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Good day. spent the afternoon in chat. I didn't get anything after the morning which was nice as the stress level was low for a change. + 8369

Hello Anita, Thank you for the kind words and I will try. would n't this be called playing trend tops/bottoms ? I think some would call it that. I try to find where the short term trend is going to change in my intra day trading what is your risk management /money management rules...

Hello Bryans, Thanks for your questions and I will try to answer them in the order they are asked. HOw much money are you workin with in this blog? - I currently have under 200K in liquidated value that I am trading with How difficlut is it to learn how to trade on your own?- I would...

NoDoji, Glad your able to clean the slate and start anew. In this biz we do that alot and its really good to get you back focused on new setups. I would be very surprised if you don't have a good day tomorrow and if trading doesn't 'feel' better also. Your up 20% for the year and we...

I woke up and checked the market and BKE my carry over from last week. I was happy to see that BKE was trading much lower in pre market trading. I closed out half with the plan of booking those gains and waiting until the open to see how it does. BKE continued to fall after I covered...

Mostly a busy day + 5014

Hello ytr30, Thanks and i agree Bollinger Bands can be useful in trading. I use several custom algorithms and scan a field of about 1200 stocks to find the setups that I trade. some have higher confidence levels than others. I have been working on a gap up setup that has been causing...

Hello Mephistophillis, Thanks for the kind words. Glad you found it now. I enjoy writing here on ET and on my blog and I feel it helps to make better traders for everyone. Best to you RW

woke up early today to see how premarket in BBBY was doing. I was pleased to see that it was down but at the same time I expected it to be down more. I would not have been surprised to see a dollar or more loss from the close yesterday. I was trading during very early morning about 40-50...

Not a bad day for having to take another hit with BBBY. + 3999

I normally enter in limit orders. An example of what I mean (I don't recall that exact execution) I put a limit order in to sell 200 shares of XYZ at 10.05 Someone bought 60 of the shares I have offered which is also known as an 'odd lot' I normally dont put limits on my orders that...

Looking forward to a good day of trading as I see the market is trading higher in premarket. I look through the stocks in my scanner and I see a few gapping up nicely. The day turned south with my BBBY trade. I shorted PFG during the open and it worked out well. PFG GU, + 105 BBBY...

Tough day today. - 5388

I shorted more LVS puts today. Jun 2.50 puts @ 40 cents and looking to add more in the month of Jan 2010

I went to bed last night with high hopes for today as the SnP was about even and the Nas was up in late night trading. Those hopes where erased pretty quickly when I woke up and saw that both were down by a large amount. Oh well off to work I go. I get to my office and logged into the...

for a slow day it wasn't bad +2002

I am not sure I agree about the hooker and having much left over but Surdo is right on the money. The question very much reminds me of the people that break out some twentys to buy more chips at a poker table. Its totally dead money. I am sorry but $1K is not enough to trade with in most...

Well I was able to make my Fleetwood Mac challenge. I closed out GEOY and HP from over the weekend yesterday and they both were profitable. I started to look at flights and as usual I became upset that first class is SOOO much more than coach but yet its not that much better. Why the...

I think it sounds like your willing to ignore books at your own peril. Perhaps you have not read the right ones. Best of luck to you and your search RW

I shorted more APL 30 calls at .54 later in the day.