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  1. NoDoji

    Trader P/L 2008

    +$143 Left $$ all over the table with SHLD puts - aaaargh.
  2. NoDoji

    Channel Breakouts? am i doing this right?

    No I have no idea. I just select "full stochastic" from my Studies list. I recommend you put in some settings on your system and study the charts to see how well they signal.
  3. NoDoji

    Channel Breakouts? am i doing this right?

    Vingbel, I just choose "Full Stochastic" from my Etrade chart tools and it displays both lines.
  4. NoDoji

    Channel Breakouts? am i doing this right?

    What I've found is effective for intraday trading is to look for entry/exit points based on fast/slow stochastic crossovers at overbought and oversold points. For example, when the %K line reaches an extremely oversold point, then pivots and crosses the falling %D line on a 3-min chart, 80% of...
  5. NoDoji

    NoDoji's Day Trading Log

    - 18,060 Came back from an appt to find steel downgraded again, specifically STLD. I had a large option position (too large) and could not risk any more of it in this market. There was a point a while back when this position was near b/e and I did not feel good about the chart, yet I held...
  6. NoDoji

    Trader P/L 2008

    - 18,060 Steel downgraded again, specifically STLD. Had a large option position and could not risk any more of it in this market. :eek:
  7. NoDoji

    Channel Breakouts? am i doing this right?

    The great advantage of trading channel breakouts is that you get a lot of chart history to base your trade on. Trading at the open can be pretty risky. I've seen a company with a pre-market triple play earnings report (upside earnings, revenues and guidance) gap up at the open and immediately...
  8. NoDoji

    Channel Breakouts? am i doing this right?

    I would look at the whole intraday picture. Say the stock broke out to upside in the first 20 minutes, then reversed and moved down below the opening price until it consolidated during midday. In a case like that, it's quite possible it could break out to the upside again to test the opening...
  9. NoDoji

    Channel Breakouts? am i doing this right?

    A pretty common pattern for breaks out of consolidation intraday is whatever the overall trend was prior to consolidation will continue when the later day breakout or breakdown occurs. Two things can seriously break up this common trend: 1) an abrupt change in the overall market trend that's...
  10. NoDoji

    what time frame doyou day trade?

    I use a 3-min chart for entries and exits, and a 5- or 15-min chart for trend confirmation depending on the holding time frame. I also keep a daily 30-day visible for determining stronger S/R levels so I know how far people are willing to "reach" or "bail" before a reversal is likely to occur...
  11. NoDoji

    POT Doubles Buyback!

    Damn, I was choosing between POT and MOS for my IRAs and chose MOS :( Having grown up in the 60's and 70's I should've known POT was the way to go :p
  12. NoDoji

    B of A In Talks With LEHMAN!

    OMG! Say it isn't so! If Wachovia were to go down, then a Cramer prediction will have come true! :eek:
  13. NoDoji

    B of A In Talks With LEHMAN!

    As soon as you have a thought like that, cover. :D :D :D
  14. NoDoji

    Please explain what happened...

    I've found that quite often when you place your price at the ask, the ask immediately goes up. I always place my limit either just above the bid or under the ask. And if you really, really want into the trade, buy at market. I believe market makers sometimes entice people to chase a stock...
  15. NoDoji

    Aig

    Interesting, I was looking at adding CALM to my IRAs today, but thought I'd see if there'd be a dip below $30. Probably a nice short squeeze in the making now.
  16. NoDoji

    Trader P/L 2008

    + $223 Took SHLD put profits early. Off to an appt. Best of trading to all!
  17. NoDoji

    NoDoji's Day Trading Log

    + $280 I had PSS puts from last week I had forgotten about and the limit triggered for a $100 gain. Bought SHLD puts during the rally on some hedge fund manager being bullish on the stock. Bought V @ 67.99 on an oversold stochastic, but missed the selling pressure that was still on and...
  18. NoDoji

    Trader P/L 2008

    + $280 PSS puts I forgot I owned from last week triggered for a small gain. Traded V and bought some SHLD puts on the rally.
  19. NoDoji

    Weinstein Trading and Fading

    Bob, congrats on your month! That's amazing!
  20. NoDoji

    Trader P/L 2008

    No trading today, major computer problems.
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