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I'm not posting my calls today, but I'll post my blotter end of day.

I was looking at that too, Sal. I'm not posting my trades because I decided I need full focus trading live. I covered a short @ 85.86 because price already double bottomed after the news and appeared to have found support for the day at a slightly higher low. Is that a long signal or what? Did I...

Oh, sure, trackstar. Last night you're all "...after i posted this I am short again from .70, a bit of manning up on my part after typing that post. half position, no stop overnight, see yall in the morning!" But now that the trade's moved like a POINT in your favor you're all, "...stars are...

IMHO, using a hard stop loss forces you to master the fine art of pure technical trading, which usually results in consistent profitable trading. To trade profitably on a regular basis, you must have the odds in your favor and take all strong setups (picking and choosing from among your strong...

I've only sim traded AIG and that was only once, but I made $3000 in a very brief period of time on a breakout. I've seen it break out of narrow-range consolidation every now and then and decided today to place it on my watch. It appears to be an ATM machine on any break out of narrow range...

I agree 100%. In the past when I've used no stop or placed a huge disaster stop, it's because I really didn't have a strong technical setup; I was in state of sloppiness and uncertainty, and I'd THINK price was DUE to go a certain direction, and I figured why not get in now ("at least I'm...

I've been documenting this and it is in fact very, very true, and yet every time I'm in a trade I start overthinking, I want to grab profits quickly, I lose trust in what I've observed again and again. It's like a form of mental illness. :eek: I did have an instance recently where I had an...

I have no problem with getting stopped out with a small loss or at b/e because I can easily follow up with another trade. But if I used a mental stop or a very wide disaster stop and took a serious loss ($600-$1000) on a sudden rogue move (and CL is very capable of that), then psychologically...

Analysts should tell Hoenig to cover his damn losing short positions and BUY some damn stocks. He should have a look at X, which broke out to new 52-week highs today. X traded at nearly $200 in mid-2008 and their projected 2010 earnings are 1/32 their 2008 earnings, so this one's a real steel at...

Thanks, I thought NFLX initial run up off the open was a short squeeze/momentum play. It opened gap up yesterday, and gained almost 5 more pts to hit a new 52-week high. It already had a large short interest and likely had a lot of new counter-trend traders shorting it into yesterday's close...

511???

Yes, I want anyone's input, thank you. I know what you mean, I remember taking a CL breakout trade in sim, taking off half at +.08, the other half at +.30, then watching it immediately jump .30 before pulling back. It's tough to get out of defensive mode and into offensive mode. Do you often...

I agree, CL is a party animal. Careful, though, a real prankster, too. :D

EON, today you posted a trade: short 86.94 stop abv HOD adding at 87 Did this mean you would average down at 87.00, or that you would add to a winner at 86.87? If it's the first scenario, what factors contribute to that strategy? See, I've been trading CL in sim for months and many...

Something I did in sim that helped me was to trade breakouts, place a buy stop 1 tick above the high of the day (or 1 tick below the low if you're trading a breakout to the downside). Or go long when price is a few ticks from testing the high. Once you get that "liftoff" feeling a few times...

+$325 All trades done before the opening hour was over. ES pre-market trade, double-bottomed at my 3 pt target, no fill, so I took 2 pts, not wanting a repeat of last week. Saw NFLX hit the hi ticker at a price that seemed patently ridiculous. Shorted pullback from the double top...

Have to go stay with neighbor's son, likely won't be back until after Nymex closes, so good trading to all!

Yes it appears we've reached that "quickly grab what shows" time of day.

I remember seeing your posts on TL and thinking the same thing. I have very poor timing with interruptions, too. Just took a phone call from a neighbor needing help and then I missed the very nice re-entry point on the trade. Oy!

shorted @ .85, and stopped out b/e lickety split. Had $90 showing for a second there.