Chart Examples – Adapting to Trade THIS Market

by | Oct 6, 2011

[Oct 2, 2011 8:00:10 PM EDT]       InvestorsLive wassup all, hope you had a good weekend

[Oct 2, 2011 8:00:33 PM EDT]       koogar  better than the cowboys. 🙂

[Oct 2, 2011 8:01:12 PM EDT]       InvestorsLive So once again not very many questions – perhaps next seminar we should go back to Topics if not many care to leave questions

[Oct 2, 2011 8:01:26 PM EDT]       InvestorsLive our best seminars are the ones when people are asking questions ahead and I prepare

[Oct 2, 2011 8:01:37 PM EDT]       InvestorsLive so I’ll go over what was listed and then go over a bunch of plays from this week

[Oct 2, 2011 8:01:51 PM EDT]       InvestorsLive but more importantly – just wanted to discuss adapting and what not

[Oct 2, 2011 8:02:04 PM EDT]       InvestorsLive and how things have changed in the past few weeks/months

[Oct 2, 2011 8:02:38 PM EDT]       InvestorsLive So first off – as you’ve seen typically I may play 1k 2k 5k 10k shares on stocks like we’ve been playing in any other market

[Oct 2, 2011 8:03:12 PM EDT]       InvestorsLive but with the range on some of these stocks (BIDU SINO SOHU YOKU etc) 200-500 + shares has been the norm latley

[Oct 2, 2011 8:03:39 PM EDT]       InvestorsLive then add in along the way or if I’ve started in expecting it may drop a bit more averaging in to a full size which is still smaller than something I’d typically do

[Oct 2, 2011 8:03:50 PM EDT]       InvestorsLive the way I decide is based on a few things

[Oct 2, 2011 8:04:07 PM EDT]       InvestorsLive how is it trading, what is the range?

[Oct 2, 2011 8:04:20 PM EDT]       InvestorsLive if it’s trading $8 + range a day like SINA

[Oct 2, 2011 8:04:37 PM EDT]       InvestorsLive where it may have a quick move $1-2 bucks + against or for me

[Oct 2, 2011 8:05:05 PM EDT]       InvestorsLive I need to position size with a size I’m ok with .. in the event it’s an AGAINST

[Oct 2, 2011 8:05:10 PM EDT]       InvestorsLive and goes against me .. $1-2 share

[Oct 2, 2011 8:05:29 PM EDT]       InvestorsLive I don’t want that to put me $2k down on the day if it cracks and washes out on me…

[Oct 2, 2011 8:06:07 PM EDT]       InvestorsLive that’s why I start 300 .. if I need to add in some more up to 1k shares I have some room, if I nail it and it pops .. still making $ even with small shares and can add using houses money as padding

[Oct 2, 2011 8:06:36 PM EDT]       InvestorsLive someting totally different than I was doing 2 months ago .. where I’d snipe …. and just attack the short

[Oct 2, 2011 8:07:22 PM EDT]       InvestorsLive the first day or 2 that a stock has higher than average range I more than likely will trade just as I said above

[Oct 2, 2011 8:07:37 PM EDT]       InvestorsLive after they’ve been beat for a while – if they washout I may play it a bit bigger like YOKU, MCP, SINA calls

[Oct 2, 2011 8:07:49 PM EDT]       InvestorsLive they’re beat … they gap down .. and any big washouts

[Oct 2, 2011 8:08:10 PM EDT]       InvestorsLive I may go in 500-1k vs. the first day it gets volatility

[Oct 2, 2011 8:08:25 PM EDT]       InvestorsLive any questions so far

[Oct 2, 2011 8:09:01 PM EDT]       InvestorsLive (staying on topic of course as usual)

[Oct 2, 2011 8:09:22 PM EDT]       pupu69 so do u buy call options? and if so whatsur criteria?

[Oct 2, 2011 8:09:37 PM EDT]       InvestorsLive no, I don’t trade options

[Oct 2, 2011 8:09:48 PM EDT]       InvestorsLive QUESTION: I am having a conflict with stop losses as well…the market is so wild you don’t want to cut a less because 5 seconds later the market pops and you should have held. Should we play it to where it either pops right now or get out or wait for it to go out way…I realize losses need to be cut but this market is so terrible its nerve racking to know how to play it. Also you mentioned how difficult this market is several times, I am somewhat a newbie. How were these plays when it was stable? More reliable? Same plays but charts stuck to the pattern better? Just trying to make sense of what’s going on…and hoping for better times.

[Oct 2, 2011 8:10:08 PM EDT]       pupu69 ohh i missread sorry.

[Oct 2, 2011 8:10:27 PM EDT]       InvestorsLive like I say each day in chat – its important if new … and even me… I have to remind myself…

[Oct 2, 2011 8:10:31 PM EDT]       InvestorsLive you don’t need to trade the first 15 minutes

[Oct 2, 2011 8:10:47 PM EDT]       InvestorsLive stuff is all over the place – if you see the trade, sure .. take it but patience is a wonderful thing

[Oct 2, 2011 8:10:50 PM EDT]       Laura you really don’t

[Oct 2, 2011 8:11:02 PM EDT]       Laura let it set up

[Oct 2, 2011 8:11:19 PM EDT]       InvestorsLive I spend my first 15-30 minutes looking for quick trades that I can potentially build up a few hundred bucks so i can let a few trades work through the day

[Oct 2, 2011 8:11:34 PM EDT]       InvestorsLive you don’t want to go out on a random play first 2 min and let it ruin your day

[Oct 2, 2011 8:11:37 PM EDT]       InvestorsLive or put a cloud over it

[Oct 2, 2011 8:11:59 PM EDT]       InvestorsLive and again size in the first 15 mins + needs to be watched

[Oct 2, 2011 8:12:05 PM EDT]       InvestorsLive that’s where the most volatility has been

[Oct 2, 2011 8:12:11 PM EDT]       InvestorsLive take MCP for example mid week last week

[Oct 2, 2011 8:12:27 PM EDT]       InvestorsLive I was wrong but said in 1/4 size need a big range – will work into this long

[Oct 2, 2011 8:12:32 PM EDT]       InvestorsLive the trade ended up working out hugely

[Oct 2, 2011 8:12:46 PM EDT]       InvestorsLive but if I had gone in full size on the wash in the first 5-10 min

[Oct 2, 2011 8:12:51 PM EDT]       InvestorsLive could have ruined my entire day

[Oct 2, 2011 8:13:34 PM EDT]       InvestorsLive You should never just hold a stock because it ‘could’ pop back

[Oct 2, 2011 8:13:41 PM EDT]       InvestorsLive if you go in for a trade and you’re in a full size and it’s not working

[Oct 2, 2011 8:13:44 PM EDT]       InvestorsLive you need to stick to your plan

[Oct 2, 2011 8:14:11 PM EDT]       InvestorsLive Last part of that question – I’ve mentioned how difficult the market is just because it’s mainly scalp mode right now

[Oct 2, 2011 8:14:22 PM EDT]       InvestorsLive and a lot of people are not ok with that … they think they are smarter andw ant to hold

[Oct 2, 2011 8:14:31 PM EDT]       InvestorsLive and end up taking a great winner and turning it into a huge loser

[Oct 2, 2011 8:15:22 PM EDT]       InvestorsLive the last note regarding position sizing and trading this market

[Oct 2, 2011 8:15:33 PM EDT]       InvestorsLive the reason I play smaller right now is so that I can average into a position

[Oct 2, 2011 8:15:47 PM EDT]       InvestorsLive if I go in 1/2 or full right away I’m not giving myself any chances

[Oct 2, 2011 8:15:55 PM EDT]       InvestorsLive I’m either right or wrong

[Oct 2, 2011 8:16:13 PM EDT]       InvestorsLive and 8 outta 10 times I’ll be right but if I am in too big I’ll cut it off to quick and just watch it keep rolling hte rest of the day

[Oct 2, 2011 8:16:23 PM EDT]       InvestorsLive averaging in is not avearaging down

[Oct 2, 2011 8:16:33 PM EDT]       InvestorsLive averaging down was not a plan

[Oct 2, 2011 8:16:38 PM EDT]       InvestorsLive averaging in is a plan

[Oct 2, 2011 8:17:08 PM EDT]       InvestorsLive you had a plan to do so, had a plan to work into a long because you know/think/feel/believe it’s going higher but not 100% sure if its 33.50 34 or 33

[Oct 2, 2011 8:17:13 PM EDT]       InvestorsLive but you know its going to 37

[Oct 2, 2011 8:17:44 PM EDT]       InvestorsLive so you start in…. give yourself some room … look for entry if it works – add some using houses money if it’s not wait for the chart to form again and add a lil more with proper stop plan in place

[Oct 2, 2011 8:17:56 PM EDT]       InvestorsLive any questions related to this topic ?

[Oct 2, 2011 8:18:00 PM EDT]       ajtrader                IL..The day you traded C, both @ 2,000 shares, (great trade) the news was pumping ALL of the bank stocks THAT DAY selling the fact they were doing well because of the beating they took over the last 5 days. With that positive news what gave you the indicator it would reverse and it was time to short it. As impressed as I was IL of the trade, and I was, I was betting that “C” would go up to $28-29 a share. What did you see or hear that morning that made “you” feel different? Or was it a gut feeling?

[Oct 2, 2011 8:18:35 PM EDT]       InvestorsLive yea was getting there

[Oct 2, 2011 8:19:05 PM EDT]       InvestorsLive I have ur question on that from the post

[Oct 2, 2011 8:19:11 PM EDT]       InvestorsLive any questions prior to moving on related?

[Oct 2, 2011 8:19:29 PM EDT]       InvestorsLive going once …..

[Oct 2, 2011 8:19:40 PM EDT]       InvestorsLive going twice…

[Oct 2, 2011 8:19:48 PM EDT]       InvestorsLive ariiiiiiite hope u guys ar egood there

[Oct 2, 2011 8:20:00 PM EDT]       InvestorsLive its important cuz I know people will and have been cut up on some of this stuff in this market

[Oct 2, 2011 8:20:03 PM EDT]       InvestorsLive just want to be clear tehre

[Oct 2, 2011 8:20:14 PM EDT]       InvestorsLive QUESTION (above from aj) and: C on Thursday? i noticed that you played this in most of your accounts. i have a swing acct, daytrading acct, long term and a IRA acct. How do you determine which accounts you are going to buy a stock in- Was C so strong that you felt like it was a good risk/reward to make cash in each account or is it a Funds available decision or another reason? Nate , thanks again for all you do for us guys that are still in the learning process.

[Oct 2, 2011 8:20:35 PM EDT]       InvestorsLive coming into the day http://www.profitspi.com/stock-chart-str.aspx?id=C&ca=347889640

[Oct 2, 2011 8:21:17 PM EDT]       InvestorsLive Then that day big gap up

[Oct 2, 2011 8:21:18 PM EDT]       InvestorsLive http://www.profitspi.com/stock-chart-str.aspx?id=C&ca=1237428139

[Oct 2, 2011 8:21:50 PM EDT]       InvestorsLive so you can see

[Oct 2, 2011 8:21:56 PM EDT]       InvestorsLive 1 it was right back to prior resistance

[Oct 2, 2011 8:22:12 PM EDT]       InvestorsLive around $28 … been there like 2 x and failed to hold

[Oct 2, 2011 8:22:27 PM EDT]       InvestorsLive 2 it was straight up from the 23s

[Oct 2, 2011 8:22:44 PM EDT]       InvestorsLive closed near HOD gapped up ran again and closed HOD then 3rd day in a row gapped up

[Oct 2, 2011 8:22:59 PM EDT]       InvestorsLive so I started a few short thinking $28 test and fail as I had mentioned but was giving it a chance

[Oct 2, 2011 8:23:14 PM EDT]       InvestorsLive then had the parabolic through $28

[Oct 2, 2011 8:23:27 PM EDT]       InvestorsLive actually we had 2 trades here

[Oct 2, 2011 8:23:30 PM EDT]       InvestorsLive 2 dif days

[Oct 2, 2011 8:23:44 PM EDT]       InvestorsLive this one was just the parabolic so it moved like .30-.40 cents after the open

[Oct 2, 2011 8:23:49 PM EDT]       InvestorsLive combine that with what I just said

[Oct 2, 2011 8:23:54 PM EDT]       InvestorsLive 2 days gap ups

[Oct 2, 2011 8:23:59 PM EDT]       InvestorsLive 3rd day gap up and parabolic

[Oct 2, 2011 8:24:06 PM EDT]       InvestorsLive people are going to take profits in this market

[Oct 2, 2011 8:24:09 PM EDT]       InvestorsLive on the pops

[Oct 2, 2011 8:25:03 PM EDT]       InvestorsLive just like a parabolic chart I go over … up up gap up over extension and start in

[Oct 2, 2011 8:25:22 PM EDT]       InvestorsLive size in based on 28.50 break ? its not going to rip $1+ on you just by knowing the stock

[Oct 2, 2011 8:25:26 PM EDT]       InvestorsLive and seeing how it trades

[Oct 2, 2011 8:25:53 PM EDT]       InvestorsLive cover sub whole #

[Oct 2, 2011 8:25:56 PM EDT]       InvestorsLive like we did on SINA Friday

[Oct 2, 2011 8:26:14 PM EDT]       InvestorsLive whole # cross and pop pull back re-test the whole # and fade away

[Oct 2, 2011 8:26:17 PM EDT]       InvestorsLive any questions AJ on it?

[Oct 2, 2011 8:26:31 PM EDT]       InvestorsLive same concept as all the others – just like IOC

[Oct 2, 2011 8:26:45 PM EDT]       InvestorsLive http://www.profitspi.com/stock-chart-str.aspx?id=IOC&ca=242697040

[Oct 2, 2011 8:26:51 PM EDT]       InvestorsLive Same reason I short IOC on the call Friday AM

[Oct 2, 2011 8:27:14 PM EDT]       ajtrader                gutsy trade, I gues you discussed you size in as the trade rolls on, but with C you went in with a strong lead of 2k shares…

[Oct 2, 2011 8:27:32 PM EDT]       InvestorsLive and take profits – sometimes they hold well – IOC held after support set up for same thing tomorrow

[Oct 2, 2011 8:27:37 PM EDT]       InvestorsLive not a gutsy trade at all

[Oct 2, 2011 8:27:40 PM EDT]       InvestorsLive maybe you’re still confused

[Oct 2, 2011 8:27:43 PM EDT]       InvestorsLive if think gutsy

[Oct 2, 2011 8:28:16 PM EDT]       InvestorsLive yes C trading range on a gap up and .30-.40 cent spike

[Oct 2, 2011 8:28:16 PM EDT]       ajtrader                No, I guess it was the 2k size you put in. But again, great trade to learn and watch from. Thank you

[Oct 2, 2011 8:28:19 PM EDT]       InvestorsLive 2k not much risk

[Oct 2, 2011 8:28:37 PM EDT]       InvestorsLive same thing the next day .. then had the trade working for me used houses money and averaged into the 9k short

[Oct 2, 2011 8:29:13 PM EDT]       InvestorsLive http://profit.ly/1Mmb6g

[Oct 2, 2011 8:29:14 PM EDT]       InvestorsLive that one

[Oct 2, 2011 8:29:45 PM EDT]       InvestorsLive Another C trade when it was re-testing 27s

[Oct 2, 2011 8:29:46 PM EDT]       InvestorsLive http://profit.ly/1Mmb6t

[Oct 2, 2011 8:29:51 PM EDT]       InvestorsLive SPY started to tank

[Oct 2, 2011 8:29:56 PM EDT]       InvestorsLive take C s/s to roll w/ it

[Oct 2, 2011 8:30:58 PM EDT]       InvestorsLive When you watching a stock either for a short what indicators do you look for? Does the SPY factor into when you should take the short? Depending on which type of short, either a scalp or a trade, how do you determine your size based on the strength of the set up? For example, if its a parabolic short do you play large? If it’s a fade short do you play smaller or vice versa? When you build into a short position do you start with 1/4th or 1/3rd of the total size you wanted to get to in the end? Could you walk me through a short trade you built a position in recently? Do you only short strong moves such as parabolics/fades? Or do you also short stocks that are weak, but look like they are about to crack? Could you show me a recent example of a stock you shorted that was both strong and weak? Thank you.

[Oct 2, 2011 8:32:05 PM EDT]       InvestorsLive yes, SPY always up there when the market is trading like this – if MCP looks like its about to break out and then SPY starts tanking .50-.75 cents are you going to take MCP long?

[Oct 2, 2011 8:32:26 PM EDT]       InvestorsLive as I always say re: parabolic shorts I play relative to the price action

[Oct 2, 2011 8:32:30 PM EDT]       InvestorsLive and size in accordingly

[Oct 2, 2011 8:32:35 PM EDT]       InvestorsLive just as I explain earlier

[Oct 2, 2011 8:33:13 PM EDT]       InvestorsLive I don’t short strong moves, I short over extended charts and parabolics – strong moves I consider the slow grinders hugging the HODs all day

[Oct 2, 2011 8:34:08 PM EDT]       InvestorsLive I go over exactly what I short – on the seminar that shows trading set ups – that’s your best bet Miles … if more questions tomorrow just PM

[Oct 2, 2011 8:34:15 PM EDT]       InvestorsLive shorted SINA into the parabolic on Friday

[Oct 2, 2011 8:34:19 PM EDT]       InvestorsLive right at the highs

[Oct 2, 2011 8:34:33 PM EDT]       InvestorsLive b/c it was moving up slowly but surely than spiked $2/share after it was grinding out for a few hours

[Oct 2, 2011 8:34:47 PM EDT]       InvestorsLive that was a strong move over extending

[Oct 2, 2011 8:34:58 PM EDT]       InvestorsLive covered early sure – but whavers

[Oct 2, 2011 8:35:14 PM EDT]       InvestorsLive and C was some weak moves I was shorting

[Oct 2, 2011 8:35:22 PM EDT]       InvestorsLive or MCP I’m covering here

[Oct 2, 2011 8:35:31 PM EDT]       InvestorsLive MCP http://www.profitspi.com/stock-chart-str.aspx?id=MCP&ca=360788406 http://www.investorsunderground.com/img/YIRXYNXOAW.png

[Oct 2, 2011 8:35:56 PM EDT]       pupu69 Please define over extended charts…..

[Oct 2, 2011 8:36:17 PM EDT]       InvestorsLive pupu69 – same as what I explained on C same concept

[Oct 2, 2011 8:36:37 PM EDT]       InvestorsLive otherwise if u check the parabolic short set ups in new member page I have a ton since its one of my favorites

[Oct 2, 2011 8:36:44 PM EDT]       InvestorsLive not really too many in this market right now

[Oct 2, 2011 8:36:55 PM EDT]       InvestorsLive OPTR was one but never cracked

[Oct 2, 2011 8:37:19 PM EDT]       InvestorsLive but MCP – $38 I had said I was short I forget where 38 and change …

[Oct 2, 2011 8:37:28 PM EDT]       InvestorsLive http://www.investorsunderground.com/img/YIRXYNXOAW.png

[Oct 2, 2011 8:37:45 PM EDT]       InvestorsLive had put a top in 38.50s … so size in accordinly … was holding 38.20s for most of the day

[Oct 2, 2011 8:37:52 PM EDT]       InvestorsLive then did a slow fade and SPY started to crack hard

[Oct 2, 2011 8:37:59 PM EDT]       InvestorsLive so I took the short and risk was 38.25s

[Oct 2, 2011 8:38:19 PM EDT]       InvestorsLive way I looka t it 38.20s were holding …. for long time prior support = new resistance

[Oct 2, 2011 8:38:28 PM EDT]       InvestorsLive so give yourself a lil buffer past the .20s to .25 range

[Oct 2, 2011 8:38:39 PM EDT]       InvestorsLive if it doesnt top and keeps holding – take it off

[Oct 2, 2011 8:38:48 PM EDT]       InvestorsLive but I had suggested taking covers at .70s range

[Oct 2, 2011 8:38:59 PM EDT]       InvestorsLive I think about 2 hrs later ended up back towards 38 but topped there

[Oct 2, 2011 8:39:16 PM EDT]       InvestorsLive questions on this chart?

[Oct 2, 2011 8:39:55 PM EDT]       InvestorsLive Another older example on VHC

[Oct 2, 2011 8:39:56 PM EDT]       InvestorsLive http://www.investorsunderground.com/img/AYGNJKRKHD.png

[Oct 2, 2011 8:39:58 PM EDT]       InvestorsLive same concept

[Oct 2, 2011 8:40:05 PM EDT]       InvestorsLive same weak late day fader type

[Oct 2, 2011 8:41:00 PM EDT]       InvestorsLive Next wanted to discuss 2 things, one a washout and then 2 the picture perfect play we had on YOKU

[Oct 2, 2011 8:41:03 PM EDT]       InvestorsLive http://www.investorsunderground.com/img/STRIDJEKTW.png

[Oct 2, 2011 8:41:12 PM EDT]       InvestorsLive when I say watch for washout …

[Oct 2, 2011 8:41:22 PM EDT]       InvestorsLive or i talk about a parabolic … etc .. and over extension

[Oct 2, 2011 8:41:40 PM EDT]       InvestorsLive im talking about price action that is way outta whack relative to the prior price action

[Oct 2, 2011 8:41:48 PM EDT]       InvestorsLive ie: market orders, stop orders, panic etc

[Oct 2, 2011 8:41:55 PM EDT]       InvestorsLive so perfect chart here to see what I mean here

[Oct 2, 2011 8:42:06 PM EDT]       InvestorsLive same idea if you flipped it upside down that’d be a parabolic

[Oct 2, 2011 8:42:11 PM EDT]       InvestorsLive make sense – questions?

[Oct 2, 2011 8:42:38 PM EDT]       spazztrader        sorry IL what charting software is that from? tia

[Oct 2, 2011 8:43:03 PM EDT]       spazztrader        nice and clear charts

[Oct 2, 2011 8:43:11 PM EDT]       InvestorsLive DAS

[Oct 2, 2011 8:43:17 PM EDT]       spazztrader        ahh ok ty

[Oct 2, 2011 8:43:20 PM EDT]       Robyn   you are taking size at these washouts & paras then?

[Oct 2, 2011 8:43:50 PM EDT]       InvestorsLive Robyn – I’m just talking about the action

[Oct 2, 2011 8:44:24 PM EDT]       InvestorsLive depends on chart – if it was beat prior then sure I’d prob take some

[Oct 2, 2011 8:44:27 PM EDT]       InvestorsLive or over extended chart

[Oct 2, 2011 8:44:31 PM EDT]       InvestorsLive prob take some size

[Oct 2, 2011 8:44:33 PM EDT]       InvestorsLive but not much in this market

[Oct 2, 2011 8:44:40 PM EDT]       InvestorsLive id prob do 1k if I had been awake on that washout

[Oct 2, 2011 8:44:54 PM EDT]       InvestorsLive 1k and out 500 real fast

[Oct 2, 2011 8:45:10 PM EDT]       Robyn   ok

[Oct 2, 2011 8:45:26 PM EDT]       Robyn   SINA washed early on friday morning

[Oct 2, 2011 8:45:27 PM EDT]       InvestorsLive finding the bottom isn’t easy happens over time but

[Oct 2, 2011 8:45:33 PM EDT]       InvestorsLive its more about going on the other side of the trade

[Oct 2, 2011 8:45:37 PM EDT]       InvestorsLive think about yourself long

[Oct 2, 2011 8:45:44 PM EDT]       InvestorsLive and think about what point you’d be hitting the panic button

[Oct 2, 2011 8:45:47 PM EDT]       InvestorsLive and say omg this is going to $0

[Oct 2, 2011 8:45:48 PM EDT]       InvestorsLive im out

[Oct 2, 2011 8:46:03 PM EDT]       InvestorsLive thats how I try to think when I’m trading washouts or like on OTCs

[Oct 2, 2011 8:46:07 PM EDT]       InvestorsLive POTG etc

[Oct 2, 2011 8:46:29 PM EDT]       InvestorsLive but there is no real answer “ok so how do I nail a rebound like that”

[Oct 2, 2011 8:46:36 PM EDT]       InvestorsLive it takes time .. best way is to watch ’em over and over

[Oct 2, 2011 8:46:47 PM EDT]       InvestorsLive so then

[Oct 2, 2011 8:46:54 PM EDT]       InvestorsLive YOKU i chickend

[Oct 2, 2011 8:46:58 PM EDT]       InvestorsLive had I had only 1k I’d be fine

[Oct 2, 2011 8:47:03 PM EDT]       InvestorsLive and woulda banked but

[Oct 2, 2011 8:47:07 PM EDT]       InvestorsLive I had made the YOKU call said

[Oct 2, 2011 8:47:15 PM EDT]       InvestorsLive probably short squeeze into close

[Oct 2, 2011 8:47:22 PM EDT]       InvestorsLive if it gets lifts and holds $15.50

[Oct 2, 2011 8:47:23 PM EDT]       InvestorsLive http://img6.imageshack.us/img6/5751/bigchart.gif

[Oct 2, 2011 8:47:33 PM EDT]       InvestorsLive I’m talking Thursday on this chart

[Oct 2, 2011 8:47:52 PM EDT]       InvestorsLive beat chart – beat down all day … was dwon like 4.50 on day

[Oct 2, 2011 8:47:58 PM EDT]       InvestorsLive and sideways for about 30 minutes

[Oct 2, 2011 8:48:06 PM EDT]       InvestorsLive had said wide stop 14.90 stop

[Oct 2, 2011 8:48:09 PM EDT]       InvestorsLive 15.43 entry

[Oct 2, 2011 8:48:20 PM EDT]       InvestorsLive for the possibe squeeze into close

[Oct 2, 2011 8:48:33 PM EDT]       InvestorsLive nothing crazy – but facts are facts – there are traders.. there are shorts

[Oct 2, 2011 8:48:41 PM EDT]       InvestorsLive if it starts to rebound just like you or me .. if we were short

[Oct 2, 2011 8:48:48 PM EDT]       InvestorsLive we’d prob say .. ok I’m going to lock in profits

[Oct 2, 2011 8:49:13 PM EDT]       InvestorsLive so where it was going sideways for the last hour had another test 15.20s

[Oct 2, 2011 8:49:20 PM EDT]       InvestorsLive then straight up from there after it broke 15.50 and re-tested and held it

[Oct 2, 2011 8:49:29 PM EDT]       InvestorsLive then again – gap down and washout the next day

[Oct 2, 2011 8:49:40 PM EDT]       InvestorsLive another play listed on scan

[Oct 2, 2011 8:50:26 PM EDT]       InvestorsLive now it’ll prob lose vol and less trades but as you see these things can be pretty rewarding

[Oct 2, 2011 8:50:33 PM EDT]       InvestorsLive SINA SOHU YOKU BIDU all trading together

[Oct 2, 2011 8:50:40 PM EDT]       InvestorsLive soon they’ll go off radar

[Oct 2, 2011 8:50:55 PM EDT]       InvestorsLive but in the mean time they are trying to find a bottom or top and with that comes big daily range

[Oct 2, 2011 8:51:05 PM EDT]       Laura that’s what happens

[Oct 2, 2011 8:51:12 PM EDT]       Laura all drop off radar

[Oct 2, 2011 8:51:18 PM EDT]       InvestorsLive then we’ll have a new batch

[Oct 2, 2011 8:51:21 PM EDT]       Laura that’s when I like em

[Oct 2, 2011 8:51:26 PM EDT]       InvestorsLive ha

[Oct 2, 2011 8:51:33 PM EDT]       Laura GRO ran up huge

[Oct 2, 2011 8:51:47 PM EDT]       Laura shorted on the way down when it dropped off radar

[Oct 2, 2011 8:52:37 PM EDT]       InvestorsLive http://www.investorsunderground.com/img/FAFOPTPSKX.png

[Oct 2, 2011 8:52:40 PM EDT]       InvestorsLive SINA and SHOHU

[Oct 2, 2011 8:52:41 PM EDT]       InvestorsLive SOHU

[Oct 2, 2011 8:52:52 PM EDT]       InvestorsLive you can see on SINA where I had done that short

[Oct 2, 2011 8:53:13 PM EDT]       InvestorsLive but theres just so many plays here

[Oct 2, 2011 8:53:21 PM EDT]       InvestorsLive gap down, the AM washout there

[Oct 2, 2011 8:53:32 PM EDT]       InvestorsLive I nailed that bottom happened too fast tho

[Oct 2, 2011 8:53:41 PM EDT]       InvestorsLive sold into first pop .. held higher low

[Oct 2, 2011 8:53:43 PM EDT]       InvestorsLive started to gear

[Oct 2, 2011 8:53:47 PM EDT]       InvestorsLive anticipate red/green

[Oct 2, 2011 8:53:55 PM EDT]       InvestorsLive missed all that?

[Oct 2, 2011 8:54:00 PM EDT]       InvestorsLive couple fails at r/g

[Oct 2, 2011 8:54:08 PM EDT]       InvestorsLive then finally breaks .. bam rips

[Oct 2, 2011 8:54:19 PM EDT]       InvestorsLive gearing … .50 ish slowly but surely then bang $2/share pop

[Oct 2, 2011 8:54:45 PM EDT]       InvestorsLive short some 76.40s I think it was

[Oct 2, 2011 8:54:49 PM EDT]       InvestorsLive quick wash sub 76s

[Oct 2, 2011 8:54:51 PM EDT]       InvestorsLive take some off

[Oct 2, 2011 8:54:55 PM EDT]       InvestorsLive round 2 another pop

[Oct 2, 2011 8:55:01 PM EDT]       InvestorsLive $77s test now wait for it…

[Oct 2, 2011 8:55:03 PM EDT]       InvestorsLive squeeze thru 77s

[Oct 2, 2011 8:55:07 PM EDT]       InvestorsLive took some s/s

[Oct 2, 2011 8:55:14 PM EDT]       InvestorsLive cover sub 77s held some

[Oct 2, 2011 8:55:16 PM EDT]       InvestorsLive and cover way early

[Oct 2, 2011 8:55:42 PM EDT]       InvestorsLive all easy in hindsight (woulda held short obviously)

[Oct 2, 2011 8:55:47 PM EDT]       InvestorsLive but the rest of what I just labeled

[Oct 2, 2011 8:55:50 PM EDT]       InvestorsLive was all in chat

[Oct 2, 2011 8:55:58 PM EDT]       InvestorsLive prior so u can see how we anticipate this stuff

[Oct 2, 2011 8:56:22 PM EDT]       InvestorsLive that’s pretty much what I prepared for recent charts – was hoping to get more questions this weekend but guess everyone has them all answered 🙂

[Oct 2, 2011 8:56:30 PM EDT]       InvestorsLive guys have any questions ?

[Oct 2, 2011 8:57:13 PM EDT]       phatboyz             DO u use any mkt orders or all limit orders?

[Oct 2, 2011 8:57:14 PM EDT]       rwaters254         Thanks Nate

[Oct 2, 2011 8:57:21 PM EDT]       InvestorsLive still a no

[Oct 2, 2011 8:57:27 PM EDT]       InvestorsLive still limit orders as always

[Oct 2, 2011 8:57:37 PM EDT]       phatboyz             ty

[Oct 2, 2011 9:00:13 PM EDT]       pupu69 Dou look for specific pattern? or what are the indicators u use? also what time frame do u trade from?

[Oct 2, 2011 9:00:37 PM EDT]       InvestorsLive what do u mean do I look for specific patterns?

[Oct 2, 2011 9:00:55 PM EDT]       InvestorsLive still a 1 min chart on the intrday charts

[Oct 2, 2011 9:00:56 PM EDT]       InvestorsLive havent changed

[Oct 2, 2011 9:01:02 PM EDT]       pupu69 cup and handles, flags, triangles etc…

[Oct 2, 2011 9:01:18 PM EDT]       InvestorsLive no, I just use the set ups I cover

[Oct 2, 2011 9:01:27 PM EDT]       InvestorsLive I don’t hide things, I put it all out there

[Oct 2, 2011 9:01:31 PM EDT]       InvestorsLive if I use it I tell ya

[Oct 2, 2011 9:01:40 PM EDT]       InvestorsLive I dont use SMA .. RSI etc

[Oct 2, 2011 9:01:46 PM EDT]       InvestorsLive I use 1 min chart volume candlesticks

[Oct 2, 2011 9:02:30 PM EDT]       pupu69 ty IL

[Oct 2, 2011 9:04:12 PM EDT]       InvestorsLive alright guys – well that was easy tonight – not many questions and not many after

[Oct 2, 2011 9:04:18 PM EDT]       cam        IL, using YOKU chart as example, if you missed the long from the bottom, and you’re looking to make the r/g play, will you generally sell into the pop, or will you try and let it run after the r/g cross, using r/g as support ?

[Oct 2, 2011 9:04:21 PM EDT]       cam        http://www.investorsunderground.com/img/STRIDJEKTW.png

[Oct 2, 2011 9:04:21 PM EDT]       InvestorsLive as I always say new peeps please review the new member page

[Oct 2, 2011 9:04:38 PM EDT]       InvestorsLive i wouldnt play r/g there

[Oct 2, 2011 9:04:40 PM EDT]       InvestorsLive look at the chart

[Oct 2, 2011 9:04:44 PM EDT]       InvestorsLive straight up from 16

[Oct 2, 2011 9:04:56 PM EDT]       InvestorsLive I play r/g with a chart set up if its gearing/perking

[Oct 2, 2011 9:05:43 PM EDT]       InvestorsLive not a straight up pop – u could but risk/reward

[Oct 2, 2011 9:05:45 PM EDT]       InvestorsLive not in ur favor there

[Oct 2, 2011 9:06:50 PM EDT]       cam        cool

[Oct 2, 2011 9:06:53 PM EDT]       cam        thx

[Oct 2, 2011 9:08:18 PM EDT]       InvestorsLive alrigth then – hope the charts help

[Oct 2, 2011 9:08:21 PM EDT]       InvestorsLive visuals etc

[Oct 2, 2011 9:08:57 PM EDT]       InvestorsLive ill be on/off – as always if you’re having trouble feel free to PM me during the day

[Oct 2, 2011 9:09:52 PM EDT]       cam        ::beer

[Oct 2, 2011 9:10:28 PM EDT]       zamoracc             Very educational IL, thank you! Looking forward to the next one in two weeks.

[Oct 2, 2011 11:57:20 PM EDT]    bmon    asian markets getting slameeeeeeeeeeeed

[Oct 2, 2011 11:57:24 PM EDT]    bmon    bang bang

[Oct 3, 2011 12:04:08 AM EDT]    bmon    time to slame some shorts ::beer

[Oct 3, 2011 12:08:37 AM EDT]    dogfooddog       Effective October 1, 2011, you cannot trade in excess of 10% of the previous 20 business day average trading volume of any OTC Bulletin Board (OTCBB) or Pink Sheet security, on any day, regardless of the stock’s price. In addition, for stocks trading below $1 per share, you cannot trade more than 25% of the current day’s trading volume.

[Oct 3, 2011 12:09:34 AM EDT]    dogfooddog       that 20-day rule is a prtty big issue, given that many touts have avg volume zero until the first day

[Oct 3, 2011 12:09:50 AM EDT]    dogfooddog       so you cannot trade more than 1/2% of the first day’s volume on day 1

[Oct 3, 2011 12:31:21 AM EDT]    dogfooddog       or mabye cannot trade at all, it says ‘previous 20-day-avger volume’

[Oct 3, 2011 12:31:28 AM EDT]    dogfooddog       serious %%%%

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