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9:41 BUY +1 X 100 APR 08 125 PUT @.80 LMT PHLX X was trading just under 146. I had to buy a cheap option because I don't have much DTBP. So this will be a short term trade since the theta is so high.

Shorting X tomorrow.

If you are new to trading you are better off paper trading for a bit. Practice trading and save up some more money. $50 in unrealistic. You would have to make 4% a day to get that much after comish. The comish is going to make it hard for you to win short-term trading because it is a...

2:20 BUY +1 BMC 100 AUG 08 35 CALL @1.30 LMT PHLX SELL -1 BMC 100 AUG 08 35 CALL MKT GTC WHEN BMC MARK AT OR BELOW 30.75

1:27 - BUY +1 BMC 100 APR 08 30 CALL @1.55 LMT NYSE BSC trading around 31.08. Around 30.92 looks like support. Stopping out at 30.85 Edit: Briefly hit 30.85 and got stopped out. Should have had a looser stop. Might renter later

BUY +1 AET 100 MAY 08:45 CALL @1.25 LMT NYSE. stop loss: SELL -1 AET 100 MAY 08 45 CALL MKT GTC WHEN AET MARK AT OR BELOW 41.50 Got in a bit earlier on that one. USO gapped up too much. Waiting for WB to pull back more. At 27.68 now. Going to class. Here's the order for WB BUY...

Didn't have much time for charts this weekend. Setups I might play tomorrow. Just trading 1 option for now. 1. WB- If it comes down a bit and holds the short-trend line I'll buy a call and look for an exit around the 50-day SMA. 2. AET- Trading in a nice range. If it doesn't gap...

If not I'll probably just TOS a call and hopefully it will come out within a few releases

yeah i used to do that, but creating large watchlists takes so much time in prophet and can only have 150 symbols per list. Occasionally I just like to look all the stocks in the S&P500 for potential setups. I used to use prophet charts exclusively, but I've found TOS charts to be so much...

Has anyone found a good way to easily and quickly go through a lot of charts with TOS? Right now I just detach a quote tab, remove everything except the symbol and "send to red" and move it off to the side and then click down the list. Anyone know a way to just arrow keys to scroll through...

Thanks for insight. That is really how I'm trying to view it now. Just a sniper hiding in a tree, waiting for the perfect shot. And not having to shoot unless I see exactly what I want. That's how I should have been viewing the markets all along. I trade for myself and don't need to trade...

This makes sense if you can accurately call bottoms. But maybe some people think the market is going to turn

Sweet! Thanks for the recommendation bro! I totally forgot to mention in my post that I was looking to buy a new book about trading. Thanks for reminding me and giving me that AWESOME recommendation!!! And, like, the book has a SH!TTON of 5 STAR reviews on Amazon! Nearly all of them are...

:D Things like BSC just remind you how important diversification and risk management, even on small time frames. Puts are cheap protections. You should check out this bloomberg piece http://www.bloomberg.com/apps/news?pid=20601109&refer=exclusive&sid=aHfkhe8.C._8 The part I found...

I found his book worthless. It was all mostly filler of page after page of the same style of trades. Nothing in the books helps anyone develop as a trader, it's just pre-made strategies that probably would have killed you in the past couple of months. Nearly all the strategies are indicator...

I've never been good with keeping a journal in the past. Even if people don't read this journal, the fact that they can is a motivation for me to keep it updated. Some background, I'm 19 and trade a small account. I'm mostly a swing trader doing technical analysis and chart reading and I...

Since october buying a 7% up move on the XLF move would have blown up your account. In terms of risk/reward the best time to add a position on the long side is after a big down move. You're doing the opposite. Congrats on the 8%. Take the profits. Remember the last 400 point move? Did...

April fools?

Why not just buy a couple million in gold futures with a stop at 1mil down? Even if gold only hits, say, 1250. The risk/reward seems better than just saying "if it closes at 1649" i'm down a million. Seems like a publicity stunt

Ok, I'm just watching spot prices, which are going lower now