**********************************************************
********** Good Morning Everyone
********** Wednesday February 21st, 2007
**********
********************************************************************
Kramer how about FOSL this morning?
Scott-ST Moderator: gm Kramer, lets take a look
allegro_bob has entered DayTrading Chat
Ken-ST Moderator: NICE looks good JP ty
Ken-ST Moderator: gm bob
Scott-ST Moderator: FOSL needs to get up over yesterdays trading Range
Scott-ST Moderator: GM _bob
allegro_bob hi Ken - GM all
allegro_bob Hi Scott
Pontiff has entered DayTrading Chat
Pontiff gm ken scott gang
Pontiff Extra Extra...read all about it...
Pontiff Margin accounts for Jan 2007 were at their highest since......
Pontiff March 2000
jeramie has entered DayTrading Chat
Scott-ST Moderator: keep an eye on NTRI, looks like it will open lower then our target
Scott-ST Moderator: gm jeramie
Pontiff Ut-ooooh!
Scott-ST Moderator: gm Pontiff
jeramie mornin
rwalsh has entered DayTrading Chat
Scott-ST Moderator: gm rwalsh
Ken-ST Moderator: gm Pontiff, Jeramie, rwalsh
rwalsh gm
Cale JQ, you going to be around today?
djg has entered DayTrading Chat
Scott-ST Moderator: gm djg
JQ I am in calebo!!!
alex has logged out
alex has entered DayTrading Chat
Scott-ST Moderator: gm alex
djg gm
alex gm again
david1 has entered DayTrading Chat
pb has entered DayTrading Chat
pb gm everyone!
pb gm Ken
pb gm Scott
Ken-ST Moderator: gm djg, david, pb
Scott-ST Moderator: gm pb
Jen has entered DayTrading Chat
Scott-ST Moderator: gm Jen
Jen gm
Ricky has entered DayTrading Chat
Scott-ST Moderator: gm Ricky
Ricky GM
Ken-ST Moderator
Ken-ST Moderator: ***********Market Assessment**********
Daily Chart: Above the 5 day EMA, Stochastics in uptrend
Hourly Chart: Uptrend with 20 EMA above the 50 EMA
5 min Chart: Uptrend with 20 EMA above the 50 EMA

Futures are down 5 points. Despite the down futures the overall market has a uptrending bias to it.
Ken-ST Moderator: gm Jen, Ricky
Cale thanks Ken
Jen gm Ken
emilio has entered DayTrading Chat
Pontiff Kenbo whats your opinion on the margin story?
Cale I started trading and have a ton of accounts
bobby has entered DayTrading Chat
j5 has entered DayTrading Chat
Ken-ST Moderator: Cancel BTUI watch
bobby gm guys
Ken-ST Moderator: gm emilio, Bobby, j5
Ken-ST Moderator: NTRI is close to trigger at the open
Ken-ST Moderator
Ken-ST Moderator: Watching for Type A Short on NTRI 48.57
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Buy at new high of the day on JUPM 10.36
Ken-ST Moderator: Watching for Type B Buy at new high of the day on JUPM 10.36
Ken-ST Moderator: Watching for Type B Buy at new high of the day on JUPM 10.36
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
kima has entered DayTrading Chat
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy JUPM 10.36
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy JUPM 10.36
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy JUPM 10.36
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: TYPE A Trade (Breakdown). Consider Short NTRI 48.57
Ken-ST Moderator: TYPE A Trade (Breakdown). Consider Short NTRI 48.57
Ken-ST Moderator: TYPE A Trade (Breakdown). Consider Short NTRI 48.57
Scott-ST Moderator
Scott-ST Moderator
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in JUPM
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in JUPM
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in JUPM
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator is no longer a moderator
t2t nice Ken
Ken-ST Moderator has logged out
Scott-ST Moderator: LOL kEN
djg ken is losing it
t2t wb Ken
t2t opps not yet
kristi has entered DayTrading Chat
Scott-ST Moderator: GM kristi
kristi gm
j5 has logged out
Ken-ST Moderator has entered DayTrading Chat
Ken-ST Moderator has become a moderator
Ken-ST Moderator is no longer a moderator
t2t is Ken trading standing up again?
Ken-ST Moderator has logged out
j5 has entered DayTrading Chat
emilio sorry, gm all.
Scott-ST Moderator: gm emilio
Scott-ST Moderator: sorry for what?
Ken-ST Moderator has entered DayTrading Chat
Ken-ST Moderator has become a moderator
Scott-ST Moderator: wb
Ken-ST Moderator: ty
Ken-ST Moderator: gm emilio, kristi
JQ WB kenBO
emilio morning
Ken-ST Moderator
Ken-ST Moderator: sorry gang, disregard that alert sound. POSS spread is too large
kristi has left the room
kristi has entered DayTrading Chat
jorge2 has entered DayTrading Chat
Scott-ST Moderator: wb
jorge2 server problems
Scott-ST Moderator: dont think so, well not at this end
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Buy at new high of the day on TXRH 15.71
Ken-ST Moderator: Watching for Type B Buy at new high of the day on TXRH 15.71
Ken-ST Moderator: Watching for Type B Buy at new high of the day on TXRH 15.71
Ken-ST Moderator: stop is loose on that one
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy TXRH 15.71
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy TXRH 15.71
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy TXRH 15.71
jorge1 has logged out
Ken-ST Moderator
Ken-ST Moderator: UPDATE: Moving stop on TXRH 15.49
Ken-ST Moderator: UPDATE: Moving stop on TXRH 15.49
Ken-ST Moderator: UPDATE: Moving stop on TXRH 15.49
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Buy at new high of the day on AMSG 26.29
Ken-ST Moderator: Watching for Type B Buy at new high of the day on AMSG 26.29
Ken-ST Moderator: Watching for Type B Buy at new high of the day on AMSG 26.29
Ken-ST Moderator: For those on NTRI, a stop at breakeven is the way to go at this ppoint
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
JP NICE hod?
Ken-ST Moderator: yup that is valid
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Buy at new high of the day on NICE 35.45
Ken-ST Moderator: Watching for Type B Buy at new high of the day on NICE 35.45
Ken-ST Moderator: Watching for Type B Buy at new high of the day on NICE 35.45
Ken-ST Moderator: For those that are in ESRX swing trade long, consider a stop at entry
steve has entered DayTrading Chat
Scott-ST Moderator: GM steve
steve gm
Ken-ST Moderator: gm steve
Ken-ST Moderator
Ken-ST Moderator: STOPPED Consider exit in TXRH
Ken-ST Moderator: STOPPED Consider exit in TXRH
Ken-ST Moderator: STOPPED Consider exit in TXRH
j5 has logged out
MS has left the room
Scott-ST Moderator: okay, take care MS
Scott-ST Moderator: come nextime you can stay a little longer
MS has entered DayTrading Chat
Ken-ST Moderator: wb
MS Thanks It was just a refresh
t2t anyone still in NTRI?
Scott-ST Moderator: ah, wb
Cale i just got in and out
MS No did get any shares on time
Cale looks like a nice ride down
t2t i'm still in
bullmarket has entered DayTrading Chat
Ken-ST Moderator: gm bullmarket
MS Where are the bulls in the morning? sleeping
t2t greedy t2t is out now...hehehe
Scott-ST Moderator: lol
t2t sweet call on NTRI Ken/Scott
Ken-ST Moderator: ty t2t
Cale not greedy, if that was your plan, and you traded it that way
Cale imho
Scott-ST Moderator: nice run T2T
t2t mouse wasn't working...but still a plan
Ricky Got to go guys. See you tomorrow.
Ricky has logged out
Ken-ST Moderator: tc ricky
t2t Cale, no lunch trade today....okay?
Cale deal
Kramer JBLU?
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy NICE 35.45
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy NICE 35.45
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy NICE 35.45
Ken-ST Moderator
Ken-ST Moderator: UPDATE: Moving stop on NICE 34.99
Ken-ST Moderator: UPDATE: Moving stop on NICE 34.99
Ken-ST Moderator: UPDATE: Moving stop on NICE 34.99
Pontiff has logged out
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Short at new low of the day on JUPM 9.65
Ken-ST Moderator: Watching for Type B Short at new low of the day on JUPM 9.65
Ken-ST Moderator: Watching for Type B Short at new low of the day on JUPM 9.65
t2t already there Ken :)
Cale LOL, t2t jumping the gun
t2t i flipped it after the long
Cale or should I say JUPMing the gun
Scott-ST Moderator: lol Cale
t2t as long as it is not jumping out the window
Scott-ST Moderator: [img id=em-10]
bullmarket anyone trade in hear with tighter stops?
JP AMSG Close
MS yep
Cale looks good too
MS Who looks good Cale?
MajomX XMSR good short.was for me...
t2t i do bullmarket
kristi has logged out
Scott-ST Moderator: good job mMajomX
t2t but sometimes too tight
Cale me
Cale err, I mean AMSG
kristi has entered DayTrading Chat
Kramer how does AMKR look here to you guys?
Ken-ST Moderator: Looks good above 12.05
Cale there we go NICE
t2t Kramer, nice find
Cale which one?
t2t AMKR above 12.05
Scott-ST Moderator: ah
t2t don't know if it will get there but the setup looks good to me
Cale hummm, really?
Cale seems right in Range
t2t it is Cale, but it has room above 12.05
Cale copy
t2t but then again, i can be soooo wrong
Cale if you knew ofor sure, you sure wouldnt be here
Cale ofor= for
t2t lol, that's the truth
t2t i'd be havin fun in Hawaii
Ken-ST Moderator: lol
Cale Why go to Hawaii?? its shrinking
t2t Cale, GIGM is moving again
Ken-ST Moderator: thats because the water is cold
Cale lol, okay Ethel
limey Off to Peeble Beach now so I will be traded from the Hotel
t2t lol
Scott-ST Moderator: nice limey
Ken-ST Moderator: nice limey
Scott-ST Moderator: have a safe trip
t2t very nice Limey
Cale limey, you will be traded?
Cale or did you mean to say trading
t2t played there last year...and spy glass
MajomX JUPM close,going down slowly...
Scott-ST Moderator
Scott-ST Moderator
Scott-ST Moderator: UPDATE: Moving stop on NICE 35.28
Scott-ST Moderator: UPDATE: Moving stop on NICE 35.28
Scott-ST Moderator: UPDATE: Moving stop on NICE 35.28
Ken-ST Moderator: JUPM is close
Cale just dont JUPM to early
Ken-ST Moderator
Ken-ST Moderator
limey has logged out
Ken-ST Moderator
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in NICE
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in NICE
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in NICE
t2t NICE
t2t was a bit worried about that one
JQ t2t you didnt say any thing about AAPL!!!
Cale nice on NICE
JQ Ethel!!!
Cale thanks gents
Cale LOL, no Ethel
t2t please, JQ i'm almost through the 12 step plan
JQ LMAO
t2t Hi, I'm t2t and i'm a aaplaholic
Cale lol
Scott-ST Moderator: lmao
Cale JUPM, is right on the edge
pb JUPM no shorts available at Trade Station
JQ Calebo what about SNDK here??
Scott-ST Moderator: still short ON sndk
Scott-ST Moderator: SNDK
Scott-ST Moderator: ?
Cale Yes I am
Cale may need to cover, been riding it short for a while
jorge2 STXS wasnt good for a short?
limey has entered DayTrading Chat
Scott-ST Moderator: wb limey
Scott-ST Moderator: already in peeble beach?
limey On my wireless card now
Scott-ST Moderator: lol, got to love Technology,
Kramer how about FSLR if it takes out 51.85?
limey No Paso Robles tonight then The Inn at Spanish Bay Thurs
Cale hello my name is limey, and I am a tradingaholic
t2t lol cale
Cale hehe
t2t limey, they surfin out in the Bay?
emilio wife driving and Limey trading...got to try that one..lol
Scott-ST Moderator: not sure I would trust the connection, my luck I would be in a trade and lose the connection
t2t and to late for the panic hot key
limey Yes but no 12 step program for me The 10 o clock bulls is my bible
t2t ah, i like that one too limey
limey Did you read it t2t its very enlighting
t2t yes i did, gonna read it again and take notes this time
limey I ordered the book The logical trader
t2t it helped me pick VDSI yesterday
t2t JADE is smokin again
Cale lol
bullmarket jupm close
Cale been on that edge for a while
Cale not sure it will move down now
Cale but only need .10 for profit
steve has logged out
Scott-ST Moderator
Scott-ST Moderator
Scott-ST Moderator
limey I have been at $500 for a while in Nov I avg $500 before Lunch
Scott-ST Moderator: UPDATE: Moving stop on JUPM 9.65
Scott-ST Moderator: UPDATE: Moving stop on JUPM 9.65
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short JUPM 9.65
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short JUPM 9.65
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short JUPM 9.65
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short JUPM 9.65
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short JUPM 9.65
t2t ah, talking about my HP stock
jorge2 stop on JUPM?
Scott-ST Moderator
Scott-ST Moderator: UPDATE: Moving stop on JUPM 9.85
Scott-ST Moderator: UPDATE: Moving stop on JUPM 9.85
Scott-ST Moderator: UPDATE: Moving stop on JUPM 9.85
Scott-ST Moderator: UPDATE: Moving stop on JUPM 9.85
david1 has logged out
Cale JQ did you short SNDK?
JQ yes calebo
t2t JUPM likes that 9.70ish area
Cale GOODJOBJQLOOKSLIKEITWANTSTOKEEPRUNNINGDOWNJUSTKEEPANEYEONTHEOVERALLMARKETS
JQ YOUTHESNDKMANBO!!!
seven7 has entered DayTrading Chat
bullmarket jupm was stopped
Ken-ST Moderator
Ken-ST Moderator: STOPPED Consider exit in JUPM
Ken-ST Moderator: STOPPED Consider exit in JUPM
Ken-ST Moderator: STOPPED Consider exit in JUPM
Scott-ST Moderator
Scott-ST Moderator: CANCEL ALL TYPE B ALERTS until after Lunch
bullmarket has logged out
Kramer NICE was nice
Cale and very Nice still
kami has logged out
Cale and SNDK is moving down also, nicely
t2t yes it is Cale
Scott-ST Moderator: nice job Cale
t2t ok, went long, short and long on JUPM
t2t JUPM is my new AAPL
Cale lol
Cale move on t2t
Cale dont be an Ethel
t2t almost out Cale
Cale as long as your making money on your trading plan, all is good
Cale right?
t2t right
Scott-ST Moderator: very good Cale
t2t oooh, there goes SNDK
Scott-ST Moderator: nice job t2t
Cale yep
Cale giving it all up
t2t JQ, nice move this morning
Scott-ST Moderator: PNSN, on a dead cat bounce
t2t nice bounce
Scott-ST Moderator: scaning for type C's
Scott-ST Moderator: any Questions?
Scott-ST Moderator: Any Comments?
t2t yes, thanks for NICE
Scott-ST Moderator: good job t2t
Ken-ST Moderator: stoch in middle of trend, no type c yet
Cale and thanks for JUPM
Ken-ST Moderator: Intraday Trend is Sideways to Up
Cale well, long that is
t2t JUPM was a bit touchy
t2t NYNY is trying to close yesterday's gap
Cale dude, that was so yesterday
Cale how can you look back
t2t scanner picked it up, that's all
t2t i have a scan refresh every 5 mins - looking for trends
JQ caleBO out of SNDK!!!
Cale good job JQ
Cale will hold for a bit longer, wait and see
Jen has logged out
Scott-ST Moderator: okay, Take Care Jen, see you later?
t2t nice JQ
JQ ty Et2thel
Scott-ST Moderator: [img id=em-5]
JQ Et2thel your not looking at AAPL ARE YOU??
jorge2 has logged out
Cale when does he not look at AAPL
Cale almost like Pontiff and JAGH
t2t told you guys i have a monitor just for AAPL
JQ LMAO ...how does he not eat the worm???
t2t JQ, i have....many times
t2t i have gotten major spankings from AAPL
t2t now i have finally learned not to chase it
JQ Et2thel do you what calebo does when you say SPANKING???
Lippy has logged out
t2t no, what
t2t oops, nevermind JQ
t2t got it
Cale lmao
jorge3 has entered DayTrading Chat
JQ Watch he won't be chating for next 15 min.
t2t lmao and rolling on the floor
Ken-ST Moderator: will start scanning for Type C soon
Ken-ST Moderator: shorts
MS Please
MS I have a feeling its going down some more this afternoon
Ken-ST Moderator: the market?
MS Yes the market
MS Although as you said early this morning their is still an uptrend bias
kristi Hi Ken,
kristi Oops, sorry I sent it before finishing the message. I have a trial membership. Do I need to renew or will it auto bill?
Ken-ST Moderator: No kristi it will not automatically do it for the trials
Ken-ST Moderator: it does on the regular membership
Ken-ST Moderator: yeah MS, the trends are still intact
Ken-ST Moderator: the 5 min EMAs are still in a downtrend on the SPX but its all up on the Naz and the Russell
kristi ok, I'll be sure to renew. Glad I asked. thanks
Ken-ST Moderator: No problem.
t2t JADE is my hero
Ken-ST Moderator: wow that thing is still rising
Ken-ST Moderator: spectacular
kristi would anyone mind sharing how much you trade in individual stocks in terms of dollar amount? I'm thinking at least 10k or 1% would not be worth it with commissions.
MS I personally trade 25K with the market and 15K against
kristi thanks MS
alex has logged out
Ken-ST Moderator: nice management MS
Ken-ST Moderator: also kristi glad you are thinking in terms of absolute dollars instead of shares
kristi I'm a newbie so I'm thinking of starting out with 5 - 10K per trade to be conservative.
Ken-ST Moderator: yes, start of slow
emilio Ken/scott : does market direction really affect the morning breakouts?
emilio I strong stock in a weak market is a VERY strong stock, in my opinion.
MS Kristi- In other word if the market is up and the signal is long I trade 25K, if the market is up and the signal is short I trade 15K . The only difference I have is that my stop losses are never greater than 1.5% no matter what.
Ken-ST Moderator: not that much emilio
Ken-ST Moderator: the first period are run more on emotions, market momentum plays less of a factor in the morning session
kristi Do most of you use speedtrader? Any other brokers? I've been checking it out. They have a nice platform.
Ken-ST Moderator: Many in here use Harmon Trading as well
Ken-ST Moderator: also Tradestation
kristi Thanks for clarifying MS. That sounds like a great strategy since the risk is greater when you trade against the market. How's it been working for you?
MS I am using Trade Station, but it takes a while to understand all the functions etcc....
emilio ok thats what i thought, and yes perhaps a different USD approach in afternoon calls, no? I personally do same usd amount on each trade in the same day, but would reduce/increase depending on market condition that day.
Ken-ST Moderator: I would say be more conservative in the Afternoon.
Ken-ST Moderator: The best advice is to trade just the first hour
MS So far so good.
kristi The first hour? How come?
MS Kristy- If all synchronize - example market is up and I get a few Long and all that happened in the first hour, it is 85% a fantastic day
Cale Kens most fav word, Conservative
Cale which is good though
Scott-ST Moderator: the 1st hour is when stocks make their major moves
kristi I like conservative too
t2t JQ, that was almost 30 mins
Ken-ST Moderator: krisit the first hour is mostly on emotions. we capitalize on those emotional trading
Ken-ST Moderator: The first hour of hte day provides the best opportuniites
kristi gotcha. thanks
JQ Calebo was gone 30 min.?
JQ Was Erin on CNBC??
JQ Or maybe Miss. Ray
t2t not sure JQ, was on the phone and TV muted
bme347 thanks guys got to go
Cale I didnt see Erin
bme347 has logged out
Cale but there is Hampton, not sure if he is B or W today
Ken-ST Moderator: Market new hod
Scott-ST Moderator: Looks like the Merkets want to fill the GAP
MS Yes Nasdaq almost in positive territory
emilio isn't it 80% gap fills probability?
Scott-ST Moderator: yep
Scott-ST Moderator: over time all gaps get filled
emilio I know some traders that play gap fills on ES? do you agree Ken/Scott
emilio talking daytrading Gap Fills
Cale wow did you see that house blow up?
t2t yea, how do you drive into a house?
Ken-ST Moderator: there are countless strategies out there
Ken-ST Moderator: some focus on gaps
Ken-ST Moderator: i personally do not
Ken-ST Moderator: not for my eminis trading
emilio no, the stops can be quite deadly on gap plays
emilio but overtime it's a money maker
kristi Just to be sure I understand. If a stock gaps up, then eventually it will almost surely go back down?
emilio Kristi : not on equities but on indexes/ futures
Scott-ST Moderator: thats the theory on gaps
kristi I thought I had heard that before
emilio Ken, did you catch that breakout just before lunch on the ES?
kristi Do you guys have a favorite strategy between the A, B, and C strategies?
Scott-ST Moderator: [url href=http://stockcharts.com/school/doku.php?id=chart_school:trading_strategies:gap_trading_strategies]Gap info[/url]
allegro_bob Ken - now goes the emini's
kristi has logged out
kristi has entered DayTrading Chat
t2t kristie, i like the B's but A's, when the trigger seem to be consistant
Scott-ST Moderator: now or how?
Ken-ST Moderator: Pretty good bob
allegro_bob how now brown cow
allegro_bob Ken - do you just play es?
Ken-ST Moderator: Yes
allegro_bob I'm interested in exploring that - do you have the details on the website
t2t Ken, what do you think about ARRS if new HOD?
Scott-ST Moderator: http://www.swingtrades.com/emini.htm
t2t however, a bit extended
allegro_bob thanks scottie
Scott-ST Moderator: just a bit t2t
Scott-ST Moderator: and the markets are all oversold right now
Scott-ST Moderator: not sure it would be a good HOD play
t2t ok, thanks Scott
Scott-ST Moderator: it does have room to move up, and you would only need $0.14
MS Kristie - The best suggestions, I have for you is not to complicate anything, just do the signal that Ken or Scott provides and do a good money mangement and you'll make money
allegro_bob Ken / Scott is the reason for ES vs ... on nq the return?
Scott-ST Moderator: but not sure the risk is worth the reward
Ken-ST Moderator: brb
Scott-ST Moderator: the ES flows more smoothly
t2t it's there but it is lunch time too - got slapped trading during lunch yesterday
emdee has entered DayTrading Chat
kristi Thanks MS.
MS You are welcome
kristi how much do you guys average in commissions per month?
Cale yep, lunch is like trading after the market
t2t i'm usually about $100 a day on commissions
t2t at least
Cale I avg $250-300 per day
Scott-ST Moderator: but Cale is a mad man Trader
t2t although today i'm already at $140
kristi it adds up quicki
t2t but i've cleared almost $700
kristi way to go
t2t with a $-200 trade
t2t TXRH...grrrrr
Kramer there goes ARRS....nice job
MS Kristie - Commissions are irrelevant in this game, the slippage is what's eats up the profit, that's why you must route your orders very quickly to the one ECN who has the shares avalaible at the best price
t2t not in Kramer - no lunch trading for me today
Kramer probably a good idea
kristi market orders scare me a bit, but the limits probably don't get filled a lot
t2t well said MS, being very efficent with your system will bring rewards, else spoils
MS Kristie - My commissions are around 2 to 3% but slippage is more likely like 12 to 15%
kristi ouch
MS Kristie - I go in with stop market order and get out with market if touched
kristi Has anyone had success being filled with stop limit orders?
MS I route most of my orders via ARCA and that seems to be working fine
bobby has logged out
jorge3 Yes Kristi. LimitStop orders working well at IB
emilio i'd advise setting your stop at entry and limit .20% above.
emilio on entry taht is
MS Kristie a stop limit order requires 2 prices -One above and one below - If the price jumps above you will not be filled
Cale its all good
Cale me too MS, most though ARC or INET
Kramer has logged out
Ken-ST Moderator: back
kristi I've noticed when I place buy stop limits, sometimes they aren't filled.
Ken-ST Moderator: any questions?
Cale wb
Ken-ST Moderator: tx
kristi Hi Ken, what do you think of using buy stop limits ?
Cale yw
kramer12 has entered DayTrading Chat
Ken-ST Moderator: on entries?
kristi Yep
Ken-ST Moderator: They are ok if you dont want to be around at the trigger
pb Ken does TXRH have room to go up if it takes out HOD at 15.90?
Ken-ST Moderator: but for me I usually like to be placing the orders when they trigger.
Ken-ST Moderator: Mostly because I can assess an early entry, or better determine whether or not to use market or limit orders
kristi But, it seems the prices move so fast
Ken-ST Moderator: if I use limit, I can better determine how much higher than the trigger to put it
Scott-ST Moderator: looks that way, pb, but note the markets Stochastics are turning dow from overbought
emilio in Theory i agree KEN, but in practice, you are better off setting a BUY/SELL at STOP market with entry point
pb thanx Ken
MS Kristi - Keep it simple. Stop market for entry and Market if touched for profit
emilio over 50% of tredes here are pops , and reaches .40% in no time
emilio i even set a STOP order MArket 1 cent before trigger, and still get on some trades > .20% from entry point
emilio I think you will miss the trades if you set a limit order... my opinion here
MS T2T did it yesterday he got filled 3 cents before me
t2t sorry about that MS
emilio and I agree with MS, if you have a MIT (Market if touch ) on exit, you are sure to exit
MS No problems
Cale lol
kristi never heard of mit - do you set that at the target price?
t2t ARRS made the 1% and then some
MS yes, if the price touches your target it becomes automatically a market order
emilio Not all brokers have MIT...TSdoes for example
kristi Looks like the morning trades are more profitable. Has that been the pattern for a while?
Ken-ST Moderator: yes
MS Can't answer that question Kristi - If can only say that 90% of the action is on the first hour
Ken-ST Moderator: that is why we stress trading the first hour
Ken-ST Moderator: after that higher percentage plays are in the eminis imo
emilio Kristi: i would strongly recommend you trade in a simulator the first 2 weeks
Ken-ST Moderator: very much so emilio
Ken-ST Moderator: thats great advice
Cale good recommendation emilio
emilio KEN/Scott strategies is not your avg .20% daily profit kind of calls
Cale who is this Darby Chick on CNBC?
Cale HOT or NOT?
kramer12 how about ADBE buy at 41?
Cale cant tell
Ken-ST Moderator: sorry I didnht understand your question emilio
bobby has entered DayTrading Chat
emilio you need to be comfortable in losing 2-5% a day
emilio and you must also be comforatble making 2-5% a day
Scott-ST Moderator: might work Kramer, but we will avoid
t2t she looks pretty good Cale
kramer12 can I ask why?
emilio No questions...just saying that this room calls is not a .20% gain or loss....
Ken-ST Moderator: the market is just coming off overbought
Ken-ST Moderator: at the 1:00 turn time
Scott-ST Moderator: lot of suport at the 41 area
Ken-ST Moderator: You want to avoid longs as market is coming off overbought area at the turn time
Scott-ST Moderator: ADBE has good resistance between 41 and 41.80
kramer12 ok..thanks
Scott-ST Moderator: keep an eye on it though
kramer12 how about ERTS if it gets to 52.91?
emilio FED minutes coming out soon? how does that affect your calls?
bobby has logged out
Scott-ST Moderator: Kramer note the big red candle from 2nd
Scott-ST Moderator: ERTS would need to get above that to make the reward worth the risk
kramer12 or FSLR at 51.90 or JOYG here...do any of these look good to you?
Scott-ST Moderator: FSLR might work, but as Ken said, you really dont want to look at going long with the markets so overbought
t2t Cale, u didn't get in on ARRS did you?
kramer12 ok...just trying to learn
Scott-ST Moderator: same with JOYG
kramer12 ty
Scott-ST Moderator: np
Scott-ST Moderator: ask the questions, thats why we are here
Cale nope, sure didnt t2t you?
limey has logged out
t2t nope, but it made 1.5% already
Cale really no entry point
Cale mabye at the 10:00 pull back
Cale but it was right in range, so....
Cale very happy w/ my SNDK short right now
t2t as well you should be
t2t i was thinking about ARRS at 15.02 - new HOD
JQ YOUTHESNDKSHORTBO!!
emdee has logged out
djg has logged out
tony has entered DayTrading Chat
Cale lol
Cale we all have our fav stock to play
t2t Ken/Scott comments on GIGM at new HOD?
Scott-ST Moderator: let me look
t2t thx
Scott-ST Moderator: NO
Ken-ST Moderator: Same setup as ADBE and FSLR
Cale t2t, dude, run from GIGM
Ken-ST Moderator: keep in mind that it is a valid setup, but being that market is near overbught you want to have a very tight stop at the least
t2t lol Cale, once bitten twice shy?
Cale LOL, I guess you could say that
JQ Et2thel your a Vampire???
tony has logged out
Lippy has entered DayTrading Chat
t2t no JQ, Cale and i got bitten on GIGM yesterday at lunch
Ken-ST Moderator: wb
Lippy hey Ken technical problems...
JQ I saw the Great Scott try to talk you boys down yesterday!!!
JQ from lunch trading
Lippy Nothing open?
t2t yes he did - but we didn't listen
kristi has logged out
Scott-ST Moderator: lol
Scott-ST Moderator: nope Lippy
Cale and we should have, huh t2t?
t2t yes we should have
JQ no lunch trades today??
kramer12 anything new coming out of lunch today?
t2t i was so close to ARRS coming out of lunch
JQ did the 12 step keep you from making trade??
t2t not really, but the memory of yesterday did
JQ or Great Scott disable your platform
t2t lol, no i'm still in control
JQ lol
t2t sneaking up on PAAS
JQ Et2thel that is the second step realiing your not in control!!! L M A O !!!!
JQ realizing
t2t ok, got me good there LOL
Ken-ST Moderator: One strategy to participate in the runners like ARRS: Wait for pullbacks to the 5 ema on 5 min. Then buy the breakout at a new hod. Your stop will be a penny below the low of hte pullback
Scott-ST Moderator: lol Et2thel
Scott-ST Moderator: I like how JQ can Coin an name like Et2thel
Ken-ST Moderator: Stoch down, prices below the 5 mea
Ken-ST Moderator: 5 ema
Ken-ST Moderator: Intraday Trend is Sideways to Down
t2t thx Ken
t2t Scott, i'm an easy target
t2t i type out loud all the time
JQ KenBO putting jet fuel on your fire Et2thel!!!
t2t Ken, that is what i saw at 15.02, then it popped to 15.40
t2t yes he is JQ
t2t but stoch's were up
Scott-ST Moderator: me too t2t
Scott-ST Moderator: Ken Picks on me all the time, which is a good thing I guess
JQ You boys are the LIFE of the PARTY!!!
t2t ONXX is crashing through LOD
Cale hummm, wonder if MS wants to make a bet
MS What bet Cale?
JQ That woke the Captain UP!!!
MS lol
emilio taking off, thanks for the day, be back to ock the markets , same time, same place.
emilio has left the room
Ken-ST Moderator: ok emilio, have a good one
Lippy Gotta go see you all tomorrow
Lippy has left the room
t2t later Lippy
Cale lol
Cale someone brought up ONXX
MS So Cale what are we betting on? I am waiting for parameters:)
MS brb
Ken-ST Moderator: AMSG new lod however we are wating for pullback/consolidation considering its recentmove
MS Ken did you already scan for type C?
Ken-ST Moderator: yup didnt see anything yet
Ken-ST Moderator: we will likely look for Type C buys shortly
MS OK I am ready
t2t one more ka-ching would be nice :)
MS Oh yes T2T are you going to get in one penny ahead again?
t2t lol, what comes around goes around
t2t your turn this time
MS lol
Cale little pop in the Market
MS t2t - what is the meaning of t2t?
t2t time2trade
MS very nice
t2t i'm a Mike
Cale Jack in the Box??
Cale OMG, is there still Jack in the Boxxs around?
Cale JQ, theres your Melissa
Cale Big eyes
MS I used to have a car license plate " IFLY4U" I fly for you
t2t cool, did i mention that i'm also a Private Pilot?
MS Do you have your IFR rating?
t2t however, i'm not current
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Buy at new high of the day on ARRS 15.46
Ken-ST Moderator: Watching for Type B Buy at new high of the day on ARRS 15.46
Ken-ST Moderator: Watching for Type B Buy at new high of the day on ARRS 15.46
Ken-ST Moderator: Intraday Trend is Sideways to Up
t2t MS, was working on it, about 20 hours hood time but havn't taken the written
Cale HERE WE GO ARRS
t2t the little stock that could
Ken-ST Moderator: Initial stop if triggered will be 15.24
MS T2t will talk after this trade
t2t k
Cale perfect 1.5%
Ken-ST Moderator: mathmagician is the hizzouse
Ken-ST Moderator: in
Cale RRRrrriiiggghhhhttttTTTTTT
JQ OOOOOoooooNNNNNNnnnnnnn
t2t ! CLEAR !
Cale ZAP
JQ IT
djg has entered DayTrading Chat
Ken-ST Moderator: wb
JP has logged out
t2t ack, ARRS doesn't was to come out and play
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Short at new low of the day on AMSG 24.19
Ken-ST Moderator: Watching for Type B Short at new low of the day on AMSG 24.19
Ken-ST Moderator: Watching for Type B Short at new low of the day on AMSG 24.19
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short AMSG 24.19
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short AMSG 24.19
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short AMSG 24.19
Ken-ST Moderator
Ken-ST Moderator: UPDATE: Moving stop on AMSG 24.66
Ken-ST Moderator: UPDATE: Moving stop on AMSG 24.66
Ken-ST Moderator: UPDATE: Moving stop on AMSG 24.66
jorge3 ring ring ring
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in AMSG
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in AMSG
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in AMSG
t2t took some, nice
Ken-ST Moderator: gj gang
MS Oh Boy my fill was 24.04 anyone got better?
kima I too MS
t2t 24.12 here
MS through which ECN t2t?
jeramie 23.96, but had a bad entry
t2t arca
jorge3 MS stop limit worked at 24.17
t2t covered half at 23.9
MS you are already out?
t2t half out MS
t2t stop at entry
kima stop at 24.06
MS jorge3 you went in with a stop limit? what was the high and the low of your stop limit? If I may ask
t2t MS it will jump off the cliff for us :)
MS I hope so. lol
jorge3 MS stop 24.19, limit 24.17
kima Guys, I regularly have crashes with DAS Trader 1.60. Have you the same experience.
t2t no crashes here Kima
kima t2t I have windows Me and you ?
t2t oh, no XP SP2 with 2 gigs of memory
t2t u need to upgrade and get away from ME
t2t IMO
kima I am afraid you are right T2t. Thanks.
t2t stopped out of second halr
t2t half, that is
MS I am P.O I ask for 100 shares @ 24.19 I got filled @24.04. That's 15 cents time 1000 shares = $150.00 rrrrrrrrrrrrrrrrrrrrr
t2t go ahead AMSG, jump the water is fine
t2t you went through ARCA MS?
MS Yes, I am on the phone with them now, and I am screaming my lungs off
MS waiting for the supervisor
t2t MS, peek at the time lag in your log and complain
t2t tear them a new ARCA MS
MS I hate beeing robbed
MS OK they have accepted to cancel the trade -oouf.
t2t good for you MS!
t2t did you look at the time lag in your log?
MS They all a bunch of crooks - you have to bitch if not they eat you alive
MS Yes I did
t2t i only went in with 500 shares and i got in within a second
MS I got in with 1000 shares and it was instant also
t2t the water is filled with sharkes
MS oh yes
t2t sharks
emdee has entered DayTrading Chat
MS I am going for coffe - BRB
t2t where's Scott with our ! hour left call?
jorge3 Ken I dont think theres much time for ARRS
djg has logged out
t2t jorge3, they usually cancel with 1 hour left - but they are busy i guess
jorge3 thanks t2t
Ken-ST Moderator: yes I will cancel the laerts here. The market is stuck in the range.
jeramie see ya 2morrow
Ken-ST Moderator
jeramie has left the room
Ken-ST Moderator: Cancel All Alerts
Ken-ST Moderator: Thats all she wrote gang, any questions?
jorge3 later
jorge3 has left the room
Ken-ST Moderator: bye jorge
MS I made bupkiss today - tomorrow will be the best day ever
pb see y'all tomorrow guys!
MS lol
duke has logged out
pb has logged out
JQ has logged out
Ken-ST Moderator: nice attitude MS
Ken-ST Moderator: see ya pb
kima has left the room
t2t got to run guys, catch you in the AM
t2t looks like AMSG took a dip, hope all got out close to even
Ken-ST Moderator: ok t2t, take care
t2t has logged out
Jim has left the room
MS has logged out
emdee has logged out
Ken-ST Moderator: any questions gang?
Ken-ST Moderator: I will be heading out here
Ken-ST Moderator: Have a great evening
Ken-ST Moderator: Will see you all tomorrow
Ken-ST Moderator: take care
Ken-ST Moderator is no longer a moderator
emilio didn't say hi..lol
Ken-ST Moderator has logged out
larrybill has logged out
MajomX has logged out
seven7 has logged out
kramer12 has logged out
lksobiech has left the room
allegro_bob has logged out
david has entered DayTrading Chat
david has logged out
davids has entered DayTrading Chat
kristi has entered DayTrading Chat
kristi has logged out
dp has logged out