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I would agree but only to a point. I think that most daytraders think that every day is a trading day, and that is where they screw themselves over. You need to trade when there is an opportunity, and have the discipline to just scratch yourself or something other then trade when there is not...

Knowing what stocks to look for and finding them often proves to be very difficult for traders. I tend to look at a few things. First of all for the stocks which have gapped up at the open and are holding above their open price. Generally if these gapping stocks do not fill in the first several...

[09:06] <brandon> 09:06:13 SCALP TRADE UPDATE: COST start looking to take the rest off in this move [09:06] <brandon> last trade 29.85

[08:57] <brandon> 08:57:45 SCALP TRADE UPDATE: COST be taking some profits into HOD in here. 29.74/75. [08:59] <brandon> 08:59:52 SCALP TRADE UPDATE: COST stops to 29.68 on the rest.

[08:33] <brandon> 08:33:04 SCALP TRADE: (Based on intraday setups. Hold = sev. min. - hr. Momentum trade. Exit at S&R or if it doesn't move quickly enough.) BUY SETUP COST Above 29.60. Trap Brandon Braks must occur by 5 to 8 cents. Brandon

POWI is forming a pretty nice base at the highs here. Has been in its own little world and is basing well. Look for trades above 22.02 as a buy scalp. Brandon

This is from a Private Message. Not posting who from etc, but the general sentiment I'm sure is shared by others, so I figured I might as well go over it. <i>I assume you are using the sponsorship and the message board as a means of promoting your services. Let me ask you something: Why...

Im still giving XLNX a little bit of room ( prints at 22.46 wil get me out) but as I look at the trade and the entries I have taken in it (both shown here) and the fact that I keep watching the thing, I think I need to get the idiot stamp out. Why? I dont really mind stopping out, thats...

Under meaning it should break by at least a few cents. Brandon

[12:26] <brandon> 12:26:10 DAY TRADE: (Based on daily and intraday setups. Hold = sev. min. to sev. hrs. Gen. Guide: Partials at S/R as risk zone is covered. B/E on rest until target at next S/R. Closed by EOD) SHORT SETUP XLNX under 22.36 with stops above 22.45

Here is the chart for XLNX http://www.tradingfrommainstreet.com/img/xlnx.gif

[11:22] <brandon> ok here is the five minute chart of the XLNX trade we took [11:22] <brandon> on the open it had a very strong gap [11:22] <brandon> but it could not hold it at all [11:22] <brandon> almost immediatly it showed weakness and started to fill it in [11:22] <brandon> it...

Today at the open OVER gapped down very sharply and set up one of the better types of gaps out there. I call them a trap, simply because a lot of people are trapped in the stock and when that happens they tend to act without much of a plan and panic. A trap occurs when a stock on the prior...

I have not seen them, and I have not spoken to Don for a few years, but I'm sure they are pretty good. I worked with Don in the "good old days" while we both where at another site. He is a class act, a good trader and generous in sharing too. Just my two cents. Brandon

Today was the first time in forever that I had more trades in the SP (3) then in stocks (2). The two stocks where gaps (NEM and OVER) +I did not alert OVER in the room, just had mentioned it as something to watch, one of our other moderators then alerted it so I did not, im not sure what the...

Attatched is the five minute chart of NEM from a trade that I gave in the chatroom today. [08:36] <brandon> 08:36:08 DAY TRADE: (Based on daily and intraday setups. Hold = sev. min. to sev. hrs. Gen. Guide: Partials at S/R as risk zone is covered. B/E on rest until target at next S/R. Closed...

I think the specifics are generally something that each person has to work out for themselves unless you are going to do a 100% mechanical approach. There are probably as many ways to be a successful trader as there are successful traders, and I really doubt anyone who just follows someone ever...

I have no idea what they do the next day. I'm looking on the day they occur. Also, Im looking at those that continue to hold their gap for the first several minutes of the day. Not just any stock with a gap. Brandon

The shorts definatly seem to be in vogue today. Right now though we are coming up to some support (60 minute chart at around 840 in the S&P) so I'm not feeling particularly aggressive either way. I had a trade today in NEM long from 27.50. My intial stop was under 27.35. The 15 minute 200 is...

Breakeven...ie to your entry. Brandon