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

john3:16: morning

James-ST Moderator: gm all

Ken-ST Moderator: [b]Good Morning[/b] [b]James, alex[b]

alex good morning

char has entered DayTrading Chat

char gm all

Ken-ST Moderator Update!

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

Ken-ST Moderator: lol , the CEO of OSTK is on CNBC

Ken-ST Moderator: with his tail between his legs

Ken-ST Moderator: Sound terrible

trdr45 has entered DayTrading Chat

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

trdr45 has logged out

trdr45 has entered DayTrading Chat

trdr45 GM Ken , James ..all

Todd-SOF Direct has entered DayTrading Chat

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

Todd-SOF Direct has logged out

bulldogchip has entered DayTrading Chat

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

Todd-SOF Direct has entered DayTrading Chat

Todd-SOF Direct gm everyone

bulldogchip gm Ken

Sooner has entered DayTrading Chat

ahk has entered DayTrading Chat

Ken-ST Moderator: [b]Good Morning[/b] [b]Sooner, ahk[b]

James-ST Moderator: hey ahk, sooner, anyone i missed

johnboy has entered DayTrading Chat

ahk sup fellaz

James-ST Moderator: hey jb

Sooner Good Morning

ahk KLAC

James-ST Moderator: wow, some fan won a million dollars kicking a 50 yard fg during a halftime show

pancho has entered DayTrading Chat

James-ST Moderator: this after he missed from 20, 30, and 40

James-ST Moderator: hey pancho

pancho gm

johnboy good morning everyone

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

gp has entered DayTrading Chat

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

gp morning all

ak has entered DayTrading Chat

Terry has entered DayTrading Chat

ak gm all

Ken-ST Moderator: [b]Good Morning[/b] [b]Terry, ak[b]

Eagle has entered DayTrading Chat

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

pvg6799 has entered DayTrading Chat

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

pvg6799 gm

ayala has entered DayTrading Chat

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

Eagle GM ken

Eagle GM James

stuart has entered DayTrading Chat

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

stuart gm all

cleon has entered DayTrading Chat

cleon gm

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

Violet has entered DayTrading Chat

Violet gm guys

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

hapeko has entered DayTrading Chat

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

jjwolfe has entered DayTrading Chat

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

ahk K is KLAC type B

steveg has entered DayTrading Chat

steveg gm guys

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

Ken-ST Moderator: We have MXIM on the list

alaska has entered DayTrading Chat

chuck has entered DayTrading Chat

Ken-ST Moderator: Im looking at KLAC and it looks like its caught between trading ranges

Ken-ST Moderator: [b]Good Morning[/b] [b]alaska, chuck[b]

alaska hi

Vanja has entered DayTrading Chat

chuck good morning

Hunter has entered DayTrading Chat

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

James-ST Moderator: hey hunter, anyone i missed

Ken-ST Moderator: Market Assessment:

Vanja good morning

Hunter : gm guys

gwoody has entered DayTrading Chat

Ken-ST Moderator: Daily chart:  below the 5 day EMA, stochastics down

James-ST Moderator: hey gwood

Ken-ST Moderator: [b]Good Morning[/b] [b]Vanja, gwoody[b]

Ken-ST Moderator: Hourly Chart: downtrend

Ken-ST Moderator: 5 min: downtrend

Ken-ST Moderator: overall a downtrending bias to the market

gwoody good morning

Ken-ST Moderator: thanks for bringing up ahk

IG50 has entered DayTrading Chat

Ken-ST Moderator: [b]Good Morning[/b] [b]IG50[b]

IG50 GM ALL

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]COLM 40.99[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]COLM 40.99[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]COLM 40.99[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]DECK 16.99[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]DECK 16.99[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]DECK 16.99[/b]

Ken-ST Moderator: Holding off on any CSTR longs

ahk eck no borrow

ahk deck

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]IVGN 63.49[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]IVGN 63.49[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]IVGN 63.49[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]MXIM 34.29[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]MXIM 34.29[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]MXIM 34.29[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]WEBX 21.59[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]WEBX 21.59[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]WEBX 21.59[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]AVID 50.01[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]AVID 50.01[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]AVID 50.01[/b]

James-ST Moderator: MXIM CLOSE

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]MXIM 34.29[/b]

Ken-ST Moderator Short!

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]MXIM 34.29[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]MXIM 34.29[/b]

Chris has entered DayTrading Chat

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

Chris GM

kim has entered DayTrading Chat

Ken-ST Moderator Update!

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

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

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

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

jjwolfe has logged out

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]OSTK 31.49[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]OSTK 31.49[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]OSTK 31.49[/b]

ahk ostk no borrow

James-ST Moderator: IVGN RELATIVELY CLOSE

jjwolfe has entered DayTrading Chat

Ken-ST Moderator: wb

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator Short!

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]IVGN 63.49[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]IVGN 63.49[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]IVGN 63.49[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]IVGN 63.49[/b]

James-ST Moderator: OSTK RELATIVELY CLOSE

tj has entered DayTrading Chat

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

tj gm

tms has entered DayTrading Chat

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

Ken-ST Moderator: OSTK relatively close

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]IVGN 63.76[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]IVGN 63.76[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]IVGN 63.76[/b]

stan48; good morning guys has entered DayTrading Chat

James-ST Moderator: lol

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

James-ST Moderator: hey stan

jy has entered DayTrading Chat

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

johnboy boy, that 2528 order at 34 for MXIM must be legit...

jy ivgn

James-ST Moderator: [b]STOPPED Consider exit in[/b] [b]MXIM BREAKEVEN [/b]

James-ST Moderator: [b]STOPPED Consider exit in[/b] [b]MXIM BREAKEVEN [/b]

James-ST Moderator: [b]STOPPED Consider exit in[/b] [b]MXIM BREAKEVEN [/b]

jy gm

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]COLM 41.96[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]COLM 41.96[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]COLM 41.96[/b]

alex stop on IVGN?

Ken-ST Moderator: 63.76

James-ST Moderator: 63.76

alex ty

Ken-ST Moderator: COLM is close

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]COLM 41.96[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]COLM 41.96[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]COLM 41.96[/b]

johnboy ouch, no fill, nice job to anyone who is in

cleon wow

ahk got filled and out in 2 seconds

cleon 41.957 was fill

ahk hit profit target like lightening

Ken-ST Moderator: nice gang

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]COLM  [/b]

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

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

ahk excellent K

Ken-ST Moderator: lets bring IVGN home

Ken-ST Moderator: It will make another nice short signal at a new lod

James-ST Moderator: OSTK CLOSE

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]AVID 48.09[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]AVID 48.09[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]AVID 48.09[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]OSTK 31.49[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]OSTK 31.49[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]OSTK 31.49[/b]

cleon not available for short - just me?

Hunter : nope

kim same here

cleon k

Ken-ST Moderator: It may be on the SHO list

cleon np

ayala has logged out

cleon cstr?

Ken-ST Moderator Profit!

Ken-ST Moderator Profit!

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

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

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

James-ST Moderator: Large volume, large cap stock....someone has it short.....the CEO was just on and they noted OSTK is suing a hedge fund for a massive short position

cleon LOL

ahk ceo=moron

Ken-ST Moderator: CSTR at a resistance area, we stayed away from any long

johnboy isn't shorting unamerican?

alaska does that news keep it headed down or the opposite?

cleon ahh...ok on cstr

Hunter : only in america johnboy ! lol

James-ST Moderator: lmao jb

James-ST Moderator: Only if you are CEO and people are shorting your company

Ken-ST Moderator: dont try to analyze the news

jy ostk profit ?

James-ST Moderator: sent

jy great

Ken-ST Moderator: AVID close

James-ST Moderator: jy, you part of that hedge fund shorting OSTK?

James-ST Moderator: lol

alaska stop to entry on ostk?

Ken-ST Moderator: Yes, it has made a nice move, I would move stop to entry

James-ST Moderator: yes, definitely

Ken-ST Moderator: on any remaining position

Ken-ST Moderator: risk nothing

Ken-ST Moderator: IVGN nice

Ken-ST Moderator: It is making another nice short setup

Ken-ST Moderator: at a new lod

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

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

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

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

Ken-ST Moderator: Bouya ski daddies

Ken-ST Moderator: Market under the 5 ema,

Ken-ST Moderator: stoch turning down

Ken-ST Moderator: Those in ALTR short, consider moving stop to 16.51

Ken-ST Moderator: Swing Trade

Ken-ST Moderator: lol, saw a little bit of Mad Money last night

Ken-ST Moderator: entertaining.....anyone who listen to his advice deserves what they get

Ken-ST Moderator: He pumped some small stock like ATYT or something

Ken-ST Moderator: stock closed at 13.59, and as soon as he mentioned it a buy , idiots were buying it allthe way up to 14.20

Ken-ST Moderator: or 14.50

johnboy ken, what time is he on CNBC live?

cleon yep - the charts hilarious - take the opposite side and you'd be set

Ken-ST Moderator: Im not real sure JB, I think maybe 6:00

trdr45 6:00 eastern but Ive been tol a half hr lag from actual show time

johnboy hmm, ok, I think we may have a type D: Cramer Contrarian Plays

trdr45 told

johnboy thanks trdr45

Ken-ST Moderator: lmao

trdr45 yup

Ken-ST Moderator: I mean what the heck are people thinking...

trdr45 they dont care Ken they just want to have a "good time "

johnboy ATYT LOD, good short at the open

Ken-ST Moderator: stock shoots up 6 - 7% and people are still buying thinking " hehe, I am going to make a ton of money, thanks Cramer"

Ken-ST Moderator: they buy in and it immediately goes against them 4%

trdr45 if only temporarily

Ken-ST Moderator: lol, you are right trdr

Ken-ST Moderator: entertainment

James-ST Moderator: XMSR.......i saw Cramer apoligizing for it yesterday.....he is probably the biggest bull around on that

Ken-ST Moderator: ENER at a trend low area

James-ST Moderator: apologizing

jy has logged out

Ken-ST Moderator: Ok it just violated the low

Ken-ST Moderator: will watch for a rally if any

bulldogchip dang, esrx from yesterday just keeps going

trdr45 still strong unreal

trdr45 comin in now

trdr45 INFY strong ...zip volume

bulldogchip i still think Bear will make a killing on those puts he bought yesterday

James-ST Moderator: Gang, if you have any questions ot comments or stocks of note feel free to  bring them up.

gwoody has logged out

James-ST Moderator: You may also open private chat if you wish to discuss things in private... do this by clicking on a person's  name and hitting the icon button with the two people sharing a chat bubble.

ahk has logged out

James-ST Moderator: Anyone eslse with stocks of note?

Vanja has left the room

gp QCOM huge volume today

James-ST Moderator: bdc, knowing the way bear trades, he will probably keep adding.......

James-ST Moderator: nice gp......may look for a trigger after lunch.......

bulldogchip James, if he bought 100 puts at 70, that gives himthe right to sell 10,000 shares at 70, anytime between now and the 3rd Friday of November, right?

James-ST Moderator: yes

Ken-ST Moderator: bull, most dont think about selling the shares though

Ken-ST Moderator: most just sell the option back

James-ST Moderator: 99% of the time i dont think the options are actually exercised.......usually the option is just sold

gp Nice move down in pre-market trading - made $0.88 .... sadly on demo account only!

john3:16 has left the room

bulldogchip yeah, when the drop starts you know those puts are gonna be valuable....i think he paid 1.45?

James-ST Moderator: nice, yeah QCOM nice bounce there.....make sure to bring those up early gp

gp Will do

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

James-ST Moderator: Market new LOD

ahk has entered DayTrading Chat

Ken-ST Moderator: wb

cleon Would IVGN at 62.6 be worth a short?

alaska good question

alaska I've been in an out of it twice now.

Ken-ST Moderator: risky

cleon k, thx

Ken-ST Moderator: there were already two possible entries

Ken-ST Moderator: you are risking a third with the IVGN stoch in oversold right now

Ken-ST Moderator: market is in your favor however, it is very risky

cleon volume on buys is much lower than volume on lows...

alaska when you initially pick an entry point for a type B short, do you consider the stochs then?

cleon but i hear ya!

Ken-ST Moderator: No alaska

James-ST Moderator: hey ahk what are you going out as on halloween?

Ken-ST Moderator: Early morning, stocks run mostly on emotions

Ken-ST Moderator: and that is what we are capitalizing on

ahk a daddy

alaska the 5 min descent in leveling off, I'm not jumping in.

Ken-ST Moderator: as the day goes on, it becomes less emotion and more market or stock momentum

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

alaska ok, so volatility quiets down along with the chances of success on momentum like plays?

Ken-ST Moderator: Market momentum becomes a larger factor especially in the third period

trdr45 AVID holding up

Chris Back to Cramer for a minute.  I just checked ATYT.  It opened at 14.05 and hit a LOD of 13.78 at 1 hr in.  I think there is something to the "Short Cramer" Strategy

cleon most of cramer's recs gap up then lose all overnight gains

James-ST Moderator: yep, 46% success rate or something noted yesterday by someone.....

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johnboy that's about the same as betting on red at roulette.......

James-ST Moderator: Check XMSR.....how do you think his viewers feel yesterday when the stocks dropped 4 points?

James-ST Moderator: felt

cleon ken -what does third period refer to in your comment?

James-ST Moderator: MXIM

James-ST Moderator: [img id=em-9]

bulldogchip whoever suggested yesterday that Cramer bite the bullet, pay his $199 and join this room had it about right

Ken-ST Moderator: 1:00 to 3:30 cleon

James-ST Moderator: Great news gang.......MXIM hit profit[img id=em-11]

cleon wow - crusing

James-ST Moderator: Market new LOD

trdr45 ESRX holding up big time

James-ST Moderator: yep

James-ST Moderator: insteresting......but i asked my wife what the heck do they do?  as a pharmacist....she just said, "without Express Scripts we wouldnt be around"   i guess the stock shows that

Ken-ST Moderator: arghhh

Ken-ST Moderator: gang, sorry, I had my eye on ENER earlier

Ken-ST Moderator: Just to note for learning

steveg they manage Rx drug benefit plans

johnboy do they make the little platforms so that pharmacists seem really tall?

Ken-ST Moderator: ENER had a nice rally to its 5 ema on 5 min at 30.21

Ken-ST Moderator: at that point, a nice entry to the short would be at a new lod

James-ST Moderator: yeah......drugs big business.......

Ken-ST Moderator: which was 30.11

James-ST Moderator: lmao jb......

James-ST Moderator: that would be big money too

Sooner has logged out

trdr45 ESRX wants 75

Ken-ST Moderator: market momentum nicely on the side of that trade as well

Ken-ST Moderator: the entry was at 30.11 and the stop would have been at 30.22

alaska why 30.22?

alex has logged out

Ken-ST Moderator: sorry 30.31

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cleon mods - when you are looking for support/resistance, how far back do you go? or intraday only?

Ken-ST Moderator: we scan the stocks daily chart

Ken-ST Moderator: 6 months, year.

cleon k

alex has entered DayTrading Chat

Ken-ST Moderator: wb

alex ty

Ken-ST Moderator: market testing the 20 ema

James-ST Moderator: [b]CANCEL FURTHER TYPE B'S, TURN / LUNCH PERIOD[/b]

johnboy I couldn't short OSTK, but what a great setup, and beautiful reversal.......textbook

James-ST Moderator: Quesitons or comments?

James-ST Moderator: Any great plans for the weekend?

IG50 has logged out

steveg Hey can you explain why you use a stop instead of a limit order?

Ken-ST Moderator: In what situation?

steveg in both entering and exiting a position

steveg b/c if we enter a limit sometimes it doesn't fill...

Ken-ST Moderator: On entries, I am comfortable with market orders

pvg6099 has logged out

Ken-ST Moderator: but some may not

Vanja is there a way that you could use a stop and limit at the same time? for example if you enter at 22.00 and you want to take profit at 23.00, but you want to set a stop for 21.50, is it possible to set it up to execute which ever comes first? i'm pretty sure this is not possible but just thought i'd ask anyway since i thought that would be neat

Ken-ST Moderator: If I pay up a little, I'll just make it up on the eixt

Ken-ST Moderator: Vanja the DAS trader has that capability

Ken-ST Moderator: IQ supposed to have that shortly

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Ken-ST Moderator: wb pvg

Vanja ok thanx

alaska can it do a conditional order like that with prices triggers both trade price AND bid or ask price?

steveg will a limit order fill better on less shares?

Ken-ST Moderator: on exits steveg, I like selling out on the offer when the stock is moving nicely in my favor

Ken-ST Moderator: yeah alaska, they are both set for both conditions in order to be triggered

alaska wish I had that for a straddle close order

Ken-ST Moderator: steveg:  less shares are inherently easier to get a fill, however keep in mind that anytime you send a limit order you are only guaranteed price but not execution

johnboy Vanja, one point of caution, I had an OCO order, and when I put the order in, everything was okay, left, the price hit my target, and the order was executed, but the route was down, and my position was left exposed, ended up exiting breakeven, but it could have been bad......flukey situation, but it happens.....

Vanja thanks johnboy i'll keep that in mind

cleon hey ken/james - how do you actually scan for stocks? i.e., get the initial shortlist for type a vs. type b, etc.?

johnboy 99% of the time it works fine, but don't bet your portfolio on it

Ken-ST Moderator: Type A setups are scanned the night before.  We manually scan through hundreds of stocks looking for the right setup

Ken-ST Moderator: Type B are identified by the Tops list losers/gainers

chuck this morning i got  a horrible fill on colm at 42.78 on a market order vis41.96 rec and im still flapping in the wind with it.

Ken-ST Moderator: However the size ofthe gap is not the sole factor

Ken-ST Moderator: Chuck doesn't sound like you are on Direct Access

cleon do you do anything to limit the number you look at for type a? even that initial list of hundres would be a subset of teh market

cleon sry for types LOL

cleon typpos

cleon geez..forget it

Ken-ST Moderator: lol

Ken-ST Moderator: np

chuck im using Fidelity--is that a mistake?

cleon too little coffee - chuck, i gave up on fidelity, not made for this type of trading

Ken-ST Moderator: chuck that is not ideal

Ken-ST Moderator: You may have order routing but you need a quick and integrated direct access platform

cleon i kept fidelity for swing trades and larger retirement accounts but switched to faster broker for this

Ken-ST Moderator: Talk to Todd chuck

Ken-ST Moderator: he will enlighten you

Ken-ST Moderator: you are at a severe disadvantage without a good platform

Vanja chuck I am using scottrade and the same is happening to me, but i'm getting DAS next week - currently using the practice account and it's way faster

Ken-ST Moderator: He said he'll setup people in this room with good rates

Todd-SOF Direct Not sure if I have ever enlightened anyone, but yes feel free to engage me in conversation if you wish.

Ken-ST Moderator: Good Vanja

Todd-SOF Direct You can private chat, or send an email to info@sofdirect.com if you wish

Ken-ST Moderator: market attempting a new hod as we near the lunch period

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chuck i appreciate the feedback. I obviously need a better trading platform

Ken-ST Moderator: Todd has a real time simulator.  its great for paper trading our alerts in real time

johnboy and it's good for lunch time trading, the cheapest way to quit my expensive lunch time trading habit....lol

Ken-ST Moderator: also gang, we have DAS and IQ screen layouts available, with our setups

cleon ken, do you look at level IIs much?

Ken-ST Moderator: lol jb

cleon what's the diff between DAS and IQ?

Ken-ST Moderator: cleon: the only time I look at the Level II is to see where the shares are to fill my order

cleon to determine routing?

Ken-ST Moderator: both are good, IQ has better alerts, but they are working on DAS to make it like IQs

Ken-ST Moderator: DAS has the OCO feature that is good

Ken-ST Moderator: cleon:  ARCA is really effiecient now, you can just route to them

Ken-ST Moderator: I think a big mistake is to use Level II to determine where a stock is going

Ken-ST Moderator: the Level II is the only tool the Market Makers have to sucker you into trades

Ken-ST Moderator: being that they are not able to side right on the side of you and talk you into making dumb moves

Ken-ST Moderator: The level II is the only other way

Ken-ST Moderator: so I just use it to identify where the shares are to fill my order

Ken-ST Moderator: I dont blindly use market orders

Ken-ST Moderator: i use them most of the time

Ken-ST Moderator: times on entry

Ken-ST Moderator: but if the stock is thin, or the spread is large

Ken-ST Moderator: I may send a limit order at a price where there is ample shares to fill my order

Ken-ST Moderator: How to send/execute orders comes better with time

cleon good info orders - thx.  one more on platform, are das and iq developed for two different trading styles?  i..e, why are there two different platforms.  i can ask todd instead if more appropriate

Todd-SOF Direct Different vendors

cleon ohhh... ok

Todd-SOF Direct functionally they are similar

Todd-SOF Direct But some of the bells and whistles differ

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cleon do you have demos for both?

Todd-SOF Direct The best way to see is to try the simulator to see if it suits your needs and style.

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Ken-ST Moderator: wb sooner

Todd-SOF Direct Yes, but the IQ needs to be scheduled and available for a shorter period as we have less available.

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cleon ok - will catch you offline - thx

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Todd-SOF Direct But sure, if you would like to try one or the other you can email info@sofdirect and let us know which one you would like to try.

Todd-SOF Direct Great.

Todd-SOF Direct yw

Ken-ST Moderator: We have a breakout to new highs during lunch

bulldogchip OSTK

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Ken-ST Moderator: We are always skeptical of breakouts to a new hod or lod during lunch

Ken-ST Moderator: as a trader you should always remain cautious

cleon 2+ pts ! :)

bulldogchip wow, AVID gave it up too

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

Ken-ST Moderator: yeah, new lod for that dog

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Ken-ST Moderator: hi Joec

joecgoodman I'm sitting in a TradeStation class.....just logged in to see how much it's costing me today.  You guys are rockin' as usual.

James-ST Moderator: hey joec

James-ST Moderator: nothing special.......watching market rocket right now to new highs

James-ST Moderator: Did anyone find it offensive when the football coach (Air Force) said minorities (blacks) are faster than whites?

James-ST Moderator: People are too sensitive....political correctness going overboard.......

Ken-ST Moderator: agreed

cleon would you consider ivgn a potential setup now that stochastics are mid-range and building a bit of a base??

Ken-ST Moderator: Yes, however the time of day does not agree

Ken-ST Moderator: breakouts/downs during the lunch hour are risky

cleon understood - just curious - thx

Ken-ST Moderator: perhaps closer to 1:00

Ken-ST Moderator: Market new highs during lunch

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joecgoodman James, I'm always amused when people find a complement offensive just because it generalizes based on race.  I think we all know that all generalizations have exceptions.  But hey, let's face the facts.  I can't jump.  And I know exactly why.

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Ken-ST Moderator: lol

James-ST Moderator: ahhahahha

James-ST Moderator: IVGN new LOD

James-ST Moderator: Nice runner

James-ST Moderator: MXIM actually did well......

James-ST Moderator: COLM....nothing special

James-ST Moderator: OSTK huge reversal which cleon obsviously took advantage of......[img id=em-3]

Ken-ST Moderator: hey tj, you indictments story is about to come out

Ken-ST Moderator: you were very early with that info

Ken-ST Moderator: Stochatics are overbought

Ken-ST Moderator: Market slight dip under the 5 ema

Ken-ST Moderator: stoch still in uptrend however

cleon well, got my 10 cents of IVGN out of my system LOL

Ken-ST Moderator: IVGN new lod

Ken-ST Moderator: nice cleon

Ken-ST Moderator: wtg

cleon lunch money

Ken-ST Moderator: nice going

cleon weird lunch - all my charts showing red

cleon avis approaching lod

cleon avid

cleon nosedive

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Ken-ST Moderator: wb gp

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type A Short on[/b] [b]ENER 29.80[/b]

Ken-ST Moderator: [b]Watching for Type A Short on[/b] [b]ENER 29.80[/b]

Ken-ST Moderator: [b]Watching for Type A Short on[/b] [b]ENER 29.80[/b]

gp1 Thx. My ISP is still disconnecting me on a daily basis in the evening. Engineering visiting on Monday....

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Ken-ST Moderator: wb

Ken-ST Moderator: Stochastics on verge of crossing down

Ken-ST Moderator: Uptrend has not yet been violated

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cleon IVGN setting up for another plunge??

Ken-ST Moderator: Hopefully

cleon nice little bear flag ;)

Ken-ST Moderator: [b]5 Minute EMA Trend[/b] [b]down[/b] [b]Stochastics Trend[/b] [b]down[/b]

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

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Ken-ST Moderator: market testing the 20 ema from the top

cleon looks like it's going under

cleon ken, do you set your entries a penny under the low (short) or right on, or further?

Ken-ST Moderator: The entries are a penny below the lod

cleon k, thx

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Ken-ST Moderator: no early alerts today gang, we will wait until 1:30

cleon u guys using candles or bars?

Ken-ST Moderator: Candles

Ken-ST Moderator: MOGN nice little short covering action going on there

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Ken-ST Moderator: wb

cleon would u consider entering ENER outside of it's current tight range, or only at LOD?

cleon in principle

Ken-ST Moderator: onlly at lod

Ken-ST Moderator: it is not clear if it will break down

cleon gotcha - spy looks like making another test

cleon also IVGN getting close again - still risky?

Ken-ST Moderator: We can issue

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]IVGN 62.07[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]IVGN 62.07[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]IVGN 62.07[/b]

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]IVGN 62.07[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]IVGN 62.07[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]IVGN 62.07[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]IVGN 62.62[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]IVGN 62.62[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]IVGN 62.62[/b]

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Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]CSTR 24.11[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]CSTR 24.11[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]CSTR 24.11[/b]

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stan48; good morning guys has logged out

Ken-ST Moderator: Gang I will brb

Ken-ST Moderator: Keep same stop

Ken-ST Moderator: ENER if triggered has an initial stop of 30.41

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Ken-ST Moderator: CSTR if triggered set a stop of 23.59

Ken-ST Moderator: Ill be right back

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Ken-ST Moderator: back

johnboy just got back from doughnut shop, missed CSTR, nice play boys and girls

Ken-ST Moderator Update!

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

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

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

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

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

Ken-ST Moderator Update!

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

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

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

Ken-ST Moderator: Market new hod

ahk ENER=SHO

Ken-ST Moderator: no

ahk yes

Ken-ST Moderator: Its available

ahk gimme sum

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]DECK 18.61[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]DECK 18.61[/b]

Ken-ST Moderator: Probably will not need it

Ken-ST Moderator: DECK is close

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]DECK 18.61[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]DECK 18.61[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]DECK 18.61[/b]

johnboy thanks ken, out at .75, now it can go to 19.......lol

Ken-ST Moderator: lol

Ken-ST Moderator: gj

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]DECK 18.49[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]DECK 18.49[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]DECK 18.49[/b]

Ken-ST Moderator Update!

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

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

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

Ken-ST Moderator: 18.39

Ken-ST Moderator: CSTR just off new hod

cleon IVGN just took out it's LOD :(

Ken-ST Moderator: bastard

cleon man, it's gone

cleon biggest move of day

Ken-ST Moderator: CSTR new hod

cleon sweet move on cstr

Ken-ST Moderator Update!

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

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

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

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Ken-ST Moderator: market new hod

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Ken-ST Moderator: wb

bulldogchip DECK pos

Ken-ST Moderator: bastard

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ahk Violet doesn't like the tone here and language

cleon what an ugly chart (DECK)

Ken-ST Moderator: Or stayed in DECK and is now on her way to the mall

cleon LOL

cleon or stayed short IVGN :)

Ken-ST Moderator: and on her way to the spa

bulldogchip have a good weekend everyone

Ken-ST Moderator: ok bulldog

Ken-ST Moderator: take it easy

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cleon unbelievable - IVGN just went lOD again

ahk I love IVGN

cleon crazy @#$ stock - hypothetically speaking, where would you set a short stop? 61.66?

ahk scalped another1 %

Ken-ST Moderator: y

Ken-ST Moderator: gj ahk

cleon agree -working it 3rd time today

cleon boom - there she goes again

ahk IVGN toilet time

cleon quick 60 c

ahk nj cleon

cleon beginners luck

cleon do u base profit target on fixed % or chart action?

Ken-ST Moderator: We post a 1% target

Ken-ST Moderator: although the stock may show more profit potential we do it to show that taking profits at 1% will have a big impact on your daytrading results

Ken-ST Moderator: and it is relatively easy to achieve with our strategy

cleon in practice, would you recommend the old take 1/2 profits and move stop to entry,or similar, etc.?

Ken-ST Moderator: exactly

cleon k, thx

cleon deck crapped out again

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cleon ener dumped quite a bit just now

cleon still a play?

Ken-ST Moderator: Yes

cleon k

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type A Short on[/b] [b]ENER 29.80[/b]

Ken-ST Moderator: [b]Watching for Type A Short on[/b] [b]ENER 29.80[/b]

Ken-ST Moderator: [b]Watching for Type A Short on[/b] [b]ENER 29.80[/b]

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cleon ahk, you seeing what's happening at IVGN :)

ahk no

ahk I moved on

cleon ok, went the wrong way now anyway

cleon just more basing

alaska ORCT about to set new HOD

James-ST Moderator: back gang.......questions or comments?

James-ST Moderator: wow, what a market rally

James-ST Moderator: +170 incredible

cleon volume?

James-ST Moderator: No too heavy it looks like

Ken-ST Moderator: Ok gang, I will be heading out here.

johnboy later ken

Ken-ST Moderator: Have a great weekend everyone

Ken-ST Moderator: take it easy

Ken-ST Moderator is no longer a moderator

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joecgoodman have a good weekend!

cleon later ken, thx

James-ST Moderator: joec are you done with seminar?

cleon james, mind if i ask more about scanning?  how do you sift through the thousands of stocks to get to a short list to visually inspect?

James-ST Moderator: ESRX yesterday....reason why we don't short stocks making all time highs.......impossible to call a top

James-ST Moderator: IVGN today.....why it is difficult to call a bottom after a break down like that

James-ST Moderator: What do you mean cleon?

James-ST Moderator: Type A shorts?

cleon yes

James-ST Moderator: how do we get Type A shorts, or all shorts in general?

cleon type A

cleon or is it in the video?  (on it's way)

James-ST Moderator: How many monitors do you have?

James-ST Moderator: No, its easy......

cleon 1 now, looking to get two more

James-ST Moderator: did you order the video?

cleon not really setup for this now - yes on the video

cleon i'm thinking three monitors - Orders, Charts, Chat

James-ST Moderator: make sure to wait outside by the mailbox everyday.....for the next 2-4 weeks......it could arrive anytime, and since it is priority insured, if you are not there they will return it to us.....

cleon k

johnboy ........and the courier will have milkshakes too

johnboy and beer

cleon LOL

James-ST Moderator: just kidding cleon......it is an online video, you can watch it instanteously.....

James-ST Moderator: ok back to scanning:

cleon didn't know that! LOL

James-ST Moderator: instantaneiously

James-ST Moderator: instantaneously

James-ST Moderator: whatever

James-ST Moderator: ok:

cleon will watch it over the weekend - anyway back to scanning

cleon ENER is getting close btw

James-ST Moderator: 2 monitors for daytrading MINIMUM

James-ST Moderator: 3-4 recomended, monitors are getting so cheap at your neighborhood Costco or Dell this should not be a problem

cleon agreed

James-ST Moderator: each standard sized monitos you can put on 9 5 minute charts

James-ST Moderator: 9-5 minute charts......

James-ST Moderator: so for 4 monitors like me, i will 36 charts up at night

James-ST Moderator: have

James-ST Moderator: each little chart, one stock from a list we accumulated over time, and we constantly add or delete stocks ......

James-ST Moderator: save the 9 charts say some stocks starting with the letter A......

James-ST Moderator: make a second set......

James-ST Moderator: etc.....

James-ST Moderator: so at night.....pop open file.....BAM, i can see 9 stocks real quick.....

James-ST Moderator: 36 stocks i mean

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James-ST Moderator: look for simple type A setup.....this will take 15 seconds......

James-ST Moderator: open next, next, next.......

James-ST Moderator: in a matter of minutes you have seen hundreds

James-ST Moderator: catch?

cleon do you screen to get the 36?

cleon or even the hundreds?

cleon i.e., volume or float, etc..??

James-ST Moderator: yes, saved layouts

James-ST Moderator: say we find a chart pattern that fits Type A, we check average volume, news, etc.......

cleon ahh..i see the layouts basically are set to screen

James-ST Moderator: yep

cleon spy seems to have broken uptrend

James-ST Moderator: once it is setup, and you save like 50 layouts, all you are really doing is opening them up

James-ST Moderator: it seems like a lot, but after awhile you know which stocks have no chance, are good candidates, etc.......

cleon got it - one video card can control all monitors right?

James-ST Moderator: first off though, get yourself 2 17 inch flat screens.......save your eyes, and give your computer workspace some room

James-ST Moderator: one video card can handle 2

James-ST Moderator: well, make sure it has dual capacity

cleon yeah, probably 19 now ...was looking last night - can't believe how cheap they've become (pcs)

James-ST Moderator: video cards are different story, they can get pricey.......but most computers you can pop in 2 video cards with dual monitor capability......4 monitors should not be a problem with any comp........

alaska ivgn near lod

cleon yeah, i'm in again already

cleon seems to be holding though

James-ST Moderator: trust me though......once you have two monitors.......you will never be able to function again with one monitor

cleon LOL - agree - flipping back and forth sucks

James-ST Moderator: you will have at least 2 with charts, 1 with chat, 4th for email, internet browser, etc......fantastic......

cleon can u actually see the candles on a scrunched 5-min?!

James-ST Moderator: yes, you can always do "shorter" or londer period

James-ST Moderator: longer

James-ST Moderator: and, you can maximize real quick, and minimize quick

James-ST Moderator: MSTR new LOD

cleon do u actually use candles to intrepret action? or just prefer visual

James-ST Moderator: candles are good to see reversals

cleon wild looking chart (MSTR)

cleon IVGN doesn't want to break

James-ST Moderator: Everyone made money this week?

cleon y

James-ST Moderator: nice

cleon 1-2% a day beats my expectations

James-ST Moderator: Ideally, with strategies here, our preaching money management (helping you with stops on your trades), and sharing info on other stocks trades with eachother, will help everyone out.

James-ST Moderator: hey alaska, is there still a lot talk about that bridge up there?

alaska we ain't giving it up if that's what you mean!

James-ST Moderator: I saw a news special......how that senator up there is the head of the highways grants.......and they did a "tree" of whose backs he scratched, and the return back scratching from other senators so he could get his stupid bridge.........unreal stupidity.....

johnboy maybe a catapult and a trampoline net would be cheaper

James-ST Moderator: LMAO

johnboy or make the bridge only one way.........ha ha

James-ST Moderator: or give the 5,000 residents $500,000 each and tell them to find their own transportation.

James-ST Moderator: lol jb

johnboy the pork is good, the pork is good

alaska we got the pork masters representing us!

johnboy might as well take advantage before the middle east calls in your loan, I suppose.......

James-ST Moderator: yep

cleon well guys - i'm out for the weekend - hope everyone has a good one

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James-ST Moderator: ok cleon dont eat too much candy

James-ST Moderator: hey jy wb

cleon LOL - later

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James-ST Moderator: what are you up to

James-ST Moderator: ?

jy hey I have been having internet problem all day

jy ntct

James-ST Moderator: Netscout?

jy until 30 mins. ago.

jy it's the telephome company

James-ST Moderator: ah

jy nothing that's wrong

James-ST Moderator: You own it?

jy no.

jy sp I missed some action but ......

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jy market up big today.

James-ST Moderator: yep

jy what's the stop on ENER ?

James-ST Moderator: ah, we aren't in it......won't trigger anyway........

James-ST Moderator: [b]CANCEL ALL TRIGGERS[/b]

James-ST Moderator: Final questions or comments?

jy good. good job today.

James-ST Moderator: ty, not a bad week......tons of runners every day.......

jy gn james and all. cu monday.

James-ST Moderator: ok jy take care bud

jy yes.

jy hope the same for next week.

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alaska bye all

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johnboy have a good weekend all

James-ST Moderator: take care jb

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Vanja by all

James-ST Moderator: see you vanja