[06:18 am] Kris : good morning traders
[06:19 am] Brent : good morning, time to
close this week out
[06:19 am] Kris : ADSK, DHX, JRCC, MCP, RRGB,
DDS and BYI as possible short trade
setups.
[06:19 am] Kris : Today I’m watching ALR,
CYH, HAR, JVA, MGM, NVDA, INCY, TIVO and RVBD
as possible longs
[06:20 am] Kris : I need to get to Del Mar
soon joey
[06:21 am] Brent : I’ve got to get to Taco
Del Mar soon
[06:21 am] Kris : thanks joey, I have a horse
strategy too
[06:32 am] Kris : SODA short half position
[06:33 am] Kris : DNDN long half position
[06:33 am] Kris : I’ll take NVDA long over
15.05
[06:34 am] Kris : SPY trying to push through
119
[06:35 am] Kris : LNCR long
[06:36 am] Kris : YOKU long half position
[06:37 am] Brent : watching DV for a bounce,
support around 42.50
[06:37 am] Kris : COV long half position
[06:38 am] Kris : out another 1/4 YOKU
long
[06:38 am] Kris : out half YOKU long
[06:39 am] Kris : out all YOKU long
[06:40 am] Kris : LNCR moving up
[06:40 am] Kris : target at 21.84 on LNCR
[06:41 am] Kris : EXXI long half position
[06:41 am] Kris : SPY searching for
support
[06:42 am] Kris : if you got DDS short, look
to take some profit here in this area
[06:43 am] Kris : buying coming in here
[06:44 am] Kris : out half LNCR, starting to
stall a little here
[06:44 am] Kris : XOM long half position
[06:45 am] Kris : DNDN testing hod, looking
for another move up
[06:45 am] Kris : EXXI out half
[06:46 am] Kris : buying coming in
[06:46 am] Kris : COV making new highs
[06:46 am] Kris : EL long half position
[06:46 am] Kris : see if we can get a push on
these longs
[06:47 am] Kris : out half DNDN long
[06:48 am] Kris : MELI long half position
[06:49 am] Kris : out half EL long
[06:50 am] Kris : let’s watch our longs
[06:50 am] Kris : out all EL long
[06:50 am] Kris : out half COV long
[06:50 am] Kris : SPY starting to come up
into hod resistance soon
[06:51 am] Kris : out another piece of
LNCR
[06:53 am] Kris : SPY holding up, see if we
get a higher low here and another push into
the hod area.
[06:53 am] Kris : that would be bullish
[06:54 am] Kris : CSCO short half position
[06:54 am] Kris : start looking for possible
short trades if we break the last low support
on spy around 118.20
[06:55 am] Kris : HRB short half position
[06:55 am] Kris : SPY breaking down
[06:56 am] Kris : thanks lara
[06:56 am] Kris : what a shocker
[06:57 am] Kris : I’m out COV at 49.29
[06:57 am] Kris : ok, we should get a bounce
back here soon
[06:58 am] Kris : EXXI holding up
[06:58 am] Kris : FNSR long half
[06:58 am] Kris : watch it for support soon,
could give a bounce on that COV
[07:00 am] Kris : HAR long over 33.20
[07:01 am] Kris : can we?
[07:01 am] Kris : DNDN trying to hold up,
still have a small piece long
[07:01 am] Kris : good news is we can’t have
much less confidence than we have now
[07:01 am] Kris : lol
[07:02 am] Kris : BEXP short half position
[07:03 am] Kris : out all EXXI long
[07:03 am] Kris : that’s trader confidence,
not consumer.
[07:04 am] Kris : out half BEXP short
[07:05 am] Kris : we hit that 119 area
yesterday on the SPY, strong resistance
level.
[07:06 am] Kris : FFIV long half position
[07:06 am] Kris : no, long gone dan
[07:06 am] Kris : watch DANG for a long over
10.00
[07:07 am] Kris : close eye on HRB short,
needs to breakdown soon or I’m out, market
coming into support now
[07:08 am] Kris : SPY basing and testing
trendline
[07:08 am] Kris : watch for SPY to break 118
or new lod
[07:09 am] Kris : YNDK long half position
[07:10 am] Kris : CTRP long half position
[07:11 am] Kris : SNDK short below 37.45
[07:12 am] Kris : REGN long half position
[07:12 am] Kris : YNDX
[07:14 am] Kris : ok, we’re getting buyers
[07:15 am] Kris : see if these longs can make
new highs
[07:15 am] Kris : they mostly held up against
the selling
[07:17 am] Kris : looking for a new hod
breakout on XOM
[07:17 am] Kris : out half FFIV long
[07:17 am] Kris : out half REGN long
[07:18 am] Kris : out half CTRP
[07:18 am] Kris : see if we can get another
push higher from the consolidation here in
the SPY
[07:19 am] Kris : DNDN moving up to test the
hod
[07:19 am] Kris : GT long
[07:20 am] Kris : NTAP long half position
[07:21 am] Kris : I have a small RENN
[07:21 am] Kris : more like a 1/4
[07:21 am] Kris : RENN long half
[07:22 am] Kris : IMAX short
[07:22 am] Kris : SPY broke low side
consolidation
[07:23 am] Kris : it’s a little thin on NMM
so you might want to go small or pass.
[07:23 am] Kris : NMM long half position
[07:25 am] Kris : buyers coming in here
[07:25 am] Kris : here we go
[07:25 am] Kris : SPY coming into that
previous consolidation resistance
[07:25 am] Kris : watching URBN for a short,
needs to run more. maybe up into 29.50
[07:26 am] Kris : GMW long half position
[07:27 am] Kris : looking for new highs in
NTAP long
[07:28 am] Kris : QCOM long half
[07:29 am] Kris : will watch ST for a
pullback to take long possibly
[07:31 am] Kris : out another 1/4 FFIV
[07:32 am] Kris : EAT short half position
[07:33 am] Kris : NTAP still looking
healthy
[07:34 am] Kris : FWLT short
[07:34 am] Kris : I guess I love making money
too much
[07:35 am] Kris : don’t like the buying I’m
seeing with that short on FWLT
[07:35 am] Kris : so I’ll stay tight and
watch it a little more closely
[07:35 am] Kris : start with half on FWLT
[07:36 am] Kris : looking for new highs in
RENN
[07:36 am] Kris : SUN long half position
[07:37 am] Kris : APKT long half position
[07:38 am] Kris : out half QCOM long
[07:38 am] Kris : QCOM moving up
[07:38 am] Kris : SPY has been holding the
trendine
[07:39 am] Kris : I’m out. Stop over 23.63
if you’re still short scalpman. I stayed
with half position on that.
[07:40 am] Kris : GS short
[07:42 am] Kris : but we get a break of this
trendline and it could come down to test the
lod
[07:42 am] Kris : no scalpman
[07:42 am] Kris : out half GWW long
[07:42 am] Kris : some buying coming in
here
[07:43 am] Kris : JOE short
[07:48 am] Kris : not quite enough money in
it yet for me.
[07:48 am] Kris : watching WTW for a long
reversal
[07:50 am] Kris : BBY short
[07:51 am] Kris : come on GS, move it or lose
it
[07:51 am] Kris : SPY coming down into LOD
support
[07:53 am] Kris : ZOLL long half
[07:55 am] Kris : ADS long
[07:58 am] Kris : a lot of green coming
through here
[07:59 am] Kris : VSEA long
[08:00 am] Kris : GS still creeping down
[08:01 am] Kris : APKT moving higher
[08:01 am] Kris : s or r vans?
[08:02 am] Kris : SIGA long
[08:03 am] Kris : I missed SIGA, not gonna
chase it
[08:05 am] Kris : it hasn’t figured it out
either vans
[08:06 am] Kris : I agree steve
[08:06 am] Kris : we see a break below lod
and could have some strong selling
[08:07 am] Kris : here we go again
[08:07 am] Kris : lol
[08:16 am] Kris : BBY breaking down to new
los
[08:16 am] Kris : lows
[08:16 am] Kris : out half ZOLL ong
[08:16 am] Kris : stop second half 45.77 ZOLL
long
[08:17 am] Kris : buyers coming in again
here
[08:17 am] Kris : out half BBY short
[08:17 am] Kris : stop second half BBY over
24.07
[08:23 am] Kris : I think it’s still good
uptick
[09:14 am] Kris : ?
[09:14 am] Kris : looks like what opposite
happened myrontay
[09:15 am] Kris : look for a bounce soon
[09:15 am] Kris : SPY at support here
[09:22 am] Brent : take care scalpman
[09:24 am] Kris : have a great weekend
scalpman
[09:26 am] Brent : SPY approaching trendline
support
[09:26 am] Kris : NVDA starting to round
out
[09:30 am] Kris : see if we can break that
overhead trendline in the SPy coming up here
around 118.75
[09:31 am] Kris : it was over before the line
went up
[09:39 am] Kris : no point taking the long if
the SPY breaks lower through support
[09:39 am] Kris : wait for a trendline break
vans, then ZOLL could be a good long
[09:45 am] Kris : it sounds logical but the
markets are rarely ever logical. I’ve seen
the same setup before and sometimes it
happens and sometimes it doesn’t. Kind of a
coin toss stocknut in my experience.
[09:47 am] Kris : SPY should give a good
break to one side or the other soon.
[09:55 am] Kris : speechless
[09:55 am] Kris : uncanny, just plain
uncanny
[09:55 am] Kris : wow absolutely amazing
vans!
[09:56 am] Kris : booyah!
[09:56 am] Kris : lol
[09:57 am] Kris : good job vans, we’re just
teasing you. Bert was abused as a child.
[10:03 am] Brent : SPY approaching strong
resistance at 118.64 due to Vans call
[10:06 am] Kris : is that a question or a
statement vans?
[10:15 am] Kris : on what mhaus?
[10:17 am] Kris : need to push over that
118.70
[10:17 am] Kris : you could go long MCP over
59.00 if we hold support and move up in the
SPY
[10:18 am] Kris : a long swing entry on a
Friday?
[10:18 am] Kris : buying coming in here
again
[10:18 am] Kris : it filled it’s gap down
today from the high resistance
[10:18 am] Kris : looking like an exhaustive
gap so I would wait for Monday to see how it
pans out.
[10:18 am] Kris : you can day trade it
[10:21 am] Brent : REGN
[10:21 am] Kris : watching REGN for a
short
[10:22 am] Brent : have a great weekend
myrontay
[10:22 am] Kris : see you Monday myrontay
[10:25 am] Kris : yeah, good call REGN
bert
[10:27 am] Brent : I know
[10:27 am] Brent : lol, that was Kert’s call.
He beat me to it
[10:27 am] Kris : I’m just teasing bert
[10:45 am] Kris : ARMH long half
[10:52 am] Kris : watch for a breakout here
in SPY
[11:05 am] Kris : break time for me. be back
in 30.
[11:07 am] Brent : watching SPB for a
bounce
[11:13 am] Brent : SPY testing trendline
support
[11:27 am] Brent : anyone get SPB long?
consider reducing here
[11:34 am] Brent : CIS alert
[11:53 am] Kris : I’m back
[12:31 pm] Brent : you too apple
[12:32 pm] Kris : have a good weekend pat
[12:32 pm] Kris : here comes the selling
[12:32 pm] Kris : see you Monday
[12:32 pm] Kris : SPY breaking down
[12:36 pm] Brent : you too Joey, see you
Monday
[12:37 pm] Brent : you mean all on one
horse?
[12:37 pm] Kris : See ya Joey
[12:38 pm] Kris : sounds like fun joey
[12:39 pm] Kris : I learned my horse strategy
from an old pro
[12:41 pm] Kris : No
[12:42 pm] Kris : and ready to run
[12:42 pm] Kris : cause they’re lighter
[12:42 pm] Kris : you watch them when the
come at and the one that takes the biggest
crap is the one you want to bet on.
[12:43 pm] Kris : it’s never let me down
[12:44 pm] Kris : I don’t use confirmations.
no way do I have time for that.
[12:44 pm] Kris : I think every platform
allows you to turn off confirmations.
[12:58 pm] Brent : have a great weekend
everyone, good job this week. See you
Monday
[01:01 pm] Kris : Another week in the
books
[01:01 pm] Kris : Great job today everyone
[01:02 pm] Kris : We’ll see you all back here
Monday morning.
TSA |
[06:15 am] joeytsa : retail sales .5% beat
forecasts, prelim UofM consumer sentiment
report at 9:55 est..only big reports i see
today
[06:16 am] joeytsa : Gap up
AAPL,RRGB,MCPSODA,FFIV
[06:17 am] joeytsa : Gap downs : BYI is the
only big gap down i see
[06:18 am] joeytsa : for you swing/int
traders..CBOU has been the only stock to keep
moving up even on the past few big down
days
[06:24 am] mikewd2 -: silver on the move
down
[06:25 am] Brent : for 15 days I think
joey
[06:25 am] joeytsa : so Europe has banned
short selling??
[06:26 am] joeytsa : yeah i am seeing
that..also Greek economy shrinks 6.9% in a
year..what a mess
[06:27 am] joeytsa : i doubt the ban will
work long term
[06:28 am] joeytsa : SODA moving up
pre-market
[06:32 am] joeytsa : NVDA pulling back from
the gap up..might set up a long
[06:33 am] myrontay : can’t borrow soda
🙁
[06:36 am] joeytsa : 1.5 pts..yeah me !!!
[06:36 am] joeytsa : all out RRGB short on
open
[06:37 am] junior : DV
[06:41 am] joeytsa : RRGB just filled its
entire gap up
[06:42 am] stocknut : Anyone knows why the
market is heading down now?
[06:43 am] joeytsa : profit taking
maybe??
[06:46 am] myrontay : very nice call on LNCR
Kris
[06:47 am] joeytsa : MCP just powering up
[06:49 am] joeytsa : NVDA another nice gap
up fade..let’s see if she can get her legs
under her
[06:52 am] randall : agq popping
[06:53 am] candelas : plus 1.5 mcp short
[06:53 am] candelas : thx 4 heads up Kris
[06:53 am] lorie : MCP short
[06:53 am] mabdeen7 : NVDA sinking
[06:53 am] myrontay : nvda sinking bad
[06:54 am] lorie : ATPG
[06:55 am] joeytsa : AAPL falling
[06:55 am] lara : consumer confidence
down
[06:55 am] mikewd2 -: consumer sentiment 54.9
expecting 60
[06:55 am] myrontay : wow down she goes
[06:57 am] joeytsa : exited my NVDA short
way too early..lesson learned
[06:57 am] mhaus : Kris what is your limit
for COV?
[06:58 am] joeytsa : did the same thing with
my RRGB short..2 lessons learned this
morning
[06:58 am] mhaus : thx
[07:00 am] lara : business inventories rise
less than expected
[07:01 am] joeytsa : lara..especially for
investors
[07:01 am] joeytsa : that’s crazy mike
[07:01 am] lara : not much good news
today
[07:01 am] mikewd2 -: lowest confidence since
may of 1980
[07:01 am] myrontay : agree lol
[07:02 am] joeytsa : when i looked on
wed?..91% of stocks were below both the 10wk
and 30wk ma’s…lowest since ’08 and ’01
[07:02 am] randall : lnkd
[07:02 am] sonorant : Yes, but we’ve had
Mitch to listen to, most of the other news
out there is sounds really grim
[07:04 am] vans : fnsr may be good long
soon
[07:06 am] dan : you still have SODA short
Kris?
[07:07 am] joeytsa : until i see something
different..it seems like a ‘short the rally’
game plan
[07:10 am] toptrade : yndx
[07:11 am] lara : YNDK??
[07:11 am] stevemld : YNDK?
[07:12 am] mikewd2 -: it was YNDX
[07:13 am] stevemld : EL trying to
reverse
[07:14 am] mando : Anyone else having delay
trouble with TOS? I think they are
transitioning to TD Ameritrade this
weekend
[07:15 am] spatz13 : mando – yes in paper
trading
[07:16 am] lorie : yes TOS not working well
today
[07:16 am] mando : Thanks Spatz. Helluva
mess if Live Trading!! Lot more exciting
[07:17 am] joeytsa : nice move on FFIV
[07:20 am] myrontay : get ready for up
move
[07:20 am] myrontay : looks like market
forming a flag
[07:22 am] myrontay : ah broke down
[07:23 am] mikeal : ffiv looks strong any
news ?
[07:25 am] myrontay : spy should jump to
118.4
[07:26 am] rusty : before starting the
position
[07:26 am] rusty : LBAS penny stock short
watch….waiting for some volume/news to come
in
[07:27 am] mhaus : closed my COV
[07:27 am] mikewd2 -: GMW?
[07:27 am] myrontay : and pushing 🙂
[07:27 am] uptick : Got Ntap on pullback
[07:30 am] myrontay : flag complete
[07:33 am] anthonyb : guys, the ocean looks
too nice to pass up. I’m going fishing. Have
a great weekend everyone. And thanks for all
of your help
[07:33 am] Brent : have fun anthonyb, sounds
awesome
[07:34 am] junior : have a great time
fishing!!!!! and good weekend anthonyb
[07:38 am] myrontay : yes very nice
trendline
[07:39 am] scalpman : Kris, stop on
EAT…are you out?
[07:40 am] myrontay : haha nice trendline
[07:40 am] scalpman : I’m not in, just
watching you on that one…
[07:41 am] scalpman : Would you still short
EAT Now?
[07:42 am] scalpman : wise
[07:42 am] uptick : How many legs does APKT
have?
[07:44 am] uptick : All out APKT plus .45
[07:45 am] myrontay : quite happy now lol
[07:45 am] myrontay : sold almost all my
longs right at that trendline mark
[07:45 am] myrontay : thnx for the draw
[07:46 am] rusty : SODA hod
[07:47 am] rusty : getting close to hod
sorry
[07:49 am] derns : Kris..pls state if you
decide to jump on WTW…I’ve been studying it
this morning. Thx
[07:51 am] mhaus : Author Glain Says U.S.
War with China “Inevitable,”
[07:51 am] rusty : BKX lod
[07:53 am] apple : good morning to all top
traders
[07:54 am] mhaus : Derns, I have not seen
Kris so I don’t know if he needs WTW
[07:54 am] scalpman : WTW
[07:54 am] scalpman : WTW L @ 56.80
[07:55 am] derns : mhaus…lol!
[07:56 am] mhaus : DDS
[07:57 am] mikewd2 -: I’ve been in/out DDS 3
times today
[07:58 am] mhaus : yes, DDS has been a good
ride today
[08:00 am] scalpman : Out even WTW
[08:00 am] vans : soda down to resistance
[08:01 am] vans : went long soda
[08:05 am] vans : can’t figure market
direction today
[08:06 am] mhaus : watching ONE for short
[08:06 am] stevemld : market starting to
look a little shaky
[08:07 am] uptick : All out BBY plus .15
[08:07 am] vans : dds may break up
[08:08 am] apple : spy
[08:08 am] candelas : momma said be days
like this where can’t make up mind
[08:08 am] myrontay : I’m kinda liking the
SPY today
[08:09 am] apple : at least it’s in a
channel and not going down the slope
[08:09 am] apple : she was right!
[08:09 am] candelas : markets that is
[08:10 am] candelas : it will eventually
find its way
[08:10 am] mhaus : Well, Weight Watchers did
lose some weight today.
[08:13 am] myrontay : so… after it exits
the triangle…
[08:13 am] myrontay : up or down? lol
[08:14 am] apple : up- always reach for the
stars!
[08:14 am] candelas : where is helicopter
Ben?
[08:14 am] myrontay : I’m actually on
5050…
[08:14 am] myrontay : might reduce all and
sit on cash lol
[08:14 am] myrontay : wait for the triangle
to complete
[08:19 am] rusty : WTW radar here
[08:19 am] vans : when you say “buyers
coming in here” do you refer to your last
post BBY or the SPY
[08:20 am] vans : Soda broke to the south
[08:21 am] vans : missed it
[08:21 am] vans : watching for ROSE break
down
[08:22 am] mhaus : SPB
[08:22 am] uptick : Kris, u out VSEA or is
it good on this pullback?
[08:25 am] stevemld : FFIV trying to turn
[08:26 am] myrontay : brent/kris what
program are u guys using for this live chart
btw?
[08:26 am] rusty : steve, I showed up for
steak but no one was home
[08:26 am] rusty : wtf
[08:27 am] Brent : it is if you use it as a
chart and not trade on it
[08:27 am] Brent : this is ninja myrontay
[08:27 am] Brent : what broker do you
have?
[08:27 am] myrontay : I’m using etrade
[08:27 am] myrontay : is it free lol
[08:27 am] myrontay : nice
[08:27 am] stevemld : lol rusty we will try
again
[08:28 am] mikewd2 -: myrontay – are you not
using etrade pro?
[08:28 am] mikewd2 -: yes
[08:28 am] myrontay : and there we go
[08:28 am] myrontay : BREAKTHRU
[08:28 am] myrontay : come on spy..
[08:28 am] myrontay : does it have live
charts?
[08:28 am] myrontay : i am using etrade
pro
[08:28 am] myrontay : i have live ticker
feeds but no charts
[08:28 am] stevemld : ZOLL nice still
trending up
[08:29 am] mikewd2 -: live as in real-time
[08:29 am] myrontay : oh. lol now i feel
stupid
[08:30 am] Brent : you can’t link Etrade’s
quotes to ninja so you would need a separate
data feed
[08:30 am] mikewd2 -: true, Brent
[08:30 am] myrontay : yes but does it update
on its own though?
[08:30 am] vans : wish I kept ZOLL, maybe on
pull back
[08:31 am] mikewd2 -: but the etrade pro
charts seem to follow your ninja charts
[08:31 am] mikewd2 -: guess I’m confused on
auto-updating
[08:31 am] mikewd2 -: there are real time
charting on etrade pro
[08:31 am] myrontay : wait, so mike is there
an auto-updating chart on etrade pro?
[08:32 am] Brent : me too, what do you mean
myrontay? are you not using any charts?
[08:32 am] myrontay : so for etrade pro I’m
using streaming quotes
[08:33 am] mikewd2 -: correct
[08:33 am] mikewd2 -: if the charts are
static
[08:33 am] mikewd2 -: you’re not using etrade
pro
[08:33 am] myrontay : for the charts on
etrade though its live meaning when i click
on charts it shows me the latest but it will
not refresh on its own
[08:33 am] myrontay : nice breakout on
spy
[08:33 am] myrontay : those refresh on its
own and so i don’t do anything
[08:34 am] apple : etrade c\
[08:34 am] Brent : no Dan, not interested in
it here, I missed the bounce from earlier
[08:34 am] Brent : right mikewd2
[08:34 am] dan : Brent you still watch
DV?
[08:34 am] mikewd2 -: i have 10 charts setup
on the four screens and can move easily to
each and trade from them
[08:34 am] mikewd2 -: no problem
[08:34 am] myrontay : i got it mixed up I’m
on power etrade
[08:34 am] myrontay : my mistake people im
sorry
[08:34 am] myrontay : OH.
[08:34 am] myrontay : sigh.
[08:34 am] rusty : WTW near term low from
the other day = 55.50
[08:35 am] apple : mike – keep a small
amount – etrade pro charts are very good
[08:35 am] Brent : lol
[08:35 am] Brent : so there’s a power etrade
and a power etrade pro?
[08:35 am] Brent : what’s this world coming
to
[08:35 am] mikewd2 -: I’m in process of
moving from etrade pro per everyone’s
feedback and high commissions
[08:35 am] mikewd2 -: power etrade is i think
that you did enough trades to get the 7.99
commission
[08:35 am] myrontay : lol brent
[08:35 am] rusty : watching for panic if low
breaks
[08:35 am] rusty : x lol
[08:36 am] Brent : do you you have access to
power etrade pro myrontay?
[08:36 am] Brent : ok
[08:36 am] junior : watching CTSH
[08:36 am] mikewd2 -: etrade pro is a non-web
based application
[08:36 am] mikewd2 -: its night and day from
the web based etrade
[08:36 am] myrontay : i believe so
[08:37 am] Brent : that’s what you need.
Login to the etrade website and it should be
on the right side of the page says “launch
power etrade pro”
[08:37 am] lorie : Kris/Brent, do you always
run your trend lines on a triangle?
[08:37 am] mikewd2 -: has a great scanner,
which i think someone on the TSA uses
[08:37 am] myrontay : haha
[08:37 am] myrontay : I’ve been using the
web based one so far which is why I’m not
getting the live charts
[08:37 am] myrontay : yup got it Brent
[08:37 am] myrontay : yup ok i just
checked
[08:38 am] apple : good for you myron
[08:38 am] apple : I use it for charts and
scanning
[08:38 am] Brent : nothing dumb about it
myrontay, if you don’t ask, you won’t
learn
[08:38 am] mikewd2 -: apple what did u use to
trade off of?
[08:38 am] mikewd2 -: IB, lightspeed
[08:38 am] myrontay : again i feel so dumb
😀
[08:38 am] myrontay : i have my live charts
now hooray lol
[08:38 am] myrontay : ive been actually
using google charts for the longest time
[08:38 am] myrontay : of course – that’s why
i asked 😉
[08:39 am] apple : i use lightspeed with
esignal
[08:39 am] mikewd2 -: don’t know,
[08:39 am] mikewd2 -: i should be
[08:39 am] mikewd2 -: I’m in process of
figuring what to move to
[08:39 am] myrontay : how is IB mike – heard
a lot about it
[08:39 am] myrontay : oh i thought u were
using it already
[08:39 am] myrontay : wow market is really
jumping
[08:40 am] Brent : I usually draw the
triangle when it’s a long one like this
lorie
[08:40 am] Brent : nice myrontay
[08:40 am] myrontay : i think i made at
least 12 trades on SPY just using it and made
on all
[08:40 am] myrontay : in and out in and
out
[08:40 am] myrontay : very nice triangle
brent thank you
[08:41 am] apple : B- can you put the spy
chart up?
[08:43 am] lorie : thanks Brent, very
interesting
[08:45 am] Brent : that is the spy apple
[08:45 am] rusty : WTW bounce
[08:46 am] apple : thx – I just refreshed
[08:46 am] Brent : the “SMA” stands for
simple moving average
[08:46 am] myrontay : wow, relentless
[08:46 am] qwert : here comes 119 on spy
again
[08:47 am] candelas : classic chart
pattern
[08:47 am] candelas : or old but goodie
[08:48 am] apple : hopefully it will do a
noon reversal and up and up from there…
[08:48 am] sonorant : Been on Trade Station
simulator this a.m. to check it out. I set
up a stop to cover a short. Then I went to
buy to cover on half my shares, and it
wouldn’t let me until I changed the stop to
be for just half my shares. Very time
consuming.
[08:49 am] apple : pls
[08:49 am] apple : tell us
[08:49 am] Brent : lol staz
[08:49 am] Brent : two standard ways
[08:49 am] Brent : you guys know how to
figure a target for the triangle breakout?
[08:49 am] myrontay : doesn’t hurt to hear
from an expert 🙂
[08:49 am] sonorant : I thought there were
platforms out there that were smart enough to
adjust the stop for you? Is this true?
[08:49 am] sonorant : NO
[08:49 am] staz : Call Cramer Brent?
[08:50 am] Brent : first is the widest point
of the triangle
[08:51 am] Brent : that’s a huge target, but
the second method is this
[08:51 am] staz : How did we get anything
accomplished prior to this new trading room?
I love seeing this
[08:52 am] Brent : second method is to draw
another trendline parallel to the lower
trendline of the triangle
[08:52 am] Brent : so that first method, I
took the widest point of the triangle and
moved it over to the breakout point
[08:53 am] apple : perfect, thx B
[08:53 am] Brent : make sense?
[08:53 am] Brent : not exactly parallel, but
you get the idea
[08:53 am] mhaus : yes
[08:53 am] mikewd2 -: yep
[08:53 am] myrontay : thank you brent
[08:53 am] staz : Thanks B
[08:53 am] staz : Zoro
[08:54 am] apple : I think I will take the
second target…
[08:54 am] junior : thank you Brent!!
[08:54 am] lara : Well, I’ll be happy if SPY
closes at 120 today!
[08:54 am] myrontay : that means we still
have a lot of upside? haha
[08:54 am] rusty : Brent = Zorro
[08:54 am] rusty : ty
[08:54 am] sonorant : Yes, and thanks. How
do they come up with this stuff? 😉
[08:55 am] mhaus : watching SHS
[08:55 am] rusty : “A chart is found next to
every shipwreck”
[08:55 am] rusty : just sayin
[08:56 am] apple : lol, very funny rusty
[08:56 am] Brent : lol
[08:56 am] rusty : nah just pissed that
steve wasn’t home when I went for his
promised steak and wine dinner
[08:56 am] staz : Rusty gettin’
philosophical
[08:57 am] aussie123 : A direct inverse
relationship between the VIXX and AAPL….
watch it…….
[08:57 am] junior : good one rusty
[08:57 am] rusty : what’s this world coming
too
[08:57 am] staz : Kinda like my trading used
to be before Bert, Kert and Mitch
[08:57 am] staz : Must have been bad charts
or bad usage of them
[08:57 am] staz : Now I am only somewhat
incompetent
[08:58 am] Brent : “it’s not what a trader
said he was going to do that’s important,
it’s what he actually did”
[08:58 am] Brent : Rusty, with steve it’s
like what Jesse Livermore used to say
[08:58 am] lisas : Mike, don’t tell
Mitch!
[08:58 am] mikewd2 -: dumped all my TNA –
hoping to buy back later today
[08:58 am] mikewd2 -: i know
[08:58 am] rusty : good point brent
[08:58 am] rusty : you8r only as good as
your last trade?
[08:58 am] staz : Mike you were supposed to
hold the line
[08:59 am] lisas : I added to TNA today, and
to UPRO
[09:00 am] candelas : how does saying go,
1st u don’t know that you don’t know, if u
get to 2nd its now you know that you don’t
know and 3rd.u don’t know that you know
[09:00 am] myrontay : is there a 3x bull ETF
for SPY?
[09:00 am] scalpman : sonorant…yes…you
do an OCO order
[09:00 am] sonorant : Asked a complicated
question before the lesson — think it got
lost. Testing out Trade Station today. Had
put a stop on my position. When I went to
cover half, it wouldn’t let me until I
reduced the stop. Very time consuming. Are
there any platforms that are smart enough to
adjust the stop for you?
[09:00 am] staz : Man you can’t trade with
that noise in your ear Vans
[09:00 am] vans : I dumped TNA at this
morning’s high and been day trading it. Wife
is furious, but am making better money
[09:01 am] apple : aristotle candelas – so
true
[09:01 am] mikewd2 -: i wanted to sell early
but didn’t, know hope i can get it back lower
sometime today
[09:01 am] myrontay : but TNA is for
russel2000
[09:01 am] rusty : TNA myron
[09:01 am] scalpman : Each fill of the limit
reduces the stop by the same amount
[09:01 am] scalpman : The OCO, allows you to
divide up the limit orders at various
prices.
[09:01 am] staz : Or a trailing stop
sonorant
[09:01 am] vans : Missed a couple, now she
is out tanning
[09:02 am] myrontay : thnx though rusty
[09:02 am] myrontay : yeah i know there’s
the SSO for double
[09:02 am] rusty : sorry SPY has only
doubles I believe
[09:02 am] scalpman : The OCO is configured
with the little three dot button …
[09:02 am] scalpman : To set the limits and
the stop..
[09:02 am] sonorant : Many thanks, scalpman
and staz. Will check it out.
[09:03 am] lisas : I mean sonorant
[09:03 am] lisas : Scalpman, mininim oco
batch is 100 shares, ie with 2 targets you
need to buy 200 shares
[09:03 am] scalpman : APKT breaking down
[09:03 am] scalpman : APKT needs to break
56
[09:03 am] scalpman : SH and SDS are
proshares 1x and 2x Short
[09:04 am] Brent : yes UPRO is correct
[09:04 am] myrontay : ah. thank you
[09:04 am] rusty : myron look at UPRO
[09:04 am] scalpman : APKT first target
55.71
[09:04 am] scalpman : yes…
[09:05 am] myrontay : so brent with this new
formation coming – considered a flag
continuation again?
[09:05 am] scalpman : .75
[09:05 am] sonorant : Thanks lisas, am
trading small shares, so that is good to
know
[09:06 am] vans : soda building for
something, down triangle?
[09:07 am] Brent : yes could be myrontay
[09:07 am] scalpman : DIE APKT!
[09:08 am] lisas : Sonorant, something I
have done to get around that is enter my
order in 2 batches, then move one of the
targets up, easy to do.
[09:08 am] myrontay : let’s hope so, my
portfolio is now full long
[09:09 am] lisas : ie I’m buying apple,
place two orders of 10 shares, slightly
different price, then you can see the targets
to move one higher
[09:10 am] apple : lol – i am not for
sale
[09:10 am] lisas : apple the company, not
apple the person, 🙂
[09:10 am] rusty : Im thinking we’re
actually in a huge trading range now with SP
12000 resistance and 11k – 11200 support
[09:10 am] scalpman : ..should leg down
[09:10 am] scalpman : APKT resis at 56
[09:10 am] scalpman : OUt 1/2 APKT S
[09:11 am] scalpman : APKT 55.21 next
target
[09:13 am] scalpman : APKT should continue
to drop…
[09:13 am] sonorant : lisas, I have usually
been buying in one lot, and then selling in
2-4, but that makes sense. The odd thing
is, that I have this vague feeling that while
I was “shopping around” the choices, someone
had advertised that they automatically
reduced the stop number of shares for you —
very clever. But I don’t know who, and
know I am wondering if I imagined it.
[09:13 am] sonorant : now I am
wondering..
[09:14 am] myrontay : i mean, brent lol
[09:14 am] myrontay : kris, looks like the
opposite happened…
[09:14 am] scalpman : OUt another 1/4 APKT
S
[09:14 am] scalpman : SODA now dropping
[09:15 am] mikewd2 -: slowly buying back my
TNA
[09:15 am] myrontay : but it’s dropping
[09:15 am] myrontay : sorry i meant brent –
i was saying how this might be a flag
continuation
[09:15 am] rusty : whew…correction to prev
post…. I’m thinking we’re actually in a
huge trading range now with SP 1200
resistance and 1100 – 1200 support
[09:15 am] scalpman : 47.66
[09:15 am] scalpman : dropping…
[09:15 am] scalpman : SODA S @ .66
[09:16 am] lisas : Sonorant, OCO’s do reduce
the number of shares when a target it is hit.
So if you bought 200, split the targets
50/50, then when target 1 is hit, your stop
market switches from 200 shares to 100
shares. (if I understand what you are looking
for?)
[09:16 am] myrontay : Kris nice call
[09:16 am] rusty :
http://my.jetscreenshot.com/demo/20110812-mgv
v-83kb.jpg something like this
[09:16 am] scalpman : APKT should leg down
more…maybe not…tighten stop
[09:17 am] scalpman : ..in the green
[09:17 am] scalpman : @ 55.99
[09:18 am] scalpman : Out 1/5 SODA
[09:19 am] scalpman : Out Even… sadly, I
have to go.
[09:20 am] scalpman : All out APKT on the
last 1/4
[09:20 am] scalpman : little vacation.
[09:20 am] scalpman : See you all in
week.
[09:21 am] Kris : mystery meat
[09:21 am] mikewd2 -: tigers coming back, was
123rd now 115th
[09:21 am] rusty : cya scalpman….stay away
from steve’s place…he not serving steak as
promised
[09:21 am] rusty : lol
[09:21 am] rusty : only thing that’s aging
is me
[09:21 am] scalpman : Iceland
[09:21 am] stevemld : lol have them aging
right now Rusty
[09:22 am] apple : really, good for for
you
[09:22 am] scalpman : BYE…thanks Kris and
Brent
[09:22 am] scalpman : I’m gonna see some
“ice”
[09:25 am] candelas : I’ve taken like 50
breaks today
[09:26 am] candelas : where is Gecko
[09:29 am] stevemld : reversed ZOLL needs
to break below 46.70 area to be legit
[09:30 am] apple : I asked yesterday – K
said he is on vacation
[09:31 am] apple : yeah, baby, let’s break
it!
[09:35 am] vans : If SPY hits 118.22, should
have nice up tick
[09:38 am] pow : nvda tanging
[09:38 am] vans : is this good long entry on
ZOLL
[09:39 am] vans : looks like may be forming
downside triangle on q min.
[09:40 am] vans : downside, 1 min
[09:41 am] mikewd2 -: have all my TNA back,
shaved 0.80 off my average
[09:41 am] mikewd2 -: now we can rally
[09:41 am] vans : Not yet, waiting for TNA
to hit 118
[09:42 am] rusty : lod
[09:42 am] rusty : MCP radar
[09:42 am] vans : SPY not tna, then back in
TNA
[09:43 am] mikewd2 -: Kris, are you looking
for 117.90 on SPY?
[09:43 am] stocknut : Should we expect a
selloff at the close now that we are close to
the weekend and there is still fear in the
market?
[09:46 am] stocknut : Appreciated your
input
[09:46 am] vans : stopped mcp
[09:47 am] vans : if it follows mcp we will
fall hard
[09:48 am] rusty : JVA radar
[09:49 am] lisas : good call on mcp rusty
[09:49 am] mikewd2 -: DDS coming back into
trading range, in/out 4 times today
[09:49 am] myrontay : broke
[09:49 am] myrontay : down
[09:49 am] myrontay : we go
[09:49 am] rusty : ty got lucky
[09:51 am] candelas : thought it was skill
rusty
[09:52 am] candelas : Im with u on that
[09:52 am] rusty : luck is showing up at
stevemld house and getting steak he
promised
[09:52 am] vans : SPY bounced perfectly off
118.22 am I phsy.. now the test
[09:55 am] Brent : didn’t know what to say
[09:55 am] Brent : I’m speechless vans
[09:55 am] candelas : wow Vans, way to go
[09:55 am] vans : Strange, no comments on
how I called it to the penny. on SPY
[09:56 am] Brent : actually it only hit
118.23
[09:56 am] candelas : I was typeless
[09:56 am] candelas : was that rain
[09:56 am] myrontay : lol
[09:56 am] rusty : great call vans
[09:56 am] vans : Even clapping
[09:56 am] vans : THanks, needed that for
confidence
[09:56 am] vans : You guys are great
[09:57 am] apple : i am ready
[09:57 am] aussie123 : Yeah VANS
[09:57 am] mikewd2 -: now give us the high
[09:57 am] rusty : go to steve’s house,
he’ll give u a steak
[09:58 am] rusty : lol
[09:59 am] vans : 118.63
[09:59 am] vans : 118.64 sorry
[10:00 am] Brent : lol
[10:00 am] Brent : miss calculated vans?
[10:00 am] mikewd2 -: i think there will be a
sell off, everyone on CNBC saying to trim
your holdings into the weekend
[10:00 am] vans : OH, is simple .42 cent
rule used by all trading computers
[10:01 am] Brent : even Candelas’ Trader
9000?
[10:01 am] candelas : those journalist love
giving calls
[10:01 am] mikewd2 -: that this volatility
isn’t over
[10:02 am] candelas : yep
[10:02 am] vans : OH, just joking, no one
take my numbers serious, Liability
[10:03 am] candelas : for every position I
take, I buy 1 share of insurance for the
other side
[10:03 am] myrontay : LOL
[10:04 am] candelas : confidence in reverse,
some call it hedging
[10:04 am] lisas : are you buying puts
candelas?
[10:04 am] myrontay : hahaha seems like the
SPY shot right thru the resistance
[10:05 am] Brent : A friend of mine does
something similar with the CL. He’ll do that
with the next contract out
[10:05 am] vans : Resistance is only a
warning to get ready, not a sell
[10:06 am] candelas : i thought it was like
edged in stone
[10:06 am] candelas : now u tell me Vans
[10:06 am] vans : if breaks up
[10:06 am] vans : next stop 119.06
[10:07 am] candelas : no Lisa, don’t trade
options as much anymore
[10:07 am] vans : Keep me laughing and I
will miss something
[10:08 am] apple : candelas – what is your
email address?
[10:08 am] candelas : I did trade options 1
day in june and made like 35k
[10:09 am] apple : thx
[10:09 am] candelas :
[email protected]
[10:09 am] lisas : 35 k sounds good, why did
you stop?
[10:10 am] apple : sounds fantastic to
me…
[10:10 am] Brent : lol
[10:10 am] candelas : I am more consistent
with stock
[10:10 am] candelas : Kris and I have
similar stories on options
[10:10 am] candelas : LOL
[10:10 am] Kris : amen
[10:10 am] Kris : been there done that
[10:10 am] Kris : cause the next day -70k
[10:10 am] lisas : I’m learning options more
now, not jumping in yet
[10:11 am] vans : options are unfair, like
stealing. I have had stocks sky rocket and
the options stay same, then sink when stocks
correct
[10:12 am] candelas : nice call on nvda
[10:12 am] vans : but I do have a CMG
option, waiting for $15 upside.
[10:13 am] mikewd2 -: 2013’s, almost no time
value when i bought on CSCO, HPQ and NOK
[10:13 am] mikewd2 -: and RIG
[10:13 am] mikewd2 -: i currently have Leaps
on GS, CSCO, HPQ and NOK
[10:14 am] lisas : Where you at the Las
Vegas seminar Mike, someone was asking about
leaps there. I’d never heard of them
before
[10:14 am] mhaus : for MCP
[10:14 am] mhaus : Kris, Brent, what do you
guys think Where do you see a bottom? Would
it be a good swing?
[10:14 am] mikewd2 -: no
[10:15 am] mhaus : I guess it already
turned
[10:15 am] mhaus : on MCP
[10:15 am] mikewd2 -: i also usually buy deep
in the money Leap calls, one reason for the
low time value
[10:15 am] vans : MCP could close gap to
54.9
[10:17 am] mhaus : but I was looking for a
good entry point for swing
[10:17 am] mhaus : ok. thanks
[10:18 am] mhaus : I am holding TNA at 43.68
for swing
[10:18 am] mhaus : ok. I guess forget MCP
for swing
[10:18 am] mhaus : thx
[10:20 am] candelas : regn
[10:21 am] myrontay : going to leave myself
net long
[10:21 am] myrontay : ok guys calling it a
night
[10:21 am] myrontay : thnx brent and kris
[10:22 am] mhaus : myrontay, have a good
weekend.
[10:22 am] myrontay : u2
[10:24 am] vans : thanks regn BRENT
[10:25 am] mikewd2 -: REG 56.25 s, covered
55.5 – nice one
[10:25 am] vans : have a gut feeling will
see TNA at 40 on monday
[10:26 am] observer : SLV near hod
[10:27 am] qwert : ok thanks kris
[10:27 am] qwert : Thanks Brent for regn
[10:28 am] mhaus : guys, give some credit to
candelas. She called it first.
[10:28 am] randall : nice bert; it slipped
right past my limit and I let it go. Where
did you fill? I tried at .14S
[10:28 am] vans : nflx looks ready to go
[10:29 am] lisas : Good call Edwina
[10:29 am] mhaus : Kris, you need to play a
song for her now.
[10:29 am] mikewd2 -: your right mhaus
[10:29 am] qwert : thanks candles didn’t see
you beat everyone to regn
[10:30 am] Brent : lol
[10:30 am] Brent : mhaus. Candelas is a
dude
[10:30 am] Brent : wow, Thanks Candelas
[10:30 am] pow : I missed the short on
MCP…..What do you guys do. Set alerts for
the move down?
[10:30 am] vans : Correct, didn’t see,
Congrats Candelas, Needed that profit
[10:31 am] mhaus : I probably will meet you
all in the next seminar and then get to know
you all.
[10:31 am] mhaus : sorry! song for him
[10:31 am] qwert : and has his own
restaurant in Coronado!
[10:32 am] candelas : no problem
[10:32 am] candelas : the more confirmation
the better
[10:32 am] lightning : REGN could become a
long soon
[10:33 am] Brent : you really own a
restaurant Candelas? what kind
[10:33 am] candelas : they stole my name
[10:33 am] candelas : u guys/gals are 2
funny
[10:33 am] Kris : lol
[10:33 am] mhaus : Chef is Steve
[10:33 am] mhaus : the one that serves
steaks.
[10:33 am] vans : Sucks, every week i start
trading well on Thur and Frid than the
weekend cools me off and I suck on M-Wed
again
[10:34 am] candelas : go too
[10:34 am] candelas : the one Kert and Qwert
goes too
[10:34 am] Kris : I set alerts all day pow
[10:35 am] rusty : hey steve, I’m having
lobster, filet and fois gras at my house in
Versailles. Fee free to come over tonite.
[10:36 am] mhaus : IDCC should be ready for
a small short soon
[10:46 am] randall : rusty: which
versailles? LA, Manhattan Beach, Miami?
[10:46 am] vans : cmg is amazing, the stock
moved up almost four dollars and my option
went up 10 cents. crooks
[10:48 am] mikewd2 -: what’s the strike price
and month?
[10:48 am] rusty : France
[10:49 am] mikewd2 -: must be way out of the
money call
[10:54 am] mhaus : YOKU on a slow climb
[10:59 am] mhaus : SPB
[11:01 am] vans : cmg strike sept 320
[11:07 am] joeytsa : you look at deltas
mike?
[11:07 am] mikewd2 -: that option seems
expensive
[11:07 am] mikewd2 -: vans that is why i buy
in the money calls, they will move closer to
the stock gains
[11:08 am] joeytsa : i stick with around an
75-80 delta when i buy in the money
options
[11:08 am] vans : crazy expensive, but
trusted MK intuition. went up $450 yesterday,
but flat today
[11:09 am] vans : Have a house balloon
coming due, need $15k in 30 days. Let me
know any possible good plays, thanks
[11:10 am] lisas : You bought the options
yesterday vans?
[11:10 am] mikewd2 -: go with joey to the
horse track!
[11:11 am] joeytsa : 🙂
[11:11 am] vans : shot that
[11:11 am] vans : spy forming up triangle
[11:12 am] mikewd2 -: wow
[11:12 am] stocknut : Here it comes the
selloff…nobody want to stay long, too much
fear in the market
[11:12 am] vans : nothing set in stone, ay
candelas
[11:13 am] stocknut : Does anyone know what
is going on? Any bad news?
[11:14 am] joeytsa : only bad news i see is
USPS wanting to cut 120k jobs
[11:14 am] lisas : volume at NYSE and NASDAQ
down 22 percent today. Friday afternoon, thin
market, may get crazy
[11:15 am] apple : or is it???
[11:15 am] vans : too early for end of day
sell off
[11:16 am] stocknut : Don’t know… this
market is too volatile…
[11:16 am] stocknut : I better stay aside
[11:16 am] vans : not taking TNA home to mom
this weekend
[11:17 am] apple : I am holding strong…
[11:17 am] joeytsa : VRUS on a nice run last
few days..think they announced a split
earlier in the week?
[11:17 am] stocknut : Me neither
[11:17 am] stocknut : unless it drops below
$40….
[11:19 am] mikewd2 -: GS testing lod
[11:21 am] joeytsa : if SPY falls i would
expect GS to fall along with it
[11:21 am] mikewd2 -: gs
[11:21 am] vans : Apple, I can’t afford to
stay so strong, my account is only 27k
[11:22 am] mikewd2 -: and you need to make
15K in 30 days?
[11:22 am] stocknut : Can you please share
your entry price in TNA?
[11:22 am] vans : made 8 % on account
yesterday, 500 today. working on it. wish me
luck
[11:23 am] mikewd2 -: u might need it
[11:23 am] rusty : vans – i gotta place you
can make 115k in few days
[11:23 am] stocknut : We all need it!
[11:23 am] vans : will, will need it.
[11:24 am] mikewd2 -: and trade it a couple
times more today – 45 to 45.8
[11:24 am] mikewd2 -: bought back at 45
[11:24 am] mikewd2 -: stocknut, my entry was
38’ish, but sold out at 46.03
[11:24 am] rusty : u got a ski mask?
[11:24 am] stocknut : Yeah, I got it at
39.76 and sold it at 45.32
[11:25 am] apple : rusty you are too much
[11:25 am] joeytsa : if you are looking to
get in at lower prices you can always sell a
cash-secured naked put…but i would only do
that on fundamentally strong stocks
[11:25 am] stocknut : EU
[11:25 am] stocknut : Planned to buy it back
but….. not Today, you don’t know what the
weekend can brig form the other side of the
Atlantic
[11:26 am] apple : lol mike – candelas
does…
[11:26 am] candelas : if one is name after u
does that count
[11:26 am] mikewd2 -: anyone own a
restaurant, they are usually easy to knock
off –
[11:26 am] mikewd2 -: naked puts that is
[11:26 am] mikewd2 -: yeah, joey i’ve done
well early in the year by selling puts
[11:27 am] joeytsa : i’m looking at a few
lower priced stocks to do it on..lots of
research to do this weekend
[11:27 am] mikewd2 -: there u go vans
[11:27 am] vans : will study your thoughts,
thanks for brain teaser
[11:28 am] rusty : selling puts was
particularly good on mega down days
[11:28 am] rusty : when premium high
[11:28 am] stocknut : Don’t like how the SPY
is acting….
[11:29 am] candelas : court rules against
obama care
[11:29 am] joeytsa : long-term i think there
are some profit areas, short-term things are
very volatile right now
[11:29 am] vans : very risky on days when
stocks pop up fast. prefer just puts so know
my risk
[11:30 am] apple : IDCC moving up nicely
[11:30 am] candelas : yes. have to be
careful selling naked
[11:30 am] joeytsa : i hear ya vans
[11:30 am] mikewd2 -: on naked sell puts you
want the stock to go up
[11:30 am] mikewd2 -: then buy the put
back
[11:31 am] joeytsa : unless you want to buy
it cheaper 🙂
[11:31 am] joeytsa : you get the stock
cheaper and you bring in some premium
[11:31 am] mikewd2 -: ah, i c
[11:31 am] mikewd2 -: understand, haven’t
done that before
[11:31 am] vans : SPB broke the
consolidation and scared me, missed entry. as
played TNA long instead.
[11:32 am] mikewd2 -: at least CSCO is
holding up, i have 125 January ’13 10
calls.
[11:32 am] mikewd2 -: at least on purpose,
i’ve inherited some of my puts
[11:33 am] joeytsa : big money grip 🙂
[11:33 am] mhaus : SPB in 23.57 out 23.80
[11:33 am] mikewd2 -: avg price is 14.50
[11:33 am] mikewd2 -: didn’t think it could
go lower once it hit 14
[11:33 am] vans : you have 125 contracts,
WOW
[11:34 am] mikewd2 -: bet
[11:34 am] mikewd2 -: only 50 cents time
value for 1.5 years not a bad bed
[11:34 am] vans : i have bought plenty of
stocks that I didn’t think could go lower,
still siiting on t hem after years
[11:35 am] joeytsa : take F ie…if you like
it here at $11, but not sure, you can sell
the 10puts..bring some premium, if it drops
then you get F at $10..not recommendation,
just mentioning an idea
[11:36 am] stocknut : SPY….
[11:36 am] vans : platform freeze up,
dang
[11:38 am] mikewd2 -: CIS at all time low,
any news?
[11:40 am] candelas : any major difference
in esignal 10.6 and 11
[11:41 am] Brent : nothing major candelas
that I’ve noticed
[11:41 am] joeytsa : mike..not seeing any
news on CIS
[11:41 am] mikewd2 -: i read that you
couldn’t use 11 with lightspeed is that
true????
[11:41 am] vans : good entry for small tna
weekend entry, i hope
[11:42 am] candelas : thx,
[11:42 am] mberl1 : hey guys question, what
trading platform do you think is best?
[11:42 am] mikewd2 -: i hope so vans
[11:42 am] stocknut : in TNA
[11:42 am] stocknut : What is your entry
Vans?
[11:42 am] vans : NOT GXTrader
[11:43 am] mhaus : mberl1, check the
documents section
[11:43 am] mikewd2 -: kris, did you post the
poll on each traders trading
platform?>
[11:43 am] vans : 44.12
[11:44 am] mberl1 : i will sorry new to TSA,
where is that
[11:44 am] mhaus : a very common question. i
had asked the same
[11:44 am] mikewd2 -: bottom right of the
window
[11:44 am] vans : will sell TNA again if
rises sharply
[11:45 am] Brent : mberl, in the “documents”
folder in the lower right of the trading room
has a document of recommended
brokers/platforms
[11:45 am] joeytsa : bird in hand= messy
hand 🙂
[11:45 am] mberl1 : ty
[11:45 am] mikewd2 -: CIS getting ready for a
bounce?
[11:45 am] vans : hey, if it clucks like a
chicken
[11:45 am] vans : prefer bird in hand then
unknown weekend
[11:46 am] joeytsa : IDCC hod
[11:46 am] mberl1 : i have been looking at
Interactive brokers any opinion on that one
Brent?
[11:46 am] mberl1 : looking now
[11:46 am] mikewd2 -: missed CIS, not going
to chase
[11:47 am] mikewd2 -: your cleaning up vans
on TNA
[11:50 am] vans : sold tna at resistance,
CLUK CLUK
[11:51 am] joeytsa : good job
[11:51 am] lisas : Given your situation
vans, a bird in the hand is a sound trading
plan
[11:51 am] vans : HEY, 15k need to be a
sniper
[11:51 am] vans : unfortunately, they wont
let me sell short the SPY or TNA today.
[11:52 am] candelas : what’s the best way to
get AD strategies over to esignal in new
computer?
[11:52 am] lightning : you can go long TZA
(the inverse of TNA)
[11:53 am] Brent : his efs formulas
candelas?
[11:53 am] candelas : yes
[11:54 am] apple : welcome back, K – you
didn’t miss anything…
[11:54 am] Brent : If you go to “my
computer”
[11:54 am] Brent : then Program files (x86),
then Esignal, then formulas, the folder is in
there
[11:54 am] Brent : you probably created a
folder called ADM Strategies.
[11:55 am] Brent : I would drag that folder
onto a flash drive, then transfer it over to
the same location on your new computer
[11:55 am] candelas : ok thx
[11:56 am] joeytsa : SSO is the ultra
s&p500
[11:56 am] joeytsa : vans…SDS is the
ultra-short s&p500
[11:56 am] vans : lightning, thanks for TZA
idea, will check now
[11:57 am] lightning : Vans, nearly all the
leveraged ETFs have an inverse available.
[11:58 am] joeytsa : hahaha
[11:58 am] sonorant : a very simple
[11:58 am] sonorant : lisas, just tried and
very simple OCO order — for starters, much
simpler than trying to place and a separate
stop. And I can see there are lots of
options. Will keep exploring. Thanks.
[11:58 am] vans : Hey, thanks for TZA,
works
[11:58 am] vans : now I can lose money in
both directions
[11:59 am] sonorant : Well, it made no
sense, but hopefully you get the drift.
[12:00 pm] joeytsa : lisas…where will you
open your new futures account?
[12:00 pm] lisas : sonorant, are you trading
sim for now? Good idea until you learn the
system. They have good vidoes to learn the
system at support. ( I am still transferring
my futures $ out, will keep them for stocks
for now)
[12:00 pm] mikewd2 -: LO
[12:01 pm] lisas : joeytsa, I’m looking at
one cadelas recommended. I also already have
an account at infinity that is auto traded
[12:01 pm] lisas : They have videos on
demand and live classes. Look under support
tab on main website
[12:01 pm] sonorant : Yes, sim only for now.
And I have found the videos — done a couple
already this morning. Still not wedded to
Trade Station, but may end up there.
thanks.
[12:02 pm] joeytsa : gotya
[12:02 pm] lisas : so may be easiest to add
second account there
[12:03 pm] joeytsa : i have accounts set up
with 4 different places…thinking about
consolidating eventually
[12:03 pm] lisas : good sign that market is
ticking up at bond pit close, will be
interesting to see if it continues
[12:03 pm] lisas : which ones are you using?
Are these all futures, or stocks or both?
[12:03 pm] mhaus : lisas, what are you using
for an autotrader?
[12:04 pm] joeytsa : LS,CS,opX and trade pro
futures
[12:04 pm] sonorant : Are you folks using
more than one computer?
[12:05 pm] joeytsa : each one offers
something a bit different for me
[12:05 pm] lisas : mhaus, email me
[email protected], have to take a phone call
right now
[12:10 pm] lightning : sonorant, I currently
use 2 computers….one for trading/charts,
and one for all other purposes (trading
room/internet/etc.)
[12:13 pm] sonorant : Thanks. I have two
going now too, but don’t know if it is the
most efficient way to do it.
[12:14 pm] junior : IOC
[12:14 pm] qwert : brent or kris is there a
way to have a chart load for you
automatically on e-signal when an alert is
hit?
[12:15 pm] Brent : Not that I have found
qwert
[12:15 pm] mikewd2 -: that would be cool
qwert
[12:16 pm] qwert : when my alerts are hit i
have to click on a chart just to see which
one it is , is that the way yours is
setup?
[12:17 pm] joeytsa : vans…another
leveraged etf you might check out is
UWM…ultra Russell2000
[12:17 pm] mikewd2 -: u do anything with IOC
junior?
[12:20 pm] joeytsa : makes total sense
[12:20 pm] vans : Thanks for Idea, but need
to get focused on one etf and learn to feel
the vibes. not to get to many pans on the
fire and lose track of all of them. Thanks
for thoughts though
[12:21 pm] joeytsa : start as a specialist
first, then become a shephard, finally a
surfer
[12:22 pm] randall : now this is a flat
market!
[12:23 pm] stocknut : Let’s see what
happens
[12:23 pm] stocknut : The selloff yesterday
started at 3:45PM ET
[12:24 pm] vans : yes, fly baby
[12:26 pm] vans : ate too much roughage
[12:27 pm] rusty : at least u ate, try going
to Steve’s house for his promised steak
[12:27 pm] rusty : VIX is hammering
today…. volatility aint over yet
[12:29 pm] vans : bby soon, may bounce if
get more drop
[12:31 pm] apple : I have to go – thx K and
B and everyone – have a wonderful weekend
[12:33 pm] stocknut : Again, today started
10min earlier
[12:33 pm] stocknut : Let’s see how it
goes
[12:36 pm] joeytsa : time to run..have a
great weekend everyone, see you monday
morning
[12:38 pm] joeytsa : have a good one
Kris…might have to meet up at del mar one
day
[12:39 pm] vans : OK, I need to learn to
make longer trades, instead of the very
stressful sniper approach. Can I get
guidance into the charts to use. look at the
1day, 1 hour, 15 min, and buy on the 1
min?
[12:40 pm] qwert : do you pick the prettiest
one kris?
[12:41 pm] rusty : if u want longer trades
forget the one minute chart
[12:42 pm] Brent : lol
[12:42 pm] lisas : Guess I came back at the
right time, Kris is talking krap again!
lol
[12:42 pm] mikewd2 -: i pick the gray horses,
they always screw my bets up
[12:42 pm] qwert : lol
[12:42 pm] sonorant : Brent and Kris, one
last question. Just brought up my Lightspeed
Demo, and my sense is that it is VERY
different from the TradeStation that I have
been working with for the last few days. For
one thing, no confirmation step on the
trades. So quicker. In your experience,
does this make a difference?
[12:42 pm] staz : Feed the competition some
beano
[12:42 pm] staz : or cheese
[12:43 pm] Brent : you can set up a
confirmation I think. I always used it
without, it was much faster
[12:43 pm] lisas : sonorant, lightspeed is
probably great, but you can turn off the
trade confirmation in TS. Not that I’m happy
with them right now remember.
[12:44 pm] qwert : even etrade allows it
[12:44 pm] rusty : HHC radar – not ideal
setup of time tho
[12:44 pm] rusty : so just observing
[12:44 pm] sonorant : Oh, good information
everyone. Thanks. Lisas — do you have the
confirmation turned off?
[12:45 pm] lisas : Oh yes, takes way too
much time. You can set it to confirm based on
trade size, dollar amount, just in case you
make a typo in your order to buy a million
shares
[12:46 pm] candelas : exactly
[12:46 pm] Kris : that’s a good point lisas.
You don’t want to get candelashed.
[12:46 pm] lisas : Just go to “file” then
order preference, or right click top of order
matrix
[12:46 pm] mhaus : Lisas, have sent you an
email.
[12:47 pm] lisas : Just trying to answer it,
will probably watch market close then
finish
[12:47 pm] mhaus : anytime. not in a
hurry.
[12:47 pm] sonorant : lisas, thanks
[12:49 pm] sonorant : And Brent, is it
possible to do all the fancy conditional
trads on LightSpeed that you can do on Trade
Station. (And eventually I will quit driving
everyone crazy.)
[12:50 pm] Brent : your fine sonorant
[12:50 pm] sonorant : trades
[12:51 pm] Brent : You can set up hot
buttons, but you can’t get do the fancy stuff
like OCO’s and stuff
[12:51 pm] sonorant : okay, thanks.
[12:52 pm] Brent : well done vans
[12:52 pm] candelas : stay in the zone
Vans
[12:52 pm] lisas : great job vans.
[12:52 pm] sonorant : So, today I learned
how to place an order to buy and a stop to
sell both at the same time on Trade station.
I take it I can’t do that in LIght Speed.
What about your Ninja T?
[12:52 pm] stocknut : Good job Vans
[12:52 pm] vans : $2500 in two days, just
over 10% account growth. Need to keep it
up
[12:52 pm] vans : Thanks for all your help
people, and ideas
[12:53 pm] Brent : lightspeed you have to
enter separately
[12:53 pm] lisas : Once my swing in TNA has
hit target, I’m going to look at daytrading
it more.
[12:53 pm] mhaus : Ninja allows that
[12:53 pm] mhaus : you set order type to
oco
[12:53 pm] observer : way to go, vans
[12:53 pm] sonorant : I wish I had done that
in my sim accounts!
[12:54 pm] mhaus : yes
[12:54 pm] mhaus : you can save it as a
template
[12:54 pm] qwert : lisas- what is your tgt
for tna?
[12:54 pm] rusty : BKX lod
[12:54 pm] sonorant : Thanks mhaus — so it
makes it faster, yes?
[12:54 pm] vans : I credit MK for telling us
to stay strong, it worked yesterday
[12:55 pm] sonorant : Maybe we will all be
up $2500 by next Friday if the TNA is strong
next week.
[12:56 pm] mhaus : I had a good week thanks
to AGQ and TQQQ.
[12:57 pm] mhaus : This week I am betting on
TNA
[12:57 pm] mhaus : will carry it over the
weekend
[12:58 pm] candelas : alright take care
[12:58 pm] lisas : qwert. I will follow
Mitch’s guidance, but I’m hoping to hit the
mid 60’s
[12:58 pm] mikewd2 -: carrying over TNA and
ZSL
[12:58 pm] observer : Take care, Brent
[12:58 pm] qwert : you to brent
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