Apr 22 2015

Back to our winning streak. Nice day with a lot of good juicy trades, and some phenomenal one (OCR caught by members both ways, long and short). There were also interesting educational discussions so make sure to read the log.


Session Time: Wed Apr 22 00:00:00 2015
[09:00] {dino} gm
[09:00] {drewj} morning fellas
01[09:02] {@Threei}  dino, drew :)
[09:11] {drewj} big jump on asml dino
[09:15] {dino} aec spike
[09:16] {dino} buyout 28.75
[09:16] {drewj} what's your minimum dollar move?
[09:19] {dino} uri interesting
[09:19] {dino} drew, you asking me?
[09:19] {drewj} I was
[09:20] {dino} don't have one, depends on stock price, % move more accurate
[09:20] {dino} uri bg beat
[09:21] {dino} oii blood
01[09:23] {@Threei}  Upside:
01[09:23] {@Threei}  -GBSN +39% (received FDA 510(k) clearance for Group B Strep Molecular Diagnostic test)
01[09:23] {@Threei}  -ONVO +20% (disclosed entry into multi-year research collaboration agreement with Merck Sharp & Dohme Corp)
01[09:23] {@Threei}  -ANGI +14% (earnings)
01[09:23] {@Threei}  -CAMP +13% (earnings)
01[09:23] {@Threei}  -ASML 13% (won award for minimum 15 ASML EUV lithography systems from US company)
01[09:23] {@Threei}  -DLB +4% (earnings)
01[09:23] {@Threei}  -SALT +3.8% (announced agreement to sell seven new buildings for $290M)
01[09:23] {@Threei}  -YUM +3.5% (earnings)
01[09:23] {@Threei}  -VLTC +3.5% (momentum)
01[09:23] {@Threei}  -VALE +2.7% (Q1 iron ore production)
01[09:23] {@Threei}  -AEC +16% (Brookfield bids $28.75/shr)
01[09:23] {@Threei}  Downside:
01[09:23] {@Threei}  -CMG -5.5% (earnings)
01[09:23] {@Threei}  -TRN -5% (DoJ reportedly conducting criminal investigation into highway guardrail system linked to eight deaths)
01[09:23] {@Threei}  -URI -4% (earnings)
01[09:23] {@Threei}  -CREE -3.5% (earnings)
01[09:23] {@Threei}  -SMCI -2.3% (earnings)
[09:25] {jfjf64} Gn all
01[09:26] {@Threei}  jf :)
[09:26] {jfjf64} Gm
01[09:26] {@Threei}  I hope it was m, not n
[09:30] {jfjf64} Mcd
01[09:32] {@Threei} Long Setup:  FB  .20 break
01[09:32] {@Threei}  If holds  .10
[09:32] {jfjf64} Yum 84 .20 break
01[09:32] {@Threei}  1:1
[09:32] {drewj} totally missed that one
01[09:33] {@Threei}  yeah, very fast
01[09:34] {@Threei}  valid again
[09:34] {jfjf64} In
01[09:34] {@Threei}  heavy this time
01[09:35] {@Threei}  nope
[09:35] {drewj} spy dropping
01[09:36] {@Threei} Long Setup:  MCD  .50 break
01[09:36] {@Threei}  If holds  .40
[09:36] {dino} damn, uri took off w/o me
01[09:36] {@Threei}  change to .45
[09:37] {jfjf64} Was watchin dino
01[09:37] {@Threei}  If holds  .35
01[09:37] {@Threei}  1:1
[09:37] {drewj} damn
01[09:37] {@Threei}  1:3
[09:37] {drewj} missed that too
[09:37] {jfjf64} Go mikey
[09:38] {jfjf64} Stj overbought
[09:39] {jfjf64} Break 73 s
01[09:39] {@Threei}  you got MVD jf?
01[09:39] {@Threei}  MCD
[09:39] {jfjf64} Yes
[09:39] {jfjf64} Ty
01[09:39] {@Threei}  get out
01[09:39] {@Threei}  1:6
01[09:40] {@Threei}  1:7
01[09:40] {@Threei}  1:8
01[09:40] {@Threei}  lol
[09:40] {jfjf64} You deserve a happy meal
[09:40] {drewj} man
[09:40] {jfjf64} Me happy
[09:40] {jfjf64} Ty
01[09:40] {@Threei}  1:9
01[09:40] {@Threei}  yw
01[09:40] {@Threei} Long Setup:  FB  94 break
01[09:40] {@Threei}  84
01[09:40] {@Threei}  If holds  .90
[09:42] {dino} uri hl l .50
[09:42] {jfjf64} Took half off
[09:42] {jfjf64} Fb
[09:42] {jfjf64} .08
[09:42] {dino} no go, stop -.33
01[09:42] {@Threei}  good idea
[09:42] {drewj} gpt that one.
[09:43] {drewj} thanks
[09:43] {jfjf64} No like long candles
[09:43] {drewj} bummed about mcd
01[09:43] {@Threei}  yes, fast spike into 1 cent to 1:1
[09:43] {drewj} and i really like their food!
[09:43] {jfjf64} To many them last 2 days
[09:44] {dino} nemo would've slapped me for not waiting until 9:45 on uri
[09:44] {jfjf64} Yes dino
[09:44] {jfjf64} Dino how bout my vltc
[09:45] {jfjf64} 19 yesterday
[09:48] {jfjf64} Cree.15 short
[09:49] {jfjf64} Naa
[09:49] {dino} didn't vltc miss?
01[09:49] {@Threei} Long Setup:  TWTR  .90 break
01[09:49] {@Threei}  If holds  .80
01[09:49] {@Threei}  held well through SPY drop
[09:49] {jfjf64} Miss what
[09:50] {dino} oh, the ican stock. don't know jf
[09:50] {drewj} in
[09:50] {dino} you still in it?
[09:50] {jfjf64} No
[09:50] {jfjf64} Here is buy
[09:50] {jfjf64} 21.75 target today
01[09:51] {@Threei}  grrr
01[09:52] {@Threei}  rince
01[09:52] {@Threei}  s
[09:52] {jfjf64} Yep
01[09:52] {@Threei} Short Setup: MCD  98 break
01[09:52] {@Threei}  late
01[09:52] {@Threei}  in on bounce
[09:52] {dino} cray drop
01[09:52] {@Threei}  1:1
[09:52] {jfjf64} Stj
[09:53] {jfjf64} In .
[09:53] {jfjf64} .80
[09:54] {dino} uri hl l .14 ave
[09:54] {jfjf64} No go stj
[09:54] {jfjf64} Got to slow down
[09:56] {dino} stocks are gappy/jumpy today
[09:56] {jfjf64} Basted twtr
[09:57] {jfjf64} Noc
[09:57] {jfjf64} Stj basterd
[09:58] {jfjf64} Boy mikey d
[09:58] {dino} mktx sm l .40 gappy
[09:59] {jfjf64} In noc
[09:59] {jfjf64} .15
[09:59] {jfjf64} Small
01[09:59] {@Threei}  weird morning
01[10:00] {@Threei}  *(US) MAR EXISTING HOME SALES: 5.19M V 5.03ME
[10:00] {jfjf64} Has
[10:02] {jfjf64} Like short here mcd
[10:02] {jfjf64} 99 stop
[10:03] {dino} uri stopped again
[10:03] {jfjf64} Naa
[10:04] {jfjf64} 100 today mcd
01[10:05] {@Threei} Long Setup:  FCX  .45 break
01[10:05] {@Threei}  If holds  .40
01[10:08] {@Threei}  change to .40 break
01[10:08] {@Threei}  If holds  .35
[10:08] {jfjf64} Yum .25 long
[10:10] {cosmo} Gee...did MCD just announce their new vegan burger?
01[10:10] {@Threei}  lol
[10:10] {jfjf64} Yum valid
[10:10] {cosmo} gluten free?
01[10:13] {@Threei}  change to .35
[10:13] {drewj} fcx?
[10:13] {jfjf64} Yes
[10:16] {jfjf64} Pkg s .60
[10:18] {jfjf64} Out 1:5
[10:18] {drewj} nice
01[10:18] {@Threei}  wtg
[10:18] {jfjf64} Wrath yum boys
[10:19] {jfjf64} Gonna go
[10:20] {drewj} fcx still valid?
01[10:21] {@Threei}  yes
01[10:22] {@Threei}  stop .28
01[10:28] {@Threei}  1:1
01[10:35] {@Threei}  1:2
[10:36] {dino} added ua calls
[10:39] {drewj} which ones
[10:40] {dino} uri hl l .75
[10:41] {dino} jul 85
[10:43] {dino} out mktx .00, +.60
[10:44] {dino} out ua .05, +.30
[10:44] {jfjf64} Go dino
[10:44] {dino} ty, finally in the black
[10:45] {jfjf64} Out yum 1:5
[10:45] {dino} wtg
[10:45] {jfjf64} Dfs bounce watch
[10:46] {jfjf64} Yum monster today
[10:48] {jfjf64} In dfs
[10:48] {jfjf64} .80 ish
[10:48] {jfjf64} 1:1
[10:49] {jfjf64} Big candle
01[10:50] {@Threei}  1:3
01[10:50] {@Threei}  out
[10:50] {jfjf64} Nice
01[10:51] {@Threei}  slower trade, easy to manage
01[10:51] {@Threei}  pleasant change from opening hectic p[lays
[10:52] {jfjf64} Vxx looks part
[10:52] {jfjf64} But hasn't been frien lately
[10:53] {jfjf64} Out dfs
[10:54] {dino} uri hl l .61
[10:55] {jfjf64} Guess 50 break
[10:55] {jfjf64} Vxx
[10:55] {jfjf64} ?
[10:55] {jfjf64} If gets there
01[10:55] {@Threei}  I doubt it
[10:57] {jfjf64} Yum yum
[10:57] {jfjf64} Almost dollar from my entry
[10:57] {dino} out uri .06, +.45
01[10:57] {@Threei}  wtg
[10:57] {jfjf64} Nice dino
01[10:58] {@Threei}  wow FCX
[10:58] {dino} ty, channelling
[10:58] {dino} .60-.10
01[10:58] {@Threei}  good thing we persisted in finding reversal
[10:58] {jfjf64} Yes
[10:58] {dino} kicking myself over mktx, left a dollar on table
[10:59] {dino} gj jf
[11:00] {jfjf64} At my goal already
[11:00] {dino} nice
[11:00] {jfjf64} What to do
[11:01] {dino} if i may ask, whats your daily goal jf
[11:01] {jfjf64} Drink lunch
[11:01] {jfjf64} 75 cents to 1
[11:01] {dino} on 1k?
[11:01] {jfjf64} Try
[11:02] {jfjf64} 1k most
[11:02] {dino} gj
[11:02] {jfjf64} Feel more comfortable at 500 shares
[11:02] {jfjf64} Then feels like game
[11:02] {jfjf64} No stress
[11:03] {jfjf64} You like that
[11:03] {dino} completely understand
[11:03] {jfjf64} What ya goal these days
[11:03] {dino} running 500s mostly last couple months, occasionally 1,000. thinnies 400
[11:04] {dino} $600/day
[11:04] {dino} not counting options
[11:06] {drewj} how long did it take you guys to get to that level?
[11:06] {dino} too long
[11:07] {jfjf64} Still getting there drew
[11:07] {jfjf64} Go slow my advise
[11:07] {jfjf64} Singles
[11:07] {drewj} it's been two years for me and i'm still playing with 200 shares
[11:07] {jfjf64} Even bunts
[11:07] {dino} for me, its an average, some days better some days worse. goal is average. then add options to "bonus" it
[11:08] {drewj} I get it conceptually now
[11:08] {drewj} my stress level gets really high trading with real money (of course)
[11:08] {drewj} but it makes it a lot harder for me to see what is really going on.
[11:08] {drewj} that's my actual goal right now
[11:09] {drewj} to use small shares and work on reducing stress so I can think clearly
[11:09] {dino} take it slow drew. when comfortable go to 300. about 4 years ago i was at 300s. then 400s for last few years. just starting the 500s now and i've been in this room about 8 years
[11:09] {dino} but everybody is different
[11:10] {drewj} I was not prepared for the painstaking effort of this job
[11:10] {jfjf64} Be positive everday
[11:10] {dino} if it was easy, everybody would do it. once you "get it" it gets easier.
[11:11] {dino} it will become sort of a flow. you will "see" things
[11:11] {dino} and oddly enough, dream them
[11:11] {jfjf64} But once you think you got it BAM mkt kicks ya ass
[11:11] {jfjf64} Right dino
[11:12] {dino} jf, indeed. market humbles everybody
[11:12] {drewj} I know I have the same problems as everyone else but the days I lose really bother me for a while...all night into the next day
[11:12] {jfjf64} Yes look vg
[11:12] {jfjf64} Lol
[11:13] {jfjf64} Ofcourse
[11:13] {drewj} I can't let it go
01[11:13] {@Threei}  why? do you expect to win every day?
[11:13] {jfjf64} No good
01[11:13] {@Threei}  or think it's even possible?
[11:13] {jfjf64} Can't happen
[11:13] {dino} if you take losses properly, they should not bother you. shit happens. its a probability game
[11:13] {drewj} I could spend $200 on anything but if I lose $200 I really effects me in a negative way
01[11:13] {@Threei}  in history there was no single trader that didn't have losses
[11:14] {dino} get over that drew
01[11:14] {@Threei}  it's impossible even in theory
[11:14] {jfjf64} Take 4 looses 6 wins make money
01[11:14] {@Threei}  why do you expect yourself to deny the laws of nature?
[11:14] {drewj} I don't expect to win all the time but the losses make me nuts
01[11:14] {@Threei}  wait
[11:14] {drewj} ok
01[11:14] {@Threei}  there is direct connection between the two
[11:14] {jfjf64} Take ya stop be happy
[11:14] {dino} ex: i started 0 for 2 today, now i'm 3 wins/2 losses, up $280
[11:14] {jfjf64} Ty stop
01[11:15] {@Threei}  if you don't exepct to win all the time, then you have to admit that losses are ntural and part of the game
[11:15] {jfjf64} So true vg
[11:15] {dino} just think probabilities and loses are then natural course of this business
01[11:15] {@Threei}  if so, then you have no more reason to get nuts over them than you would about night coming after day
01[11:15] {@Threei}  part of the nature
[11:16] {drewj} I'm just a crappy trader because I rarely have profit after commissions
[11:16] {dino} vad has a way with words
[11:16] {drewj} he does...that's why I stick around
01[11:16] {@Threei}  so, you work on becoming better trader
01[11:16] {@Threei}  instead of getting nuts
[11:16] {dino} drew, thats because of 200 share size. small size needs "pulp"
[11:17] {drewj} vad
[11:17] {drewj} 's stuff is based on 1000 shares
[11:17] {dino} i could not handle 1000 shares, so had to adapt my system to the smaller share trades
01[11:17] {@Threei}  you work your way up through that
[11:17] {drewj} through what?
[11:17] {drewj} shares?
01[11:17] {@Threei}  in no profession you start learning with "adult" size
01[11:18] {@Threei}  yes
01[11:18] {@Threei}  training wheels
[11:18] {dino} uri broke channel
[11:18] {drewj} yes but it's hard to keep losing without pulp
[11:18] {jfjf64} Twtr .35 short
[11:18] {drewj} I need a lot of 1:3's to stay in
[11:18] {jfjf64} Hold .45
01[11:19] {@Threei}  you are looking at it wrong, drew
[11:19] {drewj} ususally
01[11:19] {@Threei}  200 shares is training wheels size
01[11:19] {@Threei}  not money making size
01[11:19] {@Threei}  you use it to learn to control yoursaelf and to learn the proper techniques
[11:20] {dino} drew, vads system is the best to learn from. only other trader here that sees what i see is ron (he's on vacation). so learn to walk first. he taught me
[11:20] {drewj} it's tough to justify spending and spending...room, broker ext
01[11:20] {@Threei}  so make sure that you learn that fast, and start moving up as you do
[11:20] {drewj} just need to cover those costs for now until i get it
[11:20] {dino} imo, go to 300, whats the difference, $10?
01[11:20] {@Threei}  have you gone to college?
01[11:20] {@Threei}  university?
[11:21] {dino} uri hl l .20
[11:21] {drewj} still paying for it
01[11:21] {@Threei}  had you expected yourself to cover cost from day 1 wheile learning?
[11:21] {jfjf64} Support / resistance  traders best friend
01[11:21] {@Threei}  why do you expect it to be any different in trading?
01[11:21] {@Threei}  wrong expectations set a stage for disappointment
01[11:22] {@Threei}  now, see what happened over these two years you mentioned:
01[11:22] {@Threei}  instead of learning to tarde, you tried to make money
01[11:22] {@Threei}  having no proper skill and focusing on a wrong thing
01[11:22] {@Threei}  thus, two years went by, and you haven't really learned to trade right
01[11:23] {@Threei}  why?
01[11:23] {@Threei}  because you weren't learning,
01[11:23] {@Threei}  you tried to make money
01[11:23] {@Threei}  see what I mean?
[11:23] {jfjf64} I do
[11:23] {jfjf64} Ty sir
01[11:24] {@Threei}  you know how archers are trained?
[11:24] {dino} he's right drew. you need to learn, then the $$$$ comes
01[11:24] {@Threei}  they don't shoot at the traget at first
01[11:25] {@Threei}  they shoot at the wall
01[11:25] {@Threei}  why?
01[11:25] {@Threei}  to focus on proper technique of handing the bow, instead of trying to hit the traget
01[11:25] {@Threei}  only when they get it down, target makes an appearance
[11:26] {drewj} I guess I haven't known what my steps in the process are
[11:26] {dino} bunch of my friends blew up because they refused to learn. they just wanted $$$. when i started, had 8 guys in my town trading (that i knew of), now only i am left
[11:27] {dino} out uri .54, +.34
[11:27] {jfjf64} Nice
[11:28] {dino} ty
[11:28] {jfjf64} Out twtr flat
[11:28] {dino} 72% there
[11:28] {jfjf64} Ba short .85
[11:29] {jfjf64} 1:1
[11:30] {dino} ugh uri
[11:30] {drewj} took off dino
[11:31] {drewj} I really should have stayed on the room but paper traded
[11:31] {drewj} I'm going to do that now
01[11:31] {@Threei}  told you that a few times
01[11:32] {@Threei}  bit I must have Cassanrda syndrome... no one listens to me :)
[11:32] {drewj} I listen Vad
[11:33] {drewj} I just don't understand the first time...guess I'm slow like that
[11:33] {drewj} hearing dino talk about his friends actually puts things more clearly for me
[11:33] {dino} damn, uri popped a buck over my sell
[11:33] {drewj} I really want to learn and I am willing to spend the time...I just didn't understand the emotional part
[11:34] {dino} get rid of your emotions. this is business.
[11:34] {jfjf64} Watchin stj
[11:34] {dino} if x happens you do y. no emotions
[11:35] {jfjf64} Wish was in
[11:35] {drewj} people are very discouraging about this job too.  I can't really tell people what I'm doing
[11:35] {jfjf64} .15
01[11:35] {@Threei}  so don;t
[11:35] {jfjf64} Lol
01[11:35] {@Threei}  what's the need
[11:35] {jfjf64} Drew
[11:35] {drewj} I stopped
[11:35] {jfjf64} F.  K  people
01[11:35] {@Threei}  they know nothing about this profession, why would you be interested in their opinion
[11:36] {jfjf64} Who pays ya bills
[11:36] {jfjf64} Not people
[11:36] {drewj} unsolicited advice
01[11:36] {@Threei}  the difference between wise and the rest is, wise don't judge what they don't know
[11:36] {jfjf64} Nice vg
01[11:37] {@Threei}  I have zero idea what military pilot job involves - think you'll see me ever passing judgement on that job?
[11:37] {dino} drew. if they are not traders they claim it can't be done or that its not a real job, etc. f#ck them. they are just too chicken to take the leap or jealous
01[11:37] {@Threei}  how come people that never traded think they can talk about it with any kind of authority?
[11:37] {jfjf64} Jealous
[11:37] {drewj} right
01[11:38] {@Threei}  one of the funniest dialogs I've ever had about that:
01[11:38] {@Threei}  some kind of party, general conversation, this, that,
01[11:38] {@Threei}  one guy gets for some reason cross with me
01[11:38] {@Threei}  well, actually I know the reason,
01[11:39] {@Threei}  his girl got too interssted in talking to me, and he was insecure enough to get mad abou it
[11:39] {dino} one of they guys that i know who blew up, now claims that he could do better than i do at this. i asked why not go back into it and beat me? you know what he said? he doesn;t want to trade anymore (won't admit he's wrong).
01[11:39] {@Threei}  so, he asks what I do for a living
[11:39] {dino} it jealousy
01[11:39] {@Threei}  I say I trade the marjkets
01[11:39] {@Threei}  he sneers and says "it can't be done"
01[11:39] {@Threei}  I ask why he thinks so,
01[11:40] {@Threei}  his answer was priceless:
01[11:40] {@Threei}  a few years ago I tried to buy some stock and lost money
01[11:40] {@Threei}  I said:
01[11:40] {@Threei}  ah, I see where you are coming from, and agree with you,
01[11:40] {@Threei}  I had the same experience,
01[11:41] {@Threei}  I tried one to play piano, and nothing good came out of it,
01[11:41] {@Threei}  so now I hold firm opinon that it can't be done.
01[11:41] {@Threei}  after little pause he asked:\
01[11:42] {@Threei}  had you studoed piano?
01[11:42] {@Threei}  I said no
01[11:42] {@Threei}  he said, well, that's why!
01[11:42] {@Threei}  I said exactly
01[11:42] {@Threei}  at this point whole room was laughing
01[11:42] {@Threei}  he was slow on uptake :)
[11:43] {jfjf64} What an asshole
[11:43] {drewj} :)
01[11:43] {@Threei}  bit message was quite clear :)
01[11:43] {@Threei}  but
[11:43] {jfjf64} Bottom line his girl was diggin the vg man
01[11:43] {@Threei}  idiot tried to tarde once withut any learning, lost money... so now he thinks it can't be done
01[11:44] {@Threei}  she totally was
[11:44] {jfjf64} Lol
[11:44] {drewj} hahaha
01[11:44] {@Threei}  and he never thought that he would never expect the same in any other profession'
[11:44] {drewj} lady's man vad?
[11:44] {dino} last week i was on audit committee for our non-profit golf club. two ther guys on it are investment advisors for two local banks. they both start talking about funds. i say why not recommend stocks. they tell me that individual stocks are too risky. then they ask what i do, i say daytrade stocks, swing trade options. they both immediately say it cannot be done profittable over time. i say,
[11:44] {dino} funny, i've been trading full time for over 14 years now
01[11:44] {@Threei}  I don't kniw why people think of trading this way,
01[11:44] {@Threei}  no one would think of playing piano like this
[11:44] {jfjf64} Your story I missed ilmn short .40 break
[11:45] {jfjf64} You owe me
[11:45] {dino} i throw one back
[11:45] {jfjf64} K
[11:46] {drewj} good advice guys
[11:46] {dino} bottom line drew, don't worry what others think or say. just make your money and have fun doing it
01[11:46] {@Threei}  exactly
01[11:47] {@Threei}  you don't live to satisfy them
[11:47] {jfjf64} I been trading diff then I usually do and been workin
[11:47] {drewj} should I just paper trade for a few months and save my money?
[11:47] {drewj} those people just add to the stress.
[11:47] {jfjf64} R u married drew
[11:47] {drewj} yup
[11:47] {drewj} three kids too
[11:48] {jfjf64} Me 2
[11:48] {drewj} she's been really cool about this
[11:48] {jfjf64} 3 boys
[11:48] {drewj} nice
[11:48] {dino} married w/2 kids here
[11:48] {jfjf64} That's big
[11:48] {drewj} i know
[11:48] {jfjf64} Need her support
[11:48] {drewj} she
[11:48] {drewj} is from mexico and we would like to be able to live there eventually
[11:48] {drewj} and so she knows there is an end game to all this
[11:49] {jfjf64} Nice
[11:49] {drewj} i would love to have some nice profits to show her though
[11:49] {dino} just ignore the naysayers, clear your head, and obey the rules. you will get it
[11:49] {jfjf64} Listen to vg
[11:50] {drewj} I hve been listening to him for a long time...
[11:50] {drewj} I'm surprised to hear that you think I don't Vad!
[11:51] {jfjf64} Trn .30 short
[11:51] {drewj} he's not listening to me:)
[11:51] {jfjf64} Hold .40
[11:53] {jfjf64} Invalid
[11:57] {jfjf64} Ntrs break .35
[11:59] {jfjf64} Hold.30
01[11:59] {@Threei}  US and European indices have seen choppy trading this morning as traders digest a torrent of major earnings
01[11:59] {@Threei}  March existing home sales bounced higher, improving on the flattish February numbers that had been impacted by the harsh winter weather. Sales of previously owned homes climbed to the highest level since September 2013, up 13.5% y/y and beating expectations.
01[11:59] {@Threei}  WTI crude had declined to $56 after spending most of the prior week in a $57-58.50 range in the wake of the last DoE inventory data. Last week's report saw the first miss in crude inventory build in some time, but this morning's DoE report and yesterday's API data saw a return to surprisingly large builds.
[12:01] {jfjf64} Trn short .25
[12:01] {jfjf64} Last trade of day
[12:04] {jfjf64} Follow mkt trn
[12:05] {jfjf64} 1:1
[12:07] {jfjf64} 1:2
[12:08] {jfjf64} Me done
[12:08] {jfjf64} See all manana
[12:10] {dino} great job
[12:10] {jfjf64} Ntrs rinsed me
[12:10] {jfjf64} Ty
[12:11] {dino} see drew, jf is a reason for the people that say it can't be done. they are pissed off he takes off work early. they are mad i vacation when i want. they are just jealous
[12:12] {dino} vsi spike
[12:19] {drewj} so they don't want me to succeed dino
[12:20] {dino} hate to say it, but yes.
01[12:21] {@Threei}  most of them don't
[12:22] {dino} my mother, to this day, wishes i had not sold my insurance business. she hates that i am a trader
01[12:22] {@Threei}  at least not in something they failed in, or never found guts to try
[12:22] {drewj} lousy
01[12:22] {@Threei}  your success is a constant reminder of their failure
[12:23] {drewj} wow
[12:23] {dino} relative no longer talks to me because i suceeded and he failed trading
01[12:23] {@Threei}  while your filure will be their justifiction
[12:23] {dino} and because of this, i no longer get invited to xmas, thanksgiving, etc
[12:24] {drewj} that makes a ton of sense
[12:25] {dino} somehow, in their eyes, it is my fault that he failed
[12:25] {drewj} damn
[12:26] {dino} so thats what i mean when i say ignore them, they are just jealous
[12:30] {drewj} that's sad dino
[12:30] {drewj} tough on you
[12:31] {dino} not anymore. better off without that type of thinking in my life
[12:31] {drewj} yes
[12:31] {dino} some people, just try to bring you down. don't allow it
[12:38] {drewj} vsi here dino?
[12:46] {dino} hang on
[12:46] {dino} buyout rumors
[12:47] {dino} carlson cap 5.34% stake, in talks
[12:47] {dino} so gut says stay away
[12:48] {drewj} Do you short on more vertical spikes?
[12:49] {dino} yes
[12:50] {dino} but news on this one cautions me. usually they spike when company says they hired investment bank to explore alternatives, then they drop. this one has an actual company taking a stake and talking buyout
[12:50] {dino} otherwise i'd short it
[12:52] {drewj} where did you learn the in's and out's of news?
[12:53] {dino} years of trading
[12:54] {dino} but a lot of it is common sense
[12:57] {drewj} what is your stop rule dino?
[12:59] {dino} depends on size. 300 sh usually .40; 400 sh .33-.35; 500 sh .26-.30, 1k sh .15. these can change depending on the spread (a lot of my trades are .20-.50 wide on spreads, so...), but in no case do i risk more than $250/trade.
[13:00] {dino} you must understand that on my trades, the stocks have great move potential. 500 shares and lower i will not trade it is it cannot move at least 30 cents in limited time
[13:01] {drewj} thank you
[13:01] {dino} will not trade it, if it cannot
[13:01] {drewj} i see the pulp
[13:01] {dino} yes, my system is based on pulp
[13:01] {dino} fast drops/fast spikes, ideally more than $2 in seconds
[13:03] {dino} i end up sitting doing nothing for a good part of the day. just waiting for the right drop/spike
[13:03] {drewj} it seems to be that way with most systems
01[13:04] {@Threei}  most GOOD systems
[13:04] {dino} jf is quite a busy trader
[13:04] {drewj} i noticed
[13:04] {dino} the more i trade the less i make
[13:04] {drewj} he seems to try and use your style vad
01[13:06] {@Threei}  jf? he does a mix of my and dino's styles
[13:07] {dino} some traders feel like they have to always be trading. don't fall into that trap
01[13:08] {@Threei}  "false work ethics"
[13:09] {drewj} i really like that...
[13:09] {drewj} is that taoist?
01[13:09] {@Threei}  nah, common sense
01[13:09] {@Threei}  see,
01[13:09] {@Threei}  we are brpought up on idea that work is rewarded
01[13:09] {@Threei}  and in order to get rewarded you need to work
01[13:10] {@Threei}  This is not exactly the case with trading,
01[13:10] {@Threei}  in trading it's quality of what you do that gets you the prize, not the quantity of work
01[13:11] {@Threei}  so, here is a conflict between the conditioning "you need to wqork every minute of your working day"
01[13:11] {@Threei}  and reality of trading where you need to wait for the right opportunity
01[13:11] {@Threei}  so, you sit and wait
[13:13] {drewj} the quality of what i do
[13:13] {drewj} that has a much different focus
01[13:14] {@Threei}  it's all a common sense, it's just that common sense isn't :)
[13:14] {dino} reverse your thinking
[13:15] {drewj} common sense is work long and hard doing a lot of things
01[13:15] {@Threei}  that uis true for a JOB
01[13:15] {@Threei}  but trading is not a job
01[13:15] {@Threei}  trading is business
01[13:15] {@Threei}  in business it's smart work that gets rewarded
[13:16] {dino} i'd say 3 hours a day, i'm just sitting
01[13:16] {@Threei}  ok, here is analogy I just thought of
01[13:16] {@Threei}  that will help you place it right
01[13:17] {@Threei}  imagine you are a hunter sitting in a hide, waiting for your fowl to come to the line of fire
01[13:17] {@Threei}  will you sit and wait and fire only when you see it and get a clear shot in ordwer to succeed
01[13:17] {@Threei}  or will you shoot while there is nothing to shoot at, just to justify your sitting there?
[13:17] {drewj} of course
[13:18] {drewj} that's a good analogy
01[13:18] {@Threei}  :)
[13:19] {drewj} just printing out a picture of a hunter in a tree stand to help me remember
[13:20] {dino} now drew, i could pull 200 out of the ua calls right now and get over my daily, but the calls are bonus, i try to get at least 500 out of them, so swinging
[13:21] {drewj} you think they will be up tomorrow?
[13:22] {dino} tomorrow doesn't matter, i bought time. i have gtc on them for 1.00 move. will re-evaluate each day
[13:23] {dino} shoot for $3k/month options
[13:23] {drewj} I know I already said this but it is so hard to just sit here:)  I should be doing somethingf
[13:24] {dino} really just an extension of my capit system. ua good earnings got hit
[13:24] {drewj} earnings hits tend to rebound?
[13:25] {dino} good earnings that get hit usually start coming back in 2 or 3 days
[13:25] {dino} keep your eyes on ua, uri, mktx. all decent earnings that got hit
[13:26] {dino} oii spikey, somebody knows tonigts earnings perhaps
01[13:28] {@Threei}  drew you need to do something?
01[13:28] {@Threei}  work on your stress control
01[13:28] {@Threei}  practice 3-7-8 breating
01[13:28] {@Threei}  breathing
[13:28] {drewj} I told  you that was the hardest thing for me
01[13:28] {@Threei}  4-7-8, sorry
01[13:29] {@Threei}  you did, so I come up with suggestion
[13:29] {drewj} remember I moved from LA to a small town in PA
[13:30] {dino} did you read vads' techniques of tape reading yet? also, for insight, read reminiscences of a stock operator. ttr book good basic trading book. the other is a fun read with valuable insight (kills me that buffet tries to take credit for jesse's "blood in the streets" quote)
[13:30] {dino} drew, small town pa me too
[13:31] {drewj} i've got both of those.
01[13:31] {@Threei}  got or read?
[13:31] {dino} vads ttr capitulation/euphoria in that book is what got me to my edge
[13:32] {drewj} it's been a big change of work style...being busy to sitting a lot
[13:32] {drewj} read ttr and listened to other
01[13:32] {@Threei}  so... get busy. 4-7-8, learn it and do it regularly
[13:32] {drewj} what do you mean
01[13:32] {@Threei}  then get back to Taoist Trader, m,editation techniques at the end of the book
01[13:33] {@Threei}  [13:28] {@Threei} practice 47-8 breathng
01[13:33] {@Threei}  4-7-8
[13:33] {dino} same here drew. my isurance office would have 120 calls/day. now trading phone never rings, lots of down time. learn to adjust and you will enjoy it. i do a 45 minute lift each day while trading and usually take an hour off each day
01[13:33] {@Threei}  it helps with stress immensely
[13:33] {drewj} what's the 4--7-8 thing?
01[13:34] {@Threei}  gosh... man, you heard of google, didn't you?? :)
01[13:34] {@Threei}  it'll get you to the according page in one click
[13:34] {drewj} got it
01[13:34] {@Threei}  in 5 min you'll know how to do it
01[13:35] {@Threei}  then learn to do it, and do it religiously
01[13:35] {@Threei}  you won't believe how helpful it is
01[13:35] {@Threei}  simp[le thing, takes no time
01[13:35] {@Threei}  requirs no money
[13:36] {dino} ocr drop
[13:37] {dino} ocr sm l .70
[13:40] {dino} not luving ocr chart
[13:41] {dino} stopped .54 -.16
[13:41] {dino} pivot magnot at 80
[13:41] {dino} damn rinsed
01[13:44] {@Threei}  frikin TWTR
01[13:44] {@Threei}  got away
01[13:45] {@Threei}  I didn't believe in such breaks during lunch time
01[13:45] {@Threei}  but .65 was obviously worth it
[13:45] {jfjf64} Anything going on vg
[13:46] {jfjf64} Twtr
01[13:46] {@Threei}  yeah
01[13:46] {@Threei}  we had a lot more discussion while you were away jf, read the log later
01[13:47] {@Threei}  I think you'll find interesting things
[13:47] {jfjf64} Was here for lot of them there was more
01[13:47] {@Threei}  yes
01[13:50] {@Threei}  jf changed his skin
06[13:50] * @Threei slaps mib_43iu38 around a bit with a jfjf64 nickname
01[14:09] {@Threei} Long Setup:  TWTR  .90 break
01[14:09] {@Threei}  If holds  .80
01[14:17] {@Threei}  change to .85
01[14:35] {@Threei}  1:1
01[14:49] {@Threei}  almost 1:2
01[14:49] {@Threei}  on the next push probably
[14:50] {jfjf64} What ya in vg
[14:51] {jfjf64} VMware .50 break
01[14:51] {@Threei}  TWTR jf
01[14:51] {@Threei}  from .85
[14:51] {jfjf64} K
[14:52] {jfjf64} 1:2
[14:52] {jfjf64} 1:3
[14:52] {jfjf64} 1:4
[14:52] {jfjf64} Out
[14:53] {drewj} gj jf!
[14:53] {dino} gj
01[14:53] {@Threei}  nice
[14:53] {jfjf64} Dif style for me wking
[14:53] {jfjf64} Usually looking to short
[14:55] {jfjf64} cp .55 break
[14:55] {jfjf64} Let's see
01[14:56] {@Threei} Long Setup:  VXX  .35 break
01[14:57] {@Threei}  If holds  .25
[14:57] {jfjf64} 1:3
[14:57] {jfjf64} 1:4
[14:57] {jfjf64} Out
06[14:57] * @Threei slaps jfjf64 around a bit with a large roll of cash
[14:57] {jfjf64} Look this cp
[14:59] {jfjf64} They r hitting my scanner
[15:00] {jfjf64} Dollar up from entry
[15:02] {jfjf64} ypf hit scanner 30.25
[15:02] {jfjf64} Look at this
[15:03] {jfjf64} See drew just when I think I know what I'm doing Bam
[15:04] {jfjf64} Respect mkt
[15:04] {jfjf64} Tso 80.20 lets watch
[15:05] {drewj} Sorry buddy
[15:05] {jfjf64} Why sorry
[15:06] {jfjf64} Cp still going
[15:06] {drewj} maybe i misunderstood
[15:07] {jfjf64} I'm saying confidence is good
[15:07] {jfjf64} Always respect
[15:08] {jfjf64} I'm having my best day in while
[15:09] {drewj} got a headache
[15:09] {jfjf64} Time for Long Island ice tea drew
[15:10] {drewj} i'm going now!  That's all I have for todayguys
[15:10] {drewj} take care and thanks for the insight
01[15:12] {@Threei}  take car4e drew
[15:15] {jfjf64} Was thinkin short ocr I messed up
[15:15] {jfjf64} Nice pullback though
[15:19] {jfjf64} Vmw .90 break
[15:20] {jfjf64} 1:2
[15:20] {jfjf64} Pinch me alice
[15:22] {jfjf64} Spy hod
[15:23] {jfjf64} Ocr 84 break
[15:24] {jfjf64} Wow spy
[15:25] {jfjf64} Out
[15:25] {jfjf64} Wow
[15:25] {jfjf64} Ocr
[15:26] {jfjf64} Didn't sell me halted?
01[15:28] {@Threei}  yes
01[15:28] {@Threei}  circuit breaker
01[15:28] {@Threei}  5 min
01[15:28] {@Threei}  [OCR] Said to be considering a sale of the company and has hired advisors to help in the evaluation
01[15:29] {@Threei}  you have order in?
[15:29] {jfjf64} Hit to sell mkt didnt
01[15:30] {@Threei}  should be a good one, stay ready
01[15:30] {@Threei}  here
01[15:30] {@Threei}  out?
[15:30] {jfjf64} Y
01[15:30] {@Threei}  congrats
[15:30] {jfjf64} Holy cow
[15:33] {dino} should spike more and drop
[15:33] {dino} myl drop
[15:34] {dino} ocr smr s .05
[15:34] {dino} cov ocr 84.985, +1.20
[15:35] {dino} 84.85
[15:35] {jfjf64} Nice
01[15:35] {@Threei}  wtg
[15:35] {dino} ty
[15:35] {dino} now whers drew?
01[15:36] {@Threei}  he'll read the log
[15:36] {dino} thats exactly what we talked about earlier
[15:37] {jfjf64} 84 break what acall
[15:37] {jfjf64} 5 min before
[15:41] {jfjf64} Tso .55 break
[15:42] {jfjf64} Was late sad of been .50
[15:42] {jfjf64} .49 stop
01[15:43] {@Threei}  ok guys, finishing on this, nice day
01[15:44] {@Threei}  have a good evening
01[15:44] {@Threei}  see you tomorrow!
[15:44] {jfjf64} Ty
[15:45] {jfjf64} 1:1
[15:45] {jfjf64} 1:2
[15:46] {dino} cya
[15:46] {jfjf64} Out
[15:47] {jfjf64} Gn all
[15:47] {jfjf64} Ty trading gods

Apr 21 2015

Not our day today, as rinses were too frequent. Ended with nice 1:3er but still negative

Session Time: Tue Apr 21 00:00:00 2015
[09:20] {jfjf64} Mornin
01[09:21] {@Threei}  jf :)
[09:22] {drewj} hey hey hey
01[09:23] {@Threei}  drew :)
01[09:23] {@Threei}  dino missed return flight or what
[09:24] {jfjf64} Lol
[09:26] {jfjf64} Yo all good drew
[09:27] {drewj} yea
[09:27] {drewj} thanks for asking
[09:27] {drewj} they had to workon it for more than an hour
01[09:28] {@Threei}  what was the problem?
[09:28] {drewj} java
01[09:29] {@Threei}  old version?
[09:29] {drewj} no...just some mess up
01[09:30] {@Threei}  Upside:
01[09:30] {@Threei}  -LRCX +12% (earnings)
01[09:30] {@Threei}  -FTNT +11% (earnings)
01[09:30] {@Threei}  -MYL +11% (TEVA offered to acquire company at $82/shr)
01[09:30] {@Threei}  -ALNY +9.3% (12-month data from Phase 2 OLE study of Patisiran)
01[09:30] {@Threei}  -FEYE +4.6% (FTNT results)
01[09:30] {@Threei}  -KMB +4.4% (earnings)
01[09:30] {@Threei}  -MLNX +4.2% (earnings)
01[09:30] {@Threei}  -ARMH +4% (earnings)
01[09:30] {@Threei}  -TEVA +3.7% (confirmed proposal to acquire MYL at $82/shr)
01[09:30] {@Threei}  -SAP +2.7% (earnings)
01[09:30] {@Threei}  -BMY +2% (positive broker commentary)
01[09:30] {@Threei}  Downside:
01[09:30] {@Threei}  -SANM -10% (earnings)
01[09:30] {@Threei}  -HOG -8% (earnings)
01[09:30] {@Threei}  -FTK -6% (guided Q1 lower than estimates)
01[09:30] {@Threei}  -ITW -4% (earnings)
01[09:30] {@Threei}  -BAM -4% (announced $1.08B equity offering; sells 17.9M shares at $56/shr)
01[09:30] {@Threei}  -UA -2.8% (earnings)
01[09:30] {@Threei}  -PRGO -2.8% (TEVA/MYL deal news)
[09:31] {drewj} hey dino
01[09:31] {@Threei}  dino caught that flight after all
[09:31] {dino} gm, guess btfd was correct move again
01[09:31] {@Threei}  it sure was
01[09:31] {@Threei} Short Setup: FB  .20 break
01[09:32] {@Threei}  If holds  .30
[09:32] {jfjf64} Ati
01[09:32] {@Threei}  Invalidated
01[09:34] {@Threei} Short Setup: FB  .30 break
01[09:34] {@Threei}  If holds  .40
01[09:34] {@Threei}  1:1
01[09:36] {@Threei} Short Setup: FB  .20 breal
01[09:36] {@Threei}  If holds  .30
01[09:36] {@Threei}  Invalidated
01[09:37] {@Threei} Long Setup:  IWM  .90 break
01[09:37] {@Threei}  If holds  .80
[09:38] {dino} wday calls bgt 4/17, sold yesterday while out, +1.00 / 19%
01[09:38] {@Threei}  sheesh
01[09:38] {@Threei}  he plays golf while making money
01[09:39] {@Threei}  or is it other way around?
[09:39] {dino} well, gtc orders always in when not around
01[09:39] {@Threei}  :)
01[09:43] {@Threei} Long Setup:  TWTR  .55 break
01[09:43] {@Threei}  If holds  .45
01[09:46] {@Threei}  IWM rinse
01[09:48] {@Threei}  no go
01[09:50] {@Threei} Long Setup:  DAL  .20 break
01[09:50] {@Threei}  ugh, late
01[09:50] {@Threei}  on pullback maybe
01[09:52] {@Threei}  in
01[09:53] {@Threei}  grrr
[09:54] {dino} cbyl spike
01[09:55] {@Threei} Long Setup:  TWTR  .40 break
01[09:55] {@Threei}  If holds  .30
[09:58] {jfjf64} Gild 70 break long
[09:59] {jfjf64} 1:1 1:2
01[09:59] {@Threei}  Invalidated
[10:02] {jfjf64} Watch hog
[10:03] {jfjf64} Dd .55 short
01[10:03] {@Threei}  .20 break long HOG
01[10:03] {@Threei}  half lot
[10:04] {jfjf64} 1:1
[10:05] {dino} pkg hl l .73
[10:06] {dino} stop is brk lod
01[10:06] {@Threei}  (GR) White House Economic Advisor Furman: Greece exiting euro zone would create very large and unnecessary risks for the global economy - Must not remain too satisfied in the face of the relative calm in financial markets despite Greece turmoil- Situation in markets could change very fast due to Greek developments, tail risks from a Greek exit include lower investment, market uncertainty
01[10:06] {@Threei}  lord... why don't you rip off that bandaid once and for all
[10:07] {dino} pkg stopped
[10:09] {dino} re-load pkg .08
[10:09] {jfjf64} Pii.55 short
01[10:09] {@Threei} Long Setup:  TWTR  .20 break
01[10:09] {@Threei}  If holds  .10
[10:10] {dino} pkg pulp
[10:14] {jfjf64} Ace 70 break s
[10:16] {dino} pkg stop .87, -.25
01[10:16] {@Threei}  TWTR is ready
[10:16] {drewj} we're due
01[10:16] {@Threei}  stop to .14
[10:17] {jfjf64} 1:3 out
01[10:17] {@Threei}  wtg
[10:19] {dino} gj
01[10:19] {@Threei}  what the deuce today
[10:21] {dino} prtk spike, extremely thin
[10:22] {jfjf64} Vltc beast
[10:22] {jfjf64} 18.00 today
[10:25] {dino} 18?
[10:25] {jfjf64} Lol maybe little to high
[10:26] {dino} you in?
[10:26] {jfjf64} Pulls bk to 13 ma I'm in
[10:26] {jfjf64} .65ish
[10:28] {dino} cp drop
[10:29] {jfjf64} .85 break
[10:29] {jfjf64} .75
[10:30] {dino} pkg sob, rinsed me an ran a buck
01[10:31] {@Threei}  TWTR goes
01[10:32] {@Threei}  a lot of rinses today
[10:33] {jfjf64} Maybe we sd all go play golf
[10:33] {dino} lol
[10:33] {jfjf64} Wow look Juno chart
[10:35] {jfjf64} Tasr .40 break
[10:35] {jfjf64} Hold 30
01[10:35] {@Threei} Short Setup: HOG  .75 break hl
01[10:36] {@Threei}  If holds  .85
01[10:37] {@Threei}  1:1
[10:37] {drewj} missed the entry
[10:37] {jfjf64} Nice
[10:42] {jfjf64} Vltc .90 long
[10:42] {jfjf64} 1:1
[10:43] {jfjf64} 1:3
01[10:43] {@Threei}  wtg
[10:43] {jfjf64} Rinsed me before
[10:44] {jfjf64} Out
[10:46] {dino} gj
[10:46] {jfjf64} Ty
[10:47] {jfjf64} If it's gonna hit 18 today it's got to go up
01[10:48] {@Threei} Long Setup:  BP  .02 break
01[10:48] {@Threei}  If holds  .95
[10:49] {dino} amot drop
[10:55] {jfjf64} .30 break vltc
[10:55] {jfjf64} Stop
[10:59] {jfjf64} Wdc 99 long
[11:02] {drewj} I really want to hold that twtr
[11:02] {drewj} looks like it could have legs
[11:04] {jfjf64} Stop.35
[11:04] {drewj} if spy would take off here both plays would do really well
01[11:06] {@Threei}  TWTR 1:2
[11:07] {drewj} come on spy
[11:07] {jfjf64} Out wdc
01[11:14] {@Threei}  half out BP
02[11:16] * Disconnected
Session Close: Tue Apr 21 11:16:48 2015

Session Start: Tue Apr 21 11:16:48 2015
Session Ident: #discussions
02[11:18] * Attempting to rejoin channel #discussions
03[11:18] * Rejoined channel #discussions
[11:23] {jfjf64} Lrcx10 break
[11:26] {jfjf64} 1:1
[11:29] {jfjf64} Feye.65 break
[11:38] {drewj} Vad long CAT here?
01[11:38] {Threei}  nah
[11:39] {dino} xon spike
[11:41] {jfjf64} Let's go feye
01[11:45] {Threei}  here goes CAT, like a stone
[11:55] {drewj} I see.  Spy is not helping much
[12:00] {jfjf64} Takin lunch
[12:01] {jfjf64} Profit session but not happy mkt
[12:01] {jfjf64} See in hour
01[12:33] {Threei}  Overnight there were reports that the ECB was studying curbs on Greek bank support via the ELA amid growing opposition to use of the facility to prop up Greece financial sector. Comments by European officials dispelled any hope that resolution would arrive at Friday's Europgroup meeting.
01[12:33] {Threei}  Markets are digesting some poor earnings from major firms this morning. Travelers is down more than 2.5% after only just meeting expectations and reporting big y/y declines in ROE. DuPont is also down more than 2.5% after revenue contracted 9% and missed expectations. IBM saw its 12th straight quarter of revenue contraction, exacerbated by lower hardware sales and the strength of the dollar.
01[12:33] {Threei}  Verizon beat expectations on the bottom line, but net subscriber wireless adds fell and revenue missed expectations. VZ bottomed out at -1.5% but is heading higher. Lockheed and UTX both missed on revenue, although Lockheed also slightly increased its FY guidance. Harley is off 8.4% after cutting its shipment guidance for the year.
01[12:34] {Threei}  After weeks of rumors, Teva launched its $40.1 billion offer for rival Mylan. The cash-and-stock bid is valued at $82/shr, a 48.3% premium compared to Mylan's stock price on March 10, the last trading before speculation of a link-up between the two companies. The contest won't likely be a friendly one
[12:54] {drewj} JPM double bottom?
[12:54] {drewj} vad
01[12:58] {Threei}  can't tell
[13:01] {drewj} vad how many of the stocks you pick are really influenced by spy?
01[13:01] {Threei}  most of them
[13:02] {drewj} I can see how that has been a big downfall in my trading
[13:02] {drewj} I have not really been using the market to make decisions the way I could
[13:34] {drewj} would you do the same thing for swing trades vad?
01[13:35] {Threei}  which thing?
[13:35] {drewj} timing with market impulses
01[13:37] {Threei}  of course
01[13:37] {Threei}  this is starndard practice, known as "rising tide lifts all the boats"
01[13:55] {Threei}  looking for BP reversal
01[14:02] {Threei} Long Setup:  BP  .60 break
01[14:02] {Threei}  If holds  .55
[14:07] {jfjf64} I'm still in
[14:07] {jfjf64} .54 line
[14:08] {jfjf64} Support
[14:08] {jfjf64} What  the hell
[14:10] {drewj} not fun today
[14:10] {jfjf64} Didn't matter
[14:11] {drewj} dino how was your golf tournament?
[14:12] {dino}  rained all day. played in it, but the rain kind of kills the fun
[14:13] {jfjf64} Pcar .30 break
[14:13] {cosmo} it beats hail
[14:13] {dino} lol
[14:13] {drewj} how did you do?
[14:17] {jfjf64} Flat pcar
[14:17] {jfjf64} No goes
[14:22] {jfjf64} 1:3 pcar
[14:22] {jfjf64} Mother f
[14:23] {drewj} too bad jf...
[14:23] {jfjf64} My own fault
[14:25] {jfjf64} My original entry was one penny from 1:1 when pullback ran like a p
[14:25] {drewj} yea I saw that.
[14:26] {drewj} bp is moving as well
[14:28] {drewj} jf are you a full time trader?
[14:32] {jfjf64} I try to be
[14:32] {jfjf64} Lol
[14:34] {jfjf64} Not easy
[14:34] {drewj} right :)
[14:34] {drewj} how long have you been doing it?
01[14:35] {Threei}  name me a business that is easy
[14:35] {jfjf64} I also sell tickets to concerts sporting events
[14:35] {jfjf64} Agree vg
[14:38] {jfjf64} Will try ocr89 short
[14:43] {jfjf64} Out flat
[14:44] {drewj} ok guys.  That's all the time I have for today.
[14:44] {dino} calling it a day. not seeing much
[14:44] {drewj} See you all tomorrow
01[14:44] {Threei}  take caredrew
[14:44] {dino} cya drew
[14:44] {drewj} thanks
[14:49] {jfjf64}  By drew
[14:50] {jfjf64} Shak short lod
[14:51] {jfjf64} .45
01[14:52] {Threei}  BP again
[14:53] {jfjf64} 61
[14:54] {jfjf64} Or66
[14:54] {jfjf64} ?
01[14:54] {Threei}  .60 break
[14:57] {jfjf64} Gild .70 break
[14:58] {jfjf64} Sad of been .60
[14:58] {jfjf64} Think chasing
[15:04] {jfjf64} Vltc maybe 17 dino
[15:04] {jfjf64} Only buck off
[15:11] {jfjf64} Ocr watchin
[15:12] {jfjf64} Sad been long 80.00
[15:12] {jfjf64} Vltc 17
[15:13] {jfjf64}  Maybe 18 today
01[15:13] {Threei}  1:1
[15:13] {jfjf64} .40 short ocr
[15:14] {jfjf64} 1:1
[15:14] {jfjf64} Vltc 18
[15:15] {jfjf64} 1:2
[15:16] {jfjf64} Go bp
[15:17] {jfjf64} 1:3
[15:17] {jfjf64} 1:4
[15:19] {jfjf64} 1:5
[15:19] {jfjf64}  Me out ocr
[15:20] {jfjf64} Bp we get by 42.80 we go
01[15:20] {Threei}  1:2
[15:21] {jfjf64} Ocr still droppin
[15:22] {jfjf64} Me out bp
[15:22] {jfjf64} Ty
01[15:22] {Threei}  :)
[15:22] {jfjf64} 18 vltc
[15:23] {jfjf64} Dino
[15:23] {jfjf64} 19
[15:24] {jfjf64} Hey bp
[15:25] {jfjf64} Throug .80
[15:25] {jfjf64} Missed that
01[15:26] {Threei}  1:3
01[15:26] {Threei}  out
01[15:26] {Threei}  finishing with good one
01[15:26] {Threei}  not going to take any more today
01[15:27] {Threei}  thank you, have a good evening, see you tomorrow!
[15:28] {jfjf64} Gn

Apr 20 2015

Decent day with many trades hitting 1:2 - for some reason that was today's target for majority trades. Trailing stop took care of the last 1/4 on those.


Session Time: Mon Apr 20 00:00:00 2015
[09:26] {drewj} Morning guys
[09:29] {cosmo} so far it is...
01[09:29] {@Threei}  drew, cosmo :)
[09:29] {cosmo} :)
01[09:30] {@Threei}  Upside:
01[09:30] {@Threei}  -GENE +28% (additional breast cancer centres to begin offering BREVAGenplus)
01[09:30] {@Threei}  -HAS +5.7% (earnings)
01[09:30] {@Threei}  -ROSG +5.3% (announced data published in Leukemia Research)
01[09:30] {@Threei}  -GRPN +4.8% (guidance and confiirmed sale of TicketMonster stake)
01[09:30] {@Threei}  -OCN +4% (announced amendment to senior secured term loan)
01[09:30] {@Threei}  -MS +2% (earnings)
01[09:30] {@Threei}  Downside:
01[09:30] {@Threei}  -AMPE -52% (announces Ampion STRIDE study results)
01[09:30] {@Threei}  -CZR -9% (disclosed elements of recent discussions with lien holders)
01[09:30] {@Threei}  -RCL -6.4% (earnings)
01[09:30] {@Threei}  -CCL -2% (momentum from RCL earnings)
01[09:30] {@Threei}  -NCLH -2.7% (momentum from RCL earnings)
01[09:30] {@Threei}  nice smackdown, GLD
[09:31] {cosmo} tulips I say
01[09:32] {@Threei} Long Setup:  FB  .65 break
01[09:32] {@Threei}  hl
01[09:32] {@Threei}  If holds  .55
01[09:32] {@Threei}  Invalidated
01[09:32] {@Threei}  change to .40 break
01[09:33] {@Threei}  If holds  .30
01[09:33] {@Threei}  1:1
01[09:33] {@Threei}  1:2
01[09:33] {@Threei} Long Setup:  IWM  .20 break
01[09:33] {@Threei}  If holds  .10
01[09:33] {@Threei}  Invalidated
01[09:38] {@Threei} Long Setup:  FB  .60 break
01[09:38] {@Threei}  If holds  .50
01[09:39] {@Threei}  Invalidated
[09:40] {jfjf64} Mornin all
01[09:40] {@Threei}  jf :)
01[09:41] {@Threei}  ugh
01[09:41] {@Threei}  should havbe changed it to .50
01[09:42] {@Threei}  look at it go
[09:42] {jfjf64} Lol
[09:42] {jfjf64} Grrrr
01[09:43] {@Threei}  1:4
01[09:43] {@Threei}  mother.,,,
[09:44] {jfjf64} AAPL same chart
[09:49] {drewj} Had to log out. you in anything?
01[09:51] {@Threei}  no
[09:51] {jfjf64} Like apple short here 10 hold 20
[09:53] {jfjf64} Invalid
[09:54] {jfjf64} Valid
01[09:59] {@Threei} Short Setup: MCD  .10 break
01[09:59] {@Threei}  If holds  .25
01[10:01] {@Threei}  valid
01[10:03] {@Threei}  1:1
01[10:07] {@Threei}  1:2
[10:07] {jfjf64} Get s pass .88 dies
[10:08] {jfjf64} Common mac
[10:10] {jfjf64} Common mac
[10:14] {jfjf64} Here we go
[10:16] {jfjf64} Follow mkt already
[10:18] {jfjf64} Stop 96
[10:18] {jfjf64} ?
01[10:18] {@Threei}  yes
[10:18] {jfjf64} Thought we had once broke pivot .88 ish
[10:26] {drewj} Having a rough day with the computer
[10:26] {drewj} can't get logix to work right
01[10:26] {@Threei}  what does it do when you log in?
[10:26] {jfjf64} Mine mess up to
01[10:27] {@Threei}  hmmm... looks OK here
[10:27] {drewj} made some weird beeping sound and now I can't load it
[10:27] {drewj} restarted and all that and nothing.
[10:27] {drewj} what did yours do jf?
[10:28] {jfjf64} Problem with loading new version
[10:28] {drewj} yup
[10:28] {jfjf64} Telling me it's runnin
[10:28] {jfjf64} AAPL machine today
01[10:29] {@Threei} Long Setup:  FB  .20 break
01[10:29] {@Threei}  If holds  .10
[10:29] {jfjf64} Chart looks good vg
01[10:32] {@Threei}  little help from SPY wouldn't hurt
[10:35] {jfjf64} Common go hod
[10:35] {drewj} at least I got the FB play before the system quit.
[10:35] {drewj} jf how did you get in?
[10:36] {jfjf64} Went back to older version
[10:36] {jfjf64} For some reason worked
[10:37] {jfjf64} Put call in waiting
[10:37] {jfjf64} Did we get 1:1
01[10:38] {@Threei}  .29
01[10:38] {@Threei}  stop to .14
[10:38] {jfjf64} Hmm
[10:38] {jfjf64} K
[10:38] {drewj} It wouldn't let me use the old version.  I've had to do that before and it worked.
[10:39] {jfjf64} It has habit of this on mondays
01[10:39] {@Threei}  lol
[10:40] {jfjf64} From now on will check for new versions Sunday nights
[10:40] {jfjf64} Not that we help
[10:41] {jfjf64} U r on east coast drew
[10:41] {drewj} yes
[10:41] {jfjf64} Me to
01[10:43] {@Threei}  1:1
[10:46] {jfjf64} Very rare at hod wanting higher
01[10:46] {@Threei}  1:2
[10:46] {jfjf64} But will take iy
[10:46] {jfjf64} It
[10:48] {jfjf64} Creep mcd
[10:48] {jfjf64} Rinsed us
01[10:49] {@Threei}  yeah, last 1/4
[10:50] {jfjf64} I'm out fb
[10:50] {jfjf64} U
01[10:53] {@Threei}  too
01[10:54] {@Threei} Long Setup:  JPM  .40 break
01[10:54] {@Threei}  If holds  .35
[10:56] {jfjf64} Spy rip
[10:59] {drewj} do you guys know the download page for logix?
01[11:01] {@Threei}  http://www.logixtrader.com/download-logix/
[11:01] {drewj} thanks
[11:01] {jfjf64} Fb rinsed us too
[11:02] {drewj} going to try and install the old version
01[11:03] {@Threei}  as long as those are profitable rinses...
[11:03] {jfjf64} Yes
[11:04] {jfjf64} Guess not the right word
[11:04] {drewj} aaaaaaaahhhhhhhhhhhhhh!!!!!!!!!!
[11:04] {jfjf64} ?
[11:04] {drewj} still won't let me in.  Forces me to use new version
[11:04] {jfjf64} Call tech support ask for ren
[11:05] {drewj} ok
[11:06] {jfjf64} Tell me vg will give him kick in the ass
01[11:06] {@Threei}  please don't
[11:06] {jfjf64} Lol
[11:09] {jfjf64} Out flat jpm
[11:18] {jfjf64} Lots .60 break
[11:18] {jfjf64} Kors
[11:27] {jfjf64} Any luck drew
[11:28] {drewj} No.  This really sucks too.
[11:29] {drewj} logix is showing up in the task manager now but I can't see any screens
[11:29] {drewj} they also say i'm loggin in on their end
[11:29] {jfjf64} Did you get in touch with them
[11:30] {jfjf64} Hmm
[11:30] {jfjf64} Tell him to remote in to your pc
[11:31] {drewj} I have been emailing them
[11:31] {drewj} thanks
01[11:47] {@Threei} Long Setup:  VXX  .65 break
01[11:47] {@Threei}  If holds  .60
01[11:55] {@Threei}  meh
[11:59] {jfjf64} Taser 30 break
[12:05] {jfjf64} 1:1
01[12:05] {@Threei}  nice
[12:11] {jfjf64} Has.55 break
[12:12] {jfjf64} Hold 45
01[12:13] {@Threei} Short Setup: MCD  .85 break
01[12:13] {@Threei}  If holds  .95
01[12:17] {@Threei}  During the European session, there were news reports that EU Commissioner Juncker was looking at a new plan to prevent a Greek default, as negotiations were going nowhere. Later the Greek government issued a decree forcing local governments to transfer all their cash balances to the central bank ahead of another IMF payment as the nation's cash crunch worsens.
01[12:17] {@Threei}  With the situation looking dire, ECB member Constancio said that if a default happens, EU treaties do not allow a country to be expelled from the euro zone. ECB's Nowotny commented that there would be limited contagion from a Greek exit
01[12:18] {@Threei}  In a sign of things to come, major property firm Kaisa Group Holdings Ltd. Became the first Chinese developer to default on debts denominated in USD after 30 days elapsed from two missed bond payments. Kaisa had until Monday to make the payments after a 30-day grace period expired at the weekend.
[12:22] {jfjf64} Kors s 40 break
[12:31] {jfjf64} Time for lunch see in hour
01[13:13] {@Threei} Long Setup:  JPM  .40 break
01[13:13] {@Threei}  If holds  .35
[13:22] {jfjf64} How ya make out drew
[13:24] {drewj} No luck.
[13:24] {jfjf64} ?
[13:24] {drewj} Just following along with my practice account.
[13:25] {drewj} I sent an email to Ran but there has been no response
[13:26] {drewj} I can log in but then I can't see anything
[13:27] {jfjf64} He will get back to you did you call him
[13:28] {drewj} I will have to call later
[13:28] {jfjf64} Vxx vg
[13:28] {jfjf64} ?
[13:28] {drewj} How long have you been using logix jf?
01[13:28] {@Threei}  50/50...
[13:29] {jfjf64} At least 2 yrs
[13:38] {jfjf64} Msft 43.05 break
[13:46] {jfjf64} Out flat
[13:49] {jfjf64} Ua 87 break
01[14:10] {@Threei} Long Setup:  FB  .80 break
01[14:10] {@Threei}  If holds  .70
01[14:16] {@Threei}  1:1
01[14:22] {@Threei}  1:2
[14:26] {jfjf64} Common fb
[14:33] {jfjf64} Weird day
01[14:33] {@Threei}  day of 1:2s :)
[14:34] {jfjf64} Profit though
[14:34] {jfjf64} Yes the old 2 step
[14:34] {jfjf64} Grind it out
[14:35] {jfjf64} That entry on fb in mornin was killer we missed
[14:35] {jfjf64} .50
[14:37] {jfjf64} So far!!!!
[14:39] {jfjf64} Last fb penny from 1:3
01[14:42] {@Threei}  yeah
[14:48] {jfjf64} Lnkd pop
01[14:48] {@Threei} Long Setup:  MCD  .15 break
01[14:49] {@Threei}  If holds  .05
[14:50] {drewj} Guys if I call that number from the US is it 01 then the numbe?
[14:50] {drewj} number
[14:51] {jfjf64} I dial 1 then number
[14:52] {jfjf64} Dre
[14:52] {jfjf64} Drew sounds like you need drink
[14:52] {drewj} long island iced tea sounds good!
[14:53] {jfjf64} I'm from Long Island
[14:53] {drewj} nice
[14:53] {drewj} I'm in PA
[14:53] {drewj} My dad grew up in Newark
[14:55] {jfjf64} Still valid mcd vg
01[14:56] {@Threei}  yes
[14:57] {jfjf64} K
01[15:05] {@Threei}  1:1
[15:30] {jfjf64} Ibm looks over bought
[15:30] {jfjf64} .35 break
[15:31] {jfjf64} 1:1
01[15:36] {@Threei}  closed
01[15:36] {@Threei}  ok, done for the day
01[15:36] {@Threei}  ser you tomorrow!
[15:38] {jfjf64} Later

Market Week Wrap-up

TradeTheNews.com Weekly Market Update: Dollar Retreats, Oil Rebounds
Fri, 17 Apr 2015 16:21 PM EST

European and Chinese equity markets saw fresh record highs this week, while US equities approached record highs again. However Greek turmoil, the poor US March retail sales report and China's slate of weak March data eventually pulled markets lower. The China Securities Regulatory Commission helped vaporize a large chunck of April's gains by banning certain forms of margin trading. ECB QE and the Greece situation pulled the German 10-year yield down to all-time lows around 0.049% on Friday, while peripheral yields backed up, led by Greece. Oil prices broke out to the highs of the year on speculative bets we may have seen the peak US production figures, while the Dollar gave back some notable ground as traders unwound a portion of the recent relative strength trades tied to a more favorable US economic outlook. For the week, the DJIA lost 1.3%, the S&P500 dropped 1% and the Nasdaq was down 1.3%.

The most recent CPI inflation data appears to suggest the US inflation cycle may be turning, providing some support for Fed rate hikes sooner rather than later. On Friday, the March headline y/y CPI reading dipped into negative territory, however the core y/y CPI reading was a robust +1.8%, beating expectations by a tenth of a percent. March was the second consecutive month of gains in the core y/y CPI figure. Analysts suggest core inflation will continue higher in the tug-of-war between growing wages, lower import prices and the stronger dollar.

The advance March retail sales report missed expectations for the third month in a row, and there were downward revisions to core retail sales for January and February. The core reading, which excludes volatile categories, was up a mere 0.3%. Taken together, the data suggests the consumer was pretty weak in the first quarter, with negative implications for Q1 GDP (the advance reading is due later this month). Manufacturing data for April from the Philadelphia Fed and the New York Fed was mixed: the headline Philly Fed number was not bad while the Empire survey went negative for the first time since December. But more to the point, new orders in both reports were anemic.

A raft of Fed speakers this week mostly took the data in stride. On balance, the Fed continued to indicate that June will be a 'live' meeting for considering rate lift off, but only if the economy shakes off the seasonal weakness seen in Q1. Fed Vice Chair Stanley Fischer summarized by saying he expects some snap back in Q2 but its not clear what magnitude, and the timing of rate lift off remains data dependent.


Relations between Greece and its European partners decayed further. On Sunday, the EU gave Athens until April 20th to preset a new slate of reforms before they would unlock the final €7.2 billion tranche of aid funds at the Eurogroup meeting on April 24th. Various officials commented that little progress was being made in current negotiations and nobody expects any resolution ahead of the Eurogroup meeting. Late in the week, the FT reported that a Greek official told the paper "We have come to the end of the road. If the Europeans won't release bail-out cash, there is no alternative [to a default]." Though European officials at the IMF conference in Washington continued to insist that they want Greece to remain in the euro zone, Greece's neighbors were instituting measures to quarantine local branches of Greek banks and peripheral European bond yields soared.

Besides a feminist protestor breaking up the press conference with confetti, Wednesday's ECB decision was a snooze. President Draghi dwelled on the early successes of QE and again dismissed fears about a possible shortage of available bonds to buy. European bond yields kept sinking under the impact of QE and the Greek situation, with the German 10-year bund falling as low as 0.049% (a record low) while Italy and Spain 10-year yields soared more than 14 basis points and headed for 1.50% on Greek contagion fears. The euro gained steadily as the greenback softened on weaker US economic data. EUR/USD was as lows as 1.0530 on Monday and touched a high of 1.0850 on Friday.

The Canadian Dollar saw its biggest moves since the BoC's surprise rate cut in January. Three months ago, the BoC cut is key rate to 0.75% due to the sharp declines in oil and the implications for Canada's inflation outlook. Governor Poloz had left the door open to more rate cuts if needed, but this week the BoC withdrew any hint that it was planning to cut rates again. The staff GDP forecast for 2015 was lowered slightly but the outlook for 2016 was raised by a hair, while the overall CPI forecast for 2015 was raised quite a bit. USD/CAD had been in a 1.2350-1.2850 range since the cut; after the decision, USD/CAD dropped out of the range to around 1.2100.

Crude prices sustained their month-long rally this week on the weak dollar and slackening inventory builds. The API crude report saw its fifth straight build and the DoE report saw its 14th straight build, although the gains were both well below expectations. Over the week, the front-month WTI contract rose from $52 to a high of $57.42, notching a year to date high. Note that OPEC's monthly report out showed March production by the cartel of 30.79M bpd, +810K bpd driven by Saudi Arabia, Libya, Iraq. Saudi production grew to 10.29M bpd from 9.64M in February.

JPMorgan and Goldman Sachs beat first-quarter earnings expectations and saw good revenue growth. Goldman's revenues rose to a four-year high and the firm's investment banking net revenues saw its best quarter since 2007. Book value per share increased $5.38 to $168.39, the largest quarterly increase in over five years. Citigroup had a very good quarter, soundly beating earnings expectations on 16% growth in quarterly profit. However, revenue missed and declined slightly y/y. Mortgage lending giant Wells Fargo's earnings were flat y/y and slightly above expectations, while the firm saw solid revenue growth. Bank of America, PNC and US Bank disclosed lackluster quarterly numbers.

GE's revenue fell short of expectations, however the headline numbers reflected the GE Capital spinoff announced last week. The core industrial operation profit +9% y/y, improved profit margins sales +3% (including FX). Honeywell's revenue fell 5% y/y on FX and the Friction Material divestiture, while income saw modest gains. Shares of Netflix soared to all-time highs after beating expectations for net subscriber additions, both at home and abroad. A host of analysts upgraded the name and lavished praise on the firm's expansion, even as its earnings and revenue remained unspectacular.

M&A action was subdued this week. Nokia confirmed it had a deal in hand to acquire Alcatel-Lucent in an all-stock deal valued at €15.6B. Strong growth in high-speed mobile data connections for everything from driverless cars to robots was a key driver in the merger discussions. The development and rollout of 5G mobile networks will be the new firm's main objective. Activist hedge fund Jana Partners went after Qualcomm, confirming it has asked Qualcomm to consider separating its chip unit from its patent-licensing business.

The Shanghai Composite rose higher for the sixth straight week, tacking on another 6%, making for impressive rally of over 30% for the year. Investors have been undeterred by the apparent slowdown in the economy, as showcased by Q1 GDP and the bulk of data-points for the month of March. First quarter GDP growth of 7% was right in line with consensus and matched the overall 2015 target but still marked a 6-year low. Retail sales grew just 10.2% y/y, the slowest since February 2006 and missing forecasts. Industrial output grew 5.6%, the slowest since November 2008 and well below estimates at 7%e. Fixed-asset investment grew at a 14-year low of 13.5%.

Developments on Friday may put a big dent in the Chinese rally and by extension global equities. To help cut leverage and cool equity markets the China Securities Regulatory Commission banned the margin trading arms of brokerages from taking part in so-called "umbrella trusts", raising fears of a big China equity selloff. The regulator also placed limits on margin trading for highly risky small stocks that trade OTC, and warned the small investors driving the mainland equity rally not borrow money or sell property to buy stocks.

Apr 17 2015

Another nice day to finish nice week. 5 wins (most of them are larger ones) far outweighing two stops. 

Session Time: Fri Apr 17 00:00:00 2015
[09:15] {dino> gm
01[09:16] {@Threei>  dino :)
[09:18] {jfjf64> Mornin
01[09:19] {@Threei>  jf :)
[09:19] {drewj> Hi guys
01[09:19] {@Threei>  drew :)
[09:29] {dino> china stocks bloody
01[09:30] {@Threei>  Upside:
01[09:30] {@Threei>  -RXII +20% (received FDA orphan drug designation for Samcyprone)
01[09:30] {@Threei>  -CE +12.5% (earnings)
01[09:30] {@Threei>  -IGTE +8.2% (earnings/takeover speculation)
01[09:30] {@Threei>  -MAT +8 % (earnings)
01[09:30] {@Threei>  -BMY +4% (positive Phase 3 Opdivo lung cancer trial)
01[09:30] {@Threei>  -SLB +2.8% (earnings)
01[09:30] {@Threei>  -ICPT +2.5% (positive broker commentary)
01[09:30] {@Threei>  Downside:
01[09:30] {@Threei>  -ATHX -52% (Phase 2 multistem cell therapy for ischemic stroke missed endpoints; PFE also down marginally on the news)
01[09:30] {@Threei>  -PRO -16% (cutting outlook)
01[09:30] {@Threei>  -AMD -12% (earnings)
01[09:30] {@Threei>  -NOW -8% (earnings)
01[09:30] {@Threei>  -MTW -7% (final determination in Sany patent litigation)
01[09:30] {@Threei>  -WUBA -6% (confirmed takeover of Ganji)
01[09:30] {@Threei>  -AKBA -5.7% (priced 7.3M shares at $8.25/shr)
[09:32] {jfjf64> Wuba
01[09:32] {@Threei> Long Setup:  IWM  .10 break
01[09:32] {@Threei>  If holds  125
01[09:32] {@Threei>  1:1
01[09:33] {@Threei>  1:2
[09:34] {dino> now blood
01[09:35] {@Threei>  1:3
01[09:35] {@Threei>  out and happy
[09:36] {jfjf64> Ty
01[09:36] {@Threei>  yw
[09:37] {dino> gj
[09:38] {jfjf64> Apc long.10
[09:39] {jfjf64> 1:1 1:2
[09:39] {dino> gj
[09:41] {jfjf64> Out
[09:41] {jfjf64> Ty
[09:42] {jfjf64> Gettin ugly
[09:42] {dino> anybody use optionshouse/trademonster? can't log in
01[09:42] {@Threei> Long Setup:  VXX  .25 break
01[09:43] {@Threei>  If holds  .15
[09:43] {jfjf64> Die mkt
[09:44] {jfjf64> 8 hrs of gettin hit
01[09:44] {@Threei>  1:1
01[09:45] {@Threei>  1:2
[09:45] {jfjf64> Love it
[09:46] {drewj> Great start Vad
01[09:48] {@Threei>  as jf once said... "I see you've done it before"
[09:49] {jfjf64> Lol
[09:50] {jfjf64> Stay with vxx
[09:50] {jfjf64> Imo
[09:53] {jfjf64> Axp dead
[09:56] {jfjf64> Lod shorting
[09:59] {jfjf64> 70 short
[10:01] {jfjf64> Na invalid
[10:04] {jfjf64> .90 short axp
[10:05] {dino> deck hl l ave .48
[10:05] {jfjf64> Invalid
[10:11] {jfjf64> 77 break s axp
[10:12] {jfjf64> Invalid
[10:12] {jfjf64> Lol
[10:13] {jfjf64> Iwm
[10:13] {dino> wday sm l .23
[10:13] {jfjf64> Bottom in
[10:13] {jfjf64> ?
01[10:14] {@Threei>  not sure
[10:14] {dino> drew, both those down hard, added based on market action
[10:15] {jfjf64> Axp 77 break s
[10:15] {dino> deck stop lod
[10:16] {dino> out wday .61, +.38
[10:17] {jfjf64> Invalid
[10:17] {dino> pcrx sm l .80
[10:19] {jfjf64> Trv s .70
[10:22] {jfjf64> Out flat
[10:22] {jfjf64> 1cent from 1:1
[10:29] {dino> wday hl l .75
[10:30] {jfjf64> Cat .35 break
[10:31] {dino> out pcrx .49, +.69
01[10:31] {@Threei> Long Setup:  FB  .20 break
01[10:31] {@Threei>  If holds  .10
[10:32] {jfjf64> Nice dino
[10:33] {dino> ty
01[10:34] {@Threei>  1:1
01[10:41] {@Threei>  1:2
[10:41] {jfjf64> Yo hit it nice fb
[10:41] {jfjf64> Cat 1:1
01[10:42] {@Threei>  we are a pigeon today
[10:42] {jfjf64> ?
01[10:42] {@Threei>  some days you are a pigoen, some days you are a statue
[10:43] {jfjf64> Ahh
01[10:43] {@Threei>  :)
[10:43] {jfjf64> Me a cat right now
01[10:44] {@Threei>  oh god
01[10:44] {@Threei>  I envisioned jf meowing... I need a therapy
[10:45] {jfjf64> Meow
[10:45] {jfjf64> Nice vol
[10:46] {jfjf64> Slave to spy
[10:46] {jfjf64> What is our stop fb
01[10:47] {@Threei>  .29
[10:47] {jfjf64> Cat died
[10:49] {jfjf64> How bout 82 for fb
[10:49] {dino> still prefer the bear analogy
[10:52] {jfjf64> Axp 77 break short
[10:52] {jfjf64> One more try
[10:52] {jfjf64> Invalid
[10:52] {jfjf64> Lol
[10:55] {dino> narrow range
[10:58] {jfjf64> Uvxy s .35 break
[10:58] {dino> added wday calls
[11:00] {jfjf64> Invalid
[11:02] {jfjf64> Anac one for you dino
[11:04] {dino> ty, but nah
[11:04] {dino> around 64 maybe
[11:14] {dino> htwr smr l .15
[11:16] {dino> wday smr l .94
[11:17] {jfjf64> Wuba 67 long
[11:18] {jfjf64> 500 shares
[11:18] {jfjf64> 25 c stop
[11:26] {jfjf64> B/e
[11:35] {dino> out deck .73, +.25
[11:36] {dino> out wday .33, +.39
01[11:38] {@Threei>  nice back to back winners
01[11:38] {@Threei>  Ahead of the US session, Chinese regulators said they would change regulations in order to tamp down margin trading, which has sent European and US equities to their lows of the week.
01[11:38] {@Threei>  idiots
01[11:49] {@Threei> Long Setup:  VXX  .40 break
[11:51] {drewj> what type of setup is this?
01[11:51] {@Threei>  pullback entry
02[11:58] * Disconnected
Session Close: Fri Apr 17 11:58:14 2015

Session Start: Fri Apr 17 11:58:14 2015
Session Ident: #discussions
02[11:58] * Attempting to rejoin channel #discussions
03[11:58] * Rejoined channel #discussions
01[12:13] {Threei>  no go
[12:37] {dino> stuck in 20 point dji range
01[12:38] {Threei>  yeah
01[12:38] {Threei>  hoped for breakdown to take us out of the range
02[12:41] * Disconnected
Session Close: Fri Apr 17 12:41:09 2015

Session Start: Fri Apr 17 12:41:09 2015
Session Ident: #discussions
02[12:43] * Attempting to rejoin channel #discussions
03[12:43] * Rejoined channel #discussions
01[12:58] {Threei> Long Setup:  FB  .10 break
01[12:58] {Threei>  If holds  81
[13:04] {drewj> Are you expecting SPY tp move up here?
[13:04] {drewj> to
01[13:05] {Threei>  that's what chart shows
01[13:18] {Threei>  be back in 30
01[13:18] {Threei>  orders in place to manage FB
[13:37] {dino> btfd
01[13:41] {Threei>  sliding down so far
[13:42] {dino> yeah, maybe wait until monday
[13:42] {dino> oh, btw, i'm off monday, golf turnament
01[13:46] {Threei>  cool
[13:52] {dino> yeah, golf season finally starting here. will be taking some days off periodically until sept
01[13:54] {Threei>  friki VXX
01[13:54] {Threei>  got away
01[14:09] {Threei> Long Setup:  FB  .60 break
01[14:09] {Threei>  If holds  .50
01[14:11] {Threei>  Invalidated
01[14:11] {Threei>  change to .55 break
01[14:11] {Threei>  If holds  .45
[14:15] {dino> just a very slow drop
[14:15] {dino> volume light?
[14:15] {dino> feels so
01[14:16] {Threei>  actually higher than yesterday
01[14:19] {Threei>  change FB to .45 break
01[14:20] {Threei>  1:1
01[14:22] {Threei>  1:2
[14:34] {drewj> sino did you buy sage puts?
[14:35] {drewj> looks like a good choice at this point
[14:35] {drewj> dino
[14:37] {dino> lol i typed in sino
[14:37] {dino> no, the bios scare me
[14:37] {dino> wish i had
[14:39] {drewj> :)
[14:40] {drewj> they are really wild at times
[14:40] {dino> gotta hop, attorney appt. then happy hour. decent week, thx for ideas. back on tuesday
[14:40] {drewj> take care.  good luck in the tourney
01[14:40] {Threei>  have fun dino
[14:41] {dino> ty, enjoy the weekend
01[14:50] {Threei> Long Setup:  FB  .65 break
01[14:50] {Threei>  If holds  .55
[14:53] {drewj> You doing anything fun this weekend Vad?
01[14:53] {Threei>  got a photoshoot on Sat... the rest of the weekend isd walking, bbqing
01[14:53] {Threei>  Invalidated
[14:54] {drewj> What kind of photoshoots do you do?
01[14:55] {Threei>  this one is for ballet school
01[14:55] {Threei>  normally I am landscape/nature/wildlife photographer
01[14:55] {Threei>  rarely people
[14:55] {drewj> I've seen your website.  Cool stuff.
01[14:56] {Threei>  ty
01[14:56] {Threei>  my neck of the woods is beyond spectacular
01[14:56] {Threei>  a lot of material
[14:57] {drewj> I've seen pictures.  How is the weather there?
01[14:57] {Threei>  best in Canada
01[14:57] {Threei>  no snow
01[14:57] {Threei>  rarely freezing temps, and very briefly
[14:57] {drewj> You ski?
01[14:57] {Threei>  nah
[14:57] {drewj> More like California then
01[14:57] {Threei>  not that hot
01[14:58] {Threei>  summer is much more moderate
01[14:58] {Threei>  winter is more rainy
01[14:58] {Threei>  I'd say, add Portland to San Diego and divide by two :)
[15:01] {cosmo> they've done that with their sports teams
01[15:01] {Threei>  lol
01[15:13] {Threei>  FB is valid again
[15:23] {drewj> is this pullback entry also?
01[15:25] {Threei>  rather break of a consolidation range
[15:26] {drewj> so you enter at the bottom of the range?
01[15:29] {Threei>  well, .65 was the top
01[15:31] {Threei>  here we go
[15:33] {drewj> Sorry.  I'm really tired.  I thought the entry was .55
01[15:34] {Threei>  let's finish then
[15:34] {drewj> I'm going to take a nap!
01[15:34] {Threei>  see you monday
[15:34] {drewj> Have a nice weekend.  Thanks for everything Vad
01[15:34] {Threei>  :)

Apr 16 2015

Nice follow through, isn't it? Pleasure to see when the pattern is holding so strongly

(Chart's courtesy of a broker)


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

Apr 15 2105

Very solid day with a lot of nice plays. Notably, CELG 1:4 was the one that put us that far over the goal line that we could try and push for more without risking much.


Session Time: Wed Apr 15 00:00:00 2015
[09:04] {dino} gm
01[09:04] {@Threei}  dino :)
[09:04] {drewj} gm guys
[09:05] {jfjf64} Mornin all
01[09:06] {@Threei}  drew, jf :)
01[09:23] {@Threei}  Upside:
01[09:23] {@Threei}  -CLSN +27% (announced positive data from Phase 2 DIGNITY study)
01[09:23] {@Threei}  -OTIV +12% (engaged Houlihan Lokey to explore strategic alternatives)
01[09:23] {@Threei}  -ANGI +11% (CEO stepping down; raising FY15 Adj EBITDA guidance range)
01[09:23] {@Threei}  -SWHC +11% (raised Q4 guidance)
01[09:23] {@Threei}  -FOMX +8% (upsized offering to $60M v. $50M)
01[09:23] {@Threei}  -KITE +5% (Jefferies presentation today)
01[09:23] {@Threei}  -MBLY +4.4% (positive broker commentary)
01[09:23] {@Threei}  -FXCM +3.7% (MAR metrics)
01[09:23] {@Threei}  -PNK +3.6% (Gaming & Leisure reportedly raised offer for PNK's real estate assets)
01[09:23] {@Threei}  -CNHI +3.6% (confirmed 2015 outlook; expects to lower capex in '15)
01[09:23] {@Threei}  Downside:
01[09:23] {@Threei}  -ALU -16% (confirmed merger with NOK; NOK & ERIC also down marginally while CIEN & JNPR up marginally on the news)
01[09:23] {@Threei}  -STWD -2.3% (announced offering of 12M shares)
01[09:31] {@Threei} Short Setup: DAL  .70 break hl
01[09:31] {@Threei}  If holds  .80
01[09:32] {@Threei}  change to .75
01[09:32] {@Threei}  If holds  .85
01[09:32] {@Threei}  Invalidated
[09:32] {dino} dwti hl l .25
01[09:34] {@Threei} Long Setup:  FB  .20 break
01[09:34] {@Threei}  If holds  .10
[09:35] {dino} out dwti ave .69, +.44
[09:36] {dino} too soon
[09:38] {dino} deck hl l .98
01[09:38] {@Threei} Long Setup:  FB  83 break
01[09:38] {@Threei}  If holds  .90
01[09:39] {@Threei}  1:1
[09:42] {dino} out deck .33, +.35
[09:45] {jfjf64} Dal bounce time
[09:46] {jfjf64} Not
01[09:46] {@Threei} Long Setup:  DAL  .50 break
01[09:46] {@Threei}  If holds  .40
01[09:47] {@Threei}  no go
[09:47] {jfjf64} Wow
[09:47] {jfjf64} Need coffee
[09:52] {drewj} Short FB?
[09:53] {dino} fltx spike
01[09:54] {@Threei} Long Setup:  MCD  97 break
01[09:54] {@Threei}  If holds  .90
01[09:59] {@Threei}  1:1
[09:59] {dino} sage spike
01[10:00] {@Threei}  *(US) APR NAHB HOUSING MARKET INDEX: 56 V 55E
01[10:02] {@Threei}  1:2
01[10:06] {@Threei} Long Setup:  FCX  .30 break
01[10:06] {@Threei}  If holds  .25
01[10:10] {@Threei}  1:1
01[10:11] {@Threei}  1:1  MCD
01[10:11] {@Threei}  out
01[10:12] {@Threei}  1:3  MCD
01[10:12] {@Threei}  1:4... too soon
[10:12] {cosmo} for lunch?
[10:13] {drewj} nice one vad
01[10:13] {@Threei}  1:5... grrr
01[10:14] {@Threei}  MCD burger is always too soon for lunch, as far as I am concerned :)
01[10:14] {@Threei} Short Setup: MCD  .40 break
01[10:14] {@Threei}  If holds  .50
01[10:15] {@Threei}  nice doji
01[10:16] {@Threei}  1:1
[10:17] {cosmo} I understand MCD planning for a 3 star, seated service restruant at Machu Picchu soon ....should be special, no?
[10:17] {dino} nsam drop
01[10:18] {@Threei}  do they use local meat of mountain goats?
[10:18] {dino} rats
[10:18] {cosmo} and dogs
[10:19] {cosmo} dogs for pork
01[10:19] {@Threei}  I'll pack my own lunch...
[10:20] {cosmo} they'll check you for that i think
[10:20] {cosmo} like they do at the ball parks....
06[10:23] * @Threei cancels his Machu Picchu trip
[10:24] {drewj} I still like Mcdonald's burgers.
[10:24] {drewj} rats or no rats
[10:24] {cosmo} there still is time before they build 3i
[10:24] {dino} i like the quarter pounder
[10:24] {drewj} yup
[10:24] {dino} nsam hl l .70, careful pulp
[10:24] {drewj} nuggets are good too
[10:25] {dino} the salads are good too
[10:25] {dino} and breakfast the best
[10:25] {drewj} dino how many shares is a half lot for you?
[10:25] {cosmo} the quaarter pound patty does great inside your catcher's mitt
[10:25] {drewj} lol
[10:25] {cosmo} takes out the sting
[10:25] {dino} drew 500
[10:26] {dino} sm=400 smr=300   no mention = full lot/1000
[10:26] {dino} sage crazy for stock issuance at 52.5-
01[10:27] {@Threei}  1:2  FCX
[10:28] {dino} damn nsam, vwap never hit
01[10:31] {@Threei}  FCX Seeing elevated put activity today7K Aug 16 puts traded at $0.65
01[10:32] {@Threei}  1:2  MCD
[10:33] {dino} gj
01[10:33] {@Threei}  ty
01[10:33] {@Threei}  steady
[10:35] {drewj} thanks dino
01[10:35] {@Threei}  1:3  FCX  close enough
01[10:35] {@Threei}  out in full
[10:36] {dino} np
[10:38] {dino} nsam to .04
[10:38] {jfjf64} Ty
[10:40] {dino} nsam to .24
[10:41] {dino} out nsam .24 +.52
01[10:43] {@Threei}  not too shabby
[10:44] {dino} ty, 3 for 3, at daily goal already.
01[10:45] {@Threei}  Poland's prime minister spoke out Wednesday against plans by a Russian motorcycle club to ride through Poland on a journey to Berlin to mark the 70th anniversary of the Soviet victory over Nazi Germany.
01[10:45] {@Threei}  The Night Wolves, a nationalistic group loyal to Russian President Vladimir Putin, plan to retrace the westward path that Red Army soldiers took across eastern Europe as they fought Nazi troops.
[11:03] {dino} .
01[11:04] {@Threei} Long Setup:  IWM  .45 break
01[11:04] {@Threei}  If holds  .35
[11:12] {drewj} Vad I'd like to understand how you judge that a trade is invalid.
[11:13] {drewj} Do you wait until the price action is only 10 cents wide?
01[11:13] {@Threei}  if a stop level is hit before triggering
[11:13] {drewj} How does that relate
[11:13] {drewj} ?
01[11:13] {@Threei}  I don't understand, sorry
01[11:13] {@Threei}  look at IWM
[11:13] {drewj} Oh...because the price is too far away from the trigger?
01[11:13] {@Threei}  .45 is trigger
01[11:14] {@Threei}  .35 is condition
01[11:14] {@Threei}  if it loses .35 before triggering, it's invalidated
[11:14] {drewj} SO how can it become valid again?
01[11:14] {@Threei}  .35 is support level which, if lost is stopping trade or invalidating it
01[11:15] {@Threei}  if a trade is on already (.45 is broken), .35 becomes stop level
01[11:15] {@Threei}  if a trade never triggers, .35 remains invalidation level
[11:15] {drewj} So your trades all have S/R trigger and some support level as a stop?
01[11:16] {@Threei}  yes
[11:16] {jfjf64} First nice day here
[11:16] {jfjf64} Ant invasion
[11:16] {jfjf64} Can't win
01[11:16] {@Threei}  weather wise, jf?
[11:16] {drewj} Be careful jf...
[11:16] {jfjf64} Yes
[11:17] {drewj} Vad so what is the way you determine to fade a setup?
01[11:17] {@Threei}  I've no idea how to asnwer that :)
[11:17] {drewj} say something mysterious
01[11:18] {@Threei}  I work in mysterious ways
[11:18] {jfjf64} He stands on his head
[11:18] {drewj} oh my
01[11:18] {@Threei}  Invalidated  IWM
01[11:18] {@Threei}  see?
[11:18] {drewj} i have seen the light
01[11:18] {@Threei}  .35 is lost before triggering
[11:18] {drewj} but you do not want to short it?
01[11:18] {@Threei}  conditionof setup validity is not there anymore
01[11:19] {@Threei}  not really, it's too random time of the day now
[11:20] {drewj} so if the follow through were to be on the short side now it might be worth a look to short it?
[11:21] {jfjf64} Twtr s here
01[11:21] {@Threei}  often, yes
01[11:21] {@Threei}  .20 break, jf...
[11:22] {jfjf64} Yes
[11:22] {jfjf64} Tight stop
[11:23] {jfjf64} Invalid
[11:26] {jfjf64} 20 break
[11:26] {jfjf64} Hold 30
[11:27] {jfjf64} Lets get tweetie
01[11:27] {@Threei}  jf sounds like courting a girl
[11:36] {jfjf64} Common already
[11:36] {jfjf64} Die
01[11:42] {@Threei}  nice
01[11:42] {@Threei}  down she goes
[11:44] {jfjf64} Ty
[11:44] {jfjf64} Boy look fcx grind up
[11:49] {jfjf64} Mcd 97
[11:49] {jfjf64} Looks good
[11:49] {jfjf64} ?
[11:51] {dino} scor spike
[11:53] {jfjf64} Vol subs
[11:53] {jfjf64} Wuba
01[11:55] {@Threei}  The Greece situation keeps getting uglier. A German Finance Ministry official told the press that no one expects outstanding issues to be resolved by the April 24th Eurogroup meeting and echoed other commentators in saying that no progress being made in current negotiations.
[11:56] {jfjf64} Long 63.00
[11:56] {jfjf64} Out
[11:57] {jfjf64} Going to lunch
[11:58] {jfjf64} Will shoot mysel later for takin .30 cents
[11:58] {jfjf64} Will be up 3.00 bucks
01[12:13] {@Threei}  German Finance Minister Wolfgang Schaeuble said on April 15 that the United States must play an important role in helping to solve the crisis in Ukraine
01[12:14] {@Threei}  amazing... troubles in their backyard, threatening them the most
01[12:14] {@Threei}  and it's US that need to solve it
01[12:15] {@Threei}  read this and tell me you don't eant to smack this guy over the head:
01[12:15] {@Threei}  "We will not fall back into the history of a 100 years ago that you can change with military force. For this we need the United States," Schaeuble said
01[12:15] {@Threei}  "We know that we need the United States. We know that we have to care as Europeans on this matter, better than most have expected that the Europeans would do, but it is difficult to get it. A difficult job," he said.
[12:20] {dino} once again, asking usa to carry the load
01[12:27] {@Threei}  yes - and no doubt, cursing it for being agressive right after
[12:30] {drewj} They can't do much themselves because they aren't allowed a military to do it.
01[12:31] {@Threei}  Germany yes, but what about the rest of EU
[12:31] {drewj} They bicker to much to stand united against Russia.
01[12:32] {@Threei}  there you go
[12:32] {drewj} Collectively they would have a chance but as separate whiny countries they can't do much.
01[12:33] {@Threei}  and so, which three countries send military personal to Ukraine now to train their army?
01[12:33] {@Threei}  answer is quite striking
01[12:34] {@Threei}  US, UK, Canada
[12:34] {dino}  putin will take all of ukraine before eu acts. and then they will just say, you can have ukraine but no more (which is basically what they said about crimea
[12:34] {drewj} Not sure.  US. UK
01[12:35] {@Threei}  yeah, and next thing you know, he says "ty, and btw, Moldova, Belarus, and a few more are mine too"
[12:35] {drewj} I almost had it
[12:35] {drewj} A new Hitler.
[12:35] {dino} rio drop
01[12:36] {@Threei}  yup... similarities are mind-boggling
[12:36] {dino} sm l .93 rio
[12:39] {dino} wow sage
[12:42] {dino} gs cuts rio to sell, stop to .03
[12:44] {dino} to .13
[12:47] {dino} to .16
[12:48] {dino} to .23
[12:49] {dino} out rio .23, +.30
[12:54] {drewj} Nice dino
[12:57] {dino} ty
[12:58] {drewj} GDX break .70?
01[12:59] {@Threei}  chart is right but too narrow and slow
01[12:59] {@Threei}  just doubt there is enough room for profit
[12:59] {drewj} So no follow through...?
01[13:01] {@Threei}  why, it may follow through just fine, it's just a very narrow mover
01[13:01] {@Threei}  you need something with enough room for movement
01[13:02] {@Threei}  unless you intend a scal for 5-6 cents with large shares
01[13:02] {@Threei}  scalp
01[13:02] {@Threei}  then yes, it's a good one
01[13:05] {@Threei}  remember scalp type 1 from scalping videocourse?
01[13:05] {@Threei}  this is perfect stock for that
01[13:06] {@Threei}  right about now you'd start feeding your shares into buying at .76
01[13:06] {@Threei}  let's say 3K out of 5
[13:07] {drewj} ok
[13:12] {drewj} This is really interesting to me Vad.
[13:12] {drewj} So follow through has nothing to do with the width then right?
[13:13] {drewj} Then that would mean the wide movers have to have more space between trigger and next S/R?
01[13:16] {@Threei}  follow through is a measurement of how well stocks follow the pattern
01[13:16] {@Threei}  width is a room for profit
[13:16] {drewj} So then dino would be on the extreem end of this conversation trading over-reactions with huge price swings?
01[13:16] {@Threei}  pretty much
01[13:17] {@Threei}  and notice this important element:
01[13:17] {@Threei}  while on this narrow mover we talk about large shares, to utilize relatively small move,
01[13:17] {@Threei}  in dino'sa case shares must be lower, to handle increased risk
[13:28] {dino} back in 30-45
[13:33] {drewj} GDX took off
01[13:46] {@Threei}  good chart is good chart
[13:57] {drewj} Vad you said GDX didn't have a lot of room for movement...did you say that because the price range before that was narrow as well?
01[13:57] {@Threei}  yeah, general range is too small
01[13:58] {@Threei}  on daily too
01[13:58] {@Threei}  it just rarely moves large
01[14:07] {@Threei}  anyone wants to cross the stix river to the valley of shadows?
01[14:07] {@Threei}  Chaeron is here
[14:08] {Chaeron} Hi everybody! I didn't want to interrupt the major flow of conversation....
01[14:08] {@Threei}  :)
[14:09] {drewj} not too much flow to interupt!
02[14:10] * Disconnected
Session Close: Wed Apr 15 14:10:08 2015

Session Start: Wed Apr 15 14:10:08 2015
Session Ident: #discussions
02[14:11] * Attempting to rejoin channel #discussions
03[14:11] * Rejoined channel #discussions
01[14:12] {Threei}  who kicked me out?
[14:13] {Chaeron} sorry. Habit
01[14:14] {Threei}  sigh
01[14:14] {Threei}  although... getting kicked out of Chaeron's boat might not be a bad thing
[14:16] {Chaeron} naaa. just get wet. Y'all doing great in this market?
01[14:16] {Threei}  steady
[14:16] {Chaeron} good to hear.
01[14:17] {Threei} Short Setup: CELG  .50 break
01[14:17] {Threei}  If holds  .60
01[14:22] {Threei}  valid still
01[14:25] {Threei}  1:1
01[14:27] {Threei}  1:2
[14:30] {drewj} did you call that one because it was at the resistance from Monday?
01[14:33] {Threei}  1:3
01[14:33] {Threei}  I jyst saw setup
02[14:35] * Disconnected
Session Close: Wed Apr 15 14:35:37 2015

Session Start: Wed Apr 15 14:35:37 2015
Session Ident: #discussions
02[14:38] * Attempting to rejoin channel #discussions
03[14:38] * Rejoined channel #discussions
01[14:39] {Threei}  my connection is unstable today
01[14:39] {Threei}  anyway, CELG 1:4
01[14:39] {Threei}  out
[14:42] {jfjf64} Ty
01[14:42] {Threei}  yw
[14:45] {jfjf64} Twtr?
01[14:45] {Threei}  .32 break long
[14:46] {dino} .
01[14:56] {Threei}  Invalidated
[14:58] {dino} dxyn spike
01[15:06] {Threei} Long Setup:  VXX  .95 break
01[15:06] {Threei}  If holds  .90
[15:08] {drewj} Vad do you ever trade with more than 1000 shares on these plays?
01[15:11] {Threei}  on tight ones, yes
[15:32] {drewj} Thanks guys.  I've got to go.  Have a great day.
01[15:34] {Threei}  take care drew
[15:34] {dino} cya drew
01[15:42] {Threei}  move already VXX
01[15:44] {Threei}  here we go
01[15:45] {Threei}  half out
01[15:46] {Threei}  stop to .94
[15:52] {jfjf64} Common vxx
[15:54] {jfjf64} Me out
[15:54] {jfjf64} Ty
01[15:54] {Threei}  yeah, me too
01[15:54] {Threei}  yw
01[15:54] {Threei}  nice day
01[15:54] {Threei}  have a great evening guys, see you tomorrow!
[15:55] {dino} htwr drop
[15:55] {jfjf64} Mkt drop
01[15:56] {Threei}  VXX spike
[15:57] {jfjf64} ?
01[15:58] {Threei}  just wanted you to look, now that we both are out
[15:58] {jfjf64} Lol
01[15:58] {Threei}  :)
[15:58] {jfjf64} Good day
01[15:58] {Threei}  yup
[15:58] {jfjf64} Been on
[15:58] {jfjf64} Have a shot tonight

Apr 14 2015

Nice morning, empty afternoon with rinses all around, and about breakeven day overall

Session Time: Tue Apr 14 00:00:00 2015
[09:08] {dino} gm
01[09:08] {@Threei}  dino :)
[09:10] {drewj} Gm
01[09:10] {@Threei}  drew :)
01[09:14] {@Threei}  IMF updates its World Economic Outlook (WEO) 2015 Growth Outlook- Maintains 2015 global growth forecast at 3.5% - Raises Euro Area (Eurozone) 2015 GDP from 1.2% to 1.5%- Cuts US 2015 GDP from 3.6% to 3.1%
01[09:15] {@Threei}  IMF competes with UN for the title of the most useless?
[09:19] {jfjf64} Mornin
01[09:20] {@Threei}  jf :)
01[09:24] {@Threei}  Upside:
01[09:24] {@Threei}  -DOVR +73% (being acquired by Webster capital at $8.50/shr)
01[09:24] {@Threei}  -ALU +8% (confirmed advanced talks with ALU for potential full combination)
01[09:24] {@Threei}  -GWPH +7% (positive broker commentary - price target increase)
01[09:24] {@Threei}  -BLDR +7% (positive broker commentary)
01[09:24] {@Threei}  -OCN +3.8% (update on regulatory compliance/eps)
01[09:24] {@Threei}  -FAST +3.7% (earnings)
01[09:24] {@Threei}  -Z +3% (halted before guiding initial FY15 EBITDA $80-85M)
01[09:24] {@Threei}  -GALE +3% (completes over-enrollment of NeuVax Phase 3 PRESENT trial)
01[09:24] {@Threei}  -GRPN +2.7% (PE consortium including KKR said to plan acquisition of Ticker Monster - GRPN would divest its stake in Ticket Monster)
01[09:24] {@Threei}  -ALTR +1.4% (positive broker commentary)
01[09:24] {@Threei}  Downside:
01[09:24] {@Threei}  -PBY -6.4% (earnings)
01[09:24] {@Threei}  -NSC -6% (earnings)
01[09:24] {@Threei}  -AAOI -4% (earnings)
01[09:24] {@Threei}  -NOK -3% (confirmed advanced talks with ALU for potential full combination)
01[09:24] {@Threei}  -JCP -2% (guides Q1 SSS)
01[09:24] {@Threei}  -WFC -1% (earnings)
01[09:24] {@Threei}  -LVS -2% (hearing neg broker commentary on Macau MGM CWN.AU)
[09:31] {dino} dwti smr l .60
01[09:32] {@Threei} Long Setup:  FB  .40 break
01[09:32] {@Threei}  If holds  .30
01[09:32] {@Threei}  hectic
[09:32] {jfjf64} Very
01[09:32] {@Threei}  jumps instead of moving
01[09:33] {@Threei} Long Setup:  MCD  .20 break
01[09:33] {@Threei}  If holds  .10
[09:33] {dino} out dwti .6899
01[09:33] {@Threei}  FB valid again
[09:33] {dino} +1.0899
01[09:34] {@Threei}  1:1
[09:34] {dino} tough crowd
01[09:34] {@Threei}  this time is manageble
01[09:34] {@Threei}  nice one dino
[09:34] {dino} ty
01[09:35] {@Threei}  1:2  FB
01[09:36] {@Threei}  MCD to .14
01[09:36] {@Threei}  touched 1:1
[09:37] {dino} gj
01[09:37] {@Threei}  ty
01[09:40] {@Threei}  half out MCD
01[09:40] {@Threei}  takes way too long
01[09:41] {@Threei}  stop is still .14 for the balance
01[09:41] {@Threei}  1:1
01[09:41] {@Threei}  stop to .19 now
01[09:42] {@Threei}  TWTR getting hammered
01[09:44] {@Threei} Long Setup:  TWTR  .90 break hl
01[09:44] {@Threei}  If holds  .80
01[09:45] {@Threei}  1:1
01[09:50] {@Threei} Long Setup:  DAL  .85 break
01[09:50] {@Threei}  If holds  .75
01[09:52] {@Threei}  1:2  MCD
01[09:52] {@Threei}  amazingly slow one today
01[09:52] {@Threei}  must be those burgers weighing it down
[09:54] {dino} caci drop
[09:55] {dino} too thin
[09:55] {dino} z drop
01[09:58] {@Threei}  no go DAL
01[10:00] {@Threei}  *(US) FEB BUSINESS INVENTORIES: 0.3% V 0.2%E
01[10:02] {@Threei}  closed MCD balance on a trail
[10:05] {dino}  smr l z 88.5-
[10:05] {dino} out 89.24, +.74
01[10:06] {@Threei} Long Setup:  MCD  .10 break
[10:06] {jfjf64} Nice
01[10:06] {@Threei}  If holds  97
01[10:06] {@Threei}  nice one dino
01[10:07] {@Threei} Long Setup:  FCX  .45 break
[10:07] {dino} ty, lucky
01[10:07] {@Threei}  If holds  .35
[10:10] {dino} wow z with that guide down, bounced back well
01[10:11] {@Threei}  1:1  MCD
01[10:12] {@Threei}  FCX stop to .39
[10:15] {jfjf64} Common Big Mac
[10:19] {jfjf64} Love chart
[10:20] {jfjf64} Need spy
01[10:21] {@Threei}  SPY is somewhat weird today
01[10:27] {@Threei}  FCX, let's take half off here
01[10:30] {@Threei}  1:1
[10:30] {dino} wuba spike
01[10:30] {@Threei}  closed MCD on a trail
01[10:33] {@Threei} Long Setup:  LVS  .70 break hl
01[10:33] {@Threei}  If holds  .60
[10:34] {dino} wuba smr s .46
[10:35] {jfjf64} U got balls Dino
[10:35] {jfjf64} Lol
[10:36] {dino} bstop .80 -.34
[10:37] {dino} jf, control thru size
01[10:37] {@Threei}  nah LVS
[10:37] {dino} even if spike a buck, would only be 300 bucks
[10:37] {dino} rinsed
[10:39] {dino} damn, none avail now
[10:40] {dino} chrs spike
01[10:40] {@Threei}  WUBA Reportedly agrees to merge with Ganji.com
01[10:41] {@Threei} Short Setup: DAL  .70 break
01[10:41] {@Threei}  If holds  .80
[10:42] {dino} ty 3i, had put order in on wuba
[10:42] {dino} cx'd
01[10:42] {@Threei}  :)
01[10:47] {@Threei}  FCX continues grind-up
[10:47] {dino} qrvo hl l .03 ave
[10:47] {dino} or is it quervo
[10:48] {dino} hmm, no tequila drinkers here i guess
01[10:49] {@Threei}  I am a scotch guy
[10:50] {drewj} I thought you liked vodka?
01[10:50] {@Threei}  it has its uses
[10:50] {dino} beer, tequila, vodka, and scotch
[10:50] {dino} and i like them all chilled
[10:51] {dino} out qrvo .30, +.27
01[10:56] {@Threei}  1:1  DAL
01[11:00] {@Threei}  1:2
01[11:00] {@Threei}  1/4 more out FCX
[11:03] {dino} shak spike
[11:06] {dino} qrvo hlo l .88
01[11:07] {@Threei}  1:1  FCX
01[11:07] {@Threei}  1:2  FCX
[11:07] {dino} gj
01[11:07] {@Threei}  correction
01[11:07] {@Threei}  ty
01[11:07] {@Threei}  and climbs
[11:07] {dino} better
01[11:08] {@Threei}  slow but generous
[11:12] {dino} out qrvo .30, +.42
[11:15] {jfjf64} Gj
[11:30] {dino} ty
[11:32] {dino} pre spike
[11:33] {jfjf64} Wubaaaa
[11:34] {jfjf64} Turned vol on
01[11:34] {@Threei}  (GR) European Commission Vice Presidet Dombrovskis indicates there is unlikely to be a decision on Greece aid on April 24 and will likely not agree on the aid by the end of the month
01[11:34] {@Threei}  I fully expect Greece to make similar headlines in 2025
[11:36] {dino} pre vsm s .56
01[11:36] {@Threei}  PRE Exor offers to acquire company for $130/shr; valued at $4.6B
[11:36] {dino} 130.56
[11:37] {dino} ty
01[11:40] {@Threei}  The miss in the March US retail sales report is dampening US trading today, while European indices closed with some big losses thanks to fresh Greece worries
01[11:40] {@Threei}  The IMF's world economic outlook report grappled with the implications of the strong dollar. The IMF said the US economy would see "robust" +3.1% growth in 2015 and 2016, down from +3.6% and 3.3%, respectively,
01[11:41] {@Threei}  Officials at the IMF voiced doubts about the viability of Greece's membership of the euro zone given that Athens has repeated its threat to default on its obligations. IMF official Poul Thomsen warned that Greek negotiations were not working. These remarks were out this morning, after the FT reported yesterday that a Greek official stated "We have come to the end of the road?.?.?.?If the Europeans won't release bail-out cash, there is no alternative [to a default]."
[11:41] {jfjf64} Dal lod ?
01[11:41] {@Threei}  .50 break short... maybe
[11:41] {dino} axs drop
01[11:41] {@Threei}  kind of random time
[11:44] {dino} cov pre 129.75, +.81
[11:46] {jfjf64} Nicee
[11:46] {dino} ty, got lucky my entry was above buyout offer
[11:57] {dino} taking a break
[12:07] {jfjf64} Takin break also
[12:07] {jfjf64} Hey vg take a break
[12:07] {jfjf64} Lol
[12:08] {jfjf64} Nice grind Am session
01[12:08] {@Threei}  I would if you hadn't waken me up by suggeting I take a break
[12:08] {jfjf64} Lol
[12:08] {jfjf64} No 1:4 while gone
01[12:08] {@Threei}  that's not unlike a nurse to a patient:
[12:08] {jfjf64} See ya 2 pm
01[12:08] {@Threei}  wake up, it's time to take your sleeping pill!
[12:08] {jfjf64} Funny shit
[12:08] {jfjf64} So true
[12:09] {jfjf64} Cat a machine today
01[12:16] {@Threei} Short Setup: FB  .15 break
01[12:16] {@Threei}  If holds  .25
01[12:31] {@Threei}  no go
01[13:01] {@Threei}  be back in 30
01[13:28] {@Threei}  frikin FB rinsed
01[13:58] {@Threei} Short Setup: FB  .85 break
01[13:59] {@Threei}  If holds  .95
01[14:09] {@Threei}  Invalidated
[14:09] {jfjf64} Anything going on
01[14:09] {@Threei}  not really, sleepy period still
[14:09] {cosmo} hmm... approach/avoidance syndrome, maybe
[14:15] {dino} uuuggghhhhhh!!!!!!!!!!!!!
[14:18] {drewj} You ok dino?
[14:19] {dino} yeah, just had a real estate sale fall apart. i'll survive, but pissed off.
[14:20] {drewj} Sorry man.
01[14:21] {@Threei} Long Setup:  DAL  43 break
01[14:21] {@Threei}  If holds  .95
[14:21] {dino} happens about every fourth sale
[14:22] {drewj} Are you in real estate as well?
01[14:22] {@Threei}  buyer changing his mind, or financing falling through?
[14:22] {dino} buyer chickened out
01[14:23] {@Threei}  you guys have a strange system south of border...
01[14:23] {@Threei}  spoke to a friend recently who sold his house and bought new, so could compare
[14:23] {dino} i'm a speculator drew, i buy foreclosure houses have a crew fix them, then flip them. i've flipped 29 foreclosures in last ten years, of course the sale on my 30th falls through. oh well, theres always another buyer
01[14:24] {@Threei}  byters making an offer do not commit really, can pull out at any time
01[14:24] {@Threei}  buyers
01[14:24] {@Threei}  not so in Canada
[14:24] {dino} obummer must hate me, speculator in real estate, stocks, and options.
01[14:24] {@Threei}  there is a deposit attached to your offer, you do commit
[14:25] {dino} 3i, yes, they generally can leave deal without penalty by making up some bs reason
[14:25] {dino} deposits are very hard to keep
01[14:25] {@Threei}  you pull out, you lose deposit, and it's a sizeable chunk, 5-10K
01[14:25] {@Threei}  so no one makes offers willy-nilly
[14:26] {dino} used to be that way. but if financing is involved, buyers can walk away pretty easily
[14:26] {jfjf64} You in dal vg
01[14:26] {@Threei}  no
01[14:27] {@Threei}  lost .95 before breaking
01[14:27] {@Threei}  watching for reestavlishment
01[14:27] {@Threei}  if holdsa now, will be valid on next break
[14:28] {jfjf64} K
01[14:29] {@Threei}  financing falling through is valid reason here too, but in most cases RE agents require mortgage pre-approval
01[14:30] {@Threei}  so most issues are taken care of in advance
[14:30] {dino} here all guy has to do is say something to their bank, and the bank gives a bs reason not to approve the loan, then deal falls apart
01[14:31] {@Threei}  Invalidated
01[14:31] {@Threei}  yeah, not much commitment... can be tough on seller
[14:31] {dino} you see vad, in america, nobody is responsible for their actions anymore
[14:31] {drewj} dino do you hire the crew or are they full tim with you?
01[14:31] {@Threei}  I know
[14:33] {dino} i hire a small crew, they've been working for me for years. its better for me to pay them than to lose time trading or finding another fix/flip
[14:33] {dino} most i do is lawnmowing and sometimes painting
[14:34] {dino} drewj, if you are interested in learning go to biggerpockets.com. free site with great info
01[14:35] {@Threei} Short Setup: FB  83 break
01[14:36] {@Threei}  If holds  .10
[14:47] {drewj} I will check it out dino.  Thanks,
[14:47] {drewj} I have some freinds that so that.
[14:47] {drewj} do
[14:57] {dino} np, gl
01[14:57] {@Threei}  no gi
01[14:57] {@Threei}  o
01[15:01] {@Threei} Long Setup:  IWM  .75 break
01[15:01] {@Threei}  If holds  .65
01[15:02] {@Threei}  change to .70
01[15:29] {@Threei}  not liking second half of the day
01[15:31] {@Threei}  what the deuce
[15:31] {drewj} Got to go guys.  Have a great day.
[15:31] {dino} same. good morning, nothing in afternoon yet
01[15:31] {@Threei}  take care drew
[15:32] {dino} cya drew
01[15:32] {@Threei} Long Setup:  TWTR  .30 break
01[15:33] {@Threei}  If holds  .20
01[15:33] {@Threei}  last try for today
[15:34] {jfjf64} Try
[15:34] {jfjf64} ??
[15:35] {jfjf64} Wash ya mouth out with STOLI ASAP!!!!!!!!!!
[15:35] {dino} hard to keep this market down
[15:36] {dino} can't believe z back to flat after a 40% reduction in estimates
[15:37] {jfjf64} Outa here goodnight boys
[15:37] {dino} gn jf
[15:37] {dino} pnk spike
01[15:37] {@Threei}  take care jf
[15:38] {dino} sm s .50
[15:39] {dino} cov pnk .80, +.70
01[15:39] {@Threei}  wtg
01[15:39] {@Threei}  Invalidated
[15:39] {dino} ty
[15:39] {dino} lately after 3:30 i'm getting a nice spike to short
01[15:39] {@Threei}  ok, empty last hour
01[15:39] {@Threei}  finishing on this
01[15:39] {@Threei}  see you tomorrow!
[15:42] {dino} gn vad