RealityTrader Trading Log: June 17 2013

Gap-and-stall day, extremely slow and boring. Got a few winners, but rinses outweighed them.

Session Time: Mon Jun 17 00:00:00 2013
[08:07] <+cc_9} Morning Vad
01[08:51] <&Threei} yawn
01[08:51] <&Threei} hi cc9
[09:04] [09:04] 01[09:04] <&Threei} hey Les
[09:05] 01[09:05] <&Threei} dino :)
[09:06] 01[09:06] <&Threei} dp :)
[09:11] [09:12] [09:13] 01[09:13] <&Threei} 164.24
[09:13] [09:14] 01[09:15] <&Threei} will :)
[09:16] 01[09:16] <&Threei} ese :)
[09:18] 01[09:18] <&Threei} jd :)
01[09:18] <&Threei} ese, look dcc pls
[09:21] [09:21] 01[09:21] <&Threei} ron, alex :)'
[09:23] 01[09:24] <&Threei} bman :)
01[09:35] <&Threei} slowish opening
01[09:36] <&Threei} Long Setup: IWM .70 break hl
01[09:36] <&Threei} If holds .60
[09:36] 01[09:36] <&Threei} tbell :)
01[09:37] <&Threei} change to .60 break
01[09:37] <&Threei} If holds .50
01[09:38] <&Threei} should be ready now
01[09:39] <&Threei} ctill valid
01[09:39] <&Threei} still too
06[09:42] * Les smacks Nemo with an alarm clock and a bottle of pills
[09:42] [09:42] 01[09:42] <&Threei} no go
[09:42] 01[09:45] <&Threei} rinse
01[09:46] <&Threei} somg
[09:46] 01[09:47] <&Threei} Long Setup: .10 break hl
01[09:48] <&Threei} Long Setup: LVS '.10 break hl
[09:48] 01[09:48] <&Threei} If holds 57
01[09:50] <&Threei} Invalidated
01[09:51] <&Threei} Short Setup: JPM 54 break
01[09:51] <&Threei} If holds .10
[09:54] 01[09:54] <&Threei} well?
01[09:54] <&Threei} will you ever lose that sipport JPM?
[09:55] [09:55] 01[09:55] <&Threei} and drop like a brick in the empty well, with appropriate sound at the end
01[09:56] <&Threei} you are free to choose between splash and thud
01[09:56] <&Threei} I'll take either
01[09:56] <&Threei} or both
[09:57] [09:58] 01[09:58] <&Threei} gap'n' stall... hate it passionately
[09:58] [09:59] [09:59] [10:00] 01[10:00] <&Threei} *(US) JUN NAHB HOUSING MARKET INDEX: 52 V 45E
01[10:00] <&Threei} JPM is two-sided now
01[10:02] <&Threei} come on
[10:04] [10:06] 01[10:07] <&Threei} Short Setup: CAT .65 break hl
01[10:07] <&Threei} If holds .75
01[10:09] <&Threei} Invalidated
01[10:12] <&Threei} Short Setup: WLT .95 break hl
01[10:12] <&Threei} .c .05
01[10:12] <&Threei} If holds .05
[10:12] <+cc_9} Need an SPY drop below 164.625
[10:12] [10:13] [10:13] <+cc_9} too strong for now
[10:13] <+cc_9} almost no fades
01[10:13] <&Threei} WLT valid
01[10:15] <&Threei} give us good panic WLT
[10:15] 01[10:16] <&Threei} no but there are smart asses
[10:17] 01[10:17] <&Threei} no go
[10:18] [10:18] <+cc_9} SPY sideways near session highs...yawn
[10:18] 01[10:19] <&Threei} Short Setup: GDX .96 break
[10:20] <+cc_9} looking for 9.45 break out NUGT for long scalp, currently sitting @ LOD/support from Friday
[10:20] [10:21] <+cc_9} Come on SPY...give back some of that gap already
[10:22] [10:26] [10:27] <+cc_9} 164.68 is the # to watch for any pullback
[10:27] [10:27] 01[10:28] <&Threei} .955 here
01[10:28] <&Threei} no position yet for me
[10:28] [10:28] <+cc_9} 13mins for a mini fade, 2 mins to get back to square 1
[10:28] 01[10:28] <&Threei} but as SPY starts climbing, GDX should trigger and die
01[10:28] <&Threei} die, I said... horrible slow death
01[10:28] <&Threei} or better fast
[10:28] [10:29] [10:29] [10:30] [10:30] [10:30] [10:30] 01[10:31] <&Threei} Ron... so, you are with me when I move to that last resort on Titan, I take it?
[10:31] [10:32] [10:32] [10:32] [10:32] [10:32] [10:32] [10:32] 01[10:32] <&Threei} cool beans, he will help plow the soil
01[10:33] <&Threei} nemo will be our General Convincer when it comes to who takes up dirty work
[10:34] [10:34] [10:34] 01[10:34] <&Threei} lol
[10:34] [10:35] [10:35] [10:35] [10:35] 01[10:37] <&Threei} see, nemo can be sophisticated
[10:37] 01[10:37] <&Threei} the best kind
01[10:37] <&Threei} soft and gentle cruelty, Torquemada
01[10:38] <&Threei} Invalidated GDX
[10:38] <+cc_9} cc_9 looking for 9.45 break out NUGT for long scalp, currently sitting @ LOD/support from Friday
[10:38] <+cc_9} Baby bounce for now, looking for 9.50s bid
[10:39] 01[10:40] <&Threei} Short Setup: FCX .70 break
01[10:40] <&Threei} If holds .80
[10:41] <+cc_9} NUGT 9.50s bid, le'go
[10:44] [10:44] [10:45] <+cc_9} Scaling out NUGT
[10:45] [10:45] [10:45] 01[10:46] <&Threei} let's change FCX to .75 break if stays under .80
[10:46] [10:46] [10:46] [10:46] [10:48] [10:48] <+cc_9} All out NUGT 9.54/55 from 9.40
[10:48] [10:48] [10:48] [10:49] [10:49] 01[10:49] <&Threei} FCX valid
[10:49] 01[10:49] <&Threei} lol stev
[10:52] [10:53] [10:53] 01[10:53] <&Threei} take care ese
[10:53] [10:53] 01[10:53] <&Threei} ok GDX
01[10:53] <&Threei} FCX
01[10:53] <&Threei} be a doll
01[10:54] <&Threei} lose .70, drop to .55 and make our morning shine
[10:54] [10:55] 06[10:55] * Les slaps Will49 around a bit with a large trout
[10:55] [10:55] [10:56] [10:56] 01[10:56] <&Threei} SPY says no, stev
[10:57] [10:57] 01[10:58] <&Threei} if can't break .90, probably
[10:58] [10:59] [10:59] <+cc_9} feels like one of those slow grind up days...
[11:00] 01[11:02] <&Threei} didn't manage to the end
[11:02] 01[11:02] <&Threei} bored me to tears
[11:02] 01[11:03] <&Threei} was looking forward to watch it... didn't expect it to be this unexciting
[11:03] 01[11:03] <&Threei} no
01[11:03] <&Threei} O'Reily's book is great
01[11:03] <&Threei} enjoyed it very much
[11:03] [11:03] [11:03] [11:03] [11:04] 01[11:04] <&Threei} but movie somehow put me to sleep
[11:04] 01[11:04] <&Threei} you may find it different, who knows
01[11:04] <&Threei} tastes, you know...
[11:05] [11:05] [11:05] 01[11:06] <&Threei} this was another reason for my disappointment... such team... Day-Lewis, Spilberg
01[11:07] <&Threei} ok FCX
01[11:07] <&Threei} time for death
[11:07] 01[11:07] <&Threei} could be...
[11:07] 01[11:08] <&Threei} life is bane of most things in life
01[11:08] <&Threei} 1:1
[11:08] 01[11:08] <&Threei} yw
[11:10] [11:10] <+cc_9} sideways, pop, sideways pop, grind all day
[11:10] <+cc_9} lame Monday
[11:11] [11:13] 01[11:14] <&Threei} hl, yes
01[11:16] <&Threei} Long Setup: CAT .30 break hl
01[11:16] <&Threei} If holds .20
01[11:19] <&Threei} Invalidated
[11:22] 01[11:26] <&Threei} Short Setup: LVS .30 break hl
[11:28] [11:29] 01[11:29] <&Threei} worth a shot, especially if holding .15
01[11:29] <&Threei} (US) Former FHFA chair James Lockhart: market share for Fannie and Freddie remains unhealthy; mortgage market still needs Govt support- Does not see any way Fannie debt to US will be repaid. - James Lockhart is now the Vice Chair at WL Ross & Co LLC; As FHFA chief he was the lead regulator of Fannie and Freddie.
[11:30] 01[11:32] <&Threei} Long Setup: TZA .85 break hl
[11:32] 01[11:32] <&Threei} If holds .75
01[11:33] <&Threei} actually TZA full lot
01[11:33] <&Threei} Invalidated LVS
[11:34] <+cc_9} my fav is when the price gets to your avg price @ the ask and stays there, then goes back to leave you negative, each time it tests it its just to piss u off
[11:35] <+cc_9} its by far the best feeling...
[11:35] [11:35] [11:35] 01[11:36] <&Threei} Short Setup: LVS .40 break hl
01[11:36] <&Threei} If holds .50
[11:36] <+cc_9} never mind, im getting my SDS fills finally
[11:37] [11:38] 01[11:40] <&Threei} no go LVS
01[11:40] <&Threei} I hate mondays
[11:41] 01[11:42] <&Threei} now if SPY drops, LVS will turn into a rinse
[11:42] 01[11:42] <&Threei} and make a second somg of the day
[11:42] 01[11:42] <&Threei} well, if it doesn't proceed to be a winner now, it will be a legitimate stop
01[11:42] <&Threei} rinse is stopping you out, then working
[11:43] [11:43] [11:43] 01[11:44] <&Threei} TZA... you need to give us 1:3 to fix this day... can you do this?
[11:45] [11:45] [11:46] [11:47] [11:48] [11:48] [11:48] [11:49] [11:49] [11:49] [11:49] [11:49] [11:49] [11:49] [11:50] [11:50] [11:50] [11:50] [11:50] [11:50] [11:50] [11:51] [11:51] [11:51] [11:51] [11:51] [11:52] [11:52] [11:52] [11:52] 01[11:53] <&Threei} Caesar salad was my first thought but then I decided, without 5 strips of bacon it couldn't even be called a salad...
[11:53] [11:54] [11:54] [11:54] [11:55] [11:55] [11:55] [11:55] [11:55] [11:56] [11:56] 01[11:56] <&Threei} just tzar
[11:56] [11:57] [11:58] [11:58] [11:58] [11:58] [11:59] [11:59] [11:59] [11:59] [12:00] [12:00] [12:00] [12:00] [12:00] [12:00] [12:00] [12:00] [12:01] [12:01] [12:01] [12:01] [12:01] [12:02] [12:02] [12:02] [12:02] [12:03] [12:03] [12:03] [12:03] [12:03] [12:03] [12:04] [12:04] [12:04] [12:05] [12:06] [12:07] [12:08] [12:08] [12:08] [12:08] [12:08] [12:08] [12:09] [12:09] [12:09] [12:09] [12:09] [12:09] [12:09] [12:10] [12:10] [12:10] [12:11] [12:11] [12:11] [12:11] [12:12] [12:13] [12:13] [12:13] [12:13] [12:14] [12:14] [12:14] [12:15] [12:15] [12:15] [12:15] 01[12:15] <&Threei} C works nicely
[12:15] [12:15] [12:16] [12:16] [12:16] [12:16] [12:17] [12:17] [12:17] [12:17] [12:17] [12:18] [12:18] [12:18] [12:18] [12:18] [12:19] [12:19] [12:19] [12:19] [12:19] [12:19] [12:19] [12:20] [12:20] [12:20] [12:20] [12:20] [12:20] [12:20] [12:20] [12:20] [12:20] [12:21] [12:21] [12:22] [12:22] [12:22] [12:23] [12:23] [12:23] [12:23] 01[12:23] <&Threei} wtg
[12:23] [12:25] [12:25] [12:25] [12:25] [12:25] [12:25] [12:25] [12:25] [12:25] [12:26] [12:26] [12:26] [12:26] [12:26] [12:26] [12:26] [12:27] [12:27] 01[12:27] <&Threei} rofl
[12:27] [12:27] [12:28] 01[12:28] <&Threei} OK TZA... 1:1
[12:28] [12:34] [12:35] [12:35] [12:36] [12:36] [12:36] [12:37] [12:37] [12:37] 06[12:37] * Les slaps nemo around a bit with a large trout
[12:38] [12:38] [12:38] [12:39] 01[12:39] <&Threei} Long Setup: FAZ .90 break
01[12:40] <&Threei} If holds .83
[12:40] 01[12:41] <&Threei} meh
01[12:47] <&Threei} Short Setup: GDX .05 break
01[12:48] <&Threei} If holds .10
01[12:59] <&Threei} 2 cents ever 15 min, we might get 1:1 this millenia
[12:59] 01[13:01] <&Threei} now you have an idea about movie Lincoln
[13:02] 01[13:07] <&Threei} wow... 5 cents
[13:09] 01[13:09] <&Threei} that's not my reco
01[13:10] <&Threei} mmendation
01[13:10] <&Threei} lol
[13:10] [13:10] 01[13:10] <&Threei} that's ese and will
[13:10] [13:10] 01[13:10] <&Threei} no, I was talking about Inness and Gun
[13:10] [13:10] [13:11] [13:11] [13:11] [13:11] [13:12] [13:12] [13:12] [13:14] [13:16] [13:17] 01[13:17] <&Threei} if remains under .60, yeah
[13:18] <+cc_9} *yawn*
[13:19] [13:20] [13:22] [13:22] 01[13:24] <&Threei} no
[13:27] [13:32] [13:32] 01[13:37] <&Threei} yes
01[13:39] <&Threei} considering how they move today, taking profit under 28 would probably have been better idea
01[13:48] <&Threei} GME us ready
01[13:48] <&Threei} is
[13:50] 01[13:50] <&Threei} lol
[13:53] [13:54] 01[13:54] <&Threei} don't have aptience for a trigger?
01[13:54] <&Threei} bioth are valid
[13:55] [14:04] 01[14:05] <&Threei} hey
01[14:05] <&Threei} GME breaks down
01[14:05] <&Threei} get back here
[14:05] 01[14:05] <&Threei} :)
01[14:05] <&Threei} throw away that cigarette
[14:06] [14:06] [14:06] 01[14:07] <&Threei} wow... you've got some long cigarettes
01[14:07] <&Threei} 1:1
[14:07] 01[14:08] <&Threei} smoking is bad, haven't you heard
01[14:08] <&Threei} (G8) G8 countries note the global economy is still weak but downside risks have been lowered by actions taken by the US, Japan and the EMU - press- Optimism in financial markets has yet to be fully translated into the real economy.
[14:12] 01[14:13] <&Threei} (US) Upcoming US Fed meeting may again stress that any QE taper is not tightening of policy but scaling back of easing; but the decision would be dependent on data - FT- Bernanke comments may stress as well that tapering the purchases will not imply that the timeline of impending Fed fund hikes has been moved up
[14:13] [14:13] 01[14:13] <&Threei} I am not sure what you saw in it to begin qwith
01[14:16] <&Threei} GME 1:2
[14:16] 01[14:17] <&Threei} yes
01[14:17] <&Threei} can you believe it
[14:17] 01[14:17] <&Threei} the rest were scalps, rinses or invalidations
[14:17] [14:23] [14:24] 01[14:24] <&Threei} yes... ans bored to tears
01[14:24] <&Threei} 1:3
[14:25] [14:29] [14:31] [14:31] [14:32] 01[14:34] <&Threei} here is your answer
[14:35] [14:35] [14:36] <+cc_9} Les, do tell me u loaded SSO on that drop :D
01[14:38] <&Threei} LINE... should be run time...
01[14:38] <&Threei} feels like shortts oversta their welcome
01[14:41] <&Threei} Long Setup: LINE .45 break hl
01[14:41] <&Threei} If holds .35
[14:47] 01[14:48] <&Threei} LINE valid
[14:49] [14:50] [14:53] [14:55] [14:57] <+cc_9} Scaling some SSO on reversal
[14:57] <+cc_9} looking for 164 on SPY tgt
[15:00] <+cc_9} here comes the push
[15:01] [15:01] <+cc_9} plenty time on the clock, enough to trap some into Fed decision
[15:01] [15:02] <+cc_9} BOOM
[15:02] <+cc_9} there we go!
[15:02] [15:04] <+cc_9} There is 164 SPY, dumping SSO
[15:04] <+cc_9} calling it a day
[15:04] <+cc_9} another grand session :D
[15:07] [15:08] <+cc_9} My trades for today (click image) }}} http://img198.imageshack.us/img198/5879/w9d.JPG
[15:08] <+cc_9} $1k/day goal reached, all done.
[15:09] <+cc_9} ty dino
[15:09] [15:10] [15:15] <+cc_9} hehe dino
[15:15] <+cc_9} P&L daily so far since strictly trading SSO / SDS (click image) }}} http://img802.imageshack.us/img802/7272/62e5.jpg
[15:15] [15:15] <+cc_9} dino, stick to your comfort zone.
[15:15] <+cc_9} Don't try to beat or +1 anyone.
[15:15] [15:16] [15:16] 01[15:22] <&Threei} Long Setup: FCX .55 break
01[15:22] <&Threei} If holds .50
[15:30] <+cc_9} i want my 3k SSO shares back :(
[15:30] <+cc_9} i sold at .45 / .46 / .47 /.48
[15:30] <+cc_9} ugh
[15:31] [15:31] <+cc_9} lol what stop
[15:31] <+cc_9} I scale.
[15:31] [15:31] <+cc_9} ETFs unlike stocks don't just crash for ever and halt pending news
[15:31] <+cc_9} (for the most part)
[15:31] [15:31] <+cc_9} so i feel confident scaling in at various prices until I have a good cost vs market price. Then scale out
[15:31] <+cc_9} if it went against me ?
[15:32] [15:32] <+cc_9} Once my P&L goes from positive to 0.00 for the day
[15:32] [15:32] <+cc_9} but i try to start small when I start the day, $100 here, $200 there until about $500
[15:32] <+cc_9} then I take bigger trades
[15:32] [15:33] [15:34] <+cc_9} SSO come back to meeeeeeeeee
[15:36] [15:38]

Monday, June 17, 2013

June 17 2013