Trading with Jerry Olson

[Jerry Olson]

we some times make mistakes that costs us...but if you have confidence in your ablitiies then you can overcome losses..

here's live trades this am and a comment on Zeev;s thread...

http://investorshub.advfn.com/boards/read_msg.asp?message_id=21977269
=============================================================

(6:19 AM) Paltalk: TO ALL ROOM MEMBERS STICK TO THE RULES, ALWAYS USE STOPS, NEVER LET HARD WON PROFITS DIE, AND MOST OF ALL HONOR YOUR WORD AND COMMITMENT TO YOUR PROFESSION. ACT LIKE A PRO AND TRADE LIKE ONE.






(8:00 AM) road123_1: pleasant morning again I see
(8:01 AM) Greenback1: is there any other type of market these days?
(8:02 AM) road123_1: sure happy to be in cash to start the day.. they just started really pushing us down hard in the last 10 mins, real hard
(8:49 AM) gemini624: GM anyone talking or sitting in the room?
(8:51 AM) Greenback1: not talking, sitting
(8:51 AM) terry449: gm all
(8:51 AM) gemini624: Thank you!
(8:52 AM) road123_1: watching NVDA trying to hold 42.25 area
(8:58 AM) Greenback1: gm
(8:58 AM) road123_1: gm jer
(8:59 AM) cgeorge405: was up over 48 last night
(8:59 AM) KB321: GM
(9:09 AM) road123_1: FSLR selling hard
(9:11 AM) Greenback1: maybe the fed accepting mortgage notes as collateral is their way of a bail out
(9:13 AM) brownbear7: crude got to your 70.50 number jer
(9:21 AM) blacktruck57: they better
(9:21 AM) Greenback1: yes
(9:21 AM) Greenback1: $19 billion
(9:21 AM) KB321: YM low 13130
(9:22 AM) cambria1895: morning jerry
(9:22 AM) blacktruck57: oh yeah
(9:23 AM) blacktruck57: did you catch another indians call?
(9:23 AM) blacktruck57: another indian
(9:25 AM) grobb505: short a little dxd?
(9:29 AM) butterflytrader: any sound?
(9:29 AM) cgeorge405: y
JerryO3434: NAND
(9:31 AM) road123_1: SNDK holding
(9:32 AM) gemini624: I think I love listening to y'all call out the futures more than I like to trade.
(9:33 AM) rick007_3: nstk killed
(9:33 AM) road123_1: wow ANDE
(9:33 AM) road123_1: yesterdays winners todays losers heh
(9:33 AM) road123_1: SNDK flying
(9:34 AM) rick007_3: crammer pump last night
(9:34 AM) rick007_3: sndk
JerryO3434: GS
JerryO3434: LEH
JerryO3434: MER
JerryO3434: BSC
(9:35 AM) road123_1: CSCO
(9:35 AM) rick007_3: nstk bouncing'
(9:35 AM) cafescuderia: BTU, up megaphone look at 3min/5day.
(9:35 AM) road123_1: hehe just a little
(9:36 AM) rick007_3: they killed nvda
(9:37 AM) Greenback1: ANDE may be down on crop report
(9:37 AM) rick007_3: klac up .46
(9:37 AM) azman2: order in for sept 30 call on cree
(9:38 AM) blacktruck57: my charts are down on nq/es
JerryO3434: LONG NVDA AT 42.71
(9:38 AM) rick007_3: you broke up jer
JerryO3434: SOLD NVDA AT 42.97
(9:38 AM) bocarat1: didnt hear him either
(9:38 AM) rick007_3: got in at .90
(9:38 AM) rmn38_2: y
(9:38 AM) rick007_3: y
(9:38 AM) butterflytrader: y
(9:38 AM) stann8: yes
(9:38 AM) new7979: y
(9:38 AM) john015: yes
(9:38 AM) cafescuderia: Heard you mostly.
(9:38 AM) rick007_3: off
(9:39 AM) road123_1: SNDK really amazing
(9:40 AM) rick007_3: crammer spent 10 min on sndk last night screamin
(9:40 AM) rick007_3: nvda
JerryO3434: LONG SNDK AT 57.15
(9:44 AM) cgeorge405: ESLR, MCK highs
(9:45 AM) rick007_3: laser locking up
(9:45 AM) road123_1: I think SNDK still good.. just gotta lose stops today
(9:46 AM) road123_1: takes 58.25 she should fly
(9:46 AM) road123_1: 57.25
(9:48 AM) road123_1: this SNDK is loadeed with shorts, they are dead here
JerryO3434: SOLD SNDK AT 57.25
(9:49 AM) road123_1: 57.25 battle
(9:50 AM) blacktruck57: fcn
(9:50 AM) road123_1: but SNDK has the fundamental story and shorts to make it happen
JerryO3434: LONG NVDA ATV 43.73
(9:50 AM) blacktruck57: ICFI
(9:50 AM) road123_1: so hard to place stops today,
(9:51 AM) road123_1: im long and strong SNDK
(9:51 AM) rick007_3: haha
(9:51 AM) road123_1: SNDK woooo
JerryO3434: SOLD NVDA AT 43.88
(9:52 AM) rick007_3: yeh hah
(9:52 AM) cambria1895: nvda 95
(9:52 AM) kboston: QID LOD
(9:52 AM) blacktruck57: long nq
(9:53 AM) kirke-01: I got stopped for 20 but made it up on NVDA
(9:53 AM) kirke-01: (sndk)
(9:53 AM) kboston: cant follow you, my puters to slow to change charts
JerryO3434: SS QID AT 46.52
(9:53 AM) kboston: cool i'm short at .76 weeeeeeeeeee
(9:53 AM) cgeorge405: TASR hod
(9:54 AM) SUMIN985: mic
(9:54 AM) SUMIN985: sorry
(9:54 AM) cgeorge405: ESLR hod
(9:54 AM) kboston: i hear you was gonna sell but now your short too...
(9:55 AM) kboston:
(9:56 AM) rick007_3: qid may hit triple top on 60 min
(9:56 AM) kboston: i'm off at 5 ema 5min
(9:56 AM) cgeorge405: OMTR hod
(9:56 AM) rick007_3: could go to 46.00
JerryO3434: 1450 IS R
(9:58 AM) rick007_3: need thru .53
(10:01 AM) road123_1: im back on SNDK 57.1, just small
(10:02 AM) road123_1: SNDK is crazy
JerryO3434: COVERED QID LOST 20
(10:05 AM) kboston: qid short at .95
(10:05 AM) rick007_3: wow qid exploded
(10:05 AM) rick007_3: glad we got out
JerryO3434: SAR
(10:05 AM) butterflytrader: n
(10:05 AM) rick007_3: candle on 5 min said up off 5 ema
(10:06 AM) road123_1: SNDK still holding
(10:06 AM) rick007_3: with ya GW
(10:06 AM) road123_1: 57.25 needs to give
(10:06 AM) rick007_3: neg div on cci and rsi on qid
(10:07 AM) butterflytrader: what's a SAR?
JerryO3434: SELL AND REVERSE
(10:07 AM) butterflytrader: thanks
(10:09 AM) road123_1: I hope
(10:09 AM) road123_1: : )
(10:09 AM) blacktruck57: just crashed my 1912.10
(10:11 AM) rick007_3: made money on qid trade
(10:11 AM) rick007_3: not much but some
(10:12 AM) rick007_3: qid could roll over
(10:13 AM) road123_1: long with you on SNDK, but a dime higher
(10:13 AM) rick007_3: can't buy sndk
(10:13 AM) road123_1: need that 57.2 and she can squeeze
(10:15 AM) kboston: out qid for another .20
(10:15 AM) road123_1: SNDK if it can ever get back over 57 Jer : )
(10:16 AM) cafescuderia: Look at VDSI, SHORT?
(10:16 AM) butterflytrader: nvda?
(10:16 AM) road123_1: Imlong SNDK, but its a nail biter
(10:16 AM) dasaenae: nvda want to go
(10:17 AM) Greenback1: SNDK 20 day 56.71
(10:18 AM) cafescuderia: BTU, up 1.00 + from open.
(10:18 AM) road123_1: crazy swings
(10:19 AM) brownbear7: cramer buying
(10:20 AM) road123_1: huge buy on SNDK there.. geesh
(10:20 AM) road123_1: up down up down
JerryO3434: LONG NVDA AT 44.06
(10:22 AM) stann8: you should go for a walk every morning just after 10
(10:25 AM) rick007_3: geeze
(10:25 AM) rick007_3: i own it now
(10:26 AM) road123_1: these moves will drive us all batty
(10:26 AM) cambria1895: ceph going well against the rend
(10:27 AM) kboston: qid new hod here
(10:28 AM) rick007_3: damn
(10:28 AM) rick007_3: ok jerry i am a big boy
(10:28 AM) brownbear7: this could be last push down for now
(10:28 AM) rick007_3: i wish i lost 125.00
(10:28 AM) brownbear7: hang in there
(10:30 AM) cambria1895: news on ceph??
(10:30 AM) Dean Wormer: Jer, what do you see for the hi-flyers like AAPL and RIMM and GOOG? Are any of those near a bottom?
JerryO3434: SOLD NVDA AT 43.12
(10:31 AM) cambria1895: ouch
(10:32 AM) cambria1895: it's happened to me
(10:32 AM) gemini624: NFI up today
(10:34 AM) gemini624: Have to reboot, Esignal slow
(10:36 AM) dasaenae: lucky
(10:36 AM) butterflytrader: NVDA.., SAR
(10:37 AM) rick007_3: 2490 on naz is target
(10:38 AM) rick007_3: what did the fed say this morning?
(10:38 AM) cambria1895: ebay holding 35.00 so far
(10:38 AM) grobb505: long
(10:38 AM) grobb505: here
(10:39 AM) kboston: qid's gotta be getting tired here but....
(10:39 AM) road123_1: wow
(10:39 AM) stann8: donald trump on cnbc we are all good now!!he w ill give us some good advice
(10:40 AM) cambria1895: sohu trying to hold it's lows
(10:40 AM) rick007_3:
(10:40 AM) grobb505: stoped out
(10:40 AM) grobb505: dxd
JerryO3434: 1420 SDPX
JerryO3434: SPX
(10:41 AM) rick007_3: trump sayin don't let them kick you out of your house
(10:42 AM) cambria1895: ebay and yhoo moving up
(10:45 AM) gemini624: Trump don't like BenB
(10:45 AM) road123_1: geesh winner one second loser the next- SNDK at the lod heh
(10:46 AM) road123_1: yup, same thing I did on BEAV yesterday and it cost me big
(10:46 AM) rick007_3: nice pullback on qid
(10:46 AM) stann8: ya ben is starting to get a bad rap real fast its not just donald either
(10:47 AM) brownbear7: suprise rate cut would help us
(10:47 AM) rick007_3: better get some body guards
(10:47 AM) rick007_3: folks start jumping out windows
(10:47 AM) road123_1: geesh, a .40 bounce there
(10:48 AM) grobb505: short dxd .77
(10:48 AM) road123_1: 56.6 area gets interesting again on SNDK
(10:49 AM) rick007_3: every idiot out there piling on this bs
(10:51 AM) gemini624: DRRX little runner,no volume
(10:51 AM) road123_1: this SNDK aint done yet- any move up we get im jumping back one last time : )
(10:51 AM) rick007_3: we test 2490 on comp and short qid will be a winner
(10:51 AM) cambria1895: and pcu
(10:51 AM) Geeedubya: Fed news
(10:52 AM) rick007_3: all the money is falling into a hole
(10:52 AM) rick007_3: giant sucking sound
(10:52 AM) road123_1: hehe
(10:52 AM) road123_1: Ill follow you on dat : 0
JerryO3434: LONG SDNDK AT 56.42
JerryO3434: 30 CENT STOPS
(10:55 AM) rick007_3: yes
(10:56 AM) rick007_3: run for the hills
(10:56 AM) rick007_3:
(10:56 AM) kboston: lost connection mid trade, nightmare,
(10:57 AM) kboston: how the futes
(10:58 AM) road123_1: sndk just trapping shorts thats all : )
(10:58 AM) road123_1: hehe
(11:01 AM) road123_1: SNDK what a battle
(11:01 AM) road123_1: shorts have to be getting ftrusted on it too,
(11:02 AM) rick007_3: let crammer be fed chairman
(11:02 AM) rick007_3: qid was killer short
(11:03 AM) kboston: said it should get tired but never took it qid
(11:03 AM) road123_1: yup- annoying as hell this sucker
(11:04 AM) road123_1: SNDK all day making insane moves- it acts real tight and then slams everyone
(11:04 AM) stann8: I rolled out of sndk and even got a crappy fill...lol
(11:04 AM) road123_1: there she goes, on volume now too
(11:04 AM) cgeorge405: GTI up 1.50 after 2 big down days
(11:04 AM) rick007_3: damn 1.00 on qid short could have been had
JerryO3434: SOLD SNDK AT 56.53
(11:05 AM) road123_1: im just keeping a stop in and sitting Jer.. this market just too crazy for me.. hey, it might break back over 57 from what i see this week
(11:05 AM) road123_1: swwweeet
(11:05 AM) road123_1: geesh, cant blink
(11:05 AM) road123_1: hate this kinda market hate it
(11:06 AM) road123_1: SNDK squeezing,
(11:07 AM) road123_1: 57??
(11:07 AM) road123_1: im in and if i blink watch me give it all back hehe
(11:07 AM) road123_1: shorts getting slammed
(11:08 AM) road123_1: watch this over 57,
(11:08 AM) rick007_3: i quit
(11:08 AM) road123_1: if SNDK takes out 57 im chasing again
(11:08 AM) road123_1: heck ill do 250 shares looking for squeeze to 58 : )
(11:09 AM) road123_1: yup
(11:09 AM) dasaenae: sold earlier on nvda
(11:10 AM) kboston: hell of a 5 min stick on qid
(11:11 AM) rick007_3: the printing presses are crankin today
(11:11 AM) road123_1: ok now what
(11:11 AM) road123_1: watching SNDK for re-entry
(11:12 AM) road123_1: amazing it was about to break 56 just minutes ago hehe
(11:12 AM) road123_1: 56.98 stop on SNDK to buy back
(11:12 AM) road123_1: they are buying this market.. will it last?
JerryO3434: LONG NVDA AT 43.22
JerryO3434: 20 CENT STOPS
(11:13 AM) road123_1: SNDK long
(11:13 AM) road123_1: good lord help me, 56.5 stop
(11:14 AM) rick007_3: look at klic its positive holy cow
(11:14 AM) road123_1: where is the rolaids??
(11:15 AM) road123_1: Jer- SNDK
JerryO3434: SOLD NVDA AT 43.47
(11:15 AM) brownbear7: nice trade jer
(11:15 AM) road123_1: SNDK, cmon take 57
(11:15 AM) road123_1: watch this squeeze
(11:15 AM) brownbear7: sndk doing great
(11:15 AM) road123_1: wooo
(11:15 AM) brownbear7: think we can go green jer ??????
(11:15 AM) road123_1: im playing the long shot now on SNDK, I want 58
(11:16 AM) road123_1: SNDK obvious resistance at this 57.1,, I need 57.2 to blow
(11:17 AM) road123_1: and its just the kinda day for this to happen
(11:17 AM) brownbear7: grind from here be ok
(11:17 AM) road123_1: im tellin ya guys, watch this 57 on SNDK.. if theyt can hold this shes got no choice but up
(11:18 AM) Geeedubya: ya
(11:18 AM) Geeedubya: green
(11:18 AM) Geeedubya: it was WAY fast
(11:19 AM) road123_1: lordy lordyu
JerryO3434: BEAV
(11:20 AM) road123_1: good ole beav!
(11:22 AM) Geeedubya: KLAC
(11:22 AM) road123_1: soo crazy this trading
(11:22 AM) rick007_3: not me
(11:24 AM) road123_1: sold that last SNDK, will wait and see this 57/
(11:24 AM) road123_1: yeah, no easy money today tho
(11:26 AM) road123_1: that ESLR up again
JerryO3434: long sndk at 56.87
JerryO3434: 30 cent stops
JerryO3434: brcm
(11:29 AM) cambria1895: nvda holding the sell off
(11:30 AM) cambria1895: up well on futures too
(11:32 AM) stann8: but no one can get a loan anymore!
JerryO3434: ok
(11:34 AM) gemini624: There she goes
(11:35 AM) kboston: F*** my last to buys got knocked off line, nuts
(11:35 AM) road123_1: its a huge battle between longs and shorts this SNDK jer its a rolaids trade
JerryO3434: SOLD SNDK AT 57.15
(11:36 AM) road123_1: nice!
(11:36 AM) road123_1: this SNDK we gotta get back tho
(11:37 AM) road123_1: nail biter : )
(11:37 AM) road123_1: Jer I did a quick 500 at 56.98, 57.1 put my stop at 57.08 and that trade was over in about 8 seconds
(11:37 AM) road123_1: cant even blink
JerryO3434: ORANGE SELL STOP
JerryO3434: 20 CENTS
(11:38 AM) road123_1: interresting chart on DIO
(11:38 AM) road123_1: DIOD
(11:38 AM) road123_1: and the sellers are back heh
(11:41 AM) blacktruck57: thats what I got on half ass charts this morn
(11:41 AM) blacktruck57: flag
(11:42 AM) road123_1: SNDK again over 57 hehe
(11:44 AM) road123_1: SNDK another .25 jump
(11:44 AM) road123_1: this stock wants up so bad Jer
(11:46 AM) road123_1: ok one more time SNDK
(11:46 AM) road123_1: 57.07
JerryO3434: long nsdk at 57.06
JerryO3434: SNDK
(11:47 AM) road123_1: y
(11:48 AM) road123_1: 57.2 the key jer
JerryO3434: SOLD SNDK AT 57.21
(11:49 AM) Geeedubya: lol
(11:49 AM) rick007_3: klic has exploded
(11:49 AM) road123_1: she loves to short : )
(11:49 AM) rick007_3: up 1.00 from the low
(11:50 AM) cambria1895: nvda firing out of squeeze
(11:50 AM) road123_1: fgeesh
(11:54 AM) Geeedubya: wtg
(11:54 AM) Geeedubya: yep
(11:55 AM) road123_1: they keep buying this dang SNDK under 57..
(11:56 AM) road123_1: long SNDK
(11:56 AM) road123_1: 57.01
(11:56 AM) road123_1: ill do this all dayheh
(11:57 AM) road123_1: SNDK has to make the move this time
(11:57 AM) road123_1: alot of buyers
(11:58 AM) road123_1: gonna try and chase SNDK with stop, 57.14 here
(11:58 AM) road123_1: gotcha that time SNDK
(11:59 AM) road123_1: 57.27 stop
(12:00 PM) blacktruck57: NQ's thru R
(12:00 PM) road123_1: sweet!
(12:01 PM) rick007_3: jdas up 1.83
(12:01 PM) road123_1: yeah it made a quick pop there earlier
(12:04 PM) road123_1: oh man if they take this 57.7 on sndk, lookout
(12:05 PM) cgeorge405: MCK up a buck
(12:05 PM) cgeorge405: OMTR right at highs
(12:06 PM) cgeorge405: CROX hod
JerryO3434: LONG SNDK AT 56.43
(12:07 PM) cambria1895: sina
(12:07 PM) road123_1: SNDK with ya
JerryO3434: SOLD SNDK AT 56.58
(12:08 PM) road123_1: nasdqq is GREEN!
(12:09 PM) road123_1: which one Jer?
(12:11 PM) Geeedubya: and no stops
(12:11 PM) kboston: tops and bottoms...
(12:12 PM) kboston: internet stayed on
(12:12 PM) kboston: looking to re-enter
(12:13 PM) rick007_3: wow klic up 80 cents
(12:14 PM) road123_1: SNDK keeps getting bids
(12:16 PM) road123_1: and again SNDK pushing
(12:16 PM) road123_1: dow at its best levels here?
(12:16 PM) road123_1: I love that Jer I just hit the buy myself P )
JerryO3434: long sndk at 57.48
JerryO3434: 20 cent stops
(12:17 PM) road123_1: Ok SNDK, build those bids
(12:18 PM) road123_1: SNDK hod : )
JerryO3434: SAOLD SNDK AT 57.75
(12:19 PM) road123_1: sweeeeeyt!
(12:19 PM) road123_1: 57.87 out of there!
(12:19 PM) road123_1: ythat was my block filling there heheh
(12:19 PM) kboston: damn wanted to short qid there but cuz of lunch skipped it silllly
(12:20 PM) road123_1: too sweet
(12:20 PM) road123_1: y
(12:20 PM) road123_1: nice money too,that time I head out for a tiny bit more
(12:20 PM) kboston: sadly its to fast for my set up
(12:20 PM) road123_1: too fast for all of us
(12:20 PM) cafescuderia: Very nice Jer, but you got out too soon.
(12:20 PM) road123_1: and I type over 100wpm
(12:21 PM) road123_1: in this market getting out too soon is a no lose situation : )
(12:21 PM) road123_1: oh man, sndk 58?
(12:22 PM) grobb505: squuze them baby
(12:22 PM) road123_1: I see green!
(12:23 PM) blacktruck57: BO nq
(12:24 PM) brownbear7: green green green lol
(12:24 PM) cafescuderia: BTU up 2.30 from open.
(12:24 PM) road123_1: look at the shorts lined up on SNDK at 58
(12:25 PM) road123_1: SMH hod
(12:25 PM) road123_1: oh man, SNDK
(12:26 PM) brownbear7: er told the tale
(12:26 PM) road123_1: oh man they smell the shorts burning on SNDK
(12:28 PM) kboston: damn .50 bounce from the low QID
(12:28 PM) kboston: never saw it coming
(12:31 PM) road123_1: SNDK hod again
(12:39 PM) road123_1: yeah just trying hard to play this insanity heh
JerryO3434: OK