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********** Good Morning Everyone
********** Friday January 26th, 2007
********** TODAY In History 1979 Dukes of Hazzard Debuts
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duke has entered DayTrading Chat
Scott-ST Moderator: gm duke
duke gm all
duke did you see that CNBC is going to do a segment tonight on the "Return of the Daytrader"...LOL
dennis has entered DayTrading Chat
dennis gm all
Scott-ST Moderator: gm dennis
t2t has entered DayTrading Chat
t2t gm all
Scott-ST Moderator: gm t2t
Jen has entered DayTrading Chat
Scott-ST Moderator: gm Jen
Jen gm Scott
Cale gm Jen
djg gm scott
Cale happy Friday
Jen I asked about a daytrading book at the trader expo last year and the guy said, oh, nobody does that anymore!
Scott-ST Moderator: gm djg
Scott-ST Moderator: lol
Scott-ST Moderator: whats day trading?
larrybill i'm new ... how does this work. are we instructed from the list of suggestions
allegro_bob has entered DayTrading Chat
allegro_bob gm all
Ken-ST Moderator: gm JP, larry, Scott, duke, dennis, t2t, Jen, bob
Jen gm Ken
Ken-ST Moderator: hi larry, good to have you. Yes we will be sending alerts to notify traders of breakout prices
Jen larrybill, just sit back and watch today, develop a process from what you observe
Ken-ST Moderator: When those prices are hit, we will send a trade alert. The tables to the left will update our actions.
Ken-ST Moderator: Type A already has the breakout prices noted.
larrybill okay
Jim has entered DayTrading Chat
kima has entered DayTrading Chat
Ken-ST Moderator: gm Jim
Scott-ST Moderator: gm Jim
Scott-ST Moderator: gm kima
Jim gm, late night last night!
Scott-ST Moderator: Larrybill, Jen is right, might just want to watch today and see how it all works
kima gm all
Scott-ST Moderator: you will catchon fast
Scott-ST Moderator: Fridays, arnt really the best days to trade
jeramie has entered DayTrading Chat
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Ken-ST Moderator
Ken-ST Moderator: ***********Market Assessment**********
Daily Chart: Below the 5 day EMA, Stochastics in downtrend
Hourly Chart: Uptrend with 20 EMA above the 50 EMA
5 min Chart: Downtrend with 20 EMA below the 50 EMA

Futures are up 2 points. The overall market bias is still an uptrend. Despite the overall bias there are mixed signals between the short term Daily and Hourly charts that suggest a possible change in bias soon.
majomx gm
Ken-ST Moderator: gm kima, jim, jeramie, joe, majomx, j5
seven7 has entered DayTrading Chat
Ken-ST Moderator: gm 7
Scott-ST Moderator: gm Jaramie
Scott-ST Moderator: gm joe
jeramie gm
Scott-ST Moderator: gm j5
Scott-ST Moderator: gm majomx
seven7 good morning
bobby has entered DayTrading Chat
Ricky has entered DayTrading Chat
kami has entered DayTrading Chat
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kami gm
Scott-ST Moderator: gm bobby
johnboy good morning everyone
Scott-ST Moderator: bm Ricky
Scott-ST Moderator: gm johnboy
bobby gm
JP VPRT?
msheiner has entered DayTrading Chat
Ricky GM
Scott-ST Moderator: will add JP, thanks
Circa63 has entered DayTrading Chat
tc has logged out
Scott-ST Moderator: GM Circa
Circa63 GM all
Ken-ST Moderator: lets get it on gang!!!!!
JQ has entered DayTrading Chat
jg has entered DayTrading Chat
Scott-ST Moderator: gm JQ
JQ GM GANG
Scott-ST Moderator: gm jg
Cale gm JB
Ken-ST Moderator
Cale gm JQ
Ken-ST Moderator: Watching for Type B Buy at new high of the day on NOVN 26.87
Ken-ST Moderator: Watching for Type B Buy at new high of the day on NOVN 26.87
Ken-ST Moderator: Watching for Type B Buy at new high of the day on NOVN 26.87
allegro_bob 1% EPAY
Scott-ST Moderator: lol, bob that was yesterday
allegro_bob OOPS :)
Scott-ST Moderator: wow it popped up
Ken-ST Moderator: gj bob
Ken-ST Moderator: INFA still in a range
limey COLM at HOD !
Scott-ST Moderator: Limey, right at resistance
Ken-ST Moderator: near possible resistance on COLM we will avoid for now
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Buy at new high of the day on VPRT 40.51
Ken-ST Moderator: Watching for Type B Buy at new high of the day on VPRT 40.51
Ken-ST Moderator: Watching for Type B Buy at new high of the day on VPRT 40.51
allegro_bob AMGN
Ken-ST Moderator: the overall range deal on AMGN looks tough
Ken-ST Moderator: Nasdaq new trend lows
allegro_bob I know - I scalped a bit on the break --
Ricky has logged out
Jen what a wierd morning
allegro_bob that's friday for ya
Scott-ST Moderator: yep Weird
Jen usually start with a bit more pizzazz
Scott-ST Moderator: its all wEIrd
Scott-ST Moderator: even how to spell weird
Scott-ST Moderator: Markets just filled its little gap up
rwalsh driv tanking
Ken-ST Moderator: whats weird is that you know how it is spelled
Cale so is SNDK
Jen ok Ken, I'll be watching you!
rwalsh watchout for driv 200 day ma at 49.17
Scott-ST Moderator: [img id=em-10]
Cale what happened to the I before E execpt after C rule?
Cale thats weird
Ken-ST Moderator: watching me?
Ricky has entered DayTrading Chat
Scott-ST Moderator: wb Ricky
Ken-ST Moderator: i was shocked that Scott knew how it was spelled.
Scott-ST Moderator: Kinda in a Glenn Close bunny watching way
Jen no, I'm not the stalker of the room
Cale that would be me
Scott-ST Moderator: lol
Jen exactly!
Ken-ST Moderator: We'll leave that all to Cale
Scott-ST Moderator: no stalkers plz
duke depends on whois stalking...LOL
Scott-ST Moderator: depends on who is stalking whom
JQ WILL DIGFORDINGDONG?
Cale lol
Cale will trade for Ding Dongs
JQ lol
Jen this is one of those record slow days
JQ will blow for dingdong
Cale will stock for Ding Dongs
Cale LOL
Cale LOL
Cale JQ you mean snow right?
JQ LMAO
Ken-ST Moderator
JQ What esle could you Blow Cale???
Ken-ST Moderator: Watching for Type B Buy at new high of the day on INFA 12.76
Ken-ST Moderator: Watching for Type B Buy at new high of the day on INFA 12.76
Ken-ST Moderator: Watching for Type B Buy at new high of the day on INFA 12.76
Ricky There may be kids reading this stuff. Keep it clean.
allegro_bob vsea was a nice ride
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Buy at new high of the day on PLXT 10.51
Ken-ST Moderator: Watching for Type B Buy at new high of the day on PLXT 10.51
Ken-ST Moderator: Watching for Type B Buy at new high of the day on PLXT 10.51
t2t msft thru lod
jeramie Are longs still in play if the overall markets and core sectors are turning negative?
Ken-ST Moderator: yes
Ken-ST Moderator: vprt is close
JQ Rickey its all clean if you keep it in the correct context
Ricky No problem with me. I'm just covering myself.
Ken-ST Moderator: what do you guys have as the high on NTRI?
Ken-ST Moderator: im wondering if that second candle really got up that high
duke 57.774
JQ 57.74
Circa63 57.774
Ricky 57.77
Lippy 57.75
JQ .774
Ken-ST Moderator: ok th
Ken-ST Moderator: ty
Ricky Ken, i was fourth to respond but i didn't get a thank, only the first two got thanks.
Ken-ST Moderator: lmao
Ken-ST Moderator: hahaha
Ken-ST Moderator: VPRT gang ...its close
Pontiff has entered DayTrading Chat
Pontiff gm ken scott gang
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Buy at new high of the day on VPRT 40.51
Ken-ST Moderator: Watching for Type B Buy at new high of the day on VPRT 40.51
Ken-ST Moderator: Watching for Type B Buy at new high of the day on VPRT 40.51
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy VPRT 40.51
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy VPRT 40.51
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy VPRT 40.51
Ken-ST Moderator
Ken-ST Moderator: UPDATE: Moving stop on VPRT 39.99
Ken-ST Moderator: UPDATE: Moving stop on VPRT 39.99
Ken-ST Moderator: UPDATE: Moving stop on VPRT 39.99
JQ Ken did you hammer the futures yesterday
Ken-ST Moderator: No
Ken-ST Moderator: Loss on the futures yesterday.
Ken-ST Moderator: but I dont mind yesterday.
JQ that is not like you!!!
Ken-ST Moderator: yesterday was a reversal in the markets. Very surprising after the recent highs. Those dont happpen often at all
JQ ic
duke are futures harder than equities?
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in VPRT
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in VPRT
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in VPRT
JQ $$$$$$$$$
Ken-ST Moderator: it depends on the time of day duke
Jen awesome!
t2t nice!
t2t 1/2 sill in
JQ GOOD call Ken/Scott
Jim good stuff
Lippy I missed it, but very good call Guys
JQ TY
Ken-ST Moderator: gj
Ken-ST Moderator: sorry to hear lippy
Scott-ST Moderator: good job JQ Jim t3t
Scott-ST Moderator: thank JP for that one
Lippy my fault
t2t thanks jp
Cale took 100%
Ken-ST Moderator: ty JP
JP Glad it worked out.
t2t prb should have let it all go
Scott-ST Moderator: [img id=em-10]
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Short at new low of the day on COLM 61.07
Ken-ST Moderator: Watching for Type B Short at new low of the day on COLM 61.07
Ken-ST Moderator: Watching for Type B Short at new low of the day on COLM 61.07
Ken-ST Moderator: Watching for Type B Short at new low of the day on COLM 61.07
Jen ?
j5 nice out vprt .16
Ken-ST Moderator: nice j5
Ken-ST Moderator: gj
t2t ring, all done with vprt
j5 yeah, tx
j5 of course now the market confirmed going up
j5 hehe
j5 nice trends on 1m and 5m for vprt
Cale yep
Ken-ST Moderator: take a look at the market trends.
Ken-ST Moderator: stock has been going up with the market going down
Ken-ST Moderator: stoch are now oversold
j5 yeah, good point, plus a friday
t2t ooh, nice pop there!
Ken-ST Moderator: any market rally and that stock could move even higher
j5 last spx 5m candle hight at 5ema
Ken-ST Moderator: if you are monitoring the market charts, we are starting to pull in a little support
Jen and hitting support at 50 ema on daily
Ken-ST Moderator: albeit we still have downtrending momentum
jeramie out of vprt @.40
j5 np ken, saw my min$ target and took it
Ken-ST Moderator: very good j5
j5 hehe, great! geramie
Ken-ST Moderator: Conservative is always good
Scott-ST Moderator: good job jeramie
Ken-ST Moderator: handsome jeramie
Ken-ST Moderator: nice
duke stats on COLM missing
bobby good job
j5 hehe very nice, almost a whole point
j5 over a point now
Scott-ST Moderator: getting the hang of it larrybill?
j5 jeramie, still in?
jeramie no
larrybill think so. good job on vprt.
j5 has logged out
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Scott-ST Moderator: easy j5, dont get too excited
j5 gj jera,oe
Jen NOVN looks close but the low volume always makes me nervous
j5 oops, sorry scott, must be the caffeine
Scott-ST Moderator: as it should J3n
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Buy at new high of the day on NTRI 57.41
Ken-ST Moderator: Watching for Type B Buy at new high of the day on NTRI 57.41
Ken-ST Moderator: Watching for Type B Buy at new high of the day on NTRI 57.41
JQ Jen you have nerves of STEEL
Ken-ST Moderator: gang be aware that I am using the last rally high on NTRI as the high of hte day
j5 good weekend all
Jen thank you for the affirmations, you guys are the best support group!
j5 has logged out
t2t agree Jen, not much of a party at NOVN
msheiner Is the order for COLM s @61.07 still good?
Scott-ST Moderator: yes
duke COLM. no numbes up
Scott-ST Moderator: the table is now up
Scott-ST Moderator: sorry guys
duke numbers
duke ty
Scott-ST Moderator: [img id=em-10]
msheiner Thanks
kramer12 has logged out
JQ tonight .. ON Fast MOney.... the return of the daytrader!!! CNBC
kramer12 has entered DayTrading Chat
duke saw that
duke got to watch
JQ We will check it out!!!
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy NTRI 57.41
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy NTRI 57.41
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy NTRI 57.41
Ken-ST Moderator
Ken-ST Moderator: UPDATE: Moving stop on NTRI 56.39
Ken-ST Moderator: UPDATE: Moving stop on NTRI 56.39
Ken-ST Moderator: UPDATE: Moving stop on NTRI 56.39
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in NTRI
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in NTRI
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in NTRI
jeramie my order didn't get filled, bummer!
Jen did you do arca market?
JQ 1% RIMM
jeramie yes
djg scott you have time to look at a chart for me?
Ken-ST Moderator: gj JQ
Scott-ST Moderator: sure
JQ ty
djg SNDA anymore room to fall? short from 22.56
Scott-ST Moderator: swing or day?
djg day
Scott-ST Moderator: its right in range, and you have the 20 ema as support
djg thanks
t2t jeramie, jen - u using arcaL?
Scott-ST Moderator: and the recent reverse to keep an eye on
Jen no, arca market to get in, and depending on what the situation is, arca limit on exit
jeramie I'm with jen
t2t thanks, arcal filled my order on a MSFT short early
t2t but it worked out
t2t so close to 1% on that short
Scott-ST Moderator: thats good t2t
t2t thx, might need to bail before the 1%
Scott-ST Moderator: djg not the stochastics are coming up from oversold on SNDA
djg ty
Scott-ST Moderator: SHORT t2t ?
Jen NOVN close
t2t yes
t2t @31.2
t2t my bad 31.13
Scott-ST Moderator: ah
Scott-ST Moderator: what is your stop?
t2t entry
Cale my SNDK is running back up
t2t almost covered at 30.7
t2t looks good cale
t2t hlth is creaping back up
t2t creeping, lol
Scott-ST Moderator: 30.80 is 1% right t2t?
t2t yea, where the heck is my brain
Scott-ST Moderator: 30.81 reeally
Jim has logged out
Scott-ST Moderator: HLTH wants to make a run for our trigger
t2t kaa-ching 30.79
djg bush using decision maker now I prefer I'm the decider
Scott-ST Moderator: very nice t2t
Jen wow, how quickly he advances!
t2t scott, thanks for the "wake up call" ;)
Scott-ST Moderator: np, its all you
t2t i can go pee now....
Scott-ST Moderator: just would hate to see you give up 1%
Scott-ST Moderator: [img id=em-10]
t2t anyone in the north east? brrrrrrrrrrrrrrr
Jen yes, and it is collllllllllllllllllllllllllllllld!
Cale not me
Cale am glad I dont have the cold
Circa63 yup, 2hr delay for school due to wind chill!
Cale but we are getting snow today
Ken-ST Moderator: you have a lot of snow now jen?
Cale but its a warm 27 right now
Jen but, only 1 inch of snow for the season (vs 24-36 inch avg)
t2t cale, u can have the snow
kramer12 boston....12....high of the day so far
djg due to global climate change not global warming
Cale bah, thats not cold
Cale should have been here when it was-13
Cale not including the wind chill
t2t ouch, sounds like Mt. Washington
Scott-ST Moderator: sounds too cold for me
Lippy minus 17 Celcius here in Montreal approx -4 Farenheit Crispy
Scott-ST Moderator: thats burrr
t2t eyeballs freeze at that temp
Circa63 eww
Scott-ST Moderator: but once it gets down below 0 its hard to tell much diff
Scott-ST Moderator: lol t2t
Jim has entered DayTrading Chat
Lippy still have 5 more days at that temp
djg Lippy can you pee outside at that temp?
larrybill is this a typical day?
Scott-ST Moderator: lol talking about the cold Larrybill?
t2t yes djg, but it freezes before hitting the gound
Lippy No because i can't reach my......
Circa63 lol
johnboy lmao
Scott-ST Moderator: Larrybill for the most part, most of the action is in the 1st hour of the day
Lippy shrinkage...
larrybill yeah, that's what i mean.
djg great seinfeld episode on shrinkage
larrybill there are 32 on group right now. is that normal?
Scott-ST Moderator: around 11 (est) we will cancel all type B alerts and ride out the lunch hour
Jen nows a good time for you to ask questions of these guys
Lippy one of the best
djg do woman know about shrinkage?
Scott-ST Moderator: during lunch we try to take our mind off the stocks
Lippy laundry?
Scott-ST Moderator: sometimes we might have 5+ triggers but Fridays are slow
larrybill i'm a little bum i didn't get ntri. i had it loaded in the 54's. knew they were gonna run that.
Ken-ST Moderator: Feel free to shoot out any questions
t2t dang, still have some ntri - let it ride thru lunch?
t2t in at 57.44
Scott-ST Moderator: its up to you t2t
Scott-ST Moderator: set a stop and let it ride
Ken-ST Moderator: it still in nice trend
larrybill what platforms and services are popular here? i'm somewhat new.
Scott-ST Moderator: 57.61 would be good
Ken-ST Moderator: if you want a tighter stop 56.99 is the looser stop
t2t k, stop at entry, thx
t2t split the diff
Scott-ST Moderator: that will work
Ken-ST Moderator: lol
Ken-ST Moderator: sorry if you want a looser stop rather
Ricky Larry, i use Interactive Brokers. Trader Workstation.
jeramie do you think ntri could have another break?
Scott-ST Moderator: For Day Trading we strongly suggest traders trade on a Direct Access Platform.  Web Brokers are not efficient enough.  Whether its Stocks, Options, or Futures, we recommend SOF Direct.com, http://sofdirect.com for your direct access trading needs.  See Todd in the trading room for a real-time level II platform.
Ken-ST Moderator: NTRI new hod
seven7 has logged out
bobby nice job again
seven7 has entered DayTrading Chat
t2t must have scared it with my stop NTRI
Scott-ST Moderator
Scott-ST Moderator: CANCEL ALL TYPE B ALERTS until after lunch
djg has logged out
Jen COLM just hit
Scott-ST Moderator: heheh
djg has entered DayTrading Chat
Ken-ST Moderator: Ok that was not fair, we will issue it
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short COLM 61.07
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short COLM 61.07
Scott-ST Moderator: For Day Trading we strongly suggest traders trade on a Direct Access Platform.  Web Brokers are not efficient enough.  Whether its Stocks, Options, or Futures, we recommend SOF Direct.com, http://sofdirect.com for your direct access trading needs.  See Todd in the trading room for a real-time level II platform.
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short COLM 61.07
Pontiff has logged out
Ken-ST Moderator
Ken-ST Moderator: UPDATE: Moving stop on COLM 61.89
Ken-ST Moderator: UPDATE: Moving stop on COLM 61.89
Ken-ST Moderator: UPDATE: Moving stop on COLM 61.89
dennis ?
Pontiff has entered DayTrading Chat
Ken-ST Moderator: questions dennis?
Scott-ST Moderator: whats up Dennis?
dennis No that's ok
dennis ty
Scott-ST Moderator: cool
kami has logged out
Cale its so cold that COLM is now selling warm coats
JQ COLM good gear for the price
Scott-ST Moderator: is it?
t2t yea, still kind of like a mom and pop shop
Scott-ST Moderator: do they sell it at K-Mart?
t2t don't know
Scott-ST Moderator: or Wal-Mart
JQ Great Scott did you find a chair
djg doubt it
Scott-ST Moderator: no still looknig
Scott-ST Moderator: will go look this weekend
Scott-ST Moderator: I also need a wireless keyboard and mouse
Scott-ST Moderator: FYI Larrybill, all the Type A alerts are still active
t2t tigerdirect.com - best prices out there, and quick delivery!
JQ Sports Authority here Scott
Ricky So Scott, if we said, "attention K-Mart Shoppers", you'd pay attention?
Scott-ST Moderator: Ricky, lol Yes
msheiner I am a bit confused with stops. Any specific reasons why you don’t put the suggested stop price in the table ?
t2t blue lights are kewl.
Scott-ST Moderator: heheh
Cale most of the K-Marts closed up around here
Cale Wal-Mart is taking over
JP I hate Walmart. It is like trying to shop in the middle of a 3 ring circus.
JQ Scott let me know how the prices compares with sit4less.com
Scott-ST Moderator: not a big fan of Walmart either but some stuff is okay to get there
Scott-ST Moderator: will do JQ
t2t jq, is that electronics?
Scott-ST Moderator: the biggest deal with sit4less.com is the shipping cost
Ricky msheiner, usually they're listed but sometimes the positions are closed before they can even type the stop price.
msheiner Colm Stop 61.89 or 61.99
Scott-ST Moderator: .89
Scott-ST Moderator: sorry
msheiner OK Thanks
JQ t2t chairs
Scott-ST Moderator: msheiner, the stops should always be on the table
Scott-ST Moderator: even if its HOD/LOD
Scott-ST Moderator: that was my bad
t2t anyone still in NTRI? looks good to get out
t2t NTRI @ hod
Scott-ST Moderator: [img id=em-10]
Scott-ST Moderator: good job t2t
t2t thx, that's 3 for 3
Scott-ST Moderator: very good
Scott-ST Moderator: happy hour on t2t tonight
jeramie nice job
t2t 1.5 days here and 7 for 6 all over or at 1%
JQ Single Malt for me!!!
Scott-ST Moderator: good job
Ken-ST Moderator: nice t2t
Scott-ST Moderator: 75 year old?
limey What is better Harmon or Speed Trader
t2t u guys are even typing my sn correct now.
JQ with Modela chaser
limey if the $25,000 is not an issue
t2t sure scott, "virtual happy hour" and 75 year old anything.
Ken-ST Moderator: they both provide good service
Ken-ST Moderator: they are structured differently limey
JQ Great Scott anything in the 20 yr old range if you no what I mean
Scott-ST Moderator: [img id=em-5]
t2t lol JQ
Cale I dont know what you mean JQ
Ken-ST Moderator: Harmon sturcutred like a partnership, so tax reporting is way easier
Cale can you explain?
JQ The DINGDONG know's BRO!!!!
Cale yummmy a 20 year old ding dong that would be awesome!!
JQ Scotch and dingdongs What a LIFE
Cale lol
JQ Better than Scotch ang Cigars!!! IMO!!!
Cale anyday
Lippy Gotta go, Everybody have a good week end
Ken-ST Moderator: ok lippy have a good one
Lippy tx
Scott-ST Moderator: take care Lippy
Lippy has left the room
JQ Hey Ken I was going to ask you if there is any thing special with Kona coffee??
Cale bah
Cale JQ you gong to take off eary today?
jeramie has logged out
Cale or are you going to go to happy hour with us?
JQ yapper
JQ In about 30 min
t2t cale, u still in SNDK?
Cale nope
Cale in and out
Cale 1.5%
t2t nice!
JQ GJ dingdong
Cale its been trading in its over all range for a while
jeramie has entered DayTrading Chat
t2t free robot sdk's from Microsoft - kewl
Pontiff has logged out
Scott-ST Moderator: lol
t2t colm is looking at that stop
Scott-ST Moderator: [img id=em-9]
Scott-ST Moderator: should have canceled 1 min earler
t2t saved by the bell - so to speak
Scott-ST Moderator: oh well thats Day trading
t2t yup
Cale yeah, I didnt get filled because I canceled all my alarms right at your beep
t2t i limped in, because of the bell
djg not standing by the trade scott?
djg joking
Scott-ST Moderator: [img id=em-11]
Scott-ST Moderator: Always stand by our trades
Scott-ST Moderator: ALWAYS
duke scott...can they see our stops?
t2t can u blind them?
Scott-ST Moderator: depends
duke would we be better off to use mental stops
t2t my stystem claims i can fake the order
Scott-ST Moderator: some platforms will store your alert and not send the order until it gets close
Scott-ST Moderator: but for the most part you when you place an order it can be seen
duke E trade has "hidden stops" but I don't know how hidden they are
Scott-ST Moderator: not sure, need to contact eTrade
Scott-ST Moderator: ask them them how the stops function
duke think I will ask...thanks
Scott-ST Moderator: [img id=em-10]
t2t DAS Pro, says this:
t2t Reserve Box
Located to the right of the Position button. The feature is useful if you are sending a large
amount of stock to the market but you do not want to display the amount that may result in
increasing the price of the stock. You put the amount you want to display in the reserve box
and the true amount in shares box.
t2t not that my trade will "move the market" ;)
Scott-ST Moderator: lol
Scott-ST Moderator: never know t2t
duke Scott...Etrade Pro says they store them until stop is hit...and market traders cannot see them..
duke good to know
Scott-ST Moderator: okay thanks Duke
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duke t2t..we know you are the "warren buffet' of the room...!!!
t2t yea but looks only
Scott-ST Moderator: heheh
Scott-ST Moderator: Warren Buffet
duke chump change for t2t
Scott-ST Moderator: thats funny
msheiner As I am placing all my orders as OCO orders, can I ask what is initial % for the stops?
rwalsh lehman out in defense of NTRI
Scott-ST Moderator: why?
Scott-ST Moderator: msheiner, we dont use a % for the most part, we use LOD/HOD for the B alerts
Scott-ST Moderator: the A alerts are 1.5%
msheiner OK Thanks
Scott-ST Moderator: we like to keep the percent less then 1.5% on the B's but it can very
JQ OK Boys and Girls have nice safe wkend bling...bling...OUT!!!!
Scott-ST Moderator: take care JQ
johnboy laters JQ
JQ has logged out
Cale later
Scott-ST Moderator: Johnboy, you cold up there?
larrybill could colm be an overnite swing long. it's cold oil is going up.
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johnboy it's -13 which is about +9 F
Scott-ST Moderator: no, Larry we dont turn our day trades into swing trades
Scott-ST Moderator: burrr
Scott-ST Moderator: take care jeramie
Scott-ST Moderator
Scott-ST Moderator: STOPPED Consider exit in COLM
Scott-ST Moderator: STOPPED Consider exit in COLM
Scott-ST Moderator: STOPPED Consider exit in COLM
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Scott-ST Moderator: have a good weekend bob
Scott-ST Moderator: anyone have any questions?
Scott-ST Moderator: movie reviews?
Scott-ST Moderator: any personal stocks of intrest?
t2t jeez, i should have mentioned SYNA earlier, dropped 3 pts this morning and now gained 2 - it was on my watch list and i forgot abou it.
pb I am going to call it a week guys
pb see y'all next week
Ken-ST Moderator: ok pb
Ken-ST Moderator: have a good one
Ken-ST Moderator: take it easy. have a good weekend
pb Ken, Scott FYI this was my best week since I joined ST in Dec
Scott-ST Moderator: take care pb
Scott-ST Moderator: good job
pb Thank You!
Scott-ST Moderator: glad to hear
Scott-ST Moderator: [img id=em-8]
t2t scott, what do you think about a quick short on SYNA?
Scott-ST Moderator: ask yourself why did it pull 1/2 back up
pb has logged out
Scott-ST Moderator: it looks good over all as a short, it wants to fill that gab from back in Oct
Scott-ST Moderator: I wouldnt take this as a short right now
t2t let me look
t2t yea, lots of support just above 27 too
larrybill COLM long?
bobby good job again for colm
Scott-ST Moderator: COLM has support at 52.55, i would need to take that out before we look at a long
Scott-ST Moderator: a lot of range inthe market today
bobby I'm out at 61.9, nice profit
Scott-ST Moderator: good job bobby
t2t bobby, we're u long on COLM?
Scott-ST Moderator: hate to play those during lunch
bobby that's ok I'm fine
Scott-ST Moderator: lol
JP News on RMBS?
Scott-ST Moderator: t2t look at MSFT
Cale why JP
Cale didit jump?
t2t hehe,
t2t RMBS is going straight up
Cale look at the volume
t2t on heavy vl
t2t yea scott, i thought it would come back MSFT
Scott-ST Moderator: okay gang I will be back in a bit, going to take a lunch
Scott-ST Moderator: Ken is here some where
Ken-ST Moderator: Hi
Ken-ST Moderator: ok gang, we are now in an overall downtrending bias on the market. Stochastics are now approaching overbought.
Ken-ST Moderator: Scanning for Type C shorts
duke ken...do you and Scott trade in the same room?
Ken-ST Moderator: No we dont
Ken-ST Moderator: gang stepping away for 15 minutes
Ken-ST Moderator: brb
duke just curious...thanks
Cale what?? Scott gets to take a lunch?
Ricky Although they do go camping together sometimes.
Cale Ken thats just not right
duke thought maybe ken was trading from his beach house sipping margarittas
Cale lol
Cale I can just see that
Cale but itsnt it Miti's?
Cale mmm that sounds good right about now
Cale Larry did you take COLM at the HOD?
kramer12 new high of the day for NTRI
Cale you in that kramer?
Cale you on the road trading?
Cale lol
kramer12 yup,,,and it has taken years off my life today
Cale oh, why?
Cale I am not sure, i could drive and trade at the same time
kramer12 no....I am home working out....the stock has been pretty volitile
Cale ah
kramer12 just got out....that was a nice one
Cale which?
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kramer12 Nutrisystems
Cale ah
Cale nice
Cale HOD
Cale looks
kramer12 made my day
Cale dude were you in from the start?
Cale 57.41?
Cale I wanted to take 1/2 on that one but bailed
Cale good job Kramer
kramer12 57.55 was my avg
kramer12 out at 58.32
Cale ah
Ken-ST Moderator: back
Cale wb
Cale hey, when did you start letting Scott take lunch?
Ken-ST Moderator: Its mandated by law now
t2t SYNA still sinking
t2t dang, an easy .5 from noon
Cale LOL, whos Law?
duke scotts law
Cale lol
duke right to eat law
Cale bah, you can eat when your dead
Cale oh wait its, sleep when you are dead
duke hittting keys burns calories
Cale lol
t2t HLTH is trying to make another run
Ricky Ken, taking the results from trading for any one month or year, trading in the exact same stocks, would the % gained or loss be the same if you constantly bought either the same dollar amount per trade or the same share amount per trade? This had come up before but wasn't settled.
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Ken-ST Moderator: trading the exact same stock?
Ricky yes.
Ken-ST Moderator: not sure I understand yoru question
Ricky Over the course of a year 1000 trades are made. I'll continue.
Ricky One trader trades $10,000 per trade, each and every trade.
Ricky One trader trades 200 shares per trade.
Ricky Will they have the same results at the end of the year?
msheiner No way
Ken-ST Moderator: no
msheiner I look at $$$$$$$ only
Ken-ST Moderator: it all depends if the stock is going up or down
msheiner Ken how long is the video you are selling on your web site?
Ken-ST Moderator: 30 - 40 minutes
Ricky So there's no real way to determine which would work best?
Ken-ST Moderator: it all depends what you are talking about
Ken-ST Moderator: if you are talking about pure profits, then the one with the most risk is the best.
Ken-ST Moderator: or offer the most potential.
Ken-ST Moderator: if you are talking about the best in which you allocate your capital properly, then the one with consistent exposure of risk is the best
Ken-ST Moderator: We suggest using the same dollar amount per trade
Ken-ST Moderator: shares dont mean a think
Ken-ST Moderator: thing
Ricky Okay. Thanks.
Ken-ST Moderator: by using the same amount of shares you are allocating more risk to higher prices stocks, when they do not necessarily deserve it.
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Ken-ST Moderator: Hi tony
Tony hello
Ken-ST Moderator: ok gang, we are rollling out of hte lunch period
Ken-ST Moderator: lets start looking at the Type B alerts again
Ken-ST Moderator: nothing really close to any sort of trigger
Ken-ST Moderator: any other interesting stocks to note?
jeramie HLTH seems to be crawling towards high
rwalsh ken, you show the 5-min s&p stochastics heading down around the midpoint right now?
Ken-ST Moderator: stoch are at 32.77
rwalsh okay, thx
Ken-ST Moderator: but yes still in downtrend
msheiner Ken I paid for the video, how do I download, am I going to receive via e mail the instructions?
Ken-ST Moderator: You should be able to see the link in your Membership Control Panel
Ricky has logged out
msheiner Ok Let me check
larrybill got a squees with colm
Ken-ST Moderator: its near to the resistance area
Ken-ST Moderator: but has come a long ways
msheiner has logged out
Ken-ST Moderator: it just took out hte resistance area
Ken-ST Moderator: but we will avoid any trade for now
Ken-ST Moderator: no realy consolidation area
larrybill next area of resistance?
Ken-ST Moderator: none
Ken-ST Moderator: its at new highs
JP has logged out
Ken-ST Moderator: but when a stock comes into a resistance area from a long ways away, we do not play the first break
Ken-ST Moderator: wait for a little bit of consolidation
t2t 2.2% on SYNA trade, sorry Scott, couldn't resist
Ken-ST Moderator: gj t2t
Ken-ST Moderator: nice
t2t waited until it cleared the 5 ema @ 27.37
t2t covered @ 26.76
t2t more like 2%
kramer12 HLTH got close, but couldn't make it
t2t HLTH has been doing that all day...argh...
t2t long SYNA @27.09
Ken-ST Moderator: if it doesnt make it, its telling us not to trade it.
Ken-ST Moderator: that the beauty of reacting to stocks. They tell you when they are ready
Ken-ST Moderator: COLM now setup nicely for a long at a new hod.
Ken-ST Moderator: Lets issue
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Buy at new high of the day on COLM 62.68
Ken-ST Moderator: Watching for Type B Buy at new high of the day on COLM 62.68
Ken-ST Moderator: Watching for Type B Buy at new high of the day on COLM 62.68
larrybill vprt on the move again
Ken-ST Moderator: lets avoid the first break on that as well
larrybill ntri buying going on. news out on downgrade
Ken-ST Moderator: ?
larrybill ken do you like cat at all into the break
t2t put a tight stop on SYNA - 26.82, not going to give back much
Ken-ST Moderator: pretty good setup, but I would like to see some consolidation near the lod first
larrybill apparently ntri downgrade came from competitor
t2t syna - stopped
Ken-ST Moderator: larry i would be a little caution on CAT near the lod today. I am never comfortable shorting against big green candles on the 5 min chart
Ken-ST Moderator: if you look at the lod area, there were two big green candles off of that level
larrybill thinking long on cat
Ken-ST Moderator: that stock sitting in range. Me thinks the market would need to be trending nicely to upside for that to succeed nicely
larrybill probably
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy COLM 62.68
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy COLM 62.68
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy COLM 62.68
Ken-ST Moderator
Ken-ST Moderator: UPDATE: Moving stop on COLM 62.20
Ken-ST Moderator: UPDATE: Moving stop on COLM 62.20
Ken-ST Moderator: UPDATE: Moving stop on COLM 62.20
t2t great call Ken
Ken-ST Moderator: lets bring it home before we start partying
t2t k
Ken-ST Moderator: we are fighting the market
Ken-ST Moderator: but we have a tight stop
Jen On a day like today, I got out at .88
Ken-ST Moderator: when fighitng the trend, you need tight stops
Ken-ST Moderator: loose stops are good when you are trading with the market
Ken-ST Moderator: nice Jen
Ken-ST Moderator: I am always in favor of conservative profits
t2t waiting for .90
Jen I know a guy who says, "I may be a chicken, but I'm a rich chicken!"
t2t cluck, cluck
t2t lol
larrybill ntri moving up again
rwalsh should blow thru the whole number
rwalsh if it does.......
larrybill which number?
t2t 663
t2t 63
jeramie half at .97
t2t here we go
t2t 1/2 @ 63.1
Ken-ST Moderator
Ken-ST Moderator: UPDATE: Moving stop to entry COLM
Ken-ST Moderator: UPDATE: Moving stop to entry COLM
Ken-ST Moderator: UPDATE: Moving stop to entry COLM
Ken-ST Moderator: Risk nothing in COLM gang
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in COLM
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in COLM
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in COLM
t2t 1/2 @63.3
t2t smiles over here!
rwalsh very nece!
rwalsh nice too
Ken-ST Moderator: gj gang
t2t good call Ken - had most of my BP in there
bobby nice job
Ken-ST Moderator: that was an ideal setup
Ken-ST Moderator: note how we stayed clear of the first break
jeramie out @.31
Ken-ST Moderator: let the stock consolidate, which setup a nice tight stop for us.
Ken-ST Moderator: gj jeramie
bobby out at .31
Ken-ST Moderator: nice bobby
duke good call ken/scott
Ken-ST Moderator: VPRT new hod
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t2t Jen, ARCAM is working nicely for me, thanks for the tip
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Ken-ST Moderator: market approaching the upper end of the intraday range
Ken-ST Moderator: wb circa, dnnis
Ken-ST Moderator: dennis
Jen glad to hear it t2t
dennis2 lost connection
Circa63 me 2, still have no chart
t2t last 3 trades only .01 off my limit order
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Ken-ST Moderator: wb
larrybill how did you know where to sell colm, ken
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Jim i am out, have a great weekend
Ken-ST Moderator: have a good one Jim
Ken-ST Moderator: take care
Jim has left the room
Ken-ST Moderator: larry, 1% is a money management technique
Ken-ST Moderator: our strategies are designed to obtain a minimum of 1%
larrybill in all trades you enter here?
msheiner Ken - Excellent Video
Ken-ST Moderator: ty msheiner
Ken-ST Moderator: I think the room helps put the tactics in the video together
Ken-ST Moderator: larry, we show that at 1% traders should consider taking at least some off the table
Ken-ST Moderator: the results show how much of an impact they make
t2t Ken are you looking at consolidation around 42 for VPRT?
Ken-ST Moderator: t2t I will likely pass on that
Ken-ST Moderator: by the time that stock consolidates it will be later in the day
Ken-ST Moderator: not much time left
t2t understood
t2t and it's friday
Ken-ST Moderator: it has had a big run already,
Ken-ST Moderator: yes its friday
Ken-ST Moderator: dont force anything
t2t right, no reason to force, even with a 1.07 pt loss today i'm still up 1.43
dennis2 I am out, good weekend
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Ken-ST Moderator: handsome bro
t2t mr softie was easy on me this morning
Circa63 Have a good weekend all
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Jen Gonna run. Thanks for a good day! See you on Monday!
duke have a great weekend all...see ya monday
Jen has logged out
Ken-ST Moderator: ok have a good weeken
Ken-ST Moderator: weekend
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msheiner If I understand correctly, you do all the work and we just place the ordes as hey come, is that correct?
msheiner as they come
Ken-ST Moderator: im sorry, what are you referring to?
msheiner what I mean is that all the stocks and levels are chosen by you and then we place the orders
Ken-ST Moderator: in this room?
msheiner yes
Ken-ST Moderator: Yes we deliver the breakout prices
Ken-ST Moderator: if you watched the video, it should confirm what you see
msheiner Yes I understand, I like this style of trading and I will do exactly all that
johnboy thanks for the day Ken/Scott......have a good weekend everybody
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larrybill cfc and lend on fire ken
Ken-ST Moderator: ok jb have a good one
Ken-ST Moderator: wow , what was that on cfc
t2t 4 point jump in 5 mins
msheiner Ok Ken, have a nice week-end, I will start real money Monday morning
t2t did Kramer say something, hehehe
Ken-ST Moderator: ok msheiner
Ken-ST Moderator: take it slow
Ken-ST Moderator: have a nice weekend
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t2t i don't see any news on CFC?!?
t2t past 52 week high
t2t CFC is on CNBC now - something big, obviously
t2t well, they mentioned CFC and then off to something else
t2t BOA
t2t acquisition talks
djg talking about possible buyout by Bank of Maerica I think
t2t jeez, BOA is buying everyone
t2t what did BOC do?
t2t sorry BAC
t2t BAC went straight down almost 2 pts
jeramie clocking out for day, see ya next week.
jeramie has left the room
Ken-ST Moderator: take care
t2t question larrybill, where you monitoring those stocks?
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djg Who was talking about SYNA short earlier
t2t i shorted it for a while after lunch
djg shorted a 27.42 used .20 cent trailing and stopped out at 26.85
djg thanks
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Ken-ST Moderator: wb
Ken-ST Moderator: we will cancel all alerts here.
Ken-ST Moderator
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in COLM
Ken-ST Moderator: CANCEL ALL ALERTS
Ken-ST Moderator: disregard that post in COLM
bobby thanks for today, see you
t2t kewl djg, 27.37 - 26.76 myself.
djg nice t2t
kramer12 Have a great weekend everybody...thanks for your help Ken and Scott
t2t Ken, love the cut n paste technique.
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t2t Ken, why didn't you let us know about the CFC news before the spike?
t2t long on CFC and short on BAC would have made my week!
Ken-ST Moderator: that is the premium service
Ken-ST Moderator: ok gang, have a great weekend
Ken-ST Moderator: I will be heading out here.
Ken-ST Moderator: Take care
Ken-ST Moderator: have a great weekend.
Ken-ST Moderator is no longer a moderator
Ken-ST Moderator has logged out
t2t think i'm done too, fun weekend for everyone!
t2t has logged out
djg peace out
djg has logged out
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Scott-ST Moderator: Good Night Everone, have a good weekend
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t2t had to wee if anyone here put a short out on CFC?
t2t see not wee
Scott-ST Moderator: lol
Scott-ST Moderator: ah i wee what you mean
t2t lol
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