08 am] shark : KORS over 10min
[07:08 am] shark : some support at 40.25
area
[07:11 am] joeytsa : watching AMZN to see if
it tests $214 again
[07:12 am] skydiver : watching KORS FFIV
LNKD with patience
[07:12 am] shark : 😉
[07:12 am] joeytsa : 🙂
[07:12 am] skydiver : ready to pounce 🙂
[07:13 am] apple : AMZN AAPL charts similar
both moving up after double top 1 min
[07:13 am] joeytsa : yeah there are a few
taht look like they want to go somewhere
[07:13 am] shark : P hod
[07:13 am] joeytsa : ROSG testing hod
[07:13 am] shark : KORS long 40.36
[07:14 am] joeytsa : P was nice, i took it
off the radar when i missed the short, oh
well
[07:14 am] shark : oh man
[07:14 am] joeytsa : worked out ROSG was
better $
[07:15 am] scalpman : QQQ dropping (CVLT)
[07:15 am] joeytsa : GS lod
[07:16 am] apple : watching CTXS
[07:17 am] joeytsa : quick move on the ES
up
[07:18 am] joeytsa : LULU back to prev cl
[07:18 am] shark : 🙂
[07:19 am] joeytsa : AMZN triple bottom @
$214
[07:19 am] joeytsa : been bouncing between
214-215
[07:20 am] shark : out all KORS 40.55
[07:20 am] skydiver : SPY jovering around
vwap on one minute chart
[07:20 am] skydiver : hovering
[07:21 am] eddy : stopped on ffiv
[07:21 am] apple : hey, doji, LEN down
today and dropping
[07:22 am] shark : stocks not running up as
much off the low as prev. days
[07:22 am] apple : i see that too shark
[07:22 am] skydiver : yeah shark
[07:22 am] eddy : bounces weak
[07:22 am] shark : yeah
[07:25 am] shark : KORS lod retest
[07:25 am] qwert : nice call on UNH mitch
thx
[07:27 am] jsn13 : qwert what was ur entry
for UNH?
[07:27 am] jsn13 : as in what time and
price?
[07:27 am] skydiver : fire Mitch ? NO
WAY!!! 🙂
[07:27 am] qwert : cmon mitch only like 50
ideas today
[07:28 am] qwert : :))
[07:28 am] joeytsa : haha
[07:28 am] qwert : lol
[07:28 am] eddy : joey
[07:29 am] eddy : i got that chart slider on
sse
[07:29 am] apple : MK, BRS was mentioned
earlier this morning
[07:29 am] eddy : no issues thx
[07:29 am] joeytsa : good to hear eddy, how
did you find it?
[07:29 am] eddy : i was using it all the
time
[07:29 am] skydiver : CRM making a slow u
climb
[07:29 am] eddy : it is a vertical thing
[07:30 am] joeytsa : oh ok, so it was
there, you just couldnt see it?
[07:30 am] eddy : i thought you were talking
about one that is horiziontal
[07:30 am] eddy : it is a slider on the
ptice area right?
[07:30 am] eddy : price
[07:30 am] shark : nice move CRM, you catch
it sky?
[07:30 am] joeytsa : no, mine is underneatth
the calendar
[07:31 am] joeytsa : nat gas #’s out
[07:31 am] apple : you are funny MK
[07:31 am] qwert : personally like a nice
round bottom 🙂
[07:31 am] skydiver : I didn’t post it due
to low volume – but yeah — $147.73 L CRM
[07:31 am] shark : ok, great
[07:31 am] skydiver : kind of a “gut” sense
about it —
[07:32 am] shark : 🙂
[07:32 am] apple : CRM is your stock sky
[07:32 am] skydiver : 🙂
[07:32 am] eddy : missed wlt bounce
grrrrrr
[07:33 am] apple : it had crossed vwap at
that point
[07:33 am] shark : KORS nice pop
[07:33 am] apple : take it easy eddy
[07:33 am] shark : KORS long 40.39 -2nd
time
[07:33 am] skydiver : out 3/4 CRM L
[07:34 am] eddy : k apple 🙂
[07:34 am] skydiver : nice shark on KORS
[07:34 am] apple : good job sky
[07:34 am] joeytsa : CRM was nice 🙂
[07:34 am] skydiver : all out of CRM L
[07:36 am] joeytsa : ES testing hod
[07:36 am] scalpman : CVLT not helped in QQQ
bounce
[07:39 am] eyes : Ed on SBAC would you have
entered s after the doji 9:35 candle
[07:39 am] Ed : no, it was too close to
vwap
[07:41 am] jsn13 : Ed, how did u handle
LNKD? i
[07:41 am] doji : Back for 1 hour I hope
[07:42 am] doji : How was the trade in the
last 1 hour?
[07:43 am] skydiver : FIRE came up nicely
today
[07:44 am] apple : nice one on FIRE
[07:44 am] apple : eyes, how is your father
doing
[07:44 am] Ed : traded it 2x in and out 9:35,
and 2nd time 9:41
[07:45 am] jsn13 : how did u know that u had
to be out early at 9.35?
[07:45 am] Ed : est
[07:46 am] Ed : just feeling I get,comes from
gut feeling, that experiences have created
[07:46 am] Ed : culmination
[07:47 am] apple : i like your style, E
[07:47 am] eddy : ed wat do u think of
ffiv
[07:47 am] jsn13 : no prob…got it…will
train my that feeling…..
[07:47 am] eddy : does not seem to find the
bottom
[07:47 am] eyes : so you didnt wait for
first candle to confirm
[07:48 am] jsn13 : Ed, so what was ur entry
and exit?
[07:48 am] Ed : I wait for signal entry, but
if in stock and does not feel right I dont
wait around
[07:49 am] jsn13 : i mean for the 1st entry
in LNKD…
[07:49 am] eyes : i thought signal candle
was 9:36
[07:49 am] Ed : 9:34
[07:49 am] doji : Trading is an art
definetely
[07:50 am] doji : Need to learn how to paint
now
[07:50 am] Ed : truly is doji, thats why u
have to work it at times in and out, out and
in
[07:50 am] jsn13 : Ed, may i knwo ur entry
and exit at the 9.35 bar for LNKD?
[07:51 am] victor51 : Thanks Ed for SBAC and
WRC. It started my day with +ve feeling
[07:51 am] Ed : will look it up shortly
[07:52 am] victor51 : Mitch, Health care
shorts were great. I had 4 stocks in a group
and thanks for short
[07:52 am] skydiver : out 3/4 FIRE L
[07:52 am] jsn13 : hi skydiver, where is
entry for FIRE?
[07:52 am] skydiver : all out of FIRE L
[07:53 am] joeytsa : sky, great job on FIRE
!
[07:53 am] eddy : well done sky
[07:53 am] eyes : So According to my Chart
the 9:34 Candle is red
[07:53 am] apple : you are hot, sky!
[07:54 am] khall : great job sky – I had
FIRE on my screen but missed it!
[07:54 am] joeytsa : eyes: on LNKD, mine is
green
[07:55 am] qwert : my 9:34 candle is green
on lnkd as well
[07:56 am] Ed : .51 entry exit .63 thas 4 u
jsn
[07:57 am] jsn13 : thanks ed…..
[07:57 am] skydiver : Sorry jsn missed your
question – thnx Ed 🙂
[07:57 am] Ed : no problem
[07:58 am] skydiver : I’m not the expert —
we’ll bow down to Ed and Mitch and joey and
and and 🙂
[07:58 am] Ed : too funny sky
[07:58 am] joeytsa : take my name off that
list haha
[07:58 am] doji : Nooooooooo
[07:58 am] apple : lol
[07:58 am] lisas : n
[07:58 am] qwert : you bet mk lovin the mnro
short
[07:58 am] lisas : n
[07:58 am] skydiver : 20 lashes for me Mitch
– too busy chatting –
[07:58 am] khall : n
[07:59 am] qwert : have em at lightspeed
[07:59 am] skydiver : and I have lightspeed
qwert –
[07:59 am] skydiver : thnx for reminder
Mitch
[07:59 am] skydiver : make moneyh
[08:00 am] doji : Friends!
[08:00 am] gub : both!
[08:00 am] victor51 : itch, left little
early onMNRO.It was question of managing five
winning horses
[08:00 am] gub : I shorted and made $ on
mnro
[08:00 am] go4it : mnro
[08:02 am] qwert : Mitch can you explain
what you mean by a lot of weight on it
now?
[08:04 am] ogking : Just Notified:New
Tradestation Release: OH GOD!
[08:04 am] qwert : thx mitch
[08:04 am] Ed : i never download new
releases
[08:04 am] Mitch K: me neither, i wait a long
time after its out
[08:05 am] apple : thx MK
[08:05 am] Mitch K: and then i look at blogs
to see if people are having problems
[08:05 am] ogking : Thank you wise men!
[08:05 am] joeytsa : its a good term
Mitch
[08:05 am] Mitch K: and then i ask Ed how it
is working
[08:05 am] joeytsa : hahah
[08:05 am] qwert : haha
[08:05 am] Ed : lol
[08:05 am] skydiver : lol 🙂
[08:05 am] joeytsa : like buying a new car
model
[08:05 am] apple : latest gadgets…
[08:05 am] Mitch K: and then i ask if he is
makign money with it
[08:06 am] skydiver : argh – time is up —
see you all maybe toward close today, if not,
see you in the morning — ended day in green
🙂 Keeps the Irish wife happy 🙂
[08:06 am] Mitch K: and when Ed doesnt answer
that question or doesnt return my calls then
i know he is into the money
[08:06 am] joeytsa : ROSG over $20
[08:06 am] Ed : c ya sky
[08:07 am] joeytsa : bye sky
[08:07 am] qwert : ROSG new hod next res
20.50 area
[08:07 am] apple : have fun sky
[08:07 am] eddy : bye sky
[08:07 am] joeytsa : no resistance
[08:08 am] joeytsa : didnt realize they were
over $100 at one time
[08:08 am] Ed : try 580
[08:08 am] apple : it was up yesterday joey,
i was amazed…
[08:08 am] joeytsa : i noticed them last
friday
[08:08 am] khall : wow
[08:08 am] apple : the chart on the daily
[08:08 am] doji : Wow ROSG
[08:09 am] joeytsa : just ride it up
[08:09 am] doji : It was 0.13 cents on
January 1st!
[08:09 am] apple : amazing
[08:09 am] doji : 200X
[08:09 am] victor51 : Mitch, what did you
see in MONRO that it will drop so much with
light volume over 1 hour?
[08:09 am] joeytsa : just trail it up
[08:10 am] jolliffboy : Anybody know why
ROSG is taking off?
[08:10 am] apple : it’s not listed on finviz
— trying to find the float
[08:10 am] scalpman : NO shorts on ROSG
[08:11 am] joeytsa : keep trailing up
[08:11 am] apple : we hear you joey
[08:11 am] qwert : none at lightspeed
ROSG
[08:11 am] doji : 1 share at 22.89 long…
hahah
[08:11 am] joeytsa : stopped finally
[08:11 am] apple : whew
[08:11 am] qwert : listening mitch
[08:11 am] apple : yes
[08:12 am] qwert : big drop rosg
[08:12 am] khall : no shorts at IB for
ROSG
[08:12 am] scalpman : .25 cent spread on
ROSG
[08:12 am] joeytsa : let it come back to a
buy arean
[08:13 am] apple : agree
[08:13 am] joeytsa : yeah scalp, to volatile
to cut
[08:14 am] eddy : now we need to hit the
right entry level long
[08:15 am] joeytsa : i havent seen any news
for ROSG either
[08:15 am] jolliffboy : ROSG -bailing like
rats on a sinking ship.
[08:15 am] doji : Did you ride ROSG Joey?
[08:15 am] joeytsa : oh yeah
[08:15 am] joeytsa : ready for the next ride
too
[08:15 am] jsn13 : Mitch, which bar is ur
entry for MNRO short?
[08:15 am] apple : trailing joey
[08:16 am] doji : Did you call it in the
room Joey?
[08:16 am] joeytsa : doji: took it @
17.50
[08:16 am] joeytsa : no
[08:16 am] doji : ?
[08:16 am] apple : nice joey
[08:17 am] Ed : sweeeeeeetness
[08:17 am] joeytsa : it was a stock that had
been mentioned a few times though
[08:17 am] apple : joey only has 2 hands and
20 monitors…
[08:17 am] joeytsa : stopped me at 23
[08:17 am] joeytsa : sorry, 22
[08:17 am] joeytsa : i let a lot of profit
slip, took a chance since i was up
[08:17 am] apple : it was mentioned early
this morning
[08:18 am] doji : so you took it at the
breakout…
[08:18 am] apple : hey joey, you did damn
good
[08:18 am] doji : good trade
[08:18 am] joeytsa : breakout and then it
held the 5ma
[08:19 am] joeytsa : on that very small
pullback to the 5ma
[08:19 am] apple : it did and very well
too!
[08:19 am] joeytsa : 7:56 bar
[08:19 am] joeytsa : nice Mitch
[08:19 am] victor51 : Mitch, thanks, Do you
think people who bought around 6:45 were
selling for the past hour and prices kept
falling for the past hour or so
[08:19 am] scalpman : Somebody bought 1
share on ROSG L
[08:20 am] scalpman : Was that you apple
[08:20 am] Ed : our charts are similar eyes,
signal was 5th candle from open
[08:20 am] joeytsa : ROSG needs to hold $20
for next leg up
[08:21 am] doji : Meeeeeee….
[08:21 am] cdougan : I got it at 19.61 and
stopped out at 20.40
[08:21 am] eyes : thanks
[08:21 am] eddy : i did not trade it
[08:21 am] apple : yes scalp
[08:21 am] eddy : it is a non marginable
security
[08:21 am] apple : thx MK
[08:22 am] eddy : got a good faith penalty
from schabb
[08:22 am] doji : so it it drops down to
0.13, my lossed will be $22.43
[08:22 am] doji : if
[08:22 am] joeytsa : not too bad doji 🙂
[08:22 am] jsn13 : Ed, did u catch that long
on ROSG?
[08:22 am] scalpman : CVLT gap up
[08:23 am] doji : I’ll keep it in my account
until it reaches 100…
[08:23 am] joeytsa : 3 trades on ROSG
today
[08:23 am] jolliffboy : Mitch: Any
experience guesses where ROSG will bottom
before next up trend???
[08:23 am] Ed : yes on blue line drawn on
chart
[08:24 am] jsn13 : Ed, entry price? and
stop?
[08:24 am] joeytsa : yeah Mitch, you need to
use that caps lock button 🙂
[08:24 am] joeytsa : nice entry Ed
[08:24 am] Ed : breakout both times
[08:25 am] cdougan : lnkd bounced off 97.
[08:26 am] joeytsa : yeah cdoug, right in
that area
[08:26 am] joeytsa : support at 97.10
[08:27 am] Ed : thx joey
[08:27 am] scalpman : Sorry but I don’t see
any Mention of ROSG at the open for about an
hour…where did I miss this?
[08:27 am] apple : 1 share
[08:27 am] joeytsa : i missed it, so took a
chance that it would give me an entry without
chasing
[08:27 am] Ed : i mnetioned yesterday to
have it up for today
[08:28 am] scalpman : Ah…
[08:28 am] doji : I’ll turn my 1 share to
short
[08:28 am] joeytsa : yeah, and sky posted at
6:31
[08:29 am] apple : 6:31 skydiver: ROSG –
nice jump
[08:29 am] apple : scalp – that’s when ROSG
was mentioned
[08:29 am] scalpman : Yes …I see now…I
was focused on NTAP and missed the
comment.
[08:29 am] scalpman : mea culpa
[08:29 am] cdougan : Joey – would that be a
decending triangle? or is that too short term
of a time frame for that pattern? On LNKD
[08:30 am] joeytsa : i guess it depends on
how big your chart is?
[08:31 am] joeytsa : i get different
patterns if the chart is fullscreen or
half-screen etc
[08:31 am] cdougan : i see
[08:31 am] joeytsa : LNKD looks weak to me
though
[08:31 am] eddy : thx mitch
[08:31 am] apple : agree
[08:32 am] joeytsa : trading under prev low,
and just made a lower high
[08:32 am] scalpman : FAZ slow up move
maybe
[08:32 am] joeytsa : i cant short ROSG
[08:32 am] cdougan : I see.
[08:32 am] scalpman : not so slow
[08:32 am] joeytsa : sorry it wasnt the best
answer to your question though
[08:32 am] scalpman : FAZ
[08:32 am] scalpman : FAZ
[08:32 am] doji : Drop in SPY
[08:33 am] joeytsa : europ closing?
[08:33 am] scalpman : FAZ L @ 26.78
[08:33 am] apple : nice dbl bottom on FAZ
[08:34 am] lisas : thanks mitch!
[08:35 am] joeytsa : not in this one
[08:35 am] lisas : in 18.23, out 18.96
[08:35 am] khall : ROSG in 18.66 out
19.14
[08:35 am] apple : nice khall
[08:35 am] eddy : rosg l 18.30 out 19.03
[08:35 am] khall : happy with that trade!
[08:35 am] joeytsa : nice khall,lisa,eddy
[08:35 am] apple : nice eddy
[08:36 am] apple : nice lisa
[08:36 am] eddy : ya was a gd one
[08:36 am] khall : thanks Mitch for the
guidance
[08:36 am] lisas : fun when they move so
quick, as long as it’s in the right way!
[08:36 am] eddy : thx Mithn ..
[08:36 am] khall : yep
[08:36 am] eddy : no limit
[08:36 am] eddy : k
[08:36 am] scalpman : Frist target FAZ L
27.04
[08:36 am] apple : thx MK… we hear you
[08:37 am] lisas : yes
[08:37 am] khall : yes
[08:37 am] khall : I don’t want to give back
my profit
[08:37 am] qwert : yep
[08:37 am] eddy : yes no more rosg
[08:37 am] cdougan : ha
[08:37 am] eddy : got it mitch
[08:37 am] joeytsa : so you are saying i
should buy now 🙂
[08:37 am] eddy : it was hard enough like
this
[08:38 am] eddy : no
[08:38 am] eddy : i dit limit on both in and
out
[08:38 am] eddy : why wud u think i did
market
[08:38 am] eddy : im scared
[08:38 am] apple : haha
[08:38 am] eddy : in entry nd exit
[08:38 am] apple : don’t be scared eddy
[08:38 am] qwert : lol
[08:38 am] eddy : to be truly honnest
[08:38 am] joeytsa : we’re gunning for your
stops haha
[08:38 am] Ed : he saw ur entyr/exit
[08:39 am] apple : that was a quick trade
eddy and you did good
[08:39 am] scalpman : OUt 1/2 FAZ
[08:39 am] joeytsa : yeah eddy, you did
really good
[08:39 am] eddy : i am both yet click
limit
[08:39 am] eddy : we
[08:39 am] eddy : weird
[08:39 am] Ed : nice trade eddy
[08:39 am] eddy : thx
[08:41 am] joeytsa : ALXN nice steady
climb
[08:41 am] joeytsa : they were a mover from
yesterday also
[08:41 am] qwert : yep
[08:41 am] apple : y
[08:41 am] eddy : right
[08:42 am] scalpman : I didn’t realize FAZ
was an index 3x Bear on Financials…oh
well.
[08:42 am] joeytsa : yeah scalp
[08:42 am] apple : now you know… FAS is
bull
[08:42 am] scalpman : Well it seemed to
move….yeah like TNA TZA
[08:42 am] eddy : ok mitch we r done with
rosg
[08:43 am] apple : we like the first
bounce…
[08:43 am] apple : agree MK
[08:43 am] joeytsa : still keeping an eye on
it for later
[08:43 am] scalpman : I will stop FAZ @
28.80 b.e.
[08:43 am] Ed : oh jsn earlier entries on
ROSG 10:51 est 16.61 after breakout from
consolidation, then 11:01 est 18.01 another
breakout and base on top of base
[08:43 am] scalpman : sorry 26.80
[08:44 am] Ed : agreed Mitch
[08:44 am] scalpman : Target 27.02 FAZ L
[08:44 am] joeytsa : amen Mitch
[08:45 am] cdougan : It’s funny… the
slower the day is the better the “marginal”
ideas look.
[08:45 am] scalpman : Out another 3/10 on
FAZ L
[08:45 am] apple : great advice
[08:45 am] Ed : nice going scalp
[08:45 am] joeytsa : yeah cdoug..its a trap
haha
[08:45 am] apple : good job scalp!
[08:46 am] scalpman : Will trail last
piece…thanks apple
[08:46 am] scalpman : Or I could go to
10ths
[08:46 am] scalpman : ha
[08:46 am] joeytsa : haha
[08:46 am] scalpman : Pattern on FAZ…is
that Rounded V..
[08:46 am] jsn13 : thanks ed…so at that
11.15 ish u did not trade?
[08:46 am] apple : big double top there on
AAPL
[08:47 am] cdougan : I’ve just notced it
myeslf only doing this as a novice. It’s hard
to do nothing
[08:47 am] scalpman : with 5 ema crossing 15
ema
[08:47 am] scalpman : That first dip is a
retrace and then higher highs.
[08:47 am] scalpman : I took profit, but the
pattern said wait.
[08:47 am] joeytsa : yeah Mitch..and this
mid-day time can be brutal that wy
[08:47 am] joeytsa : way
[08:48 am] apple : cd – you are always doing
something, scanning or looking at charts
which is all a part of trading. wait for the
good ones
[08:48 am] Ed : yes i did 2 other times
[08:48 am] jsn13 : can i have the time for
the other 2 entries? did not see propoerly
juz now…
[08:48 am] doji : I work between trades
[08:49 am] apple : haha doji
[08:49 am] scalpman : Mitch is it a e-book
too.
[08:49 am] lisas : Great book, should listen
again (I have audible version)
[08:49 am] Ed : read 5 times
[08:49 am] cdougan : I will pick it up.
Thanks Mitch. Very much appreaciated.
[08:50 am] lisas : 🙂
[08:50 am] apple : nice
[08:50 am] apple : ditto
[08:50 am] eyes : I think i Will take mine +
9 i made today and go bye it
[08:51 am] joeytsa : Mitch: i have listened
to a LOT of stock guys talk…would rather
have you as my coach anyday
[08:51 am] mhaus : Mitch, this book looks
like your biography.
[08:51 am] Ed : entries were 11:15 and
11:32
[08:51 am] apple : hey mhaus – how are you?
we missed you
[08:51 am] doji : Hey mhaues, Micth is not
that old
[08:52 am] apple : haha
[08:52 am] scalpman : Out another 1/10th
FAZ
[08:52 am] mhaus : you kidding?
[08:52 am] eddy : ya clear mitch
[08:52 am] apple : scalp you are good
[08:52 am] mhaus : Hi Apple, and everyone
[08:52 am] joeytsa : its really Mitch
Livermore, King is just his nickname 🙂
[08:52 am] eddy : mitch wud you consider
another seminar this year?
[08:52 am] joeytsa : keep it that way
[08:52 am] Ed : nice seeing you mhaus
[08:53 am] scalpman : Aout out FAZ
[08:53 am] scalpman : all out
[08:53 am] joeytsa : who doesnt haha
[08:53 am] joeytsa : my wifes out of town,
and she still nags me
[08:53 am] Ed : did u say wives joey
[08:53 am] jsn13 : Ed, thanks alot….it
confirms with what i think…so when those
din go stright up and u not feeling good, u
would juz close out right?
[08:53 am] doji : I never had that problem
but I herd others had
[08:54 am] joeytsa : 🙂
[08:54 am] khall : I thought it was hands
off until 16?
[08:54 am] Ed : yes
[08:54 am] khall : LOL
[08:54 am] mhaus : on a serious note, Mitch,
maybe you can add all the teaching in the
trade room for that week to the Friday
DSR.
[08:55 am] jsn13 : very nice
ed….thanks….
[08:55 am] joeytsa : CF lower highs past
90min
[08:55 am] mhaus : these teaching from you
and Ed are really valuable
[08:56 am] Ed : thx mhaus
[08:56 am] joeytsa : LNKD might test $96
[08:56 am] joeytsa : yes they are great
lessons
[08:56 am] joeytsa : BIDU lod
[08:57 am] eddy : joey are u in lnkd?
[08:57 am] doji : I read that the move up in
the market this week has been based on only
20 or so stocks
[08:58 am] joeytsa : doji: that sounds like
right befor the tech bubble
[08:58 am] joeytsa : no eddy
[08:58 am] joeytsa : $96 held so far
though
[09:01 am] joeytsa : GS moving down a bit
[09:01 am] joeytsa : see if the market
follows
[09:01 am] doji : Drop in the SPY
[09:02 am] doji : Any news? Europe
closehigher today and here we are down
[09:03 am] eyes : Everyone Tomorow will be
my last day in the room it has been awesome
getting to know you all Thanks Mitch Ed I
might be back in a few months will see I am
moving back to iowa it will take a few months
to get settled in and build my home
[09:04 am] khall : we will miss you eyes –
have a safe move – hope all goes well with
the move
[09:04 am] lisas : We’ll miss you eyes!
[09:04 am] mikewd2 -: we will miss you eyes –
take care
[09:04 am] pirate : GL Eyes
[09:04 am] eddy : all the best eyes
[09:04 am] doji : Eyes remember: you are not
done when you lose; you are done when you
quit
[09:05 am] doji : I have that tatooes in my
forehead so I can be remembered every time I
loot at myself on the mirror
[09:05 am] Ed : so we shall see u back in
room nov. We will give u 4months to build ur
home.
[09:05 am] qwert : you will be missed eyes
good luck
[09:05 am] doji : Don’t forget to come back
Eyes!
[09:05 am] scalpman : E-book downloading a
sample of the book
[09:06 am] scalpman : I’ll will read on the
train…go to go…
[09:06 am] Ed : great book, I picked it up
again to read this week
[09:06 am] Ed : c ya scalp
[09:06 am] apple : bye eyes – talk to you
soon. we will all miss you
[09:06 am] apple : bye scalp
[09:06 am] scalpman : I had two good trades
but some losses for a b.e. day…not my
best…but I think I understand my
mistakes….
[09:07 am] eyes : I am not quiting doji just
i i have to build my home
[09:07 am] doji : Great
[09:07 am] Ed : have to get busy, Iowa has
early winters right
[09:07 am] scalpman : I when to the sim and
made $1000….I am still not adept at early
morning trading and seem to do well better
after the first hour…
[09:08 am] scalpman : wnt
[09:08 am] qwert : are you building it
yourself eyes
[09:08 am] eyes : They do get cold
[09:08 am] scalpman : See you all
tomorrow…
[09:08 am] qwert : cya scalp
[09:08 am] khall : bye scalp!
[09:08 am] scalpman : Scalpman has left the
building
[09:08 am] cdougan : take it easy scalp
[09:08 am] scalpman : Thanks guys
[09:11 am] gumroadboy : Thanks scalpman for
FAZ
[09:15 am] doji : Ok fellas, I have a 4
hours long meeting… will leave the window
open to review the posts later…
[09:15 am] doji : Make tons of money!
[09:15 am] Ed : c ya doji
[09:16 am] doji : Thanks Mitch
[09:16 am] apple : i have a class, be back
later
[09:16 am] Ed : have fun apple
[09:17 am] khall : bye apple
[09:17 am] eddy : bye apple
[09:17 am] lisas : bye apple doji
[09:18 am] cdougan : bye apple
[09:21 am] eddy : ed i have a question for
you
[09:22 am] eddy : lets take the example og
ipgp
[09:22 am] eddy : wen i stopped going down
wud u just buy the lod or wait for it to
bounce to be sure and then miss the lod
[09:22 am] eddy : i =it
[09:23 am] Ed : most consistent is to allow
it to bottom and give signal to buy before
attempting to “bottom fish”
[09:24 am] eddy : i thought there was a buy
signal at 12 20
[09:24 am] Ed : most consistent apporach
[09:24 am] eddy : i guess misread it
[09:25 am] Ed : for me, trading too thin, and
candles are spotty and sporadic to get good
read
[09:26 am] Ed : it has only traded 126k
shares so far today
[09:26 am] eddy : ya
[09:27 am] Ed : u want that share size to
atleas be around 500k
[09:37 am] eyes : AIG alert
[09:38 am] eyes : not alert just watching
[09:45 am] gub : Thanks Mitch for the rec.
on “Reminiscences of a Stock Operator (Wiley
Investment Classics)”Edwin Lefèvre;
Paperback; $5.88In Stock Sold by: Awesome
Sauce Books – just purchased it from
Amazon.com for 5.88.
[09:49 am] qwert : Watching yoku
[09:51 am] qwert : no shares for short on
yoku at lightspeed
[09:53 am] eddy : all out sig long
[09:53 am] qwert : nice trade eddy
[09:54 am] eddy : thx
[09:54 am] Ed : nice going eddy
[09:54 am] Ed : good eye on YOKU qwert
[09:54 am] qwert : thx
[09:55 am] qwert : hopefully someone got
some shares for short
[10:02 am] Ed : ‘
[10:02 am] joeytsa : yeah Ed, the ES in a
3pt range the last hour
[10:06 am] eddy : taking a 10 mn break be
back
[10:15 am] eddy : back …did not seem to
have missed much
[10:15 am] Ed : u missed the slow action
[10:15 am] eddy : ya i can see that
[10:20 am] eddy : joey u there?
[10:20 am] joeytsa : yeah, just napping
[10:21 am] eddy : in sse there are fibonacci
right?
[10:21 am] joeytsa : let me check
[10:21 am] eddy : no fibonacci i meant
[10:21 am] joeytsa : yeah i dont see any
[10:21 am] eddy : ok thought so
[10:22 am] eddy : thx
[10:22 am] qwert : ROSG
[10:22 am] joeytsa : no prob
[10:23 am] jolliffboy : Where is the buy
signal on ROSG now that it is playing with
16.00?
[10:24 am] jolliffboy : Thanks Mitch
[10:25 am] eddy : we have to break our
promise top you mitch
[10:26 am] eddy : ok
[10:36 am] apple : too quiet. it’s pouring
rain here…
[10:36 am] Ed : here too,
[10:36 am] apple : how about a song…
[10:37 am] eddy : dark but hot nd humid
here
[10:37 am] apple : eddy where are you
[10:37 am] Ed : richmond va
[10:38 am] eddy : dubai
[10:38 am] apple : i knew that E
[10:38 am] shark : yeah, I knew that too
[10:38 am] apple : wow, on the other side
[10:38 am] eddy : yup
[10:39 am] eddy : wen u have your morning
cofee i have supper
[10:39 am] apple : what is the time diff.
between ny? it’s 1:39 pm here now
[10:39 am] eddy : 9 39 pm here
[10:39 am] apple : so this is your nighttime
job?
[10:39 am] apple : 8 hours then
[10:39 am] eddy : ya
[10:39 am] eyes : My Dads operation went
well
[10:39 am] apple : do you have a day job?
[10:40 am] eddy : halleluis eyes
[10:40 am] qwert : thats great eyes
[10:40 am] apple : good eyes, glad tohear
that
[10:40 am] eddy : no apple
[10:40 am] Ed : glad to hear eyes, thx for
update
[10:40 am] eddy : no day job anymore
[10:40 am] apple : eddy, you don’t need
one
[10:40 am] eddy : just this for now
[10:40 am] apple : great
[10:40 am] eddy : hopefully it will work
[10:40 am] apple : hope, nuthin’, it is
working and you are doing great
[10:41 am] eddy : thx for your kind words
apple
[10:41 am] apple : it is true
[10:41 am] eddy : i started studying in
feb
[10:41 am] eddy : trading since april
[10:41 am] eddy : too earlt to tell
[10:42 am] apple : good for you.
[10:42 am] qwert : trading live the whole
time eddy
[10:42 am] eddy : no
[10:42 am] eddy : i did sim one month
[10:42 am] eddy : but rea;ized it has no
room for emotions
[10:42 am] apple : right
[10:42 am] qwert : are you getting
consistent winners
[10:42 am] victor51 : eye, great news that
all went well with your Dad
[10:43 am] eddy : i have some wins and
losses
[10:43 am] eddy : overall i am down for
now
[10:43 am] eddy : but nothing that cannot be
recovered
[10:43 am] apple : absolutely!
[10:43 am] qwert : keep track of win
percentagr
[10:43 am] eddy : i am determined for it to
work
[10:43 am] apple : it will then
[10:44 am] eddy : on the average i make a 60
% winning trades now
[10:44 am] lisas : it will eddy, you are
doing everything right. Just protect your
trading money. Going small size is OK
[10:44 am] eddy : but unbalanced inb terms
of dollar amount
[10:44 am] eddy : i need to fix this
[10:45 am] eddy : u guys are so
supportive
[10:45 am] eddy : thx for everything
[10:46 am] qwert : try to do every position
same dollar amt
[10:46 am] qwert : then 60% winners means
you are making money
[10:46 am] joeytsa : great to hear eyes
[10:47 am] eddy : yes qwert ..this shud
become my discipline
[10:47 am] eddy : so eyes this is awesome
news
[10:47 am] eddy : we are going to miss your
great scanning
[10:48 am] joseph : ssysand wprt lod
[10:48 am] eyes : Thanks Eddy
[10:49 am] joeytsa : looks like ES might
test this lod area again
[10:49 am] Ed : yep hovering near lows
[10:49 am] joeytsa : ES is the futures
contract for the emini s&p for those
who might not know
[10:50 am] qwert : MNST tryin to pop
72.00
[10:50 am] joeytsa : not Energy Solutions if
you tried to type the symbol
[10:54 am] eddy : joey in wat way is ES
relevant to our efforts here?
[10:54 am] joeytsa : market direction
[10:54 am] eddy : like spy?
[10:54 am] joeytsa : yeah, its the futures
contracts
[10:54 am] eddy : k
[10:54 am] joeytsa : what floor traders are
trading
[10:55 am] eddy : is mike in the room
today?
[10:56 am] joeytsa : new lows in the
markets
[10:56 am] eyes : Did anyone S aig
[10:56 am] joeytsa : i didnt
[11:00 am] joeytsa : crude has been selling
off also
[11:01 am] joseph : is nflx stillgood as a
short under 70.40
[11:02 am] Ed : this late in day, only if it
combined with selloff in SPY and huge vol
breaking down on nflx through 70.40
[11:02 am] joseph : thanks
[11:13 am] joeytsa : not a trade yet, but
BIDU cons just under prev low
[11:14 am] joeytsa : nice on Ed
[11:15 am] Ed : thx joey
[11:15 am] shark : AAPL broke pivot
[11:15 am] qwert : Ed did you trade ESL
[11:16 am] Ed : yes, dont like I missed 1st
short, had to take the leftover trade
[11:16 am] Ed : I mean 2nd short
[11:17 am] joeytsa : 2nd short was actually
better
[11:17 am] shark : leftover money tastes
almost as good as fresh money, Ed 😉
[11:17 am] qwert : Where did you enter
[11:17 am] Ed : ur right shark does taste
good
[11:18 am] eddy : ED did u call to cover
because it reached VWAP?
[11:18 am] Ed : entered on 2:05est, with stop
67.87 tad above 2:04 est candle high
[11:19 am] qwert : thx ed
[11:20 am] Ed : yes, I take my 1st target of
profit based 1st area of
resistance/support
[11:20 am] Ed : some people will use %
[11:20 am] shark : LNKD, CRM much weaker
today on open.
[11:20 am] shark : keep in mind for poss POD
chart pattern
[11:20 am] eddy : k thx ed
[11:20 am] joeytsa : yeah shark
[11:20 am] Ed : no problem
[11:20 am] Ed : thx shark
[11:22 am] gub : Ed when you got the price
at 2:05 was it taken off the Matrix on TS?
[11:22 am] joeytsa : SPY vol looks to be
just over half of yesterdays total
[11:22 am] gub : Or did you set a buy limit
and wait for it to hit?
[11:22 am] Ed : no, I dont use matrix
[11:23 am] mikewd2 -: CHK
[11:24 am] Ed : I have mine set with buy at
bid plus .01, and sometimes bump it up
[11:24 am] Ed : to get my price
[11:24 am] gub : Thank!
[11:25 am] qwert : nice mike on chk
[11:25 am] Ed : matrix would probably be
easier,
[11:25 am] gub : I kind of like it.
[11:25 am] gub : work fast.
[11:25 am] Ed : true
[11:25 am] Ed : nice mike
[11:26 am] mikewd2 -: covered CHK S 15.15
[11:26 am] mikewd2 -: quick 2%, hope you guys
got it
[11:26 am] Ed : we need 20 more like this
[11:26 am] qwert : thx mike
[11:26 am] eyes : I tryed to s and it just
jumped past my price 15.34
[11:27 am] eddy : covered at 15.13
[11:27 am] lisas : Ed, are you using the
quick trade bar?
[11:27 am] eddy : thx mike
[11:27 am] eddy : i was wondering why you
were silent
[11:27 am] eddy : good call
[11:27 am] Ed : just from regular layout at
top
[11:27 am] lisas : are you on 9.1 or 9.0?
[11:27 am] Ed : 9.1
[11:28 am] gub : TS had upgrade today.
[11:28 am] gub : seems quicker.
[11:28 am] lisas : haven’t tried the quick
trade bar yet, may try that first with sim
[11:28 am] Ed : go figure, always wanted
chart trading ability, have it and hav not
used it once
[11:28 am] lisas : I didn’t upgrade yet gub,
saw it but have learned the hard way to do
upgrades at end of day, lol.
[11:29 am] apple : gotta go for now… thx
MK, E and everyone. all have a wonderful
evening
[11:29 am] Ed : tried it in sim, seemed ok
[11:29 am] lisas : TS sometimes rolls things
out too soon
[11:29 am] joeytsa : bye apple
[11:29 am] Ed : c ya apple
[11:29 am] lisas : bye apple
[11:29 am] qwert : bye apple
[11:29 am] gub : chart trading I find too
slow.
[11:29 am] eddy : bye apple
[11:29 am] Ed : i never update until Im
forced too
[11:29 am] gub : on TS
[11:30 am] eddy : ok everyone im awfully
late for a dinner party
[11:30 am] lisas : yeah, I’m interested in
trying the chart trading, someone here was
using it.
[11:30 am] eddy : closed in green
[11:30 am] lisas : bye eddy, have fun
[11:30 am] ogking : Ce ya Apple
[11:30 am] eddy : thx for all im outta
here
[11:30 am] joeytsa : bye eddy
[11:30 am] lisas : good job eddy!
[11:30 am] qwert : cya eddy
[11:30 am] Ed : have fun eddy
[11:30 am] cdougan : take care eddy
[11:31 am] joeytsa : i wish i had chart
trading on lightspeed..will have to make a
switch someday
[11:31 am] ogking : c ya eddy
[11:32 am] eyes : The best chart trading I
have seen or used is Ninja
[11:32 am] joeytsa : ninja’s is nice, only
had it for futures though
[11:33 am] qwert : joey do you trade the
es
[11:33 am] eyes : I think TS will catch up
thou
[11:33 am] joeytsa : yeah…not a while lot
but i do trade it
[11:33 am] joeytsa : whole
[11:33 am] qwert : i have not but was
thinking of looking at it
[11:34 am] joeytsa : i just look for
patterns, just like with stocks
[11:34 am] lisas : do you have both eyes?
[11:36 am] joeytsa : qwert, lightspeed does
futures also i believe
[11:37 am] qwert : i think your right do you
look for the same setups as stocks
[11:41 am] Ed : CHK offered 2nd opportunity
for short if u missed the 1st
[11:41 am] Ed : of course its over now
though
[11:41 am] cdougan : I’m out. Have a great
day everyone. Thanks for the great calls and
lessons.
[11:41 am] Ed : c ya cdougna
[11:41 am] qwert : bye cdoug
[11:41 am] Ed : cdougan
[11:42 am] joseph : thiergoes nflx
[11:42 am] Ed : u get it joseph
[11:42 am] joseph : no
[11:42 am] jsn13 : Ed, did u short CHK at
the double top?
[11:42 am] Ed : it was lowere high
[11:43 am] joseph : i know was looking at
other stuffdistracted
[11:43 am] Ed : happens
[11:43 am] jsn13 : U shorted at 2.37 est
bar?
[11:43 am] joseph : watched it for a long
time ohwell
[11:44 am] joseph : aapl
[11:44 am] Ed : u will get next one
[11:45 am] Ed : 2:24est and shorted again
2:37 est
[11:45 am] joseph : petm if holds low can
move up
[11:47 am] jsn13 : Ed, for the 2nd top, the
signal is that the long shadows signifying
the rejection of higher prices right?
[11:48 am] Ed : , cluing on price, vol,
candles, price was moving up on low vol,
then u had rejection of higher prices, so
high prob. to go in on 2nd attempt short
[11:48 am] scalpman : Mitch: reading the
book….I think I understand, but why did the
“Bucket Shops” lose money if a trader made a
profitable trade…?
[11:49 am] scalpman : …I assume they owned
the stock that the trader was buying as
opposed to being just a broker!
[11:49 am] jsn13 : thanks ed….very nice
explanation..
[11:51 am] Ed : and looks like even if u use
stochastics it started turning over also
[11:51 am] joeytsa : AMZN lod
[11:51 am] jsn13 : Yes Ed…now i see
it…thanks…
[11:52 am] joeytsa : they did Ed, same with
%r
[11:53 am] Ed : goes to show, no matter what
one uses, they tell the story if we pay
attention to the action
[11:53 am] Ed : they being the charts, etc
[11:53 am] joeytsa : yeah
[11:53 am] jsn13 : agree….
[11:54 am] joeytsa : nice one mike
[11:54 am] mikewd2 -: well should have took
the second short also
[11:54 am] joeytsa : did you take the
long?
[11:55 am] mikewd2 -: no i have too much oil
– haha
[11:55 am] joeytsa : gotta fill your tanker
somehow
[11:55 am] eyes : AMED
[11:56 am] joeytsa : LNKD testing vwap res
again
[11:58 am] joeytsa : ROSG sneakily up $2
from lows
[11:58 am] victor51 : Joey, what’s VWAP
stands for
[11:58 am] joeytsa : volume weighted average
price
[11:58 am] mikewd2 -: vol weighted avg
price
[11:58 am] victor51 : Thanks.
[11:59 am] mikewd2 -: victor, did you get the
program that eyes found for VWAP on
tradestation?
[11:59 am] joeytsa : its a fairly new
indicator for me victor
[12:01 pm] scalpman : vWAP Is displayed in
the price matrix on Tradestation
[12:02 pm] mikewd2 -: right, but you need to
load a easylanguage program to have it on the
charts.
[12:02 pm] victor51 : Mike, No. is it same
as they mark V in front of price in
Matrix?
[12:02 pm] mikewd2 -: yes, it great having it
on the charts
[12:03 pm] eyes : NTAP breaking out Cons
[12:03 pm] eyes : NTAP
[12:03 pm] victor51 : what’s best way to
use, Mike
[12:03 pm] joeytsa : thx eyes
[12:03 pm] Ed : thx eyes
[12:04 pm] eyes : a little late just saw
it
[12:04 pm] mikewd2 -: yeah, i missed NTAP
also eyes
[12:06 pm] skydiver : thanks for vwap info
— been difficult to get it for esignal for
me — I kept my old Scott trade platform
charts and they have it available
[12:06 pm] qwert : sky i have vwap for
esignal
[12:06 pm] skydiver : really?
[12:07 pm] qwert : you want me to email you
the file
[12:07 pm] skydiver : wow — that would be
awesome qwert
[12:07 pm] qwert : give me your address
[12:07 pm] skydiver : [email protected]
qwert
[12:15 pm] joeytsa : ROSG pulling back
again
[12:17 pm] eyes : SPLK
[12:17 pm] eyes : scratch no vol
[12:19 pm] jsn13 : Ed, did u go long ROSG at
1.33pm est bar?
[12:19 pm] Ed : no did not trade it then,
nice signal though
[12:20 pm] eyes : you see GENE on Daily
[12:21 pm] jsn13 : juz saw it…yup that bar
gave very nice entry…..
[12:21 pm] Ed : i do now, thx eyes
[12:27 pm] eyes : Vol picking up in XIV
[12:28 pm] mikewd2 -: getting a little bounce
in the oils
[12:30 pm] victor51 : I need to run. See
you all
[12:31 pm] joeytsa : bye victor
[12:31 pm] eyes : Ed any thoughts XIV
[12:42 pm] Ed : no not my type of trade
[12:42 pm] jsn13 : Ed, did u short CHK
again?
[12:44 pm] eyes : Good Night everyone +16
[12:45 pm] Ed : c ya eyes
[12:45 pm] qwert : cya eyes
[12:45 pm] Ed : yes
[12:45 pm] skydiver : Been at office trying
to do a trade or two — but now off to a
meeting — see you all in the morning — take
care eyes
[12:45 pm] lisas : bye eyes
[12:45 pm] Ed : c ya sky
[12:45 pm] skydiver : thnx for great
teaching today Mitch and Ed!!
[12:45 pm] skydiver : I’m gone 🙂
[12:45 pm] qwert : bye sky
[12:45 pm] skydiver : thnx qwert – got your
email 🙂
[12:46 pm] lisas : bye sky
[12:46 pm] lisas : so Ed, is ebuying like
ebaying?
[12:46 pm] Ed : lol
[12:46 pm] joeytsa : bye sky
[12:47 pm] lisas : speaking of EBAY
[12:47 pm] Ed : be nice if they spin off
paypal
[12:47 pm] lisas : are they talking about
that?
[12:47 pm] Ed : just talk from others
[12:48 pm] lisas : I got the paypal IPO
years ago, did well with it held until ebay
bought it
[12:48 pm] joeytsa : ROSG up over $18
[12:48 pm] lisas : should have bought more
though, didn’t know anything back then about
stocks
[12:48 pm] Ed : our ipo specialist
[12:48 pm] mikewd2 -:
http://eminisuccessformula.kajabi.com/f
e/24127-the-30-minute-breakout-strategy
[12:48 pm] mikewd2 -: wrong paste sorry
[12:49 pm] mikewd2 -: CHK)Ichan’s stake in
Chesapeake possibly 4% or more, Bloomberg
reports
[12:49 pm] lisas : actually I was an ebayer,
that did a lot of business with paypal,
that’s why I got the ipo price
[12:49 pm] joeytsa : Twitter may want their
ipo on nyse because of the FB ipo
[12:49 pm] jsn13 : Ed, ur short signal at
the big green bar right? entry a 3.38 bar?
[12:50 pm] Ed : played it differently but ur
signal is3:38, entry on 3:39 bar
[12:51 pm] jsn13 : the 2nd red bar?
[12:51 pm] jsn13 : harami?
[12:52 pm] Ed : no, not sure of name, but
know its not harrami, remember price, vol,
then candles, dont want to trade purely off
candles
[12:53 pm] jsn13 : yup…got it….
[12:54 pm] Ed : price got rejected at 16, vol
dropped way off, then wait for candle
setup
[12:54 pm] jsn13 : but looks like the entry
might be abit late with wide stop and support
area at 15.40-15.50 area…
[12:54 pm] jsn13 : yup like the long shadow
with 16 as top…
[12:56 pm] Ed : sure u can find a 1000’s
reasons not to take a trade
[12:56 pm] jsn13 : ok understand ed, no
perfect setup…
[12:56 pm] Ed : but I feel like if price,vol,
candle saying go, I go with stops in place,
if wrong, good, Im out wont stay to figure
out what went wrong
[12:56 pm] Ed : will study it later though
[12:57 pm] jsn13 : thanks for the reminder
and the advice….thanks alot….
[12:58 pm] Ed : remember if they were all
perfect setups, the fail rate for traders
would be like 1 to 10%
[12:59 pm] jsn13 : ok i see….i will
definite study those later….more
screenshots….
[12:59 pm] Ed : thats why u have to have ur
system, when its consistent stick with it and
winners will more than make up for losses
[01:00 pm] mikewd2 -: CHK)Icahn said to be
major Chesapeake holder, Bloomberg says
[01:00 pm] joeytsa : Thanks Mitch, Ed,
everyone…another fun one, see you all
tomorrow
[01:00 pm] Ed : on stock like chk, if u
quickly examine and u dont like r/r, best not
to trade it, never compromise ur system
[01:00 pm] mikewd2 -: bye guys, cu joey
[01:00 pm] Ed : c ya joey
[01:01 pm] qwert : good night evry body see
ya in the am
[01:01 pm] lisas : bye all, have a great
nite
[01:01 pm] jsn13 : 1st i saw it late, 2nd I
dont like the rr…so no trade for me…
[01:01 pm] Ed : have a great evening
traders
[01:03 pm] gub : Ed – in the early morning
you gave stocks with long/short such as
potential plays (EXPE 46.5long, short44.30).
Are these target prices that you hold until
it hits this price then you get out?
[01:03 pm] gub : Please explain.
[01:03 pm] jsn13 : gub those are entry
price…
[01:03 pm] gub : daaaah…
[01:04 pm] gub : Thanks!
[01:04 pm] Ed : those are entry prices,
thx
[01:04 pm] gub : My teacher always said no ?
is a stupid ?
[01:05 pm] Ed : those particular entries, Im
looking for either breakout/breakdown with
strong vol.
[01:06 pm] Ed : so, some may not even
trigger
[01:06 pm] gub : TY!
[01:07 pm] Ed : no problem
[01:10 pm] gub : This day of sim trading was
very difficult today.
[01:11 pm] gub : Still learning the feel of
the markets.
[01:12 pm] gub : Couldn’t get my market mo
jo going – what little I have anyways..
[01:13 pm] gub : But your comments Mitch are
very helpful in accelating my learning and I
TY.
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