Session Time: Mon Aug 25 00:00:00 2014
[09:02] {dino} gm
01[09:02] {@Threei} dino :)
[09:03] {nemo} SPY clear sailing to 202
[09:10] {nemo} IWM looks short
01[09:11] {@Threei} too narrow to tell
01[09:11] {@Threei} gap-b-stall in progress
[09:11] {nemo} yes
01[09:11] {@Threei} b=n
[09:11] {nemo} notice I said "looks" and not "is"
[09:12] {nemo} Yeah...Wile...E...Coyote moment...gap up wondering if it just ran off the cliff
[09:13] {dino} everybody expecting big drop, gut says up
[09:14] {nemo} nothing overhead
[09:14] {nemo} 202
01[09:14] {@Threei} I concur
01[09:14] {@Threei} this is 2000 all over again
[09:15] {nemo} I'm not sure about that...those were all vapor stocks
[09:15] {nemo} "it's about eyeballs"
01[09:15] {@Threei} doesn't matter... similarity is - market goes up forever, and everyone expects big drop,
[09:15] {dino} feels like it 3i, wants 20k
[09:16] {nemo} yeah...we haven't hit euphoria
01[09:16] {@Threei} and it doesn't come untuil common knowledge becomes "it never will"
[09:16] {nemo} interesting how SNDK hasn't recovered
01[09:16] {@Threei} tv clowns like Cramer start proclaiming new era
[09:16] {nemo} Ahh yes....The Rapture
[09:18] {troub} good morning
01[09:19] {@Threei} troub :)
01[09:19] {@Threei} Upside:
01[09:19] {@Threei} -OSIS +5.5% (earnings)
01[09:19] {@Threei} -ITMN +36% (to be acquired by Roche @$74/shr in all cash deal)
01[09:19] {@Threei} -BKW +15% (in talks to acquire Tim Hortons)
01[09:19] {@Threei} -THI +15% (in talks w/BKW for potential acquisition)
01[09:19] {@Threei} -X +3.5% (Credit Suisse raises to Outperform from Underperform)
01[09:19] {@Threei} -DGLY +18% (follow thru momentum from Ferguson riots)
01[09:19] {@Threei} -ANN +3% (shareholder Engine Capital believes company could be worth up to $55/shr)
01[09:19] {@Threei} -GIMO +4.7% (announced collaboration w/VMWare NSX and Software-Defined Data Center)
01[09:19] {@Threei} -INSY +6.1% (receives FDA Orphan Drug Designation for
01[09:19] {@Threei} -ADXS +4.6% (announced advanced prostate cancer collaboration agreement w/Merck)
01[09:19] {@Threei} -TOPS +6.4% (announced extended charter and increased rate for M/T EShips Taweelah)
01[09:19] {@Threei} -LTM +9% (exploring REIT conversion)
01[09:19] {@Threei} Downside:
01[09:19] {@Threei} -QIHU -4.2% (earnings)
01[09:19] {@Threei} -GEF -10% (guides FY14 lower)
01[09:19] {@Threei} -RGDO -43% (permanently halts Regulate-PCI Phase III clinical trial for Revolixys Kit)
[09:23] {nemo} IWM looking short
[09:23] {nemo} spy coming in
[09:30] {ese} morning
[09:31] {ese} walking a picket line in an hour and a half
01[09:31] {@Threei} Long Setup: TWTR 46 break
[09:31] {nemo} why don't u get there early to get a good spot
[09:31] {ese} lol
01[09:31] {@Threei} ese :)
[09:31] {ese} good one nemo
01[09:31] {@Threei} If holds .90
01[09:32] {@Threei} no resultion in sight I take it, ese?
[09:33] {ese} not yet....but Vince Ready apparently will be mediating now.....he's one of the best in the country
01[09:35] {@Threei} a lot of selling in SPY
[09:35] {nemo} tested this side of 200
[09:35] {mib_stillstanding} TWTR l 46.01
01[09:35] {@Threei} stop to .94
01[09:35] {@Threei} 1:1
01[09:36] {@Threei} know what to do mib?
[09:38] {mib_stillstanding} stop to .99 ?
01[09:39] {@Threei} partial first
01[09:39] {@Threei} and yes, trail stop
[09:41] {mib_stillstanding} trail was supposed to be where?
01[09:42] {@Threei} when 1:1 was hit...
01[09:43] {@Threei} we partial and trail
01[09:43] {@Threei} SOP, remember?
01[09:43] {@Threei} instructions on the trading room page
[09:43] {mib_stillstanding} higher up than .99? trail by .10 or .11?
[09:43] {mib_stillstanding} ok
01[09:44] {@Threei} *(US) AUG PRELIMINARY MARKIT SERVICES PMI: 58.5 V 58.0E
01[09:44] {@Threei} Long Setup: FB .10 break
01[09:45] {@Threei} If holds 75
01[09:45] {@Threei} (US) Major US banks said to be planning to meet with the US treasury over the coming months to discuss cyber threats - financial press - Aims discussion related to how to fight off cyber attacks
01[09:49] {@Threei} let's trail to .04
01[09:49] {@Threei} not liking slowdown
[09:52] {dino} qihu sm l .76
06[09:53] * @Threei kicks FB in the rear
01[09:54] {@Threei} meh
01[09:58] {@Threei} (US) Preview: July New Home Sales expected at 10:00 ET (14:00 GMT) - Consensus expectations: 429Ke v 406K prior
01[09:59] {@Threei} Short Setup: C .90 break
01[09:59] {@Threei} *(US) JULY NEW HOME SALES: 412K V 429KE
01[09:59] {@Threei} If holds .95
01[10:00] {@Threei} noper
[10:01] {dino} qihu stop .49 -.27
[10:01] {mib_stillstanding} i shorted and got out
[10:01] {nemo} banks still celebrating that get out of jail card free from last week
[10:07] {nemo} not a single weak stock on the algo
01[10:08] {@Threei} Short Setup: SLW .50 break
01[10:08] {@Threei} If holds .60
01[10:14] {@Threei} C rinse
01[10:14] {@Threei} bastard
[10:17] {mib_stillstanding} still in?
01[10:17] {@Threei} in what?
[10:17] {mib_stillstanding} SLW
01[10:17] {@Threei} of course
01[10:17] {@Threei} why not
[10:18] {mib_stillstanding} stop move?
01[10:18] {@Threei} not yet
01[10:19] {@Threei} C, right idea, too tight stop
01[10:21] {@Threei} S&P 500 moves above 2000 for the first time
01[10:21] {@Threei} stop to .56 now
01[10:22] {@Threei} ugh
[10:24] {nemo} IWM short
[10:25] {nemo} looking for them to check the other side of the spy range
[10:30] {mib_stillstanding} no clear trend. not enough volatility.not good to trade breakouts. 2 cents.
01[10:30] {@Threei} *(US) AUG DALLAS FED MANUFACTURING ACTIVITY: 7.1 V 12.8E
[10:34] {dino} pzza drop
[10:35] {ese} that didn't efect the mrkt at all those Man..numbers
[10:36] {nemo} Draghi last week and the bank get out of jail card
[10:36] {nemo} we're going up especially in a low volume week like this
[10:36] {ese} lol
[10:36] {nemo} I'm out of iwm
[10:42] {dino} grub drop
[10:43] {dino} grub sm l .51
[10:44] {dino} out grub .00, +.49
[10:44] {dino} too soon
[10:46] {troub} wtg dino
[10:48] {dino} ty
01[11:03] {@Threei} Short Setup: CAT .10 break
01[11:03] {@Threei} If holds .15
01[11:04] {@Threei} Invalidated
01[11:09] {@Threei} Long Setup: VXX .40 break
01[11:09] {@Threei} If holds .35
01[11:17] {@Threei} I hate augiust
[11:18] {mib_stillstanding} i hate all months
01[11:18] {@Threei} I don't
01[11:19] {@Threei} august is the only exception
[11:19] {cosmo} April is the worst...
01[11:19] {@Threei} with July running close second
[11:19] {dino} april was good
[11:19] {nemo} I'm not partial to days that end in "y"
[11:30] {mib_stillstanding} away
01[11:41] {@Threei} Short Setup: BKW .70 break hl
01[11:42] {@Threei} If holds .80
01[11:44] {@Threei} ./i
01[11:44] {@Threei} Invalidated
01[11:56] {@Threei} Short Setup: JPM .80 break
01[11:57] {@Threei} If holds .85
01[11:58] {@Threei} C started descent, good chance JPM will follow the suit
01[12:06] {@Threei} ideally, SOY loses .40, C - .80, then JPM hit's 1:1
01[12:06] {@Threei} SPY
01[12:06] {@Threei} hits
01[12:06] {@Threei} jeez, my typing...
01[12:07] {@Threei} 1:1
01[12:07] {@Threei} even better
01[12:07] {@Threei} C breakdown should send JPM lower yet
01[12:10] {@Threei} cover 1/4 more here
01[12:10] {@Threei} stop .76
01[12:13] {@Threei} .71 now
01[12:15] {@Threei} 1:2
01[12:17] {@Threei} stop for the remaining 1/4 to .66
01[12:17] {@Threei} lwt's choke it
01[12:23] {@Threei} Russian tanks cross border, open new war front in Ukraine
01[12:33] {@Threei} 1:3
01[12:33] {@Threei} out
01[12:34] {@Threei} happy
01[12:37] {@Threei} 1:4
01[12:44] {@Threei} time for reversal
01[12:46] {@Threei} Long Setup: JPM .40 break
01[12:46] {@Threei} If holds .34
[12:47] {nemo} Q: What are the three most common words in the English language? A: Made in China.
01[12:47] {@Threei} sad
[12:49] {mib_stillstanding} isnt jpm forming bear flag i.e. should be shorted below?
[12:50] {nemo} fade it then
[12:50] {nemo} look at indexes
[12:50] {nemo} if it doesn't go up with indexes u r right
01[12:50] {@Threei} that's what triggers are for
01[12:50] {@Threei} if it doesn't break .40, it's not a long play
[12:50] {nemo} I like mine set around 2 lb. pull
01[12:51] {@Threei} Invalidated
[12:51] {nemo} indexes looking short
01[12:51] {@Threei} and any invadilation can be looked as as fading the setup
[12:51] {nemo} was it Chaeron that loved fading ur setups?
01[12:52] {@Threei} yep, that was his specialty
01[12:52] {@Threei} he skipped all that triggered and took all that invalidated
01[12:52] {@Threei} did pretty good too
[12:52] {mib_stillstanding} what happened to him
[12:52] {nemo} yeah, well, when you're the underworld's boatkeeper, I would think shorting would fit ur nature
01[12:52] {@Threei} nothing, good and well
01[12:53] {@Threei} now and then drops by to say hello
[12:53] {mib_stillstanding} in the room?
01[12:53] {@Threei} yes
[12:53] {mib_stillstanding} he pays monthly fee just to drop in once in a while?
01[12:54] {@Threei} I have to say, you ask the wierdest questions I';ve ever got from a trialer, lol
[12:55] {mib_stillstanding} i am a wierd person. not a reasonable question?
01[12:55] {@Threei} no
01[12:55] {@Threei} other person's financial considerations are not mine to discuss with third parties
[12:55] {nemo} who Vad lets in and when is his business,no?
01[12:56] {@Threei} just as you probably wouldn't want me to discuss yours with someone else
[12:58] {dino} surprised he still lets me in
01[12:58] {@Threei} don't be
[12:58] {mib_stillstanding} if i ask wierd question feel free not to answer...
01[12:58] {@Threei} I experience childhood love and admirsation for T-Rex
[12:59] {nemo} the animal or the group
01[12:59] {@Threei} but then you'll complain that I ignore you :)
[12:59] {mib_stillstanding} but of course.
01[12:59] {@Threei} see? I can't win :)
[13:00] {mib_stillstanding} i know the feeling. have been trying to figure trading out for 35 years
01[13:01] {@Threei} should have come here earlier
[13:02] {mib_stillstanding} worked for a salary. all losing days. but got paid at least.
[13:03] {dino} qihu sm l .97
[13:04] {mib_stillstanding} for you latest JPM buy signal, why fade the JPY downtrend?
[13:04] {mib_stillstanding} your
01[13:04] {@Threei} JPM fade works
01[13:04] {@Threei} every trend reverses sooner or later, no?
01[13:04] {@Threei} it's simply a matter of triggers
01[13:04] {@Threei} which side triggers first
01[13:05] {@Threei} long or short
01[13:05] {@Threei} odds were on a long side, so I called that, but short was still valid
01[13:05] {@Threei} you had your triggers, if you saw it as short - your treade was properly structured for you,
01[13:05] {@Threei} short ,.34 break with stop above .40
[13:05] {nemo} spy testing lows
[13:06] {mib_stillstanding} the trend not your best friend anymore? why try a contratrend trade?
01[13:06] {@Threei} didn't I answer it above?
[13:07] {mib_stillstanding} but wouldnt you be better off to only take triggers in the diirection of the JPM trend?
01[13:08] {@Threei} I am lost
[13:08] {nemo} judgement
01[13:08] {@Threei} both are valid trades
[13:08] {nemo} it's probability not certainty,
01[13:08] {@Threei} I give you triggers and the direction of better odds
[13:08] {nemo} after such a drop from highs Vad was thinking bounce
[13:08] {nemo} if it didn't bounce and goes through support, play it short
[13:08] {nemo} adaptability, flexibility
01[13:09] {@Threei} over 40 cents drop, for the stock with today's range 80 cents
01[13:09] {@Threei} you don't think bounce should be in cards, especially during August swamp when trends are simply not there?
[13:10] {_biotrader} is this a trading room?
01[13:10] {@Threei} hmmm
[13:10] {dino} yes
01[13:10] {@Threei} what do you think we are discussing? :)
[13:11] {_biotrader} ok thanks
01[13:12] {@Threei} you've seen the JPM short call, biotrader?
[13:13] {_biotrader} yes that was a good call
01[13:14] {@Threei} cool... thought you might have missed it, since you asked wether it was trading room :)
[13:17] {dino} out qihu .27, +.30
01[13:17] {@Threei} wtg
[13:18] {dino} ty
01[13:18] {@Threei} watching IWM for pullback entry
01[13:25] {@Threei} got away
01[13:25] {@Threei} wanted it under .50
[13:30] {nemo} this bearish resistance for SPY
[13:31] {nemo} iwm stays above .70 bullish
01[13:44] {@Threei} drop under .50 would still be interesting for double bottom
01[13:44] {@Threei} WMT Reportedly introduces their chip enabled Mastercard (related MA V)
01[13:53] {@Threei} biotraders are multiplying?
01[13:54] {@Threei} one is enough :)
[13:54] {_biotrader2} lol
01[13:54] {@Threei} :)
[13:55] {mib_stillstanding} IWM l 115.71
[13:58] {mib_stillstanding} IWM out at 115.79 +.08
01[13:58] {@Threei} nice scalping footwork
01[13:59] {@Threei} Long Setup: EBAY .55 break
01[13:59] {@Threei} If holds .45
[14:05] {mib_stillstanding} IWM l .78 out .72 -6
01[14:05] {@Threei} change EBAY to .45 break
01[14:05] {@Threei} If holds .39
[14:09] {mib_stillstanding} EBAY l .46
01[14:18] {@Threei} feels like failure
[14:18] {mib_stillstanding} i know the feeling well...
01[14:20] {@Threei} man, are you ever pessimistic
[14:20] {mib_stillstanding} 90% of traders fail. why should I not be?
01[14:21] {@Threei} you enter profession with intention to be among failing?
01[14:21] {@Threei} why would you enter it at all then?
01[14:21] {@Threei} this is the same pecrcent that any business shows
01[14:21] {@Threei} don't go in entrepreneurship then
01[14:22] {@Threei} here is better question for you to ponder on
01[14:22] {@Threei} do you believe there is any chance in hell to succeed while being dead set on failure}?
01[14:23] {@Threei} there is 10 % that make it. Why not aim to become one of them?
01[14:23] {@Threei} if you can't do that, don't waste your time and money, look for something else to do
[14:24] {mib_stillstanding} I am trying but have not found any confidence yet to trade with real money and wont until I at least think I can be successful.
01[14:25] {@Threei} well, you sure are trying hard to convince yourself that you won't
01[14:25] {@Threei} and guess what... whether you think you can do it or not, you are right
[14:26] {mib_stillstanding} so the 90% all thought that they couldn't?:)
01[14:26] {@Threei} may I offer you a mental experiment?
01[14:26] {@Threei} no, but none of 10 % did
[14:26] {mib_stillstanding} yes!!
01[14:26] {@Threei} here goes
01[14:27] {@Threei} Envision a foot wide board laying down on the ground. Can you walk it not falling on the ground?
[14:27] {mib_stillstanding} yes
01[14:28] {@Threei} Now envision this same board, 100 ft high in the air. Can you walk it?
01[14:28] {@Threei} no wind, board is rock solid
[14:29] {mib_stillstanding} wouldnt want to try
01[14:29] {@Threei} and if you did, chances are...?
[14:30] {mib_stillstanding} depending on length of board, theres a good chance I would fall
01[14:30] {@Threei} right
01[14:30] {@Threei} so, what changed?
01[14:30] {@Threei} same board
01[14:30] {@Threei} same width
01[14:30] {@Threei} nothing external pushes you off the board
01[14:30] {@Threei} yet your muscle would go rigid,
01[14:30] {@Threei} you balance would have been off
01[14:31] {@Threei} legs would be shaking
01[14:31] {@Threei} what changed?
01[14:32] {@Threei} need help?
[14:33] {mib_stillstanding} awareness of consequences of falling changed.
01[14:33] {@Threei} very correct,
01[14:33] {@Threei} price of mistake changed, rising drastically,
01[14:33] {@Threei} and that brought fear
01[14:33] {@Threei} and fear resulted in this paradox:
01[14:34] {@Threei} ot made that same outcome which caused the fear more likely.
01[14:34] {@Threei} Back to trading... same thing happens
01[14:34] {@Threei} Your negative mindset kills your chances for a positive outcome
01[14:35] {@Threei} and foreseeing your next question,
01[14:35] {@Threei} no, positive mindset doesn't guarantee positive outcome,
01[14:35] {@Threei} but negative mondset gurantees that positive outcome will not come
01[14:36] {@Threei} That's why there are no pessimists among 10%
01[14:36] {@Threei} even thought there are optimists among 90.
01[14:36] {@Threei} Hope this makes sense to you
[14:37] {mib_stillstanding} isnt a lot of trading being made by computers who dont have any emotion?
[14:37] {nemo} yep
[14:37] {nemo} but they're programmed by humans who do
01[14:38] {@Threei} it doesn't matter at all
01[14:39] {@Threei} how do those computers prevent you from profiting?
01[14:39] {@Threei} I hear this computer scary tales for about a decade, and we did quite well in the meanhtime
[14:39] {mib_stillstanding} they have no fear or greed...
01[14:39] {@Threei} while those who talk about it just use it as an excuse for their losses
01[14:39] {@Threei} so what?
01[14:40] {@Threei} setup remains a setup
01[14:40] {@Threei} chart remains a chart
01[14:40] {@Threei} you think those programs do not lose money?
[14:40] {mib_stillstanding} and the 90% dont know about the setups.
01[14:40] {@Threei} a few years ago Goldman Sachs shut down their elite fund
01[14:40] {@Threei} run mostly by program trading
[14:41] {mib_stillstanding} happy to hear it.
01[14:41] {@Threei} think because of grest profits they've made? :)
[14:43] {mib_stillstanding} i believe there are programs on the bid and ask in most spreads on the indexes like SPY
01[14:43] {@Threei} so?
01[14:43] {@Threei} what do they have to do with your trading?
[14:46] {mib_stillstanding} nothing. it's the 90% stat that scares me...
01[14:47] {@Threei} OK... name me one thing where 90% is successful
[14:48] {mib_stillstanding} plumbers,electricians,
[14:48] {nemo} definitely not marriage
01[14:49] {@Threei} so, those who simply work by isntructions
[14:49] {mib_stillstanding} marriage only 85% successful
01[14:49] {@Threei} trading is definitely not that
[14:50] {nemo} marriage is almost 70% unsuccessful
01[14:50] {@Threei} it's much closer to entrepreneurship than to a trade kind of job
01[14:50] {@Threei} if that puts you off, then trading is not your field
01[14:51] {@Threei} Short Setup: GDX .70 break
01[14:51] {@Threei} If holds .75
01[14:52] {@Threei} scalp only most likely
01[14:59] {@Threei} Long Setup: IWM .70 break
01[14:59] {@Threei} If holds .60
[15:00] {dino} mib_ regarding the computers trading, there are better worlds
[15:00] {dino} trade where they are not
[15:05] {nemo} or as Yoda would say, "Go where they not be."
[15:06] {dino} lol
01[15:06] {@Threei} Yoda-speak your strong suit isn't
01[15:06] {@Threei} would say Yoda: Go where they be not
[15:06] {nemo} stones and glass houses Vad
[15:06] {dino} of course that argument could be used against computers, as they trade against each other, zero sum game
01[15:07] {@Threei} let's trail to .64
01[15:07] {@Threei} not liking how it behaves
01[15:07] {@Threei} should have been testing .80 break by now
[15:07] {nemo} they look short now, but this 200.10 level very sticky
[15:08] {nemo} on spy
01[15:08] {@Threei} yup
[15:08] {dino} mib_ in all seriousness, you are have taken trial membership in the dullest month of the year. my advice, buy september and get a feeling for how this gig really works. somthing tells me it will open your eyes
[15:08] {nemo} I concur...trialling in the Summer is not a fair representation
01[15:09] {@Threei} not only that, it was the dullest August in at least 5 years
[15:09] {nemo} since 2007
01[15:09] {@Threei} remember how nemo always tries to scare us about dull august, and we always prove hom wrong?
01[15:09] {@Threei} well, this year he was right
[15:09] {mib_stillstanding} so wouldn't the next logical approach to trial in September?
[15:09] {nemo} No
01[15:09] {@Threei} (pains me to admit)
[15:09] {nemo} you trialed
01[15:10] {@Threei} IWM, take half out
06[15:10] * nemo gets out taser
[15:10] {dino} next logical step is to read ttr before september trading starts
[15:10] {nemo} and 111 trades
[15:10] {dino} will only take a few hours
[15:10] {nemo} then there's the Taoist Trader
[15:11] {nemo} and then to break it up, may I suggest Nabokov
01[15:11] {@Threei} why, mib? Trial is to find out whether we know what we are doing. On top of that, there are years and years of trading log published on website. You still haven't made up your mind about that?
[15:11] {nemo} plus...with a little luck, our favorite comic foil comes back in September
[15:11] {mib_stillstanding} and all guaranteed as well i believe
01[15:11] {@Threei} what guaranteed?
[15:12] {dino} after that is complete, i suggest a law of attraction book. attitude must change or you simply guarantee your failure.
01[15:12] {@Threei} that's guarantee, yes :)
[15:12] {dino} trading is not "easy" to learn, its a process, otherwise everybody would be a trader.
01[15:12] {@Threei} ok IWM, take .80 please
[15:12] {nemo} finnies weak
[15:13] {mib_stillstanding} any surgery available for attitude change:)
[15:13] {mib_stillstanding} whats guaranteed?
01[15:13] {@Threei} with 2x4, yes
01[15:13] {@Threei} endowed with rusty nails
01[15:13] {@Threei} pointy ends out
[15:13] {nemo} the beatings will continue until morale improves
[15:13] {dino} guaranteed failure, if you expect to fail. law of attraction
[15:14] {mib_stillstanding} a few rusty nails and I always feel better
[15:14] {nemo} not with kurare on them you won't
[15:15] {mib_stillstanding} i'm married. i'll take the one with kurare
[15:15] {nemo} smart man
[15:15] {dino} but the bottom line is, you must believe in yourself. failure cannot be an option. otherwise, save yourself some $ and do something else
[15:15] {nemo} get divorced
[15:16] {dino} a million ways to trade, figure out yor "edge". enough said. good luck
[15:17] {mib_stillstanding} isn't there always around a 50/50 chance of a 1:1 move?
[15:18] {dino} no, you must think in terms of probabilities
[15:19] {dino} if your way of reasoning was correct, there would be no use for candles, head/shoulders, cup/handles, etc
[15:20] {dino} probabilities/probabities/probabilities
[15:20] {mib_stillstanding} there may not be...
01[15:20] {@Threei} stop to .68
01[15:20] {@Threei} lol, really?
01[15:20] {@Threei} what is it we are making money on all these years?
[15:21] {dino} i play mainly intra-day capitulations and euphoric spikes. why? probabilities say they will reverse intra-day
01[15:25] {@Threei} come on IWM, do it
[15:28] {troub} Don't forget poor little EBAY.
[15:28] {mib_stillstanding} did i get kicked out?
01[15:29] {@Threei} [15:24] * mib_stillstanding (Mibbit@jas-6272009E.nwrknj.fios.verizon.net) Quit
01[15:29] {@Threei} if you were kicked out, you wouldn't be able to rejoin
[15:30] {mib_stillstanding} admit it. The thought has crossed your mind.
01[15:30] {@Threei} you still in EBAY. troub?
01[15:30] {@Threei} gish... why would it
[15:30] {dino} lool
[15:30] {dino} lol
01[15:30] {@Threei} tomorrow when your trial ends, it will {G}
[15:31] {nemo} crossed my foot
[15:31] {nemo} crossed my scope too
[15:31] {mib_stillstanding} you mean until the trial again in september right?
[15:31] {troub} yea, stp at .38 and see if it will ever wake up
01[15:32] {@Threei} what trial in september?
[15:32] {mib_stillstanding} prob is everyone knows about that stop
01[15:32] {@Threei} 15:11] {@Threei} Trial is to find out whether we know what we are doing. On top of that, there are years and years of trading log published on website. You still haven't made up your mind about that?
[15:33] {nemo} smelling spy vwap run
[15:34] {mib_stillstanding} too many losing and unprofitable trades this slow week. would have been nice if more winners were had.
[15:35] {dino} why a prob about everyone knows about that stop???? a stop is a stop, who cares who knows. change the attitude am open yuor eyes. shit happens, who cares why, it just does. this is trading. things happen, you ar supposed to react
01[15:36] {@Threei} read the log for years back
[15:36] {nemo} yep
01[15:36] {@Threei} don't demand that we prove yourselves to you
01[15:36] {@Threei} we exist from 2000
01[15:36] {@Threei} I trade from 1996
01[15:36] {@Threei} think we don';t know what we are doing?
01[15:37] {@Threei} ok IWM
01[15:37] {@Threei} time to run
[15:38] {nemo} should make .87
[15:41] {dino} fwiw mib- i have been trading here for 7 years. its a no b.s. room. 3i knows his stuff as do alot of the other guys here. but nobody knows what will happen and why with 100% accuracy. the sooner you understand that the better. then use probabilities. certain "x" moves will result in a "y" move 60% or more of the time, etc. stop overthinking, get a positive attitude, and open your mind.
01[15:41] {@Threei} where is "like" button?
[15:41] {nemo} well, tagged .86 spy at vwap
01[15:42] {@Threei} should break...
01[15:43] {@Threei} stop to .74, time becomes an issue
[15:45] {dino} dkl drop
[15:47] {dino} damn, missed it
[15:48] {nemo} it's Monday
01[15:48] {@Threei} troub, I guess it's time to scratch EBAY
[15:49] {troub} seems so.
01[15:49] {@Threei} closing IWM
01[15:49] {@Threei} done on that, thank you all
01[15:49] {@Threei} have a good evening, see you tomorrow
[15:51] {dino} gn 3i
