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Eldredge...as you can see, I don't know how to do those quotes either. To answer you question, which Don Bright started to do and which he is also correct is that the Specialist can not initiate, but only participate. These come in the form of "go along orders"..."participation...

Here is the last chart for tomorrow's play. I would day trade for a bounce at the 200 MA (on the 5 day 2 minute bar chart) and scalp around for .40 to .75 cent moves and keep from opening any swing trades. Then, if AMAT breaks the 200 MA on the 225 day chart, sell the first rally short (or buy...

Ray has the right idea here! Here are some more attachments. Take a look for reasoning behind the trade.

Come on guys, lets keep it content rich here! On that note...here is my closeout trade I made today on the semi call I made last week. Please go back to the prior posts to review the play and know I covered the trade today (I was long 60 March Puts, 10 of which I opened in my live trading...

New update on semi-play

The tuition reimbursement program from TerraNova completely reimburses the student, making the cost of the education free. We simply don't make money from the school since we reimburse. We offer the education because people need it, just as students from all endeavors learn by example from...

I will fix this tomorrow. They are word docs. I wrote this one for you Mike!

Tony, NICE! I hope the short side is correct for tomorrow. I'm Long 30 AMAT Puts. Checking out. Have a great night.:) :D

Candle, Absolutely...but how my friend?. I need direction … much direction. I tried and can't seem to get it right. I'll try tomorrow when my Net AD comes in. He is part Cyborg and has been Assimilated! Here is my overnight position by the way for those who have asked. I'm long AMAT...

Mike, Give my spelling, I'm going fast and fat fingering the keys

Mike s, Here is a chart, but the real value of the entry can't be put on the chart today. many times they are chart and formatio driven, but today was a viseral feel for the tape and the levels. But this should help. read the notes on the chart Mike, and read my earlier post where I state...

No...your right. I was totally on the wrong side of this market today...I admit it. I could have had my ass handed to me, but today was all about discipline. I shorted all the rally's because the formation I posted earlier on the H/S top of the semi's led me to believe the market was heavy...

Tony, What did you shoot. I'm in Phoenix at Troon march 6, 7, and 8. Want to go. We have 5, need one more with a hot wand and a good liver! Golf by day, poker at night. I know you have the liver...Looking forward to seeing you in NY as well!

Easyrider, Do you have a motorcycle? Its the same thing as trading. There are rules you follow during the set-up period. This is where you design the trade in terms of risk/reward. Like a nice road trip on the bike, you follow the rules its great, but a breakdown of them is...

here's part one

uptick2000...here is two attachments of the order book. these are all my trades for the day. I could not capture them all on one capture due to limitations with snag IT. Look at part and two. They overlap so you can follow easily with the time stamp and color. Hope this helps. It was a...

These post are actually good. They remind me of Friday (after the close) happy hour with our traders...its healthy. I will say, the ET offers a great venue to serve up charts, outlooks, and performance if one wants to. I am a student of this business and always will be. My dad started me out...

I sent the last post from another office computer so the user name defaaulted to the last user..."Mav" which is another office user, but the post is is from me. I hope this works, it may take time to download. If it does not work, send me an e-mail and we will send you a copy in the mail. :)

P&L is the doorway to emotions. It creates exuberance on high’s and fear on lows and takes away your objectivity.. remember, when you open a trade you know precisely where your exit and entry points are. P&L can hinder your conviction to stay with the winners, and keep you into losers with...

In my book "Rules of the Trade" I show three examples of the analysis. It is remarkable what you see, for example, a daytrader who is active and disciplined can have a win rate of only 51.6% and average only $93 profit per trade, but still net $68,000 for the month. This was one example I used...