[06:10 am] Ed : good morning
traders
[06:35 am] Mitch K: watching BHI
for bottom to bu
[06:35 am] Mitch K: MLNX
will give many trades long and short
today
[06:36 am] Mitch K: watching LTM for
bottom to buy
[06:36 am] Mitch K: watching
AOS for bottom to buy
[06:36 am] Mitch K:
watch VVUS for bottom to buy
[06:36 am]
Mitch K: watch HCI today for trades both way,
next one is a short on top of this
bounce
[06:37 am] Mitch K: watching UNH
for bottom
[06:37 am] Mitch K: watching
DHR for bottom to buy
[06:37 am] Mitch K:
watching SWY for bottom to buy
[06:38 am]
Mitch K: missed TIF top but still watch, look
for 56.50 and higher
[06:38 am] Mitch K:
watching SSYS for bottom to buy
[06:38 am]
Mitch K: watching ESRX for bottom to
buy
[06:39 am] Mitch K: MLNX
bouncing
[06:39 am] Mitch K: more downside
on GGC, trades both ways today
[06:40 am]
Mitch K: watch CVS for top for small short,
take time
[06:40 am] Mitch K: monitoring
COF for top, take time
[06:40 am] Mitch K:
watch BIDU for bottom to buy
[06:40 am]
Mitch K: sorry for late post on MLNX, was
watching earlier
[06:41 am] Mitch K: OCZ
worth monitoring today for trades both ways,
mainly long
[06:42 am] Mitch K: watching
ORLY for top to short, take time
[06:42
am] Mitch K: watching LTM closely for
bottom
[06:43 am] Mitch K: watching ESV
for top to short
[06:43 am] Mitch K:
watching MLNX for top to short
[06:44 am]
Mitch K: watching JCI for top to
short
[06:45 am] Mitch K: LTM bottom
soon
[06:46 am] Mitch K: SPY turning
over
[06:46 am] Mitch K: i think ORLY is
going to be a series of small
shorts,
[06:47 am] Mitch K: watching MCD
for bottom, macdonalds hamburgers
[06:47
am] Mitch K: watching CRK for top to short,
lower priced
[06:48 am] Mitch K: watching
GGC closer
[06:49 am] Mitch K: watching
SYK for bottom to buy
[06:49 am] Mitch K:
watchign QCOM for bottom
[06:49 am] Mitch
K: watching SLM for bottom
[06:49 am]
Mitch K: watching ROVI for top to short,
higher risk trade
[06:50 am] Mitch K:
watching GGC closer
[06:50 am] Mitch K:
worth long here LTM
[06:50 am] Mitch K:
LTM bottoming
[06:51 am] Mitch K: watch
CSTR for bottom to buy
[06:52 am] Mitch K:
watching DDS for top to short
[06:53 am]
Mitch K: although should have more
upside
[06:53 am] Mitch K: consider
reducing LTM long
[06:53 am] Mitch K:
gradually sell AOS long
[06:54 am] Mitch
K: watching COH for top
[06:55 am] Mitch
K: watching AKRX for bottom to buy
[06:56
am] Mitch K: looking for 46.50 area
+
[06:56 am] Mitch K: more momentum upside
on LTM left
[06:57 am] Mitch K: probably
more upside on LTM but safer to reduce long
on LTM
[06:57 am] Mitch K: consider
reducing more of LTM long
[06:57 am] Mitch
K: watchign PXD for top to short
[06:58
am] Mitch K: watching TIF for 2nd helping
short
[06:59 am] Mitch K: watchign AGN for
bottom
[06:59 am] Mitch K: forget JCI
short, better ideas out there
[06:59 am]
Mitch K: AKRX bouncing
[06:59 am] Mitch K:
watching PCYC for bottom to buy, still
early
[07:00 am] Mitch K: watching NXY for
bottom to buy; take time
[07:01 am] Ed :
SPY new lod
[07:01 am] Mitch K: consider
selling LTM
[07:01 am] Mitch K: LTM sell
signal soon
[07:01 am] Mitch K: watching
HUM for bottom to buy, missed short
[07:02
am] Mitch K: looking for under 91 on PXD
short
[07:02 am] Mitch K: monitoring
AMRN
[07:02 am] Mitch K: watching UNH for
bottom
[07:03 am] Mitch K: consider
closing LTM long, consider selling
[07:05
am] Mitch K: cover CVS if short
[07:06 am]
Mitch K: HUM turning up
[07:06 am] Mitch
K: consider selling BIDU if long
[07:07
am] Mitch K: housing stocks dumping:
TOL, PHM, DHI, KBH
[07:08 am] Mitch K:
Consider using the little rebound in GGC to
fill short entry. Got to sell long
first though, maybe 33.20 area? be
flexible
[07:10 am] Mitch K: watching AMRN
for top closer
[07:10 am] Mitch K: HUM
long trade failure
[07:11 am] Mitch K:
consider reducing AKRX long
[07:12 am]
Mitch K: early buy signal on ORLY
[07:12
am] Mitch K: so much for my theory of series
of small shorts on ORLY, how about one big
short, buy signal to cover ORLY
soon
[07:14 am] Mitch K: AMRN toppy here
for short entry
[07:15 am] Mitch K: yeah
for sure cover AMRN here 15.35
[07:15 am]
Mitch K: and then look for 2nd helping
short
[07:15 am] Mitch K: you trade AMRN
by feel now, not signals, too fast for
signals, i would consider covering here
15.46
[07:16 am] Mitch K: dont try to
trade AMRN long unless bottoms at 15 area but
too dangerous, slash wrists catching falling
knife, only buy to cover short
[07:17 am]
Mitch K: you guys know to be watching for
shorts on top of the bigger bounces like
LTM?
[07:17 am] Mitch K: ORLY could get
some momentum on rebound
[07:18 am] Mitch
K: QCOM bouncing, should be more upside
left
[07:19 am] Mitch K: more upside on
ORLY
[07:19 am] Mitch K: you should be out
of AMRN
[07:19 am] Mitch K: for
bottom
[07:19 am] Mitch K: still watching
UNH
[07:20 am] Mitch K: dont try to buy
AMRN long, no no no, hands off
[07:20 am]
Mitch K: consider covering DDS
[07:21 am]
Mitch K: watching CLR for 2nd helping
short
[07:22 am] Mitch K: watching
healthcare sector for bottom: HUM, UNH,
UHS, WLP, AET
[07:23 am] Mitch K: consider
selling PCYC if long
[07:24 am] Mitch K:
COST worth watching for bottom to
buy
[07:24 am] Mitch K: COF short still
dropping
[07:27 am] Mitch K: anyone still
long SWY, id consider reducing some
long
[07:28 am] Mitch K: consider covering
COF, not lot of profit
[07:28 am] Mitch K:
watching TPX for top, take time, this has
been hit hard in early June
[07:29 am]
Mitch K: watchign AMRN for 2nd helping short,
looking for 15.65 area to short
[07:31 am]
Mitch K: lower lows on healthcare, keep
monitoring
[07:31 am] Mitch K: still
watching SYK
[07:35 am] Mitch K: UNH
getting interesting
[07:38 am] Mitch K:
could see 54.50 on UNH long
[07:38 am]
Mitch K: if you went short AKRX on top of
bounce, consider covering
[07:40 am] Mitch
K: the whole healthcare group is not bouncing
together so i tend to sell something like UNH
earlier, i get more cautious since not
altogether
[07:41 am] Mitch K: UNH weak
bounce so far, needs to get above
54.15
[07:43 am] Mitch K: selling UNH,
dont care for it,
[07:45 am] Ed : wil not
short it here wait for bounce
[07:45 am]
Ed : watching DISh for potential
short
[07:46 am] Ed : was little late
posting that one
[07:56 am] Mitch K:
consider selling COST
[07:56 am] Mitch K:
costco bounce about over, COST
[07:59 am]
Mitch K: this is COST, Costco
[08:00 am]
Mitch K: there isnt a no trading zone issued
on COST jason
[08:00 am] Mitch K: another
one came up on soybean oil for example, and
the Eurovs the USD
[08:00 am] Mitch K: I
have a lot of charts open and i just wait for
an audio alert and i dont try to find the
chart that is giving the signal. i have
an alert window that has all the signals
alerting, just watch that
[08:04 am] Mitch
K: let me show you CL, Crude Oil
[08:05
am] Mitch K: that green arrow on
bottom
[08:05 am] Mitch K: just gave a buy
to cover signal or buy signal
[08:06 am]
Mitch K: yes qwert
[08:06 am] Mitch K: we
will give you different levels of expertise
to work with, this one is easier
[08:06
am] Mitch K: this time span is 1 min chartr
lisa
[08:07 am] Mitch K: you wont trust it
for awhile so thats why i want you on a
simulator mode for quite a while
[08:07
am] Mitch K: hardest part for you or anyone
is following signals. you will want to
do something else
[08:08 am] Mitch K: no
sell signal
[08:08 am] Mitch K: see that
spike up there to 92.25?
[08:08 am] Mitch
K: and another problem, which is the same
problem, you will want to sell to
soon,
[08:08 am] Mitch K: a month ?
not sure
[08:09 am] Mitch K: many stocks i
track too
[08:09 am] Mitch K: but you will
say to yourself, “self, take profits” but you
will consistently leave money on the table
that way
[08:10 am] Mitch K: and your
activity, your thought process is
different
[08:10 am] Mitch K: so what this
does is allows you to handle big work load,
and easily manage quite a few
positions. in 19 years, ive never been
able to do this, handle so many open
positions with such low stress.
[08:11 am]
Mitch K: so that is about 12 ticks profit, on
one contract that is $120 profit
[08:11
am] Mitch K: see that red arrow
[08:11 am]
Mitch K: ok sell signal right there
[08:11
am] Mitch K: you all know how long it takes
to
[08:11 am] Mitch K: your thoughts are
focused on taking the signals and executing,
not on interpreting what to do
[08:12 am]
Mitch K: this is alert window
[08:12 am]
Mitch K: here are just a few trade
signals
[08:13 am] Mitch K: and what you
do is put in the stocks that we scan in that
first 90 minutes, open a lot of stock
charts
[08:13 am] Mitch K: the more charts
you have open whether stocks, futures, forex,
different contracts, the more activity you
will have
[08:13 am] Mitch K: and then
take action
[08:13 am] Mitch K: all you do
is snap your eyes on this when you hear an
audio signal
[08:14 am] Mitch K: but how
much does that cost? not much
[08:14
am] Mitch K: it definitely takes more
computer resources
[08:14 am] Mitch K:
need more monitors for sure, more and bigger
video cards
[08:14 am] Mitch K: you will
have to find out what you can handle, the
more i use this, the more i learn how to use
this, the more i have learned to handle
more
[08:15 am] Mitch K: while i was
typing, you see top line
[08:15 am] Mitch
K: COST gave sell signal, you see
that?
[08:16 am] Mitch K: this one is
COST, COST gave sell signal 6-7 minutes
ago
[08:17 am] Mitch K: rusty, this is
program ive been developing for a long
time
[08:17 am] Mitch K: qwert, let me
talk to you about computers
[08:17 am]
Mitch K: do you guys see money
here?
[08:19 am] Mitch K: we still have
lot of work to do but the quality of the
signals is just really really good,
[08:21
am] Mitch K: mike, the winning rate varies
but is consistently very high
[08:21 am]
Mitch K: apple, for sure we will have this
ready just after Labor day with webinar how
to trade various instruments from stocks,
futures, forex and how to use this
tool
[08:22 am] Mitch K: chingo, that has
been a problem I have had on this project,
most things I do, i try to perfect something
to the extent it takes huge amount of time to
perfect that last 10%. it goes
something like it takes over half the time to
improve results for that last 10%
[08:24
am] Mitch K: this system works best when
stocks aren’t moving extremely fast, like
when you get an announcement of some sort and
the stock gaps up 10% in 5 seconds. but
most stocks dont do that
[08:26 am] Mitch
K: ok computers
[08:26 am] Mitch K: yes
chingo, i told our programming team we hit
the ceiling of high performance now and we
need to wrap this version up and start using
it. I have been using it for a couple
months but keep adding and tweaking.
each addition takes testing, correction,
retesting, verification, etc.
[08:27 am]
Mitch K: first of all, I have to ask, what
kind of budget do you have? because you
can get a customized trading computer, which
I have ordered in the past or you can
customize through a website like HP or DELL,
or you can try to go into Fry’s Electronics
and make it yourself or buy something off the
shelf
[08:28 am] Mitch K: i personally
have given up on customized trading
computers, who fixes it when something doesnt
work. but i have had some custom
trading computers that have had no problems
and just keep working
[08:29 am] Mitch K:
you dont need to go crazy to use this so i
tend to agree with apple to make profits
first and then reinvest
[08:30 am] Mitch
K: my main computer i use everyday is an
Apple Mac desktop, 32gb ram, 2 processors
with 6 cores each, and two 1 gb video
cards.
[08:31 am] Mitch K: since i have
had best experience with these Apple Mac
desktops, i ordered 3 more,
[08:31 am]
Mitch K: plus i have apple care for 3
years
[08:31 am] Mitch K: i use bootcamp
and installed WIndows 7 and use the WIndows
side full time
[08:31 am] Mitch K: i have
four 24″ monitors on a stand and a 30″ apple
cinema display as well
[08:32 am] Mitch K:
i wouldnt go out and buy computers unless you
were planning to anyhow
[08:33 am] Mitch
K: i have not had any problems with these
Apple MACS, not one problem
[08:35 am] Ed
: monitoring GPC and FOSL
[08:39 am] Mitch
K: big delay in chart so dont use this chart
for a signal
[08:39 am] Mitch K: i see a
delay
[08:39 am] Mitch K: i will put up
GPC here
[08:39 am] Mitch K: it looks like
about 2-3 seconds
[08:40 am] Mitch K: this
is 1 min apple
[08:41 am] Mitch K: sell
signal GPC
[08:43 am] Mitch K: it is all
about workload
[08:43 am] Mitch K: so you
have plenty of time to go get something
else
[08:43 am] Mitch K: ok so time here
is 841:09 right? now what you do is you
are still on the hunt for more stock ideas
right. you find one, build chart, wait
for signal. and this GPC, i guess, will
take quite a while, maybe 30-50
minutes
[08:44 am] Mitch K: you guys see
that red arrow?
[08:44 am] Mitch K: make
sense?
[08:44 am] Mitch K: so instead of
hyperfocusing on one chart to see if you can
make money with one idea, dont even stare at
it, just move and scan, only put in highest
quality ideas in a chart, not junky flat
lining stocks or instruments, only ones that
are volatile, have highest movement
[08:45
am] Mitch K: i heard the sound, and i snap my
eyes on that alert window
[08:45 am] Mitch
K: can you read that?
[08:45 am] Mitch K:
dont worry about whether you can see
that
[08:45 am] Mitch K: see
that?
[08:46 am] Mitch K: my whole point
guys is this tool allows you to find other
ideas and manage. that is the correct term,
“manage” your positions
[08:47 am] Mitch
K: ok scalp asking a good question and i am
having a personal challenge with target
prices because with this system, it messes
you up, just wait for a signal
[08:47 am]
Mitch K: hey, you wont have to be some hot
shot trader, forget that concept, just work
this system
[08:47 am] Mitch K: you will
be able to have more positions on higher
quality signals. working most or all of your
money after you become proficient
[08:49
am] Mitch K: this is only one chart i have
open, i have many charts open, just managing
positions, thats the key thought you have,
dont try to interpret technical indicators
anymore, just follow the sound and watch the
alert window and take action, can you do
that?
[08:51 am] Mitch K: you all kjnow
how tired you feel after just 3 hours of
trading? yes or yes
[08:52 am] Mitch
K: and you get rattled, frustrated and start
having thoughts on a trade “I should have
gotten that price, i was watching this stock
and i turned my head, or i was distracted by
Rusty” or whatever.
[08:53 am] Mitch K:
you wont be expending near as much mental
energy getting trades executed, i find myself
not worrying about so many open
positions
[08:55 am] Mitch K: ok let me
slip in this stock, SYK last buy signal was
at 7:38am pacific time, 1 hour 20 minutes
ago, no sell signal since from
$51.10
[08:56 am] Mitch K: if you are deaf
and blind, this will be challenging for
you
[08:56 am] Mitch K: hard to see i
know, trying to work on that but just look at
the alert window, listen for sound
[08:57
am] Mitch K: just happened at
$52.31
[08:57 am] Mitch K: ok see that
sell signal on SYK
[08:58 am] Mitch K: but
you can have many of these open
positions. dont leverage, just divide
up your day trading buying power on various
ideas and let them play out
[08:58 am]
Mitch K: i dont personally have the attention
span to wait 1 hour and 22 minutes for a 2.5%
profit
[08:59 am] Mitch K: look how long
they are taking anyhow, you guys know that
first hour we post all those ideas, this
system just does open heart surgery on most
all of those ideas
[09:01 am] Mitch K:
scalpman, GPC is chart on right
[09:01 am]
Mitch K: on left
[09:01 am] Mitch K:
thanks murano, this is FSLR
[09:02 am]
Mitch K: you wont have to do this but since
we are watching only 1 or 2 charts i m giving
you a heads up
[09:02 am] Mitch K: watch
GPC, going to get buy signal
[09:03 am]
Mitch K: you cannot hear my audio but GPC
signaled
[09:04 am] Mitch K: are you guys
understanding what i am saying about
workload?
[09:04 am] Mitch K: when you get
a signal your job is to try to execute fairly
quickly, not necessary to send a market
order, often times, most of time limit order
but if really tight spread between bid and
ask, ok to send mkt
[09:05 am] Mitch K: it
will calm you down, a lot
[09:05 am] Mitch
K: this is going to help you big time
eyes
[09:05 am] Mitch K: there is
SYK,
[09:05 am] Mitch K: you are worrying
too much again eyes
[09:06 am] Mitch K:
not all signals will be great, but most
will
[09:06 am] Mitch K: just gave a buy
signal, ok you didnt make any money, probably
broke even. should that bother you? No,
you got other trades going and most of them
will make you money
[09:07 am] Mitch K:
still heading down
[09:07 am] Mitch K:
there is FSLR now on left
[09:07 am] Mitch
K: and we take the money from the winners,
which is probably 75-80% of the, and the
losing trades will probably be around
breakeven or slight losses, much smaller
losing percentage than the winning trades
profit %
[09:08 am] Mitch K: on various
futures contracts you will often see a No
Trading Zone audio and visual alert when
system suggest not to make any trades during
that time
[09:10 am] Mitch K: i like your
theory on swing trades though, not so tight
on day trading though
[09:10 am] Mitch K:
you need to give some breathing room, some
lattitude for movement
[09:10 am] Mitch K:
well jsn, i dont like tight stops when
trading, it guarantees you a loss
[09:13
am] Mitch K: my back hurts a lot more,
sitting and watching because i dont want to
leave my chair
[09:13 am] Mitch K: here is
the problem i am having since using
this
[09:14 am] Mitch K: chiropractor once
a week now,
[09:14 am] Mitch K: not
kidding,
[09:15 am] Mitch K: there are
only so many ways you make more
money
[09:15 am] Mitch K: you guys see
what I am talking about now?
[09:16 am]
Mitch K: i like #1 and #2, especially #2
because the odds will play out on my
side,
[09:16 am] Mitch K: I dont like
#3
[09:16 am] Mitch K: 3. bigger
leveraged position on a trade
[09:16 am]
Mitch K: 2. make more trades
[09:16 am]
Mitch K: 1. make more with each
trade
[09:17 am] Mitch K: you guys know
the feeling on some slow days, like “I wish I
got more trades in while it was fast and
furious?”
[09:18 am] Mitch K: also the
thoughts that “man, I am getting old, I cant
handle as many ideas, do as many
trades”
[09:19 am] Mitch K: this tool
solves so many of these problems..
[09:20
am] Mitch K: what is most difficult for me,
as you already know, i have a very difficult
time, always have, to manage a trade for 1n
hour or 2 hours. yet many of them were
big winners, 3-4-5% moves over 2 hours but i
dont have the attention span to manually
manage those, let alone 5-10 of them at a
time. i go brain dead by days
end. let alone end of week. but
now i can handle many stocks, still fresh on
THursday and Fridays
[09:21 am] Mitch K:
and still get consistent results with more
ideas with lower stress, that is what i have
been saying to you guys about you can handle
much more trades and be consistently getting
better prices
[09:22 am] Mitch K: remember
i explained the buy-sell meter and the hold
meter about 10 days ago?
[09:23 am] Mitch
K: another sells ignal went off on GPC by the
way
[09:23 am] Mitch K: anyone
remember?
[09:24 am] Mitch K: jason, you
are funny,
[09:24 am] Mitch K: ok it is
really cool but we have to put that in the
next version, because it delays the launch of
this Lightning system bya month. we
dont want that long of delay but will provide
that later.
[09:25 am] Mitch K: GPC on
right, MGLN on left, thanks joey
[09:26
am] Mitch K: when you get a signal, your job
is to get best execution as you can in that
candle
[09:28 am] Mitch K: probably
getting stopped here MGLN
[09:29 am] Mitch
K: i got to work on my back, go hang upside
down, yeah good exmaple of stop on
MGLN
[09:30 am] Mitch K: i just changed
the setting on MGLN to a 2 min chart from a 1
min, this slows it down, no sell signal yet
on a 2 min chart
[09:31 am] Mitch K: i
like using a 2 min chart after 90 minutes of
opening because it really matches how long it
takes for a trade, much longer time cycle to
make same percentage profit on a trade after
90 minutes, last 2/3rds of day, put setting
on 2 min,
[09:32 am] Mitch K: plus you
might not want to work as hard all day but
that first 90 minutes is where will make the
bulk of your money, profits
[09:34 am]
Mitch K: that is why we look for the highest
beta, most volatile stocks that day
[09:34
am] Mitch K: now you guys remember my analogy
about how stocks work, use word picture of a
bouncing ball. the more often it
bounces through time, the smaller moves it
makes? see GPC chart on right is
showing that same thing? the profit
potential for subsequent moves is smaller
through time
[09:37 am] Mitch K: so what
you guys do is look at the stocks we posted
early and monitor them in this LIghtning
system. get the ones that had biggest
moves. and you know those ones that had
earnigns disasters? the earnings
warnings? they gap down 10-20% and
still have big percentage moves after getting
a big haircut? this system works really
really well for those where before i couldnt
trade those so easily, took a lot of energy
and attention
[09:38 am] Mitch K: another
really good thing about this, is as a group
of people trading in this room, there will be
a lot of good signals by other people, lots
of eyeballs giving quality signals
[09:39
am] Mitch K: ok now this chart on left is
MGLN and i dont care for this myself but you
know my attention span is w well, short, so i
said to myself, this one is going to be a
slow mover, real slow
[09:40 am] Mitch K:
i still dont have patience for this, need to
work on back, that is what is on my mind,
stretch, move, walk, so i am passing on
this
[09:40 am] Mitch K: ok sell signal on
that, see red arrow,
[09:40 am] Mitch K:
now you really need to use a simulator on
this, dont use real money when you start, you
need to build up your skill level
[09:41
am] Mitch K: wish lisas was here
[09:41
am] Mitch K: i am saying no patience for
MGLN.
[09:42 am] Mitch K: this is why i
passed on MGLN, this next chart will
explain
[09:43 am] Mitch K: joey, how much
money is this trade on far left?
[09:43
am] Mitch K: that is the Euro vs
USD,
[09:43 am] Mitch K: 1.2255 on Euro
buy signal 40 minutes ago, now
12286
[09:44 am] Mitch K: see why i passed
on MGLN?
[09:44 am] Mitch K: i think about
$330 on one contract that tied up about 4500
of margin
[09:45 am] Mitch K: yes
joey
[09:45 am] Mitch K: i said, hey MGLN
did not move much for 12 minutes, not
interested
[09:46 am] Mitch K: that is
chart on far left
[09:46 am] Mitch K:
remember earlier i mentioned SOybean
oil?
[09:47 am] Mitch K: that is MGLN on
left,
[09:47 am] Mitch K: thats a lot of
profit
[09:47 am] Mitch K: thats a lot of
money.
[09:50 am] Mitch K: a buy signal is
same for buy long and buy to cover.
sell is same for sell long and sell
short
[09:50 am] Mitch K: so again, your
job, as long as you are physically and
mentally comfortable to work this, is rotate
your charts with various stocks that are
moving the most, and monitor for buy or sell
signals
[09:51 am] Mitch K: ZL is soybean
full contract size, YK is mini
[09:51 am]
Mitch K: there is the EURO sell signal about
3-4 minutes ago
[09:52 am] Mitch K: you
would have had 1 min to execute, long
time,
[09:52 am] Mitch K: 1.228
[09:53
am] Mitch K: lots of ways to make money with
this, for sure a real game changer for all
levels, from people just starting out to
highest level traders,
[09:54 am] Mitch K:
will keep you posted but for sure will be
ready just after Labor day
[09:55 am]
Mitch K: hey gregs, i would not enjoy that,
besides, I am not employable anyhow
[09:56
am] Mitch K: we will teach a webinar how to
trade this with stocks, futures, forex and
later in the fall try to get a seminar
together,
[09:59 am] Mitch K: ok MGLN now
makign money on short side.
[10:00 am]
Mitch K: ok there is MGLN, there hasnt been
any buy signal since that last short
signal
[10:00 am] Mitch K: even though my
patience and attention span has decreased,
this system will allow managing the slower
movers
[10:01 am] Mitch K: ok the chart on
the right, GPC, i havent rotated that with
another symbol, but you should be because
there are probably better ones
[10:01 am]
Mitch K: but we all know i need to lengthen
my time horizon on stocks, still working on
that, this has helped
[10:02 am] Mitch K:
you guys think you can make money with
this?
[10:03 am] Mitch K: it wont take
long to adjust, probably a few
weeks
[10:07 am] Mitch K: i have to go
back in time to show buy signal
[10:07 am]
Mitch K: remember PXD this morning?
this is the chart
[10:08 am] Mitch K: took
44 minutes
[10:09 am] Mitch K: let me
slide back in time on PXD,
[10:09 am]
Mitch K: and in that time you could be
looking around for others while making a long
position. dont get big on any one
trade, just even it out, can even be $15,000
positions, lots of them, pick up 2-3% on
each, this one was more
[10:10 am] Mitch
K: there is previous sell long/sell short
signal
[10:10 am] Mitch K: $2 on the short
or about 2.2% profit on that
[10:11 am]
Mitch K: this is what i meant by finding
highest beta stocks that day, highes
volatility
[10:11 am] Mitch K: the green
arrow is buried under that red candle, i can
barely see it
[10:13 am] Mitch K: this is
PXD eyes
[10:13 am] Mitch K: it wont be
just a couple of these a day apple, it will
be a lot higher frequency than 2, its a lot
more
[10:14 am] Mitch K: my point was that
the big movers that day is what you want to
put in the system, and easily we can find 10
of these stocks to monitor at a
time
[10:15 am] Mitch K: We developed this
for Ninja Trader qwert, but will add others
later. our highest priority was to
perfect the quality of signals and
timeliness
[10:16 am] Mitch K: although
with PXD, that last short was probably 50-60
cents
[10:16 am] Mitch K: victor, these
are what i call junk trades
[10:16 am]
Mitch K: ok, this stock is not going to give
good ones, remember stocks give a few good
trades and the oscillations decrease in
amplitude which means look for another
stock
[10:17 am] Mitch K: my approach or
way of thinking is to look for something else
instead of trying to squeeze money out of a
smaller and smaller potential
[10:17 am]
Mitch K: that one is about 1.6%,
[10:17
am] Mitch K: remember with PXD we had 2-4%
profits on about 4-5 trades
[10:18 am]
Mitch K: that oen looks like about
3.2%
[10:18 am] Mitch K: 2.2% short
there
[10:19 am] Mitch K: yes, if you have
an open position on a stock, lets say you are
short, the next green arrow is a signal to
buy, which is buy to cover
[10:22 am]
Mitch K: ok, another tool we are developing
that will help you a lot is a scanner for
stocks. then you click on scanner and
it automatically builds a chart. the
chart will give you signals. this is
really designed for the highest level trader
who wants to scan, filter and manage many
ideas simultaneously.
[10:23 am] Mitch K:
i really dont have any idea how many some
people can do but we will find out from all
of you who use it. just learn first,
build knowledge and skill level and gradually
introduce this tool into your daily
habits
[10:24 am] Mitch K: same rules
apply, discipline on position size, keep
emotions, distractions, destructive thoughts
away from you, and becomea
student
[10:25 am] Mitch K: eyes, stops
become less of an issue using this
[10:26
am] Mitch K: since we are all manually
interpreting a signal when to buy or sell, we
are less perfect at accuracy but your problem
eyes has been several key areas, all of which
should disappear if you just use it like i
teach you
[10:27 am] Mitch K: just use
this system, learn how to use it, and build
confidence.
[10:27 am] Mitch K: no insult
intended, just trying to be upfront and help
helpful, not hurtful
[10:28 am] Mitch K:
then you will trust it to the point of just
entering orders
[10:28 am] Ed :
WMT
[10:29 am] Mitch K: this is WMT
chart
[10:30 am] Mitch K: that means to
try to execute best price now
[10:30 am]
Mitch K: buy signal just alerted on WMT
here
[10:31 am] Ed : also monitoring EDU
dropped from 30%
[10:32 am] Mitch K: thats
MGLN chart on left
[10:34 am] Mitch K:
chart on left is FSLR
[10:34 am] Mitch K:
got a sell signal on FSLR
[10:35 am] Mitch
K: this chart on left is crude oil
[10:36
am] Mitch K: so that one didnt work, what is
your loss?
[10:36 am] Mitch K: WMT trade
failure
[10:37 am] Mitch K: right qwert,
commissions, should be about $6 round
trip
[10:37 am] Mitch K: your attitude
should be to move on to the next one, no big
deal, no stress, no emotions
[10:37 am]
Mitch K: very little
[10:38 am] Mitch K:
and you guys who have hard time controlling
greed gland, this will do that for you as
long as you have consistent trade position
size, no big “home run” position
sizes
[10:38 am] Mitch K: should that
bother you to breakeven or lose maybe 5 cents
on the trade plus commission?
[10:40 am]
Mitch K: you wont feel compelled to “make up”
for some big losing trades because you should
not have any big losses. the numbers
have been very high percentage winnners and
those winners are making a lot more than the
losers lose
[10:41 am] Mitch K: see why
you pay attention and take a closing signal
for WMT? turned into a bigger
loss.
[10:42 am] Ed : if u took EDU long
would reduce some
[10:43 am] Mitch K: the
reason why i am showing you other trades at
same time is to give you a taste of what your
activity is now based on. Here on
left you have CL, crude oil. and you had a
long signal at about 92.80 and 18 minutes you
get a sell signal at about 93.14 for a 34
tick profit. which means 1 contract
made you $340 less $5 round trip
commission
[10:44 am] Mitch K: i showed
you this earlier the long and you saw in real
time the sell signal
[10:44 am] Mitch K:
let me show you the latest EUR/USD sell
signal
[10:45 am] Mitch K: got last signal
is working out real well. you also
continue to use common sense what the overall
market is doing, which indexes have been
going down for maybe 20 min or more
[10:46
am] Mitch K: so how much did you make on the
EUR short? $140 so far and thats only
the minimum position size, 1 contract.
how about the oil? 340 going up and $310
going down, also 1 contract, minimum size,
only requiring about $3000 margin
requirement
[10:47 am] Mitch K: you dont
have to take every signal Rusty to open new
positions but you should take the closing
signal
[10:48 am] Mitch K: with your
analogy of gambling, their odds are much much
lower than this, by a huge margin
[10:48
am] Mitch K: it becomes pretty obvious stocks
that are likely to give bigger profit
potential
[10:48 am] Ed : next target on
EDU 11.67 long
[10:49 am] Mitch K: hope
you like it, got to work on back, then on
system
[10:50 am] Mitch K: if you are long
position, the next signal is going to be the
closing signal
[10:52 am] Mitch K: if you
have an open position, the next signal is the
equivalent of a stop signal as well
[10:52
am] Mitch K: that would not be smart to
ignore a closing signal
[10:52 am] Mitch
K: but i suggest you take the closing
signal,
[10:52 am] Mitch K: you dont have
to open a new position
[10:54 am] Mitch K:
you should take the closing signal, but if
you dont have energy or time or available
buying power to open a new position on next
signal, that is ok to ignore new
position
[10:55 am] Mitch K: there is
FIVE
[10:57 am] Mitch K: was a little late
on that to post
[10:57 am] Mitch K: buy
signal on FIVE
[10:58 am] Ed : FSLR short
working nicely
[10:58 am] Mitch K: agree
rusty but i wouldnt make it that complicated
when using it, just use the system and odds
are heavily in your favor
[10:59 am] Mitch
K: thats fSLR on left
[11:00 am] Mitch K:
take care guys, i got to work on back and
then with programmers on this
[11:10 am]
Mitch K: lol, rusty, you dont need that
knowledge to use this. you are going to
give up profits thinking that way
[11:11
am] Mitch K: here is how i see it:
1. look for big movers in stocks.
2. put symbol in chart. 3. Listen
for audio sounds. 4. Look at
Alert window to see what stock it is and
direction. 5. enter order.
6. Listen and look for closing
signal. 7. repeat process
8. Count money at end of day
[11:12
am] Mitch K: im telling you now, you are over
complicating this.
[11:13 am] Mitch K: i
realize you will have the same habits for
awhile when first trying to use
this.
[11:16 am] Mitch K: here are last
few trades on GPC since we have been looking
at others but you wont have that problem
because the audio and alert window
[11:17
am] Mitch K: hey rusty, you are over
complicating it, lol. but you are a
doctor, you are supposed to
[11:18 am]
Mitch K: sell signal on GPC
[11:18 am]
Mitch K: you will make more money if you keep
it to those steps
[11:19 am] Mitch K: the
very reason why i developed this so i wouldnt
have to interpret the wicks, body, candles,
lines, volume and price
[11:20 am] Mitch
K: its about workload, how many more ideas
you can trade without spending more energy
doing that. its about consistency,
procedures and focus change to more
repeatable behavior
[11:22 am] Mitch K: it
comes down to human performance. thats
what trading comes down to. how many
ideas can you do the manual way, or using a
tool that is giving consistent and timely
ideas.
[11:23 am] Mitch K: is every trade
going to be perfect? no. but
there will be a lot more higher quality
trades by multple times more than the manual
way, probably 3 to 1 at least
[11:24 am]
Mitch K: and we can identify many
stocks before hand what is likely to give
good trade signals
[11:26 am] Ed :
SYNC
[11:29 am] Mitch K: not to insult
anyone but it took me more energy to explain
this in the last 3 1/2 hours than two weeks
of trading. your work load goes way
down and productivity goes way up. that
was the main reason i pursued this
project. If you are doing well with
your current approach, stay with it. at
least make your transition very slow and
deliberate. it took me about 2-3 weeks
to adjust to it
[11:38 am] Ed :
STNC=SYNC
[11:38 am] Ed : STNC
[11:38
am] Ed : daily chart at bottom
[11:40 am]
Ed : this is 15min chart of SYNC
[12:04
pm] Mitch K: sell signal on SYNC
[12:09
pm] Mitch K: no sell signal yet on that WMT
trade from 1 hour 20 minutes ago
[12:16
pm] Mitch K: WMT sell signal
[12:17 pm]
Mitch K: this is WMT
[12:17 pm] Mitch K:
71.51
[12:18 pm] Mitch K: yes if you want
to take that signal for opening
short
[12:19 pm] Mitch K: but when you
alerted of the drop, i like the long idea
because WMT rarely drops like that,
[12:19
pm] Mitch K: my guess is that WMT wont give a
big short, very low beta stock
normally
[12:50 pm] Ed : nice move in KMX,
just mentioning
[12:58 pm] Mitch K: later
guys
[12:59 pm] Ed : have a great night
traders
| [06:13 am] sakii : one of these days if
figure out my keyboards…lol
[06:15 am]
joeytsa : jobless claims up
34k
[06:17 am] qwert : philly fed at
7pst
[06:17 am] qwert : good morning
everyone 🙂
[06:20 am] cdougan
: morning everybody
[06:21 am] gregs
: morning connor
[06:24 am] cdougan
: morning Greg
[06:24 am] gregs :
got hit in the layoffs in austin, so i’m
trading full-time now
[06:25 am]
gregs : about time haha
[06:25 am]
cdougan : Sorry to hear that
greg.
[06:25 am] gregs : it was
about time :0
[06:26 am] joeytsa :
now you can stay home and work in your
underwear 🙂
[06:26 am] khall :
well, sometimes those things can be a
blessing in disguise
[06:26 am]
gregs : lol exactly joey… i’m my own
boss
[06:26 am] Mitch K: hey gregs, just
make sure to spend a lot of time on simulator
so you practice first, get really proficient
before you use real money. will save you from
a lot of losses
[06:27 am] gregs :
thank you mitch… still on paper, not
rushing it
[06:27 am] Mitch K: i know you
might have a lot of pressure to make money
soon but im telling you, its worth the weeks
of practice first to be ready right out of
the gate when you do use real money, much
less stress and much more
profitable
[06:27 am] gregs : want
to be consistently profitable, like 2% day
before swtiching
[06:27 am] Mitch K: 2% of
yoru account balance increasing?
[06:27
am] Mitch K: hmm, thats a lot for a new
trader, for anyone
[06:27 am] gregs
: yes, my small acct
[06:28 am]
gregs : could be! what’s a
reasonable goal for a new trader before
swtiching
[06:29 am] Mitch K: not the
money increase but the percentage of winning
days, also consecutive winning days,
percentage of winning trades, avg profit
percentage, those kind of metrics, not hard
dollars although that will come
[06:29 am]
Mitch K: i will talk more about
this
[06:30 am] gregs : thanks
mitch1
[06:32 am] joeytsa : MLNX
coming down
[06:35 am] victor51 :
good morning all
[06:36 am] scalpman
: JCI L @ 26.12
[06:41 am] joeytsa :
nice move on SHW also
[06:43 am]
chinhngo : wath short orly at
96.95
[06:49 am] joeytsa : PXD
testing $92
[06:54 am] joeytsa : eye
on YUM
[06:55 am] joeytsa : 2
reports coming out in the next couple of
minutes
[06:57 am] joeytsa : nice
call on LTM
[06:59 am] cdougan :
NFLX moving
[06:59 am] joeytsa :
yeah cdoug, just saw that
[07:15 am]
eyes : Thank you Mitch for
AMRN
[07:16 am] qwert : thx mk easy
money on amrn
[07:16 am] eyes : that
was Fun
[07:17 am] rusty : WFM
radar
[07:17 am] joeytsa : existing
home sales slightly disappointed, philly fed
big disappointment
[07:18 am] eyes :
S 15.80 out 15.42 AMRN
[07:18 am]
gregs : good point mitch, didn’t think
of it
[07:21 am] rusty : COH
radar
[07:21 am] Mitch K: thats all you
are looking for on that eyes, now move on to
another idea, dont play with AMRN
anymore
[07:21 am] eyes : it is off
my screen
[07:24 am] joeytsa : IBM
making nice moves
[07:26 am] Mitch K: hey
joey, sounds like something Las Vegas
residents learn to say
[07:26 am]
joeytsa : 🙂
[07:27 am]
joeytsa : some nice movers here
in vegas yes Mitch
[07:28 am] eyes :
3 for 3 moch better day than
yesterday
[07:29 am] gregs : good
job eyes
[07:29 am] apple : great
job eyes, keep up the good work
[07:30 am]
rusty :
http://latimesblogs.latimes.com/lanow/2012/07
/actor-fred-willard-arrested-for-alleged-lewd
-act-in-adult-theater.html
[07:30 am]
rusty : Pee Wee Herman The
Sequel
[07:31 am] Mitch K: hey RUsty, too
distracting
[07:31 am] apple :
ha
[07:31 am] rusty : Mitch = Mr
Prude
[07:33 am] joeytsa : tighten
stop if short IBM
[07:33 am] apple :
thx joey
[07:35 am] rusty : VVUS
lod
[07:36 am] joeytsa : DLR trying
to bottom
[07:38 am] rusty : VVUS
radar…seems like someone expecting
something
[07:38 am] scalpman : UNH
L @ 53.82
[07:38 am] eyes : TPX S
27.18 out 1%
[07:39 am] eyes : What
was the Price we are looking for to S
GGC
[07:41 am] qwert : mk had said
33.20 area on ggc
[07:41 am] eyes :
Thank you QWERT
[07:42 am] Ed : its
consolidating now eyes
[07:42 am]
rusty : OREX just off lod
[07:42 am]
eyes : I know I was just wondering any
thoughts on it Ed
[07:43 am] akram :
dish
[07:43 am] apple : thx
akram
[07:43 am] scalpman : All out
UNH
[07:47 am] scalpman : 1/2
position on DISH S @ 30.15
[07:47 am]
scalpman : out 1/2 DISH S 1%
[07:47
am] apple : good job scalp
[07:48
am] qwert : nice scalp
[07:48 am]
eyes : Break Time 5 for 5
[07:48 am]
qwert : way to go eyes
[07:48 am]
apple : have fun eyes
[07:48 am] Ed
: nice eye
[07:48 am] Ed : eyes
[07:49
am] rusty :
http://papers.ssrn.com/sol3/papers.cfm?abstra
ct_id=2103384 interesting reading re
companies managing earnings
[07:49 am]
scalpman : Thanks apple, Qwert…it had
dropped. I placed a small order up high and
luckily it hit before dropping
more.
[07:50 am] Ed : nice scalp, way to
let price come to you
[07:50 am]
scalpman : Thanks Ed…I remember Mitch
talking about that!
[07:52 am] qwert
: just see unh got goin
[07:54 am]
cdougan : MLNX broke out of tight
consolodation
[07:56 am] apple :
LULU hod
[07:57 am] qwert : GRA at
the 100sma on daily
[07:58 am] qwert
: sorry low volume on gra
[07:59 am]
apple : now you’re talking…
[07:59
am] apple : love it
[08:00 am]
apple : what time on chart? 1, 2,
3 min?
[08:00 am] gregs :
pretty
[08:00 am] sakii :
WOW
[08:00 am] jsn13 : Mitch, where
is NO TRADING ZONE?
[08:01 am]
scalpman : out another 1/4 DISH
S
[08:01 am] jsn13 : ok thanks
mitch….
[08:01 am] apple : good
job scalp
[08:03 am] scalpman :
Thanks apple…
[08:03 am] gregs : i
can program mitch, in case you ever need help
with that 🙂
[08:03 am] apple :
watching TRIP
[08:04 am] qwert : So
mitch you have a box linked to charts and the
symbol just posts to buy long or
short?
[08:04 am] lisas : yes, show
us crude
[08:04 am] apple : CL is up
to 92…
[08:05 am] lisas : what is
the time span?
[08:05 am] lisas : so
the arrows are the signals?
[08:05 am]
rusty : TSLA alert
[08:06 am]
apple : thx rusty
[08:06 am]
qwert : so when an arrow shows up thats
where you enter or exit
[08:06 am]
lisas : is chart showing about 10:30 on
lower left EST?
[08:06 am] qwert :
wow cool
[08:06 am] lisas : wait
10:13
[08:08 am] qwert : so you
would be looking to enter long at 92.05
area
[08:08 am] rusty : NASDAQ
volume 410M shares – 8% above its three-month
average; advancers and decliners
[08:08
am] apple : MK, what time are you using
on the charts? 1, 2 3 min?
[08:08
am] apple : thx rusty
[08:09 am]
lisas : will be interesting to see the
arrows populate on the chart
[08:09 am]
lisas : corn’s probably interesting
today
[08:09 am] jsn13 : Is the
price in the orange box the current
price?
[08:09 am] apple : we’re
ready MK, when will it be ready for
us?
[08:10 am] rusty : where do I
send my money to?
[08:10 am] apple :
haha
[08:11 am] apple :
robotic
[08:11 am] apple : got
it
[08:11 am] khall : robotic, as in
ATM
[08:12 am] apple : right
khall… we can handle it
[08:12 am]
khall : abso freaking lutely
[08:12
am] lisas : I’m guessing you can change
time frames also? Have you used this on swing
ideas?
[08:12 am] qwert : yep so
that would have populated your alert window
correct ?
[08:12 am] mikewd2 -: so is that
to be used as a short signal also?
[08:13
am] qwert : awesome
[08:13 am]
apple : great
[08:14 am] gregs
: wow, nice
[08:14 am] apple : need
more monitors…
[08:15 am] rusty :
Are you autotrading this Mitch, or only
manually?
[08:15 am] lisas : you can
make your charts real small apple, don’t need
to see them
[08:15 am] gregs : how
much “discretion” is involved in filtering
signals mitch? literally none? or
i guess prioritizing
[08:15 am]
apple : thx lisa
[08:15 am]
apple : yes MK
[08:15 am]
lisas : Mitch, are you familiar with
“Bloodhound”, it will turn any Ninja
indicator into an autotradeable
system
[08:15 am] qwert : yep got it
to 🙂
[08:16 am] lisas : but
you can always buy more monitors too
apple:)
[08:16 am] apple : haha…
no problem…
[08:16 am] eyes :
Please let us watch it for a few more
minutes
[08:16 am] qwert : i just
ordered new system with 4 monitors
[08:17
am] rusty : Mitich, what program are
you using to generate buy and sell
signals?
[08:17 am] qwert :
ready
[08:17 am] jsn13 : Mitch, will
u teach u where to place our stop
loss?
[08:18 am] lisas : That’s what
happens when you leave us Rusty, you miss all
the fun stuff
[08:18 am] rusty :
Looks familiar to me
[08:18 am]
apple : haha
[08:18 am] murano
: APC
[08:18 am] apple : jsn it
would either be over the hi or under the
lo
[08:18 am] mikewd2 -: EDU new
hod
[08:18 am] apple : thx
murano
[08:18 am] scalpman :
…about computers?
[08:19 am] apple
: fyi EDU recovered nicely from yesterday..
up to 12.75
[08:20 am] apple : when
will you be ready for us MK
[08:20 am]
mikewd2 -: Mitch, during testing what is your
win %, versus stop out losses.
[08:21 am]
chinhngo : do not to be perfect this
program is sooo goood to me
[08:21 am]
chinhngo : when i can send
money
[08:21 am] apple : perfect. i
will be ready by then…
[08:21 am]
chinhngo : to learn and use this
program
[08:21 am] gregs : sweet,
i’m looking forward to it
[08:22 am]
rusty : Does your system work best on
trending stocks or all stocks?
[08:22 am]
chinhngo : so i can get some profit for
my wife go shopping
[08:22 am] apple
: good question rusty
[08:22 am]
apple : right, chin
[08:23 am]
apple : we appreciate your hard work
and diligence MK
[08:23 am] chinhngo
: yes 10% not perfect is ok
[08:24 am]
sakii : Mitch, are you a
Virgo
[08:24 am] apple : sakii, he
must be…
[08:24 am] qwert : Mitch
talk to us about computers i just ordered and
can still modify if necessary
[08:24 am]
sakii : It can be a curse
[08:25 am]
apple : are you a virgo
sakii?
[08:25 am] scalpman : All out
DISH…S
[08:25 am] apple : hey,
scalp, great job
[08:25 am] qwert :
nice trade scalpy
[08:25 am] Ed : not 100%
qwert but seems like 9 would be ample or 6
large monitors like 30″
[08:25 am]
scalpman : Thanks guys….Thanks Ed for
the Call.
[08:26 am] Ed : take care
scalp
[08:27 am] chinhngo : let
release this program and each member will
spend 10% of profit every year meet together
for fun and learn each other
[08:27 am]
qwert : thx Ed
[08:27 am]
apple : haha, chin
[08:27 am] Ed :
but Mitch knows more on that end looks like
he will speak on it
[08:28 am]
chinhngo : 250,000.00
[08:28 am]
rusty : chin = Warren Buffett
[08:28
am] apple : will get new computer after
profits
[08:28 am] scalpman :
http://www.naplestech.com
[08:28 am]
rusty : amen aapl
[08:28 am]
khall : that’s my plan as well
apple
[08:28 am] rusty : show me the
money
[08:29 am] qwert : i ordered
from blue aura they build trading computers
for you paying 2400.00 with no
monitors
[08:29 am] apple : right
rusty
[08:29 am] qwert : they have
lifetime warranty
[08:32 am] qwert :
is that what your using now for new
system
[08:32 am] Ed : u already have 6
monitors right qwert
[08:32 am]
apple : NFLX moving
[08:33 am]
qwert : no just use 3 now and laptop
for room
[08:33 am] apple : i was
just looking at FIVE
[08:33 am]
qwert : FOSL moving
[08:33 am]
murano : GPC
[08:34 am] apple
: thx murano
[08:34 am] eyes : No
Falcon qqwert
[08:34 am] qwert : no
went with blue aura
[08:34 am] apple
: i got rid of my apple because of the
windows problem
[08:35 am] rusty :
figure out what you want to build… then
build it here and check price
http://magicmicro.com/
[08:35 am]
apple : thx rusty
[08:35 am]
rusty : ive had good luck with
them
[08:35 am] qwert : i use mac
now running vmwfusion
[08:35 am]
rusty : and quick shipping, svc
etc
[08:35 am] chinhngo : vvus
lod
[08:36 am] rusty : OREX
“
[08:38 am] rusty : LNKD worth
watching again for swing
[08:38 am] Ed :
having issue loading charts
[08:39 am]
apple : thx rusty
[08:39 am]
apple : nice. MK what timeframe
are you using for the charts?
[08:40 am]
gregs : nice… even in choppy swings
its doing well
[08:41 am] apple :
looks like a 1 min
[08:41 am] apple
: excellent
[08:41 am] gregs :
wow
[08:42 am] lisas : Taking off
all, getting ready for vacation, see you in
am.
[08:42 am] gregs : take care
lisas
[08:42 am] Ed : c ya lisa have
fun
[08:42 am] khall : bye
lisa
[08:43 am] cdougan : take care
Lisa
[08:43 am] apple : have fun
lisa
[08:44 am] rusty : OREX new
lod
[08:45 am] apple : si
[08:45
am] qwert : yep
[08:45 am]
chinhngo : yes
[08:45 am]
cdougan : Hey Mitch,
[08:45 am]
cdougan : This is for Ninja
Trader?
[08:45 am] jsn13 :
nice….good timing and achievable entry
price….
[08:45 am] gregs : yes,
for ninjatrader
[08:45 am] jsn13 :
yes very clear….
[08:47 am]
scalpman : MItch what is the profit
target here on GPC?
[08:47 am] khall
: I can do that
[08:48 am] scalpman
: ok…I will watch and wait…for this
one.
[08:49 am] murano :
SHW
[08:49 am] victor51 : Mitch,
Can’t believe it. i am i live
[08:49
am] apple : thx murano
[08:49 am]
eyes : what model you get
QWERT
[08:49 am] scalpman : Out 1/2
GPC
[08:49 am] mikewd2 -: me too
scalp
[08:50 am] khall :
yes
[08:50 am] apple : i think we
can certainly handle that
[08:50 am]
chinhngo : ofcourse yessss
[08:50
am] scalpman :
WOW!!!!!!!!!!!!!!1
[08:50 am] mikewd2 -:
stopped on 2nd half trailing stop
[08:50
am] chinhngo : this is very easy to do
this
[08:51 am] mikewd2 -: a bit too tight
maybe
[08:51 am] chinhngo : green
color go long red color go short
[08:51
am] scalpman : I can do it…I can do
it…
[08:51 am] khall :
YES
[08:51 am] apple : yes and
yes
[08:51 am] eyes : YES
YES
[08:51 am] khall : on some days
I just end up zoning out
[08:51 am]
apple : by 4 i am done….
[08:52
am] mikewd2 -: thanks murano for
GPC
[08:52 am] mikewd2 -: GPC nearing
pivot
[08:52 am] qwert :
hahaha
[08:52 am] apple : haha,
blame rusty…
[08:53 am] apple : i
love this… beautiful
[08:53 am]
apple : good
[08:54 am] mikewd2 -:
jason, you in the GPC trade?
[08:54 am]
scalpman : Out another 1/4
[08:54
am] scalpman : GPC S
[08:54 am]
jsn13 : not trading today….still
studying for exam….haha….great to watch
how the system works….
[08:54 am]
eyes : Missed it Please show another
one 🙂
[08:54 am] apple : just
follow the arrows…
[08:54 am] mikewd2 -:
nice scalp
[08:54 am] mikewd2 -: oh, eyes
bummer
[08:54 am] apple : scalp you
could have waited to get on on GPC — chart
is up
[08:55 am] apple :
out
[08:55 am] mikewd2 -: QCOR moving
nicely
[08:55 am] eyes : Well I made
back what i Lost Yesterday that feels
good
[08:56 am] chinhngo : just wait
for the arrow and set buy cover at market
price for maximum profit
[08:56 am]
apple : nice, just trust the
system…
[08:57 am] apple : yes…
very nice
[08:57 am] chinhngo : yes
i agreed just blind trust this
program
[08:57 am] apple : excellent
profit
[08:57 am] scalpman : Mitch
where do you place stop on SYK?
[08:58 am]
murano : FSLR
[08:59 am] eyes
: what would be your stop
[08:59 am]
apple : thx murano
[08:59 am]
chinhngo : so let realease this program
every moring each mem ber will follow only
some stock and we will signal for
member to max profit
[08:59 am] eyes
: S 52.31
[09:00 am] rusty : the
system has Dr. Oz in it?
[09:00 am]
rusty : wo
[09:00 am] mikewd2 -:
where’s your stop eyes?
[09:00 am]
qwert : GPC is at vwap
[09:00 am]
eyes : .44
[09:01 am] scalpman
: All out GAPC
[09:01 am] rusty :
give me a 2.5% profit and I will wait an hour
and 22 minutes everyday
[09:01 am]
scalpman : GPC
[09:01 am] eyes
: High of day to big
[09:01 am] mikewd2 -:
oh yeah that’s way to much
[09:01 am]
mikewd2 -: hod
[09:01 am] mikewd2 -: i
went above hi of this last bounce
[09:02
am] chinhngo : red arrow this meam
short flsr now is this right?
[09:02 am]
apple : wow, can see it
coming
[09:02 am] apple : yes,
chin
[09:02 am] scalpman :
Understood
[09:03 am] chinhngo : set
cover gpc at market price
[09:03 am]
rusty : FSLR: Ex-Im Approves $57.3
Million in Financing for Renewable-Energy
Exports to India
http://t.co/ulwnc0uj
[09:03 am] eyes
: did you s Mike whats your stop
[09:03
am] apple : thx rusty
[09:03 am]
scalpman : Mitch..if you have
time…talk about placing stops…
[09:03
am] mikewd2 -: i went above 52.5
[09:03
am] eyes : were did the chart
go
[09:04 am] mikewd2 -: out QCOR 1/2
44.38
[09:04 am] apple : got
it
[09:04 am] mikewd2 -: 52.5 natural
resistance point, so went a few cents above
that
[09:04 am] qwert : i can see
charts eyes
[09:04 am] eyes : MItch
please show SYK looks to be
stalling
[09:04 am] scalpman : You
bet mitch.,…
[09:04 am] qwert : oh
yeah
[09:05 am] apple : si, we can
do many things at once. just listen for
alerts and execute
[09:05 am] mikewd2 -:
yes, Mitch will need to start working out !!
haha
[09:06 am] mikewd2 -: i’m on wrong
side of the SYK trade
[09:06 am] Ed : if u
took FOSL short cover some here
[09:06 am]
apple : thx E
[09:06 am] rusty
: can you put FSLR back please?
[09:06 am]
qwert : fosl went right to the 50sma on
daily
[09:07 am] rusty :
thanks
[09:08 am] eyes : out BE
SYK
[09:08 am] apple : EL nice trend
today
[09:08 am] apple : nice, will
like that
[09:09 am] rusty : NFLX
radar, positive analyst comments
[09:09
am] jsn13 : Mitch, u would get stopped
out if u enter at the sell signal for FSLR
short right? It broke to new hod after the
entry….
[09:11 am] apple : thx
rusty
[09:12 am] jsn13 : so where
would ur stop be after the entry? how loose
should it be? i tot we should place it above
hod?
[09:13 am] eyes : Mitch so just
in case what would your stop have been in
SYK
[09:15 am] gregs : stretching
helps too mitch
[09:15 am] rusty :
if system makes enough $ have chiropractor
sit in your lap
[09:15 am] qwert :
haha
[09:15 am] apple : such
problems… have the chiro come to
you
[09:15 am] rusty : and hope your
chiropractor is not The Hulk
[09:16 am]
apple : markt moving
[09:17 am]
apple : agree MK
[09:18 am]
apple : yeah
[09:19 am] apple
: you are not old, MK… think old then be
old…
[09:21 am] khall : You are
getting me all excited about looking forward
to this – it’s like when I was a kid waiting
for Christmas
[09:21 am] qwert :
same here khall
[09:21 am] victor51
: Mitch, best part is that you will see less
red column which we hate and enjoy green
profit col. Green is so soothing to
eyes
[09:22 am] qwert : we want our
christmas now
[09:22 am] eyes :
Anything that will make me a better trader
has my Vote
[09:22 am] rusty : gimme
ONE 2.5% trade every day…and I will be
happy as a clam
[09:22 am] rusty :
not greedy here
[09:22 am] apple :
we still have another 6 weeks or so til
christmas, then…
[09:22 am] apple
: agree, rusty
[09:23 am] apple :
no
[09:23 am] eyes : nope
[09:23
am] qwert : i must have been on
vacation
[09:23 am] joeytsa :
watching MGLN
[09:24 am] jsn13 : ya
mitch i remember that…show
us…..
[09:24 am] khall : is this
going to be a subscription deal or do we
purchase the system outright?
[09:24 am]
Ed : nice one joey
[09:25 am] jsn13
: haha that was what i though i need….then
we can know the strength of the
signals….haha…
[09:25 am]
joeytsa : also watchng AMZN for a break
over $227
[09:25 am] joeytsa : no
prob
[09:27 am] eyes : qwert what
model you get computer
[09:28 am]
qwert : elite 8000
[09:28 am]
eyes : you add more stuff
[09:28 am]
qwert : yeah
[09:29 am] gregs
: some huge 25k orders went by on
MGLN
[09:31 am] qwert : this is way
cool
[09:32 am] apple : thx
greg
[09:32 am] apple : which is
what we do now..
[09:32 am] apple :
thx joey for AMZN
[09:37 am] rusty :
Thanks for sharing Mitch
[09:38 am]
joeytsa : sounds great Mitch
[09:38
am] apple : lovin’ it
[09:40 am]
apple : nice great move since
noonish
[09:41 am] Ed : getting pullback
in SPY
[09:42 am] cowboyh : Even a
cowboy can do this I
think???
[09:42 am] joeytsa : yeee
haaaa 🙂
[09:42 am] cowboyh :
lol
[09:43 am] apple : hey cowboy
how the heck are ya
[09:43 am]
joeytsa : not sure Mitch, dont
follow forex
[09:44 am] cowboyh :
Great apple, looks like your doing
good
[09:44 am] joeytsa : so about
$10 a penny?
[09:45 am] joeytsa :
nice trade there
[09:46 am] murano :
VVUS
[09:47 am] apple : yes, MK you
did ealier
[09:47 am] rusty : Citron
on VVUS
[09:48 am] rusty :
http://www.citronresearch.com/index.php/2012/
07/19/vivus-why-fda-approval-is-not/
[09:4
8 am] joeytsa : Mitch, that soybean,
was that the full or the YK ?
[09:48 am]
joeytsa : actually a few different
soybean futures
[09:49 am] joeytsa :
YK,ZL,ZM,ZS
[09:51 am] joeytsa :
right and the ZS is the soybean
futures
[09:54 am] gregs : you give
me hope i won’t have to go back to corporate
sefdom mitch
[09:54 am] qwert : So
which charting system will we have to have
for this to work?
[09:55 am] khall :
gregs – once you are out, you don’t want to
go back
[09:55 am] aussie123 :
Rusty…thnx for the vvus article… 3billion
mkt cap wi 38 employees???
[09:55 am]
gregs : haha not employable… you’re a
maverick! have your own ideas
[09:56
am] gregs : khall… i am definitely
enjoying being off the leash, very
motivating
[09:56 am] khall : I
gradually went off the leash, first as a
consultant
[09:57 am] khall : then
when I made the decision to “fire” my client,
well, there’s no going back – even tho they
begged me to come back
[09:57 am]
gregs : i was thinking i might do that
too just to pay bills until trading kicks
in
[09:57 am] khall : if you need
to, then do it
[09:57 am] gregs :
how long have you been you’re own
boss
[09:58 am] khall : five
years
[09:58 am] gregs : ahhh
nice
[09:58 am] khall :
yep
[09:58 am] gregs : this is my
dream
[09:58 am] joeytsa : how long
have you been your husbands boss
🙂
[09:58 am] qwert :
hahaha
[09:58 am] khall : ha
ha. He’s his own boss, believe
me
[09:58 am] joeytsa : 🙂
[09:58
am] mikewd2 -: out 1/2 MGLN
[09:59 am]
khall : he loves it now that I’m
trading and home every day and not stressed
out
[09:59 am] joeytsa : real
nice
[09:59 am] khall : he’s
spoiled
[09:59 am] khall :
🙂
[09:59 am] joeytsa : stress is
the root cause of every sickness
[09:59
am] gregs : hehe spoiled
[10:00 am]
gregs : joey, yes and eating
cheeseburgers when stressed
[10:00 am]
khall : I agree joey. Yes gregs,
spoiled, but he spoils me too so it’s a fair
trade
[10:00 am] mikewd2 -: stopped last
half, MGLN, 51.10 +-.60
[10:00 am]
gregs : mitch, will definitely sign up
once webinar is announced
[10:00 am] Ed :
nice mike
[10:00 am] joeytsa : that
too greg
[10:01 am] mikewd2 -: took
profits early mitch
[10:02 am]
joeytsa : you still made money
mike
[10:02 am] mikewd2 -: yeah
[10:03
am] joeytsa : i think so
Mitch
[10:03 am] khall : absolutely
yes
[10:03 am] mikewd2 -: maybe
[10:03
am] wade50 : No doubt!
[10:05 am]
joeytsa : MNST having an ugly
day
[10:05 am] Ed : it is
[10:06 am]
apple : MGLN made a nice reversal and
now turning up again
[10:06 am]
gregs : huge orders on EDU
[10:07
am] gregs : kinda flat tho,
dunno
[10:07 am] apple : thx
greg
[10:07 am] qwert :
VVUS
[10:07 am] apple : nice
MK
[10:07 am] joeytsa : once MNST
lost yesterdays trading range it was
over
[10:08 am] apple : excellent
MK
[10:12 am] apple : all we need
isa couple of these every day
[10:13 am]
eyes : what chart is this
[10:14 am]
eyes : nice move thanks
[10:14 am]
apple : great… i am ready
then
[10:14 am] qwert : mitch not
sure if you saw my question what charting
system will this work on
[10:14 am]
apple : cool
[10:15 am] apple
: markets moving
[10:15 am] qwert :
so need an account at ninja for it to work
correct?
[10:16 am] victor51 :
Mitch, did you use the middle arrow for
closing short and open new long on
PXD?
[10:18 am] victor51 : Mitch, so
green arrow is a signal to close prev.
shortright?
[10:19 am] Ed : some platforms
will allow u to reverse the
position
[10:21 am] victor51 :
Thanks Ed. Is it true for TS?
[10:21 am]
Ed : yes
[10:22 am] eyes : edu was a
nice one today anyone gert it
[10:22 am]
eyes : get
[10:23 am] khall :
ooo – that will be so cool
[10:23 am]
apple : excellent
[10:24 am]
eyes : The stops are the big
Question
[10:25 am] joeytsa : AAPL
banging on res
[10:26 am] victor51 :
Mitch, it will be quite helpful if you could
give us two chart alerts everyday so we will
get good practice by labor week end and also
build bank balance.
[10:27 am] eyes
: I am all ears and eyes
[10:27 am] Ed :
and no hair, I can say that cuz eyes and I go
to same barber
[10:27 am] eyes :
LOL
[10:28 am] apple :
haha
[10:28 am] joeytsa :
haha
[10:28 am] rusty : WMT
ALERT
[10:28 am] rusty : WMT
ALERT
[10:28 am] rusty : WMT
ALERT
[10:28 am] apple : thx
rusty
[10:28 am] eyes : No insult
here Mitch I know I have isues
[10:28 am]
apple : nice
[10:28 am] khall
: eyes, we all have issues that we are
working on
[10:29 am] apple : right
khall
[10:30 am] rusty : FSLR
hod
[10:30 am] gregs : lol i just
bought a sec before signal
[10:31 am]
apple : you’re good gred
[10:32 am]
gregs : beginner, i’m slightly -ve
today
[10:32 am] gregs : but thx
🙂
[10:33 am] apple : i looks like
the buy signal was late on MGLN
[10:33 am]
eyes : L WMT with stop 70.82
[10:34
am] rusty : notice the tails on the
candles on mitch’s chart
[10:34 am]
rusty : those long tails on falling
stocks are good to watch when you looking for
bounce
[10:35 am] rusty : can also
use them on stocks running up fast….except
you look for long wicks at the top of the
candle
[10:37 am] qwert : only trade
fee
[10:37 am] jsn13 : I liekthe
trade failure signal…It’s just
PERFECT!!!
[10:37 am] gregs :
breakeven there
[10:37 am] jsn13 :
thats how we can have BE or slight
losses….nice mitch….
[10:37 am]
apple : robotic … next!
[10:38 am]
gregs : yeah, no big deal
[10:38 am]
eyes : stoped .96 8.00 dollar
loss
[10:38 am] gregs : not if
you’re using a winning system, cost of doing
business
[10:38 am] joeytsa :
anytime your losses are breakeven, you are
ahead of the game
[10:38 am] qwert :
of course not lovin it
[10:39 am] Ed
: like that gregs
[10:39 am] gregs :
should have reversed that position
lol
[10:40 am] qwert : thats what i
was thinkin gregs hahaha
[10:40 am]
gregs : interesting that exits could
become new shorts
[10:40 am] rusty :
I hope your doctor puts on a glove before
checking your greed gland
[10:40 am]
rusty : in downtrend, makes sense
greg
[10:40 am] joeytsa : greg, WMT
has been trending down all day
[10:41 am]
gregs : think i’m guilty of imagining
the trend the other way
[10:41 am]
gregs : because i was in it.. even tho
in my head i knew it was downtrend
[10:41
am] rusty : go directly to daytrader
jail
[10:41 am] qwert :
hahaha
[10:41 am] apple :
haha
[10:41 am] joeytsa : sometimes
much easier to let them bounce into res, turn
down then hammer them short
[10:42 am]
rusty : Shawstocks America
[10:42
am] qwert : wmt almost to 20sma on
daily
[10:42 am] gregs : lol
rusty
[10:42 am] apple : thx
E
[10:42 am] rusty : Chart on left
looks like playbook for the Packers
[10:43
am] Ed : which year
[10:43 am] rusty
: 1967
[10:43 am] rusty : Lombardi
era
[10:44 am] Ed : if u took WMT short
would cover some here
[10:44 am]
apple : like it for forex MK
[10:45
am] rusty : im not covering till i see
the whites of their green arrow
[10:45 am]
rusty : covered
[10:45 am]
rusty : ty lightning
[10:45 am]
qwert : there it is rusty
[10:45 am]
gregs : nice rusty
[10:46 am] Ed :
nice rusty
[10:46 am] eyes : to bad
i didnt reverse
[10:46 am] rusty :
OSG ALERT
[10:47 am] rusty : on
these systems with signals you gotta take
each signal
[10:47 am] rusty : if
you select some signals and not others your
performance will vary greatly
[10:48 am]
rusty : ask any gambler
[10:49 am]
rusty : how do you know which is THE
closing signal?
[10:50 am] rusty :
so you have to take each signal
then
[10:50 am] rusty : thank you
for making my point
[10:52 am] rusty
: nor do you have to close i
[10:52 am]
rusty : t
[10:52 am] rusty :
its only a closing signal if you opened a
positon
[10:52 am] apple : good
point haha
[10:53 am] rusty : not
trying to be argumentative, just have some
experience with systems
[10:54 am]
apple : FIVE gave a nice reversal
earlier about 2 pts
[10:56 am] rusty
: see that long tail on candle on
FIVE
[10:57 am] rusty : thats the
candle equivalent of an arrow
[10:57 am]
rusty : so between candle and arrow you
getting two signals on fast moving
stocks
[10:58 am] rusty : note the
tail is coming before the arrow almost every
time
[10:59 am] rusty : so it gives
you a clue to be on watch
[10:59 am]
rusty : thats all
[10:59 am]
qwert : no fslr at lightspeed
[11:00
am] qwert : have a great day Mitch thx
for all the info
[11:01 am] gregs :
thank you mitch, its awesome
[11:01 am]
jsn13 : thanks mitch…..great
system….love ur
signals….thanks….
[11:03 am]
rusty : cya Mitch, thanks again for
sharing
[11:03 am] victor51 : Thanks
Mitch. The new system will help cut stress
and extend my life by few more years. It will
be beautuful
[11:05 am] apple : thx
a million MK
[11:06 am] rusty : if
you know a little about candles + those Mitch
signals….you gonna increase your
profitability on fast movers
[11:07 am]
rusty : just look at the two charts
currently up
[11:08 am] rusty : when
u see a long wick at the top of the candle
after it moves up for awhile, that marks a
temporary high
[11:08 am] rusty : as
shown on right
[11:09 am] rusty :
that’s your short term pivot point
[11:09
am] rusty : of sorts
[11:09 am]
victor51 : need help. I have two
extened monitors but I can’t move curser from
one to another since this morning. i had no
problem before
[11:09 am] rusty :
similarly, if you see a long tail after a
downtrend, thats your support
[11:10 am]
rusty : windows 7?
[11:10 am]
rusty : not at all mitch, talking about
candles
[11:11 am] rusty : and
trading in general
[11:12 am] rusty
: arrows are good and sexy but they dont
educate
[11:12 am] rusty :
imho
[11:12 am] apple : i can handle
that process…
[11:13 am] apple :
KISS theory. follow the arrow and
alert…
[11:13 am] rusty : Ive been
doing systems for 20 years
[11:13 am]
qwert : this is very low
stress
[11:13 am] rusty : I will
shut up now
[11:13 am] apple :
markets moving
[11:13 am] mikewd2 -: I
don’t like not having to work for my profits
– lol, yeah right!!!!
[11:13 am]
apple : haha
[11:16 am] rusty
: any of you remember when stockcharts had
the arrows on it?
[11:18 am] rusty :
I dont know why you are saying that
Mitch
[11:18 am] rusty : You know my
experience with systems. We’ve talked
about this before.
[11:18 am] apple
: nice MK
[11:22 am] jsn13 : I agree
with u mitch…systematic way to reap profit
from market…
[11:22 am] mikewd2 -:
stopped on GPC, didn’t work that
time
[11:26 am] joeytsa : nice one
Ed
[11:26 am] rusty : SYNC breaking
uptrendline on daily chart
[11:27 am]
chinhngo : v lod
[11:29 am]
rusty :
http://my.jetscreenshot.com/demo/20120719-w0j
5-106kb.jpg SYNC daily chart…well defined
channel
[11:29 am] Ed : covering 3/4 SYNC
short
[11:30 am] Ed : trailing stop
last1/4 short SYNC
[11:30 am]
joeytsa : nice one Ed
[11:30 am]
jsn13 : where was ur entry on SYNC
ed?
[11:31 am] Ed : very small position
2:28 added on break of lod
[11:31 am]
rusty :
http://my.jetscreenshot.com/demo/20120719-j5k
i-145kb.jpg SYNC uptrend break
[11:33 am]
jsn13 : thanks ed…..nice
one….
[11:33 am] Ed : could not break
that downtrend and I looked at
daily
[11:34 am] Ed : line of least
resistance
[11:35 am] apple : nice
on SYNC E
[11:37 am] Ed : thx
apple
[11:38 am] apple : nice
channel
[11:39 am] mikewd2 -: FFIV
moving
[11:39 am] mikewd2 -: nice vol
spike
[11:40 am] apple :
thx
[11:49 am] victor51 : Ed, what’s
your best target for sync
[11:50 am] Ed :
which side of market long/short
[11:50 am]
victor51 : long
[11:51 am] Ed : have
u taken any profits
[11:51 am] Ed : whats
ur entry
[11:51 am] eyes : I think I
am done for the day see you all tomorrow good
luck to all
[11:51 am] victor51 :
13.34
[11:52 am] Ed : I would take some
off here and trail, .13 is 1%
[11:53 am]
apple : bye eyes
[11:53 am]
victor51 : Thanks ed
[11:53 am] Ed :
place stop @ or .01 or .02 above
breakevn
[11:55 am] Ed : c ya
eyes
[11:56 am] Ed : would move that stop
up victor to about13.39
[11:58 am] Ed : u
can move it to 13.43 or really tighten
13.57
[11:58 am] Ed : matter of
preference
[11:59 am] Ed : would leave it
up to you
[12:00 pm] Ed : how u doing
victor?
[12:07 pm] victor51 : I am
out made .18 Thanks
[12:08 pm]
rusty : Ed: Congrats.
Send .09 to me
[12:09 pm] Ed : .09 for me
and .09 for rusty what a day
[12:09 pm]
rusty : rusty waiting for
arrow
[12:09 pm] rusty : went for
quick lunch, didnt know what to chose as
there was no arrow
[12:10 pm]
joeytsa : haha
[12:10 pm]
apple : me and my arrow
[12:10 pm]
apple : nice MK
[12:11 pm]
victor51 : Mitch, I made good money on
WMT. Thanks. With your system, i could have
stayed lot longer. i love it
[12:12 pm]
apple : good for you victor
[12:13
pm] victor51 : Rusty, I owe you a
lunch
[12:13 pm] Ed : what do I get
scraps
[12:13 pm] apple : steak
dinner E
[12:13 pm] rusty : uh oh,
here we go with steak dinners again
[12:14
pm] Ed : steak dinner
[12:14 pm]
rusty : still waiting for stevemld
barbecue
[12:14 pm] Ed : me 2
[12:14
pm] rusty : <—— memory like
elephant
[12:14 pm] rusty : and body
too
[12:14 pm] apple : that’s right
rusty!
[12:15 pm] victor51 : Ed, how
can i forget you. Steak in San
Francisco
[12:15 pm] Ed : cool Im on the
way
[12:15 pm] scalpman : Mitch,
came back to learn more on this…did you
talk about stops…
[12:16 pm]
victor51 : it’s beautiful here ..cool
65 degree and sunny
[12:16 pm] Ed : u mean
San Fransicko??
[12:16 pm] apple :
steak in rio, steak in nyc, steak in
lv…
[12:16 pm] rusty : Peter
Lugers
[12:16 pm] rusty :
ty
[12:17 pm] rusty : would that be
a short signal also?
[12:21 pm]
apple : helps to know the
stocks
[12:23 pm] Ed : right dont want to
trade something that has low ATR (avg true
range)
[12:23 pm] apple :
right
[12:24 pm] Ed : time went by fast
today
[12:24 pm] apple : it was
fun!
[12:25 pm] gregs : hehe yes it
did
[12:26 pm] victor51 : Mitch, the
new system works the same way for WMT or fat
moving EDU or MGLN ?
[12:27 pm] Ed : any
high beta stock, what helped walmart is that
it had large move for 1st time in a
while
[12:28 pm] Ed : but its not stock
would trade every day
[12:28 pm]
apple : take adv of
situation!
[12:28 pm] Ed : good
point
[12:29 pm] apple : go with the
flow — always
[12:29 pm] victor51 :
I took advantage on Capital one on swing
trade
[12:31 pm] Ed : nice chart if u were
short
[12:31 pm] victor51 : I boughr
long yesterday on news and sold this
morning
[12:32 pm] apple : good one
victor
[12:32 pm] rusty : thanks
victor, next time tell us yesterday
[12:32
pm] rusty : 🙂
[12:32 pm] Ed :
lol
[12:33 pm] victor51 : I should
have considered reversal trade. Need to learn
that on TS
[12:33 pm] apple : yeah,
rusty’s right, victor
[12:33 pm]
rusty : I bought GGOG in 2004 at
150
[12:33 pm] apple : would have
been a nice reversal as well
[12:33 pm]
apple : haha
[12:34 pm]
joeytsa : 🙂
[12:34 pm] rusty
: sold at 150 1/8
[12:34 pm] rusty :
to lock in profits
[12:34 pm]
joeytsa : haha
[12:35 pm]
victor51 : I am gaining confidence and
will share my crazy ideas to group.
[12:39
pm] rusty : glad to hear. congrats
vic
[12:39 pm] Ed : nice going
victor
[12:40 pm] victor51 : As
reported on CNBC yesterday, COF was fined 250
Mill which is peanut for them but stock
dropped 3% on the news and came back
today
[12:41 pm] joeytsa : Thanks
Mitch, Ed, everyone..have a great day, see
you all for the 1st hour tomorrow
[12:42
pm] Ed : take care joey
[12:42 pm]
qwert : cya joey
[12:42 pm]
apple : bye joey, have fun. see
ya tomorrow
[12:42 pm] joeytsa :
🙂
[12:42 pm] gregs : night
joey
[12:43 pm] rusty : cya
joey
[12:45 pm] victor51 : Bye
Joey
[12:46 pm] apple : thx MK, E
and everyone. all have a wonderful
evening.
[12:47 pm] Ed : c ya
apple
[12:47 pm] victor51 : OCZ up
22% today Any news or just low price
stock?
[12:47 pm] qwert : bye
apple
[12:54 pm] rusty : gn
aapl
[12:54 pm] rusty : gn
all
[12:54 pm] rusty : hope my wife
has arrow on dinner choices
[12:54 pm] Ed
: c ya qwert
[12:59 pm] scalpman :
Thanks Mitch…a great opportunity lies
before us….thanks…
[01:01 pm]
qwert : bye everybody see ya in the
am
[01:01 pm] qwert : cmg
[01:01
pm] rusty : GOOG ALERT
[01:01 pm]
rusty : GOOG ALERT
[01:01 pm]
rusty : GOOG ALERT
[01:02 pm]
qwert : cmg going the opp of
goog
[01:03 pm] victor51 : Thank you
Mitch, Ed and all traders. See you
tomorrow
[01:03 pm] rusty : MSFT
earnings out
[01:03 pm] qwert :
rusty are you in goog
[01:03 pm]
rusty : CMG ALERT
[01:03 pm]
rusty : CMG ALERT
[01:06 pm]
rusty : no didnt catch GOOG but caught
CMG
[01:08 pm] qwert : wow are you
longor short
[01:08 pm] rusty : i
have been short CMG
[01:09 pm] qwert
: nice
[01:09 pm] rusty : its like
wrestling with an alligator
[01:09 pm]
qwert : where did u get in at
[01:10
pm] rusty : 380 was my first
short
[01:10 pm] qwert : sure is
movin around alot
[01:11 pm] rusty :
then had to wrestle it up to 420
[01:11
pm] rusty : while it ripped my limbs a
bit
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