Monday, October 13, 2008


I hope I get as many questions as I did when we were crashing as buying into the crash via leverage was a HUGE money maker and those who know what 50 ES contracts bought at 880.00 and sold at 975 gets you for a profit ...then you need to join us !!!! All others write your whiny "Ilost all my money tales of loss" I look forward to each day to make money not listen to those who buy gold and store 90 dayssupply of grocerie3s for the downfall.

tomthetrader: I will check e-mails
(1:35 PM) JR Roden: Hello All, I'm new to the group
(1:35 PM) thomas_Poland: hello
(1:35 PM) thomas_Poland: new member?
(1:36 PM) JR Roden: Yes.
(1:37 PM) thomas_Poland: Great for you
(1:37 PM) thomas_Poland:
(1:37 PM) thomas_Poland: Tom is kidding of course
(1:37 PM) ajayvee: welcome!
(1:37 PM) syzygy111: hi JR
(1:37 PM) thomas_Poland: hi JR
(1:37 PM) JR Roden: Thanks for the welcom
tomthetrader: Thank you !
tomthetrader: let us know if we can do anything or if you specialize in any type of trading ?
tomthetrader: FIBs GANN E.W. Pivot points etc....
(1:38 PM) thomas_Poland: I specialize in hoping and praying style
(1:38 PM) thomas_Poland:
tomthetrader: agree
(1:39 PM) JR Roden: I like to do options trading, fairly short term, but need a little more discipline and better system for entires and exits.
(1:39 PM) berniectx: welcome JR
tomthetrader: we have one play out there deep under water you may want to investigate and move your strike price
tomthetrader: XLKAT
tomthetrader: we own several 100
tomthetrader: a 15% move from here will be adouble
(1:43 PM) ajayvee: do you think a lot of profittaking in the last hour?
(1:43 PM) nimesh_: don't like the rising price on lower volume
(1:49 PM) ajayvee: VIX under 60
(1:50 PM) nimesh_: booted again
(1:51 PM) thefish102: tom, I've been booted 3x today
(1:51 PM) thefish102: desktop
(1:51 PM) thefish102: cable modem
(1:51 PM) thomas_Poland: no
(1:52 PM) berniectx: no problems at all
(1:52 PM) thomas_Poland: cable modem here too
(1:52 PM) csu30: no
(1:52 PM) syzygy111: I am on desktop with dsl problems this am
(1:52 PM) bloomert: no probs at all
(1:52 PM) thefish102: WA
(1:52 PM) ajayvee: no problems on cable modem ---Ohio
(1:52 PM) thefish102: y
(1:52 PM) thefish102: no problems until thurs through today
(1:52 PM) gerry204: I have been booted about 10 times and am about to get knocked off again.
(1:52 PM) nimesh_: usually have no problems
(1:53 PM) nimesh_: but today, they are definelty haveing problems
(1:53 PM) nimesh_: i am on the east coast
(1:53 PM) syzygy111: usually no problems.. In Mich
(1:53 PM) nimesh_: yep
(1:53 PM) nimesh_: cable modem
(1:53 PM) nimesh_: usaully runs for days
(1:54 PM) nimesh_: just today, i think they are having issues, prob temp problems
(1:55 PM) syzygy111: Tom another potential service besides yakkle is No voice, but conference call phone number.
(1:56 PM) JR Roden: Is there any place I can see a list of open / closed trades?
(1:57 PM) thomas_Poland: I have to go for 30 mins
(1:58 PM) nimesh_: buy price on ES on the dip?
(1:59 PM) JR Roden: Great. Thanks.
(1:59 PM) JR Roden: I don't have the thinvis info.
tomthetrader: user : pass: tomandprisha
(2:02 PM) JR Roden: Once I get into finviz, where to I go to see our list of trades?
tomthetrader: just sign in and there should be 4 portfolios
tomthetrader: TRADERS MAIN 2x ETFS
(2:08 PM) JR Roden: Got it, I looked at the portfolios.
tomthetrader: Great
(2:15 PM) JR Roden: Do any of you guys trade options primarily? If so, what strategies do you use?
(2:19 PM) JR Roden: do the trades come across on this written forum or are the all verbal?
(2:20 PM) ajayvee: MS trying for a double
(2:27 PM) thefish102: they already did guide higher tom
(2:27 PM) thefish102: nue
(2:27 PM) thefish102: change would be death to the stock
tomthetrader: did everyone get the audio ?
(2:32 PM) berniectx: y
tomthetrader: I am going to sign off now
(2:32 PM) JR Roden: Yes
(2:32 PM) ajaysunder: y
(2:32 PM) ajayvee: y
tomthetrader: and see if it helps others
(2:32 PM) JR Roden: tom, when you refer to trades being placed, how do you advertise those trades?
(2:33 PM) JR Roden: is it just via audio?
tomthetrader: we put them on here and auadio or both
tomthetrader: always on Traders Chat or audio hopefully both
tomthetrader: always ask
(2:34 PM) JR Roden: When you refer to Traders Chat ... is that this chat room we're typing in now?
tomthetrader: when in doubt ask
tomthetrader: yes
(2:34 PM) JR Roden: Great, as i won't always be able to have the audio on.
tomthetrader: OK
tomthetrader: any other questions from anyone ?
tomthetrader: everyone OK
(2:35 PM) JR Roden: So, for example, you are talking about ES making a run into the end of the day. Will you send that out as a new trade if we go long
(2:35 PM) JR Roden: or is that already an open position.
tomthetrader: again at night we will be on from 9:00pm -10:00pm
(2:36 PM) JR Roden: Sorry about all the "new guy" questions.
tomthetrader: WE will say buy ES long from SPX cash 950.00
tomthetrader: bought 1 long ES at 950 cash
tomthetrader: xlat bought 50 contracts at .45
(2:39 PM) JR Roden: Great. I'll look for your recommendation to go long when the time is right.
(2:39 PM) JR Roden: Understood
(2:42 PM) ajayvee: thanks tom
tomthetrader: talked you all to death
tomthetrader: apologize
(2:42 PM) JR Roden: Good info. Esp for us newbies
(2:43 PM) JR Roden: What determines which portfolio something gets put info?
tomthetrader: and I understand 100% why not much talk and chat today as many have been hurt by the markets since the Crash
(2:43 PM) JR Roden: into?
tomthetrader: But please look forward ...raise cash and believe it when we say there aresome good news plays out there
(2:47 PM) JR Roden: When you say 625 - 700, which index are you referring to?
(2:48 PM) csu30: On big up days like this, what's the probability tomorrow will see at least a lower open?
(2:48 PM) JR Roden: Great. thanks.
(2:57 PM) ajayvee: sure!
(2:57 PM) syzygy111: y
(2:57 PM) ajaysunder: y
(2:57 PM) csu30: Sure
(2:57 PM) JR Roden: go for it
(2:57 PM) nimesh_: y
(2:57 PM) PhotosbyDill: y
(2:57 PM) jbljudy: y
(2:57 PM) youngamerican68_1: Y
(2:57 PM) breadman8401: y
(3:01 PM) youngamerican68_1: is that zweig's methodology?
(3:02 PM) JR Roden: So are you saying we should see a 25-30% run up in the next few months?
(3:05 PM) youngamerican68_1: crappy volume?
tomthetrader: A trend day is one of those formerly rare days that opens at one extreme and closes at the other, with minimal retracements during the course of the day
tomthetrader: When we get into the mid-morning hours with most sectors participating, and buying pressure coming in every time the NYSE TICK approaches the zero line, then we usually close at or near the high of the day.
(3:12 PM) nimesh_: were those trades made today?
(3:13 PM) thomas_Poland: 9th
(3:13 PM) nimesh_: ok, just wondering
(3:13 PM) thomas_Poland: those 7 ES on 9th
(3:13 PM) nimesh_: qqqq r2 = 34.15
(3:13 PM) nimesh_: hit today
(3:14 PM) nimesh_: yea
(3:14 PM) nimesh_: still down
(3:14 PM) nimesh_: catching up togough
(3:14 PM) nimesh_: unrealized
(3:17 PM) ajayvee: the string of ugly Mondays has been broken also
tomthetrader: sold QLD IWM XLK 7 ES

Remember ...strength begets strength ...IF IF IF we can get back to back 9-1 up down volume it would usher in a new bull with more indies like 20-1 a/d line and up / down volume !

Best of Luck we were right just early !



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