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Total disaster today. Losses everywhere: RRI, PDG, TTWO, SKE. At least I took a 25c profits in IACI before it reversed. I really wonder if you guys are still looking at $1 profit target in this market... Here's a setup that perfectly failed. Probably shouldn't have gone against the daily trend.

Bad day. Almost every setup failed. Losses in WAG, MXIM, TIF, SAY, AMR. Made 30c in HUM.

BG and CMX today. Also booked some profits in GSK. Lost some in MXIM.

I've been trading dummies for only four days. I found 20c trailing stops on a 15 minutes chart is what I'm more confortable with but I guess that margin should be relative to the stock volatility. I've been trading mostly NYSE names so far.

Yea, KCI looked great. Didn't show up in my system. Today I was in DOW, PFG and GMR. Short DOW $46.01 bought $45.51 Long GMR $35.98 sold $35.81 Long PFG $49.07 sold $49.21 Playing WLP right now... long from $72.93... GO WLP!

I'm actually considering tight trend stops and *re-entering* the trade at the next consolidation breakup should the move continue in the same direction. There are just too many examples during these last three days where the trend reversal meant leaving money on the table. Was the case yesterday...

How can I set up an alert for intraday range contractions? Ideally I would like to filter for two consecutive 15 minutes inside bars. The consolidation filter does a similar job but it's not as specific in terms of inside bars.

Hopefully he learnt his lesson :D

True for that QQQ call, but then how do HFD and Timer Digest rate Brinker that way? BTW, this table gives a better overview of Brinker calls: http://www.investorshub.com/boards/board.asp?board_id=1832

Picture didn't go through in the previous post. Trying again...

Another what-not-to-do post. RTN, I got in this morning at $37.32 and of course I didn't survive the first shake-out. Was out at $37.26. Granted, the blue line trend was broken but had I followed the 8 bars SMA (I know, I know...). In facts this stock went through two different...

If you're looking for an objective way to rate his record, checkout Hulbert Financial Digest and Timer Digest.

Currently in DD on a 15 minutes chart. Bad trade this morning on SWN. Bad mistake going short on an uptrending stock + ascending triangle. Whipsaw in ALTR, AAI and RTN. Made 10c in NTES. Go DD!!

CAT shook me out when it broke the steepest trend line (highest brown line in the chart) at $49.98. In hindsight I should have waited for at least the 13 SMA (red line in the middle of the 13,2 BB) but not sure this is the best approach either.

Just going to whatever direction from the inside bar. IMO most important thing is the volatility shrinkage. This was on a 15 minutes charts. I think I'm going to avoid 5 minutes charts going forward. Also had some decent gains in CAT and CSE. CD still going...

Must be beginner luck. I hope the CD attachment works. Posted in real-time...

Phil Purcell package to leave Morgan Stanley after beating down the stock: $102M. Yep, you read it right: $102M to do the fine job.

Yes, I agree. HOV is the least worst of the trio. Maybe one day we should publish a list of specialists to avoid. It wouldn't take out any particuliar edge out of traders but just give a bad name to specialists who deserve it.

I can't agree more with Hydro. Try to play VLO, X, HOV and you'll realize the abuse. The only chance you have to trade these stocks is when our dude is overwhelmed with institutional order flow, in which case he probably won't care about chopping day traders in and out. But for the most part...

I agree with everything that has been said by Maverick, Steve and Don, just wanted to add that a large offer for a non short-exempt stock it's a different (and more obvious) game. That's because of two factors working together: uptick rule + psychology related to a falling stock. When a large...