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-blklabs-

04/15/09 5:55 PM

#342 RE: zigzagman #341

Teach me to scalp and I'll try and translate for ChiChi
Bought 30 $7 calls FAS about 1
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chichi2

04/15/09 6:41 PM

#346 RE: zigzagman #341

that was Harry Boxer, DayTraders recommendation, it gave you all the how to's, with excellent graphs, a learning experience for you students. as i remember, he gave several bailout points, personally i did not enter it, but if i had, i would have entered about at 11- and would stopped out at 11.50

i did not think yesterday was very callable. i first called it to run up, which it did, it was definitely a contrary play.
i posted it that way and sat on it for over two hours. i then changed it to dn call, which was the conservative call.

but somewhere i wrote, that it was an indecision night, not logical to call. that was the real call. but i collapsed into making a political call, the conservative call, which was down. that is what it did,

but many people thought it would break down, i never thought that, i said that my containment lines would hold, and they did. and QQQQ only once hit 31.99

you may be a day trader but most of you pretend students on these boards do not have enough money to be day traders. i suspect that the normal trader on most of these so called trading boards has less than $10000 to trade. they must have about $30000 to day trade, as they can never fall below $25000 cash, per fed govmt rules. not many really will qualify.

teach them to overnight trade and you can write off your work as helping the poor, ho ho, charity work for those with less that $10000 or $5000 to trade, that is where most of them are.

be aware, most of them came here free. these are not good traders they can not afford to lose. psychologicly or money

like DnDn, i traded that stk three times over a week, made minimum of $2000 each trade to finally with my least risk amount exposed, i made over $20000. these were all overnight trades of a stock with nothing going for it but volatility in my first two trades. i try to buy low, and sell high.

some of those trades were in pre or aft hours.

if i can not get a low price, i go after another stock, or do not trade that day.

i have gotten too old to be satisfied with $100 or $200 trades.

the easiest daytrade today was QQQQ. buy at 32.00 sell at close. that was a sure thing.

best $s would be made by Financials trade in afternoon.