Session Time: Thu Apr 16 00:00:00 2015
[09:13] {dino} gm
01[09:14] {@Threei} dino :)
[09:14] {drewj} Good Morning guys
01[09:18] {@Threei} drew :)
01[09:27] {@Threei} Upside:
01[09:27] {@Threei} -INVE +36% (partnered with CSCO to provide physical access systems for internet of everything)
01[09:27] {@Threei} -TZOO +18% (earnings)
01[09:27] {@Threei} -PNRA +13% (positive broker commentary)
01[09:27] {@Threei} -NFLX +12% (earnings)
01[09:27] {@Threei} -ROSG +8.5% received key patent allowance for cancer of origin diagnostic assay)
01[09:27] {@Threei} -CGIX +6.2% (received NYS licensure for FHACTcervical cancer test)
01[09:27] {@Threei} -PM +5.4% (earnings)
01[09:27] {@Threei} -RCPT +4.5% (reported positive results of Phase 2 TOUCHSTONE maintenance period trial of Ozanimod)
01[09:27] {@Threei} -SPWR +3.8% (China joint venture partners with Apple to provide solar power to the environmentally-preserved ABA region)
01[09:27] {@Threei} Downside:
01[09:27] {@Threei} -PTX -12% (guides Q1 Rev $32-35M, affirms FY Rev guidance)
01[09:27] {@Threei} -PCRX -9% (received subpoena from DoJ regarding EXPAREL marketing & promotional practices)
01[09:27] {@Threei} -SNDK -7.3% (earnings)
01[09:27] {@Threei} -CPLP -6.5% (hearing 12.8M shares priced at $9.53/shr)
01[09:27] {@Threei} -MTDR -6.3% (offering 7M shares)
01[09:27] {@Threei} -GPOR -2.2% (upsizes offering to 9.5M common shares at $47.75/shr)
[09:30] {jfjf64} Mornin all
01[09:30] {@Threei} jf :)
01[09:31] {@Threei} Short Setup: FB .50 break
01[09:31] {@Threei} If holds .60
01[09:31] {@Threei} Invalidated
[09:34] {jfjf64} Dal s. Here
[09:35] {jfjf64} 1:1
[09:35] {jfjf64} 1:2
01[09:36] {@Threei} Short Setup: MCD .30 break
01[09:36] {@Threei} If holds .40
[09:37] {jfjf64} Hit the bid mac
01[09:38] {@Threei} 1:1
[09:39] {jfjf64} Think we get to .95
01[09:41] {@Threei} Short Setup: FB .80 break
01[09:41] {@Threei} If holds .90
01[09:47] {@Threei} oh come on already
01[09:47] {@Threei} die while we are young
01[09:47] {@Threei} 1:1
01[09:47] {@Threei} finally
[09:48] {dino} pcrx smr l .85
[09:48] {dino} wide
01[09:51] {@Threei} 1:2
[09:52] {jfjf64} Chk .75 long
01[09:53] {@Threei} Long Setup: JPM .80 break
01[09:53] {@Threei} If holds .74
01[09:53] {@Threei} 1:3 FB
01[09:53] {@Threei} out
[09:53] {jfjf64} Ty
01[09:55] {@Threei} yw
[09:56] {jfjf64} Ace .40 long
01[09:57] {@Threei} 1:1 JPM
[09:57] {jfjf64} Chk invalid
01[10:05] {@Threei} visual: http://tradinglog.realitytrader.com/2015/04/apr-16-2015.html
01[10:09] {@Threei} wow FB
[10:12] {dino} pcrx stop
[10:13] {jfjf64} Ace 1:1
[10:14] {jfjf64} Small shares
[10:14] {dino} gj
[10:18] {dino} pcrx smr l .50
[10:19] {drewj} Long FB here?
[10:19] {drewj} Vad
01[10:20] {@Threei} not sure
[10:20] {drewj} not a bounce with a mini range?
01[10:22] {@Threei} more or less, but market is locked in a range
[10:23] {drewj} OK. So no market impulse to help follow through?
01[10:23] {@Threei} right
01[10:23] {@Threei} Short Setup: TWTR .20 break
01[10:23] {@Threei} If holds .30
[10:24] {drewj} So market impulse helps the probablity of setups working?
[10:25] {jfjf64} Flag in nice dino
01[10:25] {@Threei} those stocks that tend to follow the market
[10:26] {dino} pcrx first time rinsed
[10:27] {dino} drew, bingo
[10:27] {dino} damn that pcrx air gaps down
[10:27] {drewj} dino do you use market impulse in your system?
[10:27] {jfjf64} Yeah watchin
[10:28] {jfjf64} Looked like was going to sail up
[10:28] {dino} on fast capitulations and euphoric spikes
[10:28] {dino} on stocks that drop a few points over a few hours w/market dropping, yes. when market turns, they should turn
[10:29] {dino} correction; on fast drops/spikes, no
[10:29] {jfjf64} Twtr still valid vg correct
[10:29] {drewj} So you are timing stocks that move a lot with the market?
01[10:29] {@Threei} no
01[10:29] {@Threei} over .30
[10:30] {jfjf64} Fast push up
[10:30] {drewj} So dino is using stocks that move over .30?
[10:30] {drewj} sorry
[10:30] {dino} no, my bread and butter is the fast capitulation drops and fast euphoric spikes. they have nothing to do with market. my trading edge is i try to stay away from the "macro". i.e "better worlds"
[10:30] {drewj} wrong conversation
[10:30] {drewj} :)
[10:30] {jfjf64} Twtr short here
[10:30] {jfjf64} .35
[10:30] {jfjf64} ?
01[10:31] {@Threei} nah
[10:31] {dino} give me something moving 2 buck or more fast, i want to go opposite
[10:31] {drewj} ok
[10:32] {dino} 80% of my trades operating in their own "better" world, not market dependent
[10:32] {drewj} gotcha
[10:33] {drewj} how do you use options?
01[10:34] {@Threei} wow
01[10:34] {@Threei} got a few weeks, drew? :)
[10:34] {drewj} Actually
[10:34] {drewj} I do:)
[10:35] {dino} extrapolating on my capitulation/euphoria edge. stock crushed on decent news, i will buy calls 90 days out. stock spikes on ave news, puts 90. occasionally, i bet a market turn through vxx calls or puts on dia/spy/qqq
[10:35] {dino} now that you know all of this, you are set for termination
01[10:35] {@Threei} Long Setup: FB .20 break
[10:35] {dino} nhtc drop
[10:35] {drewj} Vad said he's going to kill me too
[10:36] {dino} lol
[10:36] {drewj} Violent room
[10:36] {dino} look nhtc
[10:36] {dino} 1.50 fast drop, very nice
01[10:36] {@Threei} If holds .15
[10:38] {dino} we are looking for a higher low nhtc
[10:38] {dino} 20.60 could be supp
[10:39] {jfjf64} Ace 1:2
01[10:39] {@Threei} 1:1
[10:39] {dino} gj
[10:39] {jfjf64} Ty
[10:39] {jfjf64} Go fb
[10:39] {jfjf64} Nice candle
[10:40] {jfjf64} Woke me up
[10:40] {dino} nhtc sm l .80
[10:40] {dino} stop is .49
01[10:40] {@Threei} 1:2
[10:41] {dino} stopped
[10:41] {dino} -.30
[10:42] {jfjf64} 21 matey support dino
01[10:42] {@Threei} drew, see how SPY spike took FB with it?
[10:42] {jfjf64} Maybe
[10:42] {jfjf64} Nope
[10:42] {dino} here comes that 20.60 i mentioned
[10:42] {jfjf64} Now dino
[10:42] {drewj} I see Vad
[10:43] {jfjf64} 21 break
[10:43] {jfjf64} Imo
[10:43] {jfjf64} Spread is tough dino
[10:44] {dino} sm l .50
[10:44] {dino} 20 strike into play
[10:44] {dino} pulp
[10:46] {jfjf64} Where stop fb
[10:46] {jfjf64} Vg
[10:46] {jfjf64} 1:3 ace
01[10:46] {@Threei} under .30
[10:47] {jfjf64} Ty sir
[10:47] {jfjf64} Very busy here
[10:47] {jfjf64} 1:4 ace
[10:48] {dino} jf, yeah hooker spread, but sm size could handle a .50 stop np (not that I want one)
[10:48] {dino} tightening, good sign
[10:48] {jfjf64} You in
[10:48] {dino} yes 20.50
[10:49] {jfjf64} Good boy
[10:49] {dino} i like quarter multiples
01[10:49] {@Threei} 1:3
01[10:49] {@Threei} out
[10:49] {dino} gj
[10:49] {jfjf64} Ty vg
[10:51] {jfjf64} ? Why did you leave vg I'm out also I see res at .55
01[10:52] {@Threei} it'll depend .SPY breaking .40
01[10:52] {@Threei} which is 50/50
[10:53] {dino} drew, you see market has no effect on this nhtc drop play
[10:53] {jfjf64} Ty sir
[10:54] {dino} out .90, +.40
[10:54] {drewj} Yup
[10:55] {jfjf64} Let's go ace
[10:55] {jfjf64} Breaks 200 ma
[10:56] {dino} tricked me, thought it would test 20.50 again
[10:56] {dino} maybe
[10:56] {jfjf64} 1:5 ace
[10:57] {jfjf64} Yo using ma for stop
[10:57] {jfjf64} 13 ma
[10:58] {dino} gj
[10:58] {dino} nhtc sm l .21
[10:58] {jfjf64} 112 hole number big res
[10:59] {dino} stop .99
[10:59] {dino} c'mon tighten up
[11:00] {drewj} Honestly Vad I am really sticking to learning your system. I do like to see how other people trade. I don't want to get confused by too many styles.
[11:00] {dino} drew, stick with vad
[11:00] {drewj} I am dino
[11:01] {dino} good, most don't see what i see
[11:01] {drewj} Your options plays are interesting to me.
[11:01] {dino} plus my style has hours of downtime, which gets boring
[11:01] {drewj} I have traded them for years and have had some success there.
[11:02] {dino} just started last june
[11:02] {dino} averaging about 3k/month on them
[11:03] {drewj} that's awesome
[11:03] {dino} lucky
[11:03] {drewj} doubtful
[11:04] {dino} some months negative, but overall up big
[11:04] {drewj} how much do you use on each trade?
[11:04] {dino} but i buy time, so it allows for swings
[11:04] {drewj} 90 days is plenty
[11:04] {dino} $3k max, always 5 contracts and up. simple math
[11:05] {dino} biggest is 20 contracts
[11:05] {drewj} do you have a time limit...like getting out with a certain time remaining?
[11:05] {dino} like to be out at 45 days prior to exp
[11:05] {drewj} futures or stocks?
[11:05] {drewj} ok
[11:05] {jfjf64} :6
[11:05] {dino} stocks
[11:06] {jfjf64} 1:6 ace
[11:06] {dino} stock options
[11:06] {drewj} how do you do your stop loss? on stock price?
[11:06] {jfjf64} Stop .95
[11:06] {dino} 50% contract price
[11:06] {drewj} really? ok
[11:07] {drewj} only buying options? No selling?
[11:07] {dino} only covered calls or puts, not naked
[11:08] {dino} but not often, i do not like holding stock overnight, has to be unique situation in my mind
[11:08] {drewj} like the end of a capitulation after bad news?
[11:08] {dino} yes. that is when i buy calls
[11:09] {drewj} you do calls more often than puts?
[11:09] {dino} yes
[11:09] {drewj} 80/20?
[11:09] {dino} bull market hurts puts
[11:09] {drewj} sure. they do change price faster though
[11:10] {drewj} volatility helps them
[11:10] {jfjf64} 1:7 ace
[11:10] {dino} stock trade wise i'm about 50/50
[11:10] {dino} nhtc, that was close
[11:10] {jfjf64} Stop 112
[11:10] {dino} jf awesome
[11:11] {jfjf64} Ty
[11:11] {jfjf64} Looks over will see
[11:13] {dino} pcrx stop flat, hmmm
[11:16] {jfjf64} Aet pop
[11:17] {dino} anac spike
[11:17] {jfjf64} 1:8 ace
[11:17] {jfjf64} Stop .12
06[11:17] * dino slaps jfjf64 around a bit with a large trout
[11:17] {dino} :)
[11:19] {jfjf64} All out
[11:19] {jfjf64} Ty
[11:19] {dino} cybr drop
[11:20] {jfjf64} Nhtc
[11:20] {dino} in it
[11:20] {jfjf64} Oh good
[11:21] {jfjf64} Price
[11:21] {dino} 20.21
[11:22] {dino} posted above
[11:23] {dino} sage at it again, 2ndary yesterday at 52.50 and it goes up 10 pts off it
[11:23] {dino} maybe puts on that drew
[11:25] {dino} out .50 nhtc +.29. meeting in 30, gotta hop for hour or so
[11:26] {jfjf64} Good job
[11:27] {jfjf64} Vxxvg
01[11:28] {@Threei} that's weird symbol
[11:28] {dino} ty
[11:28] {jfjf64} Lol
01[11:39] {@Threei} Spiking Greek government debt yields and CDS prices reflected renewed fears of a sovereign default by Greece and forced European equity indices lower this morning.
[11:47] {jfjf64} Gonna grab bite to eat
[11:48] {jfjf64} Maybe big mac
01[11:51] {@Threei} Long Setup: ETSY .60 break hl
01[11:52] {@Threei} Invalidated
01[11:59] {@Threei} Long Setup: ETSY .40 break hl
01[11:59] {@Threei} If holds .25
01[12:00] {@Threei} 1:1
01[12:01] {@Threei} 1:2
[12:46] {dino} .
[12:46] {dino} might have just sold that house that the deal fell apart on this past monday
01[12:47] {@Threei} wow
01[12:47] {@Threei} financing came through?
01[12:47] {@Threei} or a different buyer?
[12:47] {dino} different buyer, yeah, shocked me too, offered cash no financing 20 day close, only 3k lower than i wanted. think i will take it and move on to another
01[12:48] {@Threei} nice, congratulations
[12:48] {dino} ty
[12:49] {drewj} Yeah good for you...
[12:50] {dino} ty, got lucky
[12:50] {drewj} You are one lucky dude:)
[12:50] {dino} sometimes you make your luck, ;)
[12:51] {drewj} Most of the time
[12:51] {dino} yes
[12:51] {drewj} You in any options plays right now?
[12:52] {dino} a few
[12:53] {cosmo} before you can be lucky, you gotta be good
[12:53] {cosmo} Coach Steve Fisher
[12:54] {dino} wow pcrx dropped 4 bucks while i was away
[12:55] {drewj} Do you mind telling me which ones you are in?
[12:56] {dino} june 25 vdsi, gern jan 3, lc, jul 21
[12:56] {dino} shld jan 47
[12:57] {dino} ll aug 35
[12:57] {drewj} thanks
[12:57] {dino} don't trade them because i did, due your homework
[12:57] {dino} do
[13:00] {drewj} I won't dino. I do want to figure out how you trade them though.
[13:06] {dino} not sure it will make sense, some of its gut
[13:07] {dino} but wondering if sage is ready for son puts (altho bios can be crazy)
[13:08] {dino} some
[13:09] {drewj} what is the max you will go for spread on options? Most are fairly wide.
[13:15] {dino} depends
[13:23] {drewj} Dino do you buy in the money or out of the money?
[13:23] {dino} mostly itm
01[13:30] {@Threei} be back in 30
[13:30] {dino} gotta hop for hour again, collecting 10% deposit
[14:19] {dino} .
01[14:27] {@Threei} back?
[14:29] {dino} yes
[14:31] {drewj} spy took off
01[14:37] {@Threei} Long Setup: FB .45 break
01[14:37] {@Threei} If holds .35
01[14:43] {@Threei} stop to .39
[14:46] {dino} dumb mistake, forgot to cx pcrx call order, i'm in them
01[14:47] {@Threei} now it has to take it as a great confidence and try to rise to occasion
[14:48] {dino} drew, these are the may 85s
[14:48] {dino} forgot order was open when went to show that house
[14:48] {drewj} would you rather have cancelled it?
[14:49] {dino} not now, .20 itm on the bid
[14:49] {dino} should've cx'd it tho, stupid mistake
[14:50] {dino} lol, just sold 5.20, +1.20 on 5 calls, or 30%
[14:50] {dino} i should play the lottery today
[14:51] {drewj} Looks like PCRX got in trouble with the government
01[14:51] {@Threei} 1:1
[14:52] {dino} investigation only at this point in time
[14:52] {dino} nhtc odd
[14:57] {drewj} enough to cause a drop in PCRX anyway
[14:58] {dino} usually they do drop hard, but at investigation only point they usually recover most of the drop the same day or two
[14:58] {dino} keep you eye on it tomorrow
[15:00] {drewj} so you need to get out before they are found guilty:)
[15:02] {dino} this investigation will most likely take months
[15:02] {jfjf64} How was afternoon
[15:03] {jfjf64} Bad connection here
01[15:03] {@Threei} 1:1 on FB
01[15:03] {@Threei} still on
[15:05] {drewj} So are trying to enter your options order at the end of capitulation move?
[15:07] {dino} yes
[15:07] {jfjf64} Has .20 break
[15:08] {dino} drew, when i entered my order, the bid was 3.70, ask 6.20, i entered 4.00
[15:09] {dino} panic widens them
[15:13] {drewj} So you offer on the lower side of the bid hoping that someone will take it?
[15:14] {dino} bingo
[15:14] {jfjf64} Has 1:1
[15:24] {jfjf64} Little hit
[15:27] {jfjf64} Dal s 45 break
[15:29] {drewj} Got to go. Have a great day.
[15:29] {dino} cya
01[15:29] {@Threei} take care drew
[15:29] {drewj} Thanks for the input dino. Hope it wasn't too much.
[15:29] {drewj} You too Vad.
[15:29] {dino} np
01[15:31] {@Threei} Long Setup: VXX .60 break
01[15:36] {@Threei} meh
01[15:43] {@Threei} OK guys, done for the day. Nice morning, boring afternoon
[15:46] {jfjf64} Gn ty
[15:47] {dino} me too, gn all
