
**********************************************************
********** Good Morning Everyone
********** Fri October 13th 2006
**********
Thou shouldst eat to live; not live to eat.
- Socrates
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Steve: yes, although living to eat for short periods of time is fun
JQ: gm gang
Scott-ST Moderator: yes rwalsh
Gantra: happy friday
Scott-ST Moderator: cant go short because it would be in p/d range
JP: THQI?
Ken-ST Moderator: Its not a long in itself...but looking for the signal for it
Scott-ST Moderator: GOOD EYE JP
Scott-ST Moderator: ooops did it again
Ken-ST Moderator: gm momo, JQ, Gantra, jp, 888, Pontiff, nm, Spemin
nm: prosperous trading!
jorge: gm all
nm: hey jorge
Welcome to SwingTrades.com!
Cale has entered DayTrading Chat
Room is moderated
You can now talk
Scott-ST Moderator: **** Opening Bell ***
Scott-ST Moderator
Scott-ST Moderator
Ken-ST Moderator: ***********Market Assessment**********
Daily Chart: Above the 5 day EMA, Stochastics in uptrend
Hourly Chart: Uptrend with 20 EMA above the 50 EMA
5 min Chart: Uptrend with 20 EMA above the 50 EMA
Overall bias to the market is to the upside. Markets are in multi-year high territory. Futures currently showing a flat open.
Ken-ST Moderator: Good trading all
Steve DOW 12,000 - go baby go
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Buy at new high of the day on INFY 52.41
Ken-ST Moderator: Watching for Type B Buy at new high of the day on INFY 52.41
Ken-ST Moderator: Watching for Type B Buy at new high of the day on INFY 52.41
johnboy has entered DayTrading Chat
Ken-ST Moderator: GM JB
Ken-ST Moderator: GM CALE
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Buy at new high of the day on EZPW 43.18
Ken-ST Moderator: Watching for Type B Buy at new high of the day on EZPW 43.18
Ken-ST Moderator: Watching for Type B Buy at new high of the day on EZPW 43.18
Cale morning
johnboy good morning everybody
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy INFY 52.41
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy INFY 52.41
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy INFY 52.41
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Buy at new high of the day on SONC 23.21
Ken-ST Moderator: Watching for Type B Buy at new high of the day on SONC 23.21
Ken-ST Moderator: Watching for Type B Buy at new high of the day on SONC 23.21
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Short at new low of the day on ASPV 22.69
Ken-ST Moderator: Watching for Type B Short at new low of the day on ASPV 22.69
Ken-ST Moderator: Watching for Type B Short at new low of the day on ASPV 22.69
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Buy at new high of the day on THQI 32.11
Ken-ST Moderator: Watching for Type B Buy at new high of the day on THQI 32.11
Ken-ST Moderator: Watching for Type B Buy at new high of the day on THQI 32.11
DavidBer Stop on INFY?
Ken-ST Moderator: 51.99 LOD
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: STOPPED Consider exit in INFY
Ken-ST Moderator: STOPPED Consider exit in INFY
Ken-ST Moderator: STOPPED Consider exit in INFY
Steve yuck
Newbie Nooooo
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Pontiff you the man DavidBer
benbeth gm
DavidBer huh?
Ken-ST Moderator: What do you mean by that Pontiff?
Steve Pontiff just trying to make friends after yesterday
Pontiff Yup
DavidBer Sorry, I do not understand stupidity.
Pontiff ouch
Pontiff its lets pick on Pontiff day!
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Ken-ST Moderator: SONC is close
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy SONC 23.21
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy SONC 23.21
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy SONC 23.21
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Short at new low of the day on INFY 51.79
Ken-ST Moderator: Watching for Type B Short at new low of the day on INFY 51.79
Ken-ST Moderator: Watching for Type B Short at new low of the day on INFY 51.79
Cale Long SNDK
Steve Ken, INFY short target is in p/d range ?
Cale @58.22
Ken-ST Moderator: There is room under there
Ken-ST Moderator: Will not react on SFUN first break if it happens
DavidBer RUN SONIC RUN
driver watch for ASPV, moving fast
Ken-ST Moderator: its close
driver hit .76
driver but huge gaps
Ken-ST Moderator
Ken-ST Moderator: UPDATE: Moving stop to entry SONC
Ken-ST Moderator: UPDATE: Moving stop to entry SONC
Ken-ST Moderator: UPDATE: Moving stop to entry SONC
Ken-ST Moderator: INFY IS CLOSE
driver shorting INFY?
Ken-ST Moderator: If it triggers
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Buy at new high of the day on BPOP 18.85
Ken-ST Moderator: Watching for Type B Buy at new high of the day on BPOP 18.85
Ken-ST Moderator: Watching for Type B Buy at new high of the day on BPOP 18.85
JP SONC profit
Scott-ST Moderator: .44
Scott-ST Moderator: but risk nothing
driver lol
Scott-ST Moderator: take it if you feel its good
Gantra i begin to feel like i'm the only one getting slippage around here????
Gantra I want to be first in line to take profit!
driver i wasn't in SONC either
Steve gantra, INFY .04 going in, .04 going out - SONC .02 going in - Hope that makes you feel better, are yours comparable?
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in SONC
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in SONC
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in SONC
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in SONIC
Gantra my target is .47
Steve me too
driver gl u gamblers
Ken-ST Moderator: cool
Ken-ST Moderator: BPOP is close
Gantra for INFY .03 in and .04 out SONC .02 in
Gantra must be us TS people who get all the slippage LOL
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Short at new low of the day on THQI 31.69
Ken-ST Moderator: Watching for Type B Short at new low of the day on THQI 31.69
Ken-ST Moderator: Watching for Type B Short at new low of the day on THQI 31.69
Steve i wish it were as easy as switching brokers
DavidBer I put in a trailing stop loss on sonic - let it run!
Ken-ST Moderator: Keep eye on market
nm Ken, Scott..how about short EZPW?
Ken-ST Moderator: waiting for the 5 ema to come up just a bit more
Ken-ST Moderator: that is a nice bounce off the lows here
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Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Short at new low of the day on EZPW 41.56
Ken-ST Moderator: Watching for Type B Short at new low of the day on EZPW 41.56
Ken-ST Moderator: Watching for Type B Short at new low of the day on EZPW 41.56
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Ken-ST Moderator: market nearing the lod
Ken-ST Moderator: dont log out gang
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Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy BPOP 18.85
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy BPOP 18.85
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy BPOP 18.85
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
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Ken-ST Moderator: TYPE B Trade (Gap). Consider Short ASPV 22.69
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short ASPV 22.69
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short ASPV 22.69
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Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in ASPV
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in ASPV
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in ASPV
Gantra Wow...i missed both ASPV and BPOP because of my limit order...both were .05
jvt me 2 me 2
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2thdr eveything shoots passed my limit
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Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy THQI 32.11
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy THQI 32.11
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy THQI 32.11
Steve gantra, partial fill on bpop, .05 limit
jharms that's good in some cases, I got filled at 19 on bpop
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Ken-ST Moderator
Ken-ST Moderator: UPDATE: Moving stop on BPOP 18.49
Ken-ST Moderator: UPDATE: Moving stop on BPOP 18.49
Ken-ST Moderator: UPDATE: Moving stop on BPOP 18.49
Ken-ST Moderator
Ken-ST Moderator: UPDATE: Moving stop on THQI 31.74
Ken-ST Moderator: UPDATE: Moving stop on THQI 31.74
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Ken-ST Moderator: UPDATE: Moving stop on THQI 31.74
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Steve SONC - 1.1% cha-ching
Ken-ST Moderator: gj
Scott-ST Moderator: NICE!!
Scott-ST Moderator: taking 1/2?
Cale not me
momo infy on the move
Cale took 2% on SNDK
Ken-ST Moderator
Steve all out
Ken-ST Moderator: UPDATE: Moving stop to entry THQI
Ken-ST Moderator: UPDATE: Moving stop to entry THQI
Ken-ST Moderator: UPDATE: Moving stop to entry THQI
nm cmon infy
Ken-ST Moderator: playing it tight on THQI gang
driver u didn't sell, nm?
Ken-ST Moderator: market stoch down. market just at lod
Ken-ST Moderator
Ken-ST Moderator: CANCEL EZPW LONG ALERT FOR NOW
jy SONC small runner
momo cale- how do you trade sndk?
Cale with Shares
Cale did you want to subscribe to my news letter?
Cale lol
Cale J/K momo
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Cale I just play the FIbs on SNDK and see what its gong to do in the AM
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momo thanks. I trade it most days too
Cale its just too easy $$$$$
Steve david, still in sonc?
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Buy at new high of the day on MSCS 13.05
Ken-ST Moderator: Watching for Type B Buy at new high of the day on MSCS 13.05
Ken-ST Moderator: Watching for Type B Buy at new high of the day on MSCS 13.05
Ken-ST Moderator
Ken-ST Moderator: STOPPED Consider exit in THQI Breaven
Ken-ST Moderator: STOPPED Consider exit in THQI Breaven
Ken-ST Moderator: STOPPED Consider exit in THQI Breaven
Ken-ST Moderator: STOPPED Consider exit in THQI Breaven
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Buy at new high of the day on EZPW 43.18
Ken-ST Moderator: Watching for Type B Buy at new high of the day on EZPW 43.18
Ken-ST Moderator: Watching for Type B Buy at new high of the day on EZPW 43.18
Ken-ST Moderator: reissuing EZPW long here
Ken-ST Moderator: we have noted a tighter stop at 42.49
Ken-ST Moderator: if triggered
driver go away X, come back O
driver ty
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Ken-ST Moderator: gm Prime
driver INFY hitting previous LONG
davidber-2 is mscs stalled? No sales in a bit
davidber-2 nvm
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy MSCS 13.05
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy MSCS 13.05
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy MSCS 13.05
Newbie lol..
Newbie flew by my buy order..
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in MSCS
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in MSCS
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in MSCS
JP lol nice spike
Ken-ST Moderator: not your typical trade
Newbie did anybody get in that..
driver lol what the hell, you just say consider buy
2thdr no
driver noone got in that, unless they did early
Cale Whoot
Gantra get this...i had .35 slippage on MSCS!
Cale got in just a few pennys early
Cale nice
Cale ty Scott!!
jharms .43
Cale oh and Ken
Steve ouch, .35 slip - mkt order ?
Gantra ya ...ouch...
Cale I like to get in .01-.03 before the alert to make up for the slippage
Gantra i'm about to have a huge loss
Steve cale, I used to get in .01 early and got nailed too many times
Ken-ST Moderator
Ken-ST Moderator: UPDATE: Moving stop on BPOP 18.68
Ken-ST Moderator: UPDATE: Moving stop on BPOP 18.68
Ken-ST Moderator: UPDATE: Moving stop on BPOP 18.68
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Steve I think it works better to try and cover slippage on the exit, there is a psych reason the triggers are where they are
Gantra wow...that was an eye opener. Back to limits again LOL. Steve this is that business of false lessons i was talking about yesterday. I miss a few trades because of limits to i dump my limits. Then i get slammed on a stock like MSCS.
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Steve yep, had that happen yesterday, Ken posted +1.5%, I had -2.5%
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jvt durin the slow time remind me to ask you guys a few question on ts
2thdr think ASPV needs to be fixed on the table
jvt having lots of problems with it today
Steve np jvt
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Ken-ST Moderator: ty 2thdr
2thdr np
Scott-ST Moderator: ty 2thdr
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy EZPW 43.18
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy EZPW 43.18
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy EZPW 43.18
Ken-ST Moderator
Ken-ST Moderator: UPDATE: Moving stop on EZPW 42.49
Ken-ST Moderator: UPDATE: Moving stop on EZPW 42.49
Ken-ST Moderator: UPDATE: Moving stop on EZPW 42.49
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Gantra .06 slippage on EZPW
Ken-ST Moderator: SONC new hod
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Ken-ST Moderator: wb
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Gantra Ken, i filled MSCS at 13.40. Is there anything for me todo or should i sell out now to be safe?
Ken-ST Moderator: 12.82 is hte next tightest stop area
conanboxer AAPL looking to break the resistance at 76.80 area...
Gantra i'm out off that one. about a 3% loss. Friday the 13th for ya.
Ken-ST Moderator: executions come better with time. The decision to play markets or limits
Ken-ST Moderator: getting a feel for how thin a stock is
Gantra ya...that stock had already traded over 1 million shares. I expected it to be really liquid and not to any massive spiking. How wrong i was.
Steve yeh, but you will always have fast moving stocks like MSCS and ASPV just this morning
Steve gantra, did you get filled on ASPV? I didn't
Ken-ST Moderator: you can see by how many market makers are at each level. Also how many shares they are showing
Ken-ST Moderator: how fast the stock moves
Gantra no i didn't.
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Scott-ST Moderator: wp
Cale JP did you get snow last night?
Cale whos my Daddy??
JP Nope.
Gantra ken, what do i look for to tell whether a stock will break like mscs? A certain number of market makers?
Cale is that you Ken?
Cale I am thinking
JP Did you?
Cale just a light dusting
Cale turned to mush early this am
Ken-ST Moderator: ultimately you do not know for sure. You plan your trade as normal with the signals
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prime707 R U IN ANY STOCK
Scott-ST Moderator: who?
Steve Gantra, if it makes you feel better, I learned my lesson w/ mkt orders on options. Got filled on a market order on an option and was immediately down $2000 - it was an expensive and well learned lesson
Gantra snow is so fun! we don't get snow here in san diego. the weather here is so boring.
Ken-ST Moderator
Ken-ST Moderator: STOPPED Consider exit in EZPW
Ken-ST Moderator: STOPPED Consider exit in EZPW
Ken-ST Moderator: STOPPED Consider exit in EZPW
Ken-ST Moderator: I mainly used market orders on breakouts
Steve speaking of da$% market orders, .18 slippage on EZPW exit
Newbie I think I can taste my breakfasr in the back of my mouth
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Steve I think alot of this is DOW nearing 12,000 and market nervous/jumpy - Ken, do you agree?
Cale ack Newb
2thdr I'd love to have San Diego weather year around
Cale I do Steve, if that counts
Steve Cale, your opinion always counts
Steve but Pontiff only occasionally
Cale lol TY
Ken-ST Moderator: Gang EZPW still has a valid short at a new lod
Ken-ST Moderator: and the alert is still open
Gantra I need a second home. Being in one place causes one to acclimate to it. Much harder to smell the various fragrances and unique scents of a particular region.
Ken-ST Moderator: THQI short is still valid as well
Gantra when i first came to san diego, i could smell the salty brine of the ocean inthe air all the time. It was therapeutic. Now i don't smell it at all even when i'm walking on the beach!
Ken-ST Moderator: ah, I know what you mean gantra
jvt lol gantra
jvt yea i wouldn tmind a 2nd home
Steve OK, Both of you - enough, stop making the rest of us jealous
Gantra hehe
Ken-ST Moderator: nah, I know what he means by getting acclimated to the fragrances
johnboy Gantra, you don't need a second home. I know of a guy in the Upper East Side of Manhattan that would let you stay there anytime.....
Gantra LOL. uhhh....I'll pass. Thanks.
Ken-ST Moderator: hahaha
JQ lmao
Steve Kahn's has a major meat packing facility that I used to work down the street from in the summer - get used to that frangrance !!!
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Newbie BPOP :)
Gantra When i stayed at the dorm at my university, i would open the window and smell this unique scent that was overall kind of pleasant. It had a certain underlying malevolence to it that i could not quite put my finger on. several semesters into my stay, i realized i was smelling the building's garbage in the dumpster!
Ken-ST Moderator: lmao
Steve malevolence - you where an English major !!
Ken-ST Moderator: I have that experience ( not of the dumpster smells) when I visit the mainland. The air is crisper there. There is an underlying smell everywhere
Ken-ST Moderator: I love it.
Cale Steve your a ball buster
Ken-ST Moderator: lol Steve
Steve what, that was a complement
Gantra :)
Cale lol, just shows that I was not a English major by any means
Cale lol
Cale my bad Steve, sorry
Cale Bianna
Cale nice
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JQ Cant WE ALL just GET along lol
Gantra Ken, have you been near the volcanos or pyroclastic flows? is there a unique smell ? Or is it just a very burnt sort of odor?
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conanboxer Nobody talks about Ms. Lee.....I think she takes the longest time for makeup
Scott-ST Moderator
Scott-ST Moderator: CANCEL ALL TYPE B ALERTS
Ken-ST Moderator: I was near one when I was a lot younger. But I cant really say I remember any sort of odd smell.
Ken-ST Moderator: lol conan
Ken-ST Moderator: LA has a unique smell
Ken-ST Moderator: sorta like a faint smell of cedar to me
conanboxer Anyone drove on NJ Turnpike from towards Newark Airport....smells awful.... like Sulpher. Everytime I see Sopranos....I remember that smell
Ken-ST Moderator: never been
Newbie I know what your talking about Canon
Newbie I used to fly to NY every summer, to visit family
Newbie Althought there are many smells in NJ, that aren't pleasent
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johnboy The Chungking Mansion in Hong Kong (backpackers hostel) was the smelliest place that I have ever been.......worse than the dump...........and 44 deg Celsius just to add to the experience
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conanboxer Wow...I saw a movie called Chungking Express...it was pretty scary
Newbie Never been to Hong Kong, but will someday..
Cale NICE low of the day on THQI
conanboxer I was there once....it was fun. But shopping is not as great as people say...I would rather go to NY for that reason.
Ken-ST Moderator: gang the Lod alerts are not open, but the setups are valid. The time day makes it a riskier play
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Ken-ST Moderator: wb
Ken-ST Moderator: THQI new lod
Ken-ST Moderator: ASPV new lod
Ken-ST Moderator: market in tight range
driver BOBJ good LONG for LOD, Ken?
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Ken-ST Moderator: long for lod?
driver good to enter for LONG?
driver overall upward movement
Gantra driver, you mean HOD = High of day?
Ken-ST Moderator: the stock?
Ken-ST Moderator: or go long
driver stock is BOBJ, and im thinking go Long at 36.00
driver its at the Low of the Day, Gantra
Gantra ops...sorry. my mistake.
Ken-ST Moderator: It does not fit our strategies. It is at a support levelintraday
Ken-ST Moderator: however
driver ic, ty
Ken-ST Moderator: It looks risky to bank on that support
Ken-ST Moderator: imo
Ken-ST Moderator: Its an avoid to me
driver overall trend is upward movement, thats why i think it will go up
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Ken-ST Moderator: I see what you are saying. it does have a consistent trend above the 5 ema as of late. However a red flag was the surge to new trend highs yesterday and now a relatively good pullback
driver ok its an avoid for me now
driver tx
Newbie CALE when did you get out of SNDK today?
Ken-ST Moderator: cool
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Scott-ST Moderator: anyone have any questions
Scott-ST Moderator: comments?
Scott-ST Moderator: Stocks the want me to look at?
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driver ARNA
Scott-ST Moderator: I like the Daily Chart for sure
Scott-ST Moderator: swing trade or day trade driver?
driver im thinking swing, also thinking it will close above 15.10...so long at this price (15.00)
Steve Scott, I'm looking at your guys past perf, in 2005/2006 was 448% / 294%, given the number of trading days, that average about 1.8% / 1.5%
Steve Assuming these calcs are correct, and the fact that you guys aren't taking slippage and fast moving stocks into consideration, it doesn't seem possible to make 2% per day
Steve What's your opinion / insight
Ruben Scott: What are the worst day to trade? Wednesday and Thursday can be? I need to have 2 free day a week. Looks like James had said those days
Scott-ST Moderator: because we take profit at 1% and do not take into account anything over that i think it is possible to make 2%
driver i like wednesday the best
Scott-ST Moderator: Ruben, I would say Mon and Fri
Steve That would require holding past 1%, what suggestion would you have regarding how to approach that ?
Scott-ST Moderator: those days are the days that brokers/market makers take off for a long weekend
Scott-ST Moderator: look at today, slow and choppy
Gantra mscs is on the move
Ruben Thank you. So I will trade only Tuesday, Wednesday and Friday. Trading every day will drive me crazy!!!
driver Scott, although what Scott said may be an assumption, i think the 2%/day is just a good estimate...1.8% is close enough to 2. Also updating the site on a yearly basis i.e. 1.8% for last year would have been more correct
driver but that would just be a lot of hassle
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Gantra ya so basicaly the work week for a trader is 1st hour of Tues-Thurs. So that's 3 hours of work a week. That's a tough life!
Steve ruben, why friday and not thursday ?
Scott-ST Moderator: Steve thats a tough one to really answer, we stick with 1% as our strategy and understand that their can be runners
Ruben Steve: I said I will trade Tuesday, Wednesday and Thursday. I was wrong about Friday
Cale I dont like to trade Mondays
Cale too much emotion from the weekend
Steve OK, input from everyone would be appreciated. I'm looking at selling 1/2 at 1%, moving stop to breakeven and targeting 2% for other 1/2. Any other insights?
Steve Cale, emotions and hangovers !
Cale lol exactly
driver depends on the stock, but I do not have enough money to trade 3 times (buy, sell, sell) on every trade
Cale people buy cars on the weekend and need monday come monday when the market opens, they sell,
Cale thats just one example of mondays
Steve driver, not following, why more $ to set 2 targets ?
Cale most big ticket items are bought on the weekend as well as pay their bills and come Monday then need $$$$
driver i use tdameritrade, where it costs 10 bucks per trade ( buy or sell)
driver i spend about 500-1000 a trading week on commissions
driver doing what you said would raise it to 750-1500
Steve yeh, given your comm structure, that makes sense
driver you get charged per share, correct?
Steve I'm finding my comm+fees run about 25% of gross profits, how does that compare for others?
Scott-ST Moderator: but would you spend $10 to make $12 ?
Steve yes, per share 0.01 / 0.005 and it can get expensive on the cheap stocks
driver yes scott, thing is it wont avg out that way
Cale thats about me too Steve, sometimes higher
Steve Scott, no I wouldn't spend 10 to make 12 after taxes and risk, not good enough ROI
driver 20%
driver that is damn good
Scott-ST Moderator: lol thats what I was thinking 20% would work for me
Steve 20% is very good
Steve let me clarify 20% for fees good
Scott-ST Moderator: so you wouldnt give me 200 and wait for me to give you 240?
Steve Scott, do you mean 20% going back to your make 12 for 10 comment?
Scott-ST Moderator: its 10 for 12
Scott-ST Moderator: yes %
Scott-ST Moderator: what kind of ROI are you looking for??
Ruben Steve, What do you think BPOP moving stop to 18.80?
Steve If I get 240-200 = 40 then 25% goes to fees and 25% goes to gov't leaves 20 (or 10%) , yes the % looks good if you can get it
Cale if i bought a stock at 10 and it went to 12, I would be a happy camper
jy ASPV new lod
Cale Steve what % are you looking for??
Steve I think the challenge is the the win/loss ratio
Steve bottom line, I'm trying to get to 1.5 - 2.0% daily but having problems with slippage and fast moving stocks (like MSCS) bringing the % down
Scott-ST Moderator: win/loss ratio does not mater. I can lose 75% of my trades and still come out ahead
Scott-ST Moderator: matter
Gantra steve, i'm paying way too much for my primary intermeidate term account trades now with TS. I'm probably going to move those funds back to my e*Trade account where i pay around 7.99.
johnboy that's a neat trick Scott
Scott-ST Moderator: well its just money management
johnboy do you mean riding out winners compensates for the tight stops on the losers
Scott-ST Moderator: Cut your loosers fast and let the winners run
Scott-ST Moderator: yes
johnboy cut losers lose and let winners win
Cale i figure when i trade that I will get 1/2 of my picks right and 1/2 wrong
johnboy be one with yourself
Cale I just manage the loosers
Cale lol Johnboy
johnboy Do or do not, there is no try
johnboy I love cheezypuffs
Steve The other factor we haven't talked about is capitalization, if your trading $1,000,000 acct 1% works great, unfortunately I don't have a $1M acct and just trying to find the profitable balance that will let me do this for a living
Cale i love ding-dongs
johnboy nice
Gantra hehe sorry
johnboy what about swiss rolls
johnboy and garlic bread
johnboy man I am hungry
Cale not swiss rolls but yes garlic bread
Cale is it lunch time yet?
johnboy not swiss rolls, hmmmm
Cale seems like its been lunch time all day
johnboy halibut burgers?
johnboy with fries and guiness?
Cale yes fries but no guiness
johnboy what!
johnboy sissy
Cale milk
johnboy lol
johnboy just kidding
Cale guniess = a thick red steak
Cale hummmmmm
johnboy guinness = breakfast of champions
Cale now i am hungrey
johnboy me too
Cale lol
Cale maybe on my pancakes
Cale as long as its warm guiness
johnboy Cale, do you remember Ken's list of sayings (20 or so) of how to annoy people?
Cale lol yep
johnboy I use of those all the time at work, when my boss gives me a ridiculous list of things to do..........I ask "would you like fries with that"
johnboy I love that
johnboy maybe you can prod Ken into posting them again
johnboy cuz I have to go eat now that you made me hungry
Newbie wow. back in the game just got .38 out of MSCS
jvt no prob...see u guys next wk
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driver very nice newbie
Scott-ST Moderator: good job newb
Newbie IF it breaks .52..
Newbie do you think it my go up Scott.
JQ hey scott, what was your recommendation for anti-virus protection- i have to get rid of this norton
driver you going to flip it, newbie?
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Newbie Wow shot way up..
Scott-ST Moderator: that was a url for condoms, i was messing with johnboy
Scott-ST Moderator: ask him what solution he is now using...
driver very nice newb, going to keep it till 76?
Gantra HOD MSCS
Newbie I'm out..
JQ Great Scott!!!
jy MSCS ne whod ASPV new lod more than $1 from exit
driver nice play on it. you got in at 13.05?
jharms I just sold out at .50 on mscs. It came .01 from my stop/loss. that was nerve racking. I guess I should have held a little longer
Gantra nice move, Newbie. I need to do that. That thing killed me earlier.
Newbie But I'm very HAPPY
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driver lol, that made your week for sure, even if it was down week till now
Newbie BAck inot profit :)
jharms what were you in at newbie?
Newbie I was in @.12
driver lol
Newbie MSCS
driver wow
jharms I was @.43, was down 5% at one point.
driver nice trading newb
Newbie ty
driver tell me next time you do a crazy thing like that, i will join you
Gantra me too
jharms Newbie, have you been holding it since the initial trigger?
Newbie NO
jharms Did you just get in a few minutes ago?
jharms I've been holding it for about 2 hours, just about gave me a heart attack.
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Scott-ST Moderator: lol know that feeling jharms
Scott-ST Moderator: its all a time game
jharms I had a stop/loss at .79
Newbie2 I got in at 11:45 when 5min chart past the 20 EMA
Newbie2 for that second spike
driver what is ema
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jharms I thougt about buying more shares at 13.01 but have never been successful averaging down.
Scott-ST Moderator: exponential moving avg
driver tx
Newbie2 Exponential Moving Adverage
driver is that on every chart?
Scott-ST Moderator: yes you can use that on every chart
Scott-ST Moderator: 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.
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Newbie2 driver, you those setting they help ALOT
Newbie2 use..
driver ok tx
Scott-ST Moderator
Scott-ST Moderator
Scott-ST Moderator: UPDATE: Moving stop to entry BPOP
Scott-ST Moderator: UPDATE: Moving stop to entry BPOP
Scott-ST Moderator: UPDATE: Moving stop to entry BPOP
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Ken-ST Moderator: wb
Scott-ST Moderator: WB
rdub ty ... hello everyone
Cale hello rdub
rdub hey Cale
Scott-ST Moderator: re-scanning for type C's
Newbie2 MSCS just blew throught my limit order..
Gantra oh man...i'm missing out so bad on MSCS.
Ken-ST Moderator: will scan for type c shorts soon
Newbie2 Yeah I had a llimit at .74 blew right past it..
Gantra that stock you need to buy on the dips or before the BO.
Newbie2 OK
Steve it seems like it trades as a NYSE stock
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Ken-ST Moderator: wb
prime707 were is ur out on bpop
Scott-ST Moderator: entry
jy MSCS new hod
Scott-ST Moderator: same with the Markets
Scott-ST Moderator: New HOD
prime707 im just coming in I guess I mistit
Scott-ST Moderator: its okay, you should see it on the table
prime707 my computer use to have a sound when u trades when off how to I activate that
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Steve Ken/Scott, on your website you talk about basing trade size on set $ amt, not set # of shares. I do that, but your not suggesting trading odd lots are you?
Ken-ST Moderator: it does not have to be exact
Ken-ST Moderator: in general
Steve So, trade $10k or $25 per trade, but use 100 share lots - right
Ken-ST Moderator: yeah whatever is easiest for you
Steve ok
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prime707 what about the sound on my computer how do I activate that
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Ken-ST Moderator: lets open up short alerts early here
Gantra prime, you may have a small volume control icon bottom right side of your screen. double click it and adjust your volume and make sure main volume and wave controls are on
Gantra on the windows task bar along the bottom
Ken-ST Moderator: Rounding to the nearest hundred or so
Gantra Prime, or you can goto start menu/ control panel/ sound speech and audio devices and adjust the volume there
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prime707 thanks
prime707 I want to listen 4 $$$$ chachingggggggggg
Scott-ST Moderator
Scott-ST Moderator
Scott-ST Moderator: STOPPED Consider exit in BPOP
Scott-ST Moderator: STOPPED Consider exit in BPOP
Scott-ST Moderator: STOPPED Consider exit in BPOP
jy made some good prfit on SFUN short @22.14
Ken-ST Moderator: nice jy
Ken-ST Moderator: awesome
driver is the 20 ema going to cross mscs price ?
jy ty
driver or has it
jy pii
jy PII long @hod 42.92 ?
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Ken-ST Moderator: nah jy, market is too overbought at this turn time
Ken-ST Moderator: risky
Ken-ST Moderator: risque
jy ty
Ken-ST Moderator: [img id=em-8]
driver Ken, mscs short?
Ken-ST Moderator: it does not fit for a Type c for us
Ken-ST Moderator: no resistance on daily
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Gantra SONC HOD near
Ken-ST Moderator: we will wait until after 1:30 to evaluate that one
Ken-ST Moderator: market is just coming off hod
Ken-ST Moderator: sorry
Ken-ST Moderator: just off overbought
rwalsh bpop just got downgraded in case anyone is still in
Gantra where did you get that news?
Steve early weekend all - see ya monday
Ken-ST Moderator: cool steve ty
Ken-ST Moderator: you too
Gantra bye, steve
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rwalsh Gantra, Trade The News
Gantra thanks
rwalsh Think Equity from buy to accumulate
Gantra I have Dow Jones News but don't see the downgrade. to think i'm paying $90 per month for it too
rwalsh you have audio on Dow Jones News?
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Gantra text
jy I think the market is nut - may be it's trying to make another high
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conanboxer I thought we would see more profit taking because it is Friday.....
Newbie2 Valume is dropping.. This is typical for a friday correct..
Gantra cmed
Scott-ST Moderator
Scott-ST Moderator
Scott-ST Moderator
Scott-ST Moderator: TYPE A Trade (Breakout). Consider Buy CMED 26.31
Scott-ST Moderator: TYPE A Trade (Breakout). Consider Buy CMED 26.31
Scott-ST Moderator: TYPE A Trade (Breakout). Consider Buy CMED 26.31
Newbie2 missed that one..
Scott-ST Moderator: creeped right up on us
Gantra i went ahead and bought HOD. So i'm out now with 1%.
Newbie2 nice..
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prime707 is any one in the stock
Gantra ken/scott, what do you think of SONC?
prime707 is it to lake to b it @38
Ken-ST Moderator: extended
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Ken-ST Moderator: along wiht the market
Ken-ST Moderator: nice gantra
Gantra Ken, where did you grow up?
prime707 to late???? or can I still put a bid out there
Ken-ST Moderator: Maui
Ken-ST Moderator: which stock are you referring to prime?
Newbie2 MAUI NICE...
Ken-ST Moderator: ever been?
Gantra wow...so you have a history in Hawaii. How very nice.
Newbie2 No but dreamed about it..
Newbie2 One of my best friend goes yearly
Gantra I've never been yet. I had a friend who went recently and took a helicopter tour over the volcanos....said it was terrific.
Newbie2 LOVES it..
Ken-ST Moderator: all it takes to make it here is to make it a point to get here
Newbie2 So true..
Ken-ST Moderator: most people just talk about it and say one day. but if you really wanted to, its as easy as just coming
Newbie2 I get the point.. :)
prime707 cmed???? are we still in it right
Ken-ST Moderator: yes
Gantra That's true of life in general. It's a mistake to put things off too much. Sometimes that day never comes.
Ken-ST Moderator: 26.31
prime707 ur out
Newbie2 SNDK Falling
Ken-ST Moderator: you got it exactly right Gantra....its like that with life in general
Ken-ST Moderator: all it takes is decide what you want
Gantra I'm actually one of the worst about such things. I'm a major homebody. I'll think about traveling all over the place and then do nothing. meanwhile, the years just speed by.
prime707 any one in anythink
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Short at new low of the day on SFUN 21.10
Ken-ST Moderator: Watching for Type B Short at new low of the day on SFUN 21.10
Ken-ST Moderator: Watching for Type B Short at new low of the day on SFUN 21.10
Ken-ST Moderator: you read any success books, you will find the same formula
Ken-ST Moderator: in general
Ken-ST Moderator: it all starts with knowing what you want
prime707 any good books out there..thant I should buy (name)
johnboy I want Chuck Norris to roundhouse kick the S&P into the basement
Newbie2 LOL
Ken-ST Moderator: lmao
Newbie2 what are you short in?
johnboy ES
Gantra I want Chucky to roundhouse Chuck Norris.
johnboy s&p emini
Ken-ST Moderator: I am as well
Ken-ST Moderator: I would caution the longs here
Ken-ST Moderator: intraday
Ken-ST Moderator: the market is extneded
Ken-ST Moderator: and we are htting a good pivotal time of the day
Ken-ST Moderator: 2:00 turn
johnboy So, I have the solution to the problem of higher water levels in the ocean once global warming ramps up.........
Ken-ST Moderator: what is that jb?
johnboy drag the moon farther away from earth
Newbie2 WOW, look at VLO drop..
johnboy would that work?
Ken-ST Moderator: no jb, you have to always stay on the other side of the planet that hte moon is on
Ken-ST Moderator: if you do that, you will always be on low tide.
Ken-ST Moderator: its that easy
johnboy lol
Gantra you guys are BRILLIANT!
Ken-ST Moderator: nah, I wonder what the effect would be without the moon
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Newbie2 No tides..Hmmm..
johnboy I wonder if I could go up and put a billboard on the moon
johnboy visible from earth
johnboy make it look like a volleyball
johnboy with a big "Wilson" on it
johnboy or the Nike swoosh
rdub have to be one big ass billboard
Gantra Branson and Scaled Composites are making good progress on the new commercial spaceplanes. will cost $200k per ticket. building $200M spaceport in New Mexico.
prime707 could we ave. in on cmed???
Newbie2 Gantra are you serious?
Gantra yes....check the movie out at http://www.virgingalactic.com/
prime707 ?????? cmed ave..
Ken-ST Moderator: Imagine the amount of advertising dollars you would be paid to pull something like that off
Gantra SpaceShipOne already won the Ansari X-Prize (10 million prize) when it was the first commercially developed space plane to go into space.
Ken-ST Moderator: CMED ave?
Gantra launched from airport about 3 hours away from me in the Mojave desert.
prime707 buy more
Gantra history in the making. I got to save up for one of those tickets.
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Newbie2 VERY VERY interesting
Ken-ST Moderator: yes prime, that is always an option
Ken-ST Moderator: some may choose to scale in. As long as it is above our stop we stand by the trade
Ken-ST Moderator: Although as always when it is late in the day, you want to be paying attention to the market momentum
Ken-ST Moderator: Intraday Trend is Sideways to Down
kevin ken can you take a look at lrcx ..if it brakes its high of 51.49 will it go up
Newbie2 200K really is no that bad considering your going to space.
johnboy or spend ten bucks and go the planetarium
johnboy space would be a good place for people with sore backs though
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johnboy but how the heck could a snake move around in space
johnboy there must be no spacesnakes
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Newbie lol..true
Ken-ST Moderator: would not consider a long there
Newbie No longs right now right
Gantra jb, that's profound. However, i have seen some Star Trek episodes where there were some space slugs that were able to produce some sort of propolsion that got them around. So maybe there are space snakes.
Ken-ST Moderator: the market is just coming off overbought....not much time left in the day....and there is a significant top area not too far away
prime707 should we cover the cmed???
Ken-ST Moderator: the stop is 25.92 on that
Ken-ST Moderator: it is testing the uptrending MAs here. exiting here would not be giving the stock enough of a chance to play out.
johnboy space slugs?
johnboy that's nasty
johnboy when I worked on the West Coast of B.C. (south of Prince Rupert for you geography nerds), there were slugs over a foot long
Gantra kinda wormy looking. they did have some cute qualities, though.
Ken-ST Moderator: yikes
johnboy you'd be grabbing onto trees as you're climbing up cliffs
Ken-ST Moderator: the tightest stop I would suggest is 25.99
Ken-ST Moderator: but that is not much higher than the current stop
johnboy once I grabbed a slug by mistake......fell about 15 feet..........haven't liked them since
Ken-ST Moderator: what do you mean fell about 15 feet?
johnboy fell backwards down the slope
Ken-ST Moderator: damn
johnboy banged up pretty good
johnboy yet I never let go of the slug
johnboy weird
Ken-ST Moderator: I heard they are really good eating though
Ken-ST Moderator: lol jb
Ken-ST Moderator: nah, just kidding never heard it was good eats. Just wanted to see if someone would try.
johnboy lol
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Gantra was the slug alive at the end of all that?
johnboy I know they can't fly
johnboy yeah, the slug was alive (briefly)
johnboy I threw him into the ocean below
Gantra until you ate it, right?
johnboy so who knows
johnboy yuck
Gantra oh..
Gantra seriously, people eat just about everything out there....it's funny really.
johnboy don't go to Hong Kong if you have a weak stomach Gantra
prime707 market????looks
prime707 could we get a bounce?
Ken-ST Moderator: we are testing the uptrending MAs here. Found a little support there
Ken-ST Moderator: stoch approaching oversold but still in downtrned
johnboy have a good weekend republicans/democrats/Gantras.....see y'all next week
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Ken-ST Moderator: ok jb
Ken-ST Moderator: have a good one
Gantra considering that the only other way to get into space is to pay 10 to 20 million, 200k is a big leap forward. Granted, you spend less time in space...but it's still a good deal. and it will lead to even cheaper tickets and planes to get us up there
Gantra hehe....u 2, jb
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Ken-ST Moderator: SFUN is close
conanboxer Short or Long...what is the trigger price?
conanboxer It is not on the table
Gantra short 21.10
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short SFUN 21.10
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short SFUN 21.10
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short SFUN 21.10
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Ken-ST Moderator
Ken-ST Moderator: UPDATE: Moving stop on SFUN 21.43
Ken-ST Moderator: UPDATE: Moving stop on SFUN 21.43
Ken-ST Moderator: UPDATE: Moving stop on SFUN 21.43
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Ken-ST Moderator: any questions gang?
prime707 cmed...any thoughts
Ken-ST Moderator: Still in trend
Ken-ST Moderator: stop is at good area imo
Ken-ST Moderator: market coming up off oversold
Ken-ST Moderator: market taking a small surge above the 5 ema
prime707 can I buy some more cmed
Ken-ST Moderator: that is up to you , but we suggest a stop of 25.92
Ken-ST Moderator
Ken-ST Moderator: Cancel all alerts
Ken-ST Moderator: any questions / comments
jy ken, are you profitable today on the futures ?
Ken-ST Moderator: Yes
jy gj
Ken-ST Moderator: went lon in the morning for just over a point.
Ken-ST Moderator: then covered out for pretty solid gains on the short side this afternoon
Ken-ST Moderator: now flat
Ken-ST Moderator
Ken-ST Moderator: STOPPED Consider exit in CMED
Ken-ST Moderator: STOPPED Consider exit in CMED
Ken-ST Moderator: STOPPED Consider exit in CMED
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Ken-ST Moderator: WB
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kevin what is stop sfun
Ken-ST Moderator: 21.43
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Ken-ST Moderator: wb
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prime707 any 1 c anything
Ken-ST Moderator: not much
Ken-ST Moderator: tought with so little timeleft int he day
Ken-ST Moderator: if you are behind, refrain from forcing one out. There is alwaysnext week
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Ken-ST Moderator: earnings season is here and there should be ample opportunities coming up
Ken-ST Moderator: wb steve
Gantra how about MSCS ?? LOL
Steve looks like ugly afternoon
Ken-ST Moderator: Doh
Ken-ST Moderator: yes
Gantra sadly
prime707 r u out of cmed
Steve Ken, didn't get stopped on spike up on SFUN to 21.45
Gantra nothing fun about SFUN.
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Steve I got out at break above 21.28
Gantra me to
Ken-ST Moderator: did see offer get there, but will post
Ken-ST Moderator
Gantra didn't want to give it more room late in day
Steve I was supposed to start weekend early, so I guess my friend owes me the lose for not being able to meet me - that makes sense doesn't it ?
Ken-ST Moderator: STOPPED Consider exit in SFUN
Ken-ST Moderator: STOPPED Consider exit in SFUN
Ken-ST Moderator: STOPPED Consider exit in SFUN
Gantra of course, steve.
Ken-ST Moderator: Yup bill em steve
Ken-ST Moderator: Sorry gang, what a crappy way to go into the weekend
prime707 still show O on cmed... just cover sfun...not a good afternoon
Ken-ST Moderator: good thing is that we are heading into earnings season next week and there will be a great deal of opportunity coming our way
Steve more red on my trade journal :(
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Gantra ur not kidding steve. This is my worst day so far.
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Steve yep, no fills and partial fills on winning trades kills you. Interesting how that tends to happen on the winners and not the losers
Ken-ST Moderator: that is why I am never afraid to pay up for breakouts
Ken-ST Moderator: i dont give away too much, but never afraid
Ken-ST Moderator: the good things are not always easy
prime707 cmed a bounce here trying to recover alittle
Gantra i'll stick with limits but try and get better and giving them more spread based on the price. My .35 slippage on MSCS was a disaster for me, though
Steve Yeah, but how far do you pay up for the breakouts, someone to remain nameless used a mkt order today and got nailed for it - what guidelines do you use Ken ?
Gantra lol
Steve just trying to be polite Gantra, but your honesty is educational and appreciated
Ken-ST Moderator: yeah gantra, play small until you are comfortable with gauging the executions
Gantra whats annoying is that i didn't take advantage of MSCS later inthe day when it BO again. I should have been ready for that.
Ken-ST Moderator: it doesnt take too long. But you will come into your own
Gantra I feel like i'm getting it more and more but still climbing the curve.
Ken-ST Moderator: my mentality is always market order.
Ken-ST Moderator: When I scan the level II I am looking to see if it doesnt look good for one
Ken-ST Moderator: if not, I find a place with ample shares above the trigger to click and place the limit order
Ken-ST Moderator: I also always use ARCA on entry
Steve ARCA 90+% of time
Steve ?
Ken-ST Moderator: on entry, I use it all the time
Ken-ST Moderator: rarely do I use anything else on entry
prime707 got my 2 penny bounce
prime707 lol
prime707 cu monday have a wkend....
Ken-ST Moderator: ty Prime
Ken-ST Moderator: you too
Ken-ST Moderator: see you monday
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rdub have a great weekend everyone
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Steve We'll, I'm going to call it a week (again)...and go find my friend and tell him he owes me a couple hundred in drinks
Steve have a good one all
Ken-ST Moderator: ok steve
Ken-ST Moderator: have a good one
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jy ty ken an dscott, hope for a better dau next modnay. have a good wek-end all
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Ken-ST Moderator: ok jy
Ken-ST Moderator: have a good one
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Ken-ST Moderator: ok gang, have a great weekend
Ken-ST Moderator: I will see you all next week monday
Ken-ST Moderator: take care
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conanboxer Have a nice weekend
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Ruben Are you still here ken?
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