Tuesday, November 13, 2007

November 13, 2007

Session Start: Tue Nov 13 00:00:00 2007

Session Time: Tue Nov 13 00:00:00 2007

[05:06] {Threei} DIVX
[05:06] {Threei} TECHNOLOGY TO BE ADDED TO PLAYSTATION 3- To date, over 100 million DivX Certified products have been shipped into the market, and it is anticipated PS3 will significantly expand that number. {SNE}
[05:24] {bruce} morning rt
[05:25] {Threei} morning bruce
[05:25] {bruce} vadster
[05:26] {bruce} more must have games for kids
[05:26] {bruce} that'll be sure winner
[05:29] {Threei} I guess we know now why DIVX continued climbing last few days
[05:39] {bruce} lol
[05:39] {bruce} setting up my "if I were smarter chart this am vad
[05:42] {Threei} just don't tell me I need to re-read that book please
[05:43] {Threei} I siccessfully forget everything I wrote in 5 min after finishing it... very convinient
[05:43] {bruce} lol
[05:43] {bruce} my first entry
[05:43] {bruce} If I were smarter I'd stop trading"
[05:43] {Threei} I'll have to disagree
[05:44] {bruce} lol
[05:44] {bruce} not making that entry
[05:44] {Threei} If I were smarter I'd stop losing is my version :)
[05:44] {Threei} on serious note, do you see the usefulness of what you read?
[05:44] {bruce} going to set up trade log to for individual trades
[05:44] {bruce} already do the daily results type tracking
[05:45] {bruce} its a good summary of key points vad
[05:45] {Threei} oh, ity's more than summary
[05:46] {bruce} might be if I can figure out which trades work and which don't better I can improve results
[05:46] {Threei} it's the logic behind building your trading approach which allows you to align all the elements of it
[05:46] {bruce} I could really realtae to bo yoder
[05:47] {bruce} death by a thousand cuts
[05:47] {bruce} but hat only happened to him for a month
[05:47] {bruce} so far this month- I have exactly 20 wins
[05:48] {bruce} 20 losses
[05:48] {bruce} \and they are within 50 c of each other on average
[05:48] {Threei} how doesa it relate to last month?
[05:48] {bruce} not exactly winning formula\
[05:48] {Threei} is it improvement or not?
[05:48] {bruce} no change - those are typical vad
[05:49] {bruce} with small variation
[05:49] {bruce} win/ loss close together
[05:49] {Threei} you mean last month had the same ratio?
[05:49] {Threei} then no changes were incorporated, and you continue doing same thing
[05:49] {Threei} which hasn't proved to be successful
[05:50] {Threei} but you have all the recipes for analisys within those results
[05:51] {Threei} can you pipoint the difference between winners and losers?
[05:51] {Threei} what kind of trades were more of a winners and what more of losers?
[05:52] {bruce} win lose is worse than last month
[05:52] {Threei} nail it, and you know what to expand on and what to cut on
[05:52] {bruce} last month 101 wins and 84 losses
[05:52] {bruce} but lost overall\
[05:52] {Threei} bruce... without those analysis you just roll a dice
[05:52] {bruce} took a min to calculate cause I track weekly
[05:53] {Threei} with such win/loss ratio I would sure have had a profitable month
[05:53] {bruce} I do a lot of diferent kinds of trades
[05:54] {Threei} and?
[05:54] {Threei} among those some are prone to work better than others
[05:55] {Threei} you need to start weeding out process
[05:57] {bruce} I don't have data on diferent trades types vad
[05:58] {bruce} will start to collect
[05:58] {bruce} for example
[05:58] {bruce} a dino type reversal will obviousl y be very dif than a vad style break
[05:58] {bruce} going to strat tracking trades by type to see what works\
[05:59] {bruce} cant keep doing what I ma thats for sure
[05:59] {dptl} good morning all
[05:59] {Threei} dp :)
[05:59] {bruce} hey dp
[05:59] {bruce} morn
[06:02] {cosmo} hmmm....output has topped, if i read the solars correctly
[06:03] {dino} gm all
[06:03] {Threei} dino :)
[06:04] {cosmo} ETFC pre mkt range = 3.85 - 4.10
[06:05] {bruce} hi dino- cosmo
[06:05] {bruce} hello ram
[06:05] {cosmo} bruce:)
[06:06] {dino} gm 3i, bruce, cos
[06:07] {cosmo} ESLR pre mkt high = 13 fwiw
[06:08] {cosmo} etfc
[06:09] {Threei} don't forget BIOS
[06:09] {cosmo} ETFC should hold 4 ... i think
[06:11] {Threei} Update: some of recent weakness in solar sector being attributed to rising concerns that Congress may move forward on the energy bill without including renewal of solar tax credit
[06:11] {Threei} - Reportedly, on Friday the Solar Energy Industries Association, a national trade group, stated that House Speaker Pelosi has decided to move forward on the bill without the tax credits.
[06:11] {Threei} - a Think Equity analyst said today that this chatter emerged on Thursday and may explain some of the turnabout in prices of solar stocks.
[06:16] {Threei} UPDATE: BMO ANALYST SAYS E*TRADE BANKRUPTCY IS 'HIGHLY UNLIKELY.'- analyst says the company would have to experience massive withdrawals for it to have major issues. Notes deposits have grown for the last 13 months consecutively.
[06:21] {Threei} be back in 5
[06:26] {Threei} BIOS ready to break
[06:29] {esemde} GM Raven bruce cos dino dp hawk jmb ram
[06:30] {Threei} ese :)
[06:30] {bruce} hi ese
[06:31] {dino} gm ese
[06:31] {Raven} hi ese
[06:32] {Roman} ESLR
[06:33] {Roman} watching for a bounce today
[06:34] {cosmo} ETFC tests 4
[06:34] {Threei} BIOS 9.65 long if stays above 9.50
[06:35] {dino} guess we missed bidu
[06:36] {bruce} in bios .64
[06:36] {bruce} stop to .49
[06:37] {dino} egle l .39 hl
[06:39] {dino} stop is .98
[06:39] {Roman} SOHU long small
[06:42] {Threei} MLNM
[06:42] {Threei} 14 break long
[06:42] {Threei} .84 stop
[06:48] {esemde} good morning patience....my internet was shut down ...hows your connections
[06:49] {bruce} move bios stop to .65?
[06:49] {Threei} .59
[06:51] {patience} not sure ese, just home from the royal jubilee. took the night shift looking after my dad.
[06:53] {Roman} out SOHU flat
[06:53] {bruce} mlnm stop to .90 now?
[06:53] {Threei} .89
[06:54] {esemde} patience dcc
[06:54] {dino} egle stop to b/e
[06:57] {Threei} MLNM stop to .94
[06:58] {dino} egle stop to .74
[06:58] {bruce} done - thanks vad
[06:58] {bruce} working to protect profits
[06:59] {Threei} on a verge of break yet doesn't... want to keep it as safe as possible
[06:59] {Threei} notice how it trades:
[06:59] {Threei} spikes to new high and immediately retreats
[06:59] {dino} lock 'em in bruce
[06:59] {dino} out egle .79, +.40
[06:59] {Threei} so to got out on a spike you need to have order in
[07:00] {Roman} SCON
[07:00] {Roman} counber
[07:00] {Roman} bouncer
[07:00] {Roman} yesterday had $5.70 prints
[07:00] {Threei} great... Roman has strong case of dislexia today
[07:00] {dino} today???
[07:00] {Threei} on top of my typing, that's just what we needed
[07:03] {Threei} TUES
[07:03] {cosmo} correct
[07:03] {Threei} lol
[07:03] {Threei} daily looks nice for a scalp
[07:03] {Threei} half lot .30
[07:04] {Threei} .19 stop
[07:04] {bruce} thnaks dino - workin on it
[07:05] {dino} :)
[07:11] {Roman} long SATC full size
[07:11] {Roman} 1.61
[07:12] {Threei} BIOS stop to .64
[07:16] {Threei} TUES stop to .23
[07:17] {esemde} I missed this but NSIT is making a nice move
[07:18] {Chaeron} gm all
[07:19] {dino} nsit s hl .39, stop .67
[07:19] * Threei kicks BIOS in the rear with heavy duty army boots
[07:20] {Raven} Chaeron ... finally :)
[07:20] {Threei} Chaeron :)
[07:20] {bruce} mlnm stopped
[07:25] {dino} itri
[07:27] {bruce} bios is trading on appointment
[07:28] {bruce} send note dentist with drill is coming vad
[07:28] {Threei} lol
[07:28] {Threei} like pulling a tooth eh?
[07:29] {bruce} if fear of good doesn't work
[07:29] {bruce} fear of dentist will
[07:29] {Threei} {BIOS} when I trade at 10, the joke will be on you
[07:30] {Threei} really?
[07:31] {bruce} that cheap eddie talking?
[07:31] {Threei} XING?
[07:31] {dino} bidz
[07:33] {Threei} and here comes the crown:
[07:34] {Threei} me so confused
[07:34] {bruce} thgats cause al gore doesn't drive his suv any more
[07:34] {dino} nsit bstop to .14
[07:34] {Threei} buyers say they have low inventory and big demand... suppliers say we won't supply more because tyou don't demand it...
[07:35] {cosmo} not since i had to sell the car
[07:35] {dino} stopped .14, +.24
[07:35] {dino} .25
[07:35] {Threei} bruce, you mean he hired a driver?
[07:36] {Threei} BIOS new high, qwhole cent higher than old high
[07:37] {Threei} TUES stop to .29
[07:40] {Threei} BIOS 1:1, believe it or not
[07:40] {Threei} half out for me, scalpers feel free to take profit
[07:42] {bruce} 1/2out bios
[07:43] {Threei} what is it, message to OPEC "we can take what you can dish out"?
[07:43] {bruce} stop moved to .74 on balance
[07:43] {Threei} .69 for me
[07:44] {bruce} k - maybe setting it too tight
[07:44] {Threei} not necessary
[07:44] {Threei} both are valid
[07:44] {bruce} als always had a driver vad
[07:44] {Threei} it's more of personal choice
[07:45] {bruce} k - I like to keep them prety tight
[07:45] {bruce} need to get bigger moves though
[07:46] {bruce} figured that out from your comments this am
[07:46] {Threei} don't rush to conclusions until you run the whole process of troublesahooting
[07:46] {Threei} it's not always that obvious
[07:47] {bruce} k
[07:47] {Threei} build youir next step when you are done with whole book, I have suspicion you start changing things as you go
[07:48] {bruce} me?
[07:48] {bruce} change things as I go?
[07:48] {Threei} 'If I were smarter" method is in psychology part, not in troubleshooting part
[07:48] {bruce} sheesh
[07:48] {bruce} ofcourse I do
[07:49] {bruce} just scanned for stuff to use right away
[07:49] {Threei} - says too early to tell oil price's economic impact
[07:50] {dino} nafc hl s .39, stop .68
[07:53] {bruce} thanks dino
[07:54] {bruce} appreciate stop post with entry
[07:56] {dino} np, i'll try to remember
[07:57] {bruce} I would have set about .57
[07:57] {bruce} and thats probably not enough
[07:58] {dino} rinses w/kill you
[07:59] {bruce} oopp
[07:59] {bruce} sorry about caps
[07:59] {dino} i understand, problem w/my type is they get gappy
[07:59] {bruce} can see that
[07:59] {bruce} smaller shares
[07:59] {dino} yes
[07:59] {bruce} bigger stops
[08:00] {bruce} and big moves so wins justify risk
[08:01] {dino} i'll crack you up. a year ago my standard size was 1,000, since i changed to 500 and widened stop, i do much better
[08:02] {bruce} k
[08:02] {bruce} would imagine you had some pretty nasty drawdowns
[08:02] {dino} indeed, havard education i call it
[08:03] {dino} then i realized if i would stop being stupid, i could make some money
[08:04] {bruce} how did you realize larger stops were oing to work for you?
[08:05] {dino} reviewed my trades, lots more would've worked if i could've held on. so wider and smaller was the key. not to mention, much more relaxing way to trade
[08:06] {Threei} bruce... what dino descrobes is exactly the process of troubleshooting in the book you keep in hands
[08:06] {Threei} let me reiterate the idea of reading it thoroughly before you start apply changes
[08:07] {bruce} thanks dino
[08:07] {bruce} will do vad
[08:08] {dino} anytime, good luck
[08:13] {bruce} adjust nafc stop here dino?
[08:15] {dino} yes to b/e
[08:15] {bruce} k -that was my thought
[08:15] {bruce} we have 1 to 1 here
[08:15] {dino} or if scalping, book it
[08:16] {dino} if it gets to .00, bring stop to 1:1 and just see what happens
[08:17] {dino} to .15 stop now imo
[08:17] {dino} magoo says i'm stingy
[08:19] {dino} cov. ave .13, +.26, on that jump
[08:19] {dino} we'll key an eye on it
[08:19] {dino} brb
[08:21] {dino} rimm hod
[08:24] {Threei} remember my grim predictions for LDK?
[08:25] {Threei} have a look at it
[08:25] {Chaeron} messy
[08:28] {dino} wow
[08:30] {Roman} ESLR high
[08:32] {esemde} have a great rest of the day all.... see ya tomorrow
[08:33] {bruce} bye ses
[08:33] {bruce} ese
[08:33] {dino} cya ese
[08:33] {Threei} take care ese
[08:36] {dino} twgp spike
[08:38] {Threei} RIMM bounce candidate
[08:41] {dino} may have already missed rimm, pretty big move
[08:41] {Threei} under 109 would be nice if we get there
[08:41] {Threei} with its volatility there are plenty of bouncesa to scalp
[08:42] {dino} y
[08:44] {Threei} CLWR takeover rumors
[08:49] {bruce} rimm hit 109 vad
[08:50] {Threei} if grabbed RIMM under 109, take scalp here
[08:51] {bruce} Ididn't get it
[08:51] {bruce} no stop defiend
[08:51] {bruce} what would you have used vad?
[08:51] {bruce} prb need 50 c would think
[08:52] {Threei} it's different kind of play
[08:52] {Threei} following NQ rather than trading on its own merits
[08:53] {Threei} it hit 108.91, paused,
[08:53] {Threei} got back to 109, hesitated a little and broke it
[08:53] {Threei} that's the entry unless NQ drops hard
[08:53] {Threei} stop is NQ continuing down and ROMM making new low
[08:53] {Threei} RIMM
[08:53] {bruce} k
[08:54] {Threei} so in practicae it would look like this:
[08:54] {bruce} so using time and sales to judge momentum
[08:54] {Threei} NQ reverses, RIMM goes with it, fine,
[08:54] {bruce} and exit if it stalls while watching nq
[08:54] {Threei} NQ reverses RIMM makes new low, still holding,
[08:54] {Threei} since it's just its natuarl volatility
[08:54] {bruce} \k
[08:55] {Threei} and it's likely to bounce quickly if NQ shows strength
[08:55] {bruce} what do you call a play like that?
[08:55] {dino} chaos
[08:55] {Threei} playing the follower
[08:55] {dino} :)
[08:55] {Threei} lol
[08:55] {Threei} snake principle
[08:55] {Threei} watch where head goes to see where the tail is going to be
[08:56] {bruce} lol
[08:56] {bruce} think I will mostly avoid those plays for now
[08:56] {bruce} not much success with them
[08:57] {Threei} they can be very rewarding but they require lightening reflexes and good chunk of experience
[08:58] {bruce} they look inviting
[08:58] {bruce} quick movews
[08:58] {Threei} this is rather videogame kind of participation than normal technical trading
[08:58] {Threei} if you are good at Halo/Doom kind, shooting enemies left and right quickly...
[08:59] {bruce} yes - I know some people thaqt trade that way
[08:59] {bruce} big money
[08:59] {bruce} but takes lots of skill
[08:59] {Threei} big money usually doeas
[09:00] {Threei} sigh
[09:03] {dino} jobs drop
[09:03] {dino} rvbd wakes up
[09:04] {bruce} bios back to hod
[09:05] {bruce} still a lay after that drop?
[09:05] {bruce} long play
[09:08] {Threei} not by me
[09:09] {bruce} k- just checking - didn't think so - figured pullback was too deeop to justify a long
[09:16] {bruce} thoughts on ldk?
[09:18] {Threei} damaged goods
[09:19] {bruce} lol k
[09:29] {bruce} taking a break
[09:29] {bruce} going to check out the pickle loaf
[09:30] {dino} lol
[09:30] {dino} chilli today
[09:33] {dino} ssrx blood
[09:41] {dino} ssrx hl l .82, stop .48
[09:44] -} *services* fdfd
[09:53] {dino} brb
[10:18] {Threei} IRAN GIVES IAEA PLANS TO MOLD URANIUM INTO WARHEADS - WIRE CITING ENVOYS- Iran fails to meet other IAEA requests on nuclear work
[10:22] {dino} just great
[10:23] {Chaeron} could be worse dino... I read it as they gave IKEA plans
[10:24] {dino} hmmm
[10:33] {Threei} slow day
[10:34] {dino} yes
[10:34] {dino} but profitable
[10:34] {Threei} yes, but nothing outstanding
[10:35] {Threei} I am spoiled be recent volatility I guess :)
[10:35] {Threei} be = by
[10:35] {dino} same, yesterday was very good
[10:45] {bruce} tiny profit for me today
[10:46] {bruce} think I'll just sit on hands though
[10:46] {bruce} nice change of trend from prior three
[10:52] {dino} crazy lately, reminds me of 1999-2000 w/these swings
[10:59] {Threei} OPEC SEC GENERAL: GROUP IS NOT HAPPY WITH HIGH PRICES, TO DISCUSS PRICES AND PRODUCTION AT DEC MEETING- reiterates belief there is plenty of oil in market
[11:00] {Threei} *OCT MONTHLY BUDGET STATEMENT: -$55.6 V -$59BE- prior reading was -$49.3B
[11:03] {dino} ssrx stop to .01
[11:05] {dino} out ssrx .00, +.18
[11:05] {dino} rinse
[11:18] {Threei} JCOM dino
[11:24] {Threei} NVDA short .56, .61 stop
[11:25] {dino} hmm
[11:26] {dino} egle l .89
[11:27] {dino} tbsi rockin'
[11:31] {dino} egle stop is .69 fwiw
[11:38] {bruce} wynn dino
[11:41] {dino} missed it
[11:42] {bruce} yup
[11:42] {bruce} could see it settinhg up- but I cant read tops
[11:44] {Threei} RIMM
[11:44] {dino} egle stop to .99 don't like it
[11:44] {Threei} long from here on fisrt sign of NQ reversal to upside
[11:45] {Threei} finger on a trigger
[11:46] {Threei} in
[11:46] {dino} asei drop
[11:47] {Threei} stop under .30
[11:48] {Threei} no speedy follow through, don't like it
[11:49] {Threei} out
[11:51] {Threei} nice shakeout
[11:52] {bruce} yes
[11:52] {bruce} tough play
[11:53] {dino} asei l hl .35
[11:53] {dino} stop .98
[11:54] {bruce} k thanks dino
[11:55] {dino} :)
[11:55] {dino} my entry sucked
[11:57] {bruce} i like nvda short here
[11:57] {dino} eclp
[11:58] {dino} nvda always gives me trouble
[11:59] {bruce} in .47 stop .59
[11:59] {bruce} will see if it workws
[12:00] {dino} egle stopped +.10
[12:00] {Threei} SEPT PENDING HOME SALES: +0.2% V -2.0%E
[12:01] {dino} eclp continues down
[12:02] {dino} back in 10
[12:03] {bruce} k
[12:04] {Threei} NQ +71
[12:04] {Threei} mama mia
[12:04] {Threei} as usual, this is the toughest kind of days to find a play
[12:04] {bruce} stopped nvda
[12:11] {dino} same here vad, the gap open and continue up are my toughest
[12:11] {Threei} yeah
[12:11] {Threei} and you know wnhat the most amazing thing is?
[12:11] {dino} chaos is moneymaker day
[12:11] {Threei} I make much more on big down days than I do on big up - yet most of plays are LONG
[12:12] {dino} same, cause i think capits on downs, euphoria on ups
[12:12] {dino} i'm pretty much a contrarian
[12:12] {Threei} remember I said yesterday, 11 trades on RIMM, 9 wins 2 stops?
[12:12] {dino} y
[12:12] {Threei} those 2 stops were both shorts
[12:12] {dino} lol
[12:12] {Threei} 9 wins were all longs
[12:12] {Threei} and that was big down day
[12:13] {dino} i was 3 for 4 on it, all long
[12:14] {Threei} whatever... I long as grew out of attempts to disect everything to every why... I accept things as they are and exploit them best I can even if I have no clue why they are what they are :)
[12:15] {Threei} there are enough academics to write tons of books explaining me why it's impossible to make money trading... I'll leave explanations to them
[12:16] {Threei} so far, no single losing day in Nov
[12:17] {dino} same, 2 down in oct
[12:18] {Threei} lemme look
[12:18] {dino} thats the key, no downs
[12:18] {Threei} you outdid me
[12:18] {Threei} 4 down days in Oct
[12:18] {Threei} but the worst of them is -180
[12:19] {dino} although, i am wrong, was down 85$ on nov 2
[12:19] {Threei} 3 others are less then 100 in minus
[12:19] {Threei} and I remember the -180 one - I started it with -700 thanks to my cat
[12:19] {dino} again, thats the key, took me awhile to realize a down cannot be bigger than an up
[12:19] {Threei} and spent a day digging out of a hole :)
[12:20] {bruce} geesh - so far 3 wins 4 loses this month
[12:21] {Threei} frikin thing stepped on a sound wire connecting main monitor with comouter and disconnected it,
[12:21] {Threei} I sent buy order for something evry volatile
[12:21] {Threei} no sound of order being filled,
[12:21] {Threei} I think I miss it,
[12:21] {Threei} switch to other stocks,
[12:22] {dino} i actually have alot of $200-400 days but not many down days, thats the difference
[12:22] {Threei} when I notice my P/L changes even though it shouldn't when I have no position, I am down 700 bucks lol
[12:22] {bruce} that was tough vad - down by accident
[12:22] {Threei} s**t happens
[12:24] {Threei} XMSR
[12:24] {Threei} I just shrug and start working on it, bruce :)
[12:24] {Threei} it is what it is
[12:26] {dino} exactly
[12:27] {dino} realistically, nothing matters its how you react
[12:27] {dino} asei stop to .65
[12:27] {Threei} yeah... the day it's proven that crying helps profiting from market I will learn to cry
[12:27] {dino} call me that day
[12:28] {Threei} if I may... one book I regard highly on this
[12:29] {Threei} 7 habits of the most effective people
[12:29] {dino} stopped asei +.30
[12:29] {Threei} there are things fully and totally out of our control
[12:29] {dino} 6/6 but all small hits, although just shy of daily
[12:29] {Threei} hurricanes... earthquakes... market moves
[12:30] {Threei} learn to form right mental attitude to deal with those
[12:30] {Threei} There are things that are in our immediate control
[12:30] {Threei} learn to manage them
[12:31] {Threei} and there are things that can be somewhat controlled through intermediary
[12:31] {Threei} by influencing other people
[12:31] {Threei} learn what factors matter and how to manage them
[12:32] {Threei} I hope esteemed Cohen will forgive me for quick and dirty overview
[12:32] {dino} get "millionaire traders", hits close to home on a couple of those traders
[12:32] {Threei} I can't read trading books anymore dino
[12:33] {dino} i understand, screws you up
[12:33] {Threei} mental block I guess, for the last 3 years at least
[12:33] {Threei} probably more
[12:33] {dino} first half of way of the turtles was pretty good too
[12:34] {Threei} Stephen King is fine with me
[12:35] {dino} lol
[12:35] {dino} best part of "trading in the zone" for me was; "anything can happen"
[12:35] {Threei} that one is very good
[12:36] {Threei} Zen in the market is very short and good
[12:37] {dino} rimm hod
[12:41] {Threei} scalped of 112
[12:42] {dino} was thinking of it, but chickened out
[12:45] {Threei} +81 NQ
[12:46] {Threei} a bit unreal
[12:48] {Threei} this second time I chickened out
[12:48] {Threei} so you must have gottent it
[12:49] {dino} no. pretty much done for the day
[12:49] {dino} gj tho
[12:50] {dino} will look at it tomorrow
[12:50] {dino} 10 pts up, may pull back
[12:51] {bruce} calling it a day folks
[12:51] {bruce} take care all
[12:51] {bruce} se you in am
[12:51] {Threei} take care bruce
[12:52] {Threei} thankl you all, have a good evening
[12:52] {Threei} see you tomorrow
[12:53] {dino} me too, thanks all