Note: The chat log below represents the free chat room called #FuturesTrades that's hosted by TheStrategyLab.com and any one can use the chat room to post their trades. Simply, we do not know what trading methods are being used by some members while others are using methods we ourselves don't use.
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Session Start: Fri May 08 08:34:48 2009
Session Ident: #futurestrades
[08:34] * Now talking in #futurestrades
[08:34] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[08:35] <Nesi> exit stop set ES @ 920.00 «« simulator »»
[08:35] <rickf> 50K new jobs for cenus-takers may skew the numbers some, too ... short term employment gets folks off the unemployment book
[08:36] <TraderG> a severe recession like the one we r in now does not turn on a dime
[08:36] <+rickf> yep
[08:37] <+TraderG> the economy is like a ship , not a speed boat
[08:37] <+rickf> dont tell cnbc that
[08:37] <+TraderG> hahahahaha
[08:37] <+TraderG> they are my morning entertainment channel
[08:37] <+TraderG> actually it is the whole day entertainment channel
[08:37] <+rickf> lol ... bloomberg for me; cnbc is too annoying
[08:38] <+rickf> rarely have tv on during the trading day anyway - distracting
[08:38] <+TraderG> yes
[08:38] <+TraderG> i like Bloomberg 2
[08:38] <keen3> they are getting to be a bigger and bigger joke, what with their screaming at each other and all
[08:38] <+rickf> bloomie may be 'boring' but it's got hard news and not pandering
[08:38] <+rickf> tho if they keep running wear-out magicjack ads, i will disown them, too
[08:38] <+rickf> 12x in one hour yesterday
[08:38] <+TraderG> and they r on the net so u can watch them on your comp
[08:38] <+rickf> i do
[08:39] <+rickf> in thepremarket
[08:39] <+rickf> which i just turned off aftr the 2nd magicjack ad in the same commercial block
[08:39] <+Nesi> lol
[08:40] <+rickf> long es 914.25 1 ct
[08:40] <+keen3> yeah, mag ja and the crook selling the computer learning crap
[08:40] <+Nesi> Shorts ES @ 914.00 -> Add «« simulator »»
[08:40] <+Nesi> 2c
[08:41] <+rickf> out 915.25 +1.25
[08:41] <+rickf> oops +1
[08:53] * codehead_afk is now known as codehead
[09:29] <drt>
everyone
[09:29] <jigglyhippo>
[09:29] <LP>
[09:30] <@NihabaAshi> Good morning all
[09:30] <codehead>
[09:30] <stick2it>
wrbtrader
[09:32] <ItalianSharp>
[09:35] <pat255>
all
[09:41] <jbuch> morning everyone
[09:41] <@NihabaAshi> Hi stick2it
[09:41] <SKL>
, guys
[09:43] <+jbuch> Shorts SPY @ 92.29
[09:45] <+jbuch> Covered all SPY Short @ 92.28 --> + 0.01
[09:48] <+SKL> Long ES @ 918.25 «« simulator »»
[09:49] <+SKL> Exited all ES Long @ 922 --> + 3.75 «« simulator »»
[09:55] <@NihabaAshi> Shorts ES @ 921.25 -> small size
[09:55] <@NihabaAshi> 3 only
[09:57] <@NihabaAshi> trailing stop @ profit
[09:58] <+drt> l es 20
[09:58] <@NihabaAshi> Covered all ES Short @ 921.00 --> + 0.25
[09:59] <@NihabaAshi> stop thievery
[09:59] <szubaark> lol
[10:00] <@NihabaAshi> Shorts ES @ 919.00 -> medium size
[10:00] <@NihabaAshi> 4 only
[10:00] <@NihabaAshi> intuition
[10:01] <@NihabaAshi> trade in reaction to prior trade signal
[10:01] <+szubaark> "Revenge" trade?
[10:02] <+szubaark> anyways, i do those sometimes after a rude Stop pick
[10:02] <@NihabaAshi> I haven't done a revenge trade in many years.
[10:03] <@NihabaAshi> Simply, the profit target hasn't been reached had I still been in that prior trade
[10:03] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[10:03] <@NihabaAshi> Thus, the current trade is still "within" the price action of th=at prior trade that hasn't reached it's target had I not been rudely stopped out on the trail
[10:04] <@NihabaAshi> It's at target now
[10:04] <@NihabaAshi> Covered all ES Short @ 918.00 --> + 1
[10:04] <+jbuch> Long SPY @ 92.26
[10:06] <+jbuch> Exited all SPY Long @ 92.29 --> + 0.03
[10:07] <@NihabaAshi> weak support area
[10:32] <@NihabaAshi> Long ES @ 911.75 -> small size
[10:32] <@NihabaAshi> 2 only
[10:33] <+Nesi> nice entry
[10:34] <@NihabaAshi> Exited all ES Long @ 913.50 --> + 1.75
[10:39] <@NihabaAshi> Looks like my exite was better than the entry (hindsight)
[10:39] <@NihabaAshi>
[10:39] <+Nesi> yeah
[10:49] <+jbuch> Shorts SPY @ 91.79
[10:49] <+jbuch> Covered 1/2 SPY Short @ 91.69 --> + 0.1
[10:53] <+jbuch> Covered Remainder SPY Short @ 91.55 --> + 0.24
[10:58] <+rickf>
all
[10:58] <+szubaark> hi rick..whats up
[10:58] <+rickf> not much just getting back in again
[10:59] <+rickf> sorry i missed you after-hours last night
[11:00] <+szubaark> np
[11:05] <@NihabaAshi> flatlined volatility since about 1030am est
[11:05] <@NihabaAshi> Long ES @ 914.25 -> small size
[11:05] <@NihabaAshi> 1 only
[11:06] <+rickf> short es 914.25
[11:07] <@NihabaAshi> Exited ES Long @ 914.50 --> + 0.25
[11:07] <@NihabaAshi> Was hoping for volatility to pick up and it didn't
[11:08] <@NihabaAshi> It's trying hard but I just didn't have the patience after expecting things to happen fast.
[11:09] <kosmipt> hi guys, anybody else having problem with laggy Zenfire connection today?
[11:09] <+SKL> no, working fine
[11:09] <+kosmipt> ok, thanks
[11:14] <+rickf> exit es 914 +.25
[11:15] <+codehead> short small 914.5 ES <paper>
[11:16] <+codehead> cover ES flat <paper>
[11:18] <+jbuch> Long SPY @ 91.91
[11:20] <+codehead> .500 retracement hit
[11:20] <+jbuch> Exited 1/2 SPY Long @ 92.08 --> + 0.17
[11:22] <+jbuch> Exited Remainder SPY Long @ 91.99 --> + 0.08
[11:22] <+jbuch> ended up entering at 91.93
[11:25] <+szubaark> Shorts ES @ 913.50 «« paper »»
[11:30] <+szubaark> exit stop set ES @ 915 «« paper »»
[11:31] <+jbuch> Long SPY @ 91.79
[11:34] <+jbuch> Exited all SPY Long @ 91.85 --> + 0.06
[11:35] <+jbuch> wimped out
[11:35] <+szubaark> Covered all Short ES at 915 --> - 1.5 «« paper »»
[11:35] <+jbuch>
[11:35] <+szubaark> Buys ES @ 915 «« paper »»
[11:38] <+szubaark> Exited all Long ES at 913.50 --> - 1.5 «« paper »»
[11:38] <+szubaark> Shorts ES @ 913.50 «« paper »»
[11:38] <+szubaark> sneaky bugger
[11:38] <T-stop> obama on, fwiw
[11:39] <+rickf> ruh row
[11:43] <+szubaark> Covered all Short ES at 915 --> - 1.5 «« paper »»
[11:43] <+szubaark>
(((
[11:43] <+szubaark> Buys ES @ 915.25 «« paper »»
[11:44] <silo> short 8462
[11:45] <+jbuch> Shorts SPY @ 92.03
[11:48] <+jbuch> Covered all SPY Short @ 92.05 --> - 0.02
[11:48] <+codehead> retest .500
[11:49] <+T-stop> he done
[11:50] <+jbuch> Shorts SPY @ 92.05
[11:50] <+szubaark> exit stop set ES @ 914.75 «« paper »»
[11:53] <+jbuch> Covered all SPY Short @ 92.15 --> - 0.1
[12:00] <+codehead> short ES 918.25 <paper>
[12:00] <+codehead> 918.50 is .618
[12:01] <+codehead> also symmetry at 918.75
[12:01] <+codehead> scalp
[12:01] <+codehead> 919.25 touch, looks for exit
[12:03] <+codehead> exit +.25 <paper>
[12:03] <+codehead> taking too long
[12:04] <+codehead> if b/o 919.0, prolly retests high sopme time
[12:05] <+szubaark> Tightening Stop
[12:05] <+codehead> short 2c ES 918.75 <paper> stop 919.25
[12:05] <+szubaark> exit stop set ES @ 917.25 «« paper »»
[12:05] <+codehead> exit +.25 <paper>
[12:06] <+codehead> strong here
[12:06] <+jbuch> it just keeps on chugging up
[12:06] <@NihabaAshi> creeper price rise still...
[12:06] <@NihabaAshi> too risky to short and tough to find a Long entry
[12:07] <+szubaark> real tricky action, as usual
[12:09] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[12:10] <+szubaark> exit stop set ES @ 918 «« paper »»
[12:11] <+jbuch> nice entry szu
[12:12] <+szubaark> took me 3 rEVERSALS to catch this
[12:13] <+szubaark> so i was expecting good size move..
[12:14] <+szubaark> the more
and shakeouts i see tells me we are due for a good move
[12:15] <+szubaark> exit stop set ES @ 919 «« paper »»
[12:16] <+jigglyhippo> nice move szubaark
[12:16] <+szubaark> i got whipsawed good BEFORE i caught this dont forget
[12:16] <+jigglyhippo> true true
[12:20] <+szubaark> Tightening Stop
[12:22] <+codehead> short 921.75 2c only scalp short <paper>
[12:23] <+codehead> exit half +1.00 <paper>
[12:23] <+codehead> stop 922.50 remainder <paper>
[12:24] <+szubaark> Exited all Long ES at 920.25 --> + 5 «« paper »»
[12:26] <+jbuch> beauty szu
[12:26] <+szubaark> thanx..tough start though
[12:27] <+codehead> exit +1.5 ES <paper>
[12:30] <+jbuch> creep up creep back down
[12:31] <+szubaark> everyday, always trying to throw us off
[12:34] <+codehead> bounced at symmetry target
[12:34] <+codehead> also .382
[12:34] <+codehead> so obvious short side profit taking
[12:34] <+codehead> on partial
[12:39] <+szubaark> Buys ES @ 920.25 «« paper »»
[12:39] <+jbuch> Long SPY @ 92.41
[12:41] <@NihabaAshi> Long ES @ 920.75 -> small size
[12:41] <@NihabaAshi> 2 only
[12:42] <@NihabaAshi> trade error but I'm going to keep it and watch it closely
[12:42] <+jbuch> Exited all SPY Long @ 92.55 --> + 0.14
[12:43] <+szubaark> Exited all Long ES at 921.25 --> + 1 «« paper »»
[12:43] <+Nesi> nice szu
[12:44] <+Nesi> feels bit toppy here..imho
[12:44] <@NihabaAshi> come on ES...921.50
[12:45] <@NihabaAshi> Exited all ES Long @ 921.25 --> + 0.5
[12:45] <+jbuch> been a hell of a run up i ma selling my long term stuff at each new high bet a bunch of other people are to
[12:46] <+rickf> yeah i have orders placed but not hit yet
[12:46] <+szubaark> they trying to close this Positive also
[12:48] <+jbuch> I just bought some sds to hedge my long term positions back to 0
[12:48] <+rickf> gee that sounds familiar
[12:50] <+jbuch> u to
[12:56] <@NihabaAshi> Long ES @ 921.00 -> small size
[12:56] <@NihabaAshi> 1 only
[12:59] <+jigglyhippo> guy on cnbc just said he expects 950 for the s&p
[12:59] <@NihabaAshi> Exited ES Long @ 922.25 --> + 1.25
[12:59] <+jigglyhippo> that would be great if youre long
[12:59] <+szubaark> Why would u believe what some guy says on TV?
[12:59] <+jigglyhippo> i dont
[12:59] <+jigglyhippo> lol
[13:00] <+szubaark> when we go up, they get Bulllish pundits, when we go down, they get Bearish pundits
[13:00] <+jigglyhippo> exactly!
[13:00] <@NihabaAshi> last two trades...trade error and then a bad chaser...
[13:00] <@NihabaAshi> On that note...don't like my trading right now.
[13:01] <@NihabaAshi> Taking a mandatory break...be back later.
[13:01] <+jigglyhippo> at least they were positive trades
[13:01] <+jigglyhippo> later
[13:01] * NihabaAshi is now known as NihabaAshi_away
[13:12] <+jbuch> Long SPY @ 92.59
[13:14] <+jbuch> Exited all SPY Long @ 92.63 --> + 0.04
[13:14] <+Nesi> Shorts ES @ 921.00 -> Add «« simulator »»
[13:14] <+Nesi> 2c
[13:21] <+szubaark> Buys ES @ 922.50 «« paper »»
[13:23] <+ItalianSharp> the ranges have been as tight as a nun's ass lately
[13:23] <+ItalianSharp> scalping is the way to go
[13:25] <+szubaark> exit stop set ES @ 921.50 «« paper »»
[13:28] <+szubaark> Exited all Long ES at 921.50 --> - 1 «« paper »»
[13:28] <+szubaark> Shorts ES @ 921.50 «« paper »»
[13:32] <+rickf> long es 919.50
[13:37] <+szubaark> exit stop moved to breakeven ES @ 921.25 «« paper »»
[13:37] <+rickf> exit es 920.75 +1.25
[13:38] <+szubaark> tight market
[13:38] <+rickf> looking higher but taking too long
[13:38] <+szubaark> nice
[13:38] <+rickf> ty
[13:47] <+szubaark> Covered all Short ES at 920 --> + 1.5 «« paper »»
[13:47] <+szubaark> Lost my Patience
[13:48] <+jbuch> Long SPY @ 92.52
[13:49] <+rickf> every little bit
[13:50] <+jbuch> Exited all SPY Long @ 92.62 --> + 0.1
[14:03] <drt> cl es 21
[14:12] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[14:13] <+ItalianSharp> will ES pop?
[14:14] <+jbuch> or will it drop
[14:14] <+szubaark> or will it Chop?
[14:14] <+ItalianSharp> so far, no sign of selling
[14:14] <+ItalianSharp> should pop
[14:14] <+jbuch> lol
[14:15] <+ItalianSharp> pop
[14:15] <+ItalianSharp> 950 coming up?
[14:16] <+ItalianSharp> i know someone who's been averaging up a large short position nad his blow-out stoploss is 950
[14:16] <+ItalianSharp> if ES ticks 950, he'll blow up $1 million
[14:16] <+szubaark> What?!!
[14:16] <+ItalianSharp> yep
[14:16] <+ItalianSharp> he started to build a large short position early in march
[14:16] <+ItalianSharp> been averaging up since 2 weeks ago
[14:17] <+ItalianSharp> until he ran outta cts
[14:17] <+szubaark> LOTS of people did based on Technical Analysis
[14:17] <+rickf> is this the guy from like a month ago or something
[14:17] <+ItalianSharp> might be
[14:17] <+ItalianSharp> early march
[14:17] <+jbuch> is it his last million or one of many
[14:17] <+rickf> 950 is around the 200 ma on the SPX
[14:17] <+ItalianSharp> yep
[14:17] <+ItalianSharp> he must be shitting his pants
[14:17] <+ItalianSharp> i chatted with him a few days ago
[14:18] <+ItalianSharp> he was still ok
[14:18] <+ItalianSharp> sort of
[14:18] <+rickf> that's when i'd really start looking short ... but not in March, the run up was parabolic
[14:18] <+rickf> he wsa trying to pick a bottom i guess
[14:18] <+rickf> er top
[14:18] <+ItalianSharp> he claimed eminis were still overbought and that the recession would turn into a depression
[14:18] <+ItalianSharp> i guess the media got him
[14:19] <+rickf>
[14:19] <+ItalianSharp> all the bad hype about economy
[14:19] <+rickf> still could, though
[14:19] <+ItalianSharp> well, if ES ticks 950, he's out of buz
[14:19] <+rickf> but you gotta trade what you see
[14:19] <+szubaark> another one will take his place in the emini battlefield
[14:19] <+ItalianSharp> only advice i gave him was to place his stop 1 tick lower so that he'll save some cash to buy himself a gun
[14:19] <+ItalianSharp> he may need it
[14:19] <+ItalianSharp>
[14:19] <+rickf>
[14:20] <+ItalianSharp> funny thing is:
[14:20] <+rickf> u know what his entry was on that short? had to be like 680 or something way low
[14:20] <+ItalianSharp> around 700
[14:20] <+rickf> eeeep
[14:21] <+ItalianSharp> hear this out:
[14:21] <+ItalianSharp> he started his position with a 20 car lot
[14:21] <+ItalianSharp> of course, he got in the red quickly
[14:21] <+ItalianSharp> while chatting...
[14:22] <+ItalianSharp> i asked him: WTF are you seeing that is so bearish?
[14:22] <+ItalianSharp> i cant see squat!
[14:22] <+ItalianSharp> he claimed all the crap about the economy being in bad shape, about warren buffet losing money, banks, etc...
[14:22] <+ItalianSharp> at one point, he was like:
[14:22] <+ItalianSharp> i have a nice plan for this short
[14:23] <+ItalianSharp> will average up with a final blowout stoploss at 950
[14:23] <+ItalianSharp> NO WAY ES GOES TO 950
[14:23] <+ItalianSharp> as soon as he siad that...
[14:23] <+ItalianSharp> i kinda felt like: jees...god knows how many bears gonna get squeezed if we get a good rally
[14:24] <+ItalianSharp> his remark made me very bullish
[14:24] <+ItalianSharp> he was taking it for granted that we'll see new lows...and that we wont touch 950
[14:24] <+ItalianSharp> funny thing is: he built his account from 25K to 1M over the last 10+yrs
[14:24] <+ItalianSharp> always taking such risks
[14:25] <+jbuch> I did that averaging in to a losing trade after eliminating my stops 1 time got down to -7000 I closed it out for - 500 never again
[14:25] <+ItalianSharp> it must suck to lose 1M and 10yrs of your time at the same time
[14:25] <+ItalianSharp>
(
[14:25] <+rickf> worst for me was last october i think --
[14:25] <+jbuch> no doubt 10 years of work gone
[14:26] <+rickf> down 5K one day and moved a TON of contracts to get back to +100 on the day after commissions
[14:26] <+rickf> overtraded like crazy, doubled up, doubled down, never again
[14:26] <+ItalianSharp> wow
[14:26] <+ItalianSharp> you really lost it, didnt you?
[14:26] <+rickf> i was young....and naive
[14:26] <+ItalianSharp> i remember many of those days
[14:26] <+rickf> i'm only averaging 3-5 trades / day on the ES now
[14:27] <+ItalianSharp> being down a lot, ending up at BE or slightly inthe green
[14:27] <+ItalianSharp> those days are exhausting
[14:27] <+ItalianSharp> they suck life outta you
[14:27] <+rickf> and if i'm wrong, and dont panic, I can prolly get out for b/e or b/e + a tick
[14:27] <+szubaark> yea nice rick..i need to lower my trading count too
[14:27] <+rickf> that to me has made a ton of difference
[14:27] <+jbuch> the shitty thing is that if I would have held on would have made about 50,000
[14:28] <+rickf> as has forcing myself to let a trade develop --- 1 point in the red is not a bad thing to panic over usually .... it used to terrify me
[14:28] <+rickf> i've gotten much better reading the market and picking my trades vs chasing
[14:28] <+ItalianSharp> those who say entries dont matter, are utterly WRONG
[14:28] <+szubaark> ive noticed that too
[14:28] <+ItalianSharp> entries matter just as much as exits
[14:29] <+ItalianSharp> better entries ---> smaller stops, bigger targets
[14:29] <+rickf> i also gave up the cci and oscillators
[14:29] <+ItalianSharp> oh...the ole cci from woodie?
[14:29] <+szubaark> u took it off your chart? WHAT!!??
[14:29] <+rickf> nope regular cci, no woodie
[14:29] <+szubaark> "We dont need no stinkin' Prices!"-Woodie
[14:29] <+rickf> < heathen
[14:29] <+ItalianSharp> you guys think woodie every made any money with his cci?
[14:30] <+rickf> as a marketing tool for his classes, sure
[14:30] <+rickf> as a trader, i have no idea
[14:30] <+szubaark> im hearing he collects Disability checks and sells DVD's,seminars
[14:30] <+ItalianSharp> LLLOOOLLL
[14:30] <+ItalianSharp> he's such a tool
[14:30] <+rickf> i will say though --
[14:31] <+rickf> the 7-9 months i used the drbob cci stuff it helped me get a feel for the market and was a very good tool to bridge the gap between indicator hell and where i am now
[14:32] <+szubaark> bunch of people lost their life savings with the CCI..they had no clue and he was a good salesman
[14:32] <+rickf> i stayed away from woodie for one big reason --
[14:32] <+rickf> it seemed to be a cult, and that just turned me off completely
[14:33] <+rickf> if it works for someone, great. just not for me
[14:33] <+szubaark> yup..too many high fives
[14:33] <+rickf> nonono i mean the cci in general; if it works for you, great. who am i to complain or condemn it?
[14:33] <+rickf> or if i tweak it to fit my needs, does that make me less of a trader if it works for me?
[14:34] <+jbuch> looking at something that lags price never made any sense to me it just takes away from looking at how price reacts at important levels.
[14:35] <+rickf> but you only REALLY learn that lesson by trial and error, right?
[14:35] <+jbuch> no I was always to lazy to learn how to use indicators
[14:35] <+rickf> heheh
[14:36] <+jbuch> it is good to be lazy sometimes
[14:37] <+rickf> boy a nice spike on the es would be very nice .... my 1 remaining sell order is teasing me for 3 days now
[14:37] <+jbuch> I use vol a 20 ema and the tick so I am by no means a pure price guy whatever that means
[14:38] <+ItalianSharp> jbuch, how do you use volume?
[14:39] <+jbuch> mainly spikes at reversals
[14:39] <+jbuch> potential reversals
[14:41] <+jbuch> Shorts SPY @ 92.91
[14:44] <+jbuch> Covered 1/2 SPY Short @ 92.81 --> + 0.1
[14:45] <+Nesi> Shorts ES @ 924.00 -> Add «« simulator »»
[14:45] <+Nesi> 2c
[14:45] <+Nesi> 8c total...average 919.25 fwiw
[14:47] <+szubaark> Buys ES @ 925 «« paper »»
[14:47] <+jbuch> Covered Remainder SPY Short @ 92.91 --> 0
[14:49] <+szubaark> Exited all Long ES at 926 --> + 1 «« paper »»
[14:56] <+jbuch> damn that short was stupid totally against my rules and blinded me to a set up that followed my rules my rules
[15:00] <+jbuch> Long SPY @ 93.01
[15:01] <+rickf> lat hour
[15:03] <+jbuch> Exited all SPY Long @ 93.09 --> + 0.08
[15:15] <+Nesi> finaly some profit taking...or...hmm..whatever
[15:25] <tomosyn57> Long SSO @ 26.64
[15:26] <+tomosyn57> exit stop set SSO @ 26.66
[15:26] <+tomosyn57> Trailing Stop Hit SSO @ 26.66 --> + 0.02
[15:41] <+jbuch> Shorts SPY @ 92.69
[15:43] <+jbuch> Covered SPY Short @ 92.74 --> - 0.05
[15:43] <+jbuch> Reverse and Enter Long SPY @ 92.74
[15:43] <+szubaark> im gonna pass on any setups..too late in day and its friday
[15:43] <+rickf> wise
[15:43] <+rickf> me too
[15:44] <+codehead> 928.0 is reg session close Jan 6
[15:44] <+codehead> gap
[15:44] <+jbuch> Exited all SPY Long @ 92.85 --> + 0.11
[15:44] <+codehead> we hit 927.75
[15:44] <+codehead> co-inky-dink?
[15:46] <+rickf> naaaah
[15:46] <+rickf> in this market?
[15:46] <+rickf> there are no coincidences
[15:49] <+rickf>
.... here's a market-close thought:
[15:49] <+rickf> "I am hearing a rumor now that instead of the uptick rule the SEC is now telling us that it is illegal to sell financial stocks at all. Once you buy it, you own it. Period. End of story."
[15:49] <+rickf> hehehe
[15:51] <+jbuch> Shorts SPY @ 92.79
[15:53] <+jbuch> Covered all SPY Short @ 92.61 --> + 0.18
[15:53] <+rickf> vn
[15:54] <+jbuch> thanks thought i'd get 40 cents but 20 is better than a stick in the eye
[15:54] <+rickf> this late in the day yessir
[15:55] <+jbuch> i love this time of the day it is violent
[15:55] <+rickf> indeed - if you're right you can score huge
[15:56] <+jbuch> ya 2 to 3 points is pretty easy
[15:57] <+rickf> got a friend who trades 6-10AM and then comes back 3:30-4:10
[15:57] <+rickf> that's his trading day
[15:57] <+jigglyhippo> does he do well?
[15:58] <+rickf> yep
[15:58] <+jbuch> me and the fam are going on a road trip next week and I plan on doing the same
[15:59] <+rickf> ok guys that goes the week.
[16:00] <+rickf> have a good w/e -- see y'all next week
[16:00] <+jbuch> good times have a good weekend all
[16:01] * Retrieving #futurestrades modes...
[16:04] <+jigglyhippo> what hours do people in here normally trade during/
[16:11] <+codehead> 9:30-4pm eastern
[16:11] <+codehead> or 4:15
[16:13] <+jigglyhippo> oh okay i was asking because ive seen people in here at 8am
[16:18] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[16:18] <@NihabaAshi_away> It depends on the trading day...
[16:19] <@NihabaAshi_away> If some people think a 0830am est economic report will generate some good price action...
[16:19] <@NihabaAshi_away> They show up early.
[16:19] <@NihabaAshi_away> Howver, most start showing up within the first 15mins after 0930am est
[16:55] <@NihabaAshi_away> Take care all and have a good weekend
Session Close: Fri May 08 16:57:29 2009
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