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just in general, this morning was a good example, having bought the top many times I am always sceptical.

You have to add expiration madness into the equation so anything goes, I keep trying to show the new guys that buying those false breakouts will kill you, took me years to figure it out.

long spy 83.30 stop .50

aapl showed the way to that last reversal, I had a feeling AAPL would be down today, as wave says talk about organized crime. :)

Citi @ 3.65 time to put your money under a mattress where its safe.

"I want some filthy lucre":D :D :D

you can short the QQQQ's as a proxy this will probably get hit when AAPL resumes trading.

"keep losses small", you can send 5K to charity. I'm sure I saved you at least that. I wished I would have learned that one early. Quite the range for a system, why not learn to trade for yourself? much more fun than watching some smooth talker lose your dough!:D

out 84.35

long spy 83.80 no stop

I am just saying that you need to keep relatively tight stops. Being on the wrong side of a range expansion/trend day is a great way to blow out especially trading futures. Good luck today.

exhibit A

You guys looking for longs should be careful tight stops, don't mistake short covering for a real rally, terrible news from the banks.

an hour is an eternity in scalping, look up average true range, you should try to get a small chunk of the range. If the stock moves a dollar then maybe you catch .10 cents or 10%, this is just one way. here is a chart of GOOG today sharp rally with boring consolidation pattern, then sharp...

false breakout on the weekly, trapped alot of hopeful longs. I was trapped short, the drawdown was painful.

when you say warrants are you talking about the govt. what price are the warrants trading at?

down 8.5% can this dog go to zero, maybe they should hire Hank Paulson. Anyway, this will be dragging down the indexes. How are they gonna bail this one out. Any ideas on trading this?

Alcoa after the bell should be fairly miserable. Longs should be cautious. I would wait till they report then maybe a dip long. Good trading.

"The truth is that there are no fundamental laws in finance. And even if there were, there is no way to run repeatable experiments to verify them. " Emanuel Derman Damn, trading is gambling!:cool:

out 88.10 taking too long for a scalp.