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+ $322 Short URS @ 51.31, covered @ 50.92: +$151 Scalped JCG all day for +$171 Short small URS @ 52.02, overbought run up to new high, holding. Short STEC @ 17.26 pullback from overbought run up to high, holding. A lot of strong setups today and I hesitated. Very mad at myself for...

+ $322 My grade today is a "D" for not taking several solid setups.

I use stochastics, but only used as a potential setup signal. I mainly rely on near term and long term support & resistance for confirmation of the setup signal. The chart attached details my reasons for yesterday's ESRX trades and shows how I use stochastics effectively, and also how I...

Damn, that was a solid pump, Cramer! Who would short a company that a) hadn't yet tested 52-week highs, and b) has 2009 earnings projections 10 times 2008??? If you were short TSRA on Tuesday, May 26th, time to put the training wheels back on.

For verification of my Cramer pumping claim, I direct you to the 2/20 post on my journal: http://www.elitetrader.com/vb/showthread.php?s=&threadid=132626&perpage=6&pagenumber=55 :D :D :D

When you first think "it is too high", that's great long signal. When it goes from "too high" to so much higher that you actually become afraid to short it, that's the perfect short entry.

When I have an overnight short position on, I'm usually a bit nervous. But if I see Cramer pumping the stock, I breathe a huge sigh of relief.

Thanks, Mike! After vacation last month, I tried several different strategies when I switched to IB and after all was said and done, I realized that what worked so well before still worked really well. All I needed was to restore my confidence. A review of my few (but large) losses revealed...

+ $729 Seemed like everything I touched turned to gold today. Only one small loss and a more sensible stop would've made that a profitable trade. Saw that I had 306 shares STEC short instead of the 400 I thought I shorted yesterday. Must’ve been a partial fill. Trailed a limit and...

+ $729 Left a lot on the table, but very pleased overall. Position size now 200-500 shares.

Hog, I am setting up my futures demo trading account this week, see what kind of simulated trouble I can get myself into. P.S. When I sent you that video of me performing, you promised not to post it on YouTube! P.S.S. Jeg, hush

+ $288 I learned to check my IB account status each day and yesterday end of day I found an ESRX trade active. I was planning to short ESRX yesterday in IB but 5 DOMs took up too much screen space so I used Etrade. But I must’ve clicked sell in IB because I had a position on. I called this...

+ $288 Today's trading gets a D- :mad:

I was there when he did all this, and not only did he manage 12 trades at once, he also conducted a lesson in temporal lobectomy, while juggling a bowling ball, a sword and a duck feather. :D :D :D Mr. W., thank you for raising the bar for tomorrow!

+ $265 Traded very actively today, but still very small position size. Really wish I’d been way more aggressive in size by scaling into the positions. I had 4-5 trades on at once and used Etrade for several because I couldn’t fit enough IB windows on screen and still track my charts and L2...

+ $265 Juggled 4-5 trades between 2 brokers and this is all I have to show for it :confused: (OK, still trading 200 shares...)

Nice work, Geez! Year not even half over and you're 3/4's of the way to target. Friend getting nervous?? :D

Well, I'll close out with this: Given enough time the majority of trades with a 30%-50% stop loss will some day become profitable. However, trading is my sole source of income and time is of the essence.

If you watch a falling knife, you eventually get a capitulation bounce. Jump on it quickly, with your stop loss right under the wick of the entry bar. What is the reasoning for risking anything more than that?

Mr. W, You are too funny! I'm not sure how many hours you put in this month, but it appears neither of our bosses met minimum wage requirements, and should be reported to the proper regulatory authorities. :D I look forward to some butt-kicking June, but let's make it more like $40K vs...