RealityTrader Trading Log

Wednesday, May 21, 2008

May 21 2008

Session Time: Wed May 21 00:00:00 2008

[08:03] {Threei} 06:35am [SOLF] Reports Q1 $0.32 v $0.16e, R $171M v $142Me
[08:24] {Threei} out last portion QTWW 2.39
[08:30] {esemde} morning
[08:30] {Threei} ese :)
[08:30] {esemde} Vad........you doing some trading already?
[08:32] {esemde} pre market?
[08:34] {Threei} sold overnight position
[08:34] {Threei} [15:42] {Threei} offering last portion at 2.17 and willing to hold if not resolving today
[08:34] {Threei} [15:45] {Threei} actually... cancel that
[08:34] {Threei} [15:46] {Threei} if it goes higher today, I want to sell it asomwhere above .20
[08:34] {Threei} [15:46] {Threei} and it has good chance to gap up tomorrow, 52 week highs on a small energy stock are likely to pop up on overnight scanners
[08:34] {Threei} [15:47] {Threei} either it's over .20 today or I am holding
[08:37] {esemde} quamtum fuel systems right?
[08:37] {esemde} it's .32 now
[08:38] {Threei} quantum technology
[08:38] {esemde} right..
[08:38] {esemde} alternative energy?
[08:38] {Threei} yeah
[08:39] {Threei} 2.86 entry yesterday
[08:39] {Threei} 1.86
[08:40] {esemde} nice....
[08:40] {esemde} couple of lots/
[08:40] {Threei} 5
[08:40] {Threei} you missed alert yesterday?
[08:41] {esemde} really nice!!!!!!
[08:41] {esemde} yes
[08:42] {Threei} [09:32] {Threei} 1.86 worth a try QTWW
[08:42] {Threei} [09:32] {Threei} nice break on daily
[08:42] {Threei} [09:32] {Threei} needs to hold 1.75
[08:43] {esemde} yep missed that ...was on the phone probably....
[08:43] {cosmo} ADLR
[08:44] {esemde} morning cos.dp...
[08:44] {cosmo} ese:)
[08:44] {Threei} cosmo :)
[08:44] {cosmo} 3i,2:)
[08:46] {cosmo} ADLR should hold 5.90 ... must hold 5.80
[08:48] {magoo} morning
[08:48] {esemde} mgaas
[08:48] {esemde} oppss mags
[08:48] {Threei} magoo :)
[08:49] {peterg} morng
[08:49] {esemde} sounds very spanish that miss spelling mgaas
[08:50] {esemde} peter...
[08:51] {Threei} peter :)
[08:51] {esemde} welcome aboard
[08:52] {magoo} :)
[08:53] {magoo} vad, u reading SOLF here?
[08:53] {esemde} i am.....
[08:53] {Threei} nope
[08:53] {esemde} up 3 bills.....thing of beauty
[08:54] {esemde} doubled in a week
[08:56] {esemde} anybody follwing Bio tech these days...am looking for info on RGEN Repligen maybe a possible buyout candidate
[08:57] {esemde} have a swing trade in on it at 5.22
[09:03] {magoo} vad, dcc
[09:06] {GeoArb} gm
[09:07] {Threei} Geo :)
[09:07] {Threei} OPEC SEC GENERAL: READY TO ACT TO ENSURE MARKET STABILITY, OIL PRICE UNRELATED TO FUNDAMENTALS
[09:07] {cosmo} it believe it
[09:08] {cosmo} i beliefe it
[09:09] {esemde} no kidding unreleated!!!!
[09:10] {Threei} wow, did I nail top tick on QTWW?
[09:13] {esemde} you may have...
[09:16] {fernp} gm
[09:16] {Threei} fernp :)
[09:16] {esemde} fern
[09:19] {fernp} ese :)
[09:19] {dino} gm all
[09:19] {Threei} dino :)
[09:26] {Threei} keeping an eye on QTWW for possible new setup
[09:29] {pita} gm
[09:29] {Threei} pita :)
[09:32] {Threei} PEIX 5.19 short if stays under 5.35
[09:32] {esemde} oh ya sure...NVDA
[09:33] {Roman} 21 BLDP long
[09:34] {Roman} 21 4.67
[09:35] {Threei} PEIX stop .31
[09:35] {Threei} OMNI long .40 break half lot
[09:37] {magoo} blast from the past omni
[09:37] {Roman} 21 SNDK long small
[09:38] {Roman} 21 28.78
[09:38] {esemde} new kid on the block HDSN
[09:38] {Roman} 21 28.87
[09:40] {Roman} 21 CSUN radar
[09:41] {Roman} 21 CTDC
[09:41] {Threei} OMNI invalidated
[09:43] {dino} penn
[09:43] {esemde} thinkin CSUN around .40 to .50 area
[09:48] {dino} out sina yesrterday p.m., +.90, +.55
[09:48] {esemde} nice one dino
[09:49] {esemde} csun hold strong .60 area
[09:49] {dino} lucky, hate holding, didn't move af
[09:50] * magoo slaps dino around a bit with a large trout
[09:51] {dino} regn
[09:52] {Roman} 21 out SNDK +.02
[09:53] {Roman} 21 long GLD
[09:53] {Roman} 21 90.98 with a stop at 90.75
[09:54] {esemde} CSUN brakedown..
[09:54] {Roman} 21 JASO short small
[09:55] {Roman} 21 24.22 short small
[09:55] {hawkfan4} like Jaso Roman, got .47 here
[09:56] {Roman} 21 u got it short?
[09:56] {hawkfan4} yes
[09:56] {hawkfan4} watching STP too
[09:56] {Roman} 21 SOLF pulling back hard so should take JASO with it
[09:57] {dino} cov ckx yesterday p.m., 17.25, +1.13
[09:58] * magoo slaps dino around a bit with a large trout
[09:58] {dino} he's mad at me for holding
[09:59] {magoo} vad, SOLF bounce??
[09:59] {Threei} 70 cents away from low??
[09:59] {magoo} i mean u looking for area?
[09:59] {Threei} not really for now
[10:00] {magoo} what i do to u this motn lol?
[10:00] {Roman} 21 OMNI
[10:00] {Roman} 21 bidding small on pullback here
[10:01] {Roman} 21 long 5.87
[10:01] {Roman} 21 bidding
[10:04] {dino} crzo
[10:05] {fernp} PMTC
[10:05] {Roman} 21 cover JASO
[10:05] {Roman} 21 flat
[10:05] {hawkfan4} covered jaso .18
[10:07] {magoo} watching SOLF CSIQ as bounce candidates
[10:07] {magoo} not in
[10:07] {Roman} 21 PEIX
[10:07] {dino} sina big pullback
[10:11] {dino} nfg s .35
[10:11] {Roman} 21 CROX
[10:12] {Roman} 21 mini spike
[10:12] {fernp} mdt
[10:13] {Threei} CROX
[10:13] {Roman} 21 CROX lodaed with shorts
[10:13] {Threei} TICKING HIGHER, HEARING ACTIVIST INVESTORS TAKING LARGER STAKE
[10:13] {Roman} 21 long TGA
[10:13] {Roman} 21 small 5.28
[10:16] {Roman} 21 OMNI invalidaed
[10:16] {Roman} 21 don't like it
[10:18] {Roman} 21 short JASO
[10:18] {Roman} 21 24.11
[10:18] {Roman} 21 small
[10:19] {Threei} oil inventory numbers in 10 min
[10:20] {magoo} rimm long bounce scalp .20 small risky
[10:21] {Roman} 21 CXS short
[10:21] {Roman} 21 super small
[10:21] {Roman} 21 69.82
[10:21] {Roman} 21 wide stop, this is for crazy traders only
[10:22] {magoo} why would i not get quotes for that one?
[10:22] {judijim} good morning everyone
[10:23] {Threei} jj :)
[10:23] {magoo} stopped rim .97
[10:23] {magoo} sigh
[10:23] {Chaeron} Hi all
[10:23] {Threei} chaeron :)
[10:23] {Threei} magoo, why not wait until after numbers
[10:23] {Threei} look how nervous market ids
[10:23] {magoo} agree
[10:24] {Threei} chart full of hectic spikes
[10:24] {dino} cov nfg .96 +.39
[10:25] {Threei} IBM
[10:25] {Threei} CFO: "WELL ON TRACK" TO MEET 2010 EPS TARGETS
[10:25] {Threei} hmmm
[10:25] {Threei} we have year and half to buy it
[10:26] {magoo} 2010??doesn't he know aztec prophisies end of world 2009?
[10:26] {dino} most likely he does, hence the 2010 call
[10:26] {GeoArb} end of "their" world
[10:26] {dino} won't matter
[10:27] {Threei} lol
[10:27] {GeoArb} we wait then go and buy cheap land
[10:27] {Roman} 21 BDCO is back
[10:27] {dino} i like the way geo thinks
[10:28] {GeoArb} i just want to help them out
[10:28] {Threei} 2 min
[10:29] {GeoArb} i am curious.... does anyone dabble in forex here?
[10:29] {Roman} 21 cover JASO +.49
[10:29] {Threei} lord... stay away from that crap
[10:29] {GeoArb} lol
[10:29] {GeoArb} comeon vad i love rubles
[10:29] {Roman} 21 CROX playing
[10:30] {Roman} 21 sqeeze is on
[10:30] {Roman} 21 long small 11.35
[10:30] {dino} alex
[10:30] {Roman} 21 stop 11.10
[10:30] {Threei} DOE CRUDE: -5.3M V +500KE;
[10:31] {Roman} 21 buy sell short?
[10:31] {Threei} GASOLINE: -755K V +300KE; DISTILLATES: +728K V +1.4ME
[10:31] {GeoArb} spike down
[10:31] {Threei} yikes
[10:31] {dino} alex s .03 stop .27
[10:31] {Roman} 21 i thnk just buy8ing BDCO withall acash
[10:33] {Chaeron} Roman's typing going to heck just from hanging out with us
[10:33] {GeoArb} nono
[10:33] {GeoArb} i think he is buying 8 lots
[10:33] {magoo} really..i don't even understand that one
[10:33] {Roman} 21 :)
[10:34] {Roman} 21 i was trying to be funny saying, i should buy BDCO with all cash i got
[10:35] {GeoArb} yup i would bet the farm on a blue dolphin name
[10:35] {Roman} 21 out GLD -.15
[10:37] {dino} bdco, was that the car wash company
[10:37] {magoo} no it wasn't
[10:37] {GeoArb} blue dolphin energy company
[10:37] {Roman} 21 no, that was MACE
[10:37] {dino} lol i knew it was one of them
[10:38] {Roman} 21 MACE had a car wash business and homeland security division
[10:38] {Roman} 21 protect & wash
[10:38] {dino} uthr
[10:38] {magoo} roflol
[10:38] {Threei} and made money by selling one wash station after another
[10:39] {dino} i remember it
[10:39] {Roman} 21 cover CSX
[10:40] {Roman} 21 +.15
[10:40] {Threei} FUEL buying
[10:40] {Threei} traders looking for oil-related play started scrapping the bottom of barrel
[10:40] {Roman} 21 true vad, that's another one that i forgot about
[10:41] {Roman} 21 loading some swing
[10:41] {Roman} 21 i think oil will stay strong for a few months, especially with hurricane season starting
[10:42] {Roman} 21 and if we get oil rigs get hit in the gulf, we get that final spike probably to over $150
[10:42] {Roman} 21 imo
[10:42] {Roman} 21 that that will be the top for all time high, that is my prediction
[10:43] {Roman} 21 (small font text) disclaimer: my prediction works only if there is a major hurricane
[10:43] {Threei} SINO
[10:43] {Threei} IPO OPENS FOR TRADING AT $16
- priced 1.23M shares at $7.75
[10:43] {Threei} - SINO is a non-state owned provider of shipping services in China. Anderson & Strudwick acted as the lead placement agent for the offering.
[10:44] {Roman} 21 shipping, best time to go public with olympics coming up
[10:44] {Threei} nice spread
[10:45] {fernp} CPWR
[10:50] {dino} ales bstop to .53
[10:50] {Roman} 21 nice FUEL vad, thanks
[10:51] {Roman} 21 this stock was just 38 cents a few weeks ago
[10:51] {dino} alex that was
[10:51] {dino} to .43
[10:51] {Roman} 21 out CROX -.18
[10:52] {dino} cov .44, +.59
[10:53] {Roman} 21 long EPEX small 5
[10:53] {peterg} Short CROX for capitulation? Im too slow
[10:54] {dino} you need coffee then pete
[10:54] {Threei} hard to tell peter
[10:55] {peterg} I'll get my 2nd starbucks tub-back in a minute
[10:56] {dino} ahhh
[10:56] {Threei} RIMM short candidate 137 break
[10:56] {Threei} if stays below .20
[10:56] {dino} pot #2 half gone here (magoo slurpping them down)
[10:56] {Roman} 21 hard to believe that EPEX is an energy company by looking at its weekly and monthly chart
[10:57] {Chaeron} RIMM not cooporating very well.....
[10:57] {Roman} 21 CROX isn't done, if market recovers, it's going higher
[10:57] {Roman} 21 imo
[11:01] {dino} dji -410 pts since monday's high (3%)
[11:02] {Roman} 21 i messed up wtih GLD
[11:05] {dino} sina l .50 stop .19
[11:06] {dino} too soon, felt reversal
[11:07] {dino} trma
[11:10] {dino} need another 1% down
[11:16] {dino} out sina .90, +.40
[11:16] {Threei} what's with WIND?
[11:16] {Threei} no news that I see
[11:17] {Threei} solars don't seem to go with oil anymore
[11:17] {dino} sm uthr l .50
[11:17] {Roman} 21 CPSL
[11:18] {Roman} 21 bidding
[11:18] {Roman} 21 in 6.85
[11:18] {Roman} 21 small
[11:18] {dino} is wind solar or wind power? cramer pushing wind power big time
[11:18] {Threei} no dino
[11:18] {Threei} technology
[11:18] {Threei} that was my first thought oo
[11:19] {dino} ok
[11:24] {Roman} 21 long CROX
[11:24] {Roman} 21 11.20 with a stop 11.08
[11:24] {Roman} 21 1/3
[11:34] {Threei} LDK is active
[11:34] {Threei} tough read, pulls back hard
[11:34] {Threei} lol... MACE is halted
[11:34] {Roman} 21 :
[11:34] {Roman} 21 :)
[11:34] {Roman} 21 i was just going to say that
[11:35] {Threei} US ENERGY SEC BODMAN: $132/BBL OIL PRICE FAIRLY REFLECTS TIGHT SUPPLIES AND STRONG GLOBAL DEMAND- Says there is nothing Govt can do in short term to ease record gasoline prices
[11:41] {Threei} BEXP
[11:41] {dino} uthr stop tro .65
[11:41] {dino} out +.15 bad entry
[11:46] {dino} vclk
[11:49] {dino} fsys
[11:53] {Threei} ENER .50 break long half lot if stays above .30
[11:54] {Threei} LDK non-stop
[11:55] {Threei} US SENATOR DURBIN: OIL WINDFALL TAX 'UNLIKELY' TO PASS CONGRESS
[11:55] {hawkfan4} AKNS .71, stop .64
[11:55] {Threei} ENER over 1:1
[11:56] {Threei} dptl, look dcc pls
[11:56] {Roman} 21 still in BLDP
[11:56] {Roman} 21 looking greawt
[12:03] {Roman} 21 long PTEN
[12:03] {Roman} 21 33.58
[12:07] {Threei} who feels very adventureous ?
[12:08] {Threei} LDK .50 break
[12:08] {magoo} shit already in it
[12:08] {Threei} lol
[12:09] {Roman} 21 stopped CROX -.12
[12:14] {Threei} COIN?
[12:16] {dino} tsra
[12:27] {Threei} GEORGE SOROS: SEES ANOTHER 12 MONTHS OF US HOME FORCLOSURES
[12:28] {Threei} not 11? not 13?
[12:28] {dino} qelp
[12:41] {Threei} I forgot when I saw last time IVAN moving like that
[12:53] {Threei} WARREN BUFFET: DOLLAR WILL CONTINUE TO DEVALUE, POLICIES NEEDED TO CORRECT DOLLAR'S SLIDE HAVE NOT CHANGED
[12:55] {Threei} oil over 132
[12:55] {Threei} pain continues
[12:56] {hawkfan4} i guess it's good to work from home, it's too expensive to leave the house
[12:57] {Threei} no kidding
[12:58] {Chaeron} WASHINGTON (Reuters) - The House of Representatives overwhelmingly approved legislation on Tuesday allowing the Justice Department to sue OPEC members for limiting oil supplies and working together to set crude prices, but the White House threatened to veto the measure. {{{ ooooh, OPEC is sooooo scared
[12:58] {Threei} lol
[12:58] {Roman} 21 RCH
[12:59] {Threei} RCH... if pulls back to .70 - .80
[12:59] {Threei} hate to buy breaks on this one
[13:00] {Threei} I wonder how would mechanics of suing OPEC work
[13:01] {dino} i believe they are sovereign governments, so not going to work, just posturing for re-election
[13:03] {Threei} jury delivers guilty verdict
[13:03] {Threei} what's next? :)
[13:03] {Threei} put Saudi Arabia in jail?
[13:06] {dino} shld
[13:06] {Threei} OK RCH
[13:06] {Threei} long when that huge offer gets taken
[13:07] {Threei} volatile one, half lot
[13:08] {dino} uaua bit of trouble
[13:09] {Threei} ideally I'd like to see that offer chasing down as RCH pulls back, then at some harsh downtick being taken out
[13:10] {Threei} that would start new upward cycle
[13:14] {magoo} in rch .85
[13:16] {Threei} .70 support
[13:21] {magoo} notr working really
[13:22] {fernp} nothing seems to work today.
[13:23] {Threei} not really
[13:23] {Threei} ENER was the only clean trade
[13:24] {magoo} short side would have worked everywherre
[13:24] {magoo} we do not think short enough
[13:25] {magoo} ive said this before
[13:25] {magoo} i'm really trying to adjust my thinking to shorting
[13:25] {Threei} hmmm
[13:25] {Threei} I remember a few tries to find short entries
[13:25] {Threei} none worked
[13:26] {Threei} and I can't agree with this "we do not think short enough"
[13:26] {Threei} I don't care long or short
[13:27] {Threei} remember RIMM short trigger? thankfully never tagged it, went up 60 cents from there
[13:27] {Threei} PEIX early short?
[13:27] {Threei} went down barely 10 cents, shot up 50
[13:28] {Threei} MINUTES OF THE APRIL 30 FOMC MEETING AND UPDATED QUARTERLY FED ECONOMIC FORECAST DUE OUT AT 2PMET
[13:37] {magoo} whats your point {he he}
[13:37] {Threei} do I have any? :)
[13:37] {Chaeron} .
[13:37] {Chaeron} ..
[13:37] {Threei} see, chaeron does
[13:37] {Chaeron} have one of mine
[13:37] {magoo} long rimm .70
[13:37] {Threei} let me try and make one
[13:38] {Threei} 1. no trading style fits all market conditions
[13:38] {Threei} 2. you can't change trading style on the fly with every day's changes
[13:38] {Threei} 3. whehn market is not what you can read and tgrade successfully, you decerease activity and wait it out
[13:39] {Threei} 4. some market changes can be included in your trading style by normal adfjustments, like size change when it's too volatile for instance
[13:39] {dino} uaua
[13:40] {Threei} 5. some market changes are simply meanignless, like market not having any follow-through for a day or week - no need to try and push hard, it's simply "wait it out"
[13:41] {Threei} 6, and last: trading is not event, it's a process - don't put too much significance in aany losing trade or any losing day. No one trades without those
[13:41] {Threei} how's that for one point?
[13:43] {magoo} point{s} well taken
[13:44] {magoo} now go find some winners lol
[13:44] {Threei} remember a stretch when we traded at 80-100% success day after day?
[13:44] {Threei} how manytrades a day you saw me calling?
[13:44] {Threei} 8-15, right?
[13:45] {Threei} now when hit rate is not that stellar, how many do you see me calling?
[13:45] {Threei} 3-5?
[13:45] {Threei} think it's an accident?
[13:47] {hawkfan4} no sir
[13:51] {Threei} SNCR
[13:52] {Threei} rumor of contract with RIMM
[13:52] {magoo} btww, covered rimm long .08
[13:57] {Threei} VENEZUELAN PRES. CHAVEZ MAY REINTRODUCE A PROPOSAL FOR AN OPEC BANK
[13:57] {Threei} I think we are in a state of economic war
[14:01] {Roman} 21 wow, fed minutes are not good
[14:04] {Threei} *MINUTES OF THE APRIL 30 FOMC MEETING: MOST FED OFFICIALS VIEWED APRIL RATE CUT AS 'CLOSE CALL'
- Saw rising restraint on spending, Signals no more rate cuts even if economy retracts
[14:04] {Threei} - CHANGES 2008 jobless forecast to 5.5-5.7%% from 5.2-5.3% previous
[14:04] {Threei} - CHANGES 2008 GDP growth forecast to 0.3% -1.2% from 1.3%-2%previous, and 2009 to 2%-3% from 2.1%-2.7% previous
[14:04] {Threei} - CHANGES 2008 core inflation forecast to 2.2-2.4% from 2%-2.2% previous, Total Inflation forecast to 3.1%-3.4%% from 2.1%-2.4%
[14:06] {dino} trma s .25
[14:06] {Threei} fairly conflicting point in the markets
[14:07] {Threei} one one side no more cuts, not too rosey forecasts
[14:07] {Threei} on another, no more cuts and end of liquidity injections lead to stronger dollar, lower oil, less pressure on economy
[14:07] {Roman} 21 this can get really ugly
[14:07] {dino} spsx s .49 sm
[14:07] {Threei} kind of wait and see
[14:08] {dino} getting my 1% extra
[14:09] {dino} patience -4% usually around buy dips lately
[14:09] {dino} oh she's not here
[14:11] {Roman} 21 GEOI managing to make a hod in a time like this, this stock just doesn't care
[14:14] {Threei} 135 loss short RIMM
[14:16] {Threei} stop above ..25
[14:16] {dino} lod dji
[14:17] {Threei} 1:1
[14:18] {Threei} 1:1, out in full
[14:18] {Threei} 1:2, sorry
[14:18] {Chaeron} +.024 RIMM in .98, out .74
[14:18] {Chaeron} shucks
[14:18] {Threei} +.54
[14:19] {Chaeron} 0.24 that is
[14:19] {Chaeron} double shucks
[14:19] {Threei} magoo?
[14:20] {dino} uthr
[14:20] {Threei} don't tell me you didn't play it after tearing my head off for not shorting
[14:20] {magoo} took it TY
[14:20] {Threei} whew
[14:20] {Chaeron} triple shucks
[14:20] {fernp} out +1.15
[14:20] {Threei} each shucks equals one to one, chaeron?
[14:20] {Threei} wow fernp
[14:20] {Chaeron} great job fern
[14:21] {Threei} beautiful job
[14:21] {Chaeron} no... we'd be at 5 shucks
[14:21] {fernp} thanks to vad
[14:21] {Threei} don't know where you find balls to hold such volatile one during such volatile times... but heck, that was great
[14:21] {Chaeron} why do I feel like Vad called me "ballless"?
[14:22] {Threei} 60 points down NQ
[14:22] {Threei} that's wow
[14:22] {dino} spsx cov .26, +.23
[14:23] {fernp} lol, just look to other place
[14:23] {Threei} ahhh
[14:23] {Threei} that's the secret
[14:23] {Threei} click, close your eyes, pray, click, open your eyes, review the result
[14:24] {Threei} I need to practice that
[14:24] {fernp} include it in TTT-2
[14:24] {Threei} lol
[14:24] {fernp} TTR
[14:24] {dino} uthr sm risky l .77
[14:29] {Threei} one commodity better remain unnamed is at 133
[14:30] {fernp} mineral water?
[14:31] {Threei} I wish
[14:33] {dino} trma stopped -.40
[14:33] {Chaeron} RIMM from here?
[14:34] {Threei} 50/50
[14:34] {dino} rinsed/spike
[14:42] {dino} out uthr .53, +.76
[14:46] {dino} another -.85 +/-, then long
[14:47] {dino} we have our 4%
[14:48] {fernp} I must go away
[14:48] {fernp} make a lot of money
[14:49] {Threei} see you tomorrow fern!
[14:49] {Threei} looks like that's not it dino
[14:49] {Threei} new lows are very likely
[14:51] {dino} ok, back in 15
[14:51] {dino} -290ish is my target
[14:52] {Threei} low volume bounce
[14:59] {peterg} Anybody have experience with Fidelity Active Trader Pro Platform?
[14:59] {peterg} Recommendations?
[14:59] {Threei} I doubt it peter... not what day traders traditionally use
[15:02] {peterg} Darn and I get it free from Fidelity. Maybe worth it, too.
[15:02] {Threei} you tried executions?
[15:04] {peterg} Yes, it takes about 3 or four entries to select buy/sell, limit, condition, etc. I am trying to cusomize it for speed.
[15:04] {peterg} Tedious
[15:04] {Threei} wow
[15:04] {Threei} doesn't sound like daytrading platform
[15:05] {Threei} interested in RIMM long here
[15:05] {Threei} .65 support
[15:05] {Threei} pick entry best you can
[15:06] {Threei} invalidated for now
[15:06] {Threei} if .50 holding, .66 entry
[15:07] {Threei} not holding
[15:08] {Threei} .40 support now
[15:08] {Threei} no clear trigger though
[15:10] {Threei} in
[15:10] {Threei} .45
[15:10] {Threei} stop under .30
[15:10] {Threei} nope, still not it
[15:11] {Threei} come on NQ show some spine
[15:14] {dino} crzo spanked
[15:16] {Threei} ugh... second try worked but sold too soon
[15:32] {Threei} SOLF, worth a try half lot with stop under .50
[15:32] {Threei} .61 trigger
[15:36] {dino} sm risky, wide l sina .80
[15:41] {peterg} Intraday trading on margin?
[15:42] {Threei} sure, as long as you keep strict srtop discipline
[15:42] {Threei} and if decide holding something overnight, doing it in small size
[15:42] {dino} y
[15:43] {dino} need margin to short, don't you?
[15:43] {peterg} Yes!?
[15:44] {dino} lod dji
[15:44] {peterg} Have you noticed that theory and practice are different?
[15:44] {dino} crushing the oils
[15:44] {Threei} in theory, there is no difference between partcice and theory. In practice, there is
[15:44] {dino} y pete, theory does not apply to day trading imo
[15:45] {dino} lol
[15:45] {dino} best to forget all theories told to you over the last few years, react
[15:45] {peterg} That must be my problem--too much theory
[15:47] {dino} find you edge, manage the risk, be consistant, and keep it simple
[16:00] {peterg} Well said, Dino
[16:00] {Threei} thank you all
[16:00] {Threei} have a good evening, see you tomorrow
[16:00] {peterg} Thnks, gnite
[16:01] {dino} thx all, good one