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

mark2 gm Ken

James-ST Moderator: gm all

mark2 gm James

amlo has entered DayTrading Chat

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

BRUNO3 has entered DayTrading Chat

BRUNO3 GM

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

amlo gm everyone

James-ST Moderator: hey bruno, amlo

reserve has entered DayTrading Chat

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

jr has entered DayTrading Chat

reserve gm all

Dusty gm all

pitboss has entered DayTrading Chat

pitboss EPIC

pitboss UARM

pitboss ORCT

Ken-ST Moderator: [b]Good Morning[/b] [b]jr, pitboss[/b]

pitboss GOOG in range

jr morning

izzy2.0 has entered DayTrading Chat

izzy3.0 has entered DayTrading Chat

izzy3.0 anyone else having trouble with the chat room?!?

izzy has logged out

Dusty K/J is the only posted stock on the left VPHM?

Todd-SOF Direct has entered DayTrading Chat

izzy2.0 has logged out

Todd-SOF Direct gm everyone

amlo gm todd

Dusty has logged out

izzy3.0 has left the room

izzy has entered DayTrading Chat

Dusty has entered DayTrading Chat

tms has entered DayTrading Chat

alaska has entered DayTrading Chat

bengal has entered DayTrading Chat

James-ST Moderator: dusty, you got it?  not much out there

James-ST Moderator: gm bengal, alaska, tms, izzy,

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

izzy gm james

MarkB has entered DayTrading Chat

Dusty Ken/James PD?

pitboss SRLS

Ken-ST Moderator: hi Dusty

Dusty Hi Ken!

pitboss cnct

pitboss ANGO

reserve PLAY sh<15.24?

pitboss NLY

ak has entered DayTrading Chat

reserve PLAB sorry

pitboss HAIN just priced a secondary offering, be aware

ak gm all

Ken-ST Moderator: ty pitboss

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

James-ST Moderator: hey pit, where ya been?

jovid has entered DayTrading Chat

Ken-ST Moderator: [b]Good Morning[/b] [b]MarkB, Jovid[/b]

jovid gm

JP has entered DayTrading Chat

jy has entered DayTrading Chat

jy gm

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

JP Hello

safran has entered DayTrading Chat

kimmron has entered DayTrading Chat

pitboss MANT

david has entered DayTrading Chat

david Morning

kimmron gm all

jr MANT is a Cramer pick from last night FYI

James-ST Moderator: ah ty jr

James-ST Moderator: hey david, kimmron, saf, jp, jy, anyone i missed

Hunter has entered DayTrading Chat

Hunter : gm guys

Jose has entered DayTrading Chat

Jose gm

Ken-ST Moderator: Be conservative gnag

Ken-ST Moderator: gang today

Ken-ST Moderator: gm hunter, jose

pitboss SRTLS volatile!!!!!

Nelson has entered DayTrading Chat

Ken-ST Moderator Update!

pitboss SRLS

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]RHAT 26.37[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]RHAT 26.37[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]RHAT 26.37[/b]

irachmiel has entered DayTrading Chat

irachmiel gm

Ken-ST Moderator: TRADING THIS WEEK WILL BE SLOW

Ken-ST Moderator: DO NOT FORCE TRADES

Ken-ST Moderator Update!

Ken-ST Moderator: CANCEL SRLS

amlo rhat is long?

Bob has entered DayTrading Chat

MarkB Is RHAT supposed to be listed to the left?

Ken-ST Moderator: at a new hod yes on RHAT

MarkB Right but should I see it on the list

MarkB If so I do not

Ken-ST Moderator: ok it should be

Ken-ST Moderator: its coming up

MarkB has logged out

kimmron Ken, any opinion on SNDA.Iam stuck with it short

MarkB has entered DayTrading Chat

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]RHAT 26.37[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]RHAT 26.37[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]RHAT 26.37[/b]

michael has logged out

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]ORCT 25.77[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]ORCT 25.77[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]ORCT 25.77[/b]

pitboss ORCT massive spread

Ken-ST Moderator: trade it cautiously

pitboss RHAT stop?

alaska GGR may be a play at new HOD

Ken-ST Moderator: lod on RHAT

izzy :-/

Ken-ST Moderator: nice alaaska

Ken-ST Moderator: lets add

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]GGR 12.51[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]GGR 12.51[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]GGR 12.51[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]HAIN 19.99[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]HAIN 19.99[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]HAIN 19.99[/b]

Ken-ST Moderator Update!

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

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

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

izzy STOP on RHAT???

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

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

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

Ken-ST Moderator: HAIN is close

pitboss1 has entered DayTrading Chat

pitboss has logged out

Ken-ST Moderator: HAIN is close

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]HAIN 19.99[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]HAIN 19.99[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]HAIN 19.99[/b]

Dusty what is the stop on ggr?

Ken-ST Moderator: 12.05

Ken-ST Moderator: currently

Ken-ST Moderator: If you missed HAIN the first time around, the LOD creates another short setup

kimmron GGR stop?

Ken-ST Moderator Update!

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

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

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

Ken-ST Moderator: Sorry gang, that spread is huge

cat has entered DayTrading Chat

Ken-ST Moderator: Couldnt really tell at that time

Ken-ST Moderator: gm cat

BRUNO3 AVOID ASE STOCKS !!!

cat hi

Ken-ST Moderator: yes, listed stocks are dangerous to begin with

cat meow

pitboss1 has logged out

reserve has logged out

alaska I used 11.47 as my stop on ggr, from yesterdays support

Ken-ST Moderator: cool

izzy wow, i'm majorly broke, i might have to stop day trading today...

Ken-ST Moderator: the stock is still in trend

Ken-ST Moderator: above its 20 EMA

mjmtrader has entered DayTrading Chat

izzy HAIN stop?

Ken-ST Moderator: gm mjmtrader

Ken-ST Moderator: currently HOD

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ORCT 24.61[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ORCT 24.61[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ORCT 24.61[/b]

mjmtrader Good morning, Ken. First time in.

Ken-ST Moderator: hey, good to have you

Ken-ST Moderator: Take things slow

Ken-ST Moderator: as mentioned before gang, take it very easy until the end of the year

Ken-ST Moderator: we are in total holiday trading

Ken-ST Moderator: Those in OSTK short

Ken-ST Moderator: on secondary exits, consider taking some profits on that dip

Ken-ST Moderator: never hurts to take some profits on moves like that

Ken-ST Moderator: Never hurts to take profits period.

cat especially at the dice table

izzy feels like the dice table this week...

cat its always a dice table

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ORCT 24.61[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ORCT 24.61[/b]

cat beware of large spread traders

alaska pfe seems to be trying to fill in the gap downwards

alaska sorry bear

Ken-ST Moderator Update!

Ken-ST Moderator: Cancel watch on MCHP

Ken-ST Moderator: Market in area of its 20 day EMA

Ken-ST Moderator: mgm, feel free to observe and ask questions as they come.  We will get to them when things slow

mjmtrader Will do. Good morning to the group.

BRUNO3 STOP ON HAIN ?

Ken-ST Moderator: Still the hod

BRUNO3 TY

Ken-ST Moderator: choppy trading, stops are loose

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]ORCT 24.77[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]ORCT 24.77[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]ORCT 24.77[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]ORCT 25.77[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]ORCT 25.77[/b]

Ken-ST Moderator: first post typo

Hunter : I'm startin to think the grinch have stolen the xmas rally !

Ken-ST Moderator: who wants to buy stock this week

Ken-ST Moderator: they are all buying presents

izzy i've hit my loss target, unless HAIN tanks to 18, i'm pretty much done with day trading... any advice?

Dusty with big bonus

Ken-ST Moderator: You are the best person to know izzy.  Everyone is different

Ken-ST Moderator: If you are lacking confidence, revert back to paper trading

Ken-ST Moderator: we are in holiday trading mode,

Ken-ST Moderator: be conservative

Ken-ST Moderator: lighter capital

Jose Strategy is King, izzy

Jose Allocation is Queen.

cat and money is Jack

Hunter : and fear is a bitch !

Jose Solid trading strategy alone just won't cut it. You also have to understand the risk associated with each trade and

mjmtrader Did you start the day with the stocks listed? Do you add to it throughout the day?

IV50 has entered DayTrading Chat

Jose allocate your funds

Ken-ST Moderator: We add throughout the day

david has logged out

Ken-ST Moderator: market near the p/d lows

Ken-ST Moderator: that is sound advice jose

Hunter : however, those without fear die quick !

cat RHAT LOD play?

Ken-ST Moderator: it is now back in the p/d range

Ken-ST Moderator: we will refrain

cat pos

kimmroni has entered DayTrading Chat

Ken-ST Moderator: gm IV50

david has entered DayTrading Chat

Ken-ST Moderator: hi david

Ken-ST Moderator: ORCT still close

david hey ken

James-ST Moderator: hey david, kimmroni

Dusty no orct on Etrade.

david hi James

kimmron has logged out

cat I'm getting a weird feeling about ORCT

rerserve has entered DayTrading Chat

kimmroni James, my chat window froze and couldn't enter with my previous name kimmron (it says it is in use) so I used kimmroni instead

James-ST Moderator: if you freeze or lose connection, your ghost name will be stuck in the room for a few minutes

izzy spooky

kimmroni Ok, understood. I think now it's free.Tx.

cat1 has entered DayTrading Chat

Ken-ST Moderator: I think ORCT looks quite handsome

Ken-ST Moderator: if it takes out the LOD

cat 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]ORCT 24.61[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ORCT 24.61[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ORCT 24.61[/b]

cat2 has entered DayTrading Chat

cat2 has logged out

cat1 has logged out

cat2 has entered DayTrading Chat

James-ST Moderator: Market stochastics are up, currently testing the 50 ema on the 5 minute chart...

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

izzy well, i'm done for the day, losses ovre 3K, i can't bare it... i might be back next year... cya all

kimmroni Ken,Is  HAIN stop 20.39?

Dusty Good luck Izzy!

izzy Mark: i hope it goes well for u buddy

izzy thanks dusty

david has logged out

MarkB THX Izzy u2

James-ST Moderator: ok izzy catch you later

Dusty James, CC finally broke thru 22.50!

izzy quick question james:  market conditions return to normal starting new year?

Hunter : izzy how long you been doin this ?

James-ST Moderator: ah there ya go dusty

James-ST Moderator: well if normal means volume picks up, then yes izzy

izzy hunter: I've day traded on and off, i have always net profit, but this time around was bad, with this strategy this will be the 3rd week, i feel like this strategy doesn't work well with these market conditions, i will pull back until market returns to something better

Ken-ST Moderator: izzy we have noted more conservative trading for the past couple weeks

Ken-ST Moderator: until the end of the year

kimmroni Ken, what is the stop on HAIN?

James-ST Moderator: 20.40

Hunter : yeah izzy thats what I've done, very little trading quick out if it turns & quick profit if it shows up I've found that helps me to stay in the game and keep my capitol while gaining the knowledge and experience to win consistently !

cat2 is hain a buy at 21.40?

cat2 20.40

James-ST Moderator: If you look at daily chart of the SPX we are right where we were on the start of 12/13.....Market is dead

Hunter : what mistakes does your trading log show your makin izzy ?

kimmroni CAT, 20.40 is the stop on HAIN

cat2 i know

cat2 but is it also a buy signal since iys a hod

Ken-ST Moderator: yes it would be

Ken-ST Moderator: it is  now testing its 20 ema

cat2 thought so

James-ST Moderator: clever cat

Ken-ST Moderator: good job

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ORCT 24.61[/b]

MarkB Are we looking at RHAT for a short?

alaska GGR moving up now

Ken-ST Moderator: No Mark, it is now back into the previous days range

James-ST Moderator: hey alaska, you held on to it?

MarkB OK THX

cat2 good day to kick the cat

IV50 has logged out

James-ST Moderator: Creepy twins on CNBC

alaska my stop was 11.47, now at 11.9, I used yesterdays resistance, I have been following the stock, bought it at 10 in my IRA

Ken-ST Moderator: lmao james

James-ST Moderator: hansome alaska

James-ST Moderator: handsome

jr they thoroughly annoy me

James-ST Moderator: lol

James-ST Moderator: There were interesting before.......the more i see them, the creepier they become

James-ST Moderator: This weather girl annoys me

jr its her voice

James-ST Moderator: that and her dress......she dresses like a teenager

Hunter : yeah James, what is she 12 yrs old !

James-ST Moderator: lol

Ken-ST Moderator: lmao

James-ST Moderator: I don't care about clothes much, but every time i see her I think man this girl has no fashion sense at all.....

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]HAIN 20.29[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]HAIN 20.29[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]HAIN 20.29[/b]

cat2 that looks like it will get hit

James-ST Moderator: hey alaska, nice stop on GGR......looking real good

cat2 K, why the change?

Hunter : she hasn't hit puberty yet James what do ya expect ? ! ! lol

amlo has logged out

amlo has entered DayTrading Chat

James-ST Moderator: lmao hunter

Ken-ST Moderator: cat, that level would take out the last peak above the 20 ema

cat2 oic

cat2 tme for cat chow

cat2 bbl

Ken-ST Moderator Update!

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

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

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

Ken-ST Moderator Update!

rerserve very slow mkt!  1 trade for no gain.

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]HAIN  20.40[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]HAIN  20.40[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]HAIN  20.40[/b]

Jose has logged out

ak has logged out

Nelson has logged out

mjmtrader Ken-on these choppy days what do you do to identify other trade possibilities or do we just sit and wait.

mjmtrader has logged out

mjmtrader has entered DayTrading Chat

Ken-ST Moderator: mjm, choppy days should be traded more conservatively

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]HAIN  20.40[/b]

Ken-ST Moderator: We are now rolling into the lunch period

Ken-ST Moderator: Lunch period is the toughest time to trade

Ken-ST Moderator: it is the most unprofitable time of day for traders

Ken-ST Moderator: we stress traders keep trades to a minimum during this time of day

mjmtrader has logged out

david has entered DayTrading Chat

Ken-ST Moderator: wb

Ken-ST Moderator Update!

Ken-ST Moderator: Cancel all Type B alerts

alaska NNI is one to watch after lunch maybe, not a gapper but solid strength

alaska oops too big of a spread

Ken-ST Moderator: We will be scanning for Type C shorts soon

jr how about RIMM?

reserve has entered DayTrading Chat

kimmron has entered DayTrading Chat

Ken-ST Moderator: jr, that is a really crappy stock in an even crappier range

Ken-ST Moderator: but take a look at its day chart

Ken-ST Moderator: total range action going on

Ken-ST Moderator: you want to avoid stocks like that

jr good point, think I peaked at the weekly

rerserve has logged out

reserve has logged out

reserve has entered DayTrading Chat

izzy today has be be worst day of all time...

izzy for you guys anyway, i list way more yesterday...

reserve ken, what's your opinion on a stock like sndk that gapped down and has made a round trip back to the gap?

Ken-ST Moderator: still in range on SNDK, hard to make heads or tails of a gap in a range

Ken-ST Moderator: but in general stocks that close gaps like that continue in that direction

irachmiel has logged out

irachmiel has entered DayTrading Chat

Ken-ST Moderator: think of it this way

Ken-ST Moderator: a stock gaps down

Ken-ST Moderator: shorts from the previous day is making money

Ken-ST Moderator: as the gap closes, they are now losing their profits

Ken-ST Moderator: finally when the gap closes they may have now lost all their profits and thoughts of exiting the trade start to enter their heads

Ken-ST Moderator: brings in more buying

jy long SNDK at 57.31 exited at 58.67

jy still running

reserve you da man jy

James-ST Moderator: wow, that is a nice trade

jy type c

Ken-ST Moderator: nice jy

Ken-ST Moderator: quite handsome

jy the futures chart helped

jy RHAT announcing earning tomorrow after market close

MarkB has logged out

kimmroni has left the room

reserve has logged out

mjmtrad has entered DayTrading Chat

reserve has entered DayTrading Chat

alaska SRLS a nice rise for any gamblers out there

alaska huges gap down, and moving up a bit

mjmtrad What a day to get started.

Ken-ST Moderator: JY would you say the futures room is helping with your stock trading?

irachmiel has logged out

jy yes. this last trade on SNDK

jy I exited when the stoch was overbought

Ken-ST Moderator: nice

alaska For myself, I find the futures room is teaching me more patience and time of day issues,  and even more importantly, usually on days when I lose on stocks  I make up for it on futures

jr how do you get to it, don't see it on the website

Ken-ST Moderator: good alaska

Ken-ST Moderator: jr, it will be available tomorrow

Ken-ST Moderator: Time of day is very important when trading

Ken-ST Moderator: it is the most important thing I look at when trading the Eminis

Ken-ST Moderator: My entire trading is structured around it

James-ST Moderator: What are you guys getting me for Christmas?

Ken-ST Moderator: Picture of me

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

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

James-ST Moderator: coal in my stocking would be better

Ken-ST Moderator: Picture of me and your mom better?

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

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

amlo has logged out

Ken-ST Moderator: JY that was a very nice trade

alaska guys, SRLS is an ideal scalping situation here if you like to gamble

jy ken, SNDK ?

Ken-ST Moderator: yeah nice one man

jy learning from the masters

amlo has entered DayTrading Chat

Ken-ST Moderator: wb

irachmiel has entered DayTrading Chat

Ken-ST Moderator: any questions?

irachmiel has logged out

bigb has entered DayTrading Chat

irachmiel has entered DayTrading Chat

rontrue has entered DayTrading Chat

Ken-ST Moderator: hi Ron

mjmtrad has logged out

jy PALM announcing earnings after market close today

Ken-ST Moderator: cool

Ken-ST Moderator: ty jy

alaska wow, I'm done with stocks for today, pulled $1500 out of SRLS, onto futures now!

tcat has entered DayTrading Chat

Ken-ST Moderator: nice alaska

Ken-ST Moderator: hi tcat

tcat hey ken

Ken-ST Moderator: market breaking out to a new hod, however please note that we are still in the lunch period

Ken-ST Moderator: all breakouts during the lunch period should be viewed at with caution

safran has logged out

irachmiel has left the room

Ken-ST Moderator: still scanning for Type C short setups

JP has logged out

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

reserve sorry.  fingers slipped.  no private chat unless you want to share how you identified that SRLS trade

alaska Ken, SRLs qualifies here now, over $10

alaska SRLS

Ken-ST Moderator: spread was enormous in the am

Ken-ST Moderator: but now ok

Ken-ST Moderator: testing its 50 ema here

Ken-ST Moderator: we will wait until after lunch period to open up any alerts on that stock

alaska very liquid, 2-3 cents spread ususally, found it on highest gainers

Ken-ST Moderator: yes

Ken-ST Moderator: the early morning was weird...spread was about 15 cents

alaska the oil news, we are forcing the oil companies to make a deal with us in Alaska, we want to be partners in owning the gas line

Ken-ST Moderator: market dipped below the 5 ema

Ken-ST Moderator: stoch near to the overbought earea

Ken-ST Moderator: area

Ken-ST Moderator: watching closely for any break in trend

Dusty Ken I have short on sndk at 58.65 my plan was to exit at 58.35. What do you think of holding it in light of the downgrade and the chart pattern?

James-ST Moderator: hey alaska.....what is the deal up there?  something like all alaskans get 30k a year in oil royalties?

Ken-ST Moderator: dont trade new Dusty

Ken-ST Moderator: poison

Ken-ST Moderator: when you say holding, do you mean swing trade?

alaska no, we get about 1k a year which is just a tiny piece of the interest on our oil revenue savings

James-ST Moderator: do the eskimos get more?

Dusty no it's a day trade. I'm up a couple of hundred. Think I should bail?

alaska each member of the family, who lived here for 1 year, gets a dividend check annually, usually about 1k

James-ST Moderator: i thought it was substantial.....1k is pittance .......i thought thye did it to encourage more people to live up there

Ken-ST Moderator: what was your entry

Ken-ST Moderator: at the very least my stop would be the HOD

Ken-ST Moderator: market is in your favor right now

Dusty 58.65. I used the 1 min chart. Saw it was in a pattern.

alaska any native organization that owns land that was leased (like INupiat eskimos in Barrow area) benefit from lease sales.

Ken-ST Moderator: stoch down, market under the 5 ema

alaska ANd they tax the output of the oil too

James-ST Moderator: ah

Ken-ST Moderator: it is currently finding resistance under its 50 ema

Ken-ST Moderator: if it takes out the 58.24 area you could have a very merry christmas a few days early

Dusty That would be great. I've had a tough couple of weeks.

Ken-ST Moderator: the 5 min EMA trend is still down

Ken-ST Moderator: what was your target on the trade?

James-ST Moderator: that lady who had her her 17th kid in cali should move up there

James-ST Moderator: 19k a year for them

alaska James, yes large families really depend on the dividend checks for their income

Dusty I shorted at 58.65 with a planned exit at 58.35. I seems as if I could have a winner if I hang on a bit. My stop was HOD.

alaska James, some native corporations, like in Barrow, do have their own corporate dividends, and some of them do hand out 30k to their member/owners each year if they had a profitable year.

Dusty JPM said SNDK was overvalued by 35%. They issued and underperform and a target of 38.

James-ST Moderator: wow....thus the high alocholism rate......lot of those guys are collecting money without doing a thing

Ken-ST Moderator: scaling out some profits is never a bad idea

bearrally has entered DayTrading Chat

Ken-ST Moderator: locks in profits, reduces risk on the trade

Ken-ST Moderator: easier to make decisions in  a no lose situation

Ken-ST Moderator: GA Bear

Dusty got it. I think trying too hard to recover. Sage advice.

Jose has entered DayTrading Chat

Ken-ST Moderator: market new hod

david Ken and James, do you think ORCT is going to move back down this aft. with people taking profits?

Ken-ST Moderator: it is in a range right now

Ken-ST Moderator: no way of knowing which way it will move

david Thanks.

kimmroni has entered DayTrading Chat

Ken-ST Moderator: do you have a current position in the stock?

david Yes, short.

Ken-ST Moderator: ok gang its just past the 1:00 turn time

Ken-ST Moderator: market is overbought

Ken-ST Moderator: we will open up short alerts early here

kimmron has logged out

Ken-ST Moderator: wb

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ORCT 24.61[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ORCT 24.61[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ORCT 24.61[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type A Short on[/b] [b]SYNA 24.54[/b]

Ken-ST Moderator: [b]Watching for Type A Short on[/b] [b]SYNA 24.54[/b]

Ken-ST Moderator: [b]Watching for Type A Short on[/b] [b]SYNA 24.54[/b]

bearrally has logged out

bearrally has entered DayTrading Chat

bearrally what happen?

Ken-ST Moderator: What are you up to today?

amlo2 has entered DayTrading Chat

Ken-ST Moderator: wb

Zia has entered DayTrading Chat

amlo has logged out

bearrally yes, it's not working

Ken-ST Moderator: what is it telling you?

Ken-ST Moderator: sorry that was in error

Zia has logged out

Zia has entered DayTrading Chat

James-ST Moderator: hey alaska, was it you we talked about the internet over power lines?   looks like Texas is going that route

tcat has logged out

kimmroni Ken, can you take a look at palm and offer your opinion?

Dusty Ken looking at short in PD at 140.48. Any thoughts?

kimmroni Is LONG a valid position for PALM?

Ken-ST Moderator: Dusty PD is in trading range of last 4 days, and currently trading above its 5 day EMA

Ken-ST Moderator: You may see a more reliable move below 139.89

Dusty Got it thanks.

Zia wow bad day thus far#

Zia this month has been a ****

kimmroni Ken, can you comment on PALM

dana has entered DayTrading Chat

Ken-ST Moderator: the trend is nicely up

Ken-ST Moderator: however with  the stocks stoch  overbought and the market overbought, it appears risky

kimmroni Ken, so its about to get out with 0.2

Ken-ST Moderator: Would much rather see the market near oversold, or a nice consoliation on the stock near the highs

kimmroni Tx.

Ken-ST Moderator: If you are already in, make sure you secure yourself a nice profit and play tight stops

kimmroni Ok, done. Tx. Ken

kimmroni Ken, profit on time on PALM.Tx for the advice

alaska kimmroni, not all the news on Palm is good, be careful

Zia Ken is there anywhere we can view the futures results thus far?

kimmroni alaska, I am out but tx. anyway

Ken-ST Moderator: We will not be posting any prior results

Ken-ST Moderator: ORCT is close

Ken-ST Moderator Update!

Ken-ST Moderator: SYNA too

Ken-ST Moderator: [b]Watching for Type A Short on[/b] [b]SYNA 24.54[/b]

Ken-ST Moderator: [b]Watching for Type A Short on[/b] [b]SYNA 24.54[/b]

Ken-ST Moderator: [b]Watching for Type A Short on[/b] [b]SYNA 24.54[/b]

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator: [b]TYPE A Trade (Breakdown). Consider Short[/b] [b]SYNA 24.54[/b]

Ken-ST Moderator: [b]TYPE A Trade (Breakdown). Consider Short[/b] [b]SYNA 24.54[/b]

Ken-ST Moderator: [b]TYPE A Trade (Breakdown). Consider Short[/b] [b]SYNA 24.54[/b]

kimmroni Ken, you meant that the futures daily performance  will not be posted as the stocks results are

Moharram has entered DayTrading Chat

Ken-ST Moderator: It will be once we officially launch the room

Ken-ST Moderator: but we will not post any results prior to then

kimmroni Ok, what futures will be traded in the room only e-mini or others too

Ken-ST Moderator: just the Emini S&P

James-ST Moderator: we are working on a bacon futures strategy

Ken-ST Moderator: lol

Ken-ST Moderator: ORCT is close

Ken-ST Moderator: we have found that when James is hungery, the bacon futures rises a lot

BRUNO3 STOP ON SYNA PLS.

James-ST Moderator: lots of research in this one

kimmroni James, why bacon?

jy Stop on SYNA ?

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SYNA 24.86[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SYNA 24.86[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SYNA 24.86[/b]

James-ST Moderator: sorry kimmroni......we were just joking about bacom futures, although i am sure it can be profitable......just e-mini

kimmroni It was  ajoke on my side too, lol

James-ST Moderator: ah lmao

James-ST Moderator: i was kinda worried

Dusty Holy cow I got out of HAIN even!

Ken-ST Moderator: The original stop held

Ken-ST Moderator: lol kimmron

Ken-ST Moderator: nice Dusty

Zia has logged out

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]ORCT 24.61[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]ORCT 24.61[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]ORCT 24.61[/b]

Ken-ST Moderator Profit!

Ken-ST Moderator Profit!

Ken-ST Moderator Profit!

Ken-ST Moderator Profit!

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

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

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

jr did anyone even get in, it moved soooo fast!

alaska wow

Ken-ST Moderator: Mark was in before

amlo2 true

Ken-ST Moderator: and he is suddenly went from average looking to GQ spokesperson

reserve orct only a blur on my order entry.  no chance

jr I had an audio alert well before and still couldn't get there

Ken-ST Moderator: stock is still in trend

BRUNO3 STOP ORDER NOT EXECUTED ON ORCT !!!

jr tried, none available

reserve would like to see syna make the same move

alaska that is so much crap what they are saying about what the oil companies want

RoGeRj has entered DayTrading Chat

Ken-ST Moderator: Hey RoG

alaska they don't want to pump any gas out of the ground because it makes it harder to get all the oil out when they do that.

James-ST Moderator: ah

RoGeRj Hey Ken - James

James-ST Moderator: hey rog

jy Hope SYNA comes back down

RoGeRj what do you think about OXY long at 83.00 ?? not much above  that to 84

Ken-ST Moderator: still in range on daily chart

Ken-ST Moderator: may produce choppy conditions and unreliable breakouts

reserve jy, generally when I start hoping, it'sasignal to cover and I'm hoping right now

RoGeRj I guess I was better of trying to get around midtown than trading so far today!

irachmiel has entered DayTrading Chat

jy reserve, hoping - wishing - have you covered yet ?

reserve no because stoch indicates overbought

jy you're right about that.

jy SYNA stoch is ocming down a little

jy SYNA looks like it 'll be stopped

reserve unfortunately s&p stoch moving up

BRUNO3 SYNA TRADED @ 24.86 ! - IS THE STOP ELECTED ?

Ken-ST Moderator Update!

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

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

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

Ken-ST Moderator: sorry about that

Ken-ST Moderator: If you are still in, wait for the offer to be at the stop for better stop indication

Ken-ST Moderator: we will close the trade here however

irachmiel buy long syna?

jy NEW YORK (MarketWatch) -- For the first time in 25 years, the more than 33,000 workers responsible for running New York City's critical system of subways and buses have gone on strike

kimmroni Ken, how many contracts are you going to trade (a single trade)

kimmroni has logged out

Ken-ST Moderator: I will be starting with a 5 - 15k portifolio

Ken-ST Moderator: and trading 1 contract lots

Ken-ST Moderator: to start

kimmroni has entered DayTrading Chat

kimmroni 1 point move in s&p is 50$?

bigb has logged out

Ken-ST Moderator: yes

alaska If anyone joins the future room, my advice is to do exactly what Ken does, don't improvise.  You can trade more lots, but keep it exactly at the entry points and in proportion to what Ken does.

kimmroni Ken, what is the range of change you are looking at. Is it 1% like in stocks (i guess it much lower)

Ken-ST Moderator: My typical target is in the range of 2 points

Dusty Typically how many trades do you make in a day?

RoGeRj Ken when is the futures room starting?

Ken-ST Moderator: 1 - 3  trades

kimmroni alaska, what kind of proportions?

Ken-ST Moderator: I may average down on a trade up to 3 times

Dusty just ballpark it for me. What kind of dollars are you looking to make on a 5k investment?

Ken-ST Moderator: it all depends on time frame

alaska kim, I mean if you want to trade big, and Ken is doing 1 lot per entry, than you do 2 lots per entry, or 3, or 10, but keep it proportionate to his entries and only at his entry points.

Ken-ST Moderator: I think I can turn it into 100 k in a year

cat2 is that by compounding the equity with eacu trade?

Ken-ST Moderator: I have a general scale that  I will be following

cat2 can you share?

Ken-ST Moderator: yes, as my equity rises to different levels, I will be increasing my Contracts per lot

cat2 is that a fixed % or a dollar amount?

Dusty From a risk perpective. Is it more or less risky that say Day Trading?

kimmroni alaska, still can't follow you. 1,3,10 and follow entry is clear but i do not understand what you mean by "keep it proportionate to his entries"

tryhard has entered DayTrading Chat

Ken-ST Moderator: Dusty, you dont need as much capital

Ken-ST Moderator: but on a percentage basis it is very risky

Ken-ST Moderator: on a 5k investment I can make 10% on a good day

Dusty understood, but is the potential for "quick" loss as great?

Ken-ST Moderator: of course

cat2 you wont have tight stops?

Ken-ST Moderator: I have very loose initial stops

Ken-ST Moderator: not for the weak

Ken-ST Moderator: baby

mjmtrader has left the room

cat2 how long have you been testing this system?

Ken-ST Moderator: this current one, all year

alaska kim, I mean if you want to trade 3 times as many lots as ken, do 3 lots every time he does one lot.  Sorry I wasn't clear.

cat2 in real time with real $

bigb has entered DayTrading Chat

Ken-ST Moderator: both test and real account

kimmroni what are the results so far percentage iwse and drwdown

mjmtrader has entered DayTrading Chat

cat2 hw has the real account done?

Ken-ST Moderator: minor adjustments here and there

kimmroni drawdown

Ken-ST Moderator: Really, I dont want you all to pin hopes on my past history

kimmroni Ken, what was the highest drawdown during this year?

Ken-ST Moderator: I ahve done very well

jy market moving down

Ken-ST Moderator: i wouldnt be launching it otherwise

cat2 understood, but its good to know

Ken-ST Moderator: I will show it all to you in real time

Dusty Understood. But like employees past history is an indicatior of future performance! ;-)

kimmroni Ken, at leat a vague indication about the potential drawdown

kimmroni during the testing year

mjmtrader has logged out

Ken-ST Moderator: kimmron, you can lose all your money with futures

Ken-ST Moderator: thats not vague

Ken-ST Moderator: its very specific

jy shorted SHRp at 9.79 just covered at 9.65

reserve nice

cat2 Ken, knowing that your pas performance is no indicztion of the future, what % up are you in real time?

jy SHRP is Sharper Image - a retail chian that I think will not survive long.

kimmroni this is not waht I asked. Your answer is obvious. What I asked is what was the drawdown during the testing year. This may give us an indication to what we can expect since it is statistical (1 year)

irachmiel good job jy!

jy ty

Jose has logged out

Ken-ST Moderator: biggest drawdown was $800 per 1 contract lot entries

cat2 over 15 points

irachmiel how did you know to short shrp, jy?

jy I shorted SHRP at 10.39 two days and made some profit. Today I shorted it again. James, it's like MOVI.

kimmroni This is something we can ealuate and think about. Tnx. Ken

reserve jy, syna stoch just dropped to 80 on my 5 min chart.  would you have the guts to\try toget your $'s back

cat2 orct lod

irachmiel movi?

bigb has logged out

Ken-ST Moderator: I really do not want to give any historical info

Ken-ST Moderator: You will see what I am doing in the chat room

jy reserve, SYNA is a tough call. It might need the overall market's help.

kimmroni Ken, understood although from my experience as a user it gives a lot of confidence and this is one of the biggest strength of Swingtrades as compared to other sites that I know (and I know a lot)

alaska I can say that it is easy to lose 10 times as you can make, but that's true in here too if things don't go your way.  I wouldn't trade more than 5% of your money available to trade on each entry point.

irachmiel syna is moving down did you short it jy?

jy NO.

cat2 K will there be advance notice of your trades...time for others to mimic?

Dusty I shorted at 24.93.

Ken-ST Moderator: kimmron,  a couple days in the chat

Ken-ST Moderator: and you will have confidence in what I am doing

jy I still have 1/2 of my SHRP short - see if I can ride it down further.

cat2 I like that attitude!

Ken-ST Moderator: Plus, you get the hear my sexy voice

Ken-ST Moderator: cat, yup there is a lot of time to mimic my trades

kimmroni This last one is probably the most convicing argument lol

cat2 good

kimmroni the sexy voice  i mean

RoGeRj Ken when is the futures room starting  - are we trading just the s & p mini or other markets too

cat2 K where is eupport/re on ORCT?

Ken-ST Moderator: I only trade the S and P minis

cat2 support/resistance

Ken-ST Moderator: 23.75 is only argument i see

cat2 k

cat2 has logged out

Ken-ST Moderator: We just exited a futures trade

Ken-ST Moderator: Ill tell you my performance for today

Ken-ST Moderator: 2.75 points

Ken-ST Moderator: on 1 trade

Ken-ST Moderator: I am hoping we get that email out tomorrow to allow you all into the futures room

tryhard has logged out

Ken-ST Moderator: Futures are cool

Ken-ST Moderator: and it will help you stock trading tremendously imo

Ken-ST Moderator: it will give you a great assessment for the intraday market

Ken-ST Moderator: best time for stocks is the first hour of the dya

Ken-ST Moderator: day

Dusty so would profit on that be approx 137?

Ken-ST Moderator: I like the trading i the futures from 10:30 through 2:30

Ken-ST Moderator: yes Dusty

Ken-ST Moderator: on 1 contract

Dusty you ave between one and three trades per day?

Ken-ST Moderator: yes

Ken-ST Moderator: but 1 trade may involve up to 4 contracts

Dusty approx how much is a contract?

izzy has logged out

Ken-ST Moderator: depends on your broker, but most require between 500 and 1k

Ken-ST Moderator: for each contract

Ken-ST Moderator Update!

Ken-ST Moderator: Cancel all alerts

Ken-ST Moderator: Lets do a market assessment:

Ken-ST Moderator: Daily Chart:  below the 5 day EMA, stoch in downtrend

Ken-ST Moderator: Hourly chart:  now in downtrend as noted by the 20 EMA below the 50 EMA

alaska has logged out

tryhard has entered DayTrading Chat

Ken-ST Moderator: 5 min chart :  downtrend

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

Ken-ST Moderator: wb tryhard

tryhard thanks

Ken-ST Moderator: any questions gang?

Ken-ST Moderator: holiday trading all week

Ken-ST Moderator: and next

Ken-ST Moderator: conservative trading

Ken-ST Moderator: lower capital

Ken-ST Moderator: less trading

Ken-ST Moderator: quicker profits

kimmroni more luck

kimmroni from my perspective of course

Ken-ST Moderator: never hurts to have luck on your side

Hunter : just got back how'd futures go today, Ken ?

Ken-ST Moderator: not bad

Ken-ST Moderator: 1 trade for 2.75 points

Hunter : How many lots ?

Ken-ST Moderator: 1

kimmroni Ken, is the basic strategy similar or totally different. Will you offer it on video for purchase?

kimmroni to stocks i mean

Hunter : keepin the cinch tight huH ! lol still made money thats what counts !

Ken-ST Moderator: not similar at all

Ken-ST Moderator: totally different

Hunter : nice goin, Ken !

Ken-ST Moderator: I do not have a video for purchase

kimmroni so it will be a "black box"?

irachmiel has left the room

kimmroni or will it be explained as it develops during trading

Hunter : see ya all tomorrow, take care

Ken-ST Moderator: I explain while I am trading it

Ken-ST Moderator: ok Hunter

Ken-ST Moderator: take care

Hunter has logged out

BRUNO3 WHAT PLATFORM IS NEEDED TO TRADE THE MINIS ?

Ken-ST Moderator: There are a number of them,

Ken-ST Moderator: We have relationships with a couple of them to get a good deal for the room

Ken-ST Moderator: DAS platform from SOF Direct.com

Ken-ST Moderator: that is a universal platform for stocks and futures

Ken-ST Moderator: and Global Futures

BRUNO3 ty

RoGeRj see you all in the AM  !!

RoGeRj has left the room

jr has logged out

tms has logged out

david Thanks Ken, James, ORCT was kind to me

david See you tomorrow

david has left the room

Ken-ST Moderator: nice david

jy has logged out

Ken-ST Moderator: take care

mark2 see you guys in the am.

mark2 has left the room

jovid has logged out

kimmron cu all tomorrow

reserve Tomorrow has to be better

reserve has left the room

tryhard has left the room

Ken-ST Moderator: ok gang, have a great evening.

Ken-ST Moderator: see you all tomorrow