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Boosh, as I just recently told a friend, if you have a trader's ladder on which the 1st rung is beginner and the 10th rung is professional, I believe I have just placed my right foot on the 3rd rung :)

+ $1073 Saw that UBS downgraded WYE from Buy to Neutral, which doesn’t mean a whole lot, but I was pleased to have shorted it yesterday near a 4-month high, overbought on the daily chart, and right at the 200-day MA (which is rarely broken through on the first try). I decided to be more...

+ $1073 Not my smartest trading day, but I'll take the profit :cool: Congrats to all you heavy hitters! Hermit: Trading APOL extensively this month I have learned something important. When trading this stock, whether long or short, you place no stops, set any profit target you want, and...

"want to live on edge, you can follow me on a trip on the wild side and double down. Anyone who still owns these options now is a major risk taker and will be sleeping on the streets of Vegas soon."

Thanks, Bob. You too, great day!

+ $235 APOL spiked on open and I tried to short with limit and it dropped $1/share that fast, then bounced again and I shorted market @ 88.19, covered @ 87.49 for a $350 gain. Shorted APOL again @ 87.76, covered @ 87.56 for a $100 gain. Shorted APOL yet again @ 87.95 and set a target...

+ $235 Left enough money on the table with APOL to support Red_Ink today :mad: Good news is: Made enough this month to pay the bills. Let's see if I can hold onto it. :cool:

+ $1730 I dedicate today's P&L to Boosh, who knows how to talk dirty to a lady :D HOTT dropped nicely and I covered very oversold @ 8.77 for a $800 gain, only to watch it fall quite further. Shorted WYE @ 39.00 with a target at 38.80 and it diddled forever, so I covered @ 38.90 for a...

+ $1730 Two blotters pasted together because my HOTT trade was thru husband's IB when I was unable to locate shares Friday. Then later today it suddenly became shortable again with Etrade, when I no longer needed to short it. :p Still holding that pesky CECO short as it did not meet my...

Folks, it's a misprint on the cover of the book. It's actually "Down 30,000 by 2008", referring to the average retirement portfolio loss last year :D

Red, does your trading P/L run through your corp and you pay yourself a salary?

I'm not a scalper, but I agree when going for a small move and watching price action to determine an exit, 5 seconds is often the difference between a profitable trade and a break even trade.

Hi Frostie, I'm with Etrade and pay 6.99 per trade and .75 per contract on options. I trade from home, and it appears I haven't quite learned to trade yet, after putting on two short positions before waiting for the test of resistance; how could I do this after discussing in this very journal...

Well, let's see, we have commercial real estate and consumer debt turning more toxic each day, and O Great Savior Government already maxed out over toxic residential real estate. Hmmm...

This week we celebrate a special birthday! Monica Lewinsky turns 34. Can you believe it? It seems like only yesterday she was crawling around the White House on her hands and knees, and putting everything in her mouth. They grow up so fast, don't they?

Be careful not to let this trade (in which you made a smart decision to take a small loss) cause you to hold future losers assuming they will turn around. This mentality will eat profits every time (just might eat mine next week).

Wow, thanks for this info. I've always wondered about that when he advertises his record. He says he puts on 10 contracts, sets a target for $1 above his price on a GTC order and walks away. Yet it's obvious he doesn't do that and an email I had sent to him went unanswered. He had 1160 contracts...

Jeez, BLB, that's harsh. I was up all night gnashing my teeth, wringing my hands, tearing my hair out, and drinking large glasses of vodka (and I don't drink) :D :D :D

BLB, didn't you read the ET posting etiquette??? You can't compliment a fellow trader until s/he's had 10 profitable days in a row! I only had 9 profitable days and you jinxed me! :p (I sure would hate to wipe out those profits nextweek, so say something mean and bring my trades back to...

-$907 day +$2066 week +$3231 month Opened up with no trading capital. I guess my overnights tied up all my capital, which was surprising because my large FFIV position didn't tie up all my intraday capital. My first inclination was to cover both my shorts on the morning dip and take the...