[06:08 am] Ed : good morning
[06:22 am] Ed
: being that the range in SPY is tight and an
inside day, would trade smaller share size
thatn normal, until we get some conviction
either way
[06:23 am] Ed : also i posted
in the document folder the trading plan
template
[06:25 am] Ed : as softbank would
have to sell the yen to raise us dollars to
make the deal happen
[06:25 am] Ed : also,
assuming the softbank deal goes through would
look for strenght in USD/JPY currency or to
short the yen in futures 6e 12-12
[06:26
am] Ed : key level for upside on USD/JPY if
can hold 78.80-78.90 next stop near
79.25
[06:30 am] Mitch K: watching AGNC
for bottom to buy
[06:30 am] Mitch K:
watching TXN for short
[06:31 am] Mitch K:
watching MTB for top
[06:31 am] Mitch K:
watching TWI for top
[06:31 am] Mitch K:
watching HTS for bottom
[06:31 am] Mitch
K: watching ARR, monitoring so far
[06:32
am] Mitch K: watching HAS for trades both
ways
[06:32 am] Mitch K: watching ISIS for
top to short
[06:32 am] Mitch K:
monitoring ECL again for trades
[06:32 am]
Mitch K: watching PII for top to
short
[06:33 am] Mitch K: monitoring
VZ
[06:33 am] Mitch K: watching DNKN
for top
[06:33 am] Mitch K: moniotiring
LLY
[06:33 am] Mitch K: watching EDU for
short, missed top, want rebound first before
short
[06:34 am] Mitch K: watching COF for
short
[06:34 am] Mitch K: watching BECN
for top, low vol, but monitoring
[06:34
am] Mitch K: watching C for top
[06:35 am]
Mitch K: watching NPSP for bottom
[06:36
am] Mitch K: watching YONG for top to short,
CHinese stock, volatile, hard to find to
short
[06:36 am] Mitch K: watching ARI for
bottom, low vol
[06:37 am] Mitch K:
watching SBS for bottom to buy
[06:38 am]
Mitch K: watching BID for top to
short
[06:38 am] Mitch K: watching AGNC
closer
[06:39 am] Mitch K: watching for
shor ton top of bounce with CNX
[06:39 am]
Mitch K: ok to take any profits on C
short
[06:40 am] Mitch K: watching GCI for
bottom to buy
[06:40 am] Mitch K: watching
MTGE closer
[06:41 am] Mitch K: watching
IVR for bottom, nice chart
[06:41 am]
Mitch K: monitoring SPG drop, not big
yet
[06:42 am] Mitch K: watching RGLD for
bottom
[06:43 am] Mitch K: watching GOOG
for bottom
[06:43 am] Mitch K: best to not
reverse same moment
[06:43 am] Mitch K:
watching ISIS to cover short and watching for
bottom to buy long
[06:44 am] Mitch K:
watching CBST for bottom
[06:44 am] Mitch
K: watching VMW for top to short
[06:46
am] Mitch K: watching MDVN for bottom to
buy
[06:46 am] Mitch K: watching HUM for
bottom to buy
[06:46 am] Mitch K: watching
FIRE for top to short
[06:47 am] Ed : SPY
new lod
[06:47 am] Mitch K: monitoring
NYMT, not ready yet
[06:48 am] Mitch K:
looking to cover MTB soon
[06:48 am] Mitch
K: TWI toppy here
[06:49 am] Mitch K:
looking for more downside on PII short, be
flexible when to cover
[06:50 am] Mitch K:
watching GOOG closer
[06:51 am] Mitch K:
2atchign LLY for 2nd helping short
[06:51
am] Mitch K: watching DISH for top to
short
[06:51 am] Mitch K: looking to cover
EDU soon, watching to see if breaks below 18,
be flexible
[06:52 am] Mitch K: watching
AMT for top to short
[06:53 am] Mitch K:
monitoring ORLY for bottom, low vol
[06:53
am] Mitch K: hope you found YONG shares to
short
[06:55 am] Mitch K: watching SBAC
for microshort on top of this move
up
[06:56 am] Mitch K: little late to
enter
[06:56 am] Mitch K: RGLD
bouncing
[06:57 am] Mitch K: looking to
sell MDVN
[06:58 am] Mitch K: you should
cover VMW
[06:59 am] Mitch K: looking to
cover PII soon
[07:01 am] Mitch K:
watching GILD for bottom
[07:01 am] Mitch
K: watching ILMN for bottom, going to be
good
[07:01 am] Ed : for potential
short
[07:01 am] Ed : monitoring
ABT
[07:02 am] Mitch K: watchign EBAY for
bottom
[07:04 am] Mitch K: ILMN
bouncingh
[07:04 am] Mitch K: better get
on it now
[07:04 am] Mitch K: or most of
it
[07:04 am] Mitch K: consider selling
GILD
[07:05 am] Mitch K: watching CNX for
top to short, missed bottom, Ed’s
fault
[07:06 am] Mitch K: i rarely tell
you to hurry, GILD was one of those rare
ones
[07:07 am] Mitch K: looking at GCI
closely to gradually sell
[07:08 am] Ed :
if u took ABT short would cover some
here
[07:08 am] Mitch K: let GILD find
another bottom before buying
[07:12 am]
Mitch K: watching SRPT for bottom, cover if
short from earlier
[07:14 am] Mitch K:
consider selling RGLD
[07:14 am] Mitch K:
this GILD bounce should be stronger
[07:14
am] Ed : SPY new lod
[07:15 am] Mitch K:
hey Joeytsa, i got another good one for you:
http://www.youtube.com/watch?v=zu5TkdcZA-M
[07:16 am] Mitch K: watching SINA for
bottom, getting sort of interesting, like
more drop
[07:19 am] Mitch K: consider
selling GILD
[07:19 am] Mitch K: watching
AGNC for 2nd bottom, first one weak but
further drops make bigger bounces
[07:21
am] Mitch K: 2nd bottom on IVR coming
up
[07:22 am] Mitch K: 2nd helping short
on ABT, this one better short
[07:25 am]
Mitch K: monitoring AMTG, not great
yet
[07:29 am] Mitch K: watchign TSCO for
short on top of this bounce
[07:29 am]
Mitch K: GILD could give micro bounce
here
[07:30 am] Ed : SPY new lod
[07:33
am] Mitch K: EDU short over
[07:34 am]
Mitch K: AGNC 2nd bottom looks like
here
[07:34 am] Mitch K: ILMN
bouncing
[07:34 am] Mitch K: look to cover
DISH fairly soon
[07:35 am] Mitch K: more
downside on this 3rd short
[07:36 am]
Mitch K: consider reducing ORLY
long
[07:47 am] Ed : nice one on
AGNC
[07:53 am] Mitch K: watching for
short on MDVN
[08:00 am] Mitch K:
monitoring MAKO for bottom
[08:03 am]
Mitch K: letting this IVR run before shorting
top
[08:04 am] Mitch K: watching AMT for
top
[08:11 am] Ed : SPY bouncing
[08:37
am] Ed : SPY new hod
[09:13 am] Ed : did
everyone have chance to download the trading
plan template?
[09:16 am] Ed : especially
for newbies, it is critical that you work on
ur trading plan and get it done as soon as
possible
[09:21 am] Mitch K: i mean the
long on MDVN
[09:21 am] Mitch K: anyone
get that MDVN? I totally
missed
[09:21 am] Mitch K: consider
selling most of IVR long, getting
toppy
[09:42 am] Ed : SPY new
hod
[09:46 am] Mitch K: ILMN worth
watching on 3 min chart
[09:46 am] Mitch
K: AGNC classic V bottom
[10:45 am] Mitch
K: did someone just lose their whole
account?
[10:52 am] Mitch K: did someone
else just lose their account?
[11:30 am]
Ed : SPY/GS trading in range, charts are
similar
[11:45 am] Ed : nice pullback in
SPY
[12:11 pm] Ed : getting quick bounce
in SPY
[12:50 pm] Ed : looks like SPY tryn
to close near highs
[12:57 pm] Ed : have a
great evening traders
[12:59 pm] Mitch K:
later guys
| [06:05 am] eyes : Good Morning
Everyone
[06:06 am] khall : good
monday monring!
[06:07 am] qwert :
good morning everybody
[06:07 am]
shark : 🙂 gm all
[06:08 am]
jolliffboy : GM all
[06:08 am]
reshef : G.m
[06:12 am] lisas
: gm all
[06:16 am] joeytsa : Good
morning Ed, everyone
[06:16 am]
joeytsa : core and retail sales came in
ok, empire # disappointed
[06:17 am]
joeytsa : ES range
1426.50-1430
[06:19 am] joeytsa :
gap up: AEGR,SRPT,EDU,YONG
[06:19 am]
joeytsa : gap down: CNX,COF
[06:19
am] joeytsa : nice move down on
crude
[06:20 am] khall : yes, yes it
is
[06:20 am] joeytsa : hope you got
it
[06:21 am] khall : crude has some
support at 90.90 so that’s the next level I’m
eyeing
[06:21 am] khall : yep, I got
it
[06:21 am] joeytsa : nice job
🙂
[06:21 am] khall : thanks
🙂
[06:21 am] joeytsa : its sitting
on S1 right now
[06:21 am] taco :
good morning
[06:22 am] khall :
yeah, I’d expect it may bounce around there
for a few minutes before really moving
again
[06:22 am] khall : or
not…
[06:22 am] qwert :
hahaha
[06:22 am] khall :
😉
[06:22 am] khall : thanks
Ed
[06:22 am] qwert : thx
e
[06:23 am] joeytsa : good plan
Ed
[06:24 am] mikewd2 -: thanks
Ed
[06:25 am] shark : thx
Ed
[06:25 am] joeytsa : thanks
Ed
[06:25 am] elisha : Good Morning
Mitch, Ed and everyone
[06:25 am] mikewd2
-: QCOR looking like it wants to continue
upward
[06:26 am] elisha : thx Ed
for the template
[06:27 am] Ed : no
problem
[06:28 am] shark :
wow
[06:29 am] taco : yes, thanks
for template Ed
[06:30 am] joeytsa :
crude blew right thru S1, testing S2
area
[06:37 am] joeytsa : YONG is
going private
[06:38 am] shark :
watching NLY
[06:39 am] shark : also
AGNC
[06:41 am] shark : SPY bounce
off Pivot
[06:41 am] scalpman :
BTU
[06:42 am] joeytsa : nice spike
in FFIV
[06:42 am] shark :
NLY
[06:43 am] joeytsa : tighten
SRPT if long
[06:47 am] joeytsa :
AAPL to test $630
[06:47 am] shark :
looks like more downside on NLY
AGNC
[06:54 am] joeytsa : crude down
about $2 past 2 hours
[06:54 am]
shark : and nada at the pumps
[06:55
am] joeytsa : nope, means nothing to
the pumps
[06:56 am] apple : good
morning to all smiling traders
[06:56 am]
shark : 🙂
[06:56 am] qwert :
gm apple
[06:56 am] khall : hey
apple 🙂
[06:57 am] elisha : gm
apple
[06:57 am] taco : hi
apple
[07:00 am] joeytsa : great
bounce in RGLD
[07:01 am] joeytsa :
ABT breaking out
[07:04 am] apple :
ES popping up
[07:05 am] qwert :
hahaha
[07:05 am] shark :
lol
[07:08 am] shark : nice Mitch
-GILD
[07:12 am] joeytsa : quick
drop on the ES
[07:14 am] eyes :
mike how are you
[07:14 am] eyes :
How is Qwert doing today
[07:14 am]
mikewd2 -: good, not traded yet mainly
watching
[07:15 am] qwert : good
eyes how about you
[07:15 am] eyes :
I am doing ok
[07:16 am] mikewd2 -:
SRPT
[07:16 am] Ed : hey joey i agree, ABT
was breakout, but with the veolicity of move
buyers could not keep up, so I shorted quick
move down
[07:17 am] joeytsa : yeah
Ed, it worked both ways
[07:17 am]
apple : quick quick
[07:18 am] Ed :
sure did
[07:18 am] joeytsa : Mitch:
that link reminds me of the Bellagio
Fountains 🙂
[07:20 am] joeytsa :
tighten ABT if long
[07:20 am]
joeytsa : coming into some
res
[07:21 am] joeytsa : crude lost
$90
[07:23 am] ticktrader : Ilmn
dropping
[07:23 am] shark :
AGNC
[07:23 am] khall : 89.75 S 3 on
crude – we’ll see if that holds
[07:24 am]
mikewd2 -: SRPT turning?
[07:28 am]
joeytsa : ES using 1423 as
support
[07:28 am] joeytsa : ILMN
another leg down
[07:29 am] scalpman
: AMT for Short
[07:30 am] shark :
NLY
[07:34 am] joeytsa : AAPL
lod
[07:37 am] shark : AGNC l
30.20
[07:41 am] mikewd2 -: AMT looks
strong
[07:41 am] joeytsa : sure
does
[07:42 am] shark : out 1/2 AGNC
30.62
[07:43 am] mikewd2 -: 75.62
resistance – yearly high on AMT?
[07:43
am] mikewd2 -: nice one shark on
AGNC
[07:43 am] apple : beautiful on
ABT
[07:43 am] shark : thx,
mike
[07:44 am] joeytsa : nice
shark
[07:44 am] shark : out last
1/2 30.70 AGNC l
[07:45 am] joeytsa
: nice trade, see you all in a little
bit
[07:45 am] shark : thx, bye
joey
[07:45 am] shark : i think
lightning can help me stay in trades
longer
[07:48 am] mikewd2 -: Would be nice
if Mitch threw up lightning chart on one of
these live trades.
[07:48 am] shark
: 🙂
[07:49 am] mikewd2 -: AMT
consolidating?
[07:50 am] shark :
WDAY moving
[07:51 am] mikewd2 -: would
love to short WDAY on a swing.
[07:51 am]
shark : yeah, no short
shares/options
[07:52 am] mikewd2 -:
yep
[07:54 am] reshef :
abt
[08:00 am] eddy : test
[08:00
am] shark : hi eddy
[08:00 am] Ed :
i see ya eddy
[08:00 am] eddy : hi
alll
[08:00 am] eddy : net was down
. just logged in
[08:00 am] shark :
u get that alot in Dubai?
[08:00 am]
eddy : im in lebanon
[08:01 am]
eddy : happens a lot unlike
dubai
[08:01 am] shark :
errr….lebanon?
[08:02 am] Ed : hey eddy
i placed a template of trading plan in
documents folder
[08:03 am] eddy :
just saved the file thanx Ed
[08:03 am] Ed
: dont see an ede reshef in shorting ABT at
these levels., it can continue to wedge up.
vol is light right now
[08:03 am] Ed : no
problem
[08:03 am] apple : MAKO
looks like an escalator
[08:04 am] Ed : if
u dont hit it right u can get frustrated,
more of advaned trade. But even here its no
touchy for me
[08:04 am] shark : vol
too light, Ed?
[08:04 am] Ed : yes no
conviction, and trendn up steadily
[08:05
am] shark : i agree
[08:06 am]
mikewd2 -: i think AMT wants more
Mitch
[08:07 am] mikewd2 -: SRPT still
moving
[08:07 am] eddy : hmmm missed
MAKO bottom
[08:07 am] mikewd2 -: eddy,
you might get another chance its a weak sick
stock
[08:07 am] mikewd2 -: be careful
with it
[08:08 am] eddy : will wait
and not chase
[08:08 am] Ed : 3 years ago,
i would have shorted it 50x in last 30
minutes. And then wonder what was wrong with
me. Now I would tell that trader i was 3
years ago. “duhh, uptrend, light vol. no
conviction, can churn upwards
[08:08 am]
apple : duh…lol
[08:09 am]
eddy : MIke we may have a go at UVXY
soon
[08:09 am] Ed : no edge
[08:09 am]
mikewd2 -: not me eddy
[08:09 am]
eyes : what stock you talking about
ED
[08:09 am] Ed : ABT
[08:11 am]
eddy : IVR setting up for short
now?
[08:12 am] mikewd2 -: out second long
on SRPT – I’m done for today, 3/3
[08:12
am] Ed : nice going mike
[08:12 am]
eddy : well done MIke
[08:12 am]
eyes : I told Myself I am going to make
500 today so far i am 650 away from my
goal
[08:12 am] mikewd2 -: now back to
real gambling – at casino in
shreveport
[08:12 am] khall : have
fun mike
[08:13 am] apple : nice
move off bottom on ES
[08:13 am] Ed : not
my style eddy, think that was Mitch
call
[08:14 am] apple : have fun
mike!
[08:14 am] eddy : short IVR
19.90
[08:21 am] eddy : stopped IVR
19.98
[08:22 am] eddy : Ed I should
have had higher than 19.98 or was I just on
the wrong side of the trade on IVR?
[08:23
am] Ed : would be better to see how it acted
at 20, nearest hold #, then if got rejected
wait for signal to short and then use 20.07
as stop
[08:24 am] Ed : i tend not to
trade those, as it requires lot more
patience
[08:25 am] eddy : 20
because it was the lower high of the
day?
[08:26 am] Ed : just lookn at the
round number as they can be potential
support/resistance areas, called
natural
[08:26 am] Ed : natural potential
areas of support/resistance
[08:28 am] Ed
: here are ur numbers decade whole 10,
20,30,40, 50,etc. then
1,2,3,4,5,6,7,8,9,10.
[08:29 am] Ed : and
also the .50 intervals especiall for trading
under 10
[08:29 am] eddy :
ok
[08:29 am] eddy : thx
Ed
[08:29 am] Ed : no problem
[08:31
am] Ed : but always be flexible as instead of
stoopping at say 10, it could be 9.98 or
10.01. If that makes sense
[08:33 am] Ed :
see looked what happend to NFLX when could
not close above. 300
[08:33 am] Ed : it
hit306 and change
[08:34 am] Ed : but 300
was that whole decade number could not
maintain
[08:34 am] shark : and AAPL
-705
[08:34 am] apple : nice V
bottom on ES and AAPL
[08:34 am]
joeytsa : good lesson on using rd
#’s
[08:34 am] Ed : exactly, thx
shark
[08:34 am] joeytsa : AGNC nice
move
[08:34 am] Ed : moving on up, like
the jefferson’s
[08:34 am] joeytsa :
🙂
[08:34 am] shark :
hahahaha
[08:35 am] shark : i still
have naked 30 puts sold off bottom
😉
[08:35 am] joeytsa : all those
price levels you mentioned are great to
eyeball
[08:35 am] Ed : see that eddy,
others, that whole decade # of 700 for
AAPL
[08:35 am] joeytsa : not just
decade, but century
[08:36 am] Ed : i just
group them all as decade, math background and
im littel crazy
[08:37 am] Ed : only on
weekend though
[08:37 am] Ed : but yes
agreed joey
[08:37 am] apple : ES
hod
[08:39 am] joeytsa : easier with
decades though
[08:39 am] Ed : in which
century???
[08:39 am] joeytsa :
🙂
[08:40 am] joeytsa : GILD nice
move past hour
[08:40 am] joeytsa :
on APPL chart that you have up, i see
dbl top/cup pattern
[08:44 am] Ed : nicey
joey
[08:45 am] joeytsa : nice move
on crude also
[08:48 am] qwert :
watching qcor
[08:49 am] qwert :
also watching urbn
[08:49 am]
joeytsa : eye on ILMN at $48
[08:52
am] reshef : ilmn?
[08:52 am]
eyes : ANN anty thoughts
[08:53 am]
Ed : no, flat, in small range
[08:55 am]
shark : bought to close 30 naked puts
AGNC +.40/contract
[08:55 am] shark
: all out
[08:55 am] joeytsa :
🙂
[08:56 am] reshef : ctxe
D.B
[08:57 am] apple : nice
shark
[08:58 am] joeytsa : ILMN came
up and touched me out
[08:59 am]
joeytsa : decent little short
though
[09:00 am] shark :
yeah
[09:01 am] Ed : nice call
joey
[09:01 am] joeytsa : took a
chance, was getting bored haha
[09:01 am]
Ed : ABT finally churned and burned
[09:02
am] joeytsa : just looking at
ABT
[09:02 am] Ed : thats why say those
one has to have patience
[09:02 am]
joeytsa : thats not me though
[09:02
am] Ed : welcome to the club
[09:03 am]
joeytsa : but at least i know that
about myself
[09:03 am] Ed : we know it
about you as well. 🙂
[09:03 am]
joeytsa : 🙂
[09:05 am] Ed : hey
joey it was only 4 bagger on AAPL, we need a
10 bagger
[09:06 am] shark :
lol
[09:07 am] shark : CMG was 10
bagger, Ed
[09:07 am] jsn13 : qcor
breaking out?
[09:08 am] shark : 45
to 442, ok 9.9 bagger
[09:08 am]
jsn13 : do u have an edge for the
breakout? at this lunch time?
[09:09 am]
jsn13 : ed, do we consider qcor as
short term uptrend on daily?
[09:09 am]
joeytsa : im working on it Ed
🙂
[09:10 am] Ed : 1 sec jsn
[09:11 am]
apple : shark, you are the funny
one!
[09:11 am] joeytsa : still wish
i loaded up on AAPL when it was $20
[09:12
am] apple : heck even at $100 was a
bargain…
[09:13 am] joeytsa : ES
sitting just under R1
[09:13 am]
joeytsa : yes, thank you Ed
[09:14
am] Ed : i really like the format
[09:14
am] apple : hope it can break on thru,
joey
[09:14 am] jsn13 : yes
downloaded it yesterday…did half of the
plan…still have half to go…
[09:14 am]
jsn13 : thank u so much
ed….
[09:14 am] joeytsa : doesnt
matter either way
[09:14 am] elisha
: will download it today
[09:15 am]
jsn13 : u demonstrate to us ur trading
plan…
[09:15 am] jsn13 : ed, u r
our role model…
[09:15 am] elisha
: again appreciate the time you are taking to
help us
[09:16 am] apple : E is
definitely the tops!
[09:17 am]
go4it : I missed it Ed
[09:17 am]
eyes : See you all later
[09:18 am]
elisha : it will get sandwiched in
tonight between NT videos and other
homework
[09:18 am] Ed : what i have
noticed, on high %, is that stocks that try
to breakout during NY lunch time tend to
fail
[09:18 am] Ed : hey bruce, i placed a
template of trading plan in documents
folder
[09:18 am] Ed : u dont have to use
it, but I really like it and used it for
myself and was sharing with group last
week
[09:19 am] jsn13 : thanks
ed….that was what i was thinking….not
enough participants to push the stocks
higher….i passed….
[09:19 am]
jsn13 : so u wont look for reversal
either on QCOR right?
[09:20 am] Ed : nice
going, yea thats why i started sticking with
fast movers or news movers especially during
that time
[09:20 am] shark : will
look at it later today, thx Ed
[09:20 am]
Ed : no will not look at reversal
either
[09:20 am] jsn13 : thanks
ed….good plan…..
[09:20 am] Ed : ok
shark
[09:30 am] joeytsa : beautiful
chart on GS
[09:30 am] shark :
yeah
[09:31 am] joeytsa : ILMN
another dlb bottom/cup
[09:31 am]
joeytsa : like Ed says, use caution
this time of day
[09:31 am] eddy :
Ed is GS shortable?
[09:32 am]
joeytsa : does it look weak to you
eddy?
[09:33 am] joeytsa : im asking
because every trader sees something
different
[09:33 am] elisha : does
it look weak to you joey? and if so,
why?
[09:33 am] lisas : I see a
unicorn
[09:34 am] eddy : well i
thought it might dip but obviously still
strong. i thought it may reverse at
resistance R2
[09:34 am] elisha :
wha??????
[09:34 am] joeytsa :
elisha, today it looks strong
[09:34 am]
joeytsa : just broke above the 2day
high also
[09:35 am] joeytsa : that
break and pullback to $123 was a nice low
risk buy area
[09:35 am] joeytsa :
that pattern usually works well with swings
on 52wk highs etc
[09:36 am] joeytsa
: or any high really, 1month,3 month
etc
[09:36 am] joeytsa : if long,
set stop just under that break/res
level…cant get hurt really
[09:37 am]
joeytsa : reverse pattern for down
stocks
[09:37 am] elisha : thx
joey
[09:37 am] elisha : now lisas –
what about the unicorn thing?
[09:38 am]
joeytsa : on GS, if it loses $123 with
some vol, you might get a 60cent move
possibly? but it is lunchtime, i mean
in general…
[09:38 am] lisas :
aahh, someone’s paying attention
[09:38
am] lisas : I’m just a little
bored
[09:38 am] apple : ES hit hod
– gotta go for now. see you all
later
[09:38 am] joeytsa : bye
apple
[09:39 am] lisas : bye
apple
[09:39 am] elisha : bye
apple
[09:40 am] elisha : appreciate
the explaination – see what you are talking
about but needed to be talked through
it
[09:40 am] elisha : and
lisas! I always read EVERY post –
sooner or later…..
[09:42 am]
lisas : good education elisha! I still
learn a lot that way. Often don’t catch up
until slow time of day though.
[09:43 am]
joeytsa : also re-read the transcript
at night
[09:44 am] joeytsa : AMT
hod
[09:45 am] Ed : ILMN still
bleeding
[09:45 am] joeytsa : sure
is
[09:46 am] Ed : hey eddy just read ur
q, agree with joey not much money in GS
short, also they have earnings
2morrow
[09:46 am] joeytsa : thats
what happens when you beat it with a hammer
🙂
[09:46 am] eddy : K thx Ed it is
obviously breaking out
[09:46 am] Ed :
yes, tends to move with market
[09:47 am]
joeytsa : mentioned this before, but GS
is good to watch a few minutes before major
reports
[09:47 am] lisas : oh wow,
like joey, I got stopped to early on my
short. already had some booked, but moved
trailer too close
[09:48 am] joeytsa
: esp if you dont have access to ES futures
data
[09:51 am] joeytsa : look at
that GS move, broke $123 ran right to next
whole #
[09:52 am] joeytsa : turned
into a 4:1 or 5:1 trade depending on where
you would have had your stop at
[09:52 am]
eddy : long UVXY 28.13
[09:55 am]
eddy : alll out UVXY 28.34
[09:56
am] Ed : nice quick scalp eddy
[09:56 am]
eddy : yup
[09:56 am] joeytsa
: way to go eddy
[09:57 am] Ed : this time
of day .5% or plus is good money
[09:57
am] joeytsa : watch GS on a break over
$124 now
[09:57 am] joeytsa :
caution would be time of day and that its
been on a nice run
[09:58 am] Ed : wow i
thought it was like 2pm est
[09:59 am]
joeytsa : nope, you have to stay
longer
[09:59 am] joeytsa : Mitch
wants the floors swept also
🙂
[09:59 am] Ed : lol
[10:00 am]
joeytsa : Ed: missed one of my setup on
GS..
[10:00 am] joeytsa : dbl top
with neg div
[10:00 am] Ed : shame on
you
[10:00 am] elisha : how did you
know GS was not going to do at 123 what it
did at 124?
[10:00 am] joeytsa : but
im ready for the long haha
[10:00 am]
joeytsa : you never know
[10:01 am]
Ed : cool mcdonalds salad
[10:01 am]
joeytsa : every trade at best is always
a guess
[10:01 am] elisha : I know
that – probabilities – but you called
it
[10:01 am] joeytsa : but when it
broke above 123, it pulled back and
held
[10:01 am] joeytsa : when it
tested 124 res, it never broke thru and indis
were on neg div
[10:01 am] elisha :
you mean it tested resistance?
[10:02 am]
elisha : at 123
[10:02 am]
joeytsa : right now its in no mans land
for me
[10:02 am] joeytsa : tested
res first at 123, broke thru it, then pulled
back to 123 which then acted as
support…
[10:03 am] joeytsa : when
it ran to 124, it hit it a few times on the
1min, but never broke thru
[10:03 am]
elisha : right, i meant
support
[10:03 am] joeytsa : when i
say 123 held, thats on close of candle, not
any wicks
[10:04 am] Ed : nice cup
breakout on 15min
[10:04 am] joeytsa
: GS has a pivot around 123.75 and then 124
just above, which made for nice profit
targets
[10:04 am] Ed : this is 15min
chart on GS
[10:05 am] joeytsa : yes
Ed, cup breakout on 5,15,daily at
$123
[10:05 am] elisha : Ed, will
you please point to the cup?
[10:05 am]
joeytsa : stop set at $122.80 for
example, most you lose is $200
[10:05 am]
joeytsa : on 1000 shares
[10:06 am]
elisha : thanks, but it looks so choppy
– the other cups you have pointed to looked
much smoother
[10:06 am] joeytsa :
cup can either be rounded or look like the
letter A
[10:06 am] Ed : but what u do is
train ur eye to see no matter
[10:07 am]
joeytsa : right, plus this cup was
sitting right on a round #
[10:07 am]
joeytsa : which was also the dbl top
from a month ago on the daily
[10:08 am]
joeytsa : earlier today $122 was the
2day cup breakout
[10:09 am] Ed : u see it
elisha on 1min chart
[10:10 am]
elisha : yes
[10:10 am]
joeytsa : GS coming up to $124 again,
lets see what happens here
[10:10 am] Ed :
will show u better view of what joey is
speaking of
[10:10 am] joeytsa :
this last move up on lower vol
[10:10 am]
ticktrader : Now that GS is approaching
double top is ti worth considering micro
short?
[10:10 am] Ed : u see
that
[10:10 am] joeytsa : actually
triple top on the 1min
[10:11 am]
elisha : yes, its actually cups layered
onto cups
[10:11 am] joeytsa : yes
elisha
[10:11 am] Ed : the black chart is
1 min 2 day chart
[10:11 am] elisha
: and at the right is he 2 day breakout joey
was talking about?
[10:11 am] elisha
: he = the
[10:12 am] Ed : but ur lookn
for clear move as in continuation over high
of friday
[10:12 am] Ed : yes
[10:12
am] Ed : this is friday here
[10:12 am] Ed
: will place x on friday
[10:12 am]
joeytsa : always good to have your
scanner programmed to find stocks approaching
yesterdays hi/lows
[10:12 am] elisha
: oh i see – fridays’s resistance became
support?
[10:13 am] Ed : dar u
go
[10:13 am] elisha : so what is
the fancy green x?
[10:13 am] Ed :
demarking fridays trade day
[10:13 am]
elisha : thx
[10:13 am]
joeytsa : ticktrader: aggressvie
traders might have shorted that touch of
$124
[10:14 am] elisha : i think my
brain just grew another neuron
[10:14 am]
joeytsa : safer would be to see a
re-test..i dont like the pattern as it is
now
[10:14 am] elisha : thank you
gentlemen
[10:14 am] ticktrader :
tks- Joey for feedback.
[10:14 am]
joeytsa : triple top, higher
low
[10:14 am] Ed : here is stock that
could not trade over fridays high
[10:14
am] Ed : STX
[10:14 am] joeytsa :
let it prove itself to you…
[10:15 am]
joeytsa : let other traders jump in the
water first 🙂
[10:15 am] Ed : so no
breakout on this one
[10:15 am]
elisha : can see that
[10:16 am] Ed
: here is just opposite of GS
[10:16 am]
joeytsa : so why waste time squeezing
blood from your wife…i mean a
turnip
[10:16 am] Ed : a
breakdown
[10:16 am] Ed : this one loss
the lod from friday
[10:16 am] Ed : and it
did so with vol
[10:16 am] elisha :
ah so and suport became resistance
again
[10:16 am] joeytsa : odds are
more to the downside would be my
thinking
[10:17 am] reshef : Ed,
What is the black chrt? line?
[10:17 am]
Ed : yes ur getting it
[10:17 am]
elisha : did you take this trade
Ed?
[10:17 am] Ed : the black chart
line?
[10:17 am] joeytsa : now if GS
moves above $124, should run it to
$125
[10:18 am] jsn13 : if enter,
how tight should the stop be? looks like
52.88 would be a nice level to
short…
[10:18 am] joeytsa :
mini-asc triangle on GS 1min
[10:18
am] Ed : yep could use 52.88 or
52.81
[10:19 am] Ed : not sure what u mean
resheff
[10:19 am] joeytsa :
agreed
[10:19 am] jsn13 : so the
stop above 53?
[10:19 am] Ed : or above
fridays lod which was 53.27
[10:20 am]
reshef : Do u use line chart to get tis
form?
[10:20 am] joeytsa : thats a
candlestick chart
[10:20 am] jsn13 :
good idea….learned something new…..so ed
u usually use above lod if u short at the
break? but i know it depends….
[10:20
am] Ed : candle stick chart
[10:20 am]
jsn13 : could be above cup handle if
there is…
[10:21 am] Ed : yes, vol is
key, on this one had been weak for 2
days
[10:21 am] joeytsa : jsn: also
try to eyeball profit target
[10:22 am] Ed
: chart of SRPT
[10:22 am] jsn13 :
yes agree….did not see it today….how to u
bulild up list to watch ed?
[10:22 am]
joeytsa : best advice is give yourself
4:1 odds
[10:23 am] jsn13 : but it
did that all the time…..i need
1:2….
[10:23 am] jsn13 : sometimes
i use tight stops….
[10:23 am] Ed : here
is sxample of stock if u missed the
breakdown, u see how stock trading barley
above fridays lod, and then bear cup and
broke again
[10:23 am] joeytsa :
yes, it will affect your stop
levels
[10:23 am] Ed : this is
SRPT
[10:23 am] joeytsa : nice break
Ed
[10:24 am] jsn13 : so would u buy
the bounce at the open at SRPT?
[10:24 am]
jsn13 : looks like it did not drop
close to prior day’s low…
[10:24 am]
elisha : so you knew when it broke
support at 27 the second time it was going
down for a while
[10:24 am] Ed : I was
lookn for breakout on this, and did not
mention cuz it look weak
[10:25 am] Ed : u
nver really know but u add up the info, like
daily had been weak
[10:25 am] Ed : had
been breakn down on daily for 6
dfays
[10:25 am] jsn13 : ed, so u
passed on the long bounce on SRPT at the
open?
[10:25 am] joeytsa : GS is
coiling
[10:26 am] ticktrader : ed,
I can see that SRPT stalled for few minutes
at Friday’s LOD before continuing
down.
[10:26 am] Ed : right, was
monitoring for strength, did not show up, so
did not mention
[10:26 am] jsn13 :
ok thanks….that could easily be a 50:50
odds trade…
[10:27 am] Ed : right so
coming into today, stock being weak for 6
days, look for break of fridays low with vol
is like high probability trade to
short
[10:27 am] jsn13 : looking for
short looks more reasonable…
[10:27 am]
Ed : right and we get that info from daily
and 15minute
[10:27 am] Ed : this is
15minute on SRPT
[10:27 am] jsn13 :
yup got that…weak since friday
afternoon…
[10:28 am] Ed : I was think,
we could possibly get reversal, but did not
happen
[10:28 am] jsn13 : after it
broke 29 support with volume…
[10:28 am]
jsn13 : nice to knwo bout the bias when
trading…
[10:28 am] jsn13 : thansk
ed for the lesson..
[10:28 am] Ed : and
chart o left is daily
[10:28 am]
jsn13 : looks like trying to fill the
gap…
[10:29 am] Ed : short signal here
on daily
[10:29 am] jsn13 : bearish
harami?
[10:29 am] reshef :
where?
[10:29 am] jsn13 : did u take
that short swing?
[10:30 am] Ed : right
jsn, thats what joey and I were speakn of,
especially for new guys, use daily or 15min
to find out what trend is, and that how u
want to be positioned
[10:30 am]
jsn13 : exactly….now i use them all
the time….very effective….
[10:30 am]
Ed : yes, I thik Mitch called short swing
also
[10:31 am] jsn13 : strongly
recommend to all traders…
[10:31 am] Ed
: now once u become advanced, if u so like u
can trade against prevailing trend, but would
strongly suggest not doing this until ur
profficient at basics
[10:32 am]
joeytsa : agreed Ed, pick the lower
hanging fruit
[10:32 am] jsn13 :
SRPT swing short looks like 1:1 risk to
reward trade….
[10:32 am] jsn13 :
if enter at around 37 bucks…
[10:33 am]
Ed : well said, but what if I am a
migget
[10:33 am] joeytsa :
haha
[10:33 am] ticktrader :
Ed/Joey- But most of our early AM trades are
filling the gap trades, irrespecitive of the
prevailing trend on daily chart.
[10:33
am] joeytsa : jsn, if you shorted at
$37..i would that is about 5:2 odds
[10:33
am] joeytsa : stop at $40, profit
target $30
[10:34 am] Ed : yes many of
them are, however, so many ideas are given
the fit all trading styles in room
[10:34
am] joeytsa : yeah ticktrader not to
mention you dont get your first 15min candle
until some of those market open gap moves are
already over
[10:34 am] jsn13 : so
joey u would use tight stop above 40….how
bout u ed? where is ur stop for that swing
short?
[10:35 am] joeytsa : on a
swing, i would have used $40..i didnt swing
though
[10:35 am] joeytsa : but at
least the odds gave me a decent
play
[10:35 am] Ed : ex., a great call was
given to take ABT long, it was with trend,
but I posted as advanced trade to short on
what i saw, only got .55 on $70 stock but was
happy with it
[10:36 am] joeytsa :
yeah but you are a midget haha
[10:36 am]
jsn13 : thansk joey for the
advice…..
[10:36 am] Ed : but that very
idea accomodated many traders
[10:36 am]
Ed : only on weekends joey
[10:36 am]
joeytsa : always think 2:1 at the very
minimum, 4:1 is ideal, but 5:2 or 3:1
still decent
[10:37 am] joeytsa :
which is why my problem trading is looking
for 20cent moves
[10:37 am] joeytsa
: if my target is 20cents, that means my stop
is 5-10cents
[10:38 am] Ed : lol
[10:38
am] joeytsa : now if my target is $1,
and after 20cents it stops moving in my
direction…then yes, you take
20cents
[10:38 am] jsn13 :
understand ur style joey….good
strategy….
[10:38 am] Ed : oops wrong
screen
[10:39 am] ticktrader :
Ed/Joey- thank you for explanation on profit
and stops.
[10:39 am] joeytsa : so
you set up a decent odds play, and then like
Mitch says..be flexible once you are
in
[10:40 am] elisha : but you
gentlemen don’t check the 15 min and daily
before EVERY trade entry, do you?
[10:40
am] Ed : yes i do
[10:40 am] Ed : i have
to know where i am
[10:40 am] Ed : so to
speak
[10:40 am] joeytsa : i dont,
but really should
[10:41 am] elisha
: ok, yet another rule to write
down
[10:41 am] jsn13 : i
do….improve my accuracy by
alot…
[10:41 am] jsn13 : have
better selections…
[10:41 am]
elisha : its now a rule for
me
[10:41 am] joeytsa : always ask
yourself ” am i trading WITH order flow, or
AGAINST it?”
[10:42 am] joeytsa :
lunch time..see you all in 30
[10:42 am]
Ed : c ya joey
[10:42 am] elisha :
bye joey
[10:42 am] lisas : bye joey
joey
[10:43 am] Ed : lisa lisa
lisa
[10:43 am] lisas :
lol
[10:43 am] joeytsa : just
remember, even with all those charts, odds on
your side, etc etc..trades still
fail
[10:43 am] joeytsa : you cant
control that, only your risk amount
[10:43
am] Ed : so twue, where is da
wabbit
[10:44 am] joeytsa : wascasy
wabbit
[10:44 am] Ed : lol
[10:44 am]
elisha : lol
[10:44 am] Ed : as u
all can see, i dont get out much
[10:44
am] elisha : thats not what doji
says
[10:45 am] Ed : he let my secret
out
[10:45 am] elisha : was that you
Ed? and if so how do you do that?
[10:45
am] Ed : lol
[10:45 am] Ed : laughing at
elisha
[10:46 am] Ed : we have some sounds
uploaded
[10:46 am] elisha : what do
you mean “at”? Not with????
[10:47 am] Ed
: who posted that
[10:48 am] elisha
: If they did Mitch, it was using the
martingale method, right lisas?
[10:48 am]
Ed : or elliot wave
[10:48 am]
reshef : I hear it, some
shout
[10:49 am] lisas : yeah, or Ed
with his one share account
[10:51 am] Ed :
.1 share
[10:52 am] Ed : dicspline is very
key in trading, if not this is what will
happen
[10:52 am] qwert :
hahahaha
[10:53 am] elisha : you are
having too much fun Ed, party for
one!
[10:53 am] Ed : I think Im good now,
I found the screw
[10:53 am] eddy :
Ed check out S Possible
breakout??
[10:54 am] Ed : no, trading in
a range
[10:54 am] Ed : between prev.
close and lod
[10:56 am] Ed : when we say
something is in tight/small range, as a Pro
Trader there is no edge to
participate,
[10:56 am] jsn13 : btw
when does ur prio day range include premarket
and after hours?
[10:56 am] jsn13 :
i mean does ur prior day range include
premarket and after hours?
[10:56 am] Ed :
in small range the buyers/sellers are still
fighting it out and no one has upper
hand yet
[10:57 am] Ed : i never
include post market
[10:58 am] Ed : i wil
include premarket but not on main charts im
trading on
[10:58 am] jsn13 : how
bout ur 2 days 1min chart?
[10:58 am] Ed :
the black charts I show, they have
premarket
[10:59 am] Ed : only time I pull
up post market on chart is if Im going to
trade post market
[10:59 am] jsn13 :
so u still need premarkte?
[11:00 am]
jsn13 : ok can u show us ur 2 days 1min
chart again?
[11:00 am] Ed : if Im trading
post marke, Im only using post market infor,
but I would not suggest trading post
market
[11:00 am] jsn13 : so u start
from 8am est to 4pm est?
[11:00 am] Ed :
yes
[11:00 am] jsn13 : ok how bout
ur 15min chart?
[11:00 am] jsn13 :
same or just 9.30-4pm est?
[11:01 am] Ed :
just 9:30 -4pm est
[11:01 am] jsn13
: for ur main chart, u have prior day OHLC
right? do they include premarket?
[11:02
am] Ed : no, those charts do not inlcude
premarket
[11:02 am] jsn13 : so ur
OHLC indicator just show ur regular hours
trading OHLC…
[11:03 am] Ed :
yes
[11:03 am] jsn13 : thanks….cos
when i look at my main chart, i wonder if i
shuould trust my OHLC cos i have premarket
on….
[11:03 am] jsn13 : will
change it then…thanks….
[11:04 am]
jsn13 : btw ed. did u take that ILMN
long bounce? at around 12.40 ish
est….
[11:04 am] Ed : i only have
premarket on my charts that have very little
info, like candle chart, vol and maybe a
ma
[11:04 am] Ed : yes i did
[11:05 am]
Ed : normally I would not, but did
today
[11:05 am] jsn13 : this is a
great example of high probabilty lunch time
trade right?
[11:06 am] Ed : yes felt was
higher prob. but the thing i did do was trade
smaller than my normal position or share
size
[11:06 am] jsn13 : nice
potential clear support on
daily….consecutive sellling with volume and
clear reversal signals….
[11:06 am] Ed :
whering, normally i trade 1k to 2k shares, on
this only traded 500
[11:06 am]
jsn13 : good trade…
[11:07 am]
jsn13 : understand…
[11:07 am]
jsn13 : nice one…
[11:07 am]
jsn13 : btw why do u have premarket
data on charts that have very little
data?
[11:08 am] Ed : i like to see
clearer picture, with non distorted
view
[11:08 am] Ed : or clutter
[11:09
am] jsn13 : for those charts, do u have
prior day OHLC indicator on?
[11:09 am] Ed
: only vol, and some may have ma
[11:10
am] Ed : ma=moving avg
[11:10 am]
jsn13 : ok so those charts are for
stocks to watch, then once they looks good, u
load them on ur main screen which is linked
to ur daily, 15min and 2days 1min
chart?
[11:10 am] jsn13 : looks good
means have nice setup….
[11:11 am] Ed :
correct
[11:11 am] jsn13 : can u
show us again ur main 1min chart?
[11:12
am] Ed : 1 sec
[11:12 am] jsn13 :
sure…sorry for the trouble….
[11:15
am] Ed : at top both 1min charts, at bottom
my daily
[11:16 am] jsn13 : what is
the diff between the 2 1min charst at the
top?
[11:16 am] jsn13 :
*charts
[11:16 am] elisha : I second
that question
[11:17 am] Ed : one only has
vol, and linear regression line
[11:18 am]
Ed : my tradestation setup, showing sim acct.
as could not figure how to not show regular
acct number
[11:18 am] jsn13 : ok
thanks alot ed for showing….
[11:19 am]
elisha : thx
[11:19 am] Ed : black
chart is my 15min thats linked to 1st screen
i showed
[11:19 am] Ed : all white charts
are 1min, clear charts like i
mentioned
[11:20 am] Ed : my 1min 1 day
charts
[11:20 am] Ed : sorry meant 1min 2
day charts
[11:21 am] Ed : and charts for
the room
[11:21 am] jsn13 : ok very
good….thanks….
[11:21 am] jsn13
: now i have a very clear
pciture….
[11:21 am] reshef : i am
loosing my account every few
seconds
[11:21 am] Ed : my futures, is on
totally different system
[11:22 am]
dmitry : Ed show your tradestation set
up one more time please i missed
it?
[11:22 am] go4it : Ed I just
read trading plan template good advice I
think I’ll start a journal. Thanks
[11:22
am] Ed : nice to hear bruce
[11:23 am]
jsn13 : ed, on futures, what do u trade
besides CL, crude oil?
[11:24 am] Ed : i
trade gold, silver, and the
currencies
[11:24 am] go4it : BTW I
like that heat map for volume you had on
projector. Can I do yhat with T/S?
[11:25
am] dmitry : thank you Ed!
[11:25
am] jsn13 : thanks ed…..for futures,
do u have the same charts setting?
[11:25
am] Ed : just dont have enough room it seems
on TS, thats why i have the others to blow
things up
[11:26 am] jsn13 : or i
should say u go through the same
process?
[11:26 am] jsn13 : except
for using 30min chart to find s/r
levels…
[11:26 am] jsn13 : how
many days of 30min chart do u load?
[11:26
am] Ed : yes, i trade of 1minute and use
30min for my trading levels for day
[11:27
am] shark : joey? horse trading coming
up on CNBC
[11:27 am] jsn13 : do u
look at daily chart for every futures
trade?
[11:29 am] Ed : Only time I will
look at daily, wil be if CL losses the 5 day
outlook i have for 30minute
[11:29 am]
jsn13 : so u look at 5 days 30min chart
for s/r levels?
[11:29 am] Ed : on forex,
i look at daily, then 15minute, then 5minute
then trade on 1min
[11:30 am] Ed :
yes
[11:31 am] jsn13 : and u have
the data for the whole day?
[11:31 am]
jsn13 : not just regular trading hours
right?
[11:31 am] Ed : what was question
jsn
[11:32 am] jsn13 : as in for
futures, ur 1min and 30 min charts will have
data for the whole day instead of just
regular trading hours right?
[11:32 am]
shark : SPY pulling back
[11:33 am]
Ed : ninja has defalut settn for
24/7
[11:33 am] shark : what chart
svce you use jsn?
[11:33 am] Ed : thats
what mine is set too
[11:33 am]
jsn13 : ninja….
[11:33 am]
shark : thx
[11:33 am] jsn13 :
se means u just use that default 24/7 for
futures trading?
[11:36 am] Ed :
yep
[11:36 am] jsn13 : ok
thanks….
[11:39 am] joeytsa :
shark: missed the horse trading
segment
[11:39 am] shark : still
coming up
[11:39 am] joeytsa : oh
ok…big money
[11:40 am] shark :
🙂
[11:40 am] joeytsa : even with my
horse, she was almost $100K
[11:40 am]
joeytsa : some go for
millions
[11:41 am] shark : “how to
add ponies to your portfolio” was the heading
for “alternative investments” segment all
week -CNBC
[11:41 am] joeytsa :
cool, looking forward to it
[11:42 am]
joeytsa : world championships coming up
1st week of november at Santa
Anita….
[11:42 am] joeytsa : our
stable should have a horse running
🙂
[11:42 am] shark : best horses
from all over the world?
[11:42 am]
joeytsa : yep
[11:43 am] shark
: is that an annual event?
[11:43 am]
joeytsa : yes, last year i went to
Louisville for it when my horse ran
[11:43
am] joeytsa : its at SA this year and
next year
[11:43 am] shark : ahhh,
gotcha
[11:50 am] joeytsa : ISRG
decent day with earnings tomorrow
[11:50
am] joeytsa : one of those stocks that
tends to have big earnings jumps
[11:58
am] joeytsa : shark: horse story on
now
[11:58 am] qwert : watching
gmcr
[11:59 am] joeytsa : nice
qwert
[12:00 pm] joeytsa : shark:
West Point Thoroughbred is a class act all
the way
[12:00 pm] shark :
🙂
[12:00 pm] joeytsa : they run
horses at most major tracks
[12:01 pm]
shark : wow
[12:01 pm] joeytsa
: would never recommend “investing” in a
horse though haha
[12:01 pm] shark :
😉
[12:02 pm] shark : i need more
liquidity
[12:02 pm] joeytsa : money
pit, low chance of making money unless you
get lucky
[12:02 pm] Ed : the arabians
ones?
[12:02 pm] joeytsa : arabian
horse are slower than trading in the
summertime 🙂
[12:02 pm] shark :
horses like options, they expire
[12:02
pm] Ed : for show
[12:03 pm] shark :
you just don’t know when
[12:03 pm]
joeytsa : yeah, plust constant
overhead
[12:03 pm] shark : my
options don’t call me up and ask for more
food
[12:03 pm] qwert :
hahaha
[12:03 pm] joeytsa : it cost
us $30K just to run in the Breeders Cup last
year
[12:03 pm] joeytsa : not
counting shipping the horse there
[12:04
pm] Ed : and did u feed the horse lat
year
[12:04 pm] shark : what % of
horses made profit (after expenses) at
Breeder’s Cup?
[12:04 pm] Ed : so add
those cost
[12:04 pm] joeytsa : 30%
maybe
[12:04 pm] joeytsa : winners
share of our race was $600K
[12:05 pm]
joeytsa : 4th place would have broken
even
[12:05 pm] joeytsa : she lost
all chance when she hurt her knee in the
stretch
[12:07 pm] joeytsa : GS
still hasnt wanted to break over $124
yet
[12:09 pm] jsn13 : ed, did u
take that GMCR long? if yes, what time and
price?
[12:10 pm] Ed : no did not take
it
[12:10 pm] jsn13 : ok
thanks….
[12:13 pm] Ed : my daughter was
asking me about a stock
[12:14 pm]
qwert : how old is your daughter
Ed
[12:14 pm] Ed : 17
[12:15 pm]
qwert : mine is 18 i have been showing
her the charts and letting her try my sim
account on futures
[12:16 pm] Ed :
cool
[12:16 pm] jsn13 : qwert, did u
take GMCR long just now?
[12:16 pm]
joeytsa : just keep them away from
doji..he will be in the states this week
🙂
[12:16 pm] qwert :
hahaa yeah she was excited she
made 11 tics on the cl
[12:16 pm] Ed : so
if she does not remain disciplined we will
hear
[12:16 pm] qwert :
hahaha
[12:16 pm] qwert :
exactly
[12:17 pm] Ed : nice trade she
had
[12:20 pm] jsn13 : so ed, if u
see that GMCR would u trade it or
pass?
[12:20 pm] Ed : pass this time of
day, unless it sold off some more
[12:21
pm] jsn13 : ah i see….i just wana
check if i am overly selective…
[12:21
pm] eddy : see you all
[12:21 pm]
eddy : im outta here
[12:21 pm] Ed :
c ya eddy
[12:25 pm] joeytsa :
tighten GMCR as it nears $22 if
long
[12:25 pm] joeytsa : im not in
it, just looking at it
[12:27 pm]
joeytsa : MSCI
[12:27 pm]
joeytsa : big vol spike down
[12:28
pm] joeytsa : only about a 40cent
move
[12:30 pm] joeytsa : both
BIDU,AMZN hod
[12:35 pm] joeytsa :
Thanks Mitch,Ed, everyone..have a great
day
[12:35 pm] Ed : c ya joey
[12:35
pm] khall : bye joey
[12:39 pm]
elisha : bye joey
[12:44 pm]
khall : I’m out as well. See you all
tomorrow – have a great evening
[12:44 pm]
elisha : bye khall
[12:44 pm]
ticktrader : later Khall
[12:44 pm]
taco : bye khall
[12:44 pm]
khall : bye guys 😉
[12:46 pm] Ed :
c ya khall
[12:52 pm] elisha : just
downloaded template – will do that after a
walk to clear the head. Thanks again
Ed
[12:53 pm] Ed : no problem
[12:56
pm] go4it : Ed just want to say thanks
for the candid sharing of charts and such
earlier 🙂
[12:56 pm] Ed : no
problem
[12:56 pm] victor51 : Hi Ed,
i will be back to my normal time tomorrow.
Thanks for the Plan
[12:57 pm] Ed : ur
welcome
[12:57 pm] elisha : GN
Mitch, Ed and everyone
[12:58 pm]
taco : c ya elisha
[12:58 pm]
elisha : bye taco
[12:58 pm]
ticktrader : CY tomorrow
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