^ you going to Armin? a bunch of my friends are going.. wish I could come.

What online broker are u trading with?

Got too greedy dude, should've backed out of trading for today since it was so unpredictable

no it was too predictable, everything on the 5minute chart was down down.

yes i shorted, but after super sharp drops, i usually put a close stop and a rally back to the 20 or 40 day average line occurs.

of course this is ultra dangerous cuz you're totally trading against the trend.

i took that risk, once too many times. if i just stuck with the shorts... i would be up a lot.

too many fake outs, it goes a little up then stopped me out only to piss me off and actually rally back up after a few bars, but of course i was too emotional to enter again.

ah whatever. i learnt the hard way, i played against the trend too much and it fucking bit me in the ass today.

the trend is your friend!

yeah, sometimes i get too caught up and make newb mistakes still, its okay im a newb.

gotta wait for bars to close to confirm, and sometimes my stops are way too far, the risk is way too huge to be worth it.

also i get out way too early. sometimes on the first sign of weakness i exit right away, even if its with the trend. stupid me, i always miss out on GIANT money cuz of that. i gotta learn to lower my stops to reasonable areas, OR exit and learn to reenter.

bah. its okay, next week is a new game.

if i have time ill post charts up, fucking retarded, today was bad. ugh.

redliine: yeah im going to armin. i trade with rosenthalcollinsgroup.com


does anyone else day trade here? or are you all position traders?

i can't fucking hold on to a position overnight, i'll be fucking glued to the screen, don't have that kinda discipline to go to bed knowing i could be losing money as i sleep. plus on a margin account, the risk is way too fucking huge on the daily charts for a newb like me.

well idk some ppl is saying the stock might still bottom out next week, but some ppl is saying 8000 is the support line and it won't go any lower. Hank Paulson said US Gov are buying bank shares, but that's not happening until the end of the months right?

the feeling of "getting out too early" is every trader's ultimate demon.

Let it go and dont double up on the next trading day.

yeah don't chase your losses. that's a big one. it gets you really emotional. and VERY greedy.

morgan stanley is up 60+% i should have bought more than 3 shares :(

Cool. I checked out their site.. what trading platform are you using from them?

49v
48mcd

:d:d

i used to use RCGRAN (peice of shit), i only used that so the brokers who have a master program can fix me up if i fuck up and keep track of what im doing.

but now i use onyx2, which is ... 1000 billion times better.

i love onyx.

but as for charts, i use e-signal's futuresource.

Nice 11% gain on DOW and rest of 'em today... temporary relief or longterm rebound?

Anyone look at ultrashort bear ETF's? DOG on NYSE is doing quite well last 2 weeks

I bought MA today at $159 and sold my position at $174.
I think this is a bear-market rally, and don't think it will last.
I am *predicting* we will have a gap up opening, but eventually sell off at the end of the day.

Intel will be reporting tomorrow closing and JPM & Wells Fargo will be reporting Wednesday early morning! I am staying out and watch the show.

Damn...Morgan Stanley up 86.98%

wow.!!!!! cow

Covered my short position on my POT position of 800 shares since Tuesday.

A bunch of friends have been trading using the MACD this last month and keep getting whipsawed due to tight stops only to find their trade reverse again $5 their direction.

Needless to say, they're super pissed.

I've really slowed down my trading this last while making only a few trades a week.

If you're used to trading any type of support and resistance, you really need to change your game plan during times like this.

To all of you breaking even. Consider yourself lucky. I know some pros that are getting very shaky. It creates emotion and then the carnage starts this negative feedback loop.

i have MACD on, but just as an indicator, nothing serious, and i don't 110% read it properly anyways, just as long as i can see the lines not crossing yet hah.

yeah, you totally get whipped around but it really depends, what time scale are you looking at?

I use support/resistance a lot on the 5minute chart. so far it's worked out pretty good, but i heavily integrate candle stick formations/patterns in, as well as slow stochastic (exponential, 14, 3, 3) and exponential moving averages 20 and 40 day. and like i said MACD, but i look at that least/last.

All this technical analysis lingo is giving me a hard-on.

edit: lol

honey, i see your solid green bar, and i'm wet from the second leg, come here and reverse my position baby, there's no resistance!

bahahaha

My green stick just broke out of a downtrend and is now channeling up to a 52 week high.

lol

Chart porn, who would have thought

http://mining101.blogspot.com/2008/1...us-stocks.html

Saw it on a mining blog I check once in awhile and confirmed it on MSNBC
www.msnbc.msn.com/id/27235731/

^
I have 75% position right now, with 3-6 month horizon at the moment instead of my usual 3 day

the market is bad enough, time to get in before everybody else

If you're long on the market already might be good time to pick up some ultrashort bear ETF's as a hedge... if u've been on the sidelines, pick up quality co's like KO, GE, BAC (questionable but huge infrastructure...) and short ETF

DOG on NYSE is up whenever DOW is down
SH for S&P500

Who thinks DOW will go down lower next week?

son of a... fuck.

at 1207 noon today i was watching the emini sp500.

nice big ass green then red bar (i call it the raver glow sticks formation), so the current bar is a small green, perhaps i can sell it at a higher price put in a stop above the raver sticks and catch a big windfall.

but wait, i have to take a huge ass shit, my stomach is grumbling, it feels like an air bubble is trying to work its way UP my intestines and perhaps even rip through it and makes its way into my bloodstream. i know i can temporarily release some pain by letting a quiet one out, but ... no i can't take the chance, it could turn messy.

i put in my stop and a sell limit at 98000.

watch it for a few seconds. *aw fuck it* i think, i cancel all orders and run to take a shit.

im a retard. im such a retard. of course by the time i come back its way the fuck down at 96550, and it did come back and touch 98000, but i probably wouldnt of gotten that price.

of course it continues to drop like mad and makes new lows at 94900

next investment: a small kiddy portapotty on my office seat.



btw, who was that chick that was at the closing bell, for ... i forgot if it was NYSE or NASDAQ. was that natalie portman? whoever it was, fuckin hot.

EPIC

10 char