[06:27 am] Brent : good morning
[06:28 am] Mitch K: I’m only showing you this
GOOG, Google chart for fun. Up big after
earnings yesterday after the market. This
may influence the tech stocks a little
[06:28 am] Kris : Good Morning Traders
[06:29 am] Kris : This morning I’m watching
NWSA, RBCN, HLS, CENX, CLX and QLIK as
possible shorts
[06:29 am] Kris : and I have SPPI, NOC, REDF,
SWN, and CHK as possible longs
[06:30 am] Kris : SINA long
[06:30 am] Kris : NWSA short
[06:30 am] Kris : AVAV short below 31.85
[06:31 am] Kris : stop CHK below 31.44
[06:31 am] Kris : ROSE long
[06:31 am] Kris : CHK long small position
[06:32 am] Kris : start with half on QLIK,
look to add on a bounce
[06:32 am] Kris : QLIK short
[06:33 am] Kris : stop SINA under 117.87
[06:33 am] Kris : RIG long
[06:34 am] Kris : REDF long
[06:35 am] Kris : RENN short small
position
[06:35 am] Kris : looking for new low in
NWSA
[06:35 am] Kris : stop REDF under 12.88
[06:36 am] Kris : watching AMGN for a bounce
to short into
[06:36 am] Kris : NVLS short below 31.40
[06:37 am] Kris : WLL long half position
[06:37 am] Kris : stopped SINA
[06:38 am] Kris : SPY consolidating under
hod[06:39 am] Kris : CLX short half
position
[06:40 am] Mitch K: watching VRX for a top to
short
[06:40 am] Kris : RIG consolidating, looking
for a new high
[06:41 am] Kris : NVLS short
[06:42 am] Mitch K: watch for a rebound to
short CLX
[06:42 am] Kris : RIG new hod[06:42 am] Kris
: QLIK short second half
[06:42 am] Kris : look to add to RENN if you
can get it short
[06:43 am] Kris : SWC short
[06:44 am] Mitch K: EQT turning over
[06:44 am] Kris : VMED short half position
[06:45 am] Kris : watching RENN for a new
low
[06:45 am] Kris : SPY new lod[06:45 am] Kris
: NWSA new lows
[06:46 am] Mitch K: CNX turning over
[06:48 am] Mitch K: watching EMR
[06:49 am] Mitch K: should have stopped on
EQT
[06:49 am] Kris : WLL long second half
[06:49 am] Kris : SPY bouncing
[06:50 am] Kris : looking to add second half
CLX short here soon
[06:50 am] Kris : look for the SPY to make a
new low
[06:52 am] Mitch K: watching ENDP for
bottom
[06:52 am] Mitch K: ENDP looks bottoming
[06:53 am] Mitch K: watching ALXN, also
monitoring VRX for short here again
[06:53 am] Kris : RIG new hod[06:54 am] Mitch
K: monitor SOHU for bottom
[06:55 am] Mitch K: watch SINA for bottom,
should be soon
[06:55 am] Mitch K: EQT toppy again
[06:55 am] Mitch K: Consider reducing ENDP
[06:55 am] Kris : consumer confidence numbers
coming out
[06:55 am] Kris : confidence numbers came in
lower than expected
[06:56 am] Mitch K: SP-500 low of day and
dropping
[06:56 am] Kris : short second half CLX
here
[06:57 am] Mitch K: SOHU going to give good
bottom for long bounce
[06:57 am] Kris : SPY selling off
[06:57 am] Kris : RENN new lod[06:57 am] Kris
: out half QLIK
[06:57 am] Kris : look to cover some RENN
short here in this area
[06:59 am] Mitch K: VRX powering up, consider
small long
[06:59 am] Mitch K: many stocks should bounce
with indexes
[06:59 am] Kris : VRX long small position
[06:59 am] Kris : out half SWC short
[07:00 am] Kris : out half RIG long
[07:01 am] Kris : NBR long half position
[07:01 am] Kris : out another 1/4 RIG long
[07:02 am] Mitch K: consider reducing ENDP
[07:02 am] Kris : looking for CLX to make a
new lod[07:03 am] Mitch K: watch for
shortable top on ENDP but watch for 40.50
area and see if new highs
[07:03 am] Mitch K: consider reducing SINA
[07:03 am] Kris : out another 1/4 QLIK
short
[07:04 am] Kris : looking for next new lod in
RENN
[07:05 am] Kris : RIG staying with trendline,
look for new highs.
[07:05 am] Kris : BAX long half position
[07:06 am] Kris : QLIK new lod[07:06 am] Kris
: market acting a little manic today
[07:07 am] Mitch K: looking for CLX to make
lower lows, below 73
[07:07 am] Mitch K: ENDP turning over,
[07:08 am] Mitch K: new low on CLX, that’s
what you want uptick
[07:08 am] Kris : look to cover more RENN
short here
[07:08 am] Kris : CLX trying to lose 73.0
[07:09 am] Mitch K: CLX should head to 72.50
area now
[07:11 am] Kris : COST short half position
[07:12 am] Kris : out 1/4 CLX short
[07:12 am] Mitch K: new low on CLX again
[07:12 am] Mitch K: if anyone is short EQT,
consider covering some
[07:12 am] Mitch K: anyone else beside uptick
short CLX?
[07:13 am] Mitch K: my take on CLX is
probably no panic to close the short, you
should be able to pick your price in
increments
[07:13 am] Kris : thanks Mitch
[07:13 am] Kris : SPY trying to bounce
[07:14 am] Kris : long second half BAX
[07:16 am] Kris : no I took my +1%
scalpman[07:16 am] Kris : it was a short
right on the open scalpman.
[07:17 am] Mitch K: on a stock like CLX, i
use these little small rebounds to get better
prices on short, to add to short if i had
covered some earlier
[07:17 am] Kris : yes scalpman[07:17 am] Kris
: RENN still looking weak
[07:17 am] Kris : QLIK looking sickly, not
much of a bounce here
[07:18 am] Kris : AMP short half position
[07:19 am] Mitch K: new low on SP-500
[07:19 am] Kris : SPY new lod[07:19 am] Kris
: OSIS ALERT
[07:19 am] Kris : OSIS ALERT
[07:19 am] Kris : Brent’s scan was leaked to
the internet and they’re thinking about
getting rid of the scanners.
[07:19 am] Kris : body scanners bad news came
out
[07:21 am] Kris : out all QLIK short
[07:22 am] Kris : out all RENN short
[07:22 am] Kris : looking for another new low
in CLX
[07:23 am] Mitch K: arrange your trades to
parallel the indexes uptick
[07:24 am] Mitch K: watching ESRX for
bottom
[07:24 am] Kris : out another 1/4 CLX
short
[07:25 am] Mitch K: CLX should get to 72
area
[07:26 am] Mitch K: never mind, OSIS too big
spread
[07:26 am] Mitch K: look at OSIS for bottom,
start small
[07:29 am] Mitch K: getting a bounce in SP
500, should pull up most stocks, CLX probably
starts bouncing
[07:30 am] Kris : AMP short second half
[07:31 am] Mitch K: CLX looks real weak
still
[07:31 am] Kris : spy still looking weak,
look for lower lows
[07:34 am] Kris : short second half COST
[07:38 am] Kris : out half AMP short, looking
for new lod on the rest
[07:39 am] Mitch K: consider closing CLX
[07:41 am] Kris : yes scalpman[07:43 am] Kris
: I’m done with bax asantern[07:44 am] Kris :
what’s your entry?
[07:44 am] Kris : no, that is fine
scalpman[07:46 am] Kris : stop rest NBR long
under 25.22
[07:46 am] Kris : out half NBR long
[07:49 am] Kris : Yes, I’m still long WLL
[07:49 am] Kris : stop WLL below 57.73
[07:50 am] Kris : out another 1/4 NBR long
[07:51 am] Mitch K: monitoring GHL
[07:59 am] Mitch K: consider short here 67.60
area for COG
[08:03 am] Mitch K: looking for under $67 on
COG
[08:09 am] Kris : yes scalpman, stop over
80.08
[08:40 am] Brent : you too rd, take care
[08:51 am] Kris : take smaller positions and
try to do more trades but make sure you
understand the strategy.
[08:51 am] Kris : I recommend virtual trading
a new strategy until you get your confidence
with it
[08:58 am] Kris : We’re putting together a
webinar series scalpman on all the new
strategies.
[09:10 am] Kris : Have you been gone for a
while scalpman?
[09:13 am] Kris : out all NBR long
[09:13 am] Kris : looking for COST to make
another move down and test the lod.
[09:16 am] Kris : Taking a higher number of
trades with smaller position size will
improve consistency day to day and slowly
build your account. Then you can increase
your positions sizes relative to your account
size and make more money on the same
trades.
[09:17 am] Kris : You might be able to have
home run days twice a week
[09:17 am] Kris : The larger your positions
and the fewer your trades per day, the
greater your P&L volatility and less
consistent days.
[09:17 am] Kris : So it’s a trade off
[09:17 am] Kris : but you could have a losing
day or two
[09:17 am] Kris : but confidence is huge with
trading
[09:18 am] Kris : so it’s my opinion to work
on getting consistent gains each day.
[09:18 am] Kris : if you focus on the trades,
the money will come naturally.
[09:18 am] Kris : don’t focus on the money,
focus on the trades
[09:19 am] Kris : You can use the full 100k
if you have that many high quality trades
that fit into your strategy or strategies at
that time of day.
[09:20 am] Kris : work on building your
account and making consistent gains, then
when your account is 150k or 200k you can do
15k to 20k positions and make more money per
day with the same trades.
[09:20 am] Kris : With you scalpman, I think
you might work best with about 10-12k
positions and not have more than 6 on at any
given time.
[09:20 am] Kris : that should still leave you
some bullets if you need them.
[09:21 am] Kris : delayed gratification
[09:22 am] Kris : Also trading isn’t going to
be the same every day. Today was probably
the worst day I’ve had in a few weeks. A
chimpanzee could have picked better trades
than me this morning.
[09:23 am] Kris : So you’re gonna have a day
when everything doesn’t go your way. It’s
part of trading.
[09:23 am] Kris : Have a good weekend
Scalpman. Recharge and we’ll see you back on
Monday.
[09:43 am] Brent : watching GHL for a bounce,
close to support here
[09:43 am] Brent : support 47.50 area as
Rusty said
[09:45 am] Kris : out half COST short
[09:45 am] Brent : I don’t look at how much
it’s been down today niko. I look for a
setup of increasing volume with decreasing
price heading into a support area
[10:28 am] Kris : GMO halt pending news
[10:33 am] Kris : AVT short half position
[10:55 am] Kris : long very small position in
NOC as a swing trade.
[10:57 am] Kris : WBS upgrade
[10:58 am] Kris : watch GHL if it fails the
lows, could be a good short.
[11:01 am] Kris : COST coming down into a
possible triple bottom, look for a break
below 79.40
[11:08 am] Kris : short second half AVT
[11:08 am] Kris : looking for lower lows
AVT
[11:10 am] Kris : GHL new lod[11:15 am] Kris
: there she goes
[11:15 am] Kris : look to start covering some
of GHL if you got it short on the new low
[11:16 am] Mitch K: increasing volume on GHL,
usually bounces
[11:19 am] Kris : Patience uptick. Market
holding up a little here.
[11:21 am] Kris : that is fine uptick
[11:28 am] Kris : SPY looking like it wants
to test the lod.
[11:30 am] Kris : BX breaking below 200 sma
on daily support and previous lows
[11:31 am] Kris : it’s borderline with where
we are in the day for trying to take this
short. I’ll pass but a small position would
have low risk.
[11:32 am] Kris : BUD at resistance, I would
like to watch this for a long on Monday over
56.00 if it doesn’t break today.
[11:38 am] Kris : look to cover the rest of
GHL if you still have some short
[11:42 am] Kris : ARCC is another possible
short. Will save an alert on it for Monday
below 15.45
[11:57 am] Kris : Yes Steve, I’ve been over
90% winners about the last 6 weeks.
[11:58 am] Kris : You’ll get there
Candelas.
[11:58 am] Brent : 80% is great too
[12:02 pm] Brent : watching IRM for a bounce,
but would like to see it drop more
[12:05 pm] Brent : QLIK approaching lod[12:07
pm] Brent : it’s a very useful tool to have
custom orders to where your targets and stops
are automatically placed when your order is
filled. Then you can drag them into place
exactly where you want them
[12:13 pm] Brent : IRM hitting some
resistance here, consider reducing some if
you took it long
[12:16 pm] Brent : next target is 34.52 area
on IRM
[12:18 pm] Kris : watch NBR Monday for
another long over today’s hod.
[12:21 pm] Kris : that’s good
[12:22 pm] Kris : or PUDA is holding them
[12:22 pm] Kris : I know people still holding
PUDA against their will
[12:23 pm] Kris : I know candelas has 1
share
[12:25 pm] Kris : MHK possible short below
55.00 for tomorrow or next monday[12:31 pm]
Kris : SPY moving up
[12:31 pm] Kris : heading for hod[12:43 pm]
Mitch K: thanks lightning
[12:44 pm] Mitch K: jjammerp, we have been
also talking in the Participants chat box,
not just the Tsa comments box
[12:47 pm] Brent : you too uptick, good
job
[12:49 pm] Mitch K: thanks for HOGS
lightning
[12:49 pm] Kris : did I already talk about
AMAT for tomorrow?
[12:51 pm] Kris : AMAT is another potential
continuation trade to the short side
tomorrow.
[01:00 pm] Kris : Great job today everyone!
Have a good night and I’ll see you all back
here tomorrow to close out the week.
[01:00 pm] Kris : Great Job Today Everyone!
Enjoy your weekend and I’ll see you all back
here Monday morning.
[01:00 pm] Brent : have a great night
everyone, see you in the morning.
[01:01 pm] Brent : Have a great weekend
everyone, great job this week, and see you
Monday
[01:03 pm] Mitch K: bye ladies
[01:07 pm] Mitch K: later guys see you
tomorrow
|
[05:39 am] lorie : CLX
[05:39 am] lorie : FLIR
[05:43 am] baz6308 : clx earnings?
[05:43 am] baz6308 : nice pop Google
[05:43 am] mikewd2 -: ICAHN to buy CLX
[05:44 am] mikewd2 -: price for CLX is
76.5/share
[05:50 am] baz6308 : HK
[05:53 am] joeytsa : Good morning…nice pop
in GOOG for those who got in
yesterday…anyone think we will see a big
pullback in GOOG later?
[05:54 am] mikewd2 -: BHP to buy HK for
38.75/share
[05:55 am] mikewd2 -: joey, i was hearing
last night analyst putting targets upwards of
900/share on google.
[05:56 am] joeytsa : yeah i heard a few
things like that…I don’t trust analysts
🙂
[05:58 am] joeytsa : it might stay strong
today…but if I see it crack i just might
jump on one of the weekly puts
[06:06 am] joeytsa : seeing that $68 gap up
reminds me of the late 90’s
[06:13 am] mikewd2 -: Kris, mentioned PUDA
yesterday – anyone holding it?
[06:14 am] baz6308 : I think it’s a standard
joke
[06:14 am] baz6308 : puda[06:15 am] mikewd2
-: unfortunately, I have some of it – bought
at 6
[06:18 am] joeytsa : today’s calendar..11am
est Obama speaks, 12pm est euro bank stress
test results…might get interesting around
then
[06:20 am] leo : Good morning Mitch, Brent,
Kris and fellow traders, let’s start a
wonderful day.
[06:20 am] scalpman : Energy Sector is up
today
[06:21 am] lightning : re-reading Martin
Pring’s Technical Analysis Explained. Very
good book.
[06:22 am] joeytsa : thanks lightning..might
have to get that one…
[06:23 am] joeytsa : at one time, schwab had
a bunch of videos with pring talking ta..not
sure if they are still there, will check
later
[06:28 am] lightning : Good luck everyone.
Let’s make some good trades
[06:28 am] mikewd2 -: cramer discussion GOOG
future earnings could go to $40/share
[06:47 am] staz : Out NWSA swing @ 14.9
after sell yesterday @ 15.42
[07:00 am] observer : Thx, Mitch, ENDP
[07:03 am] uptick : S CLX 73.86
[07:07 am] joeytsa : sure is Kris..might get
wackier later too..Obama, euro bank stress
tests
[07:08 am] duckfan : Watching C
[07:13 am] barbaralla : clx
[07:13 am] joeytsa : RIG moved on an upgrade
to $80
[07:13 am] johncraig : short CLX still
[07:13 am] lightning : VRX not holding up
well
[07:13 am] niko : Yes, CLX at $73.85
short
[07:13 am] skydiver : I’m short CLX
[07:13 am] skydiver : ok sounds good
Mitch
[07:13 am] skydiver : yes –
[07:14 am] apple : yes CLX S 73.87
[07:14 am] joeytsa : boener speaking
cnbc[07:14 am] mriguy -: Yep. I just covered
some CLX at 72.61. Will probably close when I
drive to work. Bad things can happen driving
to work. I know.
[07:14 am] uptick : CLX looks trendy
[07:15 am] mikewd2 -: is CLX still a short
after this bounce?
[07:15 am] scalpman : At 1%
[07:15 am] scalpman : Kris are you stopped
on NWSA?
[07:17 am] scalpman : took the profit?
[07:18 am] joeytsa : RIG cracking?
[07:18 am] uptick : Good Idea Mitch, I only
started with a 1/2 position on CLX..will do
that
[07:21 am] uptick : Been staring at BAX to
get in, but think I’ll stick to shorts
today
[07:23 am] apple : great advice, K, thx
[07:23 am] uptick : No kidding, I only lose
when I fight the tape
[07:24 am] mhaus : cde[07:25 am] rusty :
AMR new lows
[07:26 am] duckfan : Watching HANS
[07:27 am] apple : thx, MK
[07:28 am] mhaus : SQQQ
[07:28 am] stevemld : watching PXD for S
entry
[07:31 am] uptick : Nice one Kris &
Mitch CLX plus 1…out all
[07:35 am] Mitch K: good one uptick,
[07:37 am] mhaus : COF
[07:40 am] scalpman : Kris Are you stopped
on BAX?
[07:42 am] asantern : Kris: Any idea about
BAX?
[07:42 am] scalpman : I have stop at 60.71?
Too low?
[07:44 am] duckfan : Watching GHL
[07:44 am] scalpman : 61.30
[07:45 am] asantern : bax 61.26
[07:45 am] scalpman : I was at 1%
[07:45 am] scalpman : too much perhaps on a
$60 stock?
[07:46 am] duckfan : Selling all of HANS
[07:46 am] eyes-inthenow : TIE Alert
[07:48 am] scalpman : ESRX L @ .72 avg
looks good, Mitch!
[07:48 am] uptick : Kris, u still in WLL?
[07:49 am] apple : out all CLX 72.88
[07:49 am] eyes-inthenow : TIE alert
[07:49 am] lightning : watching HOGS for a
possible long
[07:52 am] rusty : SWC hod[07:53 am] hguru
: GHL – take a look possible climb
[07:54 am] hguru : ah O MK scary
[07:54 am] hguru : I did not see your post
when I put it up
[07:55 am] eyes-inthenow : Did anyone get
TIE
[07:57 am] randall : watching sina[07:57 am]
scalpman : Kris, what is your status on
COST?
[08:00 am] uptick : S NWSA 15.30
[08:07 am] scalpman : Kris, Are you still in
COST S..?
[08:10 am] truck : out ESRX , 51.90 ,plus
.24
[08:11 am] scalpman : stopped on COG small
loss
[08:11 am] stevemld : cg acting strong
[08:11 am] truck : Thanks Mitch,,,ESRX[08:12
am] stevemld : COG sorryu[08:13 am] scalpman
: All out AMP small profit
[08:15 am] asantern : Mitch K:Is COG still
Promising?
[08:16 am] scalpman : All out GHL Small
profit 10c
[08:18 am] scalpman : Out 3/5 ESRX
[08:19 am] duckfan : ag stocks really taking
off
[08:19 am] lightning : LOL, nice wick on
FCX.
[08:22 am] scalpman : All out ESRX 18c
avg[08:22 am] scalpman : COST moving down
[08:23 am] scalpman : Stopped on BAX
[08:24 am] asantern : Any idea on COG?
[08:24 am] scalpman : Stopped on COST…
[08:25 am] scalpman : sorry not
stopped…
[08:26 am] pow : put up sina[08:31 am] mhaus
: JVA going strong today
[08:32 am] rusty : GHL radar
[08:33 am] rusty : MLI continued radar for
bull-type short – needs more volume
[08:40 am] rd : Need to leave. Thx for clx.
Great wkend to all
[08:40 am] scalpman : I had a lot of small
profits, but a couple of big stops that ate
the profits. I missed a couple cause I ran
out of money.
[08:40 am] scalpman : Kris, I am attempting
to mirror your trades. I don’t have as big an
account so, I am using small positions,
$10,000 in place of $20,000. etc.
[08:41 am] scalpman : The Wide stops are
good but if hit by a couple of positions, it
turns the day red…Can you comment on this
technique?
[08:42 am] rusty : if you are running out of
money, you are in too many trades or
positions too large
[08:42 am] scalpman : Particularly , SINA,
REDF and NVLS. I also got stopped on COG.
[08:43 am] rusty : sounds simple but you’re
taking a risk if you running up to your
capital limits
[08:44 am] scalpman :
[email protected]…if you have time.
Thanks.
[08:44 am] scalpman : my email is in your
system…if better to comment there
[08:47 am] jjammerp : is the market pausing
for the euro bank test?
[08:47 am] scalpman : I trying to figure how
to minimize the losses…
[08:47 am] scalpman : On the good side, I
was in from the beginning on CLX…big
profits. So I see the value here.
[08:48 am] rusty : don’t count the ones you
are missing imo[08:48 am] scalpman : NBR was
good but missed it as I was out of cash.
[08:49 am] mhaus : Keep some wiggle room on
your shorts for SINA
[08:49 am] mhaus : scalpman, on SINA you
have to be patient as it has a lot of
fluctuations in price.
[08:49 am] rusty : pay more attention to the
positions you are in
[08:49 am] scalpman : rusty, that’s not the
context I am talking about.
[08:50 am] mhaus : I made $1000+ on SINA
today
[08:50 am] mhaus : You will not be able to
catch all trades
[08:50 am] rusty : sure if you have
unlimited capital
[08:50 am] scalpman : There are a wide
number trades going on and as a percentage,
when you can’t play one, that becomes a good
trade, it affects the overall average.. That
is my point.
[08:51 am] apple : you have to learn to be
choosey at this point
[08:51 am] mhaus : Just focus on a few and
execute them per the charts
[08:51 am] rusty : agree apple
[08:51 am] rusty : and then you will miss
all the trades
[08:51 am] rusty : if you go to your $
limits one day you gonna lose your $
[08:52 am] rusty : sounds simple but have
been there before
[08:52 am] scalpman : Kris…is the
technique on these Open-Gap plays, written
anywhere. I heard that it might be posted.
[08:53 am] leo : What size is optimum for
day trading? I understand it may depend on
various factors. But I am asking for good
profit and protecting from big lost.
[08:55 am] Brent : it depends on your account
size and experience leo[08:55 am] scalpman :
Understood…thanks Kris…
[08:56 am] scalpman : Kris…the action of
the technique…matches my personality
well.
[08:57 am] kirkg : Some good points brought
up about money management. Probably not
stressed enough.
[08:57 am] pow : ghl i a long?
[08:57 am] scalpman : Will you publish
something on this, or perhaps in a DVD…?
[08:58 am] qwert : cog consolidation over 45
mins, looks like it should break hard one way
or another
[08:58 am] scalpman : Kris, do you
automatically take 50% profit at 1% move.
[08:59 am] apple : sounds great, thx K and
TSA
[08:59 am] gecko : Kris that would be
great
[08:59 am] scalpman : Tradestation has a
order screen which shows all trades and
percentages.
[09:00 am] apple : gecko, 12:00 reversal
coming up
[09:00 am] leo : For example, minimum
account size for day trading is 25,000, so if
I take small positions, it will not make good
profit. If I take large position and the
trade goes opposite direction, it will hurt
me. So I would like to know the optimum sizes
for scalping and swing trades.
[09:00 am] rusty : 8 failures
[09:00 am] rusty : EU STRESS TEST
[09:00 am] rusty : RESULTS
[09:00 am] scalpman : So you can watch…I
wonder though if it better to just put the
cover or sell in place?
[09:01 am] derns : ZSL..does anyone have an
opinion on a swing trade here?
[09:01 am] scalpman : I had 11…
[09:02 am] scalpman : COG may drop
[09:02 am] vans : AMZN, SORRY
[09:02 am] vans : aMZO AGIANST mONEY ZONE,
VWEB, STO PEAKED, AND STILL KEEPS CLIMBING.
SHOULD TURN
[09:04 am] rusty :
http://stress-test.eba.europa.eu/pdf/EBA_ST_2
011_Summary_Report_v6.pdf [09:03 am] scalpman
: Kris, Excellent. Looking forward to
that!
[09:04 am] vans : DARN IT, AMZN BROKE
THROUGH AGAIN
[09:05 am] 3be : must be good report
[09:05 am] mhaus : FSLR
[09:06 am] vans : NFLX SOON
[09:07 am] maxbor : Vans – turn off the caps
– for stocks
[09:13 am] Brent : as far as position size
for a 25K account. I wouldn’t go over the
$12k size
[09:13 am] Brent : Leo, the key is to get
consistent with your trades (and you might
be, I’m just talking in general). When you
get up to a point where 80% of your trades
are winners, then the losses don’t really
matter, because if you trade exactly the same
setups and be consistent everyday you are
going to be ahead.
[09:14 am] Brent : swing trade, I would be
less. Like 4-5K
[09:14 am] Brent : that is for
daytrades[09:14 am] leo : Thanks Brent.
[09:14 am] scalpman : Still here!
[09:14 am] scalpman : Yes…I see COST!
[09:15 am] Brent : It may not seem like a
lot, but when trading is consistent, that
account size will grow exponentially very
quickly and you can gradually move up your
position size
[09:15 am] Brent : make sense?
[09:15 am] leo : It means I cannot take
another positions with the remaining
money?
[09:16 am] Brent : but starting out, I would
recommend no more than 2 positions, until you
get comfortable with that
[09:16 am] Brent : no, you can. I would limit
each position to 10-12k
[09:16 am] leo : I see. Thx Brent.
[09:16 am] scalpman : Daytrade x4 give you
$100 to work with…so you could put on
several small positions.
[09:17 am] scalpman : ..on a $25000
account
[09:17 am] scalpman : So you are saying
don’t use the full $100K
[09:18 am] leo : Thank you Brent and Kris. I
got a new view.
[09:20 am] scalpman : Thanks Kris…that is
good advice that I appreciate.
[09:21 am] mikewd2 -: Icahn on cnbc
discussing CLX takeover
[09:21 am] scalpman : I’ve been having a
rough couple of weeks. Trying to get back on
track and some positive runs.
[09:22 am] apple : yes, thanks K and B for
the good advice
[09:22 am] scalpman : Bye all…thanks for
great advice Kris and Brent
[09:23 am] mikewd2 -: I don’t like those
days!
[09:23 am] pow : how do you get the program
to mark the blue dotted line of new lows,
example GHL
[09:24 am] jjammerp : are we looking catch a
bounce on ghl/
[09:25 am] jjammerp : or was ghl already a
short?
[09:25 am] randall : watching google; for
anyone who wants to consider shorting
[09:26 am] Kris : pow, that is esignal
current day high and current day low
[09:26 am] pow : thanks, i just got it so i
will look for it
[09:27 am] maxbor : Kris – where is your
stop on COST ? S .63 stopped .03
[09:30 am] pow : what topic is that under
in esignal….tools?
[09:31 am] vans : Kris, do you typically buy
stocks on the one min. and sell using 5 or
fifteen min?
[09:33 am] rusty : LNKD hod[09:34 am] rusty
: GHL previous low in June 47.59
[09:34 am] vans : rrc should bounce .20
[09:36 am] rusty : GHL earnings next week
[09:38 am] mikewd2 -: cnbc saying most likely
there will be competing bids for CLX
[09:41 am] qwert : volume picking up in
ghl[09:42 am] rusty : GHL high radar
[09:44 am] niko : GHL
[09:44 am] niko : With the big drop today,
what are the changes it will rebound?
[09:45 am] rusty : don’t chase it buy on or
below bid… let it come to you
[09:49 am] duckfan : Thanks for GHL guys,
good quick trade
[09:50 am] leo : Are you out duckfan? There
is no exit signal on my 3 min chart yet.
[09:50 am] mikewd2 -: missed GHL, had bid at
47.6
[09:50 am] observer : Thx, Brent GHL
[09:51 am] duckfan : I’m Leo, got almost
1percent, so I decided to play it safe
[09:52 am] eyes-inthenow : that was a quick
27.00 dollars
[09:52 am] leo : You are right. It is
down.
[09:52 am] mikewd2 -: well i own it now
[09:53 am] eyes-inthenow : hey I got Lunch
money
[09:54 am] rusty : see the volume stick
[09:54 am] rusty : we just had the panic on
GHL
[09:55 am] tennisball : Brent, using esignal
. simple steps to place high low on chart?
thks[09:57 am] Brent : lol, don’t remember
tennisball. One second
[09:58 am] Brent : it’s fine, just found it
lightning, thx
[09:58 am] lightning : Brent, I know. Do
you not really remember? I can explain it to
tennis
[09:58 am] Mitch K: sure go lightning
[09:58 am] tennisball : I forgot myself-been
working on this seems all am.
[09:59 am] Brent : right click on chart, then
click formulas, then OHLC, then today’s
low
[09:59 am] Brent : then do the same steps and
choose today’s high
[10:01 am] Brent : did you get it
tennisball?
[10:01 am] tennisball : thks, I do the same
with only the highlights in top left with no
showing of high and low. anyway thks[10:06
am] tennisball : I have the h/l now , found
a matching color with background. so much to
know (forget)
[10:08 am] pow : Kris, could not find how to
check auto new lows or highs please show me
on the chart
[10:10 am] Kris : what charting software are
you using pow?
[10:10 am] pow : esigal pro
[10:10 am] pow : version 10.65
[10:13 am] Brent : yes
[10:13 am] lightning : yes
[10:13 am] mhaus : yes
[10:14 am] apple : loud and clear
[10:14 am] pow : I found it thanks
[10:15 am] johnny : New low for SODA?
[10:15 am] tennisball : now , unable to
change colors when I change colors and hit
apply
[10:16 am] mikewd2 -: lower lows on each
bounce
[10:16 am] mikewd2 -: NFLX been nice short
over last couple hours
[10:17 am] lightning : tennis, you have to
click on the small box left of the color
chooser
[10:18 am] rusty : GHL bounce
[10:19 am] candelas : sold half ghl 48.01
[10:19 am] candelas : stop b/e[10:19 am]
mikewd2 -: need GHL to break thru 48.29
[10:19 am] tennisball : Ah, I got it, thanks
Lightning. any color I want now. ha
[10:21 am] candelas : last 1/4 will trail
[10:21 am] candelas : out another 1/4
48.10
[10:21 am] rusty : sold GHL
[10:21 am] rusty : ty for shopping TSA
[10:23 am] candelas : stop last 1/4 ghl
48.1
[10:23 am] pow : 1 point move in GHL….good
out is at 38%
[10:24 am] candelas : thx guys for GHL
[10:24 am] pow : one more question how do
you get your cross cursor to show price on
right axles
[10:26 am] mikewd2 -: out GHL 48.15, nice one
thanks
[10:27 am] lightning : Pow, right click the
chart. Select “Cursor”, select “Properties”.
Then click on the box next the bottom under
Axis Cursor Labels”
[10:29 am] rusty : JVA hod[10:34 am] mriguy
-: new lod on AEA
[10:41 am] rusty : ZAGG radar hod[10:48 am]
rusty : Kris pls resend pm..not sure what
happened
[10:50 am] texas : infa lod[10:53 am]
mikewd2 -: GHL increasing volume
[11:04 am] rusty : BKX lod[11:09 am] rusty
: DJ: Fears Over Greenhill Defections On
Display
[11:15 am] Brent : great call Kert[11:16 am]
Brent : on GHL
[11:17 am] uptick : Nov if only AVT does the
same…S .65
[11:18 am] rusty : nice call kris[11:18 am]
vans : THANKS HUGE GOBBS kRIS – GHL
[11:20 am] uptick : I see that…is .75 too
tight for AVT?
[11:22 am] uptick : Stopped out on COST
because stop was too tight…
[11:24 am] tennisball : ghl short 46.44
covered half 4610
[11:25 am] leo : Is GHL bouncing for
LONG?
[11:26 am] tennisball : ghl covered last
half at 46.01
[11:27 am] vans : ghl great ride, thanks
again, huge profits
[11:29 am] uptick : it just broke thru major
support of the day…
[11:31 am] apple : thx, K, for GHL
[11:32 am] rusty : S&P Puts ‘AAA’
Rtgs On US Insurance Groups On Watch
Neg[11:32 am] uptick : AVT one penny over
LOD
[11:36 am] rusty : JVA moving down pretty
fast
[11:40 am] rusty : XCO hod[11:42 am] uptick
: AVT new LOD
[11:43 am] kirkg : jva lod[11:46 am] vans :
saw rounded bottom ghl and took one more
helping, thanks again
[11:49 am] randall : I am thinking java
could be a long swing
[11:50 am] stevemld : Kris I’ve been trying
to keep up with u early on ur breakout trades
and ur success rate seems really high do u
know what it is?
[11:50 am] wyldrose : looking fo a long
aapl[11:56 am] jjammerp : I think he is just
good, and we are in the process of becoming
good Steve. I can’t keep up in the am
[11:57 am] joeytsa : way to go Kris !!!
[11:57 am] vans : out ghl[11:58 am] apple :
bravo, K!
[11:58 am] candelas : Im only at 80%. I got
ways to go
[11:58 am] mbear : Dang Kris…you da
man!!
[11:58 am] mikewd2 -: I’m about 80%, but my
loses are sometimes way bigger.
[11:59 am] candelas : thx Brent
[11:59 am] candelas : When we first started
in room I was 57%
[11:59 am] mikewd2 -: i turn day trades into
swings, which i know i shouldn’t
[11:59 am] mikewd2 -: need to place stops on
every trade, I’m bad about that
[12:00 pm] candelas : it took a while to
learn to have patience and wait for your
price
[12:00 pm] leo : Great Kris. I am slow and
working with only two screens. I was lagged
in exit and trapped in some trades.
[12:00 pm] vans : 80% is fantastic candelas,
shows you can wait for the setup, hard to
do.
[12:01 pm] joeytsa : its less expensive when
you learn from my mistakes haha[12:01 pm]
joeytsa : mikewd2…at least you see the
issue, many don’t
[12:01 pm] mikewd2 -: usually my mistakes
happen when i go outside the “Kris” trades
[12:01 pm] mikewd2 -: yeah, I’m trying to
learn from my big mistakes
[12:02 pm] candelas : Mitch said it best,
when u get good at strategies ur emotions
will determine how much you make
[12:04 pm] stevemld : that is really great.
i have only been getting 60-70% of what u do
but i can tell ur percent winners is high
still can only manage about 3 trades at a
time
[12:05 pm] joeytsa : another lesson i
learned…always know your exit b4 you enter
a trade
[12:05 pm] mikewd2 -: that’s what I need to
learn a bit better, Joey!
[12:07 pm] lightning : Brent, Lightspeed
doesn’t have such a way to have auto
stops/targets, does it?
[12:07 pm] qwert : Brent- can you do that
with lightspeed[12:10 pm] joeytsa : looks
like you can do some kind of custom order at
lightspeed[12:10 pm] leo : Brent it sounds
advanced to me. How can we know the
target?
[12:10 pm] vans : wish I had discipline to
let ghl ride, missed a lot of upside.
[12:11 pm] hguru : and when the price takes
off quicker then you expected either way it
is nice to have the profit or protection be
there when you cannot physically catch the
movement fast enough
[12:11 pm] joeytsa : not sure if LS has oco
orders..i am still new with LS
[12:12 pm] Brent : no Lightning, I don’t
think you can
[12:14 pm] Brent : Leo, targets are generally
support and resistance areas. For example,
moving averages, and previous consolidation
areas.
[12:14 pm] niko : TOS has those features to
select your targets before you enter your
order. I has a very interactive platform
[12:15 pm] Brent : Study all you can about
support and resistance. Understanding it
goes a long way in being more profitable
[12:17 pm] Brent : that’s right leo[12:17 pm]
hguru : Brent have you ever heard of the
Darvas Box
[12:17 pm] hguru : I use TOS and the active
trader to place orders and move the targets
and stops around either click and drag right
on the pricing ladder or directly from the
screen it is very cool
[12:17 pm] leo : 50 days moving average is
34.52 for IRM isn’t it Brent?
[12:17 pm] vans : I think playing the one
min charts makes me react too quickly and
lose pot.
[12:18 pm] Brent : yes hguru, I’ve been
studying those
[12:18 pm] hguru : Brent have you ever heard
of the Darvas Box
[12:19 pm] Brent : jjammerp what broker do
you use?
[12:19 pm] hguru : i have been using it for
the last month and really makes a difference
in seeing the current support and
resistance
[12:19 pm] jjammerp : My timing for selling
is usually poor, ie, i bail to soon on good
trades. Brent/Kris, any suggestions? Seems
to be the only thing between me and winning
every day.
[12:19 pm] stevemld : seem to be missing
posts in TSA box last post 12:05
[12:20 pm] jjammerp : tradestation[12:21 pm]
hguru : the Darvas box is a study that is on
the studies index on TOS found it by
accident just going through all their studies
one day. But I agree support and resistance
lines could be the most important thing I
have figured out since I started trading
[12:22 pm] Brent : it really helped me get
the runners. I had the same problem
[12:22 pm] Brent : ok, if commissions are
low, I would recommend exiting your positions
at 1/2, 1/4, 1/4. What helped me the most is
making a rule that I don’t close my last 1/4.
I keep moving my stop as the price moves,
but my rule is my last 1/4 has to stop out. I
can’t close it
[12:23 pm] apple : B, that sounds like a
helpful plan
[12:23 pm] Brent : you can exit 3/4 then 1/4
if you prefer
[12:23 pm] niko : hgur, you said the Darvas
box is a type of study available in TOS? I am
just confused here
[12:24 pm] 3be : hgur..I use TOS charts and
Darvas never made sense to me but it does now
lol[12:24 pm] Brent : it depends vans.
Sometimes it’s moving averages, sometimes
it’s the previous candle
[12:24 pm] hguru : yes go to the same place
you can get all your studies and look for
Darvas Box
[12:24 pm] jjammerp : makes sense. need to
give it a try, because I miss too many big
moves.
[12:24 pm] joeytsa : great idea Brent on
letting that last 1/4 close itself
[12:24 pm] mikewd2 -: RBCN at 16 month low
[12:24 pm] mikewd2 -: that was one of our
long swing trades a while back
[12:24 pm] vans : When placing your stop –
are you using previous bar bottom 1/8 below –
on 5 min bar?
[12:25 pm] joeytsa : Darvis wrote maybe 2
books that talk about his Box trading
[12:26 pm] Brent : just remember to move your
stop and keep it below the closest support
for a long, and above closest resistance for
a short on the last 1/4
[12:26 pm] hguru : there are lots of
interesting studies out there do not get to
confused with all of them just find ones that
seem to work for you play around with your
platforms
[12:26 pm] skydiver : Thanks Brent — been
learning with everyone else. Good stuff
[12:27 pm] candelas : aapl on a run
[12:29 pm] niko : Markets rallying
[12:30 pm] candelas : I use 5
[12:30 pm] leo : Candelas, btw how many
screens are you using for the trades?
[12:30 pm] leo : On one computer?
[12:31 pm] candelas : i was referring to
monitors
[12:31 pm] candelas : not sure I understand
the question
[12:32 pm] leo : I mean you are using 5
monitors with only one computer or 2, 3
computers.
[12:33 pm] candelas : only 2 computers. 1
has 3 monitors the other has 2
[12:34 pm] candelas : I will be getting a
new system in 2 weeks
[12:34 pm] joeytsa : i use 3 comps/5
monitors…been thinking about getting a quad
setup, maybe 6
[12:35 pm] candelas : well it has been on my
wish list for 2 years now
[12:35 pm] leo : Oh, that’s because you have
80% winners, you can afford it.
[12:36 pm] leo : I envy you. I am a naive
beginner.
[12:37 pm] apple : if you think you can, you
can!
[12:37 pm] apple : no envy, leo, if he can
do it, so can you!
[12:37 pm] candelas : you should not. We all
started out with baby steps
[12:37 pm] leo : I wish I can. May be in
near future.
[12:38 pm] candelas : and most importantly
keep it positive
[12:38 pm] candelas : Put in the study and
it will come
[12:38 pm] leo : Thx apple and candelas.
[12:39 pm] apple : those two again – what a
pair!
[12:39 pm] candelas : always keep the
thought positive
[12:39 pm] Kris : yeah, trust me. if
candelas can do it, anybody can, even
Brent.
[12:39 pm] leo : OK, I am trying to control
my fear and greed.
[12:39 pm] leo : While keeping positive.
[12:40 pm] apple : MK is watching!
[12:40 pm] candelas : algorithmic systems
kicking in to buy aapl as well
[12:40 pm] candelas : gang up day
[12:40 pm] candelas : I set myself up
[12:40 pm] candelas : LOL
[12:40 pm] hguru : apple 364.90 is the High
of the year
[12:40 pm] Kris : lol[12:40 pm] Mitch K: and
if Kris wasn’t on point, then I was ready
myself
[12:40 pm] Mitch K: I saw that one coming a
mile away candles
[12:40 pm] stevemld : lots of blank spaces
in TSA box
[12:41 pm] Brent : refresh the room
stevemld[12:41 pm] Mitch K: it has something
to do with the flash memory or something
technical
[12:41 pm] Mitch K: stevemld, click the blue
X on upper right and refresh your trading
room
[12:41 pm] truck : NBR , new hod[12:41 pm]
vans : funny, playing 5 min chart is harder
to relax and wait.
[12:43 pm] jjammerp : I keep hearing dings,
but nothing
[12:43 pm] lightning : 4% HOGS move in the
last 2 minutes
[12:43 pm] Mitch K: stevemld, you get it?
says Reload conference room in your
browser
[12:43 pm] stevemld : thanks guys
[12:44 pm] leo : HOGS skyrocketing
[12:45 pm] jjammerp : my bad, scroll bar was
up a little
[12:45 pm] mikewd2 -: CLX at hod[12:45 pm]
mikewd2 -: was
[12:45 pm] truck : out 1/2 plus .12 NBR
[12:46 pm] uptick : Out AVT…small loss,
but still a small profit for the day…have a
good weekend guys and gals.
[12:48 pm] truck : out 1/4 plus .12 NBR
[12:47 pm] babak -: Kris, did you get my
email this morning?
[12:49 pm] lightning : you’re welcome. I
haven’t traded it…not quite sure
how/when.
[12:49 pm] qwert : man aapl is going
crazy
[12:52 pm] jjammerp : hogs is like
groundhogs day with mbi yesterday
[12:54 pm] candelas : bidu try to breakout
as well
[12:54 pm] jjammerp : except that crazy
action
[12:54 pm] vans : Those spikes kill my
stops
[12:54 pm] vans : what luck, almost went
short HOGS
[12:55 pm] candelas : 148.45 and change with
vol. will be interesting for next week
[12:55 pm] truck : out last piece,,plus .14
,NBR,,,thanks Kris
[12:56 pm] apple : thx MK, K, B and
everyone. Have a great weekend all.
[12:56 pm] candelas : 148.43 or 148.63
[12:57 pm] leo : Thank you Mitch, Brent,
Kris and all traders. Have a nice weekend.
[12:57 pm] vans : no fill on BIDU, great
spot Candelas
[12:59 pm] candelas : new 52 high for
aaplc[01:00 pm] candelas : have a great
weekend Mitch, Brent, even Kris and
Traders
[01:00 pm] Kris : lol[01:00 pm] lightning :
Thanks TSA and everyone. See you next
week.
[01:02 pm] terminator : thnkx everyone good
trading
[01:07 pm] hguru : apple closed with a new
High of the Year 364.92 up a dollar from when
i posted what the hi was
[01:14 pm] rusty : thanks and have a good
weekend everyone
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