Wednesday, June 13, 2007

Realitytrader TradeLog - June 13, 2007

Session Start: Wed Jun 13 00:00:01 2007

Session Time: Wed Jun 13 00:00:01 2007

Session Start: Wed Jun 13 07:13:36 2007
[07:13] *** Now talking in #discussions
[07:13] -admin- [Welcome-#discussions] Welcome to the RealityTrader Discussion Room. Please read our disclaimer at: before proceeding.
[07:14] {Threei} ugh... missed VRGY break of 30
[07:14] {dino} ty sir
[07:16] {dino} cov rig flat
[07:17] {magoo} if IF AMZN takes .50 , get near 72 imho RISKY halfer
[07:17] {Threei} VRGY small shares entry here
[07:18] {Threei} stop under .80
[07:18] {magoo} vad, apply foot to GNBT
[07:18] {Threei} GNBT, let the feeding frenzy begin
[07:20] {craigaudio} you playing break vad?
[07:20] {dino} ati l .85
[07:20] {craigaudio} ref:GNBT
[07:20] {Threei} in from .95, yesterday's high break
[07:20] {Threei} [09:54] {Threei} GNBT tries for yesterday's high
[07:20] {Threei} [09:54] {Threei} worth a try
[07:20] {Threei} [09:54] {Threei} feels over 2, has a good shot at 2.20 or so
[07:20] {dino} gna stopped -.06
[07:20] {craigaudio} ok. im in on last break 2
[07:21] {magoo} 09:54] {magoo} long .89
[07:21] {magoo} [09:54] {magoo} .45 long t
[07:23] {Roman} AMZN near high
[07:23] {Roman} dcel
[07:24] {esemde} any opinions on SAPE looks like cup and handle on 2min chart
[07:25] {dino} not here
[07:25] {Threei} feelas stalled
[07:25] {Threei} feels
[07:26] {esemde} tks
[07:27] {Threei} VRGY, stop to .89 if you are still in
[07:27] {dino} hl s decc .99
[07:28] {Threei} magoo... GNBT started following NQ
[07:28] {Threei} usual transformation... independent mover turns into follower as news effect wears off
[07:28] {magoo} yeah
[07:28] {magoo} one push i be out but.....
[07:29] {Threei} NQ has a good shot at breaking 1930
[07:29] {Threei} which should put GNBT over 2.05, lol
[07:29] {DaveG} that thing is so thick
[07:30] {Threei} well, you don't play 300 shares on it
[07:30] {magoo} not really dave respectfuklly submitted
[07:30] {dino} ati stopped, hmm, somethings' wromg w/it
[07:30] {DaveG} ok, i'll head over to my corner again
[07:31] {craigaudio} oil prices higher
[07:31] {Threei} and think of your behaviour
[07:32] {Threei} I am out magoo... sorry :)
[07:33] * magoo slaps Threei around a bit with a large trout
[07:33] {_sirzuke} aapl breaking
[07:33] {_sirzuke} lod
[07:33] {magoo} out .01 vad, 4k
[07:34] {Threei} got any left?
[07:34] {magoo} out full
[07:34] {magoo} from .89
[07:35] {magoo} nice trade
[07:35] {Threei} good entry
[07:35] {magoo} we gonna regrett the exit i'm afraid
[07:35] {Threei} you beat me on it by 6 cents, I beat you on exit by 1 and on size by 1K... overall balance is in your favor
[07:36] {craigaudio} you guys think its over for GNBT
[07:36] {Threei} not necessary
[07:36] {magoo} could be craig
[07:36] {craigaudio} ? im in from 2 break
[07:36] {magoo} frenzy over
[07:36] {magoo} out AMZN .61
[07:36] {Threei} will largely depend on NQ from here I believe
[07:36] {magoo} + .79
[07:36] {Threei} wtg magoo
[07:37] {Threei} see craig, our setups were different,
[07:37] {magoo} oh wait...laser got me .63 he he
[07:37] {Threei} different risk/reward relation,
[07:37] {Threei} so our take on the play development is different
[07:37] {Threei} you don't exit just because you think ther play is over
[07:37] {magoo} [09:51] {magoo} in amzn .89
[07:37] {Threei} you exit or partial when risk/reward ratio changes
[07:38] {Threei} to protect profits, maximize them etc
[07:38] {magoo} .74 whatever lol
[07:38] {Threei} if exit was solely dictated by the opinion that move is done, then we would go with entry in opposite direction as well, wouldn't we?
[07:39] {Threei} think of why we don't
[07:39] {craigaudio} ok i see
[07:39] {Threei} it will give you new level of understanding what this game is about
[07:39] {magoo} amzn going over 72 imho
[07:40] {magoo} hard breather tho...half lot
[07:40] {dino} tbsi s .21, stop hod
[07:40] {magoo} long trigger .65
[07:41] {DaveG} Raven needs a +
[07:42] {Threei} hmmmm GNBT ia stronger than it seemed
[07:42] {Threei} sneaky move
[07:42] {DaveG} thank you
[07:43] {Threei} dave, aka guard of order and tradition
[07:44] {Threei} craig, where was your original stop?
[07:44] {craigaudio} 1.89
[07:44] {craigaudio} now .94
[07:45] {_sirzuke} yeah for my apple puts
[07:47] {DaveG} bonds stronger
[07:50] {magoo} in amzn .65
[07:51] {magoo} out now
[07:51] {magoo} full lot
[07:51] {_sirzuke} good timing
[07:51] {magoo} i called it earlier...just followed plan
[07:52] {_sirzuke} do you use cci?
[07:52] {magoo} [10:39] {magoo} amzn going over 72 imho
[07:52] {magoo} [10:39] {magoo} hard breather tho...half lot
[07:52] {magoo} [10:39] {dino} tbsi s .21, stop hod
[07:52] {magoo} [10:40] {magoo} long trigger .65
[07:52] {magoo} [10:40] {D
[07:54] {magoo} amzn day high oin laser wrioong at .78...i know ..i got .85
[07:54] {magoo} shit got .89 on 100 shares
[07:55] {DaveG} i show 71.89
[07:55] {magoo} laser showing .78
[07:57] {DaveG} lmra
[07:58] {esemde} Vad your read on SAPE was excellent calling it you see any difference withTTMI
[07:58] {dino} cree
[07:59] * magoo slaps Roman around a bit with a large trout
[08:00] {Roman} GCOM Globecomm Systems awarded multiple contracts from a global multilateral organization valued at approx $2.1 mln (13.68 -0.05)
[08:01] {magoo} vad, wghats our stop vrgy?
[08:01] {Threei} [10:26] {Threei} VRGY, stop to .89 if you are still in
[08:02] {craigaudio} im stopped
[08:02] {magoo} sigh
[08:02] {magoo} was .94 when i asjked
[08:03] {Threei} TTMI, no read at all esemde
[08:03] {Threei} can do anything here, roll a dice
[08:03] {esemde} tks
[08:05] {Threei} GNBT is at 1:1 for you craig
[08:05] {craigaudio} yes
[08:06] {craigaudio} have half lot ready to exit
[08:06] {craigaudio} just below bid
[08:06] {craigaudio} out half
[08:06] {Threei} I play this kind of things differently somewhat
[08:06] {Threei} I offer them into frenzy buying
[08:06] {craigaudio} do tell
[08:07] {Threei} get ECN rebate too which is nice on big lots
[08:07] {craigaudio} usuallt trail incase it goes higher
[08:08] {Threei} trail on the balance, offer into stgrength
[08:08] {Threei} let them take you out
[08:08] {Threei} feed ducks when they quack
[08:08] {DaveG} please do not feed the wild animals
[08:09] {DaveG} keep hands and feet outside the cages
[08:09] {Threei} OK... then sell the peanuts when the circus is in town, because when it leaves who are you going to sell peanuts to
[08:09] {DaveG} :)
[08:09] {magoo} to magoo
[08:10] {DaveG} nice analogy vad, i like that one
[08:10] {Threei} on lots like 5-10 K that rebate makes a difference craig
[08:10] {magoo} dave..have i slapped u yet today?
[08:10] {DaveG} well if not
[08:11] {craigaudio} when i sort out a proper broker it makes a difference but i pay same commission regardless
[08:11] {craigaudio} at the moment
[08:11] {Threei} ah OK
[08:15] {dino} mer s .61, stop .91
[08:15] {DaveG} and no, magoo, you haven't
[08:15] * magoo slaps DaveG around a bit with a large trout
[08:23] {Roman} ASIA strong
[08:24] {Threei} 9.15 long trigger ASIA, alerted pre-market
[08:24] {Threei} let's see who paid attention?
[08:25] {lklarson} i did, but took my eye off it;(
[08:30] {dino} tbsi bstop to .01
[08:31] {dino} cov decc .40, +.59
[08:31] {dino} cov tbsi .94 +.25
[08:33] {dino} hmm, no takers i see
[08:33] {lklarson} yes, out tbsi thx dino
[08:34] {dino} :)

Session Start: Wed Jun 13 08:58:43 2007
[08:58] *** Now talking in #discussions
[08:58] -admin- [Welcome-#discussions] Welcome to the RealityTrader Discussion Room. Please read our disclaimer at: before proceeding.
[08:59] {magoo} .
[08:59] {Threei} very good point
[08:59] {Threei} I wish I made this point myself
[08:59] {dino} mer rinse
[09:00] {Threei} NEXM?
[09:14] {Threei} SAFM half lot long .80 if stays above .65
[09:35] {magoo} in
[09:37] {Threei} just a scalp IMO
[09:38] {magoo} waiting .09
[09:38] {magoo} thats me arcab
[09:38] {magoo} out .01
[09:39] {magoo} THANX boss
[09:39] {Threei} welcome
[09:39] {dino} ttmi s .-2
[09:39] {magoo} thats the way magoo likes it ..uh uh
[09:39] {dino} .02
[09:39] {dino} stop .21
[09:39] {magoo} sung to cool -n-the gang
[09:40] {magoo} thats the way uh uh ..magoo likes it uh uh....thats the way ................
[09:41] {Threei} lol
[09:41] {Threei} how many beers does one need to have this kind of fun?
[09:41] {magoo} 7
[09:41] {magoo} hicccup
[09:41] {Threei} oh... now I know why I am bored... i am just on my 5th
[09:42] {magoo} u can supliment various combinations of beer w/vodka shots vad
[09:44] {Threei} hmmm
[09:44] {Threei} there was a russian saying
[09:44] {Threei} beer without vodka - wasted moneyu
[09:44] {Threei} you sure you don't have russian roots magoo?
[09:44] {dino} cown s .99, stop .16
[09:45] {magoo} irish vad..u know what they say about the irish
[09:45] {Threei} ok, just as well {G}
[09:48] {esemde} have agreat day everybody...
[09:49] {Threei} take care esemde
[09:49] {magoo} vad, can i have 2 charts up in laser with 2 different sytocks?
[09:49] {Threei} ???
[09:49] {Threei} you can have 10 :)
[09:49] {magoo} i have 2 cgharts linked, a tik chart and minute
[09:49] {magoo} so i load vrgy and its in both charts
[09:50] {Threei} yes,
[09:50] {Threei} to have different stocks just create another set
[09:50] {Threei} look at my setup, you 'll see
[09:50] {magoo} how does the symbol load then?
[09:50] {Threei} each stock has it's own "chain" so to speak
[09:51] {Threei} oh, by linking from iscan you can use just one
[09:51] {Threei} another you will have to type it in
[09:53] {DaveG} that will be a problem
[09:54] {magoo} vad, i opened a new chart window but its just blacnk
[09:54] {magoo} what next?
[09:54] {Threei} type symbol?
[09:54] {DaveG} see
[09:54] {magoo} where?
[09:54] * Threei slaps DaveG around a bit with a large trout
[09:54] {DaveG} lol
[09:54] {Threei} right in the window, just click on it and start typing
[09:55] {Threei} it understands what you are trying to do
[09:55] {magoo} WOW..
[09:55] * magoo slaps DaveG around a bit with a large trout
[09:55] {DaveG} lol
[09:55] * Threei slaps DaveG around a bit with a large trout
[09:55] {dptl} lol
[09:57] {magoo} vad, is it best to follow $NDX or $COMP ?
[09:58] {Threei} I like NDX better
[09:58] {dptl} i use qqqq
[09:58] {dino} me too vad
[09:58] {dptl} and spy
[10:01] {_sirzuke} how about dia for dow?
[10:02] {dino} $DJI
[10:04] {magoo} vads, u use bollinger bands or moving average in a NDX chart??
[10:04] {Threei} bb
[10:05] {Threei} but I don't pay attention to them
[10:05] {Threei} lol
[10:06] {dino} i don't, just use a 20 and 50 sma
[10:07] {DaveG} lol
[10:07] {dino} i am in the less is more camp
[10:08] {DaveG} i use a 5, 34 and 50
[10:09] {DaveG} keep it simple like dino
[10:10] {_sirzuke} amzn breakdown
[10:10] {dino} cown stopped -.18
[10:39] {magoo} hello??
[10:39] {Threei} hi
[10:45] {Threei} AMZN small shares short
[10:45] {Threei} stop 70.15
[10:46] {Threei} nice fat bid to give indication for entry
[10:47] {Threei} in
[10:48] {magoo} what entry?
[10:48] {Threei} got .98
[10:49] {magoo} half loyt?
[10:49] {Threei} [13:44] {Threei} AMZN small shares short
[10:49] {magoo} i see, does say how many lol
[10:49] {Threei} lay off that vodka will ya
[10:49] {Threei} dino, control him please :)
[10:51] {craigaudio} out half 1:1
[10:51] {Threei} {dino} but the only way to control him is more vodka
[10:54] {dino} huh?, daydreaming
[10:54] {Threei} lol
[10:57] {Threei} 1:1
[10:58] {Threei} magoo?
[11:00] {magoo} hiccup, er, um. yes
[11:00] {Threei} lol
[11:01] {Threei} scalped AMZN?
[11:02] {_sirzuke} how about a scalp on aapl?
[11:02] {magoo} nah, spilled my drink on keyboard, was cleaning it up
[11:02] {Threei} sigh
[11:02] {Threei} I don't see any setup on AAPL here
[11:03] {_sirzuke} if break above 117.34 could go up more
[11:03] {craigaudio} good fed news pushing market up
[11:03] {_sirzuke} 117.43
[11:03] {Threei} it spiked fairly hard already
[11:04] {_sirzuke} yeah...looks like everything is up now
[11:04] {Threei} I'd say, it's unfavorable risk/reward
[11:05] {Threei} what is the news by fed?
[11:05] {_sirzuke} 14:05 Major indices tick higher following Beige book release... Dow popped ~35 pts in past five minutes, SPX gained 3 pts, Nas gained 6 pts
[11:05] {dino} all good
[11:09] {dino} ttmi bstop tighten to .05, dead
[11:11] {dino} appb
[11:12] {_sirzuke} nvda
[11:16] {DaveG} Thou Shall Not Chase
[11:16] {_sirzuke} bkc ceo on nbc
[11:16] {_sirzuke} just looking
[11:17] {DaveG} talking to myself
[11:18] {dino} ttmi stopped -.03
[11:18] {craigaudio} didnt even realise it was fed day. what a bad piece of trading prep
[11:19] {craigaudio} news too a while to digest with some of the stock moves
[11:19] {craigaudio} too=took
[11:19] {Threei} it's not fed day rates wise
[11:19] {Threei} beige book
[11:19] {DaveG} off-white book
[11:20] {Threei} most of the time it produces not much more tha yawn
[11:20] {craigaudio} today been that dull then seeing as it produced this move
[11:21] {Threei} actually, entire move is within 15 points NQ :)
[11:22] {Threei} it just looks sifgnificant in terms of otherwise dull day
[11:22] {craigaudio} yes
[11:22] {craigaudio} but means day ends green also
[11:22] {craigaudio} today has been soooo dull
[11:22] {craigaudio} the gap plays were the worst ive seen for time
[11:22] {Threei} who cares, it's been profitable
[11:23] {Threei} I'll have my excitment after market close
[11:23] {craigaudio} agreed.
[11:24] {Threei} don't let your worlds collide {george constanza}
[11:24] {Threei} if you have both profit and excitement during market hours, what are you going to do after close?
[11:24] {magoo} pulp can move baby {george costanza}
[11:24] {Threei} not a question for magoo and me of course as we always have vodka retreat
[11:25] {craigaudio} yes, something like that could turn me to drugs..."just need more enjoyment"
[11:25] {magoo} i had or have profitable day (and good buzz on too)
[11:25] {Threei} just wait till you try bathtub vodkaa
[11:26] {magoo} i have had backwoods grain alcohol
[11:26] {Threei} with lemon rind
[11:26] {magoo} right out of mason jar
[11:31] {DaveG} Thou Shall Not Chase
[11:32] {DaveG} i said that already didnt i
[11:32] {DaveG} corner
[11:38] {dino} l aapl .70
[11:39] {_sirzuke} aapl is scary
[11:41] {Threei} ehoes of dave :)
[11:41] {Threei} echoes
[11:41] {dino} stopped -.20
[11:45] {DaveG} DE news?
[11:45] {DaveG} DE news?
[11:45] {_sirzuke} cramer
[11:46] {DaveG} ok
[11:46] {DaveG} thanks
[11:46] {DaveG} and thank you cramer, i was long at the time
[11:47] {craigaudio} lol nice one dave
[11:48] {DaveG} pure luck
[11:48] {DaveG} but luck counts eh :)
[11:49] {Threei} nope
[11:49] {Roman} SOLF spike
[11:49] {Threei} you have to return profits
[11:49] {DaveG} crap
[11:49] {DaveG} :(
[11:49] {DaveG} :)
[11:49] {magoo} no bathroom words dave
[11:49] {Threei} contact the one you bought shares from and refund him
[11:49] {DaveG} oh, sorry
[11:50] {DaveG} lol vad
[11:50] {dino} ati s .27, hl
[11:50] {Roman} sikf
[11:50] {Roman} SOLF spike
[11:58] {craigaudio} if we get much higher that will put the rollover lower less likely
[11:58] {Roman} MNTA
[11:58] {Roman} spike
[11:59] {dino} ati stopped
[11:59] {DaveG} sheesh, de is strong
[11:59] {craigaudio} nearly all sectors green
[12:00] {craigaudio} you still in DE Dave?
[12:00] {DaveG} hell no
[12:00] {DaveG} lol
[12:00] {craigaudio} have you traded DE much today? until the cramer pump i would have said it was untradeable
[12:00] {DaveG} been trading it all day
[12:01] {craigaudio} you working off tick charts?
[12:01] {Threei} APTN
[12:01] {Threei} SPTN sorry
[12:01] {Threei} small shares long .20
[12:02] {DaveG} i use a 3, 10, 30 min charts
[12:02] {craigaudio} ok.
[12:05] {dino} partial fill enoc s .74
[12:16] {magoo} ok, i gotta hop, thanx everuone
[12:16] {DaveG} later mags
[12:16] {magoo} c u tomorrow
[12:16] {Threei} take care magoo
[12:16] {craigaudio} bye magoo
[12:33] {Threei} KMGB?
[12:40] {_sirzuke} Threei, about how many trades do you do in a day?
[12:40] {Threei} depends on activity
[12:40] {_sirzuke} today?
[12:40] {Threei} could be 5, could be 30
[12:40] {Threei} 6
[12:41] {_sirzuke} seems resonably modest
[12:41] {_sirzuke} so, pretty much you wait only for the highest probability setups?
[12:41] {Threei} well, my idea of trading is profit, not trading for trading sake :)
[12:41] {Threei} for those I can read, recognize, control risk
[12:42] {Threei} it falls into my trading system, I trade it
[12:42] {Threei} tyhe rest is noise
[12:46] {dptl} have a good evening to you tomorrow..:)
[12:47] {Threei} take care dp
[12:48] {_sirzuke} threei, what is the maximum amount needed to daytrade/scalp if the minimum is 25k?
[12:48] {Threei} minimu 25 is a myth
[12:49] {Threei} can be done with less
[12:49] {Threei} max, well,... is there such thing? :)
[12:50] {_sirzuke} can't really daytrade with more than 5 open positions at a time without loss of focus, right?
[12:50] {Threei} 5?
[12:50] {Threei} I barely keep with 2
[12:50] {_sirzuke} right
[12:50] {Threei} and only if one of them is slow, lol
[12:51] {Threei} two fast movers at the same time, you have to be 17 years old computer game addict
[12:51] {Threei} with reflexes of Tarzan
[12:54] {craigaudio} bye guys
[12:54] {craigaudio} see you tomorrow
[12:56] {Threei} thank you all
[12:56] {Threei} have a good evening, see you tomorrow
[12:56] {_sirzuke} Thanks...later
[12:58] {lklarson} have a good night all
[13:00] {dino} later all