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I'm reading Alan Farley's "The Master Swing Trader" and he is all over the fading the crowd. This stuff is really starting to click for me. I think I'm even beginning to grasp proper risk management!

I'm missing you, Hog! :D

+ $309 Took a moment to contemplate where I’d place a stop shorting DISCA @ 15.89 and it fell off the edge of the earth as I looked at it. Called AIPC short in chat as it moved above 33.00. I was unable to short because I had no access to IB. Excellent short, too, over $1.00 a share very...

+ $309 I'm stuck on ORLY and ORLY's stuck on me :p I'm still trading small size and being ultra conservative, which is fine for now. Technical analysis and L2 saved my butt twice today. I remember watching a webinar with Oliver Velez trading live and he bailed on a trade at one point and...

1. Open a chart. 2. Identify the beautiful patterns/formations/signals/trends and memorize them so you know your signals for the future trades 3. Get a piece of paper and cover the whole chart. 4. Move the paper to the right one bar at a time until your first signal sets up. 5...

OK, I've had that happen many times, and I ended up exiting the remaining shares at market UNLESS I am very firm and confident in my target price (as I was with HOTT last week, waiting patiently for the entire position to get filled over time). My thoughts on market vs limit: When I...

Paul, thanks for the kind words. When my husband was trading more actively, he used a 1-min chart and ended up leaving a lot of money on the table by exiting at every tiny pivot. He has come to like the 3-min chart much better. And I will add that most of experienced day traders I've spoken with...

I have two choices: 1) Change the stop order to a sell (or cover) order. 2) Place a bracketed order with a stop and target (i.e., I short @ 20.00, stop @ 20.20, target 19.60) I usually only use bracketed orders if I'm going to leave the office and can't manage the trade in real time. I was...

Hi QT, I'm glad you're enjoying my journal. I think it's helping me avoid repeating the same mistakes TOO many times. I tried to subscribe to yours, but it came up with a registration error. You said "Others were trades that didn't do what I expected right off the bat- but I held on, and...

Hi QT, I'm glad you're enjoying my journal. I think it's helping me avoid repeating the same mistakes TOO many times. I tried to subscribe to yours, but it came up with a registration error. You said "Others were trades that didn't do what I expected right off the bat- but I held on, and...

I found out that my order did indeed go thru, but the "no shares available to short" message somehow crashed the system. So I'm not mad anymore :D

OK, a tiny bit of my frustration has been erased. Etrade actually had a record of my NFLX order, but there were no shares available to short. They have no idea why my platform crashed when that message should've been displayed.

+ $237 Very frustrating day. Offered 9.10 HOTT, missed by .02 cents and it tanked hard. Short ORLY @ 33.35, pull back off failure to make a new high. Angry I didn’t take profits and short again off the rally. Offered 33.95 on the rally and it missed. Covered @ 33.06 off oversold round...

+ $237 Shorted NFLX @ 38.45 and my platform vanished. Re-opened to find the order never went thru. $1200 profit down the drain :confused: :mad:

cvds, thanks! mikea, my settings are: %D Full Stochastic (%D Interval: 5, %K Interval: 5, Slowing Period: 3) %K Full Stochastic (K Interval: 5, Slowing Period: 3)

Wow, that really struck a chord. I, too, considered my losses last year the cost of tuition and my confidence remained high for quite some time. However, I had no other job to fall back on that would pay the bills, I'd been withdrawing from my account all year, I'd chalked up net losses, and by...

+$170 Set a stop on DISCA @ 15.65, hit for $390 loss. Now, here is a sign of the progress I’ve made as a trader. DISCA moved up to 15.80 and then pulled back nicely. In the past I would’ve had the very dangerous noob thought, “I shouldn’t have put in a stop.”, but instead I had the...

$170 I severely undertraded today :eek:

IMHO, if your stops are shallower than your profit targets, and you find your "edge", you can be right 50% of the time and do just fine. I just closed out my 5th profitable month in a row, still using stochastics, S/R and trend lines on a daily chart (30-day, 6-month, 1-year) to confirm my...

Friday I took a small swing short position in DISCA, looking for 50% retracement of its last move from oversold to overbought. My reason for this trade is that when I looked at the 3-month chart, I saw it had established very strong resistance at 15.50 from which it pulled back nicely each time...