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I wasn’t expecting much today I did get more than I thought I bargined for with FUQI. I was fading/scalping it during the open and IB ran out of shares to short. This was a problem as I was not able to trade as I expected to be able to. In all fairness to IB it is a pretty thin stock...

For not getting all the shares I wanted to short I had a pretty good day + 1661

Hello Maxxy, Thanks for your kind words as well as taking the time to post. Bulkowski's work has not been a factor in my setup development but the concept of over extended stocks is similar. Finding tops and fading over extended moves was first brought to my attention by reading the Tom...

Hello QQQBall, Thanks for taking the time to post. Its been a great run this year. Rounders is one of my favorite movies 'You vant a kookie?' : o ) Robert

have a great weekend everyone !! + 4465 + 16450 Week

Not a very busy day today. I did watch C-Span online and watched some of the house debate Of course I am against the cap and tax measure but as I write this it appears there will be a vote on it later today and if there is going to be a vote most likely it will pass. I did have some trades...

Hello LoLatency, "If you're fading stocks like AM, how do you guarantee that a burst of flow doesn't come in and thump you? " Good question and one that people should think about regardless of entry signal. the quick answer is that there is no guarantee that I will not lose on any given...

Hey surf, I hope your doing well. I had such a good time at the surf fest in NYC that I thought I would drop a line and see if your going to the NOV vegas show and/or having a get together there? If you are I would love to go to it and if your not I was thinking of maybe getting some...

Hello NoDoji, LOL, It doesnt happen very often but it sure is exciting when the price moves so fast in your direction that it literally moves off the DOM and you don't know what the price is. After you pointed it out in the chat I HAD to include it in my journal.....LOL Best to you and...

Yippie !! Ok, maybe not the most professional words to come out of the mouth of a stock speculator but that was a quote from the chat room of what I said when I was short LM as it feel over $1 a share in about a minute. News hit the wire that a fund was not increasing its stake in the stock...

Was short LM when the news came out and watched it fall off a cliff. that was enjoyable. + 7858

Many of you know me as someone who 'fades' a market/trend. Here is the deal, we are ALL trend followers. Ok, maybe not 'followers' but if not following we surely want to be at the start of a trend. The difference between anyone is really the timing of the 'trend' For example when I...

Lots of shares today I ended up spending much of the afternoon scalping AM back and forth. I kept a few shares short for tomorrow and will be looking for a pullback after today big run up. AM + 1100 Traded a few contracts again of the T bond futs. Again just scalping it and getting used...

Pretty good day today. made much of it by just scalping for a few pennies with AM. Still short AM and looking forward to seeing what it does in the open after being up over 50% today. + 2397

First day of watching and actually trading the 10 year Treasury Futures. I have been spending a lot of time reading about fixed income and wanted to just do a couple of quick scalps and I find that the market is very huge and very thick. I can see why so many spend their days in the fixed...

Pretty good for a very slow day + 840

I would like to find some Venezuela ADRs or ETFs that I can short and cant find any. Would also be willing to short the currency but that doesn't appear to be traded on the market either. I use IB for a broker so I really want something that can be traded with IB This is something that I...

Hello QQQBall, Thanks for your post. Its been a pretty good ride so far. Even with last Thursday speedbump I will be possibly looking at the best month this year. Today has the makings for giving out some gains as well. Best to you Robert

I didn’t expect much on a down day like today. I didn’t get much either. I traded a gap up (in part due to the hugely negative texture of the day) and another quick scalp. I will be spending much of this week getting up to speed on fixed income and looking to add methods of...

after the first hour an a half I was done for the day again. + 890