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If I'm long a CL car on expiration, does a big ole truck drop off 1000 barrels of oil at my house? It's always Indian summer here; already been out with the dog and will be spending most of the rest of today outside. :cool:

Yes, I've found the CL swings to be gratifying to say the least. With a .20 - .30 stop and .10-.30 jumps, I usually know in seconds when it's over. When I sim trade it, I look at nothing else except the DOM and the 5-min chart. I watch the chart like a hawk for a specific S/R level in the trend...

Yes, just like SYNA, MYGN, STEC, SQNM were all strong buys at their tops... Trees don't grow to the sky.

I can't access my IB until Sunday afternoon so I don't have the info or chart to look at, but here is what I recall from yesterday's action: Because news was due out, I chose not to trade until after the news. I like to see the reaction to the news and find out where the market wants to go...

This is some specious reasoning here. You're looking back in time. Who knew at the beginning of the year when the market was on its way to 12-year lows and many people thought we were headed toward a second great depression, that the market would suddenly rebound? Choosing individual stocks...

Stop management really depends on your trading style. I scalp intraday moves off a 5 min chart. I have 2 strategies I've pretty much settled on after weeks and weeks of sim trading: 1. I like to short any pivot down after price makes a very large move up through the upper Keltner channel...

I agree it's much harder over the past couple months than earlier in the year when the market behaved more "rationally". There was true fear that the great depression II was upon us and the market moved down until the banks finally came out and said they'd be posting profits instead of more...

What's EXTREME, cat, is that YOU replied to this thereby causing me to read that "toilet bowl wine" post AGAIN!!! BANG FLUSH AAARRRRGHHHH!!!!

LMAO! +$303 Day +$853 Week Lots of CL sim trading in the morning. It still scares me to try it live, but I’m doing very well in sim and at some point I’m going to simply place my hand on the real trading mouse and go for it. Short ES @ 1095.00 pullback from a lower high; covered...

+$303 Day +$853 Week Lots of CL sim trading in the morning. It still scares me to try it live, but I’m doing very well in sim and at some point I’m going to simply place my hand on the real trading mouse and go for it. Short ES @ 1095.00 pullback from a lower high; covered @ 1093.00...

It's been in the 39.00's for a while now. Hope you took some profits @ 39.40 in case of a gap and crap :D

Also ANF beat earnings AND has very high short interest, so 38.80 should be a fine entry point.

For your swing trades, do you start scaling early in expectation of a swing reversal of the current trend (such as AMT scaling his ES short from the 1070's through the 1090's, then taking profits on the major pullback to 1028), or do you scale throughout a particular trend, adding on each...

I've made a mess of profits by trailing stops. I've been learning that, for me at least, it's best to leave the initial stop in place until reasonable move has been made in my favor, then I move it to b/e and try to exit the trade via a limit order at a specific S/R zone where price will likely...

I am very pleased with having discovered the value of stochastics last fall. My trading stabilized and turned net profitable beginning last November once I began using stochs to guide my trades. Many people vehemently warn against using stochs because overbought and oversold can run much further...

+$400 The schizoid action on the job numbers left me with no taste for the ORB. I felt the market was too toppy to break out hard to the upside and too strong to break down hard to the down side. I decided instead to play with my fave, ANF, larger size. Short ANF @ 37.43 quick pullback...

+ $400 Two trades, larger size today.

So what you're saying is, "If high clouds, then a good chance of range"? :D

So what you're saying is, it's time for me to move back to trading 2000 shares instead of 200. Yeah, I guess a $1500 profit would make for a nice day's work :cool:

Eating haggis. Drinking Everclear. Watching Teletubbies. Stay the course, star; this is just a minor "blip of hope" in a well-established downtrend. BUH - *hic* - ANG!!!