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Hi Nod, Do you have a link for that? I see they did a lot of volume compared to normal today (about 5X the normal volume) I watched the tape for much of the day and I have never seen anything like that but because its a low volume stock and coming off such a large fall from last year I...

Hi Jack, I saw the bids too as I was watching the after market trading with RTI. They were very high bids compared to what I normally see and I will admit I didn't like it. Its the kind of bidding that makes someone wonder if there is a news announcement coming out very soon. I also...

Today started out really well pre-market with the SnP up nicely. I expected to get some good trades. I started the day off with trading RTI and that went well the first time. It then climbed to new highs and I started trading it again and it kept going and going. I did fade the move and I...

HAVE A GREAT WEEKEND EVERYONE !! + 2717

Hello Frank, a DOM = Depth of Market. IB calls it BookTrader but its the same thing that many brokers call a DOM or Ladder. It has basically three main columns. BID, Last Price and ASK. In each column it has a number to represent each. I like trading with a DOM because I can point...

Today started out well and then it changed. I had a couple good trades and then I was totally run over by a MAC truck. Well at least it felt like I was ran over. I did totally cover so I am flat other than my swing trades CPRT + 995 MAC - 3898 AGEN + 140 - 2762 Day + 13920 Week /...

Started out as a good day..... - 2762

Pretty slow day today closed out of LM and SLT that I carried over from yesterday. I also tried to trade AGEN and while it went well IB totally was a failure with it. IB wanted to price AGEN at .0001 increments and that made using the DOM impossible. I ended up manually (first time in over a...

Pretty slow day but ok. Leaving early to go to my 1st graders class to talk about China. + 1186

Thats a very interesting thought. over 60 years ago we sent our army into Europe and they are still there over 50 years ago we sent our army into Korea and we are still there over 40 years ago we sent our army into Vietnam and we are. uhmm we are not there (sounds like we actually won...

After yesterdays gains I drove to the office with a little extra spring in my step. The day started out on the slow side but I was watching SLT and it was trading higher in pre-market trading. I waited until the bell rang and then started to short it. It quickly became obvious that it was not...

Pretty good day. + 6170

Hi Mike, I use a combination of price and volume to find areas that I think stocks will retrace all or part of their move. In much the way a market maker fades the public so do I. Nothing really all that special about it. You just figure out where the train is expected to stop and...

Start of a new month and the biggest thing today on the news is the GM bankruptcy happening today. The news surely was not news as it was expected and in fact the market is trading higher in premarket trading. To say that I had a LOT of signals would be an understatement. Once they started...

Last day of the month and I have a carry over from yesterday that I am hoping will provide some good gains. GNK started out higher and in fact before it was done went so far up it gave another short signal. That put some heat on me but at the same time I kept my size manageable so it was not...

What a crazy day. very busy most of it. + 9326

Its a good question as SiPC insurance can be really important. Probably a lot more important than most know. A look at the traders with TUCO will tell you just how important it really can be. By definition a prop firm is not retail and SiPC insurance is meant to protect retail investors...

Ovi, Your borrowed money to make this trade? wow in so many ways that is so wrong. At the same time there is the saying that you only need to become rich once. I hope this works out for you. Lets go over the math and see how close this old trader can get to the outcome. GM goes BK on...

Hey Nod, There are Hedge fund managers that would step on their mothers heads to get a return like yours. Way to go !! You also officially kicked my butt this month too. Very nice. Have a great weekend and be ready for 'game on' next month......JK, its all good Robert

There was only two days this month that I was up for the month. The very first day and today. glad today was one of them. Have a great weekend everyone. + 1945 Day + 6876 Week + 381 month