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The Power of 2% Chat Transcripts


10/27/05 Chat Session

 James-PDT Moderator: hey guys

trdr45 has entered DayTrading Chat

trdr45 GM Ken,James ..trdrs

James-PDT Moderator: HEY TRDR

trdr45 HEY,GM

hapeko has entered DayTrading Chat

tj has entered DayTrading Chat

tj gm

HarrietMeirs has entered DayTrading Chat

James-PDT Moderator: hey, hapeko, tj, harriet

HarrietMeirs hi

Eagle has entered DayTrading Chat

HarrietMeirs FOXH

HarrietMeirs USPI

Eagle GM James, and everyone

James-PDT Moderator: hey eagle

gp has entered DayTrading Chat

stan48 has entered DayTrading Chat

stan48 godd morning; nice day yesterday!  hope things continue for all of us today..

James-PDT Moderator: hey gp, stan....ty

Terry has entered DayTrading Chat

James-PDT Moderator: hey terry

stan48 can we watch verizon for long  today ?

Terry has left the room

steveg has entered DayTrading Chat

Terry has entered DayTrading Chat

Terry gm

HarrietMeirs FOXH

James-PDT Moderator: Ok everyone.....take care and catch everyone tomorrow

tony has entered DayTrading Chat

James-PDT Moderator: apply strategies stan, careful with 50 day moving average

tony has logged out

tony has entered DayTrading Chat

bulldogchip has entered DayTrading Chat

James-PDT Moderator: hey tony, bdc

bulldogchip hey James

HarrietMeirs President Bush "reluctantly" accepts Supreme Court nominee Harriet Miers's request to withdraw her nomination.

HarrietMeirs :(

ak has entered DayTrading Chat

ak gm all

James-PDT Moderator: [img id=em-2]

James-PDT Moderator: hey ak

HarrietMeirs J FOXH?

James-PDT Moderator: pd range

ak home alone james?

James-PDT Moderator: for now

HarrietMeirs bidu

James-PDT Moderator: ken is putting on his makeup

Todd-SOF Direct has entered DayTrading Chat

Todd-SOF Direct gm everyone

James-PDT Moderator: yeah, bidu, bearrally called that one, non shortable so will leave off for now

Vanja has entered DayTrading Chat

James-PDT Moderator: hey vanja

Vanja gm everyone

cleon has entered DayTrading Chat

James-PDT Moderator: hey cleon

cleon morning james

jy has entered DayTrading Chat

James-PDT Moderator: hey jy

jy gm

som has entered DayTrading Chat

James-PDT Moderator: hey som

som Hello James, hello all

kim has entered DayTrading Chat

James-PDT Moderator: hey kim

kim GM James

johnboy has entered DayTrading Chat

James-PDT Moderator: hey jb

johnboy hello all

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ak has entered DayTrading Chat

Hunter has entered DayTrading Chat

James-PDT Moderator: hey hunter

Alaska has entered DayTrading Chat

James-PDT Moderator: hey alaska

Alaska hi all

Hunter : gm guys

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joecgoodman has entered DayTrading Chat

joecgoodman hey

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James-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]ESRX 67.51[/b]

James-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]ESRX 67.51[/b]

James-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]ESRX 67.51[/b]

James-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PPDI 54.98[/b]

James-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PPDI 54.98[/b]

James-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PPDI 54.98[/b]

James-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]USPI 33.24[/b]

James-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]USPI 33.24[/b]

James-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]USPI 33.24[/b]

James-PDT Moderator: ESRX CLOSE

James-PDT Moderator: USPI CLOSE

James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]ESRX 67.51[/b]

James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]ESRX 67.51[/b]

James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]ESRX 67.51[/b]

joecgoodman where's the stop on esrx?

James-PDT Moderator: 67.19

joecgoodman thx

James-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]DRIV 28.64[/b]

James-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]DRIV 28.64[/b]

James-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]DRIV 28.64[/b]

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

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

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

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

alex has entered DayTrading Chat

James-PDT Moderator: ESRX...[img id=em-5]

James-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]AMLN 32.62[/b]

James-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]AMLN 32.62[/b]

James-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]AMLN 32.62[/b]

James-PDT Moderator: DRIV CLOSE

James-PDT Moderator: ADDING APCC

James-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]DRIV 28.64[/b]

James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]DRIV 28.64[/b]

James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]DRIV 28.64[/b]

James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]DRIV 28.64[/b]

James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]DRIV 28.64[/b]

joecgoodman stop on DRIV at 30.00?

James-PDT Moderator: 29.99

James-PDT Moderator: awesome joec

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

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

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

alex has logged out

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James-PDT Moderator: Rest of Type B's appear to be fading gap.....looking for consolidation for triggers

ahk has logged out

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ahk J u r a good solo act

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James-PDT Moderator: ty ahk

James-PDT Moderator: hey chris

Chris Good Morning

James-PDT Moderator: i am handsome too ahk

ahk no doubt

ahk is amln a hod play?

ahk was?

James-PDT Moderator: yes, don't chase though.......need consolidaiton to give us a stop

ahk it made the 1%

James-PDT Moderator: only touching 5 ema now...

James-PDT Moderator: DRIV new LOD

ahk now 2%

ahk ugh

ahk blasted through the high

James-PDT Moderator: ahk.....we always for consolidation

James-PDT Moderator: chasing it is up to you

James-PDT Moderator: ESRX new HOD

ahk I chase dogs too

joecgoodman 1/2 my position still long in ESRX :-)

ahk and they chase me

James-PDT Moderator: there, AMLN......pull back we wanted, now lets wait for another 5 minute bar

ahk nice joe

joecgoodman thx ahk

jy ESRX what a runner

James-PDT Moderator: USPI, touching 5 ema now........now we look for a pullback and consolidation......

James-PDT Moderator: you know the deal ahk....if we chased AMLN we could have entry near 35......and a quick dollar pullback......

joecgoodman we still like USPI for a short?

James-PDT Moderator: DRIV new LOD

James-PDT Moderator: if it ever gets there joec, now we are looking for a possible long trigger

ahk we had entry I thought under 34

James-PDT Moderator: geez DRIV.......they must have really had one heck of an earnings.

joecgoodman same on AMLN, James, looking for long trigger?

James-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]AMLN 35.01[/b]

James-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]AMLN 35.01[/b]

James-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]AMLN 35.01[/b]

James-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]USPI 35.01[/b]

James-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]USPI 35.01[/b]

James-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]USPI 35.01[/b]

James-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]USPI 35.01[/b]

James-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]PPDI 59.43[/b]

James-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]PPDI 59.43[/b]

James-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]PPDI 59.43[/b]

tony has logged out

James-PDT Moderator: IF AMLN triggers for a long we are looking at 34.34 as a stop

James-PDT Moderator: DRIV new LOD........very nice runner

joecgoodman thx for that stop, James.

tony has entered DayTrading Chat

jy DRIV new lod and ESRX new hod wow - too bad exited too soon

joecgoodman I almost kept half in ESRX, too, but I accidentally had my daily chart up instead of 5 min. and the look of it scared me out :-(

James-PDT Moderator: Big if on trigger......as ahk knows.....we wait for consolidation to set stops.....and aftera stock runs up like and we set a long trigger, it may not even trigger...the stock would have defined its daily range and you could see it just range trade for the day

joecgoodman AMLN is hitting our stop....good thing we haven't triggered yet. :-)

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

James-PDT Moderator: Whole purpose of strategies......minimize risk.....keep us away from chasing a stock down without a stop

joecgoodman I can dig it.

alex has entered DayTrading Chat

ahk apcc buy on hod?

James-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]APCC 21.51[/b]

James-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]APCC 21.51[/b]

James-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]APCC 21.51[/b]

James-PDT Moderator: just for you ahk

ahk humm.........................

ahk lol...............it immediately went down

James-PDT Moderator: Feel free to yell out any stocks of note.....whether they fit strategies or not.....others may find they of interest.

James-PDT Moderator: DRIV new LOD...................[img id=em-5]

ahk getting crushed

James-PDT Moderator: 5% runner.......nice

ahk 29.75 in pre market

jy exited my last 50% of DRIV at 27.65 still too early. profit

ahk great premarket short

James-PDT Moderator: awesome jy........no such thing as exited too early when you take a profit

jy james, you're a;ways right

Vanja has logged out

James-PDT Moderator: lmao jy

cleon no one ever lost money taking  a profit.... ;)

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James-PDT Moderator: yes

ahk J look at KBAY

Alaska how about NMS at new hod?

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James-PDT Moderator: Only trigger close is USPI

Alaska type a

joecgoodman 2nd half of my ESRX just stopped out for another .83 profit.  It went 5 cents through my stop before filling and I'm sure will head back up now. :-)

James-PDT Moderator: APCC close to hod trigger

James-PDT Moderator: KBAY nice ahk

jy swingtrade altr just triggered

steveg apcc close

James-PDT Moderator: no HOD trigger on KBAY just yet.......

James-PDT Moderator: yes

James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]APCC 21.51[/b]

James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]APCC 21.51[/b]

James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]APCC 21.51[/b]

James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]APCC 21.51[/b]

James-PDT Moderator: one sec alaska

James-PDT Moderator: Goodness my DRIV new LOD alert keeps going off........

steveg uspi close

James-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]APCC 20.89[/b]

James-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]APCC 20.89[/b]

James-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]APCC 20.89[/b]

James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]USPI 35.01[/b]

James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]USPI 35.01[/b]

James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]USPI 35.01[/b]

joecgoodman stop on USPI?

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

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

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

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

James-PDT Moderator: Everyone can thank ahk for that one.....[img id=em-8]

joecgoodman NICE CALL, ahk! :-)

James-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]USPI 34.60[/b]

James-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]USPI 34.60[/b]

James-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]USPI 34.60[/b]

James-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]USPI 34.60[/b]

jy wow apcc

James-PDT Moderator: geez ahk......you picked a nice runner

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

ahk yeps

joecgoodman apcc wants to fill the gap

James-PDT Moderator: 3 very nice runners so far......all of them got over 3%

James-PDT Moderator: DRIV 6%

ahk J is KBAY a type B

James-PDT Moderator: ESRX 3%

James-PDT Moderator: APCC 5%

James-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]KBAY 14.86[/b]

James-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]KBAY 14.86[/b]

James-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]KBAY 14.86[/b]

jy my GLW stock is up over 5% +0.96 to 18.92 just exited the call option at 30% +

James-PDT Moderator: PPDI......there ahk....is an example of why we wait for it to touch the 5 ema on 5 minute chart and wait for pullback........now PPDI has defined its daily range and probably will not trigger either way.....meaningless trading action

James-PDT Moderator: wow, nice jy........very nice call

ahk jy do you make money in options most of the time

joecgoodman can we move stops on USPI to 34.74?

joecgoodman too soon?

James-PDT Moderator: joec you are handsome

ahk he is a plastic surgeon

James-PDT Moderator: good eye joec....

joecgoodman I trade because I'm too ugly to go out in public

ahk in your underwear?

James-PDT Moderator: joec, let's wait for another 5 minute bar

joecgoodman okay, james, I was looking at 1-minute bars and noticed that after my post

James-PDT Moderator: stillt rading above 5 ema and stochastics are up......looks good right now

James-PDT Moderator: Market new LOD

James-PDT Moderator: Where the heck is Ken?  man i know makeup takes time to apply but this is ridiculous

joecgoodman I have a put on the OEX that hits profit target in one more click!  I've been sweating it out....looked like it was doomed to be a loser, which would spoil my 95% win rate on OEX options.

James-PDT Moderator: very nice market pullback from SPX 1200+

joecgoodman It's only 4:30am in Hawaii.  His alarm hasn't gone off yet. :-)

James-PDT Moderator: Energy number coming out.....let's see if this does anything

cleon J - do you ever trail stops? or just cash out at target?

James-PDT Moderator: We don't exactly "trail".....we tighten stops when the stock sets a new resistance / support level.......

cleon k, thx

James-PDT Moderator: Who is new here today?  cleon?

cleon yesterday

James-PDT Moderator: ok, tony?

cleon great two days so far - good group

James-PDT Moderator: yep, we know stocks and are handsome to boot

James-PDT Moderator: DRIV LOD alert again.......incredible........[img id=em-5]

joecgoodman James, why isn't your picture on the swingtrades.com website? huh? huh?

James-PDT Moderator: sometimes you can be just too handsome......

johnboy uh oh, here we go again........lol

James-PDT Moderator: lmao jb

tony i am new

joecgoodman ah, I see, Ken wouldn't let you put your picture next to his.

James-PDT Moderator: [b]STOPPED Consider exit in[/b] [b]USPI[/b]

James-PDT Moderator: [b]STOPPED Consider exit in[/b] [b]USPI[/b]

James-PDT Moderator: [b]STOPPED Consider exit in[/b] [b]USPI[/b]

James-PDT Moderator: ok tony, and anyone else new ........in about 25 minutes we will field questions

James-PDT Moderator: Market new LOD

joecgoodman my fill on USPI was .23 below my stop!!!!  I'm pissed.

cleon same here

cleon at least i didn't 'limit' it again like yesteday thanks to your advisement

cleon would have blown through

jy KBAY triggered and made profit

joecgoodman yes, kbay running

James-PDT Moderator: Messed up perfection......sorry about that one....Market decline today relatively steep

James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]KBAY 14.86[/b]

James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]KBAY 14.86[/b]

James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]KBAY 14.86[/b]

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

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

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

James-PDT Moderator: ahk again..........

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

johnboy thanks ahk

johnboy 14.85 in 15.07 out, why can't they all be that easy

cleon NBL made a nice run through LOD ...

James-PDT Moderator: smokies.........ESRX new HOD

ahk I have a confession

johnboy don't worry ahk, it's legal in California

ahk did everyone get some kbay?

joecgoodman I got a tad.

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ahk anyone still holding?

James-PDT Moderator: hahahhaha jb

johnboy out already, hmm should of held

James-PDT Moderator: "legal in cali"

James-PDT Moderator: [img id=em-10]

ahk I'm offering @.15

ahk 15.15

cleon hmmm....

jy Is ken here today ?

ahk I started buyinbg at 14.55

joecgoodman James, tell me if this is a definitely a bad idea, definitely a good idea, or an "I don't know, you can try it."....okay, here it comes...

James-PDT Moderator: ESRX.......over 3 bucks profit.......almost 5%........nice day for runners

James-PDT Moderator: ok joec

alex has logged out

johnboy nice ahk, I thought about at 14.60 break, but no volume

ahk it ran after that

joecgoodman take 1/2 profits at 1% then set stop at original entry on the other half and let it run perhaps to the end of the day or to some other MUCH larger profit target?

James-PDT Moderator: I am going to feel bothered if UPSI hits profit

ahk you could see it coming

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Ken-ST Moderator has become a moderator

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James-PDT Moderator: tough call joec.......we had a member who was keeping track of triggers and if you held to end of day.....appears to have worked out.......but i dont agree......these volatile stocks always pull back heavily.......the nature of gapping stocks

James-PDT Moderator: geezus ken, i told you you dont need that much mascara

alex1 has logged out

Ken-ST Moderator: I thought daylight savings started last night

ahk ROFLMAO

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

jy ESRX wow new hod 71

James-PDT Moderator: Almost lunch period........new guys here, we will field questions there.........no triggers are close.........

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

James-PDT Moderator: USPI.....>>POS

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

joecgoodman James, good job this morning.

Ken-ST Moderator: Looks like you are all having a pretty nice day

James-PDT Moderator: ty joec

Ken-ST Moderator: is everyone making out ok?

jy yes. ken

Alaska yep

johnboy yup

trdr45 ya James Aced a few

Ken-ST Moderator: good to hear

Sooner Good here

James-PDT Moderator: Note that there is a direct correlation to results when ken went to disneyland couple weeks ago and today.

Ken-ST Moderator: Now I feel bad for taking James mom out this mornin

johnboy lmao

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

James-PDT Moderator: Market new LOD

johnboy come on guys lets get off the mom jokes, I mean I just got off yours.........

James-PDT Moderator: lmao

Ken-ST Moderator: lol

Sooner has logged out

joecgoodman can I ask a Q?

James-PDT Moderator: sure

Alaska flex at new lod a short play, it's out of range.

Alaska ?

joecgoodman why can't a person set a stop/limit with the limit being a better fill than the stop?  example, say your long at 21.00, and you want to set a sell stop-limit with the stop at 20.50 and the limit at 20.60?

James-PDT Moderator: yesterday lows is there

Alaska sorry joec

James-PDT Moderator: sure looks bearish alaska.....may work out.....does not fully fit strategy here......

James-PDT Moderator: todd, can you answer joec's question

Alaska below yesterday LOD then

James-PDT Moderator: yep

cleon Mods - is there info on the website for best software setup for making these trades - i find my execution timeframe to be limiting (i.e., looking for info on efficient platforms, etc.)...

James-PDT Moderator: you have direct access?

Ken-ST Moderator: http://sofdirect.com

cleon Interactive Brokers

Ken-ST Moderator: We use the IQ platform

Ken-ST Moderator: We have default screens ready made for users.

cleon k, i'll look into it - thx

Ken-ST Moderator: We also have for the DAS platform as well

alex has logged out

Ken-ST Moderator: Stochastics nearly turning up

Ken-ST Moderator: market just above the 5 ema

alex has entered DayTrading Chat

Ken-ST Moderator: intraday downtrend on verge of breaking

James-PDT Moderator: [b]CANCEL FURTHER TYPE B TRIGGERS, TURN TIME[/b]

James-PDT Moderator: Ok, new guys here, quesitons or comments?

Alaska James, your take on kbay consolidating and range narrowing before another jump up I hope!

James-PDT Moderator: 14.94 stop, nice consoldiation above that

James-PDT Moderator: stochastics still up, watch out for 20 ema on 5 minute chart though

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

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joecgoodman has logged out

James-PDT Moderator: Questions or comments?

Alaska thx, nap time here, back later.

Ken-ST Moderator: Have a good one

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James-PDT Moderator: lmao

James-PDT Moderator: holy crap jy

James-PDT Moderator: jy you there

James-PDT Moderator: ?

James-PDT Moderator: jy

Sooner has entered DayTrading Chat

James-PDT Moderator: Please tell me you are shorting your automatic bank machine MOVI until they go bankrupt

cleon Are most of the strategies used here presented on the site somewhere?

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Ken-ST Moderator: It is on the day trading video

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

john 3:16 morning

cleon k

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Ken-ST Moderator: Scanning for other plays right now

john 3:16 where is stop on zbra please

Ken-ST Moderator: ZBRA has not triggered for a trade

john 3:16 sorry i am ew ere

Ken-ST Moderator: ah, np

john 3:16 new

Ken-ST Moderator: The Type A alerts are posted in the mornings

Ken-ST Moderator: If the position was open, there would be an O in the status column next to the symbol

john 3:16 meant to say new at your site thanks

Ken-ST Moderator: ZBRA would have to go UP to 40.80 for it to qualify as a trade.

Ken-ST Moderator: gotcha

Ken-ST Moderator: Note how market found initial resistance at the 20 ema

Ken-ST Moderator: For those who are new here, we always have a chart of the 5 min SPX up

Ken-ST Moderator: To assess the market trends

cleon just curious - what's the turnover in this chat?  what percentage new ??

Ken-ST Moderator: Fairly low turnover

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Ken-ST Moderator: Just a handful new to the room

Ken-ST Moderator: wow, TZOO goes down everyday

cleon good sign - thx

Ken-ST Moderator: np

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

Ken-ST Moderator: we issues Type C plays during lunch, as we see them

Ken-ST Moderator: but sparingly

James-PDT Moderator: For the new guys here, 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.

cleon trivia question - u have any idea how many people are actually trading on any given day - all types ?  e.g., how big is the playing field?

cleon always wondered that

cleon not volume

James-PDT Moderator: hmmm......i would think millions......i would think whatever number of people in the US you think, double it for international traders

cleon i figured - i've always question the concept that the minute a strategy is out, it is no longer useful, because of the sheer volume of players.  you would have to have a lot of people using the same strategy - lunchtime thoughts...:)

Ken-ST Moderator: Our strategies are built on basic technical concepts of support and resistance

Ken-ST Moderator: It really is no secret

Ken-ST Moderator: It is just put together into a strict trade plan

cleon i know, i'm talking generalties here and other strategies, etc...  i just question whether specific strategies can really be made irrelevant other than through the passage of time and changing market cycles, etc.

Ken-ST Moderator: Furthermore, it helps that we are being extremely selective in the setups that we trade

cleon agreed

jy only 2 stocks on my screen are green - ESRX and GLW

Ken-ST Moderator: imo the concept of support and resistance will not change

cleon also agree - psychology...

Ken-ST Moderator: unless the psychology of the massess change

Ken-ST Moderator: exactly

James-PDT Moderator: wow, a woman was fired when she took unpaid leave to see her husband off to Iraq......you can bet that the company she worked for is going to get railed.......

cleon btw - appreciate u guys taking the time to help the newbies - great learning/trading experience

trdr45 yes if your edge isnt that great you either tost or you just bearly keep your head above water while getting eaten by ticket costs

trdr45 toast

Ken-ST Moderator: ah np cleon, that's why we are here

James-PDT Moderator: SHLD is getting beat today

cleon so much for cramer recs :)

Ken-ST Moderator: lol

trdr45 man they get psyched on that show...its frightening

James-PDT Moderator: DRIV....wow

cleon retail's getting killed - TLB hitting 52-lows

Ken-ST Moderator: ah, you know what, you may have two analyst with the exact opposite recommendations and they can both be right.

Ken-ST Moderator: It all depends on time frame

James-PDT Moderator: 35% drop in one day......

cleon i agree - i always wonder how many innocents are getting killed by payign too much attn to cramer

Ken-ST Moderator: At some point Cramer may eventually be correct on all his screaming predictions

cleon he's sharp - but lots of hype with no talk of entries/stops/money mgnt, etc.  could get too many excited who need to know more first

James-PDT Moderator: DRIV new LOD......[img id=em-5]

James-PDT Moderator: Nearing a 10% runner for us

cleon a beaut!

gp Who cares whether Cramer's predictions are right or wrong - as long as the stock moves one way or the other, that's all that matters :-)

gp Talking about day trading of course!!

trdr45 I guess Forbes or some mag actually documented and tallied his wins 48%went up after he spoke about them

James-PDT Moderator: He has a 48% success rate?

trdr45 but this is not that recent

James-PDT Moderator: geezus

trdr45 yes

James-PDT Moderator: off hand.......

James-PDT Moderator: i hate him.....

James-PDT Moderator: let's see......

trdr45 lol

cleon success rate or short-term increases due to mass buying based on rec?

James-PDT Moderator: he bankrupted a billion dollar hedge fund......

cleon until his wife bailed him out - LOL!

trdr45 were can I get a wife like that ?

James-PDT Moderator: from 1998-2001 he was recomended internet stocks all the way down...."BUY JDSU AT 150!"

trdr45 yikes!

cleon too funny - there's a website that tracks his recs - don't remember which, but has them all

trdr45 yes google madmoney its first on the list

cleon u can make some good money fading this trades next morning

cleon this = his

James-PDT Moderator: and now his hype show is getting the unknowing to buy stocks blindly.......his whole show is nearing a Sunday Sermon format........all he needs is a chorus to sing songs.......people are buying crap on blind faith

johnboy ah, my routes just came back, now that form has snapped back, no market fills in the 21.40 to 21.50's, time to walk dogs............

johnboy grrrrr.........FORM textbook bounce

James-PDT Moderator: ok jb catch you in a bit

James-PDT Moderator: ahk nice APCC

cleon u guys use tick and/or trin at all?

James-PDT Moderator: KBAY found too much resistance under that 20 ema on the 5 minute

Ken-ST Moderator: No we do not use Tick/Trin

cleon k

Ken-ST Moderator: we try to use as little indicators as possible

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cleon another (last) question - do u apply the 5,20,50 ema and stochastics to your target stocks, or just market (spy) charts during your daily routine?

cleon haven't seen videos yet

Ken-ST Moderator: all time frames

Ken-ST Moderator: all stocks, all time frames

Ken-ST Moderator: although you dont need stochastics on 1 min

cleon got it

cleon ok, i lied, one more newbie question - do recommend routing to a specific exchange, or stick with the smart routing provided by the broker (in this case, Interactive Brokers)?  does it make a difference?

Ken-ST Moderator: I dont like auto routes

Ken-ST Moderator: ARCA is preferred

James-PDT Moderator: hey cleaon do you like IB?

James-PDT Moderator: cleon

Ken-ST Moderator: Auto routes tend to be slower imo

cleon so far, but u have to understand my prior experience was with the mass providers - first quick and reilly, then etrade, then fidelity - investing for 20 yrs, trading for 1 (swing), daytrading for a week - so my functionality requirements are still in development - was looking at Tradestation as an laternative to IB

cleon GUI looks a bit more user-friendly

cleon i.e., don't know what I don't know yet...

James-PDT Moderator: I used to go with them (IB) along with someone else here.......we were talking about them a few weeks ago......their customer service was unbeleivably......

James-PDT Moderator: terrible

James-PDT Moderator: just wondering how you did with them

cleon i like the software and do much better with trading than earlier providers, but new to faster trading styles ...

James-PDT Moderator: just dont encoutner a problem and call them......man i wanted to strangle those guys.....

cleon good margin rates

cleon haven't had a problem yet - went with them based on S&C/Barron's recs

James-PDT Moderator: try todd's free demo platform here.......after that, what you do is compliment him and weasel yourself some good commissions and margin rates

cleon do u pretty much always go through ARCA then?  - will do on the demo

James-PDT Moderator: preferably arca

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James-PDT Moderator: todd is pretty much useless and boring......but sometimes he helps in finding and adding stocks to your shortable list......and since he is here, when you have any problems you can just bother him.......customer service does not get easier than that.

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

Todd-SOF Direct Thanks James...I think.

cleon LOL - u guys both Hawaii? or one west coast

cleon james/ken

James-PDT Moderator: not in hawaii for me, only ken.....the prosepct in living grass huts does not entice me

Todd-SOF Direct Anyone interested in a simulator can email info@sofdirect.com and mention simulator.

trdr45 ya but those native girls !

Todd-SOF Direct Or you can engage me in a private chat if you wish

Ken-ST Moderator: lol

Todd-SOF Direct We will give subcribers to this room a good rate.

Ken-ST Moderator: we just got Mcdonalds here last week

Ken-ST Moderator: Some people have 2 TVs in their house now.

cleon LOL - running water?

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

James-PDT Moderator: heated by volcano?

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Ken-ST Moderator: lol

James-PDT Moderator: Anyone else with anything of note?  Stocks or otherwise.......movie reviews are always appreciated......

James-PDT Moderator: Where did joec go?

James-PDT Moderator: hmmm

James-PDT Moderator: Just got Batman Begins yesterday.....i must admit i liked it when i saw it when it came out in theaters.....but i liked it even more the second time around......very well made.....

cleon great movie - one of the best in the genre - surprised me

James-PDT Moderator: yep

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James-PDT Moderator: hey ken your star wars comes out soon.

cleon Hero was another surprise rental - great visuals and sound but you have to like the 'flying dragon' style movies

cleon and of course, Usual Suspects is a classic

James-PDT Moderator: yes, Hero was fantastic

cleon but Hero is all about high-def and surround

cleon vs. Usual Suspects with just a great story

James-PDT Moderator: I just dont think i have ever seen one those Chinese movies end happily......you just watch them and get depressed.

cleon so true...

Ken-ST Moderator: really

cleon TLB punching through new lows but not sure if it fits your strategy

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cleon I'm short from open

James-PDT Moderator: very nice

Ken-ST Moderator: TLB there is a support area just below

Ken-ST Moderator: Hi PVG

cleon PVG?

Ken-ST Moderator: pvg6799

cleon oh...sry.  different thread LOL

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James-PDT Moderator: hey bear

bearrally what's up james

Ken-ST Moderator: Hi Bear

James-PDT Moderator: bear you still short/puts on shld?

bearrally james, no

bearrally will look into it

bearrally where is joe today?

James-PDT Moderator: i thought your plan was short until 100?

James-PDT Moderator: he was here a little while ago.....will probably be back

jy bear, did you play GLW ?

bearrally he could have gone against my position on rimm

cleon on TLB - would it be logical to assume next stop is 24 based on old resistance? already broke through 6-month lows? (other than intra-day resistance)

bearrally and made tons of money today

bearrally jy, yes loose both way on the straddle

James-PDT Moderator: cleon.....you mean support on TLB?

Ken-ST Moderator: The general area could be choppy

bearrally who is the idiot upgrade rimm?

Ken-ST Moderator: probably the same idiot wanting to dump their shares

jy bear, sorry about that. I did the call option plus stock. option bought at 1.3, it's at 1.9 now set stop at 1.8. stokc is up 7%.

som Hasta la vista muchachos

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cleon yes - support on tlb

jy RBC Capital upgraded RIMM

James-PDT Moderator: Last i see is 9/28/2004 for TLB

James-PDT Moderator: Right here........

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bearrally goog job jy

bearrally jy, those are hard to straddle

bearrally good job

bearrally goog paid me so much the past year

bearrally that i can't said good anymore

bearrally lol

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cleon at 24.11 - would u consider that a support level?

James-PDT Moderator: yes

trdr45 Ken think ESRX can blow HOD again  its looking strong...

cleon k, thx - interesting, just started moving again, must have been our discussion - LOL

James-PDT Moderator: Definitely will open up an alert.......later on....nice sotp

James-PDT Moderator: stop

jy bear, GLW as I said yesterday is not a straddle play. I've been floowing the stock for a long time.

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Ken-ST Moderator: trdr, EXRX is trading nicely above its 20 EMA

Ken-ST Moderator: so right now its in more of a sideways consolidation above the MAs

trdr45 ah yes

Ken-ST Moderator: if it does blow through it will be a nice entry sign

trdr45 yup

bearrally any other good trade jy?

bearrally should, could, would of listen to your play

bearrally i think rimm know that i am shorting it heavily

bearrally lol

jy OSTK earnings tomorrow - on a Friday market close. But the option is expensive and there is no short available.

bearrally are you looking to short it?

bearrally reporting earning on friday?

bearrally they know they are dying

Ken-ST Moderator: MXIM, KLAC reporting after close

jy there is no hsort shares available on OSTK. I might do a put but premium is too much

bearrally 50% today, if it go down the other 50% tomorrow

cleon esrx still moving

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

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Ken-ST Moderator: wb

bearrally refco didnot effect cme earning?

James-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]ESRX 71.01[/b]

James-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]ESRX 71.01[/b]

James-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]ESRX 71.01[/b]

James-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]ESRX 71.01[/b]

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Ken-ST Moderator: wb gang

johnboy ty

Hunter : anybody else having a problem getting the feed from DAS ?

Ken-ST Moderator: PPDI near support area, we will not issuing any short alerts

johnboy feed ok, but routes have been up and down for me

Hunter : yeah me to !

johnboy ...corksoakers

Hunter : gettin kinda tired of it ! 3rd day in a row !

johnboy yep, I miss my IQ.........DAS needs more cowbell imho

Hunter : corksoakers isn't strong enough ! !

Ken-ST Moderator: That is all Alliance

johnboy I missed FORM at 21.46 Limit and no fill on a market buy when the ask was at 21.50, now it's at 23.90.......yeesh.........but I know not to trade when I am frustrated

Hunter : and there customer service guy is nothin more then a wigged out stoner ! can't understand a word he says !

johnboy Hey, I'm the customer service guy..................lol

Ken-ST Moderator: Those in AIM Day Trader

Ken-ST Moderator: we will have news of a better alternative for you all

Hunter : nothin personal ....... I think ! lmao

Ken-ST Moderator: lol jb

Hunter : well Ken stop talkin about it and get it done !

johnboy hehe

Ken-ST Moderator: lol

ahk does it make sense to play esrx when the market is so weak?

Hunter : sorry I'm pissed they finally broke my line of tolerance !

johnboy if anyone would like to acquire a share of my firewood pile, they can come help me split it this afteroon.........firewood futures up 60% this winter

Ken-ST Moderator: If the stock breaks to a new high in the face of it, its  a good sign

James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]ESRX 71.01[/b]

James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]ESRX 71.01[/b]

Ken-ST Moderator: it does involve more risk, however, you want a tighter stop just in case

James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]ESRX 71.01[/b]

James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]ESRX 71.01[/b]

Ken-ST Moderator Buy!

jy wow

trdr45 boom

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]ESRX 70.07[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]ESRX 70.07[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]ESRX 70.07[/b]

ahk 1% may be a big hurdle

James-PDT Moderator: My wife is a pharmacist.....she was saying something about how they would not be able to function without ESRX.....i guess the stock is showing it.......

Hunter : wow James thats good has she got anything for the pain of AIM ? lol

James-PDT Moderator: lol

johnboy vicadin would do it Hunter

jy market diving

bearrally cme lod

Hunter : yeah man ! takin with crown of course ! lmfao

bearrally james, so how does pharmacist do it before esrx

ahk dont like to go long in a ****ty mkt

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James-PDT Moderator: no idea bear

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ahk caveat emptor

bearrally ahk, red is pretty

bearrally lol

bearrally this is a good market

bearrally lol

James-PDT Moderator: wb joec

Ken-ST Moderator: wb

bearrally joec, was talkinng about

bearrally did you go against me on rimm

bearrally would have made a killng

James-PDT Moderator: yes, CNBC needs to get rid of their bias and understand that traders make just as much money down as up

joecgoodman no bearrally, I missed that.

cleon letting them keep it - makes for better shorts

joecgoodman James - PREACH IT, MAN!

bearrally james, do they understand what short mean?

joecgoodman "it was a bad day on Wall Street".....for who?

bearrally i don't think it is in their vocabulary

James-PDT Moderator: yep

bearrally joec, not for me

joecgoodman it's a pretty good day in this room?

joecgoodman right?

James-PDT Moderator: [img id=em-10]

joecgoodman James & Ken: +2.82%      S&P - 0.6%

johnboy maybe the S&P shorted itself with a 10:1 margin though..........

cleon conservatively

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joecgoodman bearrally, I haven't even looking at RIMM today....ah, just looked.  Any good news?  Or just speculators?

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joecgoodman even been looking

joecgoodman just correcting my english there

Ken-ST Moderator: brb gang

joecgoodman James, you sure have some nice teeth.....or do they just look white cause your face is so yellow?

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

joecgoodman much better

joecgoodman levitating eyebrows

ahk kci................eek

joecgoodman I see you guys went long ESRX while I was gone.

joecgoodman wondering if I should enter....looks good on the 5 min. above the 20 ema

ahk joe you can still get in\

ahk the water is cold though

joecgoodman but I'd feel better if the market were going up today

ahk likewise

joecgoodman slow stochastics might be curling at the bottom....might be perfect timing....I'm scared to pull the trigger!

ahk so many stocks are getting taken out and shot today

joecgoodman got my 1.03 and don't want to give it back

cleon use the force joec..

ahk I can't remember the last time there was so much damage

joecgoodman James, where's your stop on ESRX?  around 70.30?

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James-PDT Moderator: 70.07

James-PDT Moderator: see if we can tighten

James-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]ESRX 70.39[/b]

James-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]ESRX 70.39[/b]

James-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]ESRX 70.39[/b]

James-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]ESRX 70.39[/b]

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cleon ....u could hear a pin drop

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

ahk next sound is chaching

James-PDT Moderator: Feel free to share your personal trades....thoughts.......etc......besides strategies we are here to share info.........

johnboy 2 minutes in the box for ahk

joecgoodman all I hear is crickets

cleon LOL

James-PDT Moderator: hey joec got my Batman yesterday through NFLX......loved itt second time around.......

johnboy that's a hockey reference for you non-hockey types (for premature chaching)

joecgoodman cool - I have a netflix copy of it sitting here right now too

joecgoodman took my 3 boys to see it at the theater, but we need another dose

joecgoodman very well done, don't you think?

joecgoodman say, James, did I ask you if you've seen the MI-5 mini series?

James-PDT Moderator: yep, whoever directed/produced hoefully will do the second......

James-PDT Moderator: yes, what is that?

joecgoodman thanks for the clarification, johnboy.....this Texan had no clue.

joecgoodman what is MI-5?

James-PDT Moderator: yes

James-PDT Moderator: MI-5 series?

joecgoodman it's the British CIA

James-PDT Moderator: oh, MI-6?

James-PDT Moderator: James Bond?

Ken-ST Moderator: back

joecgoodman whereas we have CIA and FBI, they have MI-6 and MI-5.  I may have them backwards as to which is like our CIA.

James-PDT Moderator: ah i see......

joecgoodman but they liaison with our CIA on the show, so I think their MI-5 is their intelligence agency

joecgoodman you'd like it

James-PDT Moderator: will look it up

johnboy I thought the CIA was just public relations, isn't the NSA the real intelligence gathering agency in the U.S.?

joecgoodman much milder than 24, and has that brainy British humor that you have to be paying attention to catch

joecgoodman no, NASA makes ball points, as someone pointed out yesterday

James-PDT Moderator: lol

joecgoodman ESRX continues to do nicely!

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

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

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

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

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

jy wow gj

ahk yipee

James-PDT Moderator: 4 bucks from morning entry.....

James-PDT Moderator: Anyone heard how the real NASA spent like 2 million dollars TRYING to develop a pen to write in zero gravity?   Solve the writing in space problem?

ahk 71.99 next piece please......................

joecgoodman I let 1/2 of my original 67.75 entry run to a p/b at 69.40, and felt in my gut right away that I should have just kept my stop on that 2nd piece at break even

johnboy wow, I could have sold them a pencil for probably 200 grand

joecgoodman would've been good for another 200 points

James-PDT Moderator: yep jb......the russians solved the problem with pencils

joecgoodman yes, Johnboy, and you could have thrown in free hammers and toilet seats for that price...imagine how much you would save them!

cleon nice call in esrx

johnboy I don't understand why NASA doesn't launch from Denver, wouldn't it save them a mile of very expensive fuel?

James-PDT Moderator: hahahah, good point

johnboy ESRX target of $82 and strong buy from Southwest..............no reason it can't see 74 today

joecgoodman that reinforces my hunch that letting a piece ride with a b/e stop would make some sense....picking up several dollars equals lots of trades, maybe a week's worth in some cases.

ahk chaching again

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ahk 71.99

Alaska good one on esrx, twice today !  gotta reboot

ahk this is getting fun'

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bearrally got stop out on cme put for 2 points

joecgoodman ouch

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James-PDT Moderator: wb

James-PDT Moderator: nothing really close

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char Another great day guys !  See ya in the am

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Ken-ST Moderator: wb

James-PDT Moderator: yeah ESRX made HOD

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Ken-ST Moderator: wb

cleon energizer bunny (ESRX)...

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pvg6799 thx

tj thx guys

James-PDT Moderator: you out tj?

tj yes. see you tomorrow.

James-PDT Moderator: ok bud take care

tj thx. you too.

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James-PDT Moderator: ESRX new HOD

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James-PDT Moderator: another HOD......amazing

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

ahk excellent day fellas

James-PDT Moderator: ty ahk

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ahk think your done?

James-PDT Moderator: Nothing close

James-PDT Moderator: You can go

James-PDT Moderator: lol

ahk thanks mom

James-PDT Moderator: hahahah

ahk CRASH just came in the mail

ahk good time to watch a flick

James-PDT Moderator: yep

James-PDT Moderator: tell me how you like it

ahk you can read my review in the NY Times

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

johnboy wow, it will cost a lot to put a movie review in the classifieds, won't it?

James-PDT Moderator: lmao

bulldogchip RIMM moving on up again

ahk ske shorted at 57 lod.......................yummy

jy ken and james, do you guys still want to watch my son's movie Eidolon ? Give me th email address in provate chat and I will mail one to you. you guys have to take turn since this is one of the last few copies.

jy mail address

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ahk market like an ATM today

Ken-ST Moderator: wb

James-PDT Moderator: one sec jy, thanks

Ken-ST Moderator: Market nearing the lod

Ken-ST Moderator: Yes jy I do

Ken-ST Moderator: Thanks jy

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Ken-ST Moderator: wb

cleon thx

cleon anyone know how to 'unfloat' the chat window - other than logging back out and in?

James-PDT Moderator: hm