RealityTrader Trading Log

Thursday, January 17, 2008

January 17, 2008

Session Start: Thu Jan 17 00:00:00 2008

Session Time: Thu Jan 17 00:00:00 2008

[04:51] {Threei} AMTD
[04:51] {Threei} REPORTS Q4 $0.40 V 0.39E, R $642M V $623.7ME
[04:51] {Threei} -Client Assets $300B, +6% y/y
[04:51] {Threei} -Net Interest Margin 3.86% v 3.64% q/q
[04:51] {Threei} -Avg Client trades 321.7K v 277.9K q/q with 5% active vs 3.8% active last year
[04:51] {Threei} -Avg Yield per trade $12.84 v $13.00 q/q
[04:52] {Threei} feeds off EFTC or what? :)
[04:52] {hawkfan4} would you blame them :)
[04:53] {Threei} not really
[04:53] {Threei} if you see a man on abrink of abyss, be merciful and push him
[04:54] {hawkfan4} LOL, especially if he's a trader
[04:54] {Threei} "It's a jungle out there baby"
[04:54] {hawkfan4} tough market, longing for the "easy" market of 2007
[04:55] {Threei} video illustration to above: http://www.realitytrader.com/vad/playing%20nice.gif
[04:55] {Threei} it will be back... cycles, you know
[04:55] {hawkfan4} lol, that's funny stuff
[04:58] {Threei} this period we are going through is just high emotions stage
[04:58] {Threei} readability is much tougher in the hottest moment
[04:59] {Threei} too many conflicting interests and emotions, movements become jerkier
[05:00] {Threei} noticed how much easier trading is in stocks that for this or that reason move on their own merit, with no regard to market?
[05:01] {hawkfan4} absolutely! even those are getting jerked around a bit in this. quick scalping is the way to go, i'm sure you wouldn't argue with that
[05:01] {Threei} well... if I would, it would be only out of general habit to argue with everything {G}
[05:02] {hawkfan4} lol
[05:03] {Threei} people that have to endure me in day-to-day life know well how annoying "ever the contrarian" can be :)
[05:05] {Threei} FRPT another contract... what a dog
[05:05] {hawkfan4} a permenant memeber of my "no-trade" list
[05:06] {Threei} I never made it official for myself... but yeah, I do avoid it for quite a while
[05:09] {Threei} CHINA is another one on that list... and tries to move today too
[05:10] {hawkfan4} yeah, i usually avoid those, CHINA, ASIA, moves are too erratic. I prefer easier ones, like COIN {g}
[05:11] {Threei} lol
[05:11] {Threei} well... surprizingly COIN/SEED kind can be very easy to profit from at the right time
[05:12] {hawkfan4} absolutely. SEED i actually bought the day before the move and held over night. Just looked right to me
[05:12] {Threei} I know the feeling
[05:12] {hawkfan4} COIN has that look but it needs the market
[05:12] {Threei} you look at it and just know what is going to happen
[05:13] {hawkfan4} absolutely
[05:14] {Threei} SEED had all the "facial features" of momo in the making
[05:14] {Threei} although for the world of me I wouldn't be able to put them in words
[05:17] {hawkfan4} the solar decimation has been amazing. some cut in half in 2 weeks
[05:19] {dptl} good morning all
[05:19] {Threei} dp :)
[05:19] {dptl} woke up early today for some unknown reason
[05:20] {Threei} same here
[05:20] {dptl} hmm
[05:37] {magoo} morning rt
[05:38] {Threei} magoo :)
[05:45] {magoo} vad, penguins are too funny lol
[05:45] {Threei} :)
[05:47] {cosmo} FRPT
[05:47] {magoo} i sent them to my wife
[05:47] {magoo} reminds me of our marriage relationship
[05:48] {magoo} im the 1 taking the drink sigh he he
[05:48] {Threei} lol... just wanted to say, don't give her ideas
[05:51] {BillyD} morning guys
[05:52] {Threei} billy :)
[05:52] {Threei} keeping an eye on solars for bounce
[05:52] {Threei} SOLF, CSIQ
[05:55] {cosmo} LOGI
[05:58] {magoo} JASO vad, toughie, but could go multiple points if solars are revitalized
[05:59] {Threei} yes... one of those "if you can handle the volatility"
[06:03] {BillyD} don't see anything that reall y stands out so far
[06:03] {Threei} no
[06:03] {BillyD} ty
[06:08] {bruce} that was odd to hear a call from you in IBM yesterday vad
[06:08] {bruce} NEVER HEARD YOU TRADE THAT BEFORE
[06:09] {bruce} google today?
[06:09] {Threei} well, listed ones started trading in more modern way relatively recently
[06:09] {bruce} k - just such a name brand - you usually stay away from them
[06:10] {Threei} mostly because they don't tend to move nicely
[06:10] {Threei} but IBM did yestyerday
[06:10] {dino} gm all
[06:11] {Threei} dino :)
[06:11] {BillyD} dino :)
[06:13] {dino} :)
[06:13] {esemde} ah ha!!!!am in...my kids disconnected cable to computor.....
[06:13] {Threei} lol
[06:13] {Threei} hi ese :)
[06:13] {esemde} how are you alll
[06:14] {Threei} well... cat yesterday elected to grab the cable modem with both paws, and drop on the floor with it
[06:14] {Threei} guess what... I haven't even lost connection
[06:15] {bruce} that cat doesn't want you trading vad
[06:15] {Threei} well, it sure wants to eat
[06:16] {esemde} this computor is an antique.....least little thing goes wrong....i'm toast
[06:16] {Threei} so it will have to make its peace with me trading
[06:16] {BillyD} windows 3.1 ese?
[06:16] {bruce} looking at listed - mck looks poised for breakout if it goes beyond 68.40
[06:16] {Threei} couple big offers chase SOLF down
[06:17] {esemde} ha ha ha not quite....tower of this particular computor 1998
[06:17] {Threei} one stays at .70, another moves down with price
[06:17] {BillyD} 95' lol
[06:17] {magoo} solf your prime candidate so far vad?
[06:17] {esemde} have a toshiba tecra A4 laptop
[06:17] {esemde} also
[06:17] {BillyD} WIN 98?
[06:17] {Threei} just one of... but I like these offers as an indicator of strength if taken
[06:18] {Threei} or if the cancel as soon as they got it where they want to buy :)
[06:18] {Threei} both SOLF and CSIQ sold down into big support area on daily
[06:18] {esemde} no...actual year of computor
[06:18] {Threei} started showing signs of bounce
[06:19] {BillyD} ok
[06:19] {esemde} not upgradable
[06:19] {Threei} if market finally shakes off this persistent selling, they are good once to ride the wave
[06:20] {esemde} am also looking at them Vad...my solar screen ...green most of it
[06:20] {bruce} zion vad ? anopther possible reversal candidate
[06:21] {Threei} unfamiliar to me bruce, got to look how it trades
[06:21] {magoo} fslr has 20-30 points of bounce potential if the scenario developes
[06:22] {BillyD} Vad, thought you might like to know.....I broke down and replaced 7 yr old mouse
[06:22] {Threei} unlike solars that had nice momo just recently, ZION was under selling pressure for quite a while
[06:22] {Threei} hmmm... then mine maybe approaching the end of its life cycle too billy...
[06:23] {cosmo} 7 years is pretty good for a mouse
[06:23] {roeder} solf
[06:24] {cosmo} LOGI pre mkt high = 27.82 ...so far
[06:24] {cosmo} ... if its a healer..
[06:29] {dino} spwr more blood
[06:30] {Threei} SOLF .75 half lot long
[06:31] {Threei} if loses .40, will wait
[06:32] {Threei} CSIQ behaves better
[06:33] {magoo} fslr bounce time
[06:33] {Threei} SOLF setup is back
[06:33] {Threei} ugh
[06:33] {magoo} in SOLF .69
[06:33] {Threei} blasted through
[06:33] {Threei} good reflexes magoo
[06:34] {dino} spwr sm l 87.50, wide
[06:34] {magoo} wait 21
[06:34] {Threei} CSIQ, watching if get pullback to about .40
[06:34] {magoo} OUT
[06:34] {magoo} ty vad
[06:34] {Threei} wtg
[06:34] {Threei} welcome
[06:35] {Threei} beat me on exit, I dumped .91
[06:35] {magoo} got lucky entry
[06:35] {magoo} hey arca good today, mine hidden
[06:35] {dino} gj
[06:35] {Threei} 21 break solf
[06:35] {magoo} ARCA ok?
[06:35] {Threei} stop under .80
[06:36] {Threei} sdo far yes
[06:36] {Threei} OK, CSIQ near .40, watch for strength
[06:36] {magoo} ty
[06:36] {bruce} l spwr 86.6
[06:37] {Threei} solf .56 long, stop under .50
[06:38] {dptl} stopped
[06:38] {magoo} in CSIQ .32
[06:39] {bruce} stopped spwr -.23
[06:39] {Roman} DNDN watching
[06:39] {Roman} maybe a slow riser
[06:40] {Roman} taking small 6.55
[06:40] {Roman} NVDA
[06:40] {Roman} bouncer with NQ
[06:41] {Roman} we got some economic ### due at 10:00 a.m.
[06:41] {Roman} some some NVDA small 24.22
[06:41] {magoo} wait .89 csiq
[06:42] {magoo} out TY vad
[06:42] {BillyD} gj magoo
[06:42] {Threei} good one
[06:42] {dino} i think bernie speaks at 10
[06:42] {magoo} i hit first strenghth your call
[06:43] {Threei} don't chase them, pullbacks are brutal
[06:43] {Threei} wait for pullbacks, time entry with NQ upward move
[06:45] {Threei} CSIQ, 18.80 is area to watch for entry on pullback
[06:46] {Threei} if holding above .20, then .50 long trigger
[06:47] {magoo} going 20 before 18.80
[06:47] {Roman} long ESLR
[06:48] {Roman} full size 13.09
[06:52] {magoo} u reloading csiqw vad off .50 here?
[06:52] {Threei} yes if NQ breaks 1905
[06:52] {Roman} out NVDA
[06:52] {magoo} naz should brearthe here imo
[06:53] {Roman} out ESLR
[06:53] {Roman} -.03
[06:53] {dino} out spwr 88.28, +.78
[06:54] {magoo} here it comes...ben approaching too
[06:54] {bruce} nice dino
[06:54] {magoo} can not imagine ben crushihg nmkt
[06:54] {magoo} comes=breather
[06:55] {dino} lucky bruce nasty pullback
[06:55] {magoo} i know dino.anything can happen
[06:55] {magoo} :)
[06:55] {dptl} stopped eslr -.17
[06:56] {bruce} same dp
[06:56] {dino} bernie in 5
[06:58] {magoo} careful with naz here..decision time
[06:58] {BillyD} is there an actual rate cut decision?
[06:58] {magoo} no. ..speach
[06:58] {BillyD} ok
[06:58] {magoo} but talk coulfd move mkts
[06:58] {magoo} mkts looking..desperate for anything to bounce
[06:59] {BillyD} even if he smiles
[06:59] {bruce} yes - enterd $1 below you and still got stopped dino
[06:59] {bruce} didn't allow enough
[07:00] {BillyD} arca sticking
[07:00] {Threei} *JAN PHILADELPHIA FED INDEX: -20.9 V -1.0E
[07:00] {magoo} breaking news
[07:00] {Threei} huh?
[07:00] {magoo} cnbc
[07:01] {Threei} -20.9 V -1.0E?
[07:01] {magoo} [09:58] {magoo} careful with naz here..decision time
[07:01] {magoo} exact
[07:01] {Threei} FED'S BERNANKE: FISCAL STIMULUS COULD BE HELPFUL IN PRINCIPAL, CORE INFLATION HAS STEPPED UP RECENTLY- Says inflation should moderate this year and next, vows substantive rate cuts if needed
[07:01] {Roman} NAZ green today
[07:01] {magoo} magoostradamas lives
[07:01] {Roman} IMO
[07:01] {dino} blah, blah, blah, moving on
[07:02] {magoo} vad, u win ..csiq hit 18.80 before my 20 :)
[07:02] {bruce} grmn worth try long?
[07:03] {Threei} and bouced right off it
[07:03] {bruce} stopped dndn
[07:03] {Threei} bruce, yes but not righto selling
[07:03] {magoo} edge issues again notice...worthless exchange
[07:03] {BillyD} gonna let the mkt digest this
[07:04] {magoo} yes..i out of all
[07:04] {magoo} lets see
[07:04] {Threei} GRMN close to 64
[07:04] {bruce} k
[07:04] {bruce} thanx vad
[07:05] {Threei} bid it here
[07:06] {Threei} ARCA started its bs magoo, keep it off
[07:06] {magoo} oh ok ty
[07:07] {dptl} stooped grmn.......
[07:07] {magoo} funny..never used or knew how to hide with 3 yrs of laser..now use it everyday
[07:07] {magoo} he he..the little things
[07:08] {BillyD} after several lessons you got it
[07:08] {BillyD} :)
[07:08] {magoo} UBSST? whats that one?
[07:08] {dptl} mm
[07:08] {bruce} stopped grmn -.30
[07:11] {Threei} that Phil index seems to be not a mistype
[07:11] {Threei} *JAN PHILADELPHIA FED INDEX: -20.9 V -1.0E, LOWEST READING SINCE OCT 2001
[07:11] {Threei} - Employment: -1.5 v 0.5 prior
[07:11] {Threei} - Prices Paid: 49.8 v 35.0 prior
[07:11] {Threei} - Inventories: -6.7 prior
[07:11] {Threei} - Six-month business conditions outlook: 5.2 v 7.7 prior
[07:13] {Threei} NVDA, watch if it's abale to hold .30
[07:13] {bruce} stopped again grmn -.20
[07:13] {Threei} bruce... falling knife...
[07:14] {bruce} tried for bounce of 63
[07:14] {dino} meli
[07:15] {Threei} lost .30 NVDA, no play for now
[07:15] {magoo} ben on cnbc
[07:16] {magoo} i guess he is killing it..dino right..u never know
[07:16] {magoo} vad "ben bounce too obvious"
[07:17] {dino} meli l trig 50.25 imo
[07:18] {dino} nah, market falling
[07:20] {bruce} uptend in mon definitely done patience
[07:20] {magoo} vad, pull up qqqq minute chart
[07:20] {magoo} nasty bear
[07:20] {Threei} I watch NQ
[07:21] {magoo} oh..ok...be that way
[07:21] {magoo} :)
[07:21] {cosmo} QID nice rally
[07:21] {bruce} you waiting for meli to uptick dino?
[07:23] {dino} ensg
[07:23] {dino} no
[07:24] {Threei} BERNANKE:SEES ECONOMY CONTINUING TO GROW, EXPECTS BELOW TREND GROWTH UNTIL EARLY 2009 -
[07:28] {dino} wow dji -500 pts since monday
[07:31] {dino} aapl lod
[07:31] {dino} rrst blood
[07:34] {dino} he has given the shorts the worry-free trade by no surprise, getting too close to meeting to bother
[07:34] {dino} pcln
[07:35] {bruce} maybe we should be shorting instead of trying longs?
[07:35] {Threei} who is trying longs?
[07:35] {cosmo} qid
[07:35] {dino} just sit back and wait.......down hard
[07:35] {Threei} QID goes up by definition when NASDAQ goes down
[07:36] {BillyD} it seems QID makes move before I can see it on QQQQ
[07:36] {cosmo} 1.5 times more leverage too
[07:37] {cosmo} ... or something like that
[07:37] {dino} watch the $ndx
[07:37] {dino} bd
[07:37] {BillyD} use to and switched
[07:37] {BillyD} I'll try...thx
[07:37] {dino} man i missed pcln l
[07:38] {dino} apol
[07:39] {Threei} IBM short half lot
[07:39] {Threei} stop .51
[07:39] {dino} eqix
[07:39] {dino} sm l .35
[07:40] {Threei} 1:1 IBM
[07:40] {BillyD} nice Vad, put order in .30 and missed...thought for sure a fill
[07:41] {BillyD} forget....NYSE
[07:41] {dino} too soon stopped -.40
[07:41] {Threei} couple cents out of market on it usually do the trick
[07:41] {Threei} nah, it's mostly ECN trading these days
[07:41] {Threei} quite nice fills
[07:41] {BillyD} saw a bid at .30 when enetered...then it turned oh well
[07:41] {Threei} nothing like it used to be
[07:42] {BillyD} not sure if NYSE was bid at time
[07:42] {Threei} do same thing as on NASDAQ, limit order a few cents out of market
[07:42] {dino} eqix maybe rinsed, double bottom
[07:42] {Threei} long now IBM
[07:42] {Threei} stop under 102
[07:42] {dino} meli l .25 break
[07:43] {dino} apol strong
[07:45] {bruce} missed meli entry
[07:46] {dino} mdtl spike
[07:46] {dino} got it
[07:46] {dino} eqix l .00 imo
[07:47] {Threei} trailing IBM to under .10
[07:51] {bruce} stopped IBm
[07:51] {bruce} sheesh - 6 straight losses today - no wins
[07:51] {BillyD} mkt drop killed it
[07:51] {magoo} i think roman correct...mkts green at close...just a feeling
[07:52] {magoo} rough ride tho
[07:53] {magoo} sorry to hear bruce...take a break..do not push
[07:55] {dino} we all have those days bruce
[07:55] {bruce} thanks dino, mags
[07:55] {bruce} been one of those months
[07:55] {magoo} its been a tough month in my opinion...been saying that
[07:55] {bruce} course ibm goes now after stopping me
[07:56] {magoo} i am sizing down a little and widening stops to avoid rinses...equals same stop loss of $200
[07:57] {dino} thats what i did magoo, 300 share lots
[07:57] {magoo} yeah..u gave me that advice..been working this week
[07:57] {dino} meli and eqix working
[07:57] {bruce} me too mags - going small
[07:57] {dino} anyopne took tighten or get out
[07:58] {magoo} vad had 2 quid calls yesterday that rinsed than ran
[07:58] {bruce} \missed em dino
[07:58] {dino} there will be 5 more today. no worries
[07:59] {magoo} nasty jerking..so if IF i have a feel of direction...want to give it a lil room..but need to protect so size accordingly
[08:01] {dino} out eqix 77.35, +1.35
[08:02] {dino} way soon
[08:03] {dino} sigm
[08:03] {dino} l .45
[08:03] {dino} stop lod
[08:05] {esemde} take care everyone..have a great rest of the day...mostly watching the last couple of days...can't make hide nor hair of the market...best leave it up to the pros.....that would be you!
[08:05] {magoo} wait ES!
[08:05] * magoo slaps esemde around a bit with a large trout
[08:05] {esemde} what....
[08:05] * magoo slaps esemde around a bit with a large trout
[08:05] {esemde} huh!!!
[08:05] {Threei} are you ever glad you waited
[08:05] {dino} cya es
[08:06] {esemde} i'm otta here
[08:06] {magoo} now u can go he he..have good day:)
[08:06] {bruce} l sigm .41
[08:06] {bruce} see you ese
[08:06] {BillyD} bye ese
[08:08] {dino} comp green
[08:10] {bruce} sigm stop to .20
[08:12] {dino} agree
[08:15] {Threei} does NASDAQ look like dropping again to you?
[08:16] {dino} y
[08:16] {Threei} long QID then
[08:16] {dino} sigm stopped -.26
[08:16] {bruce} stopped sigm
[08:18] {dino} good stop
[08:19] {bruce} thanx dino
[08:19] {bruce} 7 in row now though
[08:19] {dino} it rinsed us, lol
[08:19] {dino} no time to be a hero
[08:24] {dino} wabc
[08:25] {Threei} here goes QID
[08:25] {magoo} wheres your entry?
[08:25] {Threei} was at .67 at the time, don't even think about entering that high
[08:26] {magoo} ok..gotcha boss
[08:31] {dino} wabc s .00, stop .33
[08:32] {bruce} tried but not shortable here dino
[08:33] {dino} who you have
[08:33] {dino} exac
[08:34] {dino} too thin
[08:34] {bruce} laser genesis dino
[08:34] {bruce} pretty good with short list most of time
[08:35] {magoo} bruce, u retail or bear?
[08:35] {bruce} bear
[08:36] {magoo} ok, cool
[08:36] {bruce} works for me
[08:36] {dino} wabc bstop to .12
[08:37] {Threei} dino
[08:38] {Threei} MON, down very 10 points third day in a row
[08:38] {Threei} very = over
[08:38] {magoo} cramer keeps talking writing about it too
[08:38] {bruce} yes - was waqtching it myself vad
[08:39] {bruce} thought it might go green today
[08:39] {bruce} big hit for the long term holds last ouple days
[08:41] {dino} wabc bstop to .36
[08:41] {dino} on my screen
[08:41] {dino} cov wabc .39, +.61
[08:42] {dino} wow mon
[08:42] {dino} to 95 and bounce?
[08:42] {dino} no takers on wabc huh
[08:43] {dino} patience, we are close to our 250 range again
[08:44] {bruce} no idea on mon dino- but it broke thru strong support at 100 so would think the investors are dumping now
[08:44] {patience} you think for today? can't tell....just watching ag stoks to drop below 30 rsi, and do a scalp
[08:44] {Threei} PACT IMOBILE SELECTED BY MOTOROLA CHINA TO DESIGN AND OPERATE THE MOTO ECOMMERCE PORTAL
[08:50] {bruce} klac short?
[08:52] {dino} not for me
[08:53] {magoo} hey vad..thats twice u told me not to chase and u made good cake lol{yesterday COIN}
[08:53] {dino} sm wide, risky, l mon .50
[08:53] {magoo} trying to keep me down lol:)?
[08:54] {Threei} yes mags... eliminating competition {G}
[08:54] {Threei} bruce... stop would have to be over .80
[08:55] {Threei} looks to me like NQ makes one more little bounce before breakdown
[08:55] {bruce} see that vad - was lookingat shorting about .70 - stop too big for my taste on his one now
[08:55] {Threei} aggressive entry on KLAC and QID if so, KLAC short, QID long
[08:57] {Threei} got .22 on QID
[08:57] {Threei} .09 stop
[08:57] {Threei} KLAC no bounce
[08:58] {Threei} now there is, look for entry
[08:59] {bruce} took qid
[08:59] {bruce} hope I don't jinx it
[08:59] {Threei} need NQ to lose 1870
[09:00] {Threei} got .70 on KLAC, stop .81
[09:01] {Threei} half out on both
[09:02] {dptl} out+.15 qid ty
[09:02] {dino} gj
[09:02] {Threei} welcome dp
[09:03] {Threei} offering QID second half .55, stop to .29
[09:03] {Threei} bidding KLAC second half at .45, stop to .65
[09:04] {bruce} took .12 qid - needed a win
[09:04] {Threei} not blaming you
[09:04] {magoo} 182 down
[09:05] {bruce} should have held butno nerve
[09:05] {Threei} taking small wins is a confidence restorer
[09:05] {magoo} add up too
[09:05] {dino} de wow
[09:05] {magoo} 3 $20-0 = $800 bux
[09:06] {Threei} not looking to re-enter for now, not sure trend is intact
[09:07] {bruce} nice retarcement entry on klac vad
[09:08] {Threei} in jerky downtrending market aggressive entries are safer
[09:08] {bruce} agreed
[09:11] {BillyD} Vad, does QID actually follow the lead of NQ....it seems from watching there is also anticipation of the NQ move?
[09:14] {Threei} sometimes, yes
[09:14] {Threei} but mostly it follows
[09:14] {BillyD} ok, thx
[09:15] {bruce} was your entry 98.50 mon dino?
[09:16] {dino} 97.50
[09:16] {magoo} nice 2 calls vad
[09:17] {bruce} k so 1.50 stop that was wide
[09:18] {dino} y
[09:19] {bruce} dewfinitley wide - will need to factor that in when you say you have a wide stop
[09:21] {dino} size accordingly
[09:21] {magoo} so now u even ignoring me? {as i run to nearest rock}
[09:21] {Threei} who?
[09:21] {Threei} me?
[09:22] {bruce} no one ignoring you mags
[09:22] {bruce} just to prove it
[09:22] {Threei} I beg to differ bruce
[09:22] * bruce slaps magoo around a bit with a large trout
[09:22] {Threei} here is my version of answer:
[09:22] {Threei} I am ignoring everyone, why do you think you should be exemption?
[09:22] * bruce slaps Threei around a bit with a large trout
[09:23] {Threei} and now you know why {G}
[09:28] {bruce} taking break
[09:32] {Threei} FED'S FISHER: READY TO TAKE SUBSTANTIVE ACTION POLICY ACTION, BACKS ACTION IF INFLATION IS CONTAINED- Global growth driving up inflation pressures
[09:32] {Threei} we just can't win, can we?
[09:32] {Threei} global growth is bad, absense of global growth is bad
[09:32] {Threei} is there anything good left on this planet?
[09:33] {magoo} my i tentions are good..results just bad
[09:34] {dino} out mon 100, +2.50
[09:36] {magoo} NICE
[09:36] {Threei} high five dino
[09:37] {dino} avtr
[09:37] {Threei} second day I try to attract your attention to this one... good to see you nailing it
[09:37] {dino} ty vad for heads up
[09:37] {Threei} it just felt like your kind
[09:46] {dino} avtr
[09:52] {BillyD} hard to get a real confirmation on QID here
[09:52] {BillyD} now I do
[09:53] {BillyD} were you watching it Vad
[09:53] {BillyD} I was looking short
[09:53] {Threei} no, sorry
[09:53] {Threei} from chart, looks valid
[09:53] {BillyD} ok, trying to get in sync with it
[09:53] {Threei} but didn't watch actual trading
[09:54] {BillyD} it seems by time a see a good confirmation....it moves already
[09:55] {BillyD} tough to keep a tight stop with the jerkiness
[10:08] {bruce} maybe better with wider stops billy
[10:08] {bruce} smaller shares
[10:08] {bruce} even vads last qid trade came within 1c of stopout
[10:08] {dino} acor
[10:09] {BillyD} yes bruce, just the moves direction can change pretty quick
[10:09] {bruce} yes - for me - several of my trad4s would have workedif gave them more room
[10:10] {BillyD} ACOR?...all the crazies out today
[10:10] {bruce} tough call - but not ehlpful to have small stops if almost all get stopped out
[10:10] {BillyD} yes
[10:11] {bruce} crazies billy - you talkin bout mags?
[10:11] {dino} lol
[10:12] {dino} he's running around like a happy schoolgirl today
[10:13] {bruce} maybe he is a schoolgirl
[10:13] {dino} roflol
[10:13] {bruce} acor short here dino?
[10:13] {dino} market going up, not sure
[10:14] {bruce} k
[10:14] {dino} rather it hits 25ish
[10:15] {bruce} what is your max stop dino - seems like 2.50 or so?
[10:16] {dino} edu
[10:16] {dino} depends on size, max loss of 250-300
[10:16] {bruce} k
[10:16] {bruce} so only played 100 shares or so in mon?
[10:17] {dino} w/200-300 pts market ranges, have to size down to not get stopped all over
[10:17] {bruce} k- thats been happening to me
[10:17] {dino} 200 actually
[10:18] {dino} when you string together lots of stops, you must either size down or pullback
[10:18] {dino} imo of course
[10:19] {bruce} k
[10:20] {dino} remember rule #1
[10:21] {dino} you must stay in the game
[10:21] {bruce} blame magoo?
[10:22] {dino} lol
[10:22] * bruce slaps magoo around a bit with a large trout
[10:22] {BillyD} you mean keep trading actively dino or capital preservation?
[10:22] {BillyD} both to an extent
[10:23] {dino} always prtect your capital...you must stay in the game, otherwise out of business
[10:23] {dino} never any reason you must trade
[10:23] {BillyD} yep
[10:25] {bruce} missed acor - it almost hit 25 then reversed
[10:26] {dino} i over thougt it
[10:27] * magoo slaps bruce around a bit with a large trout
[10:27] {bruce} ouch - Ihardly deserved that mags
[10:27] {bruce} not like I ever did that to you
[10:28] {bruce} hurt my feelings
[10:28] * bruce slaps magoo around a bit with a large trout
[10:28] {dino} edu sm l .80
[10:29] {dino} stop lod
[10:31] {bruce} couln't get .8 fill
[10:31] {bruce} waiting for retracement on it
[10:32] {bruce} nice dino
[10:32] {dino} thx
[10:32] {dino} you in
[10:33] {bruce} no
[10:33] {bruce} read above - didn't get filled
[10:33] {bruce} and not going to chase today
[10:33] {dino} ok
[10:34] {dino} don't chase
[10:34] {bruce} could have got .95 I think but wanted closer to your .8
[10:36] {dino} out .91, +1.11
[10:37] {bruce} very nice
[10:37] {dino} ty
[10:39] {Threei} AKAM half lot .21 long
[10:40] {dptl} stop?
[10:40] {Threei} .09 stop
[10:43] {dino} rvbd l .49 stop lod
[10:48] {BillyD} how about that little mkt spike
[10:49] {bruce} sorry vad- jinxed akam
[10:49] {Threei} ?
[10:50] {bruce} hit .09
[10:50] {Threei} it went within 1 (one) cent of 1:1, market dropped like crazy and it stayed within 1-3 cents off the 1:1 for a min - and you didn't exit?
[10:50] {Threei} come on
[10:50] {dptl} stopped akam
[10:51] {Threei} you guys...
[10:51] {dptl} yes that was a mistake
[10:52] {dptl} was offering .36 it went to .32
[10:52] {bruce} sorry vad - never quite hit 1 to 1
[10:52] {Threei} let's see
[10:52] {Threei} .21 - 0.09 = .12
[10:53] {Threei} .21 + .12 = .33
[10:53] {Threei} it topped at .32
[10:53] {Threei} which is "within 1 cent of 1:1" as I aaid
[10:53] {Threei} is my math wrong?
[10:53] {bruce} yes - with 21 entry call -
[10:54] {bruce} anyway - its done
[10:54] {Threei} if you had to enter a bit higher, it doesn't change chart
[10:54] {Threei} stock continues moving by chart rules, it has no idea about your entry, right?
[10:54] {Threei} obey chart, not your entry
[10:55] {BillyD} may I interject
[10:55] {bruce} understood vad - maybe I wasn't reading right
[10:56] {dino} rvbd stop to .28, mkt falls
[10:56] {BillyD} I think what Vad is saying, is that it was within 1 penny of 1:1 and the mkt spike down should have raised caution to exit early
[10:56] {Threei} eqzaktly
[10:56] {Threei} and AKAM was kind enough to wait for us
[10:57] {Threei} not dropped right away when market did
[10:58] {BillyD} sometimes you can get caught up executing exactly to the black & white strategy and forget to let the flavor of the trade tell when to adjust the plan
[11:00] {Threei} I thought it was a given after you guys exited QID trade a bit early last time around
[11:00] {Threei} and that one was still performing when you did...
[11:01] {bruce} sorry vad - been hammered today - trying not to let that cause me to do early exits
[11:01] {bruce} early exits with full stops is just another recipe for failrue
[11:02] {bruce} anyway - it's done
[11:02] {Threei} well, early is one thing... but 1 cent is another :)
[11:02] {Threei} it falls into "don't be that literal" category
[11:03] {BillyD} you crack me up Vad with that saying
[11:03] * bruce slaps bruce around a bit with a large trout
[11:03] {BillyD} you are one of the most literal people I know
[11:04] {BillyD} providing it's not time to deviate
[11:04] {BillyD} it's knowing when to is the key
[11:04] {Threei} really?
[11:04] {BillyD} yes
[11:04] {Threei} hmmm... and I thought I was flexible one
[11:05] {Threei} and illiteral
[11:06] {BillyD} where is Raven? is that a real word
[11:06] {dino} circling
[11:06] {BillyD} lol
[11:13] {Threei} looked it up
[11:13] {Threei} illiterature would be the better word
[11:14] {Threei} what's with SNIC
[11:14] {Threei} no news
[11:17] {dino} -203
[11:18] {dino} typical 250 range
[11:18] {dino} rvsn death
[11:18] {dino} rvbd stopped .30, -.19
[11:20] {bruce} sorry dino
[11:20] {bruce} watched it
[11:21] {bruce} small stop anyway
[11:24] {dino} yeah, it happens
[11:24] {dino} good day so not really affecting me
[11:25] {dino} rvsn l around 9.60 thinking
[11:25] {dino} 8.60 i mean
[11:25] {Raven} illiterate ?
[11:25] {Threei} finally
[11:25] {Raven} was thinking'
[11:26] {Threei} I was looking for a third wrong version to flush you out
[11:27] {Raven} lol
[11:27] {bruce} joyg triple bottom
[11:28] {dino} directors just5 sold couple million shares
[11:29] {dino} released 1:57
[11:30] {Threei} one more bounce NQ, then total breakdown
[11:30] {Threei} 1860 loss should do it
[11:30] {magoo} u in quid?
[11:31] {magoo} QID
[11:31] {Threei} looking for a trade on it
[11:31] {Threei} in
[11:32] {dptl} where?
[11:32] {Threei} .55
[11:32] {Threei} anticipatory entry
[11:32] {Threei} counting on breakdown
[11:32] {dino} gfig
[11:33] {dptl} where is your stop?Vad
[11:34] {Threei} originally .39
[11:34] {Threei} but trailing now
[11:34] {Threei} .49
[11:35] {Threei} half out
[11:36] {Threei} battle for 1860
[11:36] {BillyD} out ty Vad
[11:36] {Threei} welcome
[11:36] {patience} out, ty vad...nothing like a little rush :)
[11:36] {Threei} :)
[11:36] {dptl} missing everything for two days
[11:37] {Threei} back in
[11:37] {Threei} .49 stop this time
[11:39] {Threei} enough games NQ... break down that wall
[11:39] {Threei} hey, wrong wall
[11:40] {Threei} yes, this wall
[11:40] {Threei} half out
[11:41] {Threei} oh boy... die already NQ, will ya
[11:41] {magoo} 242 down dow
[11:41] * Threei kicks NQ in the groin
[11:41] {dptl} out +.24 qid ty
[11:41] {magoo} nice read on naz u had there
[11:41] {BillyD} nice dp
[11:42] {Threei} no dp thank YOU
[11:42] {Threei} made me feel better :)
[11:42] {dptl} :)
[11:42] {dino} ok, theres your 300 point range
[11:43] {dino} gj dp
[11:43] {dptl} ty
[11:43] {Threei} raven... look at these two, incapable of speaking in words longer than two letters each
[11:43] {Threei} gj
[11:43] {Threei} dp
[11:43] {Threei} ty
[11:45] * Threei desperately trying to exonerate himself in raven's eyes
[11:48] {Raven} {---- back from getting tea ... what are you yammering about anyway ??
[11:48] {Threei} as if anyone knows
[11:48] {Raven} sheesh
[11:48] {Threei} NQ held
[11:49] {Threei} nice downdraft but no meltdown
[11:49] {Threei} enough to profit, not enough to make a killing
[11:49] {Raven} SELL !!!!!!!!!!!! er, no, BUYYYYYYYYYYYYY !
[11:49] {Raven} whatever
[11:50] {Threei} congratulations guys
[11:50] {Threei} we are so insane, we managed to infect the only reasonable one among us
[11:51] {Threei} he was the last pillar of sanity in this room
[11:51] {Threei} I know, magoo tried to claim that title but...
[11:53] {bruce} wynn trying to break down
[11:54] {dino} rally coming imo, some serious damage out there
[11:55] {dino} twin l trig. .25 imo
[11:55] {dino} sm
[12:01] {dino} back in 10
[12:08] {BillyD} QID jumped .20 before I could see it on my NDX chart
[12:09] {BillyD} were you watching Vad
[12:09] {Threei} NQ teleportation too
[12:09] {Threei} yes
[12:09] {BillyD} ok
[12:09] {Threei} jerky jerky
[12:09] {BillyD} no way to trade that
[12:09] {Threei} no
[12:10] {BillyD} you have watch a tick chart for it
[12:11] {bruce} meli dino
[12:12] {BillyD} sorry, what I meant was Vad, have you ever watched a tick chart for NQ
[12:12] {dino} watching it
[12:12] {Threei} no
[12:12] {Threei} 1 m in is shallow enough for me :)
[12:13] {BillyD} do you have a candle on it?
[12:13] {Threei} yes
[12:13] {BillyD} ok
[12:16] {dino} gfig again
[12:17] {dino} missed it again, sheesh
[12:18] {dino} twin stopped -.40
[12:19] {bruce} I dumped it at 23
[12:20] {dino} smart
[12:20] {bruce} I wish
[12:21] {bruce} seems the best reversals work out right away and blast out of gate
[12:22] {bruce} looks like a higher low in meli now
[12:23] {Threei} breakdown is possibly in cards still
[12:23] {dino} 72 .30 l sm
[12:23] {dino} gfig
[12:23] {dino} didn't think it would get to me
[12:24] {bruce} kind of looks hta way vadster
[12:24] {magoo} at these levels...what u think? program buying or selling kick in to bell
[12:24] {Threei} feels like selling is more likely
[12:25] {bruce} thats a lot of selling for one day
[12:25] {Threei} NQ is just -18
[12:26] {magoo} comp -34?
[12:26] {Threei} yup
[12:26] {dino} stop to 73.48
[12:26] {Threei} here we go
[12:26] {dptl} qid?
[12:26] {Threei} not here
[12:26] {Threei} anticipatory entries is the only way
[12:27] {dino} out major slippage at .15 ave, +.85
[12:27] {BillyD} yep
[12:27] {dino} f#ck me, ran to 74
[12:28] {bruce} blame magoosky
[12:28] {magoo} he is hes yelling at me
[12:28] {dino} insult to injury, sheesh
[12:30] {BillyD} was wanting a dip into .60's for QID
[12:30] {Threei} yeah, this time NQ bounce was weaker
[12:31] {dino} market dumping
[12:31] {bruce} edu double bottome dino
[12:31] {dino} so much for my rally
[12:31] {dino} going lower i think bruce
[12:32] {bruce} k- probably notgreat place for long aempt then
[12:32] {bruce} I can make it go long though
[12:32] {bruce} \if I short here
[12:33] {dino} lol
[12:34] {dino} everythings' broken
[12:34] {bruce} you think I'm kidding?
[12:34] * bruce slaps magoo around a bit with a large trout
[12:34] {bruce} my trouter is only hing that still wor4ks
[12:38] {dino} it did go up a dime
[12:39] {dino} 12,800 to 12,100 in 5 days
[12:39] {dino} wow
[12:39] {magoo} bruce, it sure does work
[12:39] {dino} 11,900ish last feb/mar lows
[12:40] * bruce slaps magoo around a bit with a large trout
[12:40] {bruce} yup - still workin
[12:40] {dino} 2330, for comp
[12:40] {bruce} joyg long try here dino?
[12:41] {Threei} is Mon day off?
[12:41] {patience} y
[12:41] {Threei} cool... ty
[12:41] {dino} lmia crash
[12:42] {bruce} thought you were giving a trading seminar to us all that day vadster?
[12:42] {bruce} no rest for the wicked
[12:42] {dino} dk bruce
[12:45] {bruce} no momo in it dino
[12:45] {Threei} if I do, you know I lost it finally
[12:45] {bruce} jll?
[12:46] {dino} no
[12:47] {Threei} down it is
[12:47] {dino} i'm done
[12:47] {dino} enough of this
[12:47] {Threei} fork, quick
[12:48] {BillyD} maybe a couple of capitulation days would be good imo
[12:48] {dino} think we've had a couple
[12:48] {Threei} even one would be enough but we just can't get it
[12:48] {BillyD} yep
[12:49] {Threei} yesterday was pewrfect chance with that gap down
[12:49] {dino} i may add lmia for overnight
[12:49] {Threei} just needed a big scare and panic
[12:49] {magoo} friday before holiday..tough on longs also
[12:49] {BillyD} agree...it had that feeling for a while
[12:49] {magoo} so more of same tomorrow
[12:49] {Threei} but nooo, we had to go all the way back
[12:50] {dptl} klac
[12:50] {Threei} BUSH STIMULUS PLAN TENTATIVELY TO INCLUDE $1600 TAX REBATES, AND TAX BREAKS FOR BUSINESSES POSSIBLE - WIRE CITES SOURCES
[12:51] {magoo} no one cares..sigh
[12:51] {Threei} more money... more inflation... less pressure on fed to cut rates...
[12:52] {BillyD} is that a last minute pep rally attempt
[12:52] {Threei} don't be that grim guys
[12:52] {Threei} this is a good thing
[12:53] {Threei} we are gettingbuge flush at the beginning of the year
[12:54] {bruce} usually don't flush bugs till summer vad
[12:54] {bruce} that was brutal - couldn't do anything right today
[12:55] {dino} vad is right guys, volitility is a treders friend
[12:55] {dino} traders
[12:55] {magoo} well yes..but...this is one tough mkt on traders dino
[12:56] {dino} magoo, are you or are you not having your best week in months?
[12:56] {magoo} well...i just very lucky..because..actually..i been whing about this mkt for days
[12:57] {dptl} got 12c on klac bounce
[12:57] {dino} "lucky"
[12:57] {Threei} dp is ever a fighter
[12:57] {dino} gj dp
[12:57] {dptl} still down
[12:57] {magoo} yes dp, wtg
[12:58] {Threei} Ok guys, thank you all
[12:58] {Threei} have a good evening
[12:58] {Threei} see you tomorrow
[12:58] {BillyD} bye all
[12:59] {dino} slry crash
[12:59] {dptl} have a good evening all
[12:59] {bruce} night all
[13:00] {magoo} ty all..ty vad
[13:00] {dino} missed lmia
[13:04] {dino} gn all