Friday, June 22, 2007

Realitytrader TradeLog - June 22, 2007

Session Start: Fri Jun 22 00:00:00 2007

Session Time: Fri Jun 22 00:00:00 2007

[05:54] {craigaudio} gm guys
[05:56] {cosmo} TASR: Taser Says Texas Lawsuit Dismissed
[05:57] {cosmo} 13.55 pre mkt high
[06:03] {Threei} good morning
[06:04] {craigaudio} gm vad
[06:04] {Threei} craig :)
[06:05] {esemde} good morning..
[06:05] {Threei} es :)
[06:05] {esemde} morning vad
[06:05] {Threei} hi :)
[06:06] {Threei} HOKU, interesting on pullback
[06:06] {Threei} no rush yet
[06:06] {Threei} TASR is above resistance level
[06:07] {Threei} something ignites BCON... worth keeping eye on
[06:07] {Threei} dog with fleas, but can run now and then
[06:10] {esemde} Had been tracking for a few days...considered buying in at the end of yesterday
[06:10] {esemde} TASR that is
[06:11] {Threei} if that sentence ended with "then fell asleep", cosmo and I could relate
[06:11] {esemde} almost...."add in a meeting" and could not get to a computor
[06:12] {cosmo} TASR news is not so shocking
[06:12] {Threei} not so stunning you mean?
[06:12] {esemde} ha...ha...
[06:13] {cosmo} 'stunning' works
[06:14] {cosmo} HOKU should hold 9 ...right?
[06:15] {DaveG} morn
[06:15] {Threei} I wouldn't disregard it as bounce candidate if it lost 9 too
[06:15] {Threei} hey Dave
[06:15] {esemde} how....zit. going ....Dave
[06:16] {DaveG} not feeling well
[06:16] {DaveG} at home
[06:16] {esemde} it's going around...have had a flu type thing since tuesday
[06:20] {esemde} SMSI...doin stuff also
[06:20] {magoo} hjlkszhffhhhhhlkhhh
[06:20] {Threei} gjdldkmtusishenupw5 magoo
[06:21] * DaveG slaps magoo around a bit with a large trout
[06:22] {dino} gm all
[06:22] {esemde} are ye hung over man.....
[06:22] {esemde} morning dino
[06:22] {dino} mornin' ese
[06:23] {esemde} bad vodka will do tha to ya magoo..
[06:24] {lklarson} morn all
[06:24] {dino} had a few yeunglings' last night watching ncstate baseball
[06:24] {Threei} dino, lkl :)
[06:24] {cosmo} bad vodka still has potatoe chunks in it .. i thot
[06:24] {magoo} i never had or heard ofd "bad vodka" any vodka better than no vodka in world of magoo
[06:25] {DaveG} lol
[06:26] {cosmo} TASR
[06:26] {magoo} hey vad, keep one eye on aapl again, always has big daily move and u hit it noice yester
[06:26] {dino} bx gonna run?
[06:27] {esemde} whats bx dino
[06:27] {dino} blackstone ipo
[06:27] {esemde} tks
[06:31] {Threei} TASR long here with .20 stop
[06:32] {Threei} should take .50 and jump
[06:32] {Threei} took
[06:32] {Threei} jumped
[06:32] {Threei} 1:1, half out
[06:33] {lklarson} out thx vad
[06:33] {Threei} welcome
[06:35] {craigaudio} didnt quite reach 1:1 on TASR the little blighter
[06:35] {Threei} out balance
[06:36] {lklarson} think it might bounce vad
[06:36] {Threei} on fast moving stocks don't be too literal, it's about areas rather than exact prices with them
[06:36] {craigaudio} yes i see
[06:36] {Threei} keep sale order in at 1:1 and be ready to hit the bid if it reverses close to it
[06:37] {Threei} my sell order was in at .65
[06:37] {Threei} hit .60 when it paused for a bit too long, got .62 fill
[06:37] {craigaudio} ok
[06:38] {Threei} no read for now lkl
[06:38] {craigaudio} stopped
[06:38] {Threei} should form something
[06:38] {lklarson} ok thx
[06:38] {craigaudio} fine line between success and failure
[06:38] {dino} l cs .90, stop .67
[06:39] {Threei} it's a fluid game craig... can't ne too formal and rigid, especially when it comes to fast movers
[06:39] {craigaudio} yes
[06:40] {Threei} hesitant call, BCON long .14
[06:40] {Threei} magoo, it's a slow one
[06:40] {magoo} ty, do not like the all day luv afair
[06:41] {Threei} ZVUE?
[06:45] {Threei} AAPL .20 short, small shares
[06:45] {Threei} disregard for now
[06:45] {Threei} need new resistance level, too broad range
[06:45] {Roman} JASO interesting
[06:46] {Threei} AAPL short on again if no go above .50 anymore
[06:46] {lklarson} stopped cs
[06:49] {Threei} GLBL
[06:49] {Roman} CTDC
[06:49] {Threei} .91 long
[06:49] {Roman} long small
[06:50] {Threei} .79 stop
[06:50] {dino} ditto lkl on cs
[06:51] {dino} smsi stopped, -.24
[06:52] {dino} rinsed
[06:52] {lklarson} can't win e'm all, lol
[06:53] {dino} o for 2 this ,orn'
[06:53] {dino} ms l .48
[06:54] {dino} hl wider
[06:55] {Roman} CTDC holding
[06:57] {DaveG} out 1/2 de calls +.40
[06:58] {DaveG} out all de calls +.60
[06:58] {DaveG} good lord
[06:58] {DaveG} :))
[06:58] {lklarson} lol
[06:59] {dino} cree
[06:59] {craigaudio} wow
[06:59] {dino} wtg
[06:59] {DaveG} ty
[07:00] {craigaudio} nice cree
[07:07] {magoo} sheesh..down 71
[07:16] {Roman} SMSI
[07:17] {lklarson} stopped ms
[07:24] {Roman} XIDE spike
[07:25] {dino} l leh .32, stop .10
[07:26] {Threei} HOKU
[07:26] {Threei} about to lose 9
[07:26] {magoo} not avail liaser vad
[07:27] {Threei} no, watching for substantial pullback for long
[07:27] {craigaudio} market not healthy at minute
[07:30] {lklarson} stopped leh
[07:30] {dino} leh stopped
[07:31] {dino} ms stopped
[07:34] {Threei} watching LNET for possible short
[07:34] {lklarson} can someone trout the market please
[07:35] {Threei} under .40, half lot with stop .61
[07:36] {dino} gsol spike
[07:45] {dino} leh, ms gs, cs all going up
[07:48] {Threei} GLBL getting ready
[07:48] {Threei} stop to .84
[07:48] {dino} talk about dino getting rinsed today, sheesh
[07:49] {magoo} where u waiting vad?
[07:49] {magoo} i at .11
[07:49] {Threei} somewhere about 26, depending on how it acts
[07:49] {magoo} i may be high, maybe .03
[07:50] {Threei} torn between desire to take rather quick profits on summer friday
[07:50] {magoo} sure
[07:50] {Threei} and general read saying it's still climbing slowly
[07:50] {magoo} tell the story again
[07:50] {Threei} so potential for bigger move may be there
[07:50] {DaveG} gather round the fire, story time
[07:51] {Threei} Once upon a time, there was a stock...
[07:51] {magoo} continue...............
[07:51] {Threei} LNET stop to ,51
[07:51] {lklarson} out ms +.21
[07:52] {Threei} when it made 52 weeks high, many noble knights came rushing in
[07:53] {magoo} yes...yes
[07:53] {DaveG} the marshmellows are done
[07:54] {Threei} but there was a spiteful shorter
[07:54] {magoo} spitefull?????
[07:55] {Threei} very spiteful
[07:55] {magoo} oooooooooooooooooooooohhhhhhhhhhhhhhhhhhhhhhh
[07:55] {Threei} who swore to take their profits and hide under his rug
[07:55] {Threei} so he did, ye
[07:56] {craigaudio} cree
[07:58] {magoo} ty
[08:07] {magoo} took .99 vad thanx
[08:07] {Threei} sure
[08:08] {Threei} come on LNET, lose that /30
[08:09] {dino} cs l .25, stop .98
[08:11] {magoo} TSR trying
[08:11] {magoo} TASR
[08:12] {magoo} chewss up .50, should test high
[08:12] {magoo} eating .50
[08:16] {lklarson} stopped cs
[08:19] {esemde} SPWR...monitoring
[08:20] {craigaudio} GLBL good relative strength against market
[08:21] {Threei} yup
[08:21] {Threei} half out here
[08:23] {dptl} good morning all
[08:23] {Threei} hi dp
[08:23] {esemde} damn....look away for 1 second.....SPWR I hate that!!!
[08:24] {craigaudio} most sectors red
[08:24] {craigaudio} not much expected today after yesterdays push
[08:25] {esemde} Look at that thing go....
[08:26] {esemde} OK am now going to fall on my sword....
[08:28] {Threei} I am out GLBL here
[08:28] {Threei} +.25
[08:29] {magoo} nice
[08:29] {lklarson} out glbl thx boss
[08:29] {Threei} welcome
[08:31] {craigaudio} LNET vad? still think it can go down?
[08:31] {Threei} I don't think
[08:31] {Threei} not after the trade is initiated anyway
[08:31] {Threei} it works or it doesn't
[08:32] {craigaudio} so you never cancel a trade once initiated?
[08:32] {Threei} there should eb a reason for that
[08:32] {Threei} end of day, trade doesn't do anythibng
[08:32] {dino} this is one screwed up market today
[08:32] {Threei} no intention to carry it overnight so I scratch it
[08:33] {Threei} there is nothing on LNET but noise so far
[08:33] {Threei} it's not above resistance level where the stop is
[08:33] {craigaudio} k
[08:33] {Threei} it's not under support level so profit taking is in order
[08:34] {Threei} so I don't do anything until stock tells me to
[08:37] {Threei} GLBL pullback opportunity
[08:38] {magoo} here??
[08:38] {Threei} nah
[08:38] {Threei} had to grab it quickly near 26 for a scalp
[08:39] {magoo} thats why i asked...ty
[08:39] {magoo} unless it takes off he he
[08:41] {Roman} long SOLF
[08:41] {Roman} 9.11
[08:44] {Roman} long JASO
[08:44] {Roman} 29.32
[08:44] {Roman} 1/2 size each
[08:46] {Roman} out 1/2 JASO +.22
[08:46] {Roman} ASTI on radra
[08:46] {dino} gj
[08:49] {dino} cs stopped .05 -.20
[08:52] {Threei} OK LNET... time to die
[08:52] {Threei} hmmm.. wierdo
[08:53] {Threei} lost .30 and teleportated by 10 cents higher
[08:53] {lklarson} lol
[08:54] {DaveG} teleported
[08:55] {Threei} that's if you can speak English
[08:56] {DaveG} :)
[08:58] {dino} rnow
[08:58] {Threei} stock is wierd guys, feel free to take profit as you see fit
[09:00] {craigaudio} if we can find sellers
[09:00] {Threei} there were .29 - .31
[09:01] {craigaudio} i mean now
[09:02] {Threei} let me elaborate... there were at .29 - .31 when I posted
[09:03] {craigaudio} yes there sure was. but i was a few seconds late and wham the opportunity was gone
[09:03] {craigaudio} difference between winning and losing
[09:09] {Threei} third chance
[09:10] {craigaudio} taking profits
[09:10] {craigaudio} out
[09:17] {magoo} i knew LNET would screw u after craig, sorry
[09:17] {Threei} NOW it really dies, lol
[09:18] {magoo} i stayed because of it
[09:18] {Threei} hmm... how profitable trade does qualify as what you said? :)
[09:18] {craigaudio} lol thanks for the post headsup
[09:20] {magoo} no vad, i mean after he complains and then gets iout...knew it would work (mkt always dicks u)
[09:20] {magoo} as in regrett to exit
[09:21] {craigaudio} yes.
[09:21] {magoo} tell him craig...i bet this drop is pissin u off lol
[09:21] {Threei} that's foreign concept to me
[09:22] {craigaudio} not really. trading such a negative game starting to get used to it in that respect
[09:23] {craigaudio} i get more annoyed at me making impulse trades before making appropriate analysis.
[09:26] {Threei} so let's define the constructive steps craig
[09:27] {Threei} you identified the "trouble" area
[09:27] {magoo} we go he he
[09:27] * Threei slaps magoo around a bit with a large trout
[09:27] {Threei} it shows where the focus should be
[09:27] {Threei} criteria for entry and refraining from entries that do not match criteria
[09:27] {craigaudio} certainly
[09:28] {dino} aig l .55, stop .25
[09:28] {Threei} before any button pushing, make a pause
[09:28] {Threei} and ask yourself whether it's a trade that falls in line with your trading system
[09:28] {Threei} if the answer is no, gently pull away from that button
[09:29] {Threei} if the answer is yes, gently push it
[09:29] {craigaudio} working on it
[09:29] {magoo} jesus.anyone notice we down 128?
[09:29] {Threei} and if the stock ran away from you while you paused, consider it a sacrficie to your being not ready for that stock
[09:29] {Threei} in a while it will become second nature
[09:30] {Threei} and pause will be gone
[09:30] {DaveG} wow, mkt tank
[09:33] {magoo} whats up big to short??
[09:33] {magoo} 161 gdown
[09:33] {DaveG} goog
[09:44] {dptl} long smsi .51
[09:53] {magoo} wheres it headed dp?
[09:54] {dptl} out half....14.72
[09:55] {dptl} out 2nd half .62
[09:56] {dptl} how do i know were is it headed magoo...:)
[09:57] {dino} lol
[09:57] {dptl} i wish i could
[09:57] {Threei} you don't???
[10:00] {Threei} oh, my fault dp... I forgot to renew your subscription to tomorrow's WSJ
[10:01] {dptl} wsj???
[10:02] {Threei} wall street journal?
[10:02] {DaveG} out de calls +.25
[10:02] {Threei} tomorrow's issue always gives you prices for today so you know exactly where the stock is going
[10:02] {dptl} lol
[10:03] {dptl} see magoo....ask me tomorrow..
[10:03] {dptl} :)
[10:03] {magoo} your pushing your luck little man {soup nazi to george}
[10:03] {Threei} lol
[10:04] * Threei grabs a popcorn and takes first row seat
[10:04] {dptl} :)
[10:04] {Threei} nice spot on that setup btw, dp
[10:04] {DaveG} no soup for you
[10:04] {dptl} ty
[10:04] {Threei} good to see people actually read what I write and use setups
[10:05] {lklarson} vad, would BCON be a candidate for a swing trade?
[10:05] {Threei} it looks this way lkl...
[10:05] {Threei} even though it's a dog with fleas
[10:05] {lklarson} lol
[10:05] {Threei} but chart is interesting
[10:09] {Threei} NVDA is tempring short
[10:09] {Threei} not sure of entry yet
[10:09] {Threei} .30 is closest resistance
[10:10] {Threei} if can't break it and NQ reverses down again
[10:11] {Threei} broke
[10:11] {Threei} aggressive entry with .46 stop IF NQ reverses
[10:12] {Threei} in .35
[10:12] {Threei} 11 cents stop
[10:24] {Threei} everyone stopped breathing or what?
[10:24] {craigaudio} [gasp]
[10:25] {Threei} whew
[10:25] {Threei} you guys started turning blue
[10:27] {Threei} NVDA almost broke its forehead horning .45
[10:28] {magoo} i like it long off .46
[10:28] {Threei} stopped
[10:34] {dino} bam l .65, stop .39
[10:52] {Threei} HOKU worth a try for a scalp if holding .80
[10:53] {Threei} that wasn't nice of NVDA
[10:55] {craigaudio} no manners
[10:55] {Threei} whatsoever
[10:55] {craigaudio} i put less on and had stop above .50 so still just in
[10:56] {Threei} you have 1:1 then
[10:56] {craigaudio} y
[10:56] {Threei} so take it
[10:56] {lklarson} stopped bam
[10:56] {craigaudio} i have
[10:56] {Threei} practice both profiting and ability to ingore regrets
[10:56] {dino} bam stopped -.226
[10:56] {dino} .26
[11:00] {magoo} anyone try hoku the monkey?
[11:00] {lklarson} yes, i did
[11:00] {magoo} wheres it going?
[11:00] {dino} m?
[11:00] {magoo} lol
[11:00] {lklarson} it's a real monkey allright
[11:00] {lklarson} lol
[11:01] {craigaudio} M has market rumours or something
[11:01] {dino} ty
[11:01] {craigaudio} takeover rumours that represntatives cant comment on
[11:02] {craigaudio} they started the rumour and have large lot at 39 of course
[11:04] {Threei} good boy HOKU
[11:04] {magoo} dangling a banana above 9 for hoku
[11:05] {lklarson} lol
[11:06] {lklarson} just snatched that bana, didn't he
[11:06] {dino} hog hl s .51
[11:13] {lklarson} out hog +.42 thx dino
[11:13] {dino} cov hog .00, +.51
[11:13] {lklarson} man really needed that one
[11:13] {dino} spike down nice
[11:13] {dino} yeah, kindda tough day for me.
[11:14] {dino} how about m same thing
[11:15] {craigaudio} if the rumour isnt true then maybe yes
[11:15] {dino} screw the rumors, :)
[11:15] {dino} burn 'em all ike
[11:15] {craigaudio} well the markets pretty weak and its ran up alot
[11:15] {craigaudio} hows that
[11:16] {dino} now you're talking
[11:16] {dino} problem is it just dropped 40 cents
[11:16] {craigaudio} i got in at .46
[11:17] {dino} nice
[11:17] {dino} waiting at .68
[11:19] {dino} somx
[11:19] {craigaudio} call buying in M is very heavy aparently
[11:20] {dino} hog spike
[11:21] {lklarson} wow
[11:21] {lklarson} glad i got out
[11:22] {dino} lets hit it at 63.48 hl
[11:23] {magoo} put the monkey in a missel and lets gggggggggggggggoooooooooooooooooooooooo
[11:23] {lklarson} lol
[11:30] {craigaudio} with regards M: somone has loads of calls they need to get rid of so starts a rumour of takeover to get rid of them. Discuss
[11:30] {craigaudio} ?
[11:30] {dino} no offense craig, but really too deep for my style. realmoney mentiobed it tho
[11:31] {magoo} are u nuts ???
[11:31] {craigaudio} just keeping my brain active
[11:31] {dino} ok
[11:32] {lklarson} out hoku thx vad
[11:32] {Threei} welcome
[11:32] {dino} here comes magoos rally money
[11:33] {magoo} dam monkey threw banana back at me
[11:33] {lklarson} lol
[11:33] {magoo} take it u lil' f@cker
[11:33] {magoo} OUT .965
[11:34] {lklarson} i just kicked him in the butt and took my dolares
[11:35] {magoo} THANX monkey vad
[11:35] {Threei} :)
[11:36] {Threei} craig... dino is right... those things are nothing but speculation, do nothing but distract you from real trading issues and add nothing useful to your decisions
[11:36] {craigaudio} just passing time
[11:36] {craigaudio} speculating on what could be happening
[11:37] {dino} speaking of speculating, i'm speculating as to what flavor beer is in our office fridg
[11:37] {magoo} NONE dino, i was here late
[11:38] {dino} nows that meaningful speculation, imho
[11:38] {magoo} and don't even ask about vodka in freezer
[11:38] {Threei} if I had to specualte on your chance to get any beer with magoo on the premises...
[11:38] {Threei} I would say "slim to none"
[11:39] {dino} he had better not emptied it, i filled it last
[11:39] * Threei re-fills the bag of popcorn and takes the seat in a first row
[11:39] {dino} lol
[11:45] {magoo} when it comes to here is like "fight club" the movie
[11:46] {magoo} local hospital net 3k on us last year
[11:52] {lklarson} well, sounds like jolly good fun, imo
[11:52] {Threei} you don't know half of it lkl
[11:53] {Threei} after third bottle they buy two big trouts...
[11:53] {Threei} and real fun starts
[11:53] {lklarson} speaking from experience, eh
[11:54] {lklarson} lol
[11:56] {lklarson} nice hog, did you short it dino
[11:56] {dino} craig, gj on m
[11:57] {dino} no lkl, wanted .88 but never got back to me
[11:57] {lklarson} ok
[11:59] {lklarson} vad, are you holding BCON if it does not move?
[11:59] {craigaudio} M rolling over
[12:01] {dino} great entry on it
[12:01] {craigaudio} ty
[12:02] {Threei} I guess lkl
[12:02] {lklarson} ok, thx
[12:05] {magoo} quit spankin the monkey and give me a read on it vad lol
[12:06] {craigaudio} guys i know you give me a bashing on my M thoery but the pros do think like this dont they. They look at charts and market sentiment as well combined. Especially since they are playing games with each other as they have the big lots and have competitors from rival firms on the other side of their trades
[12:06] {craigaudio} have to outsmart each other
[12:07] {craigaudio} and the rules get pushed to the limits
[12:07] * magoo slaps craigaudio around a bit with a large trout
[12:07] {craigaudio} lol...i was expecting that
[12:08] {magoo} craig, while u been debating it, i have scalp shorted it 3 times
[12:08] {magoo} focus on movement, make a little dough
[12:08] {craigaudio} im riding it down
[12:08] {magoo} honesltly too, ...3 times in and out
[12:08] {magoo} could care less why
[12:09] {craigaudio} cant seee what setup entry you would have though magoo to do what you just said
[12:09] {Threei} craig, look at it this way
[12:09] {Threei} what you say is mostly true
[12:09] {Threei} and this kind of games happens all the time
[12:10] {Threei} the problem is,
[12:10] {dino} quarters craig
[12:10] {Threei} there is no way to know or figure it out until after the fact'
[12:10] {craigaudio} dollar run out half
[12:10] {dino} k.i.s.
[12:10] {Threei} you can speculate until the cows come home,
[12:10] {dino} wtg
[12:10] {Threei} it won't help you tiniest bit
[12:11] {craigaudio} arent we all speculating here though?
[12:11] {Threei} nope
[12:11] {Threei} we follow the system that is built on recognizable situation
[12:11] {Threei} situations
[12:11] {Threei} and let the market do its thing
[12:12] {lklarson} have a good weekend all
[12:12] {Threei} while each separate trade is not predictable
[12:12] {magoo} u 2 IK
[12:12] {Threei} in statistically valid number of samples odds are in your favor
[12:12] {dino} cya .lkl
[12:12] {Threei} if you built sound system and follow it religiously
[12:12] {Threei} take care lkl
[12:12] {Threei} this is not a guessing game
[12:13] {Threei} this is a game of dicipline
[12:13] {craigaudio} for the trade i had technical indicators saying short. combine it with the possible story and you get a trade worth entering
[12:13] {Threei} and if story says long?
[12:13] {dino} vads got a point, if you keep your stop, no spec. on risk, its known
[12:15] {craigaudio} what im saying is that all ducks were aligned technically and i had a 20 cents stop. The rationale behind the move up only helped cement my action
[12:15] {Threei} in my universe, rationale behind it only clouded your judgement
[12:15] {craigaudio} even if technically there was a setup?
[12:15] {Threei} so if a trade didn't work out, you had a bigger chance to stick with it anyway
[12:16] {Threei} since you had a story behind it and believed you figured it out
[12:16] {dino} vads the machine, no emotion
[12:16] {craigaudio} why would i stick with it? if im stopped im stopped
[12:16] {Threei} and if it did work, it added to your trust in you ability to figure out "behind the scenes" things
[12:16] {Threei} which is false
[12:17] {Threei} well... what can I say
[12:17] {Threei} I trade for over 10 years, and dealt with experiences of hundreds if not thousands traders
[12:18] {Threei} this kind of reasoning that you are trying to put in action never works
[12:18] {Threei} not for me, not for anyone I've ever communicated with
[12:18] {craigaudio} but if the technical short setup was there i should have taken it or not?
[12:18] {Threei} yes
[12:19] {Threei} and that's it
[12:19] {Threei} the rest is fog
[12:19] {Threei} codswallop
[12:19] {craigaudio} there you go. i did take it. the fact that i also thought up the other stuff doesnt matter.
[12:19] {Threei} come to think of it, it's only the beginning stages of a trader's development when this idea is being entertained
[12:20] {Threei} oh, it does
[12:20] {Threei} it clouds your thinking and adds the false element to your system
[12:20] {Threei} it triggers ego
[12:20] {craigaudio} hey im no pro. thats why im here to learn.
[12:20] {Threei} I realize that and that's why I am giving you my perspective
[12:20] {dino} imo you are learning
[12:21] {Threei} think of it in terms of ego investment
[12:21] {craigaudio} i appreciate it
[12:21] {Threei} if you are not engaging your rationale
[12:21] {Threei} ego is not being invested
[12:21] {Threei} you accept outcome in advance
[12:21] {Threei} no matter what outcome it is
[12:21] {Threei} but as soon as you start attempting to figure out behind the scene happenings
[12:21] {DaveG} still trying to figure out what codswallop is
[12:22] * Threei points dave to google
[12:22] {DaveG} oh yeah
[12:22] {Threei} your ego comes into play
[12:22] {dino} lol dave
[12:22] {Threei} because we don't like to be wrong
[12:22] {craigaudio} i know, great word vad. wouldnt expect it from you
[12:22] {craigaudio} i totally understand the point you are making
[12:22] {Threei} sure, such a simpleton as me...
[12:23] {Threei} thats' why I said it increases your chances to blow the stop
[12:23] {craigaudio} lol, perhaps not a native speaker of english. also i wouldnt have expected that word to be used much in the states
[12:23] {Threei} because that's what ego wisopers in your ear
[12:24] {craigaudio} i hear you.
[12:24] {Threei} and, if a trade works in your favor
[12:24] {Threei} even worst thing happens
[12:24] {Threei} because wrong approach is being reinforced
[12:24] {craigaudio} take it from me i would have taken the stop if it would have hit
[12:24] {Threei} instilling false confidence in your ability to decode the hidden intentions
[12:25] {Threei} it works 5 times and you blow your stop on 6th
[12:25] {Threei} and that single case ruins your entire month
[12:25] {Threei} taking out all your profits from those 5 and then some
[12:26] {Threei} if it never happened to you in this or that form, you haven't traded for more than 1 month :)
[12:26] {Threei} now, let's educate Dave a bit
[12:26] {Threei} The word "codswallop", primarily a British English term meaning "nonsense", is of uncertain origin
[12:26] {craigaudio} the trade was technical in origin. if it worked it worked. if not np. i always take stops.
[12:27] {Threei} cool
[12:27] {craigaudio} [phew lesson over...more stressful than back to my book on jesse livermore]
[12:27] {Threei} you asked our opinion on your reasoning... you got it :)
[12:28] {Threei} do I intimidate people that much?
[12:28] {craigaudio} no bossman
[12:28] {Threei} now I know why dptl was getting so nervous each time I was reaching for the lighter in my pocket
[12:29] {dptl} lol
[12:29] {Threei} want funny observation?
[12:30] {Threei} think of why it was stressful
[12:30] {DaveG} you in tutu?
[12:30] {Threei} my sugestion is,
[12:30] {Threei} because there was ego invested in it
[12:30] {Threei} how's that for an illustration? :)
[12:30] * Threei slaps DaveG around a bit with a large trout
[12:30] {DaveG} :)
[12:31] {Threei} you dave, stop fooling around and go read
[12:32] {dino} dadadadaadadada
[12:33] {craigaudio} the point you make on ego is a good one though. if you cant admit mistakes in the market then one is doomed. personally i make too many mistake and am working on it. im also flat for the day so dont feel like im the best trader ever
[12:34] {Threei} nor should you
[12:34] {Threei} or anyone else
[12:34] {Threei} keep it light, take it easy, don't take things too seriously,
[12:34] {Threei} self-irony helps
[12:35] {Threei} why do you think dino's mantra about luck works so well for him?
[12:35] {Threei} keeps ego at bay
[12:35] {craigaudio} yes. a great deal. staying like the "fonzy" is the place i wanna be
[12:35] {craigaudio} i just thought he was irish
[12:35] {dino} hog s .60
[12:36] {Threei} remember that joke magoo ad I often quote
[12:36] {dino} stop .81
[12:36] {Threei} about stock calling on the phone,
[12:36] {Threei} calling us idiots, making evil laughter and hanging up
[12:37] {DaveG} and here i thought that was real
[12:37] {craigaudio} yes (so thats not true)
[12:37] {Threei} you don't succeed in activity that isn't fun
[12:37] {dino} i am irish
[12:37] {Threei} oh it is
[12:37] {craigaudio} lol
[12:37] {Threei} we get those calls every day
[12:37] {DaveG} :)
[12:37] {Threei} NVDA has me on speed dial
[12:37] {dino} dino, wondering what all those calls really were then?
[12:38] {dino} somebody shoot that hog
[12:38] {DaveG} there goes the mkt again
[12:38] {Threei} have you ever seen successful professional, in any field,
[12:38] {Threei} who would hate what he was doing,
[12:38] {Threei} had hard time waiting till end of the day
[12:38] {Threei} was bored by his job
[12:38] {Threei} had no fun
[12:39] {Threei} I bet not
[12:40] {craigaudio} true. you have to love it.
[12:40] {Threei} why mama's cooking is so good
[12:40] {Threei} 'cause maama's cooking with love
[12:40] {Threei} :)
[12:41] {DaveG} codswallop
[12:41] {Threei} and no magoo, this is not a long call on MAMA
[12:41] {dptl} lol
[12:41] {DaveG} new dow lows
[12:41] {magoo} i still trying to figure out how look up cosdwalluyoppo aon goog
[12:42] {dino} the talkative parrot ends up in the cage
[12:42] {magoo} second mouse gets the cheese though
[12:42] {Threei} and sometimes bear eats you
[12:43] {dino} while the quiet birds fly free, c'mon...
[12:43] {dino} how about this: its better to die on your feet thanlive on your knees
[12:44] {magoo} and sometimes .....sometimes i say....dino gets magoo a beer
[12:44] * Threei puts serch for idioms and quotations on google
[12:48] {magoo} [15:44] {magoo} and sometimes .....sometimes i say....dino gets magoo a beer
[12:48] {magoo} [15:44] * Threei puts serch for idioms and
[12:50] {dino} stopped hog. thats it for me today, enough punishment. i go short stops, i go long stops...f' it.
[12:51] {dino} cracking a brew
[12:52] {magoo} ty dino..he delivered
[12:52] {magoo} will be drunk in 3 houirs
[12:53] {dino} 4/5 days this week, over not bad, but today i should've went golfing
[12:54] {craigaudio} right guys gottta dash. everyone have a good weekend
[12:54] {Threei} thank you all
[12:54] {DaveG} u2
[12:54] {Threei} have a great weekend
[12:54] {Threei} see you on Monday
[12:54] {craigaudio} im out next week so good luck with the trading
[12:54] {DaveG} take care
[12:54] {dptl} see ya...
[12:55] {craigaudio} bye
[12:55] {dino} u2 craig
[12:56] {magoo} hve nice week end craig
[12:56] {dptl} take care everyone have a good weekend
[12:56] {magoo} bye dp
[12:57] {dino} cya dp
[12:57] {dino} .25, hl l gs
[12:59] {dino} out gs .85, +.60
[13:00] {dino} ok ,now i'm done. later all