Thursday, September 06, 2007

Transcript of today's real time trading conference

If anyone who does intraday trading ( some call it "day trading", but in reality it is just spotting
intraday quick plays which might , at the same time, be safe to hold overnight)
would be interested in joining Yahoo IM conference hosted by Bull Trapper of TradeGuild Investment Blog and yours truly DavidDT of Trading to Win Blog -
send an email request to alexalexttw @ yahoo com to be added to participants.
here is an example of trades placed today:
DEEP - profit 9%, HNSN 3%+ in 10 minutes, RVBD 3.5%
and ODS short - BT spotted it right at the beginning
at unchanged for the day 0% and in about 30 minutes it plunged to -11%.

Obviously participating in this conference does not constitute investment or trading advise - it is just 'this is what "I" do'
it is YOUR MONEY.

Below is a transcript of today's "trading real time conference" - fresh ( well thought out ideas!) are always welcome

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DavidDT (9/6/2007 9:46:28 AM): IDSY close to breakout ( BO from now on :) - volume is still low

DavidDT (9/6/2007 9:54:18 AM): JADE seems to be "in play" long or short – not clear yet, OLN looks like a decent long in strong sector

DavidDT (9/6/2007 9:56:44 AM): what do u think of TWTI above 8? long

DavidDT (9/6/2007 10:02:14 AM): CASY attempts to BO, zacks rated BUY

DavidDT (9/6/2007 10:06:28 AM): DEEP long

DavidDT (9/6/2007 10:19:37 AM): long RVBD 40

Bull Trapper (9/6/2007 12:10:17 PM): NEOL may be ready to break out to the tupside again-it's flirting with an intraday pennant right now, possibly ready to bust-a-move!

DavidDT (9/6/2007 12:12:11 PM): did you see DEEP? 10% since 10AM, I am up about 8% on DEEP and 3.5% on RVBD ( going to get stopped out soon I think)

DavidDT (9/6/2007 12:16:39 PM): MEAS from yesterday keeps rocking NEOL is way to speculative for me

Bull Trapper (9/6/2007 12:25:20 PM): There were excellent 3Cdivergences (intraday) in DEEP starting 8/22, still looking good except for 1-min (neg divergence)

DavidDT (9/6/2007 12:31:44 PM): I am a dumb guy, I do not predict, I react - I have like 200 stocks and predfined price break levels set for many of those, in case with DEEP - I hoped that when it'll breal upper ascending KBs - it will move and it did exceed all my reasonable expectations. RVBD was a make it or brake it honestly, well, there was a very good volume support at 40 ( on 6 months chart ). Can you use "volume by price" in TC?

Bull Trapper (9/6/2007 12:32:10 PM): My 2-min stop channel would take you out of DEEP at $12 and moving up. For your purposes, the stop channel is almost the same (right now) as a 17bar ema on 5-min chart. Neg divergences on 1-min are building.

DavidDT (9/6/2007 12:33:20 PM): SOLF is moving up - looks like today is a VALUE day :)

Bull Trapper (9/6/2007 12:34:01 PM): I'm sure you can build vol-by price indy in TC, certainly blocks, but it wouldn't read the same as there doesn't seem to be any horizontal display in either program-(could be wrong about that in blocks).

Bull Trapper (9/6/2007 12:34:35 PM): DEEP stop channel @ 12.09 now-you still in?

DavidDT (9/6/2007 12:34:45 PM): i c, that is one of the reasons why I like quotetracker

Bull Trapper (9/6/2007 12:35:15 PM): 12.12 now

DavidDT (9/6/2007 12:36:17 PM): I set -3% trailing stop on DEEP, it might continue up tomorrow as well, I don't want to get stopped too soon, both (deep and rvbd) are small size - I can afford to keep overnight, BTW - I bought AOB back yesterday, making few bucks now.

DavidDT (9/6/2007 2:55:13 PM): LGBT is your stock ( your idea) - volume is been rising last few days

DavidDT (9/6/2007 2:59:25 PM): going through the charts - nothing I like what do u thinkl of PTIE?

Bull Trapper (9/6/2007 3:01:44 PM): nstk running

DavidDT (9/6/2007 3:03:52 PM): pretty hard selling into that run (NSTK)

DavidDT (9/6/2007 3:04:11 PM): HNSN long

Bull Trapper (9/6/2007 3:04:43 PM): take a look at TASR

DavidDT (9/6/2007 3:05:56 PM): I would not touch ( personally ) TASR before 16, look at HNSN - it is very close to moving up, volume is low tho

Bull Trapper (9/6/2007 3:09:04 PM): looks interesting

DavidDT (9/6/2007 3:09:05 PM): sold AOB ( 10c profit), bought HNSN 25.07

DavidDT (9/6/2007 3:09:48 PM): was stopped from DEEP - about 8%+ profit intraday, keeping RVBD ( cost 40)

Bull Trapper (9/6/2007 3:10:57 PM): what do you like about RVBD? looks like it is rolling over

DavidDT (9/6/2007 3:11:48 PM): daily ranges - and you are correct - there is not much to like right now (RVBD)

Bull Trapper (9/6/2007 3:11:50 PM): stop channel would have taken you out at 12,21 (DEEP)

DavidDT (9/6/2007 3:12:06 PM): watching IDSY to pickup some volume, otherwise I like it

Bull Trapper (9/6/2007 3:28:58 PM): ODP getting it into the close ( short )

Bull Trapper (9/6/2007 3:29:20 PM): gotta love the no up-tick rule

Bull Trapper (9/6/2007 3:39:39 PM): scon may bounce here

DavidDT (9/6/2007 3:40:59 PM): weird action on ODP, no ER after close, nothing

Bull Trapper (9/6/2007 3:41:33 PM): hammered!

DavidDT (9/6/2007 3:41:36 PM): tempted to close HNSN 3%+ in 10 minutes

Bull Trapper (9/6/2007 3:42:25 PM): that's a tough call

DavidDT (9/6/2007 3:46:03 PM): that is what I call "fair disclosure" - ODP - look at that volume

DavidDT (9/6/2007 3:58:27 PM): will sell HNSN if goes below 25.35, still going to be 1.5%

DavidDT (9/6/2007 4:44:23 PM): how did u come up with ODP? -11% now - wow

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