[Sun Apr 26 17:00:35 EDT 2009] InvestorsLive Goooooooooooooooooooooooooooood evening guys and gals
[Sun Apr 26 17:00:51 EDT 2009] InvestorsLive we got a bunch of questions this time around so we are going to start with those, same format as always
[Sun Apr 26 17:01:07 EDT 2009] InvestorsLive once we get thru them we’ll open it up for further questions
[Sun Apr 26 17:01:29 EDT 2009] InvestorsLive after each question if it was your question that was asked … or if whatever was said brings up another question feel free to PM me
[Sun Apr 26 17:01:37 EDT 2009] InvestorsLive and while on same topic we can work on answering it
[Sun Apr 26 17:02:19 EDT 2009] InvestorsLive There was a few main topics that i wanted to go over to start because I’ve had quite a few PMs with individual’s with smaller accounts
[Sun Apr 26 17:02:31 EDT 2009] InvestorsLive that feel since their account is smaller
[Sun Apr 26 17:02:38 EDT 2009] InvestorsLive they should be playing cheap stocks .50 cents and belo
[Sun Apr 26 17:02:41 EDT 2009] InvestorsLive below*
[Sun Apr 26 17:02:58 EDT 2009] InvestorsLive because their thought process is its the best way to turn .50 cents into a buck +
[Sun Apr 26 17:03:27 EDT 2009] InvestorsLive so we’ve discussed before and Muddy can touch on it a bit if he’d like to add regarding price per share to pay attention to and %’s etc but
[Sun Apr 26 17:03:42 EDT 2009] InvestorsLive if your full time at work, and trading part time and hooked to these things they can be very deadly
[Sun Apr 26 17:03:49 EDT 2009] InvestorsLive if you don’t play them right
[Sun Apr 26 17:03:58 EDT 2009] InvestorsLive I always lock in a bunch right away as you saw even on RAD
[Sun Apr 26 17:04:16 EDT 2009] InvestorsLive I play less $$ in these than I do on a regular stock, they are fun buck plays
[Sun Apr 26 17:04:23 EDT 2009] InvestorsLive its all about the %’s
[Sun Apr 26 17:04:31 EDT 2009] InvestorsLive and if you’re in account building mode
[Sun Apr 26 17:04:44 EDT 2009] InvestorsLive your chance of making a good return is much higher sticking to things that have a real pattern
[Sun Apr 26 17:04:53 EDT 2009] InvestorsLive stocks $5-6+ or as Muddy would suggest $10+
[Sun Apr 26 17:05:39 EDT 2009] InvestorsLive many go in .30 .40 cent stocks with the same amount htey would on a larger stock whre you’re normal risk would be 1-2%
[Sun Apr 26 17:05:47 EDT 2009] Muddy imo..if a smaller acct and newer to trading it’s ok to do 25% in one stock,you almost have to if around $2000 in acct but you should be looking at the over $10 stocks,def not the real low ones around $3 and under
[Sun Apr 26 17:05:49 EDT 2009] InvestorsLive with these cheap stocks .03 to .05 cents can be a 10% move
[Sun Apr 26 17:06:18 EDT 2009] InvestorsLive so that was the first thing to go over regarding these cheap ones, especially if you are in account building mode
[Sun Apr 26 17:06:26 EDT 2009] InvestorsLive you’re not going to build it by holding these things day in and day out
[Sun Apr 26 17:07:26 EDT 2009] Muddy theres a bunch of over $10’s that have very good dayrange
[Sun Apr 26 17:09:10 EDT 2009] InvestorsLive Question: I would be interested in seeing some failed trades. What thinking was involved when the trade was entered, when doubt set in about trade, and when the decision was made to exit the trade at a loss. Basically an overview of several different failed trades. I tend to hold a bit too long and get out with a bigger loss then I should have on my failed trades. Seeing others reasoning for exiting failed trades would be helpful I think. Thanks.
[Sun Apr 26 17:09:29 EDT 2009] InvestorsLive I just so happened to prepare one
[Sun Apr 26 17:09:40 EDT 2009] InvestorsLive http://InvestorsLive.com/seminar/2/hst-short-reshort.png
[Sun Apr 26 17:10:01 EDT 2009] InvestorsLive as you know I havea bit of a different style than Muddy
[Sun Apr 26 17:10:06 EDT 2009] InvestorsLive and the chart matters to me a bit more
[Sun Apr 26 17:10:22 EDT 2009] InvestorsLive but to the same extend over/under and whole #’s matter just as much to both of us
[Sun Apr 26 17:10:46 EDT 2009] InvestorsLive I watch for sideways price action around these levels, $7, .25. .50 .75 etc
[Sun Apr 26 17:11:03 EDT 2009] InvestorsLive so HST I short $7 and covered $6.81
[Sun Apr 26 17:11:15 EDT 2009] InvestorsLive You’ll notice many MANY times I’m always a penny above
[Sun Apr 26 17:11:43 EDT 2009] InvestorsLive in trading you need an edge.. being .01 above gives you an edge IMO, juts like selling at 7.49 instead of 7.50
[Sun Apr 26 17:12:00 EDT 2009] InvestorsLive there’s a good chance it may ‘hit’ 7.50 but maybe doesn’t break it, so being .01 early gives u the benefit of the doubt
[Sun Apr 26 17:12:12 EDT 2009] InvestorsLive so as you’l see I was right the first time
[Sun Apr 26 17:12:35 EDT 2009] InvestorsLive i reshorted again, I didn’t put everything I said in chat, you can go back in the chat logs but
[Sun Apr 26 17:12:58 EDT 2009] InvestorsLive once it broke thru the top of the channel, and I realized its got some legs, and SPY (remember I watch SPY day in and day out) started picking up and running
[Sun Apr 26 17:13:09 EDT 2009] InvestorsLive I determined it’s best to be out
[Sun Apr 26 17:13:19 EDT 2009] InvestorsLive as you know we ended up going long on that break and short it back down for .50 cents later in the day
[Sun Apr 26 17:13:32 EDT 2009] InvestorsLive but thats exactly where I would/did take on a failed trade
[Sun Apr 26 17:13:54 EDT 2009] InvestorsLive same thing on the other end if I was buying at $7
[Sun Apr 26 17:14:00 EDT 2009] InvestorsLive and it couldn’t hold $7
[Sun Apr 26 17:14:07 EDT 2009] Muddy why i like trading around even marks
[Sun Apr 26 17:14:28 EDT 2009] Muddy cause if i long at say a 7 break at 7.10…
[Sun Apr 26 17:14:39 EDT 2009] Muddy my stop is in 6.90’s
[Sun Apr 26 17:14:52 EDT 2009] Muddy failed trade yes but very small lose
[Sun Apr 26 17:15:12 EDT 2009] InvestorsLive exactly
[Sun Apr 26 17:15:16 EDT 2009] InvestorsLive and to show that like Muddy said
[Sun Apr 26 17:15:18 EDT 2009] InvestorsLive on a long
[Sun Apr 26 17:15:28 EDT 2009] InvestorsLive DDR and CHRS
[Sun Apr 26 17:15:30 EDT 2009] InvestorsLive http://InvestorsLive.com/seminar/2/ddr_long.png
[Sun Apr 26 17:15:37 EDT 2009] Muddy it is so easy to set the mental and get out
[Sun Apr 26 17:15:37 EDT 2009] InvestorsLive http://InvestorsLive.com/seminar/2/chrs.png
[Sun Apr 26 17:15:44 EDT 2009] InvestorsLive take a look at DDR first
[Sun Apr 26 17:15:54 EDT 2009] Muddy many i’ll try again if we get a over/under/over
[Sun Apr 26 17:16:11 EDT 2009] Muddy and most go that 2nd cross
[Sun Apr 26 17:16:32 EDT 2009] Muddy so the 2% or so loss on 1st trade is wiped clean
[Sun Apr 26 17:16:48 EDT 2009] InvestorsLive I know its a broken record but yes, cutting losses is the most important part and I think the way Muddy/I do it by paying attention to these over/under marks its most benefitial because
[Sun Apr 26 17:16:58 EDT 2009] InvestorsLive it GIVES YOU your stop loss
[Sun Apr 26 17:17:06 EDT 2009] InvestorsLive you don’t have to guess where you might put one in
[Sun Apr 26 17:17:06 EDT 2009] Muddy yes
[Sun Apr 26 17:17:12 EDT 2009] Muddy right
[Sun Apr 26 17:17:14 EDT 2009] InvestorsLive if it breaks the trend…. why would you wnat to be in it?
[Sun Apr 26 17:17:25 EDT 2009] InvestorsLive so DDR
[Sun Apr 26 17:17:39 EDT 2009] InvestorsLive came outta the gate strong, normally earlier than I trade
[Sun Apr 26 17:17:51 EDT 2009] InvestorsLive but the market (SPY as I said I watch was extremely strong)
[Sun Apr 26 17:18:28 EDT 2009] InvestorsLive I wanted to hold DDR as long as $3 held, 2.98 was about .07 from my 3.055 entry
[Sun Apr 26 17:18:53 EDT 2009] InvestorsLive and comfortable especially being early I didn’t really want to wait to test 2.90
[Sun Apr 26 17:18:57 EDT 2009] InvestorsLive as things are volatile
[Sun Apr 26 17:19:11 EDT 2009] InvestorsLive so as you can see just like on a cover I’d cover HST for example 6.81…
[Sun Apr 26 17:19:15 EDT 2009] InvestorsLive I sell a penny below things as well
[Sun Apr 26 17:19:24 EDT 2009] InvestorsLive see the comment “going to take a few off 3.19”
[Sun Apr 26 17:19:40 EDT 2009] InvestorsLive same thing I beat the first physchological pt by 1 penny
[Sun Apr 26 17:19:55 EDT 2009] InvestorsLive http://InvestorsLive.com/seminar/2/chrs.png as I posted before
[Sun Apr 26 17:20:07 EDT 2009] InvestorsLive same thing sideways price action, my stop was about a dime below entry
[Sun Apr 26 17:20:41 EDT 2009] InvestorsLive good so far guys?
[Sun Apr 26 17:20:56 EDT 2009] InvestorsLive making sense etc
[Sun Apr 26 17:21:00 EDT 2009] wascold yes
[Sun Apr 26 17:21:04 EDT 2009] schistyakov yes
[Sun Apr 26 17:21:06 EDT 2009] Ace_Rockolla yep
[Sun Apr 26 17:21:10 EDT 2009] Chewy Thanks, very helpful
[Sun Apr 26 17:21:11 EDT 2009] Blz One question on CHRS stop: Why 2.95, just to give a little wiggle room under the 3 mark?
[Sun Apr 26 17:21:33 EDT 2009] InvestorsLive b/c it was sideways and tight for much longer
[Sun Apr 26 17:21:54 EDT 2009] InvestorsLive I think I was in a bit above .03
[Sun Apr 26 17:21:57 EDT 2009] InvestorsLive i mean 3.00
[Sun Apr 26 17:22:00 EDT 2009] InvestorsLive 3.05 ish or whatever it was a dime
[Sun Apr 26 17:22:34 EDT 2009] InvestorsLive so last thing that I had prepared for that question
[Sun Apr 26 17:22:42 EDT 2009] InvestorsLive well actually, it goes onto next
[Sun Apr 26 17:22:49 EDT 2009] InvestorsLive so any others on that question?
[Sun Apr 26 17:23:10 EDT 2009] InvestorsLive ok if so, just PM
[Sun Apr 26 17:23:11 EDT 2009] InvestorsLive next
[Sun Apr 26 17:23:18 EDT 2009] InvestorsLive Question: Being that stock activity moves very fast in early hours, what process do you go through to determine whether a stock is worth investing in, or not ,with expediency? Time is of the essence in making a decision at these hours. I tend to miss opportunities trying to look at too many things before I invest.
[Sun Apr 26 17:23:45 EDT 2009] InvestorsLive good question and I know we get it a lot
[Sun Apr 26 17:23:52 EDT 2009] InvestorsLive or at least I do in PM
[Sun Apr 26 17:23:55 EDT 2009] InvestorsLive here’s the thing about me
[Sun Apr 26 17:24:08 EDT 2009] InvestorsLive I scalp for the first 10-15 minutes sometimes or perhaps no trades at all, it all depends on what I’m feeling that day — and I’m not going to share scalps because by the time I post I could already be on the exit – for example you’ve seen me trade some BAC, FAZ, FAS pre market just for .10 or .20 cents in the AM if it spikes hard I may short for a quick correction, or if it tanks quickly I may purchase a few just to catch a quick correction/bounce. Normally never larger than 500 or 1000 shares.
[Sun Apr 26 17:24:25 EDT 2009] InvestorsLive Normally in the first 15 minutes of the day I’ll post tickers of interest and by mid morning I’m either ready to trade a few longs off breakout charts (sideways price action and they begin to perk up) or ready to short (based on sideways price action and starting to fade). I pay more attention to the volume on the long side
[Sun Apr 26 17:24:49 EDT 2009] InvestorsLive the first 15-30 minutes of the day is what I would call the “ticker gathering process”
[Sun Apr 26 17:24:58 EDT 2009] Muddy early i find the pre list very helpful…
[Sun Apr 26 17:24:58 EDT 2009] InvestorsLive I get my bait ready
[Sun Apr 26 17:25:39 EDT 2009] Muddy watching the pre trading highs/lows and the vol shifts
[Sun Apr 26 17:26:03 EDT 2009] Muddy i can gauge quite a few like that
[Sun Apr 26 17:27:14 EDT 2009] Muddy and the ones under $1,though if small acct you should stay away…many you can jump on when the pullback
[Sun Apr 26 17:27:34 EDT 2009] Muddy DSUP friday perfect example
[Sun Apr 26 17:27:50 EDT 2009] Muddy it fell off pre highs nice
[Sun Apr 26 17:28:11 EDT 2009] InvestorsLive Also
[Sun Apr 26 17:28:28 EDT 2009] InvestorsLive I know I include the charts in my scans
[Sun Apr 26 17:28:32 EDT 2009] InvestorsLive but here’s a few things I do
[Sun Apr 26 17:28:44 EDT 2009] InvestorsLive I take Muddy‘s list at night (chances are we’ll see some on the pre list b/c they are active)
[Sun Apr 26 17:28:47 EDT 2009] InvestorsLive and I chart them all
[Sun Apr 26 17:28:50 EDT 2009] InvestorsLive 3 – 6 month chart
[Sun Apr 26 17:28:53 EDT 2009] InvestorsLive also in the AM
[Sun Apr 26 17:28:57 EDT 2009] InvestorsLive I chart the Pre List
[Sun Apr 26 17:29:00 EDT 2009] Muddy DSUP opened about .25,pulled under .20
[Sun Apr 26 17:29:21 EDT 2009] Muddy pre high i saw was about .27
[Sun Apr 26 17:29:29 EDT 2009] Muddy flew it
[Sun Apr 26 17:29:44 EDT 2009] InvestorsLive it just gets you a visual of it so if it comes on our scan at_13:30AM takes 1/2 the guess work out b/c you already know you saw the chart, if it breaks $X.XX I’m interested, yes its right there let’s watch for the test etc
[Sun Apr 26 17:29:45 EDT 2009] Muddy hit .39 area
[Sun Apr 26 17:30:12 EDT 2009] InvestorsLive so some ask how to trade the pre list, that’s one good way
[Sun Apr 26 17:30:17 EDT 2009] InvestorsLive and it helps
[Sun Apr 26 17:30:31 EDT 2009] InvestorsLive b/c if you go back during the day many many times we play a LOT of the pre list
[Sun Apr 26 17:30:42 EDT 2009] Muddy this is why..and no offense but i dont gab pre…i study the action
[Sun Apr 26 17:31:00 EDT 2009] Muddy this is my crucial primetime
[Sun Apr 26 17:31:19 EDT 2009] Muddy to catch the 30-50 75%+ zoomers
[Sun Apr 26 17:31:33 EDT 2009] InvestorsLive exactly what Muddy said
[Sun Apr 26 17:31:35 EDT 2009] InvestorsLive I had prepared this
[Sun Apr 26 17:31:37 EDT 2009] InvestorsLive As far as missing them during the day, if I’m unfamiliar with the ticker I’m not just going to dive right in, most of my trades are based off watching them for a bit, getting an idea for how they trade, watching for sideways price action and playing off that support level.
[Sun Apr 26 17:31:52 EDT 2009] InvestorsLive same thing so unless anything more Muddy – we can go onto the next
[Sun Apr 26 17:32:12 EDT 2009] InvestorsLive do you guys have questions from that one?
[Sun Apr 26 17:32:22 EDT 2009] InvestorsLive the person whom submitted question, make sense?
[Sun Apr 26 17:32:27 EDT 2009] wascold Muddy, if it breaks the pre market high early that is a good sign for you?
[Sun Apr 26 17:33:21 EDT 2009] Muddy that 30 mins leading up to open i’m 110% focused on that pre list…i watch every move they make,i put up that list and watch their every move
[Sun Apr 26 17:33:45 EDT 2009] Muddy i see the vol pops…
[Sun Apr 26 17:33:52 EDT 2009] Muddy i see the dips…
[Sun Apr 26 17:34:11 EDT 2009] Muddy i see the late hits entering the leaders etc.
[Sun Apr 26 17:34:36 EDT 2009] CABeachBum Muddy, what are the parameters you have set up in IB for stocks to hit your pre-market high list? Any specific volume, price or % gain?
[Sun Apr 26 17:34:47 EDT 2009] Muddy i see ones on at 8:45 that drop off at after 9am…
[Sun Apr 26 17:35:07 EDT 2009] Muddy the reappear on list mins later
[Sun Apr 26 17:35:11 EDT 2009] Muddy all clues
[Sun Apr 26 17:36:20 EDT 2009] Muddy on a normal day i’ll use 1,000k vol on over $1’s with 6% up
[Sun Apr 26 17:36:51 EDT 2009] Muddy on under $1 i want say 2,000 vol and at least 10%
[Sun Apr 26 17:37:16 EDT 2009] Muddy if big futures up i adjust the % up
[Sun Apr 26 17:37:34 EDT 2009] Muddy to at least 10% on over 1’s
[Sun Apr 26 17:38:11 EDT 2009] Muddy on under 1’s i still do 10% cause they are way more sneaky
[Sun Apr 26 17:38:46 EDT 2009] InvestorsLive Question: I am curious if you know the answer to this question but when I watch the level 2s on a really cheap penny stock like lets say GTCB or even GNTA and there is a 100 share print. Who would be buying or selling 100 shares for a total of $35? The commission cost should make something like that not worth doing…so what is going on there?
[Sun Apr 26 17:38:57 EDT 2009] InvestorsLive First thing, GNTA comon!
[Sun Apr 26 17:39:00 EDT 2009] InvestorsLive no sub pennys
[Sun Apr 26 17:39:05 EDT 2009] InvestorsLive but secondly
[Sun Apr 26 17:39:25 EDT 2009] InvestorsLive it can mean anything, comission doesnt matter MM’s can be painting the tape
[Sun Apr 26 17:39:31 EDT 2009] InvestorsLive Market makers buy and sell 100, or others that want to paint the tape can be for many reasons, fool newbies into thinking its higher than it really is, paint the tape at close to get a certain closing price in their portfolio, screw up the chart etc
[Sun Apr 26 17:39:55 EDT 2009] Muddy imo,level2 is so easy to fake you out,especially on the low priced ones..
[Sun Apr 26 17:40:00 EDT 2009] lxman what is “paint the tape?”
[Sun Apr 26 17:40:10 EDT 2009] Muddy thats why i only use the qbox
[Sun Apr 26 17:40:15 EDT 2009] InvestorsLive level 2 is especially faked on OTCBB
[Sun Apr 26 17:40:21 EDT 2009] InvestorsLive promoters have access to MANY routes
[Sun Apr 26 17:40:37 EDT 2009] InvestorsLive you can essentially be looking at 5 or 10 market makers
[Sun Apr 26 17:40:41 EDT 2009] InvestorsLive but little do you know they are all the same person
[Sun Apr 26 17:40:59 EDT 2009] InvestorsLive so that’s why I would only trade OTCBBs with $100k + $$ volume in them
[Sun Apr 26 17:41:13 EDT 2009] InvestorsLive that limits your chances of falling into the trap
[Sun Apr 26 17:41:31 EDT 2009] Ryan What is qbox?
[Sun Apr 26 17:41:31 EDT 2009] InvestorsLive paint the tape is the name for the action I explained lxman
[Sun Apr 26 17:41:38 EDT 2009] InvestorsLive qbox is quotebox on Scottrade
[Sun Apr 26 17:42:34 EDT 2009] wascold Qbox something special Scottrade has?
[Sun Apr 26 17:42:45 EDT 2009] InvestorsLive no its just a quote box
[Sun Apr 26 17:42:54 EDT 2009] InvestorsLive shows vol shares price
[Sun Apr 26 17:42:55 EDT 2009] InvestorsLive etc
[Sun Apr 26 17:43:00 EDT 2009] InvestorsLive qbox = short hand for quote box
[Sun Apr 26 17:43:23 EDT 2009] InvestorsLive http://img405.imageshack.us/img405/2047/ufptnear52sdu9.jpg
[Sun Apr 26 17:43:27 EDT 2009] Laura Muddy doesn’t use level 2, but is quite adept at reading the action in the q box
[Sun Apr 26 17:43:50 EDT 2009] Laura Pics of q box on his blog, greenonthescreen.blogspot.com
[Sun Apr 26 17:44:08 EDT 2009] Laura few of the screenshots on the right side bar links show it
[Sun Apr 26 17:44:44 EDT 2009] Muddy got this q… For example, how to know DSUP will run up or down, do you wait for certain time after it opens, or what determines which direction to go?
[Sun Apr 26 17:44:53 EDT 2009] Laura And if a 100 share print of something bothers you on L2, you shouldn’t be using L2.
[Sun Apr 26 17:45:32 EDT 2009] Muddy because i study the pre PLUS know the patterns of tons of stocks…Fri Apr 24_09:27:18 EDT 2009] Muddy DSUP very well just fly out of gate,no matter how high open
[Sun Apr 26 17:45:52 EDT 2009] Muddy to me the pullback was a blessing to under .20
[Sun Apr 26 17:46:04 EDT 2009] Muddy know the patterns
[Sun Apr 26 17:46:28 EDT 2009] InvestorsLive Question: As someone under the EDT rule, how patient should you be with a stock that doesn’t seem to be going you’re way? I understand about setting stops and all but if you did some TA and think that when you longed a stock it will go higher but it seems many trades I make I buy at the high for that time period (after some momo). Most of the time I am right and I end up making the profit I was looking for but many times I could have waited a few more minutes to long and would have significant more profit. In a nut shell my question is what is the best way to determine an entry point on a momo?
[Sun Apr 26 17:47:21 EDT 2009] InvestorsLive well
[Sun Apr 26 17:47:30 EDT 2009] InvestorsLive easiest way is to lock some in
[Sun Apr 26 17:47:39 EDT 2009] InvestorsLive in my opinion,, that’s what I do
[Sun Apr 26 17:48:09 EDT 2009] Muddy that’s what CyGroup is for imo..so many just go dead that you are eaten up the dt’s
[Sun Apr 26 17:48:14 EDT 2009] InvestorsLive that way it gives you a chance to let it ride a bit longer, especially if past as shown that you’re pretty good at finding them
[Sun Apr 26 17:48:25 EDT 2009] InvestorsLive but yes, exactly
[Sun Apr 26 17:48:42 EDT 2009] InvestorsLive if EDT then yea its hard to be wrong
[Sun Apr 26 17:48:56 EDT 2009] Muddy to me under the EDT rule just puts handcuff on you
[Sun Apr 26 17:49:53 EDT 2009] Muddy with the great feedback we’ve gotten on Cy i think its definatly looking into
[Sun Apr 26 17:50:05 EDT 2009] InvestorsLive agree 30-35+ over there now
[Sun Apr 26 17:50:12 EDT 2009] InvestorsLive maybe more
[Sun Apr 26 17:50:41 EDT 2009] InvestorsLive Question: In chat , sometimes someone would mention the Lion pump on a certain stock. I goto the thelion.com and which area of the website would you find the pumping?
[Sun Apr 26 17:50:59 EDT 2009] InvestorsLive Answer: http://thelion.com/bin/forum.cgi?tf=wall_street_pit
[Sun Apr 26 17:51:02 EDT 2009] InvestorsLive most times
[Sun Apr 26 17:51:06 EDT 2009] InvestorsLive that’s the most active board
[Sun Apr 26 17:51:19 EDT 2009] InvestorsLive “Lionmaster” is the guy that many follow
[Sun Apr 26 17:51:27 EDT 2009] Muddy but again…if a smaller acct..just ignore lion
[Sun Apr 26 17:51:35 EDT 2009] InvestorsLive agreed
[Sun Apr 26 17:51:36 EDT 2009] Muddy and that type
[Sun Apr 26 17:51:44 EDT 2009] InvestorsLive if its a hot day in the market.. sometimes they carry
[Sun Apr 26 17:51:51 EDT 2009] InvestorsLive but like Friday they try to use sympathy
[Sun Apr 26 17:51:54 EDT 2009] InvestorsLive to create another winner
[Sun Apr 26 17:51:58 EDT 2009] InvestorsLive for example DDR was hot
[Sun Apr 26 17:52:02 EDT 2009] InvestorsLive had earnings opened big
[Sun Apr 26 17:52:10 EDT 2009] InvestorsLive BEE hadn’t moved
[Sun Apr 26 17:52:22 EDT 2009] InvestorsLive they tried to use sympathy from DDR and others that were hot in the same sector
[Sun Apr 26 17:52:39 EDT 2009] InvestorsLive sometimes great, sometimes duds
[Sun Apr 26 17:52:57 EDT 2009] InvestorsLive but it’s nice to know b/c if you’re in the stock and it starts spiking because of something unatural
[Sun Apr 26 17:53:05 EDT 2009] InvestorsLive such as this, its probably good to take advantage of the quick hype
[Sun Apr 26 17:53:13 EDT 2009] InvestorsLive and take some off at increased levels
[Sun Apr 26 17:53:32 EDT 2009] InvestorsLive Question: I think it would be helpful to have all of the stockfetcher scans posted so they could be copy and pasted over, and more insight into how Muddy tweaks these to get the best or the ones he is most interested in. Primarily the PRE scan.
[Sun Apr 26 17:53:55 EDT 2009] InvestorsLive http://www.investorsunderground.com/stock-fetcher-scans/
[Sun Apr 26 17:54:11 EDT 2009] InvestorsLive The Combo Scan – Muddy runs this only once a week for it changes very little day to day.
[Sun Apr 26 17:54:15 EDT 2009] InvestorsLive http://www.investorsunderground.com/2009/01/27/the-combo-scan/
[Sun Apr 26 17:54:54 EDT 2009] InvestorsLive TheRumpledOne – I think this is a modification of the RFR scan
[Sun Apr 26 17:54:56 EDT 2009] InvestorsLive http://www.investorsunderground.com/2009/01/27/therumpledone/
[Sun Apr 26 17:55:12 EDT 2009] InvestorsLive those are posted on the site already
[Sun Apr 26 17:55:25 EDT 2009] InvestorsLive also the other scans – Muddy/L if you have the Im gonna try post handy
[Sun Apr 26 17:55:36 EDT 2009] InvestorsLive you can link
[Sun Apr 26 17:55:44 EDT 2009] InvestorsLive but what I would suggest is.. if you are using StockFetcher
[Sun Apr 26 17:55:50 EDT 2009] InvestorsLive save these in your SF account
[Sun Apr 26 17:56:05 EDT 2009] InvestorsLive then you can just run them without needed to check back time and time again
[Sun Apr 26 17:56:21 EDT 2009] Laura all Muddy‘s scans here
[Sun Apr 26 17:56:22 EDT 2009] Laura http://greenonthescreen.blogspot.com/2008/06/im-gonna-try.html
[Sun Apr 26 17:56:34 EDT 2009] Laura and yes, agree, we need to get them on IU site
[Sun Apr 26 17:57:08 EDT 2009] Laura but if you don’t have them saved on your own SF account, then you aren’t running them yourself. Which is how you need to do them.
[Sun Apr 26 17:57:30 EDT 2009] InvestorsLive and many think pre list is a ‘scan’ being ran
[Sun Apr 26 17:57:42 EDT 2009] InvestorsLive I think as most of you saw earlier when Muddy explained
[Sun Apr 26 17:57:56 EDT 2009] InvestorsLive he shows how he ‘sorts’ the data provided premarket
[Sun Apr 26 17:58:10 EDT 2009] InvestorsLive which is where he finds the stocks for the pre list
[Sun Apr 26 17:58:13 EDT 2009] InvestorsLive again, cherry picked
[Sun Apr 26 17:59:43 EDT 2009] InvestorsLive any questions so far? making sense? comments etc?
[Sun Apr 26 17:59:48 EDT 2009] Muddy experiance on the former runners,nothing beats it imo…burn the symbols into to brain…run theses scans every weekend and or night…
[Sun Apr 26 18:00:11 EDT 2009] Muddy Fri Apr 24_11:33:40 EDT 2009] Muddy STKR sometimes oldie runner on .10
[Sun Apr 26 18:00:28 EDT 2009] Muddy honest,how many know STKR from past?
[Sun Apr 26 18:00:31 EDT 2009] Muddy i do
[Sun Apr 26 18:01:23 EDT 2009] Muddy i got a pull back and said i was in here…[Fri Apr 24_11:45:24 EDT 2009] Muddy dont follow me but taking shot on pull STKR at .08
[Sun Apr 26 18:01:54 EDT 2009] Muddy it doubled and more to .18
[Sun Apr 26 18:02:15 EDT 2009] Muddy just by working a little bit and knowing these kind
[Sun Apr 26 18:02:32 EDT 2009] Muddy i feel i have a huge edge over most folks
[Sun Apr 26 18:03:02 EDT 2009] Laura raises hand!! I know STKR, lol
[Sun Apr 26 18:03:20 EDT 2009] InvestorsLive and just like this, this is all part of it.. next time you see STKR.. MESA… NEXM…
[Sun Apr 26 18:03:21 EDT 2009] InvestorsLive etc
[Sun Apr 26 18:03:28 EDT 2009] InvestorsLive you’ll know.. you’ll remember
[Sun Apr 26 18:03:36 EDT 2009] InvestorsLive they start getting engraved
[Sun Apr 26 18:03:37 EDT 2009] Laura right, so as I told someone recently……….
[Sun Apr 26 18:03:47 EDT 2009] Alig8tr I missed a lot in the beginning not being to log in…but this is what we are having a problem with…the cherry picking ,the knowing the stocks from the past…from lack of time in trading…
[Sun Apr 26 18:03:49 EDT 2009] Laura Muddy can trade the hod/lod lists without scans
[Sun Apr 26 18:04:01 EDT 2009] Laura But the scans burn new symbols into his brain
[Sun Apr 26 18:04:02 EDT 2009] Alig8tr which is giving us a hard time at the right entry…
[Sun Apr 26 18:04:15 EDT 2009] InvestorsLive Alig I will re-post earlier stuff
[Sun Apr 26 18:04:19 EDT 2009] InvestorsLive when we went over entry/exit
[Sun Apr 26 18:04:21 EDT 2009] InvestorsLive after the seminar
[Sun Apr 26 18:04:30 EDT 2009] Alig8tr you guys know the right entries…from that experience…
[Sun Apr 26 18:04:47 EDT 2009] Alig8tr thanks…
[Sun Apr 26 18:05:09 EDT 2009] Alig8tr I will print and scan through them…
[Sun Apr 26 18:05:17 EDT 2009] InvestorsLive because as you’ll see its technical data for me as well vs. all former
[Sun Apr 26 18:05:31 EDT 2009] InvestorsLive in fact what I do you can apply to anything whether you know it or not
[Sun Apr 26 18:05:36 EDT 2009] InvestorsLive former comes into play when thinking
[Sun Apr 26 18:05:42 EDT 2009] InvestorsLive do I want to trade it .. or not
[Sun Apr 26 18:05:53 EDT 2009] InvestorsLive or .. will it have more legs? or is it usually a one leg and dump
[Sun Apr 26 18:05:54 EDT 2009] InvestorsLive etc
[Sun Apr 26 18:06:22 EDT 2009] InvestorsLive for example PEIX
[Sun Apr 26 18:06:26 EDT 2009] InvestorsLive first one that always comes to mind
[Sun Apr 26 18:06:32 EDT 2009] InvestorsLive I know its a 2 day runner every time
[Sun Apr 26 18:06:50 EDT 2009] InvestorsLive after that, forget it
[Sun Apr 26 18:07:05 EDT 2009] Alig8tr this is exactly what I mean.é..
[Sun Apr 26 18:07:11 EDT 2009] tv You know its going to run because of prelist?
[Sun Apr 26 18:07:17 EDT 2009] InvestorsLive no
[Sun Apr 26 18:07:32 EDT 2009] InvestorsLive prelist is just a cheat sheet to the active stocks for the day
[Sun Apr 26 18:07:34 EDT 2009] Alig8tr he know it runs because he knows that stock…
[Sun Apr 26 18:07:56 EDT 2009] tv so im guessing new hods
[Sun Apr 26 18:08:00 EDT 2009] InvestorsLive but Alig8tr as I said, it just aids to the process – doesn’t overtake it
[Sun Apr 26 18:08:21 EDT 2009] Alig8tr doen’t it addd to the confidence ??
[Sun Apr 26 18:08:30 EDT 2009] InvestorsLive it aids to the process
[Sun Apr 26 18:08:39 EDT 2009] InvestorsLive into helping u make a POTENTIAL better decision
[Sun Apr 26 18:08:45 EDT 2009] InvestorsLive or holding for that “next” leg
[Sun Apr 26 18:08:53 EDT 2009] InvestorsLive POTENTIALLY
[Sun Apr 26 18:08:59 EDT 2009] Alig8tr I trade FNM a lot…I know this stock..at least I think I do…and rarely loose money on it..
[Sun Apr 26 18:09:14 EDT 2009] InvestorsLive So going to the last question
[Sun Apr 26 18:09:19 EDT 2009] InvestorsLive Question: Would be nice to see some exit strategies from Muddy for the momo stocks, if he could give some real life examples and the reason behind it.
[Sun Apr 26 18:09:24 EDT 2009] InvestorsLive I think we kinda hit it earlier as well
[Sun Apr 26 18:09:32 EDT 2009] InvestorsLive both Muddy and I have tight on the downside
[Sun Apr 26 18:09:39 EDT 2009] InvestorsLive whole dollar marks
[Sun Apr 26 18:09:45 EDT 2009] InvestorsLive 1/2 1/4 dollra marks etc
[Sun Apr 26 18:09:49 EDT 2009] InvestorsLive over/under’s
[Sun Apr 26 18:10:07 EDT 2009] InvestorsLive but also Muddy can touch upon again, once he’s in a runner
[Sun Apr 26 18:10:18 EDT 2009] InvestorsLive his exit strategy , we’ve done it before but i think it’s helpful
[Sun Apr 26 18:10:22 EDT 2009] InvestorsLive i DONT have this patience
[Sun Apr 26 18:10:53 EDT 2009] Muddy the qbox too…get to know it..[Fri Apr 24_15:46:54 EDT 2009] Muddy NVAX hod 1.3…Fri Apr 24_15:50:47 EDT 2009] Muddy NVAX gearing up…ched called this way early but you could the wild flipping,the jig at 1.2
[Sun Apr 26 18:11:29 EDT 2009] InvestorsLive http://InvestorsLive.com/seminar/2/ruth_tos.png
[Sun Apr 26 18:11:31 EDT 2009] InvestorsLive RUTH
[Sun Apr 26 18:11:49 EDT 2009] InvestorsLive so RUTH hits HOD list
[Sun Apr 26 18:11:57 EDT 2009] InvestorsLive I made a white mark where I mentioned it first time
[Sun Apr 26 18:12:03 EDT 2009] InvestorsLive “Ticker gathering process”
[Sun Apr 26 18:12:09 EDT 2009] sabir8 Muddy, do you remember your exit on COIN Friday
[Sun Apr 26 18:12:11 EDT 2009] InvestorsLive double check, yes it moves well with DENN
[Sun Apr 26 18:12:22 EDT 2009] InvestorsLive DENN was breaking out
[Sun Apr 26 18:12:30 EDT 2009] InvestorsLive look at flatline on RUTH
[Sun Apr 26 18:12:53 EDT 2009] InvestorsLive so I said “longing RUTH” that $1.85 mark kept getting hit I think if you check logs I mentoioned about a seller
[Sun Apr 26 18:12:59 EDT 2009] InvestorsLive see the volume I highlighted below?
[Sun Apr 26 18:13:26 EDT 2009] InvestorsLive so there was 5k 20k etc that hit the offer, the seller was getting bought out only about 5k left on the offer
[Sun Apr 26 18:13:31 EDT 2009] InvestorsLive I follow the volume etc
[Sun Apr 26 18:13:37 EDT 2009] InvestorsLive so I went for it anticipating the break
[Sun Apr 26 18:13:46 EDT 2009] Muddy those hods tests when jig,the go 80% of the time…[Fri Apr 24_12:52:28 EDT 2009] Muddy NVAX test hod 1.2
[Sun Apr 26 18:14:25 EDT 2009] InvestorsLive and also check chat logs but Blz and like 4 others
[Sun Apr 26 18:14:36 EDT 2009] InvestorsLive took profits into that spike (most took half off)
[Sun Apr 26 18:14:41 EDT 2009] InvestorsLive I applaud that
[Sun Apr 26 18:14:53 EDT 2009] InvestorsLive Jen Golds I forget whom else
[Sun Apr 26 18:15:14 EDT 2009] InvestorsLive stock was in a tight channel and breaks out +.35 you might as well, worst case it goes higher and you have less… big deal
[Sun Apr 26 18:15:42 EDT 2009] InvestorsLive it takes a bit of the itchy finger away when it comes back down after the quick spike and you give it a chance
[Sun Apr 26 18:15:46 EDT 2009] InvestorsLive and as you know Friday it hit $3
[Sun Apr 26 18:16:09 EDT 2009] InvestorsLive Last chart
[Sun Apr 26 18:16:11 EDT 2009] InvestorsLive http://InvestorsLive.com/seminar/2/cof.png
[Sun Apr 26 18:16:37 EDT 2009] InvestorsLive COF I shorted 19.44 Friday
[Sun Apr 26 18:16:51 EDT 2009] InvestorsLive but the bigger point
[Sun Apr 26 18:16:58 EDT 2009] InvestorsLive http://InvestorsLive.com/seminar/2/cofpriceaction.png
[Sun Apr 26 18:17:06 EDT 2009] InvestorsLive you see see how the price action changes
[Sun Apr 26 18:17:28 EDT 2009] InvestorsLive starts sideways price action around 14:45
[Sun Apr 26 18:17:40 EDT 2009] InvestorsLive vs the prior half hour where it was steady up
[Sun Apr 26 18:17:48 EDT 2009] InvestorsLive so that that exact chart
[Sun Apr 26 18:17:53 EDT 2009] InvestorsLive apply it to the first 2 hours of the day
[Sun Apr 26 18:18:00 EDT 2009] InvestorsLive I gather 4-6 tickers of interest
[Sun Apr 26 18:18:12 EDT 2009] InvestorsLive that are off HOD all day in AM
[Sun Apr 26 18:18:39 EDT 2009] InvestorsLive once they start sideways and/or creating lower lows I watch them see where they base
[Sun Apr 26 18:18:43 EDT 2009] InvestorsLive many times they’ll start to base
[Sun Apr 26 18:19:00 EDT 2009] InvestorsLive I lied, one more chart
[Sun Apr 26 18:19:01 EDT 2009] InvestorsLive http://InvestorsLive.com/seminar/2/tinshort.png
[Sun Apr 26 18:19:08 EDT 2009] InvestorsLive TIN perfect example of this point
[Sun Apr 26 18:19:24 EDT 2009] InvestorsLive see the run up, HODs all morning – I watch starts sideways action
[Sun Apr 26 18:19:34 EDT 2009] InvestorsLive then see_14:30 to_15:15
[Sun Apr 26 18:19:45 EDT 2009] InvestorsLive 11.20 forms base?
[Sun Apr 26 18:20:07 EDT 2009] InvestorsLive thats exactly what I try to find on all those tickers
[Sun Apr 26 18:20:19 EDT 2009] InvestorsLive what is their near term base
[Sun Apr 26 18:20:30 EDT 2009] InvestorsLive and when they break it.. OR if market (SPY) starts cracking down
[Sun Apr 26 18:20:34 EDT 2009] Muddy TIN an over $10,great example of range with these
[Sun Apr 26 18:20:35 EDT 2009] InvestorsLive that’s when I short
[Sun Apr 26 18:21:04 EDT 2009] InvestorsLive I know Derf and Dennis are big fade-stalkers now, and schistyakov has been playing many lately
[Sun Apr 26 18:21:08 EDT 2009] InvestorsLive does this paint a better picture?
[Sun Apr 26 18:21:12 EDT 2009] InvestorsLive on the “fade stalking”
[Sun Apr 26 18:21:15 EDT 2009] InvestorsLive “watching for fade”
[Sun Apr 26 18:21:22 EDT 2009] InvestorsLive any questions/comments confusion?
[Sun Apr 26 18:21:35 EDT 2009] Alig8tr but you ALWAYS tell us NOT to short on HOD…
[Sun Apr 26 18:21:44 EDT 2009] InvestorsLive exactly
[Sun Apr 26 18:21:48 EDT 2009] InvestorsLive let it play out
[Sun Apr 26 18:22:03 EDT 2009] Muddy ASH another over $10
[Sun Apr 26 18:22:30 EDT 2009] InvestorsLive Alig8tr – perfect example on TIN chart I just posted
[Sun Apr 26 18:22:33 EDT 2009] Alig8tr so 10 minutes of fading is enough,at times,to make a descision on shorting the stock?
[Sun Apr 26 18:22:34 EDT 2009] InvestorsLive of waiting for it
[Sun Apr 26 18:22:37 EDT 2009] InvestorsLive not shorting HOD etc
[Sun Apr 26 18:22:48 EDT 2009] schistyakov IL, I always appreciate when in the afternoon you give a list of what you are stalking for shorts, helps us to concentrate on the right tickers. Fades have been by far the most successful type of trades for me
[Sun Apr 26 18:22:51 EDT 2009] Muddy Alig8…i want at least 3% off hod or not interested in shorting
[Sun Apr 26 18:23:03 EDT 2009] InvestorsLive its not an immediate fade I look for Alig8 its the sideways price action I just explained
[Sun Apr 26 18:23:13 EDT 2009] InvestorsLive exactly schistyakov
[Sun Apr 26 18:23:15 EDT 2009] Muddy and i dont chart much but do for R on these
[Sun Apr 26 18:23:16 EDT 2009] Alig8tr ok….
[Sun Apr 26 18:23:17 EDT 2009] InvestorsLive that’s why I do it
[Sun Apr 26 18:23:28 EDT 2009] Muddy if break R its pretty safe
[Sun Apr 26 18:23:50 EDT 2009] Muddy but again those are only maybe 5% gains
[Sun Apr 26 18:23:58 EDT 2009] Alig8tr and in that particular chart…the resistance is ?
[Sun Apr 26 18:24:05 EDT 2009] Muddy not the big ones but if smaller acct
[Sun Apr 26 18:24:14 EDT 2009] Muddy thats the way to build it
[Sun Apr 26 18:24:30 EDT 2009] Muddy i’ve said many times…
[Sun Apr 26 18:24:44 EDT 2009] Muddy i use the last 3 candles on 5 min chart
[Sun Apr 26 18:24:56 EDT 2009] Muddy the high/low
[Sun Apr 26 18:25:06 EDT 2009] Muddy for R and S
[Sun Apr 26 18:26:08 EDT 2009] Muddy (Apr 26-21:23) Muddy: if break R its pretty safe…sorry meant S for short not R
[Sun Apr 26 18:26:10 EDT 2009] Alig8tr ok…
[Sun Apr 26 18:26:13 EDT 2009] InvestorsLive Here is another example of a GREAT GREAT GREAT fade
[Sun Apr 26 18:26:15 EDT 2009] InvestorsLive which I missed
[Sun Apr 26 18:26:17 EDT 2009] InvestorsLive http://InvestorsLive.com/seminar/2/wgov.png
[Sun Apr 26 18:26:20 EDT 2009] InvestorsLive Muddy was all over it
[Sun Apr 26 18:26:31 EDT 2009] InvestorsLive but_14:15 to 12PM
[Sun Apr 26 18:26:36 EDT 2009] InvestorsLive see the sideways price action?
[Sun Apr 26 18:26:46 EDT 2009] Alig8tr so most of your profits come from shorting right?
[Sun Apr 26 18:26:47 EDT 2009] tv so you use the last 3 candles on a 5 min chart for breach of support?
[Sun Apr 26 18:26:48 EDT 2009] InvestorsLive no brainer
[Sun Apr 26 18:27:03 EDT 2009] Muddy sideways is what to want in that S/R range
[Sun Apr 26 18:27:08 EDT 2009] Muddy then the break
[Sun Apr 26 18:27:21 EDT 2009] Muddy you got 3,5 min candles…
[Sun Apr 26 18:27:26 EDT 2009] Muddy 15 mins
[Sun Apr 26 18:28:15 EDT 2009] tv sounds good to me
[Sun Apr 26 18:28:23 EDT 2009] tv will check it out next week
[Sun Apr 26 18:29:23 EDT 2009] tv i usually watch sideways action and if it breaches 1penny i short with a tight stop but this is at even dollar marks and is usually at the 5-8$ range
[Sun Apr 26 18:29:48 EDT 2009] InvestorsLive right tv…
[Sun Apr 26 18:29:53 EDT 2009] InvestorsLive and one thing that aids me.. but as you can see
[Sun Apr 26 18:29:57 EDT 2009] InvestorsLive Muddy could care less about is the market
[Sun Apr 26 18:29:57 EDT 2009] Muddy i explained this to toefur in our 1 on 1 meetup…if toefur is watching..has it worked?
[Sun Apr 26 18:29:57 EDT 2009] tv i find the even dollar numbers to be the magic numbers most of the time
[Sun Apr 26 18:30:09 EDT 2009] InvestorsLive so its just what works for YOU
[Sun Apr 26 18:30:20 EDT 2009] Muddy right,i just want volatility
[Sun Apr 26 18:30:25 EDT 2009] InvestorsLive I use SPY as a guage, sometimes I will jump hte gun on a short if sideways price action sand SPY starts tanking
[Sun Apr 26 18:30:28 EDT 2009] InvestorsLive gives me an ‘edge’ again
[Sun Apr 26 18:30:52 EDT 2009] toefur absolutely. 5 out of 6x usually
[Sun Apr 26 18:30:52 EDT 2009] InvestorsLive and also as I PMed with some1 this week, don’t want every tick on SPY
[Sun Apr 26 18:30:56 EDT 2009] InvestorsLive that’s not what I use it for
[Sun Apr 26 18:30:57 EDT 2009] InvestorsLive at all
[Sun Apr 26 18:30:59 EDT 2009] Alig8tr so as I said…most of your profits come from short position not long…
[Sun Apr 26 18:31:07 EDT 2009] InvestorsLive I just use it as a cheat sheet as to what’s going on in hte over all mkt
[Sun Apr 26 18:31:14 EDT 2009] InvestorsLive its right next to FAS/FAZ/BAC/SPY
[Sun Apr 26 18:31:19 EDT 2009] tv yea i find this works better for me because sometimes i tend to chase the stocks that are at like .76 or .55 the even dollar forces me to be more selective
[Sun Apr 26 18:31:24 EDT 2009] InvestorsLive I replaced BAC with COF Friday
[Sun Apr 26 18:31:27 EDT 2009] Muddy 5/6 a great %
[Sun Apr 26 18:31:38 EDT 2009] InvestorsLive The charts I posted tonight: http://InvestorsLive.com/seminar/2/
[Sun Apr 26 18:31:52 EDT 2009] toefur i couldnt ask for more!
[Sun Apr 26 18:32:08 EDT 2009] InvestorsLive (Apr 26-21:30) Alig8tr: so as I said…most of your profits come from short position not long…
[Sun Apr 26 18:32:10 EDT 2009] InvestorsLive if it was to me
[Sun Apr 26 18:32:13 EDT 2009] Muddy my longs are bread and butter now for me…80%+
[Sun Apr 26 18:32:14 EDT 2009] InvestorsLive yes I love shorting
[Sun Apr 26 18:32:14 EDT 2009] Laura you can buy us dinner next time Toe!
[Sun Apr 26 18:32:15 EDT 2009] InvestorsLive much better at it
[Sun Apr 26 18:32:15 EDT 2009] Laura hehe
[Sun Apr 26 18:32:27 EDT 2009] InvestorsLive but that doesn’t mean I don’t play long, I do quite often
[Sun Apr 26 18:32:29 EDT 2009] Muddy so many breakouts now
[Sun Apr 26 18:32:31 EDT 2009] toefur sure thing!
[Sun Apr 26 18:32:34 EDT 2009] InvestorsLive but my big hits are usually on the s/s side
[Sun Apr 26 18:32:39 EDT 2009] InvestorsLive just better at it
[Sun Apr 26 18:32:41 EDT 2009] wascold Muddy, just to be clear, where did you short WGOV?
[Sun Apr 26 18:33:16 EDT 2009] InvestorsLive 1 sec Muddy ill check logs
[Sun Apr 26 18:33:21 EDT 2009] InvestorsLive i forget hte day
[Sun Apr 26 18:33:25 EDT 2009] InvestorsLive but u had it high
[Sun Apr 26 18:33:27 EDT 2009] InvestorsLive it was from pre
[Sun Apr 26 18:33:57 EDT 2009] InvestorsLive [Thu Apr 23_10:14:27 EDT 2009] Muddy WGOV 19 hit
[Sun Apr 26 18:34:01 EDT 2009] Muddy ok WGOV was a short on the fail on 19 hold cause…
[Sun Apr 26 18:34:08 EDT 2009] InvestorsLive [Thu Apr 23_10:14:48 EDT 2009] InvestorsLive wow WGOV. this was just $10 ha
[Sun Apr 26 18:34:11 EDT 2009] InvestorsLive [Thu Apr 23_13:12:27 EDT 2009] Muddy WGOV 18 from 19 hod,pre
[Sun Apr 26 18:34:12 EDT 2009] InvestorsLive etc
[Sun Apr 26 18:34:13 EDT 2009] Muddy again in pre i saw it falling
[Sun Apr 26 18:34:44 EDT 2009] tv oh by the way IL i must say that before you told me about spy i would watch the dow and i find the spy much much more helpful to base my shorts off than the dow i appreciate it very much
[Sun Apr 26 18:34:45 EDT 2009] wascold ok , I was looking at Friday chart, was a bit confused
[Sun Apr 26 18:35:08 EDT 2009] InvestorsLive I graduated from watching QQQQ tv
[Sun Apr 26 18:35:18 EDT 2009] InvestorsLive found SPY much more useful as well
[Sun Apr 26 18:35:29 EDT 2009] pjt6970 l
[Sun Apr 26 18:35:51 EDT 2009] InvestorsLive Any more questions regarding the charts? fades entry/exits points of interest etc?
[Sun Apr 26 18:36:03 EDT 2009] InvestorsLive in my mind those charts glue together a lot of open questions
[Sun Apr 26 18:36:09 EDT 2009] InvestorsLive I know charts always help me
[Sun Apr 26 18:36:44 EDT 2009] levain when it is said the 10 crossing the 60 is this the SMA or EMA?
[Sun Apr 26 18:36:49 EDT 2009] InvestorsLive they had internet issue coming right back
[Sun Apr 26 18:37:35 EDT 2009] tv lol i looked at my performance chart and i think see a double bottom hopefully i can go into the green and break out
[Sun Apr 26 18:37:38 EDT 2009] InvestorsLive Any1 who uses 10 crossing 60 that can help
[Sun Apr 26 18:37:42 EDT 2009] InvestorsLive I’m assuming its the 60 min
[Sun Apr 26 18:37:47 EDT 2009] Muddy on a gap like that the odds are that it will revert to pre lows…but you have to take profit
[Sun Apr 26 18:37:47 EDT 2009] InvestorsLive 10 minute crossing 60 minute
[Sun Apr 26 18:37:57 EDT 2009] tv i draw trend lines on my covestor chart lol
[Sun Apr 26 18:38:02 EDT 2009] Muddy cause they bounce sometimes
[Sun Apr 26 18:38:15 EDT 2009] Muddy don’t waste a 5% gain
[Sun Apr 26 18:38:30 EDT 2009] Muddy this is another over $10 stock
[Sun Apr 26 18:38:53 EDT 2009] Muddy you can build you acct with these much safer
[Sun Apr 26 18:39:06 EDT 2009] Muddy take the easy 3
[Sun Apr 26 18:39:21 EDT 2009] Muddy % ones,time after time
[Sun Apr 26 18:39:26 EDT 2009] Muddy but
[Sun Apr 26 18:39:39 EDT 2009] Muddy if under EDT rule,it stinks
[Sun Apr 26 18:40:11 EDT 2009] Muddy that is why i’d do all i could to get over on that EDT rule
[Sun Apr 26 18:41:04 EDT 2009] Muddy if it meant living frugal awhile,IF your serious about doing this..then so be it
[Sun Apr 26 18:41:36 EDT 2009] InvestorsLive one other thing that I just was PMing some1 about
[Sun Apr 26 18:41:43 EDT 2009] InvestorsLive don’t always think .10 is the best stop
[Sun Apr 26 18:41:52 EDT 2009] InvestorsLive cuz that can stop u out very fast on some stocks
[Sun Apr 26 18:41:59 EDT 2009] InvestorsLive I think about it as my risk, what I wnat my risk to be
[Sun Apr 26 18:42:12 EDT 2009] InvestorsLive I’m quick in math, so depending on the shares I can easily detemrine ok
[Sun Apr 26 18:42:17 EDT 2009] InvestorsLive $100-150 bucks
[Sun Apr 26 18:42:26 EDT 2009] InvestorsLive max loss I really want to take
[Sun Apr 26 18:42:41 EDT 2009] InvestorsLive if its a $20 dollar stock and moving thin up $3 bucks on day
[Sun Apr 26 18:42:51 EDT 2009] InvestorsLive I’m not going to play 1k shares, I’ll prob start with 300
[Sun Apr 26 18:42:57 EDT 2009] InvestorsLive and add if right and get teh break down
[Sun Apr 26 18:43:03 EDT 2009] InvestorsLive so with that
[Sun Apr 26 18:43:09 EDT 2009] InvestorsLive I may let it breath .25 cents the wrong way
[Sun Apr 26 18:43:18 EDT 2009] InvestorsLive cuz its only about $80 bucks
[Sun Apr 26 18:43:23 EDT 2009] InvestorsLive it all depends
[Sun Apr 26 18:44:36 EDT 2009] InvestorsLive Any other questions tonight?
[Sun Apr 26 18:45:11 EDT 2009] Alig8tr I will read throught he begining and ask question tomorow AH…
[Sun Apr 26 18:45:20 EDT 2009] wascold Thanks very much- great session
[Sun Apr 26 18:45:46 EDT 2009] InvestorsLive See what happens when we get a bunch of good questions? even if they are repeats many have the same questions and just don’t ask
[Sun Apr 26 18:45:49 EDT 2009] InvestorsLive but we’ll never know
[Sun Apr 26 18:45:59 EDT 2009] Alig8tr but what I see the most is “the knowing as many stock as possible” through scaning is the BEST tool there is…
[Sun Apr 26 18:46:04 EDT 2009] InvestorsLive levain – it is the 10 min/60 min cross
[Sun Apr 26 18:46:07 EDT 2009] InvestorsLive the answer to ur question
[Sun Apr 26 18:46:09 EDT 2009] levain Thanks ::beer
[Sun Apr 26 18:47:07 EDT 2009] Alig8tr time and patience is the way to succes…
[Sun Apr 26 18:48:16 EDT 2009] mammamia13 Tomorrow the following are reporting :AAN,BIDU,CHKP,QCOM,XL, SOHU
[Sun Apr 26 18:48:27 EDT 2009] mammamia13 woops wrong window
[Sun Apr 26 18:48:57 EDT 2009] Muddy you need to run the important scans..over and over and over,imo…you get the feel for a certain few
[Sun Apr 26 18:49:08 EDT 2009] Muddy and it builds up over time
[Sun Apr 26 18:50:11 EDT 2009] Alig8tr and this is why I pay you guys to have alerts and get the feel for it while I learn all this…
[Sun Apr 26 18:50:12 EDT 2009] Muddy i’ve run the high dayranger scan every weekend for years..plus the 8% gainers almost 10 years every day
[Sun Apr 26 18:50:32 EDT 2009] Alig8tr lololo
[Sun Apr 26 18:50:54 EDT 2009] Muddy again please no offense but….
[Sun Apr 26 18:51:12 EDT 2009] Alig8tr and don’t get me wrong…I appreciate the learning I get here…
[Sun Apr 26 18:51:14 EDT 2009] Muddy a/h when folks discussing market conditions…
[Sun Apr 26 18:51:31 EDT 2009] Muddy i’m running and charting those scans
[Sun Apr 26 18:51:36 EDT 2009] Muddy its what i do
[Sun Apr 26 18:52:04 EDT 2009] Muddy i want an edge on 95% of folks..
[Sun Apr 26 18:52:11 EDT 2009] Muddy and feel i have it
[Sun Apr 26 18:52:18 EDT 2009] InvestorsLive Alig8tr the other thing too regarding what Muddy is saying
[Sun Apr 26 18:52:26 EDT 2009] InvestorsLive after you actually run the scans…
[Sun Apr 26 18:52:26 EDT 2009] Alig8tr you sure have it over me!!!hahahahahah!!!!
[Sun Apr 26 18:52:33 EDT 2009] InvestorsLive and/or chart them all
[Sun Apr 26 18:52:37 EDT 2009] InvestorsLive and/or remember them all
[Sun Apr 26 18:52:40 EDT 2009] InvestorsLive etc etc
[Sun Apr 26 18:52:51 EDT 2009] InvestorsLive the alerts will become more and more useful
[Sun Apr 26 18:52:56 EDT 2009] InvestorsLive more so than they are now
[Sun Apr 26 18:53:01 EDT 2009] Muddy the other thing is confidence
[Sun Apr 26 18:53:01 EDT 2009] InvestorsLive they will take on a new level
[Sun Apr 26 18:53:19 EDT 2009] Muddy its like a hot pitcher in baseball
[Sun Apr 26 18:53:29 EDT 2009] Muddy you know you are zoning
[Sun Apr 26 18:53:37 EDT 2009] Alig8tr yes I am starting to see that,if I read about a stock the night before,my descision is a LOT easier to make…
[Sun Apr 26 18:54:12 EDT 2009] Muddy i never go into a day not thinking i’m not gonna score nice…never…i can’t wait
[Sun Apr 26 18:54:47 EDT 2009] InvestorsLive or ray allen when he shoots three’s
[Sun Apr 26 18:55:18 EDT 2009] InvestorsLive just glad they brought it home to boston for us to win it here 🙂
[Sun Apr 26 18:55:41 EDT 2009] Muddy watch..tomorrow in pre,there’ll be something hot,one we don’t have a clue about tonught…
[Sun Apr 26 18:55:42 EDT 2009] t.pak IL you mean Ben Gordon
[Sun Apr 26 18:55:56 EDT 2009] Muddy but odds are i will know that stock…
[Sun Apr 26 18:56:20 EDT 2009] Muddy and by watching pre action,i’ll know my game plan
[Sun Apr 26 18:56:45 EDT 2009] Muddy by 9:30 i know what i want to look for
[Sun Apr 26 18:56:54 EDT 2009] pathan786 Muddy – Do you only recall the tickers and their past runs – or also try to remember their names, sectors etc for all for them
[Sun Apr 26 18:58:52 EDT 2009] Muddy both yes…sectors very important
[Sun Apr 26 18:59:08 EDT 2009] Muddy i know the lower floats in the sectors
[Sun Apr 26 18:59:26 EDT 2009] Muddy i’d rather trade those if sector running
0 Comments