Session Time: Fri May 30 00:00:00 2008
[08:31] {Threei} APR PCE CORE M/M: 0.1% V 0.1%E; PCE CORE Y/Y: 2.1% V 2.1%E; PCE DEFLATOR Y/Y: 3.2% V 3.1%E
[08:31] {Threei} APR PERSONAL INCOME: 0.2% V 0.1%E; PERSONAL SPENDING: 0.2% V 0.2%E
[08:31] {Threei} what crisis?
[08:42] {hawkfan4} i'm just glad i didn't hold any solar stocks short overnight. FSLR up 20
[08:43] {Threei} this is simply indecent
[08:44] {Threei} I am deeply resentful of your behavior
[08:45] {hawkfan4} no, i'm not in, i just think the move is crazy, but i didn't touch it. just an observation
[08:45] {Threei} ah
[08:46] {Threei} sorry, misread... thought it was "didn't sell"
[08:46] {magoo} morning
[08:46] {Threei} magoo
[08:47] {magoo} how'd u like mad scan vad?
[08:49] {Threei} I don't
[08:50] {Threei} let me rephrase
[08:50] {Threei} it's trying to do practically the same my current tools do but so far it's inferior to them
[08:51] {Threei} so I see no reason to switch at this point in time
[08:51] {magoo} cool
[08:51] {magoo} now, why FSLR gapping 18 points?
[08:51] {magoo} also csiq +2
[08:52] {Threei} Germany cuts to subcides are not that bad as feared
[08:52] {magoo} sigh
[08:52] {magoo} now this is truth
[08:53] {Threei} why does it make you sad?
[08:53] {magoo} all mornin g im thinking "250 has supported fslr" and it may go 20 points today..
[08:53] {magoo} walk in and therfe it it
[08:53] {magoo} problem is now the trades gone
[08:54] {Threei} and if Germany decided it doesn't want to support solar industry with taxpayers money that heavily... it would be 30 points lower by now
[08:58] {magoo} i just get these weird feelings..all morning i was tthinking buy 100 sh and ride it
[08:58] {magoo} didn't want to overnite it
[09:02] {magoo} MRVL nuts vad..news?
[09:03] {Threei} good earnings and guidance, bunch of upgrades
[09:03] {Threei} those that have targets assigned 22
[09:06] {GeoArb} gm
[09:06] {Threei} Geo :)
[09:10] {dino} gm all
[09:10] {Threei} dino :)
[09:14] {fernp} good morning
[09:14] {Threei} fern :)
[09:16] {magoo} jcg down 8..news
[09:19] {Threei} guidance is not good, downgrades
[09:19] {magoo} ty..making u work this a,m
[09:25] {Threei} keeping an eye on SATC
[09:25] {Threei} never gave pullback yesterday
[09:26] {pita} morning everyone
[09:26] {Threei} pita :)
[09:27] {_osbo} HI
[09:27] {dptl} good morning all
[09:27] {Threei} morning osbo
[09:27] {Threei} dp
[09:28] {Threei} oh, and before trading started... magoo, I got e-mail from Bruce and he asked me to do this
[09:28] * Threei slaps magoo around a bit with a large trout
[09:28] {magoo} ROFLOL
[09:28] {Threei} Trout Magoo for me.
[09:28] {Threei}
[09:28] {Threei} Regards
[09:28] {Threei}
[09:28] {Threei} Bruce
[09:28] {magoo} how is bruce?
[09:28] {magoo} tell him i miss him
[09:29] {Threei} will do
[09:30] {magoo} ty
[09:31] {Threei} JASO big jump out of the gate
[09:31] {Threei} really don't want to chase solars that far
[09:32] {Threei} prefer to wait for pullback and clean setup
[09:32] {magoo} cSIQ pulls back out of gate
[09:33] {Threei} SOLF 21.20 - .30 area to watch for support
[09:34] {Roman} FRPT
[09:34] {Roman} long 4.10
[09:35] {dino} tell bruce hello
[09:36] {Roman} SOL
[09:36] {Roman} tup
[09:36] {dino} dji neg.
[09:39] {Threei} SOLF long with stop under 21.10
[09:39] {Threei} wait for strength to appear
[09:41] {dino} oih dropping
[09:45] {Roman} JRJC again
[09:48] {magoo} got .27 SOLF
[09:48] {Threei} if you took SOLF, consider half out at least here
[09:48] {Threei} and probably take whole
[09:48] {Threei} too sharp spike
[09:48] {dptl} out solf +.20 ty
[09:48] {Threei} :)
[09:48] {magoo} out .69 TY
[09:48] {Threei} wtg
[09:49] {Threei} .10 held perfectly
[09:49] {magoo} oops.59
[09:49] {hawkfan4} beauty
[09:49] {pita} +.31 ty
[09:49] {Threei} good job guys
[09:49] {Threei} wasn't very easy t7rade as entry had to be discretionary
[09:49] {_tangrick} TY
[09:49] {Threei} tangrick :)
[09:50] {Threei} I wish I could give exact entry every time but sometimes it's conditional and/or fuzzy
[09:51] {magoo} long rimm .50
[09:51] {magoo} sorry
[09:51] {magoo} late over 140feels like
[09:53] {magoo} aapl going 189 too
[09:54] {_rant} coco
[09:54] {Threei} ENER starts looking like one of those that never stop
[09:55] {dino} cedc sm l .00
[09:55] {magoo} in aapl .50
[09:55] {GeoArb} the ironic part is AMAT had good news today
[09:55] {Threei} MAY FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 59.8 V 59.5E
[09:56] {Threei} grrr
[09:56] {Threei} prepared XIDE alert .73 long, and changed my mind
[09:57] {magoo} engage maverick..{vad} engage
[09:58] {magoo} stopped aapl .99
[09:58] {magoo} mkt killed it
[09:59] {magoo} -.51
[10:00] {Threei} FRED
[10:01] {Threei} long with stop under .35
[10:01] {Threei} .48 - .50 trigger
[10:01] {magoo} don't forget warrants ALFRED lol
[10:02] {magoo} FREDRIK
[10:03] {Threei} CSUN trying
[10:03] {Threei} .15 worth a try, risky
[10:03] {Threei} stop under .95
[10:04] {Threei} invalidated
[10:04] {GeoArb} not much movement this friday
[10:04] {GeoArb} scanners already slowing down
[10:06] {dino} cedc stop to .97, mkt not helping
[10:07] {magoo} u kidding?huge movemt
[10:07] {magoo} throw a dart
[10:07] {GeoArb} where where
[10:07] {Threei} rant, see dcc
[10:07] {GeoArb} chrw
[10:07] {dino} stopped cedc -.06
[10:08] {magoo} problem i see is whippy..scalpers friday
[10:09] {GeoArb} SHLD tanking away
[10:09] {dino} was just looking at that
[10:09] {magoo} need mkt to resolve UP
[10:09] {GeoArb} so is SHLD salmon as per def vad?
[10:10] {dino} jcg getting interesting
[10:10] {magoo} l aapl now .45
[10:11] {Threei} yes geo
[10:11] {magoo} going over 189 RISKY
[10:11] {dino} no shld is death, really bad report
[10:11] {magoo} mneeds mkt
[10:11] {magoo} small and .99 stop
[10:12] {GeoArb} hehehe no salmon......rock dropping against upcurrent
[10:13] {dino} :)"
[10:13] {_rant} CTX always holds 19
[10:14] {_rant} MRX short anyone ?
[10:14] * Threei offers FRED swift kick in the pants - trigger already, will ya
[10:15] {magoo} magoo kickin aapl
[10:15] {Threei} ENER for adrenalin deprived:
[10:15] {Threei} .81 long
[10:15] {magoo} IN
[10:15] {magoo} lol
[10:15] {Threei} stop under .50
[10:15] {Threei} SMALL SHARES
[10:16] {esemde} good morning
[10:16] {Threei} ese :)
[10:16] {magoo} not yet lol
[10:17] {magoo} waiting .93 AAPL
[10:17] {magoo} 2:1 already
[10:18] {Threei} blast from the past... ELNK
[10:19] {magoo} misseed ENER
[10:19] {magoo} no way to hit it
[10:19] {Threei} ENER takes 60, I won't be surprized to see it at 61 or 62
[10:19] {Threei} come on mags
[10:19] {magoo} was gonna jump early .62
[10:19] {Threei} you slep through it
[10:19] {dptl} out ener +.30 ty
[10:19] {Threei} I have .81
[10:19] {magoo} OUT aapl .93 + .43 TY vad
[10:20] {_tangrick} missed too
[10:20] {dptl} i got .85
[10:20] {magoo} i guess AAPL distracted me
[10:20] {Threei} most likely
[10:21] {magoo} where pullbk entry?
[10:21] {GeoArb} so vad.... what are the reasons not to short shld
[10:21] {magoo} uh..like unprofittable he he
[10:21] {GeoArb} why?
[10:21] {GeoArb} didnt do it but am curious why not
[10:22] {magoo} [10:11] {magoo} going over 189 RISKY
[10:22] {Threei} half out ENER .40
[10:22] {magoo} dam i bought that lol
[10:23] {Threei} geo, who said there are any?
[10:23] {magoo} out RIMM here .18 + 68
[10:23] {magoo} TY vad
[10:23] {GeoArb} ok just curious if i am missing something here
[10:23] {Threei} it is short... it's simply a matter of right setup, and best one is gone
[10:23] {dino} sm risky l jcg .95
[10:23] {GeoArb} yeah
[10:23] {magoo} 09:52] {magoo} long rimm .50
[10:24] {Threei} 84.70 was perfect short trigger at the moment
[10:24] {GeoArb} how does one understand/avoid concept of shor squeeze
[10:24] {GeoArb} yeah beautifull dbi
[10:24] {Threei} OI am hesitatnt to chase it so far down from the trigger
[10:24] {GeoArb} yes same here
[10:25] {dino} keep it si8mple geo, don't overthink
[10:25] {GeoArb} will take a few years dino :)
[10:25] {Threei} short squeeze is not a concept to deeply think about, really... it's rather simple :)
[10:26] {dino} it will trust me. they need to invent mind eraser
[10:27] {Threei} what to invent... vodka has been around for centuries {G}
[10:27] {dino} yeah, but the stupid stuff in my head comes back in the morning
[10:27] {GeoArb} i spent the evening buying pappercorns ala chaeron
[10:27] {Threei} you mean a shot of vodka is not the first thing you take upon waking up??
[10:28] {dino} lol, i have to try that
[10:28] {Threei} stop for second half ENER to .95
[10:28] {magoo} no..but i replace milk with beer in my cereal
[10:28] {_tangrick} FRED moved
[10:28] {Threei} FRED triggered
[10:29] {Threei} stop under .35
[10:30] {dino} out jcg .45 +.50
[10:30] {dino} no takers
[10:30] {dino} ?
[10:31] {pita} c & h rimm?
[10:31] {esemde} FCEL looking good here....have been very patient with this.....need to see something
[10:32] {Threei} yes
[10:32] {Threei} needs market help as always, but chart is right pita
[10:32] {_rant} jcg down 20%
[10:32] {_rant} over done?
[10:33] {dino} rant see above
[10:33] {Threei} dino just played it
[10:33] {dino} .90 held last drop
[10:33] {Threei} it's up over a buck from low
[10:34] {_rant} dropping again
[10:34] {dino} y, watching it
[10:35] {Threei} good boy ENER
[10:35] {_rant} wow
[10:35] {Threei} one more jump please
[10:35] {_rant} 11%
[10:35] {dptl} nice ener:)
[10:36] {GeoArb} hey chaeron....dcc
[10:36] {Threei} am I getting too greedy?
[10:36] {judijim} gm all
[10:36] {Threei} jj :)
[10:36] {Chaeron} Good morning everybody
[10:36] {Threei} chaeron
[10:36] {magoo} yes..yes u are..but nice one
[10:37] {Threei} me? nice?
[10:37] {Chaeron} ah... no :) for me today...
[10:37] {Chaeron} lol
[10:37] {Threei} oversensitive today, aren't we
[10:37] {Threei} there:
[10:37] * Chaeron slaps Threei around a bit with a large trout
[10:37] {Threei} chaeron :))))
[10:37] {Threei} is that smiley enough for ya?
[10:37] {GeoArb} smiley or doublee/tripe chin
[10:38] {Chaeron} uh oh.. lol
[10:38] {Threei} out ENER
[10:38] {Threei} 61.11
[10:38] {GeoArb} too busy making money
[10:39] {Threei} 61.11 - 59.81
[10:39] * magoo slaps Threei around a bit with a large trout
[10:39] {Threei} whose math is good enough for that
[10:39] {magoo} not i
[10:39] {GeoArb} ummmmm
[10:39] {GeoArb} calculating
[10:39] {GeoArb} obscene
[10:39] {Chaeron} nice +$1.30 Vad
[10:39] {Threei} sheesh... this is second person calling me nice today
[10:39] {GeoArb} lol
[10:39] {Threei} my world is crambling down
[10:39] {Chaeron} trade was nice... noone said a dang thing abou tyou
[10:40] {GeoArb} so much for slow friday and scalpers friday
[10:40] {Threei} thank you chaeron
[10:40] {Threei} that makes me feel better
[10:40] {Chaeron} the $1.30 wasn't enough huh?
[10:40] {esemde} those of you in ENER...nice one....the trout looks in orderfor that tone
[10:40] * Chaeron slaps esemde around a bit with a large trout
[10:40] {Threei} lol
[10:40] {Chaeron} thanks for remindeing me ese
[10:41] {Threei} you walked right into that ese
[10:41] {esemde} no kidding
[10:41] {Chaeron} now let's find a trade I can screw up for magoo
[10:42] {dino} yes, please
[10:42] {magoo} that does it........................................
[10:42] * magoo slaps Threei around a bit with a large trout
[10:42] {Threei} what did I do?
[10:42] {magoo} just being figure head of this motley crew
[10:43] {GeoArb} i think i am going to be nice to people at work
[10:43] {GeoArb} TY vad
[10:43] {Threei} why would you do that geo?
[10:43] {magoo} dinos never nice here
[10:43] {GeoArb} money makes me kind
[10:43] {Threei} oh
[10:44] {magoo} going for a beer..brb
[10:44] {Threei} let's trail FRED stop to .44
[10:44] {Threei} it's so slow, really don't want to get stuck in it for whole day
[10:44] {Threei} risk is negligible with this stop, can just let it trade
[10:49] {_rant} jcg stuck around 37.20
[10:52] {dino} waiting at 36.80 fwiw
[10:55] {_rant} 37 seems to be holding for now
[10:56] {_rant} coco down 4%..sweet
[10:57] {Threei} FRED stopped
[10:57] {dino} hmmm, didn't expect it, sm l ostk .30
[11:03] {dino} jcg you are right rant about .00 floor
[11:04] {pita} day job calling....
[11:04] {Threei} take care pita
[11:04] {Threei} JOYG small shares long .50
[11:04] {dino} later pita
[11:04] {Threei} if stays above .25 - .30
[11:05] {Chaeron} it does and I'm in
[11:05] {Chaeron} .52
[11:05] {Threei} 1:1 easy
[11:05] {magoo} in
[11:06] {magoo} u out?
[11:06] {dptl} out +.23 ty
[11:06] {dino} gj
[11:06] {Threei} half out for me
[11:06] {dptl} joyg
[11:06] {Threei} stop to under .40
[11:06] {GeoArb} out .21 TY
[11:06] {Threei} welcome guys
[11:06] {Threei} good reflexes
[11:06] {GeoArb} easy button
[11:08] {Threei} stop to under .50
[11:09] {Threei} me may be greedy but me controls risk tightly, especially on Friday
[11:09] {dino} sm l jcg .05
[11:09] {Chaeron} out .77 + 0.25... thanks Threei
[11:10] {Threei} welcome
[11:10] {Chaeron} greedy is good... nice - well worry about that later
[11:11] {Threei} lol
[11:11] {esemde} out FCEL here .05 +.55.....gotta go have a great weekend everyone
[11:11] {magoo} bye es
[11:11] {Chaeron} you too ese... don't lose your balls
[11:11] {Threei} take care ese, have a good one
[11:11] {esemde} see ya mags ch...
[11:11] {esemde} vad
[11:11] {dino} out ostk .60 +.30
[11:11] {Chaeron} out shooot... sorry ese.. I read you were going to play GOLF... nevermind my comment
[11:12] {dino} out jcg .19, +.19
[11:12] {dino} .1`4 i mean
[11:12] {magoo} chaer roflol
[11:12] * Chaeron needs glasses
[11:12] {Threei} nice scalping footwork dino
[11:13] {dino} ty, it's firday
[11:13] {dino} friday
[11:13] {dino} lol
[11:13] {Threei} firday is good too
[11:13] {magoo} fir day?
[11:13] {magoo} OY
[11:13] {Threei} I need to think of concept of furday as well
[11:13] {dptl} lol
[11:14] {Threei} out balance JOYG
[11:14] {Threei} .85
[11:14] {Threei} oversat this last spike a little
[11:14] {Chaeron} nice Threei... thanks again for JOYG
[11:14] {Threei} wanted exit over 85
[11:15] {Threei} not sure it has enough fuel to break again
[11:15] {magoo} waiting .97
[11:15] {magoo} kickin it
[11:20] {magoo} OUT WHOA TY lord vader
[11:20] {magoo} .97
[11:20] {GeoArb} lord vader
[11:20] {GeoArb} hmmm
[11:20] {Chaeron} w00h00! glad for you magoo
[11:20] {Chaeron} now can I short it?
[11:20] {Threei} {JOYG} who me no fuel??
[11:20] {GeoArb} lol
[11:20] {Threei} lord vader?
[11:21] * Threei is breathing heavy through space costume
[11:21] {dino} gj guys
[11:22] {dino} wind
[11:22] {Threei} magoo misbehaves dino?
[11:22] {Chaeron} ug
[11:23] {dino} always 3i
[11:23] {Chaeron} JOYG nonstop
[11:24] {GeoArb} my 21 cents are laughing at me and pointing at their friends
[11:24] {Threei} you just wait Geo... soon stocks will start calling you on the phone, make evil laighter sound and hang up
[11:25] {GeoArb} i thought that was magoo calling you
[11:25] {Threei} nah, he just gives them my phone number
[11:25] {Threei} to be fair... I started it first
[11:25] {dino} wait'll you start dreaming of trades
[11:26] {GeoArb} its funny
[11:26] {magoo} hiccup..second brew awaits
[11:26] {GeoArb} i wake up in the mornining and tell my wife to close the curtains
[11:27] {magoo} well ..it is friday
[11:27] {GeoArb} SOLARS hurt my eyes
[11:27] {dino} thought you were worried about the neighbors
[11:27] {GeoArb} nah i think of the world in terms of sectors
[11:27] {GeoArb} :)
[11:27] {GeoArb} really magoo?
[11:28] {GeoArb} whats the brew of choice?
[11:28] {dino} none for me today little league double-header tonight
[11:28] {GeoArb} k
[11:28] {dino} altho, over the weekend gueness drafts
[11:29] {GeoArb} nice
[11:29] {GeoArb} i am a fan of fat tire draft
[11:29] {magoo} heinie light
[11:29] {dino} cans w/that draft thingy
[11:30] {dino} fat tire?
[11:30] {dino} jcg feels whoosh lower coming
[11:31] {GeoArb} http://www.newbelgium.com/beers_ft.php
[11:31] {GeoArb} colorado based microbrew
[11:31] {Threei} Innis & Gunn favorite here
[11:32] {dino} as homer simpson would say...........ahhhh beer
[11:32] {GeoArb} ill check it out
[11:32] {GeoArb} vad made like 2 bucks toady
[11:32] {GeoArb} ill drink whatever beer he does !!!
[11:32] {GeoArb} heheh today
[11:32] {Threei} lol
[11:34] {GeoArb} psssah not available in CA
[11:36] {dino} wind sm s .50
[11:37] {dino} stop is .72
[11:39] {Chaeron} frpt
[11:40] {Threei} AWARDED $43.7 M FOR SERVICE AND SUPPORT CONTRACTS
[11:41] {_rant} scalped 20 cents of jcg
[11:41] {_rant} for 200$
[11:41] {_rant} :)
[11:41] {_rant} thanks dino
[11:41] {Threei} cool beans
[11:42] {magoo} no need to rant over it lol
[11:42] {_rant} lol..small profit..
[11:42] {_rant} will take it in this crazy mkt
[11:42] {Chaeron} if anyone is bored... http://www.thisislondon.co.uk/news/article-23488455-details/Al-Qaeda's+terrifying+vision+of+a+devastated+America+in+the+wake+of+a+nuclear+attack/article.do
[11:43] {Chaeron} and if they even THINK about it again, here's a picture of what we'd do first - http://farm1.static.flickr.com/78/180862057_f58e3ea6bb.jpg?v=0
[11:43] {dino} gj
[11:44] {Threei} 200 bucks per trade is nothing to sneeze at for daytraders, IMO
[11:44] {dino} 1:1 for me is $100
[11:44] {Chaeron} $200/day is $4000/mo
[11:44] {Threei} if you can do it twice a day consistently, you have fairly comfortable living
[11:45] {Chaeron} unless you're in Canada where the US $ is worth nothing :)
[11:45] {Threei} yeah, rub it on
[11:45] {dino} use your dollar to buy our real estate
[11:45] {Chaeron} that's "in" Threei... "in"
[11:45] {Threei} that too
[11:46] {GeoArb} yup those canadians
[11:46] {GeoArb} ravaging our lands
[11:46] {Threei} lol
[11:46] {magoo} i looked chaer at post...those sob's
[11:47] {GeoArb} unfortunatley we are providing them the money to develop stuff
[11:48] {GeoArb} turn the oil money spigot off !!!
[11:48] {GeoArb} when i travel to asia , its frigheting to see how that money is being used to "educate"
[11:49] {dino} lies i bet
[11:49] {GeoArb} of course
[11:49] {GeoArb} completely
[11:49] {GeoArb} they take the money from here and then use it for propaganda against us
[11:49] {dino} thats how they keep control of their people, keep them full of lies, etc, they do anything you want
[11:50] {GeoArb} lets just make money and feel better :)
[11:50] {dino} ok
[11:51] {Chaeron} naaa... you got me mad geo... I'm going to go drill in ANWR and build a few refineries and nuclear plants :)
[11:51] {_rant} OMG anyone ?
[11:51] {dino} i wish we would
[11:51] {dino} and the coasts
[11:52] {GeoArb} i need to invent working fusion
[11:52] {Threei} not sure rant
[11:52] {Threei} chart looks nice but it's a slow trader and we move into lunch time
[11:53] {_rant} rsi crossover 30
[11:54] {_rant} always safer bet
[11:54] {dino} i will gladly pay you tomorrow for a hamburger today
[11:54] {GeoArb} ??? dino
[11:54] {dino} :)
[11:57] {magoo} popeye
[11:58] {Chaeron} wimpy
[11:59] {GeoArb} off to work... thanks all... have a great weekend (off to hunt vad's beer)
[11:59] {Chaeron} bye Geo... see you Monday
[11:59] {dino} later geo
[12:00] {dino} jcg breaking out
[12:00] {_rant} bummer
[12:01] {_rant} sold early
[12:03] {dino} same here but 2/2 on it
[12:03] {Threei} yeah
[12:03] {_rant} 37.8
[12:04] {Threei} the idea is not to take all the money move can offer
[12:04] {_rant} need to learn good exit points..
[12:04] {_rant} and let profits run
[12:04] {_rant} and cut losses..
[12:04] {_rant} tend to always do the opposite
[12:04] {Threei} "last 1/8 is the most expensive"
[12:04] {Threei} cut losses is right
[12:05] {Threei} with no reservations
[12:05] {Threei} stop is hit, get out,
[12:05] {Threei} no second thoughts, no guessing, no hesitation
[12:05] {Threei} profits run is right but there are buts
[12:06] {Threei} profits tend to evaporate if you oversit the move
[12:06] {_rant} true
[12:06] {_rant} i like trailing stop
[12:06] {Threei} gotta have sound method to manage a trade
[12:06] {Threei} partialling out, trailing stop
[12:06] {_rant} it protects u from a bigger loss
[12:07] {_rant} but the key is to understand the ATR and place the trailing stop correctly
[12:07] {_rant} tight stops might be taken out all the time
[12:07] {Threei} well, stop must be dictated by the chart
[12:07] {_rant} daily chart ?
[12:08] {Threei} whatever chart you base your trade on
[12:08] {dino} of course it is scalpers friday, so we scalp
[12:08] {Threei} if it's intraday trade, it's more likely to be intraday chart, no?
[12:08] {Threei} one of frequent mistakes made
[12:08] {_rant} yes, but you wont know the bottom until it is formed
[12:08] {Threei} is basing one's stop on his monetary needs solely
[12:09] {Threei} you don't need to
[12:09] {magoo} ener breaking out vad
[12:09] {Threei} this is not how trade is structured and managed
[12:09] {Threei} there is a certain setup for each trade
[12:10] {_rant} what u think of JCG vad...
[12:10] {Threei} one of elements of such setup is the action that renders original reson for entry invalid
[12:10] {_rant} worth going into it again
[12:10] {_rant} 37.49 now
[12:10] {Threei} I don't have read on it
[12:11] {Threei} to finish the thought,
[12:11] {_rant} omg climbing slow n steady
[12:11] {Threei} your stop is placed in such manner
[12:11] {Threei} that trade is cut off when that action accurs
[12:12] {_rant} i didnt get u ? trade is cutoff ?
[12:12] {Threei} stopped out
[12:12] {_rant} oh ok
[12:12] {Threei} on this I'll shut up and let you jump from stock to stock hunting for a lunch time stop {G}
[12:12] {_rant} :) i m pacific time zone..!
[12:12] {Threei} me too
[12:12] {_rant} time to go to work :)
[12:13] {Threei} but market isn't
[12:15] {dino} wind bstop to b/e
[12:18] {dino} to .43
[12:24] {_rant} omg jumps..now 42.88
[12:25] {_rant} silly to miss out on it
[12:26] {dino} wind bstop to .38
[12:27] {dino} cov .31 +.19
[12:28] {dino} cme feels like 400 magnet
[12:29] {dino} probably next week
[12:32] {_rant} cant watch jcg anymore
[12:32] {_rant} feeling stupid
[12:32] {_rant} 38.22
[12:36] {dino} pwrd
[12:37] {_rant} trade ?
[12:39] {Roman} LGND
[12:39] {Roman} spike on news
[12:39] {Roman} LGND Ligand Pharma jumps after US Panel member supports new drug approval - Bloomberg (3.00 +0.65)
[12:41] {dino} not in rant missed it thought it would go higher for short
[12:44] {Threei} LLTC
[12:44] {Threei} 37 break for a scalp if stays above .90
[13:02] {Threei} TREASURY'S PAULSON: RISING OIL PRICES ARE A SIGNIFICANT ISSUE, MORE INVESTMENT NEEDED IN MAJOR OIL PRODUCING COUNTRIES TO BOOST OUTPUT- Some parts of the Senate mortgage backstop plan are not helpful
[13:09] {Threei} market loses steam
[13:10] {Threei} GREENSPAN: CREDIT CRUNCH IS NOW BEGINNING TO AFFECT ASIA
[13:10] {Threei} duct tape, please
[13:12] {magoo} any read ENER vad?
[13:14] {Threei} looks up
[13:15] {Threei} can't nail it more exactly
[13:15] {dptl} is there a gold etf?
[13:15] {Threei} yes
[13:16] {Threei} look at that site I gave yesterday
[13:16] {Threei} there are different ones
[13:16] {dptl} ye there are few wich oneto use i don't know
[13:17] {Threei} there is a description for each of them
[13:20] {dptl} nice site by the way ,ty to point into it :)
[13:20] {Threei} LLTC failed
[13:23] {dptl} yeah i sold at .99 just 2c loss didnt like the market there
[13:29] {dino} rvbd
Session Start: Fri May 30 13:53:41 2008
[13:53] *** Now talking in #discussions
[13:53] {_rant} rsi crossover 30
[13:53] {_rant} always safer bet
[13:53] {dino} i will gladly pay you tomorrow for a hamburger today
[13:53] {GeoArb} ??? dino
[13:53] {dino} :)
[13:53] {magoo} popeye
[13:53] {Chaeron} wimpy
[13:53] {GeoArb} off to work... thanks all... have a great weekend (off to hunt vad's beer)
[13:53] {Chaeron} bye Geo... see you Monday
[13:53] {dino} later geo
[13:53] {dino} jcg breaking out
[13:53] {_rant} bummer
[13:53] {_rant} sold early
[13:53] {dino} same here but 2/2 on it
[13:53] {Threei} yeah
[13:53] {_rant} 37.8
[13:53] {Threei} the idea is not to take all the money move can offer
[13:53] {_rant} need to learn good exit points..
[13:53] {_rant} and let profits run
[13:53] {_rant} and cut losses..
[13:53] {_rant} tend to always do the opposite
[13:53] {Threei} ""last 1/8 is the most expensive""
[13:53] {Threei} cut losses is right
[13:53] {Threei} with no reservations
[13:53] {Threei} stop is hit, get out,
[13:53] {Threei} no second thoughts, no guessing, no hesitation
[13:53] {Threei} profits run is right but there are buts
[13:53] {Threei} profits tend to evaporate if you oversit the move
[13:53] {_rant} true
[13:53] {_rant} i like trailing stop
[13:53] {Threei} gotta have sound method to manage a trade
[13:53] {Threei} partialling out, trailing stop
[13:53] {_rant} it protects u from a bigger loss
[13:53] {_rant} but the key is to understand the ATR and place the trailing stop correctly
[13:53] {_rant} tight stops might be taken out all the time
[13:53] {Threei} well, stop must be dictated by the chart
[13:53] {_rant} daily chart ?
[13:53] {Threei} whatever chart you base your trade on
[13:53] {dino} of course it is scalpers friday, so we scalp
[13:53] {Threei} if it's intraday trade, it's more likely to be intraday chart, no?
[13:53] {Threei} one of frequent mistakes made
[13:53] {_rant} yes, but you wont know the bottom until it is formed
[13:53] {Threei} is basing one's stop on his monetary needs solely
[13:53] {Threei} you don't need to
[13:53] {magoo} ener breaking out vad
[13:53] {Threei} this is not how trade is structured and managed
[13:53] {Threei} there is a certain setup for each trade
[13:53] {_rant} what u think of JCG vad...
[13:53] {Threei} one of elements of such setup is the action that renders original reson for entry invalid
[13:53] {_rant} worth going into it again
[13:53] {_rant} 37.49 now
[13:53] {Threei} I don't have read on it
[13:53] {Threei} to finish the thought,
[13:53] {_rant} omg climbing slow n steady
[13:53] {Threei} your stop is placed in such manner
[13:53] {Threei} that trade is cut off when that action accurs
[13:53] {_rant} i didnt get u ? trade is cutoff ?
[13:53] {Threei} stopped out
[13:53] {_rant} oh ok
[13:53] {Threei} on this I'll shut up and let you jump from stock to stock hunting for a lunch time stop {G}
[13:53] {_rant} :) i m pacific time zone..!
[13:53] {Threei} me too
[13:53] {_rant} time to go to work :)
[13:53] {Threei} but market isn't
[13:53] {dino} wind bstop to b/e
[13:53] {dino} to .43
[13:53] {_rant} omg jumps..now 42.88
[13:53] {_rant} silly to miss out on it
[13:53] {dino} wind bstop to .38
[13:53] {dino} cov .31 +.19
[13:53] {dino} cme feels like 400 magnet
[13:53] {dino} probably next week
[13:53] {_rant} cant watch jcg anymore
[13:53] {_rant} feeling stupid
[13:53] {_rant} 38.22
[13:53] {dino} pwrd
[13:53] {_rant} trade ?
[13:53] {Roman} LGND
[13:53] {Roman} spike on news
[13:53] {Roman} LGND Ligand Pharma jumps after US Panel member supports new drug approval - Bloomberg (3.00 +0.65)
[13:53] {dino} not in rant missed it thought it would go higher for short
[13:53] {Threei} LLTC
[13:53] {Threei} 37 break for a scalp if stays above .90
[13:53] {Threei} TREASURY'S PAULSON: RISING OIL PRICES ARE A SIGNIFICANT ISSUE, MORE INVESTMENT NEEDED IN MAJOR OIL PRODUCING COUNTRIES TO BOOST OUTPUT- Some parts of the Senate mortgage backstop plan are not helpful
[13:53] {Threei} market loses steam
[13:53] {Threei} GREENSPAN: CREDIT CRUNCH IS NOW BEGINNING TO AFFECT ASIA
[13:53] {Threei} duct tape, please
[13:53] {magoo} any read ENER vad?
[13:53] {Threei} looks up
[13:53] {Threei} can't nail it more exactly
[13:53] {dptl} is there a gold etf?
[13:53] {Threei} yes
[13:53] {Threei} look at that site I gave yesterday
[13:53] {Threei} there are different ones
[13:53] {dptl} ye there are few wich oneto use i don't know
[13:53] {Threei} there is a description for each of them
[13:53] {dptl} nice site by the way ,ty to point into it :)
[13:53] {Threei} LLTC failed
[13:53] {dptl} yeah i sold at .99 just 2c loss didnt like the market there
[13:53] {dino} rvbd
[13:56] {Threei} STAC new 52 week highs
[13:56] {Threei} SATC
[13:57] {Threei} was so quiet, I stopped watching it
[14:07] {magoo} was disconnwected there
[14:08] {Threei} yup, you and dino lost connection
[14:14] {magoo} any read RIMM or AAPL?
[14:14] {magoo} ENER?
[14:15] {Threei} AAPl short on this bounce
[14:15] {Threei} no read on the rest
[14:16] {Threei} 189.20 next resistance level
[14:16] {Threei} short on first weakenss from here
[14:17] {_rant} jcg fading
[14:17] {Threei} got .02
[14:17] {Threei} 20 cents stop
[14:19] {magoo} how many shares u play?
[14:20] {Threei} why is it important?
[14:20] {magoo} just wondering for risk control reasons
[14:20] {magoo} why so paranoid?
[14:21] {Threei} my risk tolerance and yours are not the same
[14:21] {magoo} sure they are
[14:21] {Threei} no two traders have the same
[14:22] {magoo} look in mirror...what u see?
[14:22] {Threei} paranoid or not, I am not comfortable sharing personal financial information
[14:25] {Threei} SOLF running
[14:28] {Threei} come on AAPL, give up
[14:28] {Threei} lose that 109 and die
[14:28] {magoo} ENER touch 64 today vad?
[14:28] {Threei} most likely... but risk here becomes too much for me
[14:29] {Threei} btw magoo... because of you I fainted for whole 3 minutes
[14:30] {magoo} huh?
[14:30] {Threei} I did what you told
[14:30] {Threei} [14:22] {magoo} look in mirror
[14:30] {magoo} rogflol
[14:34] {Threei} lower high AAPL
[14:34] {Threei} rollover already
[14:40] {dino} geoi
[14:43] {Threei} out
[14:47] {judijim} have a great week end all, be back monday
[14:47] {Threei} take care jj, have a good one
[14:48] {magoo} bye JJ
[14:58] {Threei} 64 almost tagged ENER
[14:59] {magoo} ask me to confess:)
[14:59] {Threei} you see... for that I'd have to pretend I care... and it's tough on Friday
[15:00] {magoo} WOW..u really be nasty to magoo today{more than normal that is}
[15:00] {Threei} but it's friday
[15:09] {fernp} I must go. Thanks for everything vad
[15:09] {fernp} have a nice weekend all
[15:09] {Threei} take care fern, have a great weekend
[15:10] {magoo} bye femp
[15:10] {dino} rvbd s .19
[15:13] {magoo} man ENER looking like 65 today
[15:16] * Threei slaps laserdave1 around a bit with a large trout
[15:17] * Chaeron slaps laserdave1 around a bit with a large trout
[15:17] {dino} rvbd bstop to .15
[15:19] {dino} to .12
[15:19] {dino} out +.07
[15:22] {dino} ostk drop
[15:36] {dino} unless something wierd happens, most likely done, just shy daily
[15:36] {Threei} unusually good Friday for me
[15:37] {magoo} at daily here
[15:37] {Threei} don't know what happened but traditionally scalping day brought a few quite nicely sized trades
[15:37] {dino} new streak started this week, 4 days in row up
[15:37] {Threei} :)
[15:38] {dino} got lucky, need to wait longer in mornings for my style
[15:39] {dino} isis
[15:39] {dino} fast
[15:41] {dptl} have a good weekend everyone :)
[15:41] {Threei} take care dp
[15:41] {magoo} vad dcc
[15:42] {magoo} never mind
[15:43] {dino} u2 dp
[15:43] {magoo} yes..bye dp:)
[15:44] {dino} ouch cme
[15:44] {dino} ok calling it a week. take care all, had fun.
[15:45] {Threei} thank you all
[15:46] {Threei} have a good weekend
[15:46] {Threei} see you all on Mondsay
[15:46] {Threei} or whatever comes after Sunday
[15:47] {Threei} welcome rant
[15:50] {magoo} TY vad, 4 straight up here too
[15:50] {magoo} all over daily
