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********** Good Morning Everyone
********** Monday November 27th 2006
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kcooksley has entered DayTrading Chat
Ken-ST Moderator: good morning everyone
Scott-ST Moderator: Watching for Type A Short on BEBE 22.03
Scott-ST Moderator: Watching for Type A Short on BEBE 22.03
Scott-ST Moderator: Watching for Type A Short on BEBE 22.03
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Scott-ST Moderator: Watching for Type B Buy at new high of the day on FFIV 75.11
Scott-ST Moderator: Watching for Type B Buy at new high of the day on FFIV 75.11
Scott-ST Moderator: Watching for Type B Buy at new high of the day on FFIV 75.11
ggosu type A or B?
Ken-ST Moderator Buy!
Ken-ST Moderator Buy!
Ken-ST Moderator Buy!
Scott-ST Moderator: B's
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy FFIV 75.11
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy FFIV 75.11
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy FFIV 75.11
gary has logged out
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Ken-ST Moderator: gm jharms
jharms gm
terry has entered DayTrading Chat
Ken-ST Moderator: gm terry
j5 has logged out
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Ken-ST Moderator Update!
Ken-ST Moderator: UPDATE: Moving stop to entry FFIV
Ken-ST Moderator: UPDATE: Moving stop to entry FFIV
Ken-ST Moderator: UPDATE: Moving stop to entry FFIV
Ken-ST Moderator Profit!
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in FFIV
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in FFIV
Ken-ST Moderator Profit!
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in FFIV
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in FFIV
Ken-ST Moderator Profit!
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in FFIV
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in FFIV
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in FFIV
eddie when the alert crossed my screen the ask was already above 75.11
Scott-ST Moderator: that one came fast
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DavidBer eddie - same here, oh well, I got in at .33
ggosu i got in at 75.26
eddie I passed unfortuneately
ggosu that happened to me on friday
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Pontiff gm ken scott gang
Scott-ST Moderator: gm Pontiff
Ken-ST Moderator: We will disregard alert and not record the profit.
Ken-ST Moderator: Due to the timing.
Ken-ST Moderator: and the complications this am.
DavidBer I will record the profit in my bank account thank you very much
Ken-ST Moderator: great job
j5 lmao
Ken-ST Moderator: bottom line that is what matters.
Scott-ST Moderator: good Job David
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DavidBer has logged out
ggosu I got like 0.5%
benbeth gm
ggosu but will take that
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DavidBer has entered DayTrading Chat
Scott-ST Moderator: good job jjosu
Scott-ST Moderator: ggosu
gordiehowe scott nice job on ffiv
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Scott-ST Moderator: [img id=em-10]
Scott-ST Moderator: gj gordie
Ken-ST Moderator: gm del, benbeth, bullmarket
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del gm
Ken-ST Moderator Short!
Ken-ST Moderator Short!
Ken-ST Moderator Short!
Ken-ST Moderator: TYPE C Trade (Top). Consider Short BEBE 22.03
Ken-ST Moderator: TYPE C Trade (Top). Consider Short BEBE 22.03
Ken-ST Moderator: TYPE C Trade (Top). Consider Short BEBE 22.03
Ken-ST Moderator Update!
Ken-ST Moderator: UPDATE: Moving stop on BEBE 22.21
Ken-ST Moderator: UPDATE: Moving stop on BEBE 22.21
Ken-ST Moderator: UPDATE: Moving stop on BEBE 22.21
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Ken-ST Moderator: gm Ellagero, dp
bullmarket why all the problems this am
Ken-ST Moderator: market just off the lows
ggosu Was that type C or type B? just trying to make sense
Ken-ST Moderator: Type B
Ken-ST Moderator: sorry
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short BEBE 22.21
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short BEBE 22.21
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short BEBE 22.21
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Ken-ST Moderator: the problem with servers this am, actually different from other issues. Today was with the chat servers and not the webhosting.
Ken-ST Moderator: unfortunately these things happen. Sorry about the inconvenience.
DavidBer It was still Scott's fault imo
Ken-ST Moderator: Futures new lod
jvt i got kicked out
Ken-ST Moderator: I am trying to find concrete proof of that db
Ken-ST Moderator: I will search all day until i find it
bullmarket why were there two consider short calls on BEBE
DavidBer Just look at him - that is proof enough.
DavidBer bull - the second was a typo - that was limit
Ken-ST Moderator: I posted as Type C when it was actually a Type B
Scott-ST Moderator: [img id=em-11] no my fault, well not this time at least
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Ken-ST Moderator Update!
Ken-ST Moderator: Watching for Type B Short at new low of the day on SEED 14.12
Ken-ST Moderator: Watching for Type B Short at new low of the day on SEED 14.12
Ken-ST Moderator: Watching for Type B Short at new low of the day on SEED 14.12
Ken-ST Moderator: SEED on thin side. Be aware gang
DavidBer No seed shorts @ fidelity :(
Ken-ST Moderator: gm rwalsh
DavidBer And that is scott's fault as well.
Ken-ST Moderator: lol
DavidBer seed has more volume than bebe
Ken-ST Moderator: Global warming........guess who
Scott-ST Moderator: [img id=em-11]
Scott-ST Moderator: Me?
DavidBer Liz taking days off - scott's faul
jvt left chart didnt update for FFIV?
Scott-ST Moderator: oh
Ken-ST Moderator: nah you can blame me for that one. I kept her out too late.
DavidBer Didn't everyone get the memo? It was titled - - - Pick on Scott on Monday
Scott-ST Moderator: no more picking on Scott, Thats an Order
JP lol
Ken-ST Moderator: says Jay Leno?
DavidBer Yeah she stopped by to say hello to you after she stumbled out of my bed after a long night of . . . .
Ken-ST Moderator Short!
Ken-ST Moderator Short!
JP Officer.....Jay Leno.
Ken-ST Moderator Short!
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Ken-ST Moderator: TYPE B Trade (Gap). Consider Short SEED 14.12
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short SEED 14.12
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short SEED 14.12
jvt not shortable
ggosu missed that
Ken-ST Moderator Profit!
DavidBer Was that a premi bell?
djgg has logged out
ggosu good work though
del can not short SEED
bullmarket ATRS LOD
Ken-ST Moderator: I waiting for offer to go down to the target
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Ken-ST Moderator Profit!
Scott-ST Moderator: and the profits on SEED, My Fault!!!! [img id=em-10]
Ken-ST Moderator Profit!
Ken-ST Moderator Profit!
Ken-ST Moderator Profit!
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in SEED
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in SEED
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in SEED
Ken-ST Moderator Update!
Ken-ST Moderator: Watching for Type B Short at new low of the day on ATRS 24.30
Ken-ST Moderator: Watching for Type B Short at new low of the day on ATRS 24.30
Ken-ST Moderator: Watching for Type B Short at new low of the day on ATRS 24.30
ggosu Market falling like a ton of bricks
DavidBer No Scott - those are fantasy profits - I doubt any were able to get any
Ken-ST Moderator: Market has been extended for sometime now
Scott-ST Moderator: ggous, and thats my fault also
Ken-ST Moderator: we are not holding the 5 day EMA it seems
Ken-ST Moderator: that is a red flag to the current uptrend
Ken-ST Moderator: be wary of any swing trade longs you may have
Ken-ST Moderator Short!
Ken-ST Moderator Short!
Ken-ST Moderator Short!
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short ATRS 24.30
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short ATRS 24.30
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short ATRS 24.30
jvt was that a bad print? atrs
Ken-ST Moderator: it may have been. If you are not in yet, you may want to wait for better confimration of the trigger at 24.30
Ken-ST Moderator: we will play a tight stop here.
Ken-ST Moderator Update!
jvt yea i only see 100 shares print at 30
Ken-ST Moderator: UPDATE: Moving stop on ATRS 24.52
Ken-ST Moderator: UPDATE: Moving stop on ATRS 24.52
Ken-ST Moderator: UPDATE: Moving stop on ATRS 24.52
ggosu market falling like a ton of bricks
jvt atrs wish it triggers so i can short it
Cale has entered DayTrading Chat
Ken-ST Moderator: gm Cale
Cale gm
Cale doh, slept in this morning
gordiehowe jvt, ts brkt orders still not working correctly using oso, they work fine as oco
gordiehowe ken, nice job seed
Ken-ST Moderator: tx gordie
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Ken-ST Moderator: gm jeff
ggosu Man, somebody went on a huge selling spree
jeff4021 hey
Scott-ST Moderator: lol
jeff4021 just registered
Scott-ST Moderator: ggosu, it was my wife
Ken-ST Moderator: welcome aboard Jeff
jeff4021 thanks
jeff4021 dont mind me if i ask a few questions....
Ken-ST Moderator: Sure
jeff4021 (wont be silly trader questions though, more just about your methodology
jvt now atrs really trigger
Ken-ST Moderator: if we cannot get to them now, we will when we slow down during the lunch period
Ken-ST Moderator: yes jvt
Ken-ST Moderator: more confirming now
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Ken-ST Moderator: thanks for joining us Jeff.
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Ken-ST Moderator: wb
Ken-ST Moderator: market new lod
Ken-ST Moderator Profit!
Ken-ST Moderator Profit!
Ken-ST Moderator Profit!
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in BEBE
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in BEBE
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in BEBE
Ken-ST Moderator: We will keep the ATRS stop. it is at an ideal level
gordiehowe gj
Ken-ST Moderator: ty gordie
jeff4021 looks like its guna be a short kinda day,
jvt that was also an ideal short up there at 44-45
gordiehowe short is cool
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Cale which stock jvt?
jvt talking about atrs
jeff4021 ken...do we enter the stop order only when u initiate a top or sohuld always have a .10 stop on all trades
jvt i'm also shorting china at whole
jvt lost alot of money earlier in ffiv than made it back so not a great day just an ok day
Ken-ST Moderator: our stops are intiallly the high of the day or the low of the day
Cale ah
gordiehowe jvt, shorting china at whole, what does that mean?
jeff4021 well, since i was late to the game, ok for me to get into atrs at 24.38 Ken?
jvt shorted at 9
jvt the whole number
gordiehowe nice
Ken-ST Moderator: We stand behind all open trades.
Jen ATRS doesn't look like it has far to fall, support at .18
gordiehowe going wrong way jen
gordiehowe atrs is close to our stop
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Jen right, comment was for the benefit of jeff4021 considering getting into the original trade
gordiehowe oh
jeff4021 meh i got in at .45, we will see...trigger finger on .52
Ken-ST Moderator: very nice
eddie my trigger finger is on .08
Scott-ST Moderator: 42.08 RIGHT Eddie?
gordiehowe i like your trigger better eddie
Scott-ST Moderator: [img id=em-10]
Scott-ST Moderator: 24.08 not 42
Scott-ST Moderator: profit is at 24.06 for us
Ken-ST Moderator: FFIV approaching the lod,
Ken-ST Moderator: it has come down a long ways. We will wait for some sort of consoldiation
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Scott-ST Moderator: gm Ruben
Ruben Gm afternoon!! Scott
Ken-ST Moderator: gm Ruben
jeff4021 suprised strong broad selloff isnt bringin ATRS down faster
jeff4021 w/ dow down 95
Ken-ST Moderator: looks to be in sideways consolidation
Ken-ST Moderator: currently
Scott-ST Moderator: thats okay Jeff, I am sure its my fault
DavidBer CORRECT
jeff4021 hehe
DavidBer FFIV Short @ 74.36 ?
jeff4021 Ken, you have any problem getting into NTAP at 40.05?!?
jeff4021 you guys are long at 41.35...hmm
Ken-ST Moderator: I am not looking at going long the stock below the trigger.
jeff4021 ah ok gotchya...
Scott-ST Moderator: Markets have seem to find some support right about here
jeff4021 ok another quckie...for instance your stop of 24.52 for ATRS...should that be a stop limit, or a trailing market stop
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Ken-ST Moderator: if it hits that price, we consider the setup for that trade no longer valid
Ken-ST Moderator: we would suggest not being in the trade.
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Scott-ST Moderator: Jeff what ever you are comfortable with Market or Limit
Ken-ST Moderator: every trader has their own way of executing their order
Scott-ST Moderator: I like to use Limit
gordiehowe if you put a stop limit order you may not get filled
Scott-ST Moderator: correct
jeff4021 so i could do a trailing limit of 0.22 from 24.30
Scott-ST Moderator: and Market could equal some slippage
gordiehowe if mkt is moving fast could blow right by your stop
Ken-ST Moderator: I do not like trailing stops
Cale I love Trailing Stops :)
Cale but thats me MR Vegas
jeff4021 naturally im scared of markets unless spread is tight and no rapid movement...
DavidBer SNDK report Cale?
DavidBer So I guess the FFIV short call was ignored?
Cale going to wait on SNDK
Cale looks like its on a mini B of an ABC up
Cale SNDK that is
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jeff4021 ok...so this ATRS doesnt seem to be budgin
DavidBer WAKE UP KEN AND SCOTT - get the turkey out
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Ken-ST Moderator: gm tc
tc hey
Scott-ST Moderator: [img id=em-10]
jvt it moved 20 cents straight up from it's low
DavidBer Ken - why wasn't ffiv valid @ the 74.36? We would have had a wiener there
jvt wieners?
DavidBer at least someone is awake
Ken-ST Moderator: yes,
Ken-ST Moderator: but there wasnt enough consoldiation to place a tighter stop
Ken-ST Moderator: With the intraday market very oversold as it is right now, intraday, I wanted a tighter stop
DavidBer otay - thanks for the answer - now blame scott for something else :)
Scott-ST Moderator: [img id=em-11]
Ken-ST Moderator: Huge fiscal deficit......yup, Scott
Ken-ST Moderator: stoch still in downtrend. Market testing the 5 ema now
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Ken-ST Moderator Update!
Ken-ST Moderator: CANCEL ALL TYPE B ALERTS
Ken-ST Moderator: UTNIL 1:00 PM EST
jvt we're still in atrs?
Scott-ST Moderator: and you can blame that on me?
Scott-ST Moderator: yes jvt
Ken-ST Moderator: Yes
jeff4021 Ken, should i close out ATRS?
Ken-ST Moderator: NO
Ken-ST Moderator: its just hte alerts that we are cancelling
Ken-ST Moderator: not the open positions
jeff4021 which alerts? oh from the morning before i got hree?/
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Scott-ST Moderator: jeff we didnt have any alerts that were not open
Scott-ST Moderator: so the Cancel that Ken sent kinda was useless
jeff4021 oh ok...I was a little confused
Scott-ST Moderator: sorry
Ken-ST Moderator: just formailty
Scott-ST Moderator: if we had an allert on SNMX to short at 13.92 and it was not filled we would cancel that alert
Ruben We have NTAP type A. I cancell too
Scott-ST Moderator: no
Scott-ST Moderator: only TYPE B ALERTS
Scott-ST Moderator: we will scan for type C's here in a few
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gordiehowe it wasnt useless because futrue alerts are also cancelled until 1pm
Scott-ST Moderator: NTAP is far from getting filled
bullmarket Did ATRS not hit it's stsop
gordiehowe no it did not, but getting close
jvt nope but it looks like it might i think it's 2 cents away
Scott-ST Moderator: 24.52? not yet
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Scott-ST Moderator: wb
Ken-ST Moderator: gang, we will give ATRS just a little more room.
Ken-ST Moderator: I will move it up .02
Ken-ST Moderator Update!
Ken-ST Moderator: UPDATE: Moving stop on ATRS 24.54
Ken-ST Moderator: UPDATE: Moving stop on ATRS 24.54
Ken-ST Moderator: UPDATE: Moving stop on ATRS 24.54
jeff4021 you sure thats a good idea Ken?
Ken-ST Moderator: To avoid getting shaken out on a meaningless tick
Ken-ST Moderator: there are orders on Level II at 24.53 that would make sure we have a legit stop there
Ken-ST Moderator: yes Jeff
gordiehowe Ken, interesting that 54 is Volume Weighted Avg price
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Scott-ST Moderator: gm Alex
Ken-ST Moderator: I see flat resistance there at 24.50 area. I am just making sure we are above the resistance area
jeff4021 so if I could ask you Ken, what is your logic that the price will swing SO much farther down on a retracement? dow will prolly come off its lows soon and pul it up highr into end of day...no? (trying to learn)
Ken-ST Moderator: jeff, we enter our trade on breakout signals. Set our stop and let the stock play out
Ken-ST Moderator Update!
Ken-ST Moderator: STOPPED Consider exit in ATRS
Ken-ST Moderator: STOPPED Consider exit in ATRS
Ken-ST Moderator: STOPPED Consider exit in ATRS
jvt k who had the trigger finger ready on that one hehe
gordiehowe that hurt
Ken-ST Moderator: 1% stop on that
alex gm Scott
Ken-ST Moderator: gm alex
alex gm Ken
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Ken-ST Moderator: market still in its sideways to downtrend
Ken-ST Moderator: stoch still under the 20, and prices under the 5 ema
jvt china is working well but still a crappy day
Ken-ST Moderator: overall gang, the market is extended on the daily chart. we are pulling down way below the 5 day EMA, and currently testing the 20 day EMA
gordiehowe good work on china jvt
Ken-ST Moderator: While the Hourly charts are still in an uptrned, we are looking for a possible change in that trend
jvt yea china my only positive trade got killed ina few big ones today
gordiehowe when you said you made a mistake in premkt, what happened?
gordiehowe ken my hourly chart does not show uptrend?
jvt rmbs i didnt want to buy it till 23.85 put in a limit and it filled me lots of shares
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jvt i got filled at 23.69 premkt adn just forgot about it until i was deep in the hole
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gordiehowe premkt does not allow stop orders do they?
Ken-ST Moderator: Hourly shows uptrend with the 20 EMA above the 50 EMA
Ken-ST Moderator: No gordie
jvt i dotn think so the auto limit/stop doesnt work so u have to put thru the order box instead of matrix so that screwed with me
Ken-ST Moderator: I dont believe they allow stop orders in premarket
jvt and change ur TS setting to day + to trade pre or aftermkt
jvt i wouldnt recommending trading premkt or aftermkt if u just started to trade
gordiehowe no, will stick with 930am
gordiehowe ok, ken i see what you mean, trend based on ema not the price of index.
Ken-ST Moderator: Right
Ken-ST Moderator: watching for the crossovers will help to avoid the whipsaw
Ken-ST Moderator: filter out the whipsaw
jeff4021 well...i do have to say guys
jeff4021 i killed that ATRS trade :)
Scott-ST Moderator: gk jeff
jeff4021 in .44, out 32
jvt whats gk
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Ken-ST Moderator: nah jeff, dont think that way
eddie giant keg?
Scott-ST Moderator: good kill jvt
johnboy what, are we playing volleyball?
Ken-ST Moderator: lol
johnboy everybody rotate clockwise
jeff4021 well...it was totally opposite you cuz i got in late Ken
jeff4021 i had momentary ttrouble with my platform, and coincidentally it dropped .10 and i grabbed it then
johnboy no. let's rotate counterclockwise...I don't want to use Cale's computer
Cale LOL
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Ken-ST Moderator: wb
Ken-ST Moderator: Intraday Trend is Sideways to Up
Scott-ST Moderator: so did everyone eat enough Turykey this weekend?
Scott-ST Moderator: Love the left overs for a good Turkey Sandwich
djg610 i wish i had leftovers
djg610 got any extra scott?
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jvt anyone watch the bond movie i liked it
DavidBer BOnd was ok - not great, but not bad
Ken-ST Moderator: Scanning for Type C longs
jy has entered DayTrading Chat
Ken-ST Moderator: wb jy
jy ty ken
jy needed to update my JAVA osftware
jy couldn't login all morning
lippy Good morning everyone, first time here subscribed 10 minutes ago hope to have fun and also make money. I'm 51 from Montreal and I started daytrading 6 months ago, so far it's ok but could be better let's see
jy the login box didn't show up
Cale Ken Scott how about SNDK or ACAS for a type C?
jvt bad timing to come on lippy right at lunch period
johnboy welcome lippy
Ken-ST Moderator: good to have you lippy
Scott-ST Moderator: Welcome Libby
johnboy good to see another Canadian here
Ken-ST Moderator: welcome aboard
Scott-ST Moderator: lippy
johnboy now we can take over the room
johnboy they're all hungover from too much turkey and red wine
lippy no prob Johnboy
Ken-ST Moderator Update!
Ken-ST Moderator: Watching for possible Type C Buy on SNDK 46.40
Ken-ST Moderator: Watching for possible Type C Buy on SNDK 46.40
Ken-ST Moderator: Watching for possible Type C Buy on SNDK 46.40
Cale true that Johnboy
Cale NCIE!!!
jvt would u be cautios of shorts?
jvt nevermind
Scott-ST Moderator: jvt there still is room for the markets to fall, we are moving sideways right now
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Scott-ST Moderator: wb
ggosu VIX is at a 6 month high
ggosu I liquidated all my long positions this early morning
Ken-ST Moderator: nice
ggosu thanks guys.
ggosu so what indicators do you use when you guys say "The market is overbought"
Ken-ST Moderator: slow stoch on the 5 min market
Ken-ST Moderator: SPX
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.
ggosu how many screens do you suggest are ideal? some people use 2, some use 6
ggosu I mean monitors?
Ken-ST Moderator: I use 4
Ken-ST Moderator: it varies. It all depends what you are comfortable with
jvt come on mkt go go down down down
ggosu hmm...
ggosu what are you short on jvt?
Ken-ST Moderator: You may use 2 large ones
Ken-ST Moderator: or just 1 large screen.
jvt took a lil short in ndaq at 40.63
ggosu ok
ggosu 40.63?
Ken-ST Moderator: nice jvt
ggosu Its trading at 43.83..the QQQQ
jvt dont like trading during lunch but itching to make something back
ggosu sorry
ggosu yup exchange stock are particularly down today
Scott-ST Moderator: Just say NO jvt
Scott-ST Moderator: dont chase it
ggosu NYX is down a buch
jeff4021 hey are we long in SNDK still?
Scott-ST Moderator: not yet
jy ken, SNDK short @lod 26.19 ? Is it too extended ?
ggosu GOOG down 14, CME down 15
jvt sndk not trigger yet
jeff4021 scott not yet?? i bought at 46.34 cuz it says entry 46.50
Ken-ST Moderator: market is oversold, we are not looking for shorts
Ken-ST Moderator: no breakouts during the lunch period
Scott-ST Moderator: might consider staying away from too many Shorts at this point
ggosu so, when do we start looking again, I mean what hour?
Scott-ST Moderator: about 1:00 est
Ken-ST Moderator: 1:00 at the earliest
ggosu ok...
Cale is that 1:00??
Scott-ST Moderator: [img id=em-4]
jvt out ndaq
jeff4021 whats goin on? the site says get in SNDK at 46.40...
Scott-ST Moderator: yes
Scott-ST Moderator: we will play SNDK when/if it gets up to the 46.40 price
jeff4021 so its at 46.26
jeff4021 ohhh
Scott-ST Moderator: and?
jeff4021 i forgot its a top/bottom
Cale I think I am gong to start working on Margaret since Cramer took Erin away from me
Ken-ST Moderator: yup she is up there in my book
Cale stay away Ken, you have Liz
Ken-ST Moderator: yeah but you also have Sylvia
jeff4021 so..newbie question...always put trailing stop at HOD for every rec you give right
Ken-ST Moderator: trailing stop?
jeff4021 stop limit?
Ken-ST Moderator: that is the stop price.
Ken-ST Moderator: but you cant set a specific price for a trailing stop
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Ken-ST Moderator: we dont post the intial stop prices
Ken-ST Moderator: on longs the intial stop price is the lod. vice versa for the longs
Scott-ST Moderator: for Shorts
Ken-ST Moderator: yes, sorry, shorts rather
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Scott-ST Moderator: take care qwe and jim
Scott-ST Moderator: come back sometime when you all can stay longer
jeff4021 im a little confused about the difference between type A and type B plays...
Scott-ST Moderator: type A's are Daily Breakout Stocks
Scott-ST Moderator: type B's are Gap Play Stocks
Scott-ST Moderator: the As are set in stone fisrt thing in the morning, we do not move the stops
Scott-ST Moderator: B's are when a stock has gapped up or down from previouse trading range
Scott-ST Moderator: note daily Charts on all the B's we have listed
jeff4021 ah ok gotchya
Scott-ST Moderator: Type A: Daily Breakouts:
Based on Daily Chart formations our team will identify explosive breakout situations before they occur.
Scott-ST Moderator: Type B: Gap Plays:
Used to exploit incredible profit making opportunities in gapping stocks every day. Our traders identify the exact breakout or breakdown points for perfectly timed entries into those hot movers.
Scott-ST Moderator: Type C: Bottom/ Top Plays:
Identifies with certainty, bottoms or tops in stocks setting up the best risk/reward scenarios.
jeff4021 so NTAP prolly aint guna happen
jvt everyone should buy the video they explain it pretty well
jeff4021 i knew that was coming
jeff4021 :-P
jy Market new lod
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Ken-ST Moderator: wb bry
jvt actually liked the video and i just subscribed to their swing and i like that too
jeff4021 sndk plummeting
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Ken-ST Moderator: no trigger no problem
Scott-ST Moderator: correct jeff, NTAP most likly will not trigger
Scott-ST Moderator: jvt I could not have said it better!!!
Scott-ST Moderator: The video is exactly what any new trader should have in their Tool box
jvt scott has jay leno icon
Ken-ST Moderator: SEED new lod
jvt just curious what's the reason we dont mess with stocks under 10 bucks
jeff4021 lets put it this way....show me some money and i WILL buy the video Ken
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jeff4021 heh heh
Ken-ST Moderator: you may still apply the strategy to those stocks. We put a self imposed limit to maintain a certain level of quality in this room.
jvt got to understand the concept behind why we trading it
jvt someitmes if not alot of times if you know why we're in the trade you can start to see patterns and enter the trade early
Ken-ST Moderator: agreed jvt
Scott-ST Moderator: exactly JVT
jvt not for the faint of heart but this TGEN been wild today
jeff4021 ive noticed that...or let the trade run after they closed out for cash managment
jy I think SNDK will trade with the market up or down
Cale always does JY
jvt it's a mkt stock
Cale seems to me thats just what SNDK does, I have been trading SNDK for over a year
jy ty Cale and jvt
Cale and most of its moves follow the market
jy I haven't been tracking SNDK
jvt those that tried tgen i got out of some
jvt mainly just scalping now
jvt ken,scott do you think we're done for swing trades for the month or is there a few more set ups?
Ken-ST Moderator: the market ultimately tells us
Ken-ST Moderator: but, we will be focusing on short setups now
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Ken-ST Moderator: wb
Ken-ST Moderator: any questions gang?
Ken-ST Moderator: slowly rolling out of hte lunch period gang
payday any thing on day trading futures
jeff4021 im ready to play
Ken-ST Moderator: We will be re-opening the futures room on December 1st.
payday how about auto trading futures?
Ken-ST Moderator: it is not setup at this time
payday when, which broker?
jvt futures room too?
Ken-ST Moderator: we are looking at TransAct Futures
jvt is there going to be a combo 3 package at ST
jvt here goes sndk
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payday thanks
Ken-ST Moderator: yes jvt
jvt for those that are new to the rooms sometimes the room doesnt have that many calls b/c we are waiting for setups
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jvt other times we'll have like 5-6 alerts all go off at the same time
Ken-ST Moderator: we will open any possible long alerts early
Scott-ST Moderator: its Clazy
Ken-ST Moderator: we will avoid any short calls
Ken-ST Moderator: until 1:30 area
jeff4021 B 1k EWZ @ 42.82 almost low of day
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jy nay reason for the market to pull back so much today ?
jvt mkt been straight UP too many days
Ken-ST Moderator: it has been extended for some time
jvt needed a nice retrace didnt expect it to happen all in one day
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Scott-ST Moderator: wb
Ken-ST Moderator Update!
Ken-ST Moderator: Watching for possible Type C Buy on SNDK 45.81
Ken-ST Moderator: Watching for possible Type C Buy on SNDK 45.81
Ken-ST Moderator: Watching for possible Type C Buy on SNDK 45.81
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Ken-ST Moderator: 0.17 stop if triggered
jy SNDK stop 45.17 ? If triggered
Ken-ST Moderator: 45.64
jy ty ic
jy 0.17 loss
Ken-ST Moderator: yes
jvt lod isnt it
Ken-ST Moderator: [img id=em-8]
jvt bye bye sndk
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Scott-ST Moderator: afternoon 2thdr
Ken-ST Moderator: ga 2thdr
2thdr ga
Ken-ST Moderator: today perhaps a significant market momentum change
Ken-ST Moderator: always tough days to trade
Ken-ST Moderator: especially for swing trading. Many get caught on the wrong side
Cale well I am just happy that Erin is back this week!!!
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Ken-ST Moderator: Hi chrsyler
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Ken-ST Moderator: hi JQ
Cale Yo JQ buddy
JQ GA Ken
chrysler Hi Ken. Did you get my e-mail from yesterday?
Cale did you have a good Tday?
JQ GA Sir Dingdong
Ken-ST Moderator: yes I did, lol, I was just responding to it now
JQ Great bro Sorry about Broncos
Cale bah
Cale We now are going with our 2nd string QB, Jay Cuttler
Cale he will rock!!
JQ the new Qtr. will be what the team needs
del sndk still at 45.81 good
del ?
JQ they say he has one hell of an arm
Scott-ST Moderator: Yes
JQ GA great Scott
Ken-ST Moderator: Intraday Trend is Sideways to Up
Ken-ST Moderator: SNDK is close
Scott-ST Moderator: hi JQ
Ken-ST Moderator: Jay Cuttler?
Ken-ST Moderator: who is that?
Ken-ST Moderator: SNDK still close
Ken-ST Moderator: no trigger, no problem
Cale http://www.denverbroncos.com/page.php?id=498&contentID=5907
jeff4021 SNDK startin to bounce around
jvt best qb pickup was romo before the thanksgiving holidays
Scott-ST Moderator: yep thats so true jvt
Ken-ST Moderator: its close
Scott-ST Moderator: Romo was hot on Thursday
Ken-ST Moderator: intitial stop if triggered is 45.53
JQ Great Scott you are a Policeman today?? dont they have a Gandi Icon???
jeff4021 SNDK looking more like a possibility
Ken-ST Moderator Buy!
jy SNDK - not yet.
jvt someone trigger happy
Ken-ST Moderator: not really a valid trigger yet
jvt didnt see a single 81 print yet
Ken-ST Moderator: lol
jy SNDK needs to break the 45.8
Ken-ST Moderator: my alert went off but that was on a misprint
Ken-ST Moderator: eager beaver
jy 45.8 acting like a ceiling
Ken-ST Moderator Buy!
Ken-ST Moderator Buy!
Scott-ST Moderator: Watching for possible Type C Buy on SNDK 45.81
Scott-ST Moderator: Watching for possible Type C Buy on SNDK 45.81
Scott-ST Moderator: Watching for possible Type C Buy on SNDK 45.81
Ken-ST Moderator Buy!
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy SNDK 45.81
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy SNDK 45.81
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy SNDK 45.81
jeff4021 i cant help it...i wanna see ken perform
Scott-ST Moderator: TYPE C Trade (Bottom). Consider Buy SNDK 45.81
Scott-ST Moderator: TYPE C Trade (Bottom). Consider Buy SNDK 45.81
Scott-ST Moderator: TYPE C Trade (Bottom). Consider Buy SNDK 45.81
Ken-ST Moderator: lol, lookslike Scott was waiting for the trigger too
JQ Is that a valid Pigtits for Ken???
Scott-ST Moderator: [img id=em-8]
Ken-ST Moderator: all that time, and he still had it in wrong
Scott-ST Moderator: NOPE JQ That was me
Ken-ST Moderator: lets blame scott again if anything goes awry
Scott-ST Moderator: [img id=em-4]
Scott-ST Moderator: thats clazy
Ken-ST Moderator: so on the Type C, the initial stop is the lod, 45.53
JQ Dam Scott the first day back and the Boss had a valid PIGTITS
Scott-ST Moderator: [img id=em-10]
Cale they both got PIGTITS
JQ lmao
jeff4021 so set a stop market for 45.53?
JQ Scott Too???
Ken-ST Moderator: Scott has to wear the Bro.
Cale Scroll up, Scott posted a watch
Cale and not a buy
JQ lol
jeff4021 am i right...a stop market for 45.53 on SNDK should be right?
Cale alert, but Who's Counting
Scott-ST Moderator: yes Jeff
Ken-ST Moderator: that is the stop price. it is up to you what kind of stop order to place.
jeff4021 thank you
Scott-ST Moderator: our suggested stop would be 45.53
Ken-ST Moderator: the stop tells us when the trade setup, which we got in on, is no longer valid
Ken-ST Moderator: botht he market and SNDK testing its 20 EMA on 5 min
jeff4021 making me nervous...coming close to stop
Ken-ST Moderator: set it and forget it
jeff4021 i like that mentra
jeff4021 stop market placed at 45.53
Ken-ST Moderator: I know a lot of traders look at each trade individually. but in reality, it really doesnt matter what happens on 1 trade.
Ken-ST Moderator: if you have confidence in your system and strategy, you will know that in the end you will be ahead of hte game
jeff4021 so says LTCM
JQ try and take emotions OUT as the boss says
Ken-ST Moderator: therefore the ultimate result will be there, what happens between now and then shouldnt matter
Ken-ST Moderator: learn from each trade
Ken-ST Moderator: yup emotions are poison when trading
JQ ty Grasshopper!!
Ken-ST Moderator: lol
jeff4021 sandisk is at a major 1week bottom isnt it
Ken-ST Moderator: it is at a general support area
Ken-ST Moderator: it spent 1 trading day below that area
Ken-ST Moderator: but it has a lot of trading action in this area going back to July and August
Ken-ST Moderator: and in early Nov
Scott-ST Moderator: Gold Hitting daily Highs
Ken-ST Moderator: Hourly Chart now in downtrend
jeff4021 you forsee a buyup toward EOD
Cale yea, Erin is Back!!!
Ken-ST Moderator: overall market trend is to the downside
Ken-ST Moderator: I am watching the overall market jeff, 5 min market in nice uptrend
Ken-ST Moderator: would like to see the market surge past its 20 EMA
JQ Scott dont they have a Gandi icon that policeman makes me nervous
Ken-ST Moderator: its the MA that has been holding the market back all day
jeff4021 so sandisk is might have a hard time bouncing toda with down market trend
Scott-ST Moderator: this is as close to Gandi as I can get
Ken-ST Moderator: we are at a pivotal time of day where the market direction can change
Ken-ST Moderator: Type C can take time to play out
Ken-ST Moderator: bottoms can take time to form.
JQ OMG thats CALE!!!!
Ken-ST Moderator: the only thing we can do is set the stop and let it play out
Cale doh
JQ lmao
Ken-ST Moderator: looks like the poor little guy is sleeping Scott
Scott-ST Moderator: = JQ
JQ that is a Bronco mohawk!!!
jeff4021 im getting impatient with sandisk
Ken-ST Moderator: or is he in timeout
JQ LOL
Scott-ST Moderator: this one is Johnboy
JQ LMAO
Scott-ST Moderator: This is Jen
JQ SWEET
Scott-ST Moderator: This is DavidBer
Jen hmm, not sure that is flattering!
Cale LOL
Cale LOL
Cale LMFAO
JQ where is Ken???
Scott-ST Moderator: it was ment to be Jen
Scott-ST Moderator: [img id=em-4] this is Ken
Cale LOL
JQ lol
Ken-ST Moderator: [img id=em-4]
JQ where is POntiff
Scott-ST Moderator: this is Pontiff
DavidBer gender confused people
jeff4021 so the idea is SNDK will close the gap toward the end of the day?
JQ thats great LOL
Ken-ST Moderator: we look for stocks that have a long smooth trend under its 5 ema on 5 min.
Ken-ST Moderator: approaching support/resistance on its daily
Ken-ST Moderator: we alos look for market to be at an extreme
jeff4021 sndk gettinggg loww
JQ Scott that must be a Gucci vail
Ken-ST Moderator: we are simply looking for a break in the trend, with factors that support that trend
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Ken-ST Moderator: also Jeff, since you are new, I want to bring it up that we suggest traders trade according to capital and not a set amount of shares
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Ken-ST Moderator: for instance, many day traders like to use round numbers such as 1k or 500 shares
Ken-ST Moderator: for each trade
jeff4021 yes
Ken-ST Moderator: the problem with that is that it puts more risk on stocks with higher stock prices. Alternatively, we suggest traders determine a good dollar amount for each trade.
ggosu I have set a fixed amount, say 20K for each trade, my broker client software automatically calculates the number of shares in the order
Ken-ST Moderator: great, glad you think in that way
DavidBer 1 billbion dollars
Ken-ST Moderator: lol
DavidBer Ok I tried for an austin powers thing there and failed.
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Ken-ST Moderator: is your pinky in the corner of your mouth DB?
jeff4021 yeah i try to use round lots AND get close to my average $$ amount per trade
gordiehowe same w/me i set my trades by a $amount not # of shares, that way you dont have to worry about what price the stock is trading at - no calcs involved
Ken-ST Moderator: cool jeff
del ken i know each stock is differnt (vol and $) but what would be to much $$ to trade
Ken-ST Moderator: exactly gordie
del to get in and out
Ken-ST Moderator: its all relative to the trader
jeff4021 im really in trial mode to see if it is worth it...the records speak for themselves, now im a sucka willlin to give it a try...i know i have the trading talents
Ken-ST Moderator: too much would be more than the cash value of your portoflio
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del i don't mean that
Ken-ST Moderator: jeff, you will get the most out of this room by learning the setups, and seeing how we manage the trade with stops and a 1% target
del sorry never mind to broad of question
Ken-ST Moderator: sorry del, what did you mean?
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JQ come on Del give it up!!
jeff4021 ken - i am all about the 1% target
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Ken-ST Moderator: wb
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JQ wb
Ken-ST Moderator: wb
JQ wb
Scott-ST Moderator: wb
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Cale wb
jeff4021 yeh, theyre nice when they work
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JQ I am still lamo at 10-9-8-7-6!!!
Cale Erins Dress is maiking my TV go Crazy
jeff4021 come on sndk
JQ that your Brain cale
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Ken-ST Moderator: wb
JQ that is your BIG head Cale
Cale lol
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jeff4021 there guna be any closing day trades
Scott-ST Moderator: I think this is going to be it for day Jeff
jeff4021 so FFIV and SNMX no go?
gordiehowe ken, are we officially in a downtrend on the 60"chart?
JQ Great Scott chart will not refresh on right click Help the Sky is falling!!!! Lmao
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Scott-ST Moderator: lol
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JQ yes gordie
Scott-ST Moderator: yes Jordie
Scott-ST Moderator: JQ right click on the table on the left and select refresh
Scott-ST Moderator Hi
Ken-ST Moderator: Here we go SNDK
Ken-ST Moderator: time to show us what you've got
JQ I did that Great Scott
jeff4021 he wants it
Cale I dont mean to be a pessimist but I am not holding my breath
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JQ OMG!!! the Sky is FALLINg
Scott-ST Moderator: JQ did it work?
Scott-ST Moderator: just Dont Lookup
Scott-ST Moderator: there thats better
Scott-ST Moderator: feels right
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Ken-ST Moderator: wb
JohnnyQwest I am back LOL
eddie you were gone?
Scott-ST Moderator: wb JQ
JohnnyQwest ty
Scott-ST Moderator: SNDK keeps testing the 20 ema
jeff4021 is that bull**** scott?
Scott-ST Moderator: it just needs to poke its head up and over
jeff4021 bull ish
Scott-ST Moderator: SNDK is using the 20 ema as resistnace
Scott-ST Moderator: bullish
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JohnnyQwest eddie you have to have multiple names in case Scott gives you the boot!!
Scott-ST Moderator: [img id=em-11] Me boot anyone? no
jeff4021 i have quite a few shares..im in at 83...not good
eddie ok--i'll start using new names. how about butthead
jeff4021 SNDK needs some happy juice
JohnnyQwest lol
eddie It's too early for happy juice
Scott-ST Moderator: butthead = instaboot
eddie lol
Ken-ST Moderator: market testing the 20 EMA
jeff4021 its gettin late for a run
JohnnyQwest eddie it is 5:00 somewhere!!!
Ken-ST Moderator: little more than 1.5 hours
eddie Where?
Cale never too late for a run
Ken-ST Moderator: i like the market for a run up here
Cale JQ now your talking!!!
Ken-ST Moderator: I am long the futures
eddie I'm on my way!!!!
Ken-ST Moderator: Erin's attire looking a little casual today
Ken-ST Moderator: man, the size of her head is overwhelming
eddie When I was in first grade I wanted to grow up and stare at charts all day!!!
JohnnyQwest eddie did you have bad trading day or did you just get the end laws out of the house???
jy ken, how are oyu doing on the futures today ?
Ken-ST Moderator: I got stopped out early today
eddie lol...I'm up so far but don't hold your breath
Ken-ST Moderator: good to hear eddie
jeff4021 Ken should i get long into SPY?
jeff4021 (i dont do futures)
bullmarket I went short with the Dow-mini's
bullmarket 12 contracts.
Ken-ST Moderator: a sligthly looser stop on SNDK if you want it would be 45.49
Ken-ST Moderator: just under the round number
Ken-ST Moderator: jeff, SPY and futures same thing, except SPY takes about 70 times more capital
jeff4021 70 times more profit
Ken-ST Moderator Update!
Ken-ST Moderator: STOPPED Consider exit in SNDK
Ken-ST Moderator: STOPPED Consider exit in SNDK
Ken-ST Moderator: STOPPED Consider exit in SNDK
bullmarket what's SPY?
Ken-ST Moderator: SPY is the stock for the SPX
Ken-ST Moderator: tracking stock
ggosu what level did u short on bullmarket?
jeff4021 ETF
bullmarket went short Nov. 21 @ 12,321 after realizing 400 points in my long position
Ken-ST Moderator: nice
Ken-ST Moderator: whats holding you back from trading futrues jeff?
jeff4021 not enough profit potential
JohnnyQwest you the futures man bullmarket!!!
bullmarket No....just getting luckey probably. Up 3000 points for 2006....we'll see how next year goes. I only trade TOPS 12 contracts at a time. Normal holding period is 3-20 days
JohnnyQwest GJ BRO!!!!!
Ken-ST Moderator: the money is in stocks the first hour of the day
Ken-ST Moderator: after that the money is in futures imo
jeff4021 well thats a lil more complex i think
Ken-ST Moderator: its not actually
Ken-ST Moderator: I think most are intimidated by the word futures
jeff4021 i should get into ful fledged futures
bullmarket I agree Ken. Daytrade the equity market from 9:30am until 11am and from there it's in the futures. I suggest swingtrading the Dow-minis.
jeff4021 i think i am
Ken-ST Moderator: trading 1 contract is the same as trading 500 shares of the SPY
JohnnyQwest jeff Ken will have you trading futures in about one week
Ken-ST Moderator: only difference is you pay $5 commissions round trip, little to no slippage, and you need just $500 in equity versus $70k in trading the SPY
jeff4021 futures you HAVE to execute the contract right
Ken-ST Moderator: ?
Ken-ST Moderator: what does that mean?
bullmarket The only slippage I experience is approx. 1-2 points tops and I only trade (go long or short) at about 3:50pm (prior to the market close) as there's less volume at that point...I find anyway
jeff4021 arent you talking about trading futures contracts
jeff4021 a future yo uare obligated to exercise, no
Ken-ST Moderator: no
Ken-ST Moderator: only if you hold on until it expire
Ken-ST Moderator: expires
Ken-ST Moderator: But if day trading it, you will notice very little differenc ebetween that and stocks
bullmarket there's an expiry date. My holding period is normally only 10 days and the expiry for example now is March 2007....long time. And if I want to go long March 04 than I will just trade the June contracts to ensure they don't expire while I'm in my position
jeff4021 oh..
jeff4021 see i know nothing about futures
Ken-ST Moderator: yeah thats what I mean. I think people think its too complicated and never venture looking into it.
Ken-ST Moderator: but really, if you love trading stocks, you will also love trading futures
JohnnyQwest see jeff I told you so !!!
2thdr Ken, during the free week, will you be able to explain what is going on?
JohnnyQwest sign up!!
Ken-ST Moderator: Sure 2thdr
Scott-ST Moderator: Jeff a good place to learn is www.cme.com
jeff4021 but the main thing i got from it is that the profit potential isnt that much....i trade 100,000k i can make a 5k profit...u cant do thta on the options can u
Ken-ST Moderator: Futures is highly leveraged
Ken-ST Moderator: the most important thing is money management
Ken-ST Moderator: its easy to get out of hand
Ken-ST Moderator: I thought it was going to be easy to trade when I first got into it.
Ken-ST Moderator: After all Ive been tracking the intraday market forever.
Ken-ST Moderator: I was ****y and got in head first.
Ken-ST Moderator: ......got hammered
Ken-ST Moderator: but thats the way I learn the quickest
Ken-ST Moderator: I dont recommend people get in there the way I did
Ken-ST Moderator: hopefully I make the mistakes so that ou dont have to
Ken-ST Moderator: you can learn from my experience.
ggosu futures is VERY addictive
ggosu once you start trading futures, you wouldn't wanna come back
ggosu but its double the fun, if you are on the winning side
ggosu and the mistakes, were?
ggosu Ken?
Ken-ST Moderator: money management
ggosu okie
Ken-ST Moderator: most traders get in heavy on their original entry
Ken-ST Moderator: trying to pick bottoms, or play breakouts
Ken-ST Moderator: and often times play tight stops because of that
Ken-ST Moderator: but its hard to trade like that
Ken-ST Moderator: you have to be conservative in your expectations with futures
Ken-ST Moderator: There will be a 1 week free trial to the futures
Ken-ST Moderator: once we start it up atain
Ken-ST Moderator: again
payday thanks
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Ken-ST Moderator: np
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Ken-ST Moderator: wb
jeff4021 darn i didnt just get to play onne
payday ken, my biggest problem with stocks, is bad fills or no shares availalbe to short, does this happen with futures, as much?
Ken-ST Moderator: nope
Ken-ST Moderator: you can short on a downtick
Ken-ST Moderator: no such thing as a short list
Ken-ST Moderator: no such thing as pattern day trading restrictions
Ken-ST Moderator: cheap commissions
Ken-ST Moderator: good looking waitresses, and waiters
Ken-ST Moderator: its all good
Ken-ST Moderator: the one thing you have to watch out for is the leverage
JohnnyQwest Just step into the Futures Room!!!!
Ken-ST Moderator: you can get caught up easily in the leverage
payday I am in...
Ken-ST Moderator: I play very loose stops
Ken-ST Moderator: I average into and out of positions
Ken-ST Moderator: its risky
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Ken-ST Moderator: but presents a lot of opportunities
lippy Very interesting first day, looking forward for tomorrow, see ya
Ken-ST Moderator: cool Lippy, once again, good to have you
JohnnyQwest gj lippy
lippy good to be here thanks
eddie anyone still in sndk?
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djg610 yes
djg610 used .49
eddie me too
Ken-ST Moderator: very nice djg
Ken-ST Moderator: nice gang
Ken-ST Moderator: I wanted to move the stop down, but we already close to the stop
Ken-ST Moderator: very nice going
eddie I scalped this early on so my fill is .65
djg610 good size order was at .50 so figured worth a shot
eddie I agree
djg610 stopped out
eddie that's what we get for talking about it
Ken-ST Moderator: but you gave it a chance
Ken-ST Moderator: and it was better support there for the trade
djg610 only .04 diff. on $40 stock worth a try
Ken-ST Moderator: exactly
jeff4021 anythin movin
djg610 diff if $10 stock
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JohnnyQwest wb
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djg610 EFUT always moving that thing is crazy
paydayrick lost you sorry, any advice would be nice
eddie buy low, sell high!!!
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Ken-ST Moderator: sorry payday, what was your question?
Ken-ST Moderator Update!
Ken-ST Moderator: CANCEL ALL ALERTS
Ken-ST Moderator: last half hour gang
Ken-ST Moderator: any qeustions?
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paydayrick what is the best type of order to use, when you issue the first alert? I seem to mis the entry that you get or get a bad fill
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Ken-ST Moderator: I use mostly market orders when trading
Ken-ST Moderator: but depending on how thin the stock is I may put limits with wide cushion
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paydayrick it seems if I put market order in when the alert is issued, I get filled alot higher maybe .10
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paydayrick can you give me an example of limits with wide cushion?
Ken-ST Moderator: limit order perhaps .10 above the trigger
Ken-ST Moderator: what i pay up for on the entry, I make up for on the exit
Ken-ST Moderator: executions get better with time
Ken-ST Moderator: you will eventually come into yoru own what you are comfortable with executing
Ken-ST Moderator: I am comfortable with market orders because I know what it takes to execute strategies
Ken-ST Moderator: I dont want to miss the boat on any
paydayrick can you give me a example on how you woukl have enter that on the SEED trade this morning
Ken-ST Moderator: i glance at the level II and can see if the stock is thin or not
Ken-ST Moderator: if it is thin I may opt for a limit with a large cushion
Ken-ST Moderator: limit wiht a cushion
paydayrick yes
Ken-ST Moderator: i would have to take a look at the level II at the time of trigger
Ken-ST Moderator: take a look where are all the shares are
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paydayrick have not been using level 11, sounds like it is very important
Ken-ST Moderator: Yes it is
Ken-ST Moderator: you need a direct access platform
Ken-ST Moderator: it is a necessity
Ken-ST Moderator: For those who need to daytrade equities but do not have the $25,000.00 equity requirement, we would like to recommend that you check out Harmontrading.com. You will have 4 to 1 Day Trading Margin and unlimited daily trades with a minimum of $2,000 member equity.Harmontrading is also ideal to trade OTCBB and Pinksheet stocks, with direct access to 9 different Market Makers, and unlimited shares per trades, all at a flat rate.Feel free to try out our FREE REAL TIME SIMULATOR by emailing trading@harmontrading.com. Or, if you are interested in joining right away, you may request a Partnership Agreement by sending an email to info@harmontrading.com.
Ken-ST Moderator: Ify ou have more than 50K, you may look at speedtrader.com
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paydayrick ok, can I ask which broker you use, I alot of times my broker does not have shares to short.
Ken-ST Moderator: Speedtrader.com (SOF Direct now operates with Speedtrader.com)
paydayrick SOF Direct?
jy cu all tomorrow. ty ken and scott
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paydayrick Thanks Ken.
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Ken-ST Moderator: that was the brokerage I used, but its now a part of Speedtrader.com
Ken-ST Moderator: yw
Ken-ST Moderator: any other questions gang?
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Ken-ST Moderator: ok gang
Ken-ST Moderator: see you all tomorrow
Ken-ST Moderator: take care
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jeff4021 isit normal to have quiet days around vacation?
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