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agree
Keep doing, what you're doing girl!
If you have any educational material, i am always looking to learn more. I am planning on trading full time soon-so its vital that I am as much of an expert as i can be.
CF started running 20 min out of the gates. ADX CCI and MACD all showed clear movement up on the intra day charts (3min) they crossed 20MA and 50MA at 9:45am. I caught it late, and decided not to chase.
Any chance of a pull back in your opinion?
SPY couldnt break previous HOD, looks like a double TOP. Whose ready for SPY puts? IMO market looks like its having a hard time going higher..
Agreed on SPY puts. We are reaching 2012 highs, IMO this should not be so. Just waiting for the bears to attack at this point..
Jimmy- as soon as i quit my job and trade FULL TIME i will be subscribing to your website and chatroom. This should be within a few months, def start of 2013.
Good job to everyone who made money on PCLN. Work got the best of me and i had to power off my trading station...
$aapl and $pcln on watch. along with CMG and MA. Let's have a great friday folks!
p.s. FB was an easy short wasnt it? at $22 a share right now. that POS
I have never seen PCLN fall down so fast..GJ to those that played the puts..now watching for a bounce
Awesome, i will be joining you. Thank you!
Ok awesome, thank you. Will probably use both accounts, etrade and optionshouse. I like the etrade pro for day trading. stockcharts.com just doesn't cut it for me.
I will be playing the bounce, depending on what intraday charts tell me. Apple has a P/E ratio of 16 and analysts estimate a $800 price target on it, some even up to $1,500 Lol.
I think the fact that AAPL missed analysts expectations, will cause more talk about global recession and the world coming to an end and etc..good chance tomorrow will be another -1% day. gotta check the economic calendar for tomorrow.
does your brokerage charge you .75c per contract bought? I use etrade and they charge the hell out of me anytime i purchase calls/puts that are way cheap.
No idea what to tell you. I am several thousand deep in there, now worth a few hundred..Hold and pray scenario. Never investing in penny stocks again.
Looks like someone smart sold off on fb. I was looking to short it coming into earnings.
have a good weekend man. Enjoy your vacation. agree on the upside for AAPL
thanks for your response. I guess he has a good instinct. I'm very technical on my trades, i never go on hopes and dreams anymore after having some mistakes.
You sure have some great plays man. Maybe even start a website like Jimmybob did :p
Can I ask you a question- what do you look for when you enter a trade? I jsut want to see if there is something i am missing. I don't like to enter a trade unless it's screaming at me to do so with my technicals.
MACD, CCI, ADX, and STO
missed PCLN and AAPL runs due to a conference call. This is ridiculous!! I need to start trading full time and forget about work
great play bud!
with sideways movement on last day for weekly calls- they will go down based on time expiration. Be Careful.
This is what im saying.. AAPL is faced with resistance at 605 and 603 on the 3 min chart. If we break 603 and 605 high change we are going to 610
I agree. I have my 1 min chart open on AAPL and PCLN. PCLN disappointed me today, besides the quick run up in the morning, nothing happened. NFLX is disappointing as well. I think i need to find some stocks that are None Tech.
I love crazy spikes on fridays and playing weekly calls. Makes it quite simple to take 100%-200% profit, still waiting for todays play.
AAPL calls lunch time!
Dear traders,
Are we expecting a small dip in the morning and up up and away? Market has been down for 4 consecutive sessions and today with no bad news yet, we should be seeing a +1% all across the board IMO
Im watching: PCLN, AAPL, NFLX, JPM
keep doing what you're doing! Great job.
Something is off with that ETF. I was looking to buy calls on Friday, glad i did not. Had a feeling this may happen.
Im with yaa.. I have recently had a nice loss from over night investments, sticking to day trading.
on another note, surprised to see cnbc post something like this for once.. http://www.cnbc.com/id/48013560 usually all they do is speculate and hype things.
SPY looks to close at HOD, usually a sign for a move up next day..def holding off on VXX calls right now. Also some big buying volume on BAC right now, seems like institutions know something we may not.
I honestly don't think market will have a rally into next week..but then again anything is possible these days..I may hold off on VXX calls, one of my rules is not to hold anything over night..decisions decisions.
thoughts on July 21 VXX $16 calls? Thinking of picking some up..
thanks for your input bud. I have not been identifying support on the 1,3, 15 min charts..i will pay close to attention to that as well.
Finally getting real confident, i have been sharpening my skills for awhile now. Looking for good gains now. Have my margin and cash account. No reason not to make $$ at this point.
Also noticed that anytime candlesticks dip below 20MA it's usually a good downswing, and vice versa.
gotcha, same here. I also use ADX, great tool. Today for some reason i did not see the upswing happen, no trades for me yet, just working (gotta love freedom of the corporate world) and watching stocks. Will be looking to make a move during EOD.
I've been following your posts, great job. I also like that you play with a nice bank roll. No risk, no reward :)
what technicals do you use for intra day charts?
this sideways movement is messing up my plan for this Friday..maybe we will see a good spike or plunge towards EOD. IMO, there should be a sell off by EOD.
Jimmy good morning! Let's make this a great Friday now :) Will be watching for a small dip then up up and away.
yes, thank you so much.
nvm. just confirmed, if it is a cash account it does not qualify for pattern day trading rule. Therefore you can do as many day trades as u want as long as u dont use that unsettled cash..always consult your broker though just incase.
hey this is exactly what i thought..but i have confirmed with etrade just now and they say that regardless of cash or margin account any 4 round trips within 5 business days is considered as a pattern day trader and gave me this link.
https://us.etrade.com/e/t/estation/help?id=1307030000#Know2
I am beyond cofused..
"Learn about FINRA Rule 2520 and NYSE Rule 431 Day trading is the practice of opening and closing an equity or option position (i.e., buying and selling the same stock or option) on the same trading day. A same-day buy and sell, or a same-day sell short and buy to cover, is considered a day trade.
If you make four or more day trades in a rolling five-trading-day period, you will be considered a pattern day trader under these rules. However, if the day trading activity does not exceed six percent of your total trading activity for the five-day period in question, your account may not be designated a pattern day trading account.
If you meet the definition of a pattern day trader, you'll be required to maintain $25,000 equity in your brokerage account at all times. If your account equity falls below $25,000, a day trading minimum equity call will be issued on your account requiring you to deposit additional funds or securities.
In order to meet the $25,000 requirement, your pattern day trade account will earn credit interest on the free credit balance.
As a pattern day trader, you'll be granted day trading purchasing power up to four times your NYSE margin excess.
Pattern day trading status only applies to customers with margin accounts. The day trading rules apply only to the buying and selling of the same stocks or options on the same trading day. They do not pertain to mutual fund or bond trades and are not applicable to positions held overnight or longer.
Note:
Per NYSE Rule 431, stock transactions in cash and retirement accounts are subject to T+3 settlement. In other words, if you sell shares of stock held in your account, you may not use the proceeds to purchase another security until three market days after the trade (the settlement date of the sale). Options trades are subject to T+1 settlement."
Market is rallying...bear rally, may see this for 2-3 days depending on current events.