[06:22 am] Brent : good morning
[06:24 am] Kris : Good Morning Traders
[06:24 am] Kris : This morning I’m watching
GMCR, SO, VRUS, ULTA, ALGN, SWFT, MDVN and
ISIL as possible longs
[06:25 am] Kris : ALV, ITT, LUV, SLXP, ITMN,
QGEN and STD as possible shorts
[06:30 am] Kris : GMCR long
[06:31 am] Kris : CMA long half
[06:31 am] Kris : SINA long
[06:32 am] Kris : APKT long half
[06:33 am] Kris : out half CMA long
[06:33 am] Kris : out half SINA long
[06:34 am] Kris : out half APKT long
[06:34 am] Kris : out half GMCR long
[06:35 am] Kris : JVA long half
[06:36 am] Kris : out another 1/4 JVA long
[06:36 am] Kris : out half JVA long
[06:36 am] Kris : SNDK long half
[06:37 am] Kris : NTAP long half
[06:37 am] Kris : out another 1/4 GMCR
long
[06:38 am] Brent : watching SVM for a
bounce
[06:38 am] Kris : see if SPY can find some
support here
[06:40 am] Kris : long second half SNDK
[06:42 am] Kris : GMCR trying to push to new
hod[06:42 am] Kris : long second half NTAP
[06:43 am] Kris : getting a little buying
coming in here. nothing too impressive
yet.
[06:45 am] Kris : SWI short half
[06:46 am] Kris : now we’re getting some
buyers
[06:46 am] Kris : yes, stop is at 39.84
SNDK
[06:47 am] Brent : consider reducing SVM
[06:47 am] Kris : EXPE long half
[06:48 am] Kris : CMI long half
[06:49 am] Kris :: FFIV long half
[06:49 am] Kris : SPY coming up to test hod
resistance
[06:50 am] Kris :: FNSR long half
[06:51 am] Kris :: see if we can get a push
to new highs
[06:51 am] Kris : SPY at hod[06:52 am] Kris :
: LMT long half
[06:54 am] Kris :: GWW long half
[06:54 am] Kris : SPY pulling back from new
hod, still seeing some buyers here
[06:55 am] Kris : I’ll take some off SNDK at
40.56, then see if we can get a push to new
hod.
[06:55 am] Kris : out half FNSR long
[06:55 am] Kris: SPY new hod[06:57 am] Kris
COF long half
[06:58 am] Kris : Kris : out half EXPE
long
[06:58 am] Kris : out half GWW long
[07:00 am] Kris : not moving up like I wanted
it to
[07:00 am] Kris : out half SNDK long
[07:00 am] Kris : SPY resistance around
118
[07:03 am] Kris : BBY short half
[07:05 am] Kris : ARUN long half
[07:06 am] Kris : starting to look for a long
in TZA soon
[07:06 am] Kris : will start to watch for a
pullback before taking any more longs
here.
[07:07 am] Kris : FFIV consolidating, looking
for a new hod breakout
[07:07 am] Kris : SPY getting closer to 118
resistance
[07:08 am] Kris : out all EXPE long
[07:08 am] Kris : out another 1/4 GWW long
[07:08 am] Kris : out another 1/4 SNDK
long
[07:09 am] Kris : watching COF here
[07:10 am] Kris : looking for new low in
BBY
[07:11 am] Kris : gonna start looking to get
tighter on my remaining longs
[07:11 am] Kris : out all SNDK
[07:11 am] Kris : watching TZA, getting
closer
[07:12 am] Kris ; will watch CLNE for some
consolidation and then a possible long in
about 10 to 15 minutes
[07:14 am] Kris : TZA long half
[07:15 am] Kris : GG short half
[07:16 am] Kris : getting more green coming
across the board, watch that trendline
resistance.
[07:16 am] Kris : LNKD long
[07:17 am] Kris : buyers are not backing down
yet
[07:18 am] Kris : out half TZA, reducing
here
[07:19 am] Kris : looking for new hod in
LNKD
[07:19 am] Kris : out half LNKD long
[07:19 am] Kris : yes, I’m still long ARUN
[07:20 am] Kris : GO GO GO LNKD
[07:20 am] Kris : LNKD gave me
traderbumps[07:21 am] Kris : BBY breaking new
lod[07:21 am] Kris : look to get a little
tighter on it at least
[07:21 am] Kris : SPY starting to come into
support here. reduce or close TZA long
[07:22 am] Kris : CVLT long half
[07:22 am] Kris : GG new lod[07:23 am] Kris :
FSLR long half
[07:24 am] Kris : MAN long half
[07:25 am] Kris : see if we can retest hod on
SPY
[07:25 am] Kris : SPY trying to bounce
[07:26 am] Brent : good eye on MPC Candelas,
nice bounce off support
[07:26 am] Kris : long second half ARUN
[07:28 am] Kris : CREE long half
[07:29 am] Kris : PANL long
[07:30 am] Kris : out half GG short
[07:31 am] Kris : out half CVLT long
[07:34 am] Kris : ATHN long half
[07:39 am] Brent : SVM tanking
[07:45 am] Kris : FSLR pushing hod[07:45 am]
Kris : SPY trying to put in a bottom here,
watch overhead trendline resistance
[07:49 am] Kris : PANL breaking out again
[07:52 am] Kris : SPY just failed that
trendline resistance
[08:21 am] Kris : I don’t see much in PNC
here
[08:22 am] Brent : SPY testing trendline
support
[08:37 am] Brent : ACOM late to see
[08:38 am] Brent : SPY testing resistance
here
[09:00 am] Brent : We’ll also show you how to
find them with scanners, and how to manage
the trade in each strategy, etc[09:00 am]
Brent : yes garyb. The three strategies Kris
and I are teaching are the ones we use
everyday
[10:10 am] Brent : UAL at hod[10:47 am] Brent
: SPY looking to test hod[10:47 am] Brent :
welcome to the room Rawdawg[11:23 am] Kris :
TNA could be a good trade to the long side
for a breakout
[11:23 am] Kris : watch the SPY for a
breakout long here
[11:32 am] Kris : careful trying to long TZA
here, you have some strong overhead
resistance
[11:32 am] Kris : you got it doji[11:53 am]
Brent : have a good night rawdawg[11:54 am]
Brent : we will say “watching” or “alert” if
we are entering right away
[11:55 am] Brent : I mean aren’t entering
[12:11 pm] Brent : GNK alert
[12:12 pm] Brent : resistance at 9.60 area on
GNK
[12:19 pm] Kris : I have to head out a little
early today. Great job today everyone.
[12:19 pm] Kris : see you all tomorrow
morning.
[12:22 pm] Brent : consider reducing GNK if
you found shares to short.
[12:22 pm] Brent : next target is 9.20 area
on GNK
[12:25 pm] Brent : did anyone get any shares
on GNK? next target $9.02 area
[12:26 pm] Brent : lol, I knew it
[01:00 pm] Brent : Have a great night
everyone. Good job today, see you in the
morning
[07:47 am] mikewd2 -: 0.60 on TNA, 30 on TZA
– my computer hung up on one of them [07:47
am] mikewd2 -: 0.30 on TZA
[07:48 am] garyb : good going mike…good
for me…caught the big move on TNA
[07:49 am] mhaus : PANL
[07:49 am] anthonyb : enjoy the rest of your
day everybody. See you all tomorrow [07:49
am] Brent : take care anthonyb[07:53 am]
swingtrader : nice call Mike
[07:53 am] swingtrader : Mike here your SWI
turning over
[07:53 am] mikewd2 -: didn’t get in
[07:53 am] doji : SPY at support at 117
[07:54 am] swingtrader : who amde the call
on SWI ?
[07:56 am] mikewd2 -: i liked it, but didn’t
get in
[07:56 am] lightning : had stepped away, yes
I took SWI for the ride down.
[07:56 am] mikewd2 -: i thought it might make
it down to 22.2
[07:58 am] swingtrader : i killed it with a
basuca to make sure it dies lol
[08:00 am] swingtrader : good Job Lightning
..
[08:05 am] storage : Kris is like the
triangle you showed us on spy 8/12
[08:08 am] stevemld : PANL nice trade
Kris
[08:10 am] swingtrader : watch PNC
[08:12 am] storage : thanks for panl[08:15
am] swingtrader : PNC long 49.10
[08:16 am] swingtrader : stp 48.96
[08:18 am] sonorant : Kris, is PNC
tradeable?
[08:19 am] swingtrader : is trading at 48.90
didn’t work
[08:20 am] doji : SPY is in a downtrend
channel sine 10:15 this morning
[08:20 am] goodtimes : i took it short at
49.05
[08:22 am] sonorant : Thanks Kris
[08:23 am] rusty : BBY radar
[08:25 am] doji : SPY at trendline
support
[08:26 am] doji : SPY broke trendline[08:29
am] ronfrac : TNA may be bottoming
[08:29 am] ronfrac : tgt breaking out
[08:30 am] qwert : Brent- can you show how
to adjust the thickness of your trendline on
esignal.
[08:30 am] Brent : sure
[08:30 am] Brent : man Alfred Little had
quite an impact on SVM. Same as with PUDA
[08:31 am] qwert : awesome thanks
[08:31 am] Brent : then select Edit
[08:31 am] Brent : right click on the
trendline[08:31 am] Brent : cool
[08:33 am] swingtrader : what trade on SWI
wow
[08:33 am] qwert : i just figured that part
out thanks again
[08:33 am] Brent : you can click on
“defaults” in the edit window like I just
did, so you don’t have to change the
thickness every time
[08:35 am] sonorant : Is SVM really
turning?
[08:37 am] ronfrac : TNA breaking above
downtrend line `1 min
[08:38 am] rusty : Muddy Waters claims he is
also short SVM
[08:38 am] ronfrac : also 2 min
[08:39 am] ronfrac : RUT breaking above 15
min downtrends line
[08:40 am] ronfrac : TYNA at resistance
[08:41 am] garyb : come on…in the words of
the “doors”…break on through to the other
side!
[08:43 am] ronfrac : TNA 30 min Day above
day downtrend line
[08:43 am] doji : Is anyone still in ARUN
Long?
[08:46 am] mhaus : Microsoft Mouse Without
Borders for PC:
http://blogs.technet.com/b/next/archive/2011/
09/09/microsoft-garage-download-mouse-without
-borders.aspx
[08:46 am] mhaus : Control multiple desktops
without any extra hardware
[08:52 am] rusty : ofc MSFT introduces that
after multiple other companies have it
[08:54 am] candelas : watching ACOM
[08:55 am] swingtrader : ACOM long or
short
[08:55 am] garyb : Hey Kris &
Brent…..I’m looking forward to your
seminars! Do you use the technique that you
will teach on a daily basis?
[08:57 am] mhaus : I want to try this over
VPN and see if I can control the computers
connected over VPN too.
[08:57 am] candelas : it’s been a short, but
watching for potential long
[08:57 am] candelas : advanced trade
[08:58 am] sonorant : Yes — 10 share trade
🙂
[08:59 am] rusty : I’ve been using this one
for a while works pretty well
http://synergy-foss.org/
[08:59 am] ronfrac : higher hi on TNA
[09:00 am] mhaus : Rusty, does it work over
VPN?
[09:00 am] garyb : That’s great!
[09:01 am] qwert : -1200 on ticks
[09:01 am] garyb : I look forward to that
Brent!
[09:01 am] dan : if we miss one of them,
what should we do? Brent
[09:02 am] rusty : mhaus, i haven’t tried
over VPN but supposedly does
[09:02 am] Brent : they will be available to
view for anyone that signed up for a minimum
of 90 days after the live event
[09:03 am] sonorant : candles, are you ACOM
long now?
[09:03 am] doji : Stopper ARUN….looser!
[09:05 am] dan : are there still seats left
Brent?
[09:06 am] dan : yes Brent
[09:06 am] Brent : yes dan, you need the
link?
[09:08 am] Brent : you can click on the
bottom to register
[09:08 am] Brent :
http://www.tradestocksamerica.com/webinar.php
[09:14 am] ronfrac : Go TNA
[09:14 am] mikewd2 -: asking for 41.2
[09:14 am] candelas : i am from 27.09
[09:15 am] mikewd2 -: push
[09:15 am] mhaus : ATHN
[09:16 am] sonorant : first or second time
it hit 27.09?
[09:17 am] mhaus : 8 of 8 positive. Done for
the day. SIM mode from here.
[09:17 am] candelas : added both times
[09:18 am] doji : What were your trades
mhaus?
[09:19 am] qwert : candles did you have your
stop below 26.60
[09:19 am] mhaus : SNDK, TZA, NTAP, EXPE,
TNA, MOS and MON
[09:19 am] candelas : out 3/4 acom .81
[09:20 am] mhaus : TNA 2 trades
[09:20 am] candelas : 26.83
[09:22 am] pow : KRIS, all out of TH
[09:22 am] pow : ATHN
[09:23 am] mhaus : EZCH short?
[09:24 am] sonorant : wow, generous stop. I
got stopped out the first time, and didn’t
get in as low as you did the second. But I
did make $$.
[09:24 am] candelas : just .08 below the
lod[09:25 am] mikewd2 -: s 35.1
[09:26 am] rusty : PANL hod radar
[09:27 am] lightning : I’ve got to go for
the day. Visitors coming in later, so need
to get ready. Great half-day. Hope the last
half is great for all.
[09:30 am] mikewd2 -: small profit on EZCH,
got stopped
[09:30 am] doji : What a good mistake!
[09:30 am] doji : I played TZA from 45.95 to
46.39 without knowing that I placed twice the
size I usually trade!….
[09:31 am] swingtrader : Candelas question
how is that Proptrading works ..
[09:31 am] ronfrac : Re TNA 15 min SRTOV
just crossed up and 30 min on brink
[09:31 am] joeytsa : if it was a REAL
mistake, you would have had 5 times the
amount haha[09:32 am] mhaus : He needs to
pass the Series 56 exam to continue as a prop
trader
[09:32 am] apple : swing, candelas left the
room for a while
[09:33 am] swingtrader : oh .. 56 is a
security exam ..oh
[09:34 am] swingtrader : just wondering what
is the different between having A prop
account Vs a regular account
[09:34 am] mhaus : yes, new rule went into
effect Sept1
[09:35 am] swingtrader : wow they are
regulated too.. oh my ..
[09:35 am] mhaus : the commissions are far
less, the firm takes a cut and your margin
limit is HUGE
[09:35 am] mhaus : Prop account, you are
considered as a professional trader
[09:36 am] doji : My last trade was ARUN but
when I placed my order for TZA I forgot to
change the number of shares as I was putting
all my attention to the stochastics[09:37 am]
doji : If you keep the total trade value,
your order for TZA shoubd be at least half of
your order of ARUN
[09:38 am] swingtrader : takes a cut from
the trades ..oh boy .. not bad just curious
jut to put 100k they will give you how much
in buying power
[09:38 am] mhaus : Day Ttade margins is
usually 20:1 and swing is 4:1 to 8:1,
depending on your track record.
[09:38 am] doji : That is what happened…
will be more careful now
[09:39 am] swingtrader : well i meant the
leverage to ratio
[09:39 am] swingtrader : 20 to one wow is
like trading forex ..
[09:39 am] mhaus : Swing, another rule you
need to be aware about – You cannot withdraw
your capital for a year weather you trade or
not
[09:40 am] swingtrader : if my math is
correct they will give you 2mm to trade
[09:40 am] mhaus : you can withdraw profits
only
[09:41 am] swingtrader : profit only hmmm ..
so is better to put little money like 10k
forget it ..then thank you mahaus helping me
analyze it
[09:41 am] mhaus : with a 20:1 margin, you
can wipe out 100K veeeery soooon[09:42 am]
sonorant : Sounds like you have to be really
solid to attempt that.
[09:42 am] mhaus : Also, you have to think
about your data fees. The data fees for
professional traders usually is $250 per
month
[09:43 am] swingtrader : no way ..trade
station is free ..mhaus you were going to
tell me a story about trade station if i
remember
[09:44 am] mhaus : I just got my trade
station account funded. It was a long
process. They send you paperwork by snail
mail
[09:45 am] swingtrader : mail ..did you deal
with Bryant by any chance
[09:45 am] mhaus : I got the platform and
radar screen for free for the life of the
account.
[09:45 am] mhaus : Also, in trade station,
data fees apply
[09:46 am] swingtrader : small i pay 20
dollar a month
[09:46 am] mhaus : no, John Nabb[09:47 am]
mhaus : I have a one-to-one training this
Friday. One session free.
[09:47 am] dm : hello, this was recommended
by a friend of mine in case you all r
interested in a longer term WPRT
[09:49 am] swingtrader : you can write your
own strategy
[09:49 am] swingtrader : yes wow you are
going to be flying big guy that is a nice
one
[09:49 am] mikewd2 -: come on TNA give me
41.20
[09:49 am] mhaus : I am doing that with
Ninja trader 7, but looks like TS is
easier
[09:49 am] mhaus : after that I will start
attending their seminars. I also took it for
their easy language programing
[09:49 am] joeytsa : msn headline: TSA
agents busted…what the heck did you do no
Kris and Brent hahaha[09:53 am] sonorant :
mhaus, I am confused — you are switching to
Trade Station — and what platform have you
been using?
[09:55 am] monster : you guys have any
teaching video on your trade in term of
setup
[09:55 am] doji : TZA
[09:56 am] rusty :
AZO
[09:57 am] terry : check the news for pzg
.should be a good swing
[09:57 am] doji : PANL
[10:02 am] mhaus : ATHN
[10:05 am] topdogrex : anyone short in
PANL
[10:06 am] sonorant : I shorted PANL and got
out — my 10 share practice strategy
[10:06 am] candelas : nice call Panl, could
not get price
[10:07 am] sonorant : so mhaus — the
thinking on ATHN is long because it broke
through resistance??
[10:07 am] doji : Do you actually trade only
10 shares sonorant?
[10:08 am] sonorant : Doji, I am on sim, and
was trading 100 shares on the tricky trades.
Mitch yelled at me for not being more
careful, even though I was just sim. So I
said I wanted to practice, but would just do
10 shares on the trades that look harder.
[10:08 am] mhaus : it was. Also, looking for
short
[10:11 am] doji : The one side on SIM I
don’t like is that you always get filled but
it is a must-do if you want to be consistent
with your trades
[10:12 am] sonorant : Doji, on ninja trader
sim you do not always get filled. Many
times I miss a trade.
[10:18 am] rusty : RIMM article in Forbes
just out – $41 target
[10:18 am] rusty : 43 target
[10:21 am] sonorant : RIMM hasn’t been that
high since May
[10:21 am] rusty : PNSN new lows
[10:23 am] sonorant : Brent, what was the
thinking on UAL? To go long since it was on
an uptrend? To go short since it had been
going up for quite a while?
[10:23 am] rusty : whole airline sector
strong today
[10:23 am] rusty : from oversold level
[10:24 am] rusty : WLT
http://www.ft.com/intl/cms/s/d435ce18-dd4f-11
e0-9dac-00144feabdc0,Authorised=false.html?_i
_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2
F0%2Fd435ce18-dd4f-11e0-9dac-00144feabdc0.htm
l&_i_referer=
[10:24 am] mikewd2 -: WLT really bouncing
[10:24 am] Brent : I was thinking long side
on that sonorant, but I didn’t trade it
[10:25 am] sonorant : Now it looks like a
short. So why didn’t you go in?
[10:25 am] sonorant : I traded it long very
briefly, and got out.
[10:26 am] terry : pzg going nuts
[10:26 am] Brent : I’m very picky this time
of day sonorant. I usually only trade
something if news related or a fast mover
with lots of volume when things slow down
[10:27 am] mhaus : Brent, what do you use
for scanning and what are the parameters you
scan for?
[10:27 am] joeytsa : waiting for that
fastball
[10:27 am] candelas : da discipline of
Brent
[10:27 am] Brent : I’m very content just
scanning and waiting.
[10:28 am] swingtrader : Brent would yu
short UA
[10:28 am] Brent : High and inside
Joeytsa[10:28 am] Brent : don’t like it as a
short here swingtrader[10:28 am] apple : B
is a very wise man, indeed
[10:29 am] Brent : Itrader[10:29 am] Brent :
I mean
[10:30 am] sonorant : Okay, Brent, so why
not a short on WLT?
[10:30 am] mikewd2 -: WLT L
[10:31 am] sonorant : Okay, so mike, why
long?
[10:31 am] mikewd2 -: liking those long tails
on the bottom
[10:32 am] swingtrader : what about I I like
to trade .com
[10:32 am] mikewd2 -: and because i went long
at 85.25
[10:32 am] mhaus : Brent, what platform you
use for scanning? I don’t think Ninja Trader
has a scanner capability.
[10:33 am] mikewd2 -: Brent any thoughts on
WLT
[10:34 am] swingtrader : I love to buy some
gold in Brazil
[10:34 am] swingtrader : Brazial 18g gold
[10:35 am] mikewd2 -: looking for 85.85
[10:35 am] Brent : I’m watching it mikewd2,
but no thoughts on it right now. if you’re
long first resistance is here,
[10:37 am] sonorant : I was looking for just
under that, but it didn’t take it and then I
got stopped out on the way down.
[10:38 am] swingtrader : Brent how you SVM
as a short here
[10:38 am] sonorant : Oh, and down we go.
Mike you are trading real $, aren’t you?
[10:38 am] mikewd2 -: yes real $$
[10:38 am] mikewd2 -: i hit, it went to
85.98?
[10:39 am] observer : GLD hod[10:39 am]
mikewd2 -: i had a sell at 85.85, did you
have a stop in?
[10:39 am] Brent : don’t care for it Itacher,
it’s not moving.
[10:39 am] Brent : did you fill mikewd?
[10:40 am] sonorant : It went right by my
target a couple of times and stopped out
above my entry price — this is ninja
sim[10:40 am] mikewd2 -: played WLT four
times yesterday
[10:40 am] mikewd2 -: looking to go in
again
[10:40 am] mikewd2 -: yes, went in just below
the 1:19pm bounce
[10:41 am] candelas : nice breakout from 1.5
consolidation
[10:41 am] candelas : 1.5 hour that is
SINA
[10:41 am] sonorant : It is dicey.
[10:41 am] ronfrac : TGT new high
[10:41 am] mikewd2 -: hope you guys go over
placing buy trades, i just missed WLT at 84.8
– not sure how to do it without chasing
[10:41 am] mhaus : SINA
[10:41 am] candelas : too late now
[10:42 am] sonorant : What do you mean
candelas?
[10:42 am] candelas : sina had been
consolidating in a tight price range
[10:42 am] candelas : i took trade but too
late to post
[10:42 am] Brent : it didn’t hit 84.80
mikewd[10:43 am] sonorant : So when it broke
out you went long?
[10:43 am] mikewd2 -: yeah, waiting for
webinar
[10:43 am] mikewd2 -: right, so should have i
placed bid plus a couple cents, i did minus a
couple cents
[10:43 am] candelas : yes
[10:43 am] candelas : from about 12 est to
130 est[10:43 am] Brent : ok, still with
Etrade mike?
[10:44 am] sonorant : Did you have it on a
screen watching, or have an alarm set?
[10:44 am] candelas : i was very skeptical
so held close to vest bcuz of lack of vol.
[10:44 am] Brent : we will be going over some
platforms, entering orders, custom orders,
etc[10:44 am] Brent : ok, lol sorry that
wasn’t a jab.
[10:45 am] sonorant : C., then there was a
volume spide at ~10:39
[10:45 am] rd : speaking of Etrade, you all
will laugh.
http://www.collegehumor.com/video/6477219/rem
ix-e-trade-baby-loses-everything
[10:45 am] mikewd2 -: thanks Brent, i tend to
miss by a penny or two alot – especially on
sells.
[10:45 am] mhaus : Brent, you will be going
over scanners and scanning strategies too?
[10:45 am] candelas : i had been watching
it, while scanning
[10:45 am] Brent : yes mhaus. Scanners,
settings. We have a 3 hour webinar just
dedicated to scanning
[10:46 am] sonorant : hey rawdawg[10:46 am]
sonorant : are you new?
[10:46 am] rawdawg6914 : how are you
guys?
[10:46 am] rawdawg6914 : hey all
[10:46 am] Brent : we use different scanning
methods to find setups for each strategy. We
will teach them all
[10:47 am] sonorant : welcome
[10:47 am] rawdawg6914 : yep, never been in
here before
[10:47 am] rawdawg6914 : thanks brent[10:47
am] rawdawg6914 : thanks
[10:47 am] mikewd2 -: sorry rd[10:47 am]
mikewd2 -: like that one rusty
[10:47 am] lisas : Hi rawdawg6914
[10:47 am] doji : SPY spiking
[10:47 am] candelas : welcome Rawdawg[10:48
am] rusty : RIMM + IBM Rumors (fwiw)
[10:48 am] rawdawg6914 : any validity to the
rimm +ibm?
[10:48 am] mhaus : TNA moving
[10:48 am] mhaus : Thanks. I have Trade
Ideas, but options are limited.
[10:49 am] rusty : I wouldn’t give it much
cred
[10:50 am] sonorant : Candles, back on the
ACOM trade, were you on a 1 minute chart?
And how did you know to put in that first
order at 27.09? I understand why you put in
the second one.
[10:50 am] rusty : seems like RIMMer’s get
restless so pushing all possibilities
[10:50 am] rawdawg6914 : yea, it jumped .22
in the last few secs[10:50 am] doji : TZA
getting ready
[10:50 am] doji : if SPY doesn’t break
resistance at 118
[10:51 am] ronfrac : Mitch: What do you make
of the RUT in here?
[10:51 am] rawdawg6914 : tza gonna flip over
if spy doesn’t break?
[10:52 am] rawdawg6914 : I’m kind of new to
trading, never even talked to any other
traders before to be honest
[10:52 am] rawdawg6914 : and it did, wow
your good
[10:52 am] doji : yeap[10:52 am] doji :
I’ll wait longer in TZA
[10:53 am] mikewd2 -: I’m a bit scared to
move into TZa[10:53 am] garyb : yeh
doji……market is strong today
[10:54 am] garyb : I hear you mike…made
some nice gains this morning on
TNA…switched to TZA and it took a chuck
out
[10:54 am] garyb : back to TNA now
[10:55 am] rawdawg6914 : tza does look like
it has a double bottom tho, i may be retarded
tho[10:55 am] rawdawg6914 : HAHA
[10:55 am] mikewd2 -: TNA twice, TZA, WLT and
HAL all wins
[10:55 am] mikewd2 -: I’m the charlie sheen
of TSA
[10:55 am] garyb : lol!
[10:55 am] garyb : awesome Mike! looks like
you are “winning!”
[10:55 am] doji : Watch out SPY
[10:55 am] Brent : nice job mikewd[10:56 am]
swingtrader : double top
[10:56 am] mikewd2 -: thanks Brent, u guys
have taught us well
[10:59 am] candelas : go sina[11:00 am]
sonorant : yes, sina is bookin’
[11:01 am] candelas : out 3/4 sina .71
[11:02 am] sonorant : good work
[11:02 am] candelas : trailing last 1/4
[11:04 am] Kris : well done candelas
[11:04 am] candelas : thx Kris 2
[11:04 am] candelas : lol, thx
[11:04 am] Brent : nice Candelas, a little
more than $1.5 an hour
[11:05 am] sonorant : C., why did you decide
to exit at 113.71?
[11:05 am] candelas : just needed to take
some off table and it was stalling
[11:06 am] sonorant : You held on a long
time!
[11:06 am] sonorant : right, very funny
[11:06 am] sonorant : Candles, I asked you a
question about the ACOM trade when you were
still in the thick of the SINA trade…
[11:06 am] mikewd2 -: lol[11:06 am] candelas
: ur 2 funny
[11:06 am] Brent : because 113.72 would have
taken him into the next tax bracket
sonorant
[11:06 am] candelas : stopped last 1/4
113.62
[11:07 am] sonorant : can I re ask it
now?
[11:07 am] candelas : sure
[11:07 am] candelas : never saw it
[11:09 am] sonorant : I understand how you
knew to take the second helping of 27.09
(though it took nerves of steel), but how did
you know to take the first installment of
27.09. It was really pretty much in full
downhill tilt at that point. There was some
volume at ~ 8:58 my time, but by the time
that bar would have shown up, the price was
up to 27.20
[11:09 am] joeytsa : haven’t seen vans in a
while, is he still with us?
[11:10 am] swingtrader : brent I like when
you draw the trend lines in the charts
[11:10 am] sonorant : Scaling in? But that
implies you figured we were at a bottom
[11:10 am] candelas : just by scaling in
[11:11 am] candelas : it’s never exact, but
selling had subsided as well
[11:12 am] sonorant : I know there was
support a little lower down on the daily..
[11:12 am] candelas : yes, price placed
ahead of trade never got filled 26.63 and
26.67
[11:13 am] swingtrader : get ready for those
short may be long TZA here ..
[11:13 am] sonorant : right, that is the
area I was talking about.
[11:14 am] candelas : that’s why Brent and
Kris always talk about being flexible
[11:14 am] candelas : if it were exact it
would be so easy and everyone would be doing
it
[11:15 am] sonorant : yes, it turned before
then, and you knew it was coming up soon, but
it still could have been a blip like the one
at 8:36 – 8:44
[11:15 am] candelas : so u have to key in on
price,vol and how it is reacting around those
levels
[11:16 am] sonorant : so there is a whole
gestalt you are grokking? (I can’t believe I
used that word.)
[11:16 am] candelas : those
support/resistance levels
[11:17 am] sonorant : were you on a 1 minute
chart?
[11:17 am] sonorant : No, grokking, not
gestalt 😉
[11:17 am] candelas : wow sonorant is
edumucated[11:17 am] candelas : I’m using my
Krisarus[11:18 am] sonorant : I can’t even
remember the novel it came from.
[11:18 am] sonorant : Grokking shows my age,
not my education.
[11:18 am] candelas : lol[11:19 am] candelas
: yes I was using 1min
[11:19 am] candelas : and glancing at
3min
[11:20 am] Kris : discipline and patience
[11:21 am] sonorant : Okay, many thanks
candels, I am going to go back and stare at
the 1 and 3 minute charts again.
[11:21 am] rusty : Bove upgrading CMA
[11:21 am] candelas : a lot of the chart
study helps as well Sonorant
[11:22 am] garyb : I use that too…more
longer range
[11:22 am] garyb : candelas…no 5 miin?
[11:22 am] candelas : so I trade off 1min,
and glance at 3min and daily
[11:23 am] garyb : thanks Kris…was almost
ready to sell it..I have been holding it for
a few hours
[11:23 am] candelas : no 5min for me
[11:24 am] swingtrader : good one kris[11:24
am] sonorant : what are you trading gary?
[11:24 am] Kris : very nice gary, try to be
patient just a little bit more. you have the
momentum behind you on this test.
[11:25 am] observer : spy
[11:25 am] mikewd2 -: SLB breaking to the
upside
[11:25 am] Kris : there she goes
[11:25 am] garyb : maybe my wife can have
one too!
[11:25 am] garyb : excellent! thank you!
That’s will be a nice steak dinner tonight
[11:26 am] rawdawg6914 : what should i be
buying or shorting right now. im confused
[11:26 am] rawdawg6914 : afternoon
[11:26 am] lisas : rawdaw, were you here
this morning, or join this afternoon?
[11:26 am] lisas : Most trade ideas are in
first 90 min.
[11:26 am] Kris : TNA was a possible breakout
long
[11:27 am] sonorant : otherwise they are the
riff raff, of few of whom know a great
deal!
[11:27 am] rawdawg6914 : thanks kris[11:27
am] rawdawg6914 : ok, sounds good
[11:27 am] rawdawg6914 : oh ok
[11:27 am] lisas : of open, but some come in
afternoon, like the TNA.
[11:27 am] lisas : if comments are in blue,
they are TSA staff
[11:27 am] Kris : Welcome to the room
rawdawg6914
[11:27 am] Kris : garyb was holding it from
earlier so I told him to hold it a little bit
longer.
[11:28 am] lisas : If you are new, make sure
you get the DVD’s, and then there is a
webinar coming up
[11:28 am] Kris : then we get a few news
related movers and lately we’ve been able to
day trade TZA/TNA pretty proficiently with
this volatility we’ve been having late in the
day.
[11:28 am] Kris : like lisas said, most of
the ideas come in the chat box above the
first 2 hours of the market
[11:29 am] rawdawg6914 : I’ve been trading
now for about 4 weeks, I’ve only made about
6% in that time tho, including losses
[11:29 am] rawdawg6914 : i got them sent to
me but they haven’t come yet, I’m in canada
tho so that may be a problem
[11:29 am] mikewd2 -: up 0.65
[11:29 am] mikewd2 -: got out SLB a bit too
early maybe
[11:29 am] mhaus : Also, check the documents
on the bottom right
[11:29 am] Kris : Might consider virtual
trading for a few days to get the hang of the
ideas and strategies posted in the room.
[11:30 am] rawdawg6914 : not when i only
started with 1500$ lol[11:30 am] mikewd2 -:
nice work garyb[11:30 am] mikewd2 -: got to
start somewhere
[11:30 am] mikewd2 -: 6% of your account?
wow, that is good
[11:30 am] Kris : ok garyb, start looking to
take some off your TNA long
[11:30 am] garyb : okay Kris…thanks!
[11:30 am] doji : Wow.. that is really
good
[11:31 am] swingtrader : spy bull trap
idea..lol[11:31 am] swingtrader : dogi[11:31
am] sonorant : wow, excellent. Just that
you aren’t losing is really impressive.
[11:31 am] rawdawg6914 : true, i really like
it so far
[11:31 am] rawdawg6914 : I’ve been
consistently making 2% per day but i lost
1100$ yesterday, so that messed up my
average
[11:31 am] mikewd2 -: WLT L 85.25 again!
[11:31 am] mhaus : They are good!
[11:31 am] mhaus : Rawdawg, you will learn
to make 1% a day thru the DVDs
[11:31 am] Kris : if youre BE or better your
first four weeks that is very promising.
[11:31 am] joeytsa : keep at it, it will
grow
[11:31 am] doji : Tell me Swingy
[11:31 am] candelas : nice call Kris
[11:31 am] doji : SPY up at 1.25%…. same
as yesterday, unbelievable
[11:32 am] mhaus : Losses are a part of our
business. We just have to learn to keep it at
the minimum and be in green at the end of the
day, every day.
[11:32 am] doji : Just watching Kris,
thanks
[11:32 am] doji : I am watching TZA
[11:32 am] candelas : made it through on 3rd
attempt
[11:33 am] rawdawg6914 : yea that’s true.
I’ve been trying to take that loss as a grain
of salt but it still really upset me cause it
was a stupid mistake, i left a position open
on a penny stock by mistake and went to the
store, came back, down like 40%
[11:33 am] doji : whata difference!
[11:33 am] doji : so far 90% of my trades on
TZa and TNA just watching the indicators have
been winners
[11:33 am] doji : and looking price vs
indicators and how they move
[11:34 am] rawdawg6914 : it was for candy,
and yes it was haha[11:34 am] mhaus : Learn
from it and move on. Don’t harp on it or you
will lose seeing some good trades.
[11:34 am] Kris : well done garyb[11:34 am]
Kris : that was an expensive loaf of bread
[11:34 am] garyb : I’m OUT kris…I mean
from TNA…thanks….make a great profit….2
bucks
[11:34 am] doji : Swingy, what was that you
said before?
[11:34 am] candelas : nice Garyb[11:35 am]
sonorant : wow, but what a great lesson —
or you may feel that way down the road
[11:35 am] rawdawg6914 : will do mhaus[11:35
am] rawdawg6914 : the stock, not the box
lol[11:35 am] rawdawg6914 : lowest I’ll go
is 6$ now i think
[11:35 am] rawdawg6914 : I’ve been playing
with tivo a lot lately
[11:35 am] rawdawg6914 : I’m never doing
them again
[11:35 am] mhaus : No stocks under $5
[11:35 am] mhaus : I don’t do penny
stocks
[11:35 am] Kris : That’s a good number
rawdawg[11:35 am] Kris : also keep an eye on
volume
[11:35 am] garyb : I guess I can buy my wife
the streak too! lol[11:35 am] doji : TNA and
TZA will get married and have TSA babies?
[11:36 am] rawdawg6914 : yea, I’ve been
reading a lot of books and they outlined a
few indicators
[11:36 am] rawdawg6914 : i got 2% on it
today, so i was happy with that
[11:36 am] rawdawg6914 : also i don’t want
to get into something that doesn’t
consistently do 2m per day
[11:36 am] Kris : volume is key
[11:36 am] joeytsa : i don’t have much luck
with low priced stocks
[11:37 am] rawdawg6914 : haha[11:37 am]
mhaus : Doji, I like doing pairs. In fact,
being bisexual doubles your chances of a date
😀
[11:37 am] joeytsa : just through years of
keeping notes, my worst trades are the under
$20 trades
[11:37 am] apple : lol[11:37 am] apple :
agree joey
[11:37 am] rawdawg6914 : i like the 10-15$
range, cause then i can deal with 100 shares
at a time
[11:38 am] sonorant : That is really
interesting joey.
[11:38 am] sonorant : doji, I am really
impressed. I think TNA TZA can be kind of
tricky to trade. Which indicators are you
watching?
[11:38 am] mhaus : TNA/TZA gave my account a
5% boost today.
[11:38 am] joeytsa : good job gary
[11:38 am] garyb : thanks joey! It’s like a
great day at the races!
[11:38 am] garyb : nice
[11:38 am] garyb : i killed on TNA/TZA
today
[11:38 am] doji : No comprende mhaus? Is
that a joke?
[11:38 am] storage : thanks Kris long tna
41.57 out 42.07
[11:39 am] mhaus : that’s why the 😀
[11:39 am] mhaus : of course doji[11:39 am]
mhaus : “:-D” a big laugh
[11:39 am] joeytsa : you notice things if
you journal and then study the journal
[11:39 am] joeytsa : that’s why i still keep
a trading journal
[11:39 am] doji : TZA
[11:39 am] doji : I watch stochastics on
2min sonorant
[11:40 am] swingtrader : I think A european
Lehman is up on us
[11:40 am] sonorant : doji, what are your
stochastics settings?
[11:40 am] mhaus : just feeling good today
because of the boost
[11:40 am] joeytsa : stuff like your
best/worst price range, best/worst times of
day, day of week etc[11:40 am] candelas :
seeing if can get some vol. GIII
[11:40 am] garyb : me too..I use 1,2,3
& 5 min chart
[11:40 am] doji : same as Kris from the
seminar 10, 6, 4
[11:41 am] sonorant : and a 2 minute
chart?
[11:42 am] sonorant : Thanks doji, will try
it manyana[11:42 am] mhaus : watching
FSLR
[11:42 am] doji : Yes for confirmation but
have my trade entry on 1min chart
[11:43 am] sonorant : The stochastics Mitch
was using the day he showed us were different
— 7-14-3
[11:44 am] doji : I use what Kris used on
the seminar in Sin City
[11:45 am] Kris : Sin City Baby!
[11:45 am] joeytsa : when are you coming
back?
[11:45 am] joeytsa : chart in the window has
a 7,6,4
[11:46 am] mikewd2 -: trying a short on
SINA
[11:46 am] mhaus : Kris/Brent, that’s what I
want to understand, When to change the
Stochastlc settings. Will you touch that in
the seminars?
[11:47 am] Kris : yes, we’re going to give
you some updated indicators
[11:47 am] Kris : used in all of our
strategies
[11:47 am] Kris : along with a new one
[11:47 am] garyb : great! I keep trying new
ones
[11:47 am] apple : sounds good to me
[11:47 am] mikewd2 -: SINA s 113.5
[11:48 am] mhaus : is the schedule and the
topics published?
[11:48 am] Kris : indicators should only be
used to supplement your understanding of
price action
[11:48 am] doji : Missed TZA here, very
clear on the stochastics although the
overhead resistance
[11:48 am] doji : Entry sign at 14:32PM
ET
[11:49 am] swingtrader : TZA guys Kris you
like TZA here
[11:49 am] qwert : candles are you in
giii[11:49 am] mhaus : Got it. Thanks
[11:49 am] Kris : you have to trade the
percentages
[11:49 am] Kris : no, I do not like TZA here,
running into strong resistance from prior
highs/lows plus the down trendline. not
worth the risk for me this late in the day
[11:49 am] Kris : lol[11:49 am] doji : no
Itcaher too late
[11:49 am] doji : aggg missed TZA
[11:49 am] candelas : no I wanted more
selling and more vol[11:49 am] Brent :
underneath the webinar names i[11:49 am]
Brent : there is a link “click here for
complete schedule”
[11:49 am] Brent :
http://www.tradestocksamerica.com/webinar.php
[11:49 am] Brent : here mhaus[11:50 am] qwert
: same here on giii[11:50 am] mikewd2 -:
come on need SINA longs to take some profits
and sell off
[11:50 am] doji : Stochastics on TZA still
pointing up on 2min chart
[11:50 am] candelas : its pays off when ur
picky
[11:50 am] candelas : good choice
[11:51 am] sonorant : So steeper slope,
lower price, higher volume?
[11:51 am] mhaus : a quicky[11:51 am]
joeytsa : wheres your stop at mike?
[11:51 am] mhaus : I got in at 44.62 and out
at 45.12
[11:52 am] rawdawg6914 : I’m out too, i have
my 2%, I’ll be back on tomorrow tho guys,
nice to meet you all
[11:52 am] mikewd2 -: 115
[11:52 am] mikewd2 -: 113
[11:52 am] Kris : see ya pat!
[11:52 am] joeytsa : good spot mike
[11:52 am] apple : thx K and B and everyone
– today was a super day – gotta pick up my
son from school – have a fun evening
[11:53 am] monster : i am newbie here and
was wonder when you post a pick in the
morning, do you buy it after you post it or
you wait for a set up? question for Kris and
Brent
[11:53 am] Kris : see you tomorrow
rawdawg6914
[11:53 am] joeytsa : lock in that profit
[11:53 am] doji : Stochastics in TZa turning
down, time to take some profits
[11:54 am] mikewd2 -: covered + 0.55
[11:54 am] Kris : once in a while I miss
cause I post and it leaves the station.
[11:54 am] Kris : for my posts, I post and I
immediately enter the trade as fast as I can
monster.
[11:54 am] Kris : but it’s rare
[11:54 am] mhaus : starting 7:25 AM
[11:55 am] monster : so really no setup on
like 3minutes. where do you put a stop
then?
[11:55 am] mikewd2 -: yeah, i really thought
it would tank
[11:55 am] Kris : I say LONG or SHORT then
the symbol
[11:55 am] joeytsa : nice job mike, was
about to say the indicators were bottoming
[11:55 am] joeytsa : jump back in if it
breaks down again
[11:56 am] swingtrader : joy what is the
name of your horse and when is running
[11:56 am] mikewd2 -: yepper[11:56 am]
mikewd2 -: going to
[11:56 am] Kris : around 1% is a good stop
for day trades we post unless you see strong
S/R levels that are just a little more
that
[11:56 am] joeytsa : a break here next step
would be 112.40 area ?
[11:56 am] doji : TZa has more upside
[11:57 am] monster : thanks
[11:57 am] Kris : try to use them as added
protection with your stop
[11:57 am] Kris : I keep my stops away from
whole numbers
[11:57 am] garyb : bought tna again…but no
support…thank you stop!
[11:58 am] swingtrader : chine buying
Italian Bonds big deal
[11:58 am] Kris : then on the ones I’m
watching I’ll say LONG or SHORT on my entry
unless Mitch or Brent have the trade
already.
[11:58 am] Kris : if I say “watching” a
stock, that means I’m watching usually for a
reversal of price action
[11:58 am] doji : Ouch..is the market, that
is when you trail your stop
[11:58 am] doji : Oil ends 2.3% higher at
$90.21
[11:59 am] swingtrader : your country is
bailing out eurp[11:59 am] swingtrader : and
brazil buying debt in eur zone .. DOji ‘
[11:59 am] lisas : Kris, on thing I’m not
sure of, when you enter second half on an
early morning stock, only a pullback to
support, or also on new near high?
[12:00 pm] mikewd2 -: WLT might be worth a
small long
[12:00 pm] mikewd2 -: if it starts to move
upward
[12:00 pm] lisas : Thanks
[12:00 pm] Kris : I will add on pullbacks of
strong stocks that hold solid relative
strength
[12:00 pm] joeytsa : makes sense Kris
[12:00 pm] joeytsa : doji: i think oil went
up due to diminishing reserves
[12:01 pm] Kris : occasionally I’ll add to my
long on the new high if it had a tight
consolidation against a market correction.
[12:01 pm] Kris : I like to leave some
bullets for a small pullback into strong
support and all my strategies run off the
market direction as much as possible.
[12:01 pm] Kris : I always scale in
[12:01 pm] Kris : but on fast movers like
news trades
[12:01 pm] Kris : but it’s not as common.
[12:01 pm] joeytsa : Kris, do you always
scale in?
[12:01 pm] joeytsa : i have to work on
that..
[12:02 pm] mikewd2 -: is your trades around
the same $ amount, it more shares of lower
priced stocks, etc.
[12:02 pm] Kris : usually the price will hop
around and you can get a good fill
[12:02 pm] Kris : it takes some practice
[12:02 pm] Kris : I’m dropping orders on the
bid as fast as I can then I cancel out open
orders once I get my size.
[12:02 pm] Kris : I carpet bomb
[12:02 pm] Kris : easier when you have chart
trader
[12:02 pm] joeytsa : on ok, on fast trades i
put in 1000 shares automatically
[12:02 pm] joeytsa : just an old habit
[12:02 pm] joeytsa : i need to work on
different things like that
[12:03 pm] mikewd2 -: $ size or shares
[12:03 pm] mhaus : Kris, do you have
StaticDOM? I have DynamicDOM only
[12:03 pm] lisas : do you have your stops
entered at same time as your order?
[12:03 pm] Kris : typically I’ll try to stay
around the same size unless I feel there is a
little more risk in the trade then I stay
smaller
[12:03 pm] Kris : additional risk may be low
dollar stock, high volatility, big moves with
no news,
[12:03 pm] Kris : $ size
[12:04 pm] mhaus : Lisas, that with
NinjaTrader.
[12:04 pm] Kris : yes, I have an ATM strategy
I created to put in my targets and stops then
I adjust.
[12:04 pm] Kris : TS has a way to run ATM
strategies too
[12:04 pm] Kris : I have DynamicSuperDom
open
[12:04 pm] Kris : boom boom boom[12:04 pm]
joeytsa : ATM is great, i only have that on
ninja for my futures
[12:05 pm] swingtrader : you guys want me to
post my ste up is that ok kris and
brent[12:05 pm] sonorant : Still, you are
moving really, really fast.
[12:05 pm] mhaus : It places an order with
your stops, profit targets and trailing
stops
[12:05 pm] lisas : Sorry, what is “ATM”
[12:05 pm] lisas : I do that as well,
targets too. Sometimes on a fast or jerky
stock, my stop will get hit too soon as it
was too close for that stock. I’ve gotten
better at watching that.
[12:05 pm] Kris : yes, it takes practice
[12:05 pm] Kris : to warm up in the morning
brent catches flies with chopsticks.
[12:05 pm] Kris : and I think you can do
something with the old version of esignal. I
wouldn’t recommend using V11 esignal for
trading as it’s too buggy.
[12:05 pm] garyb : Kris do you use the
Matrix in TS?
[12:05 pm] doji : Kris, hope you will teach
all of these in the webinar
[12:05 pm] candelas : lol[12:06 pm] sonorant
: So are you entering your initial orders
from chart trader?
[12:06 pm] mhaus : I just can’t work with
DynamicDOM. I use Chart trader with ATM
strategies
[12:06 pm] Kris : sure swingtrader[12:06 pm]
Kris : only for getting my targets filled
[12:06 pm] Kris : it’s a little more
precise
[12:06 pm] Kris : if I have to adjust orders
by the tick
[12:06 pm] Kris : I don’t use the DOM much
[12:06 pm] Kris : chart trader is faster but
a little more loose
[12:06 pm] joeytsa : i don’t use the
dom[12:06 pm] joeytsa : atm : auto trade
management
[12:06 pm] garyb : I think I will start
using the matrix…..by the time I enter an
order I miss the big “move” (should use the
matrix with my wife too!)
[12:07 pm] swingtrader :
http://www.freestockcharts.com/?emailChartID=
f02cd96f-124c-4873-bec4-9553b1d01334
[12:07 pm] mhaus : I place them in the chart
(limit orders) and the ATM strategy does the
rest
[12:07 pm] lisas : I like the matrix, I can
see easily what I am risking per trade if I
want to move stop to a support/resistance
level
[12:07 pm] Kris : kind of, the side
buttons
[12:07 pm] Kris : I’m on the bid or the ask
most of the time
[12:07 pm] Kris : don’t miss a big move cause
you’re trying to get that extra penny on your
fill
[12:07 pm] garyb : So you use it regularly
lisas?
[12:08 pm] sonorant : You would always get a
fill, not almost always, correct?
[12:08 pm] sonorant : Kris, So that means
you almost always get a fill, yes?
[12:08 pm] lisas : Yes gary, only way I
enter.
[12:08 pm] lisas : everynow and then it
freezes. Rolled my TS back to 8.8 this
weekend and it’s better, but I did have to
call the order desk yesterday when I could
not get out of a trade
[12:08 pm] garyb : I started trading eminis
with the matrix….loved it! I want to do
that with stocks now. Thanks lisas[12:09 pm]
Kris : your
[12:09 pm] Kris : very rarely will I miss a
fill sonorant.
[12:09 pm] Kris : I think you’re candles are
too small Itacher[12:10 pm] Kris : sometimes
I don’t get filled and have to slide my order
a tick or two
[12:10 pm] Kris : if I’m going short I’m on
the ask
[12:10 pm] Kris : If I’m going long I’m on
the bid
[12:11 pm] tennisball : what situation would
you use mkt orders?
[12:11 pm] swingtrader : let me see
[12:11 pm] sonorant : Wow, okay, I’ll try
that tomorrow. I’ve been filling from the
superdom, but I only have room to have one
open, so I have to take the time to change
the setting on the dom to match the chart I
want to trade. It takes precious time.
[12:11 pm] mikewd2 -: WLT at lod[12:11 pm]
Kris : my stops are market stops
[12:11 pm] Kris : I take that back
[12:11 pm] Kris : I never use a market
order
[12:12 pm] tennisball : Why Kris
[12:12 pm] tennisball : orders
[12:12 pm] Kris : why what tennisball?
[12:13 pm] tennisball : no mkt orders
[12:13 pm] mhaus : why no market orders
[12:13 pm] mhaus : because of the
slippage
[12:13 pm] Kris : you’re at their mercy
[12:13 pm] Kris : they can rob you at will
[12:13 pm] Kris : cause it’s like buying
stocks from a used car salesman
[12:14 pm] tennisball : even in high v
moments?
[12:14 pm] swingtrader : thank you kris .. I
am going to try show you the trade station
set up
[12:14 pm] swingtrader : i am trying to make
the candle bigger
[12:14 pm] sonorant : Did you turn off the
confirmation message?
[12:14 pm] rusty : GNK radar
[12:14 pm] mhaus : you click buy at 10 and
you could get the stock at 10.01 or 10.51
[12:14 pm] Kris : some brokers are worse than
others
[12:14 pm] Kris : and it depends on the
volume and volatility
[12:14 pm] rusty : GNK 200dma 9.79
[12:15 pm] tennisball : That’s my answer
Kris
[12:15 pm] qwert : none at lightspeed[12:15
pm] mikewd2 -: no shares to short at
etrade[12:15 pm] mhaus : TZA moving fast
[12:15 pm] joeytsa : back in the fractions
day, i always used market orders when
shorting on the open….have changed that
up
[12:16 pm] joeytsa : still do it on
occasion, but not like i used to
[12:17 pm] joeytsa : had to do with the
uptick rule mainly
[12:18 pm] mikewd2 -: missed TZA
[12:18 pm] Kris : yes I can’t have the
confirmation message holding me up
[12:18 pm] joeytsa : too late to see, or
missed your price?
[12:19 pm] mikewd2 -: missed my price
[12:19 pm] joeytsa : gotya[12:20 pm]
tennisball : tza long mkt 245.37, OUT HALF
45.88
[12:20 pm] swingtrader : thank you
[12:20 pm] swingtrader : Kris good night
[12:20 pm] stevemld : great work today
Kris
[12:20 pm] sonorant : Thanks for the great
info Kris — many things to think about
tomorrow.
[12:20 pm] lisas : Bye Kris, thanks!
[12:20 pm] joeytsa : have a great day
Kris
[12:20 pm] doji : Too late in TZA
[12:20 pm] candelas : cya Kris
[12:21 pm] tennisball : OUTLAST HALF
46.40
[12:21 pm] Brent : nice tennisball[12:22 pm]
mikewd2 -: one last time for today
[12:22 pm] mikewd2 -: and i went long TNA
[12:22 pm] joeytsa : nice tennisball[12:23
pm] mikewd2 -: in 40.46
[12:23 pm] garyb : Me too mike….I was
going to close up shop…one more trade!
thanks!
[12:24 pm] tennisball : kRIS, TNA LOOK LIKE
A POSSIBLE LONG?
[12:24 pm] garyb : wow..you got in at a good
price..I left to go for a few minutes…..oh
well
[12:25 pm] tennisball : Thanks doji[12:25
pm] garyb : kris has left the building
[12:25 pm] doji : With this market I won’t
take anything long Tennisball[12:25 pm]
candelas : YES
[12:25 pm] mikewd2 -: looking for 41.02
[12:26 pm] qwert : candles where did u get
shares from
[12:26 pm] mikewd2 -: dang, i tried
[12:26 pm] joeytsa : the NYSE %30 is close
to a sell signal on the p&f
charts…
[12:26 pm] joeytsa : just be careful with
any swing/int holds….
[12:26 pm] candelas : yeeeees thnx Brent
[12:26 pm] candelas : tradestation[12:26 pm]
candelas : too funny
[12:27 pm] monster : IDCC bounce
[12:27 pm] joeytsa : the NYSE BPI is close
to a new column of zeroes…tricky time
[12:28 pm] mikewd2 -: yeah
[12:28 pm] garyb : Mike are you still in?
[12:29 pm] mikewd2 -: nice $280 profit
bfc[12:29 pm] garyb : I got stopped out
[12:29 pm] garyb : good going!
[12:29 pm] mikewd2 -: out 41.02
[12:30 pm] mikewd2 -: would have ran it more,
but worried about time of day
[12:30 pm] mikewd2 -: left alot on the
table
[12:30 pm] mikewd2 -: i didn’t get stopped
moved it to buy price
[12:30 pm] joeytsa : nice money mike
[12:30 pm] candelas : u have 1,800 seconds
left
[12:30 pm] Brent : great work mikewd[12:31
pm] mikewd2 -: thanks Brent
[12:31 pm] mikewd2 -: oh well it was bonus
money
[12:31 pm] mikewd2 -: i don’t, I’m retired
[12:31 pm] joeytsa : keep this up and you
won’t ever have to work for anyone ever
again
[12:31 pm] candelas : sounds like a lot that
way
[12:31 pm] Brent : yeah, don’t sweat it
mikewd, nice trade
[12:32 pm] mikewd2 -: yesterday
[12:32 pm] candelas : should be some
interesting setups 4 tomorrow
[12:32 pm] candelas : hod LNKD
[12:32 pm] Brent : you’re on a roll mikewd.
Was it yesterday you had your best day? or
was it last week
[12:32 pm] Brent : awesome
[12:33 pm] mikewd2 -: I’ve only had a couple
of bad days since joining and those were my
stupid mistakes
[12:33 pm] mhaus : I am going to call it a
day. Good night all.
[12:33 pm] garyb : congrats man! I had an
awesome day myself
[12:33 pm] candelas : nice Mike
[12:33 pm] Brent : have a good night mhaus,
see you tomorrow
[12:34 pm] tennisball : Brent-anyone- able
to short tza and tna?
[12:34 pm] mikewd2 -: only lost was WLT and
stopped out – now its running!
[12:34 pm] mikewd2 -: i was one bounce too
early
[12:34 pm] mhaus : will work on it over the
weekend
[12:34 pm] mhaus : Have not worked on it
yet. Waiting to get some training this
Friday
[12:34 pm] candelas : ok
[12:35 pm] qwert : what we need you
candles
[12:35 pm] mikewd2 -: we count on you
[12:35 pm] mikewd2 -: not acceptable
candelas! you must give 2 day notice.
[12:35 pm] candelas : u guys are
hilarious
[12:35 pm] candelas : lol[12:35 pm] candelas
: i will not be here 2morrow
[12:37 pm] mikewd2 -: want to go into TZA,
but not going to. discipline!
[12:38 pm] joeytsa : nice mike…it’s
difficult sometimes
[12:39 pm] mikewd2 -: your right joey
[12:39 pm] mikewd2 -: learning that from you
guys and TSA
[12:39 pm] joeytsa : punch a button, make
money..hey that’s easy
[12:39 pm] joeytsa : let me do that
agian[12:39 pm] joeytsa : if you let your
guard down, this sometimes seems like a video
game
[12:39 pm] garyb : tight stop
[12:39 pm] garyb : I took on TZA
[12:40 pm] mikewd2 -: u trading 500
shares?
[12:41 pm] mikewd2 -: that’s my position
always on TZA or TNA
[12:41 pm] joeytsa : i adjust # of shares
depending on stock price
[12:41 pm] garyb : yeh, small trade
[12:41 pm] garyb : don’t want to risk it
[12:41 pm] candelas : Sonorant did u trade
GNK?
[12:42 pm] mikewd2 -: yep, i think you will
like this close.
[12:42 pm] mikewd2 -: u get stopped?
[12:42 pm] mikewd2 -: 18 minutes
[12:42 pm] garyb : the setup looked too good
mike lol[12:43 pm] mikewd2 -: it looked
promising
[12:43 pm] mikewd2 -: bummer
[12:43 pm] joeytsa : good job though…
[12:43 pm] garyb : yes…….tight stop
[12:43 pm] garyb : i know! Man..it’s the
end of the day though….crazy action
[12:43 pm] garyb : didn’t lose anything
[12:44 pm] joeytsa : anytime you can be
wrong and NOT take a loss…that’s a good
thing
[12:44 pm] garyb : I usually buy at a good
spot…so I can move my stop up quickly to
where I bought it….I minimize losses…but
take in as much gains as possible
[12:45 pm] mikewd2 -: good plan
[12:45 pm] joeytsa : very smart
[12:45 pm] joeytsa : do you keep trailing it
up?
[12:46 pm] sonorant : Candles, had to step
away — I have to leave early today — and
yes I did trade GNK — got in and out quickly
(with my 10 shares). Made $$. It was good
practice.
[12:46 pm] sonorant : And yes, we will all
miss you tomorrow.
[12:46 pm] garyb : it depends how the day
is…..if it is a positive day like today I
will keep my stop back so I don’t get bounced
out…and then I let it run
[12:46 pm] garyb : I just hate when the day
ends like this….unpredictable……..yes I
do Joey but….
[12:47 pm] sonorant : I definitely would not
go that far. And I am only trading one in
and one out. It will get a little more
complicated when I add multiple positions.
[12:47 pm] rusty : we close on hod or lod
most of the time
[12:47 pm] rusty : rarely in between
especially with all the computer trading
[12:47 pm] mikewd2 -: finishing at high of
day on TNA, SPY – didn’t expect that today
[12:47 pm] joeytsa : gotya[12:47 pm] garyb
: if it is a crap day for longs and I see an
opportunity for a long…I will keep a tight
stop
[12:47 pm] candelas : sounds like u are
getting consistent
[12:48 pm] sonorant : Yes, today was my day
to practice exiting by choice rather than by
trailing stop — definitely works better!
[12:48 pm] sonorant : Even if my targets are
modest.
[12:48 pm] mikewd2 -: shutting her down, good
day – cu tmrw[12:48 pm] joeytsa : decent
plan gary
[12:48 pm] garyb : thanks Joey!
[12:48 pm] garyb : see you Mike! Have a
great night!
[12:48 pm] candelas : ok
[12:48 pm] candelas : it’s a start though
[12:49 pm] sonorant : See you joey and
mike
[12:49 pm] joeytsa : think i am out for the
day too…hope you all have a great rest of
the day
[12:49 pm] joeytsa : see you in the room
tomorrow morning
[12:49 pm] joeytsa : later mike
[12:49 pm] tennisball : gnk long 9.43-out
9.59
[12:50 pm] joeytsa : real cool…i will send
you a link to watch Royal Bonnies race and
workout
[12:50 pm] joeytsa : last year the Miss
Grillo was win and you’re in
[12:50 pm] joeytsa : don’t think so this
year though
[12:50 pm] garyb : have a good one
joey..I;ll send you an email with Crown’s
Path info
[12:51 pm] sonorant : Okay, I better leave
too — or I’ll be late for my mother’s
doctor’s apptmt. See you all tomorrow!
[12:51 pm] garyb : Cool Joey
[12:53 pm] swingtrader : sonorant good
day
[12:55 pm] candelas : c ya Sonorant
[12:57 pm] lisas : Thanks Brent, room
members, hit Mitch’s 70% today, it is
profitable, lol[12:57 pm] Brent : have a good
night Sonorant
[12:58 pm] Brent : nice job Lisas[12:58 pm]
Brent : good work
[[12:59 pm] lisas : Thanks all, avoiding
those moderately bigger down days by NOT
trading mid-day. If I hit my target in am,
switch to sim mode, helps
[12:59 pm] rusty : BSFT moving down fast
[12:59 pm] lisas : bye candelas, thanks for
the help!
[01:00 pm] candelas : no problem
[01:00 pm] candelas : If I have time 2morrow
while in Va. Beach will call you
[01:01 pm] qwert : goodnight everyone
[01:01 pm] qwert : bye candles
[01:01 pm] observer : that is Brent
[01:01 pm] observer : take care BVrent,
Traders
[01:01 pm] candelas : c ya Qwer
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