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  1. oraclewizard77

    NoDoji's Day Trading Log

    I was on vacation and did not trade, however, over the weekend I was researching at stock ANX, and had a limit order in that got filled at .23. The stock today is .34 and I am up 65% so far in less than a day. However, I am not selling, this stock is breaking out hard, I really think some of...
  2. oraclewizard77

    Rmbs

    RMBS has been making me money since $ 17/sh. Of course this stock is not for the weak of heart, but if you look at the chart, you can see a nice gradual rise of price after it got above previous resistance. Good news from the trial in 2010 could catapult this stock another 10 points.
  3. oraclewizard77

    Weinstein Trading and Fading

    Don't listen this crap Robert. Signals that have been back tested and forward tested, do in fact work. Its called having an edge. The problem for me sometimes is making sure I understand what the signal is. I was reading a new technical book and decided to try one of their setups with just...
  4. oraclewizard77

    Riding Winners

    I still use fixed profit targets. For example, I watch the market for the setup, once I see the setup, I am able to determine how far the trade will go and also where I want the stop to be in case I am wrong. My last trade was perfect, took only .25 heat, and market only went .50 past my...
  5. oraclewizard77

    NoDoji's Day Trading Log

    Nice easy day for me. I had alarm wake me up. Saw a profitable setup. Set my targets and stops, went back to sleep. Had a dream that I made money on the trade. Woke up, saw I actually did make money on trade, then went back to sleep. Looking back, saw about 4 possible profitable...
  6. oraclewizard77

    has problems with this company Next Level Trading Capital, LLC

    It was the revenge of the Prior Level Trading. After having been replaced by Next Level Trading, Prior Level was pissed off, so he superman punched Next Level Trading. No one gets up after being superman punched, so Next Level is no more. However, I believe you can transfer your remaining...
  7. oraclewizard77

    the day MAD will not work...

    Well, I would think you could use solar power to take the salt out of the water instead of using coal. Next, China and Russia could declare war on each other to help decrease the population. There, I just solved the world's problems. Not that hard.
  8. oraclewizard77

    Close expired option?

    Ok, I canceled out my limit orders and will see what happens Monday. Thanks
  9. oraclewizard77

    Close expired option?

    In IB, I had a covered call option contract on RMBS that expired in the money. I forgot to close out my position today. I do have 200 shares of the stock long, and this 1 contract short. I went in and placed a GTC close limit order for the stock and the option, but of course its after...
  10. oraclewizard77

    NoDoji's Day Trading Log

    How does CL compare with ES? You doing ok in it? I was up late so traded over night. Set reasonable stop and target for the trade. Market moves real slow overnight so was playing some internet play money poker. Finally checked back on trade, and saw although it took some heat, I did make...
  11. oraclewizard77

    NoDoji's Day Trading Log

    Good job. Yesterday, made a stupid error had a contract still long that I was not aware of since I now realize I need to hit close all orders and flatten to make sure I am out of everything so took a small loss, and did not try to get stupid by revenge trading to make it back. Today, I made...
  12. oraclewizard77

    ES Journal Archive (2009 - 2010)

    Bought the spy Dec 111 put for $ 130.00. I like this better than the holding the futures over the weekend. Also, due to time decay, the option is not that expensive, so I can risk vs reward is about equal. Stop is obviously the cost of the option, however, I may give through Wed to prove...
  13. oraclewizard77

    Bright Slashes Rates for 2010.

    With $ 25,000 to fund my account what type of training / mentoring do you offer? Are traders still making money using your methods? I currently have a separate $ 15,000 futures account, can I combine all my funds with you and still trade futures? I don't need much leverage on the futures...
  14. oraclewizard77

    Here is a link to petition against trader tax

    The problem is that oil is a limited resource. The sands of the Arabs are running dry, and soon they will be back to herding camels. Of course traders will be blamed when oil goes back up to $ 200, but the government will be better off support technology that reduces our dependence on oil...
  15. oraclewizard77

    Here is a link to petition against trader tax

    Traders do provide a useful service, they allow producers of commodities to hedge the risk. For example, lets say you are a framer, you grow corn, and you want to be able to lock in the current price of the crop so you sell a future contract to a trader. The trader buys the contract since he...
  16. oraclewizard77

    Help learning about a Firm "Traders Capital" in Chicago.

    Did they suggest that they would train you for free? If so, then putting up your own money to trade is fine. However, if they want to charge you to learn how to trade, then you would need to take much more caution to verify if they really know something with an edge, for example, being able to...
  17. oraclewizard77

    Just lost 5% of my account...

    I found it helps me to go back to sim after taking a trade off of my setup with real money. This way, when I want to see if I am right and wrong about testing something that is not part of my setup or just bored, I put in a sim trade. Also. if I lose money with the sim trade, I can then...
  18. oraclewizard77

    NoDoji's Day Trading Log

    I did good today, took 1 trade real money then I went to sim on es. No losing trades on my main demo account and real trade made money. Yesterday, I put in a limit order to buy RMBS at $ 20.50. I checked now, and saw the limit order did get filled, stock is now trading at $ 21.50. I...
  19. oraclewizard77

    Here is a link to petition against trader tax

    http://www.rallycongress.com/greentradertax-traders-association1/2644/save-traders-jobs-do-not-enact-financial-transaction-tax/
  20. oraclewizard77

    Pair Trading Strategy Journal

    On another note, I am long UBISOFT which is owned 20% by Electronic Arts and may also be acquired by ATVI. The reason being UBISOFT is at its 52 week low and if bought by ATVI, the price of UBISOFT will go up and ATVI will go down. I am long actually shares instead of options since the ADR's...
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