Ken-ST Moderator: Yes, currently up near to the previous days highs

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

mark2 has entered DayTrading Chat

James-ST Moderator: gm all

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

mark2 gm James......Ken

mjmtrader Good morning, James

Dusty gm James

kimmron has entered DayTrading Chat

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

kimmron Hello all

kimmron gm and a succesful day Ken

Ken-ST Moderator: ty

Ken-ST Moderator: that is the plan

kimmron everything starts with planning. if u plan to succeed most probably u will

Ken-ST Moderator: yes sir, I am a firm believer in that

kimmron positive waves I am also a believer

jr has entered DayTrading Chat

bigb got out at 19.05

Dusty "Positive Waves" is that from Kelly's Heros?

Ken-ST Moderator: tx Dusty

Ken-ST Moderator: Looking at the news, looks like a set price

Dusty No worries. Seems like limited upside gap.

Ken-ST Moderator: We will take off

Ken-ST Moderator: Nothing good ever comes out of negtive thinking, stress, or worrying

Bengal has entered DayTrading Chat

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

alaska has entered DayTrading Chat

Bengal gm

alaska gm

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

mark2 has logged out

BRUNO3 has entered DayTrading Chat

BRUNO3 GM

Todd-SOF Direct has entered DayTrading Chat

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

boomer has entered DayTrading Chat

reserve has entered DayTrading Chat

amlo has entered DayTrading Chat

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

amlo gm ken, and everyone

jr Ken, WDC?

RoGeRj has entered DayTrading Chat

RoGeRj HeY!

gut has entered DayTrading Chat

gut NKE

ak has entered DayTrading Chat

gut WVCM

ak gm all

JP has entered DayTrading Chat

JP GM

dana has entered DayTrading Chat

jy has entered DayTrading Chat

jy gm

jovid has entered DayTrading Chat

tms has entered DayTrading Chat

jovid gm all

rontrue has entered DayTrading Chat

rontrue gm to all

James-ST Moderator: gm everyone i missed

amlo has logged out

Ken-ST Moderator: [b]Good Morning[/b] [b]RoG, gut, ak JP, dana, jy jovid, tms, rontrue[/b]

gd has entered DayTrading Chat

amlo has entered DayTrading Chat

Ken-ST Moderator: WDC, NKE are in ranges

Ken-ST Moderator: GM looks great

Ken-ST Moderator: WVCM looks great as well

bigb has entered DayTrading Chat

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

david has entered DayTrading Chat

david Morning all

BRUNO3 NO BORROW WVCM

jr when do you see range on WDC?

Ken-ST Moderator: Market Assessment:

RoGeRj cant short ISIL and WYNN on CYBERTRADER

izzy has entered DayTrading Chat

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

Ken-ST Moderator: Hourly Chart:  downtrend

Ken-ST Moderator: 5 min chart:  downtrend

Ken-ST Moderator: Futures are currently up about 3 points, near to the p/d highs

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

Hunter has entered DayTrading Chat

Ken-ST Moderator: yes JR, that was my bad, it is gapping in a  nice area

kimmron RogerRj , we have a similar problem

Hunter : gm guys

Ken-ST Moderator: Be conservative today gang

jose has entered DayTrading Chat

jose gm

safran has entered DayTrading Chat

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]PALM 33.08[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]PALM 33.08[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]PALM 33.08[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]GM 19.29[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]GM 19.29[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]GM 19.29[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]BMET 35.11[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]BMET 35.11[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]BMET 35.11[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]DECK 27.99[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]DECK 27.99[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]DECK 27.99[/b]

Ken-ST Moderator: DECK isc 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]BMET 35.11[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]BMET 35.11[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]BMET 35.11[/b]

James-ST Moderator: GM CLOSE

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]WDC 17.36[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]WDC 17.36[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]WDC 17.36[/b]

Ken-ST Moderator: DECK is close

irachmiel has entered DayTrading Chat

irachmiel gm

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]KOMG 31.53[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]KOMG 31.53[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]KOMG 31.53[/b]

Ken-ST Moderator: WDC IS CLOSE

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

tryhard has entered DayTrading Chat

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]WDC 17.36[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]WDC 17.36[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]WDC 17.36[/b]

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]DECK 27.99[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]DECK 27.99[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]DECK 27.99[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: CANCEL XPRSA, SPREAD IS HUGE

kimmron spread on deck is huge

Ken-ST Moderator: .03 right now

Ken-ST Moderator: but looks to be on thin side

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]WDC[/b]

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

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

Ken-ST Moderator Update!

Ken-ST Moderator: Cancel WVCM, no volume

Ken-ST Moderator Update!

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

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

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

Ken-ST Moderator: a looser stop would be the 5 ema on 5 min

bigb wdc is flying

bigb above 18

Bengal I just got out.

Ken-ST Moderator: DECK new lod

Ken-ST Moderator Profit!

Ken-ST Moderator Profit!

Ken-ST Moderator Profit!

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

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

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

alaska cybertrader sucks today, 3 of the stocks unavailable to short, they managed to get ISIL they say.

gut anyone get DECK?

bigb nope

amlo no, missed it

BRUNO3 NO BORROW DECK

gut same as last time

gut SHO

bigb damn look at wdc

Bengal I feel sick, WDC

gut wowow

Ken-ST Moderator: what a move

Ken-ST Moderator: up nearly 10% runner

Ken-ST Moderator: thats ok ben, you still made a nice profit

Ken-ST Moderator: wtg

Ken-ST Moderator: look forward

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]DECK 28.26[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]DECK 28.26[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]DECK 28.26[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]GM 19.76[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]GM 19.76[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]GM 19.76[/b]

Ken-ST Moderator is no longer a moderator

Ken-ST Moderator has logged out

Ken-ST Moderator has entered DayTrading Chat

Ken-ST Moderator has become a moderator

Ken-ST Moderator is no longer a moderator

alaska awesome on WDC

Ken-ST Moderator has logged out

Ken-ST Moderator has entered DayTrading Chat

Ken-ST Moderator has become a moderator

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PALM 31.85[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PALM 31.85[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PALM 31.85[/b]

Ken-ST Moderator: DECK IS CLOSE

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]DECK 28.26[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]DECK 28.26[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]DECK 28.26[/b]

Ken-ST Moderator: BMET still under its 5 ema stop

Ken-ST Moderator: For those willing, BMET still has a nice setup at a new lod

tryhard has logged out

tryhard has entered DayTrading Chat

Ken-ST Moderator: PALM is close

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]GM 19.76[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]GM 19.76[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]GM 19.76[/b]

Ken-ST Moderator Update!

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

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

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

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

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

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]DECK 27.95[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]DECK 27.95[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]DECK 27.95[/b]

Ken-ST Moderator: Market at new hod

Ken-ST Moderator: just above the p/d highs

Ken-ST Moderator: Go GM baby

Ken-ST Moderator: remind me to go over the rationale behind that GM reversal

Ken-ST Moderator: later

Ken-ST Moderator: PALM is close

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PALM 31.85[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PALM 31.85[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PALM 31.85[/b]

gut KOMG hod?

Dusty JR thanks for WDC!

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]KOMG 33.34[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]KOMG 33.34[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]KOMG 33.34[/b]

Ken-ST Moderator: yes thank you JR, for WDC

Ken-ST Moderator: gang , JR was the one that brought it up to the room

Ken-ST Moderator: tx

gut nicely done jr

Bengal thanks jr

Ken-ST Moderator: PALM is close

Ken-ST Moderator: Market new hod

Ken-ST Moderator: GM new hod

gut K mkt not in our favor on PALM?

Ken-ST Moderator: Doesnt matter too much

Ken-ST Moderator: not in the first period

gut ok

Ken-ST Moderator: probably better in factc

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]PALM 31.85[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]PALM 31.85[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]PALM 31.85[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]PALM 32.47[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]PALM 32.47[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]PALM 32.47[/b]

tryhard has logged out

BRUNO3 NO BORROW ON PALM

James-ST Moderator: wow pretty high volume stock there

Ken-ST Moderator: palm new lod

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]JOYG 39.30[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]JOYG 39.30[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]JOYG 39.30[/b]

Ken-ST Moderator: JOYG IS CLOSE

mark2 has entered DayTrading Chat

Ken-ST Moderator: WB

tryhard has entered DayTrading Chat

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]DECK 28.11[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]DECK 28.11[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]DECK 28.11[/b]

mark2 tx.....lost my cable connection

Ken-ST Moderator Update!

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

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

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

James-ST Moderator: JOYG CLOSE

Ken-ST Moderator: NAZ NEW HOD

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]JOYG 39.30[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]JOYG 39.30[/b]

Ken-ST Moderator Buy!

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]JOYG 39.30[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]JOYG 39.30[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]JOYG 39.30[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]JOYG 39.30[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]JOYG 39.30[/b]

Ken-ST Moderator: ITS A BUY GANG

James-ST Moderator: BUY

gut paid 39.44 w a mkt order!

gut BS!!!

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

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

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

gut palm came so close only to get stopped

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

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

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

gut grrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr

izzy ouch

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]JOYG 38.80[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]JOYG 38.80[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]JOYG 38.80[/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]JOYG  [/b]

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

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

izzy get out!!!!

Ken-ST Moderator: ?

izzy don't risk losses gang, take it from experience!

izzy just keeping everyone safe =)

Dusty izzy you've come home!

izzy yes sir, i was watching, and it looks like today is okay

izzy i'm being careful tho

jy JOYG above 52 week high at 37.99

Dusty glad to see you here!

izzy jy: i'm at a take profit and run mindset right now, but everyone is different

izzy Dusty: thanx, i almost didn't login today, buti want to get my money back

izzy sadly, that sounds like gambling

gut yes it does

jy izzy, gj

Dusty understood. Stick to the plan.

izzy yes sir, and joyg is nice for those of u with brass ones

gut joyg fly

jy I just exited my last 1/2 position on JOYG at 40.11

izzy jy: good call

jy my firdt 1/2 position was exited at 1%

Ken-ST Moderator: gj gang

Ken-ST Moderator: good to hear izzy

RoGeRj great call on joyg !!!  great day - I should slow down!

izzy good to hear roger

Ken-ST Moderator: yes, if you have a good profit, consider taking the day off

RoGeRj Ill go spend it at the Mall

izzy i got 12.5% of my losses for the week back, is that good?  is the market going to be less successful for us the rest of the day?

RoGeRj you never know!

izzy well, ken/james always say the easy money is in the first hour of the day

izzy with this "holiday trading" going on, i don't want to risk any more losses

IV50 has entered DayTrading Chat

RoGeRj CRMH IPO at 10:40   ( I no real info on it)

jy JOYG new hod at 40.31

Ken-ST Moderator: Market is overbought

Ken-ST Moderator: but still in uptrend

ak has logged out

Ken-ST Moderator: with prices above the 5 ema and stoch in uptrend

ak has entered DayTrading Chat

amlo has logged out

amlo has entered DayTrading Chat

gut BMET hod play?

Ken-ST Moderator: Looking at that right now

Ken-ST Moderator: It is testing its 20 EMA right now

gut hit .45 and backed off

Ken-ST Moderator: market very overbought,

izzy Ken: if you find one, please tell me how risky it looks, i'm at an almost 0% tolerance for risk, so please lend me your wisdom

Ken-ST Moderator: I dont think there is any urgency to get in

alaska bmet is at hod

gut agreed

IV50 has logged out

Ken-ST Moderator: You can determine very easily by looking at the initial stops

izzy Ken: so if it's a tight stop, higher risk, loose stop, lower risk?

izzy or vice cersa?

Ken-ST Moderator: yes the other way around

izzy hm, k gotcha

gut joyg fast reversal

izzy and that is because of what the stop is set to or because beforehand you guys determine the risk and set the stop accordingly?  (i'm trying to udnerstand the cause and effect)

Ken-ST Moderator: if you have a large stop, you have a large potential loss

Ken-ST Moderator: nothing tricky

izzy okay, so it's based on that, but my question then is, according to what do you guys set the stops?

Ken-ST Moderator: according to the chart

Ken-ST Moderator: MAs, and support/resistance

Ken-ST Moderator: We have a very good outline of it in our Market Assessment Video

izzy oooh, i see, so basically because of a loose stop the stock has a larger range for it's pattern; therefore, a looser stop has higher potential for loss?

Ken-ST Moderator: it shows what we look at in determining stops

gut nice stocking stuffer

Ken-ST Moderator: lol gut

gut except its online only

gut lol

alaska There were alot of very well behaved stocks today!

izzy gut: u gonna buy it for me? =)

gut sure izz

izzy kewl! thanx!!!

Ken-ST Moderator: the video is very applicapble to every trader.

Ken-ST Moderator: The stop plan may be used any type of day trading strategy

Ken-ST Moderator: It narrows it down to simple rules

Dusty Ken/James. Thanks for a good AM. My wife's Bday today. I'm off to make her breakfast.

Ken-ST Moderator: rules that you can follow to be consistent

Ken-ST Moderator: great to hear Dusty

Ken-ST Moderator: have a good one man

Dusty has left the room

James-ST Moderator: birthday near Christmas always sucks.....

James-ST Moderator: one present

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

Ken-ST Moderator: yup

James-ST Moderator: sorry just speaking form experience

James-ST Moderator: from

Ken-ST Moderator: Ill get you two this year James

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

Ken-ST Moderator: Ill just spend half the amount on each

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

Ken-ST Moderator: Ill wrap up each sock individually

James-ST Moderator: lmao

izzy haha

Ken-ST Moderator: lol

Ken-ST Moderator: Market still above the 5 ema, stoch still in uptrend

Ken-ST Moderator: uptrend still in tact

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

jose has logged out

Ken-ST Moderator: Market big bounce off the 20 day EMA today

Ken-ST Moderator Update!

Ken-ST Moderator: Cancel all Type B alerts

Ken-ST Moderator: any questions?

david Thanks guys, see you tomorrow.

david has left the room

izzy has left the room

RoGeRj Ken is the market open on MONDAY??

Ken-ST Moderator: No sir

RoGeRj good!

reserve has logged out

James-ST Moderator: God CNBC showing another plane landing with problems........

RoGeRj is it the Google plane?

reserve has entered DayTrading Chat

James-ST Moderator: nah, some private jet.....landed perfectly though

JP has logged out

Ken-ST Moderator: Market below the 5 ema

Ken-ST Moderator: Stoch nearly coming down below the 5 ema

Ken-ST Moderator: Watching closely for any signs of a break in trend

Ken-ST Moderator: GOOG dropping

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

Bengal good trades this morning guys.  taking a lunch break.  see you in the afternoon.

Ken-ST Moderator: ok Bengal, have a good one

James-ST Moderator: ty bengal

James-ST Moderator: dont forget we are handsome too

Ken-ST Moderator: lol

Ken-ST Moderator: and humble

jy WDC moving down at 17.66 exited too early.

jy 17.63

bigb we were long

jy I shorted WDC at 17.99

jy did WDC twice

jy long then short

bigb nice

jy ty

bigb looks way oversold now

jy exited too early at 17.77

Ken-ST Moderator: Scanning for Type C shorts now

bigb went long at 17.60

bigb 3500 shares

Ken-ST Moderator: Nice 1% move right there

James-ST Moderator: bigb, join the handsome club

jy bigb gj

jy in the money now

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

jy your target ?

alaska guess your handle is appropriate bigb! 3500 shares, wow.

jy GM below 20 at 19.98

bigb hope to ride it to top of short term range

mjmtrader My head is spinning. I've been observing. Did get in on GM, JOYG and WDC. I've go be more disciplined  not to try and double dip and chase stocks.

jy that's around 17.95 to 18.1

bigb exactly

jy mtrader, gj on getting most of the winners

Ken-ST Moderator: nice job mjm

Ken-ST Moderator: if Im not mistaken this is your second day here?

alaska gutsy

Ken-ST Moderator: Is everything becoming a bit more clear today?

James-ST Moderator: gj mjm

jy GM at 19.87 may go read

mjmtrader Yes. Second day.  Beginning to understand the process.

Ken-ST Moderator: cool

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Ken-ST Moderator: hi tj

tj hi ken

jy ken/james, watch RHAT - announcing earning tonight after market close

jy GM went red - at 19.83

jy Alaska - did you make some profit on the WDC trade ?

alaska yes, lunch money.  hey bigb, when did you get out on WDC?

jy alaska, gj

jy lunch money is good money, too.

bigb 17.83

alaska nice move there you took a bunch off the table!

Ken-ST Moderator: free lunch!!! the best kind

alaska $800 he got,  I think

alaska that's some serious scalping!

bigb 791 after commissions and fees

alaska twice a day like that and you got over $300k per year!

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

bigb tryin

bigb my large gains thus far have come from postion trading tho

irachmiel ulti going down

ak has logged out

bigb made 32k on kry

Ken-ST Moderator: what was your trade based on?

Ken-ST Moderator: thats a very nice gain

bigb got in at 1.29, out at 2.34, 30600 shares

Ken-ST Moderator: that is awesome.  Looks like you caught the entire movfe

Ken-ST Moderator: move

jy bigb, when did you do the trade ? not today ?

bigb close, it went to a dollar, no i got in november 1st

bigb out like dec. 2nd

bigb wish i could do that every month

bigb my friend thinks i should get in again

reserve has logged out

bigb he goes down there alot

Ken-ST Moderator: where is there?

bigb venezuela

bigb kry owns the rights to the biggest gold mine in south america

Ken-ST Moderator: cool

Ken-ST Moderator: try to refrain youselves as much as you can from trading during the lunch period gang,

ak has entered DayTrading Chat

Ken-ST Moderator: its the must unsuccessful time of dya to trade

Ken-ST Moderator: wb ak

ak ty

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Ken-ST Moderator: hey bear

bearrally what's up?

Ken-ST Moderator: nutt'n

Ken-ST Moderator: just hanging out until the end of lunch

Ken-ST Moderator: any questions today?

mjmtrader I've picked 850.oo on FDX on quick scalps in the past hour.  Does the group ever look for trades during the mid day hours?

Ken-ST Moderator: Yes, we look for Type C setups during the lunch period

bigb nice

Ken-ST Moderator: Looking for a top to short, or bottom to buy

mjmtrader Where do I find out the definitions of the various type trades used?

Ken-ST Moderator: Our videos goes over what we look for

Ken-ST Moderator: but basically Type A breakouts are found through a stocks daily chart

amlo Ken, I understand what a breakout is, and how it can be confirmed with daily or hourly charts, but how can it be confirmed when trading quickly like we do here? What moves beyond resistance or support can be confirmed in such a short amount of time?

Ken-ST Moderator: Type B looks to capitlaize on Gapping stocks

Ken-ST Moderator: and Type C is fading a major trend

bearrally with all the hype, why is goog down?

Ken-ST Moderator: Not sure I understand your question

alaska amlo, the strategy has confirmation on pullbacks to an ema, that's it.

amlo ok, thx

alaska or something like that, the video is worth buying.

alaska you can review it for 6 months, pays for itself in trading quickly

Ken-ST Moderator: tx alaska

mjmtrader Thanks, Alaska. I'll buy it.

bearrally Ken, you sure you don't want to hire Alaska as your sale rep?

Ken-ST Moderator: lol

alaska hey I get 10% right!

Ken-ST Moderator: You can actually review it for as long as you want

Ken-ST Moderator: lol

alaska I say that you should buy it, because I balked at paying that much, I really resisted doing it.  But I'm glad I did.

Ken-ST Moderator: if you combine with this room you will gain a really good, and quicker understanding of  the trading concept

Ken-ST Moderator: That sounds like a good testimonial to put on the site,

Ken-ST Moderator: Send in your pic alaska and we will put you on the front page

alaska than you would be able to see how handsome I am! not

Ken-ST Moderator: lol.

Ken-ST Moderator: but next to me, you will look really hot

mjmtrader NKE is battling back....

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Ken-ST Moderator: lol

izzy-poor-yet? :-P

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Ken-ST Moderator: Ok we are now past the 1:00 turn time

Ken-ST Moderator: No early alerts to issue with stoch in middle of the trend

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izzy-poor-yet? mark, make up ur mind, day trade or don't day trade

Ken-ST Moderator: market now below the 20 ema

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jy is GM still a DOW component ? I think so ??

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Ken-ST Moderator: yes

jy ty

bigb GM largest employer

bigb maybe not for long tho....

bigb imax?

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jy market giving back fast

bigb short on SNV at 26.29?

gut BMET might be ready on lod

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bigb bmet in range on daily chart

Ken-ST Moderator: SNV, there may be general support in that area

Ken-ST Moderator: I can see the last bottom at 26.30

Ken-ST Moderator: but overall on the daily chart, looks like that general area is support

bigb true

Ken-ST Moderator: We will stay away being that market is oversold

Ken-ST Moderator: thanks for bringing that up

izzy-poor-yet? market is oversold or overbought??

Ken-ST Moderator: oversold

bigb oversold now

jose Ken, where's the door to the futures room?

bigb in hell

jose lol

Ken-ST Moderator: lol

Ken-ST Moderator: We are sending out an email tonite,

Ken-ST Moderator: but for those who want to get in now,

Ken-ST Moderator: send an email at support@swingtrades.com

Ken-ST Moderator: and I'll have them send you the instructions

Ken-ST Moderator: we are asking for testimonials/feed back to our services

Ken-ST Moderator: for your troubles, we are offering 1 week of the futures room for free

jy GM down to 19.67 handsome

izzy-poor-yet? we're in GM?

Ken-ST Moderator: nothing

Ken-ST Moderator: We are scanning

jy I shorted it on my own.

Ken-ST Moderator: looking for Type C buys as well

jy james, I found another ATM - SHRP.

bigb low volume on shrp

Ken-ST Moderator: GM giving it up

jy yes. just exited at 19.6

Ken-ST Moderator: vn

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izzy-poor-yet? jy: what kind of position were u holding in GM?

izzy has entered DayTrading Chat

Ken-ST Moderator: wb

izzy thx

Ken-ST Moderator: not seeing much out there gang

Ken-ST Moderator: market in a funk

izzy :-/

Ken-ST Moderator: a lot of stocks are sitting in their daily ranges

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Ken-ST Moderator: wb

Ken-ST Moderator: total holiday trading going on

izzy to me that means stay far away from the order screen...

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

Ken-ST Moderator: You dont need a ton of trades

Ken-ST Moderator: just 1 or 2 good ones a day

izzy that's true! i had 1 good one today, i just can't have bad ones, heh

izzy i realize my risk tolerance is about 0.25% so that limits me from getting into a lot of plays frmo here on out, what are your thoughts on t hat?

Ken-ST Moderator: it all depends on your strategy

Ken-ST Moderator: but that is a very tight stop

Ken-ST Moderator: and would limit your opps.

izzy yes... and i'm worried it won't be enough to allow the stock to fluctuate in it's range

izzy yea

izzy do u think 0.5% is enough to give it room to breath?

Ken-ST Moderator: I prefer looser initial stops

izzy hm, i see

Ken-ST Moderator: with the intent of tightening up right after accoridng to what the trend of the amrket is, the movement of hte stock etc

izzy hm, that doesn't sound too bad

Ken-ST Moderator: 1 think a 1% stop is nice for our strategy

Ken-ST Moderator: Use the market trends to determine your stops

Ken-ST Moderator: that is why market assessment is important

izzy oh i see, now, how does the market trend come into play?

Ken-ST Moderator: You dont need to predict market direction here

Ken-ST Moderator: use market to implement your stop loss plan

Ken-ST Moderator: let the stocks tell you which direction to trade

izzy let's say market trend is upwards, and we are shorting a stock, would i assume there is less chance for it to drop in price or are those 2 not connected?

Bengal that makes alot of sense.  i've never thought of it that way

Ken-ST Moderator: if the market is overbought and the stock is nearing the lod, that sets up a nice short

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]CHAP 30.76[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]CHAP 30.76[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]CHAP 30.76[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: arghhh

Ken-ST Moderator: missed it

Ken-ST Moderator: that came away too fast...JOYG

safran has logged out

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gut GM toilet

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Ken-ST Moderator: stock has been sliding for awhile

gut mite cracl lod

bigb stochs really low

izzy comments on:

izzy http://www.esignal.com/

izzy anyone use it?

alaska I used to use esignal, awesome, nothing better but nothing more expensive either, they get you for every piece of data you need. Plan on $300 a month easy.

izzy ouch, so what do you use now?  (i hope you don't say ken & james, ha ha)

Ken-ST Moderator Update!

RoGeRj izzy  esignal is great  - if you dont let them sell you a lot of useless add-ons its about $130 / month

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]JOYG 40.68[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]JOYG 40.68[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]JOYG 40.68[/b]

Ken-ST Moderator: looking at a tight stop of 40.28 if triggered

Ken-ST Moderator: As of right now

jy JOYG had been consolidating between 39.5 and 40 for a long while and then popped up in 5 minutes to a hod at 40..67

Ken-ST Moderator: y

jy the makret is backing down.

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]JOYG 40.68[/b]

jy GM sliding close to lod

jy JOYG relative strength

Ken-ST Moderator: new lod for GM

Ken-ST Moderator: a little oversold there

izzy i may be crazy, but to make a quick 10 cents, is shorting GM a good idea?

jose has logged out

bigb i went long gm at 19.26

Ken-ST Moderator: izzy, I think the stock is a little oversold

Ken-ST Moderator: with not much time left in the day

izzy hm, k

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

izzy bigb: what's ur stop?

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]JOYG 40.68[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]JOYG 40.68[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]JOYG 40.68[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]JOYG 40.28[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]JOYG 40.28[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]JOYG 40.28[/b]

izzy so basically, when we see something like JOYG hit a new HOD, it tells us we know the underlying trend for the stock is an uptrend?

Ken-ST Moderator: y

Ken-ST Moderator: we are letting the stock tell us where it is going

Ken-ST Moderator: we use market assessment to see how to manage our trade

Ken-ST Moderator Update!

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

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

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

Ken-ST Moderator: Scale out with moves in your favor gang

Ken-ST Moderator: stop at entry

Ken-ST Moderator: risk nothing

jy good advise. will do

Ken-ST Moderator: les than an hour in the day

Ken-ST Moderator: take quicker profits

Ken-ST Moderator: scale out slowly

Ken-ST Moderator: we play tight stops

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jy JOYG new hod

bigb i just hit 1% on my GM trade

Ken-ST Moderator: nice bigb

izzy nice

Ken-ST Moderator: I think I know what the B stands for

Ken-ST Moderator Update!

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

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

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

Ken-ST Moderator: incredible

izzy that was real quick

Ken-ST Moderator: I hope some of you were able to scale out some on the way up

izzy i made $400, i slowly got out as it approached 41, mostly cuz i'm scared and a baby =)

izzy I ALMOST sold short at 41

izzy i felt it falling, but again, too much of a pansy to do it

Ken-ST Moderator: very nice izzy

Ken-ST Moderator: hey, that is a great trade

Ken-ST Moderator: Like I said, conservative trading is the way to go

izzy i'm learning to combine your strategies with my fear and low tolerance for risk =)

Ken-ST Moderator: making a profit today says a lot

Ken-ST Moderator: you should be proud of yourself

Ken-ST Moderator: all good.  That is why we are here

izzy well, in light of this weeks 8K loss, i'll just consider it positive, but not good enough!

Ken-ST Moderator: We present our ideas.  Use it in any way you can to make yourself a better trader!

Ken-ST Moderator: Dont make the mistake of making up losses quickly

izzy yea, i noticed trying to do too much just makes u lose more (coughs, monday and tuesday, cough)

Ken-ST Moderator: any questions gang?

alaska Izzy I started 3 months ago with 75 K, lost down to 47k, and the last 2 wks back up to 63k.  It takes alot longer to earn it back then to lose it!!

Ken-ST Moderator: nice comeback alaska

izzy ouch, hopefully if the system works well and we learn it right we should be okay for the long run

alaska up 30% in last 2 weeks

izzy someone should have held a short position on my portfolio when i started they, they'd be winning!

izzy alaska: nice

alaska I pick and choose which trades here I want, I gave up trying to enter all of them, I just do the ones that look good to me.

izzy yea. that's very good advice

alaska and I do some scalping on the side, cautiously, but that has been a big help.

izzy hm, interesting, i'm too scared and inexperienced to try that

bearrally izzy, how long have you been trading?

izzy altho, i want to short JOYG

izzy with this system, i have been trading since the week before last...

bearrally everything

bearrally not just here

izzy but, the first time i day traded was when i first turned 18, so about 4 years ago

bearrally it cost me 4 doctorate degrees before i know how

bearrally and i have been trading since 88

izzy bearrally: what do you mean?

izzy wow

bearrally 200k for each degree

alaska Bear is beary beary experienced

Ken-ST Moderator: lol

izzy jeeze... u were down almost a million at some point?!?

bearrally yup

izzy i would have been found hung from the ceiling...

Ken-ST Moderator Update!

bearrally i just look at it as tuition

Ken-ST Moderator: Cancel all alerts

bearrally lol

izzy haha, expensive, but tru

izzy i went to see some day traders down at an e-trade pro branch, they told me the first thing to learn is how to minimize losses, THEN and only then do you learn to make money

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Ken-ST Moderator: any questions gang?

izzy Ken: how long have you been trading? =)

gd Ken start 3 weeks ago

Ken-ST Moderator: Traded my first stock in 85

Ken-ST Moderator: lol

izzy nice

Ken-ST Moderator: yeah started day trading just last year

Ken-ST Moderator: jk

izzy !!!!!!!!!

izzy *izzy cancels his subscription*

Ken-ST Moderator: lmao

alaska If you were trrading since 1988 bear, then you likely had huge profits in the internet bubble that you may be counting as losses?  Is that right?

Ken-ST Moderator: 2000 was like shooting fish in a barrel

bearrally i had a lot of profits

bearrally end up buying a lot of real estates

izzy good call!

bearrally and expand out to china

alaska what buisness did you expand?

bearrally we have a manufacture in china

bearrally started out with 8 employees

bearrally now we have about 800

izzy jesus...

alaska do you sell to wallmart?

bearrally to homedepot

alaska what do you manufacture?

mjmtrader Hope everyone exited JOYG

bearrally and donate a lot too

izzy yea, i'm sad i didn't short it at 41 tho

izzy bearrally: can I invest in your company?? =)

bearrally alaska, i make commrcial fire sprinkler

bearrally izzy, lol

alaska cool Bear

bearrally ceo spend a lot of time in vegas

bearrally do you want to do that

izzy bear: i wasn't joking...  :-(

Ken-ST Moderator: lmao

izzy GM is on a steady tank

Ken-ST Moderator: bigb, that was a sweet trade you made

izzy i wonder, too late to get in

bigb ya good thing i got out tho

bearrally izzy, we are not looking for investor at this time

bigb i shorted GM now at 19.18, very risky tho

bigb tight stop

bigb put my stop at entry

mjmtrader Does anyone do any after hours trading.  Looks like the good money in PALM was in the after hours yesterday.

RoGeRj Hey  thanks guys  - great day - Im off to the mall with even more $$$ to spend

alaska problem with buying afterhours around earnings reports is you never now how the market will react during regular hours, and the volume is small with amateurs driving prices to places that the majority of traders may not support.

izzy bear: i figured you'd say that, i probably don't have enough anyway, thanks for your consideration :-P

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Ken-ST Moderator: ok RoG

mjmtrader The trade would have been in and out in the after hours.

izzy remember, u ahve to place limit order in the PM, u can't market (at least i can't)

izzy GM will possibly tank after hours

izzy JOYG will jump up a little and then steady out

izzy just my guesses tho, i will watch to see if i'm right

mjmtrader JOYG amazes me. Good Grief!

izzy yea no kidding

izzy i'm tempted to short it

jy JOYG made profit wow

jy gm lod

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Ken-ST Moderator: geez

Ken-ST Moderator: any questions before I head out for the day?

jy no ty for a good day.

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Ken-ST Moderator: Ok gang, we will be sending out an email to everyone tonite

izzy nope, cya later Ken

Ken-ST Moderator: I encourage you all to sign for for the free week of futures

izzy where at?

bigb im still with gm

rontrue Thanks for another great day

Ken-ST Moderator: great Ron

Ken-ST Moderator: gj

Ken-ST Moderator: makes my day to hear that

izzy today was good for me too =)

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Ken-ST Moderator: I like hearing traders making money

Ken-ST Moderator: gj izzy

Ken-ST Moderator: kimmron, it all started with positive thoughts in the morning

izzy thnx, hopefully this can be everyday

Ken-ST Moderator: and a good plan

Ken-ST Moderator: izzy, would love for it to be like this everyday, but we will take, majority of the days

izzy yes sir, understood.

Ken-ST Moderator: ok gang, take it easy

izzy u too

Ken-ST Moderator: nice trade Bigb

Ken-ST Moderator: GM new lod

Ken-ST Moderator: We all know now what the "B " stands for in your handles

bigb lol

Ken-ST Moderator: ok gang

Ken-ST Moderator: out

izzy haha

izzy l8r

Ken-ST Moderator: lol, we can hear those brass ones clanging from here

Ken-ST Moderator: out

Ken-ST Moderator is no longer a moderator

Ken-ST Moderator has logged out

izzy *cong, cong*

izzy oh, he missed it

bigb you'll be worried to find out i shorted 6000 shares tho

izzy at what price? where'd u exit?

bigb 19.18, still in it

izzy wow, nice

bigb goin for a big christmas

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