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Forum date: 05-10-10
Andrew [2:29]: eMini Futures +3300 @ 2:30am
Andrew [2:31]: New York Times - European leaders agreed on Monday to provide a huge rescue package of nearly $1 trillion in a sweeping effort to combat the debt crisis that has engulfed Europe and threatened markets around the world.
Gar [2:39]: Those futures are raving lunacy. There is no way a monster spike like this tomorrow AM won't draw huge selling. Dow lost 600 points last week, do you think they aren't going to sell aggressively into a giant open?
Andrew [2:40]: Yeah I think a bear ETF near the open could be good, but the shorts might be more afraid and the large institutional sellers less aggressive and might wait for better prices to get aggressive.
Gar [2:41]: Maybe. But I remember this exact same pattern before the financial debacle a year and a half ago. Big bailout deals causing giant futures and spikes higher, only to be met with major selling a day later for large losses.
Gar [2:43]: Put it this way. If these futures hold, the Dow is set to open like +250. Which is absurd. If that doesn't attract sellers who were almost wiped out last week, I don't know what will.
Andrew [2:45]: I'm planning to go short near the open for at least a scalp and see if the market fills the gap. If not, and the bids seem to hold above, I'll get heavily long for a potentially big short squeeze day.
Gar [2:47]: It might take while for the early bubble to implode. The Europeans will be the main pile-in shovelers (same people driving up the futures right now), so it might require their markets to close later in the day.
Gar [2:47]: I think the shorts will get squeezed out very early.
Andrew [2:48]: Oh, and then the bears will gain control back later in the day?
Gar [2:48]: i.e. imagine being a huge short and the Dow gaps up +350? I think you will cover...lol.
Andrew [2:48]: Good point.
Gar [2:48]: The bears might not gain full control, but I can't imagine a giant gap up---following such carnage from last week---hold all day.
Gar [2:50]: especially after this "news" settles in, and everyone realizes nothing has changed. Wouldn't this $trillion package all be more debt?
Gar [2:51]: Maybe the FTSE will give us a clue, it opens in 10 minutes. I want to see if it spikes to Mars and then decays.
Gar [2:51]: ...lol what am I doing here?! It's late for me. Gotto go....
Andrew [2:52]: I think it's kind of like the strongr EU countries subsidizing the weaker ones and then the Fed helping out lending money to European central banks.
Andrew [2:53]: That's really cool to be able to watch the UK stocks with StockVision. I think I'll watch the first half hour or so of trading before going back to sleep.
Gar [2:54]: Wait til they start saying, "...wait, if the Europeans did THAT much bailout, then perhaps it is far worse than we tought?"
Gar [2:54]: thought
Gar [2:54]: Trust me, they will find an excuse to start up the selling again. The market has changed its pattern.
Andrew [2:55]: Yeah, even after our huge bailout package in Oct. 2008 we still had a ton more selling in the medium-term.
Andrew [2:55]: But there were some large green days every once in a while.
Gar [2:56]: Yes, I think that's what I was talking about earlier. And, same thing, giant bloated futures.
Gar [2:56]: Bear markets and bear cycles often have explosive, massive rallies. Moreso than bull markets, oddly enough.
Andrew [2:57]: Is it from the greater short covering helping fueling the buying more?
Gar [2:57]: Maybe, but I am not sure. But one thing I do know---which has no exceptions---is volatility indicates weakness, NOT strength. A volatile market is always headed for more downside.
Gar [2:58]: Wild swings = future downside. I have never seen an exception to that.
Andrew [2:58]: On Friday the VIX went even higher than on Thursday.
Gar [2:59]: Yes, and the VIX will plummet early tomorrow, with the market spiking massively. If that isn't volatility I don't know what is. Which means weakness in the near future.
Gar [3:00]: I think VIX will top at 50-ish. It's not near that yet.
Gar [3:00]: I think I'll stay online for a few to see what the FTSE does.
Andrew [3:00]: Maybe the only thing we really need to be watching is UUP and FXE.
Gar [3:01]: Lol, indeed. The market trades in absolute lockstep with those.
Gar [7:01]: Yep, there's the initial FTSE spike. Give it 10 minutes and let's see if it holds.
Gar [7:02]: FTSE...volume..+2000%. What a bunch of lunatics.
Andrew [7:04]: The shorts are getting destroyed.
Gar [7:07]: In a few minutes I think I will do a papertrade short on some bloated UK stock.
Gar [7:08]: This is pretty much what we will see in the US markets at the open.
Andrew [7:09]: Does the UK have any market ETFs?
Gar [7:11]: I think so.
Gar [7:12]: They have bear ETFs for commodities too.
Gar [7:12]: Oh man, crude oil will also spike into outer space.
Andrew [7:12]: The banks like RBS and LLOY have already come down a lot.
Gar [7:13]: I'm already up 0.5% on my UK papertrade short...lol.
Andrew [7:13]: Oil & Gas is top sector
Gar [7:15]: I'll bet the dollar is getting dessimated.
Andrew [7:16]: http://www.bloomberg.com/apps/cbuilder?ticker1=DXY%3AIND
Andrew [7:17]: Oh that site is actually on a delay.
Gar [7:17]: Still it's pretty downtrendy for tonight so far.
Gar [7:18]: Looks like the FTSE might not want to pull back. I have a feeling this whole day is going to violate everything I thought I knew...
Gar [7:19]: Well, it's late, I gotta take off. I can hardly stand to watch this spiking anyway, I find it impossible to trade. See ya...
Andrew [7:20]: All the smart money who really wants to sell more of their positions taking profits probably won't see any reason to get too aggressive today.
Andrew [7:20]: Bye
Willie2 [6:48]: E MINI futures up 4,642 wow, hang on to your ass today ha ha
picker304 [7:25]: Welcome new and trial users
We hope you are enjoying your visit. Here in the chat room traders post their trades and knowledge. During trading hours things move much quicker and if traders don’t respond to your concerns please don’t assume they are ignoring you but may be busy with trades and other responsibilities. To better serve you an alternate board has been created that will jump start your success. Please go to http://www.stockvision.proboards.com/index.cgi?board=trialusersintroduceyourself
nester [7:33]: NEW YORK (AP) -- Stock futures skyrocketed Monday after European leaders agreed to a nearly $1 trillion rescue plan to avoid a major debt crisis and the U.S. Federal Reserve said it would also provide loans overseas.
Dow Jones industrial average futures rose 382 points.
The 16 countries that use the euro and the International Monetary Fund have agreed to create a nearly $1 trillion rescue fund to support European nations burdened by heavy debt. Markets around the world plummeted last week as fears escalated that Greece's debt problems would spread throughout Europe and upend a global economic recovery.
nester [7:33]: NEW YORK (AP) -- The rate of late mortgage payments dropped in the first quarter for the first time since 2006, according to credit reporting agency TransUnion.
The 60-day delinquency rate slipped to 6.77 percent, from 6.89 percent in the fourth quarter of 2009. That was the first decline after 12 consecutive quarters of steady increases, TransUnion said.
The first-quarter figure still represents a substantial jump from a year ago, when delinquencies were at 5.22 percent. But FJ Guarrera, vice president in TransUnion's financial services business unit, said it's still good news.
nester [7:34]: A lot of investors are worried about rising interest rates and inflation, and not without cause. The yield on the 10-year Treasury bond is at a generational low; government spending and borrowing has erupted; and, although the Fed has said it'll keep its funds rate near zero for "an extended period," that won't last forever. When rates do increase, bond owners will feel it. On that much, most investors agree. There's less consensus on equities. Stocks may be better off than fixed income when interest rates rise, but it's not clear by how much.
No Slam-Dunk
To stay competitive if bond yields rise far enough, the market may reset stock valuations lower to increase their prospective long-term returns. Rising interest expenses also could clip corporate profits. Both of those possibilities spell poor returns for stocks at least in the short term.
nester [7:34]: Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today:
http://finance.yahoo.com/news/Zacks-5-Rank-Additions-for-zacks-3842403085.html?x=0
nester [7:34]: Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today:
http://finance.yahoo.com/news/Zacks-1-Rank-Additions-for-zacks-82072204.html?x=0
nester [7:36]: SAN FRANCISCO (MarketWatch) -- Among the companies whose shares are expected to see active trade in Monday's session are Tyson Foods Inc., Fluor Corp. and Dynegy Inc.
carr [7:52]: Good morning all
djalecc [11:54]: morning all, carr, nester :-)
nester [7:55]: morning carr & dj
carr [7:55]: morning dj nester karen
picker304 [7:55]: Good morning all
picker304 [7:56]: Hey carr I've got some errands to run this morning. Sorry won't be here much
karenbcz [7:58]: morning all
carr [7:58]: hey picker fair enough I can take the morning shift
picker304 [7:59]: Thx buddy
karenbcz [8:06]: Futures are up by how much?
karenbcz [8:06]: 387?
karenbcz [8:06]: 387?
karenbcz [8:06]: roflmao!
nester [8:14]: FAZ down 12.5%
majour [12:16]: Morning all
madriver [8:18]: morning everyone
jim [8:20]: Morning all
majour [12:22]: morning jim
jim [8:22]: Morning Majour
carr [8:23]: morning majour
carr [8:23]: morning jim
carr [8:23]: morning whoopsie
whoopsie [8:24]: morning
jim [8:24]: Morning Carr
whoopsie [8:25]: i now officially own StockVision, woohoo
whoopsie [8:25]: also bought Gars ebook, though still need to read it!
jim [8:25]: congrates Whoopsie
whoopsie [8:25]: :)
nester [8:26]: welcome whoopsie
whoopsie [8:26]: hi nester
nester [8:27]: what is up with this market? futures over 4000?
whoopsie [8:27]: so how does this US pre market work then, I see lots of trades coming in, does this dictate the opening prices?
jim [8:27]: dollar is weak this morning UUP is off 1.2%
carr [8:28]: whoopsie, it is much like the regular market with much less volume prices could go anywhere at the official open
nester [8:28]: yes, it will. it is best not to trade it if you don't have any experience in it. get burned quick
carr [8:30]: very true nester, especiall with drug stocks
whoopsie [8:31]: Yes I wasn't going to trade it until market opens, just wanted to know if it effects the opening price.
carr [8:32]: sometimes just the opposite of that the pre- market leads you to think.
carr [8:32]: jim is a good pre- market trader, so watch some of his trades.
nester [8:33]: premarket is a funny thing. i have noticed that if you have a ticker and it is way up in the pre, then it is best to sell as that is most of the time the best price of the day. if they run way up, most of the time they will pullback
carr [8:33]: no pressure jim
whoopsie [8:33]: thank nester/carr, appreciatate that advice
jim [8:34]: Thxs Carr
picker304 [8:34]: DF gap down 11.5%. Watch if market ramps up though
jim [8:34]: Whoop I'll do my best not to lead you astray
whoopsie [8:35]: thanks Jim
compoundgains [8:38]: Is it logical to go long on FAZ if it opens down >10%?
nester [8:39]: one would say "yes"; however, the way they are playing with this market, i would wait for a clear sign before entering it
compoundgains [8:42]: Yes, my mistake...FAZ and logical...what an oxymoron.
rw [8:43]: compoundgains ----You have to be extreemly careful when futures are up to play gap downs...works better when futures are down to play gap downs.
picker304 [8:43]: Hey everyone check out new play for 80%+ winning stategy An SV exclusive from swing and me to you http://www.stockvision.proboards.com/index.cgi?board=gap
picker304 [8:45]: This method I've have backtested for weeks and wanted to make sure it works before sharing. It works. Master and enjoy
rw [8:46]: be
rw [8:46]: BE
rw [8:47]: BE extreemly careful with Gap downs when futures are up
picker304 [8:48]: Aroon works in all market conditions. Doesn't matter. Just gotta watch aroon and adx. It tells all
carr [8:49]: morning rw
rw [8:51]: carr - good morning also picker jim compound Mr nester and everyone
nester [8:52]: morning rw...
jim [8:53]: morning rw
rw [8:53]: Picker What signt do you get aroon from?
picker304 [8:53]: Wish i could post a video on the arron but I'll have to work on that. Not good at PP
rw [8:53]: picker are you going to play DF
picker304 [8:53]: PP = powerpoint
picker304 [8:54]: rw gotta see if adx is comin down and other signs are there
jim [8:54]: RW I picked up aroon from swingtracker
picker304 [8:55]: Also works around 10 - 10:30 for gap ups
picker304 [8:55]: Great jim
rw [8:55]: thanks jim
picker304 [8:55]: Does anybody do videos here. we need a video but I suck at that? Its really easy but hard to explain in words
nester [8:55]: you can set up Aroon in QT also. on the lower indicators
karenbcz [8:56]: The little bank that could ... FBP up 9% in premarket. :>)
picker304 [8:56]: Jim did you figure it out last night and backtest it?
LEECO [8:56]: GAR & all Good Morning-I am out talking to my broker next door neighbor-he said while he can't handle Reg-D there i a better chance to find someone asking 2 million
nester [8:57]: SQNM up 6% SOMX up 8.25%
picker304 [8:57]: Guys once you learn the method papertrade it. You'll see its a scalper no doubt.
carr [8:58]: Morning Leeco
jim [8:58]: Pick yes I back tested on several stocks it looks like it works
picker304 [8:59]: Anyway hope it helps. I will use it with much success. That i know for sure. At least 7 of 10 winners for 1-3% gains
picker304 [8:59]: Thx Jim
Joe47121 [8:59]: ALL: do you guys know if GAR has a PDF version of the ebook?
carr [8:59]: picker I can shoot and edit video
karenbcz [9:00]: JOE: I believe when u download the book, it is a PDF file ...
picker304 [9:00]: Oh carr great read my tut and back test if you need help let me know
Joe47121 [9:01]: Karen I'll check it out again later --- thanks ... see ya.
picker304 [9:01]: Yes Joe it is pdf
picker304 [9:01]: you can print it
madriver [9:03]: I didn't pay attention to see if that was PDF or not
karenbcz [9:03]: Pick: I think he wants to know to he can read it online ... I personally don't "print" manuals anymore ... too much wasted paper.
carr [9:03]: guys, I really don't think you can download the book to a local file unless you buy the kindle version from amazon. You can print it, but not have it locally
madriver [9:03]: I did what picker said and just printed
picker304 [9:03]: Yes he can read it online by sections
picker304 [9:03]: Good madriver
madriver [9:04]: Now that I think of it I don't think there is a pdf which is smart on Gar's side because that could be distributed very easily
madriver [9:05]: I still like paper...just me
picker304 [9:05]: Me too madriver my best study is in the bed at night
Andrew [9:05]: Good morning. Futures have been coming down a bit I see.
picker304 [9:06]: Morning Andrew
karenbcz [9:06]: PICK - doesn't reading in bed make you sleepy?
picker304 [9:06]: Yes that too LOL
picker304 [9:06]: But then I dream about my studies
karenbcz [9:07]: PICK: I see ... subliminal messaging? LOL!
picker304 [9:07]: lol
karenbcz [9:08]: man! I can't think. too much mommy's day vino! ugh!
karenbcz [9:09]: Too bad "wegg" didn't hang around. I think FBP gonna bounce off it's low.
karenbcz [9:09]: It's also too bad I was too scared to buy it on Friday @ $1.64. :>(
Andrew [9:10]: This weekend could have just as easily have gone to -4200 futures, lol. Lots of risk.
karenbcz [9:12]: Pennystock scan pulls up HRBR - huge gap up!
picker304 [9:13]: Hey carr hows the video comin? LOL
madriver [9:14]: this rally will fade quickly in my opinion.
Dirty Ernie [9:14]: where can i find Gar's book?
picker304 [9:15]: www.garsworld.com/bookpromo.htm
Dirty Ernie [9:15]: thanks
picker304 [9:15]: Anytime enjoy
rw [9:16]: what is bed bath and beyond symbol
Swami [9:16]: hello
karenbcz [9:16]: More junk penny picks, gap up at the open ALVR, HLCS, FBP, JMBA, - play at your own risk. :>)
madriver [9:17]: bby
picker304 [9:17]: Hello Swami
Andrew [9:18]: Today's the biggest gap up since October 2008 I think.
madriver [9:18]: actually BBBY
karenbcz [9:18]: BBY? is that Best Buy?
picker304 [9:18]: Welcome new and trial users
We hope you are enjoying your visit. Here in the chat room traders post their trades and knowledge. During trading hours things move much quicker and if traders don’t respond to your concerns please don’t assume they are ignoring you but may be busy with trades and other responsibilities. To better serve you an alternate board has been created that will jump start your success. Please go to http://www.stockvision.proboards.com/index.cgi?board=trialusersintroduceyourself
madriver [9:18]: BBY is best buy
karenbcz [9:18]: BBBY
picker304 [9:19]: Guys aroon may be big at 10ish on gap up stocks
Hank [13:19]: morning all
karenbcz [9:19]: PICK: can you post a chart?
madriver [9:20]: anyone going to buy...long at open?
Andrew [9:21]: I'm looking to buy FAZ near the open, scalp it out, and then look to enter FAS on a pullback.
picker304 [9:21]: Karen read instructions and back test. I don't do powerpoint. I hope carr's workin on that
Andrew [9:22]: I think it will be very difficult for the bears to get back control today.
picker304 [9:22]: Andrew you gonna try aroon?
picker304 [9:22]: on pullback?
Andrew [9:22]: Not today picker, these aren't normal conditions. I'll try new things another day.
karenbcz [9:23]: PICK: what instructions?
jim [9:23]: I suggest a lot of caution today this may be a suuckers rally
karenbcz [9:23]: Pick: I wasn't aware Gar had aroon charts on SV.
picker304 [9:23]: Karen http://www.stockvision.proboards.com/index.cgi?board=gap
rw [9:23]: where are aroon charts on sv picker
Andrew [9:24]: Gar hasn't added them yet.
rw [9:24]: talking head said we wold end at 1% up
karenbcz [9:24]: JIM: If this is suckers rally, I hope it lasts a MONTH. I need to get out of my longs WITH PROFITS!
jaws [9:24]: I don't think it will last a month karen.
jim [9:25]: Karen I agree I have too many longs
karenbcz [9:25]: PICK: is that message board new?
jaws [9:25]: I'm just glad I covered all my shorts Friday.
picker304 [9:25]: Yes I put it up over weekend
karenbcz [9:25]: JIM: They're longs that .... well, "bagholders". lol!
karenbcz [9:25]: NOT funny!
madriver [9:25]: Andrew...was looking at faz too
Andrew [9:26]: I think Knight made a lot of money if he held some of his FAZ short over the weekend.
madriver [9:27]: yeah
madriver [9:27]: 2 bucks right now
ortrade [9:27]: Good morning
carr [9:28]: morning ortrade
karenbcz [9:28]: JIM: everything I've got is gonna gap up this morning.:>)
madriver [9:29]: Andrew....are you looking the FAz chart?
jim [9:29]: .
Andrew [9:29]: More just XLF and SPY
Andrew [9:30]: It might take a few minutes for the shorts to panic fully.
ortrade [9:31]: Market is pacing now on daily on the 38% level on the indexes - that is a bounce level..
ortrade [9:31]: at least a morning bounce.. lol..
Andrew [9:33]: long FAZ 12.54
Andrew [9:33]: added to FAZ 12.58
rw [9:34]: iin df 12.39 sold 12.56 thnaks picker
picker304 [9:34]: DF 12.32
rw [9:34]: toquik to post
Andrew [9:35]: added to FAZ 12.55
Andrew [9:35]: doubled up on FAZ 12.63
jim [9:35]: DF L 12.38
knight [9:37]: good morning all
Andrew [9:38]: tripled up on FAZ 12.59
picker304 [9:38]: Dang adx curved back up gotta curve down
jim [9:38]: out DF -3%
knight [9:39]: take profit FAZ from 15,2 to 12,6 part 1 - another very easy trade - quick money again
picker304 [9:39]: I'm gonna hold that sucks man
jim [9:39]: I would get out it Pick
madriver [9:39]: faz 12.57
rw [9:39]: lol i HAD mco CHART UP and thought it was DF LOL
picker304 [9:39]: Small position
knight [9:39]: seed is doing well - ready to go higher
Andrew [9:40]: out 2/3rds FAZ -0.65%
picker304 [9:40]: I'll wait for aroon green to move back and up for test
Andrew [9:40]: added back to FAZ 12.48
picker304 [9:41]: Here she comes just made mistake of not watchin d-
Andrew [9:42]: added to FAZ 12.32
jaws [9:42]: Picker, where do you find chart of aroon indicator? Or do you plot it yourself?
knight [9:42]: take profit FAZ from 15,2 to 12,33 part 2
picker304 [9:43]: See jim gotta watch for green confirm not happened when it does should move up just missed dang adx
knight [9:43]: 3 $ shares faz in a weekend = great move again
Andrew [9:43]: out 2/3rds FAZ small gain
knight [9:44]: add RDN 13,35
picker304 [9:44]: so low would of been 11.70ish lets watch and see
knight [9:44]: sorry RDN 10,35
picker304 [9:44]: No correction aroon not falling yet
Andrew [9:45]: doubled up on FAZ 12.46
djalecc [9:45]: in CPF @ 4.41
picker304 [9:46]: adx falling waiting on aroon to fall with green bar
djalecc [9:46]: 2.41 sorry typo
Andrew [9:46]: tripled up on FAZ 12.49
picker304 [9:47]: there we go should run now
picker304 [9:47]: See it jim?
rw [9:47]: DF in 11.83 out 11.89
rw [9:48]: forgot to post
jim [9:48]: green aroon at 100 DF?
rw [9:48]: DF again 11.83
picker304 [9:48]: no g is at bottom should move to 100
picker304 [9:49]: Anyway would of been 11.80ish to 11.87
rw [9:50]: Missed limit of 11.83 NOT in
picker304 [9:50]: leats see if it corrects
rw [9:50]: fundamentals for DF or worse than worse - a POS really........but was a gap down....was good to me....
rw [9:51]: I still say gap downs do not work well when futures are up...ANDREW can explain this
picker304 [9:51]: red with back to 100 probably means run is through but works throughout
Andrew [9:51]: out 1/3rd FAZ +1.3%
rw [9:51]: adx says current trend of down is still ineffeect
picker304 [9:52]: maybe so rw I'll watch and test it.
rw [9:52]: adx at 69 which means solid down trend
Mckoan [9:53]: Buying SDS (30.70) this morning with the expectation that the S&P will fill the gap sometime this week.
Iswing64 [9:53]: Still a short right now pick
rw [9:53]: Picker --your analysis of gap down was very good and helpful...You have brought a lot to Stockvision...thanks
Andrew [9:54]: out another 1/3rd FAZ +2%
picker304 [9:54]: Gotta keep watchin it will correct sometime
picker304 [9:54]: Lest watch together and learn together
jim [9:54]: L FAZ 12.69
Andrew [9:55]: added back to FAZ 12.74
picker304 [9:55]: Hi swing
Andrew [9:56]: out FAZ +1%
Iswing64 [9:56]: hey bud
Andrew [9:56]: long FAS 30.86
Andrew [9:56]: added to FAS 30.94
Andrew [9:57]: added to FAS 31.00
picker304 [9:57]: another possible low watch for G vol bar on aroon down
Andrew [9:58]: doubled up on FAS 30.95
picker304 [9:58]: there she goes
Andrew [9:58]: tripled up on FAS 31.07
ortrade [10:01]: Holding 3 morning entry shorts BCSI 200s@29.95 NUAN 200s@17.45 and NENG 200s@2.83
usdojpr [10:01]: Carr(Mr. Patient)- Patients worked. Although tough to do.
Andrew [10:02]: out 2/3rds FAS -0.2%
ortrade [10:03]: Exit NENG +4$p
Andrew [10:03]: tripled back up on FAS 30.98
ortrade [10:07]: Exit BCSI +12$p
Andrew [10:07]: out 2/3rds FAS -0.3%
Andrew [10:09]: doubled up on FAS 30.98
Andrew [10:10]: tripled up on FAS 31.00
picker304 [10:10]: DF looks to be the 20% variety LOL
jim [10:12]: out faz 12.51 -2%
Andrew [10:14]: out 1/3rd FAS +1%
picker304 [10:14]: Its a sellers market until 10-10:30ish???
Andrew [10:15]: The buyers had 15 minutes, then the sellers had 15 minutes, now the buyers are working on another 15 minutes.
Andrew [10:16]: added back to FAS 31.19
rw [10:17]: HG chart indicates downtrend = Dow will end day about 200 up
rw [10:18]: SCRATCH 10:17 post - Looking at wrong chart LOL
Andrew [10:18]: It would be nice if we did pick a clear direction rather than this sideways stuff.
rw [10:18]: sure glad I was looking at moody chart thinking it was DF - LOL or I would have lost money
jim [10:19]: tues
Andrew [10:19]: out 2/3rds FAS -0.2%
picker304 [10:20]: yea rw dow ramped up too much sellers galore
Andrew [10:20]: doubled up on FAS 31.10
Andrew [10:21]: out FAS -0.4
Andrew [10:21]: long FAZ 12.70
Andrew [10:22]: tripled up on FAZ 12.71
Andrew [10:25]: out FAZ -0.5%
Andrew [10:26]: back in FAZ 12.68
123 [10:26]: bought june erx 38.strike puts 2 contracts 4.27 2 contracts 4.30 still holding may 37.80 puts erx
Andrew [10:26]: tripled up on FAZ 12.70
123 [10:29]: looks like i timed it right again
Iswing64 [10:29]: L FAZ
ortrade [10:29]: ORCL 200s@24.20$pe
Andrew [10:30]: out 1/3rd FAZ +1.2%
ortrade [10:30]: Exit NUAN +46$p
Andrew [10:31]: added back to FAZ 12.73
ortrade [10:31]: Total morning shorts +62$p
ortrade [10:33]: SWKS 200@15.74$pe
rw [10:35]: in and out wmt to quik to post .3%
picker304 [10:35]: paper DF 10.62
ortrade [10:37]: SNPS 200s@21.89$pe
Andrew [10:37]: long AIG 40.60
rw [10:38]: DF owes nearly 5billion dollars sales down47% this last few months----------NO end in sight LOL
rw [10:38]: May be a good short......
ortrade [10:38]: ORCL SWKS and SNPS are all trades on 15min time frame.
Andrew [10:39]: added to AIG 40.62
Andrew [10:40]: out 2/3rds FAZ -0.2%
picker304 [10:41]: rw LOL
picker304 [10:41]: News don't mean nothin in day trading DF moving up
Andrew [10:41]: short RDN 10.36
LEECO [10:42]: Been away from my office-getting my lawnmower serviced & repaied-power went off while I was gone what is good beside a huge up in the indexes-also good morning to all
picker304 [10:42]: out DF paper 10.80 1.69+
Andrew [10:42]: short CAR 12.47
karenbcz [10:42]: LEECO: there's no excuse for not trading!
karenbcz [10:43]: LOL! (just kidding) :>)
Andrew [10:43]: doubled up on FAZ 12.80
carr [10:44]: Leeco you need a iphone so you can trade anytime, anywhere.
picker304 [10:45]: Holdiing real DF in bag lost big
Andrew [10:45]: out half FAZ +1%
LEECO [10:45]: So what's hot and what's not?
Andrew [10:46]: It looks like the buyers are waiting for more of a pullback right now to continue buying. The bears have (at least temporarily) gotten back some control.
rw [10:47]: Re: news - I always check news on any gap down stocks or trap door plays.........Pays to know how extreem the problems may be that send the stock down so far. certainly was the case of DF----that is why I jumped in and out quik...
carr [10:47]: anyone else seeing double posts?
rw [10:48]: The new gap down system posted here is very helpful -- I am now watching ADX on most all trades and is very helpful....THanks to picker and Iswing
ortrade [10:48]: NIHD 200s@37.47$pe
LEECO [10:48]: carr-no iphone for me-phones for me are just to talk
Andrew [10:48]: I think the double post bug only shows for a single person.
karenbcz [10:48]: RW: what's "new"?
carr [10:49]: Thanks Andrew will restart
rw [10:49]: the gap down system that MR. Picker posted --------
karenbcz [10:49]: you mean the gap down stays on the screen during trading hrs.?
picker304 [10:49]: i never check news it don't mean much if you enter in the right spot. Stocks move up and down in any market however 400 point swing can be an exception
karenbcz [10:49]: missed it.
Andrew [10:50]: added back to FAZ 12.83
LEECO [10:51]: Yes carr -my last were double posts big hesitation after typing and clicking on post chat
rw [10:51]: Karen the need for the gap down screen no longer exists after the market opens...
picker304 [10:51]: DF moved to aroon green watch for red bar indicating down
carr [10:51]: test after restart
PA [10:51]: long QID 16.84 stop 16.77,limit 16.75
rw [10:51]: I am trying to answer questions but chat does not post sometimes and is delayed probably on my end
picker304 [10:52]: 10.62 to 10.85 would of been entry exit
rw [10:52]: ANDREW: what size are your charts in inches please?
Andrew [10:52]: out AIG -0.37%
picker304 [10:52]: 2.16%+
rw [10:53]: Had I not been typing I would have caught the 10,62 o well.....LOLO
Andrew [10:53]: added to FAZ 12.76
rw [10:54]: df ready to go up now
Andrew [10:54]: My main chart is 7.5' by 4.25'
Andrew [10:54]: " not '
rw [10:55]: thanks andrew ------Trying to get mine to a more readable level that helps
picker304 [10:55]: DF already went up for 2+ thats enough for me it is a fast play
Andrew [10:56]: out 2/3rds FAZ -0.3%
Iswing64 [10:56]: Out FAZ even
Andrew [10:56]: I'm not a fan of this market this morning.
Hank [10:57]: ENCO 3.41
rw [10:57]: Andrew - that sure seems small......hard to see candles on chart that small
Andrew [10:57]: added to CAR short 12.43
rw [10:57]: My chat does not post
picker304 [10:58]: cya all later good luck to all
Andrew [10:58]: I only look at about 3 hrs. of data at a time with 5 minute bars.
ortrade [10:58]: Market is still at the early morning top gap levels on the indexes in a very narro sideways..
Andrew [10:58]: doubled up on FAZ 12.75
Iswing64 [10:58]: bye pick
rw [10:59]: Thanks for DF pciker I did wlel on it twice
Andrew [10:59]: tripled up on FAZ 12.78
PA [11:02]: out QID 16.77
LEECO [11:02]: rw-same here to postb I have to croll &n click & enter
Andrew [11:03]: out FAZ -1.6%
ortrade [11:04]: Market has been persisting its gap up.. interesting..
Andrew [11:05]: back in FAZ 12.57
Andrew [11:06]: tripled up on FAZ 12.57
Andrew [11:07]: out CAR -0.4%, our RDN +0.3%
ortrade [11:12]: Interesting trading on a higher time frame requires to take smaller position to retain similar stop loss and it washes out some of the volatility..
rw [11:13]: test
rw [11:13]: test
LEECO [11:14]: rw was that a double post in one?
rw [11:14]: ANDREW How many charts to you have up and monitor-----
Hank [11:14]: ENCO 3.41/3,3.81 = .40 12 %
rw [11:14]: No Leeco---just testing----Hate to say to much or gar will read this and get angry about complaints....
rw [11:15]: working better now....I shut down and restarted
Hank [11:15]: ENCO 3.71
ortrade [11:15]: also trading succesfully like in life I believe is minizing the faith component..
Andrew [11:15]: out 2/3rds FAZ +0.8%
Andrew [11:16]: I have a 5-minute/3hr., a 5-minute/2-day, and a daily/42-day.
Andrew [11:17]: tripled up on FAZ 12.70
Hank [11:19]: ENCO 3.71/3.90=.19 5%
Hank [11:19]: ENCO 3.95
Andrew [11:19]: out FAZ -0.2%
Andrew [11:20]: long FAS 31.07
Andrew [11:20]: tripled up on FAS 31.11
LEECO [11:21]: Testing
Hank [11:21]: ENCO 3.95/4.05= .10 2.5%
LEECO [11:21]: testing
LEECO [11:22]: rw-Mine just started working normally without restart-We had a micro-power failure here tghis AM and both my computers acted strangely.
ortrade [11:23]: MCRS 200s@34.33$p
Hank [11:26]: ENCO 3.95
LEECO [11:28]: I notice (after my late getting on line) thatall my charts started up high and then ran more or less level high
Hank [11:29]: ENCO 3.95/4.14 = .19 5%
Andrew [11:30]: out FAS +0.45%
jim [11:30]: Hank nice trades
Andrew [11:30]: long FAZ 12.52
Hank [11:30]: ENCO 4,12
Andrew [11:31]: doubled up on FAZ 12.53
Hank [11:31]: Thanks jim
Andrew [11:32]: tripled up on FAZ 12.55
ortrade [11:32]: NZ 200s@13.14$pe
Hank [11:33]: ENCO 4.12/4.10 -.02 loss and fees.
Andrew [11:33]: short LDK 6.70
ortrade [11:35]: ENCO hit 30April pivot high..
Andrew [11:35]: out LDK -0.15%
ortrade [11:37]: most of my shorts are not panning out yet they are negative or sideways..
Hank [11:39]: ENCO spikes like 1-2 dollars at a time in the past at times tricky one
Andrew [11:39]: short RDN 10.43
Andrew [11:41]: back short CAR 12.49
Andrew [11:42]: short MEE 34.96
Andrew [11:45]: out MEE -0.34%
ortrade [11:46]: Somehow shorts are not working yet .. beside SNPS all my entry shorts ORCL SWKS NIHD MCRS and NZ are negative.. The hook now is the reversal from a big morning gap.. If institutions have the guts to go long after the intensive bear action last week the hook will be violated inflicting the biggest losses to traders..
Andrew [11:47]: The volume today is looking a lot lower than the last couple of days
Andrew [11:49]: short CAM 36.22
Andrew [11:49]: short ATPG 15.58
Andrew [11:50]: out CAR -0.4%
Andrew [11:51]: out RDN -0.38%
Andrew [11:53]: added to FAZ 12.46
Andrew [11:55]: added to ATPG short 15.65
Andrew [11:56]: added to CAM short 36.34
ortrade [11:56]: Exit ORCL -58$pe
ortrade [11:58]: Exit NZ -28$pe
Andrew [12:00]: short F 12.32
Andrew [12:13]: out F no gain/loss
ortrade [12:16]: somehow looks like stocks are consolidating on the bull side. The crucial times are 1 and 130pm today. I expect the hook to be violated and the market to stay on the highs or rally and inflict losses to short. I hope it wont happen as I am holding only shorts now.. lol..
Hank [12:17]: FCEL 2.57
Andrew [12:17]: out CAM +1%
Andrew [12:18]: There hasn't been too much easy about today.
ortrade [12:20]: Exit NIHD -186$pe (position not calculated from stop loss)..
Iswing64 [12:21]: AIG
Andrew [12:23]: out FAZ +0.6%
Andrew [12:25]: long FAS 31.07
ortrade [12:26]: volume is still large and positive but the market is in the narrowest range now...
Andrew [12:27]: out FAS -0.1%, back in FAZ 12.62 (triple position)
ortrade [12:27]: these sideways markets put me to sleep in mid day..
Mckoan [12:28]: Andrew, out of curiosity, how does your system perform considering the commission drawdown?
Andrew [12:30]: Normally I trade the most on days when I'm doing the best and don't trade as much on days when I'm doing badly, so the commissions don't hurt too badly. With all the scaling in, I pay a per-share rate.
ortrade [12:37]: Exit MCRS -64$pe (again position size not calculated from stop loss bad practise.. lol..)
Andrew [12:37]: out 2/3rds FAZ -0.24%, out ATPG +0.29%
Iswing64 [12:40]: Filled AIG 41.21 L
Iswing64 [12:41]: Not a good day to trade..lol
Andrew [12:42]: doubled up on FAZ 12.62
Andrew [12:43]: tripled up on FAZ 12.65
Andrew [12:44]: I'm really fortunate my first trade of the day was so good. Otherwise I definitely wouldn't be positive for the day.
Andrew [12:46]: The volume really has been pretty low since the buying at 11:00am.
Andrew [12:48]: short HOV 6.95
whoopsie [12:51]: guys where is the best stock forums that discuss individual stocks?
Andrew [12:51]: short ITMN 10.84
Andrew [12:52]: I have never really come across a good forum for individual stocks.
Hank [12:52]: HDY 1.13
whoopsie [12:54]: ok thanks
ortrade [12:54]: the giant gap up today (~387points on the DJI) is persisting..
Mckoan [12:55]: Ortrade, the only question I have is what day this week will the gap close?
Iswing64 [12:56]: lol
ortrade [12:57]: HDY is at the 3 May pivot high
ortrade [12:57]: perhaps today Mckoan.. lol..
Andrew [12:57]: lol
Andrew [12:58]: out 2/3rds FAZ +0.25%
Andrew [12:58]: I don't know what the market is up to now.
nester [12:58]: http://ampedstatus.com/high-frequency-terrorism-how-the-big-banks-and-federal-reserve-maintained-their-death-grip-over-the-united-states
Hank [12:58]: ortrade, trying for .05 cents on HDY
Andrew [12:59]: added back to FAZ 12.69
Hank [12:59]: Sometimes that nickel is a mile away. lol
ortrade [13:01]: we are kind of later in the day and market has been persistent till now, good luck, Hank.
Andrew [13:02]: added to FAZ 12.70
Hank [13:03]: ortrade, got to agree with you, no hurry, so I shall hold .
Iswing64 [13:03]: Stoped out aig small loss
Iswing64 [13:04]: could be a short
Andrew [13:06]: long AIG 40.88
Andrew [13:06]: It's been bouncing from 40.83 so I'll give it below 40.80.
Andrew [13:07]: out ITMN +1.5%
Andrew [13:07]: out 1/3rd FAZ +1.55%
Andrew [13:08]: Mid-day sneak attack by the bears...
Andrew [13:08]: out another 1/3rd FAZ +2.5%
Andrew [13:08]: out AIG -0.22%
Andrew [13:09]: out HOV +2.1%
ortrade [13:10]: Hank, it all depends if HDY is a scalp/longer hold.. fast rising stocks hitting previous pivot often retrace.
Andrew [13:10]: added back to FAZ 12.90
Andrew [13:11]: added to FAZ 12.91
Andrew [13:14]: The volume is picking up a little with this selling.
Iswing64 [13:14]: L FAZ 12.97
ortrade [13:14]: market range is broadening, I still have conviction institutions transfer good stocks from traders to their own hands.. during this process market wil dtn and consolidate ocassionaly.. I also believe once that is completed market will rally again.. The bear can get also upset if he losses in morning shorts retracements. If that happens few days in a role the bear will cause a dtn in mid day or some big red bar. Today my morning contrarian shorts went well hence the relative stability of post open sideways today..
Andrew [13:16]: out 1/3rd FAZ +1.8%
Andrew [13:16]: long RDN 10.26
karenbcz [13:17]: Ortrade: LQQK at your Fibonaccis on the DOW. The Market retraced from 100% to 61.8 to 50.0%. We rebound from here.
Andrew [13:18]: added back to FAZ 12.89
Andrew [13:20]: back short ATPG 15.43
123 [13:20]: I predict down....by my charts for market. Dollar making new highs for day.
Andrew [13:21]: back short CAM 35.58
123 [13:22]: a/d ratio been bleading off from +35 or so to +20
Andrew [13:23]: The UK market sold off a little bit mid-day as well.
Andrew [13:24]: out RDN +0.93%
Andrew [13:24]: short RDN 10.34
ortrade [13:25]: karen, on daily I predicted the bounce in my post at 9.31am based on bounce of fib 38% on daily on all indexes. I measure the fibs from the Feb pivot low on the daily.
ortrade [13:26]: the market had to broaden the range as in the previous narrow range only market makers were making money chasing both traders and institutions out of the game. I was dosing off..
Andrew [13:26]: The tight consolidation probably led to an amplified move down.
123 [13:27]: vix is on rise also
Andrew [13:29]: out RDN -0.29%
madriver [13:30]: IMO the 5% move in the FTSE was way overdone but.................
Andrew [13:30]: added to ATPG short 15.48
Andrew [13:33]: added to ATPG short 15.54
Andrew [13:34]: out 1/3rd FAZ -0.3%
ortrade [13:35]: S 1000s@4.03$pe
Andrew [13:36]: out ATPG -0.43%
Andrew [13:36]: added back to FAZ 12.79
ortrade [13:38]: a lot of the sideways now is caused by stock prices declining from the morning gap in some oscillatory manner and reaching horizontally toward uptrending moving averages. This divergence among price direction and moving averages creates nasty volatility.. lol..
Andrew [13:39]: short CAR 12.75
Andrew [13:40]: back short RDN 10.36
ortrade [13:41]: third attempt on indexes to penetrate resistance..
Andrew [13:41]: short BZH 5.60
rw [13:43]: stockvision shows market going down rest of day....
Andrew [13:43]: out 1/3rd FAZ +1.6%
ortrade [13:43]: while sideways look far from useful they can change completely the moving average outlook as large frame moving average level off and allign the duck for migration.. big migration.. lol..
Iswing64 [13:45]: Big aroon spike FAZ
Iswing64 [13:45]: 1min
Andrew [13:45]: out another 1/3rd FAZ +1.6%
Andrew [13:46]: out RDN +1.1%
Andrew [13:46]: added back to FAZ 13.08
Andrew [13:47]: out BZH no gain/loss
Iswing64 [13:49]: faz bouncing north off 50 sma 1 min ..see if it keeps it up
Andrew [13:50]: added back to FAZ 12.92
Andrew [13:52]: out CAM tiny gain
ortrade [13:53]: till now all indexes bounced 3'd time of resistance on 5 min charts..
ortrade [13:56]: sideways broadening is like fundraising, more people put their cash on the table for a good cause and never see a penny out of it.. lol
Andrew [13:56]: lol
Andrew [13:56]: out 2/3rds FAZ -0.33%
Andrew [13:56]: out CAR +1.1%
Andrew [13:57]: tripled back up FAZ 12.95
alp [13:59]: grghtre
Hank [13:59]: HDY 1.13/1.16 3%
rw [14:00]: YOU all will be glad to see PEIX up 5%
Andrew [14:00]: back short BZH 5.55
karenbcz [14:00]: RW: Did you notice ... PEIX DID hit my target price of 0.99.
karenbcz [14:00]: It only took 6 wks. to get there! LOL!
Andrew [14:00]: back short HOV 6.84
rw [14:01]: I did karen......
Andrew [14:01]: out 1/3rd FAZ +1.8%
ortrade [14:02]: VLTR 1000s@23.08$pe
Andrew [14:03]: added back to FAZ 13.09
alp [14:04]: anybody watching AEZS ? thinking short for a swing trade. any recommendation?
madriver [14:05]: andrew ...trading in and out of FAZ...what % gain do you have for the day?
ortrade [14:06]: my entry on VLTR no. of shares was not calculated on stop loss but it was just an attempt to end up at least break even with one trade.. I call it the despair trade - it is what ruins one's account in particular if it is followed by few alike and turns statistically a calculated trader into an unsuccesfull gambler.. lol..
madriver [14:07]: net of commissions I had 4.8gain on FAZ....wondering where you were at.
Iswing64 [14:08]: Out FAZ +1%
Andrew [14:08]: Just FAZ?
madriver [14:09]: just faz...i bought early at 12.57
madriver [14:09]: actually it was 12.56...it went lower but I didn't catch the low
karenbcz [14:14]: WHO traded HDY today?
Andrew [14:14]: Nice job
rw [14:14]: Mr hank did
karenbcz [14:14]: Is he here? HANK??
rw [14:15]: Yes Karen..He is here.
Andrew [14:15]: Pre-commission on FAZ I'm up to about 12% realized and a tiny bit more open profit.
madriver [14:15]: is a lunar short going to work? I know we're not at the high but close enough so far.
Andrew [14:15]: I had one really bad trade in it this morning but luckily I caught the mid-day move.
madriver [14:16]: you killed me.......
madriver [14:16]: I thought 4.8 was good but 12 is awesome. I only made the one trade at faz
Andrew [14:17]: It's skewed because I'm using double and triple positions in it due to the high VIX.
Iswing64 [14:17]: L faz 13.07
Hank [14:17]: Still here, I am watching CNEX for a short play and missed that sucker this am, and looking to find another good one this afternoon, hard to find. market all over the place.
karenbcz [14:17]: Hank: How did you find HDY?
Andrew [14:17]: out HOV +1.3%
Andrew [14:17]: out BZH +1%
ortrade [14:18]: I never understood how it is possible to make money by adding to position. If you are in sideways that trades in range you will windup likely with a small gain/loss. In a position that goes with/against you you will win/loose much more but these will cancel each other.. The biggest losses are in sideways markets that donot trade in range..
Hank [14:18]: karenbcz found on trap up, on 2%
karenbcz [14:18]: on 2%???
karenbcz [14:19]: Oh! you mean "buy surge"?
ortrade [14:19]: meant: in trend, In a position that goes with/against you you will win/loose much more but these will cancel each other.
Andrew [14:20]: When there's high volatility it allows for much larger winning trades, so that's when I get extremely aggressive. If you have a setup that is just a 50-50 coin toss and you limit losses reasonably, you can be risking 1% to make 5% with something like FAS/FAZ.
karenbcz [14:20]: HANK: did you mean you found HDY in "buy surge" 2%?
Hank [14:20]: I mean trap settings, alert if spikes up quickly 2% and alert buy volume surges quickly 75%
Andrew [14:21]: When there's high volatility, and I'm loading up, it's because I think there's just a low chance of the market staying sideways for a long period of time.
Andrew [14:21]: If it stays sideways I'll normally suffer bad losses on those days.
knight [14:22]: take profit from HOV 6,1 to 6,8 part 1
Andrew [14:23]: out 2/3rds FAZ -0.5%
ortrade [14:23]: In away adding to position is just another trade..
Andrew [14:24]: Yes
madriver [14:25]: i guess the 3x plus volitility may work okay
ortrade [14:25]: In away it is seems harder though to control the positions size and exits as they vary by entry..
Andrew [14:26]: added back to FAZ 12.91
rw [14:27]: sold DF even it is a POS
Andrew [14:27]: added to FAZ 12.94
ortrade [14:27]: IRF 1000s@21.72$pe
Andrew [14:28]: long SFI 6.55
madriver [14:28]: boy if those are individual trades.......I haven't a clue how you keep track of them
Hank [14:28]: SBUX 26.80
Andrew [14:29]: SFI is about a 1.5% trap door setup, but not looking good now
Andrew [14:30]: I like how it's near where it bounced this morning though.
ortrade [14:30]: In away you would need to control losses. That is if price goes against the trade the exits must be layered by the entries otherwise the losses are not controlable..
rw [14:31]: Hank what signals did you use on SBUX long please
Andrew [14:31]: If a FAZ trade starts going against me I try to usually exit 2/3rds for a small loss pretty fast - kind of like paying insurance against a really bad move against me. If it winds up stabilizing I'll just get right back in.
Hank [14:32]: rw, I used my daily adx cross over coming up D+
rw [14:32]: thanks
rw [14:33]: adx 12481 extrme low on sbux now
rw [14:33]: saying the trend is
Hank [14:35]: rw I am seeing the weekly trend up,
madriver [14:35]: carr---how are you doing with esignal today?
Andrew [14:37]: out SFI +0.6%, not liking the lack of buying volume here
Andrew [14:39]: added to FAZ 13.00
Hank [14:39]: ENCO 3.78 trap door up now see how it works out.
Andrew [14:40]: out 1/4th FAZ +1%
ortrade [14:44]: Both SBUX and ENCO had a big drop in ATR sometime before the entry long..
carr [14:45]: madriver esignal is working fine today why do you ask?
Andrew [14:45]: added back to FAZ 13.02
madriver [14:46]: just wondering if it works good in any type of market condition?
majour [14:47]: out half HOV 6.3 to 6.85
Hank [14:48]: I am finding the traps set at 2% and volume 75% gives me 5+ cent move when it shows up on the Traps screen. It does work large volume trade. Keep in mind traps move quick and one must be quick to engage and not type at the same time. I do not erase my traps till end of day and see which stock moved best . The macd at the bottom page gives a good signal . Pard now has a step up and I look for those step to find higher moves.
carr [14:48]: absolutely. I have more problems with my broker processing an order during heavy trading (like Thursday) but esignal data has always been right there.
carr [14:50]: madriver, which version of esignal are you thinking about?
Andrew [14:51]: out 3/4ths FAZ -0.13%
madriver [14:51]: called GET version I believe
carr [14:52]: That is the one I use "Advanced GET"
carr [14:52]: whatever you do though, do not buy their scanner
madriver [14:53]: has anyone ever heard of decisionbar?
carr [14:53]: I use it
carr [14:53]: also trendline trader
madriver [14:53]: carr...what do you think?
madriver [14:53]: boy you have all the goodies!!!!
carr [14:54]: I have been using decisonbar for a few years now and abolutely love it. Combined with trendlinetrader, absolutely amazing.
ortrade [14:55]: Exit VLTR -520$pe (the despair trade)..
Andrew [14:55]: added to FAZ 12.91
Iswing64 [14:57]: Carr can you trade any time frame with decisionbar?
ortrade [14:58]: VLTR 20000s@23.62$pe (retaliation trade - another for of despair trade)..
ortrade [14:58]: correction VLTR 2000s@23.62$pe
carr [14:59]: swing, yes you can any chart time frame that you want
Andrew [15:00]: added to FAZ 12.85
Iswing64 [15:01]: Thanks carr thought about checking into that is there a monthly fee?
Andrew [15:02]: out 2/3rds FAZ -0.17%
Hank [15:02]: ENCO 3.78/3.89 .11 3%
Andrew [15:03]: added to FAZ 12.92
Andrew [15:03]: added to FAZ 12.93
Hank [15:03]: I am finding the traps settings are working around the 5-10 cent moves today.
carr [15:04]: swing it is a monthly fee I think it is around $99, but for me well worth it. It pays for itself in the first few days of the month for me usually the first day I trade based on the indicators. You do need to really understand the material supplied to use it to your best advantage. Check out their web site, but be aware, this is not a "red light / green light" program.
Gar [15:07]: Here for the final hour. I am a bit surprised there hasn't been more selling into this giant gap up.
Hank [15:08]: Pard 1.16 /1.19 .03 3% my traps set at 2% and 75% volume.
carr [15:08]: Hey Gar, you are early today, that is great.
ortrade [15:08]: most of my shorts have been close to 0 most of the day while occasionaly few of them would spike against the trade with few bars forcing an exit at a large loss.. nasty market for shorts..
Gar [15:09]: I haven't made any trades today, I generally can't trade successfully on a gapping up market.
Andrew [15:09]: out 1/3rd FAZ +1.3%
Gar [15:10]: But I do think this rally is a bit overdone.
Andrew [15:10]: There have been a lot of stupid sideways periods but when the market hasn't been going sideways there were a couple of decent moves.
madriver [15:10]: just a little
Hank [15:11]: Pard and ENCO had step up formation and still looking up .The macd did show the crossover at the bottome page.
Gar [15:11]: You mean like 319 points too high.
ortrade [15:11]: I belive the gap was all institution. When it is bozos it retraces easily..
carr [15:11]: I don't think it is so much of a rally as a correction averageing out thursday and friday. It really can't last a whole lot longer.
madriver [15:12]: ridiculous and FTSE was up like 5%...lunar short??
Andrew [15:12]: short RDN 10.19
karenbcz [15:12]: HI GAR ... I've been trying to follow the EURO, but I think I'm using the wrong symbol. What symbol do you use? Is it EURUSD?
Gar [15:12]: Well the reason I am surprised it has held up somewhat is that after last week's slamming losses, I can't believe they aren't selling heavily into this.
123 [15:12]: i use fxe karen
Gar [15:12]: FXE. The Euro ETF.
karenbcz [15:13]: Thanks.
Gar [15:13]: Euro has been decaying all day after a gap up. Another sign this is bogus.
LEECO [15:13]: The market has done the same as every other day -movement in first hours then flat all day all stocks
madriver [15:13]: I'm convinced it will fall apart just another over reaction
karenbcz [15:14]: GAR: so, FXE has an inverse relationship to the DOW?
Andrew [15:14]: So much of the buying volume today seemed to be in the first 1/2 hour so it might be more shorts getting freaked out than funds feeling the need to aggressively buy.
123 [15:15]: a/d at low of day at +15. was anyway
Gar [15:15]: No, the dollar (UUP) is inverse, FXE tends to go in lockstep. But that is only a recent trend, it has not always been that way.
carr [15:15]: Karen EURUSD is the forex symbol for the Euro
Hank [15:16]: Today I did 34% on trades just by using the traps and the 2% stock spike and the 75% volume spike and we walked along. So the traps are proof that this system works. This system works for me, thank you Gar.
karenbcz [15:16]: CARR: Thx. Im using some new software. They told me to use eurusd.
usdojpr [15:16]: Gar/Carr- do you think they will take profits the last half hour?
Andrew [15:17]: added back to FAZ 13.02
rw [15:17]: hANK are upi settomg traps tp 2% and then volume to 75% drop?
Iswing64 [15:18]: Wow hank..thats great!!
Hank [15:18]: rw i use both sides of the traps, the figures are live as we speek, all day long as I posted as I typed along.
JayBird [15:18]: You and StockVision rock....Hank. :-)
Andrew [15:19]: added to RDN short 10.21
Gar [15:19]: usdojpr...I don't know. I thought they would hammer this thing down earlier today. My take on this is most people are "waiting" to see what happens. If true, we will just meander sideways.
rw [15:19]: i used traps for a long time - then they quit working well, I thought,,,,,have to get back to them again Hank....thanks.
Hank [15:20]: I proved to all the traps and this sysemt works, one has to pay attention how to use this system, and then it works. I t works for me anyway. And thankyou JayBird.
carr [15:20]: usdojpr I am hoping for a run up at the closed, but keeping an eye on FAZ. If it starts to head north, no general run is likely.
Andrew [15:21]: In the UK market the buyers came back at the very end of the day.
Gar [15:21]: I think most traders are in "wait and see" mode. Which explains why they aren't pounding this down.
carr [15:22]: we should know by about 3:45 pm eastern
Gar [15:23]: If the market holds true to form, we will likely have both. A sell-off in the final 20 minutes, yet with a renewed pile-in during the final 5 minutes.
Andrew [15:23]: out 2/3rds FAZ -0.2%
Andrew [15:23]: added to RDN short 10.26
carr [15:23]: Good move Andrew, FAZ is headed down for now
usdojpr [15:25]: Thanks guys
Andrew [15:25]: added back to FAZ 12.89
Hank [15:25]: Have a nice evening, nite all.
JayBird [15:25]: Cya Hank
carr [15:25]: Gar, I am thinking about buying some June call $14.00 options on FAZ any thoughts
Iswing64 [15:25]: Bye hank
carr [15:25]: good night Hank
Gar [15:26]: That could work, except FAZ would need to make a fast move. Otherwise, those calls will decay badly with time.
Andrew [15:26]: The triples naturally decay, so maybe puts on XLF would be better?
Gar [15:27]: By "fast" I mean within the next few days, maybe a week.
usdojpr [15:27]: long faz may 2.98 $10 calls into the close
Gar [15:27]: Otherwise, you could get stuck with decay.
carr [15:27]: Thanks Gar and Andrew
Gar [15:28]: That said, FAZ does look like it wants to bounce way up. Generally, I think once the market gets over all this durnken hoopla, we will have lots more downside.
Andrew [15:28]: The bears have been losing every single time for so long, I'd probably want to see a little more confirmation or wait for some more low volume buying to a better price.
carr [15:28]: Now I know I need to learn more
Gar [15:28]: drunken hoopla
Andrew [15:29]: added to FAZ 12.83
Gar [15:29]: carr, getting options way out of the money can be super profitable but only if the stock makes a strong move. The good news is that FAZ is super volatile so it is possible it might do that.
Gar [15:30]: One options play tha I did not mention in the book---but can be a fun ride--is to play puts and calls on the VIX. That can be exciting, and if you call it right, you can make vasts gains.
Gar [15:31]: Buy VIX calls when it is absurdly low, and puts when it is absurdly high.
carr [15:31]: I was looking to hedge all of my long positions against a major decline.
Andrew [15:31]: That sounds like a good strategy.
Gar [15:31]: As for the market close today, I am now thinking we will go mostly sideways. Because I am getting increasingly convinced that most people are in "wait mode."
Gar [15:32]: carr, best way to do that is to buy way out of the money puts. Because they are really cheap, yet if the stock plummets, the puts spike way up.
carr [15:33]: I am learning every time you post Gar
djalecc [15:34]: out half of CPF @ 2.55 +6.6% :-) holding other 1/2 overnight
carr [15:34]: nice job djalecc
karenbcz [15:35]: Am I hallucinating? The market seems to be trending down since 12:30 PM.
Andrew [15:35]: The bears have been in firm control since noon karen.
madriver [15:36]: yes it has
Andrew [15:36]: Ever since the market put in a lower high than right near the open, we've been at best range-bound, and at worst selling off.
madriver [15:36]: kind of a drift lower
Gar [15:36]: You're hallucinating. I haven't seen the market change hardly at all, maybe even slightly up.
Gar [15:37]: I have a hunch tomorrow will be a very red day. If not, an irritating sideways grind.
karenbcz [15:38]: GAR: do you follow Real Estate market? If stock market crashess, will RE continue to go down?
Andrew [15:38]: out 2/3rds FAZ -0.17%
Gar [15:38]: I don't follow real estate that much. But I think it will be more flat than anything.
madriver [15:38]: isn't that an ecomomics question
Gar [15:39]: These guests on CNBC, they are WAY too bullish. That's why I think a lot more downside is coming. I heard like 1 bear today vs. 19 bulls.
usdojpr [15:39]: Gar-Im in long in nflx. june 85 calls. Can you give me an example of way out of the money puts to hedge
madriver [15:39]: Not according to mr paulson...he thinks real estate is going up sharply over the next year according to his conference call today
karenbcz [15:39]: Paulson? who?
madriver [15:40]: John Paulson....hello
Andrew [15:40]: added to FAZ 12.83
madriver [15:41]: hedge fund manager who rigged up the CDO's with Goldman....that John Paulson
Gar [15:41]: Well, NFLX is trading in the upper $90's. Perhaps $80 puts would be way out of the money, but close enough to balloon if the stock collapses.
Andrew [15:41]: Are you in his fund madriver?
karenbcz [15:41]: Wel, it could've been Hank Paulson. I'm not a mindreader.
usdojpr [15:41]: Gar- Thanks-
karenbcz [15:42]: AS IF! We all listen to John Paulson with bated breath. He's a CROOK!
karenbcz [15:42]: Why would I believe him?
Andrew [15:42]: There was a good book about him called The Greatest Trade Ever.
Gar [15:42]: Looks like they are trying to jam us UP and not down. Once again, I am surprised.
Andrew [15:42]: I doubt he did anything legally wrong - he was just working within the system.
madriver [15:42]: I wouldn't listen to him but to each there own. How much lower can real estate go. Real estate is local, local and local
madriver [15:43]: I don't think he did either Andrew.....maybe a little sketchy though
madriver [15:43]: No ...not in that fund
Gar [15:43]: Hey, real estate in a year will be either up, down, or unchanged. That I can guarantee 100%. So any bozo can say "it will be up" and have a 33% chance of being right.
Andrew [15:43]: added to FAZ 12.83
carr [15:43]: Like stocks, real estate is only worth what someone else will pay for it.
Andrew [15:44]: 12.83 actually
Andrew [15:44]: 12.84 I meant - can't type today
karenbcz [15:44]: It can go lower. A friend of mine bought a house back in Nov. for $250K. The owner bought for $400K 3 yrs. ago. My friend thought he got a "steal" until the woman who moved next door told him she got HER house for $175K.
Gar [15:44]: Yes carr that is absolutely right. I have a friend selling property that is "worth" $200K. Buthe is finding the most anyone will pay right now is $120K. So it's worth $120K...period.
carr [15:45]: no matter what one may think it should be worth
karenbcz [15:45]: Right ... it just keeps going lower.
Gar [15:45]: Yes, it's what someone will pay. That is the only true valuation. Same for stocks.
madriver [15:46]: and it's local.....around here it's gone up especially large tracts of land because of the marcellus land grap going on
Gar [15:46]: The "value" of a stock is simply its last trade price.
Andrew [15:46]: out FAZ -0.65%
Andrew [15:46]: long FAS 30.80
Andrew [15:47]: It looks like the buyers are winning again.
Gar [15:47]: I am watching the Dow drift upward in disbelief.
Andrew [15:47]: added to FAS 30.83
karenbcz [15:48]: That guy John Paulson CHOSE the mortgages G/S should sell to banks and investors .... then SHORTED them. He's a crook. Crooked! Should be in jail with Madoff.
karenbcz [15:48]: John Paulson maybe telling people to buy RE, so he can SHORT it again. Lying SOB!
Andrew [15:48]: How was any of that illegal for Paulson though?
madriver [15:49]: Karen you didn't even know who he was 2 minutes ago.
Andrew [15:49]: He was shorting real estate when most others were still buying it aggressively.
Gar [15:49]: Maybe he's right about real estate, but remember, a broken clock is right twice a day.
madriver [15:49]: You must of grapped a headline,.....come on
Andrew [15:50]: He also shorted some regional banks and then turned around and bought them in early 2009. He's had some great timing recently.
karenbcz [15:50]: Andrew: LYING isn't fraudulent. If I tell you SELL YOUR CLIENTS THIS so and so, it's a great investment, KNOWING it sucks, and THEY will lose, and then I go and Short 'em all .... you find NOTHING wrong with that?????
madriver [15:50]: I didn't say he was right....chances are real estate won't go down too much more
Gar [15:50]: I will be curious what the end-of-day bozo brigage will do. I mean in the final close.
Andrew [15:51]: He wasn't an employee of Goldman Sachs - just a client of theirs.
madriver [15:51]: jamm it higher then kill it tomorrow
madriver [15:51]: Actually I wouldn't trust GS with my money. I know someone that works there...no good
karenbcz [15:51]: Andrew: I'm talking about ETHICS. My g*d!! Money is great, but when you sacrifice your integrity for the sake of greed, AT THE EXPENSE of other people, you are a pig! ANd if the gov't doesn't punish you ... G*d will .. in HELL!
Andrew [15:52]: Yes ethically I'm not sure how most people in the finance industry sleep at night.
karenbcz [15:52]: Andrew: I don't have to be an employee of GS to DEFRAUD GS or their clients!
Gar [15:52]: NADAQ up +100?? Oh puhleez.
Gar [15:52]: Puts on the Q's would be a good play here maybe.
madriver [15:53]: Andrew...in all seriousness the guy I know there I went to college with and he would do almost anything to make a buck...including illegally...he did it in college. GS not my thing
nester [15:53]: looks like we may be able to play a lunar today. they are pounding the financials north
madriver [15:53]: I'm not saying he did anything illegal but I know from the past that he wasn't real honest dude
Andrew [15:53]: I don't think I would trust GS if they were my broker for day trading.
Gar [15:54]: My goodness, they are PILING in to the close. I can't even think with this.
madriver [15:54]: SHEEP SHEEP
rw [15:54]: GS would not be concerned with small 2-3hunded thousand dollar trading accounts - they only go after the big money
Joe47121 [15:54]: Gar: Your book 'Low Stakes Power Trading' how do I download it as a pdf? The link http://www.garsworld.com/LowStakesPowerBook/BookLaunch.htm brought me to a table of contents on the left with a Print this section button on top.
carr [15:54]: come on folks this is capitalism at work. If it illegal they will be charged, if not they are working within the rules regardless of whether it is moral or not.
Andrew [15:54]: I guess that 2:00-2:05pm buying action was a signal.
rw [15:54]: carr is right
Andrew [15:55]: I was just joking rw.
rw [15:55]: LOL
Gar [15:55]: Joe, that is the way it is designed. We didn't issue a PDF because it is insecure, people can send it to all their friends, or worse yet, post it to some site for free.
Andrew [15:55]: out RDN -0.3%
Joe47121 [15:55]: You can wait till after market closes. Thanks
karenbcz [15:55]: CARR; You're naive. Don't you read BOOKS. That's what Richard Fuld thought too!
Gar [15:55]: The web site you signed into is effectively a "PDF" because you can print the chapter(s) if you want.
Andrew [15:55]: out half FAS +1.3%
carr [15:55]: karen not naive at all, just a realist.
rw [15:56]: Karenbcz -------Have a good evening ------See you tomorrow.......Now I am going to look for the cat
Joe47121 [15:56]: oh I see that is what I thought... Thanks.
Gar [15:56]: This market spiking now is flying right into the teeth of everything I thought I knew.
madriver [15:56]: Take it easy. Goldman is like the mafia.....if they can keep everyone close to the fold they will be okay. If the government and divide and conquer they might have a problem
karenbcz [15:56]: CARR; Ever heard of Long Term Capital Management. That's what they thought too. "IF I DON'T GET CAUGHT, IT'S LEGAL".
nester [15:56]: FAZ is dropping like a rock...
Iswing64 [15:56]: Big time
carr [15:57]: but if you do get caught you go to jail.
Andrew [15:57]: Our close might look similar to the UK one.
madriver [15:57]: I meant to say if the government can divide and conquer
rw [15:57]: Yes up 500 or so on dow
nester [15:57]: FAZ $12 calls looking pretty good right now...
Gar [15:57]: This is a textbook lunar short setup, actually. It's blatant foolishness.
madriver [15:58]: I don't think they did anything illegal but I think they are pretty unethical but what do they care....you don't get time for being unethical
Gar [15:58]: FAZ calls at the close could be a good trade. The chances of these bozos creating momentum tomorrow are near 0%.
Andrew [15:58]: The volume today, though relatively good, is still a ton less than all the selling the 2 previous days.
ortrade [15:58]: They are ramping it up into the close big..
Gar [15:58]: Yes, which is insane, by any standard.
karenbcz [15:58]: HEY GUYS!! June $47 QQQ puts are only $1.33 .. !!!
madriver [15:58]: how about buying faz at close GAR?
karenbcz [15:58]: You've bot ONE MINUTE to buy!
karenbcz [15:58]: got
Gar [15:58]: Just buying FAZ could be good too.
karenbcz [15:59]: yetsterday those puts were $3.oo !!
Andrew [15:59]: out 2nd half FAS +1.6%
ortrade [15:59]: Just got back and exited all my shorts ~-2000$pe for the day..
Andrew [15:59]: They took us back to levels where there has been a lot of stock for sale today.
karenbcz [16:00]: FXP is only $41.10.
Gar [16:00]: The time to do shorts would have been like now, after they all piled in.
ortrade [16:01]: in experimental strategies I meant. The morning shorts worked well for the day +62$p and +262$p for the last 3 weeks morning shorts.
usdojpr [16:01]: will stay in FAZ overnight. Should get a huge bounce in the morning.
nester [16:01]: FAZ $12 calls 1.08
Gar [16:01]: I can't stay, I gotta head out. Don't forget the book folks, if you haven't obtained it already. www.garsworld.com/bookpromo.htm
karenbcz [16:01]: GAR: the June $47. puts were only $1.33. We can check them tomorrow. :>)
Andrew [16:01]: Maybe tomorrow the market will test the high from Thursday morning before the big sell-off.
Iswing64 [16:01]: What month nester?
karenbcz [16:02]: prolly June
nester [16:02]: this month...
karenbcz [16:02]: geesh!
Iswing64 [16:03]: Do those expire at the end of the month,or earlier
carr [16:03]: may 20
nester [16:03]: may 22
carr [16:03]: right nester
Iswing64 [16:03]: thank you
karenbcz [16:03]: That's EXPENSIVE!! You could've gotten JUNE Q puts for only $1.33.
nester [16:03]: don't like to pay for the time
karenbcz [16:03]: More time value = June
karenbcz [16:04]: We'll check 'em tomorrow and see how you do ... :>) $$$$$$$$$$$$$
nester [16:04]: not plannin on holding that long. dump them tomorrow
Andrew [16:05]: I think tomorrow's the hearing when Congress questions the SEC and other regulators about the market structure and what happened in Thursday's plung.
Andrew [16:05]: plunge
nester [16:05]: i try not to go out more than 3 weeks on an option
usdojpr [16:06]: Great Day today. I hope you all did well.
JayBird [16:06]: Good day...recovered 1/2 of losses
Andrew [16:07]: There was a lot of opportunity today, but I'd still consider it one of the more difficult days in a while.
usdojpr [16:07]: same
Andrew [16:07]: Lots of trend reversals.
nester [16:09]: got to run have a good nite all
carr [16:09]: congratulations JayBird, I wish I could say that.
carr [16:09]: take care nester
Andrew [16:09]: Nice job JB.
usdojpr [16:09]: Worst day ever on Friday. Best day today. WOW. What a roller coaster. I have learned more in the last week that I have in years. No more hoping and guessing. Gars book is really helpful mentally.
Andrew [16:10]: That's great usdojpr. I'm going to go buy the book.
carr [16:10]: glad to have you here usdojpr, but I think we need to shorten your name to something like usd
Andrew [16:11]: The charts of the overall market on both Friday and today were pretty sloppy.
usdojpr [16:11]: I will go in and change to JPR today. If its available.
JPR [16:11]: Its changed. Lets test it out
Andrew [16:12]: Sideways + Volatile normally is difficult to actively trade unless you either take profits quickly or use a wide stop loss.
JPR [16:12]: Carr- Youve been helpful as well. thanks
madriver [16:13]: carr...did you buy Gar's book?
carr [16:13]: JPR is good
carr [16:14]: madriver, I bought it within the first week.
madriver [16:14]: did you get a hard copy??
JayBird [16:14]: Thanks guys....but the thing is.......one shouldn't have losses like that....period. I'm not minding the store very well here in Montana with the VERY slow server connection
madriver [16:15]: everything is a little slow in Montana
carr [16:15]: no, I don' think the hard copy is out yet. I have the on line version which can be printed locally.
madriver [16:15]: okay...you answered my question.thx
carr [16:16]: JayBird, can't you get a faster connection in Montana?
JayBird [16:16]: mad....you seem to know Montana
JPR [16:16]: Online version in my opinion is the best.
madriver [16:17]: Jay..I didn't mean you were slow.....yeah I've been there many times. My sister lives in Livingston
carr [16:17]: On line is ideal because you can go back as many times as you want, and you can print whatever you want.
madriver [16:17]: works in Bozeman
JayBird [16:17]: Yes....carr....a faster connection was arranged today........16mbps is ridiculous. The problem has been the cost for extra speed....
madriver [16:18]: dsl or cable?? I hope it's not a satellite
carr [16:18]: JayBird I hope that helps, in this market you need a fast connection.
JayBird [16:18]: .61 was reduced to .16 mbps because of overusage
JayBird [16:18]: It is a satellite connection
madriver [16:19]: oh....does that ever get taken out by the sun??
JayBird [16:19]: You're absolutely right....carr
carr [16:19]: Satellite is good for download speeds which is great for data, but slow with upload which is bad for orders.
madriver [16:20]: I heard it does but maybe they've improved
madriver [16:20]: carr....satellite is last resort
JayBird [16:20]: Snow affects satellite...I think clouds also
carr [16:21]: I know, I lived in a place in California where it was the only option.
carr [16:21]: much better than dial up
JayBird [16:21]: Where was that...carr? I'm a Calif. native
carr [16:22]: It was Vacaville, but I also lived in Santa Clara and Sunnyvale
JayBird [16:23]: Bet you're happy not to be in Calif. now.
carr [16:24]: Made a lot of money in Sunnyvale and Santa Clara on real estate and yes from that point of view I am happy, but I really miss living in California.
karenbcz [16:24]: CARR: I used to live in Sunnyvale AND Santa Clara.
karenbcz [16:25]: Also Mountain View, Burlingame, Palo Alto ...
carr [16:25]: karen who did you work for then
karenbcz [16:25]: Xerox
carr [16:25]: I worked for HP
karenbcz [16:26]: Also lived in Oakland and Tiburon. :>)
karenbcz [16:26]: Worked for United Airlines.
karenbcz [16:26]: I sure miss those flight benefits!
karenbcz [16:26]: booo hoo!
karenbcz [16:26]: Now I have to use Travelzoo.
carr [16:26]: you can keep most of Oakland, but Tiburon is pretty nice.
carr [16:27]: I miss all the business travel and associated air miles
karenbcz [16:27]: Actually, I hate Calif. I'll never go back. LOL!
carr [16:28]: I really loved living there. Where do you live now?
karenbcz [16:28]: Wash DC
karenbcz [16:28]: Love it!
karenbcz [16:28]: I should've said DC "area" ..
carr [16:29]: So you don't have nasty winters like Toronto except for maybe this year
karenbcz [16:29]: Toronto? You're in Toronto?
carr [16:29]: Yes, my grand kids are here so we moved to C
carr [16:29]: Canada two years ago
karenbcz [16:30]: CARR; The reason Y I asked about RE prices ... I'm thinking of selling ... and moving to ... Central America.
karenbcz [16:30]: Panama, Belize ... not sure.
karenbcz [16:31]: Or I can just drive down the street, and be in El Salvador instanteously! ROFL!
carr [16:31]: Belize is nice but a little expensive, Panama is more affordable but not quite as safe. I grew up in Venezuela.
karenbcz [16:32]: Carr: in Venezuela? No kidding!! Fantastic!!
carr [16:32]: Yes, I lived there for 12 years, then in Belgium for 3.
karenbcz [16:33]: Carr: State Department?
carr [16:33]: No, my father worked for Firestone, and then Celanese
karenbcz [16:33]: ok. great!
karenbcz [16:33]: CARR: So you're fluent en espanol?
carr [16:34]: Si claro
karenbcz [16:34]: kewl!
carr [16:36]: heading out for the night. Good night Karen, JayBird, Andrew, and Ortrade
karenbcz [16:36]: adios, carr. Tenga buenos noches! :>)
carr [16:36]: hasta luego mi amiga
karenbcz [16:37]: hasta manana!
Andrew [16:37]: Have a good afternoon.
carr [16:37]: si hasta manana
Andrew [19:16]: Goldman Sachs Has First Perfect Quarter With Zero Trading Loss http://preview.bloomberg.com/news/2010-05-10/goldman-sachs-has-first-perfect-quarter-without-any-daily-trading-losses.html
karenbcz [22:17]: Why am I not surprised? (G/S)
karenbcz [22:18]: If I controlled the markets, I'd have no trading losses either.
karenbcz [22:18]: It's called Zero-Sum game.
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