[06:30 am] Mitch K: next trade on INFY is a
long on next bottom [06:30 am] Mitch K:
watching LQDT [06:30 am] Mitch K: watching
INFY for trades both ways [06:31 am] Mitch
K: watching CTXS for top to short [06:31
am] Mitch K: watching STI for bottom to
buy [06:31 am] Mitch K: watching JBHT for
trades both ways [06:31 am] Mitch K:
watching LINE for top to short [06:31 am]
Mitch K: watching FRAN for top to
short [06:32 am] Mitch K: watching ECL for
bottom to buy [06:32 am] Mitch K: watching
PNC for bottom [06:32 am] Mitch K:
monitoring SBUX [06:32 am] Mitch K: AKAM
top for micro short [06:32 am] Mitch K:
watching JPM for bottom to buy [06:33 am]
Mitch K: watching tcbi for bottom [06:33
am] Mitch K: watching ILMN and HP for bottom,
that is not hewlett packard but hemerlich
payne [06:34 am] Mitch K: watching BSFT
for top [06:34 am] Mitch K: monitor
QCOM [06:34 am] Mitch K: watching HRS for
bottom [06:34 am] Mitch K: watching MPC
for bottom, going to be good [06:35 am]
Mitch K: BWA hot for a while,
earnings [06:35 am] Mitch K: watching PSX
for bottom [06:35 am] Mitch K: watching
BWA for top [06:36 am] Mitch K: watching
JPM for sell exit soon [06:38 am] Mitch K:
sorry [06:38 am] Mitch K: celg [06:38
am] Mitch K: still watching LQDT [06:38
am] Mitch K: prefer little rebound if
possible [06:38 am] Mitch K: NPSP toppy
for short [06:39 am] Mitch K: consider
covering BWA short [06:39 am] Mitch K:
still watching HRS [06:39 am] Mitch K:
watching TDC for top [06:39 am] Mitch K:
SCMR trades both ways, got crushed [06:40
am] Mitch K: watching CTSH for
short [06:42 am] Mitch K: monitoring VRTX
for trades both ways [06:42 am] Mitch K:
TDC toppy [06:42 am] Mitch K: news on SCMR
is a special dividend, not price
drop [06:43 am] Mitch K: watching JBHT for
top [06:43 am] Mitch K: watching ECL
closer [06:43 am] Mitch K: watching NXPI
for bottom [06:44 am] Mitch K: watching
WLT for bottom [06:44 am] Mitch K:
watching CHRW closer [06:45 am] Mitch K:
new lows on indexes, Nasdaq, SP500 [06:47
am] Mitch K: market bouncing [06:47 am]
Mitch K: watching LINE for cover
point [06:47 am] Mitch K: you want to
cover simultaneous with indexes
bottom [06:47 am] Mitch K: consider
covering FRAN short [06:47 am] Mitch K:
consider covering JPM short [06:48 am]
Mitch K: monitoring drop in
homebuilders: DHI, TOL, PHM [06:49
am] Mitch K: VRTX getting
interesting [06:49 am] Mitch K: consider
selling ILMN [06:49 am] Mitch K: MPC
bouncing [06:49 am] Mitch K: cover BSFT
short [06:50 am] Mitch K: consider
reducing TDC short [06:50 am] Mitch K:
forget SCMR, taking off screen [06:50 am]
Mitch K: 2nd helping short in NPSP [06:50
am] Mitch K: should be out of BWA
short [06:51 am] Mitch K: when i say that,
i try to get best price in several orders,
one at market, 2 at limit orders [06:51
am] Mitch K: LQDT bottoming [06:52 am]
Mitch K: COST will be a good long scalp
today [06:52 am] Mitch K: start watching
COST for bottom, [06:52 am] Mitch K: be
flexible [06:52 am] Mitch K: watchin BWA
for 2nd helping short on top of this rise,
prefer 68.50 area [06:53 am] Mitch K:
taking psx off screen [06:53 am] Mitch K:
repeat, COST going to be good, as well as
VRTX [06:53 am] Mitch K: starting to watch
TYC, not as good as costco, [06:54 am]
Mitch K: LNKD bouncing [06:54 am] Mitch K:
watching TCBI [06:54 am] Mitch K: JPM
trade over, taking off screen [06:55 am]
Mitch K: INFY is still no bottom
yet [06:55 am] Mitch K: CHRW short might
best be in series of smaller trades, taking
profits on this short soon and watch for
rebound to short into again, what we call
working a trade short [06:56 am] Mitch K:
VRTX bottom [06:56 am] Mitch K: IPO WDAY
started trading, only want big drop, 12-15%
consecutive drop [06:57 am] Mitch K: IPOs
are for very experienced traders, most of the
time i ignore them, too difficult [06:58
am] Mitch K: nice move up in market [06:58
am] Mitch K: dont forget about COST [06:58
am] Mitch K: as far as IPOs go, i dont trade
for a thrill, i trade for consistent
profits. IPOs are hard to be
consistent, takes way too much effort for
what the risk is [07:01 am] Mitch K:
looking for exit point on TCBI long,
soon [07:01 am] Mitch K: COST just keeps
getting better [07:02 am] Mitch K: VRTX
should bounce [07:03 am] Mitch K: watchign
LVS for top to short [07:03 am] Mitch K:
two best charts right now are COST and
VRTX [07:04 am] Mitch K: watching ECL for
short on top of bounce too [07:04 am]
Mitch K: watching ECL closely to sell
long [07:05 am] Ed : getting pullback in
SPY [07:11 am] Mitch K: ECL
toppy [07:12 am] Mitch K: more downside
for CHRW [07:12 am] Mitch K: COST
bottoming [07:13 am] Mitch K: this is when
you leave BWA alone or charts like that, its
done its thing, all over. you look for
something else instead of tryign to see a
trade in it [07:13 am] Mitch K: consider
covering BWA 2nd helping short [07:13 am]
Mitch K: if you short ECL, make it small
position [07:15 am] Mitch K: VRTX bounce
weak, not trusting it to stay in long trade
too much longer [07:16 am] Mitch K:
consider selling TCBI if long [07:16 am]
Mitch K: INFY bouncing nicely [07:16 am]
Mitch K: COST too weak, aborting long
here [07:17 am] Mitch K: watching LNKD
again for 2nd bottom to buy [07:17 am]
Mitch K: more downsid e on JBHT
short [07:18 am] Mitch K: ECL too strong
to short [07:20 am] Mitch K: watching EDU
for bottom, take time now [07:22 am] Mitch
K: VVUS [07:22 am] Mitch K: short
top [07:22 am] Mitch K: VVUS [07:22 am]
Mitch K: alert [07:23 am] Mitch K: 17 prob
holds on EDU [07:23 am] Mitch K: EDU close
to bottom [07:25 am] Ed : SPY pulln
back [07:26 am] Mitch K: if i were to
guess on VVUS target, probably 22.75
area [07:27 am] Mitch K: watching CAM for
bottom [07:29 am] Mitch K: COST [07:29
am] Mitch K: bouncing [07:29 am] Mitch K:
COST [07:29 am] Mitch K: lol, right after
i give up on ECL short, [07:30 am] Mitch
K: consider reducing EDU long [07:31 am]
Mitch K: you guys want some beautiful
music? not rowdy. [07:32 am] Mitch
K:
p;amp;feature=related [07:32 am] Mitch K:
this might be too much culture for a lot of
you [07:32 am] Mitch K:
p;amp;feature=related [07:33 am] Mitch K:
COST should have some legs [07:35 am]
Mitch K: that 35 cents on EDU is 2% [07:35
am] Mitch K: the faster something drops like
EDU, and the following spike tends to fizzle
quickly, sort of like the flash fire
theory [07:41 am] Mitch K: COST has
legs, [07:42 am] Mitch K: because everyone
else will be doing the same [07:42 am]
Mitch K: COST has been a really hot stock and
when you see a big drop like this when it
hasnt been correcting, only going up, you
jump all over the bottom. even though
it failed on first bottom, you keep
watching [07:44 am] Mitch K: looking for
over 98 on COST, or more, be flexible, very
strong right now [07:52 am] Mitch K: COST
still strong on Lightning 2 min [07:54 am]
Mitch K: little toppy on COST here [08:11
am] Ed : SPY new lod [08:24 am] Ed : SPY
still weak so far [08:30 am] Ed : SPY new
lod [08:31 am] Ed : more sellers comning
into markets [08:58 am] Ed : would like
more selling on HAIN for setup of
potential long [09:58 am] Ed : nice short
call on TCBI guys [10:06 am] Ed : very
tight range in SPY [12:27 pm] Mitch K: how
did you guys think the debate went last night
betweenryan and biden? [12:29 pm] Mitch K:
what do you think the public perceived who
was stronger? looked about a tie to me
with slight more credibility to
Ryan [12:37 pm] Mitch K: hey guys i wanted
to apologize for messing some of you up on
this webinar and release of the beta version
of Lightning. I made a last minute
decision to pursue filtering out a lot of
garbage trades and anytime you try a
revision, it takes a lot of time. But
we got it working good. Here is example
of a few charts [12:39 pm] Mitch K: This
first one is CL, crude oil. which was
quiet today [12:40 pm] Mitch K: SI, SIlver
was also on the quiet side, you can see when
it goes flat, you get that No Trading Zone
NTZ in yellow [12:40 pm] Mitch K: yellow
is the area that Lightning suggests not to
trade new positions [12:41 pm] Mitch K:
look at all that yellow, means its dead
trading, dont touch it [12:41 pm] Mitch K:
you notice nice oscillations here and no
yellow [12:42 pm] Mitch K: big drop, big
pop [12:42 pm] Mitch K: here is HAIN, the
stock [12:42 pm] Mitch K: see these nice
shorts here? no yellow [12:43 pm]
Mitch K: this is 2 min [12:43 pm] Mitch K:
now when you buy there in blue circle area
and are long and then you get a yellow area,
just continue your position until next
trade. it really only is suggesting not
to buy sell buy sell in the yellow
area [12:44 pm] Mitch K: isnt this the IPO
WDAY today? [12:45 pm] Mitch K: oh nice,
good money there [12:45 pm] Mitch K: this
is first time ive looked at an IPO with
Lightning, wow, that looks good [12:48 pm]
Mitch K: you talking here json? [12:48 pm]
Mitch K: this is a 2 min chart
setting [12:48 pm] Mitch K: back to crude
oil here [12:49 pm] Mitch K: we are
working on this all weekend, trying to
package it up for you, NO MORE
TWEAKING! [12:49 pm] Mitch K: ok you guys
take care, have a great weekend [12:49 pm]
Mitch K: oh ok, this is crude oil [12:49
pm] Mitch K: that means we are getting
another surge of buying [12:50 pm] Mitch
K: this time i promise, lol [12:55 pm] Ed
: have a great weekend traders [12:57 pm]
Mitch K: try to review charts this weekend,
it really pays off [12:57 pm] Mitch K: ok
you guiys take care
[06:12 am] mikewd2 -: good morning
traders [06:12 am] joeytsa : Good
morning Ed, everyone [06:13 am]
chinhngo : good morning [06:13 am]
chinhngo : watch amd dropped 11
% [06:14 am] mikewd2 -: AMD sick
puppy [06:15 am] doji : Hi Mike,
Chingo [06:16 am] lisas : gm
all [06:16 am] mikewd2 -: watching YOKU
for breakout [06:16 am] apple : good
morning to all attentive traders [06:16
am] joeytsa : a few gap ups:
JBHT,LNKD,SAP,NPSP [06:16 am] mikewd2 -:
hi doji [06:16 am] apple : gm
mike [06:16 am] apple : gm
joey [06:17 am] apple : gm
lisa [06:17 am] apple : gm
doji [06:17 am] apple : gm
chin [06:17 am] joeytsa : gap downs:
STX,WDC,INFY,DLTR [06:17 am] apple :
thx joey [06:17 am] apple : gm
khall [06:17 am] taco : good morning
all [06:17 am] mikewd2 -: Biden, showed he
is an a-s in debate last night. [06:17 am]
apple : gm taco [06:17 am]
taco : hi apple [06:18 am]
joeytsa : WFC down also [06:18 am]
mikewd2 -: was that earning joey, or the talk
about stress tests? [06:18 am]
joeytsa : not sure actually [06:18
am] skydiver : gm all [06:19 am]
taco : hi sky [06:19 am]
skydiver : hey taco [06:19 am]
apple : gm sky [06:19 am]
skydiver : gm apple [06:19 am]
mikewd2 -: they reported book value was
27.10, loans 90 days pass due at
1.5B [06:20 am] joeytsa : WFC looks
like mixed earnings [06:20 am] apple
: thx mike [06:21 am] mikewd2 -: yes joey,
thanks [06:21 am] mikewd2 -: also watching
VRNG for break above 5 [06:22 am]
joeytsa : yeah, it touched 5
pre-market [06:22 am] eddy : helllo
all [06:22 am] skydiver : gm
eddy [06:22 am] mikewd2 -: hi
eddy [06:22 am] apple : gm
eddy [06:22 am] taco : hey
eddy [06:23 am] mikewd2 -: nice move on
FAZ premarket [06:26 am] Ed : qwert having
internet issues [06:27 am] apple :
gm E man [06:27 am] Ed : good morning
traders [06:27 am] apple : we will
send pos. vibes to qwert [06:27 am] Ed :
sounds good [06:27 am] skydiver : gm
Ed [06:27 am] apple : ES
dropping [06:27 am] taco : morn
Ed [06:27 am] elisha : GM Mitch, Ed
and all traders [06:28 am] taco : hi
elisha [06:28 am] elisha : hi
taco [06:28 am] apple : gm
elisha [06:28 am] elisha : gm
apple [06:29 am] mikewd2 -: watching STM
today also [06:30 am] wade50 :
watching TZOO [06:34 am] doji :
YOKU [06:35 am] joeytsa : CLF trying
to heat up [06:35 am] doji : Nice
JPM [06:36 am] apple : gm
wade [06:37 am] mikewd2 -: WDAY IPO, cloud
computing company [06:37 am] wade50
: gm all u dont hear from me cuz i cant
type [06:38 am] joeytsa : VRTX spike
down [06:39 am] mikewd2 -: ROST [06:42
am] skydiver : S JOY 59.48 – late to
post – covered 58.93 [06:43 am]
joeytsa : nice sky [06:44 am]
skydiver : 🙂 [06:44 am]
skydiver : busy morning — – [06:44
am] shark : 😉 [06:44 am]
joeytsa : MLNX, low vol, down about $2
though [06:44 am] doji : Watching
VRTX [06:44 am] apple : good job
sky [06:45 am] skydiver : monitoring
LNKD and JOY for longs – thnx apple [06:45
am] joeytsa : tighten VRTX if
short [06:46 am] apple : thx
joey [06:48 am] joeytsa : JBHT
trying to bust thru $59 [06:49 am]
joeytsa : VRTX still falling [06:49
am] joeytsa : didnt get that last
move [06:49 am] joeytsa : BIDU
breaking out [06:50 am] aussie123 :
DOW keeps bumping my Pivot Point
…13360 [06:51 am] joeytsa : ES
trending between 1427-1430 [06:52 am]
mikewd2 -: WDAY to open 20 above priced
point [06:52 am] apple : 3 pts joey
… [06:52 am] joeytsa : VRTX
ugly [06:52 am] mikewd2 -: VRTX L
54.10 [06:53 am] skydiver : L JOY
58.49 – covered 58.88 L CRM
152.97 – covered 153.31 [06:53 am] mikewd2
-: stop below yesterdays low [06:54 am]
mikewd2 -: LQDT could be at bottom, watching
for bounce [06:54 am] skydiver : did
I say coverd on my Longs? need
coffee [06:54 am] mikewd2 -: push LQDT
push [06:55 am] joeytsa : LQDT looks
like it already bounced $1 [06:55 am]
mikewd2 -: need more though joey [06:55
am] joeytsa : WDAY ipo open [06:56
am] shark : 🙂 [06:56 am]
joeytsa : UofM #’s coming out [06:56
am] skydiver : INFY –
bottom?? [06:57 am] joeytsa : prints
are flying on WDAY [06:57 am]
joeytsa : ES finally busted
higher [06:57 am] skydiver : L INFY
43.47 [06:57 am] joeytsa : see if it
holds [06:58 am] joeytsa : totally
agree [06:58 am] skydiver : tight
stop on INFY and 1/4 normal
position [06:58 am] joeytsa : COST
ttrying to hold $97 [06:58 am] shark
: yeah, i heard membership fees going up @
COST [06:59 am] skydiver : no way
shark!!! [06:59 am] joeytsa :
markets up due to the UofM # [06:59 am]
shark : CMG catching the wave
up [07:00 am] joeytsa : yes shark,
fees have gone up [07:01 am] shark :
🙁 [07:01 am] joeytsa : WDAY trying
to hold $48 [07:02 am] mikewd2 -: CEO on
CNBC [07:03 am] joeytsa : HAIN
spike [07:04 am] eyes : Long VRTX
.33 with stop .95 [07:04 am] joeytsa
: LQDT dbl bottom [07:04 am] mikewd2 -:
nice eyes, be patient with it [07:05 am]
joeytsa : yeah, the prints really
slowed on VRTX [07:05 am] joeytsa :
they all must have jumped over to WDAY
haha [07:06 am] skydiver : sold INFY
L 43.47 – 43.69 [07:08 am]
mikewd2 -: need a push thru 55.10 on
VRTX [07:08 am] mikewd2 -: sorry
45.10 [07:08 am] eyes : now a good
time to BE [07:08 am] mikewd2 -: corretion
55.10 = haha [07:08 am] mikewd2 -: hold
your stop [07:09 am] eyes : i have
75 shares thinking of adding [07:10 am]
mikewd2 -: wait for a break above the
pivot [07:10 am] mikewd2 -: or at least
above 45.10 [07:10 am] mikewd2 -:
55.10 [07:10 am] joeytsa : thats
twice mike, dont jinx yourself haha [07:10
am] apple : gm eyes [07:11 am]
mikewd2 -: not sure why i have 45 in my
head [07:11 am] mikewd2 -: especially when
i’m long – lol [07:11 am] joeytsa :
🙂 [07:11 am] eyes : GM
Apple [07:12 am] joeytsa : ES
testing a little support here [07:14 am]
shark : watching COST [07:14 am]
mikewd2 -: VRTX testing my patience [07:15
am] eyes : i bought more [07:15 am]
eyes : My break even is .69 [07:16
am] mikewd2 -: still looks good, just wish we
would get that $1 bump [07:16 am]
eyes : you move stop to BE [07:16
am] eyes : mike [07:17 am] mikewd2
-: actually i moved it to higher, but i’m in
from 54.10 [07:17 am] Ed : i saw that u
cheated on that entry mike. 🙂 [07:18 am]
mikewd2 -: yeah, i had it placed when stock
was at 55 [07:18 am] gum : Mitch :
have you backtested the new program? If you
have could you share the results? [07:18
am] skydiver : watching LNKD [07:18
am] Ed : i do it also [07:18 am]
shark : me too, sky [07:18 am]
eyes : Ok Mike I am Know at
be [07:19 am] doji : Back from a
conferece calll…. what did I
miss? [07:19 am] mikewd2 -: should be a
good place eyes [07:19 am] shark :
hi doji [07:19 am] doji :
Shark! [07:19 am] taco : hi
Doji [07:19 am] doji :
NFLX [07:20 am] shark : yeah NFLX
die, die [07:20 am] doji :
NUS [07:20 am] mikewd2 -: eyes, i’m out
VRTX [07:21 am] mikewd2 -: +0.80 [07:21
am] skydiver : IPO – LNCO –
open FANG opening soon [07:24
am] mikewd2 -: die VVUS [07:25 am]
shark : AAPL testing pivot [07:26
am] doji : <615-635>
Weekly Put/Call Open Interest High
Range [07:26 am] doji : on
APPL [07:27 am] shark : 635 call
most traded today AAPL [07:27 am]
skydiver : thnx shark [07:28 am]
shark : SPY at be [07:28 am]
skydiver : IPO – FANG opens in about 5
minutes [07:28 am] doji : Short APPL
at 634,97 [07:29 am] shark : in time
for Halloween, sky? [07:29 am] mikewd2 -:
eyes are you out VRTX [07:29 am]
skydiver : monitoring CF CRM CAM
for longs [07:30 am] skydiver : COST
trying to bounce up – but . . . [07:30 am]
doji : weak rebound in COST [07:30
am] mikewd2 -: VVUS turning? [07:31 am]
joeytsa : yeah, just not sure if its
turning up or down [07:31 am]
joeytsa : nice cons though [07:32
am] doji : VVUS Joey? [07:32 am]
mikewd2 -: yeah a bit worried, bought 25
puts [07:32 am] taco : try it
sure [07:32 am] joeytsa : im
listening to classical MItch [07:32 am]
skydiver : LNKD [07:33 am]
shark : daily pretty strong,
mike [07:33 am] shark : just some
res at 100day [07:33 am] taco : i
sang this in choir [07:33 am]
skydiver : well . . LNKD
false alarm at moment [07:34 am]
joeytsa : nice [07:35 am]
joeytsa : Mitch: i like the Relaxation
one [07:35 am] shark : i might fall
asleep [07:35 am] shark : time for
some AC/DC [07:35 am] skydiver : ava
maria – drink lots of coffee shark [07:36
am] joeytsa : Mitch: tell me what you
think of this…. [07:36 am] joeytsa
:
p;amp;feature=plcp [07:36 am]
skydiver : llike the yellow cap
joey [07:37 am] joeytsa : thats our
horse stable hat 🙂 [07:37 am]
joeytsa : JBHT 50cent spike [07:37
am] Mitch K: not a jazz guy joey, short
circuits my brain during trading [07:38
am] joeytsa : im not a jazz guy either,
will put up some classical this
weekend [07:38 am] shark : 🙂 nice
joey, where’s the maid? [07:38 am] Mitch
K: was that you playing joey? [07:38 am]
joeytsa : yeah, thats me [07:38 am]
Mitch K: great [07:38 am] taco :
nice joey [07:38 am] joeytsa : will
get you some chopin this weekend [07:39
am] shark : great play! 😉 [07:39
am] doji : I always listen to AC/DC
when I have my Argentinian secretary taking
dictation….. [07:39 am] shark :
lol [07:39 am] Mitch K: yeah we play Rach
2 concerto, Chopin concertos, [07:39 am]
joeytsa : nice [07:39 am] mikewd2 -:
nice move up on LEAP [07:39 am] eyes
: Well i tryed costco had a stop 96.30 took
long .83 [07:39 am] skydiver : ah .
. music lovers . . . my kind of people
🙂 [07:40 am] Mitch K: hey joey, there is
a guy in Las Vegas that went bankrupt on his
Bosendorfer piano dealership, killer
prices [07:40 am] shark : awesome
eyes [07:40 am] joeytsa : really,
didnt hear that [07:40 am] skydiver
: FANG is now open [07:40 am] Mitch K: he
had $200k pianos go for about 60k [07:40
am] joeytsa : bosendorfers are up there
in price [07:40 am] mikewd2 -: you did a
long right eyes? [07:40 am] Mitch K: I
have a 9’6″ in my living room [07:41 am]
joeytsa : the piano in the video is a
Boston, subsidiary or Steinway [07:41 am]
apple : joey, you are great — next
time smile! [07:41 am] skydiver :
yes – those are expensive — sold a few of
those years ago — [07:41 am]
joeytsa : of Steinway [07:41 am]
eyes : yes [07:41 am] mikewd2 -:
your still in and winning then [07:41 am]
skydiver : nice eyes on COST [07:41
am] shark : COST over vwap [07:41
am] mikewd2 -: target 1 should be about 50%
retracement [07:42 am] eyes : ya got
stoped out [07:42 am] mikewd2 -: how?
there wasn’t a pull back [07:42 am]
mikewd2 -: not on 2min [07:42 am]
skydiver : eyes ??? [07:42 am]
apple : great movie on the making of a
steinway – Note by Note The Making of
Steinway L1037. Takes a year to make
one. [07:46 am] lisas :
wlt [07:46 am] apple : thx MK, E and
everyone. gotta go early.
everyone have a wonderful weekend. [07:46
am] joeytsa : bye apple [07:47 am]
taco : bye apple [07:47 am]
skydiver : take care apple — see
you [07:47 am] joeytsa : Mitch: this
is the best i could do in a few
minutes… [07:47 am] joeytsa :
p;amp;feature=plcp [07:47 am] elisha
: bye apple [07:48 am] shark : bye
apple [07:49 am] taco : nice joey,
you and stephen colbert look a bit
alike [07:49 am] shark :
rofl [07:49 am] mikewd2 -: Tony Horton
coming up on CNBC joey [07:49 am]
joeytsa : 🙂 [07:49 am] Mitch K:
nice joey, [07:49 am] joeytsa :
thanks [07:49 am] Mitch K: your bench is
too low [07:49 am] joeytsa : its not
adjustable [07:49 am] shark : love
Chopin, great job 🙂 [07:49 am] Mitch K:
nice playing [07:49 am] joeytsa :
thank you [07:50 am] Mitch K: this was
played in the PIanist movie [07:50 am]
joeytsa : correct [07:50 am] Mitch
K: you know what piano is in that old house
he was playing for the German
officer? [07:50 am] joeytsa : also
played in the tv show Sarch Connor
Chronicles, when the female terminator does a
ballet dance [07:50 am] Mitch K: i think
it was an AUgust Foster [07:50 am]
joeytsa : wow [07:52 am] mikewd2 -:
eyes, you notice on COST on 2min, that not
one candle is lower than the
previous. [07:52 am] skydiver : COST
being good [07:52 am] mikewd2 -: there’s
your boy joey on CNBC [07:53 am] Ed : also
drew trendline for ur reference [07:53 am]
Mitch K: hey joey, try putting 4 books of
equal thickness under legs, about 3/4″
lift, will be easier
technique [07:53 am] Mitch K: under bench
i mean [07:54 am] mikewd2 -: first sign of
weakness on COST [07:54 am] elisha :
Ed, did you enter where candle pierced
trendline? [07:54 am] Ed : would have been
good entry, I had to make a quick run at that
time [07:55 am] elisha :
thx [07:58 am] reshef : CCI How meny
days 28? [07:59 am] Ed : hey reshef. I
need to take that off, I dont use it. Just
had up on chart for last couple years and
forget it [08:02 am] mikewd2 -: VRTX
nearing lod [08:03 am] shark : you
out of VVUS? [08:03 am] shark :
puts? [08:03 am] mikewd2 -: no, still in
shark [08:04 am] shark :
hmmm… [08:04 am] mikewd2 -: yeah, i
know [08:06 am] reshef :
stz [08:10 am] mikewd2 -: VRTX [08:11
am] shark : NFLX testing lod [08:15
am] eddy : test [08:16 am]
eddy : screen is distorted is it just
me ? [08:16 am] doji : Back from a
2nd conference call….. what did I
miss? [08:16 am] shark : TSA screen
looks fine to me, eyes [08:16 am]
shark : eddy [08:17 am] eddy :
ok thanx shark [08:21 am] mikewd2 -:
MNST chart is a nice one [08:22 am] Ed :
sure is [08:24 am] doji : Are in
MNST Mike? [08:24 am] mikewd2 -: no doji,
just noticed the chart [08:25 am]
doji : I took it out of my screen
yesterday…. dang [08:25 am] doji :
filled Wednesday’s gap [08:26 am]
doji : 57.40 is the 50dMA [08:29 am]
doji : Watching TSO [08:30 am]
mikewd2 -: me too doji [08:30 am]
doji : MNST [08:34 am] doji :
GMCR [08:35 am] mikewd2 -: stopped on VRTX
long [08:41 am] mikewd2 -: stopped and it
takes off – haha [08:42 am] Ed : hey
guys/gals do u see what i see on 1minute
chart of VRTX? [08:42 am] doji :
1min candles? [08:42 am] Ed : bear
cup [08:43 am] doji : Support at
yesterday;s low [08:43 am] Ed : support
also at low, yes doji [08:43 am]
elisha : Ed, please point to the bear
cup [08:44 am] elisha : Thank you,
so cup with no handle? [08:44 am]
doji : Bear cup at the break of
54 [08:44 am] mikewd2 -: i should have had
my stop a few cents below yesterdays low,
missed that [08:45 am] doji : I know
always draw a line on yesterday’s H/L on
every stock [08:45 am] doji :
manually as TOS doesn’t have it [08:46 am]
mikewd2 -: i actually was at two cents below
yesterdays low of 54.50, and it went down and
got me [08:46 am] mikewd2 -: sorry
53.50 [08:46 am] shark :
AGNC [08:46 am] mikewd2 -: QCOR
hod [08:46 am] Ed : no wonder im crazy, i
look at so many different styles of
charts [08:47 am] joeytsa : ES needs
to hold 1420 [08:47 am] shark :
haha [08:47 am] elisha : it is so
obvious since you pointed it out [08:47
am] shark : charts by Matisse, Picaso,
Renoir [08:47 am] Ed : i think VRTX is
stuck [08:47 am] joeytsa :
🙂 [08:47 am] Ed : yea [08:47 am]
doji : hahaha [08:48 am] doji
: Ed “The Painter” Moody [08:48 am]
joeytsa : not much on VRTX L3 [08:48
am] doji : Body painter Ed? [08:48
am] mikewd2 -: need one more penny on my
stop [08:48 am] joeytsa : bunch of
100 share amounts [08:49 am] mikewd2 -:
H/S on 2min forming on VVUS? [08:51 am]
joeytsa : MCK nice 50cent moves all
morning [08:51 am] doji : QCOR
hitting yesterda’s high [08:56 am]
joeytsa : HAIN still trying to find a
bottom [08:58 am] joeytsa : last
candle was decent vol..ugly chart
though [08:59 am] Ed : been nice to have 3
more bars like that [08:59 am] Ed :
atleast [08:59 am] joeytsa :
yeah [08:59 am] jsn13 : cos it’s
friday lunch time now? [08:59 am] mikewd2
-: right shoulder setting up on
VVUS [09:00 am] doji : HAIN still
weak [09:00 am] Ed : i will take high
probability trades during lunch. all others i
pass [09:00 am] joeytsa : good
plan [09:02 am] doji : HAIN long
57.97 [09:02 am] doji : tight
stop [09:03 am] mikewd2 -: thought you
said it was still weak – haha [09:04 am]
doji : Yeah…. [09:04 am] mikewd2
-: nice breakout on QCOR [09:04 am]
doji : stopped 5c loss….. [09:04
am] joeytsa : you tried [09:05 am]
mikewd2 -: trying to close the gap up from
8/22-23 [09:07 am] mikewd2 -: HAIN should
be close [09:08 am] joeytsa : TCBI
has been a dog too [09:08 am] doji :
S3=57,15 [09:08 am] doji :
HAIN [09:08 am] shark : any news
HAIN [09:08 am] mikewd2 -: dont’ see
any [09:09 am] shark : thx
mike [09:11 am] shark : needs to
break thru 10min ma on vol [09:11 am]
shark : HAIN [09:11 am] Ed : HAIN is
a no touchy for me, at this time [09:12
am] doji : Need to recover my 5c
loss… [09:12 am] Ed : no extreme
selling, me watchy from sidelines [09:13
am] joeytsa : just bleeding [09:13
am] shark : at S3 HAIN [09:13 am]
doji : yeap [09:14 am] Ed : many
breakdowns [09:14 am] mikewd2 -: closed
VVUS puts +0.08, 20 contracts [09:14 am]
shark : 🙂 nice mike [09:15 am]
taco : shark, what is s3? [09:15 am]
shark : i use indicators called Pivots,
taco [09:15 am] taco : ahh [09:16
am] taco : where can i learn about
pivots? [09:16 am] shark : you can
google it [09:16 am] taco : k
thanks [09:17 am] doji : you can get
the pivots using
http://www.frestockcharts.com [09:17 am]
doji : they are the most used [09:20
am] taco : cool thanks, got
it [09:21 am] doji : Load a chart
and then add pivots for the day… they
change daily so use on intraday
charts [09:21 am] doji :
HAIN [09:22 am] mikewd2 -: missed tried
for 56.50 hain [09:22 am] doji :
57.17 [09:22 am] shark :
🙂 [09:23 am] doji : something is
wrong with my quotes in TOS…. [09:23 am]
joeytsa : convert them from pesos to
dollars 🙂 [09:23 am] doji :
had a limit order at 56.87 and was filled at
57.17…. [09:23 am] mikewd2 -: might get
my 56.50 afteral [09:23 am] joeytsa
: thats not right [09:24 am] doji :
will call right now [09:24 am] shark
: ouch [09:24 am] doji :
QCOR [09:27 am] reshef : Ed, What is
the stochastic you work with? [09:29 am]
Ed : I dont use them [09:29 am] doji
: CLF at 40 [09:29 am] Ed : but I think a
setting the some are using is 6,5,4 [09:29
am] reshef : Thanks [09:29 am] Ed :
no problem [09:30 am] joeytsa : has
anyone compared stochastics 6,5,4 to 8,7,6
?? [09:30 am] Ed : i kknow scientist but
Im sure the 6,5,4 will give quicker
signal [09:31 am] Ed : Im no
scientist [09:31 am] mikewd2 -: HAIN L
56.50, stop dime below lod [09:31 am]
joeytsa : yeah, just wasnt sure if that
is good or not [09:31 am] joeytsa :
HAIN closing gap from august [09:31 am]
mikewd2 -: yes [09:31 am] Ed : I noticed
once market conditions change I saw Mitch
change to that setting [09:32 am]
joeytsa : maybe will put charts side by
side and watch [09:32 am] doji :
Technical issues with TOS… having problems
to place orders… tried QCOR and said I need
to enter a valid symbol….. [09:32 am]
shark : lot of support on these
previous tops -HAIN daily [09:32 am]
doji : same with NAIN [09:32 am]
doji : HAIN [09:32 am] mikewd2 -:
good idea [09:33 am] doji : so no
rason to stay looking at charts… see ya
later [09:33 am] Ed : c ya doji [09:33
am] shark : you taking off
doji? [09:33 am] joeytsa : bye
doji [09:33 am] taco : bye
doji [09:33 am] eddy : bye
doji [09:33 am] shark : gotta get
them fixed [09:33 am] Ed : guess qwert
could not get internet issues fixed [09:33
am] joeytsa : thats no fun [09:34
am] doji : It seems that they just
lauched the new TDA website and having issues
to connect with TOS [09:34 am] doji
: See ya later [09:34 am] shark :
bye doji [09:36 am] mikewd2 -: out half
HAIN +0.85 [09:36 am] shark : nice
mike [09:37 am] eddy : MIke how did
you know you chould have entered at the price
you entered? [09:37 am] mikewd2 -:
WLT [09:37 am] eddy : wat was the
signal? [09:38 am] joeytsa : great
trading mike !! [09:38 am] mikewd2 -: it
was getting near the gap close from 8/22-23
like i mentioned and then just went nearest
half dollar [09:39 am] mikewd2 -: didn’t
get it first time at 56.50 so got in
56.58 [09:39 am] taco : had a great
day, thanks all. enjoy your
weekend! [09:39 am] mikewd2 -: i’m all out
now, had a 30 cent trailing stop [09:40
am] shark : 🙂 [09:40 am] Ed : c ya
taco [09:40 am] shark : bye
taco [09:40 am] eddy : bye
taco [09:40 am] mikewd2 -: WLT providing
nice tradeable signals on stochastics.
haven’t traded though [09:40 am]
shark : enjoy a burrito 😉 [09:40
am] taco : ciao, gotta dr’s [09:41
am] reshef : tcbi [09:45 am] mikewd2
-: watching VRTX [09:46 am] joeytsa
: ES in tight range [09:47 am] eyes
: See you all later [09:47 am] eddy
: bye eyes [09:47 am] Ed : c ya
eyes [09:53 am] joeytsa : tighten
TCBI if short [10:06 am] joeytsa :
yep [10:06 am] joeytsa : over an
hour [10:11 am] elisha : Do you have
charts linked together with different time
periods so when you pull up a symbol you are
automatically looking at 1 min, 15 min and
daily? [10:11 am] elisha : or do you
do that manually? [10:11 am] shark :
2 local dem’s brwaling 1mile from my
house [10:11 am] shark : should be
interesting -on CNBC after break [10:13
am] Ed : yes elisha, when I pull up chart, it
is linked and pulls up 1, 15min and
daily [10:13 am] elisha : Thank you
Ed! [10:13 am] Ed : no problem [10:14
am] elisha : Does on symbol with those
3 linked charts take up an entire
screen? [10:14 am] elisha : on =
one [10:16 am] Ed : i have 1 screen that
shows for large view 1min and daily [10:17
am] Ed : and then on 1 creen, one 15minute
chart linked to the large screen. then the
rest of my charts are all 1 minue, usually 22
small 1minute charts [10:18 am]
elisha : Thank you again Ed for the
visual [10:18 am] joeytsa :
nice [10:18 am] elisha : no pun
intended [10:18 am] Ed : u dont have to
have that many. Most important is time frame
ur trading on and atleast 15min or daily
chart [10:19 am] elisha : good to
know, I have a thired screen I want to hook
up with my laptop [10:19 am] Ed : sounds
good [10:20 am] elisha : well, %wise
it’s half again as much [10:20 am] Ed :
too much to quickly becomes over
kill [10:21 am] elisha : I can
believe that – I’m still trying to get over
the whiplash I got from the first week in
this room trying to keep up with youse
guys [10:21 am] Ed : i worked from 1
monitor, to 3 then 6 and now Im finished at
10 [10:21 am] joeytsa : FRAN vol
spike down [10:21 am] Ed : all depends on
trader. I know some been trading for while
only use 2 monitors [10:22 am]
elisha : thanks Ed, I needed to hear
that [10:23 am] Ed : same with trading,
some trade 1 strategy and make tons, some
trade many strategies. [10:23 am]
shark : 🙂 [10:24 am] elisha :
thanks Ed, you’re kind of like yoda, aren’t
you [10:24 am] shark : just in time
for Halloween, there’s your character,
Ed! [10:24 am] Ed : lol [10:24 am]
shark : got to practice the voice,
now [10:25 am] Ed : but who is
yoda? [10:25 am] elisha :
seriously? [10:25 am] Ed : yep [10:25
am] shark : you under 20? [10:25 am]
Ed : 41 [10:25 am] elisha : timeless
sage from star wars [10:25 am]
joeytsa : mmmm, mind what you have
learned, save you it can 🙂 [10:25
am] elisha : funny joey [10:25 am]
Ed : no wonder, never watched it [10:25
am] cowboyh : may the force be with you
ed [10:26 am] Ed : never wanted to see
it [10:26 am] shark : too busy
studying NFLX charts on the
weekend? [10:26 am] Ed : lol [10:26 am]
Ed : just always thought even as kid was
unrealistic. just my thoughts [10:27 am]
shark : all out HAIN long here
+1.00 [10:27 am] Ed : maybe i should rent
original movie so I can atleast say I have
seen it [10:28 am] shark :
😉 [10:28 am] joeytsa : you have to
watch all 6 to know the story [10:28 am]
shark : see if you like the original
one, though, first [10:28 am]
joeytsa : i just saw Wicked last
month, now i cant watch Wizard of Oz
anymore the same [10:29 am] Ed : forget
it, too much work. [10:29 am] shark
: haha [10:29 am] Ed : any
clipnotes [10:29 am] elisha : just
say thank you – was meant as a
compliment [10:29 am] jsn13 : shark,
may i know how do u identify the potential
support level for entry? was it the 50 sma
(daily) that u r using? [10:29 am] Ed :
thank you very very very much [10:30 am]
jsn13 : i mean on HAIN
long… [10:30 am] joeytsa :
lunchtime, see you all in a bit [10:30 am]
murano : Before you thank her you need
to see what Yoda looks like. [10:30 am]
elisha : bye joey [10:30 am] Ed : c
ya joey [10:30 am] eddy : im done
here for the day [10:30 am] eddy :
bye all [10:30 am] Ed : seriously?
LOL [10:30 am] Ed : c ya eddy [10:31
am] elisha : bye eddy [10:31 am]
shark : when it retested 10min break
out at 12:33, I bought [10:31 am]
jsn13 : google it ed…. [10:31 am]
Ed : i am now [10:32 am] shark :
also had a small position from 12:22 from 1st
10min break [10:32 am] Ed : wow. we almost
look like twins [10:32 am] Ed : Im
taller [10:32 am] elisha : good to
know [10:33 am] shark :
lol [10:33 am] Ed : oh and skin color is
tad different [10:33 am] jsn13 : ok
nice shark….got it…thanks…. [10:33
am] shark : he must have sat under a
green sun lamp [10:34 am] shark :
did you trade HAIN, Ed? [10:35 am] Ed :
no [10:35 am] shark : would it have
qualified at anytime off the bottom with your
style? [10:35 am] Ed : i was on sabbatical
at that time [10:35 am] jsn13 : not
high probabilty enough at this lunch
time? [10:35 am] shark : rolf, oh,
okay 🙂 [10:35 am] shark :
rofl [10:35 am] Ed : no it never
did [10:36 am] Ed : for the time o f
day [10:36 am] jsn13 : ok ed, can u
show us some nice lunch time high probabilty
trades? [10:37 am] shark : HAIN
testing vwap [10:37 am] Ed : dont see
any [10:37 am] jsn13 : what do tehy
look like? any example from today or
yesterday if any? [10:37 am] Ed : either
news movers, or any fast mover with extreme
move sellers or buyers [10:38 am] Ed : i
will only play those during lunch
hour [10:38 am] jsn13 : visually,
something like volume spikes with consecutive
same coloured big bars? [10:39 am] Ed :
fast mover, drop move up of 3% or more in
minutes [10:39 am] jsn13 : something
like VRTX yesterday..ok thanks for the
tips… [10:40 am] Ed : other than that I
become really skeptical, especially during
12pm to 1pm est [10:40 am] jsn13 :
did u take that TCBI short? [10:40 am] Ed
: exactly VRTX yesterday was prime
ex. [10:40 am] Ed : nope [10:41 am]
jsn13 : ok thanks….nice to
know…. [10:42 am] Ed : and I have an
extremely high % on those types of trades,
that why I call it my hihest probability
trade [10:43 am] jsn13 : as VRTX
wont occur that frequently, do u remember any
other regular trades as of yesterday’s lunch
time? [10:44 am] Ed : thats importan to
know as trader also, which type of trades are
u getting better % [10:44 am] jsn13
: ok thanks… [10:45 am] jsn13 : i
will look into my trades and find
out… [10:46 am] Ed : was not during
lunch time but others that were similar what
I call my highest prob. trade from
yesterday OSK CLWR
VRTX PCS. these were ones i was able to
catch and trade [10:47 am] Ed : i
categories all my trades [10:47 am]
jsn13 : ok nice to have examples….how
do u categorize them? [10:49 am] Ed : type
1) fast movers, news movers, buyout rumors.
2) short/long after hittin support/resist. 3)
consolidatin move up/down 4) breakout hod or
breakdown lod 5) gaps [10:51 am] Ed : This
is why its good to know for ur strategy ur %.
If ur down for the day as example, you can
always just focus on ur “bread and butter”
trade which should be ur most successful type
of trade [10:51 am] jsn13 : for
number 2, can u show us some
examples? [10:52 am] jsn13 : r they
considered less straightforward? or was it
like first hour trades? [10:52 am] Ed :
its any stock not meeting the other
criteria [10:52 am] Ed : this is just my
defined catergories [10:52 am] jsn13
: ok nice…. [10:52 am] jsn13 :
makes very good sense…. [10:53 am]
jsn13 : perfect as
reference…. [10:53 am] jsn13 :
thanks…. [10:53 am] eyes : gold
selloff [10:53 am] shark : thx,
Ed [10:54 am] Ed : just sharing how one
can approach and breakdown what they trade.
Trading is a business and it like each
category is a department [10:55 am] Ed :
some just like the deparment of trading
breakout/breakdowns as ex. [10:57 am]
shark : wow, left another .50 on table
w/ HAIN [10:57 am] mikewd2 -: no real vol
in these bounces on VRTX [10:57 am]
jsn13 : huh i like money making
departments…..but would like to focus on
reversals for now…. [10:57 am] mikewd2
-: me too shark got out 54.90 [10:57 am]
mikewd2 -: 57.90 [10:58 am] mikewd2 -:
getting some vol in this VRTX spike [10:58
am] jsn13 : mike, u reentered HAIN? at
what price was ur 2nd entry? [10:59 am]
shark : can we work on exit signals,
Ed? [10:59 am] mikewd2 -: 57.60 jason,
waited to a higher high off the
bottom, [11:00 am] shark : looking
at HAIN: total vol diminishing, but stock
held 10min all the way up [11:00 am]
mikewd2 -: had to leave so i just put in a
target, unfortunately it hit [11:00 am]
shark : yeah, I thought you were still
gone [11:01 am] shark : 59.04 =
100day ma HAIn [11:02 am] jsn13 : ok
thanks mike…..nice trade… [11:03 am]
mikewd2 -: i need to just trade TSO, been
providing great trades for last several
weeks. [11:03 am] elisha : Hain
gapping down [11:06 am] shark : not
a gap, elisha [11:07 am] shark :
broke thru several short term ma’s [11:07
am] elisha : ok [11:08 am]
elisha : is that a falling
window? [11:17 am] reshef : TSO
Short? [11:19 am] Ed : does not fit my
style reshef [11:19 am] reshef :
What do u mean? [11:20 am] Ed : for
instruments I trade, I have a trading plan
written out, and if it does not fit, I do not
trade it [11:21 am] mikewd2 -: have you
ever showed us your trading plan
Ed? [11:21 am] Ed : in other words I do
not trade everything that gives a
signal [11:21 am] reshef :
thanks [11:21 am] Ed : No, have
not [11:21 am] Ed : I wrote it out in pen
2 years ago [11:22 am] reshef : Can
I get it by mail? [11:22 am] Ed : however
I have shared many of the things that are in
my trading plan everyday with you
all [11:22 am] mikewd2 -: so can you scan
it and place in documents folder? [11:23
am] reshef : I am with you only few
day’s [11:24 am] Ed : I think sharing
template would be more useful, since a
trading plan is unique to the individual as
it pertains to the individual [11:24 am]
mikewd2 -: yeah, sounds good [11:25 am]
mikewd2 -: MAKO steady down trend
today [11:25 am] Ed : I dont mind sharing
but dont think it would be that useful unless
you want to know more about me [11:26 am]
joeytsa : only if you include pictures
🙂 [11:26 am] shark : 🙂 [11:26
am] mikewd2 -: HAIN still moving up [11:26
am] elisha : how long have you been
trading? [11:26 am] elisha : if you
don’t mind [11:27 am] Ed : like it starts
out with mindset: my weaknesses, my
strenghts, my trading goals, methods, type of
accounts and so on [11:28 am] Ed : thats
why I say I share it with you guys all the
time [11:28 am] shark : and how well
you can jam on the guitar with
joey! [11:28 am] Ed : trading the right
way or trading [11:28 am] elisha :
both [11:28 am] joeytsa :
🙂 [11:30 am] mikewd2 -: LQDT slowing
moving up since this morning tank [11:31
am] Ed : I have been trading the right way
elisha for 2 years, but I got started back in
1995 [11:32 am] doji : And how was
your trading from 1995 to 2010? [11:32 am]
elisha : what happened two years ago
for you to make the switch? [11:32 am]
doji : loosers/winners? [11:34 am]
doji : Elsihas, he started working
extra hours on Saturday’s nights… [11:34
am] Ed : I started out investing money and
managing money for others in 95 after failing
at selling insurance and investtments from 94
to 95. But was always great researcher and
stock picker [11:34 am] doji : Love
changed the way he trades now [11:34 am]
elisha : sardonic doji [11:34 am] Ed
: love is grand [11:35 am] doji :
Hey Elisha, we all here love Ed…. just ask
Apple [11:35 am] elisha : i know you
guys do [11:36 am] Ed : I got better with
time and research i put in for stock picking
and managing money. And did extremely well
with great returns for clients. But preface
to say that was not day trading [11:36 am]
Ed : One thing I noticed about the market
dynamcis is that the timeframe to hold stocks
was getting shorter and shorter [11:36 am]
Ed : when I cam into industry hold times were
5+ years [11:37 am] Ed : by the time 2009
came around the hold times were
6months [11:37 am] Ed : then they went
from 6months to less. [11:38 am] Ed : I
did very well and not losing money for
clients durin crashes of 1990’s, 2002 and
2008. However, I know that there had to be
another way to make money [11:39 am] Ed :
so thats when I began to want to swithc gears
and find another way, and I knew people took
money out of the markets on daily
basis [11:39 am] doji : And that is
when he decide the Sarurday’s nights
job [11:39 am] Ed : So, with my research
background I began lookn for who could i seek
out to learn [11:39 am] Ed : good one
doji [11:40 am] mikewd2 -: YOKU back over
20 [11:40 am] Ed : So, after many trials
and errors I came upon TSA [11:40 am]
cowboyh : looking for yoda [11:40
am] mikewd2 -: nice $1 move in WLT [11:41
am] Ed : It was 11/22/2009 [11:41 am] Ed :
many may say i had great background, but i
will be 1st to tell you, completey different
trading v. investing [11:41 am]
joeytsa : totally different [11:42
am] Ed : So, if u dont have background you
are actullay better off [11:42 am] Ed : no
bad habits [11:43 am] Ed : in investing
you can buy at say 601 on aapl since ur lookn
to hold longterm. On daytrading its not as
forgiving [11:43 am] Ed : So my issue was
I was trying to daytrade with an investing
background [11:44 am] Ed : I loss a ton of
my money, with these bad habits as with day
trading entry/exit is critical [11:44 am]
Ed : PLus i had soo much success managing
money and thought it should easily convert,
not the case [11:44 am] Ed : totally
different [11:45 am] Ed : So, I went to
1st seminar in orland that TSA had given and
the light came on [11:45 am] Ed : So I
thought, I felt like a winner armed with alll
Mitch and his staff taught [11:46 am]
joeytsa : and when you feel like a
winner… 🙂 [11:47 am] Ed : I recall like
it was yesterday, tht 1st trading day back I
tried to employ everything i learned in the
seminar. so by end of day down 3k and 101
trades later was so disheartened [11:47
am] lisas : And he sat next to me,
don’t forget that! [11:47 am] Ed :
lol [11:47 am] Ed : i surely did [11:47
am] elisha : are you
kidding?!! [11:47 am] Ed : Im
seroius [11:47 am] Ed : serious [11:47
am] lisas : I guess Va was losing big
that week [11:47 am] lisas : did the
sam [11:48 am] lisas :
same [11:48 am] Ed : so I sent emails to
the stafff at TSA [11:48 am] lisas :
**@####** [11:48 am] jsn13 : sent
email to ask for refund? [11:48 am] Ed :
by this time they got the beta up for trade
room and I was a member, so my thought is
yes, now I will get the ideas from the
experts and make a tom [11:48 am] Ed :
tom=ton [11:49 am] Ed : well every idea
thrown out, i was tryn to trade, and each day
was losing, not that ideas were bad, I was
just trying to make it happen [11:50 am]
Ed : As I felt like I could, and would, so
had right attitude just wrong
approach [11:50 am] Ed : after many losing
days and winning days here and there I get a
call frm TSA asking about how things were
going [11:50 am] doji : Micth never
called me… need a refund [11:50 am] Ed :
I told them the thruth, I feel like i know it
but im losing [11:51 am] eyes : you
spound like me [11:51 am] Ed : So, I then
was told to go to sem [11:51 am] Ed :
sem=sim [11:51 am] Ed : which i
did [11:51 am] Ed : and spent some time
with one of the moderators via email and
room [11:52 am] Ed : they told me about
the very same books to read that we tell you
guys [11:52 am] Ed : I spent alot of time
going through the books and spend alot of
time studying the charts like Mitch was
telling us in room [11:53 am] Ed : And at
that point felt like I was getting
it [11:53 am] Ed : What would happen then
is I would have 2 good days and then series
of bad days [11:53 am] reshef :
Pring & Murphy? [11:54 am] Ed :
john murphy and mike douglas [11:54 am] Ed
: and also curtis faith [11:54 am]
elisha : and steve nison [11:54 am]
joeytsa : here is a video of Ed from
that 1st trading day… [11:54 am]
joeytsa :
http://www.youtube.com/watch?v=ufsf_-a_H9Q [11:54 am] Ed : LOL [11:55 am] Ed :
another good one elisha [11:55 am] Ed :
So, things felt like they were coming
together [11:55 am] lisas : funny
joey [11:55 am] Ed : and they were, I was
getting more consistent [11:55 am]
joeytsa : 🙂 [11:55 am] Ed : then i
would revert back [11:56 am] joeytsa
: not sure why we always revert to our bad
ways [11:56 am] Ed : So, when I went to
last seminar march 2011, I hear at the
seminar ‘YOU MUST HAVE A TRADING
PLAN” [11:56 am] lisas : This is
great Ed, thanks for sharing! [11:56 am]
joeytsa : its almost like we feel we
dont deserve success, so we derail
ourselves [11:57 am] cowboyh : I
hear that Joey [11:57 am] Ed : and yous
should not trade until you have one
written [11:58 am] Ed : so 1st thing I did
when I got back home is I spend the whole day
writing my trading plan which is about 5
pages [11:58 am] joeytsa : should
always physically write stuff
down..plans,goals etc [11:58 am] Ed : and
I did not trade again until that was done, I
then went back to basics, I traded 100shares
until [11:58 am] Ed : by the way I wrote
my plan in one day [11:59 am] Ed : So, I
had to prove that i was good enough to
increae share size [11:59 am]
joeytsa : all that work is why you do
so well now [11:59 am] Ed : How did I do
this, I had to be consistent before I could
increas to 200 then 300, 400 and so
on [12:00 pm] Ed : I also realized I had
to respect the money [12:00 pm] Ed : I
knew I did not want to revert back to the
mean and that is where discipline comes in to
play [12:00 pm] lisas : When you
were trading 100 lots, what did you do for
targets, all out at once, or scale
out? [12:00 pm] Ed : I did all out at
once [12:01 pm] victor51 : Thanks Ed
Great background and quite encouraging.
I like to study but looks like it will some
time to win consistently and with
confidence. [12:01 pm] lisas : Did
you base exit on price points on chart, or an
amount of profit? [12:01 pm] Ed : So i
became very consistent to really being able
to make money at will, when sticking to
discipline [12:01 pm] Ed : I based exit on
levels of support/resistance 1 st
level [12:03 pm] Ed : So, I sent an email
to TSA and Mitch thankn them for everything
and let them know that I was extremely
consistent in my trading, he had his staff to
email me here and there [12:03 pm] Ed :
and then I get a call from him [12:03 pm]
lisas : If I remember, you tried to
have entry very close to support/resistance
so stop made for good Risk/reward ratio,
correct? [12:03 pm] Ed : long story short
I was asked to become a moderator [12:03
pm] Ed : yes thats correct
lisa [12:04 pm] Ed : So, long story short
there is hope, just dont let it be in the
trae [12:04 pm] Ed : trae=trade [12:04
pm] lisas : Can I ask you a question
about choosing s/r? [12:05 pm] Ed : so 2
more months will be 1 year of being
moderator [12:05 pm] Ed : yes
lisa [12:05 pm] lisas : Look at TCBI
5 min chart [12:05 pm] jsn13 : so
ed, how does a trading plan looks like? what
sections do have in the trading
plan? [12:06 pm] lisas : at about
12:10 EST, there is a spike down at 47.63,
the high off that spike is about
48.20 [12:06 pm] Ed : hey lisa do you
still have the template I emailed you of
trading plan [12:06 pm] Ed : ok
12:05 [12:07 pm] Ed : yes I see
it [12:07 pm] reshef : Can I get it
too? [12:07 pm] lisas : If you
entered long at the low would you use the low
spike at 47.63 as resistance, or the upward
level of 48.20. I should have it Ed,
but took a lot of stuff and backed it up when
PC went off for repair, I can look [12:07
pm] jsn13 : lisas, can u forward the
trading plan to me? [12:08 pm] lisas
: I’ll look for it guys. [12:08 pm] Ed :
we will get it uplaod in room here [12:08
pm] Ed : the trading plan [12:08 pm]
jsn13 : nice…. [12:08 pm]
lisas : I have several plans, need to
be sure it’s the correct one [12:08 pm]
doji : Ed, I really think your trading
sessions with the group on weekends will be
great for everyone [12:09 pm] jsn13
: very very crucial….it can help me
organize my thoughts… [12:09 pm] Ed : If
i entered at that time lisa I would place a
stop below the blue line you see the thick
one [12:10 pm] lisas : Anyway, back
to TCBI resistance around 48. Use the spike
down price from 12:10, or the bounce upper
limits of that down spike? [12:10 pm] Ed :
does tht help lisa [12:10 pm] eyes :
what is the blue line [12:10 pm] Ed : but
when I quickly eyeball the chart I would not
take that long [12:11 pm] Ed : I will
explain and point out why [12:11 pm]
lisas : go back several hours from
now [12:11 pm] lisas : I’m assuming
entry at the first touch of red dotted
line [12:11 pm] Ed : same time
12:05 [12:11 pm] joeytsa : next
larger timeframes were on downtrend [12:11
pm] lisas : What is the blue
line? [12:12 pm] lisas : Not used to
esignal [12:12 pm] Ed : opening
price [12:13 pm] Ed : but whats
questin [12:13 pm] mikewd2 -: hope you
guys took the LQDT long, i’m out
+0.65 [12:13 pm] Ed : nice mike [12:13
pm] Ed : make some money for me [12:14 pm]
eyes : ED what is the blue
line [12:14 pm] doji : Make a lot of
money for our lunch next Satuday
Mike [12:14 pm] mikewd2 -: it breaks over
40, may re-enter [12:14 pm] Ed : opening
price [12:14 pm] mikewd2 -: your on
expense doji [12:14 pm] eyes : Mine
shows 50.40 [12:14 pm] lisas :
Basically, on a spike down like you see in
TCBI, if you enter below that, do you use the
spike price as resistance, or the upper level
of the move off the spike [12:15 pm]
jsn13 : ur opening is market opening
price ro premarket openign price? [12:15
pm] lisas : But, looking at the chart,
the spike price proved to be resistance I
guess [12:15 pm] Ed : if I dont show clear
potential supprt, I will use the few cents
below lowest candle [12:16 pm] lisas
: ok, thanks. That’s what I’ve been using,
but some stocks continue on [12:17 pm]
doji : LQDT hammer in
1min…. [12:17 pm] doji : at
40 [12:17 pm] Ed : no problem [12:17
pm] doji : no volume for
breakout [12:17 pm] mikewd2 -: tried to
short at 40.20, but missed [12:18 pm]
mikewd2 -: actually got it at 40.20 8
shares [12:18 pm] Ed : hey lisa I also use
areas of consolidation for potential
support/resistance [12:18 pm] mikewd2 -:
that sucks [12:18 pm] doji : I
thought you want to go long Mike [12:18
pm] mikewd2 -: was until i saw the vol
spike [12:18 pm] doji : ? [12:19
pm] doji : Voulme spike was at the fade
breakout but then diminished [12:19 pm]
mikewd2 -: at least my commission is cheap on
8 shares at TS [12:19 pm] victor51 :
Did anyone rec’d any communication on
Lightning webinar? are we on
tomorrow? [12:19 pm] elisha : Ed,
thank you for taking the time and making the
effort to give us good info and encouragement
at the same time [12:19 pm] doji :
and on the daily chart LQDT is in a
downtren [12:19 pm] mikewd2 -: what time
tomrw? [12:19 pm] Ed : no webinar
2morrow [12:20 pm] Ed : your welcome
elisha [12:20 pm] mikewd2 -: starting to
think that lightning is a not
coming! [12:20 pm] Ed : does A & M
have a 12th man [12:20 pm] mikewd2 -: yeah
we do! [12:21 pm] Ed : just
checking [12:21 pm] victor51 :
Thanks ed and mike. [12:21 pm] Ed : hey
mike, i wrote my plan in my doctor
penmenship, If u can read it, ur a nurse, a
pharmacist or a doctor [12:22 pm] mikewd2
-: my wife is an LVN [12:22 pm] eyes
: Good Night Everyone have a awesome
weekend [12:22 pm] Ed : i knew it, mike
has a response for everything [12:22 pm]
Ed : take care eyes [12:22 pm] mikewd2 -:
come to papa [12:22 pm] eyes : you
to ED [12:22 pm] Ed : where can i find a
pot of gold mike? [12:23 pm] elisha
: bye eyes [12:23 pm] mikewd2 -: in
LQDT [12:27 pm] Ed : if i find that pot of
gold, will not have to work on
saturday [12:27 pm] Ed : alhtough i only
work for 15minutes [12:27 pm]
joeytsa : haha [12:27 pm]
jsn13 : was there a short in
SRPT? [12:27 pm] mikewd2 -:
Ryan! [12:28 pm] joeytsa : Biden
won, but was a complete jackoff [12:28 pm]
jsn13 : i mean a short setup for SRPT
break of lod… [12:28 pm] mikewd2 -: no
way he won, didn’t even know the facts in
Libya [12:28 pm] Ed : if u caught it
breakn down from 29ish area when it
consolidated for a while [12:28 pm]
joeytsa : he still won [12:28 pm]
lisas : Actually I prefer someone that
can speak facts, Biden just shot his mouth
off, much inaccurate. [12:28 pm]
joeytsa : its all about
perception [12:29 pm] lisas : He
turned women voters off, not part of their
plan [12:29 pm] jsn13 : ok that
would be the optimal
entry….29…thanks… [12:29 pm] mikewd2
-: setting their laughting making faces, etc
didn’t win points with the
independents [12:29 pm] joeytsa :
ryan was much cooler [12:29 pm]
lisas : Basically, all Ryan need to do
was not mess up, and he did that [12:29
pm] joeytsa : yep [12:30 pm] mikewd2
-: very impressed with that guy and only a
bullet away from the big job. [12:30 pm]
Ed : WDAY finally broke 50, missed
it [12:30 pm] Ed : should be good play for
monday [12:30 pm] mikewd2 -: LQDT may
break out again [12:31 pm] gum :
Biden was up on his game, hope the constant
grin works against him !!!! [12:31 pm]
mikewd2 -: Biden just can’t speak
clearly. [12:31 pm] mikewd2 -: long
LQDT [12:32 pm] lisas : His
situational awareness was way off, laughing
while Ryan’s talking about Iranian nukes?
Really? [12:33 pm] mikewd2 -: Ed, take a
look at LQDT and tell me what you
think [12:33 pm] mikewd2 -: looking for a
possible target [12:33 pm] mikewd2 -: not
thrilled with the overall volume [12:34
pm] mikewd2 -: re-entered long at
40.24 [12:34 pm] Ed : on something like
that I take some off and trail rest cuz they
can come back on you at times [12:34 pm]
joeytsa : quick visual looks like $41
to me mike [12:35 pm] joeytsa : that
would get it close to 50% [12:35 pm]
mikewd2 -: ok, i’m thinking 41, about half
the drop [12:35 pm] doji : volume
just drying Mike, could drop [12:35 pm]
joeytsa : thats just a quick look i
had [12:37 pm] joeytsa : thanks
Mitch,Ed, everyone..have a great
weekend [12:37 pm] Ed : c ya
joey [12:37 pm] mikewd2 -: you too
joey [12:37 pm] doji : Bye Joey, see
ya in a week [12:37 pm] joeytsa :
Ed, thanks for the lesson today on trading
plans [12:37 pm] elisha : bye
joey [12:38 pm] Ed : no problem [12:38
pm] Ed : will get the template up this
weekend in toom [12:38 pm] Ed :
toom=room [12:38 pm] joeytsa :
cool [12:38 pm] doji : Great
Ed [12:38 pm] Ed : i like it cuz it ask
you questions to compler ur plan [12:40
pm] Ed : hey mike was think u had quick 1% on
1st move up [12:41 pm] Ed : but thats how
i play those, take some off on that 1st quick
move which usually amounts to 1% [12:41
pm] mikewd2 -: i just closed, want to watch
lightning, thanks [12:43 pm] mikewd2 -: is
this 1 min? [12:43 pm] mikewd2 -: or
2min? [12:44 pm] jsn13 : what should
we do if buy at 1st buy signal? [12:45 pm]
Ed : yes [12:47 pm] Ed : hey jsn recall on
that stock overall trend was down. So it gave
short 1st of about 2 points and if u did take
long looks like u would have stopped 1st time
for about .50. From what i saw [12:48 pm]
jsn13 : ok thanks ed…so do we buy
again on 2nd buy signal? [12:49 pm] Ed :
he is speakn on HAIN [12:49 pm]
jsn13 : was refering to prior
trade…. [12:49 pm] Ed : personally jsn
if it were me, after getting net overall of
1.5. I would move on [12:50 pm]
lisas : projected time frame for
webinar? [12:50 pm] jsn13 : will we
get info on when to use 1min and 2min charts?
and how to handle mutiple signals? [12:50
pm] Ed : 2points on short and loss of .50
long. would move on [12:50 pm] jsn13
: during the webinar i mean…. [12:50 pm]
jsn13 : thanks ed,,,, [12:51 pm]
jsn13 : good idea… [12:51 pm] Ed :
yes that will be covered [12:51 pm]
jsn13 : cos i see mitch switch between,
1min, 2min, range bar, renko,
volume….. [12:51 pm] Ed : I know some
like to hone in on 1 stock for multple
trades, but I tend to move on [12:51 pm]
doji : Ok fellas, have to travel to
Paris and Houston this weekend so see ya in a
week…. will try to connect to say
helloooo [12:52 pm] jsn13 : i like
to move on… [12:52 pm] lisas : Bye
doji, have a safe trip [12:52 pm] Ed :
have safe trip doji [12:52 pm] mikewd2 -:
give me a call next friday doji [12:52 pm]
doji : I wll meet the Great Mike in
Houston next Saturday! [12:53 pm]
doji : He promissed me to pay for the
lunch… jajjaja [12:53 pm] Ed : please do
not come to my place of work. LOL [12:53
pm] doji : hahaha sure Mike, will call
you on Friday [12:53 pm] victor51 :
Have a nice trip Doji [12:53 pm]
doji : Love you all, have a nice
weekend! [12:54 pm] victor51 :
Mitch, everything is just looking great.
thanks [12:55 pm] cowboyh : have a
good weekend everyone, see ya [12:55 pm]
mikewd2 -: Ed, did you not trade LQDT because
of the vol? [12:55 pm] Ed : i shorted it
this am [12:56 pm] mikewd2 -: very
nice [12:56 pm] Ed : but other than that
did not play long [12:56 pm] Ed : yea
thats a weird one with big spread at
times [12:56 pm] elisha : Good Night
and Thyank you Mitch, Ed and
everyone [12:57 pm] mikewd2 -: have a good
weekend team [12:58 pm] lisas : have
a great weekend all
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