RealityTrader Trading Log

Wednesday, November 28, 2007

November 29, 2007

Session Start: Thu Nov 29 00:00:00 2007

Session Time: Thu Nov 29 00:00:00 2007

[05:47] {bruce} gm all
[05:48] {BillyD} bruce :)
[05:48] {bruce} billy
[05:59] {dino} gm all
[06:02] {bruce} hi dino
[06:04] {bruce} would think all this current volatility is great for your trading style now dino
[06:06] {dino} actually yesterday did not do well (no pullbacks), but the month of nov. was very good
[06:06] {Threei} Good morning folken
[06:07] {bruce} I remember lots of days when naz futures only did 12 -15 points
[06:07] {BillyD} dino, Vad :)
[06:07] {bruce} but 40 - 80 of late
[06:07] {Threei} Billy :)
[06:07] {bruce} hi vad
[06:07] {Threei} bruce :)
[06:08] {Threei} dino, just much fan can magoo have?
[06:08] {Threei} fun
[06:08] {bruce} lol - jealous vad?
[06:08] {Threei} very
[06:08] {dino} dk, thought he would be here today
[06:08] {Threei} :)
[06:08] {Threei} btw, funny thing
[06:09] {Threei} slow big climb days,
[06:09] {Threei} usually not good for your style,
[06:09] {Threei} and not good for mine
[06:09] {bruce} poor vad can't spend his nigerian millions cause hes committed to helping us newbies
[08:12] {Roman} long URRE small & slow
[08:12] {dino} zolt stopped -.32
[08:13] {bruce} any read eslr vad?
[08:14] {Threei} Roman called it earlier
[08:14] {Threei} he has better grip on these solar moves today
[08:14] {bruce} k
[08:15] {Roman} i am not sure at this point, i am sitting from 13.25
[08:15] {Roman} it just keeps moving higher slow which is good
[08:15] {BillyD} ONNN should go now if possible
[08:16] {BillyD} 80K blk
[08:16] {Roman} long PEIX boucning on daily, may keep swing
[08:16] {bruce} thanks roman
[08:16] {bruce} chart looked good but thought it might be near end ofmove
[08:18] {Roman} CTDC
[08:18] {Roman} long small
[08:18] {Roman} 5.65 area
[08:19] {Roman} out 1/2 CSUN +.46
[08:23] {Threei} market is ready for break
[08:24] {BillyD} .
[08:24] {Threei} needs to hold 2100 and break 2105
[08:25] {Threei} watching NVDA for long entry
[08:25] {Threei} closest support is.10
[08:27] {BillyD} re enter JADE .32...stop under .30
[08:27] {Threei} in
[08:28] {Threei} .09 stop
[08:28] {dino} flir bstop to .18
[08:29] {dino} stopped .19, +.39\
[08:30] {Threei} half out NVDA 1:1
[08:30] {Threei} NQ obliges
[08:31] {BillyD} I hesitated on it and then tried .21 too late
[08:31] {BillyD} gj
[08:31] {Threei} ah, better entry price... like to lure of siren's song... never what it promises to be yet qwho of us can resist it
[08:32] {dino} hl l flir .50
[08:33] {Threei} out in full NVDA
[08:33] {Threei} +.30
[08:35] {Threei} OPEC SHIPMENTS IN 4 WEEKS TO DEC 15 SEEN UP 0.48M BPD, OPEC UPHOLDING PLEDGE TO BRING FRESH OIL TO THE MARKET - WIRE CITES OIL TANKER TRACKER
[08:36] {Threei} does oil go sour?
[08:36] {bruce} zolt is really climbing
[08:37] {Threei} XING tries for 2 day's break
[08:37] {Threei} tough read, not sure
[08:38] {BillyD} out some ONNN here
[08:38] {esemde} have a great day all...
[08:39] {BillyD} cya ese
[08:39] {Threei} take care ese
[08:39] {Threei} great job with CSIQ today
[08:39] {dino} hl l sirf .27
[08:40] {bruce} bye ese
[08:40] {BillyD} ONNN new high
[08:40] {Threei} new high ONNN, believe it or not
[08:40] {BillyD} yahoo
[08:40] {Threei} I personally don't
[08:40] {Threei} out half
[08:41] {Threei} sharp downtich NQ
[08:41] {Threei} gotta secure it
[08:41] {BillyD} now you tell me lol
[08:44] {Threei} CAMD?
[08:44] {Threei} I don't see news
[08:45] {BillyD} me either
[08:46] {Threei} .76 another NVDA trigger, if stays above .65
[08:48] {Threei} 1:1 NVDA
[08:48] {BillyD} out ...only a 100 fill
[08:48] {BillyD} ty
[08:49] {Threei} out in full
[08:49] {Threei} .97
[08:50] {BillyD} nice
[08:51] {Threei} NVDA behaves much better than BRCM today
[08:51] {Threei} glad to make right choice betwen them
[08:51] {BillyD} yeah
[08:58] {dino} flir stopped
[08:59] {BillyD} out more ONNN here
[08:59] {dino} \sirf stopped flat
[09:01] {BillyD} out rest ONNN ty vad
[09:01] {Threei} welcome
[09:01] {Threei} what a torture
[09:02] {Threei} fooled me by being so perky yetsterday,
[09:02] {BillyD} yeah...but honestly chart looks good on daily
[09:02] {BillyD} who has the patience
[09:02] {Threei} and with strong market and important resistance break today I expected real continuation
[09:03] {BillyD} .47 area is daily resisitance
[09:03] {BillyD} it seems most my trades today been tortur trades
[09:14] {BillyD} notice how ONNN is holding
[09:19] {bruce} zolt inally looking weak dino
[09:20] {dino} ltre s hl .28
[09:20] {dino} tough one zolt'
[09:27] {dino} ltre stopped -.34
[09:27] {dino} taking a break
[09:30] {BillyD} out JADE .35 ....enough slowness for now
[09:31] {dino} teloz
[09:31] {BillyD} Vad..any read NVDA here
[09:32] {Threei} not at the moment
[09:32] {dino} l .67 teloz
[09:33] {BillyD} seems abit disconnected
[09:34] {bruce} arna - any read vad?
[09:35] {Threei} at this point it's ONNN's sibling
[09:36] {bruce} lol
[09:36] {bruce} sisters in torture
[09:41] {dino} teloz stopped .50 -.17
[09:44] {bruce} taking a break here
[09:47] {dino} tbsi s .20
[09:52] {dino} cov tbsi 37.80, +1.40
[09:54] {Threei} good one... quick too
[09:55] {dino} finally
[09:55] {dino} osip
[09:56] {dino} sxci s .49
[10:02] {cosmo} TIVO acting up
[10:02] {Threei} PACT SUBSIDIARY ANNOUNCES ECOMMERCE AGREEMENT IN CHINA
[10:02] {Threei} - Subsidiary has entered into an agreement to place its Electronic Bingo Machines with a leading slot operator in Asia
[10:04] {cosmo} TiVo Statement on the United States Patent and Trademark Office Decision
[10:04] {cosmo} PR Newswire (Thu 12:55pm)
[10:04] {cosmo} fwiw
[10:04] {Threei} 12:57pm [TIVO] Says pleased that Patent Office found Time Warp DVR patent claims valid
[10:05] {cosmo} time warp?
[10:05] {dino} sirt
[10:05] {Threei} chronoclastic infundibula
[10:06] {Threei} BIN LADEN CALLS ON EUROPEAN COUNTRIES TO END MILITARY COOPERATION WITH THE U.S. IN AFGHAN WAR - CITING AL JAZEERA
[10:09] {cosmo} http://en.wikipedia.org/wiki/Special:Search?search=chronoclastic+infundibula&go=Go
[10:09] {cosmo} sigh
[10:12] {dino} sxci bstop to .51
[10:14] {dino} stopped -.02
[10:15] {Threei} if you are bored and want action badly, TIVO .15 long with .04 stop
[10:22] {Threei} almost 1:1 TIVO
[10:23] {cosmo} santa likes it
[10:24] {Threei} 1:12
[10:24] {Threei} 1:1
[10:24] {Threei} nice and clean
[10:25] {Threei} that's 4 for 4 today
[10:25] {Threei} can I go home?
[10:25] {BillyD} good selectivity
[10:30] {dino} gj 3i
[10:30] {Threei} ty
[10:31] {Threei} 1:2
[10:32] {Threei} me no held
[10:32] {Threei} if thee did, thee happy
[10:36] {dino} gs sm l .73
[10:42] {dino} stopped
[10:47] {Threei} MOGN pulled back into support
[10:47] {Threei} bounce candidate
[10:48] {Threei} just a scalp, don't count on major move
[10:48] {BillyD} entry?
[10:48] {Threei} would like one more leg of selling
[10:49] {Threei} WHITE HOUSE ECON ADVISOR LAZEAR: "MORE PRONOUNCED" HOUSING SLOWDOWN CONTRIBUTED TO CUT IN ECONOMIC FORECAST - WIRE HEADLINE- Housing will hurt GDP growth at least through 1H 2008
[10:50] {BillyD} didn't see selling pronounced enough to enter
[10:50] {Threei} missed it
[10:55] {bruce} amex is down
[10:55] {bruce} dinos probably been overtrading it
[10:57] {Threei} lol
[10:58] {Threei} if not for ETFs trading on AMEX, not many would even suspect it existed
[10:58] {dino} lol
[10:58] {bruce} dltr vad - any read?
[10:59] {Threei} I can read all 4 letters just fine, thank you
[10:59] {Threei} beyond that... not much
[10:59] {bruce} k
[10:59] {bruce} thats about it for me too
[10:59] {Threei} oh, and I like company name
[11:00] {BillyD} vAd...MOGN seems holding a bit here
[11:00] {Threei} artcile in today's paper titled Earth fails to meet warming prediction for 2007
[11:00] {BillyD} Vad...dis regard last comment
[11:01] {Threei} I am going to start believing in global warming predictions for 2050 and beyond when they get current year right at least 3 out of 5
[11:01] {cosmo} volcanism has been slacking
[11:01] {Threei} no worry Billy, I disregraded it before looking at quotes
[11:01] {bruce} sure a lot warmer here vad
[11:02] {bruce} live on priaires and winters are way milder than 20 yrs back
[11:02] {Threei} hmmm... I lived through copldest winter on record in manitoba
[11:02] {Threei} and it was much more recent than 20 years :)
[11:03] {Threei} as a matter of fact... I managed to arrive to Canada on the coldest day in manitoba's recorded history
[11:03] {Threei} Feb 1 1996, -52 C
[11:03] {BillyD} lol...mere coincidence
[11:04] {bruce} hmmm
[11:04] {cosmo} they must have need you 3i
[11:04] {cosmo} needed
[11:04] {Threei} not my problem anymore
[11:04] {bruce} brought some of htat old moscow chill with you sounds like
[11:04] {bruce} must have felt lke home
[11:04] {Threei} not at all
[11:04] {Threei} I am from way milder climate area
[11:05] {bruce} stec is moving
[11:05] {bruce} ?
[11:05] {Threei} before coming to prairies I had no slightest idea it can be THAT cold
[11:05] {bruce} there is a "mild" climate area in russia?
[11:05] {Threei} have you seen russia on map? :)
[11:06] {bruce} sure
[11:06] {Threei} not even mentioning that I am from Ukraine
[11:06] {bruce} its just a little speck
[11:06] {bruce} lol
[11:06] {Threei} yup... that it is
[11:06] {bruce} ah
[11:06] {bruce} ukraine
[11:06] {bruce} that explains it
[11:07] {BillyD} Vad....TIVO got any gas left in 7.50 break
[11:07] {Threei} I am not comfortable with it at this level Billy... looked at it too
[11:07] {dino} tbsi s .64
[11:07] {BillyD} ok...ty
[11:07] {Threei} opullback maybe
[11:07] {Threei} but break, not anymore
[11:08] {Threei} see this ugly formation it made after this last break?
[11:08] {BillyD} yes
[11:08] {Threei} barely made new high, then formed something otherwordly
[11:09] {BillyD} it dropped right as I posted
[11:09] {BillyD} kiss of death
[11:09] {Threei} in universe I trade in, stocks don't behave like this
[11:09] {cosmo} its your fault BD
[11:09] {BillyD} lol
[11:11] {BillyD} lots of marginal trades out there
[11:11] {Threei} venezuela wants to establish its own unique time zone
[11:11] {BillyD} and they seem not to work as often lately
[11:11] {Threei} now, that's the idea that resonates with me
[11:11] {Threei} that's why I am so picky these days billy
[11:12] {BillyD} u have been very good at it
[11:12] {bruce} expe - any read vad?
[11:12] {Threei} I am willing to take marginal setups in streaming market, it's more forgiving
[11:12] {Threei} but in what we have now, you better shoot for sure thing
[11:12] {BillyD} I should just only take yours
[11:12] {Threei} as much as sure thing exists in the markets
[11:13] {Threei} EXPE, if pulls back into .10-1.15 area I'd be interested
[11:14] {bruce} k-
[11:19] {dino} major slippage stopped tbsi
[11:19] {dino} taking break
[11:19] {BillyD} tbsi a tough one for slippage
[11:20] {dino} indeed
[11:20] {BillyD} TIVO teasing mode
[11:20] {BillyD} still disinterested Vad?
[11:22] {Threei} yeah
[11:22] {cosmo} 7.50 tease
[11:22] {cosmo} maybe
[11:22] {BillyD} yes cosmo
[11:28] {Threei} how about this
[11:28] {Threei} TIVO I mean
[11:28] {cosmo} its warping
[11:29] {cosmo} TIVO I mean
[11:31] {bruce} spls vad
[11:32] {Threei} maybe around .80
[11:39] {Threei} NVDA should provie scalp opportunity if pulls back closer to 33 and NQ stages another spike
[11:39] {BillyD} funny..it is on my screen
[11:41] {Threei} pause... be ready
[11:41] {Threei} in
[11:41] {Threei} .98 stop
[11:41] {BillyD} k
[11:46] {Threei} like violin
[11:46] {Threei} scalpers, take your 1:3
[11:47] {BillyD} out full ty
[11:47] {Threei} "that was easy"
[11:47] {BillyD} low risk
[11:48] {Threei} that's how I like them
[11:49] {Threei} with 4 cents stop, $80 risk on 2K, 12 cents profit = $240 in couple minutes
[11:49] {BillyD} did you buy the TIVO pb.....that is what you meant earlier right?
[11:49] {Threei} no
[11:49] {Threei} it lost all credbility with me
[11:50] {BillyD} you just mentioned it "how about this" and then ?
[11:50] {BillyD} wasn't sure what u meant
[11:50] {Threei} there was unbelievably ugly red bar
[11:51] {Threei} engulfing entire range before that
[11:51] {Threei} just wanted to attract your attention to how untradeable it became
[11:51] {BillyD} I thought maybe if spiked up u were gonna say a possible short
[11:51] {Threei} nah
[11:52] {Threei} why would I want struggle
[11:52] {Threei} I like easy money
[11:52] {Threei} let ego-driven traders fight every battle
[11:52] {BillyD} well if popped uo into mid to high .40's againg w/ .50 stop is low risk
[11:53] {BillyD} is this unreasonable
[11:53] {Threei} I don't know what to say... see, I just don't think like this
[11:53] {BillyD} should I be scared....lol
[11:53] {Threei} if there is a setup I can recognize, any trade is reasonable
[11:54] {BillyD} ok
[11:54] {Threei} general expectations based on price alone, it's just not enough for me to engage
[11:54] {BillyD} I figured as jumpy up w/ .50 resistance possible jumpy spike cover for scalp
[11:55] {Threei} TIVO was easy and safe money on 7 break, which I missed,
[11:55] {Threei} it was reasonable at that break that we took,
[11:55] {BillyD} I see your point as to take the cleaner/safer setup
[11:55] {Threei} after that it became a struggle
[11:55] {Threei} be kinder to yourself, trade simple easy things
[11:56] {Threei} don't drage yourself into overly hot battles
[11:56] {BillyD} u r right
[11:56] {BillyD} make it easier
[11:56] {BillyD} and execute the easier ones more accurately
[11:58] {Threei} non-scalpers who held NVDA, take your indecent r/r whatever it is and I will pretend I don't know you
[11:58] {BillyD} lol
[11:59] {Threei} hmmm... this is something you don't see every day
[12:00] {Threei} ASTI vs ASTIZ... Z always follows the stock,
[12:00] {Threei} right now it overshot it
[12:00] {cosmo} it has a premium
[12:06] {Threei} RIMM india rumors
[12:08] {cosmo} tivo teasing soon
[12:16] {dino} scor hl s .08
[12:28] {cosmo} solf
[12:29] {BillyD} SOLF requires a wide stop
[12:29] {BillyD} keeps trudging up
[12:31] {Threei} VRSN
[12:31] {Threei} feels like there should a short in it
[12:32] {dino} y
[12:32] {Threei} now, with stop above 41
[12:33] {Threei} needs supporter at .90 to give up
[12:33] {BillyD} yup
[12:33] {BillyD} yes
[12:36] {Threei} ah come on, give up already
[12:36] {BillyD} lol
[12:36] {Threei} .96 stop
[12:37] * Threei hits VRSN on the head with 2x4
[12:38] {Threei} OK... violence works
[12:39] {bruce} yep - handy 2*4
[12:39] {Threei} endowed with rusty nails too
[12:40] {bruce} double ouch
[12:41] {bruce} target? - took off half at .80
[12:41] * BillyD kicks VRSN w/ Vad's army boots
[12:41] {Threei} who knows bruce
[12:41] {Threei} let it trade and keep stop
[12:41] {bruce} lol
[12:42] {bruce} will consult the tarot
[12:42] {Threei} no need
[12:42] {Threei} VRSN will tell
[12:42] {Threei} stop to .91
[12:42] {bruce} ah yes - tightening stops
[12:42] {bruce} that I like
[12:42] {dino} shld s .10
[12:43] {Threei} 1:1, stop tyo b/e... also, last bounce held under .90 establishing new resistance level
[12:43] {Threei} so trailing is justified
[12:44] {bruce} with some luck - next stop .5
[12:44] {BillyD} out thx Vad
[12:44] {Threei} :)
[12:44] {Threei} 1:2
[12:44] {Threei} could it be any simpler
[12:44] {BillyD} could have happened quicker....so ungrateful
[12:44] {Threei} lol
[12:44] {bruce} lol
[12:44] {bruce} you tell him billy
[12:44] {Threei} that's two slow trades by me today
[12:45] * Threei spreads ashes over his head
[12:45] {BillyD} no...nothing compares to ONNN
[12:45] {dino} gj bd
[12:45] {Chaeron} don't go ripping your clothes Vad
[12:46] {BillyD} thx dino
[12:46] {Threei} no?
[12:46] {Threei} I hoped it would be a jusatification to update my wardrobe
[12:46] {dino} u2
[12:46] {Chaeron} lol
[12:46] {Threei} I have just one tutu
[12:47] {Threei} and it's pink
[12:47] {BillyD} as long as new wardrobe covers tutu we are ok with it
[12:47] {Threei} need masculine color
[12:47] {cosmo} clear
[12:48] {bruce} riding vrsn w stop to .75 now
[12:50] {bruce} all out .62
[12:50] {bruce} thanx vadster
[12:50] {bruce} nice trade
[12:50] {BillyD} well done bruce
[12:51] {Threei} welcome sir
[12:51] {Threei} it was what, 7 for 7?
[12:51] {Threei} I l.ost count
[12:51] {BillyD} 100%
[12:51] {Threei} just want to know how many straight winners I need to call to get endorsed by bruce {G}
[12:51] {bruce} you did well vad
[12:51] * Threei takes a bow
[12:51] {dino} shld stopped flat
[12:52] {dino} very nice vad
[12:53] {Threei} ty
[12:53] {Threei} best month of the year for me
[12:53] {Threei} one losing day, -whooping 50 bucks
[12:53] {BillyD} you have such clarity in reading
[12:54] {BillyD} in strange mkt
[12:54] {Threei} you should see how fluently I read in Russian...
[12:54] {BillyD} hmmmm
[12:54] {bruce} you've always had my endorsement vad
[12:54] {Threei} just pulling your leg bruce :)
[12:54] {bruce} I just have a knack for jinxing your trades
[12:54] {bruce} a really nice day all in all
[12:55] {bruce} low stress
[12:55] {Threei} ahha
[12:55] {Threei} finally
[12:55] {dino} ironically, negative for me
[12:56] {BillyD} PEIX running
[12:56] {dino} need to go to scalp mode for a few days
[12:56] {Threei} sorry dino
[12:56] {Threei} it doesn't happen to you often
[12:56] {dino} i was due.
[12:57] {dino} s tleo .70
[12:57] {Threei} lol
[12:57] {Threei} funny way to look at it
[12:57] {Roman} out PEIX swing +1.2
[12:57] {Roman} from today
[12:57] {Threei} but then again... what's funny for me is usually the same that is funny for 11 years old
[12:57] {Threei} you are not allowed to close swing same day Roman
[12:58] {dino} scor stopped -.40
[12:58] {Threei} you'll have to re-enter it immediately and hold... alternatively, transfer profits to some charity
[12:59] {Roman} long MGPI
[12:59] {Roman} swing
[12:59] {hawkfan4} lol, thx for PEIX Roman, although i was perfectly happy when i sold it at 5.29
[12:59] {Threei} for the next 3 minutes?
[12:59] {bruce} today was romans day
[12:59] {Roman} out remaining PEIX
[12:59] {Threei} yeah, roman read them solars perfectly
[12:59] {bruce} would love to do more of those long holds
[13:00] {Threei} OK guys, thank you all
[13:00] {Threei} have a great evening
[13:00] {bruce} night all
[13:00] {BillyD} ty...take care
[13:00] {Threei} I'll see you all tomorrow
[13:01] {bruce} you do ok overal dino?
[13:01] {dino} cov tleo .46, +.24
[13:02] {dino} down about $500
[13:02] {bruce} k
[13:02] {bruce} sorry to hear
[13:02] {dino} vacation messed me up. :)
[13:02] {bruce} maybe -
[13:03] {bruce} I watched a bunch of them though
[13:03] {dino} don't worry....i'll go to scalp mode until clear
[13:03] {bruce} they went further than expected before reversining
[13:03] {dino} yes, and all of the sudden market is positive bias. i must adapt
[13:04] {bruce} I'm looking more for double bottoms and tops
[13:04] {bruce} can't seem to get the tops and bottoms rith at all
[13:05] {bruce} so waiting for a better confirmation
[13:05] {bruce} night all
[13:05] {dino} makes sense. prior to yesterday, it was reversal city
[13:05] {dino} take care all, have to coach son's basketball team