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Chat Highlights From 5/13/2011

Pacific Time Zone

13:11:30 Brent right click on the chart then select "scaling". mess around with the options there and find one you like
13:07:23 Brent yes Eyes
13:04:53 Brent have a great weekend everyone, great job this week, see you Monday
13:01:24 Brent I always have a stop in of course. Then I just lower the shares on my stop order as my limits get filled
13:00:43 Brent it really helps to stick limit orders in up at your targets. Many times you will get a spike up and if your order is already there, you get filled
13:00:36 MKing later guys, have a great weekend
13:00:29 Kris See you all back here on Monday
13:00:18 Kris Everyone have a great weekend. Awesome job this week.
13:00:04 Brent I usually use limit orders on all my exits, except the last 1/4 or so I make it stop me out
12:58:19 Brent do you exit all your orders with stops?
12:57:50 Brent that’s 10c avg. that doesn't seem too far off, especially if you like to trade the hot ones
12:56:35 Brent slippage on your stops steve?
12:45:32 Brent nice stevemld
12:37:16 Brent take care Sprinterdc, great work
12:36:52 Brent I thought I saw earlier that steve said Tradestation had them gecko
12:35:58 Brent VRML new low, you still short that one stevemld?
12:33:29 MKing ok thanks
12:31:32 MKing what did you guys think are the best virtual practice trading accounts now? Think or Swim and someone said another company this week. Any ideas?
12:13:42 Brent good work Terry
12:11:42 MKing 15:03 EDT WFT Rumor: Weatherford moves following a conference cancellation
12:11:02 MKing WFT getting more interesting
12:10:06 Brent nice work
12:09:44 Brent after commissions Terry? lol
12:08:56 MKing WFT is a rumor, really tight profit potential to short it, probably waste of time
11:51:42 Kris Have a great weekend Lightning. See you Monday.
11:20:22 Kris I've been ahead and jumped out missing a much bigger gain and I've been behind and jumped out missing a chance to cut much of my loss.
11:19:03 Kris if you ever get stuck in a halt, first thing don't panic on the open, either way
11:14:28 MKing hey scalpman, where did you end up getting out of RMBS
10:46:10 Brent you too rokh
10:40:01 Brent take care Kojo, nice work
09:03:10 Kris confusion, overreaction, clarity, more overreaction
08:52:12 MKing rusty, on the AGQ, i think we should wait until Monday or even Tuesday to see what it does. i think silver could go to a lower low
08:51:10 MKing 11:46 EDT RMBS Federal appeals court posts ruling in Rambus vs. Micron case 11:43 EDT RMBS Rambus resumes trading after circuit breaker halt 11:41 EDT RMBS U.S. Appeals court issues ruling Rambus case against Micron, Hynix Reported by Bloomberg. 11:39 EDT RMBS Rambus trading halted, single-stock circuit breaker 11:38 EDT RMBS: Rambus halted for circuit breaker after spiking higher
08:49:42 MKing let me add this, when you make a real big mistake in trading, and before you build a big position, just think if you are wrong in a big way, you are going to giving up your last month's of profits and ask yourself, am I willing to work this hard for a month or more just to pay for a bad decision
08:47:43 MKing lol, you guys are too funny
08:47:11 MKing hey, can we change the subject now, this is painful
08:46:47 MKing well toptrade, i gave it to you
08:45:50 MKing new low of day on SP-500
08:45:20 MKing in fact, im not going to even comment on that stock, you guys are on your own on this one, lol
08:44:26 MKing i still hate that stock, RMBS, I wont trade it
08:43:49 MKing it was in 2000 and I was building a short position in RMBS, bullshort pattern. Stock kept moving up against me and I threw in the towel and covered the short around $110-112, lost around $150,000 on it. 6 weeks later the stock hits $35. So whatever mistakes you guys have made, I have made many more times.
08:41:08 MKing I have a funny story about RMBS, we don't work well together
08:39:18 MKing probably won another lawsuit, patent infringement, that’s usually what RMBS news is about. They spend more in legal bills than R & D
08:38:22 MKing RMBS alert
08:38:19 MKing watching RMBS
08:37:51 MKing did anyone get into the ERTS trade? its a real different technique, Kris is really good at this. Its a trending type of strategy
08:29:01 MKing nice tiktrder, very nice
08:28:54 MKing thanks scalpman, good eye, I like KRO for short on top of this bounce
08:27:03 MKing start scanning for long ideas. you know the drill. look for highly active stocks, preferably ones that have been bullish today and recently, maybe there is a dip to buy long.
08:23:00 MKing if anyone shorted WHR, good time to cover it here 86.50 area
08:22:38 MKing IF anyone shorted HOC, VECO and there was a 3rd one on a 2nd helping short, all worked out. SP 500 low of day now and we should get another round of buying, especially if indexes keep dropping first. So we should look around for longs again
08:21:27 MKing we cancelled the NUS trade idea yesterday Delhi, looks like a short now though, lol. i noticed when i lose patience on ideas, it usually works out anyhow, like the DE trade today, usually one a day i get impatient with
08:16:29 MKing sorry im missing so much the last week, so much back pain, really a problem, affecting performance
08:16:00 MKing that 2nd short on VECO should have been covered a minute ago.
08:07:59 MKing nice arkadiy, review all your trades and all the symbols we talked about later tonight, always review
08:07:40 Brent great work Arkadiy
08:07:32 MKing ok cover IL
08:07:14 MKing watching WHR, no hurry to short it
08:06:22 MKing if anyone shorted DNDN earlier, good time to cover here around 38.35 area
08:05:54 MKing maybe IL gets to 21.90 area
08:05:14 MKing ok, i think its going to bounce pretty soon, I'd cover most of it really soon. I can call the signal on it if you want
08:03:02 MKing anyone short IL?
08:02:55 MKing I don’t like ERTS as a short jsn13
07:53:39 Kris out all A short
07:49:35 Kris stop last 1/4 A short over 53.35
07:49:11 Kris out another 1/4 A short
07:42:16 MKing yes ron, IL shortable, sorry late response
07:39:19 MKing consider reducing or selling IL if you bought it long
07:37:44 MKing OXGN getting interesting as bullshort Delhi, would like to see close to $7 next week
07:35:59 MKing CRUS short stock, lost interest
07:35:44 MKing Couldn’t find shares of VRML. Anyone find any?
07:35:34 MKing as what kind of trade sarge?
07:33:50 Kris stop rest of A short over 53.57
07:31:38 Kris out half A short
07:29:04 MKing CRUS is buyout rumor, shortable soon
07:27:55 MKing watching CTRP for short , late
07:25:08 MKing i assume you guys are out of that BMTI long trade?
07:18:55 MKing consider reducing AGQ, Proshares Ultra Silver, 178.81 now
07:18:04 MKing this HOC idea is a 2nd helping but I didn’t post the first one, missed it
07:17:48 MKing HOC, Holly worth short, little late
07:17:22 MKing looking for $52.25 area as target for the VECO 2nd helping short
07:15:59 MKing right here on VECO
07:15:53 MKing consider VECO 2nd helping short,
07:15:29 MKing so much for losing patience with DE long,
07:13:47 MKing watching HCP for bottom
07:13:13 MKing watching BMTI for long scalp; higher risk
07:11:22 Kris watching OSK to break a new lod
07:11:16 MKing trending
07:11:08 MKing ERTS, Electronic Arts different kind of long candidate, should continue tending up
07:10:22 MKing the next cycle of ideas should focus on the long side or covering shorts. we should get similar action of buying later in session. you guys tend to forget these overall comments.
07:08:28 Kris A short second half, stop A over 54.07
07:08:22 MKing missed DNDN top but if rebounds to 38.72 again, would be worth small short
07:07:45 MKing watching GFA, Gafisa for potential long, keep it small size position
07:07:04 MKing cancel DE long idea, too slow, not moving
07:06:36 MKing consider closing TYC long here 51.10
07:05:26 Kris move down stop on SINA or cover last of SHORT here
07:05:10 MKing SO 500 low of day
07:03:44 MKing consider covering VECO short 52.05 area now
07:03:09 MKing consider covering CREE here 41.87
07:03:05 Kris stop OSK over 30.16
07:02:56 MKing VRML has 7.47 mil shares in the float so very volatile, high risk high reward technique, study Bullshorts first
07:02:49 Kris OSK short
07:02:29 Kris A short half position
07:02:12 Kris A short
07:01:56 MKing aggressive traders; VRML, Vermillion bullshort, worth very small opening short here
06:59:44 MKing look for $42 area to cover the CREE short
06:59:34 MKing VECo turning over
06:59:07 Kris watching GILD for a new hod
06:57:54 MKing watching TSN, Tyson for a bottom
06:57:47 Kris stop last 1/4 RIG long under 68.45
06:57:40 MKing cancel IL short idea
06:57:22 Kris out another 1/4 RIG long
06:56:46 MKing consider reducing TYC long
06:56:22 Kris stop rest RIG long under 68.27
06:56:19 MKing getting a rebound in the SP 500 so lifting stocks just slightly
06:56:05 Kris out half RIG long
06:55:49 MKing no sell signals yet in TYC
06:55:24 MKing IL shortable
06:55:08 MKing monitoring VECO for a shortable top at some point
06:54:51 Kris stop last GILD under 41.77
06:54:35 Kris out another 1/4 GILD long
06:54:08 MKing RIG toppy
06:52:26 Kris stop rest GILD under 41.67
06:52:13 Kris out half GILD long
06:51:29 Kris RIG long
06:51:04 MKing watching DE for bottom
06:50:45 Kris cover more SINA short here
06:49:02 MKing consider reducing TYC
06:48:35 MKing watch CREE for short on top of bounce
06:47:18 Brent tighten stop on TZOO, next target 73.50 area
06:47:14 Kris look for M long over 29.00 with strong volume
06:46:48 Brent consider reducing TZOO
06:46:31 Kris out all WLP long
06:45:57 MKing TYC bouncing
06:45:30 Kris WLP new hod
06:45:26 Kris stop last WLP under 80.94
06:44:55 Kris watch NVDA for a new low
06:43:35 MKing watching TYC for bottom
06:43:03 MKing watching YOKU
06:42:53 Brent tighten stop on TZOO if long, stalling needs to get going
06:42:23 Kris look to cover half SINA short here
06:41:57 Kris see if TEVA can break and hold 50.50
06:40:08 Kris SINA short
06:39:05 Kris stop GILD under 41.53
06:38:55 Kris GILD long
06:38:51 Brent watching TZOO
06:37:17 Kris stop rest NVDA over 19.07
06:37:05 Kris out half NVDA short
06:36:52 Kris stop last 1/4 WLP under 80.55
06:36:41 MKing BMTI probably too late, cancel
06:36:40 Kris out another 1/4 WLP long
06:36:33 MKing quick trade short for advanced trader: watching BMTI for short on top of this bounce, late to see
06:36:24 Kris TEVA long
06:34:47 MKing consider reducing AGQ long position
06:33:25 Kris stop rest WLP below 80.37
06:33:14 Kris out half WLP long
06:31:43 Kris NVDA short
06:31:22 Kris stop WLP below 79.86
06:30:44 Kris WLP long
06:24:48 Brent good morning everyone
06:22:39 MKing hi guys
06:19:32 Kris good morning traders
14:56:42 stevemld yes
14:55:31 stevemld Brent let me ask you. Yesterday I had 43 trades and cumulative slippage of $4.70. is that normal?
14:42:19 stevemld sorry Brent stepped away for a sec yes still short but I won’t swing it
14:38:43 PaulLin taking the tips from the Trading Room and watching the indicators according to the lessons... I made $376.50 so far... on paper
14:36:43 sprinterdc Mitch, Kris, Brent thank you all for the best week I have ever had with TSA, got to run now enjoy the weekend and cya Monday
14:34:31 ron I use optionsxpress it seems pretty basic...
14:32:04 kevin5 TradeStation is awesome
14:13:24 Terry I’m in training
14:12:51 Terry made 60 on that drop
13:52:33 Arkadiy Thank you all and have a wonderful weekend
12:37:19 Kojo all I am dropping off, nice day in the room made a good 1400 on the first wave of AGQ. Talk to you next week.
10:27:25 tikrtrdr first week live trading...made 3k yesterday,
10:23:10 ScalpMan all out WHR S thanks Mitch
10:07:19 Arkadiy first successful day $1,600.00 :) Thank you Mitch and everybody involved :)
09:27:02 rokh18 Thanks for IL swing trade, Mitch. Long at 20.84 today.
09:16:41 diadora I have DE long, thanks Mitch
08:47:17 gecko tyc nice one

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