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I want what he's trading :D :D :D

1R, in reviewing my day I am very pleased to have not lost money, and have tossed aside my regrets about missing CLF's second entry, as it could just as easily have dropped back to 98 :eek: July 28: Wanted to climb CLF this morning since they were trading on their lower end; used 1-min...

Eked out a profit: +409 The gory details can be found on my journal later (NoDoji Day Trading Log) :p

I watched POT's charts for three months before I decided to trade it. The patience paid off because by the time I traded it, it had experienced several pullbacks and rallies to new highs, and had hit its 52-week high. By that point I had a good instinct for traders' reactions to its various...

GG, I started trading in Feb and heard about the hot ag sector. I looked at the stocks and thought "They've run up way too high and they're way too expensive." Missed the 50% following run.

That's exactly what I do for overnight shorting, buy puts. Regarding the "insiders selling like mad" input: I've seen that 3 times before earnings in the past 2 months and the stocks tank unbelievably on the earnings miss (check out the gap downs on LNN, ANAD and CPHD, all had multiple insiders...

It's easy as pie to cut a loss quickly when you're paper trading. Can you toss your ego aside and do that with your real money on the line after you've made what you were sure was a good trading decision? Then when the pain's too much and you bail and blew half your account, how fast will you...

I see. You can still do a lot with a $2000 account. I recently grew my son's $1400 account to $2800 in a couple months with very low priced stocks (JASO, AHR, CDS) and 1-contract option plays.

Wayne, I am simply scared to hold shorts overnight for that reason. More commonly a stock drops and becomes "oversold" causing and ANALyst to upgrade the stock from a neutral to strong buy. Not worth the heartache IMHO.

I think CF, MOS and POT correlate with each other because they are ALL fundamentally sound and keep reporting triple play earnings quarter after quarter. CF has the lowest P/E by far and is a bit less volatile.

The chart is downtrending and appears to be shortable when the next rally stalls (which looks to be soon based on the trend), but I'd be careful because they report earnings on 7/30 and anything can happen.

Neke, nice job this week! Thanks for keeping me up all night before POT earnings I was unaware of :D What ever compelled you to go to meeting with a trade in play on a gapped down stock without a stop in place? This market has not been giving back much on gapped down stocks!

Hi Greg, AAPL options are so liquid and the bid/ask so tight (usually .05-.10 cents) you can day trade them based on the chart action (and news action) of the underlying. The liquidity allows you to safely place a stop without much slippage, which lets you determine your max loss in advance...

I traded my first stock about 5 months ago, then focused on swing trades and options. I learned a ton via the school of hard knocks and hours of self-education and chart study. I paper traded some day trading strategies for 3 weeks or so and last week decided to actively day trade. I've been...

Yeah, know that feeling well the first time I traded BIDU yesterday :cool:

Here's my 2-week gains off POT (calls) and CF (stock), all long trades + $10K.

BLOTTER, BLOTTER! :D

Bad timing on shorts ate some profits, but all's well that ends green :cool: Have a good weekend all! Day: +972 Week: +2871

Jim, I'm not yet at risk to blow 95% of my principal because I haven't used more than 15% of my DT margin yet :cool:

HFJ, At what point do you consider a day trader successful? I started very actively day trading last Monday and have had 9 out of 10 profitable days. I traded mainly options and swing trades over the past 5 months, learning a lot of hard lessons along the way. I keep saying I'll give it till the...