[Jul 11, 2010 8:01:32 PM EDT] InvestorsLive alright so .. got a big THREE questions…
[Jul 11, 2010 8:01:36 PM EDT] InvestorsLive wanted to discuss a few things
[Jul 11, 2010 8:01:38 PM EDT] InvestorsLive and then open it up
[Jul 11, 2010 8:02:38 PM EDT] InvestorsLive I was going to talk about STEC first
[Jul 11, 2010 8:03:07 PM EDT] InvestorsLive http://img691.imageshack.us/img691/4281/stec.png
[Jul 11, 2010 8:03:19 PM EDT] InvestorsLive There was a few that let that get away from them on Friday
[Jul 11, 2010 8:03:34 PM EDT] InvestorsLive which is a good lesson – because there are the kind that usually turn into bigger losses
[Jul 11, 2010 8:03:42 PM EDT] InvestorsLive not the ones that go up quick… then come back
[Jul 11, 2010 8:03:48 PM EDT] InvestorsLive it’s the slow and steady grinders
[Jul 11, 2010 8:03:55 PM EDT] InvestorsLive they keep giving you that false sense of hope
[Jul 11, 2010 8:04:06 PM EDT] InvestorsLive you become comfortable in the short and then bang… it takes out a new high of day
[Jul 11, 2010 8:04:29 PM EDT] InvestorsLive one was my buddy tyguy – that I’ve helped learn… trades a lot with me but still has a tough time taking a loss when he should
[Jul 11, 2010 8:04:41 PM EDT] InvestorsLive the other was one that I was PMing with telling them to leave it alone…
[Jul 11, 2010 8:04:45 PM EDT] InvestorsLive let it trade out.. let it break down
[Jul 11, 2010 8:05:14 PM EDT] InvestorsLive the only time I short into something near HODs is if it’s on some big type of spike.. for example something slowly grinding up like this and then just pops 20 cents
[Jul 11, 2010 8:05:22 PM EDT] InvestorsLive or like IDT 2 weeks ago
[Jul 11, 2010 8:05:25 PM EDT] InvestorsLive when we nailed the short out of open
[Jul 11, 2010 8:05:54 PM EDT] InvestorsLive it opens up … $14.75 prior close
[Jul 11, 2010 8:06:03 PM EDT] InvestorsLive then runs up to $15.59 on the first 1 min chart
[Jul 11, 2010 8:06:13 PM EDT] InvestorsLive that’s something I am comfortable shorting into
[Jul 11, 2010 8:06:20 PM EDT] InvestorsLive but something like STEC
[Jul 11, 2010 8:06:28 PM EDT] InvestorsLive you NEED to take a loss if it breaks HODs and gets away from you
[Jul 11, 2010 8:06:32 PM EDT] InvestorsLive ends up biting you in the azz
[Jul 11, 2010 8:06:45 PM EDT] paynito what about CPRX for long tomorrow?
[Jul 11, 2010 8:06:59 PM EDT] InvestorsLive paynito were in the middle of a seminar
[Jul 11, 2010 8:07:12 PM EDT] cpaul lol
[Jul 11, 2010 8:07:19 PM EDT] InvestorsLive so that’s the important lesson on STEC
[Jul 11, 2010 8:07:24 PM EDT] InvestorsLive if you’re going to short stuff like that
[Jul 11, 2010 8:07:37 PM EDT] InvestorsLive and you’re not willing to be wrong … don’t trade it… but
[Jul 11, 2010 8:07:44 PM EDT] InvestorsLive the best way to train yourself is to let it break down
[Jul 11, 2010 8:07:47 PM EDT] InvestorsLive let it break down off the HODs
[Jul 11, 2010 8:07:52 PM EDT] InvestorsLive so that you have a stop in ur head
[Jul 11, 2010 8:07:55 PM EDT] InvestorsLive of where you need to stop out
[Jul 11, 2010 8:08:14 PM EDT] InvestorsLive if it breaks off HODs… and it looks weak .. and its .10-.15 off HODs … then you know either hard stop or mental
[Jul 11, 2010 8:08:20 PM EDT] InvestorsLive that HOD .. or right around it should be ur stop
[Jul 11, 2010 8:08:30 PM EDT] InvestorsLive its very easy in this market to let trades get away from you
[Jul 11, 2010 8:08:43 PM EDT] InvestorsLive the second part about it .. is to look at the size your in
[Jul 11, 2010 8:08:48 PM EDT] InvestorsLive what was your original game plan
[Jul 11, 2010 8:08:56 PM EDT] InvestorsLive if your plan was to scalp it.. you need to scalp it
[Jul 11, 2010 8:09:06 PM EDT] InvestorsLive if your plan was to play a bit smaller – user a wider range… then stick to it
[Jul 11, 2010 8:09:34 PM EDT] InvestorsLive SKH the first day – that was my game plan to just scalp (the trade ended up profitable) but I broke a rule on Wednesday.. I think was the tank day
[Jul 11, 2010 8:09:56 PM EDT] InvestorsLive and kept in it.. I think 1/2 the reason was b/c I wasn’t in too big… but
[Jul 11, 2010 8:10:01 PM EDT] InvestorsLive if you tie the 2 together
[Jul 11, 2010 8:10:06 PM EDT] InvestorsLive it’s about letting them trade out
[Jul 11, 2010 8:10:19 PM EDT] InvestorsLive let STEC find a top … let it trade off it.. if it holds support leave it alone
[Jul 11, 2010 8:10:33 PM EDT] InvestorsLive much like I said about SKH … let it trade out.. I was in small but letting it trade out.. let it prove that it foudn a bottom
[Jul 11, 2010 8:10:43 PM EDT] InvestorsLive otherwise you’re just guessing.. and going to rack up the losses
[Jul 11, 2010 8:11:09 PM EDT] InvestorsLive any questions on those 2 things
[Jul 11, 2010 8:11:17 PM EDT] InvestorsLive that’s more of an informational… get with it
[Jul 11, 2010 8:11:21 PM EDT] InvestorsLive vs. a question
[Jul 11, 2010 8:11:31 PM EDT] barrisvino I have a question
[Jul 11, 2010 8:11:43 PM EDT] InvestorsLive we do make mistakes but .. STEC is a prime example of that slow grinder that people feel comfortable all day in
[Jul 11, 2010 8:11:49 PM EDT] InvestorsLive sure
[Jul 11, 2010 8:12:09 PM EDT] barrisvino Do we wait for it to play out as in time? If it is leveled off for a few minutes, hours? What do we look for?
[Jul 11, 2010 8:12:21 PM EDT] InvestorsLive right as in time…
[Jul 11, 2010 8:12:27 PM EDT] InvestorsLive let it trade out … stop staring at it every minute
[Jul 11, 2010 8:12:34 PM EDT] InvestorsLive I got a ton of PMs from a member… thoughts here…
[Jul 11, 2010 8:12:36 PM EDT] InvestorsLive thoughts here…
[Jul 11, 2010 8:12:39 PM EDT] InvestorsLive what do u think a short here?
[Jul 11, 2010 8:12:47 PM EDT] barrisvino Ok. Got it.
[Jul 11, 2010 8:12:47 PM EDT] InvestorsLive and really.. nothing had changed with it
[Jul 11, 2010 8:12:49 PM EDT] InvestorsLive only .10 cents or so
[Jul 11, 2010 8:12:58 PM EDT] InvestorsLive so I told the trader to LET IT TRADE OUT… there is no edge…
[Jul 11, 2010 8:13:17 PM EDT] InvestorsLive that’s the best way… because if you find yourself going back and back and back again to the same stock
[Jul 11, 2010 8:13:23 PM EDT] InvestorsLive you’re trying to force a trade that ISN’T there
[Jul 11, 2010 8:13:36 PM EDT] InvestorsLive a lot of times you’ll see it in a channel
[Jul 11, 2010 8:13:46 PM EDT] InvestorsLive http://img691.imageshack.us/img691/4281/stec.png
[Jul 11, 2010 8:13:49 PM EDT] InvestorsLive the STEC image again
[Jul 11, 2010 8:13:58 PM EDT] InvestorsLive let it break down … it bottom out 14.30s 3 x
[Jul 11, 2010 8:13:58 PM EDT] barrisvino When looking at a stock we should always be looking at a daily chart correct? Not at the LEVEL II action?
[Jul 11, 2010 8:14:00 PM EDT] InvestorsLive never broke under it
[Jul 11, 2010 8:14:12 PM EDT] InvestorsLive everyone has a different comfort zone with charts
[Jul 11, 2010 8:14:16 PM EDT] InvestorsLive personally I look at 1 min charts
[Jul 11, 2010 8:14:19 PM EDT] InvestorsLive because I am interested in the move
[Jul 11, 2010 8:14:22 PM EDT] InvestorsLive I don’t like to be in a trade very long
[Jul 11, 2010 8:14:32 PM EDT] InvestorsLive I like instant gratification
[Jul 11, 2010 8:14:46 PM EDT] InvestorsLive but .. whatever the case .. you should trade off the same time period every time
[Jul 11, 2010 8:15:15 PM EDT] InvestorsLive you can use multiple time frames
[Jul 11, 2010 8:15:25 PM EDT] InvestorsLive some use 1 min / 5 min .. some use 5 / 15
[Jul 11, 2010 8:15:33 PM EDT] InvestorsLive I use daily chart and 1 min intraday chart
[Jul 11, 2010 8:15:43 PM EDT] InvestorsLive vin – did u have a question?
[Jul 11, 2010 8:15:48 PM EDT] InvestorsLive related
[Jul 11, 2010 8:15:52 PM EDT] vin4356 IL, do u look at different indicators, like SMA, %D, %K ?
[Jul 11, 2010 8:15:56 PM EDT] InvestorsLive no
[Jul 11, 2010 8:16:05 PM EDT] InvestorsLive 1 minute chart – intraday w/ volume
[Jul 11, 2010 8:16:14 PM EDT] InvestorsLive http://img691.imageshack.us/img691/4281/stec.png
[Jul 11, 2010 8:16:19 PM EDT] InvestorsLive that’s my chart… sometimes zoomed in a bit more
[Jul 11, 2010 8:16:28 PM EDT] InvestorsLive like 12:00PM on .. etc
[Jul 11, 2010 8:16:33 PM EDT] InvestorsLive but I’ll scroll in and out
[Jul 11, 2010 8:16:51 PM EDT] Spxlw8 what is the dashed line at 14.10?
[Jul 11, 2010 8:17:06 PM EDT] InvestorsLive prior close
[Jul 11, 2010 8:17:24 PM EDT] InvestorsLive that’s where I watch for red/green action
[Jul 11, 2010 8:17:27 PM EDT] InvestorsLive like DCTH
[Jul 11, 2010 8:18:07 PM EDT] InvestorsLive QUESTION: I know you’re going over SKH tonight…I am extremely curious why you shorted at 2.68 (if I remember right)…I held long since 1.87 and watched this thing pop from the depth of 1.50. Yet you shorted at 2.68. My question is why…what tipped you off when this thing had gone on multiple runs, popping 20 cents in 3 minutes at times… Volume? Price action?
[Jul 11, 2010 8:19:06 PM EDT] InvestorsLive [Jul 9, 2010 11:14:55 AM EDT] InvestorsLive maybe [Jul 9, 2010 11:14:59 AM EDT] InvestorsLive going to take some short up here tho small [Jul 9, 2010 11:15:02 AM EDT] Grimace SKH slightly contrary to mrkt [Jul 9, 2010 11:15:25 AM EDT] InvestorsLive SKH has nothing to do w/ mkt tho [Jul 9, 2010 11:16:13 AM EDT] InvestorsLive filled a few 2.68 [Jul 9, 2010 11:16:16 AM EDT] InvestorsLive on s/s
[Jul 11, 2010 8:19:20 PM EDT] InvestorsLive [Jul 9, 2010 11:21:53 AM EDT] InvestorsLive filled more SKH 2.68 [Jul 9, 2010 11:22:04 AM EDT] InvestorsLive fairly risky but not playing crazy size – and have a nice padding from the other plays today [Jul 9, 2010 11:22:12 AM EDT] InvestorsLive risking a lil bit into the strength [Jul 9, 2010 11:22:19 AM EDT] InvestorsLive normally I’d suggest waiting for fade and 2.50s to test.. then fail again
[Jul 11, 2010 8:19:44 PM EDT] InvestorsLive The main reason I shorted – and I stated it was riskier was because it was a crazy strong and just a mid day squeeze – that was my thought
[Jul 11, 2010 8:20:02 PM EDT] InvestorsLive and as you know .. NANO and DCTH and ALAN etc …
[Jul 11, 2010 8:20:06 PM EDT] InvestorsLive had a superbbbb morning
[Jul 11, 2010 8:20:19 PM EDT] InvestorsLive so I wanted to take on a bit of risk mid day and did just htat
[Jul 11, 2010 8:20:27 PM EDT] InvestorsLive but SKH .. had a bit suit or whatever – I don’t even read the news
[Jul 11, 2010 8:20:30 PM EDT] InvestorsLive but fact is it was down for a reason
[Jul 11, 2010 8:20:45 PM EDT] InvestorsLive now – dead cat bounce… 3rd day bounce off bottom
[Jul 11, 2010 8:20:57 PM EDT] InvestorsLive so I wasn’t going to short into weakness as some wanted to
[Jul 11, 2010 8:21:10 PM EDT] InvestorsLive far to risky since it had come from 6.50 to 1.50
[Jul 11, 2010 8:21:16 PM EDT] barrisvino Did that big jump at around 11:00 play a roll in your decision to short it?
[Jul 11, 2010 8:21:16 PM EDT] InvestorsLive bounces to $2 .. it’s far to risky to short at 2
[Jul 11, 2010 8:21:22 PM EDT] InvestorsLive no
[Jul 11, 2010 8:21:33 PM EDT] InvestorsLive some were asking me if it was a short there tho
[Jul 11, 2010 8:21:45 PM EDT] InvestorsLive and I said let it trade out.. only way I’d do that is mid day fade
[Jul 11, 2010 8:22:04 PM EDT] InvestorsLive but it was middle of the day – strong sucker and then it re-tested highs… and 2.70s was met with a TON of volume
[Jul 11, 2010 8:22:07 PM EDT] InvestorsLive but little movement
[Jul 11, 2010 8:22:12 PM EDT] InvestorsLive that’s one of the things I look for
[Jul 11, 2010 8:22:25 PM EDT] InvestorsLive on the way down .. lots of volume hitting the bids … but not moving
[Jul 11, 2010 8:22:30 PM EDT] InvestorsLive may signal strength
[Jul 11, 2010 8:22:32 PM EDT] InvestorsLive and a reversal
[Jul 11, 2010 8:22:40 PM EDT] InvestorsLive opposite … ton hits offers .. doesn’t budge
[Jul 11, 2010 8:22:47 PM EDT] Spxlw8 volume spikes at peaks right?
[Jul 11, 2010 8:23:00 PM EDT] InvestorsLive sometimes…
[Jul 11, 2010 8:23:10 PM EDT] InvestorsLive but I usually let it test … see how it trades after it test
[Jul 11, 2010 8:23:32 PM EDT] InvestorsLive but it looked like it was getting tired… everyone was probably thinking $3 break in their head
[Jul 11, 2010 8:23:39 PM EDT] misfithab so you were all over the level II at that point…to see the “hit the bid/ask”
[Jul 11, 2010 8:23:54 PM EDT] InvestorsLive and the fact that there was a ton of volme but no real price movement led me to believe many were selling into the strength since everyone was thinking $3 $3 $3
[Jul 11, 2010 8:24:02 PM EDT] InvestorsLive nah
[Jul 11, 2010 8:24:10 PM EDT] InvestorsLive I just watch Level 2 / Time and Sales and the chart liek I showed you
[Jul 11, 2010 8:24:18 PM EDT] InvestorsLive so when you see the volume spike up and no real price movement
[Jul 11, 2010 8:24:31 PM EDT] InvestorsLive I watch them all at once… but you don’t need Level 2 and time and sales to see that
[Jul 11, 2010 8:24:37 PM EDT] InvestorsLive I just trained myself that way… so that’s what I do
[Jul 11, 2010 8:24:43 PM EDT] misfithab gotcha
[Jul 11, 2010 8:25:13 PM EDT] InvestorsLive any questions on that one so far?
[Jul 11, 2010 8:25:23 PM EDT] InvestorsLive stuff like that after a day or 2 of a ‘dead cat bounce’
[Jul 11, 2010 8:25:26 PM EDT] InvestorsLive or ‘falling knife bounce’
[Jul 11, 2010 8:25:29 PM EDT] InvestorsLive I become short biased
[Jul 11, 2010 8:25:35 PM EDT] InvestorsLive there will be volume for a few more days
[Jul 11, 2010 8:25:40 PM EDT] InvestorsLive and then you’ll see it die off big time
[Jul 11, 2010 8:25:48 PM EDT] InvestorsLive like TSLA for example
[Jul 11, 2010 8:25:58 PM EDT] InvestorsLive when I was swinging that long off the bottom there..
[Jul 11, 2010 8:26:12 PM EDT] InvestorsLive you watch this week… by end of the week it won’t even trade 2 million shares imo
[Jul 11, 2010 8:26:25 PM EDT] InvestorsLive that’s why a lot of times I get comments on my blog …
[Jul 11, 2010 8:26:37 PM EDT] InvestorsLive “this stock ALREADY moved – why don’t you play stocks before they move?”
[Jul 11, 2010 8:26:48 PM EDT] InvestorsLive we play stocks IN PLAY … with volume
[Jul 11, 2010 8:27:07 PM EDT] InvestorsLive Muddy likes Day Rangers…
[Jul 11, 2010 8:27:12 PM EDT] InvestorsLive stocks with big RANGES during the day
[Jul 11, 2010 8:27:15 PM EDT] InvestorsLive they come … they go
[Jul 11, 2010 8:27:24 PM EDT] Laura playing stocks before they move is dumb, no reason to play em
[Jul 11, 2010 8:27:25 PM EDT] InvestorsLive we play them when they are IN PLAY with a range… and then they go back to their consolidation phase
[Jul 11, 2010 8:27:28 PM EDT] InvestorsLive yup
[Jul 11, 2010 8:27:35 PM EDT] cpaul i just hate i cant get shares to short TSLA
[Jul 11, 2010 8:27:36 PM EDT] Laura what, you gonna wait on 10 stocks to move?
[Jul 11, 2010 8:27:42 PM EDT] Laura uh, when
[Jul 11, 2010 8:27:53 PM EDT] InvestorsLive zactly
[Jul 11, 2010 8:28:12 PM EDT] Laura peeps wanting to find the breakout before it breaks out
[Jul 11, 2010 8:28:17 PM EDT] Laura come on, can’t be done
[Jul 11, 2010 8:28:25 PM EDT] InvestorsLive which is a side note re: our sub penny room and some may get mad when I always repeat myself in there… when I first started I was always reading news and believing in the comp etc
[Jul 11, 2010 8:28:32 PM EDT] InvestorsLive same with OTCBB pumps
[Jul 11, 2010 8:28:41 PM EDT] InvestorsLive they have their big move… they have their tank… they have their bounce…
[Jul 11, 2010 8:28:47 PM EDT] InvestorsLive bang bang bang… those are the 3 times to play them
[Jul 11, 2010 8:28:57 PM EDT] InvestorsLive after that… you play back side of move… and I BET you end up averaging down to 0
[Jul 11, 2010 8:29:08 PM EDT] InvestorsLive so I always remind folks in the other room
[Jul 11, 2010 8:29:13 PM EDT] InvestorsLive if you know what the company does….
[Jul 11, 2010 8:29:19 PM EDT] InvestorsLive you already are in too deep
[Jul 11, 2010 8:29:26 PM EDT] InvestorsLive if you try to rationalize with me on PM
[Jul 11, 2010 8:29:29 PM EDT] InvestorsLive why it’s a good company
[Jul 11, 2010 8:29:48 PM EDT] InvestorsLive well … not much I can do for you
[Jul 11, 2010 8:30:02 PM EDT] InvestorsLive ‘cept wish you good luck and at least you’ll have less taxes at end of year
[Jul 11, 2010 8:30:18 PM EDT] barrisvino a little off topic but within the same theme. We should not fall in love with these stocks? Even if we “believe” in them
[Jul 11, 2010 8:30:34 PM EDT] InvestorsLive sometimes if I am on the wrong side of a trade….
[Jul 11, 2010 8:30:38 PM EDT] InvestorsLive Nasdaq
[Jul 11, 2010 8:30:42 PM EDT] InvestorsLive if I go to Finance.yahoo.com
[Jul 11, 2010 8:30:45 PM EDT] InvestorsLive and start looking up the news …
[Jul 11, 2010 8:30:54 PM EDT] InvestorsLive and why it fell… and would it be a good swing etc….
[Jul 11, 2010 8:31:03 PM EDT] InvestorsLive and my “mental stop” hasn’t kicked me out of it by then
[Jul 11, 2010 8:31:07 PM EDT] InvestorsLive that’s my stop…
[Jul 11, 2010 8:31:17 PM EDT] barrisvino ok
[Jul 11, 2010 8:31:20 PM EDT] InvestorsLive I ask myself WTF are you doing… now my money is w/ the market
[Jul 11, 2010 8:31:26 PM EDT] InvestorsLive my chances are 50/50
[Jul 11, 2010 8:31:37 PM EDT] InvestorsLive once i start looking up what they do.. and rationalize myself as to why I’m in
[Jul 11, 2010 8:31:41 PM EDT] InvestorsLive that means I’m in for the wrong reasons
[Jul 11, 2010 8:31:46 PM EDT] InvestorsLive that means I was WRONG
[Jul 11, 2010 8:31:58 PM EDT] barrisvino got it
[Jul 11, 2010 8:32:00 PM EDT] InvestorsLive I don’t do it much at all.. if any… I really don’t know the last time I’ve done it
[Jul 11, 2010 8:32:06 PM EDT] barrisvino TY I will write that on top of my desk lol
[Jul 11, 2010 8:32:06 PM EDT] InvestorsLive but … that’s just the way I think
[Jul 11, 2010 8:32:12 PM EDT] InvestorsLive like I’ve said before… we trade symbols.. no companies
[Jul 11, 2010 8:32:41 PM EDT] InvestorsLive but that’s a topic that can go on for hours .. but anyway
[Jul 11, 2010 8:32:49 PM EDT] InvestorsLive questions so far on what has been covered ?
[Jul 11, 2010 8:33:10 PM EDT] misfithab Nope
[Jul 11, 2010 8:33:15 PM EDT] barrisvino can I review real quick on the SKH trade before we move on?
[Jul 11, 2010 8:33:27 PM EDT] InvestorsLive sure I have another question on SKH too
[Jul 11, 2010 8:33:32 PM EDT] InvestorsLive lemme hit that and see if it answers
[Jul 11, 2010 8:33:33 PM EDT] InvestorsLive then you ask
[Jul 11, 2010 8:33:37 PM EDT] InvestorsLive QUESTION: Some of the price action on these stocks seems incredibly random. A stock like SKH for example (I was holding since 1.87)….nothing, nothing, nothing and then all of a sudden BOOM it busts out for 20 cents in a minute. This seems to happen a ton in your world. Since I think this is intimidating for a newbie like myself the question is why this happens? Why such crazy moves that seem to happen randomly??? I think having a little understanding of the price action might make it slightly less intimidating..
[Jul 11, 2010 8:33:58 PM EDT] InvestorsLive This is a great question because I think it brings up something that does happen a lot in our world
[Jul 11, 2010 8:34:19 PM EDT] InvestorsLive however .. that spike at 11:00 not sure why anyone would be short… many people asked/wanted to be
[Jul 11, 2010 8:34:21 PM EDT] InvestorsLive but
[Jul 11, 2010 8:34:31 PM EDT] InvestorsLive when I play more ‘sizely’
[Jul 11, 2010 8:34:43 PM EDT] InvestorsLive I normally do this only on stocks that have had a big range … or fell largely for a reason
[Jul 11, 2010 8:34:50 PM EDT] InvestorsLive and bounced straight up
[Jul 11, 2010 8:35:03 PM EDT] InvestorsLive I try to wait until it’s settled a bit
[Jul 11, 2010 8:35:13 PM EDT] InvestorsLive and the risk of it tanking is less than it spiking
[Jul 11, 2010 8:35:14 PM EDT] InvestorsLive if I am long
[Jul 11, 2010 8:35:30 PM EDT] InvestorsLive or the risk of it fading is more likely than spiking
[Jul 11, 2010 8:35:32 PM EDT] InvestorsLive when I am short
[Jul 11, 2010 8:35:41 PM EDT] InvestorsLive IDT good example
[Jul 11, 2010 8:35:53 PM EDT] InvestorsLive 6 days ago (trading days)
[Jul 11, 2010 8:35:59 PM EDT] InvestorsLive it was up 4 days straight closed at HOD each day
[Jul 11, 2010 8:36:14 PM EDT] InvestorsLive I was short biased as I wrote on scan into any BIG pop
[Jul 11, 2010 8:36:29 PM EDT] InvestorsLive not into slow/steady sideways price action
[Jul 11, 2010 8:36:35 PM EDT] InvestorsLive like you see on SKH on Friday
[Jul 11, 2010 8:36:42 PM EDT] InvestorsLive into a BIG POP
[Jul 11, 2010 8:36:58 PM EDT] InvestorsLive because IDT went $9.80s to $15 with no pull back
[Jul 11, 2010 8:37:10 PM EDT] InvestorsLive it was doing that slow and steady thru the days
[Jul 11, 2010 8:37:20 PM EDT] InvestorsLive so if there is a move 14.90 to 15.50s + in less than 30 seconds
[Jul 11, 2010 8:37:30 PM EDT] InvestorsLive in my opinion… NOT ALWAYS … but risk vs reward……
[Jul 11, 2010 8:37:37 PM EDT] InvestorsLive is in my court if I take a short into that spike… there will be profit taking
[Jul 11, 2010 8:37:53 PM EDT] InvestorsLive after that day….
[Jul 11, 2010 8:37:59 PM EDT] InvestorsLive it had the big pull back… but came right back
[Jul 11, 2010 8:38:09 PM EDT] InvestorsLive on scans and the chat room many asked is it a short.. is it a short
[Jul 11, 2010 8:38:17 PM EDT] InvestorsLive just because stocks are up… doesn’t meant they are shorts
[Jul 11, 2010 8:38:26 PM EDT] InvestorsLive it began consolidation and held support…
[Jul 11, 2010 8:38:33 PM EDT] InvestorsLive LET IT TRADE OUT.. then trade the break down or break out
[Jul 11, 2010 8:38:42 PM EDT] InvestorsLive same thing with SKH .. wait for it to move in a direction you’re familiar with
[Jul 11, 2010 8:38:54 PM EDT] InvestorsLive a random trade when it’s sideways is 50/50 chance
[Jul 11, 2010 8:39:11 PM EDT] InvestorsLive the only time sideways price action is an OK short/long is when you have a padding
[Jul 11, 2010 8:39:16 PM EDT] InvestorsLive which like I did on Friday
[Jul 11, 2010 8:39:23 PM EDT] paynito worse than 50% , it’s hard to take profits
[Jul 11, 2010 8:39:23 PM EDT] InvestorsLive I added to my SKH short at 2.43-2.41
[Jul 11, 2010 8:39:32 PM EDT] InvestorsLive that was sideways price action
[Jul 11, 2010 8:39:47 PM EDT] InvestorsLive would I have shorted there normally? no…. but I had a padding so I took the risk
[Jul 11, 2010 8:39:53 PM EDT] InvestorsLive normally you wait for 2.40 to crack
[Jul 11, 2010 8:40:11 PM EDT] InvestorsLive but I knew it’d be quick drop if 2.40 droppedd
[Jul 11, 2010 8:40:17 PM EDT] InvestorsLive so I wanted to be ahead of the squad
[Jul 11, 2010 8:40:34 PM EDT] InvestorsLive most times I play “big” it’s when I have a padding.. so that adverse move… will make me still green or even if it pops
[Jul 11, 2010 8:40:37 PM EDT] InvestorsLive limits my risk
[Jul 11, 2010 8:40:53 PM EDT] InvestorsLive barris – did u have a question stilll?
[Jul 11, 2010 8:41:00 PM EDT] barrisvino So the SKH spike @ 11 played a factor later on in your decision to short? The risk vs reward was on your side?
[Jul 11, 2010 8:41:36 PM EDT] InvestorsLive no
[Jul 11, 2010 8:41:45 PM EDT] InvestorsLive I wasn’t even trading it then
[Jul 11, 2010 8:41:51 PM EDT] InvestorsLive I just watched it as it moved up and started to speed up
[Jul 11, 2010 8:42:07 PM EDT] barrisvino Did you pay attention to it when you did trade it?
[Jul 11, 2010 8:42:07 PM EDT] InvestorsLive the stock had been moving up… met some resistance… started to re-test HODs and then we had a bunch of volume and little price action
[Jul 11, 2010 8:42:20 PM EDT] InvestorsLive pay attention to what?
[Jul 11, 2010 8:42:25 PM EDT] barrisvino to that spike?
[Jul 11, 2010 8:42:28 PM EDT] InvestorsLive the move an hour prior? no
[Jul 11, 2010 8:42:32 PM EDT] barrisvino ok
[Jul 11, 2010 8:42:35 PM EDT] InvestorsLive that was just a random spike/squeeze
[Jul 11, 2010 8:42:46 PM EDT] InvestorsLive but I paid attention to the fact I knew it was 1.45-1.50 yesterday
[Jul 11, 2010 8:42:49 PM EDT] InvestorsLive and has gone straight up since
[Jul 11, 2010 8:43:00 PM EDT] barrisvino ok got it – sorry for all the questions I just really want to understang the play 🙂
[Jul 11, 2010 8:43:06 PM EDT] barrisvino understand*
[Jul 11, 2010 8:43:20 PM EDT] InvestorsLive stockhouse50 – check ur PM
[Jul 11, 2010 8:43:33 PM EDT] Laura ask away barris, that’s what seminars are for
[Jul 11, 2010 8:44:02 PM EDT] InvestorsLive any further questions on that stuff?
[Jul 11, 2010 8:44:10 PM EDT] barrisvino IL should we typically allow a substantial amount of time 20-60 minutes for the stock to trade out?
[Jul 11, 2010 8:44:15 PM EDT] barrisvino or sometimes longer?
[Jul 11, 2010 8:44:21 PM EDT] InvestorsLive just let it trade out…
[Jul 11, 2010 8:44:23 PM EDT] InvestorsLive it either trades out
[Jul 11, 2010 8:44:24 PM EDT] InvestorsLive or it doesn’t
[Jul 11, 2010 8:44:26 PM EDT] barrisvino ok
[Jul 11, 2010 8:44:28 PM EDT] InvestorsLive meaning
[Jul 11, 2010 8:44:31 PM EDT] InvestorsLive it either breaks the channel its in
[Jul 11, 2010 8:44:33 PM EDT] InvestorsLive or it doesn’t
[Jul 11, 2010 8:44:36 PM EDT] InvestorsLive don’t force the trade
[Jul 11, 2010 8:44:57 PM EDT] InvestorsLive once you see a stock in a channel .. hitting a top and being supported at a bottom
[Jul 11, 2010 8:45:01 PM EDT] InvestorsLive lets say STEC for example
[Jul 11, 2010 8:45:03 PM EDT] InvestorsLive 14.30 to 14.50
[Jul 11, 2010 8:45:13 PM EDT] InvestorsLive no reason to trade it
[Jul 11, 2010 8:45:18 PM EDT] InvestorsLive it’s in a range…
[Jul 11, 2010 8:45:24 PM EDT] InvestorsLive it won’t have volatility until its out of htat range
[Jul 11, 2010 8:45:37 PM EDT] InvestorsLive QUESTION: When you short near open on a morning pop like BJ, IDT, ONP, BWEN, NANO – etc, what are you looking for to time the top, when there’s not much chart structure? Do you have a mental stop in mind or are you usually in beneath full size? When would you try to avoid shorting morning pops on a scan stock with s/s bias?
[Jul 11, 2010 8:45:52 PM EDT] InvestorsLive we pretty much just went over that – so I’ll post the question anyway
[Jul 11, 2010 8:45:59 PM EDT] InvestorsLive for chat logs – so u can go back over
[Jul 11, 2010 8:46:06 PM EDT] InvestorsLive but ONP was yet another good example
[Jul 11, 2010 8:46:12 PM EDT] InvestorsLive you’ll notice I play these stocks heavier
[Jul 11, 2010 8:46:15 PM EDT] InvestorsLive u should see a trend
[Jul 11, 2010 8:46:26 PM EDT] InvestorsLive NANO ONP SKH … etc
[Jul 11, 2010 8:46:33 PM EDT] InvestorsLive big tanks 1 day… followed by straight up
[Jul 11, 2010 8:46:38 PM EDT] InvestorsLive then I trade the weakness.. but don’t marry them
[Jul 11, 2010 8:46:48 PM EDT] InvestorsLive NANO I wanted 8.91 .. but it kept being supported at 9.10 and 9.20
[Jul 11, 2010 8:46:50 PM EDT] InvestorsLive so why fight it?
[Jul 11, 2010 8:47:17 PM EDT] InvestorsLive you’ve got to trade what it gives you … if it’s not breaking down… take ur money
[Jul 11, 2010 8:47:18 PM EDT] InvestorsLive at least some
[Jul 11, 2010 8:47:51 PM EDT] InvestorsLive we’re in a directionless market during the day… sure it may end up green the past 3 days but was it easy during the day to just say long?
[Jul 11, 2010 8:48:42 PM EDT] InvestorsLive it’s very hard … it may have 3 tanks mid day back to LODs
[Jul 11, 2010 8:48:46 PM EDT] InvestorsLive before it powers into the close
[Jul 11, 2010 8:48:48 PM EDT] InvestorsLive and closes near highs…
[Jul 11, 2010 8:49:01 PM EDT] InvestorsLive so if you’re not willing to trade what the market gives you… then be careful
[Jul 11, 2010 8:49:15 PM EDT] misfithab not to interject but you made me think of this….how much are you aware of what the general market is doing during the trading day?
[Jul 11, 2010 8:49:33 PM EDT] InvestorsLive I watch it… but only for the stocks related that I am playing
[Jul 11, 2010 8:49:38 PM EDT] InvestorsLive for some .. SKH doesn’t follow that
[Jul 11, 2010 8:49:42 PM EDT] InvestorsLive but for others LVS .. etc
[Jul 11, 2010 8:49:44 PM EDT] InvestorsLive provides an edge
[Jul 11, 2010 8:49:59 PM EDT] misfithab makes sense…thx
[Jul 11, 2010 8:50:02 PM EDT] InvestorsLive QUESTION: (Jul 11-20:47) shimke: based on everything u said, can u tell us what would be ur trade on NANO now? the fact that it closed high, so does this mean that tomorrow may give the real spike and huge short oppertunity?
[Jul 11, 2010 8:50:12 PM EDT] InvestorsLive NANO I am short some over night.. just risking some of my profits
[Jul 11, 2010 8:50:20 PM EDT] InvestorsLive from Friday b/c I had 5500 on it.. so it spiked into close
[Jul 11, 2010 8:50:26 PM EDT] InvestorsLive I went opposite just in case…
[Jul 11, 2010 8:50:42 PM EDT] InvestorsLive I was hoping to take home a quick .20 reversal but didn’t pan out .. but I’d think maybe $10 test
[Jul 11, 2010 8:50:47 PM EDT] InvestorsLive then watch for weakness off $10
[Jul 11, 2010 8:50:53 PM EDT] InvestorsLive or green gap up .. green to red
[Jul 11, 2010 8:51:04 PM EDT] InvestorsLive may have another day or 2 of volatility and then like the rest
[Jul 11, 2010 8:51:06 PM EDT] InvestorsLive go off the radar
[Jul 11, 2010 8:51:46 PM EDT] InvestorsLive any other questions guys?
[Jul 11, 2010 8:51:52 PM EDT] InvestorsLive the key is scans
[Jul 11, 2010 8:51:54 PM EDT] InvestorsLive scans the night before
[Jul 11, 2010 8:51:59 PM EDT] InvestorsLive become familiar with them
[Jul 11, 2010 8:52:16 PM EDT] InvestorsLive key is charts… you see a stock big green 3-4 days in a row
[Jul 11, 2010 8:52:18 PM EDT] InvestorsLive I’m short biased
[Jul 11, 2010 8:52:21 PM EDT] InvestorsLive that doesn’t mean short…
[Jul 11, 2010 8:52:23 PM EDT] InvestorsLive but SOLF JASO
[Jul 11, 2010 8:52:30 PM EDT] InvestorsLive look at those
[Jul 11, 2010 8:52:35 PM EDT] InvestorsLive up up up up
[Jul 11, 2010 8:52:47 PM EDT] InvestorsLive when they crack in the past they’ve always given back a lot in 1 day
[Jul 11, 2010 8:52:51 PM EDT] InvestorsLive after a big move like that
[Jul 11, 2010 8:53:00 PM EDT] InvestorsLive so no … I’m not going into Monday saying SHORT
[Jul 11, 2010 8:53:04 PM EDT] InvestorsLive I’m just short biased and watching them
[Jul 11, 2010 8:53:12 PM EDT] InvestorsLive like JASO Friday.. kept going… I hope it does
[Jul 11, 2010 8:53:15 PM EDT] InvestorsLive I’m still short biased
[Jul 11, 2010 8:53:24 PM EDT] InvestorsLive as soon as it starts to crack I will trade larger
[Jul 11, 2010 8:53:27 PM EDT] InvestorsLive because of the chart it has
[Jul 11, 2010 8:53:46 PM EDT] barrisvino Being a beginner to the chat should I just focus on the scans for now to become familiar with the plays?
[Jul 11, 2010 8:54:01 PM EDT] InvestorsLive you should become familiar with the charts each night.. and watch how they pan out
[Jul 11, 2010 8:54:08 PM EDT] InvestorsLive most of the time they do the same thing
[Jul 11, 2010 8:54:08 PM EDT] barrisvino ok
[Jul 11, 2010 8:54:12 PM EDT] InvestorsLive and then next time you see the stock on radar
[Jul 11, 2010 8:54:14 PM EDT] InvestorsLive you’ll remember
[Jul 11, 2010 8:54:25 PM EDT] InvestorsLive ONP for example is exactly what I’ve explained all night
[Jul 11, 2010 8:54:57 PM EDT] paynito I see SOLF as a long popping over 10
[Jul 11, 2010 8:55:00 PM EDT] InvestorsLive http://img25.imageshack.us/img25/3183/onp1.png
[Jul 11, 2010 8:55:02 PM EDT] InvestorsLive see ONP
[Jul 11, 2010 8:55:11 PM EDT] InvestorsLive we trade the move.. then it starts to fade off … volume and price action
[Jul 11, 2010 8:55:23 PM EDT] InvestorsLive the tank… the correction.. the short… zzzzzzzzz
[Jul 11, 2010 8:55:33 PM EDT] InvestorsLive look at the volume
[Jul 11, 2010 8:55:38 PM EDT] InvestorsLive less than 230k shars traded Friday!
[Jul 11, 2010 8:55:56 PM EDT] InvestorsLive you see the connection with all the prior? … never marry ’em … trade ’em and wait til next time then done
[Jul 11, 2010 8:56:44 PM EDT] barrisvino you are no longer following ONP or does the lack of volume and price action put this back on your rader?
[Jul 11, 2010 8:56:51 PM EDT] InvestorsLive not watching it
[Jul 11, 2010 8:56:54 PM EDT] barrisvino ok
[Jul 11, 2010 8:56:57 PM EDT] InvestorsLive if I’m gonna trade it
[Jul 11, 2010 8:56:59 PM EDT] InvestorsLive it’ll hit my scans
[Jul 11, 2010 8:57:12 PM EDT] InvestorsLive either HOD/LOD list w/ volume or nightly scan
[Jul 11, 2010 8:58:10 PM EDT] InvestorsLive Questions
[Jul 11, 2010 8:58:12 PM EDT] InvestorsLive Comments
[Jul 11, 2010 8:58:13 PM EDT] Spxlw8 BWEN swing trade starting Thursday, shorted at 3.24 and 3.20, covered 1/4 at 3.16 on Friday and shorted back to full size at 3.24 again, is this a good trading style? (referring primarily to the reshort at entry)
[Jul 11, 2010 8:58:37 PM EDT] 8 I have a quick qeustion
[Jul 11, 2010 8:58:40 PM EDT] 8 question
[Jul 11, 2010 8:58:50 PM EDT] InvestorsLive BWEN I’d reshort on spikes vs. just original entry
[Jul 11, 2010 8:58:59 PM EDT] InvestorsLive but if it goes to ur entry fast.. then sure
[Jul 11, 2010 8:59:06 PM EDT] InvestorsLive but if it’s nearing red/green let it trade out first
[Jul 11, 2010 8:59:12 PM EDT] InvestorsLive but I always try to lock in some gains on swings right away
[Jul 11, 2010 8:59:14 PM EDT] 8 I what criteria you use to find these stocks for scans… other than breakouts
[Jul 11, 2010 8:59:25 PM EDT] InvestorsLive when ?
[Jul 11, 2010 8:59:29 PM EDT] InvestorsLive at night or during day
[Jul 11, 2010 8:59:45 PM EDT] 8 would it be horrible if I said both
[Jul 11, 2010 8:59:48 PM EDT] 8 but mostly at night
[Jul 11, 2010 9:00:46 PM EDT] InvestorsLive well all that info is right on the site … so you can do some looking up after the seminar and get all your questions answered
[Jul 11, 2010 9:00:52 PM EDT] InvestorsLive http://www.investorsunderground.com/stock-fetcher-scans/
[Jul 11, 2010 9:00:58 PM EDT] InvestorsLive we have it all posted there
[Jul 11, 2010 9:01:17 PM EDT] InvestorsLive but I have a seminar on Equity Feed scan which is what I plug in for my OTCBB / Pinksheet scanner
[Jul 11, 2010 9:01:22 PM EDT] InvestorsLive which hasn’t been much use LATELY
[Jul 11, 2010 9:01:30 PM EDT] InvestorsLive but was huge… when OTCBB/Pinksheets were hot
[Jul 11, 2010 9:01:39 PM EDT] vin4356 Thanks, IL
[Jul 11, 2010 9:01:43 PM EDT] InvestorsLive all Muddy‘s are posted there
[Jul 11, 2010 9:01:46 PM EDT] InvestorsLive as well as http://greenonthescreen.blogspot.com/2008/06/im-gonna-try.html
[Jul 11, 2010 9:01:48 PM EDT] 8 thanks
[Jul 11, 2010 9:02:02 PM EDT] InvestorsLive and then the link for my scan is right on that first link I gave you
[Jul 11, 2010 9:02:06 PM EDT] barrisvino IL before you run can you give us a little review of what we should look for tomorrow – I saw the scans but if you can touch up on them it would be a huge help
[Jul 11, 2010 9:02:08 PM EDT] InvestorsLive says “InvestorsLive Nightly Scan”
[Jul 11, 2010 9:02:17 PM EDT] 8 huge help
[Jul 11, 2010 9:02:23 PM EDT] InvestorsLive do you have specific questions barris?
[Jul 11, 2010 9:02:36 PM EDT] InvestorsLive my remarks are stated above each chart..
[Jul 11, 2010 9:02:42 PM EDT] barrisvino I was look at the fannie and freddie play in particular
[Jul 11, 2010 9:02:50 PM EDT] barrisvino I noticed you bought them on Friday
[Jul 11, 2010 9:03:12 PM EDT] barrisvino did the end of day spike play any roll in you deciding to buy that
[Jul 11, 2010 9:03:22 PM EDT] barrisvino because of a possible carry over into the next trading day?
[Jul 11, 2010 9:03:56 PM EDT] InvestorsLive nah the reason is because they are OTCBB now…
[Jul 11, 2010 9:03:59 PM EDT] InvestorsLive and it’s my ‘gapper strategy’
[Jul 11, 2010 9:04:11 PM EDT] InvestorsLive when stocks close strong many times have a tendency to open higher the next day
[Jul 11, 2010 9:04:33 PM EDT] InvestorsLive if u click seminars and go to the seminars titled “gappers” I go over those many times – but we aren’t really in a gapper market
[Jul 11, 2010 9:04:42 PM EDT] barrisvino yes I was reffering to that
[Jul 11, 2010 9:04:44 PM EDT] InvestorsLive these 2 just have millions of volume… so hoping .30 + open and .40+ open on each
[Jul 11, 2010 9:04:52 PM EDT] barrisvino I read over it
[Jul 11, 2010 9:04:55 PM EDT] InvestorsLive FMCC -.37-.38 or whatever
[Jul 11, 2010 9:05:14 PM EDT] InvestorsLive FNMA maybe .30+
[Jul 11, 2010 9:05:30 PM EDT] barrisvino ok got it
[Jul 11, 2010 9:05:32 PM EDT] InvestorsLive FNMA .30 = next psychological area
[Jul 11, 2010 9:05:35 PM EDT] InvestorsLive make sense?
[Jul 11, 2010 9:05:39 PM EDT] barrisvino yes
[Jul 11, 2010 9:05:39 PM EDT] InvestorsLive .27… .30 break etc
[Jul 11, 2010 9:05:55 PM EDT] InvestorsLive but … who knows it’s harder in this market I wish I was in from lower but … I was busy on others Friday
[Jul 11, 2010 9:06:09 PM EDT] barrisvino wanted to reinforce the strategy to myself
[Jul 11, 2010 9:06:13 PM EDT] barrisvino by asking you directly
[Jul 11, 2010 9:06:31 PM EDT] barrisvino also
[Jul 11, 2010 9:06:35 PM EDT] barrisvino can you explain DEAR?
[Jul 11, 2010 9:06:46 PM EDT] barrisvino I know you mention its a former runner
[Jul 11, 2010 9:07:05 PM EDT] barrisvino and you are short biased
[Jul 11, 2010 9:07:07 PM EDT] InvestorsLive short biased..
[Jul 11, 2010 9:07:08 PM EDT] InvestorsLive yes
[Jul 11, 2010 9:07:12 PM EDT] InvestorsLive same as JASO SOLF
[Jul 11, 2010 9:07:20 PM EDT] InvestorsLive let it run… but if it cracks I’m short biased
[Jul 11, 2010 9:07:24 PM EDT] InvestorsLive if it pops large.. etc
[Jul 11, 2010 9:07:33 PM EDT] barrisvino ok a crack below the LOD?
[Jul 11, 2010 9:08:09 PM EDT] InvestorsLive no I don’t short them into weakness
[Jul 11, 2010 9:08:13 PM EDT] InvestorsLive I rarely short LODs
[Jul 11, 2010 9:08:29 PM EDT] InvestorsLive I short into big pops after an inch inch to breakout type … or off the fade
[Jul 11, 2010 9:08:30 PM EDT] barrisvino ok what cracks are we looking for?
[Jul 11, 2010 9:08:32 PM EDT] InvestorsLive off HODs
[Jul 11, 2010 9:08:36 PM EDT] InvestorsLive no idea barris
[Jul 11, 2010 9:08:40 PM EDT] InvestorsLive see what happens tomorrow
[Jul 11, 2010 9:08:41 PM EDT] barrisvino ok
[Jul 11, 2010 9:08:44 PM EDT] InvestorsLive could open at $5
[Jul 11, 2010 9:08:45 PM EDT] barrisvino ok no problem
[Jul 11, 2010 9:08:59 PM EDT] InvestorsLive fact is .. its on my radar I’ve seen the chart
[Jul 11, 2010 9:09:03 PM EDT] barrisvino iim not speaking for DEAR in particular but stocks “like” DEAR
[Jul 11, 2010 9:09:06 PM EDT] InvestorsLive if I see it tomorrow I know what it looks like
[Jul 11, 2010 9:09:09 PM EDT] InvestorsLive that’s all I need to know
[Jul 11, 2010 9:09:17 PM EDT] barrisvino ok
[Jul 11, 2010 9:10:20 PM EDT] barrisvino Thank you for your time IL
[Jul 11, 2010 9:10:33 PM EDT] 8 thanks guys
[Jul 11, 2010 9:10:55 PM EDT] 8 I have another quickie
[Jul 11, 2010 9:10:58 PM EDT] abulloch Question re NANO chart : last three months the renage has been 10.0 to 12.5, whereas chart for last six months is more of 7.5 to 12.5 range. Is either of these channels/range patterns more significant than the other when you’re assessing moves above or below 10?
[Jul 11, 2010 9:11:09 PM EDT] InvestorsLive nope
[Jul 11, 2010 9:11:14 PM EDT] InvestorsLive just care about the near term
[Jul 11, 2010 9:11:20 PM EDT] InvestorsLive like ONP
[Jul 11, 2010 9:11:25 PM EDT] InvestorsLive the move around the current move
[Jul 11, 2010 9:11:30 PM EDT] InvestorsLive the move AT HAND
[Jul 11, 2010 9:11:41 PM EDT] abulloch good
[Jul 11, 2010 9:11:51 PM EDT] 8 Lost money on pumps so I tend to stay away… but there are certain pumps that still make moves like titans… I was wondering if you still like to play those
[Jul 11, 2010 9:12:00 PM EDT] InvestorsLive of course
[Jul 11, 2010 9:12:09 PM EDT] InvestorsLive make huge $$ on them each time
[Jul 11, 2010 9:12:11 PM EDT] 8 is it just titan
[Jul 11, 2010 9:12:17 PM EDT] barrisvino Hey for the other beginners lets message each other so maybe we can help each other out
[Jul 11, 2010 9:12:30 PM EDT] abulloch titan been a bit titanic recently, though….
[Jul 11, 2010 9:12:37 PM EDT] InvestorsLive titan has been fine
[Jul 11, 2010 9:12:41 PM EDT] InvestorsLive the market sucks…
[Jul 11, 2010 9:12:45 PM EDT] 8 titans been great last two picks
[Jul 11, 2010 9:12:53 PM EDT] InvestorsLive I only trade it size from the minute its released
[Jul 11, 2010 9:12:58 PM EDT] InvestorsLive to the next morning strength
[Jul 11, 2010 9:13:05 PM EDT] 8 thats what I do as well …
[Jul 11, 2010 9:13:15 PM EDT] 8 but others have really been letting me down
[Jul 11, 2010 9:13:47 PM EDT] 8 since I dont have premarket its sucks as well
[Jul 11, 2010 9:13:48 PM EDT] InvestorsLive if I mention an OTCBB in here..
[Jul 11, 2010 9:13:49 PM EDT] InvestorsLive or Pink
[Jul 11, 2010 9:13:56 PM EDT] InvestorsLive it’s because it hit my scanner
[Jul 11, 2010 9:14:02 PM EDT] InvestorsLive which means its liquid enough for me to trade
[Jul 11, 2010 9:14:08 PM EDT] InvestorsLive ie: not just a few blocks
[Jul 11, 2010 9:14:12 PM EDT] InvestorsLive 50-75+ trades
[Jul 11, 2010 9:14:18 PM EDT] InvestorsLive $50-100k+ volume
[Jul 11, 2010 9:14:20 PM EDT] InvestorsLive etc
[Jul 11, 2010 9:14:24 PM EDT] 8 def keep that in mind thanks
[Jul 11, 2010 9:14:35 PM EDT] InvestorsLive LBSRE an example of a stock with a market right now
[Jul 11, 2010 9:14:42 PM EDT] InvestorsLive you can trade that like you would a Nasdaq
[Jul 11, 2010 9:14:48 PM EDT] InvestorsLive bids are taking in size… etc
[Jul 11, 2010 9:14:51 PM EDT] InvestorsLive most you can’t
[Jul 11, 2010 9:15:53 PM EDT] InvestorsLive any other questions guys?
[Jul 11, 2010 9:16:13 PM EDT] misfithab nope…thank you for the time….
[Jul 11, 2010 9:16:31 PM EDT] barrisvino TY IL
[Jul 11, 2010 9:16:36 PM EDT] barrisvino look forward to trading tomorrow
[Jul 11, 2010 9:16:53 PM EDT] Spxlw8 IL would you like me to post my PM as a group question?
[Jul 11, 2010 9:17:10 PM EDT] InvestorsLive oh I can answer – didn’t see it popped up behind
[Jul 11, 2010 9:17:24 PM EDT] Spxlw8 np, didnt want to get too specific in seminar
[Jul 11, 2010 9:17:56 PM EDT] 8 IL is it possible to make big gains without intraday trading these… prob be under ptd rules until i make a little more
[Jul 11, 2010 9:18:57 PM EDT] InvestorsLive I’d suggest a prop firm
[Jul 11, 2010 9:18:59 PM EDT] InvestorsLive if under the PDT
[Jul 11, 2010 9:19:08 PM EDT] InvestorsLive I would suggest not taking the buying power given
[Jul 11, 2010 9:19:11 PM EDT] InvestorsLive just use 1:1
[Jul 11, 2010 9:19:19 PM EDT] InvestorsLive but just so u can take losses
[Jul 11, 2010 9:19:21 PM EDT] InvestorsLive and not worry about it
[Jul 11, 2010 9:19:26 PM EDT] jp is BBI on pinks now?
[Jul 11, 2010 9:19:28 PM EDT] vin4356 IL, do u always set a stop loss every time you trade?
[Jul 11, 2010 9:19:31 PM EDT] jp good evening all
[Jul 11, 2010 9:19:35 PM EDT] InvestorsLive no vin
[Jul 11, 2010 9:19:42 PM EDT] 8 yea that 5k minimum is not doable just yet
[Jul 11, 2010 9:19:42 PM EDT] InvestorsLive mental stop yes I know where I want to stop
[Jul 11, 2010 9:19:44 PM EDT] InvestorsLive if it goes against me
[Jul 11, 2010 9:19:45 PM EDT] 8 is there any with less
[Jul 11, 2010 9:20:02 PM EDT] Spxlw8 I dont know of any 8
[Jul 11, 2010 9:20:04 PM EDT] InvestorsLive but I have $100-200 … 300 or whatever loss
[Jul 11, 2010 9:20:08 PM EDT] InvestorsLive or maybe bigger depending
[Jul 11, 2010 9:20:12 PM EDT] InvestorsLive but if I have a plan going in
[Jul 11, 2010 9:20:24 PM EDT] InvestorsLive and it doesn’t go as plan.. I’ll just take it off
[Jul 11, 2010 9:20:26 PM EDT] InvestorsLive can always try again later
[Jul 11, 2010 9:20:36 PM EDT] InvestorsLive nah .. not sure about less than $5k
[Jul 11, 2010 9:24:45 PM EDT] InvestorsLive alrighty guys !
[Jul 11, 2010 9:24:58 PM EDT] InvestorsLive well lemme know if any other questions and as always can always send an email
[Jul 11, 2010 9:24:59 PM EDT] vin4356 Thanks for your time
[Jul 11, 2010 9:25:00 PM EDT] InvestorsLive or PM during days
[Jul 11, 2010 9:25:21 PM EDT] jp have a good night IL everyone “)
[Jul 11, 2010 9:25:24 PM EDT] jp 🙂
[Jul 11, 2010 9:25:37 PM EDT] jp time for some foooood
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