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tape reading is rather easy it just takes a lot of time. You need to just see all the time and sales over and over again. When you see big prints do they follow the prices? Are they a step down seller? or a step up buyer? Does the specialist like to trade though size? When you...

I've never had trouble getting stock for shorts/ bullets. I ended up covering PPD for a small loss. Didn't make anything on my opening orders this morning but only got one fill --actually I made .02 so I scratched it I started playing with some of my screens and first alert...

Looked at my scans and they look like cr*p. Nothing golden so not executing anything. I'd love to short PPD but market isn't red and don't want to fight market. Going to play with envelopes or run some volume plays today instead quick edit market turned negative so...

the watchlist......... Short side ACE BBT LZB MIL PPD Long side YCC DJT (don't expect this to go over 1.9 so not much here) Robert Tharp

On OO there have been cases where a trader has accidently used the previous day's data due to Redi not updating it's prices and this so called trader found himself down $50,000 in less than 2 minutes. So yeah I'm a little more cautious. It's why you MUST double check all of your data for OO...

On Opening Orders I do enough but not anything automated. I was filled on over 12 today and when all I see is RED on my P&L I quickly got out as fast as I could. NOrmally I would have 2-4 which I can handle. It turns out had I held for 2 more minutes I would have made 10x what I...

Watchlist for tomorrow NOt much on my scans :( I'm looking at Short list AH must be below 24.4 and PPD 24.3 My target for PPD will be about 23. PrePaid Legal looks rather interesting on a chart. It's had multiple days up in a row and a huge run up...

There is no magic level to place a stop. What works today will soon have a lot of others to start using that area when enough people use the same level it will no longer work. Robert Tharp

words of advice Think as each trade as a guaranteed loser. There are so many forces working against you. Your stop is a way of protecting your capital. The market has to prove your "edge" was right. Taking this attitude in your trades is better than thinking you are always right...

Today's trades. Well today was my first losing day all month. The gap this morning threw me out of whack. I picked about 4 from my short list but nothing really followed through and fell hard. So took a small loss for the day. It happens every once and awhile. The key is to then...

I now live in Arizona but still own my condo in Solana Beach (San Diego) and will move back there. I made a committment with Echo to help get the Phoenix office really running well and will follow through before I leave. I suck at golf but plan on taking some lessons Robert

Splitting capital evenly?? Remember I have 20 to 1 margin?? No way. I keep my risk to what I'm comfortable with. So I started this system with 100 shares than 300 500 ..800 and have stayed around 1000 for awhile. On what I do with rest of my day well since I'm Echo's...

Adding to a position today would have killed you. I'll post my trades for a few days to give everyone a taste to one of my systems The list for tomorrow SHort side Market MUST be negative to play short and they MUST go below closing price peel off positions as they work in...

No can do. I'll carry an ECHO brochure instead I think you guys can understand :D

I use Market Screen .com with filters for NYSE and multiple up days in a row /down days in a row Corey in this office use TC2000 and has a few screen he gets I found some free ones that aren't too bad on www.pcquote.com under screeners than with that scroll box -- in...

This strategy is horrible if you add to positions. I'm now flat and done for the day After closing my opening orders the market was positive so I played the long side of those trades. I ignore the shorts so that the overall market trend will be in my direction JNW ave execution 23.28...

On any type of trend following strategy it's how to turn a big winner into a huge one. On anti trend following strategies it can absolutely kill you. This strategy is anti trend where at any moment it can turn around. By constantly adding to it as the stock goes higher it makes your...

There were over 700 stocks on my falling safe scan the week after sept 11 th. Usually there are 5-15. One of the biggest sayings on Wall Street is buy low and sell high. Think like a professional. If everyone is doing something and you are forced to take the trade...

Ok Robert's Watch List for Monday Ok On Monday I'm doing my 30 open orders or so and coming into the office an early to check on news for all of them ( I usually only play about 15 and use a much wider envelope than Don uses --higher probability) Afterwards I'll look at CNBC and...

Thanks for kind words. The article is on DaytradersUSA's site. I didn't realize daytradingstocks.com had a link to it http://daytradersusa.com/tharp.html Robert