Search results

I always scale in and always scale out. If I get in and the trade goes in my favor I might add to it incrementaly 4 times. But if it goes against me then I get out. This works better on shorts than on longs.

Yup, I noticed Amex on the bid a few times with some decent size, kind of threw me for a loop.

dbphoenix, the best way to learn the odds is to "do it" i.e. gamble, trade, whatever. You have to differentiate between positive expectancy games (poker, sports, blackjack, trading) and negative expectancy games (roulette, slots, keno, craps). The house has an edge wherever you are. In...

Seanote, Nvidia trade is confusing. Long at 12.40 less .65 for call plus 1.50 for put = 13.25 cost to be called away at 10. So you think stock stays below 10 why not sellout the position at a loss? Or have you changed from net long to synthetic short for purposes of having a bullet...

dddooo, start out with the charts on a short term time frame. Find a method to initiate and exit trades. Pick one stock and watch it for a week. Notice who is selling who is buying in size. Look at time and sales together with level two - see if trades are going off on the bid or the ask -...

it doesn't suck if you are short

whenever I go on vacation, I land up watching CNBC and reading IBD/Journal since I miss the market. It is hard to really take a break from trading. Assuming you are having fun

tampa, you are doing what is known in the gambling lingo as steaming. Slow down, stay with one lots, work on your methods, analyze what went wrong. After one month of consecutive wins, go to 2 lots. Increase size slowly since the bigger the size the more stress. Take a day off from...

daniel m, you crack me up!

If I have a good day, I am done by 8:30 sometimes (pacific).

e-mini wannabe, I like the posts with the chart setups. Looks pretty good btw I think you will do great tight stops, bigger wins is the name of the game. Curious though since I don't trade minis, when it says 5,875 profit is that points or dollars? How much does it translate into in...

There was a little bit of panic selling in Cisco today. The stock dropped from 9.18 to 8.84 around 8am (11 Eastern). Doesn't usually move that quickly - also very fast market based on taking out important psychological lows (ten on friday then 9 today).

There is a site called Free Edgar which allows you to download the data into excel and then you can do whatever you want with it (build a model whatever)

I trade cisco all day everyday. I occasionally trade MSFT,KLAC,QLGC,QCOM,AMGN But 95% of my trades are Cisco. I trade on average 100,000 shares a day of Cisco.

Mr. Sub, good to see you are still there. I for one, would end my day and would always look for your journal to see how you are doing. Keep up the humor

when a stock drops below 5 the margin rate changes (goes up). So the ensuing margin calls will really whack the stock good.

still looking sick. Good thing we didn't guess that previous move. Notice how it never took out the ma. Notice two red candles lower than previous candles

Now the tape is looking a little better on the stock, It is very tempting to want to buy it here since Maybe this is the real break up through 10.30. However, it is too early since it is below the 5ma Notice though that the dow is turning positive now, nasdaq is already positive if momentum...

Gordon, Thank SE - he is the one that pointed this out to us

Now the stock is looking sicker than a dog. Good ole ma kept you out of trouble once again. BTW, cisco has negative news, is the only stock trading below it's open on my screen and is below it's daily 5ma since the open. Now many traders would buy it here for a bounce and based on where...