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What is the reasoning behind this trade? Won't it take a while for APD to present their offer to the ARG shareholders? In the meantime, won't the price of the stock stay at least at $60 and the puts expire worthless? I know nothing about these kinds of things when an offer is made for a company...

Damn, just got back from my evening run and I have a plethora of simbucks on my short fade from 1105.75. Husband's whining at me now, "Why wasn't that in the live account?" :D

Robert, I SWEAR I didn't say anything to him about that! :p

Boosh! Glad you're alive and kickin'! Have you been trading?

+ $284 Just a couple trades early in the day and left $$ all over the table.

So you shorted a lower high in a narrow range. Makes sense. Or a long position in a narrow range makes sense too. Breakouts occur out of narrow ranges and that's what you're looking for. If you're short, your stop automatically goes in just above the high of range; if you're long, stop just...

DE did shoot thru the roof, but it was before the market opened. Gap up 4.00/share from yesterday's close. DE has almost no short interest so even though it opened with a wide gap, there wasn't enough fuel to propel it a whole lot higher. Compare it to WFMI, also good earnings and a 2.30...

Brian, print this out and say it out loud 10 times before you start your trading day.

LMAO! My husband is testing an ATS and wanted to lose a specific sum of money in sim. I told him to trade X. He discovered a fool-proof method of profiting with X: Try to LOSE money trading it. He's up over $1000 simbucks in just about 3 minutes trying to incur a loss.

Are you referring to the intraday trend or a larger overall trend?

Still only sim trading CL; I use a .20 cent stop and stopped out for the full loss only about once every 8 trades.

+ $892 Had a beautiful fade of X just .10 cents from the top. Then instead of patiently waiting for AAPL to properly set up, I chopped myself down over $150 trying early entries 3 times despite even thinking to myself, "This isn't set up yet." I then traded the ripe setup, took 75% of the...

When I was struggling over the summer, posting P/L's of $24, $97, $36 a day, then wiping it all out again, somebody directed me to this thread, where Szeven started posting: http://www.elitetrader.com/vb/showthread.php?s=&threadid=50472&perpage=6&highlight=trader%20p/l%202005&pagenumber=43...

Oh yeah, with 1000 shares, definitely leave half on with a stop near break even. Looks like you bought at oversold and since it was early in the day price did what it usually does and went right on up to overbought before pulling back from the falling 20-bar moving average.

Why not? RN's told me to "nut up" at least a few times :D

Yes it was. I was testing in sim to see what would happen if I had a pre-new bias and placed a stop order just outside the pre-news range. The volatility was insane, my single contract was filled, priced whipped and the P/L was immediately -$1128, then price reversed well into the direction of...

Still haven't traded CL live, but once had a stop trigger in sim with $1128 "slippage". Slippery stuff, that CL...

+$693 It was strictly for medical use :D

It was ET's chat room. Keep in mind though that just because someone makes live calls and makes money hand over fist doesn't mean you will if you were to trade the same stock at the same time. It also doesn't mean the person making the money hand over fist will continue to do so. Because the...

8- and 20-bar moving averages on 1-, 3-, and 5-min charts work great for me in capturing quick profitable moves with very limited exposure. I can ride a trend by getting in and out instead of risking a sudden sharp reversal and watching a profit stop out at break even. This is what works for...