Thursday, March 20, 2014

March 20 2014

Not very satisfactory day as a few too many small stops kept us slightly negative even though there were quite nice winners. Oh well. Nice discussion of trading rules at the last 20 minutes, don't miss it.

Session Time: Thu Mar 20 00:00:00 2014
01[09:13] {@Threei}  NQ Mobile Inc. Huawei to License NQ Mobile's™ Music Radar for Ring Back Tone (RBT) Services and Apps
[09:15] {dptl} good morning
01[09:15] {@Threei}  dp :)
[09:19] {dino} gm
01[09:19] {@Threei}  dino :)
[09:21] {mojo1} gm
01[09:21] {@Threei}  mojo :)
[09:22] {RonS} hello everyone
01[09:23] {@Threei}  ron :)
[09:24] {ese} morning
01[09:24] {@Threei}  ese :)
[09:28] {munky} morning
01[09:28] {@Threei}  munky :)
01[09:29] {@Threei}  let's see if NQ tightens enough for the trade
01[09:31] {@Threei} Short Setup: YHOO  .35 break hl
01[09:31] {@Threei}  If holds  .45
01[09:33] {@Threei}  jerky
01[09:34] {@Threei}  needs to lose .30
01[09:35] {@Threei}  stop to .41
01[09:35] {@Threei}  1:1
01[09:36] {@Threei} Short Setup: CAT  .50 break hl
01[09:36] {@Threei}  Invalidated
01[09:37] {@Threei} Long Setup:  OWM  .90 break
01[09:37] {@Threei} Long Setup:  IWM  .90 break
01[09:37] {@Threei}  If holds  .80
01[09:38] {@Threei}  no go
01[09:42] {@Threei} Short Setup: EBAY  .80 break
01[09:42] {@Threei}  If holds  .90
01[09:44] {@Threei}  valid again
[09:45] {nemo} fas spreads still a bit wide
[09:46] {fish_49} still valid EBAY?
01[09:47] {@Threei}  yes
[09:49] {dino} sncr smr l .14
01[09:51] {@Threei}  1:1
[09:51] {fish_49} click click
[09:52] {thomcbell} feye almost ready for a rally
[09:52] {thomcbell} worst deal in history
[09:52] {dino} what does click click mean?
[09:52] {fish_49} the sound of Order Filled
[09:52] {dino} ok
[09:53] {fish_49} out on the trail  ty
01[09:53] {@Threei}  yw
[09:53] {dino} gwph drop
01[09:54] {@Threei}  watching TZA
[09:55] {fish_49} bank stress test out today?
[09:56] {dino} dk smr l .26
01[09:58] {@Threei} Long Setup:  TZA  15 break
01[09:58] {@Threei}  If holds  .95
01[09:59] {@Threei}  *(US) MAR PHILADELPHIA FED BUSINESS OUTLOOK: 9.0 V 3.2E
01[09:59] {@Threei}  *(US) FEB EXISTING HOME SALES: 4.6M V 4.60ME
[10:02] {fish_49} Meh
[10:06] {dino} out sncr .14 +1.00
[10:06] {RonS} wtg
[10:06] {fish_49} nice
[10:06] {dino} ty
01[10:07] {@Threei} Long Setup:  WMT  .40 break
01[10:07] {@Threei}  If holds  .30
01[10:09] {@Threei} Long Setup:  FAZ  .70 break
01[10:09] {@Threei}  If holds  .65
[10:13] {dino} fcx hl l .75
01[10:14] {@Threei}  FAZ meh
[10:15] {fish_49} 1:1  wmt
01[10:15] {@Threei}  this one should do better
01[10:15] {@Threei}  1:1
01[10:15] {@Threei}  clear sky above
[10:15] {fish_49} I had to pick one  and I picked FAZ  lol  WMT will go to 1:5  now
01[10:16] {@Threei}  they both a slow...
01[10:16] {@Threei}  are
[10:16] {fish_49} yea  for now  I want to be in one trade at a time
[10:18] {thomcbell} feye
[10:18] {thomcbell} u do it dino?
01[10:19] {@Threei}  Obama statement on Ukraine in 45 min
01[10:19] {@Threei}  let me guess... sanctions against 3 more
[10:22] {fish_49} we need to find a way to spice into the Finies long  today
[10:22] {fish_49} JPM or C
[10:22] {fish_49} splice*
[10:25] {dino} visions of spice girls going thru mind
[10:25] {fish_49} lol
[10:26] {fish_49} @49  any vision is good
[10:26] {dino} eonc spike
01[10:27] {@Threei} Short Setup: JPM  .55 break
01[10:27] {@Threei}  If holds  .65
01[10:29] {@Threei}  (US) Preview: Fed to release initial CCAR stress test results for the 30 largest banks today at 16:00ET- Results from supervisory stress tests conducted as part of the Dodd-Frank Reform and Consumer Protection Act will be released today after the close. The exercises help assess whether institutions have sufficient capital to absorb losses and support operations during adverse economic and financial market conditions over a period of nine quarters.
01[10:30] {@Threei}  - Last year, 17 of 18 of the biggest financial institutions in the US passed its stress test scenario. Ally Financial was the only institution that failed to meet thresholds.
01[10:30] {@Threei}  sounds like non-event to me
01[10:32] {@Threei}  1:2  WMT
[10:32] {dino} gj
01[10:32] {@Threei}  ty
01[10:40] {@Threei}  will try for 1:4 on WMT
[10:40] {fish_49} C pulling back  Lets see if JPM can trigger
[10:40] {ese} L gtat .07
01[10:41] {@Threei}  1:3
01[10:41] {@Threei}  let's change JPM .60 break
[10:41] {ese} not yet
[10:42] {ese} ohhhhhhhh ya mean jpm
01[10:42] {@Threei}  If holds  .67
01[10:42] {@Threei}  normally when I type JPM, yes, I mean JPM... {G}
01[10:42] {@Threei}  Invalidated
[10:43] {thomcbell} bac
[10:43] {thomcbell} very bullish chart
[10:43] {munky} normally when i type bac, i mean bacon
[10:44] {ese} lol
01[10:44] {@Threei}  normally when I type bacon O mean "you all back away slowly from my plate, and noone will get hurt. Maybe"
[10:44] {ese} normally when I type anything on this board it's BS
[10:44] {munky} roflol
[10:45] {dino} fcx to .98
[10:45] {fish_49} I dont normally Type on this Board but when I do, It's Funny
[10:45] {ese} and when dino types anything on the board.......it gets silent ......and when all watch in anticipation of his profit
[10:45] {munky} hey, u want me to stop and tank wmt?
[10:45] {munky} ilkl go long here lol
01[10:45] {@Threei}  1:4 is close enough
01[10:46] {@Threei}  out
[10:46] {nemo} pullback coming here...how deep not sure
[10:46] {munky} nemo is it bounmce time vxx
01[10:46] {@Threei} Long Setup:  FAZ  .55 break
01[10:46] {@Threei}  If holds  .50
[10:47] {dino} out fcx .98, +.23
[10:48] {nemo} possibly to vwap...but bigger move more likely later today on vxx
[10:49] {nemo} another fly in the ointment today on indexes...op ex Thurs
[10:49] {munky} ty my brother-in-arms
[10:49] {nemo} btw...munkey...this area is the 50 day on the VXX
[10:50] {munky} i thought it was every third friday of month nemo?
[10:50] {nemo} for some options strikes are set today
[10:52] {RonS} true, but when has it mattered?
[10:53] {thomcbell} after aa bit of consolidation spwr looks like 32.68 break
[10:53] {munky} vxx went to vwap capn nemo
[10:53] {nemo} action seems to be less readable on op ex Thursday
[10:54] {fish_49} click click
01[10:55] {@Threei}  1:1
[10:57] {munky} nemo any read fb?
[10:58] {nemo} pres speaking
[10:59] {munky} when is he not speaking?
[10:59] {munky} oh, when hes golfging
[10:59] {nemo} fb likely to test those swing highs just below pivot
01[10:59] {@Threei}  when doing something to prevent looming war
01[10:59] {@Threei}  oh wait...
[10:59] {nemo} beyond that, so far it's in the middle of the range
[11:00] {nemo} time of day starting to get iffy
[11:01] {munky} i thought pres could drive vxx up
[11:01] {munky} fear
01[11:02] {@Threei}  you mean he could say something that would actually instill fear?
[11:02] {fish_49} Boo
01[11:02] {@Threei}  other than fear of anotherjob-killing move
01[11:05] {@Threei}  yessss
01[11:05] {@Threei}  more people sanctioned
01[11:06] {@Threei}  that'll show them
[11:06] {munky} c pllbk to vwap
[11:06] {dino} dk to .65
01[11:07] {@Threei}  Will continue to work with European partners regarding any potential sanctions, including sanctions on sectors of the Russia economy rather than just individuals
[11:07] {fish_49} FAZ close enough
[11:07] {fish_49} out at .73
[11:07] {fish_49} thanks Vad
01[11:07] {@Threei}  yw
[11:08] {fish_49} I have a Realtor coming  see everyone later  happy trading
[11:09] {dino} to .70
[11:09] {mojo1} where you moving fish?  next to vad
[11:10] {RonS} fish to the Black Sea?
[11:11] {munky} akba an ipo?
[11:11] {thomcbell} yes
01[11:11] {@Threei}  yeah, today's
01[11:11] {@Threei}  biopharmaceutical
[11:12] {RonS} wow, nice typing...  :)
[11:12] {dptl} more sanction eh.....the way its going they will remove russian vodka from stores, and then what are we going to do Vad? :)
[11:13] {dino} oh f#@k, didn't think of that dp
01[11:13] {@Threei}  this is going to be tough
[11:13] {nemo} Tito's
01[11:13] {@Threei}  life as we know it sure will change
01[11:13] {@Threei}  1:2  FAZ
[11:14] {dino} time to stock up i guess
01[11:14] {@Threei}  wait
[11:14] {dptl} i gues :) Dino
[11:14] {dptl} guess
01[11:14] {@Threei}  everything is not over
01[11:14] {@Threei}  there is some good ukrainian vodka
01[11:14] {@Threei}  and they will let it in, as sign of solidarity
[11:15] {dino} for how long
[11:15] {dptl} lol.....i know how to make moonshine
[11:16] {RonS} new one for me... Obamao
01[11:16] {@Threei}  by polishing your bum, dp?
[11:16] {dptl} lol
[11:16] {RonS} rotflol...took a sec
06[11:16] * @Threei takes a bow
[11:18] {ese} dddddddddddddddddddddddddpppppppppppppppppppppppp!!!!!!!!!!!!!!!!!! your back buddy.....awesome!!!!!!!!!!!!!!!!!!
[11:18] {dptl} The Russian name for any homemade distilled alcoholic beverage is called samogon (ru: ??????´?), literally translated as "self-run" or "self-distilled". Historically, it was made from malted grain (and therefore similar to whisky), but this method is relatively rare nowadays, due to increased availability of more convenient base ingredients, such as table sugar, which modern samogon is most often made from. Other common ingredients inclu
[11:19] {dptl} Ese :)
01[11:19] {@Threei}  Europe has a range of options to shore up its energy security and cut dependence on Russian supplies, including asking the United States to export more gas, and working with Iraq, a British government document says.
01[11:19] {@Threei}  now, that would really hurt
[11:19] {ese} would it ever
01[11:20] {@Threei}  Russian economy is holding on energy supplies
[11:20] {dino} pretty much all it is
01[11:20] {@Threei}  take it away, that's a house of cards
01[11:21] {@Threei}  house of cards on clay legs, to use some mix metaphore
[11:24] {thomcbell} no setup yet but i bought some mu
[11:26] {RonS} the horror:  Margarita fans miffed as Mexican lime growers squeeze supply
[11:27] {dino} what is going on? madness, vodka may be stopped from russia, limes in short supply, chaos
[11:27] {thomcbell} feel like the mu may be a failed inverse cup and handle
[11:27] {nemo} Have you seen who's president?
[11:29] {RonS} or as ese would say...whose  :)
[11:29] {dino} dk to .85
[11:29] {nemo} gardening was never his strong suit
01[11:30] {@Threei}  come on, you should see the trench he dug
[11:30] {RonS} just thinking that...lol
[11:30] {nemo} bury him neck deep and get out the lawnmower
01[11:30] {@Threei}  it swallowed 5 neigboring houses, and he is still not done
[11:30] {dino} out dk .83, +.57
01[11:31] {@Threei}  actually, I suspect he is trying to move the beach closer to his house, masking it as a draining trench
[11:31] {RonS} gj dino
[11:33] {dino} ty ron
[11:34] {dino} taking a bit of a break
01[11:34] {@Threei}  closed balance FAZ on a trail
[11:34] {dino} slow day but 3 for 3
[11:34] {ese} L gtat avg .98
01[11:36] {@Threei}  lol... https://scontent-a-ord.xx.fbcdn.net/hphotos-prn1/t1.0-9/58029_3969531973696_967312602_n.jpg
[11:36] {nemo} that was a good movie
[11:37] {nemo} that kid was great
[11:37] {nemo} Kate Winslet was in it too
[11:42] {thomcbell} wow back to day high
[11:43] {RonS} has a different meaning in Colorado...
[11:45] {RonS} more like:  high back to day wow
[11:47] {RonS} no fish no will...tough crowd left...
01[11:47] {@Threei}  wow WMT
01[11:47] {@Threei}  who would have thought this turtle could get that far
01[11:53] {@Threei} Long Setup:  IWM  .07 break
01[11:54] {@Threei}  If holds  119
[11:56] {RonS} jesus ese missed exit on gtat by 1/2 cent...freakin hate that...
[11:57] {ese} huh
[11:58] {ese} all the discussion is gone
01[11:58] {@Threei}  no go
[11:59] {RonS} been talking to myself here...didn't miss a thing...
01[11:59] {@Threei}  lol
[12:09] {thomcbell} some big prints on feye near 69
01[12:10] {@Threei} Long Setup:  EBAY  57 break
01[12:10] {@Threei}  If holds  .94
01[12:16] {@Threei}  half out
[12:16] {thomcbell} mu if anyone did it i would make a sale
01[12:19] {@Threei}  frikin IWM, rinsed
01[12:20] {@Threei}  1:1  EBAY
01[12:23] {@Threei}  so, MCain, Boehner and Reid are barred from entering Russia
01[12:23] {@Threei}  too bad... I say let's sent Reid there
01[12:23] {@Threei}  send
01[12:24] {@Threei}  wrapped in gift paper
[12:41] {thomcbell} made a sale on feye if anyone followed
01[12:42] {@Threei}  wtg
[12:42] {thomcbell} tony of prints at 69
[12:42] {thomcbell} tons
[12:42] {ese} how'd you do thom?
[12:43] {thomcbell} i did very well in this one today
01[12:43] {@Threei}  so ese... as a result of your trench-digging, is Willows beach at your doorstep yet?
01[12:44] {@Threei}  my theory is, you want to be able to take a dive right from your porch
[12:45] {ese} lol
[12:46] {ese} it might as well be at my back door......you should see how much these guys are doing on the drain tiles....crazy...didn't realise there was so much involved in it
[12:56] {nemo} vxx looks long here
[12:59] {nemo} not now
[13:00] {thomcbell} i took the trade on FEYE on a trail
01[13:00] {@Threei}  good management thom
[13:00] {thomcbell} if it flushes under 69 im interested in buying it again
[13:00] {nemo} gotta' turn around at 69
01[13:02] {@Threei}  your VXX idea might be close, nemo
[13:02] {nemo} yes
[13:07] {dino} .
[13:08] {dino} miss much ?
[13:08] {nemo} well, index short setups are forming...but...
[13:09] {nemo} nice of them just to drop like that
01[13:12] {@Threei} Long Setup:  VXX  .90 break
01[13:12] {@Threei}  If holds  .80
01[13:21] {@Threei}  valid and promising
01[13:26] {@Threei}  (RU) S&P revises Russia Federation sovereign credit outlook to negative from stable; rating remains BBB- Cites increasing economic and geopolitical risk.
01[13:26] {@Threei}  economic weapon
01[13:26] {@Threei}  1:1
01[13:27] {@Threei}  to the moon VXX
01[13:27] {@Threei}  (please?)
01[13:27] {@Threei}  good idea nemo, thanks
[13:28] {dino} gj
[13:29] {nemo} not sure we're gonna' get a moon shot today on vxx
01[13:29] {@Threei}  don't get between me and my dream
[13:30] {nemo} tomorrow going into the afternoon greater likelihood
01[13:30] {@Threei}  it's almost like getting between me and my bacon
[13:30] {nemo} you mean, MY bacon
01[13:30] {@Threei}  or monky and his banana
01[13:30] {@Threei}  hmmm... this might be physiologically impossible
[13:30] {nemo} what a setup...I'll leave it alone
01[13:31] {@Threei}  lol
[13:32] {nathan} what's up?
01[13:32] {@Threei}  SPY
01[13:34] {@Threei}  break of .05 should get us to 1:2
01[13:39] {@Threei}  OK, this I have to read 3 more times to believe:
01[13:39] {@Threei}  The Obama administration has proposed a 28% spending cut for a Pentagon program that supports modernizing the military of Ukraine and other former Soviet Union republics, Pentagon budget records show, a move that could endanger efforts to boost Ukraine's armed forces as they face threats from Russia.
01[13:39] {@Threei}  wtf?
01[13:40] {@Threei}  is this guy absolutely set on undermining USA credibility to the point where no one notices it on the map?
[13:40] {dino} pretty much, carries around a lot of guilt i guess, obummer
[13:40] {RonS} he's thinking Canada can pick up the tab...
01[13:41] {@Threei}  Spending on the Warsaw Initiative Fund is set to drop from $34 million in the current fiscal year to $24.4 million in the 2015 fiscal year, which starts Oct. 1.
01[13:41] {@Threei}  he will save 10 million?
[13:41] {dino} no, he'll spend that and more on welfare increases
01[13:42] {@Threei}  English has no appropriate words... I have to swotch to Russian
01[13:42] {@Threei}  or Ukraininan as case might be
01[13:44] {@Threei}  "How to appease your enemies while throwing your allies under the bus"
[13:46] {dino} oxy smr l .45
[13:47] {ese} well gtat........should i or shoudn't i take my .08 cents profit......sheesh
[13:47] {dino} looks up-ish
[13:51] {dino} guess not
[13:51] {munky} back
[13:52] {goinshort} looking for a VZ short
01[13:52] {@Threei}  47 break?
01[13:53] {@Threei}  looks tempting
[13:53] {goinshort} yes
[13:56] {munky} c day high vad
01[13:56] {@Threei}  break is likely
01[13:56] {@Threei}  with this circus stress test results after close
01[13:57] {@Threei}  VXX balance closed
01[13:58] {@Threei}  good point:
01[13:58] {@Threei}  The Moscow Times: If Russia gets Crimea, should Germany get Kaliningrad?
01[13:58] {@Threei}  how far back do we go to restore what we consider "correct" borders?
01[14:00] {@Threei}  Kaliningrad, formerly known as Konigsberg, a historically German exclave that Germany lost to the Soviet Union in 1945 following the conclusion of World War II
01[14:02] {@Threei}  VZ doesn't bounce with SPY
[14:05] {munky} on vz vad, u would take large shares like 3k?
01[14:05] {@Threei}  well, stop is above .10
01[14:05] {@Threei}  so consider your risk tolerance
01[14:05] {@Threei}  slippage risk wise, it allows for large shares
[14:05] {munky} ah, ok, like 6k tghen
[14:07] {dino} out oxy .49 +.04, can't get thru .53
[14:07] {thomcbell} scty has the looks of double bottom here vad
[14:07] {munky} anyone take vz?
[14:08] {dino} no
01[14:08] {@Threei}  SCTY is way out of my comfort zone
[14:08] {goinshort} I'm in
[14:09] {goinshort} needs a SPY push
01[14:09] {@Threei}  spread is just indecent
[14:09] {dino} oxy sob
[14:09] {dino} try again smr l oxy .55
[14:12] {fish_49} did anyone catch any of the JPM and C run?
[14:13] {munky} i missed c
[14:13] {munky} was surprised room wasnt on it
[14:14] {munky} i focus on vxx iwm fb ebay yhoo
[14:14] {dino} i look for fast pops and drops
01[14:15] {@Threei}  why be surprized... see something, offer it
01[14:16] {@Threei}  there are 10K stocks, no one can monitor them all
01[14:16] {@Threei}  we got nice run out of C yesterday
01[14:16] {@Threei}  out of WMT today
[14:17] {fish_49} wmt gave 1:5
[14:17] {fish_49} ?
[14:18] {thomcbell} ebay has a cup and handle on 1 minute here with 57.01 entry
01[14:18] {@Threei}  I sold at 1:4
[14:18] {fish_49} Niceeeeeeeeee
[14:22] {thomcbell} scty working
[14:24] {nemo} well, if ur gonna' try shorting the indexes, it's around here
[14:32] {RonS} oxy acting like its on some...
[14:32] {dino} slow dog walk
[14:37] {thomcbell} ebay looks like a 57.01 long break
[14:37] {thomcbell} i suppose
[14:40] {nathan} JNJ looks like breakout?
[14:41] {nathan} there it goes
01[14:42] {@Threei}  ?
[14:42] {nathan} fading away
01[14:42] {@Threei}  breakout for JNJ would be .10
[14:42] {nathan} wouldnt be enought breaking .05?
01[14:43] {@Threei}  with recent highs this close, not really
01[14:43] {@Threei}  and SPY dropping
[14:43] {dino} breaking? breaking benjamine
[14:43] {fish_49} perhaps a breakout of .10 with stop of 94
[14:43] {nathan} ok ty
[14:45] {dino} oxy to .72
[14:46] {dino} to .77
[14:46] {dino} out oxy .79, +.24
[14:46] {fish_49} gj
[14:47] {nathan} nice dino!
01[14:47] {@Threei}  JPM getting inetersting
[14:47] {dino} thx
[14:47] {mojo1} gj dino
[14:47] {mojo1} was watching it
01[14:47] {@Threei}  one more leg down and will start looking for entry
[14:50] {ese} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzehhh hem  zzzzzzzzz huh......ah ah ya "gtat"...ya i got some a dat...........zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[14:59] {munky} fb looks to be rolling over here
01[14:59] {@Threei} Long Setup:  JPM  .10 break
01[14:59] {@Threei}  If holds  .05
01[15:05] {@Threei}  meh
[15:05] {fish_49} shorts will cover around .95 perhaps
[15:08] {munky} wow fb
[15:08] {munky} was thinkin sh off .10
[15:08] {ese} out gtat  .00 +.02  it was a good day......i'm up .02 eh....cya tomorrow
[15:08] {fish_49} later ese
[15:08] {ese} later fish
[15:09] {fish_49} Yea  FB  been ill all day
[15:09] {munky} s2 fb 66 .50
[15:09] {dino} cya fishy
[15:10] {dino} cya ese
[15:10] {dino} read that wrong fish, lol
[15:11] {fish_49} oh  I thought ese was finished and taking his .02  to the bank with an escort
[15:11] {dino} :)
[15:11] {munky} dinos hooker escort service?
01[15:12] {@Threei}  I guess these exchanges about escorts is why I start getting e-mails qith request to send photos of the room members... {GGG}
[15:13] {fish_49} lol
[15:13] {dino} "they pay you"
[15:13] {fish_49} I meant Police escort because of the .02 cents
[15:14] {dino} wow wlt from 140s to 7
[15:17] {RonS} bac merrill pt of $2 today wlt...
[15:19] {dino} remember trading it in the 80s on takeover spec a yaer or so ago
[15:19] {dino} year too
01[15:19] {@Threei} Long Setup:  YHOO  .85 break
01[15:19] {@Threei}  If holds  .80
[15:20] {nathan} have a good night guys!
[15:20] {fish_49} [15:05] {fish_49} shorts will cover around .95 perhaps JPM
01[15:20] {@Threei}  you top nathan
[15:21] {fish_49} Good Night Nat have a great eve
[15:21] {munky} u too nate
01[15:27] {@Threei}  SPY doesn't bounce
01[15:28] {@Threei}  C just has to find the bottom here somewhere
[15:29] {dino} nice top call earlier nemo
[15:30] {nemo} I wish I had ur quote from last week ;-)
[15:31] {dino} which one
[15:31] {nemo} about me and turning points
[15:31] {dino} you're good at picking them, no doubt
[15:32] {fish_49} Dino?
[15:32] {dino} yes?
01[15:32] {@Threei}  crap... missed C
[15:32] {fish_49} Dude  don't make his head swell
[15:32] {dino} lol
[15:32] {dino} ahc drop
[15:32] {nemo} this was pretty easy:  IWM double top at the weekly R1 at the same time spy was at the R1 and finnies at the R2
[15:37] {dino} you short it
[15:37] {dino} ?
[15:38] {nemo} u talkin' to me?
[15:38] {dino} yes
[15:38] {nemo} only small, the range been so tight today...no selling pressure anywhere
[15:39] {nemo} anybody no where max pain on spx/spy is?
01[15:39] {@Threei}  not really satisfied with today
01[15:39] {@Threei}  a few too many small stops
[15:40] {fish_49} Nemo says You talkin to me?
[15:40] {nemo} Op Ex Thursday
[15:40] {fish_49} https://www.youtube.com/watch?v=4e9CkhBb18E
[15:40] {nemo} good ole Travis
[15:41] {mojo1} gotta have bigger balzzz vad
01[15:41] {@Threei}  seriously?
[15:41] {dino} good day here, 5/5 at goal
[15:42] {nemo} mojo...wtf
[15:42] {dino} most likely done for today, unless something really pops or drops
01[15:42] {@Threei}  you know how many with big balls started this profession with me and during my time, and none are around?
06[15:42] * nemo smacks mojo with the edge of a cricket bat
[15:42] {fish_49} Ballz  exploded?
01[15:42] {@Threei}  there is a good saying
01[15:43] {@Threei}  most popular sign on the tomstone in the traders' cemetery: "he was a brave trader"
[15:43] {nemo} there are bold traders
[15:43] {nemo} and old traders
[15:43] {dino} i can say the same vad, bunch of people i started trading with, i'm only one left
[15:43] {munky} roflol
[15:44] {nemo} just no old, bold traders
01[15:44] {@Threei}  yup
[15:44] {fish_49} good point nemo
01[15:44] {@Threei}  that was about pilots originally
[15:44] {fish_49} Brings me back to what Dino said
[15:44] {nemo} each day fits different traders differently
01[15:44] {@Threei}  relates to traders fully
[15:44] {fish_49} Something Dino said I have read in many books but when he siad it, it sunk
[15:44] {dino} mojo; fortune favors the bold (and darkness lies one step ahead)
[15:45] {fish_49} " Ya gotta stay in the game"
[15:45] {nemo} you are mortal unexpectedly-and that goes for your trading account
01[15:45] {@Threei}  anyone who wants to take big risks and hope to hit big score, go ahead and try. Come back when you finance new account, and take it seriously necxt time
[15:45] {fish_49} not exact spelling but  put my  spin on it
[15:45] {dino} fish, RULE # 1: YOU MUST STAY IN THE GAME!
[15:46] {fish_49} I like my spin "Ya Gotta Stay in the Game"
[15:46] {fish_49} lol
[15:46] {dino} you want my rules?
[15:46] {munky} no please no
[15:46] {nemo} sit on it and spin fish
[15:46] {fish_49} Rule #1  you must stay in the game
[15:46] {fish_49} Rule #2  Dont break rule #1
[15:48] {fish_49} Finished trading Vad?
[15:48] {nemo} when hunting you can't shoot what ain't there
[15:49] {fish_49} are you there?
[15:49] {nemo} all, is one, I am everywhere
[15:49] {nemo} dork
[15:50] {dino} 1) you must stay in the game; 2) start at 9:45 or later; 3) remain calm, wait for set-ups; 4) capitulation drops & euphoric spikes are your edge; 5) don't think, just react to set-ups; 6) when set-up is there you must take it; 7) don't over trade, take an hour off to clear your head; 8) base hits are high % plays; 9) profits=luck; losses=skill; 10) discipline trumps conviction; 11) NEVER
[15:50] {dino} let opinions get in the way of making $$$; 12) ask yourself, what do you believe that isn't true.
[15:51] {fish_49} Ibelieve Nemo is a good guy
[15:51] {fish_49} but Not true
[15:51] {nemo} huh
[15:51] {dino} they are in frame above my trading computer, read the first thing every day
01[15:52] {@Threei}  I can only add 13:
01[15:52] {@Threei}  Going for a big kill is the surefire way to get killed big
[15:53] {dino} agreed
[15:53] {nemo} o.k. you shouldn't try to shoot what is not there
[15:53] {fish_49} that's better phrase Toad
[15:53] {thomcbell} agreed guys
01[15:53] {@Threei}  thank you all, see you tomorrow
[15:53] {nemo} but, you still can't shoot it, if it's not there
[15:54] {fish_49} good night Vad
[15:54] {fish_49} thanks
[15:54] {dino} obviously the capits/euphoric won't apply to most here. these are just what i've learned to understand as my "edge".
[15:54] {fish_49} OK toad  Good night
[15:54] {fish_49} Take care aall
[15:54] {dino} gn
[15:54] {nemo} weird guy...how do you hit a target, that's not there
[15:55] {dino} lol
[15:56] {dino} that oxy has been trading back and forth between 92.50-92.80 for 40 minutes now
[15:56] {dino} anyway, done. gn all
[16:00] {munky} ok, ty