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S2 Whats going on,busy with new home.Miss your comments here on the the market.We all know MRVL has been a POS,who knew.Looks to me though semi's are going to set up for a future run.Come on back and at least chat with the quys and gals,we all need each other.
Plash I was not recommending them as swing trades,only as a daytrade.Was able to make 5200 on them,than i move on.If your into a swing trade be careful at lot of these stocks will use there juice in one day and pullback.As long as macd is positive and stock moves above the zero line on macd,plus above 5ema and 20sma i think you maybe fine otherwise move on.A lot of times gap has to be filled,which i don't like to tie up capital as to many daily opportunities.I'm not into giving guidance as far as direction or range of a stock but the tech's i've posted in past work well.I prefer the day trade.Why i recommended them on a day trade,often a stock that gaps up,opens and goes higher will pull back.The pullback gives you a second chance to re-enter the stock for some good gains.AW ran above 15 min high 10.07,broke out ran to 10.39 started pullback to 10.20 becomes support buy,runs to 10.47.CGNX ran above 15 min high 17.84 to 19.85 ,pulls back forms slim jim ,buy at 19.00 runs to 19.97.RADS runs above 15 min high 15.95 to 16.81 pulls back to 16.00 ,buy runs to 16.55 sold off.Any stock that gaps open on news,earning or what ever often re-acts this way.There are a few others i look at but this pattern is safest.Like i said in past if you day trade you should review each trade and the chart so it's telling you something.LEARN from it.I'm a very slow typist so hard for me to re-act and post trades as i've got too many charts to follow,as i'm sure i'm one of the older traders here.Does anyone know of a free chart site i could use to post a day charts i could use as examples if i'm up to it.
THANKS WATCH CGNX RADS AW OUT NOW UP 4374 MAY REVERSE WATCH FOR CROSSOVER.SINCE ITS FRIDAY I'M DONE
I use briefing.com as my source.Besides earning i look at upgrades,only as a day trade.Plus any stock that has news that may be of interest.$30.00 month one trade and its payed for the year.
IS MARKET OPEN ON MONDAY
Not taking any questions tommorrow.This CANUCK BECOMES a YANK,why how would you like to be paying taxes in the area of 55% yea thats right,so when i here people here complain you have no idea.
you will find stocks that break above thei 15min high will have a uptrend that day and and those that break below the 15 min low go lower.ITS THAT SIMPLE.IS IT 100% NO BUT GIVES YOU ADVANTAGE BELIEVE ME.take alook at these stocks that reported today VECO EVR HCP LNCR TAP ACM
IF we look at mrvl min15 high was 11.51 at open,NEXT HIGH 11.46,NOW LOOK AT THE 15 LOW it was 11.31 has now become resistance.SO if you wanted to short play 15 low ,i don't,always have a long to play
the 15 is the first 15 min high of the stock.What ever that price is.Note it many times it will be the breakout and a support.WHEN playing any stock that gap up wait for that 15 high.I have found a high % move above it.Its note 100% watch it closely.On the buying and selling depends on volume,i don't worry about a couple of cents.found problem with buying on limit you never get in,selling on limit is when you want to get out,so i try to sell on uptrend.Check lots of stocks you'll see how right i am on 15 high.SAFTEST PLAY THERE IS FOR DAY TRADE.however with the indicators i use can also play reversals saftly.just don't greedy.3-4 stocks easy to make 500 to 1000,problem is i've spent many years teaching myself,and i've given it to you guys free,so go out and make some money,have fun
Rambos i was referring to when i bought and sold mrvl yesterday.ONCE again set your chart up USING 5ema 20sma 50sma and 200sma,and macd.The time frame is 1 min for that day,or 3 min when chart is hard to read.I will check the stocks daily,100 day when i want to see its overall trend and support resistance levels.I do not use DMA.When the 5ema crossed up thru the 20sma yesterday thats when i bought.WHEN it moved above the 15 high i bought more.STOCKS that move above the 15 generally will be positive that day.For beginners thats all they should buy on.As the stock moved up during the day it bounced off the above indicators.The trend was up so easy to play.WHEN it had trouble getting above 11.50,a high of 11.58 it broke hard with 5ema below 20sma thats when i sold.When it started forming lower lows you knew it was done for the day.Like i keep saying set up your chart with the above and look at what happen's do it in after hours and try different stocks,you'll see in no time.
much easyer to be in cash each night and not have to worry about individual stock ,or is your option going to hit its strike.Look at today,bought after crossover and sold after crossover. 1600+ today.stock looking weak now,rising on falling volume,macd trending lower (still positive needs watching).All this means i get to buy back at lower price,I suspect mrvl will be down,unless BRCM shows some strength.They have been trading hand in hand.IF brcm can break through 20sma it will lift mrvl.
Rambos more interested in stock or stocks i play that day.Often sector has no play in stock daily performance if earning are exceeded or provides guidance.Remember this is a day trade not swing.What i do check is major index's and trend.such as $dji,$spx,$sox,$compx.PROVIDES ME MORE OF FEEL FOR MARKET AND SIZE OF TRADE.Many time's the stock i've have played are the only ones in the green and market is down.Just trying to make consistant $1000 per day or more,not looking for home run's.I stick to stocks i have selected for the day and play them.Today noting looked good premarket,oil stocks did not look good premarket yet i was aware of b.s. from south america.Yet they had very good day,it was based on news noting more.So which one do you select.Thats why i deal with earning and indivdual plays(specific news on a stock) at least you know why its moving.To me a stock or symbol means noting,as a daytrader you have to separate yourself, you what movement.If you get hung up on a sector or stock than your playing with emotion.You have to take emotion out of your trade.Remember your up against computers most of the time that function with zero emotion,but what they are programmed to act too.Thats how i see it right or wrong works for me.
IT'S GETTING DOWN TO WHERE I MIGHT PLAY IT.PROBLEM HIGH PRICED STOCKS WITH NO NEWS OR EARNING FOR THE DAY VERY UNPREDICTABLE.CAN LOSE ALOT VERY QUICKLY.out of mrvl on todays trade made $1637.00
only stress from mrvl,sticking to what i see on chart has been the best thing i've done.Rember i'm a MTM trader for tax purpose's so wash sale has no effect on me.I'm not affraid to get out or re-entre position.I also do not use stops,yes they tell you to, but i'm on top of it.When you plays as many stocks that i do,average 3-5 per day,you get to the point you know where it's going.Stocks that report good earning are almost run the same type of patterns.I suggest you take 3-4 stocks each day that report above average and see what they do that day,and or next 2 weeks.i'm sure you'll learn from that.Keep records or paper trade and see how you do.Remeber its not a buy and hold,its when to make the most in and out.The reason i say 2 weeks look for stocks that form a bull flag after earning report.Rember market does not give out free cash,its knowing what to look for.I personally don't play the bull flags as i find enough else where,however if your looking at a swing trade they may be the best.
SOULD HAVE READ "DIDN'T EXPEXT THIS TO HAPPEN" hope my typing error clears up my last statement.
RAMBOS IF YOU HAVE 50,000 OR DEPENDING ON # OF TRADES SHOULD LOOK AT ETRADE PRO,AMERTRADE YOU CAN'T BUY AND SELL OFF LEVEL II WITH PUSH OF BUTTON,HAD AMERTRADE COST ME IN THE END.your right if i would have followed what my own rule in nov.Problem a lot of talk here about LBO or MBO or what ever,thought stock was going to take a quick gap up and was thinking what the hell maybe some one knows something.never happened so back to my usual play.Still pissed Laker gives up on stock near the bottom,YET to explain that one.Added point with ETRADE PLATFORM I explained how i set up my trading format.The other thing you can change TO A NUMBER OF LAYOUTS.EACH LAYOUT HAS FOUR PAGES.So my trading layout use's one page,i would have 3 additional page to switch to if i wished.That one page than covers all four screen's.I USE ANOTHER LAYOUT THAT HAS OVER 500 STOCKS SPREAD ACCROSS FOUR SCREENS.THEY ARE BROKEN DOWN BY INDUSTRY AND SEGMENTS.GIVES UP GOOD LOOK AT PRE-MARKET MOVEMENT ON STOCKS AND MOST ACTIVE.Than at 8:00 am swith to my trading layout and my 8 charts and watch lists i perpare for open.You sure amertrade doesn't have 1 min time frame,its standard.By the way i never short haven't found a need for it.and to short 5000 shares would be foolish.better to buy puts or covered call.safer.BOTTOM LINE DID EXPECT THIS TO HAPPEN EITHER DID S2 WHO I HAVE THE GREATEST REPECT FOR ONE OF THE BEST I'VE EVER READ.HE HAS FOUND HIS WAY I'VE FOUND MINE,JUST PASSING IT A LONG.
Strange on wed,i sold 7500 shares at 10.83.Thursday I bought back after stock reversed at 10.35 and high ends at 10.83.Friday buy at 10.84 new it was going to break 11.00 and as usual FRIDAY get out by noon.MONDAY buy ABOVE 15 high OTHERWISE STOCK COULD BE DOWN.
market makers are the big boys on the street,Their profits come from the spread they create.They drive up or down prices to there advantage.They do this not for you but them,they really don't care about what a stock price is at it's the spread,by selling thousands of shares.I have many times in the past found when i buy that price becames a support level.Why I have no idea,is it something to do with there auto programs,but it is amazing.Yes i do buy out of the norm and use market orders for placing orders and limit orders when i sell.The number of shares i sell often triggers a selling rush which pulls the price down.I than can re-enter the stock with 1/2 the position for more gains than sell with a market order.The book THE MASTER TRADER i read many years ago so stated treat the market maker as your enemy.They are always on the other side of the trade.I've done this for a long time now it's just interesting to me how a stock moves after i place a trade.SLIM-JIMS are fun (a stock that flat lines for a period of time.I place a large market order,it triggers other orders sitting there and watch it run i wait to pull the trigger,than i'm out with my profit.I'm saying i'm taking control not them.
RAMBOS DAY,remember the K.I.S.S RULE keep it simple.ALL you want is something to tell you to get in and get out.And real time support or resistance,you'll be supprized how often they are hit.I can have with etrade the same stock up on a number of different time frames.Often when I'm in a position I will use A 1 MIN daily 3 min daily and a 100 day daily.So many times you can see the stock hit these levels.In my opinion this happens today because trades are done by large institutions done by computer.They don't rely on there tradres to excute any longer.Know what is coming watching the movement,volume you know how to saftly to get out.pisses them off when.Rambos I'm not a member to this site so lilimted to my posts
Rambos as i've said before i use the same indicators for day trade or looking at a stocks trend.PLEASE do some comparison's on some stocks using different time frames from a 1 min day trade to a daily chart over 200,or 1 year.If you spend the time you will see i'm right.NOW regarding yor articule.Yes many people do lose daytrading.I MYSELF SPENT 2 YEARS PAPER TRADING,LOOKING AT DIFFFERENT PLATFORMS TRYING DIFFERENT SWING TRADING SITES AND A LOT OF READING.I HAVE BACK CHECKED EVERYSTOCK SITE I EVER USED AS FAR BACK AS POSSIBLE.I WOULD PUT MY TRADING INDICATORS I USE UP AGAINST ANY OF THEM.I DO THIS TO MAKE MONEY NOT LOSE.YOU HAVE TO DO YOUR OWN HOMEWORK NOTING IS PERFECT.SOME TRADES CAN GO WRONG WHEN NEWS COMES OUT WHEN YOUR IN A TRADE ,PUT CAN ALSO BE POSITIVE WHEN IN A TRADE. Rember thousands of people try to day trade from the get go.KNOWLEGE IS POWERFUL WEAPON.This site not knowing what you for $899.00 GIVES YOU.For free I'LL give you this.Plan in being in cash the end of the day.Take your profit quickly(watch the indicators i've given you)DON'T get girdy.Have a set $ amount you wish to achieve per day,be it $50 or $1000,once achieved your done.IF YOU HAVE A TRADE GO BAD WALK AWAY,REMEMBER END OF YEAR IS WHAT COUNTS.DON'T TIE UP CAPITAL IF YOU CAN NOT AFFORD IT.TRADE WHAT YOU SEE ON THE CHARTS.You have asked me many time looking for some numbers.My best one day trade on one stock just over $17000.ON A INVESTMENT OF 1000 SHARES AT AROUND 100.00 MY WORST $8000 WHEN I WAS USING A STOCK SITE FOR SWING TRADES AND THE STOCK DECLARED BANKRUPTY 3 DAYS LATER.Now its MRVL 45000 BECAUSE I LISTENED TO THE INFO ON THIS SITE NOT WHAT I SAW ON THE CHART.IN THE END I WOULD HAVE BEEN RIGHT.I CAN AFFORD THE LOSE MANY CAN'T.I WILL MAKE MY MONEY BACK BECAUSE I WILL BUY AND SELL 5000 SHARES AT A TIME.THIS DRIVES THE MARKET MAKERS NUTS BECAUSE I'M TAKING THERE PROFITS. I CAN TELL YOU I CAN HAVE THE EFFECT I WANT ON THE STOCK IF I WISH.DON'T GET MAD I GET EVEN.When i trade i try for 3-4 stocks per day with no more than 150000 invested for the day.I perfer to stick to 500 to 1000 share lots.So to make $1000 per day is achieveable or me.A weekly goal of $5000,my last 2 weeks i've neted $12489.00 and never exceding $150,000 per day.This does not include MRVL which I've made back $3119 in last 2 days.With MRVL I'll keep and running total until i make back my 45000.
don't care anymore about mrvl,only going to day trade it.
08-Feb-08 07:06 ET In Play Windstream reports Q4 (Dec) results, revs in-line; guides FY08 revs in-line; board of directors adopts $400 mln share repurchase (10.99 ) : Reports Q4 (Dec) earnings of $1.25 per share, includes a tax-free gain of approx $451 mln related to the same of the co's directory publishing business and $3.3 mln in merger and integration costs related primarily to the acquisition of CT Communications, may not be comparable to the First Call consensus of $0.24; revenues were unchanged from the year-ago period at $827.8 mln. Co issues in-line guidance for FY08, sees FY08 revs of $3.160-3.290 bln vs. $3.25 bln consensus. Co's board of directors adopted a $400 mln share repurchase plan that will expire at the end of 2009.
From briefing .com you get report as soon as earning is posted.They also provide a list,of up coming and results.PICK YOUR STOCKS.I CHECK WHAT INDUSTRY ITS FROM AND AVERAGE DAILY VOLUME AND CC TIME. get that from yahoo.Some will appear on site hot list but not always.First rule stock must open higher than prior close otherwise for get about it.When you do this over and over you will see patterns that repeat over and over.LEARN THEM.
when 5ema crosses thru 20sma buy,back down sell.50 use as support if macd above 0 line and positive.200 will also at as support or resistance.you'll learn fast enough ,look at different time frames and you will see how often they come into play.ONE THING BE VERY AWARE OF REVERSAL TIMES OF THE MARKET.they could have major effect on whats happenening with a stock.One thing about playing earning stocks,they tend to lead the market that day and tend to be up even when market is done.
no broke my own rule for the first time,thought people here knew more about stock than i did.did not realize they were more buy and hold ,should have bought coverd calls on it.What i've been telling took me hours of work and study of thousands of charts.believe me i used to subcribe to all kinds of stock guru's,of buy and hold.Never saw one make you real money .They quote % of wins accumalated.For me its $$$$.WHY the % on a 5.00 stock and investment is not equal to 100.00 stock.So when i buy 500 shares on a 100.00 stock and it goes to 105,thats 5% me its 2500.Done for the day 1850 today,no shorts
100 to 200 % that is achievable easy.just stay away from buy and hold.if you have hold, if it does not turn for you in 13 days get out,and move on.remember i like to play earning,thtas stocks that should move up.However some gap up ,pull back and form a bullish flag so thats why i say 13 days.
Post them on chatrs and follow 5ema 20sma 50 sma 200sma,you will find resistence and support are hit all the time.you different time frames and study the chart you'll see i'm right
1 min and 3 i what to know what is happening now not 5 min from now.If you can afford get a sub to briefing.com 29.95 month They post earning and upgrades daily.Use guidlines i've posted you won't need to have me tell you when to buy and sell because it may be after the fact.LEARN TO TRADE BY WHAT YOU SEE NOT WHAT YOU FEEL.
Rambos all i've been doing is showing you how to daytrade,a $50000 account gives you 200000 for daytrading.Carryover of 100000.SURELY if you can't make money with that ,you shouldn't be trading.
rambos this is daytradeing not buy and hold.The numbers i give you are in real time.Thats what you deal with,thats how you make money.
sold mrvl at 11.23 it's friday ,maybe it will turn later maybe
Use them all,plus today see how 50sma came in to support on mrvl.knowing 11.25 was resistance on daily,to early to sell.Lets see if it can make it thru,brcm is strong today so expecting it to
A POOR DAY FOR ME IS $1000 ,I DRIVE A 2007 MERCEDES SLK YOU FIQUIRE IT OUT,MRVL JUST BROKE THUR 11.25 20SMA ON DAILY WATCHING CLOSELY NOW.
If you buy and sell using my indicators not much stress ,doesn't mean you can't be wrong.ALWAYS ANOTHER DAY.
only play stocks up to $100. or to pricy for me.I usually buy 500 to 2000 shares per stock
I never short stocks.
full time
from 10.80 to 12.60,yesterday jdsu yesterdays earning moves up 20%.moving down now.Remember market maker takes the opposite side of the trade.Can't explain it,read up on it or ask S2 TO EXPLAIN.JDSU falling yet macd rising
follow up never play stock if cc is not completed so check times,you can get that off of yahoo
looks like its going to fill gap.buy more at 10.80 or abouts