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03/04/09 10:02 500 CEPH BUY 63.40 STOP 63.03 TGT 64.10

03/04/09: Wed morning: Almost the entire BIOTECH sector looks ready for a 1or2 day bounce. I will keep an eye on AMGN, CEPH, GENZ, CELG for intraday trades. The retail sector as a whole looks weak on daily charts, basing at the low COST SHLD......I'm also going to keep an eye on rally...

QT, You took the correct first step by putting a hold on trading(and losing). Alot of trades try to "revenge trade" and get back at the market....thinking the market is "out to break me". You took the next step by searching out some help to understand how the markets, and tradng, work. If...

Do you always use the same amount of contracts?

03/03/09: Total P/L -161.57 3 trades 1 win 2 losses SRS setup was a beauty, but with scottrade you can only trade it in 100 share lots , so I had to bump the max loss/reward down. Otherwise, it would have been a (very) small profitable day.

15:05 400 AAPL EXIT 89.72 P/L -226.47

bought the higher low on the 5 min chart

03/03/09: 14:55 400 AAPL BUY 90.25 STOP 89.75 TGT 91.25

12:50 1000 DIA EXIT 67.62 P/L -221.10 quick trade...too fast to post I was taking the higher low 5 min.

03/03/09: 12:48 1000 DIA BUY 67.82 STOP 67.62 TGT 68.22

10:59 100 SRS EXIT 94.95 P/L +286.00

03/03/09: 10:30 100 SRS BUY 91.95 STOP 90.65 TGT 94.80

03/03/09: Tues am: The daily charts are getting alittle oversold, but I'm still looking to short rallies. As for today I will keep an eye on RMBS and AMGN for the long side and will monitor the indexes on pure scalp mode in either direction....With the gap up there may be an early short...

Mike, she uses 3 min charts, you may have a different time frame up(poss 2min or 5 min)

03/02/09: 3 trades: 1 win 2 losses P/L -28.53

14:40 400 LMT EXIT 60.85 P/L -218.00

14:35 1000 AMGN EXIT 48.50 P/L +394.02

I almost took QID at 66.10 as a hedge against the 2 longs I have going ,but I think my ego got in the way....... Not good trading for noobs reading this: The market has a TON of pressure on it. I have 2 longs going. The QID sets up a 5 min buy 14:08. But I don't take the hedge because I...

trying to catch some of these oversold stocks, but the fear doesn't look over....:eek:

Playing the 5 min higher low after it retraced 100% of the last 5 min bottom. The daily chart is oversold and gapped down this a.m. into a prior support area.