| (05:48 am) JoeyTSA :gap down:
ARIA,EVEP,ACTG,VLCCF,ASML,ISRG
(05:49 am) JoeyTSA :early gap up:
ALGN,ANAC,ATHN,FB, most of the big names too
(06:06 am) Mitch’s Assist. :Rollover date
with CL – switch to CL 12-13
(06:16 am) Mitch’s Assist. :October 18, 2013,
Friday Pre Market Up: NFLX, ALGN, FB, ANAC,
AAPL, GOOG,SCTY, AMZN, BIDU, PCLN, GE, LVS,
YOKU, SINA, ZHNE, Pre Market Down: ISRG,
EVEP, ACTG, ARIA, CMLP, VLCCF, PNRA,
(06:30 am) Ed’s assistant :Monitoring FNSR
(06:30 am) JoeyTSA :ALGN
(06:31 am) Mitch King:monitoring XLNX
(06:32 am) Mitch King:watching BHI for
trades
(06:32 am) Mitch’s Assist. :watching COST
(06:32 am) Mitch King:watching HON
(06:32 am) Mitch’s Assist. :watching HD
(06:33 am) Mitch King:watching LVS
(06:33 am) Mitch King:monitoring MTB
(06:33 am) Mitch’s Assist. :watching PNRA
(06:33 am) Qwert :watching EBAY
(06:34 am) Mitch King:watching PIR
(06:34 am) JoeyTSA :ATHN on watch
(06:34 am) Mitch’s Assist. :watching MCD
(06:35 am) JoeyTSA :BIDU testing $160
(06:35 am) Mitch King:watching BIDU
(06:35 am) Mitch King:watching MPEL for top
(06:36 am) Mitch King:watching homebuilders
drop: DHI, PHM, TOL, KBH
(06:37 am) Mitch King:watching TSN for bottom
soon
(06:37 am) Mitch King:watching DGX
(06:37 am) JoeyTSA :VJET, ipo
(06:38 am) JoeyTSA :tighten ATHN if short
(06:38 am) Mitch King:watching MS
(06:38 am) JoeyTSA :/ES pullback to 1730
area
(06:38 am) Mitch King:more downside on HCA
(06:39 am) Mitch King:watching PXD for
bottom
(06:39 am) Mitch King:watching for potential
short on TXT top of bounce, take time on
these
(06:40 am) Mitch King:keep watching ALGN
(06:40 am) JoeyTSA :SFUN
(06:42 am) Mitch King:watching STI for
bottom
(06:43 am) Mitch King:monitoring ZMH
(06:43 am) JoeyTSA :QIHU trying for $90
(06:43 am) Mitch King:poor ARIA, died its
final death
(06:44 am) JoeyTSA :eye on OPEN, but low vol
(06:44 am) Mitch King:watching EBAY for
bottom
(06:45 am) Mitch King:watching TXT closer
(06:46 am) JoeyTSA :tighten QIHU if long over
$90
(06:47 am) Mitch King:same spike down with
AET, insurance companies
(06:47 am) Mitch King:CI spike down
(06:48 am) Mitch King:watching LH for bottom
(06:48 am) Mitch King:watching WAG for top
(06:49 am) Mitch King:monitoring PETM
(06:49 am) Mitch King:WLP another healthcare
stock dumping, watching
(06:49 am) Mitch King:watching ONVO for
short
(06:50 am) Mitch King:watching CL for bottom,
take time
(06:50 am) Mitch King:CL 11-12
(06:50 am) Mitch King:11-13 i mean
(06:51 am) Mitch King:watching QIHU for top
(06:53 am) Mitch King:watching LH for bottom
(06:53 am) Mitch King:watching YOKU for top,
no hurry
(06:56 am) Mitch King:watching AFL, another
insurance company
(06:57 am) Mitch King:consider selling CL if
you went long
(06:57 am) Mitch’s Assist. :watching TSLA
(06:57 am) JoeyTSA :all out QIHU, just in
case
(06:58 am) Mitch King:PRKR strong, watch for
trades both ways
(06:58 am) Mitch King:TXT toppy
(06:59 am) Mitch King:FSLR another breakout
(06:59 am) JoeyTSA :eye on YELP
(07:00 am) Mitch King:SPY near high of day
(07:00 am) Mitch King:watching FNSR for top
(07:00 am) JoeyTSA :eye on ALGN, been
fighting to hold this $58 level area
(07:01 am) Mitch King:SLCA good trading stock
today again, yesterday good
(07:04 am) JoeyTSA :GOOG for $1000
(07:11 am) JoeyTSA :GOOG either catching
breath or getting tired
(07:12 am) Mitch King:watching AET for
bounce, still watching
(07:13 am) Mitch King:watching HUM for
bottom, also healthcare
(07:16 am) Mitch King:watching FHN
(07:24 am) JoeyTSA :QIHU still giving nice
trades
(07:26 am) Mitch King:watching UNH, another
healthcare stock
(07:26 am) JoeyTSA :/TF sitting on R1, just
watching for now
(07:29 am) Mitch King:watchign TSN again for
2nd helping long
(07:31 am) Mitch King:looking for small long
bounce in CL soon, maybe 10-15 ticks
(07:39 am) Ed :Market Internals update at
10:30ET – NYSE volume 285M shares, about 106%
above its three-month average; advancers lead
decliners by 1.8:1. – NASDAQ volume 535M
shares, about 36% above its three-month
average; advancers lead decliners by 1.6:1.
– VIX index -7.4% at just over 12.00 –
Note: Today is options expiration
(07:48 am) Ed :would like lot more selling
first
(07:48 am) Ed :SRPT monitoring for potential
long
(07:54 am) Mitch King:still in downtrend on
CL 11-13
(08:00 am) Ed :will pass on SRPT untill gets
extreme selling in price
(08:10 am) Murano :watching CTB
(08:15 am) Ed :Goldman Economist Hatzius:
Looking for 200K in Sep jobs report to be
released on Tuesday but notes the data is
dated – cnbc-
(09:14 am) Murano :watching UNH
(09:18 am) Ed :HUM getting some news
(09:19 am) Ed :HUM Recent weakness attributed
to circulation that a US state has been asked
to investigate the company for its medicare
advantage program – reference:
http://www.startribune.com/business-
(09:30 am) Ed :if u shorted HUM would cover
some in here
(09:38 am) Mitch King:monitoring VNDA, havent
read news yet but it is a biotech stock so
something probably didnt get approved
(09:52 am) JoeyTSA :tighten BIDU if long,
(09:52 am) JoeyTSA :QIHU on radar, back near
hod
(09:58 am) JoeyTSA :stopped on QIHU
(10:55 am) Ed :KALU just moitoring
(10:56 am) Ed :seeing if can get more pickup
in vol
(11:01 am) Murano :watching ANF
(11:09 am) Ed :NRG/NYLD both halted news
pending
(11:15 am) Murano :watching MYL
(11:15 am) Ed :MYL
(11:21 am) JoeyTSA :eye on GOOG again
(11:22 am) JoeyTSA :only caution on GOOG
options is that they only have around an hour
left
(11:23 am) JoeyTSA :eye on /CL for craziness
going into weekly pit close
(11:24 am) Ed :EBAY getting bid
(11:27 am) Qwert :NRG open
(11:33 am) JoeyTSA :SCTY moving
(11:34 am) Ed :if u took MYL long would
reduce some shares
(11:34 am) Murano :watching SCTY
(11:44 am) Ed :if u were able to take EBAY
long wouold look to reduce also
(11:58 am) Ed :KALU Anticipates 2H results
below prior expectations; Aerospace inventory
overhang continues to dampen demand – conf
call summa-
(12:57 pm) Mitch King:ok see you all MOnday,
review your charts, sleep a lot too
(12:59 pm) Ed :have great eve traders
| (05:13 am) Qwert :Good morning akram,
regatta
(05:15 am) regatta :gm qwert
(05:15 am) Qwert :u trading CL
(05:15 am) regatta :can only follow stocks
on computer at work today
(05:16 am) Qwert :nice short signal from
lightning about 30 mins ago
(05:16 am) Qwert :u going to portland?
(05:17 am) regatta :wish i could, we’re
caring for wife’s mother w/ brain cancer, she
probably won’t survive much longer
(05:18 am) Qwert :sorry to hear my mother in
law has cancer as well also not doing very
well
(05:20 am) regatta :i’ve been wanting to
attend a live seminar but it will have to
wait
(05:20 am) Qwert :i went to vegas and it
helped a lot
(05:21 am) regatta :real time live feedback
makes learning and correcting problems much
better
(05:21 am) regatta :work is calling, be back
soon
(05:35 am) JoeyTSA :Good morning, prayers to
both or your mother-in-laws
(05:36 am) Qwert :thx joey good morning to
you
(05:45 am) JoeyTSA :no reports today, but a
few fomc members speak throughout the day
(05:46 am) JoeyTSA :lots of gaps today
(05:47 am) Qwert :big gaps today
(05:48 am) JoeyTSA :yeah
(05:48 am) regatta :tkx joey
(05:48 am) regatta :CMLP gapping down also
(05:50 am) JoeyTSA :thx regatta, was looking
right at the CMLP chart and forgot to type it
haha
(05:50 am) JoeyTSA :lots of big name earnings
next week also
(05:50 am) Qwert :CMG big gap up as well
(05:51 am) JoeyTSA :qwert: did you sign up at
briefing?
(05:51 am) Qwert :no forgot will today
(05:51 am) regatta :AAPL moving up since
close yesterday
(06:01 am) taco :gm everyone thanks for gaps
guys
(06:03 am) Mitch King:that was a nice 20 tick
short on CL
(06:04 am) JoeyTSA :opx tody, just keep it in
mind
(06:08 am) JoeyTSA :/CL blew right thru R2,
see if it holds
(06:10 am) JoeyTSA :def watching 1733 on /ES
(06:11 am) JoeyTSA :/TF 1106 , /YM 15335 for
potential breakout areas
(06:14 am) Murano :good morning
(06:14 am) JoeyTSA :good morning everyone
(06:16 am) Qwert :thx mitch
(06:16 am) JoeyTSA :thx Mitch
(06:17 am) JoeyTSA :/CL sure didnt hold R2
🙂
(06:18 am) taco :thx Mitch
(06:37 am) taco :thx ALGN joey
(06:38 am) JoeyTSA ::)
(06:39 am) JoeyTSA :watching ACAD for
botttom, missed the short
(06:41 am) JoeyTSA :ALGN a beauty
(06:45 am) JoeyTSA :will probably pass on
OPEN
(06:45 am) JoeyTSA :too many other movers
with volume
(06:45 am) JoeyTSA :nice bounce on both /ES,
/YM
(06:52 am) JoeyTSA :/CL trying to hold $101
(06:53 am) JoeyTSA :eye on CTRP for mover
over $60
(06:54 am) JoeyTSA :great moves so far
(06:54 am) JoeyTSA :GOOG,BIDU moving up
(06:57 am) JoeyTSA :will re-enter QIHU if it
breaks out from here
(06:58 am) JoeyTSA :i didnt take QIHU short,
but was valid trade
(06:58 am) Qwert :Mitch great call on CL
(07:03 am) Qwert :TXT is scrong
(07:06 am) JoeyTSA :GOOG is a monster
(07:07 am) Qwert :wow on goog
(07:09 am) JoeyTSA :yeah, i left some $ on
the table there on well
(07:10 am) JoeyTSA :big names are making
great moves
(07:12 am) JoeyTSA :not sure trying to short
it is smart, so willl keep cash safe on that
one
(07:12 am) Qwert :i sold my last 25 shares of
goog this am i really left a ton on the table
on goog
(07:12 am) JoeyTSA :still nice, i got the
895’s earlier
(07:13 am) JoeyTSA :$985’s i mean
(07:13 am) Qwert :nice joey how much were
they
(07:13 am) JoeyTSA :i got them at $6.16
(07:13 am) Qwert :sweet
(07:13 am) JoeyTSA :right when i posted
(07:14 am) JoeyTSA :got out at 18.70
(07:14 am) Qwert :awesome trade
(07:15 am) JoeyTSA :thx, only had 5
though..had too many other things going on
(07:15 am) JoeyTSA :my head was spinning,
need a break soon haha
(07:16 am) Qwert :yeah to count your $$$
great trade
(07:17 am) Murano :great trading Joey
(07:17 am) JoeyTSA :i dont do well with too
many trades goign on at 1 time
(07:17 am) Qwert :same here most is usually
3-4
(07:17 am) Qwert :counting futures
(07:18 am) JoeyTSA :right, had a few stocks,
couple futures, then the option one
(07:19 am) Qwert :did u get the /CL long was
really good
(07:20 am) JoeyTSA :no and i was looking at
that $101 level
(07:20 am) JoeyTSA :GOOG might setup again
(07:21 am) Qwert :wow i missed CMG this am as
well
(07:21 am) JoeyTSA :nice move on them, i
rarely trade CMG though, vol is weird on that
one
(07:22 am) Qwert :agree only will trade an
option with low risk
(07:22 am) JoeyTSA :even those can be spotty
(07:30 am) JoeyTSA :great trading/calls,
break time, see you in an hour or so
(07:31 am) Qwert :enjoy joey
(07:55 am) Qwert :mitch are you trading 11-13
im on 12-13
(07:57 am) Qwert :back in 20mins
(08:13 am) Mitch King:i switched to 12-13,
havent traded for a while, dont care for vol
is so low, was good until about 700am pt
(08:14 am) Qwert :thx mitch
(08:31 am) Murano :if you took CTB long would
sell some here
(08:31 am) Qwert :nice call o CTB murano
(08:31 am) Murano :thanks Qwert
(08:34 am) Murano :the company that made a
bid for CTB is trying to reduce their offer
or recind the bid. CTB has filed suit aginst
them.
(08:34 am) regatta :thx for ctb murano
(08:35 am) Murano :happy to help regatta
(08:36 am) Murano :my stop on last 1/4 of CTB
is 24.29
(08:37 am) Murano :I think CTB may get close
to 25
(08:58 am) JoeyTSA :nice follow-thru on ATHN
today
(08:59 am) JoeyTSA :qwert: guess i should
have shorted GOOG when i mentioned it, down
about 10pts from there
(09:00 am) Qwert :yeah very understandable to
not take the short tho
(09:00 am) JoeyTSA :yeah, just getting back
to computers anyways
(09:00 am) JoeyTSA :rarely leave positions
open
(09:01 am) Qwert :yeah i only do when i am
down to last 1/4 position with tgts and stops
in
(09:01 am) JoeyTSA :right
(09:03 am) Qwert :right now just have small
position in CTB with tgt at 24.97
(09:03 am) JoeyTSA :im flat at the moment
(09:04 am) JoeyTSA :sky missed an nice ipo
today in VJET
(09:04 am) Qwert :stop under .39
(09:15 am) JoeyTSA :/ES testing R1 again
(09:20 am) Ed :great short it was UNH
(09:20 am) JoeyTSA :yeah
(09:27 am) Murano :if you took UNH long would
sell some here
(09:27 am) Ed :thx murano for long on UNH and
mitch for short
(09:30 am) JoeyTSA :BIDU pushing over $163
(09:34 am) regatta :watching VNDA
(09:35 am) Murano :CMG at 500
(09:35 am) JoeyTSA :another monster today
(09:37 am) JoeyTSA :HUM great call too Ed
(09:38 am) Ed :thx, like when break prev.
lows with vol
(09:38 am) JoeyTSA :nice setups
(09:40 am) Ed :i dont see any news today
(09:43 am) JoeyTSA :just big moves all over
the place
(09:43 am) JoeyTSA :HUM with another short
there
(09:51 am) JoeyTSA :we need everyday like
this 🙂
(09:53 am) JoeyTSA :BIDU nice move, dont give
back too much though
(09:55 am) JoeyTSA :AMZN hod
(09:56 am) JoeyTSA :not in , just mentioning
(09:57 am) Ed :joey Diosna has question for
you
(09:57 am) JoeyTSA :shoot away, hopefully i
have answer
(09:58 am) Ed :she wants to know if u speak
spanish
(09:58 am) JoeyTSA :no i dont
(09:58 am) JoeyTSA :QIHU triggered my
breakout, pulled back and hit my stop, oh
well
(10:03 am) regatta :anybody in VNDA?
(10:11 am) JoeyTSA :BIDU now testing $165
(10:11 am) JoeyTSA :early lunch break, see
you in 45
(10:44 am) regatta :just looking at ATHN
from this am, has PE ratio 21633, what’s with
that
(10:45 am) JoeyTSA :haha, reminds of 1999 🙂
(10:45 am) regatta :let’s party like it’s
1999 🙂
(10:47 am) JoeyTSA :today has some of those
type moves though
(11:04 am) Murano :looking for a breakout on
ANF
(11:10 am) JoeyTSA :thx Ed, GOOG is unreal
haha
(11:11 am) Qwert :i guess we sold our goog
early joey wow
(11:11 am) JoeyTSA :i keep moving to the next
up call
(11:12 am) Qwert :are you in again?
(11:12 am) Ed :yea and i had purchased it
right afterhours
(11:12 am) JoeyTSA :just got out
(11:12 am) Qwert :i bought at 92o area Ed
(11:12 am) JoeyTSA :will see how far this
pullback is and look at closest itm again
(11:12 am) Ed :closed it in afterhours also
(11:12 am) JoeyTSA :great Ed !!!
(11:12 am) Ed :yea was good buy
(11:12 am) Ed :qwert
(11:13 am) Qwert :i closed half yesterday and
half this am
(11:13 am) Ed :nice going qwert
(11:13 am) JoeyTSA :wished i loaded the boat
yesterday
(11:13 am) Ed :even 50 shares would have been
nice holding overnight
(11:14 am) JoeyTSA :yeah, i had nothing
overnight
(11:14 am) Qwert :i had 25 overnight
(11:14 am) Qwert :but closed at open
(11:14 am) JoeyTSA :only gragged calls today
(11:14 am) Ed :still beats blank or snowball
in summer
(11:14 am) JoeyTSA :grabbed
(11:15 am) Qwert :left 35 dollars a share on
the table lol
(11:15 am) JoeyTSA :just looked at my QIHU
headfake, as soon as i got stopped for loss
it made the move i was looking for
(11:16 am) Qwert :i saw that joey just shook
all the stops I hate when that happens
(11:16 am) JoeyTSA :had the correct idea,
just wrong outcome
(11:16 am) Qwert :u are great at those
continuations
(11:17 am) JoeyTSA :i tend to think that the
ones that move early, will eventually move
again
(11:17 am) JoeyTSA :doesnt always happen
(11:17 am) Ed :like athn
(11:17 am) JoeyTSA :and sometimes fill and
quikc reversal for loss, but loss is fairly
small
(11:18 am) JoeyTSA :ATHN correct
(11:18 am) Qwert :i am becoming a believer
(11:18 am) JoeyTSA :GOOG, lots today
(11:18 am) JoeyTSA :just limit your $ loss
either in hard stop or position size
(11:19 am) Qwert :yes that is key
(11:20 am) JoeyTSA :i take my share of
losses, but they are never big anymore
(11:20 am) Mitch King:i have an announcement:
my daughter just officialy became a
registered nurse today! passed board exams
(11:20 am) JoeyTSA :congrats
(11:20 am) Qwert :awesome mitch
(11:20 am) taco :fantastik!
(11:20 am) JoeyTSA :now she can give you the
meds you need 🙂
(11:20 am) Ed :congrats
(11:20 am) Mitch King:i was her training
coach, drove her nuts.
(11:20 am) Qwert :hahahaha
(11:20 am) JoeyTSA :help fight all those
toxins in your chicken haha
(11:21 am) Mitch King:kept all her scores on
practice exams, gave her assignments,
deadlines. i was obsessive, as usual
(11:21 am) JoeyTSA :good coach
(11:22 am) Mitch King:i said in beginning
that i would do this IF you do exactly what i
say
(11:22 am) JoeyTSA :meaning the weekly
options
(11:29 am) macklayn3 :Good day to all, I am
new here
(11:30 am) Ed :welcome mack3
(11:30 am) Qwert :welcome macklayn
(11:30 am) macklayn3 :Thanks
(11:31 am) macklayn3 :Which is the best
broker – price wise for day trading
(11:31 am) JoeyTSA :welcome to the room
macklayn
(11:31 am) taco :welcome macklayn
(11:31 am) JoeyTSA :tradestation,lightspeed
are both good ones, i think a couple in
here also use IB
(11:32 am) Qwert :i use lightspeed for stocks
and amp for futures
(11:32 am) Qwert :joey did u take ?CL into
close
(11:33 am) macklayn3 :what is lightspeed
commision for stocks?
(11:33 am) JoeyTSA :nope but should have
(11:33 am) Qwert :was thinking the same
(11:33 am) JoeyTSA :wife texted me and got
sidetracked
(11:33 am) JoeyTSA :she left this morning for
her 100mile relay run
(11:34 am) Qwert :.0045 per share macklyn on
lightspeed
(11:34 am) Qwert :plus/minus routing fees
(11:35 am) JoeyTSA :who do you use now
macklayn?
(11:36 am) macklayn3 :thanks Qwert
(11:37 am) macklayn3 :JoeyTSA I use
SureTrader $4.95 per trade plus routing fees
(11:37 am) JoeyTSA :tradestation offers both
per share and flat fee trading
(11:38 am) macklayn3 :JoeyTSA thanks
(11:38 am) JoeyTSA :tradestation offers more
and has better charting, but lightspeed is
really good too
(11:39 am) macklayn3 :when you day trade is
1 minute chart/candles the best to use?
(11:39 am) JoeyTSA :for me it is, cant speak
for others..all depends on your trade
timeframe i guess
(11:40 am) JoeyTSA :i know some daytrade
using a 5min also, for quick scalps i feel
1min works best, some use even smaller
chart, like a 30s
(11:41 am) macklayn3 :I use 5min but I will
be looking at some 1min charts as a test to
see which give me the best results
(11:42 am) JoeyTSA :ie : 1min chart on GOOG
using the 15ma as support got you in/out a
bunch of times today
(11:42 am) JoeyTSA :but the 5min, you would
have been in all day
(11:42 am) Murano :if you took ANF long would
sell some here
(11:42 am) JoeyTSA :but trying to use a 5min
chart on a quick mover, the the moves will be
over before the 5min candle even forms many
times
(11:43 am) JoeyTSA :so like you say, see what
works for YOU
(11:44 am) JoeyTSA :good one Ed
(11:44 am) JoeyTSA :that ipo VJET was really
nice today
(11:45 am) JoeyTSA :macklawn : also, both
lightspeed and tradestation have a decent
short supply
(11:50 am) Murano :out last 1/4 CTB
(11:51 am) taco :nice patience murano
(11:51 am) JoeyTSA :yeah, more than i have
(11:52 am) Murano :grass grows faster
(11:52 am) JoeyTSA :haha
(11:53 am) JoeyTSA :murano was hoping CTB
would move up before his friend visits next
week 🙂
(11:53 am) Murano :haha
(11:54 am) JoeyTSA :i just dont have patience
in trading, never have and most likely never
will
(11:54 am) Murano :looking foir 59.20 area on
SCTY short stop at 59.76
(11:55 am) macklayn3 :Anyone use TC2000 by
worden Brothers?
(11:55 am) Murano :covered all SCTY
(11:55 am) JoeyTSA :i saw SCTY on the L list,
didnt even bother to look for the short
(11:55 am) Ed :and joey thats why you
developed trading plan that fits ur style
(11:55 am) JoeyTSA :had to hahaha
(11:55 am) Murano :Lightspeed has shorts for
SCTY
(11:56 am) JoeyTSA :i never checked, usually
when i see the L, i just pass on teh short
(11:56 am) JoeyTSA :not sure anyone using
Worden
(11:57 am) JoeyTSA :what was the news on
KALU?
(11:58 am) macklayn3 :I use Worden to find
stocks and trade with DAS Pro thru
SureTrader
(11:58 am) Ed :something bout slowdown
(11:58 am) JoeyTSA :thx Ed
(11:59 am) macklayn3 :Now I am testing
lighting to help me maximize my gaines and
minimize my loses
(12:00 pm) JoeyTSA :im only using lightning
on futures
(12:06 pm) Mitch King:hey mackalyn, do you
trade both stocks and futures?
(12:07 pm) macklayn3 :Mitch K, I only trade
low priced stocks with large volume
(12:08 pm) Mitch King:nice. i like the high
vol. are the spreads tight between bid and
ask?
(12:08 pm) Mitch King:day trading or swing
trading?
(12:09 pm) Mitch King:how many days hold
time, overnight?
(12:09 pm) macklayn3 :yes, mostly .01
sometimes .02
(12:09 pm) Mitch King:ok what prices of
stocks? do you hold overnight or 2 nights?
or only day trading
(12:12 pm) macklayn3 :Absolutely no
overnight, only day trade, lightning looks
good so far. I test it with PRKR today, ther
wer some fals alarms but I disregard them
because I am plannibg to use ligtning to
confirm my plan/style etc.
(12:13 pm) Mitch King:i try to use a
combination of charts together with the 2 min
chart as your primary chart for day trading
stocks
(12:14 pm) macklayn3 :So far I only use 5min
charts but with lightning I will be testing
some other time frames 1min, 2min etc.
(12:16 pm) Mitch King:how did you find PRKR
mack? i saw it on my scanners
(12:16 pm) Murano :watching CYT but it is not
a high quality idea at this time
(12:19 pm) macklayn3 :Oh, I have developed
an easy scan with TC200 from Worden Brothers
– the stocks that I am looking for (the
creme) always come to the top
(12:19 pm) macklayn3 :TC2000
(12:20 pm) Mitch King:ok mack, i will
configure a separate scanner for high vol low
priced stocks with tight spread and see what
comes up monday morning
(12:22 pm) macklayn3 :you will be
surprised…
(12:22 pm) Mitch King:what price range mack
do you like? i have never made a practice to
focus on cheapies
(12:24 pm) macklayn3 :I am starting with $3
to $6; then I will increase it to $30 later
to grab my favorite ETF’s
(12:25 pm) macklayn3 :You not focusing on
cheapies was the only reason I did not come
and stay on board some time ago
(12:25 pm) Murano :if you took CYT short
would cover some here
(12:26 pm) macklayn3 :I will be using your
Top10 to confirm my ETF’s
(12:26 pm) JoeyTSA :yeah macklawn, not many
penny stock trades get called
(12:27 pm) JoeyTSA :under $5 is penny to me,
nothing wrong with them if that is your niche
though
(12:29 pm) Qwert :Bye everyone cya all on
Monday have a great weekend, some great calls
today
(12:29 pm) JoeyTSA :enjoy qwert, im out soon
too
(12:29 pm) Murano :see you Qwert
(12:29 pm) taco :cya Qwert have a good one
(12:29 pm) JoeyTSA :great trading day
(12:29 pm) Murano :see you Joey
(12:30 pm) macklayn3 :I have a plan for
stocks $3+ and I am in the process of
implementing it thru SureTrader $4.95 per
trade even if i make a 10,000 shares trade.
They give a 6 – 1 margin and you can start
withas little as $500
(12:31 pm) JoeyTSA :always good to have a
plan
(12:31 pm) JoeyTSA :Thanks
Mitch,Ed,Diosna,QWert,Murano,everyone
(12:32 pm) JoeyTSA :wish you all a great
weekend, see you on monday
(12:32 pm) taco :cya joey
(12:32 pm) Ed :c ya joey
(12:32 pm) macklayn3 :Thanks to everyone
(12:33 pm) JoeyTSA :now, just have to decide
what to do in vegas with the wife away this
weekend hahaha
(12:33 pm) macklayn3 :Bye for now
(12:33 pm) taco 🙂
(12:33 pm) taco :cya macklayn
(12:35 pm) Ed :c ya mack3
(12:35 pm) Murano :covered last 1/4 CYT
(12:35 pm) Murano :done for the day, see you
Monday
(12:35 pm) taco :cya murano have a great
wknd
(12:42 pm) Mitch King:hey guys, anyone here
coming to Portland next week?
(12:43 pm) Mitch King:We have a group dinner
Sunday night after afternoon session. you
will have breakfast and lunch. both days.
THen you are free for dinner. good to
network with other traders, one of biggest
benefits is networking.
(12:45 pm) taco :i am Mitch
(12:45 pm) taco :really loking forward to
it
(12:48 pm) Mitch King:hey taco, i am trying
to get 2nd version of ThunderTrader out
before workshop. its going to be close.
should be outstanding.
(12:48 pm) taco :super
(12:49 pm) Mitch King:i know this is bold
statement but i predict this will be the most
profitable and easiest method of trading
futures with Thunder.
(12:50 pm) taco :it looked like you were
black box trading with excellent results to
test it
(12:50 pm) taco :from a couple of times i
saw you trade with it up
(12:51 pm) Mitch King:did you go to webinar
yesterday where i read the question from the
guy in Australia? he didnt want to stare at
screen all day. this is closest to that .
get a signal, use preset configured order
management and just listen, dont have to
stare.
(12:52 pm) taco :yes
(12:52 pm) Mitch King:you know those big
monster trades i have shown on THunder charts
that can get 70-100 tick moves in one trade?
(12:53 pm) taco :before you told us about
it, you did a huge /NG trade that blew me
away
(12:53 pm) taco :think you might have used
thunder
(12:54 pm) Mitch King:you can still trade
using that strategy but it is more profitable
by taking the trade signals in between that
have 30-40. its testing out to be more
profitable than holding for 90 minutes for a
big home run.
(12:54 pm) taco :great
(12:55 pm) taco :im in it for profit however
my results this week would say otherwise
haha
(12:55 pm) Mitch King:so we are going to
spend a lot of time with that as well as
Lightning. but i wanted to make sure you
mastered how to use this setup. get a lot of
sleep, you have to get up really early on
west coast
(12:55 pm) Mitch King:MOnday and Tuesday
sessions start at 530am.
(12:56 pm) taco :right
(12:57 pm) taco :thanks Mitch Ed Diosna and
everyone have a great wknd
(12:57 pm) taco :see you mon
(12:58 pm) Ed :c ya taco
(12:59 pm) Mitch King:thanks Diosna
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