Nov 04 2008
Mostly boring day, just as we thought it would be. Profitable but nothing outstanding. Had a chance for some educational conversation, check it out starting 13:48
Session Time: Tue Nov 04 00:00:00 2008
[06:39] {amarg} hello vad and dptl
[08:01] {magoo} morning
[08:03] {lisa_jay} Hi Guys.
[08:09] {Threei} good morning
[08:10] {magoo} solar active..eslr, csiq, solf fslrs
[08:10] {Threei} CSUN is the smallest gap
[08:18] {lisa_jay} Hi Vad.
[08:18] {Threei} lisa :)
[08:25] {Threei} HYGS
[08:25] {Threei} AWARDED CONTRACT TO PROVIDE TWO HYDROGEN POWERED FUEL CELL BUSES FOR EUROPEAN OPERATION
[08:25] {Threei} - Announced it was awarded a contract to deliver two hydrogen powered fuel cell buses to Vestische Strassenbahnen GmbH, a public transit operator in the North Rhine Westphalia region of Germany.
[08:26] {Threei} who was this poor soul who bought HYGS 1.55
[08:28] {Threei} BALTIC DRY BULK INDEX FALLS 1.5%, 22ND CONSECUTIVE DECLINE
06[08:57] * laserdave1 slaps Threei around a bit with a large trout
06[08:57] * laserdave1 slaps magoo around a bit with a large trout
[08:58] {Threei} wow
[08:58] {Threei} real early riser we have
[08:58] {laserdave1} i just gotta keep it really random
[08:58] {Threei} kept trout on his nightstand too
[08:59] {laserdave1} ya and now my rooom smells like roses
[09:02] {dptl} good morning all
[09:03] {Threei} dp :)
[09:06] {Geo} gm
[09:06] {lisa_jay} Hi Geo, Dp.
[09:07] {Threei} Geo :)
[09:08] {Onix} Good morning all
[09:09] {Threei} onix :)
[09:12] {Threei} watching UAUA
[09:12] {Threei} strangely weak
[09:13] {Threei} it has habit of sharp dive after the open, then very strong recovery
[09:14] {Onix} oil up nearly $2
[09:14] {peterg} morning all
[09:14] {Threei} peter :)
[09:17] {Threei} be back in 5
[09:17] {tomg} gm all
[09:17] {Threei} tom :)
[09:19] {Onix} hi peter, tom
[09:20] {dino} gm all
[09:21] {Threei} dino :)
[09:21] {Onix} hi dino
06[09:22] * magoo slaps laserdave1 around a bit with a large trout
[09:22] {magoo} dcc quick
[09:23] {ese} morning......
[09:24] {Threei} ese :)
[09:24] {ese} is there news on ESLR
[09:24] {Onix} hi ese
[09:24] {tomg} uso pb to 54?
[09:25] {Threei} not ESLR specific ese... solar sector strength in general lifts it
[09:26] {Threei} can't tell tom... this thing is rarely giving clear read
[09:26] {ese} tks....i'm up $2100.00 beans ....nice way to wake up
[09:26] {tomg} ty
[09:26] {Threei} those are cool beans ese, wtg :)
[09:26] {lisa_jay} Great job ese, how many days overnight was this hold?
[09:27] {lisa_jay} Sorry Ese...typed ese.
[09:28] {ese} hi lisa....I have an averaged position at 4.95 3800 shs.
[09:28] {peterg} lisa, we are all lower case
[09:28] {peterg} not to be confused with class
[09:28] {lisa_jay} :-)
[09:29] {ese} i've had it for about 3 weeks .....am hanging on longer
[09:29] {lisa_jay} Thanks Ese.
[09:29] {ese} stop loss is now in....
[09:31] {amarg} dxd
[09:31] {Threei} UAUA, sharo dive under 15.50 and I am interested
[09:32] {Threei} no dive
[09:34] {Threei} Long Setup: SOLF .45 if holding above .25
[09:34] {Threei} volatile one
[09:35] {magoo} in agg .35 solfg
[09:35] {Threei} keep stop under .20 with this entry
[09:35] {magoo} k
[09:35] {Threei} 9.50 be taken
[09:36] {Threei} offer half around .60
[09:37] {magoo} .61
[09:37] {Onix} in
[09:37] {Onix} SOLF @ .38
[09:40] {dino} ci
[09:41] {dptl} stopped solf
[09:41] {Threei} no go
[09:41] {Onix} stopped solf
[09:41] {Threei} market weakened too much
[09:42] {_maga} hi Vadyn hi everybody
[09:42] {Threei} morning maga
[09:46] {dino} gm maga
[09:49] {dino} sm l aapl .80
[09:49] {Threei} Long Setup: LVS half lot 14 break if stays above .80
[09:50] {Threei} SOLF, that was rude
[09:50] {Threei} LVS setup invalidated
[09:50] {magoo} second try vad?
[09:50] {amarg} anyreason to enter solf again
[09:51] {Threei} not here
[09:51] {magoo} k
[09:51] {Threei} it works on pullbacks rather then breaks
[09:51] {dino} gap fill in the making?
[09:51] {Threei} quite probable dino
[09:52] {dino} been the pattern
[09:52] {magoo} aapl vad..bouncer?
[09:52] {lisa_jay} lvs vad?
[09:52] {dino} not yet tho, imo, feels up
[09:53] {dino} aapl sdtoppec -.50
06[09:53] * Chaeron slaps laserdave1 around a bit with a large trout
[09:53] {dino} ugh spelling
[09:53] {Chaeron} good morning all
[09:54] {Threei} chaeron :)
[09:55] {Threei} factory orders in 5 minutes
[09:55] {magoo} vad, any read AAPL RIMM?
[09:55] {Threei} not sure if market cares, unless number is extraordinary
[09:55] {Threei} no mags
[09:55] {Threei} market needs to fund surer footing
[09:56] {magoo} bounce somewhere boiss
[09:56] {magoo} alot of pos nmrews ghis morn
[09:56] {tomg} uso vad? took the bounce off 54
[09:56] {Threei} say what?
[09:56] {Threei} that beats any misspeling mags :)
[09:56] {magoo} ty
[09:57] {Threei} I would take profit and be happy tom
[09:57] {dino} no no no magoo, just watch, bounce does not have to happen
[09:57] {Threei} just can't read it really
[09:58] {tomg} ty
[09:58] {Threei} URRE is rising as if McCain was winning
[09:58] {dino} sitting, waiting
[09:58] {dino} wants to fill open gap
[09:58] {Threei} UAUA, quick dive under 15 for bounce
[09:59] {Threei} no exact call only for those who gets a feel for it
[10:00] {magoo} in .37
[10:00] {Threei} *SEPT FACTORY ORDERS: -2.5% V-0.8%E
[10:08] {dino} ci l .70
[10:09] {dino} afam
[10:14] {Threei} Long Setup: FITB .20 if stays above .10
[10:16] {dino} mygn
[10:18] {Threei} Long Setup: QQQQ .33 if stays above .25
[10:18] {ese} L FITB .21
[10:21] {Onix} in FITB & QQQQ
[10:22] {_maga} in FITB .22
[10:26] {Threei} FITB stop to .14
[10:27] {_maga} out .27
[10:28] {magoo} out uaua here .68
[10:28] {magoo} not best but worked
[10:28] {_maga} arg .. I misunddr
[10:28] {dino} gj
[10:28] {Threei} FITB 1:1
[10:28] {Threei} half out
[10:29] {Threei} scalpers know what to do
[10:29] {dptl} half ot
[10:29] {_maga} I misunderstood ..you mean to raise the stop to .14?
[10:29] {Threei} yes
[10:29] {_maga} arg...
[10:29] {Threei} [10:26] {Threei} FITB stop to .14
[10:29] {Threei} how else do you read it?? :)
[10:30] {_maga} yes... it was just my mistake.... the first trade in this new world...
[10:30] {ese} out FITB .31 have to head to work...but i'll take the +.10
[10:30] {ese} see ya all tomorow
[10:30] {Chaeron} bye ese!
[10:31] {Threei} take care ese
[10:31] {ese} see ya CH.....Vad
[10:31] {Threei} QQQQ 1:1, half out or take scalp
[10:32] {Threei} stop to .32 for the balance
[10:32] {Threei} offer above .50
[10:32] {dptl} out q .47 ty
[10:32] {Threei} welcome
[10:32] {Threei} maga, if terminology is confusing, don't hesitate to ask
[10:33] {Threei} you know what the most stupid question is... one you haven't asked
[10:33] {dptl} still .14 stop fitb??
[10:33] {Chaeron} QQQQ in .34, out .48... +$0.14... thanks Threei
[10:33] {Threei} .18
[10:33] {Threei} welcome Ch
[10:33] {dptl} ty
[10:34] {_maga} right .... ok I will
[10:35] {dino} out ci .04, +.34
[10:36] {Threei} out Qs .54
[10:36] {Threei} ofering FITB balance .45
[10:38] {tomg} nvda
[10:38] {dino} afam l sm .05
[10:38] {Onix} FITB 2/3 out @ .38
[10:38] {magoo} just got off phone w/UAUA vad...nasty call
[10:38] {Onix} all out .44
[10:38] {dptl} out some more .42 fitb
[10:38] {jmb} thanks vad FITS and QQQQ
[10:39] {Onix} ty VAD
[10:39] {Threei} welcome guys :)
[10:39] {Threei} mags
[10:39] {Geo} all out thanks vad
[10:39] {Threei} told ya zillion times... they go higher after you sold - UNPLUG THE PHONE!
[10:41] {Threei} 'cuase you know I am right there to provide your phone number to them... out of sheer compassion of course
[10:41] {Onix} also got 10c in QQQQ, ty Vad
[10:42] {Threei} welcome
[10:43] {dptl} all out .52 fitb ty
[10:43] {Threei} nice patience
[10:43] {Onix} gj
[10:44] {dino} dgj dp
[10:44] {Threei} GCOM
[10:44] {Threei} WARDED SATELLITE GROUND TERMINALS CONTRACT FOR $27 MILLION
[10:45] {dptl} ye it, easier to hold when selling bit by bit on the way up :)
[10:45] {tomg} nvda vad? took break of .80
[10:46] {dino} v risky, v sm s mygn .15 wide
[10:46] {Threei} IMO, just put a stop under .70 and let it trade for now
[10:46] {tomg} ty
[10:46] {Threei} FED'S FISHER: THERE ARE LIMITS FOR WHAT THE FED CAN DO FOR THE ECONOMY,
[10:46] {Threei} uh oh
[10:46] {Threei} really?
[10:46] {Threei} FED'S FISHER: CURRENTLY IN 'THE MOTHER OF ALL FINANCIAL STORMS' THERE ARE LIMITS FOR WHAT THE FED CAN DO FOR THE ECONOMY, FEAR COULD PUSH ECONOMY TO DOWNSIDE
[10:47] {Chaeron} I'm skeered
[10:47] {Threei} you should be
[10:47] {Threei} CIT
[10:47] {Threei} CONSIDERING PARTICIPATING IN TARP PROGRAM
[10:47] {Onix} i don't believe it ... they have been bailing out everything in sight
[10:48] {patience} and they have the art of printing money down pat...shouldn't be a problem
[10:48] {Threei} see Onix, what happend in reality was:
[10:48] {Threei} they were bailing everyone out,
[10:48] {Threei} then chaeron came and asked to bail him out,
[10:48] {Geo} i think the printing rollers are out of ink
[10:48] {Threei} they looked at him and said, there are limits
[10:49] {Geo} lol
[10:49] {dptl} lol
[10:49] {Chaeron} true story...
[10:49] {Onix} lol
[10:49] {Threei} I know, I was right there next in line
[10:49] {Onix} i was so far back you guys counld't even see me hey?
[10:50] {Threei} sorry onix, we kept eye on the ball... whiskey bottle that is
[10:50] {Threei} drown our sorrows
[10:51] {Onix} best way to go
[10:54] {Threei} wishbone, look dcc please
[10:56] {Threei} watch HIG and QQQQ
[10:56] {Threei} HIG gives somewhat exaggerated reactions on market moves
[10:56] {Threei} but overal follows
[10:56] {Threei} Qs jump, try to grab HIG, half lot
[10:57] {Onix} off to work, go well people
[10:57] {Chaeron} bye Onix
[10:57] {Chaeron} vote!
[10:57] {peterg} bye big O
[10:57] {dino} mygn bstop to .02
[10:57] {amarg} grab hig, it's on it's way down, logic?
[10:58] {Threei} amarg... re-read my comment
[10:58] {Threei} I cited condition to grab it
[10:59] {dino} stopped slipped .08, +.07
[11:02] {Threei} in HIG half lot
[11:02] {Threei} got .36
[11:02] {Threei} stop under .25
[11:06] {Threei} out
[11:09] {magoo} rimm sh loss 55
[11:09] {magoo} scalp small
[11:10] {magoo} needs mkt pullbk
[11:10] {dino} apei
[11:11] {dino} v sm risky wide apei s .40
[11:12] {magoo} in..weait around .55
[11:12] {magoo} cents
[11:12] {dptl} Vad,slw....break of .30 short looks ok??? with stop above .40??
[11:13] {Threei} well, with 10 cents risk almost any trade looks OK :)
[11:13] {Threei} don't know dp,
[11:13] {magoo} .46 stop
[11:13] {Threei} commodities are strong today
[11:13] {Threei} feels against the current
[11:14] {Threei} SLW is silver play
[11:14] {dptl} ye..thats were i have prob ..i see lots of thouse set ups.. and lots of time overtrading them
[11:15] {Threei} today is pretty much repetition of yesterday so far
[11:15] {Threei} quiet, slow
[11:17] {magoo} rimm stopped
[11:18] {dino} that palin is pleasant to look at in a pair of levi's
[11:20] {dino} mygn spikes again
[11:23] {amarg} why is hig having a reverse relation to the market today?
[11:24] {Threei} it doesn't have reverse relation...
[11:24] {Threei} it retreated in the morning with market
[11:24] {dino} reverse?
[11:24] {Threei} went up later with market
[11:24] {dino} ci perhaps
[11:33] {Threei} UAUA retreated again mags
[11:33] {Threei} worth watching for entry point
[11:33] {magoo} ok
[11:34] {magoo} might lose 15 this time vadf
[11:35] {dino} v sm dxd l .53
[11:38] {Threei} no pulse in the market whatsoever
[11:40] {dptl} took that slw short .29
[11:40] {Threei} just don't fall asleep
[11:40] {dptl} :)
06[11:42] * dino slaps dptl around a bit with a large trout
[11:42] {dino} making sure you're awake
[11:42] {dptl} :) thanx
[11:43] {dino} np
[11:46] {Threei} where else you get so much care dp
[11:47] {dptl} he he...
[11:48] {_maga} as you you are fond of ...here is a gift:
[11:48] {_maga} }{\(\(\(°}
[11:48] {_maga} :-)
[11:48] {Threei} ROFL
[11:49] {dptl} lol
[11:50] {dino} dxd stopped -.30
[11:56] {dino} ci pullback
[11:58] {Threei} UAUA started teleportation pattern
[11:58] {Threei} did .54 - .70 twice
[12:03] {dino} pru sm s .00
[12:09] {Threei} what a major yawn
[12:09] {Threei} worse than yesterday
[12:10] {dptl} trmb?
[12:10] {Threei} no single day in August, traditionally dead month, was so boring as this
[12:11] {Threei} not sure it's worth the risk dp
[12:11] {dptl} uh too late took .23
[12:13] {dptl} gonna keep stop under .08
[12:14] {Threei} one sleeper stock was not enough for you weh
[12:15] {Threei} don't push dp... where there is nothing to do there is nothing to do
[12:15] {Threei} that's when you run up unneeded stops
[12:15] {dptl} yeah.. you right..
[12:18] {tomg} out uso
[12:18] {Threei} plus how much?
[12:19] {Threei} 4?
[12:19] {tomg} $4
[12:19] {Threei} beautiful
[12:19] {Threei} wtg
[12:19] {tomg} ty
[12:19] {tomg} 401k trade?
[12:20] {tomg} not a question, sorry
[12:20] {Threei} good way to heal that deeply sick 401K
[12:20] {tomg} yes, that's what i thought
[12:21] {dptl} mooving stop to under .14 trmb
[12:21] {dino} pru stopped -.49 sm
[12:34] {Geo} :)
[12:37] {magoo} NICE TOM
[12:41] {dino} ok amarg
06[12:44] * Chaeron must be dyslexic... keep reading amarg as magoo
06[12:45] * Geo is confused maga and magoo
[12:46] {magoo} me too..i keep thinking someone is talking to me
[12:46] {Geo} lol
[12:46] {Chaeron} that's all in your head magoo
[12:46] {Threei} that's nothing... I got confused this morning between 5 of my personalities, and in a state of confusing shaved wrong one
[12:46] {magoo} lets petition vad to change his name lol
[12:46] {Geo} dino thinks palin talks to her in her levis
[12:46] {Geo} to him :)
[12:48] {dino} she does
[12:48] {Threei} some problems over Internet
[12:48] {Threei} routes get dropped
[12:48] {Geo} lol@dino
[12:52] {Geo} hmm kicked out of room
[12:52] {Geo} okok palin talks to vad too
[12:52] {Threei} [12:48] {Threei} some problems over Internet
[12:52] {Threei} [12:48] {Threei} routes get dropped
[12:52] {Geo} :)
[12:54] {Threei} wow
[12:54] {Threei} SOLF
[13:03] {dptl} .
[13:10] {lisa_jay} If any one is awake, was wondering if you could help me with placing hard stops.
[13:10] {lisa_jay} I have learnt that I am too slow / not disciplined so need hard stops
[13:11] {Chaeron} I'm awake LJ, but don't use them
[13:12] {lisa_jay} Ok, thanks Chaeron.
[13:12] {Chaeron} sorry... why do you feel as tho you're not disciplined?
[13:13] {lisa_jay} History of my life...usually when the stop price hits i hesistate.
[13:14] {lisa_jay} Results in move of 5+ c before i take stop.
[13:15] {dino} axp s .70
[13:17] {Chaeron} .05 isn't bad... I use a bit of pad at times, no more than that tho... usually a couple cents
[13:18] {lisa_jay} Ok, will get it eventually I guess.
[13:18] {Chaeron} I'm sorry.. I don' tknow how to enter them even on Laser... you on Laser?
[13:19] {lisa_jay} Not on Laser...I guess slippage of couple of cents will happen even with hard stops.
[13:20] {lisa_jay} Does anyone use Limit Orders with stops?
[13:20] {dptl} me
[13:20] {Geo} interesting dp
[13:20] {Chaeron} psychologically speaking tho, don't let it become an excuse to let .02 turn into .20... make sense?
[13:20] {Geo} 5 cent limit?
[13:21] {Geo} you using OMS mod dp?
[13:21] {lisa_jay} Chaeron - this is why I need hard stops. With the volatile stocks stocks it can happen in a blink.
[13:22] {dptl} only if too slow stock and i have to step out
[13:22] {Geo} ok
[13:23] {Chaeron} true... know your limits and don't play RIMM, etc until you got it down and disciplined. You don't have to take every trade... every stock has a diff personality. Like I normally won't trade wide spread stocks... my personal limitation
[13:23] {lisa_jay} How much of spread do you limit yourself to?
[13:23] {dino} and i will......but smaller size
[13:24] {Chaeron} depends on stock
[13:24] {Chaeron} some I see .20+... won't touch... .10 is questionable and less is ok
[13:26] {lisa_jay} Ok, thanks Chaeron.
[13:27] {dino} lisa...if i may....
[13:27] {lisa_jay} Please...(no trout though)
[13:27] {dino} you must find YOUR edge, not everybody else's
[13:28] {dino} then simply manage the risk (size and stops), be consistant, and keep it simple
[13:28] {Chaeron} excellent point dino
[13:28] {dino} as long as you have some sort of edge, it will work over time
[13:28] {lisa_jay} Consistancy is hard for me.
[13:29] {Chaeron} you have MPP?
[13:29] {lisa_jay} Yes, working through it.
[13:30] {Chaeron} keeping track of trades and then go back review winning and losing ones and see what pattern comes from it
[13:30] {Chaeron} know yourself
[13:30] {dino} consistanc how? w/stops? then no excuse....simple as that
[13:30] {dino} enter hard stops if that is the problem
[13:31] {lisa_jay} Ok.
[13:31] {Chaeron} I would bet it would show what dino summed up
[13:31] {dino} remember trading is not about being right (learn to expect losses), it's about trading right (consistency)
[13:32] {peterg} essential issue in facing facts--oops mkt going against me, I'm outa here return to security
[13:32] {Chaeron} just take the stop.. either that or we won't have you to trout because you'll eventually be gone... and I'd be sad :(
[13:32] {peterg} I keep having to work throught the humiliation of error
[13:32] {peterg} well said master ch
[13:32] {dino} i expect to lose on 4 of 10. bthats my edge
[13:32] {peterg} what a realist
[13:32] {peterg} still want perfection
[13:33] {dino} so as i say to my son, when he says i'm wrong..."so what, i was wrong 5 times today"...get it...nothing matters
[13:33] {peterg} nothing is real, strawberrry fields fordever
[13:33] {dino} no perfection peter, it is simply an odds game...think in probabilities
[13:34] {peterg} right
[13:34] {peterg} getting better
[13:34] {dino} when i hit 4 or 5 in row, i sit back, because the house will smack me soon
[13:35] {peterg} many on the list are hard-core traders, earning a living at it. I respect that. For the present, I want to earn an allowance.
[13:36] {dino} then, with all respect, keep it simple
[13:36] {lisa_jay} I am trying to become a full-time trader too. It really is hard.
[13:37] {peterg} Oh yeah. Emotions being the biggie.
[13:38] {dino} you are complicating it then. find your edge, keep it simple. everybody is different and trades differently. no one right way
[13:38] {dino} if you never find "your edge" you will fail
[13:38] {peterg} I agree with you dino and am currently trading apple patterns with some success
[13:39] {dino} good.
[13:39] {peterg} I feel bits of edge from time to time, but have always felt
[13:39] {peterg} i am a slow learner
[13:39] {dino} lol
[13:39] {peterg} turtles get there
[13:40] {Chaeron} but you gotta stick your neck out to get there :)
[13:40] {peterg} registered a URL: mouseinvestments.com
[13:40] {peterg} still working on motto: run in graba bite and get out
[13:40] {dino} way of turtle...good book 1st have
[13:40] {peterg} good pt ch
[13:41] {dino} have=half
[13:41] {peterg} turtle with flying fingers
[13:42] {Geo} hmm whats up with yhoo today
[13:42] {peterg} the secret methods that turned ordinary people into legendary traders
[13:42] {peterg} way of turtle
[13:43] {peterg} you recommend book dino?
[13:44] {dino} the 1st half made alot of sense to me
[13:44] {dino} it was all a system, those who broke it washed out
[13:45] {dptl} what the name of the book?
[13:46] {dino} way of the turtles, curtis faith
[13:46] {dptl} ty
[13:46] {dino} trading places movie sort of take on it
[13:48] {Threei} if I may...
[13:48] {Threei} [13:32] {peterg} I keep having to work throught the humiliation of error
[13:48] {Threei} see... there is no such thing in reality
[13:49] {Threei} you enter a stock on certain setup
[13:49] {Threei} no setup is garanteed to work in each given case
[13:49] {Threei} so the chance of it not working is always there
[13:49] {Threei} thus, there is no error
[13:49] {Threei} as dino said, you simply playing the odds
[13:50] {dino} :) flip a coin
[13:50] {Threei} odds are in your favor over statistically valid size of sample
[13:50] {Threei} if you play valid setups
[13:50] {Threei} but ech given case may or may not work
[13:50] {Threei} it's not working - get out and wait for the next bus
[13:51] {Threei} no error, no humiliation, no reflection of losing trade on your celf-perception
[13:51] {peterg} Right--I suffer from overactive hypercdritical superego
[13:51] {dino} axp bstop to .58
[13:51] {dino} cov +.12
[13:51] {Threei} and from our spelling that started rubbing off of you
[13:51] {peterg} yess
[13:51] {peterg} getting looser, better
[13:51] {dino} anything can happen...nothing matters
[13:52] {Threei} not many think of it this way but here is one of the most important traits of a trader:
[13:52] {peterg} true zen
[13:52] {Threei} self-irony
[13:52] {peterg} what
[13:52] {peterg} oh
[13:52] {Threei} not taking yourself too seriously
[13:52] {Threei} then your ego doesn't kick in
[13:52] {peterg} well, isn
[13:52] {peterg} t that the trick,
[13:53] {Threei} before hitting that buy button, ask yourself "ready to lose 150/"
[13:53] {dino} bingo
[13:53] {Threei} here we go then,
[13:53] {Threei} 150 is thrown on the table
[13:54] {Threei} now, was I the smartest one on a planet or was I complete finished unbeatable idiot?
[13:54] {peterg} Both?
[13:54] {Threei} oh, it's a stop - I was second biggest idiot on earth
[13:54] {Threei} fine, shurg, dry laugh
[13:54] {Threei} next
[13:55] {peterg} I wanna be the new James Bond guy
[13:55] {dino} big deal, in the end it (his stop) doesn't matter if you have an edge
[13:55] {Threei} exactly
[13:55] {dino} vad is a shrink. he taught me
[13:55] {Threei} who is here from the get go
[13:55] {Threei} chaeron
[13:55] {Threei} cosmo
[13:55] {Threei} raven
[13:55] {Threei} jmb
[13:55] {Threei} ask them:
[13:55] {dino} as soon as it did not matter, i started making $
[13:56] {Threei} how many stops have I taken over these years?
[13:56] {peterg} hmmmm
[13:56] {peterg} this deeep
[13:56] {Threei} zillion
[13:56] {Threei} or two zillions
[13:56] {Threei} so what?
[13:56] {dino} 80/month ave
[13:56] {Threei} ask dino, magoo:
[13:56] {Threei} how many times have they seen me going through cluster of losses
[13:56] {Threei} and next question:
[13:57] {dino} and you know what, the only stops that ,attered are the ones not taken
[13:57] {Threei} was there any single time I wouldn't recover in the next few (hours, days, weeks)
[13:57] {dino} mattered
[13:57] {Threei} and made it all back and a lot more
[13:57] {Threei} very true
[13:57] {Threei} that one stop you never took can do you in
[13:57] {dino} thats they key
[13:57] {peterg} That much I get solidly
[13:58] {Threei} it's just a normal part of trading, part of playing the odds
[13:58] {Threei} shrug it off
[13:58] {dino} all other stops don't matter peter, pound that into your head
[13:58] {Threei} never let it reflect on your perception of yourself
[13:58] {peterg} So zen self analysis: too much desire (attachment) leads to error, suffering
[13:58] {Threei} reread these two posts in the blog
[13:58] {Threei} lemme find them
[13:59] {cosmo} its better to have traded and lost, than to have never traded at all
[13:59] {cosmo} no?
[13:59] {peterg} Shakespear, our first trader
[13:59] {peterg} yes
[13:59] {Threei} http://www.realitytrader.com/blog/2007/05/stops-why-dont-we-keep-them.html
[13:59] {dino} you see, imo, tading is like hitting a wall, and walls are made to keep people out. stops enable you to climb over the way
[13:59] {Threei} http://www.realitytrader.com/blog/2008/08/non-stop-discussion-of-stops.html
[14:00] {Threei} ok dino, that's too deep :)
06[14:00] * Chaeron slaps laserdave1 around a bit with a large trout
[14:00] {Chaeron} DCC Dave
[14:01] {Geo} Its called a stepover stop.....
[14:01] {dino} lol. i am done....so i leave w/this: being poor sucks, staying poor is stupid
[14:01] {Chaeron} amarg... DCC
[14:01] {Geo} hey raven.... i just remembered something...... have you seen the crown of the next king of bhutan?.... check it out and its history when you have time..
06[14:01] * Chaeron dcc'g everybody
[14:03] {dino} apei bstop to .15 all dayer
[14:03] {Chaeron} noone answering tho :)
[14:04] {lisa_jay} Thanks Vad, Dino, Chaeron, Peter...will print out todays log and read it every morning now.
[14:04] {Raven} crown on next king of Bhutan ????
[14:04] {dino} cov slippped ave .15, +.25
[14:04] {Raven} sheesh
[14:05] {Geo} humor me
[14:05] {Geo} google it
[14:05] {Raven} uh ... OK
[14:05] {dino} np lisa and gl
[14:05] {lisa_jay} thank you
[14:06] {Raven} Obviously a very smart new King ...
[14:07] {Geo} yes :)
[14:07] {Geo} amzinf place to visit
[14:08] {Geo} i thought youll be interested in the crown history though
[14:08] {Raven} I just want to see the damn crown
[14:08] {Raven} all I see is the king
[14:08] {Geo} lol
[14:08] {Raven} to hell with him
[14:09] {peterg} this is your crown, raven
[14:09] {Raven} perhaps
[14:09] {Geo} a crown surmounted by the head of a raven. The bird represents a form of Mahakala, Bhutan's guardian deity. The prototype of the founding monarch's Raven Crown had first been devised as a battle helmet for his father, Jigme Namgyel (1825-81).
[14:10] {Raven} I see
[14:10] {peterg} google raven crown under images
[14:11] {Raven} that's a thought
[14:12] {Geo} http://www.kuenselonline.com/modules.php?name=News&file=article&sid=10581
[14:12] {Raven} ugly damn thang ... not my kind of Raven
[14:12] {Geo} lol
[14:13] {Geo} its an approximation
[14:13] {Raven} I expect accuracy
[14:13] {Geo} killing a raven used to be capital punishment in bhutan
[14:13] {Raven} should be that everywhere
[14:14] {Geo} much better logo
[14:14] {Geo} of crown http://2008.bhutan-360.com/uploads/logo/problems.jpg
[14:14] {Geo} ok ill stop spamming now
[14:15] {Raven} still looks dopy
[14:15] {Raven} dopey
[14:15] {Geo} i was more interested in the folklore
[14:15] {Geo} :)
[14:15] {Raven} I don't trust folklore
[14:15] {dino} kbr s .52
06[14:16] * Geo sighs and goes back to corner
[14:16] {Raven} {----------- back to his perch
06[14:18] * Chaeron slaps amarg around a bit with a large trout
[14:18] {Chaeron} I left you a DCC
[14:20] {lisa_jay} Chaeron..got your DCC.
[14:26] {dptl} pei?
[14:28] {Threei} 11 break? :)
[14:29] {dptl} missed
[14:29] {dptl} 11 missed .18
[14:29] {dptl} it's ok
[14:29] {dptl} :)
[14:29] {Chaeron} sigh... I'm lost... even tried typing GRRR in quote box
[14:31] {dino} met l .72
[14:36] {dino} met stopped -.22
[14:40] {dptl} wfr...may be? .10
[14:40] {Threei} could be
[14:41] {dptl} damn it...got .10
[14:41] {Threei} didn't wait for break?
[14:41] {Threei} .10 was tagged last time around too
[14:41] {dptl} it started
[14:47] {dptl} oh well...stopped -.16
[14:47] {Threei} CNBC'S FABER REPORTS GOOGLE HAS ASKED MANAGEMENT TO IMPLEMENT AN 'UNOFFICAL HIRING FREEZE'
[14:47] {Threei} - positions being filled with internal promotions.
[14:47] {Threei} - also notes Google is cutting back on some perks.
[14:53] {peterg} selling off its czech fighter jet?
[14:57] {dino} cov kbr .48 +.04 thing won't drop
[14:57] {dino} ci l .60
[15:01] {Threei} MA lost its mind
[15:01] {Threei} Cramer TV hype
[15:04] {Threei} magoo fess up... shorted GOOG?
[15:05] {magoo} earlier i did yes
[15:05] {Threei} on new headline I mean
[15:05] {Threei} news
[15:05] {magoo} yes
[15:05] {Threei} :)
[15:05] {magoo} before u posted i heard it faber
[15:06] {Threei} nice
[15:06] {Threei} how many points?
[15:08] {Threei} highest turnout election in 100 years
[15:19] {dino} out ci .62 +.02 stuck one
[15:21] {Geo} .
[15:23] {Threei} what an amazingly empty day
[15:23] {dino} ................
[15:23] {dino} oh contrare my friend about 1.4x
[15:24] {Geo} sheesh
[15:24] {Geo} -90 here
[15:24] {Threei} lol
[15:24] {Threei} still up thanks to those morning trades but nothing to write home about
[15:24] {dino} 400 neg. yesterday geo, usually one day/week
[15:25] {Geo} i screwed up a stop
[15:25] {Geo} youre a machine dino
[15:25] {Geo} and i mean it in a good way
[15:26] {Threei} you will be too... when you stop roaming all over internet looking for some weird new things, softwares, people etc :)
[15:26] {Geo} hey
[15:26] {dino} just lucky
[15:26] {Threei} {dino} just trade
[15:26] {dino} axp l .38
[15:26] {Geo} the raven crown was on headlines yesterday
[15:26] {Threei} no, that's fuin... that's OK
[15:27] {Threei} fun too
[15:28] {Raven} {}
[15:32] {dino} pout axp .50, +.12
[15:32] {dino} out
[15:32] {Geo} comeon vad
[15:32] {Geo} gimme a trade
[15:33] {Geo} ill go positive !!!!
[15:33] {dino} just did
[15:33] {Geo} what
[15:33] {Geo} ?
[15:33] {Geo} i am disconnected :(
[15:33] {Threei} [15:26] {dino} axp l .38
[15:33] {Threei} 15:32] {dino} out axp .50, +.12
[15:34] {Geo} uhh yeah i dont take dino trades
[15:34] {dino} how do you repeat?
[15:34] {Geo} it shortens my life
[15:34] {Threei} lol
[15:34] {dino} hmmmmmmm
[15:34] {_maga} look LVS what a capitulation pattern
[15:34] {Threei} yeah
[15:34] {Threei} probably bounce time
[15:34] {Threei} risky as hell
[15:34] {dino} ci l .77
[15:36] {Threei} .71 LVS long half lot if stays above .50
[15:36] {Threei} only if feel like living on the edge
[15:37] {dino} ci stop to b/e
[15:39] {dino} out ci .87, +.10
[15:40] {Threei} with that huge offer at .60 can change to more aggressive entry
[15:40] {Threei} .60 break
[15:42] {Threei} and with such tight stop can do full lot probably
[15:42] {Threei} pesonal decision
[15:43] {dawg} in LVS .59 sm lot
[15:44] {_maga} in lvs at .6
[15:44] {dawg} out 1/2 LVS
[15:44] {Threei} half out .79
[15:45] {lisa_jay} Got .19 on LVS thanks Vad.
[15:45] {Threei} lisa :)
[15:45] {Threei} geo??
[15:45] {Geo} got .17 thanks
[15:45] {Threei} whew
[15:45] {_maga} out .76 got +0.16 TX Vad
[15:46] {Threei} welcome maga
[15:46] {Threei} offering balance 13.05
[15:46] {Threei} may have to ree-valuate
[15:46] {Threei} but for now, let it be there
[15:49] {Geo} back in black..... phew.... election day sucks
[15:49] {Threei} lol
[15:49] {Geo} also took break of 22.2 on vrsn
[15:50] {dino} gj geo
[15:50] {Geo} yeah i would hate to loose money in vad's room
[15:50] {Threei} I just listened to joe the plumber
[15:50] {Threei} that's how bored I am
[15:50] {Geo} it would spoil his record
[15:51] {Geo} i heard he signed up for a record deal
[15:51] {Threei} amazing how no one gets his answer why he doesn't want 25K+ guys to pay more taxes since he makes nowhere close to that amount
[15:51] {Threei} he is likely to benefit so why he objects
[15:52] {Threei} maybe because he doesn't want someone's money?
[15:52] {Threei} I wouldn't
[15:52] {Geo} he is just not comfortable vad
[15:52] {Threei} I don't see myself as a looter
[15:52] {Threei} or charity reciever
[15:52] {dawg} Vad are you still offering 1/2 LVS
[15:53] {Threei} yes but time runs out on me
[15:53] {dino} ci s .00 risky
[15:53] {Threei} not likely to work
[15:53] {Threei} but whatever... finished day with nice trade
[15:54] {Threei} and in the money
[15:54] {dawg} out last half 12.63
[15:54] {dino} stopped .97, cov +.03
[15:54] {dino} too tight
[15:55] {dino} i believe that is all for me today
[15:56] {Geo} vad if you have time dcc pls
[15:56] {Threei} just a few
[15:56] {Threei} let me exit this thing before the bell :)
[15:56] {Geo} sure ill page after close
[15:56] {Threei} much as like to chat with ya... don't want LVS overnight {G}
[15:56] {Geo} [12:53] {Threei} but whatever... finished day
[15:57] {Threei} ok out
[15:57] {Geo} i thought you closed
[15:57] {Geo} sorry
[15:57] {Threei} .84
[15:57] {Threei} now it can go wherever it choses
[15:58] {dino} thx all
[15:58] {dptl} have a good evening all
[16:00] {Threei} thank you all
[16:00] {Threei} have a good evening
[16:00] {lisa_jay} Thanks Vad.
[16:00] {Threei} see you tomorrow in a new country
[16:00] {Threei} go votye
[16:00] {magoo} ty vad
06[16:00] * Geo voted for romney
[16:10] {dino} gn all
[16:13] {dino} fwiw we are +19% on dji in 5 trading days,,,,sell the rips soon imo
Session Time: Tue Nov 04 00:00:00 2008
[06:39] {amarg} hello vad and dptl
[08:01] {magoo} morning
[08:03] {lisa_jay} Hi Guys.
[08:09] {Threei} good morning
[08:10] {magoo} solar active..eslr, csiq, solf fslrs
[08:10] {Threei} CSUN is the smallest gap
[08:18] {lisa_jay} Hi Vad.
[08:18] {Threei} lisa :)
[08:25] {Threei} HYGS
[08:25] {Threei} AWARDED CONTRACT TO PROVIDE TWO HYDROGEN POWERED FUEL CELL BUSES FOR EUROPEAN OPERATION
[08:25] {Threei} - Announced it was awarded a contract to deliver two hydrogen powered fuel cell buses to Vestische Strassenbahnen GmbH, a public transit operator in the North Rhine Westphalia region of Germany.
[08:26] {Threei} who was this poor soul who bought HYGS 1.55
[08:28] {Threei} BALTIC DRY BULK INDEX FALLS 1.5%, 22ND CONSECUTIVE DECLINE
06[08:57] * laserdave1 slaps Threei around a bit with a large trout
06[08:57] * laserdave1 slaps magoo around a bit with a large trout
[08:58] {Threei} wow
[08:58] {Threei} real early riser we have
[08:58] {laserdave1} i just gotta keep it really random
[08:58] {Threei} kept trout on his nightstand too
[08:59] {laserdave1} ya and now my rooom smells like roses
[09:02] {dptl} good morning all
[09:03] {Threei} dp :)
[09:06] {Geo} gm
[09:06] {lisa_jay} Hi Geo, Dp.
[09:07] {Threei} Geo :)
[09:08] {Onix} Good morning all
[09:09] {Threei} onix :)
[09:12] {Threei} watching UAUA
[09:12] {Threei} strangely weak
[09:13] {Threei} it has habit of sharp dive after the open, then very strong recovery
[09:14] {Onix} oil up nearly $2
[09:14] {peterg} morning all
[09:14] {Threei} peter :)
[09:17] {Threei} be back in 5
[09:17] {tomg} gm all
[09:17] {Threei} tom :)
[09:19] {Onix} hi peter, tom
[09:20] {dino} gm all
[09:21] {Threei} dino :)
[09:21] {Onix} hi dino
06[09:22] * magoo slaps laserdave1 around a bit with a large trout
[09:22] {magoo} dcc quick
[09:23] {ese} morning......
[09:24] {Threei} ese :)
[09:24] {ese} is there news on ESLR
[09:24] {Onix} hi ese
[09:24] {tomg} uso pb to 54?
[09:25] {Threei} not ESLR specific ese... solar sector strength in general lifts it
[09:26] {Threei} can't tell tom... this thing is rarely giving clear read
[09:26] {ese} tks....i'm up $2100.00 beans ....nice way to wake up
[09:26] {tomg} ty
[09:26] {Threei} those are cool beans ese, wtg :)
[09:26] {lisa_jay} Great job ese, how many days overnight was this hold?
[09:27] {lisa_jay} Sorry Ese...typed ese.
[09:28] {ese} hi lisa....I have an averaged position at 4.95 3800 shs.
[09:28] {peterg} lisa, we are all lower case
[09:28] {peterg} not to be confused with class
[09:28] {lisa_jay} :-)
[09:29] {ese} i've had it for about 3 weeks .....am hanging on longer
[09:29] {lisa_jay} Thanks Ese.
[09:29] {ese} stop loss is now in....
[09:31] {amarg} dxd
[09:31] {Threei} UAUA, sharo dive under 15.50 and I am interested
[09:32] {Threei} no dive
[09:34] {Threei} Long Setup: SOLF .45 if holding above .25
[09:34] {Threei} volatile one
[09:35] {magoo} in agg .35 solfg
[09:35] {Threei} keep stop under .20 with this entry
[09:35] {magoo} k
[09:35] {Threei} 9.50 be taken
[09:36] {Threei} offer half around .60
[09:37] {magoo} .61
[09:37] {Onix} in
[09:37] {Onix} SOLF @ .38
[09:40] {dino} ci
[09:41] {dptl} stopped solf
[09:41] {Threei} no go
[09:41] {Onix} stopped solf
[09:41] {Threei} market weakened too much
[09:42] {_maga} hi Vadyn hi everybody
[09:42] {Threei} morning maga
[09:46] {dino} gm maga
[09:49] {dino} sm l aapl .80
[09:49] {Threei} Long Setup: LVS half lot 14 break if stays above .80
[09:50] {Threei} SOLF, that was rude
[09:50] {Threei} LVS setup invalidated
[09:50] {magoo} second try vad?
[09:50] {amarg} anyreason to enter solf again
[09:51] {Threei} not here
[09:51] {magoo} k
[09:51] {Threei} it works on pullbacks rather then breaks
[09:51] {dino} gap fill in the making?
[09:51] {Threei} quite probable dino
[09:52] {dino} been the pattern
[09:52] {magoo} aapl vad..bouncer?
[09:52] {lisa_jay} lvs vad?
[09:52] {dino} not yet tho, imo, feels up
[09:53] {dino} aapl sdtoppec -.50
06[09:53] * Chaeron slaps laserdave1 around a bit with a large trout
[09:53] {dino} ugh spelling
[09:53] {Chaeron} good morning all
[09:54] {Threei} chaeron :)
[09:55] {Threei} factory orders in 5 minutes
[09:55] {magoo} vad, any read AAPL RIMM?
[09:55] {Threei} not sure if market cares, unless number is extraordinary
[09:55] {Threei} no mags
[09:55] {Threei} market needs to fund surer footing
[09:56] {magoo} bounce somewhere boiss
[09:56] {magoo} alot of pos nmrews ghis morn
[09:56] {tomg} uso vad? took the bounce off 54
[09:56] {Threei} say what?
[09:56] {Threei} that beats any misspeling mags :)
[09:56] {magoo} ty
[09:57] {Threei} I would take profit and be happy tom
[09:57] {dino} no no no magoo, just watch, bounce does not have to happen
[09:57] {Threei} just can't read it really
[09:58] {tomg} ty
[09:58] {Threei} URRE is rising as if McCain was winning
[09:58] {dino} sitting, waiting
[09:58] {dino} wants to fill open gap
[09:58] {Threei} UAUA, quick dive under 15 for bounce
[09:59] {Threei} no exact call only for those who gets a feel for it
[10:00] {magoo} in .37
[10:00] {Threei} *SEPT FACTORY ORDERS: -2.5% V-0.8%E
[10:08] {dino} ci l .70
[10:09] {dino} afam
[10:14] {Threei} Long Setup: FITB .20 if stays above .10
[10:16] {dino} mygn
[10:18] {Threei} Long Setup: QQQQ .33 if stays above .25
[10:18] {ese} L FITB .21
[10:21] {Onix} in FITB & QQQQ
[10:22] {_maga} in FITB .22
[10:26] {Threei} FITB stop to .14
[10:27] {_maga} out .27
[10:28] {magoo} out uaua here .68
[10:28] {magoo} not best but worked
[10:28] {_maga} arg .. I misunddr
[10:28] {dino} gj
[10:28] {Threei} FITB 1:1
[10:28] {Threei} half out
[10:29] {Threei} scalpers know what to do
[10:29] {dptl} half ot
[10:29] {_maga} I misunderstood ..you mean to raise the stop to .14?
[10:29] {Threei} yes
[10:29] {_maga} arg...
[10:29] {Threei} [10:26] {Threei} FITB stop to .14
[10:29] {Threei} how else do you read it?? :)
[10:30] {_maga} yes... it was just my mistake.... the first trade in this new world...
[10:30] {ese} out FITB .31 have to head to work...but i'll take the +.10
[10:30] {ese} see ya all tomorow
[10:30] {Chaeron} bye ese!
[10:31] {Threei} take care ese
[10:31] {ese} see ya CH.....Vad
[10:31] {Threei} QQQQ 1:1, half out or take scalp
[10:32] {Threei} stop to .32 for the balance
[10:32] {Threei} offer above .50
[10:32] {dptl} out q .47 ty
[10:32] {Threei} welcome
[10:32] {Threei} maga, if terminology is confusing, don't hesitate to ask
[10:33] {Threei} you know what the most stupid question is... one you haven't asked
[10:33] {dptl} still .14 stop fitb??
[10:33] {Chaeron} QQQQ in .34, out .48... +$0.14... thanks Threei
[10:33] {Threei} .18
[10:33] {Threei} welcome Ch
[10:33] {dptl} ty
[10:34] {_maga} right .... ok I will
[10:35] {dino} out ci .04, +.34
[10:36] {Threei} out Qs .54
[10:36] {Threei} ofering FITB balance .45
[10:38] {tomg} nvda
[10:38] {dino} afam l sm .05
[10:38] {Onix} FITB 2/3 out @ .38
[10:38] {magoo} just got off phone w/UAUA vad...nasty call
[10:38] {Onix} all out .44
[10:38] {dptl} out some more .42 fitb
[10:38] {jmb} thanks vad FITS and QQQQ
[10:39] {Onix} ty VAD
[10:39] {Threei} welcome guys :)
[10:39] {Threei} mags
[10:39] {Geo} all out thanks vad
[10:39] {Threei} told ya zillion times... they go higher after you sold - UNPLUG THE PHONE!
[10:41] {Threei} 'cuase you know I am right there to provide your phone number to them... out of sheer compassion of course
[10:41] {Onix} also got 10c in QQQQ, ty Vad
[10:42] {Threei} welcome
[10:43] {dptl} all out .52 fitb ty
[10:43] {Threei} nice patience
[10:43] {Onix} gj
[10:44] {dino} dgj dp
[10:44] {Threei} GCOM
[10:44] {Threei} WARDED SATELLITE GROUND TERMINALS CONTRACT FOR $27 MILLION
[10:45] {dptl} ye it, easier to hold when selling bit by bit on the way up :)
[10:45] {tomg} nvda vad? took break of .80
[10:46] {dino} v risky, v sm s mygn .15 wide
[10:46] {Threei} IMO, just put a stop under .70 and let it trade for now
[10:46] {tomg} ty
[10:46] {Threei} FED'S FISHER: THERE ARE LIMITS FOR WHAT THE FED CAN DO FOR THE ECONOMY,
[10:46] {Threei} uh oh
[10:46] {Threei} really?
[10:46] {Threei} FED'S FISHER: CURRENTLY IN 'THE MOTHER OF ALL FINANCIAL STORMS' THERE ARE LIMITS FOR WHAT THE FED CAN DO FOR THE ECONOMY, FEAR COULD PUSH ECONOMY TO DOWNSIDE
[10:47] {Chaeron} I'm skeered
[10:47] {Threei} you should be
[10:47] {Threei} CIT
[10:47] {Threei} CONSIDERING PARTICIPATING IN TARP PROGRAM
[10:47] {Onix} i don't believe it ... they have been bailing out everything in sight
[10:48] {patience} and they have the art of printing money down pat...shouldn't be a problem
[10:48] {Threei} see Onix, what happend in reality was:
[10:48] {Threei} they were bailing everyone out,
[10:48] {Threei} then chaeron came and asked to bail him out,
[10:48] {Geo} i think the printing rollers are out of ink
[10:48] {Threei} they looked at him and said, there are limits
[10:49] {Geo} lol
[10:49] {dptl} lol
[10:49] {Chaeron} true story...
[10:49] {Onix} lol
[10:49] {Threei} I know, I was right there next in line
[10:49] {Onix} i was so far back you guys counld't even see me hey?
[10:50] {Threei} sorry onix, we kept eye on the ball... whiskey bottle that is
[10:50] {Threei} drown our sorrows
[10:51] {Onix} best way to go
[10:54] {Threei} wishbone, look dcc please
[10:56] {Threei} watch HIG and QQQQ
[10:56] {Threei} HIG gives somewhat exaggerated reactions on market moves
[10:56] {Threei} but overal follows
[10:56] {Threei} Qs jump, try to grab HIG, half lot
[10:57] {Onix} off to work, go well people
[10:57] {Chaeron} bye Onix
[10:57] {Chaeron} vote!
[10:57] {peterg} bye big O
[10:57] {dino} mygn bstop to .02
[10:57] {amarg} grab hig, it's on it's way down, logic?
[10:58] {Threei} amarg... re-read my comment
[10:58] {Threei} I cited condition to grab it
[10:59] {dino} stopped slipped .08, +.07
[11:02] {Threei} in HIG half lot
[11:02] {Threei} got .36
[11:02] {Threei} stop under .25
[11:06] {Threei} out
[11:09] {magoo} rimm sh loss 55
[11:09] {magoo} scalp small
[11:10] {magoo} needs mkt pullbk
[11:10] {dino} apei
[11:11] {dino} v sm risky wide apei s .40
[11:12] {magoo} in..weait around .55
[11:12] {magoo} cents
[11:12] {dptl} Vad,slw....break of .30 short looks ok??? with stop above .40??
[11:13] {Threei} well, with 10 cents risk almost any trade looks OK :)
[11:13] {Threei} don't know dp,
[11:13] {magoo} .46 stop
[11:13] {Threei} commodities are strong today
[11:13] {Threei} feels against the current
[11:14] {Threei} SLW is silver play
[11:14] {dptl} ye..thats were i have prob ..i see lots of thouse set ups.. and lots of time overtrading them
[11:15] {Threei} today is pretty much repetition of yesterday so far
[11:15] {Threei} quiet, slow
[11:17] {magoo} rimm stopped
[11:18] {dino} that palin is pleasant to look at in a pair of levi's
[11:20] {dino} mygn spikes again
[11:23] {amarg} why is hig having a reverse relation to the market today?
[11:24] {Threei} it doesn't have reverse relation...
[11:24] {Threei} it retreated in the morning with market
[11:24] {dino} reverse?
[11:24] {Threei} went up later with market
[11:24] {dino} ci perhaps
[11:33] {Threei} UAUA retreated again mags
[11:33] {Threei} worth watching for entry point
[11:33] {magoo} ok
[11:34] {magoo} might lose 15 this time vadf
[11:35] {dino} v sm dxd l .53
[11:38] {Threei} no pulse in the market whatsoever
[11:40] {dptl} took that slw short .29
[11:40] {Threei} just don't fall asleep
[11:40] {dptl} :)
06[11:42] * dino slaps dptl around a bit with a large trout
[11:42] {dino} making sure you're awake
[11:42] {dptl} :) thanx
[11:43] {dino} np
[11:46] {Threei} where else you get so much care dp
[11:47] {dptl} he he...
[11:48] {_maga} as you you are fond of ...here is a gift:
[11:48] {_maga} }{\(\(\(°}
[11:48] {_maga} :-)
[11:48] {Threei} ROFL
[11:49] {dptl} lol
[11:50] {dino} dxd stopped -.30
[11:56] {dino} ci pullback
[11:58] {Threei} UAUA started teleportation pattern
[11:58] {Threei} did .54 - .70 twice
[12:03] {dino} pru sm s .00
[12:09] {Threei} what a major yawn
[12:09] {Threei} worse than yesterday
[12:10] {dptl} trmb?
[12:10] {Threei} no single day in August, traditionally dead month, was so boring as this
[12:11] {Threei} not sure it's worth the risk dp
[12:11] {dptl} uh too late took .23
[12:13] {dptl} gonna keep stop under .08
[12:14] {Threei} one sleeper stock was not enough for you weh
[12:15] {Threei} don't push dp... where there is nothing to do there is nothing to do
[12:15] {Threei} that's when you run up unneeded stops
[12:15] {dptl} yeah.. you right..
[12:18] {tomg} out uso
[12:18] {Threei} plus how much?
[12:19] {Threei} 4?
[12:19] {tomg} $4
[12:19] {Threei} beautiful
[12:19] {Threei} wtg
[12:19] {tomg} ty
[12:19] {tomg} 401k trade?
[12:20] {tomg} not a question, sorry
[12:20] {Threei} good way to heal that deeply sick 401K
[12:20] {tomg} yes, that's what i thought
[12:21] {dptl} mooving stop to under .14 trmb
[12:21] {dino} pru stopped -.49 sm
[12:34] {Geo} :)
[12:37] {magoo} NICE TOM
[12:41] {dino} ok amarg
06[12:44] * Chaeron must be dyslexic... keep reading amarg as magoo
06[12:45] * Geo is confused maga and magoo
[12:46] {magoo} me too..i keep thinking someone is talking to me
[12:46] {Geo} lol
[12:46] {Chaeron} that's all in your head magoo
[12:46] {Threei} that's nothing... I got confused this morning between 5 of my personalities, and in a state of confusing shaved wrong one
[12:46] {magoo} lets petition vad to change his name lol
[12:46] {Geo} dino thinks palin talks to her in her levis
[12:46] {Geo} to him :)
[12:48] {dino} she does
[12:48] {Threei} some problems over Internet
[12:48] {Threei} routes get dropped
[12:48] {Geo} lol@dino
[12:52] {Geo} hmm kicked out of room
[12:52] {Geo} okok palin talks to vad too
[12:52] {Threei} [12:48] {Threei} some problems over Internet
[12:52] {Threei} [12:48] {Threei} routes get dropped
[12:52] {Geo} :)
[12:54] {Threei} wow
[12:54] {Threei} SOLF
[13:03] {dptl} .
[13:10] {lisa_jay} If any one is awake, was wondering if you could help me with placing hard stops.
[13:10] {lisa_jay} I have learnt that I am too slow / not disciplined so need hard stops
[13:11] {Chaeron} I'm awake LJ, but don't use them
[13:12] {lisa_jay} Ok, thanks Chaeron.
[13:12] {Chaeron} sorry... why do you feel as tho you're not disciplined?
[13:13] {lisa_jay} History of my life...usually when the stop price hits i hesistate.
[13:14] {lisa_jay} Results in move of 5+ c before i take stop.
[13:15] {dino} axp s .70
[13:17] {Chaeron} .05 isn't bad... I use a bit of pad at times, no more than that tho... usually a couple cents
[13:18] {lisa_jay} Ok, will get it eventually I guess.
[13:18] {Chaeron} I'm sorry.. I don' tknow how to enter them even on Laser... you on Laser?
[13:19] {lisa_jay} Not on Laser...I guess slippage of couple of cents will happen even with hard stops.
[13:20] {lisa_jay} Does anyone use Limit Orders with stops?
[13:20] {dptl} me
[13:20] {Geo} interesting dp
[13:20] {Chaeron} psychologically speaking tho, don't let it become an excuse to let .02 turn into .20... make sense?
[13:20] {Geo} 5 cent limit?
[13:21] {Geo} you using OMS mod dp?
[13:21] {lisa_jay} Chaeron - this is why I need hard stops. With the volatile stocks stocks it can happen in a blink.
[13:22] {dptl} only if too slow stock and i have to step out
[13:22] {Geo} ok
[13:23] {Chaeron} true... know your limits and don't play RIMM, etc until you got it down and disciplined. You don't have to take every trade... every stock has a diff personality. Like I normally won't trade wide spread stocks... my personal limitation
[13:23] {lisa_jay} How much of spread do you limit yourself to?
[13:23] {dino} and i will......but smaller size
[13:24] {Chaeron} depends on stock
[13:24] {Chaeron} some I see .20+... won't touch... .10 is questionable and less is ok
[13:26] {lisa_jay} Ok, thanks Chaeron.
[13:27] {dino} lisa...if i may....
[13:27] {lisa_jay} Please...(no trout though)
[13:27] {dino} you must find YOUR edge, not everybody else's
[13:28] {dino} then simply manage the risk (size and stops), be consistant, and keep it simple
[13:28] {Chaeron} excellent point dino
[13:28] {dino} as long as you have some sort of edge, it will work over time
[13:28] {lisa_jay} Consistancy is hard for me.
[13:29] {Chaeron} you have MPP?
[13:29] {lisa_jay} Yes, working through it.
[13:30] {Chaeron} keeping track of trades and then go back review winning and losing ones and see what pattern comes from it
[13:30] {Chaeron} know yourself
[13:30] {dino} consistanc how? w/stops? then no excuse....simple as that
[13:30] {dino} enter hard stops if that is the problem
[13:31] {lisa_jay} Ok.
[13:31] {Chaeron} I would bet it would show what dino summed up
[13:31] {dino} remember trading is not about being right (learn to expect losses), it's about trading right (consistency)
[13:32] {peterg} essential issue in facing facts--oops mkt going against me, I'm outa here return to security
[13:32] {Chaeron} just take the stop.. either that or we won't have you to trout because you'll eventually be gone... and I'd be sad :(
[13:32] {peterg} I keep having to work throught the humiliation of error
[13:32] {peterg} well said master ch
[13:32] {dino} i expect to lose on 4 of 10. bthats my edge
[13:32] {peterg} what a realist
[13:32] {peterg} still want perfection
[13:33] {dino} so as i say to my son, when he says i'm wrong..."so what, i was wrong 5 times today"...get it...nothing matters
[13:33] {peterg} nothing is real, strawberrry fields fordever
[13:33] {dino} no perfection peter, it is simply an odds game...think in probabilities
[13:34] {peterg} right
[13:34] {peterg} getting better
[13:34] {dino} when i hit 4 or 5 in row, i sit back, because the house will smack me soon
[13:35] {peterg} many on the list are hard-core traders, earning a living at it. I respect that. For the present, I want to earn an allowance.
[13:36] {dino} then, with all respect, keep it simple
[13:36] {lisa_jay} I am trying to become a full-time trader too. It really is hard.
[13:37] {peterg} Oh yeah. Emotions being the biggie.
[13:38] {dino} you are complicating it then. find your edge, keep it simple. everybody is different and trades differently. no one right way
[13:38] {dino} if you never find "your edge" you will fail
[13:38] {peterg} I agree with you dino and am currently trading apple patterns with some success
[13:39] {dino} good.
[13:39] {peterg} I feel bits of edge from time to time, but have always felt
[13:39] {peterg} i am a slow learner
[13:39] {dino} lol
[13:39] {peterg} turtles get there
[13:40] {Chaeron} but you gotta stick your neck out to get there :)
[13:40] {peterg} registered a URL: mouseinvestments.com
[13:40] {peterg} still working on motto: run in graba bite and get out
[13:40] {dino} way of turtle...good book 1st have
[13:40] {peterg} good pt ch
[13:41] {dino} have=half
[13:41] {peterg} turtle with flying fingers
[13:42] {Geo} hmm whats up with yhoo today
[13:42] {peterg} the secret methods that turned ordinary people into legendary traders
[13:42] {peterg} way of turtle
[13:43] {peterg} you recommend book dino?
[13:44] {dino} the 1st half made alot of sense to me
[13:44] {dino} it was all a system, those who broke it washed out
[13:45] {dptl} what the name of the book?
[13:46] {dino} way of the turtles, curtis faith
[13:46] {dptl} ty
[13:46] {dino} trading places movie sort of take on it
[13:48] {Threei} if I may...
[13:48] {Threei} [13:32] {peterg} I keep having to work throught the humiliation of error
[13:48] {Threei} see... there is no such thing in reality
[13:49] {Threei} you enter a stock on certain setup
[13:49] {Threei} no setup is garanteed to work in each given case
[13:49] {Threei} so the chance of it not working is always there
[13:49] {Threei} thus, there is no error
[13:49] {Threei} as dino said, you simply playing the odds
[13:50] {dino} :) flip a coin
[13:50] {Threei} odds are in your favor over statistically valid size of sample
[13:50] {Threei} if you play valid setups
[13:50] {Threei} but ech given case may or may not work
[13:50] {Threei} it's not working - get out and wait for the next bus
[13:51] {Threei} no error, no humiliation, no reflection of losing trade on your celf-perception
[13:51] {peterg} Right--I suffer from overactive hypercdritical superego
[13:51] {dino} axp bstop to .58
[13:51] {dino} cov +.12
[13:51] {Threei} and from our spelling that started rubbing off of you
[13:51] {peterg} yess
[13:51] {peterg} getting looser, better
[13:51] {dino} anything can happen...nothing matters
[13:52] {Threei} not many think of it this way but here is one of the most important traits of a trader:
[13:52] {peterg} true zen
[13:52] {Threei} self-irony
[13:52] {peterg} what
[13:52] {peterg} oh
[13:52] {Threei} not taking yourself too seriously
[13:52] {Threei} then your ego doesn't kick in
[13:52] {peterg} well, isn
[13:52] {peterg} t that the trick,
[13:53] {Threei} before hitting that buy button, ask yourself "ready to lose 150/"
[13:53] {dino} bingo
[13:53] {Threei} here we go then,
[13:53] {Threei} 150 is thrown on the table
[13:54] {Threei} now, was I the smartest one on a planet or was I complete finished unbeatable idiot?
[13:54] {peterg} Both?
[13:54] {Threei} oh, it's a stop - I was second biggest idiot on earth
[13:54] {Threei} fine, shurg, dry laugh
[13:54] {Threei} next
[13:55] {peterg} I wanna be the new James Bond guy
[13:55] {dino} big deal, in the end it (his stop) doesn't matter if you have an edge
[13:55] {Threei} exactly
[13:55] {dino} vad is a shrink. he taught me
[13:55] {Threei} who is here from the get go
[13:55] {Threei} chaeron
[13:55] {Threei} cosmo
[13:55] {Threei} raven
[13:55] {Threei} jmb
[13:55] {Threei} ask them:
[13:55] {dino} as soon as it did not matter, i started making $
[13:56] {Threei} how many stops have I taken over these years?
[13:56] {peterg} hmmmm
[13:56] {peterg} this deeep
[13:56] {Threei} zillion
[13:56] {Threei} or two zillions
[13:56] {Threei} so what?
[13:56] {dino} 80/month ave
[13:56] {Threei} ask dino, magoo:
[13:56] {Threei} how many times have they seen me going through cluster of losses
[13:56] {Threei} and next question:
[13:57] {dino} and you know what, the only stops that ,attered are the ones not taken
[13:57] {Threei} was there any single time I wouldn't recover in the next few (hours, days, weeks)
[13:57] {dino} mattered
[13:57] {Threei} and made it all back and a lot more
[13:57] {Threei} very true
[13:57] {Threei} that one stop you never took can do you in
[13:57] {dino} thats they key
[13:57] {peterg} That much I get solidly
[13:58] {Threei} it's just a normal part of trading, part of playing the odds
[13:58] {Threei} shrug it off
[13:58] {dino} all other stops don't matter peter, pound that into your head
[13:58] {Threei} never let it reflect on your perception of yourself
[13:58] {peterg} So zen self analysis: too much desire (attachment) leads to error, suffering
[13:58] {Threei} reread these two posts in the blog
[13:58] {Threei} lemme find them
[13:59] {cosmo} its better to have traded and lost, than to have never traded at all
[13:59] {cosmo} no?
[13:59] {peterg} Shakespear, our first trader
[13:59] {peterg} yes
[13:59] {Threei} http://www.realitytrader.com/blog/2007/05/stops-why-dont-we-keep-them.html
[13:59] {dino} you see, imo, tading is like hitting a wall, and walls are made to keep people out. stops enable you to climb over the way
[13:59] {Threei} http://www.realitytrader.com/blog/2008/08/non-stop-discussion-of-stops.html
[14:00] {Threei} ok dino, that's too deep :)
06[14:00] * Chaeron slaps laserdave1 around a bit with a large trout
[14:00] {Chaeron} DCC Dave
[14:01] {Geo} Its called a stepover stop.....
[14:01] {dino} lol. i am done....so i leave w/this: being poor sucks, staying poor is stupid
[14:01] {Chaeron} amarg... DCC
[14:01] {Geo} hey raven.... i just remembered something...... have you seen the crown of the next king of bhutan?.... check it out and its history when you have time..
06[14:01] * Chaeron dcc'g everybody
[14:03] {dino} apei bstop to .15 all dayer
[14:03] {Chaeron} noone answering tho :)
[14:04] {lisa_jay} Thanks Vad, Dino, Chaeron, Peter...will print out todays log and read it every morning now.
[14:04] {Raven} crown on next king of Bhutan ????
[14:04] {dino} cov slippped ave .15, +.25
[14:04] {Raven} sheesh
[14:05] {Geo} humor me
[14:05] {Geo} google it
[14:05] {Raven} uh ... OK
[14:05] {dino} np lisa and gl
[14:05] {lisa_jay} thank you
[14:06] {Raven} Obviously a very smart new King ...
[14:07] {Geo} yes :)
[14:07] {Geo} amzinf place to visit
[14:08] {Geo} i thought youll be interested in the crown history though
[14:08] {Raven} I just want to see the damn crown
[14:08] {Raven} all I see is the king
[14:08] {Geo} lol
[14:08] {Raven} to hell with him
[14:09] {peterg} this is your crown, raven
[14:09] {Raven} perhaps
[14:09] {Geo} a crown surmounted by the head of a raven. The bird represents a form of Mahakala, Bhutan's guardian deity. The prototype of the founding monarch's Raven Crown had first been devised as a battle helmet for his father, Jigme Namgyel (1825-81).
[14:10] {Raven} I see
[14:10] {peterg} google raven crown under images
[14:11] {Raven} that's a thought
[14:12] {Geo} http://www.kuenselonline.com/modules.php?name=News&file=article&sid=10581
[14:12] {Raven} ugly damn thang ... not my kind of Raven
[14:12] {Geo} lol
[14:13] {Geo} its an approximation
[14:13] {Raven} I expect accuracy
[14:13] {Geo} killing a raven used to be capital punishment in bhutan
[14:13] {Raven} should be that everywhere
[14:14] {Geo} much better logo
[14:14] {Geo} of crown http://2008.bhutan-360.com/uploads/logo/problems.jpg
[14:14] {Geo} ok ill stop spamming now
[14:15] {Raven} still looks dopy
[14:15] {Raven} dopey
[14:15] {Geo} i was more interested in the folklore
[14:15] {Geo} :)
[14:15] {Raven} I don't trust folklore
[14:15] {dino} kbr s .52
06[14:16] * Geo sighs and goes back to corner
[14:16] {Raven} {----------- back to his perch
06[14:18] * Chaeron slaps amarg around a bit with a large trout
[14:18] {Chaeron} I left you a DCC
[14:20] {lisa_jay} Chaeron..got your DCC.
[14:26] {dptl} pei?
[14:28] {Threei} 11 break? :)
[14:29] {dptl} missed
[14:29] {dptl} 11 missed .18
[14:29] {dptl} it's ok
[14:29] {dptl} :)
[14:29] {Chaeron} sigh... I'm lost... even tried typing GRRR in quote box
[14:31] {dino} met l .72
[14:36] {dino} met stopped -.22
[14:40] {dptl} wfr...may be? .10
[14:40] {Threei} could be
[14:41] {dptl} damn it...got .10
[14:41] {Threei} didn't wait for break?
[14:41] {Threei} .10 was tagged last time around too
[14:41] {dptl} it started
[14:47] {dptl} oh well...stopped -.16
[14:47] {Threei} CNBC'S FABER REPORTS GOOGLE HAS ASKED MANAGEMENT TO IMPLEMENT AN 'UNOFFICAL HIRING FREEZE'
[14:47] {Threei} - positions being filled with internal promotions.
[14:47] {Threei} - also notes Google is cutting back on some perks.
[14:53] {peterg} selling off its czech fighter jet?
[14:57] {dino} cov kbr .48 +.04 thing won't drop
[14:57] {dino} ci l .60
[15:01] {Threei} MA lost its mind
[15:01] {Threei} Cramer TV hype
[15:04] {Threei} magoo fess up... shorted GOOG?
[15:05] {magoo} earlier i did yes
[15:05] {Threei} on new headline I mean
[15:05] {Threei} news
[15:05] {magoo} yes
[15:05] {Threei} :)
[15:05] {magoo} before u posted i heard it faber
[15:06] {Threei} nice
[15:06] {Threei} how many points?
[15:08] {Threei} highest turnout election in 100 years
[15:19] {dino} out ci .62 +.02 stuck one
[15:21] {Geo} .
[15:23] {Threei} what an amazingly empty day
[15:23] {dino} ................
[15:23] {dino} oh contrare my friend about 1.4x
[15:24] {Geo} sheesh
[15:24] {Geo} -90 here
[15:24] {Threei} lol
[15:24] {Threei} still up thanks to those morning trades but nothing to write home about
[15:24] {dino} 400 neg. yesterday geo, usually one day/week
[15:25] {Geo} i screwed up a stop
[15:25] {Geo} youre a machine dino
[15:25] {Geo} and i mean it in a good way
[15:26] {Threei} you will be too... when you stop roaming all over internet looking for some weird new things, softwares, people etc :)
[15:26] {Geo} hey
[15:26] {dino} just lucky
[15:26] {Threei} {dino} just trade
[15:26] {dino} axp l .38
[15:26] {Geo} the raven crown was on headlines yesterday
[15:26] {Threei} no, that's fuin... that's OK
[15:27] {Threei} fun too
[15:28] {Raven} {}
[15:32] {dino} pout axp .50, +.12
[15:32] {dino} out
[15:32] {Geo} comeon vad
[15:32] {Geo} gimme a trade
[15:33] {Geo} ill go positive !!!!
[15:33] {dino} just did
[15:33] {Geo} what
[15:33] {Geo} ?
[15:33] {Geo} i am disconnected :(
[15:33] {Threei} [15:26] {dino} axp l .38
[15:33] {Threei} 15:32] {dino} out axp .50, +.12
[15:34] {Geo} uhh yeah i dont take dino trades
[15:34] {dino} how do you repeat?
[15:34] {Geo} it shortens my life
[15:34] {Threei} lol
[15:34] {dino} hmmmmmmm
[15:34] {_maga} look LVS what a capitulation pattern
[15:34] {Threei} yeah
[15:34] {Threei} probably bounce time
[15:34] {Threei} risky as hell
[15:34] {dino} ci l .77
[15:36] {Threei} .71 LVS long half lot if stays above .50
[15:36] {Threei} only if feel like living on the edge
[15:37] {dino} ci stop to b/e
[15:39] {dino} out ci .87, +.10
[15:40] {Threei} with that huge offer at .60 can change to more aggressive entry
[15:40] {Threei} .60 break
[15:42] {Threei} and with such tight stop can do full lot probably
[15:42] {Threei} pesonal decision
[15:43] {dawg} in LVS .59 sm lot
[15:44] {_maga} in lvs at .6
[15:44] {dawg} out 1/2 LVS
[15:44] {Threei} half out .79
[15:45] {lisa_jay} Got .19 on LVS thanks Vad.
[15:45] {Threei} lisa :)
[15:45] {Threei} geo??
[15:45] {Geo} got .17 thanks
[15:45] {Threei} whew
[15:45] {_maga} out .76 got +0.16 TX Vad
[15:46] {Threei} welcome maga
[15:46] {Threei} offering balance 13.05
[15:46] {Threei} may have to ree-valuate
[15:46] {Threei} but for now, let it be there
[15:49] {Geo} back in black..... phew.... election day sucks
[15:49] {Threei} lol
[15:49] {Geo} also took break of 22.2 on vrsn
[15:50] {dino} gj geo
[15:50] {Geo} yeah i would hate to loose money in vad's room
[15:50] {Threei} I just listened to joe the plumber
[15:50] {Threei} that's how bored I am
[15:50] {Geo} it would spoil his record
[15:51] {Geo} i heard he signed up for a record deal
[15:51] {Threei} amazing how no one gets his answer why he doesn't want 25K+ guys to pay more taxes since he makes nowhere close to that amount
[15:51] {Threei} he is likely to benefit so why he objects
[15:52] {Threei} maybe because he doesn't want someone's money?
[15:52] {Threei} I wouldn't
[15:52] {Geo} he is just not comfortable vad
[15:52] {Threei} I don't see myself as a looter
[15:52] {Threei} or charity reciever
[15:52] {dawg} Vad are you still offering 1/2 LVS
[15:53] {Threei} yes but time runs out on me
[15:53] {dino} ci s .00 risky
[15:53] {Threei} not likely to work
[15:53] {Threei} but whatever... finished day with nice trade
[15:54] {Threei} and in the money
[15:54] {dawg} out last half 12.63
[15:54] {dino} stopped .97, cov +.03
[15:54] {dino} too tight
[15:55] {dino} i believe that is all for me today
[15:56] {Geo} vad if you have time dcc pls
[15:56] {Threei} just a few
[15:56] {Threei} let me exit this thing before the bell :)
[15:56] {Geo} sure ill page after close
[15:56] {Threei} much as like to chat with ya... don't want LVS overnight {G}
[15:56] {Geo} [12:53] {Threei} but whatever... finished day
[15:57] {Threei} ok out
[15:57] {Geo} i thought you closed
[15:57] {Geo} sorry
[15:57] {Threei} .84
[15:57] {Threei} now it can go wherever it choses
[15:58] {dino} thx all
[15:58] {dptl} have a good evening all
[16:00] {Threei} thank you all
[16:00] {Threei} have a good evening
[16:00] {lisa_jay} Thanks Vad.
[16:00] {Threei} see you tomorrow in a new country
[16:00] {Threei} go votye
[16:00] {magoo} ty vad
06[16:00] * Geo voted for romney
[16:10] {dino} gn all
[16:13] {dino} fwiw we are +19% on dji in 5 trading days,,,,sell the rips soon imo
