[06:16 am] Ed : good morning
traders
[06:38 am] Ed : watching
CHD
[06:38 am] Mitch K: sorry for tech
problems, one moment
[06:39 am] Mitch K:
watching HUM for short, try best
price
[06:40 am] Mitch K: watching VVUS
for top to short
[06:40 am] Mitch K:
watching LULU for top to short
[06:40 am]
Mitch K: watching PSSI for top to
short
[06:40 am] Mitch K: watching CLNE
for bottom to buy
[06:40 am] Mitch K:
watching CVS for bottom to buy
[06:41 am]
Mitch K: watching OAS for bottom to
buy
[06:41 am] Mitch K: watching PVH for
top to short
[06:41 am] Mitch K: watching
ACM for top to short
[06:42 am] Mitch K:
watching PVH closer
[06:42 am] Mitch K:
better day today than yesterday
[06:42 am]
Mitch K: watching CRZO for bottom to
buy
[06:42 am] Mitch K: watching TWTC for
bottom to buy
[06:43 am] Mitch K: CVS
getting interesting
[06:43 am] Mitch K:
watching CPHD for top to short
[06:43 am]
Mitch K: monitoring BECN
[06:44 am] Mitch
K: monitoring GMCR, A
[06:44 am] Mitch K:
watching ENDP for bottom, not ready
yet
[06:45 am] Mitch K: watching MR for
top to short
[06:45 am] Mitch K: watching
CHTR for bottom to buy
[06:46 am] Mitch K:
monitoring CXO
[06:47 am] Mitch K: high
risk: NIHD, watching for
bottom
[06:47 am] Mitch K: monitoring
means not ready but just will track in chart
window. watching for bottom or top
means more developed idea
[06:48 am] Mitch
K: watching HPT for bottom to buy
[06:48
am] Mitch K: monitoring WYNN for
top
[06:48 am] Mitch K: NIHD high risk
because of price and dropped 33% this
morning
[06:49 am] Mitch K: watching oil
stocks: APC, APA for tops to short,
take time on this category
[06:49 am]
Mitch K: monitoring AAPL drop, lower the
better
[06:50 am] Ed : NIHD halted for
volatility
[06:50 am] Mitch K: watching
LOPE for top to short, 16 to $20 this
morning
[06:50 am] Mitch K: before
shorting
[06:51 am] Mitch K: for
top
[06:51 am] Mitch K: watching ACM
closer
[06:51 am] Mitch K: still watching
CVS for bottom
[06:52 am] Mitch K:
watching VNO for top to short, top of this
bounce, missed bottom
[06:53 am] Mitch K:
CPHD turning over nicely, looking for 36.80
area, be flexible
[06:53 am] Mitch K: just
monitoring ARR, high risk, don’t know this
stock at all
[06:54 am] Mitch K: watching
CHTR closer
[06:54 am] Mitch K: watching
NUAN for bottom to buy
[06:54 am] Mitch K:
monitoring RKT
[06:55 am] Mitch K:
watching NLY for bottom to buy
[06:55 am]
Mitch K: WRC turning over for short
[06:55
am] Mitch K: watching PMT for bottom to buy,,
want more drop first
[06:56 am] Mitch K:
PVH toppy
[06:57 am] Mitch K: looking to
cover PSSI soon, maybe hits 22 to
cover
[06:57 am] Mitch K: watching HTS for
bottom to buy
[06:58 am] Mitch K: watching
CHTR closer
[06:58 am] Mitch K: be
flexible
[06:59 am] Mitch K: BECN getting
more interesting
[06:59 am] Mitch K:
consider selling CRZO, best price
[07:00
am] Mitch K: consider reducing AAPL
[07:00
am] Mitch K: consider selling HPT, best
price, missed top of 23.67
[07:00 am]
Mitch K: looking for 69.35 on APC short, be
flex
[07:02 am] Mitch K: watching NUAN
closer
[07:03 am] Ed : if u took CHD long
look to reduce some here
[07:04 am] Mitch
K: monitoring LCC for bottom
[07:05 am]
Mitch K: watching FE for bottom to
buy
[07:05 am] Ed : SPY new hod
[07:05
am] Mitch K: NUAN turning up
[07:07 am]
Mitch K: not strong bounce on NUAN
[07:07
am] Mitch K: watching MAKO for top to
short
[07:10 am] Mitch K: looking for a
little more breakdown on CPHD, goes below
37.20, more drop
[07:10 am] Ed : If u
still have piece long of CHD slowly trail may
get slow trend upward
[07:10 am] Mitch K:
consider reducing BECN if long
[07:13 am]
Mitch K: CVS bounce weak, consider
selling
[07:13 am] Mitch K: watching VRX
for top to short
[07:14 am] Mitch K:
monitoring SGEN
[07:14 am] Mitch K:
selling AAPL
[07:15 am] Mitch K: watching
AMP for top
[07:15 am] Mitch K: watching
APC for 2nd helping short
[07:15 am] Mitch
K: watching HAL for top
[07:16 am] Mitch
K: consider selling most or all of NLY if
long
[07:16 am] Mitch K: consider reducing
PMT if long
[07:16 am] Mitch K: looking
for 75.50 area on CHTR bounce, be
flexible
[07:18 am] Mitch K: more upside
on CHTR, watching for 76
[07:19 am] Mitch
K: looking for below 14 on MAKO short, be
flexible
[07:19 am] Mitch K: consider
selling HTS if long
[07:19 am] Mitch K:
nice 2nd bounce on NUAN
[07:20 am] Mitch
K: consider selling FE if long
[07:20 am]
Mitch K: CHTR weakening here, consider
selling
[07:21 am] Mitch K: watching CBOU
for top to short, missed bottom, dont forget
this one
[07:23 am] Mitch K: start
monitoring NUAN for short able top, top of
this bounce
[07:24 am] Mitch K: watching
ARCO for 2nd helping short, missed
first
[07:24 am] Mitch K: NUAN
toppy
[07:25 am] Mitch K: looking for
74.60 on CHTR
[07:25 am] Mitch K: CHTR
turning over, good short
[07:26 am] Mitch
K: looking for 22 on GMCR short, missed first
drop to cover
[07:27 am] Mitch K: watching
BKD for top to short
[07:31 am] Mitch K:
alert
[07:31 am] Mitch K: watching HLF for
bottom
[07:31 am] Mitch K: alert
[07:31
am] Mitch K: watching NUS for
bottom
[07:32 am] Mitch K: consider
covering CHTR if short
[07:33 am] Mitch K:
AMP turning over
[07:33 am] Mitch K: CHTR
short was better than expected, cover
short
[07:33 am] Mitch K: casino stocks
WYNN and LVS too strong to short
[07:38
am] Ed : getting pullback in SPY
[07:40
am] Mitch K: PSSI 2nd helping short
starting
[07:43 am] Ed : monitoring MNST
would like move into 68ish area
[07:44 am]
Mitch K: new low on NUS
[07:44 am] Ed : b4
considering short on MNST
[07:46 am] Ed :
monitoring MJN would like more
selling
[07:50 am] Mitch K: i dont know
news on NUS
[07:50 am] Mitch K: NUS trying
to bounce here
[07:51 am] Mitch K: Nu Skin
violating Chinese rules on multi-level
marketing, Citron Research says
[07:52 am]
Mitch K: that doesnt sound too good
[07:52
am] Mitch K: Citron Research alleges
that Nu Skin is violating Chinese laws that
prohibit multi-level marketing and believes
the company’s Chinese operations could be at
risk of seizure or other punitive action.
Citron advises on its site that “the
principals of Citron might hold a position in
any of the securities profiled on the site
[and] Citron will not report when a position
is initiated or covered.”
[07:53 am] Mitch
K: watching VRX for top to short
[07:53
am] Mitch K: new lows on NUS
[07:54 am]
Mitch K: previous pullbacks in in VRX are
shallow, careful about shorting much of
this
[08:00 am] Mitch K: no buy signal to
cover VRX yet
[08:03 am] Mitch K: on
NUS
[08:03 am] Mitch K: weak bounce so
far
[08:04 am] Mitch K: left chart is a
faster setting and gives early signal
first
[08:04 am] Mitch K: no buy signal
soon that i can see
[08:05 am] Mitch K:
partially brain dead
[08:05 am] Mitch K:
sorry this is VRX
[08:07 am] Mitch K: when
it comes to closing a position, ok to use
fast setting to close
[08:07 am] Mitch K:
see how signal came first on left
chart
[08:08 am] Ed : if u took MNST short
would cover some here
[08:09 am] Mitch K:
good example of a more sensitive setting
gives more false signals, see sell signal on
left chart, not on right
[08:25 am] Ed :
getting bounce in SPY
[08:37 am] Ed : if u
took MJN long would reduce
[08:38 am] Ed :
SPY approaching hod
[08:41 am] Ed : SPY
new hod
[08:58 am] Ed : monitor the 30ish
area on TIBX see how reacts to that area for
potential short
[09:07 am] Ed : VHC alert
thx rusty
[09:32 am] Ed : similarities of
pro athletes/ and pro- traders: scarcity
loneliness matters how u finish preparation
no guarantees perseverance adapting
injuries bio-feedback
[09:33 am] Ed
: similarities of pro athletes/ and pro-
traders: scarcity, loneliness, matters how u
finish, preparation, no guarantees,
perseverance, adapting,
injuries, bio-feedback
[09:34 am] Ed
: SPY trading at highs
[09:36 am] Ed : if
u were able to take VHC long would
reduce
[10:09 am] Ed : nice pullback in
SPY
[10:31 am] Ed : FE alert thx
murano
[10:35 am] Ed : if u took FE long
would reduce
[10:51 am] Mitch K: FE gave a
nice bounce earlier today
[11:06 am] Ed :
thx murano for call EXH
[11:06 am] Ed : if
u were able to short EXH would cover some
here
[12:04 pm] Ed : little selling in
SPY
[12:37 pm] Ed : more selling in
SPY
[12:59 pm] Ed : have a great evening
traders
[01:03 pm] Mitch K: later
guys be ready in first 5 min
tomorrow
| [06:10 am] eddy : hi all
[06:10 am]
mikewd2 -: good morning traders
[06:11 am]
qwert : good morning to everybody
🙂
[06:12 am] mikewd2 -: nice move in
FOSL
[06:14 am] eddy : mike hi can u
send me a test please?
[06:14 am]
qwert : go eddy i will
[06:14 am]
eddy : got it now
[06:14 am]
eddy : lag?
[06:14 am] qwert :
yep
[06:15 am] eddy : test
[06:15
am] eyes : Hy Everyone
[06:15 am]
qwert : seems good to me
[06:15 am]
eddy : k thx qwert
[06:15 am]
qwert : ur welcome
[06:15 am]
joeytsa : Good morning Ed,
everyone
[06:16 am] doji : Dood
morning fellas
[06:16 am] khall :
Good morning all
[06:16 am] gregs :
morning ed
[06:16 am] cowboyh : Gm
ed everyone
[06:16 am] qwert :
nice gaps today bsft,fosl,lope,vvus
up
[06:16 am] doji : Eddy, do you
have Market Watch open on your
computer?
[06:17 am] joeytsa : gap
up: FOSL,BSFT,CPHD,VVUS
[06:17 am]
joeytsa : gap down:
CLB,WMS,LEAP,NIHD
[06:17 am] doji :
I’ll watch FOSL and BSFT from the
open
[06:18 am] doji : SPY above 140
already
[06:19 am] qwert : thx
joey
[06:20 am] khall : HP
downgraded
[06:21 am] doji : If BSFT
breaks 35.24 with volume, it could be a nice
run up to close the gap from May 3
[06:22
am] doji : it’s already 25%
up
[06:23 am] doji : FOSL 20%
up…
[06:25 am] victor51 : gm
all
[06:28 am] doji : Joey, are you
watching BSFT?
[06:28 am] joeytsa :
yeah
[06:28 am] doji : So what is
you plan if you don’t mind?
[06:28 am]
joeytsa : play it how it moves
🙂
[06:29 am] doji :
hahahah
[06:29 am] joeytsa : if
market is strong, might see slight pullback
then follow thru
[06:29 am] joeytsa
: gap is based on decent earnings
[06:29
am] joeytsa : favorite play is when a
stock gaps down on good earnings, usually has
nice up move
[06:33 am] doji : Nice
FSLR Long 19.69
[06:33 am] mikewd2 -: CHK
earnings call, moving up nicely
[06:34 am]
mikewd2 -: looking for storage deficit and
higher move in nat gas
[06:34 am]
rusty : gm
[06:34 am] doji :
Aggg missed CHK
[06:34 am] rusty :
AGNC fat finger trade or flash
crash?
[06:35 am] mikewd2 -: FST, WFT
moving nicely
[06:35 am] joeytsa :
not sure rusty
[06:35 am] shark :
good question, rusty
[06:37 am] mikewd2 -:
BSFT turning over?
[06:37 am] serge
: bby is dropping like a rock
[06:37 am]
joeytsa : FOSL nice move
[06:38 am]
doji : YEah Joey
[06:38 am]
raymond : gm all
[06:38 am]
joeytsa : gm raymond
[06:38 am]
gregs : APOL shooting up
[06:38 am]
joeytsa : doji, did you see that slight
pullback on FOSL, held $83
[06:38 am]
doji : FSLR lovely at 20
breakout
[06:38 am] doji : Yes
Joey
[06:38 am] skydiver : watching
CHD for bottom
[06:39 am] doji : I
am long FSLR and FOSL
[06:39 am]
joeytsa : nice
[06:40 am] doji
: FOSL trying to close the gap… at
93.6
[06:46 am] doji :
Test
[06:46 am] khall : FFIV trying
to clear the $100 mark
[06:46 am] mikewd2
-: we see you doji
[06:47 am]
joeytsa : nice move khall
[06:48 am]
doji : Watching AAPL
[06:48 am]
rusty : FFIV radar
[06:51 am]
doji : AAPL
[06:51 am]
skydiver : PSSI – take over
chatter
[06:52 am] joeytsa : FOSL
trying 90 again
[06:52 am] khall :
go FOSL, go
[06:53 am] joeytsa :
nice pullback on BIDU
[06:56 am]
doji : Run APPL run….
[06:56 am]
mikewd2 -: just covered PVH didn’t seem to
want to turn over
[06:57 am] mikewd2 -:
FOSL moving again, nice one doji
[06:59
am] doji : Watching FSLR
[07:00 am]
joeytsa : eye on the ES, see if it can
hit 1400
[07:01 am] doji : Mike this
time a beat you… got AAPL right at
618.10
[07:01 am] aussie123 :
cvs
[07:01 am] doji : couldn’t get a
better rpice
[07:01 am] mikewd2 -: nice
one doji
[07:01 am] doji : Now we
need to SPX to hold 1400 for now
[07:02
am] joeytsa : why do we need that?
🙂
[07:02 am] gregs : CVS very
active
[07:02 am] doji : To keep
buyers bidding on APPL higher
[07:02 am]
joeytsa : gotya
[07:03 am]
doji : Everyone is looking at AAPL to
break 644 for sure
[07:04 am]
joeytsa : FFIV nice, thanks
khall
[07:04 am] khall : welcome
🙂
[07:05 am] doji : FOSL
approaching 93.6
[07:05 am] doji :
Taking 1/2 FOSL L here
[07:05 am] mikewd2
-: NUAN L 21.63 at support pivot
[07:05
am] doji : Already 31% move
[07:05
am] joeytsa : great trade
doji
[07:06 am] joeytsa : and
there’s 1400
[07:07 am] doji : Yes
Joey, what a day… FSLR, FOSL and APPL are
making my day
[07:07 am] khall : CRM
also making a nice move up this
morning
[07:07 am] shark : and
NFLX
[07:08 am] doji : and
SLB
[07:09 am] mikewd2 -: nice move on
SLB
[07:09 am] joeytsa : now dont
lose it taking crappy trades midday
[07:09
am] khall : thanks for the
reminder!!!!!
[07:10 am] doji : I
agree Joey….
[07:10 am] mikewd2 -: and
WFt
[07:12 am] joeytsa : WFT still
only a 25cent range so far
[07:12 am]
mikewd2 -: covered BSFT short 36.07
[07:12
am] joeytsa : nice mike
[07:13 am]
joeytsa : AMZN breaking out a
bit
[07:13 am] mikewd2 -: but joey, a
million quarters is nice!!! haha
[07:13
am] joeytsa : 🙂
[07:17 am]
doji : Keep your positions balanced in
WFT Mike….
[07:17 am] doji : It’s
very volatile and when it dropd, it drops
hard
[07:18 am] mikewd2 -: yes doji,
reduced some already
[07:18 am] mikewd2 -:
overloaded in CJES though, but looking to
reduce today or tomrw
[07:19 am]
joeytsa : great call Mitch on
CHTR
[07:19 am] mikewd2 -: yes Mitch, long
from 21.63
[07:19 am] mikewd2 -: looking
for 22.47
[07:21 am] mikewd2 -: watching
PVH, nice pennant
[07:24 am] mikewd2 -:
out NUAN +0.54
[07:25 am] mikewd2 -:
watching NUAN for reentry on long near
21.6
[07:25 am] doji : Oil inventory
in 5 minutes
[07:26 am] joeytsa :
you sure thats not tomorrow?
[07:26 am]
doji : Over $9/share up in
FOSL….
[07:26 am] mikewd2 -: very nice
doji
[07:26 am] joeytsa : nice
doji
[07:26 am] joeytsa : crude # is
tomorrow though, not in 5 minutes
[07:26
am] go4it : FOSL any
thoughts?
[07:27 am] joeytsa :
yeah..buy it an hour ago 🙂
[07:27 am]
rusty : started FRAN swing
short
[07:27 am] mikewd2 -: to late to
mess with it go4it
[07:27 am] doji :
YEs sorry, it’s tomorrow, myistake, got it
wrong in my calendar
[07:28 am]
go4it : thx Mike
[07:29 am]
doji : Yes go4it, the odds in FOSL
where when it held 83…
[07:29 am]
mikewd2 -: WTW toppy?
[07:29 am]
doji : or at the breakout of 90 with
volume
[07:30 am] rusty : sold 1/2
FSLR swing +5 avg
[07:30 am] mikewd2 -: no
shares to short on WTW at TS
[07:31 am]
doji : CMG
[07:31 am] mikewd2 -:
swing master on a roll
[07:31 am]
rusty : NUS
[07:31 am] rusty :
NUS alert
[07:31 am] doji : Niceeee
CMG breakout
[07:32 am] go4it : thx
Doji
[07:33 am] eddy : any news on
NUS?
[07:33 am] rusty : negative
analyst report
[07:37 am] eyes : Hy
ED
[07:39 am] mikewd2 -: NUS L
45.00
[07:40 am] eyes : Nice
Mike
[07:40 am] mikewd2 -: a little
worried when it broke it though
[07:40 am]
rusty : NYSE volume 150M shares – 7%
below its three-month average; advancers lead
decliners by 2.8:1.
[07:40 am] mikewd2 -:
went to 44.50 before i cuold enter
stop
[07:41 am] doji : Nice fill
Mike
[07:42 am] Ed : hey eyes
[07:42
am] doji : Hey Eyes, how are you doing
today?
[07:42 am] eyes : up about 90
so good how about you
[07:43 am]
doji : Outstanding today….
[07:43
am] doji : Up $$$$…
[07:43 am]
khall : it has been a great trading
morning
[07:43 am] eyes : Awesome
good to hear
[07:43 am] doji : NUS
still weak Mike
[07:44 am] mikewd2 -: I’m
out doji
[07:44 am] mikewd2 -:
45.76
[07:44 am] doji : I guessed
Mike
[07:44 am] eyes : GO
Mike
[07:45 am] doji : NUS previous
PP=43.86
[07:46 am] doji : strong
support 42.52
[07:46 am] doji : and
then 40
[07:50 am] eyes : what would
be a interesting Price MJN
[07:51 am]
serge :
http://www.streetinsider.com/Insiders+Blog/Nu
+Skin+Enterprises+%28NUS%29+Slammed+as+Cintro
n+Says+China+Sales+in+Jeopardy+on+Volations/7
637294.html
[07:52 am] rusty :
http://www.citronresearch.com/index.php/2012/
08/07/the-two-faces-of-nu-skin/
[07:54 am]
mikewd2 -: been getting bounces off whole
number support on NUS
[07:54 am] mikewd2
-: VRX bumping against 51.00
[08:04 am]
rusty : NUS CNBC
[08:04 am] mikewd2
-: The Company operates through a direct
selling model with independent distributors
in all of its markets except Mainland
China
[08:04 am] mikewd2 -: seems their
profile doesn’t show they do direct
selling?
[08:05 am] eyes : My chart
show 42.90 what chart is that
[08:05 am]
mikewd2 -: hope someone was able to short
WTW, worked out nice
[08:05 am]
rusty : lol
[08:06 am] eyes :
OK better
[08:06 am] rusty : Marvin
Hamlisch Dead at 68
[08:10 am] eyes
: Did you S MNST Ed
[08:19 am] eddy
: test
[08:19 am] rusty :
icles
[08:20 am] victor51 : Mitch,
what’s your fast setting. and can explain
black, red and green box prices. I missed it
earlier
[08:22 am] Ed : yes I did
eyes
[08:23 am] Ed : i see ur test
eddy
[08:23 am] doji : Watching
LEN
[08:29 am] eddy : what do we do
with NUS NOW?
[08:30 am] Ed : are u in the
trade
[08:30 am] eyes : no i was
waiting for a higher price missed
it
[08:31 am] Ed : if ur not already in
NUS, would just wait on another
opportunity
[08:37 am] ben4givn :
watching wprt
[08:45 am] qwert : APA
at 88
[08:48 am] mikewd2 -: mcp
hod
[09:05 am] doji : CMG nice $4
move from breakout at 300….
[09:06 am]
rusty : VHC radar
[09:07 am]
rusty : negative article
[09:09 am]
rusty : VIX -2.32% UVXY
-2.27%
[09:16 am] Ed : nice one
doji
[09:17 am] doji : Thanks
Ed…
[09:17 am] doji : It’s nice
when you can trade and work at the same
time… multitasking
[09:17 am] Ed :
true
[09:18 am] doji : My best day
in weeks
[09:18 am] Ed : u had been way
for bit, so takes little get back in
groove
[09:19 am] doji : True, as I
told Joey, I am dedicating a couple of hours
to study no matter what
[09:19 am]
doji : every day
[09:19 am] Ed :
thats good
[09:20 am] Ed : we are no
different than prof. athletes and they train
so many hours per day
[09:21 am]
rusty : we are no different?
[09:21
am] rusty : interesting
[09:21 am]
doji : You are right, experience and
wisdom only comes with practice
[09:21 am]
rusty : Ed, please post pic in
Speedos
[09:21 am] doji :
hahaha
[09:21 am] rusty : for us to
decide
[09:22 am] Ed : with barbell in
right hand
[09:22 am] rusty : hey
hey
[09:22 am] rusty : mitch not
gonna like that kinda talk
[09:22 am]
rusty : he’s prudish you know
[09:22
am] Ed : lol
[09:22 am] doji : wit a
pinky tong and doing “lift and
jerk”…
[09:22 am] doji :
with
[09:23 am] doji : See ya later,
have to attend a meeting
[09:24 am]
rusty : enjoy 12 steps
[09:24 am]
rusty : ooooops
[09:24 am]
rusty : wrong window
[09:25 am] Ed :
c ya doji
[09:31 am] victor51 :
Anyone remember Aug 8, 2911. Mkt tanked big
that day.
[09:31 am] rusty : back to
the future?
[09:32 am] eddy :
🙂
[09:35 am] Ed : and dont forget the
speedo per rusty
[09:36 am] qwert :
TIBX big volume spike
[09:37 am] Ed : i do
like watching woman’s volleyball
though
[09:38 am] gregs : women’s
tennis
[09:39 am] Ed : guess that would be
distant 2nd for me
[09:39 am] gregs
: haha
[09:41 am] gregs : 2nd day
underwater for me in a row, need to review
trades, find a mountain and
meditate
[09:42 am] Ed : do u also keep a
journal gregs?
[09:42 am] gregs :
yes sir every day, with pictures of
trades
[09:42 am] Ed : should be easy for
you to spot the erros
[09:42 am] Ed :
errors
[09:42 am] gregs : slowly
converging on profitability heh
[09:43 am]
gregs : yesterday i learned that paying
attention to volatility on tops is
important
[09:43 am] gregs : also
trying to take some of the support/resist
plays that you guys are taking
[09:44 am]
Ed : sometimes when fairly new, one can be
trying too many strategies and that can be a
distraction as well
[09:44 am] gregs
: this is true, will keep in mind
[09:45
am] Ed : try to keep it as simple as possible
then build on it.
[09:45 am] serge :
ed…if I may ask…how many trades in 10
make you $$?
[09:45 am] Ed : Also, when
trying something new do it in sim
mode
[09:45 am] gregs : was doing 6
trades a day on the reversals, most days
+ve
[09:46 am] Ed : dont quite understand
the question serge
[09:46 am] gregs
: still lots to learn
[09:47 am]
serge : so for example do 6 out of 10
ofo your trades make you $$?
[09:47 am] Ed
: oh, think I got it. when I trade 12 or less
my win % is in 80 percentile
[09:47 am]
serge : ahh ok
[09:47 am]
serge : thanks
[09:47 am]
gregs : nice ed 🙂 how about
risk/reward ratio 😛
[09:48 am] Ed : when
I trade 15 to 40 it drops to about 69% or 70%
and when I trade 100 which is about 1 per
month my % drops to about 55%
[09:48 am]
gregs : 100 in a day?
[09:48 am]
serge : ??
[09:48 am] serge :
you broker has got to love
that….lol
[09:48 am] Ed : yes 100 trades
in a day
[09:49 am] gregs :
sweet
[09:49 am] Ed : thats why I try not
to do that too often
[09:49 am]
gregs : eddie money
[09:49 am]
serge : time to go….thanks again
all…..learning so much here
[09:50 am]
Ed : take care serge
[09:52 am] Ed : thats
also why it is good to review so u can stick
to what makes u the most money or keeps u
consistently profitable
[09:53 am]
eddy : ED do you remember which
stochastics we had agreed to use?was it
14 ,3,3?
[09:53 am] Ed : like one trader
in room mentioned they have most success
trading from 10am est. to 11:30est
[09:53
am] gregs : that’s
interesting
[09:53 am] Ed : it was
6,5,4
[09:53 am] Ed : see how that works
eddy
[09:54 am] eddy : k
thx
[09:54 am] Ed : if that does not look
right let me know
[09:55 am] Ed : right
gregs, but atleast he was able to look and
see where he was having most
difficulty
[09:55 am] gregs : i tag
trades by the reason i get into
them
[09:56 am] gregs : then do
pivottables in excel to figure out most
profitable trades
[09:57 am] Ed : thats
good
[09:58 am] gregs : most
profitable = reversals
[09:58 am]
gregs : least = support/resist
plays
[09:58 am] gregs : like, i’m
eyeing HAL at 35 right now
[09:59 am] Ed :
this time of day I tend to be more skeptical
of particular play unless it is news mover,
buyout rumorr
[10:00 am] Ed : So, when I
look at HAL Im skeptical on long/short so I
set up #’s to give better edge
[10:00 am]
gregs : how do you mean
numbers
[10:01 am] Ed : So, if looking to
take long, will take it at 35.31 with strong
vol or short if get move into 36.36 area, but
will se how it reacts 1st
[10:02 am]
go4it : DIE FOSL DIE!
[10:03 am]
go4it : 5
[10:03 am] gregs :
ok so you don’t like the hod play just
because, looking at levels on the daily
instead, and how it reacts to em
[10:03
am] gregs : just bc of time of day i
mean
[10:03 am] Ed : just as an
example, right and playing from
skeptical view
[10:04 am] Ed : due to time
of day and not wanting to give money back,
also would play with much lighter share
size
[10:04 am] Ed : if it does hit those
#s im looking at
[10:05 am] Ed : like if I
normally play with 1000 shares I will be
trading with 200 shares
[10:06 am] Ed :
Its all about placing odds in ur favor and
just telling u how I play it. U dont have to
follow my lead put sharing to help
others
[10:07 am] gregs : makes
sense, i think i need to consider #s more
from daily and 15m, instead of just trading
the 2m
[10:07 am] Ed : U definitely want
to know how stock is sitting overall and u
get this info from daily
[10:08 am]
qwert : watching STX
[10:09 am]
gregs : i think i would have thought
35.31 is far enough away as resist, and just
gone for it
[10:09 am] gregs : but
maybe other trades wouldn’t be as
interested
[10:09 am] gregs :
traders
[10:10 am] Ed : u never know,
thats the unknown the traders sitting on
sideline
[10:11 am] Ed : so u want to
control what u do, this is why its important
to be flexible as well
[10:12 am] Ed : see
hal could be good short or good long and long
has room to run up near 36.36. So, u put the
pieces together seeing if ur trade decesion
has an edge.
[10:14 am] Ed : other reason
I would not trade it now, is u have too many
unknown traders sitting on sidelines just
like us, you jump in now and could go either
way. Its like waiting for those traders on
sidelines to show their hands
[10:15 am]
gregs : well but isn’t a break through
35 going to get momentum?
[10:15 am]
gregs : apart from it being lunch
time
[10:15 am] Ed : depends, it could
attract more buyers or not
[10:16 am]
gregs : so not as clear to you which
direction is good yet
[10:16 am] Ed : Look
how stock is meandering
[10:16 am]
gregs : but if you don’t look at
breaking of significant levels, what is it
that makes it good
[10:16 am] gregs
: ah, ok yeah it does look sleep
[10:17
am] gregs : sleepy
[10:18 am] Ed :
so u get the break like ur speaking of, u
want those buyers to come in and this will
show up on vol side, if it breaks and vols
stays light cause for cautionn. Caution not
panic. If ur up on trade u could quickly
reduce place stop at breakevn as
example
[10:19 am] gregs : that
makes sense, often i’m in a trade and feel it
hanging in midair
[10:19 am] gregs :
which is ok if i’m very in the money, but not
cool near my entry
[10:20 am] gregs
: also, think i don’t pay enough attention to
vol
[10:20 am] gregs : hardly ever
in fact
[10:20 am] joeytsa : i make
that mistake a lot also greg
[10:20 am]
joeytsa : i catch it on my 2nd
look
[10:21 am] gregs : hehe sinking
feeling
[10:21 am] Ed : definitely on
those breakouts/breakdowns
[10:21 am]
joeytsa : yeah, its easy to get caught
up in the actual breakout
[10:21 am] Ed :
I think we had this with CTSH yesterday, kept
wanting over that 65 area
[10:22 am] Ed :
it broke but vol was suspect, vol was there
not strong but did not continue so I closed
out 3/4 and place stop last 1/4
breakeven
[10:23 am] Ed : now if u study
FOSL that was nice breakout 9:36est
[10:24
am] gregs : i see vol spike at 10:20
but no follow thru
[10:24 am] rusty
:
http://my.jetscreenshot.com/demo/20120807-xnh
7-125kb.jpg SPY
[10:25 am] Ed : at 9;36 u
had nice spike and supporting vol coming
in
[10:25 am] gregs : ok i see vol
spike in FOSL but stays higher than
consolidation
[10:26 am] mh :
FB
[10:26 am] gregs : probably also
you get a feel for how prices moves on high
vol versus low vol
[10:27 am] gregs
: i.e. watching time and sales
[10:27 am]
qwert : Ed how far up would you have
paid for FOSL I had st alert for open and
when it went off by the time i got there it
was already up just over 85 so i
passed
[10:27 am] eyes : BSFT nice
move
[10:27 am] Ed : right like anything
else u get accustomed to what to look
for
[10:28 am] gregs : cool thanks
for the tips ed
[10:28 am] Ed : 85.12 or
less
[10:29 am] qwert : What are you
basing that on?
[10:29 am] Ed : opening
price
[10:30 am] Ed : and u got a breakout
pattern forming from 9:31 to 9:35
[10:30
am] qwert : yeah i made money short at
open
[10:30 am] murano :
FE
[10:31 am] Ed : it was nice quick
short
[10:34 am] doji : CMG break
out
[10:34 am] go4it : I was short
FOSL at 9:48 @92.22 stopped out
91.50
[10:34 am] qwert : Thx
Murano :))
[10:34 am] Ed : nice
again doji, u must be hungry
[10:35 am]
doji : hahaha
[10:38 am] rusty
: NUS fighting back
[10:39 am] rusty
: on conference call
[10:41 am]
joeytsa : VC slight spike
down
[10:45 am] Ed : still made 4 some
nice cheese bruce
[10:47 am] go4it :
I get excited and I love cheese
haha
[10:47 am] Ed : me too
[10:48 am]
Ed : sharp cheese is best
[10:48 am]
go4it : but I was hoping for lobster
haha
[10:48 am] Ed : never hear of it, I
dont get out much
[10:49 am] go4it :
lol
[10:53 am] go4it : hey Ed you
like pepperjack
[10:53 am] Ed : 4
certain
[10:53 am] eddy : NUS
breaking down
[10:53 am] eddy : any
suggestions Ed?
[10:54 am] Ed : only if
losses lod wuth vol
[10:54 am] go4it
: throw it on some chips toss it in the micro
sit back withbeverage of choice
HEAVENLY
[10:54 am] eddy : else u
dont touch it?
[10:55 am] Ed : right
eddy
[10:55 am] eddy : no short
here?
[10:56 am] Ed : not for me
[10:56
am] eddy : so u short it of ot break
lod or wait for long set up?
[10:57 am]
eddy : of ot =if
[10:58 am] Ed :
would prefer breaking lod on vol
[11:00
am] gregs : ken calhoun from daytrading
university posts trading results from 2009 –
$16,000
[11:01 am] murano :
EXH
[11:03 am] rusty : SEC Seeks to
Tighten Controls on Computer Trading Across
Stock Market
[11:03 am] qwert : EXH
sells assets for 442 million
[11:04 am] Ed
: be interesting to see how they do
that
[11:04 am] Ed : thx murano and
qwert
[11:06 am] victor51 : Ed,
TIBX S @29.21. What you think more
downside??
[11:06 am] qwert : Murano
thx for EXH
[11:07 am] Ed : I would prefer
a move into 30 area
[11:07 am] Ed : on
TIBX
[11:07 am] mh : missed EXH what
a good one
[11:08 am] mh : is this a
place to take EXH long?
[11:09 am] Ed : by
time u had asked it already gave nice quick
entry, although I would have prefered more
drop for my style of trade to take
long
[11:10 am] mh : I like to jump
the gun and get in to early and stay in to
long hahaha
[11:12 am] mh : EXP
should have been a big winner just couldnt
pull trigger
[11:12 am] Ed : trades kind
of thin EXP
[11:14 am] doji :
FSLR
[11:14 am] doji : trying to
brekout…. need more V
[11:14 am]
rusty : FSLR hod
[11:15 am] Ed :
nice pattern
[11:16 am] doji : U
pattern Ed
[11:16 am] Ed : yes
[11:16
am] Ed : just need vol to show up
[11:16
am] doji : exactly
[11:17 am]
doji : I am keeping 1/2 position as
swing trade @ 19.69
[11:17 am] mh :
nice doji
[11:21 am] doji : Obama to
expedite FSLR projects
[11:21 am] Ed : thx
doji
[11:25 am] doji : Was reading
in MW that study has shown the best profits
fir day trades are the first hour after the
market opens and the last one before it
closes…
[11:26 am] doji : we don’t
need that sudy… we already know that…
hahah
[11:26 am] qwert : We need to
see lightning in action on FSLR
:))
[11:26 am] Ed : true doji
[11:26
am] rusty : Can you put up CL chart
please?
[11:26 am] qwert : certainly
for me 1st hour
[11:27 am] doji :
SPY dropping
[11:28 am] qwert : no
shorts FSLR at lightspeed
[11:28 am]
doji : TDA have them
[11:29 am]
rusty :
http://www.nasdaq.com/symbol/fslr/short-inter
est
[11:39 am] rusty : KCG
lod
[11:48 am] rusty :
http://www.bloomberg.com/news/2012-08-07/u-s-
to-expedite-seven-renewable-renewable-energy-
plants.html?cmpid=yhoo
[11:57 am]
shark : test
[11:57 am] Ed : i see
ya shark
[11:58 am] joeytsa : VC
giving some decent moves
[11:58 am]
doji : Sharky!!!!
[11:59 am]
shark : 🙂 Aloha doji
[11:59 am]
joeytsa : shark’s trying to get the
sand out of his laptop 🙂
[11:59 am]
doji : Arrivederchi
[12:02 pm]
shark : yeah, for real, joey
[12:03
pm] shark : TUMI Aug 20 calls, 3200
contracts bought yesterday prior to earnings
for as little as .30/conract
[12:04 pm]
shark : looks like possible 3200
contracts selling here for around
$3.00/contract
[12:04 pm] rusty :
you’re going to read about those contracts in
future
[12:04 pm] shark :
😉
[12:05 pm] doji : 3200 contracts?
That is 320,000 shares…
[12:06 pm]
rusty : stupid criminals
[12:06 pm]
doji : no e-mail to share the
profits?
[12:07 pm] shark :
yeah….
[12:08 pm] rusty : so
what’s the net profit there
[12:09 pm]
rusty : banks moving
down
[12:10 pm] shark : $864,000
TUMI Aug 20 call profits for 1 day
[12:11
pm] joeytsa : give me 2 of those and i
will take the rest of the year off
🙂
[12:11 pm] rusty : two of those
and you will have few years off
[12:11 pm]
doji : Just give me 1/2
[12:11 pm]
rusty : followed by few years
probation
[12:11 pm] doji : that is
why Shark trades while travelling
[12:11
pm] rusty : nice headsup
shark
[12:11 pm] qwert : monitoring
ADS
[12:12 pm] shark : 🙂
[12:12
pm] doji : Sharke knew something the
rest of us didn’t know….
[12:13 pm] Ed :
did u trade them in ur swiss trading
acct?
[12:14 pm] Ed : got it shark no
comment
[12:14 pm] rusty :
lol
[12:16 pm] doji : He is busy
counting his money
[12:17 pm] Ed : thats
4sure, he used hawaii as a distraction, we
know where he really is
[12:17 pm]
joeytsa : 🙂
[12:21 pm] shark
: lol
[12:21 pm] shark : Z and PCLN
on my after hours earnings watch,
today
[12:22 pm] shark : Z up
nicely, maybe a tell
[12:22 pm] mikewd2 -:
GMCR hod
[12:24 pm] joeytsa : re:
PCLN, i think someone mentioned about
potential bad earnings..maybe rusty posted
that?
[12:25 pm] joeytsa : i might
have read that somewhere else though..cant
remember
[12:25 pm] shark : thx for
heads up, joey
[12:25 pm] joeytsa :
dont take that as gospel though…my brain
has been scattered recently
[12:26 pm]
doji : Thanks for TUMI
[12:26 pm]
doji : hahaha
[12:30 pm] doji
: FB dropping
[12:31 pm] joeytsa :
it has been since its ipo 🙂
[12:32 pm]
doji : Nice drop today
[12:41 pm]
rusty : VIX hod
[12:44 pm]
rusty :
http://dealbreaker.com/2012/08/high-frequency
-traders-in-a-hurry-to-get-in-and-out-of-knig
ht-shares/?utm_source=feedburner&utm_medi
um=feed&utm_campaign=Feed%3A+dealbreaker+
%28Dealbreaker%29
[12:44 pm] rusty :
KCG
[12:47 pm] rusty : FRAN come to
papa
[12:53 pm] mikewd2 -: almost $1
bounce in NUS
[12:53 pm] eyes : Good
Night Everyone
[12:54 pm] shark :
bye eyes
[12:54 pm] rusty : seeya
eyes
[12:54 pm] rusty : gn
all
[12:54 pm] Ed : c ya
eyes/rusty
[12:54 pm] shark : bye
rusty
[12:54 pm] doji : See ya
fellas tomorrow…
[12:54 pm] shark
: hasta luego, doji
[12:54 pm]
joeytsa : Thanks Mitch, Ed,
everyone..see you all tomorrow
[12:54 pm]
Ed : c ya doji
[12:55 pm] shark :
should be fun to watch, PCLN
shortly
[12:55 pm] shark : and
Z
[12:59 pm] gregs : take care ed
thanks for the help today
[12:59 pm]
gregs : and thanks to mitch for the
awesome calls as usual
[12:59 pm] Ed : no
problem
[01:05 pm] shark : there
goes PCLN, wow!
[01:07 pm] shark :
sliced up in the blender like CMG couple
weeks ago
[01:08 pm] joeytsa : huge
drop
[01:08 pm] joeytsa : guess that
rumor was right?
[01:08 pm] shark :
YEAH
[01:08 pm] shark : no
kidding
[01:08 pm] shark : maybe
EXPE eating into sales
[01:08 pm]
shark : along with other growth
competitors
[01:09 pm] joeytsa :
maybe
[01:09 pm] joeytsa : guess i
should have loaded up on puts
[01:10 pm]
rusty : Sees Q3 2012 EPS of
$11.10-$12.10,vs $12.82
PCLN
[01:10 pm] shark : thx
rusty.
[01:13 pm] shark : Z; Zillow
reports EPS in-line, beats on revs; guides Q3
revs in-line (Z) 41.71 +2.12 : Reports Q2
(Jun) earnings of $0.04 per share
[01:14
pm] joeytsa : PCLN down about
$100
[01:14 pm] qwert :
wow
[01:14 pm] shark : will watch
PCLN to sell some options as the volatility
gets sucked out tomorrow
[01:15 pm]
rusty : await shark options
call
[01:15 pm] rusty : ty
[01:15
pm] joeytsa : wish they would have
announced during hours
[01:15 pm]
qwert : yeah
[01:16 pm] rusty
: anyone buy 3000 PCLN puts today?
[01:18
pm] qwert : df
[01:18 pm]
shark : alright guys, heading out to
the beach….Aloooooha
[01:19 pm]
joeytsa : see you all tomorrow
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