Confessions of a successful trader

Quote from cybercash28:

Retailtrader,


DRYS looks bullish. Ascending triangle is forming on weekly chart. Above ma-200 will be very bullish. Good volumes on up days.

Casinos stocks have been up huge lately. Shippers, transportation stocks shows bullish signs. DRYS, TK, FDX and YRCW are the ones that have been trading.
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Confession#1: I have been working hard for years, 7 days/week and at least 15 hours/day. Looking for the right setup requires many hours. I don't know if there is any software out there would help us to find the right patterns.

Confession#2: I have a couple sisters who keep loosing money in the market because they don't want to learn or doing homework. My advise to them is very simple. Every time they want to enter a trade, just do the OPPOSITE of what they had in mind. When they want to buy a stock tell me so I can short.

Confession#3: Still working on a system that I can make money with less work.

Confession#4: My dream is to become the first lady of United States. I will use my power to do good things for the younger generation of this beautiful country because they are the foundation of our future, I do not like the weather in china (lol). I will not spend too much time dressing me up. People do see a woman's real beauty. Well, this is only a DREAM!!!!

Confession#5: I paid a lot of money for a coach to teach me trading futures, Well, I gave up after a few months, his method is too stressful for me.

Good luck to all.
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Tell each to trade the other's account.
 
Quote from randy33:

09-14-09 09:36 AM

im all in on the pot short 23k shrs at 87.91, mos i only got 2k -- StLouisTrader


Thanks for sharing your trade, StLouisTrader. That was a gutsy trade you did.

Trying to learn something here. You went all in to short POT at open 87.9x since you reported your trade by 9.36am. so you pretty much short at market$ at open. You had a 0.50 profit in 10 minute had you chose to cover. By 9:40, POT made its big move up and stayed strong through out the day. You covered some incrementally and were all out by noon.

Does anyone else here short a stock at open and accept pretty much the market $price ? I pulled the chart on POT to show what it looked like this morning.
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you sort of ignored the request. How do you have all this intimate knowledge of St.Louis trading ability????
 
Dude, all you have to do is go back couple pages where Stlou put on the trade at 9:36am Sept 14 and follow what he did. My question was what caused him to make the decision to short POT before and during market open.
 
Well this bby looks to have shot my day early, i'm down to 30k short and a -23k realized PnL. Also, im looking to go long ebay if it dips after the open.
 
I went ahead and covered all the bby given how bad it was acting and got a bunch of this ebay, about 93k shrs at 24.35 realized PnL negative 63k on the day
 
Quote from randy33:

Dude, all you have to do is go back couple pages where Stlou put on the trade at 9:36am Sept 14 and follow what he did. My question was what caused him to make the decision to short POT before and during market open.
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so much for your earlier claims. You impress way too easily
 
Bot 3k ebay sept 25 strike calls for avg price of just under 12 cents, i still feel like this thing has a shot at trading towards 25 today. If the ebay turns out a loser too, i will have to declare "brown thumb" status, cut down my size and try to rebuild some confidence.
 
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