[Oct 3, 2010 8:03:39 PM EDT] InvestorsLive ok ok haha I guess it’s 8PM huh
[Oct 3, 2010 8:03:42 PM EDT] InvestorsLive guess we should start
[Oct 3, 2010 8:03:45 PM EDT] king12x we my wife will kill me if she knew I like the other sex…. if you know what I mean
[Oct 3, 2010 8:03:53 PM EDT] bmon lol
[Oct 3, 2010 8:04:05 PM EDT] InvestorsLive What’s up all – some older folks coming back … programmer promises me tomorrow new back end in place
[Oct 3, 2010 8:04:08 PM EDT] Ironman yeah stay staright no mike g stuff
[Oct 3, 2010 8:04:12 PM EDT] InvestorsLive so I’ll prob have you all test it durin the day
[Oct 3, 2010 8:04:15 PM EDT] InvestorsLive and make sure your log in works
[Oct 3, 2010 8:04:19 PM EDT] king12x 26/M/ Saint Louis
[Oct 3, 2010 8:04:21 PM EDT] InvestorsLive and then it’ll be back to norm
[Oct 3, 2010 8:04:36 PM EDT] InvestorsLive so I apologize for those 2 days that the site was slow
[Oct 3, 2010 8:04:44 PM EDT] InvestorsLive hopefully it won’t happen with the new server and back end
[Oct 3, 2010 8:04:56 PM EDT] InvestorsLive and from there we’ll offer 6 month and 12 month packages too
[Oct 3, 2010 8:05:07 PM EDT] InvestorsLive but that’s a topic for a post which I’ll cover
[Oct 3, 2010 8:05:25 PM EDT] InvestorsLive but just wanted to let u guys know – that’ll be happening tomorrow and then hopefully new site launch shortly after – we just have to make sure the back end works
[Oct 3, 2010 8:05:35 PM EDT] InvestorsLive so – thx for those who sent me questions
[Oct 3, 2010 8:05:37 PM EDT] sarafun just got here. seminar “at 7” . is that CST? (now?)
[Oct 3, 2010 8:05:49 PM EDT] InvestorsLive seminar is at 8 sara
[Oct 3, 2010 8:05:53 PM EDT] InvestorsLive est
[Oct 3, 2010 8:05:54 PM EDT] InvestorsLive always
[Oct 3, 2010 8:06:02 PM EDT] InvestorsLive unless otherwise noted
[Oct 3, 2010 8:06:30 PM EDT] InvestorsLive anyway first order of business is STOP LOSSES and then some questions via email and then we can open up for general discussion
[Oct 3, 2010 8:06:48 PM EDT] InvestorsLive I will be first to admit…
[Oct 3, 2010 8:07:06 PM EDT] InvestorsLive after I’m hot for a long short while.. and on “fire” I always end up letting one get away from me
[Oct 3, 2010 8:07:11 PM EDT] InvestorsLive like JAZZ a few months back… t
[Oct 3, 2010 8:07:22 PM EDT] InvestorsLive then I get hot hot hot.. and just instead of taking a small loss on MCP
[Oct 3, 2010 8:07:29 PM EDT] InvestorsLive I let it turn into a few thousand dollar loser
[Oct 3, 2010 8:07:42 PM EDT] InvestorsLive not only did I do that but I told chat 3-4x WHEN it would break out
[Oct 3, 2010 8:07:46 PM EDT] InvestorsLive and when it’d move towards the upside
[Oct 3, 2010 8:07:59 PM EDT] InvestorsLive I gave u guys apic on Friday showing u that if it breaks the top end of hte channel
[Oct 3, 2010 8:08:01 PM EDT] InvestorsLive it was going to break out
[Oct 3, 2010 8:08:13 PM EDT] InvestorsLive just stubborn on my part to turn it into a loser
[Oct 3, 2010 8:08:15 PM EDT] InvestorsLive BUT
[Oct 3, 2010 8:08:22 PM EDT] InvestorsLive point is losses happen
[Oct 3, 2010 8:08:35 PM EDT] InvestorsLive sometimes .. I’ll get a PM and some1 may say “Are u holding XYZ?”
[Oct 3, 2010 8:08:41 PM EDT] InvestorsLive Maybe Muddy.. maybe Laura too
[Oct 3, 2010 8:08:52 PM EDT] InvestorsLive depending on our size… may be WHY we are still in…
[Oct 3, 2010 8:09:03 PM EDT] InvestorsLive if we are in a starter… $300-500 may not be a big issue to us ..
[Oct 3, 2010 8:09:19 PM EDT] InvestorsLive whereas for some1 with a small account that could be 25% of a portfolio
[Oct 3, 2010 8:09:36 PM EDT] InvestorsLive so the main point tonight that I wanted to cover is to develop a plan… metal or actual
[Oct 3, 2010 8:09:38 PM EDT] InvestorsLive stop losses
[Oct 3, 2010 8:09:44 PM EDT] InvestorsLive I don’t use a physical one
[Oct 3, 2010 8:09:59 PM EDT] InvestorsLive I use mental just b/c sometimes things pop and come right back etc.. and would hate to stop oiut on something like that
[Oct 3, 2010 8:10:06 PM EDT] InvestorsLive but regardless if I .. or anyone else holds
[Oct 3, 2010 8:10:09 PM EDT] InvestorsLive you need a plan
[Oct 3, 2010 8:10:15 PM EDT] InvestorsLive what are you willing to risk on a play?
[Oct 3, 2010 8:10:34 PM EDT] InvestorsLive if you have a smaller portfolio – what is a ‘smaller loss’ that you’re willing to take
[Oct 3, 2010 8:10:36 PM EDT] InvestorsLive what is recoverable?
[Oct 3, 2010 8:10:53 PM EDT] Ironman I call mine the “what if level”
[Oct 3, 2010 8:11:01 PM EDT] Ironman never let it go beyond that
[Oct 3, 2010 8:11:05 PM EDT] Laura I find that lately I am using tighter stops on some
[Oct 3, 2010 8:11:23 PM EDT] InvestorsLive if you get into a play .. and it doesn’t do what your anticipating… just take even.. or take the small loss
[Oct 3, 2010 8:11:25 PM EDT] Laura If it doesn’t do what I thought quickly, I’m out near even
[Oct 3, 2010 8:11:30 PM EDT] InvestorsLive like Laura just said ..
[Oct 3, 2010 8:11:36 PM EDT] InvestorsLive this market .. u can be 100% right out of the gate
[Oct 3, 2010 8:11:41 PM EDT] InvestorsLive but …. 30 minutes later
[Oct 3, 2010 8:11:45 PM EDT] Laura but on my swing shorts, I give more room
[Oct 3, 2010 8:11:46 PM EDT] InvestorsLive it’s hitting 52 week highs
[Oct 3, 2010 8:12:07 PM EDT] InvestorsLive we might be stalking moves that have gone $3 to $6 .. and we know its a 100% short
[Oct 3, 2010 8:12:14 PM EDT] InvestorsLive but things have been lasting that extra day or 2 …
[Oct 3, 2010 8:12:15 PM EDT] Laura though I should be swinging long in this market 🙁
[Oct 3, 2010 8:12:17 PM EDT] InvestorsLive which is causing a lot of squeezes
[Oct 3, 2010 8:12:24 PM EDT] InvestorsLive zactly L lol
[Oct 3, 2010 8:12:38 PM EDT] InvestorsLive so.. that’s why I have been telling folks who PM me htat nail stuff out of hte gate…
[Oct 3, 2010 8:12:40 PM EDT] InvestorsLive lock those profits
[Oct 3, 2010 8:12:42 PM EDT] InvestorsLive move to the next
[Oct 3, 2010 8:12:51 PM EDT] Laura ok, one other way I played it this week
[Oct 3, 2010 8:12:58 PM EDT] InvestorsLive this market is insnae .. and 9:30 to 10AM .. is a complete 360 from 10:30AM
[Oct 3, 2010 8:13:11 PM EDT] Laura I had 3 swing shorts, one was REDF, forget other 2
[Oct 3, 2010 8:13:28 PM EDT] Laura I had to leave for few hours for a doc appt
[Oct 3, 2010 8:13:49 PM EDT] Laura I did put real stops in with those, trailing stops
[Oct 3, 2010 8:13:57 PM EDT] InvestorsLive yes
[Oct 3, 2010 8:14:03 PM EDT] InvestorsLive if u leave 100%
[Oct 3, 2010 8:14:05 PM EDT] Laura got stopped out of REDF
[Oct 3, 2010 8:14:27 PM EDT] Laura got back, reshorted it, and doing okay on it now
[Oct 3, 2010 8:14:27 PM EDT] InvestorsLive but like REDF then it ends at LOD – it’s just silly
[Oct 3, 2010 8:14:54 PM EDT] Laura but I couldn’t walk away with no stop at all
[Oct 3, 2010 8:15:00 PM EDT] InvestorsLive it’s def. a traders market right now .. and I just hate to see people go broke because they ride out a loss and let it keep going
[Oct 3, 2010 8:15:11 PM EDT] InvestorsLive in a traders market its important to take loss if wrong
[Oct 3, 2010 8:15:20 PM EDT] InvestorsLive so that’s the first order of business
[Oct 3, 2010 8:15:35 PM EDT] InvestorsLive if I am in 1/2 size… for example.. and you go in your full size
[Oct 3, 2010 8:15:47 PM EDT] InvestorsLive I could have a $500-1k gateway .. where I’m ok with letting it swing
[Oct 3, 2010 8:16:07 PM EDT] InvestorsLive but for some others.. that will CRUSH an account
[Oct 3, 2010 8:16:10 PM EDT] InvestorsLive so it’s all relative
[Oct 3, 2010 8:16:19 PM EDT] InvestorsLive and you need to hav ea plan and stick with it
[Oct 3, 2010 8:16:38 PM EDT] InvestorsLive feel free to always PM me and I will et you know what I think .. let you know if I am sticking in.. down/up etc
[Oct 3, 2010 8:16:58 PM EDT] InvestorsLive but there was a play last week .. I told someone they were up on the first play to star the day
[Oct 3, 2010 8:17:01 PM EDT] InvestorsLive CNST .. $800 bucks
[Oct 3, 2010 8:17:10 PM EDT] InvestorsLive and then I shorted another.. it held up all morning after a small dip
[Oct 3, 2010 8:17:21 PM EDT] Laura and new guys that get whacked by stopping out and then seeing the stock run after……………just deal with it
[Oct 3, 2010 8:17:26 PM EDT] Laura happens to all of us
[Oct 3, 2010 8:17:36 PM EDT] InvestorsLive I said … cut it off.. I’m in 1/2 size so going to let it swing and add into it – expecting to average in
[Oct 3, 2010 8:17:45 PM EDT] InvestorsLive he went in full size and stayed short because I was…
[Oct 3, 2010 8:17:57 PM EDT] InvestorsLive 4 x + even in chat I said dude.. just take loss stay green on day etc
[Oct 3, 2010 8:18:00 PM EDT] InvestorsLive he ended up going red
[Oct 3, 2010 8:18:09 PM EDT] InvestorsLive just cuz stubborness got in way
[Oct 3, 2010 8:18:25 PM EDT] InvestorsLive like I said.. it HAPPENS.. I do it too.. sometimes you need a slap in face
[Oct 3, 2010 8:18:51 PM EDT] InvestorsLive but … for those who want to have a good chance at making it and really learn… just have a plan $100-200 range.. don’t let ur losses get much bigger
[Oct 3, 2010 8:19:00 PM EDT] InvestorsLive and all it takes is one score .. and you whipe out a ton of losers
[Oct 3, 2010 8:19:16 PM EDT] InvestorsLive and yes like L said… I’d rather leave profits on table
[Oct 3, 2010 8:19:21 PM EDT] InvestorsLive then give them back or lose
[Oct 3, 2010 8:19:37 PM EDT] InvestorsLive I try to leave $5-50k of profits on the table a day 🙂
[Oct 3, 2010 8:19:45 PM EDT] InvestorsLive any days I don’t leave profits on table.. I’m red 🙂
[Oct 3, 2010 8:20:10 PM EDT] InvestorsLive so that’s my main topc I wanted to bring up tonight – any questions about it guys?
[Oct 3, 2010 8:20:15 PM EDT] InvestorsLive anyone having trouble with losers getting away from them?
[Oct 3, 2010 8:20:20 PM EDT] InvestorsLive trouble taking losses?
[Oct 3, 2010 8:20:58 PM EDT] dr0832 sometimes I know my stop and then the stock busts through say .15 past my stop
[Oct 3, 2010 8:21:21 PM EDT] dr0832 what do you do if it continues on another .10 without coming back a bit?
[Oct 3, 2010 8:21:31 PM EDT] sarafun Yes, especially when the conventional wisdom is most people have a hard time letting profits run.
[Oct 3, 2010 8:21:32 PM EDT] dr0832 assuming you are not using a hard stop
[Oct 3, 2010 8:21:35 PM EDT] InvestorsLive well if it goes past ur stop
[Oct 3, 2010 8:21:37 PM EDT] 4chan very good points so far, i learnt my lesson on HLXW couple weeks back 🙁
[Oct 3, 2010 8:21:41 PM EDT] InvestorsLive then you’re wrong
[Oct 3, 2010 8:21:49 PM EDT] InvestorsLive so like I said.. if ur wrong. ur plan is not right
[Oct 3, 2010 8:21:53 PM EDT] InvestorsLive let it set up .. attack it again and go for it
[Oct 3, 2010 8:21:54 PM EDT] sarafun Or “staying in” to see how it turns out.
[Oct 3, 2010 8:21:58 PM EDT] king12x do you practice the martingale rule with your losses?
[Oct 3, 2010 8:21:59 PM EDT] dr0832 so you just cut it at whatever price you can?
[Oct 3, 2010 8:22:36 PM EDT] sarafun Or “most traders would do well to set and forget, because they tend to cut profits short.”
[Oct 3, 2010 8:22:38 PM EDT] InvestorsLive dr0832- I normally don’t panic if it spikes against me .. but for example
[Oct 3, 2010 8:22:45 PM EDT] InvestorsLive if I am in something .. and it goes adverse way …
[Oct 3, 2010 8:22:49 PM EDT] InvestorsLive I might add in on a big pop
[Oct 3, 2010 8:22:53 PM EDT] sarafun That can Become “let losses run.”
[Oct 3, 2010 8:22:59 PM EDT] InvestorsLive and then cover
[Oct 3, 2010 8:23:00 PM EDT] InvestorsLive on the pull
[Oct 3, 2010 8:23:02 PM EDT] InvestorsLive and be done with it
[Oct 3, 2010 8:23:14 PM EDT] InvestorsLive but yes… otherwise look if it didn’t go as planned
[Oct 3, 2010 8:23:16 PM EDT] InvestorsLive take the hit and move on
[Oct 3, 2010 8:23:24 PM EDT] InvestorsLive what if it never comes back
[Oct 3, 2010 8:23:44 PM EDT] InvestorsLive I will tell you ever BIG LOSS I’ve ever had
[Oct 3, 2010 8:23:47 PM EDT] InvestorsLive I can go back to that point
[Oct 3, 2010 8:23:54 PM EDT] InvestorsLive where I was contimplating
[Oct 3, 2010 8:23:56 PM EDT] InvestorsLive and even saying to myself
[Oct 3, 2010 8:23:57 PM EDT] dr0832 what type of pull in do you usually expected on say and unexpected .25 spike in a penny stock when you would then add and cover as it comes back down?
[Oct 3, 2010 8:24:00 PM EDT] winyaz How do you do this with a stock like JYHW where the spread was .05 on a .25 stock?
[Oct 3, 2010 8:24:03 PM EDT] InvestorsLive “I should probably just take hte loss here”
[Oct 3, 2010 8:24:15 PM EDT] InvestorsLive dr0832 – it’s all relative to the stock .. and the move
[Oct 3, 2010 8:24:18 PM EDT] InvestorsLive there isn’t an answer for that
[Oct 3, 2010 8:24:28 PM EDT] InvestorsLive I just trade the emotion around the move
[Oct 3, 2010 8:24:38 PM EDT] InvestorsLive but for newer traders I’d just take loss into first pull back
[Oct 3, 2010 8:24:49 PM EDT] InvestorsLive you can always go back at it again if it sets back up and looks to be a good long/short again
[Oct 3, 2010 8:24:53 PM EDT] immersion the biggest challenge is knowing *where* to place the stop….sometimes there is a technical level at 5, 8 or 10% above/below ur entry…do u use the technical level as a stop, do u use a dollar amount (loss) as ur stop, do u use a flat percentage loss as ur stop?
[Oct 3, 2010 8:25:09 PM EDT] InvestorsLive winyaz – I think you need a new level 2 service .. the spread was never more than a penny or 2
[Oct 3, 2010 8:25:26 PM EDT] farmer Whats a good stop loss on a $7500 account
[Oct 3, 2010 8:25:29 PM EDT] InvestorsLive king – no idea what the martingale rule is – so no I don’t practice it
[Oct 3, 2010 8:25:42 PM EDT] InvestorsLive farmer – that’s up to u .. what is soemthing u consistantly make on your good trades
[Oct 3, 2010 8:25:44 PM EDT] MilesJStoner sell your loser and hold onto your winners. You can be right less than 50% of the time if you learn to manage your loses and let your winners run
[Oct 3, 2010 8:25:46 PM EDT] sarafun How many “mental” stops can you keep in your head at once?
[Oct 3, 2010 8:25:46 PM EDT] Laura wiki martingale later IL
[Oct 3, 2010 8:25:58 PM EDT] sarafun It’s like several “emotions” you are watching/playing
[Oct 3, 2010 8:26:00 PM EDT] winyaz I’m looking at the IB charts showing the bid/ask spread. Does that not reflect what the spread was at the time?
[Oct 3, 2010 8:26:07 PM EDT] king12x its basically if you lose on one postion you double down on the next postion to make up for the loses on the first position
[Oct 3, 2010 8:26:14 PM EDT] farmer $100-$1000
[Oct 3, 2010 8:26:17 PM EDT] InvestorsLive ok guys – settle down for a sec sheesh 25325 questions
[Oct 3, 2010 8:26:22 PM EDT] InvestorsLive lemme answer
[Oct 3, 2010 8:26:35 PM EDT] InvestorsLive lets keep to 2 peeps asking questions then another new 2 etc
[Oct 3, 2010 8:26:47 PM EDT] InvestorsLive (Oct 03-20:25) immersion: the biggest challenge is knowing *where* to place the stop….sometimes there is a technical level at 5, 8 or 10% above/below ur entry…do u use the technical level as a stop, do u use a dollar amount (loss) as ur stop, do u use a flat percentage loss as ur stop?
[Oct 3, 2010 8:26:54 PM EDT] InvestorsLive I usually base it on how the stock is trading
[Oct 3, 2010 8:27:03 PM EDT] InvestorsLive if the stock is a tighet trader than it’s going to be a tigheter stop loss
[Oct 3, 2010 8:27:11 PM EDT] InvestorsLive like REE – if you’re stop is .10 that’s too tight
[Oct 3, 2010 8:27:20 PM EDT] InvestorsLive it moves around .05-.10 all the time
[Oct 3, 2010 8:27:32 PM EDT] InvestorsLive so I go in based on how it’s moving and judge from there
[Oct 3, 2010 8:27:43 PM EDT] InvestorsLive if it’s got a wide channel I play smaller size wider stop
[Oct 3, 2010 8:27:50 PM EDT] InvestorsLive if tigehter… tighter stop bigger size
[Oct 3, 2010 8:27:58 PM EDT] InvestorsLive I don’t use %
[Oct 3, 2010 8:28:06 PM EDT] InvestorsLive I go into a play I see the RANGE
[Oct 3, 2010 8:28:11 PM EDT] InvestorsLive and decide my risk based on that
[Oct 3, 2010 8:28:33 PM EDT] InvestorsLive for a long I see the base it’s coming off of most times that’s where I’d play hte long off
[Oct 3, 2010 8:28:37 PM EDT] InvestorsLive the gearing/perking off support
[Oct 3, 2010 8:28:42 PM EDT] InvestorsLive if it breaks that support I’m out
[Oct 3, 2010 8:28:57 PM EDT] InvestorsLive if I’m shorting.. I don’t short into weakness and drops I short on a fade
[Oct 3, 2010 8:29:08 PM EDT] InvestorsLive breaking support .. where it’s topped at some sort of level..
[Oct 3, 2010 8:29:24 PM EDT] InvestorsLive and if it breaks that higher level .. u can stop
[Oct 3, 2010 8:30:01 PM EDT] InvestorsLive (Oct 03-20:26) sarafun: How many “mental” stops can you keep in your head at once?
[Oct 3, 2010 8:30:12 PM EDT] InvestorsLive as many as you can.. if you are getting confused or can’t watch them
[Oct 3, 2010 8:30:16 PM EDT] InvestorsLive then you are playing too many
[Oct 3, 2010 8:30:23 PM EDT] InvestorsLive so .. it depends on how many you can monitor
[Oct 3, 2010 8:30:30 PM EDT] tyguy351 aka same number of girlfriends u can keep
[Oct 3, 2010 8:30:33 PM EDT] InvestorsLive if you can’t monitor more than 1 or 2 .. then .. don’t play more than 2 at once
[Oct 3, 2010 8:30:39 PM EDT] dr0832 I usually place a colored line on my chart for the stops on trades I am in
[Oct 3, 2010 8:30:50 PM EDT] InvestorsLive (Oct 03-20:26) sarafun: It’s like several “emotions” you are watching/playing
[Oct 3, 2010 8:30:56 PM EDT] InvestorsLive emotions is something I play off of
[Oct 3, 2010 8:31:01 PM EDT] InvestorsLive I try to take advanage of them
[Oct 3, 2010 8:31:07 PM EDT] InvestorsLive that’s why you see me play a lot of washout plays
[Oct 3, 2010 8:31:12 PM EDT] InvestorsLive like GMCR
[Oct 3, 2010 8:31:13 PM EDT] InvestorsLive KBLB
[Oct 3, 2010 8:31:18 PM EDT] InvestorsLive or .. covering
[Oct 3, 2010 8:31:20 PM EDT] InvestorsLive like when I covered REE
[Oct 3, 2010 8:31:24 PM EDT] InvestorsLive it was down like 1.80 on the day
[Oct 3, 2010 8:31:30 PM EDT] InvestorsLive and we/I covered within 5 cents of LOD
[Oct 3, 2010 8:31:42 PM EDT] InvestorsLive You can sense the emotion on the other side
[Oct 3, 2010 8:31:54 PM EDT] InvestorsLive and take advantage of that over extension either to the upside or downside
[Oct 3, 2010 8:31:58 PM EDT] InvestorsLive dpeending if long or short
[Oct 3, 2010 8:32:06 PM EDT] InvestorsLive same stuff I try to take advatnage wheN i state on scan
[Oct 3, 2010 8:32:12 PM EDT] InvestorsLive watch for low vol pop outta open… then settle out/fade
[Oct 3, 2010 8:32:27 PM EDT] InvestorsLive people love to chase
[Oct 3, 2010 8:32:29 PM EDT] InvestorsLive or panic
[Oct 3, 2010 8:32:38 PM EDT] InvestorsLive we have one member that could NOT put emotion aside
[Oct 3, 2010 8:32:51 PM EDT] InvestorsLive I’d tell him we I’d short and instead of doing it as shown
[Oct 3, 2010 8:32:57 PM EDT] InvestorsLive he’d wait until it broke down… fade and wash out
[Oct 3, 2010 8:33:03 PM EDT] InvestorsLive and THEN he’d short… not wanting to miss the drop
[Oct 3, 2010 8:33:10 PM EDT] InvestorsLive meanwhile he short into panic and ends up with lots of losses
[Oct 3, 2010 8:33:16 PM EDT] dr0832 what do you consider low vol pop? .50 of vol on previous days pop or percentage of previous days vol or average vol
[Oct 3, 2010 8:33:28 PM EDT] InvestorsLive again its relative to prior days
[Oct 3, 2010 8:33:39 PM EDT] InvestorsLive everything I do is relative to either prior days or prior bars on hte 1 min
[Oct 3, 2010 8:33:54 PM EDT] InvestorsLive there’s no set amount # wise
[Oct 3, 2010 8:34:05 PM EDT] InvestorsLive if it’s low vol pop realtive to prior day/time frame
[Oct 3, 2010 8:34:09 PM EDT] InvestorsLive than .. it’s a low vol pop
[Oct 3, 2010 8:34:28 PM EDT] InvestorsLive (Oct 03-20:26) king12x: its basically if you lose on one postion you double down on the next postion to make up for the loses on the first position
[Oct 3, 2010 8:34:37 PM EDT] InvestorsLive real bad idea
[Oct 3, 2010 8:34:40 PM EDT] InvestorsLive that’s how you blow your account
[Oct 3, 2010 8:34:49 PM EDT] MilesJStoner this not gambling
[Oct 3, 2010 8:35:09 PM EDT] InvestorsLive people get emotional about losses and hten go in double size on next
[Oct 3, 2010 8:35:14 PM EDT] InvestorsLive to make up for prior loss
[Oct 3, 2010 8:35:19 PM EDT] InvestorsLive cool… so what happens if you’re wrong?
[Oct 3, 2010 8:35:26 PM EDT] MilesJStoner double loss
[Oct 3, 2010 8:35:29 PM EDT] InvestorsLive now you’ve just blow double the loss that you would have had
[Oct 3, 2010 8:35:40 PM EDT] InvestorsLive so now instead of giving yourself a third chance to be right and nail it..
[Oct 3, 2010 8:35:42 PM EDT] InvestorsLive you’re out of the game
[Oct 3, 2010 8:36:02 PM EDT] InvestorsLive alright I think I caught up…
[Oct 3, 2010 8:36:04 PM EDT] InvestorsLive any questions on those?
[Oct 3, 2010 8:36:06 PM EDT] king12x i see
[Oct 3, 2010 8:37:00 PM EDT] psr do you always wait for the first XXmins before trading to read the emotions of the market?
[Oct 3, 2010 8:37:15 PM EDT] InvestorsLive it depends psr – that’s why we prepare the night before
[Oct 3, 2010 8:37:24 PM EDT] InvestorsLive if it acts how you are anticipating it out of the open
[Oct 3, 2010 8:37:28 PM EDT] InvestorsLive then .. u are prepared
[Oct 3, 2010 8:37:32 PM EDT] InvestorsLive take NFLX for example
[Oct 3, 2010 8:37:39 PM EDT] InvestorsLive if I waitied for it to pan out I would have missed move
[Oct 3, 2010 8:37:39 PM EDT] winyaz How many times do you try to play a stock and get stopped out before quitting that stock for the day?
[Oct 3, 2010 8:37:47 PM EDT] InvestorsLive but my game plan the night before was short the pop at open
[Oct 3, 2010 8:37:53 PM EDT] InvestorsLive it did exactly that
[Oct 3, 2010 8:37:56 PM EDT] InvestorsLive and then fell $18/share
[Oct 3, 2010 8:37:58 PM EDT] InvestorsLive woops lol
[Oct 3, 2010 8:38:00 PM EDT] InvestorsLive captured $2
[Oct 3, 2010 8:38:04 PM EDT] InvestorsLive but the idea was there
[Oct 3, 2010 8:38:14 PM EDT] InvestorsLive if it didn’t pop and was slow steady outtta open or sold right off I wouldnt have touched it
[Oct 3, 2010 8:38:26 PM EDT] InvestorsLive (Oct 03-20:38) winyaz: How many times do you try to play a stock and get stopped out before quitting that stock for the day?
[Oct 3, 2010 8:38:36 PM EDT] InvestorsLive rarely .. I have a really high win rate b/c I usually lock some in to the first move
[Oct 3, 2010 8:38:41 PM EDT] InvestorsLive when I am right
[Oct 3, 2010 8:38:43 PM EDT] InvestorsLive for example
[Oct 3, 2010 8:38:54 PM EDT] InvestorsLive I’m in right when I anticipate the move
[Oct 3, 2010 8:38:59 PM EDT] InvestorsLive maybe double size
[Oct 3, 2010 8:39:02 PM EDT] InvestorsLive lock in 1/2 immediately
[Oct 3, 2010 8:39:04 PM EDT] InvestorsLive and ride out rest
[Oct 3, 2010 8:39:13 PM EDT] immersion IL, i hear u say ‘prepare the nite before’ alot, what exactly does this mean for us new members
[Oct 3, 2010 8:39:16 PM EDT] umair so basically u are looking for a pop on low volume rather than slow steady gainers? and when they start to fade u short them? how much do they need to fade?
[Oct 3, 2010 8:39:30 PM EDT] InvestorsLive (Oct 03-20:39) immersion: IL, i hear u say ‘prepare the nite before’ alot, what exactly does this mean for us new members
[Oct 3, 2010 8:39:35 PM EDT] InvestorsLive you need to do homework
[Oct 3, 2010 8:39:40 PM EDT] InvestorsLive if you want to be successful
[Oct 3, 2010 8:39:49 PM EDT] InvestorsLive if you just come to the market each day blind you’re not going to be ‘good’
[Oct 3, 2010 8:39:59 PM EDT] InvestorsLive you can come to the chat . find some winners. I’m sure
[Oct 3, 2010 8:40:07 PM EDT] InvestorsLive but if you ever want to become consistant and confident in a play
[Oct 3, 2010 8:40:11 PM EDT] InvestorsLive you need to review charts at night
[Oct 3, 2010 8:40:12 PM EDT] winyaz See that’s my problem intraday, I don’t yet know how to anticipate the move so I tend to be stopped out too much
[Oct 3, 2010 8:40:15 PM EDT] immersion but what does ‘homework’ exactly consist of
[Oct 3, 2010 8:40:15 PM EDT] InvestorsLive review plays.. etc
[Oct 3, 2010 8:40:23 PM EDT] InvestorsLive scans at night…
[Oct 3, 2010 8:40:25 PM EDT] InvestorsLive review plays
[Oct 3, 2010 8:40:29 PM EDT] InvestorsLive review whats moving
[Oct 3, 2010 8:40:33 PM EDT] InvestorsLive same stuff we do every night
[Oct 3, 2010 8:40:42 PM EDT] InvestorsLive chart Mud’s momentum plays… have a biased at night… same with my scans
[Oct 3, 2010 8:40:58 PM EDT] InvestorsLive (Oct 03-20:40) winyaz: See that’s my problem intraday, I don’t yet know how to anticipate the move so I tend to be stopped out too much
[Oct 3, 2010 8:41:02 PM EDT] InvestorsLive I tell folsk every day
[Oct 3, 2010 8:41:06 PM EDT] InvestorsLive this market is 9:30AM to 11AM
[Oct 3, 2010 8:41:10 PM EDT] InvestorsLive and 2PM to 4PM
[Oct 3, 2010 8:41:12 PM EDT] InvestorsLive that’s ur problem
[Oct 3, 2010 8:41:15 PM EDT] InvestorsLive intraday is not ur play
[Oct 3, 2010 8:41:16 PM EDT] liquid the nitely email scans sent out do alot of the work for you/us. you can just do your own review on top of that sent to you.
[Oct 3, 2010 8:41:21 PM EDT] InvestorsLive maybe in a month or 2 .. but intraday is dead
[Oct 3, 2010 8:41:22 PM EDT] Laura what we do at night, we do the scan
[Oct 3, 2010 8:41:27 PM EDT] Laura look at the charts
[Oct 3, 2010 8:41:27 PM EDT] InvestorsLive you will just burn comissions
[Oct 3, 2010 8:41:37 PM EDT] Laura 3-6 month daily
[Oct 3, 2010 8:41:53 PM EDT] InvestorsLive the whole thing about how we trade and become is learning the tickers and how they move and how they have moved in the past
[Oct 3, 2010 8:42:08 PM EDT] dr0832 I have a question about position sizing on sub penny type movers like KBLB . How do you calculate position sizes for these? Do you use a percentage of your account size?
[Oct 3, 2010 8:42:19 PM EDT] InvestorsLive You don’t
[Oct 3, 2010 8:42:29 PM EDT] InvestorsLive That’s up to you .. I wouldn’t suggest playing them unless you know hwat ur doin
[Oct 3, 2010 8:42:38 PM EDT] InvestorsLive I don’t have any idea what % you should use – that’s totally up to you
[Oct 3, 2010 8:42:43 PM EDT] InvestorsLive and what you feel comfotable with
[Oct 3, 2010 8:42:50 PM EDT] InvestorsLive look at how it’s trading.. look at its range…
[Oct 3, 2010 8:42:54 PM EDT] winyaz but you are entering intraday. I swing trade based on end of day data – that I know how to do. How to select an entry during the day I don’t
[Oct 3, 2010 8:42:54 PM EDT] dr0832 Well say a 25k account
[Oct 3, 2010 8:43:00 PM EDT] Laura so we are looking at those momentum watches for contiuation or fail.
[Oct 3, 2010 8:43:08 PM EDT] InvestorsLive I don’t have an answer for u dr0832
[Oct 3, 2010 8:43:09 PM EDT] InvestorsLive that’s up to u
[Oct 3, 2010 8:43:34 PM EDT] InvestorsLive I play relative to volume – I play anywhere from 100k-300k of KBLB latley but for some that’s crazy stupid for an account
[Oct 3, 2010 8:43:37 PM EDT] InvestorsLive and many play 10k
[Oct 3, 2010 8:43:48 PM EDT] umair o basically u are looking for a pop on low volume rather than slow steady gainers? and when they start to fade u short them? how much do they need to fade?
[Oct 3, 2010 8:43:48 PM EDT] InvestorsLive so it’s what your comfortable with.. and if ur asking and unsure what $$ size to play
[Oct 3, 2010 8:43:53 PM EDT] InvestorsLive I would sugges tplaying extremely small
[Oct 3, 2010 8:44:02 PM EDT] InvestorsLive until you can answer htat question on your own
[Oct 3, 2010 8:44:10 PM EDT] InvestorsLive don’t mean that in a bad way at all…
[Oct 3, 2010 8:44:15 PM EDT] InvestorsLive but in a rather serious way
[Oct 3, 2010 8:44:23 PM EDT] InvestorsLive if u are unsure how big/small you should play in them
[Oct 3, 2010 8:44:28 PM EDT] InvestorsLive you could be EXTREMELY cautious of htem
[Oct 3, 2010 8:44:30 PM EDT] InvestorsLive they are all pumpers
[Oct 3, 2010 8:44:34 PM EDT] InvestorsLive u can lose 50% easily
[Oct 3, 2010 8:44:43 PM EDT] Laura IL trades with larger acct, so he can rish a bit more
[Oct 3, 2010 8:44:51 PM EDT] liquid also depends on the float of stocks, on some you cant grab huge positions
[Oct 3, 2010 8:44:55 PM EDT] liquid imo
[Oct 3, 2010 8:45:06 PM EDT] InvestorsLive it all depends on the volume
[Oct 3, 2010 8:45:07 PM EDT] Laura But imo, if you are new, just play tiny on the otcbb pumps
[Oct 3, 2010 8:45:14 PM EDT] InvestorsLive if a stock is trading 1 million shares
[Oct 3, 2010 8:45:17 PM EDT] InvestorsLive you are not going to have 100k shares
[Oct 3, 2010 8:45:23 PM EDT] InvestorsLive that’s just silly
[Oct 3, 2010 8:45:33 PM EDT] InvestorsLive if the stock is trading 10 million then yes.. makes sense
[Oct 3, 2010 8:45:39 PM EDT] InvestorsLive again.. all is relative
[Oct 3, 2010 8:45:57 PM EDT] InvestorsLive (Oct 03-20:44) umair: o basically u are looking for a pop on low volume rather than slow steady gainers? and when they start to fade u short them? how much do they need to fade?
[Oct 3, 2010 8:46:02 PM EDT] InvestorsLive umair – that’s for over extensions
[Oct 3, 2010 8:46:05 PM EDT] InvestorsLive and low vol pops
[Oct 3, 2010 8:46:09 PM EDT] InvestorsLive for shorts that I am looking for
[Oct 3, 2010 8:46:14 PM EDT] InvestorsLive re: ur first part of the question
[Oct 3, 2010 8:46:34 PM EDT] InvestorsLive and if I am looking to short a fade.. it’d normally be a later in hte day fade and/or an over extension that may be finally cracking
[Oct 3, 2010 8:46:41 PM EDT] InvestorsLive vs. steady sideways/gearing upwards
[Oct 3, 2010 8:47:09 PM EDT] InvestorsLive (Oct 03-20:43) winyaz: but you are entering intraday. I swing trade based on end of day data – that I know how to do. How to select an entry during the day I don’t
[Oct 3, 2010 8:47:26 PM EDT] InvestorsLive winyaz – I would suggest reviewing the seminar tab in the dashboard and looking up “Gearing/Perking” seminar
[Oct 3, 2010 8:47:32 PM EDT] InvestorsLive that will answer your question as to what we look for intraday
[Oct 3, 2010 8:47:37 PM EDT] InvestorsLive on the charts
[Oct 3, 2010 8:47:50 PM EDT] king12x I read the blog from Friday and saw your trade of GMCR on the fake bounce that it had, why did you not play the real bounce later? Do you only trade the stock once and if it doesn’t go the way you want you just discard it from your list?
[Oct 3, 2010 8:48:24 PM EDT] InvestorsLive king – unsure what you’re referring to.. we had a great bounce Friday and took profits
[Oct 3, 2010 8:48:46 PM EDT] InvestorsLive and then an hour later or so it started hitting mor elows… and I think Miles/bb and a ton others PutCellar? nailed the bounce for good
[Oct 3, 2010 8:48:54 PM EDT] InvestorsLive so we had 2 great trades on it. maybe you misread?
[Oct 3, 2010 8:49:38 PM EDT] king12x Sorry, I think I did, i only time charted the 28.91 bottom tick that you bounce, great entery
[Oct 3, 2010 8:49:51 PM EDT] InvestorsLive [Oct 1, 2010 11:11:35 AM EDT] InvestorsLive 28.91 snagged some [Oct 1, 2010 11:11:48 AM EDT] InvestorsLive risky play will give to .70s
[Oct 3, 2010 8:49:54 PM EDT] InvestorsLive [Oct 1, 2010 11:20:20 AM EDT] InvestorsLive 29.19 I’ll take .. thank you veddy much [Oct 1, 2010 11:20:27 AM EDT] InvestorsLive out for about $400
[Oct 3, 2010 8:49:59 PM EDT] InvestorsLive u gotta read the whole logs – not just a line 🙂
[Oct 3, 2010 8:50:12 PM EDT] MilesJStoner that fake bounce, was short covers some scalpers, but should give you a hint that a possible real bounce or even reversal could come, GMCR that is
[Oct 3, 2010 8:50:13 PM EDT] InvestorsLive I think Miles and co nailed it later on for over a buck bounce
[Oct 3, 2010 8:51:20 PM EDT] InvestorsLive rwaters254 – ur question re: KBLB/AAPL etc I hope the stop loss stuff helped earlier but to touch on ur AAPL question and quality
[Oct 3, 2010 8:51:31 PM EDT] InvestorsLive AAPL I usually play 500 shares and my stop loss is like a buck or so
[Oct 3, 2010 8:51:33 PM EDT] MilesJStoner you could got faked out 2-3 times and lost 100, or 200 each time, and then killed the real bounce/reversal on GMCR for 1000+
[Oct 3, 2010 8:51:38 PM EDT] InvestorsLive if you have it any closer you’ll just stop out
[Oct 3, 2010 8:51:40 PM EDT] InvestorsLive even if ur right
[Oct 3, 2010 8:51:55 PM EDT] InvestorsLive NFLX as well.. I was in 500 .. then added 500 after up a buck
[Oct 3, 2010 8:52:37 PM EDT] InvestorsLive QUESTION from email
[Oct 3, 2010 8:52:38 PM EDT] InvestorsLive Sometimes you scale in and sometimes you take an entry with a stop. Can you explain the situations where you choose one vs. the other?
[Oct 3, 2010 8:52:48 PM EDT] InvestorsLive this is for stuff that has a wider trading range
[Oct 3, 2010 8:52:57 PM EDT] InvestorsLive or.. stuff that I know I wnat to be short but
[Oct 3, 2010 8:53:03 PM EDT] InvestorsLive it’s starting to weaken
[Oct 3, 2010 8:53:07 PM EDT] InvestorsLive but it still could hav a bit more
[Oct 3, 2010 8:53:28 PM EDT] InvestorsLive so it’s when my biased is one way.. I want to START in … and then let it trade around . then add once it goes in my direction
[Oct 3, 2010 8:53:43 PM EDT] InvestorsLive partial size = double stop size
[Oct 3, 2010 8:54:19 PM EDT] InvestorsLive most of other questions in email were covered with stop losses and other stuff – any further questions?
[Oct 3, 2010 8:54:29 PM EDT] Rhugh ahh, no strict stop
[Oct 3, 2010 8:54:37 PM EDT] Rhugh its depending on siz of position
[Oct 3, 2010 8:55:03 PM EDT] Rhugh ?
[Oct 3, 2010 8:55:16 PM EDT] InvestorsLive on which Rhugh?
[Oct 3, 2010 8:55:22 PM EDT] InvestorsLive are u asking about mental stops?
[Oct 3, 2010 8:55:28 PM EDT] InvestorsLive ur asking about partial vs. full size?
[Oct 3, 2010 8:55:34 PM EDT] InvestorsLive can u clraify
[Oct 3, 2010 8:55:38 PM EDT] Rhugh partial size+double stop size
[Oct 3, 2010 8:55:40 PM EDT] dr0832 partial size = double stop size: can you explain this
[Oct 3, 2010 8:55:46 PM EDT] winyaz Say a position moves your way and you take 1/2 profits. Do you trail a stop on the other 1/2? Where to?
[Oct 3, 2010 8:55:52 PM EDT] InvestorsLive well if ur in 1/2 size it’s because u need a wider stop
[Oct 3, 2010 8:56:02 PM EDT] InvestorsLive so if you’d normally have a .10 stop on something full size
[Oct 3, 2010 8:56:06 PM EDT] InvestorsLive now ur in 1/2 size and .20 stop
[Oct 3, 2010 8:56:16 PM EDT] Rhugh i see
[Oct 3, 2010 8:56:26 PM EDT] InvestorsLive less confident .. starter position.. and then add into it once your right or it breaks down and ur up some
[Oct 3, 2010 8:56:29 PM EDT] InvestorsLive u can always add into full size
[Oct 3, 2010 8:56:38 PM EDT] Rhugh i’ve been playing 1/2 positions same way as full sizes
[Oct 3, 2010 8:56:40 PM EDT] sarafun Therefore, the same “risk”.
[Oct 3, 2010 8:56:46 PM EDT] Rhugh trying to be too strict maybe
[Oct 3, 2010 8:56:59 PM EDT] InvestorsLive when I go in 1/2 like I said above.. I’m less confident
[Oct 3, 2010 8:57:04 PM EDT] InvestorsLive but know I am “right”
[Oct 3, 2010 8:57:08 PM EDT] InvestorsLive just not sure when it’ll bust
[Oct 3, 2010 8:57:26 PM EDT] InvestorsLive “right” as in most times vs. not I’ll be right
[Oct 3, 2010 8:57:27 PM EDT] dr0832 when would you add to a 1/2 size position? .10 in your favor, breaks a key level?
[Oct 3, 2010 8:57:36 PM EDT] InvestorsLive key level ya.. like FUQI
[Oct 3, 2010 8:57:43 PM EDT] InvestorsLive it was 5.75
[Oct 3, 2010 8:57:49 PM EDT] InvestorsLive trading a bit above it actually
[Oct 3, 2010 8:57:57 PM EDT] InvestorsLive in 1/2 size short at 5.75
[Oct 3, 2010 8:58:05 PM EDT] InvestorsLive and I’d be looking to add into full at 5.70 crack
[Oct 3, 2010 8:58:14 PM EDT] InvestorsLive 6.70 I mean
[Oct 3, 2010 8:58:38 PM EDT] InvestorsLive I went into full size and then it looked strong so i took like 200 profit but
[Oct 3, 2010 8:58:48 PM EDT] InvestorsLive then it dropped .60 cents
[Oct 3, 2010 8:58:51 PM EDT] InvestorsLive within an hour or 2 later
[Oct 3, 2010 8:58:56 PM EDT] InvestorsLive had I waited in 1/2 size
[Oct 3, 2010 8:59:19 PM EDT] InvestorsLive I woulda scored.. but since I added into full size.. I respected my thought that eh it could pop and wasn’t breaking down like i thought right away
[Oct 3, 2010 8:59:21 PM EDT] InvestorsLive and locked it in
[Oct 3, 2010 8:59:22 PM EDT] dr0832 what do you do about stops on these sketchy pinks and otcbb’s where you can’t get an execution sometime s for 20 – 30 secs?
[Oct 3, 2010 8:59:35 PM EDT] InvestorsLive u dont use stops on otc’s
[Oct 3, 2010 8:59:44 PM EDT] dr0832 no I mean mental stops
[Oct 3, 2010 9:00:13 PM EDT] InvestorsLive I’m not sure I don’t play OTCs wheN i put myself in that position
[Oct 3, 2010 9:00:22 PM EDT] InvestorsLive I generally play liquid stocks on the move
[Oct 3, 2010 9:00:24 PM EDT] InvestorsLive at key breaks
[Oct 3, 2010 9:00:27 PM EDT] sarafun Do you only use limit orders for OTC/BB?
[Oct 3, 2010 9:00:35 PM EDT] InvestorsLive limits always
[Oct 3, 2010 9:01:15 PM EDT] dr0832 I mean even liquid ones like a LQMT sometimes they don’t execute the order
[Oct 3, 2010 9:01:53 PM EDT] InvestorsLive LQMT I’ve never had an issue
[Oct 3, 2010 9:01:58 PM EDT] InvestorsLive I play on bid to offer
[Oct 3, 2010 9:02:01 PM EDT] InvestorsLive I’m not usually hte one chasing
[Oct 3, 2010 9:02:03 PM EDT] dr0832 what do you do if you want to get out because stop is reached and place order and they won’t execute. Do you cancel it or leave it hanging until it exectues, or change the price
[Oct 3, 2010 9:02:12 PM EDT] InvestorsLive I buy into weakness sell into strength
[Oct 3, 2010 9:02:46 PM EDT] InvestorsLive dr0832 – I suggest just sticking around a few weeks and watch the stocks we trade in OTC land
[Oct 3, 2010 9:02:51 PM EDT] InvestorsLive and the times we trad ethem
[Oct 3, 2010 9:02:53 PM EDT] InvestorsLive trade them
[Oct 3, 2010 9:03:23 PM EDT] InvestorsLive I think it’ll answer ur questions as they are not relevant to how we trade OTCs
[Oct 3, 2010 9:03:35 PM EDT] sarafun Does the NBBO rule work in OTC land?
[Oct 3, 2010 9:03:37 PM EDT] n8perry1 that happen to me on SMHS…I just couldn’t get it to fill
[Oct 3, 2010 9:03:41 PM EDT] InvestorsLive NBBO?
[Oct 3, 2010 9:03:50 PM EDT] InvestorsLive well yes.. SMHS is a different story
[Oct 3, 2010 9:03:51 PM EDT] sarafun best bid/.offer out there
[Oct 3, 2010 9:03:52 PM EDT] InvestorsLive that’s a promo tank
[Oct 3, 2010 9:04:07 PM EDT] InvestorsLive don’t understnad ur question sara
[Oct 3, 2010 9:05:27 PM EDT] sarafun first in line, at best price, up to the limit.
[Oct 3, 2010 9:05:50 PM EDT] sarafun IF first in line at the limit price, could be improved, but not worsened on price.
[Oct 3, 2010 9:06:08 PM EDT] InvestorsLive sure it works but there’s always ways around it to better the price
[Oct 3, 2010 9:06:15 PM EDT] InvestorsLive but that’s edge that people learn over time
[Oct 3, 2010 9:06:24 PM EDT] InvestorsLive ::blush
[Oct 3, 2010 9:06:29 PM EDT] sarafun You have my attention.
[Oct 3, 2010 9:07:26 PM EDT] InvestorsLive Any questions / confusions / comments / concerns / winners / losers and/or topics sent in not discussed and/or questions guys
[Oct 3, 2010 9:07:42 PM EDT] InvestorsLive great questions everyone so far tonight
[Oct 3, 2010 9:07:45 PM EDT] InvestorsLive good discussion
[Oct 3, 2010 9:07:55 PM EDT] winyaz Say a position moves your way and you take 1/2 profits. Do you trail a stop on the other 1/2? Where to?
[Oct 3, 2010 9:08:08 PM EDT] dr0832 whatdo you use for ECN’s and market makers in say a broadstreet account?
[Oct 3, 2010 9:08:12 PM EDT] InvestorsLive I usually just take the trade in this market winyaz
[Oct 3, 2010 9:08:27 PM EDT] InvestorsLive if it does the drop I think I take the gain.. u could trail it.. do u what u want . stop at entry or stop at more of a profit
[Oct 3, 2010 9:08:33 PM EDT] InvestorsLive up to u .. no rhyme or reason to it
[Oct 3, 2010 9:08:35 PM EDT] InvestorsLive just up to u greed wise
[Oct 3, 2010 9:08:42 PM EDT] InvestorsLive I like to lock in my gains into the move
[Oct 3, 2010 9:08:48 PM EDT] InvestorsLive take gans and move to next
[Oct 3, 2010 9:09:18 PM EDT] rwaters254 IL-thanks for the Class-very informative-you covered ti all
[Oct 3, 2010 9:09:23 PM EDT] InvestorsLive dr u can use any of the ECNs in Broad street acct – I don’t use it for Nasdaq so not sure
[Oct 3, 2010 9:09:29 PM EDT] InvestorsLive whatever u want… u can pick the one who pays best rebate
[Oct 3, 2010 9:09:40 PM EDT] InvestorsLive or whomever cost the less to remove liquidity
[Oct 3, 2010 9:09:42 PM EDT] InvestorsLive that’s up to u…
[Oct 3, 2010 9:09:45 PM EDT] InvestorsLive they are all liquid
[Oct 3, 2010 9:10:23 PM EDT] liquid broadstreet doesnt have the free smart route?
[Oct 3, 2010 9:10:47 PM EDT] InvestorsLive I think they are getting it back I think Penson wanted them back for clearing
[Oct 3, 2010 9:10:51 PM EDT] dr0832 no its not free. They have ATDL which is free but bootleg sometimes
[Oct 3, 2010 9:10:53 PM EDT] InvestorsLive not sure free route was something Penson offered
[Oct 3, 2010 9:11:04 PM EDT] InvestorsLive yes it is free if adding liquidiy
[Oct 3, 2010 9:11:06 PM EDT] InvestorsLive liquidity
[Oct 3, 2010 9:11:12 PM EDT] InvestorsLive if u remove .. then like I said .. it’s not
[Oct 3, 2010 9:11:16 PM EDT] InvestorsLive and u can use cheapest route
[Oct 3, 2010 9:11:18 PM EDT] InvestorsLive depends what u want
[Oct 3, 2010 9:11:27 PM EDT] InvestorsLive u can use free route and get paid adding liquidity
[Oct 3, 2010 9:11:27 PM EDT] InvestorsLive up to u
[Oct 3, 2010 9:11:45 PM EDT] umair so like you said about AUMN that the analyst is predicting 104 or somehting on that stock….how would u play that in the open. would u observe it for half an hour before jumping in? also would u play that long or short? personally i think its up too much.
[Oct 3, 2010 9:12:02 PM EDT] InvestorsLive it’s already been traded on umair
[Oct 3, 2010 9:12:06 PM EDT] InvestorsLive that’s not new info
[Oct 3, 2010 9:12:10 PM EDT] InvestorsLive I would play how I stated on scan
[Oct 3, 2010 9:12:36 PM EDT] InvestorsLive Golden Minerals Company (AUMN) some analyst gave this thing a $104 or something price target lol.. that was Friday .. well if it get’s 1/2 way there it’d be a near triple but likelihood of that happening is slim to none. I’d look for morning strength to short into if it pops on low volume much like we always discuss. I would not suggest just randomly shorting into slow/steady grind up as it could very well squeeze you. Keep in mind this has come up from $8 .. consolidated at $14 … consolidated again near $15 .. and may want to consolidate again around $19-20 range. I think there will be one good short back sub $20 and then it’ll consolidate and head off my radar.
[Oct 3, 2010 9:12:48 PM EDT] umair when u say its already been traded that means that the analyst predicted it and market has responded to it already?
[Oct 3, 2010 9:12:48 PM EDT] InvestorsLive “I’d look for morning strength to short into if it pops on low volume much like we always discuss.”
[Oct 3, 2010 9:13:00 PM EDT] InvestorsLive that upgrade was on Friday
[Oct 3, 2010 9:13:01 PM EDT] InvestorsLive yes
[Oct 3, 2010 9:13:08 PM EDT] InvestorsLive we were joking about it in chat all Friday
[Oct 3, 2010 9:13:19 PM EDT] umair so if it were any true it would have reached that level lol
[Oct 3, 2010 9:13:23 PM EDT] umair already
[Oct 3, 2010 9:13:27 PM EDT] InvestorsLive true?
[Oct 3, 2010 9:13:31 PM EDT] InvestorsLive it’s an analyst upgrade
[Oct 3, 2010 9:13:34 PM EDT] InvestorsLive with price target
[Oct 3, 2010 9:13:58 PM EDT] umair got ya
[Oct 3, 2010 9:14:34 PM EDT] liquid great seminar, thanks IL…. goodnight all.
[Oct 3, 2010 9:14:51 PM EDT] InvestorsLive have a good one liquid
[Oct 3, 2010 9:14:51 PM EDT] psr this time always goes by so fast…really appreciate your thoughts that you should always leave money on the table…or else end up red.
[Oct 3, 2010 9:15:10 PM EDT] PutCellar sorta like RMBS thats had a $70 price target for the last 5 years
[Oct 3, 2010 9:16:39 PM EDT] InvestorsLive 🙂 psr … better to just lock in many itmes
[Oct 3, 2010 9:16:44 PM EDT] InvestorsLive especially those in account building mode
[Oct 3, 2010 9:16:49 PM EDT] InvestorsLive each successful trade is one step closer
[Oct 3, 2010 9:17:07 PM EDT] umair true
[Oct 3, 2010 9:17:10 PM EDT] psr ::up
[Oct 3, 2010 9:18:10 PM EDT] InvestorsLive so like I said guys tomorrow should have the new back end in
[Oct 3, 2010 9:18:12 PM EDT] winyaz Thanks so much for taking the time to answer questions
[Oct 3, 2010 9:18:14 PM EDT] InvestorsLive we are using sumaplugin
[Oct 3, 2010 9:18:15 PM EDT] InvestorsLive I think
[Oct 3, 2010 9:18:20 PM EDT] InvestorsLive sumaplugin.com
[Oct 3, 2010 9:18:23 PM EDT] umair i just started so i am gona go through the whole seminars u guys have saved i think that will give me a better understanging
[Oct 3, 2010 9:18:23 PM EDT] InvestorsLive so far seems great
[Oct 3, 2010 9:18:53 PM EDT] InvestorsLive what I want to do for next seminar guys – brought it up before but I’d love to outline like 10 chapters
[Oct 3, 2010 9:18:55 PM EDT] InvestorsLive of stuff u want to learn
[Oct 3, 2010 9:19:01 PM EDT] InvestorsLive stuff u want prepared
[Oct 3, 2010 9:19:07 PM EDT] InvestorsLive and we can almost make a 10 week course out of it
[Oct 3, 2010 9:19:11 PM EDT] InvestorsLive I think that’d help a lot of people
[Oct 3, 2010 9:19:14 PM EDT] InvestorsLive what do u guys think?
[Oct 3, 2010 9:19:20 PM EDT] marketmaker1177 yes
[Oct 3, 2010 9:19:21 PM EDT] InvestorsLive brainstorm 10 “chapters”
[Oct 3, 2010 9:19:29 PM EDT] InvestorsLive and each week cover 1 of the 10 topics
[Oct 3, 2010 9:19:38 PM EDT] Rhugh sounds good
[Oct 3, 2010 9:19:39 PM EDT] farmer sounds great
[Oct 3, 2010 9:19:49 PM EDT] dr0832 do you have weekly seminars?
[Oct 3, 2010 9:20:05 PM EDT] InvestorsLive bi-monthly
[Oct 3, 2010 9:20:09 PM EDT] sarafun Mid-week?
[Oct 3, 2010 9:20:17 PM EDT] InvestorsLive every other Sunday
[Oct 3, 2010 9:20:17 PM EDT] sarafun ok
[Oct 3, 2010 9:20:20 PM EDT] InvestorsLive we’re always around tho
[Oct 3, 2010 9:20:25 PM EDT] psr would you then change the frequency to weekly or still bi-monthly for those 10 seminars?
[Oct 3, 2010 9:20:33 PM EDT] InvestorsLive I eat stocks for breakfast lunch and dinner
[Oct 3, 2010 9:20:43 PM EDT] MilesJStoner yeah!
[Oct 3, 2010 9:20:46 PM EDT] InvestorsLive not sure psr
[Oct 3, 2010 9:20:49 PM EDT] psr nm. bi-monthly
[Oct 3, 2010 9:20:53 PM EDT] psr oh ok
[Oct 3, 2010 9:20:57 PM EDT] psr will wait to see.
[Oct 3, 2010 9:20:58 PM EDT] sarafun Just make sure they don’t eat you!
[Oct 3, 2010 9:21:06 PM EDT] stockmike Nate, when can we have video watchlist/seminars?
[Oct 3, 2010 9:21:23 PM EDT] InvestorsLive When can you? I don’t know if we ever will
[Oct 3, 2010 9:21:39 PM EDT] InvestorsLive I may do some sort of video recaps at some point and see response and feedback etc
[Oct 3, 2010 9:21:41 PM EDT] Laura how are video watchlists better?
[Oct 3, 2010 9:21:55 PM EDT] Laura I mean I don’t get the whole video thing
[Oct 3, 2010 9:21:59 PM EDT] MilesJStoner you can watch videos
[Oct 3, 2010 9:22:07 PM EDT] Derffie easier to visualize the stock movement
[Oct 3, 2010 9:22:08 PM EDT] MilesJStoner lol
[Oct 3, 2010 9:22:19 PM EDT] sarafun Illustrations of points. A thousand words is worth one picture, you know….
[Oct 3, 2010 9:22:23 PM EDT] Derffie volume etc
[Oct 3, 2010 9:22:41 PM EDT] Laura https://i52.tinypic.com/v7tw5.jpg here is my new invention for you and bmon!
[Oct 3, 2010 9:22:58 PM EDT] stockmike we are more and more reading the text whole day. some sort of videos in lessons/setup would help
[Oct 3, 2010 9:23:13 PM EDT] PutCellar haha
[Oct 3, 2010 9:23:27 PM EDT] MilesJStoner both would help, lecture, notes, read, memorize, etc
[Oct 3, 2010 9:23:40 PM EDT] dr0832 Too late Laura. I patented that last week when I missed KBLB 50% drop
[Oct 3, 2010 9:23:47 PM EDT] Laura it’s called the DerfBmon Trading Station(TM)
[Oct 3, 2010 9:23:53 PM EDT] PutCellar WebEx!!
[Oct 3, 2010 9:23:55 PM EDT] Laura no you didn’t dr
[Oct 3, 2010 9:23:55 PM EDT] Derffie ewww
[Oct 3, 2010 9:24:04 PM EDT] InvestorsLive sarafun and others if u review the seminars
[Oct 3, 2010 9:24:07 PM EDT] InvestorsLive and do Ctrl + F
[Oct 3, 2010 9:24:08 PM EDT] InvestorsLive tinypic
[Oct 3, 2010 9:24:10 PM EDT] InvestorsLive or imageshack
[Oct 3, 2010 9:24:15 PM EDT] InvestorsLive there are many images/pictures
[Oct 3, 2010 9:24:17 PM EDT] InvestorsLive to go along with the seminars
[Oct 3, 2010 9:24:31 PM EDT] Laura yes, IL posts many charts
[Oct 3, 2010 9:25:05 PM EDT] InvestorsLive and yes.. when IL Alerts Premium Gold Members is launched.. you can buy video watchlist for $199/month 🙂
[Oct 3, 2010 9:25:08 PM EDT] InvestorsLive jk I’ll never do that
[Oct 3, 2010 9:25:25 PM EDT] Rhugh thank god
[Oct 3, 2010 9:25:28 PM EDT] MilesJStoner Remember not every alert is best for your trading strategy, you get an alert, you do your due dilligence and then you make the decision to invest in it, if it doesnt work out pretty quickly, then cut your losses and move to the next one that makes sense for you
[Oct 3, 2010 9:25:45 PM EDT] MilesJStoner for you
[Oct 3, 2010 9:25:45 PM EDT] InvestorsLive and on Miles note
[Oct 3, 2010 9:25:53 PM EDT] InvestorsLive that due dillgence
[Oct 3, 2010 9:25:56 PM EDT] InvestorsLive can be cut down
[Oct 3, 2010 9:25:57 PM EDT] InvestorsLive 10 fold
[Oct 3, 2010 9:26:01 PM EDT] InvestorsLive if u do homework at night
[Oct 3, 2010 9:26:05 PM EDT] Derffie Investors Underground – the movie
[Oct 3, 2010 9:26:19 PM EDT] MilesJStoner and by checking www.boomwin.blogspot.com
[Oct 3, 2010 9:26:20 PM EDT] MilesJStoner spammer
[Oct 3, 2010 9:26:23 PM EDT] MilesJStoner lol
[Oct 3, 2010 9:26:35 PM EDT] InvestorsLive haha
[Oct 3, 2010 9:26:41 PM EDT] InvestorsLive yes Derf lol
[Oct 3, 2010 9:26:44 PM EDT] Derffie after that alert alert earlier this week you can spam all you want…
[Oct 3, 2010 9:26:50 PM EDT] InvestorsLive The Traders Network (the movie)
[Oct 3, 2010 9:27:13 PM EDT] Derffie good one
[Oct 3, 2010 9:28:27 PM EDT] Ironman premium alerts gold!!!!
[Oct 3, 2010 9:28:29 PM EDT] dr0832 thanks IL
[Oct 3, 2010 9:28:31 PM EDT] Ironman woweeeeeeeeeeeee
[Oct 3, 2010 9:29:27 PM EDT] Ironman how about auto trading where our accounts automtically trade with u ……lol
[Oct 3, 2010 9:30:08 PM EDT] immersion yes!
[Oct 3, 2010 9:32:10 PM EDT] InvestorsLive have a good night all
[Oct 3, 2010 9:32:14 PM EDT] InvestorsLive great questions
[Oct 3, 2010 9:32:31 PM EDT] InvestorsLive as always feel free to PM if u have a question during day .. either Me, L or Muddy
[Oct 3, 2010 9:32:38 PM EDT] InvestorsLive but main thing to take away from tonight
[Oct 3, 2010 9:32:48 PM EDT] InvestorsLive is u guys know what size loss u can take
[Oct 3, 2010 9:32:51 PM EDT] InvestorsLive that ur comfortable with
[Oct 3, 2010 9:32:54 PM EDT] InvestorsLive stick to it…
[Oct 3, 2010 9:33:00 PM EDT] InvestorsLive u can always come back from a smaller loser
[Oct 3, 2010 9:33:06 PM EDT] InvestorsLive u let it get away from u…
[Oct 3, 2010 9:33:13 PM EDT] InvestorsLive ur going to join the other 90% of traders who fail
[Oct 3, 2010 9:33:35 PM EDT] Laura (Oct 03-21:25) MilesJStoner: Remember not every alert is best for your trading strategy, you get an alert, you do your due dilligence and then you make the decision to invest in it, if it doesnt work out pretty quickly, then cut your losses and move to the next one that makes sense for you
[Oct 3, 2010 9:33:43 PM EDT] Laura I like what Miles said
[Oct 3, 2010 9:33:53 PM EDT] InvestorsLive only thing I would change
[Oct 3, 2010 9:33:54 PM EDT] InvestorsLive is invest
[Oct 3, 2010 9:33:56 PM EDT] InvestorsLive to “invest”
[Oct 3, 2010 9:33:59 PM EDT] InvestorsLive that’s it ha
[Oct 3, 2010 9:34:02 PM EDT] Laura you have to do your own DD and see if the trade works for you
[Oct 3, 2010 9:34:18 PM EDT] Laura lol, true
[Oct 3, 2010 9:34:21 PM EDT] InvestorsLive and for the new folks joining – we are more of a tool
[Oct 3, 2010 9:34:25 PM EDT] InvestorsLive we are not here to tell u to buy or sell…
[Oct 3, 2010 9:34:35 PM EDT] InvestorsLive liquid stocks I have no issue stating entry exits lock ins etc
[Oct 3, 2010 9:34:55 PM EDT] InvestorsLive but stuff like u know who.. where vol spikes from 500k to 2m shares
[Oct 3, 2010 9:34:59 PM EDT] InvestorsLive after an alert
[Oct 3, 2010 9:35:03 PM EDT] InvestorsLive I’m not cool with
[Oct 3, 2010 9:35:06 PM EDT] Laura and PM other members
[Oct 3, 2010 9:35:10 PM EDT] Laura Miles and I PM
[Oct 3, 2010 9:35:18 PM EDT] Laura Matthias and I PM
[Oct 3, 2010 9:35:19 PM EDT] InvestorsLive I PM Miles
[Oct 3, 2010 9:35:23 PM EDT] Laura etc etc
[Oct 3, 2010 9:35:28 PM EDT] InvestorsLive domino and I PM…
[Oct 3, 2010 9:35:38 PM EDT] Laura get their input on the trade
[Oct 3, 2010 9:36:22 PM EDT] InvestorsLive see ya’ll tomorrow
[Oct 3, 2010 9:36:32 PM EDT] Laura night here too!
[Oct 3, 2010 9:44:29 PM EDT] king12x good night all… this was indeed a very educational experience
[Oct 3, 2010 9:44:54 PM EDT] bmon goodnight king times 12
[Oct 3, 2010 9:45:08 PM EDT] king12x btw, before, I go does anyone know the name of any good move… in the line Wallstreet 2
[Oct 3, 2010 9:45:24 PM EDT] king12x in the line of* Wallstreet 2
[Oct 3, 2010 9:45:31 PM EDT] bmon i like boiler room and the original wall street
[Oct 3, 2010 9:45:44 PM EDT] king12x its movie night tonight here without any movies
[Oct 3, 2010 9:45:56 PM EDT] king12x ::sad
[Oct 3, 2010 9:46:35 PM EDT] tyguy351 in the line of?
[Oct 3, 2010 9:46:35 PM EDT] grapz can you post up the seminar chat log
[Oct 3, 2010 9:46:50 PM EDT] tyguy351 like that type?
[Oct 3, 2010 9:47:20 PM EDT] king12x in the same theme as of movies like Wallstreet moive
[Oct 3, 2010 9:47:22 PM EDT] tyguy351 boiler room is great
[Oct 3, 2010 9:47:29 PM EDT] tyguy351 if you havent seen that
[Oct 3, 2010 9:47:35 PM EDT] king12x nope havent
[Oct 3, 2010 9:47:52 PM EDT] king12x only seen wallstreet 1& 2
[Oct 3, 2010 9:47:58 PM EDT] tyguy351 check that movie out
[Oct 3, 2010 9:48:04 PM EDT] tyguy351 its pretty good
[Oct 3, 2010 9:48:48 PM EDT] king12x awesome…. I guess I got to jet it to bluckbuster before it close
[Oct 3, 2010 9:48:57 PM EDT] king12x I heard the 25th Hour was good
[Oct 3, 2010 9:52:01 PM EDT] tyguy351 never even saw the ads for that
[Oct 3, 2010 9:53:22 PM EDT] bmon ive seen the ad not the movie
[Oct 3, 2010 9:53:46 PM EDT] bmon http://www.youtube.com/watch?v=irYInw9B9BQ&p=8E6606CBB132F9B8&playnext=1&index=18
[Oct 3, 2010 9:54:55 PM EDT] MilesJStoner yeah
[Oct 3, 2010 9:55:17 PM EDT] MilesJStoner when you wna make money, money makes you wana
[Oct 3, 2010 9:57:08 PM EDT] tyguy351 who own today redskins or eagles
[Oct 3, 2010 9:57:14 PM EDT] tyguy351 Dom i know u konw this where are u
[Oct 3, 2010 9:57:43 PM EDT] Ironman 25th hour greta movie
[Oct 3, 2010 9:57:46 PM EDT] Ironman great
[Oct 3, 2010 9:58:42 PM EDT] tyguy351 yea i just watched that trailer im guna hav eot check that out
[Oct 3, 2010 9:58:57 PM EDT] king12x nice add
[Oct 3, 2010 9:59:07 PM EDT] tyguy351 after watching The Town i was ready to quite trading and start robing banks
[Oct 3, 2010 9:59:16 PM EDT] tyguy351 that movie was so sick
[Oct 3, 2010 10:04:15 PM EDT] bmon lol yeah i cant wait to see the town looks great
[Oct 3, 2010 10:13:54 PM EDT] tyguy351 its so sick
[Oct 3, 2010 10:22:23 PM EDT] InvestorsLive http://www.InvestorsLive.com/2010/10/03/couple-on-watch-for-the-4th-of-october/comment-page-1/#comment-6230
[Oct 3, 2010 10:22:28 PM EDT] InvestorsLive that should take care of him for a lil while
[Oct 3, 2010 10:23:03 PM EDT] InvestorsLive guy has left like 10 post on my blog
[Oct 3, 2010 10:23:06 PM EDT] InvestorsLive “how can u make this off that”
[Oct 3, 2010 10:23:10 PM EDT] InvestorsLive “how can this be true”
[Oct 3, 2010 10:23:11 PM EDT] InvestorsLive lol
[Oct 3, 2010 10:23:12 PM EDT] InvestorsLive so annoying
[Oct 3, 2010 10:25:11 PM EDT] Ironman lmao
[Oct 3, 2010 10:28:15 PM EDT] tyguy351 best dam guna pay u if u pick the stock hes pumping
[Oct 3, 2010 10:28:25 PM EDT] tyguy351 hes newest in tues
[Oct 3, 2010 10:28:29 PM EDT] tyguy351 is*
[Oct 3, 2010 10:28:41 PM EDT] tyguy351 one guess, 300$ if u guess right
[Oct 3, 2010 10:28:42 PM EDT] tyguy351 lol
[Oct 3, 2010 10:28:49 PM EDT] InvestorsLive lol
[Oct 3, 2010 10:28:54 PM EDT] InvestorsLive hes sending to diff list
[Oct 3, 2010 10:28:57 PM EDT] InvestorsLive they have one tomorrow
[Oct 3, 2010 10:28:57 PM EDT] InvestorsLive haha
[Oct 3, 2010 10:29:10 PM EDT] InvestorsLive oh
[Oct 3, 2010 10:29:11 PM EDT] InvestorsLive yea
[Oct 3, 2010 10:29:11 PM EDT] InvestorsLive We will be releasing our new alert on Tuesday 10/5/10 @ 9:35am EST right after the opening bell.
[Oct 3, 2010 10:29:21 PM EDT] tyguy351 yea
[Oct 3, 2010 10:29:28 PM EDT] tyguy351 lol u get that too?
[Oct 3, 2010 10:29:43 PM EDT] InvestorsLive i wont tell him
[Oct 3, 2010 10:29:45 PM EDT] InvestorsLive cuz they will cancel
[Oct 3, 2010 10:29:48 PM EDT] tyguy351 your on iphone time aka 5 mins behind Bberry time
[Oct 3, 2010 10:29:48 PM EDT] InvestorsLive maybe i will
[Oct 3, 2010 10:30:04 PM EDT] Ironman lol
[Oct 3, 2010 10:30:45 PM EDT] InvestorsLive I guessed WKLI
[Oct 3, 2010 10:30:54 PM EDT] InvestorsLive they prob want to see if leak is out there
[Oct 3, 2010 10:30:54 PM EDT] InvestorsLive lol
[Oct 3, 2010 10:31:01 PM EDT] Ironman that dude on ur blog a nut
[Oct 3, 2010 10:31:03 PM EDT] Ironman hahahah
[Oct 3, 2010 10:31:13 PM EDT] Ironman maybe he bought ur sells
[Oct 3, 2010 10:31:16 PM EDT] Ironman and hes mad
[Oct 3, 2010 10:31:19 PM EDT] InvestorsLive maybe
[Oct 3, 2010 10:31:19 PM EDT] InvestorsLive haha
[Oct 3, 2010 10:31:21 PM EDT] InvestorsLive bbl guys
[Oct 3, 2010 10:31:29 PM EDT] Ironman later
[Oct 3, 2010 10:55:33 PM EDT] bmon http://fastfoodtofastmoney.com/2010/10/03/bmon-pizza/
[Oct 3, 2010 10:55:34 PM EDT] bmon im famous!
[Oct 3, 2010 10:59:32 PM EDT] Rhugh IL- chat log from tonight?
[Oct 3, 2010 11:05:27 PM EDT] bmon nice strip!!!!
[Oct 3, 2010 11:14:00 PM EDT] Nate Will have chat log posted in AM
[Oct 3, 2010 11:14:18 PM EDT] Nate Bmon who made that for you haha
[Oct 3, 2010 11:15:44 PM EDT] bmon dwarf
[Oct 3, 2010 11:15:50 PM EDT] bmon hes the man!
[Oct 3, 2010 11:15:59 PM EDT] bmon we will ship to all 48 states!
[Oct 3, 2010 11:22:43 PM EDT] Nate Lol
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