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The Power of 2% Chat Transcripts


01/30/06 Chat Session

Ken-ST Moderator: [b]Good Morning[/b] [b]Todd, Goldy[/b]

Amlo has entered DayTrading Chat

Cale how about MYOG?

Ken-ST Moderator: [b]Good Morning[/b] [b]Amlo[/b]

cbat has entered DayTrading Chat

Amlo gm ken, and everyone

Ken-ST Moderator: [b]Good Morning[/b] [b]cbat[/b]

julie kron

James-ST Moderator: hey cbat, goldy

julie oops

jg has entered DayTrading Chat

Ken-ST Moderator: [b]Good Morning[/b] [b]jg[/b]

cbat gm james - everyone

julie NDAQ

julie PAAS

julie ICUI

julie SYXI

Amlo2 has entered DayTrading Chat

julie RTEC

shawnt has entered DayTrading Chat

jazztrade has entered DayTrading Chat

julie ZRAN

rex has entered DayTrading Chat

salozar has entered DayTrading Chat

Ken-ST Moderator: NDAQ back into recent trading

Ken-ST Moderator: PAAS good

Dass has entered DayTrading Chat

Ken-ST Moderator: ICUI may be good, we will look after the open

Ken-ST Moderator: SYXI may be thin

Ken-ST Moderator: RTEC back into recent trading

Ken-ST Moderator: CME is good

fammari has entered DayTrading Chat

fammari GM everyone

JR howdy

fammari has logged out

Ken-ST Moderator: ADM is good

Cale I got MYOG at 19.56 in my IRA account back in November

camel has entered DayTrading Chat

salozar has logged out

salozar has entered DayTrading Chat

fammari has entered DayTrading Chat

Mats has entered DayTrading Chat

fammari GM all

tryhard has entered DayTrading Chat

tryhard GM

limey has entered DayTrading Chat

Birddog has entered DayTrading Chat

Dass has logged out

Ken-ST Moderator: [b]Good Morning[/b] [b]fammari, camel, salozr, Mats, tryhard, limey Birddog[/b]

Ken-ST Moderator: nice Cale

RoGeRj has entered DayTrading Chat

Birddog gm evbdy

camel gm ken

rontrue has entered DayTrading Chat

JR don't see ADM, ZRAN, or CME on the list to the left

snp has entered DayTrading Chat

snp gm

rontrue gdm to all

jg has logged out

jg has entered DayTrading Chat

david has entered DayTrading Chat

david Morning

Sam has entered DayTrading Chat

Dass has entered DayTrading Chat

guru has entered DayTrading Chat

Dass morning all.

James-ST Moderator: hey guru, dass, sam, david rontrue, snp, camel, birddog, roger, anyone i missed

Ken-ST Moderator: [b]Good Morning[/b] [b]RoG, rontrue, snp, jg, david, Sam, Dass, guru[/b]

guru gm to all

Ken-ST Moderator: JR sorry they will be added shortly

ZacS has entered DayTrading Chat

Ken-ST Moderator: [b]Good Morning[/b] [b]ZacS[/b]

johnboy has entered DayTrading Chat

johnboy good morning team

Ken-ST Moderator: [b]Good Morning[/b] [b]jb[/b]

Sam GM all

tako has entered DayTrading Chat

kami has entered DayTrading Chat

Ken-ST Moderator: [b]Good Morning[/b] [b]tako, kami[/b]

Ken-ST Moderator: I have a feeling many of the Type B stocks may be cancelled after the open

Ken-ST Moderator: due to spread

James-ST Moderator: hey tako, kami, sam, jb

snp2 has entered DayTrading Chat

Cale Ken, What makes a bad spread?

kami gm all

ash has entered DayTrading Chat

snp has logged out

jy has entered DayTrading Chat

ash gm all

jy gm

James-ST Moderator: hey jy, ash

bigb has entered DayTrading Chat

James-ST Moderator: cale, usually spreads over 1% of the stock price itself

James-ST Moderator: hey bigb

bigb hey james

jose has entered DayTrading Chat

Cale Looks like RECN has already gone lower then its Trigger

jose gm James, Ken, everyone

Ken-ST Moderator: yes we may have to cancel that one

Ken-ST Moderator Update!

Ken-ST Moderator Update!

Ken-ST Moderator: CANCEL RECN FOR NOW

Ken-ST Moderator: [b]Good Morning[/b] [b]jy, bigb, jose[/b]

ZacS crap... my ndaq didn't sell off even tho I had it set on a good limit before the end of market.  argh!

Ken-ST Moderator: yikes Zac

Ken-ST Moderator: GM everone

julie1 has entered DayTrading Chat

Ken-ST Moderator: Market Assessment:

ZacS s now I need a awesome day

Ken-ST Moderator: Daily chart:  above the 5 day EMA, stoch up

Ken-ST Moderator: Hourly Chart:  uptrend

Ken-ST Moderator: 5 min:  downtrend

Ken-ST Moderator: futures ar gapping down about 2.5 points

Ken-ST Moderator: Overall there is still an uptrending bias to the market

Hunter has entered DayTrading Chat

Ken-ST Moderator: lets hit them hard in the morning gang

Ken-ST Moderator: we will not have much trading until after the fed decision

ZacS so basically since the ask is at 42.50 that's around what it will open?

julie has logged out

Ken-ST Moderator: [b]Good Morning[/b] [b]Hunter[/b]

Hunter : gm guys

Sam has logged out

Ken-ST Moderator: FOMC is released at 2:15 pm est

Ken-ST Moderator: yes zac

Amlo Ty

ZacS oh god... rgh

Ken-ST Moderator Update!

Ken-ST Moderator: RECN is canceled

gd Let's do it well

Ken-ST Moderator Update!

Ken-ST Moderator: Cancel MYOG

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]PAAS 24.01[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]PAAS 24.01[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]PAAS 24.01[/b]

Dass has logged out

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]RNOW 16.59[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]RNOW 16.59[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]RNOW 16.59[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]KRON 42.30[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]KRON 42.30[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]KRON 42.30[/b]

Ken-ST Moderator: KRON IS CLOSE

Dass has entered DayTrading Chat

Ken-ST Moderator: NOT YET ON KRON

Sam has entered DayTrading Chat

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]ZRAN 22.36[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]ZRAN 22.36[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]ZRAN 22.36[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]ACAD 13.26[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]ACAD 13.26[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]ACAD 13.26[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: CANCEL CTHR WATCH

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SEPR 54.39[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SEPR 54.39[/b]

Ken-ST Moderator: PAAS IS CLOSE

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]PAAS 24.01[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]PAAS 24.01[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]PAAS 24.01[/b]

Ken-ST Moderator: ACAD IS CLOSE

James-ST Moderator: RNOW IS CLOSE

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]SMTS 24.99[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]SMTS 24.99[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]SMTS 24.99[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]RNOW 16.59[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]RNOW 16.59[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]RNOW 16.59[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]STOPPED Consider exit in[/b] [b]PAAS [/b]

Ken-ST Moderator: [b]STOPPED Consider exit in[/b] [b]PAAS [/b]

Ken-ST Moderator: [b]STOPPED Consider exit in[/b] [b]PAAS [/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]ATHR 18.90[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]ATHR 18.90[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]ATHR 18.90[/b]

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]SMTS 24.99[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]SMTS 24.99[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]SMTS 24.99[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SMTS 25.59[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SMTS 25.59[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SMTS 25.59[/b]

Ken-ST Moderator: SEPR IS CLOSE

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SEPR 54.39[/b]

9762 has entered DayTrading Chat

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SEPR 54.39[/b]

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]SEPR 54.39[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]SEPR 54.39[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]SEPR 54.39[/b]

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]SMTS[/b]

James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]SMTS[/b]

Ken-ST Moderator Buy!

James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]SMTS[/b]

Ken-ST Moderator Buy!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]ACAD 13.26[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]ACAD 13.26[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]ACAD 13.26[/b]

9762 sepr shows to 24.01 where to you get 54

Sam has logged out

bigb 9762???

James-ST Moderator: ah 9762, sb 54.39

Ken-ST Moderator Profit!

Ken-ST Moderator Profit!

Ken-ST Moderator Profit!

Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]ACAD [/b]

Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]ACAD [/b]

Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]ACAD [/b]

James-ST Moderator: SMTS NEW LOD

jg what the stp in sepr

Ken-ST Moderator: LOD

joe Did ATHR kick in

Ken-ST Moderator: NO

fammari stop in SEPR?

Ken-ST Moderator: lod

Ken-ST Moderator Profit!

Ken-ST Moderator Profit!

Ken-ST Moderator Profit!

Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]RNOW[/b]

Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]RNOW[/b]

Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]RNOW[/b]

Ken-ST Moderator: ATHR IS CLOSE

James-ST Moderator: rnow new lod

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]ATHR 18.90[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]ATHR 18.90[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]ATHR 18.90[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]ATHR 18.39[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]ATHR 18.39[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]ATHR 18.39[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]ATHR  [/b]

Ken-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]ATHR  [/b]

Ken-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]ATHR  [/b]

Ken-ST Moderator Profit!

Ken-ST Moderator Profit!

Ken-ST Moderator Profit!

Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]ATHR  [/b]

Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]ATHR  [/b]

Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]ATHR  [/b]

James-ST Moderator: SMTS NEW LOD

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SEPR 53.89[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SEPR 53.89[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SEPR 53.89[/b]

jose ty James, Ken see you tomorrow morning, good luck everyone!

Ken-ST Moderator: Cool jose

James-ST Moderator: ok jose take care

Ken-ST Moderator: take it easy

jose has logged out

James-ST Moderator: smts new lod

Mats ty guys, another good morn

James-ST Moderator: awesome mats

Mats has left the room

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]ADM 31.11[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]ADM 31.11[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]ADM 31.11[/b]

James-ST Moderator: RNOW, SMTS NEW LODS

Todd-SOF Direct has logged out

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]SEPR[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]SEPR[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]SEPR[/b]

Ken-ST Moderator: [b]Intraday Trend is Sideways to Down[/b]

Ken-ST Moderator: rISK NOTHING ON SEPR

Ken-ST Moderator Profit!

Ken-ST Moderator Profit!

Ken-ST Moderator Profit!

Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]SEPR[/b]

Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]SEPR[/b]

Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]SEPR[/b]

jy SEPR - GJ ty I bought more at 54.09

Ken-ST Moderator: nice jy

Ken-ST Moderator: wtg

jy ty

Ken-ST Moderator: handsome bro

James-ST Moderator: HANDSOME JY

ZacS great morning if I had not had those NDAQ in my hand

jy ocnfidence in your guys

James-ST Moderator: ouch zacs

ZacS yeah 5 points... hurt

Cale Ken/James  do you think RNOW has room to go lower?

ZacS so 4 more points to go

James-ST Moderator: cale, could be hitting support created Sept 19 ......16.00

Cale okya good, thanks

James-ST Moderator: Good 3%+ on RNOW........no sense it pressing it more

James-ST Moderator: SEPR new HOD

jazztrade ADM close

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]ADM 31.11[/b]

Ken-ST Moderator: TY JAZZ

jy SEPR still running

Ken-ST Moderator: PAAS

Ken-ST Moderator: NOT A BAD SETUP AT A NEW HOD

julie1 Just played our strategy on NAPS.....lol .04=1%

Ken-ST Moderator: FOR THOSE WHO WANT TO TRY AGAIN

James-ST Moderator: SEPR new HOD

Ken-ST Moderator: TIGHT STOP NOTED AT 23.94

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]ADM 31.11[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]ADM 31.11[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]ADM 31.11[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]ADM 30.74[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]ADM 30.74[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]ADM 30.74[/b]

Dusty I held onto it until I came out just shy of even on a breakdown below 24.

James-ST Moderator: PAAS new HOD

James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]ADM[/b]

James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]ADM[/b]

James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]ADM[/b]

Ken-ST Moderator: thank you Dusty for brining that one up to the room

Dusty yeeeeeeeehaw I love it when an evil plan comes together!

James-ST Moderator: TY DUSTY

James-ST Moderator: lmao

Ken-ST Moderator: haha

James-ST Moderator: kinda surprised, i didnt think today.....at least prior to FOMC would have much action

Dusty safc close

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator: [b]TYPE A Trade (Breakdown). Consider Short[/b] [b]SAFC 53.11[/b]

Ken-ST Moderator: [b]TYPE A Trade (Breakdown). Consider Short[/b] [b]SAFC 53.11[/b]

Ken-ST Moderator: [b]TYPE A Trade (Breakdown). Consider Short[/b] [b]SAFC 53.11[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SAFC 53.91[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SAFC 53.91[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SAFC 53.91[/b]

James-ST Moderator: ADM NEW HOD

RoGeRj sweet!!!!!!!

jy Just exited the last 1/2 of ADM at 31.85

Ken-ST Moderator Update!

jy it's still too early

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ADAM 12.93[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ADAM 12.93[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ADAM 12.93[/b]

Ken-ST Moderator: that is sweet jy

salozar ADAM?

rontrue has logged out

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ACAD 12.93[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ACAD 12.93[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ACAD 12.93[/b]

Ken-ST Moderator: typo, sorry about that

Ken-ST Moderator: s/b ACAD

Ken-ST Moderator: ATHR new hod

rex FYI, ACAD was a cramer pick last night, could do strange things

Cale I like to wait a bit then Short the Cramer picks

Birddog gotta go,,Fantastic morning Ken, James

Ken-ST Moderator: nice Birddog

Ken-ST Moderator: gj

Ken-ST Moderator: Have a good one

Birddog has left the room

rex this one is acting a bit different today, usaully spike right after open then has a sharp drop followed by a slow rise for the rest of the day

Dusty Etrade can't short ACAD!

joe can't short with Cyber either

rex because everyone on etrade is tring to short cramers pick

Ken-ST Moderator: alrighty gang,

Ken-ST Moderator: keep your trades light

Ken-ST Moderator: fed meeting today

jy ACAD close

Ken-ST Moderator: market could go into a lull

Ken-ST Moderator: main thing is to make your profits early and relax until after the announcement

Ken-ST Moderator: if you made your profits early this am

JR Ken, do you think the market will rally after the Fed meeting

Ken-ST Moderator: consider taking a break

Ken-ST Moderator: no clue JR

Ken-ST Moderator: wish I knew

rex acad 100 vol avg 47,951, today5+mill

Cale I wish you know too

julie1 me too

Cale we all would be RICH RICH RICH

Ken-ST Moderator: Ill be around gang, but heading over to the futures room

rex gl

Ken-ST Moderator: ty

Ken-ST Moderator: PAAS new hod

Ken-ST Moderator: pos

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]ACAD 12.93[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]ACAD 12.93[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]ACAD 12.93[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]ACAD 13.14[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]ACAD 13.14[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]ACAD 13.14[/b]

rex can anyone here sht ACAD

gd athr hod

ZacS I'm in ACAD

jy yes, rex.

rex no luck here

jazztrade jy, which broker do you use?

julie1 I could but didnt

Cale I got it short too at 12.94

Cale of course it goes up now

rex I dont like to touch the cramer picks, been burned b4

julie1 Ken, is SYXI valid on hod and lod?

Ken-ST Moderator: yes julie

julie1 ty

Todd-SOF Direct has entered DayTrading Chat

david has logged out

david has entered DayTrading Chat

Cale Well Gang, since I am up, nicly for the day I am going to take my toys and head off to the gym

Cale See ya all later today

James-ST Moderator: ok cale do some squats for me

julie1 say hi to hans and frans ok?

Todd-SOF Direct has logged out

Cale James, its all upper body today, light leggs

Cale LOL okay Julie :)

julie1 lol

limey ACAD at 13.12 any hope !

Ken-ST Moderator Update!

Ken-ST Moderator: [b]STOPPED Consider exit in[/b] [b]ACAD  [/b]

Ken-ST Moderator: [b]STOPPED Consider exit in[/b] [b]ACAD  [/b]

Ken-ST Moderator: [b]STOPPED Consider exit in[/b] [b]ACAD  [/b]

jy SAFC close to profit

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James-ST Moderator: hey bob

Bob Hi James, hey Ken, all

James-ST Moderator: Wow!

James-ST Moderator: That live LA police beating.....crazy

Ken-ST Moderator Profit!

Ken-ST Moderator Profit!

Ken-ST Moderator Profit!

ZacS hmm in LA and watching the news and don't see it.  what channel

James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]SAFC[/b]

James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]SAFC[/b]

James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]SAFC[/b]

James-ST Moderator: Just on CNBC.....

jy ty

johnboy Louisiana or Los Angeles?

James-ST Moderator: Helicopter......one of the officers was just stomping on the guy......

Ken-ST Moderator: oh, I thought you were raving about Suze Orman

James-ST Moderator: hmmm......not sure jb......now that i think about it probably not LA.....they are too conscious now of that

gd I think it was St Louis

James-ST Moderator: AH OK TY GD

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James-ST Moderator: still though......rough

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johnboy in my neck of the woods, the cops take you into custody, and in the elevator down to the holding cells, they have phone books that oh so nicely prevent any bruises when they lay the boots to you with their billy clubs...............I have heard....lol

bigb ouch

James-ST Moderator: [img id=em-5]

johnboy note to room: never win a bar fight against an off-duty cop........you lose in the long run

James-ST Moderator: My friend is a Portland Cop.....he tells me some stories....but you know......when you hear the background leading up to these "abuses" you may see it as justified......

johnboy agree James, that must be one of the toughest jobs out there, people lying to you all the time

gd Johnboy...was the off duty cop a man or woman :)

Ken-ST Moderator: lol gd

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Ken-ST Moderator: rotflmao

rex i had a very good friend who was a phoenix cop and was shot in the butt, we never let him forget, but he tells me its a rought night for anyone that hurt a cop

johnboy lol gd

johnboy she was big, I swear!

Ken-ST Moderator: haha

gd jb lol

Hunter : rotflmfao

James-ST Moderator: yeah.....he told me of a call to a trailer park.....officers responded listening live to 911 call a woman screaming for help.....when they got there, the druggie boyfriend had sawed off her head......guess what the cops did to him.......

johnboy this guy was drunk and insulting my friends, so I told him once to bugger off........and he didn't

rex holly crap

johnboy jeepers james, it's a little early for that kind of story

Hunter : there goes breakfast !

James-ST Moderator: yeah sorry......but the point was, after you hear the story leading up to some of these incidents you kinda see why the cops respond in such a way

gd room and board???

johnboy my guess is two shots in the chest, followed by a warning shot in the ceiling

gd lol

James-ST Moderator: [img id=em-5]

Ken-ST Moderator: lol

James-ST Moderator: I know nothing.....but if you head the call......zooming there to help......and are late......how would you respond?

James-ST Moderator: heard

Ken-ST Moderator: geez

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rex crap, i just realize that PAAS was a cramer pick last night too, no wonder I lost money on it.

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johnboy I think that you couldn't impose any beating on that druggie or you might risk getting a conviction in the crazy justice system world

James-ST Moderator: Did you guys see the commercial for the "booya" contest they are having?   ken, send in your video.......

johnboy not getting a conviction I meant

Ken-ST Moderator: already in the mail

bigb lol

rex it a sure thing

Ken-ST Moderator Update!

Ken-ST Moderator: Cancel all alerts until after the Fed Meeting

James-ST Moderator: here comes the  zzzzzzzzzzz

James-ST Moderator: Feel free to ask questions or bring up stocks of note.......

James-ST Moderator: Or anything for that matter........

rex is it at 2:30 est

James-ST Moderator: Anyone new here?

James-ST Moderator: yes

James-ST Moderator: 2:15

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rex thx

gd Ok...how long was Jose here thi morning???

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ZacS just advice from me... don't hold a day trade security over night!!  oh well.  That's wha I get for leaving the cmputer before checking that and messing up my limit order for the sell price

Ken-ST Moderator: 21 minutes again

James-ST Moderator: yeah......jose has me confused too.......everyday, a good 15 minutes and gone.......but isnt he in Italy>?

James-ST Moderator: good note zacs

ZacS well I've earned back 1.5 points of my just little over 5 point loss

ZacS so I'm off to the gym to work off the frustration :)

gd paas...hod

James-ST Moderator: do some curls for me zacs

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rex zac, happened to me last week, had a short pos and it gaped 1 1/2 overnight, painful

James-ST Moderator: That is good.....cale and zacs......use the lunch to take a break or exercise.......the stock market will always be here, trade at the best times.........

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ZacS see everyone latr :)

James-ST Moderator: seeya zacs

Ken-ST Moderator: exactly gang

ZacS I would take 1 1/2 points over the 5 point dip of NDAQ

Ken-ST Moderator: the first hour provides the best opportunities

rex wow, i didnt know it was that bad

Ken-ST Moderator: after that its the e-minis

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gd acad...running

gd huge

James-ST Moderator: nice runner

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James-ST Moderator: on a long trigger.......

bigb wow this shows my A.D.D.........i went long on ACAD rather than short, dont know how that happend

James-ST Moderator: lmao looks like that turned out nciely!

bigb now that is what i call luck

gd with good in front of it...

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rex i could come up with a better word than good, :-)

tobydad Hello, I'm new.  is this a good time for a question?

James-ST Moderator: hey toby, sure is

James-ST Moderator: welcome

tobydad Thx, picked up MCRS last night when it hit its lower trend line and lower bollinger band at the same time, got it for 46.20...thoughts?

tobydad in other words, was I correct or lucky?

James-ST Moderator: ok keep in mind we cannot recomend outsid eof strategies, we can only help you decipher charts, set stops, adn tell you wwhat we see.......MCRS, a swingtrade or daytrade?

tobydad swing

Ken-ST Moderator: I would not want to hold it under 45.28

James-ST Moderator: On daily it is still in a downtrend tading below all moving averages and stochastics are down, i would use the low of yesterday as a stop

tobydad thx, yes, 45.27 is my stop

James-ST Moderator: sweet handsome bud

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James-ST Moderator: we keep it loose here, so dont be intimidated about bring up stuff......as long as it is PG rated........even stupid non stock talk is ok........ken does that all the time

James-ST Moderator: [img id=em-5]

tobydad ok, thanks

Ken-ST Moderator: lol

James-ST Moderator: during lunch on wallstreet, we like to encourage members to not trade.......take a break.........

Ken-ST Moderator: whatever keeps you away from trading during the slow times its all good

Ken-ST Moderator: James has General Hospital to pass time

James-ST Moderator: Lunc hour on wallstreet, characterized by declining volume and false moves

bigb lol

James-ST Moderator: I can't type today.........

James-ST Moderator: Keep in mind gang......wife is due anyday.......so if i am suddenly gone for a period.......

tobydad congrats, your 1st?

johnboy that's cool James, we all hope everything goes smoothly

James-ST Moderator: second

johnboy boy or girl?

James-ST Moderator: second girl......[img id=em-6]

James-ST Moderator: no biggie......but having a son would take some pressure off

johnboy so not handsome, but pretty no doubt

johnboy why would having a son take pressure off?

julie1 PEIX, put it on your monitor

James-ST Moderator: last male of my family?  someone to watch football with?  one less daughter to worry about when they get older?

johnboy hehe, girls like footbal too James, why do you think that they make the players wear tight pants?

James-ST Moderator: [img id=em-5]

johnboy last male of the family, yeah me too, I know where you're coming from

tobydad have a bro in law that wanted boys so bad, 2 girls, everyone kidding him, finally a boy, he thinks he's on a roll...6 more girls later, wife says enough trying for boys.

James-ST Moderator: hahahahhahah

Ken-ST Moderator: lol

johnboy what?!? so 2+1+6 = 9 kids, sounds like a tv show I used to watch that was made of two families.....

James-ST Moderator: Well look at Tom Brady......4 or 5 older sisters?

tobydad then they adopted one more girl from one of their mission trips to Brazil

James-ST Moderator: His dad kept having kids until he got 3 Time SUper Bowl QB

johnboy cool tobydad, and to think that I feel good about myself when I stop for pedestrians.....

tobydad guess they wanted to catch up with us since we got all the boys...6 boys, 4 girls in our family

Ken-ST Moderator: lol

James-ST Moderator: yeah seriously....

James-ST Moderator: toby you have 10 kids?

Ken-ST Moderator: wow, I keep thinking 2 is enough for me

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tobydad yep, count'em..10.  and, Ken, 2 is enough if that's what you're happy with

Ken-ST Moderator: I am

James-ST Moderator: [img id=em-5]

Ken-ST Moderator: kudos to you for raising 10 kids...

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tobydad need to learn alot from you guys...grocery bill like a 2nd mortgage

Ken-ST Moderator: I have a hard time keeping up with 2

James-ST Moderator: Family gatherings must be crazy

Ken-ST Moderator: Real life Cheaper By The Dozen Family

bigb 2 dogs and a cat is too much for me................

bigb im still a yougin tho

tobydad they're a blast, bro in law w/ 10, our 10, sister w/ 8, bro w/ 6, and a few w/ normal sized families

James-ST Moderator: [img id=em-5]

bigb 34 cousins.....wow

bigb that would make a family reunion interesting

Ken-ST Moderator: must be nice

bigb just met my goal......see ya guys tomorrow

Ken-ST Moderator: cool big,

Ken-ST Moderator: have a good one

Ken-ST Moderator: g

Ken-ST Moderator: gj

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James-ST Moderator: Why are they featuring this girl all day on CNBC painting Alan Greenspan?

James-ST Moderator: Is she a stalker or something?  I mean it does not soudn like she igetting paid.

gd I hear she is going to paint Ken and James next...

James-ST Moderator: she will need a bigger canvas to fit my ass in

tobydad you all ever see the commercial with Greenspan eating lunch on rooftop cafe?  he sneezes and everybody jumps over the edge...hilarious commercial

James-ST Moderator: [img id=em-5]

James-ST Moderator: really?   CNBC?  that sounds like a funny commercial

johnboy I hear Beranake turned down the job, and it's going to a native of Philadelphia, now residing in New Jersey, host of a radio and tv show...............booyah!

James-ST Moderator: [img id=em-4]

James-ST Moderator: "The US is growing at 2.2%........boooooyah!"

James-ST Moderator: That would freak out the world

johnboy that would be pretty cool though, no more chairs at the FOMC meetings

James-ST Moderator: lmao

johnboy hehe, I had better go walk the pooches

James-ST Moderator: Taking 20 minute lunch here gang.........

Ken-ST Moderator: any questions?

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gd athr...lunch time run

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tobydad got in ATHR last night @ 17.68; got out too early in anticipation of the 2:15 mtg....waaaahhh!!

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Ken-ST Moderator: ah, still good

Ken-ST Moderator: that is fantastic

Ken-ST Moderator: many traders try and get the big runs, or big profits

Ken-ST Moderator: but to stay in the game you need good money management

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Ken-ST Moderator: taking profits is always good

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Ken-ST Moderator: you sell on the rallies

Ken-ST Moderator: wb

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tobydad yeah, you're right...one of my greatest weaknesses...trying to squeeze too much out

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tobydad better than I used to be

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Ken-ST Moderator: instead of trying to see where the top is

Ken-ST Moderator: we show that by taking some profits off the table at 1%, you cannot go wrong

Ken-ST Moderator: if you want to ride more out, just sell portions

Ken-ST Moderator: but always scale out positions with moves in you favor

tobydad just always be in the process of making small profits?

Ken-ST Moderator: You may still make big profits

Ken-ST Moderator: but at least have the mentality to take at least some profits off the table at 1%

Ken-ST Moderator: its easily obtainable in daytrading

Ken-ST Moderator: it adds up

Ken-ST Moderator: and at that point you are free to play with the remaining portion of your trade to squeeze out more prfoits

Ken-ST Moderator: Think about it

Ken-ST Moderator: as the trend gets older, the risk is greater

Ken-ST Moderator: and you want to have less exposure to those trades

Ken-ST Moderator: that is why you scale out with moves in you favor

Ken-ST Moderator: taking profits reduces exposure

Ken-ST Moderator: betters your avg price for a b/e trade

tobydad b/e?

Ken-ST Moderator: and reduces the chance of emotions in your trading

James-ST Moderator: There has never been a trader that went broke taking profits, no matter how small.

Ken-ST Moderator: b/e - breakeven

tobydad thanks, Ken

tobydad and James

Ken-ST Moderator: np hope that helps

tobydad you know how it goes, you've heard it before but some of us have to hear it over and over again

Ken-ST Moderator: hehe

Ken-ST Moderator: Yeah, we say the same things over and over in here

gd My wife says the same thing over and over too

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tobydad how bout some shop talk...thoughts on CKCM, JOYG, and NGS, please?

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Ken-ST Moderator: ok gang, taking a 20 minute break here

Ken-ST Moderator: brb

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MarkB howwdy all esciting AM?

James-ST Moderator: hey mark

James-ST Moderator: not bad.......just waiting for 2:15 FOMC

joe Ken for the swing trade recommendations do you issue the sell signals along with the buys or does that come later

James-ST Moderator: he took lunch joe

James-ST Moderator: Video of FOMC meeting

James-ST Moderator: Watch they will ask "SHould we raise rates?"  and Greenspan will start shaking up the Magic 8 Ball

joe yep I noticed after I sent the msg -- I call catch him later thanks. Do you work with the swingtrades alerts or is that just Ken's area??

James-ST Moderator: yep, you mean do we issue the stop with the buys?

James-ST Moderator: comes with stop, profit and trigger

James-ST Moderator: same as here, but on a swing basis

joe Ok so all the signals at the same time

James-ST Moderator: yep

joe Is it emailed or you just log into a site to see the recommendations

James-ST Moderator: emailed, but you can log in, same

joe Ok looks pretty good I will try it starting about the middle of next month

James-ST Moderator: [img id=em-8]

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James-ST Moderator: hey millbrook

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cbat ERTS - Type C?

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millbrook2 first time user any advice on jump

millbrook2 jump starting

joe I would paper trade for a while -- most brokerage accounts let you trade in demo mode

James-ST Moderator: JUMP......62 cent stock?

James-ST Moderator: oh

James-ST Moderator: ah millbrook.....lmao.....make sure you get in here at least 15 minutes before the market opens

James-ST Moderator: Our morning are where all the action is........

joe This will give you an idea of how closely you can execute the trades.

James-ST Moderator: Observe for a couple of days......you will see how we operate.....how are triggers are issued, stops, and profits alerted.....

James-ST Moderator: From there......ask tons of questions.....

James-ST Moderator: Very open here.....and we strongly encourage the sharing of information

cbat James - ERTS type C play?

joe Cyber wll give you a 30 day free demo, SOF direct also has a free demo. I am sure there are a lot of others

JR establish a tolerable loss level to determine number of shares you trade.  I learned from others they use a $250 max

James-ST Moderator: cbat-could work out, looks like a nice bounce, but does not exactly fit our strategies, still in congestion on daily, but i can see your justification

millbrook2 i have virtual trading with scottrade; i am not new to tradig just to this particular chat room

cbat thanks james

James-ST Moderator: awesome millbrook.....

James-ST Moderator: make sure you make the mornings

Ken-ST Moderator: I back

joe You also want to be trading the same dollar amount for each trade. Problem with Scottrade is that they are not direct access -- may be too slow for daytrading although I know there is at least one person in the room that uses Scottrade

gd wb

millbrook2 i have an account with ameritrade also

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joe Also with Scottrade at 7/ trade is pretty expensive compared to a number of direct access brokers

Ken-ST Moderator: 5y gd

millbrook2 $7 is for unlimited shares

joe I know but that is still a lot when u consider others charge in the neighborhood of 0.006 cents per share

James-ST Moderator: yeah

tobydad CUTR has broken its downtrend

joe Unless you are trading with very large volumes

James-ST Moderator: CUTR, daily could be right...would rather see a break above those moving averages......

millbrook2 Question; how do you watch your charts and the chat room at the same time? do you work with two computers???

joe I have two pcs set up I'm not sure what others do

Cale Hey, whats cooken?

James-ST Moderator: hey cale did some squats for me?

tobydad ALT+TAB switches between programs very readily

JR I use 2 as well but aspire to more

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James-ST Moderator: millbrook.....suggest 2-3 monitors......they are getting cheap for 17 inch flatscreens..a good video card to handle those and you willl NEVER use 1 monitor again

Cale nah, just upper body

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Cale what time to you open the B Alarts?

joe Ken/James -- you will not be issuing any alerts until  after the fed mtg ??

Ken-ST Moderator: yes joe that is correct

Cale oh ya, thats about 2:00ish right?

James-ST Moderator: [b]1:30 EST normal opening for TYPE B......BUT NO ALERTS UNTIL AFTER FOMC[/b]

millbrook2 I hate to sound dumb but can you run two different programs at once on dual monitors; or is it better to use two seperate computers???

joe Ok heading out for a run -- I'll do a lap for you James

Cale ty

James-ST Moderator: still a lot of time gang......market is dead flat.......

James-ST Moderator: ok joe

James-ST Moderator: each monitor can hold a different program

millbrook2 Thanks

tobydad James, is there somewhere on the site that I can read about the strategy here?  which ma's, etc?

James-ST Moderator: you can have charts on one, browser on another, email on another......

James-ST Moderator: we have videos featuring me

James-ST Moderator: they detail all the strategies that we put into use here........

MarkB BTW I actually made money on a GOOG trade an hour ago!

James-ST Moderator: nice mark

MarkB .63 on 100 shares

MarkB but its a step in the right direction for me

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James-ST Moderator: but, if you dont want the videos, please ask here, the strategies are not a secret, just explicity detailed on the videos for better understainding

James-ST Moderator: understanding

tobydad just wondering which ma's you referenced when discussing CUTR

James-ST Moderator: 5, 20, 50 ema on all charts, including daily, and slow stochastics

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James-ST Moderator: for daytrades, we keep a 1 and 5 minute candlestick chart with those indicators for each stock

tobydad gotcha, I'm still in swing mode, have to change my thinking for this room

James-ST Moderator: yep, squeeze some profits everyday on a few good trades.......will add up

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tobydad i'm with you

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James-ST Moderator: I still dont understand why CNBC is featuring the girl paing Greenspan all day

James-ST Moderator: painting

JR I was wondering the same thing!

millbrook2 I once tried Daytrade team.com and they were very truthful about their past perfomance; it was really lousy;  I followed their day trades and they really lost a lot of money on a consistant basis!!!

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tobydad PCU HOD and ATH

tobydad sorry fell off HOD

JR Millbrook2, what was their stragegy?

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millbrook2 they had two very professional brothers who were trying to day trade real time; they would show their charts and methods but the few weeks i followed them they always lost

JR did they have a goal like this room, 1%, 2%, gappers, etc.?

kami kami

Sam I have worst experience with DTT

kami ken how do u put both i1 and 5 mins candle stick on the same graph?

millbrook2 They had an overnight gapper where they would take a position moc and cover moa i lost a quick $1k on an appl short following that trade

JR how did you guys find Swing Trades?  I saw a TV ad

Ken-ST Moderator: kami, I am not sure.  I dont think you can

Ken-ST Moderator: those are two different time frames

James-ST Moderator: kami, no two separate charts for each stock

millbrook2 i found you through goog.

Ken-ST Moderator: We have them side by side

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Ken-ST Moderator: wb camel

kami ok i should open two windows then

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James-ST Moderator: Yes, probably most here are from CNBC commercials......although no one is going to watch CNBC if they keep featuring a girl painting ALan Greenspan

Ken-ST Moderator: lmao

James-ST Moderator: [img id=em-5]

camel thanks...ready for more

Ken-ST Moderator: we will be running a new commerical on CNBC

James-ST Moderator: yes kami, two little charts for each stock

Ken-ST Moderator: next month

Ken-ST Moderator: it will feature an office with people acting like gorillas

julie lol

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JR I mute that commercial every time it is on!

James-ST Moderator: [img id=em-4]

cbat lol

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Ken-ST Moderator: Is Tako here?

Ken-ST Moderator: Market 1.5 point range

Ken-ST Moderator: how ridiculous is that

James-ST Moderator: [img id=em-6]

Ken-ST Moderator: CME new hod

rex millbrook, i read that you use scottrade, speaking from expriance, DONT, they are very slow and not suitable for daytrade

Ken-ST Moderator: note the nice trend above the 5 day EMA on that one

Ken-ST Moderator: very true rex

Ken-ST Moderator: all web brokers are a liablity

Ken-ST Moderator: liability

Ken-ST Moderator: You think you are saving money, but really you are paying more you just dont know it

Ken-ST Moderator: efficiency will cost you

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millbrook2 what about ameritrade???

Ken-ST Moderator: same thing mill

millbrook2 so which broker do you recomend???

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rex mill, talk todd, he reps sof

Ken-ST Moderator: any one that is direct access

Ken-ST Moderator: but yes we suggest SOF

Ken-ST Moderator: we use their platforms

Todd-SOF Direct I'll engage you in a private chat Millbrook

jg GOOD AFTERNOON>>> are we going to waiting yntil after the fed announ???

Ken-ST Moderator: yes jg

Ken-ST Moderator: market has gone into a holding pattern

Todd-SOF Direct If anyone wants to try a simulator, simply send an email to info@sofdirect.com.

jy type C SMTS - may be too late

Ken-ST Moderator: traders go broke trying to squeeze profits in a market like this

James-ST Moderator: careful in private chat mill, Todd is one lonely dude......make sure he sticks to business chat.

James-ST Moderator: [img id=em-5]

MarkB when is the announcement?

Ken-ST Moderator: 2:15 pm est

jazztrade Ken, do consider E*trade a web brokers too? They say they have Direct Access.

Ken-ST Moderator: yes, but they do not have a direct access platform

Ken-ST Moderator: its different

Ken-ST Moderator: is it still through the web?

Ken-ST Moderator: consider yourself in a battle

jazztrade could you explain?  I'm using Power E*Trade Pro. Is a JAVA based app, they call it direct access.

Ken-ST Moderator: traders want your money

Ken-ST Moderator: do you want to go into a battle with second rate tools?

julie Dont all direct access broker use the Web?

Ken-ST Moderator: Direct Access firms are geared toward day trading

Ken-ST Moderator: web browsers julie

Ken-ST Moderator: Point and click trading

Ken-ST Moderator: comprehensive platfomrs with instant confirmations, order handling, intraday charting, alerts, Level II, Direct Access, ECNs

Ken-ST Moderator: the works

Ken-ST Moderator: I do not like Java based platforms

julie hot dog with everything on it

MarkB all you really nees is a coin and a merril lynch account

jazztrade this might sound dumb, but I'm concerned about sending my money to a small broker. How safe is that?  I know E*Trade won't just dissapear anytime.

Ken-ST Moderator: imo, there is no need to worrry about any brokerage that is NASD regulated

James-ST Moderator: they are insured SIPC.......

Ken-ST Moderator: the brokerage is not the one to be concerned with

Ken-ST Moderator: it is the Clearing Firm

julie SIPC= $100K insurance

Ken-ST Moderator: 500k total

Ken-ST Moderator: But the clearing firm is the one you have to be concerned with

Ken-ST Moderator: Small firms that are self clearing (I do not know any) I would be skeptical

julie Who does SOF clear through

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Ken-ST Moderator: Penson

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julie dont know that one

Ken-ST Moderator: Penson is one of the largest

jazztrade I've heard that all brokers clearing through penson have a very limited list for shorting stocks. is that true?

Ken-ST Moderator: About the same as others

Ken-ST Moderator: which is why we have Todd in  the room

Ken-ST Moderator: he can find shorts intraday

Ken-ST Moderator: if its not on the list

Ken-ST Moderator: but that is for SOF accounts

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Ken-ST Moderator: Price is but one factor when looking for a good brokerage

Ken-ST Moderator: Size doesnt matter

Ken-ST Moderator: either

Ken-ST Moderator: you want good customer support

JR love to hear from anyone that has switched to SOF and what your experience has been

jazztrade same here!

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Ken-ST Moderator: I would love to hear from anyone that has switched to any direct access broker from Scott, Etrade or ameritrade

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Ken-ST Moderator: and see what their experience is like

Ken-ST Moderator: The thing with brokers, people are not apt to changing

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