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If you messed up the open, you are dead, such is the condition of today's game and I was completely shut down. I am happy about the damage control but my four games winning streak came to an end and I must rebuild my momentum. +165 before commissions, -172 after, 12000 shares on 6 of 9...

On a side note: I wasn't aware of the private message feature and I realized I have quite a few unanswered messages from a while ago, I have never ignored a request so if you have any questions please send them to te_bai@hotmail.com. My apologiy if I seemed to "ignored" anyone . . .

Light day but there were a tons of opportunities. Today was in many ways a watered-down version of the Monday after the WTC attack. The insurance sector was extremely playable in the morning, silky smooth bullet opportunities, and defense stocks were great longs. Throw in the energy stocks...

It is not often that you can get a positive start while having the direction dead wrong. Last two day's I went very short off the open when the market ran and today I chose not to do any bullets and market sold off hard. 3600 shares on 2 of 5 shooting, +572 before commissions, +487 after, no...

Because going for larger swings = larger stops. No one goes for larger swings on every trade, most of the trades turns into scalps with a few turns into swings.

Large size, large swings, lol :-)

Magna: When I say 9:30 I really mean after the market opens, and when I say strength I really mean "it is going up". No the indexes didn't open at 9:30, they opened at 9:32 or so and BTK was up CRA was flat hence I took a small position to test the water.

Sorry about the lack of response on your questions. IvyLeague: I *may* work under a senior trader for a few months, nothing is written in stone yet as she has to prove to me what she can offer, as there has been some misunderstandings across the board. As for trading desk deals, it has to...

The fills! This morning I had two huge bullets up and ended up using none. The BID was taken out literally as I clicked on SELL and I failed to score a huge day. That said, I am still hoping that I have turned the corner that this will be a winning streak in the making. 5700 shares on 4 of 9...

Opened the day with four bullets and for a moment I thought I was going to be blown out. Fortunately I quickly regained my senses and went long and finished with a solid game. It is so important to be in the rthyme, had I been on a winning streak this would have been a much bigger game...

NVR: 60 cents per ticket, 1 cent per share, $12 bullet ticket 2.8 cent per share bullet cost, 94% payout. Obviously as you grow in experience you will get better rates.

So right . . . yet so wrong, this is going to be a very very memorable game for a long time. I was expecting the classic financial rally, rate cut then sell-off . . . I was the expecting the 1-2-1 move after the announcement. Yet as the day progressed it was obvious that the financials will...

Barely squeezed out a win for the opener, $10 to be exact but it is hard to complain after all 3 of my bullets turned out to be crap off the open. 15800 shares of 6 of 13 shooting, +570 before commissions, +10 after :-( I am at home as I am writing this journal so the trades may not be...

Fohat: This was a comment from around the same time last year, I have no plan to trade Nasdaq any time soon. Dozu: Every single market, there are winners, and there are losers. For many people I know, September was a great, great month. Even for myself, it could have...

This October (20th to be exact) will mark my one year anniversary at this firm. From here on I will provide one flash back journal entry each month, from one year ago. On one hand, it helps A LOT to look back at those journals and see how far I have came, so when I am struggling, I can...

God bless America, as no amount of words can express my utmost sympathy toward the innocent victims of the attack, my ultimate respect toward the heroic fire fighters and emergency workers, my deepest hatred toward the vicious terrorists. 9-1-1 was a day that none of us will ever forget...

Thanks for the explaination. Will look into those for sure . . .

Definitely helps to narrow the focus, easy day as I fully expected a rally today. 3900 shares on 2 of 4 shooting, +935 before commissions, +848 after commissions, no bullets. Finished with 1K this month, MCD money, stay tuned for October thread. Pre-Market: Retail downgrades, I saw a great...

Sniper: A few questions, none of those stocks seem to be down yesterday so those don't seem to be text book examples, not to mention a few of those had raising volume . . . Do you trade those often? I thought those are a bit prematured, look at GILD 8/22 - 8/27, 4 up days in a...

Magna: An example would be PGR with yesterday's high, it looked somewhat weak off the open and IUX was coming in, I shorted it and got hit pretty hard. Another example would be DOX with last a couple of day's low, I bottom picked it but got out as soon as I "smelled" the danger...