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The Power of 2% Chat Transcripts


08/08/06 Chat Session

conanboxer: good morning all

jvt: gm

annabellab: Morning all

annabellab: what time does the FED announce today?

Amlo: GM to all

allegro_bob: 2:30

jvt: 2:15?

annabellab: thanks..

jvt: 2:15 cnbc right now

JohnnyQwest: gm gang

Ken-ST Moderator: GM ALL

jvt: gm

stevie24: GM, Does it look like hans could be a break out play?Short cover?

allegro_bob: teva down .50 in premkt

jvt: closing the gap would be nice

nin: gm every1

Ken-ST Moderator: GM gman, Stevie, Cale,nin, jvt, svoto, ms, anna, JQ

ms: gm all

jvt: ur back still hurting ken

Ken-ST Moderator: all good jvt, ty

gman: gm ken, all

Ken-ST Moderator: not 100%, but no pain

Ken-ST Moderator: gm Ricky, gman

Ricky: GM

rdub: gm all

mac: gm

Clyde-Harmon Trading: gm everyone

Ken-ST Moderator: gm rdub, mac, clyde, JP

JP: GM

Cale Good Morning All

Ken-ST Moderator: gm James

JohnnyQwest gm james

Cale Good Morning James/Ken

Cale gm JQ

JohnnyQwest gm cale

Cale happy Tuesday

claudia has entered DayTrading Chat

James-ST Moderator: gm all

claudia gm everyone

Ken-ST Moderator: gm Cale, Claudia

Ken-ST Moderator: Happy Tuesday

Ken-ST Moderator: to you too

Cale ty

dp has entered DayTrading Chat

Brian has entered DayTrading Chat

dp gm all

James-ST Moderator: gm dp, brian

alex has entered DayTrading Chat

alex gm all!

mellowg has entered DayTrading Chat

j5 has entered DayTrading Chat

mellowg gm all...again as a spectator for a few minutes

j5 gm all

kcooksley has entered DayTrading Chat

Scott-ST Moderator has entered DayTrading Chat

Scott-ST Moderator has become a moderator

Scott-ST Moderator: Good Morning Everyone

stevie24 Anyone watching HANS?

Cale Morning Scottie Scott

James-ST Moderator: gm scott, kcook, j5, mellow, alex

JohnnyQwest gm scott

j5 doesn't teva run into previous months range?

kcooksley gm alll

jy has entered DayTrading Chat

jy has logged out

johnboy has entered DayTrading Chat

chrysler has entered DayTrading Chat

jy has entered DayTrading Chat

JohnnyQwest gm jb

jy gm

johnboy GM everybody, JQ

Bry has entered DayTrading Chat

Scott-ST Moderator: [b]Good Morning[/b] [b]Everyone[/b]

Bry gm everyone

Scott-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]

James-ST Moderator: gm bry, jy, chrysler, jb

pancho has entered DayTrading Chat

James-ST Moderator: gm pancho

Ken-ST Moderator: gm dp, Brian, alex, mellow, j5, kcooksley, Scott, jy, chrysler, JB, Bry

Ken-ST Moderator: gm Pancho

DavidBer has entered DayTrading Chat

Ken-ST Moderator: gm David Ber

Ken-ST Moderator: gm everyonoe

Ken-ST Moderator: Market Assessment:

Ken-ST Moderator: Daily chart:  below the 5 day EMA, stoch up

Ken-ST Moderator: Hourly chart:  uptrend

James-ST Moderator: [b]Fed 2:15 EST[/b]

jg has entered DayTrading Chat

Ken-ST Moderator: 5 min chart:  downtrend

James-ST Moderator: gm jg, davidber

Ken-ST Moderator: Overall market is giving mixed signals but still an overall uptrending bias.

Ken-ST Moderator: Futures are currently up 3 points

Ken-ST Moderator: at the top end of the p/d range

Cale ty Ken

Ken-ST Moderator: keep trading conservative today gang

Ken-ST Moderator: the feds come out with their announcement at 2:15 pm est

j5 thin day ken?

pepe has entered DayTrading Chat

Lorden has entered DayTrading Chat

Ken-ST Moderator: and the market can often go into a holding pattern until then

Ken-ST Moderator: the action will be in the first hour

Ken-ST Moderator: gm jg, pepe, lorden

2thdr has entered DayTrading Chat

jvt if we have more than 3 alerts can we still continue the ABC is near

j5 good, i have got to do my taxes anyways

mellowg sorry to bug... ken , did you guys get out of HOLX yesterday at it's low..

James-ST Moderator: gm lorden, pepe, 2th

Ken-ST Moderator: gm 2thdr

j5 HOLX pretty good,ken great call

Ken-ST Moderator: no mellow, the alert is still open.  The stop is now at breakeven

Ken-ST Moderator: ty j5

mellowg ty will fix the exits..

j5 should have listened, ken

Ken-ST Moderator: addding SYKE

j5 good trades

Ken-ST Moderator: Good Trading gang

JohnnyQwest $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

Cale *** Good Trades Everyone ***

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]KOSP 42.01[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]KOSP 42.01[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]KOSP 42.01[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PSTI 19.49[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PSTI 19.49[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PSTI 19.49[/b]

Ken-ST Moderator: GIGM possible resistance above

stevie24 Look at HANS go!

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SYKE 19.29[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SYKE 19.29[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SYKE 19.29[/b]

ryan has entered DayTrading Chat

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]AMLN 44.59[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]AMLN 44.59[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]AMLN 44.59[/b]

Ken-ST Moderator: PCLN, possible resistance above

ryan has left the room

ryan has entered DayTrading Chat

Scott-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]JOBS 15.74[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]jobs 15.74[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]jobs 15.74[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]JOBS 15.74[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]JOBS 15.74[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]QCOM 33.64[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]QCOM 33.64[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]QCOM 33.64[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CUTR 22.99[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CUTR 22.99[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CUTR 22.99[/b]

gogo has entered DayTrading Chat

Ken-ST Moderator: GM GOGO

gogo Goodmorning

James-ST Moderator: gm gogo

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]QCOM 33.64[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]QCOM 33.64[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]QCOM 33.64[/b]

Ken-ST Moderator: KOSP is close

Ken-ST Moderator: JOBS is close

joy has entered DayTrading Chat

Ken-ST Moderator: gm joy

annabellab jobs

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]KOSP 42.01[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]KOSP 42.01[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]KOSP 42.01[/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]AMLN 44.59[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]AMLN 44.59[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]AMLN 44.59[/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]JOBS 15.74[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]JOBS 15.74[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]JOBS 15.74[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]JOBS 16.03[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]JOBS 16.03[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]JOBS 16.03[/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]JOBS  [/b]

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

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

Scott-ST Moderator: Good Job

annabellab NICE

Cale Nice Ken

rdub ty Ken

Ken-ST Moderator: gj gang

jvt didnt get it :(

jvt stop kosp and qcom lod and hod?

Ken-ST Moderator: yes

jg has logged out

2thdr amln stop?

Ken-ST Moderator: hod

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]PSTI 21.67[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]PSTI 21.67[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]PSTI 21.67[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]PSTI 21.67[/b]

mellowg good luck all....cya tomorrow

James-ST Moderator: tc mellow

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]TEVA 34.99[/b]

Scott-ST Moderator: bye Mellowg

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]TEVA 34.99[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]TEVA 34.99[/b]

mellowg has logged out

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]PSTI 61.67[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]PSTI 61.67[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]PSTI 61.67[/b]

rdub heh???

DavidBer I am not paying that much for this muffler!

Ken-ST Moderator Profit!

Ken-ST Moderator Profit!

Ken-ST Moderator Profit!

allegro_bob psti 61.67?

Ken-ST Moderator Profit!

jy STOP on KOSP

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

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

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

Ken-ST Moderator: S/B 21.67

Ken-ST Moderator: sorry about that

Ken-ST Moderator Update!

annabellab nice..

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]CUTR 24.26[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]CUTR 24.26[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]CUTR 24.26[/b]

jg has entered DayTrading Chat

Ken-ST Moderator: WB JG

Ken-ST Moderator: CUTR is close

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]AMLN 45.01[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]AMLN 45.01[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]AMLN 45.01[/b]

j5 PSTI stop

Ken-ST Moderator: 21.17 If still in

Ken-ST Moderator: HOLX hit target

chrysler has logged out

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]CUTR 24.26[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]CUTR 24.26[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]CUTR 24.26[/b]

annabellab cutr

chrysler has entered DayTrading Chat

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CUTR 23.69[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CUTR 23.69[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CUTR 23.69[/b]

Ken-ST Moderator: Market near to the hod

Ken-ST Moderator: PLAY hit target as well

jy ken, exited PLAY just noW> @13.01

Ken-ST Moderator Update!

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

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

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

jvt kosp?

Ken-ST Moderator Update!

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

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

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

blk_lbl vrtx

Ken-ST Moderator Update!

Ken-ST Moderator: CANCEL SYKE ALERT

Ken-ST Moderator: JOBS has another valid lod alert

Ken-ST Moderator: gj jy

annabellab has logged out

Ken-ST Moderator Update!

annabellab has entered DayTrading Chat

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]AMLN 45.21[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]AMLN 45.21[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]AMLN 45.21[/b]

gman has logged out

gogo has logged out

gman has entered DayTrading Chat

gogo has entered DayTrading Chat

Ken-ST Moderator: WB

Ken-ST Moderator: We will hold off on any TEVA hod alerts

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PCLN 29.33[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PCLN 29.33[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PCLN 29.33[/b]

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]AMLN 45.21[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]AMLN 45.21[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]AMLN 45.21[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CUTR 23.86[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CUTR 23.86[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CUTR 23.86[/b]

Ken-ST Moderator Update!

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

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

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

karen has entered DayTrading Chat

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]AMLN 44.69[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]AMLN 44.69[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]AMLN 44.69[/b]

Ken-ST Moderator: gm karen

karen hello - got booted so had to come in as another username!

kcooksley has logged out

James-ST Moderator: wb karen

Cale has been kicked out of the room

James-ST Moderator: JOBS new LOD

Cale has entered DayTrading Chat

Ken-ST Moderator: Cale just sent an email saying he was stuck

Ken-ST Moderator: so i booted him

Cale has logged out

jvt has logged out

JohnnyQwest gj

chrysler Did you smile when you booted him Ken?

Cale has entered DayTrading Chat

jvt has entered DayTrading Chat

Cale ty Ken

Cale got stuck

JohnnyQwest wb

rdub recommended JOBS stop?

Cale ty

Cale I think Ken just wanted to give me the boot

Cale :0

Ken-ST Moderator: I wont lie, it did feel good

Ken-ST Moderator: jk

blk_lbl i got your back cale

j5 hehe

Scott-ST Moderator Hi

Ken-ST Moderator: 15.69

Ken-ST Moderator: Hi scott

blk_lbl i will throw ding dongs at their heads

Scott-ST Moderator: LOL

rdub hanks

rdub t

Ken-ST Moderator: yeah, the buttons are fun to play with

Cale ty blk

j5 lol

jvt i must be in the wrong stocks

j5 rough day today

blk_lbl no more trades for me until 11:20

jvt so far i'm the expert at picking our losers so hopefully this afternoon i can pick it up

James-ST Moderator: rough day, no doubt, Fed uncertainty.....choppy action

James-ST Moderator: Yell out any stocks of note or personal trades

Scott-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]GIGM 9.79[/b]

Scott-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]GIGM 9.79[/b]

Scott-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]GIGM 9.79[/b]

Scott-ST Moderator Short!

Scott-ST Moderator Update!

Scott-ST Moderator Update!

Scott-ST Moderator: Hey my first alert

Scott-ST Moderator: :)

j5 yeah pretty good

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

Ken-ST Moderator: lol

blk_lbl clap clap clap

Ken-ST Moderator: gj

blk_lbl nice work

DavidBer golf clap

James-ST Moderator: lol

Cale wow dude, you are catching on right away

rdub under $10 OK?

Scott-ST Moderator: ty ty ty

Scott-ST Moderator: [b]takes a bow[/b]

dp has logged out

annabellab 2 winners - 0 loosers today.... thanks. Ken, James, and Scott

Scott-ST Moderator: I know that GIGM is under $10 but we were looking at the stock when it was above

Scott-ST Moderator: gj Annabell

jvt stop on amln

Scott-ST Moderator: fyi GIGM is not getting close yet

Scott-ST Moderator: 44.69

rdub ok Scott thanks ... just checkin'

j5 has logged out

DavidBer argh, anna - one loser CUTR and a push on QCOM

Scott-ST Moderator: nice DavidBer

DavidBer How is that nice?

James-ST Moderator: July was the second hottest month in US history (1936).

James-ST Moderator: lol scott, wondering the same thing davidber

Scott-ST Moderator: better then 2 Loosers DavidBer

James-ST Moderator: true

DavidBer Had to reach for that answer didn't you?

James-ST Moderator: lol

Scott-ST Moderator: lol

Scott-ST Moderator: Need to know when to cut your losers

Scott-ST Moderator: at least they still are not running for the worse right?

jvt i on other hand got 3 losers and currently qcom and amln so hopefully those work out or i'm near my 7%

chrysler I haven't done any trades today as I have light showers in the area and am worried about losing my internet connection (since I use satellite).  Tempting to drive to town (10 miles) and use the library free DSL for this afternoon but will see what the weather is like at that time.

Scott-ST Moderator: and I will take a push/breakeven anyday over a lose

DavidBer CUTR is too thin for me - I broke one of my rules.  Sorry JVT

jvt at least it's at the beginning of the month

blk_lbl colm

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CUTR 22.99[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CUTR 22.99[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CUTR 22.99[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CUTR 22.99[/b]

DavidBer Wish I would have broken another rule and held my short in Hans overnight

Ken-ST Moderator: wow, that stock tanked from the last half hour when we were in

Ken-ST Moderator: and still going

Ken-ST Moderator: and market is overbought rightnow

j5 has entered DayTrading Chat

Ken-ST Moderator: wb

Scott-ST Moderator: Hindsight is 20/20 DavidBer

DavidBer CUTR has 380k in volume, I accounted for about 5% of it.

jvt what's stop on amln

karen has logged out

Scott-ST Moderator: 44.69

kcooksley has entered DayTrading Chat

Scott-ST Moderator: wb

kcooksley ty.  My cable company is changing to TimeWarner and I've been noticing some drops.  Great timing, as I'm just now getting into this game!  <grrrr...>

Ricky Scott, few year back i bought AMLN at 1.25, 10K shares.  Went to .75 and bought another 10K shares.  If only I had heald it, but then...

nin georgie sorry

nin teva close

Scott-ST Moderator: Understand Ricky

stevie24 short hans to hell

Ken-ST Moderator: arghh kcook

Cale wow

Scott-ST Moderator: hindsight hindsight hindsight....

DavidBer Pfft, talk about hindsight,  a few years back (read as 2000) I wanted to buy 1000 Leaped Puts on JNPR @ 220.  They were less than a dollar.

Cale here comes the chop chop chop

Ken-ST Moderator: oh geez david

j5: [img id=em-0]

DavidBer A friend who was a former floor trader called me an idiot.

Scott-ST Moderator: you would have been one rich man DavidBer

DavidBer I rub it in on occassion.

j5 has logged out

j5 has entered DayTrading Chat

James-ST Moderator: i would always short JNPR......

James-ST Moderator: great stock back then

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator Short!

jvt gigm

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]GIGM 9.79[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]GIGM 9.79[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]GIGM 9.79[/b]

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

JP KOSP LOD?

DavidBer no shares avail :(

Ken-ST Moderator Update!

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

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

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

Ken-ST Moderator: nice JP

Scott-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]GIGM 10.01[/b]

Scott-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]GIGM 10.01[/b]

Scott-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]GIGM 10.01[/b]

Scott-ST Moderator Update!

Cale remember that Uncle Ben is on today:)

Ken-ST Moderator: lol

conanboxer They are saying that the market would not move even FRB poses...because the statement will accompany some hawkish comments.

j5 has logged out

conanboxer So funny...these reporters on CNN are trying to cover their ass...just in case..

Cale Ken, Scott, James, do you guys think that the news is already built into the market for the Fed?

James-ST Moderator: Dead market.......2:15 Fed gang.....so dont expect much

James-ST Moderator: May not have much action even after Fed today.......my guess is tomorrow cale

Scott-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]GIGM 9.91[/b]

Scott-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]GIGM 9.91[/b]

Scott-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]GIGM 9.91[/b]

Scott-ST Moderator Update!

Scott-ST Moderator Update!

Ken-ST Moderator: HOLX new lod

Cale just wondering

Cale unless the Feds raise the rates again

jvt tgt for holx under 40? 39 something?

conanboxer And they are saying that FRB raises and says it's done....the market will go up...

Cale Scott if hindsight is 20/20 can i just do it until I need glasses?

Scott-ST Moderator: sure just keep it to yourself plz

James-ST Moderator: PST new HOD

James-ST Moderator: PSTI

Ken-ST Moderator Update!

jy AMLN stopped out.(

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

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

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

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

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

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

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

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

Scott-ST Moderator: [b]STOPPED Consider exit in[/b] [b]AMLN[/b]

Scott-ST Moderator: [b]STOPPED Consider exit in[/b] [b]AMLN[/b]

DavidBer bad day in bedrock

Cale LOL Ken, ya just keep moving the stop

Cale that will get us to the End!!!

James-ST Moderator: yeah, worst day for us in awhile

Ken-ST Moderator Update!

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

Ken-ST Moderator: CANCEL ALL TYPE B ALERTS

DavidBer I am not arguing - the run has been great and profitable - we win everyday and you will get a visit from the sec

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

Ken-ST Moderator Update!

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

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

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

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

jvt k guys i think tha'ts it for me today hit my 7% loss

jvt gl today

Ken-ST Moderator: sorry jvt

Scott-ST Moderator: later jvt

James-ST Moderator: tc jvt

jvt np still beginning of hte month..i'll be around just not trading

Ken-ST Moderator: when things go south, tighten up and play thingsmore conservative

Cale dont leave me JVT

Cale I need someone to chit-chat with

jvt i'm still around just not trading

DavidBer blk is quiet today

jvt told myself max loss per day 7%...never really hit it until now

Scott-ST Moderator: I was just thinking the samething David

Cale he must be drunk

Cale has logged out

jvt blk is done till fed numbers i think

Scott-ST Moderator: jvt good to have a money management plan

Ken-ST Moderator: avoid over trading to make back losses

jvt also first loss this month so a shocker

Ken-ST Moderator: on days like today things can get exponentially worse

Cale has entered DayTrading Chat

Ken-ST Moderator: mostly because there is very little opporutnity anywhre

Cale ty

Ken-ST Moderator: even in the futures

Ken-ST Moderator: wb

Lorden has logged out

jvt cale get booted

Stan has entered DayTrading Chat

Stan hey I am back

Ken-ST Moderator: hey Stan

Ken-ST Moderator: wb

Cale look Its Stan

Cale hey Stan

Stan ty

Cale stan the hamster

pancho has logged out

Cale has James been feeding you well?

Stan ya getting Fat, thanks James

Scott-ST Moderator: Hello Stan

rdub the days not over yet ... I figre i we have some nice triggers in place jus before the Fed, we could get some good momentum 1 way or the other

Scott-ST Moderator: could be rdub

Ken-ST Moderator: yeah, after the fed announces we will let the dust settle

Cale Stan you gong to hang with us for a bit?

Ken-ST Moderator: and then we may have some decent alerts

Stan nah, i have to get back to my cage

Cale doh

Cale you missed blk, not sure where he is

Ken-ST Moderator: PSTI new hod

Stan later everyone, back to the cage

Stan has logged out

Ken-ST Moderator: HOLX just off the lod

Ken-ST Moderator: bye stan

Cale Ken is stan an old timer?

the-Don has entered DayTrading Chat

the-Don GM all

James-ST Moderator: hey don

Scott-ST Moderator: Good Morning Don

nin teva moving up

Ken-ST Moderator: Stan has been a member for a long time

Cale hey sleepy head

Ken-ST Moderator: pops i and out

Cale ya I just saw that nin

Cale in and out?

Cale you forgot your n Ken

Ken-ST Moderator: n

Ken-ST Moderator: ty cale

Ken-ST Moderator: HOLX new lod

Ken-ST Moderator: any questions gang?

Ken-ST Moderator: market may be in holding pattern until feds come out

Scott-ST Moderator: The Market sure would panic if they do raise today

Ken-ST Moderator: or

Ken-ST Moderator: they would say, "ok now must be the last time,  we dont have to worry anymore

Cale LOL

Cale its always the last time isnt it?

Ken-ST Moderator: seems like it

gman has logged out

Ken-ST Moderator: To me the market is in a technical pattern and will play itself out regardless of the news

joy hoew long till feds report?

jvt 215

Scott-ST Moderator: 2:00 EST under 3 hrs

Scott-ST Moderator: 2:15 est

Scott-ST Moderator: ty jvt

joy has logged out

Scott-ST Moderator: http://online.barrons.com/public/page/barrons_econoday.html

Scott-ST Moderator: then click the Today's Calendar

jvt wow holx

DavidBer qcom flipped to a long :(

the-Don GM short???

jvt holx new lod

Ken-ST Moderator: GM total range

alex has logged out

Ken-ST Moderator: tough

rdub GIGM stopped

Scott-ST Moderator: [b]STOPPED Consider exit in[/b] [b]GIGM[/b]

Scott-ST Moderator: [b]STOPPED Consider exit in[/b] [b]GIGM[/b]

Scott-ST Moderator: [b]STOPPED Consider exit in[/b] [b]GIGM[/b]

Scott-ST Moderator Update!

Scott-ST Moderator Update!

Ken-ST Moderator: choppy day

Scott-ST Moderator: Sorry Gang [img id=em-9]

Ken-ST Moderator: these days will happen

Ken-ST Moderator: its how you react to them that defines you as a trader

Ken-ST Moderator: very easy to let things get out of hand

Ken-ST Moderator: remain disciplined gang

Ken-ST Moderator: few trades

Cale no trading today, buecause of Uncle Ben

Cale taking Fridays off from trading too

Ken-ST Moderator: good idea Cale

Cale Scott Update the Table on the left for GIGM

Scott-ST Moderator: working on it

the-Don GM short working again

the-Don rdub u get that

Bry has logged out

rdub sorry, no Don

the-Don shorted GM still going

rdub rough morning, sitting tite til Fed

the-Don k

the-Don big kick in the crystals today

Scott-ST Moderator: Good Call rdub

georgie Anyone in this room live in California?

rdub GM similar pattern to yest. CAL Don, remember?

Cale ouch

Cale hate when that hapens

DavidBer Santa Barbara for me Georgie

the-Don yes sir

rdub ty Scott

georgie Is that anywhere near Newport Beach?

Ken-ST Moderator: not sexy at all with the crystals

rdub coulld be supp .50

Ricky San Francisco for me Georgie

DavidBer Newport Beach is just south of LA.  I am 100 miles NW of LA

georgie I'm coming to Newport Beach in September, looking for some info on places to go.  I will be on business but want to have some fun aswell

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DavidBer There are tons of things to do - You are close to everything

georgie Is San Francisco travelable by car from Newport Beach?  Always wanted to go there

nin david from miam ito la thats  a long way

DavidBer 400 miles and 9 hours probably

Ken-ST Moderator: Ricky you in SF?

DavidBer Yep, I used to live in Fort Lauderdale - so this is a long way away but went from 5 miles from atlantic to 2 miles from pacific :)

Ken-ST Moderator: that is my favorite city

Ricky it's probably about 8 hours north, along the coast.

Ken-ST Moderator: how hot has it been there lately?

DavidBer Currently it is 65 degrees here

Ricky San Mateo actually, but most are familiar with San Francisco.  Although i did grow up in San Francisco

Ricky 60's to 70's, the last few days

Ken-ST Moderator: I heard it got to 100 in that recent heat wave

Ricky Yep.

stevie24 Notice when upgrades before the bell seem to be good shorts when the market opens & downgrades before the bell seem to be good buys when the market opens?

Ken-ST Moderator: seems crazy

Ken-ST Moderator: I havent found any clear relationship stevie

stevie24 But ive been watching this for a while & I think its a good play every now & then

stevie24 MMs

stevie24 takin your money?

georgie Ken, why do you not play stocks under $10?

jvt what's a stop for holx if i thought it was a typc

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Cale Silvia

jvt silvia

Cale Huggs  xoxoxoxoxo

jvt wow hehe

jvt it's not rocky road?

jvt or rock and roll?

Cale I think she has a new Hair doo

jvt just for u cale

Cale ya babe

Ken-ST Moderator: georgie, you may still apply the strategy to the stocks at any price

Ken-ST Moderator: but, just to keep a good level of quality, we used that self imposed limit of 10

jvt georgie you drink beer?

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Ken-ST Moderator: wb

jvt you're going to newport beach, CA?

georgie No, strictly a wine person me

Ricky kind of tough to put a stop order on a low priced stock, such as under $10

Ken-ST Moderator: stocks under 10 have huge percentage moves as well

georgie yes going to Newport Beach

jvt you can go shopping at south coast plaza

jvt drinking at yardhouse

georgie ok jvt will note it, thanks

Scott-ST Moderator: a lot of stocks that we use for this Strategie move a fast with large movements so under $10 is very volatile

georgie I'm short BRCD at the mo, entry 5.09

the-Don jeez did BRCD used to be in the 30's

jvt that was maybe 4 years ago

jvt now ERS use to be a 60+ stock just in may now it's 13

georgie its really painful to watch

georgie and I wanna go and have a drink

the-Don ouch

the-Don another 1 was SUF which we played witha lot noow down to 5 and crappy vol

jvt oh yea i played that before..but dont like amex that much

the-Don it was a good mover few months ago

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Cale Hey Scott, you stil have the Table on the Left for GIGM wrong

Cale oh wait

Scott-ST Moderator: looks okay from here

Cale yep my bad nm

the-Don Ken any news on auto trade?

jvt yes please let us know KEN..

Ricky What's auto trade?

the-Don well u give all yr money to ken

johnboy ...and he gives you an auto

the-Don make him donald trump

the-Don ya auto as old as him

jvt kosp is back to 42

rdub and GIGM back down to entry

nin amln bach down

Scott-ST Moderator: GIGM[img id=em-9]

dp has logged out

the-Don WFII taking a pounding today

rdub hey Ken I have a question so could you please answer Don's first so I can be next in line ? .. lol

the-Don hee hee

rdub Ken's ignoring as again ...

the-Don sleeping

the-Don zzzzzzz = Ken

jvt ken busy eating

jvt must be eating a roast pig

the-Don some 1 tell him Angelina Joile has joined us

rdub or better yet Silvia

the-Don yaaaa

the-Don think all the moderators gone ...ok kids party

Ken-ST Moderator: sure Rdub

rdub Don first ...

rdub Donald?

Ken-ST Moderator: Auto Trade not setup yet

the-Don yaa but said soon just wanted to anytime frame

the-Don ?

Ken-ST Moderator: it was soon, but now to time frame

Ken-ST Moderator: but being worked on

the-Don thanks

Ken-ST Moderator: np

Cale cuz I just want to give Ken all my money and let him do better!!!

the-Don me2

rdub me 3

Ken-ST Moderator: we wil not be doing the trading

the-Don then whom?

Ken-ST Moderator: a third party brokerage will be doing the trades

Cale LOL did you see that Dell commercial??

Cale love it

rdub but th calls ... all about the calls

jvt ken will it be worldcup?

Ken-ST Moderator: no jvt

the-Don as long as its not DTT

Ken-ST Moderator: lol

Scott-ST Moderator: DTT??

the-Don still have knightmares about them

the-Don rdub enlighjten scott please

rdub Ken put a filter on those initials ....  a dirty word

the-Don lolll

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Ken-ST Moderator: Ill whipser it to him

the-Don ya pls

rdub there u go, I didnt want to say

Scott-ST Moderator: [img id=em-0]

the-Don otherwise the chatroom will melt

the-Don WFII

the-Don .41 s

Scott-ST Moderator: KOSP working hard to get to LOD back into the gap

the-Don .25 out

rdub Ken can I slip imy question in here?

nin and  psti hod

jvt man u been holding that question for a long time rdub hehe

rdub i have a strong bladder ...

Ken-ST Moderator: sure

Ken-ST Moderator: go ahead

rdub thanks ... I assume you're sidelined on the futures til the fed..?

Ken-ST Moderator: y

rdub what do u think about a breakout play?

Ken-ST Moderator: on the futures?

rdub yes

rdub perhaps set triggers a couple points away on eother side ...

Ken-ST Moderator: It may work but too volatile for me

Ken-ST Moderator: there is just too much whipsaw that goes on

Ken-ST Moderator: I usually sit out until the dust settles

rdub do you think odds are in favor of a head fake or a straight directional move?

Ken-ST Moderator: man, so hard to say rdub, I couldnt even venture a guess

Ken-ST Moderator: most times the first move is a head fake though

Ken-ST Moderator: the overall bias ont he market slightly to the upside

Ken-ST Moderator: but

rdub ok, well thanks for your thoughts

Ken-ST Moderator: the market is at thetop end of range, and is overbought on daily

Ken-ST Moderator: mixed signal everywhere

Ken-ST Moderator: action for the gamblers imo

rdub ok thanks Ken

the-Don rdub watch cal and index

rdub ok

Ken-ST Moderator: ****yaaawwwn***

Scott-ST Moderator: LOL

Scott-ST Moderator: cant wait until 2:15 Ken?

Ken-ST Moderator: yup

Ken-ST Moderator: boring market today

Scott-ST Moderator: Tomorrow should have a bit more movement

Scott-ST Moderator: [b]NOT[/b]

the-Don its like watching "paint dry"

rdub hopefully a bit more in our favor :-)

Scott-ST Moderator: Don, or the Grass grow

the-Don come on guys any other phrases

Scott-ST Moderator: lol cant think of any

Scott-ST Moderator: JOB hod

Scott-ST Moderator: oops HOD for JOB is 17.20 not 16.20

Ken-ST Moderator: i'd rather be doing Sodoku, thats how bad it is

Ken-ST Moderator: nice and frustrating

Scott-ST Moderator: http://www.websudoku.com/

JP up or down after announcement?

Ken-ST Moderator: tx

JP I say down.

Scott-ST Moderator: UP

Scott-ST Moderator: as log as the pause

Ken-ST Moderator: I say we end up up after the announcment

Scott-ST Moderator: DOWN if they raise and down hard

Ken-ST Moderator: and down

JP and the start of a new downtrend when the fed comments about a slowing economy.

Scott-ST Moderator: yep

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Ken-ST Moderator: wb

georgie hope it goes down I'm still short in BRCD

JP in the money?

rdub anybody have any especially Fed-sensitive stocks they're looking to play off this thing?

j5 man what a rought day, down 8%, good thing I played my money management by the book

georgie yep

j5 i did missed the 2% profit, but also missed other losing trades, that's the way it is iguess

j5 ken, what's the worst day, if you remember?

Ken-ST Moderator: i think 8%

Ken-ST Moderator: feels like today though

j5 man! ok, i guess it could be worse

rdub that day ths past April Ken?

rdub think it was 7%

j5 how many days like this you think you might get per year?

Ricky J5, look at it this way, if made 8 trades, and they each lost 1%, that's only a 1% loss of the cumilative amount.

j5 thanks ricky, but it doesnt help me

j5 if i got you right?

jvt j5 u sitting out too?

j5 no way, i'm out for the day

j5 i had a feeling this morning,

jvt yea trying to wait and see what happens

j5 with the fed and all, i had lower my day target even

Ken-ST Moderator: I think over the past 2 years we may have 3 or so

j5 ken that's great!

j5 that's really encouraging, i'm setup for max 7%/day, so worst case of 3 bad days in a row would be around 21%

Ken-ST Moderator: yeah by far we have had a lot more great days than bad

Ken-ST Moderator: the thing is we cannot have one strategy for all type of market conditions

Ken-ST Moderator: we have one that fits most

j5 i really need to figure out some kind of slipage accounting, i havent' done that yet

Ken-ST Moderator: and we cannot alter and fuss with it trying to make it profitable all the time

rdub Ken did u try to lighten up the # of trades on days when u expect it to be fairly tight?

j5 ken, i mean the system is great. you're right, if you tried to improve it, you would only make less genereic, so probably less overall return

j5 i was going by the stops, tyring to keep my commitment loss to 2% of my account per trade

rdub (I meant "do you.." not "did you..." )

Ken-ST Moderator: we do forego less favorable setups on these days

j5 as you can see all the table stops are way under 2%, ofcourse you're gonna get great slipage on market stops at hod or lod

j5 yes, rdub, i do and i did also

Ken-ST Moderator: if you note my comment before the market open, i mentioned how trades should be more conservative today

j5 i've been really good boy since i got burned a while back

Ken-ST Moderator: days like today its like insurance when you cut down on capital

bearrally has entered DayTrading Chat

j5 yes, ken, that's when i lowered my target profit. I had a feeling about staying out, but what can i say

bearrally wow, really bad day today

Ken-ST Moderator: hey bear

j5 no kidding

bearrally bernanki speak today

j5 is there any kind of money manangement software or system/spreadsheet available anywhere

j5 i would also like to have a more efficient way of tracing my trades

j5 tracking

Scott-ST Moderator: oh you mean Uncle Ben?

j5 hah?

Cale hey thats my line

bearrally more of idiot ben

Cale lol

Scott-ST Moderator: j5 would you consider something online?

j5 sure, you got something?

Scott-ST Moderator: been thinking about building something for the site here

bearrally Scott, that idiot cost me a lot of money, he ain't my uncle

j5 i have gainskeeper, but that's more for taxes

j5 hey cool

Scott-ST Moderator: but need to run more buy Ken

Scott-ST Moderator: LOL okay Bearrally

bearrally i am kinda miss greenspan

Cale why?

j5 i've been buliding a spreadsheet, but still needs lots of work

Cale Greenspan didnt do much diff

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Ken-ST Moderator: lol bear.  Yeah I kinda miss Clinton too

Lorden has logged out

Cale wow Stacey Gilbert is a hottie

bearrally he is more predictable

bearrally i am so use to him

j5 also i would like to keep a kind of journal of trades so that i can evaluate my strategies

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j5 the one downside is that it increases the work load, when trading

annabellab J5 i love this softwear, http://www.sspi-software.com/stockcalc_win.html

j5 cool let me check it out

j5 tx anna

Ken-ST Moderator: helo hc

Scott-ST Moderator: j5 your looking for a history of trades right?

annabellab good idea about the journal.. good to have a daily ageda.. write down every trade, why you went in, and why you exited, and if it didnt work, write down why you think it didnt work.

j5 that too scott, i'm not currently doing that actively

j5 i mean like detailed history, i obviously have records for my taxes

Ken-ST Moderator: what is important to is that you writeyour rules down.  write your disciplines down.

j5 yes anna, i've been reading lots of books, trying to make it more objective

Ken-ST Moderator: read them aloud to yourself every morning

Ken-ST Moderator: it is a must

Ken-ST Moderator: it will make a huge differencein your trading

bearrally yeah, 90% of the time you never follow them

johnboy like "this if my rifle, there are many like it, but this one is mine"

j5 what's the saying, plan the trade and trade the plan, or something

bearrally jy is the only person i know sticking to it

bearrally jb, lmao

johnboy thanks to Cale, now the only post it note I have is "it puts the lotion in the basket"

Ken-ST Moderator: lmao

Cale heheh

Ken-ST Moderator: ok, gang, I need to step away.  I will be back shortly

j5 thanks anna for the link, i'll give it a try, i track most of that info on my spreadsheet, but i'm sure the have somehting i don't

Cale dont for get "[i]it rubs the lotoion on its skin or it gets the hose again[/i]"

annabellab k j5..

Scott-ST Moderator: wow SYKE HOD

jvt syke

pepe has logged out

Cale bye pepe

Cale see ya tomorrow pepe

joy has entered DayTrading Chat

jy SYKE just spiked up from 19.25 to 19.69 in a min.

georgie I'm really sad I've got spreadsheets with every trade swingtrades has posted since I joined, I really must get a life

rdub lol Georgie

j5 that's cool georgie

georgie promise I'm not a geek

j5 let me guess: a nerd?

j5 lol, no problem man, there's lots of us

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georgie used to be fairly normal til I started trading in the stock market

rdub qeirgie you're 1 step better than me ... at least you're using pread sheets..

j5 hehe,

georgie I love spreadsheets.  My accountant has just told me that we have got to record every single transaction separately on my tax return.  Do you have to do the same in US?

j5 thats' cool just keep it in perspective, it actually takes me a few prcious seconds to keep it current, somtimes i've missed trades

johnboy georgie, if you find this funny, then yes you are a little nerdy.............but don't worry, we're in good company in this room............well, here's the test: http://poetry.rotten.com/pumpkin/0007/

Ricky Haven't been here for long but the trick, as i see it, is to be fast enough to follow the instructions from the moderators.  Can't quite do much of an analysis  when the entry to exit is less than a minute.

rdub yes we do

j5 georgie, try gainskeeper, that's great

j5 way of tracking all trades and comisions automatically for most brokerages

jvt gainskeeper?

j5 yeah, check it out gainskeeper.com

georgie johnboy, lmao

j5 it does your schedule d automatically

georgie thanks j5,

j5 it downloads directly from your brokerage

j5 sure, it's great, i think it has some basic tracking of profits etc

georgie do you have to report the same in US then, every single trade?

j5 also,

j5 as far as i know yes, every single capital gain transaction,

j5 or loss for carryover

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georgie tedious, not sure if gainskeeper will work for me cos UK tax is different but I'll have a look

j5 you can imagine the paperwork if you were to doit by hand with confirmations, lol

trdr45 Hey   KEN -JAMES

johnboy wow, that seems like a hassle.......in Canada you can't daytrade and claim capital gains.........but rather like a business with a net profit/loss at year end

j5 k georgie, also there must be other companies doing the same thing

bearrally it is really screwy in the US

bearrally they screw you either way

j5 what johnboy? you can't daytrade and claim capital gains?

johnboy nope

bearrally 3k a year for losses, but all taxable if you have gain right on the teeth

georgie same in UK bear, I've just paid tax in France on selling two houses and will have to pay tax again in UK, that sucks

j5 bear, on the otherside, the market here is awesome, so who's complaining,

rdub Ken/Scott ... no alerts before Fed?

j5 what about the EU georgie, what's the point then?

JP KOSP and CUTR are both back near HOD

jvt so where does everyone think we going from here

JP down

j5 with the interenet, jsut got to find a good country to trade from, i guess

jvt nas close down 2065?

bearrally i my opinion, a profit is a profit, long term or short term.  What? they want you be be a bag holder?

bearrally if you buy a stock intended to be long term.  it is up 20% in a few days, they expect you to hold until bk?

j5 no way jvt, i think up, too many problems: iraq, lebanon, economy, they can't keep slowing down the economy, also that pipeline, going into huricane season, etc

georgie exactly j5

bearrally j5, market is not awesome, market here is a big scam, under a bigger scam

j5 some long term is ok, is like an incentive to hold long, otherwise on massive saleouts, everybody would cash out completelly

bearrally you see enron and kmart?

j5 ofcourse, if that happened, some would see it as a great opportunity to buy

bearrally yeah, lucent was an excellent buy at 20, when it drop from 60

j5 the messed up thing about enron was that employees couldn't cash out their 401k, although i don't know all the details, if that happend at my work, i'll quit and rolle it over

James-ST Moderator: wow, more people play basketball in China than live in the USA

James-ST Moderator: unreal

j5 lol

j5 they're gonna take over james

James-ST Moderator: heheh yeah

johnboy no, James is going to China to sell basketballs

j5 ah, there you go! that's the spirit!

James-ST Moderator: i always joke that one day everyone will be Part Chinese and Mormon

j5 mormon?

bearrally they have a saying that if the whole world shut down their manufacture, and china is the only country that is doing it, they will never run out of labors

j5 bear isn't shorting bad for the economy?

bearrally shorting is un-american

bearrally lol

j5 HAHAHAHAHA

James-ST Moderator: yeah j5, just the way they go around looking for converts.....seems like a fast spreading religion, along with a fast spreading ethnic group

JohnnyQwest KOSP hit target

j5 let the go to china then

James-ST Moderator: "One day, everyone will be Part Chinese Mormons"

James-ST Moderator: lmao

bearrally j5, that was what i have been told

j5 kosp? you mean if it hadn't stoped?

trdr45 are you Mormon James ?

James-ST Moderator: no

James-ST Moderator: lmao

j5 hehe

bearrally trd45, he wishs he was mormon

bearrally lol

trdr45 hmmm

jy bear, how are you doing ?

j5 yeah, 'buy and hold' right?

bearrally jy, no trading today

Ken-ST Moderator: back

jy wow, you're good.

bearrally only trade afer fed is done

trdr45 ok Bear thnx ....you?

j5 hey ken

JohnnyQwest wb

jy any guess on how th emarket will do after the Fed.

j5 hey what do you guys tell people that you do for living?

bearrally jy, hanign around with you for a while, have to pick up a few good things

jvt whats with RCII

bearrally trd45, my god i $$$$$$$

bearrally lmao

bearrally is

j5 hehe, that's the root of all eveil

jy Scott, GIGM made profit.

Ken-ST Moderator: RCII just made a bolt to new highs

trdr45 yes the god of Commerce

j5 what was the retracement high, scott?

ms has logged out

trdr45 May he smile on all of us

j5 sorry i mean jy?

bearrally i believe in a higher being, but not to any religion

j5 i have my platform off

ms has entered DayTrading Chat

j5 to avoid needless tentation

Bry has entered DayTrading Chat

j5 i mean, do you guys tell friends/family that you trade for living, ?

bearrally and no man can tell me which god is right

bearrally because they are no difference than i am

j5 just curious that's all, i've been thinking about quiting my job, but people are already asking question since my wife stays home like how can you guys afford it etc?

kvr has entered DayTrading Chat

bearrally all religions teach good, those that inter it are the evil people

Ken-ST Moderator: j5, does it really matter what other people think?

j5 not to me ken, just wondering if you guys ran into this, you never thought about this/

j5 ?

Ricky has left the room

j5 well, the other thing ken, is what do you do if you want to get a loan or something, what do you do to show income? tax records?

Ken-ST Moderator: we create our own opportunities

trdr45 what is your current job j5?

Ken-ST Moderator: yeah, some accept tax returns

jvt we sitting on the sidelines?

j5 i have a desk job at a small company, we are extreemly  slow right now

Scott-ST Moderator: 5 min

j5 yes!

j5 cool ken, just fighting my  demons

trdr45 can you match your income doing this?

j5 my wife thinks we're gonna go broke and lose everything

jvt what's with cell

j5 still not 100% sure, but on average i've been making 3x as much as my trading

Ken-ST Moderator: CELL had earnings coming out today

trdr45 wow

j5 there's been drawdowns like today, so i need to keep that in perspective

jvt no wonder it pop

j5 this month i'll probably be down, hoping for even

bearrally j5, if you want to get a loan, if you have good credit, no one give a rat what you do

bearrally keep your score above 730

j5 what? whats going on?  i don't have my trading platform on

trdr45 how many mths you been at it j5?

j5 cool bear, that's what i was thinking,

j5 daytrading only since march, that's why i want to get a better track record, and longer

trdr45 yup

bearrally j5, you can say you are god and have bad credit, and i still tell you to go an take a hike

j5 i've been doing great, EXCEPT for some really sutpid mistakes like feeling lucky etc

bearrally j5, been there many time

jvt anyting anyone looking at playing off numbers?

bearrally believe it or not, I really like the way Ken and James are trading

bearrally but can't learn anything from them

j5 im hoping that if i can keep my composure, and become more consistent, then' ill quit, and go into trading and other bussiness

bearrally lmao

trdr45 yes most of us find out the only luck we have is not good.....

bearrally trdr45, your are so correct

Scott-ST Moderator: 5.25 stays

j5 yeah bear, i would pay to watch a video of them trading for like an hour in the morning

annabellab nice

conanboxer UNCHANGE ....pause

jy market movin gup just before Fed

Ken-ST Moderator: futures at hod

Ken-ST Moderator: and all the way back down

Scott-ST Moderator: lol

j5 that's encouraging trdr45/bear, i've also been reading a lot, and it seems like i've gone trhow all trading stages, so for now just trying to stablish my track record, so i'll let you know in a few months, or you won't see my nick no more i guess

Ken-ST Moderator: letting the dust settle

blk_lbl silliness

j5 we'll what's the FED

blk_lbl sillyness

trdr45 yup keep at it J5

Cale doveish?

Cale whats Doveish?

j5 tx trdr45, i'm trying

JP doveish = not aggressive

blk_lbl i woke up from my nap for that?

Cale LOL blk

Cale where ya been

Cale Nap what nap

Cale you can sleep when you are dead

Scott-ST Moderator: LOL

JohnnyQwest blk taking a nap WTF you have hard night

blk_lbl no sleepys

j5 remember in the hitchhikers guide, that guy was dead for tax porpuses, lol lots of tax jokes

j5 yes i knew it! unchanged

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]CUTR 24.51[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]CUTR 24.51[/b]

Scott-ST Moderator: Market HOD

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]CUTR 24.51[/b]

j5 what do i win, can i get my 8% back?

j5 ken, what's your take?

JP PCLN HOD?

Ken-ST Moderator: i wouldnt try it today j5

Ken-ST Moderator: there are many other days

j5 tx, i'll take your advice

Ken-ST Moderator: you cant look at it one day at a atime.  Focus  on executing a good trade

j5 but what do you make of the fed in general?

Ken-ST Moderator: nothing

Ken-ST Moderator: market in range

nin pcln ??

j5 that's the trader!

j5 i dont' eveny have my platform software running

James-ST Moderator: HEADFAKE SO FAR

James-ST Moderator: oops

Scott-ST Moderator: AAPL not doing so well

James-ST Moderator: market sliding

James-ST Moderator: GOOG down 6 bucks in a minute

JP It's not close but watching HANS for a new LOD

jvt qcom

j5 down?! wth? i hear you ken, crazy whipsaws, that was the problem this morning

Scott-ST Moderator: markets at LOD

allegro_bob qcom

Cale hold onto your hats

georgie BLT heading for new LOD I know it's under $10

Cale its ride isnt over yet

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]GIGM 9.61[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]GIGM 9.61[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]GIGM 9.61[/b]

Ken-ST Moderator: market new lod

j5 watch those whipsaws, crazy day, is the market volume going up or anywhere?

Ken-ST Moderator: crazy

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]GIGM 9.61[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]GIGM 9.61[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]GIGM 9.61[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]GIGM 9.83[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]GIGM 9.83[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]GIGM 9.83[/b]

j5 i'm following on sidelines, lets see what hapens to gigm

Scott-ST Moderator: [img id=em-10]

j5 cool scott

johnboy good luck this afternoon guys, see y'all tomorrow

Scott-ST Moderator: have a good one Johnboy

johnboy has left the room

j5 that's your baby

JohnnyQwest laters jb

Scott-ST Moderator: it seemed to slowdown

j5 what scott?

Scott-ST Moderator: GIGM

Scott-ST Moderator: exit target is 9.51

annabellab has logged out

j5 yeah, them whipsaws, watch out for getting stopped out, may have to widen stop and lower position

allegro_bob might want to fix listing to the left on cutr

j5 that's kind of what happened all day today

Cale I am w/ you j5 waiting on the sidelines

j5 cool cale,

blk_lbl man why didn't they just raise again and get it over with

Cale lol

Cale and take the market

Cale that would be too funny

Cale talk about a bear if the raised

j5 i don't even know waths going on, no software, reminds me of a couple of times that i had to close my positions on the web cause having trouble with my platform software

Scott-ST Moderator: I think there was too much pressure to not raise

blk_lbl agree scott

j5 yeah,

blk_lbl they would have been calling for his head

JohnnyQwest yapper

blk_lbl but still his job is to fight inflation

Cale and crystals

blk_lbl not win popularity contests

JohnnyQwest yapper

j5 that's obvious now ofcourse, but if they had, they would have been getting grilled with critisism

j5 balance the economy, sometimes it means to raise rates, sometimes to lower, just gotta be able to call it right more often than not

blk_lbl j5 their top priority is to fight inflation

blk_lbl even sometimes at the expense of leveling economy

JohnnyQwest blk were you floating down whiskin river last night???

j5 wow gigm close

blk_lbl not last night.... but i couldn't sleep

JohnnyQwest feeling better now

blk_lbl yapper

blk_lbl even though i still feel asleep from nap

j5 yeah major whipsaw there, i have to keep refreshing my web portal. How did they do it 100 years ago?!

blk_lbl my head feels like a brick

blk_lbl lol j5

blk_lbl no kidding

j5 hehe

Ken-ST Moderator Update!

j5 i know, what a world

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]AMLN 43.17[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]AMLN 43.17[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]AMLN 43.17[/b]

blk_lbl guess they didn't do much chart reading

Cale chop chop chop

JohnnyQwest you and cale were flying high yesterday afternoon

blk_lbl lol

Cale man the need to Sh%@ or get off the pot

j5 it seems that with wider stops most of the setups would have hit, of course when stop=HOD/LOD, i wouldn't stop beyond that

blk_lbl we were high on ding dongs

j5 ding dongs?

Cale dude, I cant eat any more

Cale 2 boxes in a week is my limit

blk_lbl lol

blk_lbl i seriously still have to go get some

JohnnyQwest lmao

Ken-ST Moderator: lmao

Ken-ST Moderator: market back up

Ken-ST Moderator: this is insane

conanboxer Now DOW is green

blk_lbl here it comes back down

conanboxer Market does not know what to make of it

j5 there's no leadership, only sheep

j5 going to be slaughter

rdub and through it all SLAB still didn't trigger ...

Cale I still what to know what Dovish is

j5 i sill don't know how i might have been able to guess the market might behave like it did?, there's action, just aimless directionless i guess

j5 lot's of people getting slamed today, brokers rolling in the dough

jvt has left the room

Scott-ST Moderator: exactly j5, this market will shake everyone around

j5 yeah nuts

rdub is the AMLN alert posted in the box?

j5 no, it should be

j5 neither is the gigm