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COST gapping down, so will have to wait on that one to short. Will be keeping a VERY close eye on AMZN to short EARLY. Scottrade did not have shares to short a few weeks ago, but the branch office said there are some shares on the list (as of yesterday afternoon), so we'll see.

I think this is a HUGE point to make for newbies,so let me take a minute to go into it alittle deeper for whoever is following..... This is what I do: 1. At the end of the day print the chart of the stock or index you followed the most (SPY,DIA, DXD, QID,AAPL for me) in the time frame you...

ShinL, It's hard to give you an actual amount of time, but I'll break down a "normal" day for me: I follow the market from 9:30-10:30 pretty closely. although with the market stuck in limbo, I don't trade much the first 30 min. From 10:30-1:30 I check with the market every 10 min. or so...

2/03/09: One trade again today...was looking for a good long set up in the afternoon, but nothing gave me an entry. P/L +395.07 Daily scan for tomorrow I like an early short on AMZN (would be even better if it gapped up) SHORT WATCH: COST

Bottom of the 5 min bar is 63.43, +.05 for wiggle room: 63.38 looks about perfect IMO.

PRGO not shortable on Scottrade....was nice set up though.

10:45 1000 DIA EXIT 79.74 P/L +395.07

02/03/09 10:28 1000 DIA BUY 79.33 STOP 79.13 TGT 79.73 Market doesn't look that strong, just playing the higher low on the 5 min chart, we'll see what happens.

02?03/09 Will look for alittle bit of follow through to yesterday's move up, but I don't think it will be too strong. I still have a short bias, but wil let the market give me indications on which way to trade today. Still strictly in scalp mode (GEEZ scalp mode, which means no swing trading).

Quick daily chart scan for 02/03/09: LONG LIST: XLNX, FAST SHORT LIST: USO, RMBS On Watch: JNPR (maybe short wed/thurs.)

You go No-D.....Is that an Option play I see in there as well?? Do you use the same broker for both equities and option plays and if so do you actually trade them both out of the same account?

2/02/09: Well....my first day off of "real" work since Obama took office and my internet goes on the fritz!!!!(Actually Verizon working on my building, so at least I know WHY I was being bumped) I was looking to go long early this A.M., then let the day play out and see what happened-But...

Thanks for stopping by Lundy: Yes, the play is VERY similar looking on the 5 min charts. And you are 100% correct in that the stop should have been much tighter, but due to the fact that my internet has been going in and out all day, and "false" prints will stop you out on scottrade I put a...

14:26 500 DXD EXIT 64.44 P/L +389.10

2/02/09 13:50 500 DXD BUY 63.64 STOP 62.24 TGT 64.44

2/02/09: 11:10 am Just got internet up and running, starting to scan looking for a scalp short.

1/30/09: TOTAL: +673.50 Cut the QID short, was just a few min. til close Week ending 1/30/09 P/L: +1630.70 Month 1/09 P/L: +3681.43 YTD P/L: +3681.43 So far so good.......on to feb.

15:34 STOP moved to b/e (57.42) Due to near EOD.

1/30/09: 15:18 400 QID BUY 57.42 STOP 56.92 TGT 58.42