Thursday, February 7, 2013

Feb 07 2013

About flat day, as morning profits got eroded by sloppy afternoon. In relation to the topic discussed near the close, please read this article: http://blog.realitytrader.com/2011/10/profit-how-do-you-handle-it.html


Session Time: Thu Feb 07 00:00:00 2013

[09:00] {dino} gm
01[09:02] {Threei}  dino :)
[09:05] {nemo} wow, room is actually up again
[09:05] {nemo} Dino IPGP has 20% short interest CSTR 43% short interest
[09:05] {nemo} Cipher will probably like that too
[09:07] {jdetente} gm
01[09:07] {Threei}  jd L(
01[09:08] {Threei}  hmmm... let me try again
01[09:08] {Threei}  :)
01[09:08] {Threei}  there
[09:08] {nemo} Vad is running for office
[09:09] {dino} thx nemo, i don't really follow short interest tho
[09:09] {scottie} good morning
[09:09] {nemo} Well, I'm sure many of you will be relieved to know that I will likely only be here for a short time tomorrow
01[09:10] {Threei}  scottie :)
[09:10] {nemo} ya' know...I could see where playing with a laptop screen could be fun on hallucinogenics
[09:11] {ese} morning
[09:11] {nemo} yeah dino, but I think they have earnings soon, which means you could have a significant move
01[09:12] {Threei}  ese :)
[09:12] {cipher} gm
01[09:13] {Threei}  cipher :)
[09:13] {ese}  c, vad
[09:13] {ese} nemo
[09:13] {cipher} ese
[09:14] {nemo} malas dias
[09:17] {dino} ok
[09:20] {Will49} Good morning
01[09:21] {Threei}  will :)
01[09:21] {Threei}  http://photography.realitytrader.com/2013/02/refuge-place.html
[09:22] {dino} akam dec gap fill and then some
[09:22] {patel} Good Morning
01[09:22] {Threei}  patel :)
[09:22] {Will49} Tks Vad...great pics
[09:23] {patel} I read your chat log yesterday.
01[09:23] {Threei}  ty
[09:23] {Will49} Who's the idol with the white beard?
[09:23] {patel} Make sure you save some stocks for next week.
01[09:23] {Threei}  and couldn't stay away? :)
[09:23] {jdetente} great photos Vad
01[09:23] {Threei}  not sure Will, someone scratched the explaining label
01[09:23] {Threei}  thanks jd :)
[09:23] {scottie} Beautiful pictures Vad. I'd rather be there this morning, it's 31 below here.
[09:24] {Will49} OMG Scottie, where are you?
[09:24] {scottie} Quebec city
[09:24] {dino} woke up to 4 degrees f at 6 am
01[09:24] {Threei}  oh boy...
[09:24] {Will49} cool :)
01[09:25] {Threei}  no kidding, lol
[09:25] {dino} nemo and i are getting serious snow tomorrow
[09:25] {jdetente} that is insane
[09:25] {jdetente} 31 below...yikes
[09:25] {scottie} too cold for snow today
[09:25] {nemo} We're in the bullseye
[09:25] {dino} temp. been that way off and on for 3 weeks jd
[09:25] {dino} glad i switched from oil to gas eat
[09:25] {thomcbell} i want to move to quebec city
[09:26] {dino} eat=heat
[09:26] {scottie} beautiful town though
[09:26] {jdetente} I couldn't live with those temps...
01[09:26] {Threei}  where is global warming when you need it... and may you have at least local one... :)
[09:26] {jdetente} I would need a winter home!
[09:26] {ese} whats the news with AKAM dino......thats a serious smack down for them
01[09:26] {Threei}  I've been there is the summer only
[09:27] {dino} we just set a record in jan for most consecuitive days below 10 f. previous was 40 years ago
[09:27] {scottie} Believe it or not, it's warmer than 30 years ago
[09:27] {dino} akam lowered guid
[09:28] {ese} ouuuu.....i smell money there
[09:30] {cipher} CTRP L .92
[09:32] {cipher} chrw l .61
01[09:32] {Threei} Long Setup:  FB  .95 break
[09:32] {cipher} out chrw .80
01[09:33] {Threei}  If holds  .85
[09:33] {cipher} in fb
01[09:33] {Threei} Long Setup:  BBRY  .50 break
01[09:33] {Threei}  If holds  .40
01[09:34] {Threei}  no go BBRY
01[09:35] {Threei}  FB 1:1
[09:36] {cipher} out CTRP .40 +.48
01[09:36] {Threei}  out FB in full
[09:38] {cipher} CHRW L .10
[09:38] {dptl} gm
01[09:39] {Threei}  dp
01[09:41] {Threei} Long Setup:  LVS  54 break hl
01[09:42] {Threei}  Invalidated
01[09:42] {Threei} Long Setup:  FB  29 break
[09:43] {cipher} rose l .71
[09:43] {dino} aiz hl s .06
01[09:43] {Threei}  If holds  .90
[09:46] {cipher} chrw stopped -.12
[09:48] {cipher} chrw l .86
[09:48] {dino} aiz stop -.14
[09:49] {dino} cx that no fill, bstop is .21
[09:51] {dino} cpa blood
[09:51] {cipher} out chrw .08 +.22
[09:52] {cipher} infi l .53
01[09:52] {Threei}  change to .90 break FB
01[09:52] {Threei}  If holds  .85
[09:52] {dino} cov aiz .82, +.24
[09:53] {cipher} out rose .14+.43
01[09:53] {Threei}  no go
[09:54] {cipher} EXPE DROP
[09:54] {dptl} AGO .40 long
[09:55] {dptl} if holds .30
[09:55] {cipher} expe l .35
[09:55] {dino} cpa sm l .31 gappy
[09:56] {dptl} half out ago
[09:57] {dptl} 1:2 all out
[09:57] {Will49} nice dp
[09:58] {jdetente} gj
[09:58] {scottie} great dp
[09:58] {dptl} ty
[10:03] {nemo} lvs
[10:03] {cipher} out expe .44 +.09
[10:03] {nemo} APC
[10:04] {nemo} MPC near breakout level
[10:04] {cipher} cpa l .81
01[10:05] {Threei}  can't get a feel for the market
01[10:05] {Threei} Short Setup: LVS  .80 break
01[10:05] {Threei}  hl
01[10:05] {Threei}  If holds  .90
01[10:08] {Threei} Short Setup: CAT  .90 break hl
01[10:08] {Threei}  If holds  97
[10:08] {nemo} lvs likely going towards 54 and then drop
[10:10] {dptl} EQR .70 sh?
01[10:11] {Threei}  if stays under .80, yes
01[10:11] {Threei}  CAT 1:1
[10:11] {scottie} +.09 ty
01[10:12] {Threei}  too early for full exit
01[10:12] {Threei}  CAT can do better than this
01[10:12] {Threei}  1:2
[10:12] {scottie} not enough shares to partial out
[10:12] {ese} spyders not liking something
01[10:12] {Threei}  1:3, out
[10:12] {Will49} good one
[10:13] {nemo} shorting lvs here could be a good bet
[10:13] {ese} am still long BBRY from tuesday at .06.......averaged in some more breifly yesterday
[10:14] {ese} forget the good bet thing......its a "calculated strategy"
[10:15] {dptl} hmm...EQR holding well
[10:15] {nemo} What did I say earlier, LVS would head towards 54 and drop, got to .95
[10:16] {cipher} cpa stopped -.21
01[10:16] {Threei}  you said that LVS would go to 54 and drop... man, can't you scroll up and reread what you said if you don't remember, unstead of asking us?
[10:16] {nemo} [10:10] {nemo} lvs likely going towards 54 and then drop
01[10:17] {Threei}  see? why ask us :)
[10:17] {scottie} EXC l .90 if holds .80 ?
[10:17] {dptl} eqr not shortable
[10:18] {nemo} I didn't commenting on Ese's comment
01[10:18] {Threei}  not sure scottie
[10:18] {scottie} ok
01[10:18] {Threei}  chart is right, buit market doesn't cooperate with longs so far
[10:23] {ese} ya whats up with that.........i haven't seen anything
[10:23] {ese} Hungarian gdp is up for crying out loud
01[10:23] {Threei}  no reason really, just working off some overbought conditions, IMO
[10:24] {ese} ya..........figured as much
[10:24] {ese} i'm still working off christmas eating myself
01[10:25] {Threei}  that's nothing, nemo just decided to stop trying to work off 1987 binge drinking
01[10:25] {Threei}  friking LVS... got away
01[10:25] {Threei}  {--- should have listened to nemo
[10:26] {dino} hlss drop sm l .35
[10:26] {nemo} So, Ese, if you played LVS instead of bitchin' at me, you'd be in good shape
[10:27] {nemo} Nah, went out and bought blizzard supplies last night Vad
[10:27] {Will49} ooooo, so sensitive this morning
[10:27] {dino} out cpa .46, ave +.44
[10:28] {ese} ya......can't deny that fact nemo.........but i wasn't bitching at you........was just correcting a slight interpretation issue
01[10:28] {Threei}  lol
[10:28] {nemo} how you interpret is not my problem
[10:29] {ese} lol
[10:29] {ese} thats true as well.......
[10:29] {dino} out hlss .76, +.41
01[10:29] {Threei}  wow CAT... did we close it early
[10:30] {ese} he is sensitive indeed will................the man keeps rabits for crying out loud
[10:30] {Will49} don't cry over spilt milk :)
[10:30] {nemo} guys, my algo has 80 week stocks and 17 strong, with 65 of the week with persistent bid hitting
[10:30] {nemo} that's week
[10:30] {nemo} weak
[10:31] {nemo} only 5 of the strong are showing offer taking
[10:32] {ese} interesting nemo...........what allgorrythm is that nemo
[10:32] {nemo} If I tell you, I'll have to kill you, and you know how much I'd enjoy that...nothin' personal of course
[10:33] {ese} lol
[10:33] {dino} roflol
[10:33] {nemo} it tracks persistence
[10:33] {ese} this is a new one on me
[10:33] {nemo} what's a new one on you?
[10:34] {ese} this tracking of persistance..........am assuming buying here
[10:34] {nemo} buying and/or selling
[10:34] {dino} new lod
[10:34] {ese} is this something you figured out.......or is it proprietory to some trading platform
[10:35] {nemo} Friend of mine programmed it, but I'm kinda' involved in developmental aspects
[10:35] {ese} cool ...good on ya
[10:36] {dino} tur drop?
[10:36] {ese} i'm still in "sheep" faze............just following
[10:36] {scottie} C db ?
[10:36] {nemo} sheep?
[10:37] {ese} they just follow..............like i follow vad blindly
01[10:37] {Threei}  looks breakdownish
01[10:37] {Threei}  .60
[10:37] {Will49} following sheep is suspect
01[10:37] {Threei}  if stays under .70
[10:37] {ese} lol
01[10:37] {Threei}  lol
[10:39] {nemo} how's that .45 drop in LVS musician?!
[10:39] {nemo} ooohhhh...50!
[10:39] {dino} bg crushed
[10:39] {ese} when vad says do.......i just do..........think about cranage later
[10:39] {ese} carnage
[10:40] {Will49} there it is again...carnage knowledge
[10:40] {ese} yup
[10:40] {Will49} you bad ese
[10:41] {nemo} he's a frickin' drummer...he just bangs it all day (paraphrasing Todd of course)
[10:41] {Will49} charged with carnage knowledge of sheep
[10:41] {ese} maybe stupid as well.........have just watched $1700 fritter down to $962 here with bbry
01[10:44] {Threei} Long Setup:  CAT  .10 break
01[10:44] {Threei}  If holds  96
[10:44] {ese} i'm in!!!!!!!!
01[10:44] {Threei}  lol
01[10:45] {Threei}  Invalidated
[10:45] {ese} just kidding.............see what i mean about that following blindly stuff
[10:45] {nemo} how's that .70 in LVS
[10:45] {ese} pheeeewwwww!
[10:45] {Will49} ok ok nemo...you were right!
[10:45] {dino} you guys are chatty this morning
[10:45] {nemo} I know, but I have to let my ego explode and bust Ese
[10:46] {ese} rotflol
01[10:46] {Threei} Long Setup:  CAT  96 break
01[10:46] {Threei}  hl
[10:46] {nemo} btw...this is critical for SPY here
01[10:46] {Threei}  If holds  .90
[10:46] {ese} NOW!!!!!........thats why I hang around the board
[10:46] {nemo} So, if I get real quiet for a month or two you'll leave?
[10:47] {ese} not for the money.........for the mental abuse...............
[10:47] {ese} and to follow vad blindly of course
[10:47] {nemo} oh  Ese de Sade
01[10:47] {Threei}  and for shishkebab privilege
[10:48] {ese} am liken the way bbry is not participating with the market here..........bodes well for the upside..........and my retirement
[10:48] {ese} definitely shiskebab privilege
[10:48] {Will49} I'll second that
01[10:49] {Threei}  CAT's valid
01[10:49] {Threei}  and not a scalp
01[10:49] {Threei}  1:4 target
[10:49] {ese} 07 Feb 04:01[BBRY] Wells Fargo Raised BBRY to Outperform from Market Perform, price target: $19-20 - Source TradeTheNews.com
[10:50] {ese} 6 February, 2013 10:56:53 AM PSTBlackBerry CEO: so far sales of new BB10 models in Canada have exceeded prior launch performances by 50%, and UK sales are doing much better than prior product launches - "In Canada, yesterday was the best day ever for the first day of a launch of a new BlackBerry smartphone. In fact, it was more than 50% better than any other
[10:50] {thomcbell} lvs what a call
[10:50] {ese} launch day in our history in Canada," "In the UK, we have seen close to three times our best performance ever for the first week of sales for a BlackBerry smartphone." - Source TradeTheNews.com
[10:50] {thomcbell} almost scalp long time once setup shows its head
01[10:51] {Threei}  Invalidated
01[10:51] {Threei}  ese, don't read too much in it
01[10:51] {Threei}  look at it this way:
01[10:51] {Threei}  they haven't updated their lineup in a long while, a lot of existing users who haven't abandoned the ship yet were waiting for this release for a really long time
01[10:52] {Threei}  so, they jumped on it and created this "best launch day" ever
[10:52] {dino} maa hl l .00
[10:52] {ese} Am channelling the movie "Jerry Maguire" here.........."show me the money!"...........read "I smell short term money"
01[10:52] {Threei}  real question is, will Rim expand the base of users or it merely fights to retain existing
[10:54] {ese} ya......they've got an uphill battle for sure.........but even though it's gone through all the crap that it went through.......it really didn't tarnish it's image say like............hmmmmmm...Nortel.....that company is trashed
[10:55] {cipher} wfm l .64
01[10:55] {Threei}  CAT is valid again
[10:55] {ese} imo......image was strong enough to withstand some of the last year
[10:55] {ese} they have to prove it though
[10:57] {scottie} out C .71 -.09
[10:57] {dino} e drop
[10:59] {ese} and anyway............i'm gonna walk away with a minimum of 500 today regardless.......would like more but we'll see....am up 1200 so far
[11:00] {nemo} ahhh...ese, why don't you just stay up 1200 and declare victory
[11:00] {dptl} COH .70 sh?
01[11:00] {Threei}  yes
[11:01] {ese} nah...can't do it..........have a plan and have to stick to it come hell or high water.......
[11:02] {nemo} Oh Oh, I can feel Tombstone coming...
[11:02] {ese} if theres one thing i've learned here...........2............risk management........trade the plan......it's made me a crap load of money
[11:02] {nemo} "Tell I'm comin' and Hell's comin' with me!"
[11:02] {ese} lol
[11:02] {ese} love that
[11:02] {nemo} Dino?
[11:03] {dino} tombstone
[11:03] {ese} forget following vad................i'm now following you nemo
[11:03] {jdetente} tombstone quotes...love that movie
[11:03] {nemo} It used to get regular attention around here..especially when Magoo was here
[11:04] {nemo} He was the victim of my first insult here
[11:04] {nemo} Was the first day of my trial in 2008..he didn't even feel me slip the knife in his ribs
[11:04] {ese} speaking of which........................where is that man?          dino?
[11:04] {dptl} not shortable ..what the
[11:04] {ese} lol
[11:05] {nemo} I remember it as if it were yesterday.
[11:05] {nemo} Mags and Dino were trying to recall how long they had been in the room.
[11:05] {nemo} Magoo asked Vad, "How long have I been here, Vad?"
[11:06] {nemo} I then replied to Vad: "Vad, just remember when you started to get that rash."
01[11:06] {Threei}  lol
[11:06] {jdetente} lol
[11:06] {dino} lol
[11:06] {ese} lol
[11:06] {nemo} Took Magoo a few minutes then he said, "HEY! wait!   SLAP!
[11:06] {dino} ma stop -.24
[11:07] {nemo} Those were the days of waking up to the market being limit down..oy frickin' vay
[11:07] {scottie} MO l .40 ?
[11:08] {dino} yeah overnight holds could put you out of business
[11:08] {ese} ya but when it started coming back.........crap there was money to be made
[11:08] {nemo} Yeah, KY on the desktop was mandatory
01[11:09] {Threei}  worth a try, MO
01[11:09] {Threei}  daily is very strong
[11:09] {ese} DRYS and HIG for me
[11:10] {scottie} in .42
[11:10] {scottie} stop .34
[11:10] {ese} idiotic greeks have run drys into the ground though diluting shareholder value
[11:11] {jdetente} CAT holding .80 for a while now...
[11:12] {ese} hmmmmmmm.....now that i'm thinking of it........that was a precursor to what was coming.......bizzare mentality they have
[11:12] {nemo} oh yeah, ese's 40k share lots
[11:13] {jdetente} and now lost it
[11:13] {dptl} TWX .40 sh?
[11:14] {ese} ya.......no more though........i was going by the addage........"when theres blood in the streets....buy"
[11:14] {ese} sure as heck paid off
01[11:15] {Threei}  yes
[11:16] {dptl} also...AGO .80 sh?
01[11:16] {Threei}  also yes
[11:16] {ese} I remember the first time it happened and i was up a crap load..........I didn't know what to to do.......I ccd'd vad early and with that question "what should i do?....I had 30k of something and it was up a buck and a half.........stunned me
[11:17] {ese} and he talkes me through it like I was flying an jet liner with no liscense to fly
[11:18] {ese} ok...."do this....then do this...then do this".......think about now....was funny
[11:19] {dino} you were an animal back then
[11:20] {ese} am liking my calmer approach these days
[11:20] {dino} csgs hl l .00
[11:20] {scottie} out MO -.08
[11:24] {dptl} SFLY .90 long?
01[11:25] {Threei}  hmm?
[11:25] {dptl} not
[11:27] {dptl} TWX two sided you think?
01[11:29] {Threei}  yes... but I don't
[11:30] {thomcbell} long setup FB 28.50 break if holding 28.40
[11:31] {thomcbell} 1:2 target
[11:33] {thomcbell} nice little stalemate on FB
01[11:34] {Threei} Short Setup: CAT  .60 break
01[11:34] {Threei}  If holds  .70
01[11:36] {Threei}  stop .66
01[11:38] {Threei}  1:1
01[11:38] {Threei}  1:2, out
01[11:39] {Threei}  too soon again
[11:39] {scottie} SU s .10 ?
01[11:39] {Threei}  we should have done just one trade today - short CAT early, hold it till about now
01[11:40] {Threei}  hard to tell, SPY at support
01[11:40] {Threei}  short should work if loses it and not if bounces
[11:40] {scottie} in .09...
01[11:41] {Threei}  let's see if SDPY loses 150
01[11:41] {Threei}  should push SU down
01[11:44] {Threei}  there you go
[11:44] {thomcbell} FB no go
[11:44] {dino} aiz hl l .70
[11:46] {dptl} fb didt break .40 yet
[11:46] {dptl} still in
[11:46] {jdetente} yeah it held right at .40
[11:47] {cipher} crzo l.10
[11:49] {cipher} out wfm .00 +.36
[11:49] {cipher} chrw l .14
[11:52] {cipher} ibb l.29
[11:59] {cipher} out chrw .28 +.14
[12:07] {cipher} out crzo .22 +.12
[12:08] {dptl} half out FB
01[12:09] {Threei}  finally
01[12:09] {Threei}  took its sweet time
[12:09] {jdetente} FB...patience :)
[12:10] {cipher} out ibb .49 +.20
[12:10] {dino} schw spike
[12:12] {cipher} scss l .80
[12:14] {cipher} ibb reload .54
[12:14] {dino} partial cpa l .00
[12:15] {dptl} TWX 1:1 out
01[12:15] {Threei}  normally market starts slowly recovering in this situation
[12:15] {dptl} when i am out ? lol
01[12:16] {Threei}  both FB and TWX worked on a long side
01[12:16] {Threei}  well, break of .60 is looking good for more
01[12:16] {Threei}  but things are slow
01[12:16] {Threei} Long Setup:  LVS  .45 break
01[12:17] {Threei}  aggressive for .50
01[12:17] {Threei}  with tight stop, under .40
[12:18] {cipher} out scss .93 +.13
01[12:18] {Threei}  TWX works its way to 1:2
01[12:18] {Threei}  LVS, target 1:3
01[12:22] {Threei}  come on LVS, take .50
01[12:22] {Threei}  and run like forrest
01[12:24] {Threei}  1:1
[12:27] {cipher} cpa l .26
[12:29] {cipher} out .46 +.20
[12:30] {dptl} out fb
[12:31] {dino} out cpa .61, +.61
[12:32] {cipher} out ibb .58 +.04
[12:33] {cipher} wtg dino
[12:33] {dino} ty u2
[12:34] {cipher} ibb l.62
[12:35] {scottie} out SU flat
01[12:35] {Threei}  so far, market read is right
01[12:36] {Threei}  fly LVS, fly like a bird
01[12:36] {Threei}  dp, don't even look at TWX
[12:36] {cipher} out ibb .76 +.14
[12:36] {ese} have a great day all.....doctor appointment...cya tomorrow
01[12:37] {Threei}  take care ese
[12:37] {dptl} nooo...and missed lvs stepped out :(..can i take .60 break may be?
01[12:37] {Threei}  15 cents above trigger?
01[12:38] {Threei}  told you, quit smoking
[12:38] {dptl} :) how did you know?
[12:38] {dptl} gonna look for those hidden cameras lol
[12:39] {scottie} dp, we can all see you through your webcam
[12:39] {jdetente} haha
[12:39] {dptl} oh man...
[12:40] {scottie} keep your hands where we can see them will ya
[12:41] {dptl} lol
[12:42] {jdetente} let's kick LVS and FB back into gear here
01[12:43] {Threei}  TWX... sheeesh
[12:43] {dptl} VMED .75 long?
[12:43] {cipher} cpa s .96
[12:44] {dptl} in half lot
01[12:44] {Threei}  then yes
[12:44] {dptl} stop .67
[12:46] {dino} hain spikey
01[12:47] {Threei}  rofl... Definition of an epic fail: the moment when you pull up the blanket, your fingers slip and you hit yorself in the face
[12:47] {jdetente} haha
[12:48] {Will49} :0
[12:48] {Will49} did you make that one up yourself vad?
[12:50] {cipher} cov cpa .92 +.04
01[12:50] {Threei}  no
[12:51] {cipher} s cpa .91
[12:56] {cipher} cov .92 -.01
[12:58] {cipher} CPA L .82
[12:58] {cipher} out .94
[13:02] {cipher} cpa l.27
[13:03] {cipher} chtr news?
01[13:05] {Threei}  CVC nears deal to sell a unit to them
[13:05] {dino} none so far
01[13:05] {Threei}  Cablevision Systems Corp Said to be near deal to sell Optimum West unit to Charter - financial press**NOTE: CVC bought Optimum West (Bresnan Broadband) in 2010 for $1.37B
[13:07] {dino} sm l .24
[13:08] {thomcbell} dvn trades very nicely -
[13:09] {cipher} chtr l .07
[13:09] {thomcbell} 59 break if holding 58.90
[13:10] {thomcbell} strength based on comments made at a conference
[13:10] {cipher} out chtr .88 +.81
[13:11] {dptl} half out vmed
[13:13] {dino} out chtr .24, +1.00
[13:13] {dino} gj cipher
[13:14] {cipher} u2
[13:15] {Will49} you guys in a league of your own
[13:16] {cipher} ROSE L .31
[13:16] {nemo} http://www.boston.com/metrodesk/2013/02/07/get-ready-forecast-calls-for-blizzard-conditions-bay-state/rJjXSN3GGTnt9ad98JCJaN/story.html
[13:16] {nemo} I'm a little south of Boston
[13:17] {thomcbell} dvn im looking for 1:3
[13:20] {dptl} UNH 57 long?
[13:20] {thomcbell} dvn 1:1
01[13:21] {Threei}  yes but looks slow
01[13:21] {Threei}  frikin LVS
[13:21] {thomcbell} dvn 1:2
[13:21] {Will49} god call TB
[13:21] {Will49} good
[13:22] {dptl} lol Will...god call
[13:22] {dptl} out Vmed .97
[13:22] {Will49} fruedian slip
[13:25] {thomcbell} dvn 1:3
[13:27] {jdetente} good job!
[13:27] {Will49} god job
01[13:28] {Threei}  reiterating: frkin LVS
[13:29] {jdetente} not looking, not looking
[13:29] {jdetente} did I mention I'm not going to look ?? lol
[13:30] {thomcbell} dvn took the trade
[13:30] {cipher} out rose .43 +.12
[13:31] {Will49} sorry i missed you joke jd...i wasn't looking
[13:31] {dptl} half out UNH
[13:32] {dptl} will i get 1:2?
01[13:33] {Threei}  very likely
[13:34] {thomcbell} dvn has been a sleeping giant for two years
01[13:34] {Threei}  and picked today to wake up?
[13:36] {dptl} 1c
[13:36] {dptl} stop under .10
[13:38] {dptl} out
[13:38] {Will49} tks dp
[13:39] {dptl} yw
[13:39] {thomcbell} dvn come on
[13:40] {dptl} EL .80 long?
01[13:40] {Threei}  wow FVN
01[13:40] {Threei}  D
01[13:40] {Threei}  EL, hl
01[13:40] {Threei}  jumpy
[13:43] {dino} cpa lod
01[13:44] {Threei}  1:1
01[13:45] {Threei}  the timing of our switch to longs was impeccable
[13:47] {dino} ll spike
[13:53] {dino} \grrr missed short ll by 1 cent
[13:54] {dino} csgs hours, stop to .09 thing doesn't move
[13:55] {dino} hpy happy
[13:59] {dino} srpt spike
[13:59] {thomcbell} dvn dont look
[13:59] {thomcbell} 1:13
01[14:01] {Threei}  inkredible
[14:02] {dino} out csgs +.09
[14:22] {dptl} SE .60 long?
01[14:23] {Threei}  nah
[14:24] {dptl} what about AGO .25 l?
01[14:24] {Threei}  same thing
[14:24] {dptl} k
[14:32] {dptl} MPC?
[14:33] {dptl} .55 long may be?
[14:33] {dptl} .45 short?
01[14:33] {Threei}  man... what's different between MPC and two before that?
01[14:33] {Threei}  short, maybe
01[14:34] {Threei}  you need a post-ot on your monitor: no breakouts during lunch time
[14:35] {dptl} is it still lunch?
[14:36] {Will49} it's always lunch time somewhere :)
[14:36] {dino} lunch time was 2 1/2 hours ago
[14:36] {dino} this is contra-hour
[14:37] {Will49} aren't they terrorits?
[14:37] {Will49} terrorists
[14:37] {dino} i suppose.............
[14:37] {dino} always a wiseazz in the room
[14:37] {Will49} c'est moi
01[14:39] {Threei}  MPC 1:1
[14:39] {scottie} FIRE s .50 ?
01[14:39] {Threei}  on a short side, notice
[14:39] {dptl} i didt take it
01[14:39] {Threei}  FIRE, no... needs a few min consolidation first
01[14:39] {Threei}  why not?
[14:40] {dptl} was confused
01[14:40] {Threei}  you wanted three longs, I said no to any, neither of them worked,
01[14:40] {Threei}  one short, I said yes, you ignored, it worked
01[14:40] {Threei}  something's worng with this picture :)
[14:41] {dptl} yeah...thats what i mean ..was confused..decide to skip it for now
01[14:42] {Threei}  you really need to stop smoking :)
[14:42] {dino} doing/looking at too much dp
[14:42] {dino} afternoons are your "edge' set up time
[14:42] {Will49} I don't smoke and I'm confused
[14:42] {dino} or nap time
[14:44] {scottie} MO l .60 if holds .55
[14:47] {dptl}  ok   TWX 52 short mast be good?
[14:47] {dptl} must be
01[14:48] {Threei}  worth a try
[14:48] {scottie} which one
01[14:48] {Threei}  MO
[14:48] {scottie} tks
01[14:48] {Threei}  actually TWX too, lol
[14:49] {Will49} there's your cigarette supply DP (MO)
[14:49] {dptl} :)
[14:50] {dptl} ok in twx stop above .10
[15:05] {dino} cpa new lows
[15:08] {dptl} stopped twx
[15:08] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
01[15:11] {Threei} Long Setup:  CAT  .10 break
01[15:12] {Threei}  If holds  96
01[15:21] {Threei} Short Setup: LVS  .50 break
[15:25] {dino} what am i missing on sna, beat big
01[15:27] {Threei}  a bit light on revenue..
01[15:27] {Threei}  msybe something in guidance
[15:27] {dino} ty
[15:27] {dptl} lvs stop .61?
01[15:27] {Threei}  yeah
01[15:29] {Threei}  meh
[15:29] {dptl} stopped
[15:29] {dino} cxw spike, none avail
[15:31] {dino} sna hl l .96
01[15:32] {Threei} Short Setup: BBRY  .90 break
01[15:32] {Threei}  If holds  17
[15:38] {dptl} still 17 stop?
01[15:38] {Threei}  .96...
[15:39] {dptl} ok...1c from 1:1 :(
01[15:46] {Threei}  sigh
01[15:47] {Threei}  should have go home after morning selling was over
[15:47] {Will49} you are home
[15:47] {Will49} stop smoking
[15:48] {dptl} stopped
[15:49] {dptl} yeah . finishing negative...
[15:50] {scottie} worst day for me in a while
01[15:51] {Threei}  you guys are pushing so much, it's amazing
[15:51] {dino} out sna .00, +.04
01[15:51] {Threei}  what's with need to trade something all the time
[15:52] {jdetente} I finished barely up..missed a few winners and a few stops.
[15:52] {dptl} i am stupid..was up nicely and just killed it.....it just confusing for me still to get it when its good to trade and not
[15:52] {jdetente} I shorted UVXY throughout the day which helped
01[15:52] {Threei}  what is so confusing about it?
[15:52] {dino} afternoons pretty much suck dp
[15:52] {jdetente} saved me from a down day
01[15:52] {Threei}  volume disappears, movement becomes very slow
01[15:53] {Threei}  you cut your activity to bare minimujm, take only the most compelling plays
01[15:53] {Threei}  just remember howmany times we already chanted this mantra about breakouts during slow time of them day, yet you continue finding them
01[15:54] {Threei}  now, if you are up nicely, remember our "trailing stop on account" method?
01[15:54] {Threei}  why do you continue trading until you are negative? instead of applying that methiod
[15:54] {Will49} describe?
[15:55] {dptl} ye thats why i am stupid   should trail account
[15:55] {dino} whewill example, if i am up 700 and drop below 500 i quit
01[15:55] {Threei}  when you are near your daily target, or average, or whatever you consider worth preserving, you decide how much you go home with no matter what, and put a "trailing stop" there
01[15:55] {Threei}  say, you are up 800,
01[15:56] {Threei}  you decide 500 is min you go home wiht.
01[15:56] {Threei}  you stop trading for the day if you drop to 500,
01[15:56] {Threei}  You make 200 more, trail stop to 650
01[15:56] {Threei}  make 100 more, trail stop to 700
01[15:56] {Threei}  etc
01[15:56] {Threei}  same idea as with trailing stop on a stock
01[15:57] {Threei}  same pirpose, protect your profit
[15:57] {dptl} thats what i didt do today.......
01[15:58] {Threei}  you need to think of your reason for trading, dp
01[15:58] {Threei}  seems trading itself is more important to you than making money
[15:59] {dino} ruins my evening when i was up nicely and go home negative. so don't give back all your gains
01[15:59] {Threei}  with nice mornings we often have, why not put a stop at half of what it brings
[16:00] {dptl} i know....i just dont know why i didt thats the problem
[16:00] {dino} i think i know
[16:00] {Will49} Cheers guys..tomorrow's another day
[16:00] {dptl} shoot
[16:01] {dino} never get "enough' so you push
[16:01] {dino} screw the homerun days dp, think base hits
[16:01] {dptl} ye..i guess so
[16:01] {dino} 400-500/day is some nice cake
[16:02] {dptl} my target is even less for now
[16:02] {thomcbell} good night all
[16:03] {dino} thats fine, but the key is to get consistant at hitting (and keeping) it
[16:03] {dptl} till i fixed some of my issues
[16:04] {dino} clear your head, relax and don't trade just to trade. i go hours w/o trades
[16:04] {dptl} yep will have to still work on that....thanx...gn and see ya tomorrow
[16:05] {dino} gn buddy
[16:07] {jdetente} gn everyone