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Ditto what Greendog said. There are times when trading breakouts is probably the most profitable way to go, but this month Market Volatility has been very low. On Linda Rashkes homepage she has a Compression Meter (www.lbrcapital.com) and that has gone now "(44 days with no reading above 60 is...

[12:22] <brandon> QLGC traders should be taking 2/3 off. Stops to b/e on the balance. Look to hold into the close. Trading 43.52

For me a lot less then say 4 or 5 years ago. When I first started if the day was up ($$ wise for me) it was a wonderful day no matter what. If the day was down ($$ wise for me) no matter what else occured it was horrible. Now I can make or lose pretty much any amount and that does not effect me...

Anyone else notice how much your moods and attitude seem to have an effect on the results of your trading. Two great examples from this week. Yesterday I was certain I would have a great day. I was so excited for the open I could barely sleep the night before. As it turns out I had my 4th best...

[11:21] <Brandon> keep an eye on QLGC under 43.93 11:21] <Brandon> stops above 44.05 [11:21] <Brandon> very nice 5 minute bear flag [11:22] <Brandon> one of the weakest stocks in the market

[10:55] <Brandon> basically successful trading is about doing the same thing over and over and over again [10:55] <Brandon> until you are so bored of it you could cry [10:55] <Brandon> then doing it some more [10:55] <Brandon> what I like to focus on for the most part are gaps [10:55]...

adrx

That is a great analogy. I would add one thing. I think trading is like putting in $20 to be able to turn the handle five times and get $10 back each time. Now, over time each $20 you put in is in fact worth $50, but sometimes you spin and get $0. Sometimes you might even spin 5, 10, maybe even...

Moving stops to 22.38. B

Entries from 40/45. Taking gains off in here on half. will hodl the rest with b/e stop with a target of closing it into the close of the market. 26 . Brandon

[13:11] <brandon> BRCM has a nice 120 minute bear flag [13:11] <Toni> brb [13:11] <brandon> good shorting opty in here

chart

maybe a trend morning :p Brandon

You probably would have, but as anyone who is in the room can attest I very rarely give buys or sells into numbers, but when I do I am right almost all the time. It only happens 8 or 9 times a year though. Brandon

Well, given that the setups are above/below the prior days high/low BRCM is the only long trade that did setup (The Gap in CHINA nullified it). So, I would say fairly well. ET would be a lot better of a place if people knew what someone was doing before they started the slams and acting like...

I would agree for the most part. Its like driving. Sometimes you are in a place with nice scenery, and that is great. But excitment comes from driving fast on a mountain road, and thats probably not the best plan you ever came up with. Brandon

09:00] <Brandon> aggressive traders could short the NQ in here This was about 20/30 seconds before the numbers came out. We where trading 80.5. To me it was fairly obvious that no matter what the numbers would be, the market was not going to respond well. Brandon

:D

Well we did not get the gap, but we have seen a pretty wide range in the first 20 minutes of the day to the downside. This is very often something seen for a trend day. Brandon

The only thing I see right now that is of concern, which would say NO TREND DAY TODAY is that we are getting a very small gap. A typical TD will start off with a large gap, but we will see, we still do have the other criteria in place. Brandon