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Bob, the challenge was fun! Can't believe I used limit on APOL and missed that last move. I almost closed out my HOTT position just to try and beat you, but I want bigger profits off that puppy! + $248 Shorted AMGN @ 58.32 when overbought stochastic crossed down after a test of the HOD. I...

+ $248 Again profitable despite my impatience leaving unbelievable money on the table.

Thanks Bob! Gotta pay for our Christmas Eve open house food and drink :p

+ $441 Had OSTK on my short list after an ET thread sparked a technical analysis this weekend (which you can read here: http://www.elitetrader.com/vb/showthread.php?s=&threadid=148481&perpage=6&pagenumber=2). Tried to short it first thing this morning and no shares available! DRI was...

+ $441 Lot of big green from some of you guys today, nice work!

Very sadly, my broker had no shares available :( :( :( It was indeed an excellent intraday short.

And when that downgrade happens before the open, there's no better feeling than being short the stock at Friday's close :D

I'm pretty sure RTM is what I do most often (I'm a fairly noob trader, so not exactly sure what this "means"). I wait 20-30 mins for a high and low of the day to be established, then buy at a failed breakdown thru the low, or short near a failed breakthrough of the high, expecting a...

It seems like upgrades and downgrades usually happen before the open, but companies lowering guidance tend to do that after the close. And a study conducted a while back found that companies who report earnings after the close on a Friday are gonna have an earnings miss.

Hog, this is really excellent advice. I've learned the hard way that when I get that "bad feeling" about a trade it's time to get out. Usually it's those trades that are testing the day's high or low and are stagnating, the bulls and bears not sure who's gonna win, then suddenly boom it's off to...

Interesting. I've been shorting almost exclusively in the past month and found myself getting a "bad feeling" and would bail at break even when the trade sits at this stagnation point for more than a bar or two. I may begin buying these setups, because they do tend to break out strongly.

Based on the trend line, MA looks like it will pull back to $139 for a near term short.

Would you actually buy a new high? I would think you would buy on the pullback from a new high. My question applies to intraday (1-minute to one day holding time).

Fundamentals mean nothing in this market. So let's look at OSTK from a technical standpoint: Looking at a 3-month daily chart, they've tried to test their last resistance level of 13.44 for two days in a row and failed. They've just pivoted down from an overbought condition. They've pulled a...

In the 1980's a friend took up day trading. He was quite good at it, made a lot of money, had a very expensive custom home built, and as his success increased, he began leveraging more and more. In October 1987, he had swing trades in place that were levered to the hilt prior to leaving for...

Nobody can produce returns like this in year when the market's down! Clearly Neke is a terrorist running a massive Ponzi scheme :D :D :D

+ $872 From the profit, it’s hard to believe I actually made a couple bad trading mistakes today. Had MFE on my radar early because after a strong multi day run up to an overbought condition, they then gapped up in after hours on the news they are being added to the S&P. Shorted first...

+ $872 Maybe I am actually improving as a trader considering this is my profit for the day despite a MAJOR order entry mistake, and despite not getting good grades on my trading criteria. :cool: No full blotter, too many trades today.

MFE just gapped up on being added to the S&P. Will likely be a good short opportunity tomorrow.

My broker has no shares to short FSLR, so I told my husband early this morning to short @ 148 and he slept in! You doze, you lose :eek: