NJ! how you been dude?

be very cautious when trading TZA, TNA, FAZ, FAS, etc...

For those who aren't familiar, I highly recommend you never hold these overnight as they can turn on you very quickly. they 3x levered ETF's that follow specific sectors.

The market is extremely volatile as is, 3x is volatility on steroids. I trade FAZ and TZA once a day or so...but I'm literally in and out in 10 minutes max to take a little scalp.

hey nes- yeah, sorry...things been crazy! my wife's gone on to bed rest as she was having early contractions and we're at 35 weeks now...so safe to have the baby late next week! needless to say, with a 2.5 year old running around, I just haven't had a ton of extra time.

that coupled with the market conditions, my attention has been insanely focused on trading during trading hours...go figure. but consistently having solid days right now so I can't complain.

getting into a groove, and as long as the market can somewhat stabilize, I can commit more time and money into pennies to supplement my trading ;)

I'm going to make a post to all interested parties to bring some assistant admins on the board here so that the board can still thrive, and I can check in from day to day. hoping we get some real winners and heavy volume coming back soon. OTC's looking pretty stale still.

cheers!

yeah, I bet. can imagine moral isn't soo hot right now eh? It will all work it's way out for sure though. It's just a f'd up market and management needs a shake up imo.

hey! biggies have been good this month. a lot like pennies actually! fast and dangerous. but one of my biggest months this year so far....but can change in a flash.

about the cash PDT issue...I'm pretty sure that if you have a cash account and are not using all of it, you can get away with the day trades. but when you start using all of the funds is when you can get in trouble???

not sure really....I've only got one cash account and I never really tried to day trade it, guess I should.

I finally made it back above PDT this month in my TDA account so smooth sailing from here.

Yes! In addition, once they flag a cash acct as PDT they force you to go margin.

Where u been Nick???

no, you're done. closing transactions only. they may give you a one time get out of jail though if you tell them you didn't know ;)

there will be more opportunities ;)

Absolutely correct! All we need is volume back!!!

For sure! In years of trading, and even more than 2008, I have never felt less comfortable than right now.

Pulling an overnighter, whether long or short has been very scary, and has backfired on me twice now in 2 weeks

My only hesitation is another learning curve. Because I trade for a living, I can't really afford to learn hard lessons in this market

wish I knew how to trade forex, seems to be a good time right now.

Hope so soon. Never seen it so slow.

on a transfer "into" your trading acct? as in "from" your bank??

if this is the case, then it's a clearing/settlement issue if you're doing it via ACH or electronic transfer.

The only way to avoid this is by "wire transfer" as it's more or less instant. I'd rather pay my banks $12 wire fee to have it there in 30 minutes than to have it tied up for 3 days.

looks good. fair price. could settle out a bit more, but great company and good value. will bounce

HDSI - big pump in the works. get in, get out...take profit.

should be able to get a double +

don't be greedy

My main complaint about zecco among others is speed.

Once you use the Think or Swim platform, you'll never go back to webbased

depends, sometimes you can't trade them just varies from stock to stock. sometimes you have to do a phone trade. no extra fees that I've ever come across.

looks good. 60 min turned positive, and still waiting on the daily....got some room to go.

1. TDA hands down across the board.

2. Interactive Brokers great for higher value accounts, and mostly big boards.

3. etrade pro

forget about the rest.

I recommend setting up multiple accounts until you build your buying power. you can even set up multiple accounts with the same broker and keep them unlinked.

Nah...when OTC picks up more in a couple weeks I'll be here a lot more.

Right now gotta make money ;) and market too wild to trade and post at same time.

This is interesting, trying to picture it? Can u post a screenshot???

Yep!

Nope, you can tell me. But even in hindsight I wouldn't have done it. Nothing personal toward you or the stock.

Just not playing with pennies right now unless absolutely all signals are there for me.

Can't risk my money getting tied up overnight or longer right now

Would wait and see. Everyone else out in past week with better earnings reports and they tanked. Could see a 10% decline.

ATTENTION BOARD - AUGUST 9TH 2011!!

DUE TO MARKET VOLATILITY.....and the fact that my primary intention is to be a trader ;) I am going to be moving ALL INTRADAY commentary to Twitter at least in the mean time.

Unfortunately, iHub takes too much time to both alert, and follow during the trading hours. One (I) can incur losses in a second if you're not on top of it.

Twitter is instant, easy to follow, and you will have the best opportunity to time the trades correct.

FOLLOW NOW!!

http://twitter.com/#!/eljefetrades

don't let it suck you back in ;) she'll rape you!

TLAG is a MASSIVE scam company. just take the profits and run ;)

if you're trading big boards intraday, forget out bollingers, fibs, rsi, etc.

MACD
TRIX
STO
PPO
ADX

Mainly MACD and TRIX and VOLUME. the rest is not going to give you a good read. MACD and TRIX will tell you when to buy....selling is the key ;)

news is good...just no volume. may be good for some, but not for me right now

too risky of a trade for me at this point. don't want to get stuck

still a no brainer here. market cap below 3B, and an Apple deal will put this well over $110/per share...

actually looks pretty good. the 60min chart shows an attempted reversal on friday. will have a better look on monday though. my guess is it's still a few days (at least) till breakout. but coming soon

where you been? not sure on next week...won't know till we get there ;) it's been wild and crazy!

no prob. good grab. I think Saks is a bit undervalued, and although will see some pressure if we go into recession (lol), it's a good few day swing trade.

good gains ;)

yea, when I have a single trade to work on in a day, I usually take the last train out of the station. which for me is between 9:30-10:30 PST. Gives me the best chance to come off true bottom, and best chance to go for an overnighter if I HAVE to.

nice. don't be greedy on this one though. I'd take the double+ instead of holding out for 3/4

nice swing. congrats. hope your position was large enough to make some coin ;)

nah, missed the boat early....I never jump in late on first run. may or may not get in as it retraces here setting for next run

looks good. nice grab from the morning...will consider it in a couple hours for a swing trade, but want in sub 2.2

TODAY'S PLAY BY PLAY....

http://twitter.com/#!/El_Jefe_Trades