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The Power of 2% Chat Transcripts


03/13/06 Chat Session

James-ST Moderator: gm all

cbat gm james

cbat and ken

jpl has entered DayTrading Chat

Kelly has entered DayTrading Chat

Kelly good morning y'all

James-ST Moderator: GM KELLY, JPL, CBAT

Ken-ST Moderator: [b]Good Morning[/b] [b]jpl, Kelly[/b]

furio gm all

doc has entered DayTrading Chat

doc has logged out

am has entered DayTrading Chat

am gm everyone

Ken-ST Moderator: [b]Good Morning[/b] [b]doc, am[/b]

am gm Ken

WCBLBBALL DON'T FORGET ME!!!

JR has entered DayTrading Chat

Ken-ST Moderator: got you WC

doc has entered DayTrading Chat

James-ST Moderator: gm doc, jr, am

Ken-ST Moderator: gm

Dan has entered DayTrading Chat

doc gm gang

Ken-ST Moderator: gm JR, Doc, Dan

Clyde-Harmon Trading has entered DayTrading Chat

JR gm

Dan gm

Sean has entered DayTrading Chat

Clyde-Harmon Trading gm everyone

dtrader has entered DayTrading Chat

Sean gm everyone

James-ST Moderator: gm dtrader, clyde, sean, dan

ceon2000 has logged out

joe has entered DayTrading Chat

dtrader gm

joe gm all

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James-ST Moderator: gm joe, ceon

ceon2000 gm all

JR MATK

Ken-ST Moderator: [b]Good Morning[/b] [b]CLyde, dtrader, Sean, joe, ceon[/b]

jack22 has entered DayTrading Chat

jg has entered DayTrading Chat

jack22 gm everyone

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

Amlo has entered DayTrading Chat

jg morning all...

goldy has entered DayTrading Chat

Ken-ST Moderator: [b]Good Morning[/b] [b]amlo, goldy[/b]

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Amlo Gm to all

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gd has logged out

gd has entered DayTrading Chat

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gd gm all

Ken-ST Moderator: [b]Good Morning[/b] [b]gd, limey[/b]

James-ST Moderator: gm limey, gd, furio, goldy, amlo, jg, jac,

jrs has entered DayTrading Chat

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

jrs GM All

steveg has entered DayTrading Chat

steveg gm all

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

jpl ADRX takeover

Ken-ST Moderator: ty jpl

Ken-ST Moderator: removed

hanzsolo has entered DayTrading Chat

hanzsolo gm all

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

jg has logged out

gd look at nmti ugly day

guru has entered DayTrading Chat

guru GM to all

brady has entered DayTrading Chat

Ken-ST Moderator: [b]Good Morning[/b] [b]guru, brady[/b]

brady gm

Kelly has logged out

James-ST Moderator: gm brady, guru, hanz, steveg

Dusty has entered DayTrading Chat

Birddog has entered DayTrading Chat

Dusty GM All

guru Ken NTMI is giving me an invalid symbol

am ntmi?

Sean nmti

sam has entered DayTrading Chat

Sean silly

hanzsolo nmti

sam gm all

am ty

ash has entered DayTrading Chat

victor02 has entered DayTrading Chat

yun has entered DayTrading Chat

ash gm all

snp has entered DayTrading Chat

Ken-ST Moderator: NMTI

Ken-ST Moderator: sorry

Gary has entered DayTrading Chat

Kelly has entered DayTrading Chat

Gary gm

Ken-ST Moderator: [b]Good Morning[/b] [b]Dusty, Birddog, sam, ash, victor, yun, snp, Gary, Kelly[/b]

rufus has entered DayTrading Chat

rufus gm

jeff has entered DayTrading Chat

Dusty Very excited Ken. Today is the 1st real day trading with WCA.

st has entered DayTrading Chat

Sean WCA?

Cale has entered DayTrading Chat

Ken-ST Moderator: cool Dusty

Cale Good Morning Everyone!!!

Sean gm dude

jg has entered DayTrading Chat

Ken-ST Moderator: Sean its a auto trading broker for our futures service

Sean oohh I see

Cale Sean, you gong to take a nape this morning?

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Ken-ST Moderator: [b]Good Morning[/b] [b]rufus, jeff, jg, davidber, jy[/b]

Sean nah I cant do that anymore lol

Dusty Wold Cup Advisors. Way cool stuff.

Sean as much as I'd like to

JR Ok Dusty, we want a full report on your experience

Sean I never wake up once I fall asleep

Dusty will do

jy gm

James-ST Moderator: gm cale, st, jeff, rufus, gary, snp, yun, victor, and anyoen else i missed.

jose has entered DayTrading Chat

jeff gm

Cale Good Morning James

jose gm James, Ken, everyone!

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

Ken-ST Moderator: gm everyone

Ken-ST Moderator: hope you all had a nice weekend

shawnt has entered DayTrading Chat

Ken-ST Moderator: Lets do a market assessment:

evan has entered DayTrading Chat

evan good morning all

Cale Lets

Ken-ST Moderator: Daily Chart:  above the 5 day EMA, stoch nearly turning up

Ken-ST Moderator: Hourly Chart:  downtrend

Ken-ST Moderator: 5 min Uptrend

Ken-ST Moderator: Overall there is still a slight downtrending bias to the market

Ken-ST Moderator: but there are warning sigs of a possible change in trend coming from the short term indicators on the daily

ZacS has entered DayTrading Chat

Ken-ST Moderator: Futures are up 3

Ken-ST Moderator: [b]Good Morning[/b] [b]shawnt, evan, Zac[/b]

gd let's make it a good day....

James-ST Moderator: gm zacs, evan, shawnt, jose

Sean if only it was that easy

Harris has entered DayTrading Chat

steveg aapl gap

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]BWNG 11.67[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]BWNG 11.67[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]BWNG 11.67[/b]

Moharram has entered DayTrading Chat

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]NMTI 14.92[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]NMTI 14.92[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]NMTI 14.92[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]MDCO 20.92[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]MDCO 20.92[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]MDCO 20.92[/b]

ZacS1 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]MYGN 27.41[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]MYGN 27.41[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]MYGN 27.41[/b]

ZacS has logged out

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Ken-ST Moderator Update!

Ken-ST Moderator: Cancel XTEX watch

ZacS1 has logged out

brady 2 % on BWNG

Cale ya been watching that one Run right UP

James-ST Moderator: ncie

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]NMTI 14.92[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]NMTI 14.92[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]NMTI 14.92[/b]

Ken-ST Moderator Profit!

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]NMTI [/b]

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

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

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jg alright  guys   way to go!!!

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Sean holy crap i just made 3.5% on NMTI

Sean i wasnt even paying attention lol

Ken-ST Moderator: Nice

davidber uhh the math is off - enter on a short at 14.92 exit at 15.07 is a .15 loss, not gain

Sean huh?

davidber read the results on the left side

James-ST Moderator: ty david, need  coffee

Sean ohh

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davidber it's scary - i am on the west coast - i am the one half asleep

jpl Sean do you always enter trades well before the trigger?

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Sean i didnt enter before the trigger

Ken-ST Moderator: Abbey Joseph looking handsome today

jpl Then how did you get 3.5%?

James-ST Moderator: lmao

joe has left the room

Cale SNDK looking good also

jg the low of the day is 14.72  nmti

Ken-ST Moderator: MYGN is close

Sean I failed to sell it

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Sean Iar 1%

Sean I pressed sell 14.90

Sean but it sold at 14.79

Sean to my benefit

James-ST Moderator: Market HOD

gd her haircut is what completes the picture..

Sean im on the west coast also btw

Ken-ST Moderator: its the entire package

gd she may have a package...

Ken-ST Moderator: lmao

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

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]MYGN 26.87[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]MYGN 26.87[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]MYGN 26.87[/b]

Ken-ST Moderator: totally overrated imo

Ken-ST Moderator: Cohen

Cale Ken, huh?

Ken-ST Moderator: Abbey Joseph Cohen is way overrated

brady now we are going short?

Ken-ST Moderator: if it breaks to a new lod Brady, yes we will be going short

James-ST Moderator: only on a trigger......no trigger, no problem

brady k thank

gd mdco...working its way back up...

jose has logged out

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]MDCO 20.92[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]MDCO 20.92[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]MDCO 20.92[/b]

gd jose didn't like our commnets about abbey

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]MDCO 20.92[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]MDCO 20.92[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]MDCO 20.92[/b]

jy has logged out

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]MDCO 20.49[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]MDCO 20.49[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]MDCO 20.49[/b]

jy has entered DayTrading Chat

Ken-ST Moderator Update!

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

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

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

JR did someone get out profitably on that one?

Amlo ouch that one hurt

Ken-ST Moderator: Some of you may

Cale didnt Make it into that one

jay has left the room

jrs yes i did. trailing stop got me out for a small profit. but  I didn't get in with a full share size

Sean i missed that one

Sean i lag

jeff i had a bracket order to sell at .13 (1%) and it filled! lucky

Ken-ST Moderator: nice jeff

jeff ty

Ken-ST Moderator Update!

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]TOPT 15.27[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]TOPT 15.27[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]TOPT 15.27[/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]MYGN 27.41[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]MYGN 27.41[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]MYGN 27.41[/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]MYGN  [/b]

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

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

jpl lol

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Sean haha I missed that one too

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]TOPT 15.27[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]TOPT 15.27[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]TOPT 15.27[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]TOPT 15.41[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]TOPT 15.41[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]TOPT 15.41[/b]

Ken-ST Moderator: Have not seen the offer get past 15.40

BRUNO3 has entered DayTrading Chat

Ken-ST Moderator: on TOPT yet

BRUNO3 gm

James-ST Moderator: hey bruno

Ken-ST Moderator: Gm bruno

James-ST Moderator: Market new HOD

Cale Check out CMED

Ken-ST Moderator Update!

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

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

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

evan I was looking at CMED.

evan Cale, would you put in a buy at 28.45?

James-ST Moderator: could work out, but note on daily chart it is trading in previous day's range, also overbought on 5 minute chart.

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James-ST Moderator: Feel free to bring up other stocks of note gang.....and personal trades

James-ST Moderator: hey hunter

Cale Dont think so Even

Cale err Evan sorry

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gd mdco nice move back up...

Cale you still in gd?

jpl For those who like low priced, chk out SONS

James-ST Moderator: hey bigb

gd no...I got out earlier...but was in @ .23

bigb mdco hit target

bigb hey james

James-ST Moderator: Great news gang, MDCO is at HOD.........

James-ST Moderator: Not so great news.....we were stopped on MDCO.......

James-ST Moderator: [img id=em-11]

bigb lol

Ken-ST Moderator: brb

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Ken-ST Moderator is no longer a moderator

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jy I made $0.17 profit on MDCO.

James-ST Moderator: nice.......volatility got us

Cale Nice Job jy

jy ty

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Hunter : gm guys

James-ST Moderator: gm hunter

gd James...is ken OK?

bigb he had to reboot

jpl James curiuos where you would set stop on MATK short entry 34.29

James-ST Moderator: yeah gd, just rebooting

James-ST Moderator: ok jpl.....

gd thk big and JAmes

James-ST Moderator: 34.91

James-ST Moderator: jpl

James-ST Moderator: Your MATK short, 34.91 is best stop.......tighter maybe 34.61

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jpl ty

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James-ST Moderator: Market is overbought right now......

James-ST Moderator: GOOG a whole lot of nothing going on, stillt rading below that 50 day ema........

gd Is Mygn a possble short @ lod

Cale gd MYGN Short at 26.87

James-ST Moderator: yep, it is an open alert

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gd geeeeee...I just need to learn to look left...thks....

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Ken-ST Moderator has become a moderator

Cale dont feel bad gd, I do that a lot also

gd wb Ken

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Ken-ST Moderator: ty

Ken-ST Moderator: Market just off the hod

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jpl PNK soring

jpl glad I held

gd very nice....jpl

jpl sold march 30 calls, so the stock may get taken away....fine

brady wow jpl

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steveg ken gonna short aapl @ 65.5- you see any red flags?

steveg or james..

steveg didnt mean to leave you out j

James-ST Moderator: might be a good play.........

James-ST Moderator: set stop at new HOD.......

steveg thx

Ken-ST Moderator: what is your time fram?

Ken-ST Moderator: frame

James-ST Moderator: that is pretty tight, stochastics are coming off of overbought levels ont he 5 mintue chart

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Ken-ST Moderator: for a day trade?

steveg yes for day trade...

steveg sorry watching the chart

Ken-ST Moderator: what is the reasoning behind that trade?

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James-ST Moderator: lmao.....everytime i see this weather girl on CNBC i crack up........

steveg trying to catch the momentum aferit breaks the 65.62 last support- nothing below until lod

James-ST Moderator: "Today, I will wear something even more outrageous than yesterday"

JR looks like she's going to be on dancing with the stars

Cale Be nice James

James-ST Moderator: lol

James-ST Moderator: lmao

Cale Its not easy to do the weather BM [img id=em-10]

HC

James-ST Moderator: lol

steveg ken? aapl

Ken-ST Moderator: I see the stock tradign above the 5 day EMA

Ken-ST Moderator: and in an uptrend on all intraday time frames

steveg it gapped up big today

hanzsolo james what do you think of GPRO as a type c short

Ken-ST Moderator: it gapped up big but still trading at upper end of days range

Ken-ST Moderator: coudl go either way

steveg and compx is no longer overbought which is giving me pause..

Dan tradetek.com sees aapl at 72.5 this week

Cale Here's My weather lady [url href=http://9news.com/company/bios/sabine.asp]http://9news.com/company/bios/sabine.asp[/url]

steveg thanks dan- was that on a news item?

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Dan saw it in another chat room

Ken-ST Moderator: steveg, the short term trends are all up, you will need to bank on a turnaround

Ken-ST Moderator: which is always difficult

Cale James, do you have a bear hat?

Dan that same site sees next 2 weeks down for aapl but not how much

James-ST Moderator: cale, bear hat?

Dan after this week

steveg y, ken im holding off until conditions approve- trin is at .81...

steveg also

Cale ya Liz on CNBC asked one of her guests to put on his bear hat, just wondered if you have one also

Ken-ST Moderator Update!

Ken-ST Moderator: Cancel all Type B alerts

Ken-ST Moderator: 11:00 turn time gang

James-ST Moderator: heheh, no.......

Ken-ST Moderator: will resume Type B at the end of lunch

Cale wow, that was a fast morning, Ken

Ken-ST Moderator: 1:00 time area

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Cale is that Early Ken?

Ken-ST Moderator: ?

Ken-ST Moderator: 11:00 is when we usually cut it off

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Cale I know but 1pm seems early

Cale usally you do 11:30ish

Ken-ST Moderator: 11:00 we end it

Ken-ST Moderator: 1:00 we check the market stochastics to see if we can open some alerts up early

Cale not 11:30ish I meant 1:30ish to start

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James-ST Moderator: Questions or comments gang?

Ken-ST Moderator: it depends on what stoch looks like at that time

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Ken-ST Moderator: if it is an extreme we may open up early

James-ST Moderator: Market coming off of overbought levels, testing 20 ema on the 5 minute chart.

James-ST Moderator: [b]Gang,we strongly suggest that a 5 minute candlestick chart of the SPX be kept open to give you a visual of current market conditions, overlay this chart with 5, 20 and 50 ema and slow stochastics.  You will find that this will help you with your personal daytrading, giving you the “heartbeat” of the market.[/b]

steveg fairly big drop in spx

Cale yah, why?

Cale Oil?

steveg could bring downside momentum ?

James-ST Moderator: GOOG forfeiting its gains, new LOD

Cale the Q's are dropping big time

sam Yes…question

The reason I joined this chat room is because you guys post awesome results, but in reality, even trying to match your results is impossible.

For example, on nmti got a market order at 14.87, got out at a loss because of the turn around…on mdco, got out with a loss –3% because of slippage .10 in and .10 out.

The question is how can we in reality match your performance or do we have to have our own strategy based on your triggers and decide which one to take and which one not?

steveg osx and xoi up over 1% today thank you jesus

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sam I’m curious, how do others traders get better fills …I’m with tradestation

Ken-ST Moderator: sam, we identify breakout prices

Ken-ST Moderator: when trading equities there is always slippage

Cale Sam, I use Limit Orders most of the time but Sometimes I will use Market Orders:

Ken-ST Moderator: but we are looking for a minimum move of 1%

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Ken-ST Moderator: many times the breakouts go far beyond 1%

Cale when I use Market Orders I will put my trigger just before James/Ken's Targets so get a fill

cbat KEN what do u think of ABM for type C long?

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Ken-ST Moderator: some people in here get in a little early to catch the breakout

jrs Sam, I left TS because of the poor fills. Had the same problem got in at the end and always lost.

jrs Great platform, but poor fills and support

sam What platform do you use jrs

Ken-ST Moderator: Ive heard the same things

steveg hey ken how much is gas out ther?they say you got most expensive

jrs Sam, I built a custom front end for an Interactive Broker account

Cale I use Schwab's Trading Platform and I have access to Direct Access ECN's, I get most fills on a buy/sell

Ken-ST Moderator: just so happenned i filled up gas at 2.97 yesterday

Cale I have a hard time getting Shorts though

steveg ouch...

steveg but i guess you guys cant have too far to drive

Ken-ST Moderator: cbat, stoch still heading downn on market

Ken-ST Moderator: in middle of trend

Ken-ST Moderator: a little reluctant to botton fish now

cbat thanks ken

Cale your example of NMTI, I got filled at 14.95 because I wanted to get in early

Ken-ST Moderator: early entries is ok, but it does involve more risk

Sean oh woah...I just realized why someone was wondering how I made 3.5% on NMTI

Sean for some reason I was under the impression the entrance was 15.24

Sean haha

steveg i lilke that mistake

sam that's a whole other strategy to enter early

Sean so I guess I entered early on accident..

Sean hmm I couldve swore that was the trigger

Sean wonder why I thought that

Dan sam, in short you will have to find tricks to get the exact same results. But making every trade is unlikely from what i've seen in the past 10 weeks.

Ken-ST Moderator: We do not expect traders to get in on every single trade

Ken-ST Moderator: all you need is 1 or 2 good ones

st Dan or Steveg, How long have you guys been trading using swingtrade's daytrading method?  Are you profitable in the long term? If so, some figure pls!

sam what if we catch the one or two bad ones?

furio get up shake the dust off and move on Sam

Ken-ST Moderator: What we try to stress to traders is that 1% profits are great

Ken-ST Moderator: it adds up

Ken-ST Moderator: if you make a good trade at 1%,

Ken-ST Moderator: take the rest of the day off

Ken-ST Moderator: hit and run

Ken-ST Moderator: the resutls add up

sam ok, thanks

Ken-ST Moderator: while you may aruge that you cannot get the same prices as us...

Ken-ST Moderator: really you do not need to

steveg lately st, im not-but i haven't really been consistent either...  I watch other indicators when considering a trade.  like the trin and the index for the stock.

Ken-ST Moderator: we stress traders take profits at their 1% targets

Ken-ST Moderator: take at least some profits off the table there

Ken-ST Moderator: the rest is gravy

sam you deserve your name furio

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

steveg today i didn't trade much because most stocks were pharma and/or biotech - an unpredictable and volatile sector imo.

Dan trading 10 weeks plus 17.5K , trading conservatively. Also, I get many ideas for trades outside the system used here.

bigb if ur worried alot about slippage try futures

steveg also is volume is low or i get big volume spikes in opposite direction of trade, another red flag for me..

steveg also is = also if

James-ST Moderator: very nice dan.......[img id=em-10]

Dan no trades today

James-ST Moderator: yes, ideally, besides the strategies.....ideas shared here helps too.......and if we can assist you in identifying stops, ressitance/ support also.........

James-ST Moderator: dan 17.5K in a range bound market is handsome

Harris so dan, where you getting these other trading ideas?

furio lol Sam, if I can give my 2 cents, I have seen lots of people lose money then either get upset and overtrading, thus losing more, or getting scared and withdrawing for hours before they can trade again. In my opinion you need to work on your mindset, you lost on a trade ( as long as you were sure you were doing the right thing and just moved against you), you did what you had to do, so no point to chew it over, just need to keep focus and move on

sam sometimes, sitting on your hands is the best strategy...something I'm learning, dan

Ken-ST Moderator: good post furio

Ken-ST Moderator: exactly....

Ken-ST Moderator: wait for the ideal setups

Cale Okay James, heres one for ya!!!

Ken-ST Moderator: you dont need 20 or 30 trades a day

Ken-ST Moderator: you must need 1 or 2

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Cale Long TOPT at 15.53, I am letting it ride but what is a good stop? and what is the next Resistance?

steveg heres a suggestion- but keep in mind i have less experience than alot of people here..

Ken-ST Moderator: also keep trades during hte lunch period to a minimum

Ken-ST Moderator: its the worst time of day to be trading

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Dan doubt I would have done close to that without the day chat. Everyone has different comfort levels with their own money.

Cale Ken, thats why Normaly I go to the GYM

furio just have to be patient guys, no need to make 10 trades a day, wait for the right one, it will come, and when happens, you will know what to do and how many shares to go for it...personally, if I miss an entry from here, i have seen may times, the stock will come back and that entry will turn into a quick support'resistance, so if you miss, dont chase, just be patient

Cale during lunch

steveg often times the risk reward ratio on these trades is very high, requiring a very high % of profitable trades.

steveg a good complement is a strategy where the risk reward ratio is much lower say 1 to 2 or 1 to 3

furio lol, oh well, i am getting pvt msgs saying I am too dry or tough, trading need to be seen as that, no love, just be practical

Dan patience is the best quality a trader can have, but the very hardest to be sure of. imo

Ken-ST Moderator: Type B strategies have a wide stop

Ken-ST Moderator: its very risky and volatile

Ken-ST Moderator: but you will also find that the ones withthe wide stops often have more upside tothem

jpl Ken is honest

Ken-ST Moderator: again, we are looking for a minimum of 1% on the stock to take profits on

Ken-ST Moderator: some profits

Ken-ST Moderator: you cant go wrong

JR Dan, what are the other sources for your trade ideas?

Ken-ST Moderator: if you have a wide stop or a volatile stock, you may opt to ride out trades for larger gains

JR Furio, I love your input, so keep it coming..

Ken-ST Moderator: but taking some off the table at 1% is a no brainer to me

jpl Yes Furio, dont be intimidated

sam no harm furio, but be patient with those who are less experienced than you are,pl

furio hummm, Sam, i was actually been pretty nice, ok, I will go back to my cocoon

jpl such a nice collegial room we have today

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jpl servers.........................

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Cale Ken/James you really need to do somthing new with the Server  [img id=em-11]

Ken-ST Moderator: we are looking to change companies

Cale Nice!!

Ken-ST Moderator: its not an easy process though

Ken-ST Moderator: but definitely looking into doing it

Cale I know its not easy bu....

steveg aapl looking better to me now for a short

ZacS1 somehow my sell trigger missed on mdco I must of set it wrong but I just hit 1% somehow.  odd

Cale Nice Zac

Cale seems to be a Monday of Ooops's

Ken-ST Moderator: there was a red flag to AAPL intraday upternd

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Ken-ST Moderator: whent he stock made new highs on the day but no follow through

ZacS1 yeah, considering I messed up NMTI and lost money

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ZacS1 oh yeah.  and it's good to be back.  Been gone for a month but glad to be here again

Ken-ST Moderator: cool Zac

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Ken-ST Moderator: ok gang scannning for Type C long right now

James-ST Moderator: ncie zacs

James-ST Moderator: nice

James-ST Moderator: steveg, so far that HOD stop held for AAPL......

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steveg y james

James-ST Moderator: GOOG new LOD

steveg but now aapl and compx oversold

steveg on 5 min

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for possible Type C Buy on[/b] [b]UTIW 101.26[/b]

Ken-ST Moderator: [b]Watching for possible Type C Buy on[/b] [b]UTIW 101.26[/b]

Ken-ST Moderator: [b]Watching for possible Type C Buy on[/b] [b]UTIW 101.26[/b]

Ken-ST Moderator: gang, this stock spread varies at times

Ken-ST Moderator: be careful it is also thin

Ken-ST Moderator: but it has the setup

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James-ST Moderator: GOOG has completely filled the small gap it created this morning........loss of 9 points........can't fight the daily down trend there........

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steveg think goog will pull down aapl james?

James-ST Moderator: more a combination of the whole market.......

steveg nice trendy downtrend on goog

James-ST Moderator: Hopefully for your short, the market does NOT find support here at the 50 ema on the 5 mintue chart.

steveg y

steveg but compx already below 5 min 50 ema

steveg aapl tends to follow that index more closely imo

bigb can anyone hear this guy

steveg is he in an interection?

bigb no kidding

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Harris wow, is it ever slow out there today...

Ken-ST Moderator: no kidding

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Ken-ST Moderator: slow day all around

James-ST Moderator: hey steveg, you still in AAPL or closed?  Very nice short for you, and with astop at HOD when you entered it was a mere .5% stop or so.

Harris makes for very difficult trading and choppiness

steveg im in james- but got in a little late.. at 65.46

steveg but i like to see momentum on s/r plays

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Ken-ST Moderator: stoch up

Ken-ST Moderator: market above the 5 ema

Ken-ST Moderator: intraday downtend momentum stopped for now

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

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evan would TOPT be a good buy at 16.36

brady i was looking at that too

James-ST Moderator: Could work out.....but no trigger for us during lunch......

Ken-ST Moderator: Ok gang, taking a short break here

Ken-ST Moderator: be back in 20

James-ST Moderator: also note on 9/5 last year, it reached this area and failed, could be resistance

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steveg lets see some moves

steveg lol

kvr james or ken:would you consider going long ostk @ 26.07, new high for day?

Cale Whoot TOPT HOD

cbat Ken is LEA setting up as type C long?

James-ST Moderator: Two things that may be hard on OSTK.......

kvr stk has a huge short in it, and can"t be borrowed

James-ST Moderator: On the daily chart note it is right at the 50 ema.......and on the 5 minute cahrt it is very overbought.

James-ST Moderator: nice cale

James-ST Moderator: very ncie cbat

James-ST Moderator: nice

Cale did you see my note & Questions on that one James?

James-ST Moderator: It may work out, but on the daily chart there are no grounds for support, Type C's are best when we can look back on daily chart and see support.

James-ST Moderator: cale-i saw you guys discussing it, but did you enter it?

Cale yes in @ 15.53 and my question was what is its next resistance

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evan i didn't

James-ST Moderator: ah cale, right here......i think the answer i had for OSTK above was meant for TOPT, 9/5 it hit these levels and failed

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James-ST Moderator: OSTK, is right at the 50 ema on the daily right here.

limey Does anyone have any experiance with genesis secuities ! I have been told they are good !

James-ST Moderator: See that cale on daily chart of TOPT?

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limey NMTI new LOD

Cale your confusing me James, which chart?

Cale I was asking about TOPT

Cale My question is how high can TOPT go toady?

James-ST Moderator: Yes TOPT, 9/5, see it got to this level and failed.......and on the 5 minute chart it is overbought.

Cale today

Cale man its cold and my fingers cant tyupe

Cale so you think its at its high?

James-ST Moderator: lol, Just noting, that by looking back on daily chart of TOPT it could be near resistance set up by 9/5

Cale k k ty

Ken-ST Moderator: back

limey 2% on NMTI !!!

Cale NICE Limey  [img id=em-10]

James-ST Moderator: vn limey.....making new lod.......

jimmyboy James, how can you tell when a stock is overbought or oversold looking at 5 min charts? Im new in this thing

James-ST Moderator: sure np jimmy.

James-ST Moderator: We overlay our charts with the 5, 20, and 50 ema, and we use slow stochastics as our indicator.........

Cale i figure TOPT is strong because its up trend is beating the sideways to down trend of the S&P

johnboy Cale, my supersexy papertrade on TOPT would be short at 16.22, stop at HOD, and goal of 1%....play at your own risk....but send me 4 Guinness if it pays out

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jimmyboy so if its over EMAs its overbought. another one: what would be a slow stochastic?

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Cale JohnBoy, thanks for that!!!

Cale Guinness huh? how about a few Coors Lights?   [img id=em-8]

johnboy coors light, lol......I'm canadian man, that wouldn't cut it

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bigb plus with guiness theres so many other fun drinks u can create

James-ST Moderator: jimmy, do you know how to overlay your charts with whatever platform youa re using?

evan what fun drinks?

johnboy well, off to fight the man at city hall, I'm fighting a new subdivision............evil happens when good men don't act (Lord of War quote). Have a profitable afternoon

jimmyboy yes

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James-ST Moderator: lol johnboy.....always something interesting going on in your life.

bigb poor-man's Black Velvet, bruised pear, drop of diesel, and many more

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James-ST Moderator: ok, add those slow stochastics with settings 14,3

evan thanks bigb, how about spiced rum?

James-ST Moderator: When those stochastics are above the 80 line, we call it overbought.......

James-ST Moderator: Note TOPT is just starting to come off of overbought levels.

jimmyboy think i got it, thanks man

James-ST Moderator: 75.71 on the stochastics.

James-ST Moderator: sure jimmy, always ask questions........

Cale ty James

bigb many many tropical drinks, mixes well with any sodas, juices

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jimmyboy hope you wont regret saying that :)

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James-ST Moderator: hey kimmroni

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brady no gap plays james?

bigb stochs in middle of range

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James-ST Moderator: soon brady.......

Ken-ST Moderator: no early trigge3rs

julie: MDCO lod worked

guru NMTI tanking, new lod

julie: sorry NMTI I meant

James-ST Moderator: yes, NMTI 5% past trigger.........very nice runner......hopefully our trigger on that and the related secondary.....more or less supports our point, that alothough you may not catch all triggers for 1%, we only book runners at 1% as well......a wash as far as meeting results.........

JR Steveg, looks like AAPL is going your way

James-ST Moderator: Market continuing to slide.....Almost at LOD......Stochastics remain down..........

steveg its putting me to sleep. wake me up when it gets there, jr lol

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steveg im thinking market may be too oversold befor i get what i want out of aapl

James-ST Moderator: Crossing fingers for you steve......

steveg ty james

James-ST Moderator: Hopefully AAPL plows through that 50 ema on 5 minute chart, and works to fill that small gap created this morning

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

steveg y thats all im askin for...

Ken-ST Moderator: stoch still room to fall

Ken-ST Moderator: we had a nice lunch time reversal at the 20 EMA

Ken-ST Moderator: market currently under the 5 ema , stochdown

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James-ST Moderator: Questions or comments gang?

James-ST Moderator: As always, bring up personal trades or other stocks of note.

Ken-ST Moderator: Ok lets start to open up alerts

Cale Yes, James, Whats for lunch?

Cale I am hungry and didnt go to the Gym, so i need to eat light

Cale Thinking about a Juice Stop Drink

Cale Ken you drink there at all?

am utiw...still in play?

Ken-ST Moderator: Beer?

Ken-ST Moderator: Yes it is AM

Cale Juice Stop

am ok

Ken-ST Moderator: We do not have a Juice Stop Drink

Ken-ST Moderator: we have Jamba Juice

Cale ah oops, we dont have any around here

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steveg may i suggest a corned beef sanwhich heavy on the onions and horseradish?

bigb no jamba??? wow, i thought that had gone everywhere by now

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Ken-ST Moderator: really I thought it was everywhere Starbucks was

James-ST Moderator: yeah wow

James-ST Moderator: cale, where do you live again?

James-ST Moderator: I thought Jamba and Starbucks were everywhere.

James-ST Moderator: ah........steveg........that sounds so good.......

Ken-ST Moderator: NMTI is close to a lod, but the stock is very overold

Ken-ST Moderator: but there is a tight stop noted

bigb doesnt it, wow im suddenly hungry again

steveg on some good bread

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]TOPT 16.47[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]TOPT 16.47[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]TOPT 16.47[/b]

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brady long or short?

Ken-ST Moderator: LONG if it hits a new hod

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]TOPT 16.47[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]TOPT 16.47[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]TOPT 16.47[/b]

Cale WhoooT, hope you all get filled, I would enjoy the company

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Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]TOPT 16.15[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]TOPT 16.15[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]TOPT 16.15[/b]

Cale lol 6.25% now, think thats too greedy?

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Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]TOPT 16.21[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]TOPT 16.21[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]TOPT 16.21[/b]

Cale 1% of 16.47 is [b]16.64[/b] Cross your fingers, oooooommmmmm.......

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

James-ST Moderator: a push

brady my fingers are

Cale you all went Long right not Short!!

brady long!

Cale oooooommmmmmmm

Ken-ST Moderator: lol

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

jy Cale, did you short TOPT ?

Cale [img id=em-4]

no

Cale stil Long

jy you long, too ?

brady am with ya guy

Cale JohnBoy was talking about going Short @ 16.22

Cale I am long at 15.53

Cale was hoping to see a full $1 gain

jy we need the market to help

Ken-ST Moderator: NMTI made a new lod but did not bring in much selling

Ken-ST Moderator: that is a red flag to the downtrend

Ken-ST Moderator: with an oversold condition and a move above the 1 min 5 ema

Ken-ST Moderator: fyi

Cale so NMTI went down on light volume?

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Ken-ST Moderator: Not sure, not looking at volume

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evan I picked up NMTI at 14.23. where should I exit?

evan long

Cale this is the 2nd little dip in TOPT  [img id=em-5] but came back up, so....

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Ken-ST Moderator: 1% money management is what we stress

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Ken-ST Moderator: we feel it is a great place to take at least some profits

evan oh yeah. sorry

Cale $13.40

Ken-ST Moderator: after that monitor the markets to determine if you will ride the trade out for more profits

James-ST Moderator: evan, set stop at 13.99 for one.......take some profits at 1% and ride the rest out with a trailing stop...could be a promising trade if NMTI comes off of thsoe oversold levels

Ken-ST Moderator: stop at 13.99 at the very loosest

James-ST Moderator: welcome gkent

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Ken-ST Moderator: wb

Ken-ST Moderator: hi gkent

Cale err 14.40

gkent Hi Ken....just signed up a few minutes ago

Ken-ST Moderator: Cool good to have you

gkent thx

Ken-ST Moderator: Feel free to ask questions along the way

Cale Welcome  gKent

gkent thx guys....i'm a full time trader in midtown nyc....always looking for more idea flow

James-ST Moderator: [img id=em-3]

Cale Well "[b]The Ken & James Show"[/b] is the place to be

James-ST Moderator: Make sure to join us about 15 minutes before market open.....most of our activity in the morning......

James-ST Moderator: Not much now.........

Cale get the Video, it helps explain a lot  [img id=em-10]

gkent thx....i wanted to get setup this afternoon when i was slow so it would be ready to go tomorrow

Ken-ST Moderator: good idea

jy TOPT - The Company has declared a special dividend of $5.00 per share, payable on March 27, 2006 to shareholders of record as of March 22, 2006. The Company expects to declare an additional special dividend in the amount of $2.50. The declaration of that dividend is expected to be announced towards the end of March 2006.

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Cale maybe I will hold onto my  TOPT stock?

evan 1% profit on NMTI.

Ken-ST Moderator: evan, looking handsome on that NMTI buy

steveg cale has the only oil related stock i haven't bought

Ken-ST Moderator: nice

Ken-ST Moderator: wtg

jy I might keep TOPP for $7.5 of dividend - it's oil tanker bussiness and pays around 10% dividend on average.

James-ST Moderator: that is a crazy dividend........

jy topt

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jy they sold some $500M worth of tankers and leased them back.

Ken-ST Moderator: dividends are more for tax considerations imo

Cale do you have to hold the stock for Dividends for the whole day?

jy smart financail move

gd test

gd asking me to lag back in...

Cale Ken, for the company or the investor?

gd lost left side

steveg hey what happenned - mini rally

evan how about ESLR as a buy

Ken-ST Moderator: Dividends is a common misconceptioin

Ken-ST Moderator: its not free money

Ken-ST Moderator: really what you are doing is moving your capital gains, to a tax free dividend

julie: MDCO sneaking up

Ken-ST Moderator: when they issue the dividend, the stock will go down by that amount

Ken-ST Moderator: Cale you need to hold the stock over past the ex dividend day

gd utiw sneaking down

steveg julie, you get any juice out of your wait a day and short cramer strategy?

jy March 22nd is trhe date of record.

julie: I changed the strategy

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julie: Im shorting after market

julie: better results

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Cale GO TOPT go!!!

brady new high topt!

Ken-ST Moderator: TOPT at hod

julie: MATK

julie: you might hear the thud if MATK breaks

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Cale come on TOPT .63!!!

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]TOPT 16.36[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]TOPT 16.36[/b]

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gd goog making a move up

jy TOPT handsome

Ken-ST Moderator Profit!

Ken-ST Moderator Profit!

Ken-ST Moderator Profit!

Cale <beep beep beep>

Ken-ST Moderator Profit!

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

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

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

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

brady hit it!~

Ken-ST Moderator: nice job gang

Amlo Yessssssssssss good one

Cale Cha-Ching!!!!

Cale I only took 1/2

jy i loaded up on TOPT - TTYYYY.

Cale gong to let the other 1/2 ride for a bit w/ a very close stop

jy Cale, what's your stop ?

Cale .07 trailing stop

Ken-ST Moderator: Market close to intraday resistance area....top end of day range

Ken-ST Moderator: stoch near overbought on market

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James-ST Moderator: Questions or comments?

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gd mygn...going up

Cale Same Question James, whats for Lunch?

James-ST Moderator: Leftover roast pork, and brown gravy, all the healthy white pork, so not that good......kinda dry.

jimmyboy James, do you guys see any downside in buying and holding some TOPT for that huge dividend till 27th?

James-ST Moderator: hmmmm

Ken-ST Moderator: Jimmyboy, would this be for tax purposes?

Ken-ST Moderator: that is the only real benefit of holding

Ken-ST Moderator: the stock goes down by the amount of the dividend when it is distributed

Cale how does the work Ken?

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jimmyboy So Ken there's really not a big advantage of doing so

Ken-ST Moderator: if they issue a $2 dividend per share, the stock will open the day down .25 from the previous day

Ken-ST Moderator: so really you will get the dividend, but have a unrealized capital loss

jy MDCO new hod 21.29

James-ST Moderator: MDCO new HOD, nice runenr

James-ST Moderator: