SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ken Wolff who wrote (1599)10/12/1998 5:06:00 PM
From: Ken Wolff   of 2120
 
Continued......

13:26] <KenWolff> 10:28:01 1/8 of a point is not really worth the early
sweating is it???
[13:26] <whaleman> I took your BAANF short at 14 and you were in class. I
chose to bail at 3/4 on the first sign of strenght . Now look
[13:26] <KenWolff> 10:28:09 Nor 1/4 ...
[13:27] <KenWolff> 10:28:19 Unless you are averaging 2K share per trade..
[13:27] <whaleman> About 1/2 that
[13:27] <whaleman> on cheap stocks
[13:27] <KenWolff> 10:29:10 I understand... You really have to assess the
potential in the trade... it takes experience and a careful tracking of how
often I am correct..
[13:28] <KenWolff> 10:29:46 If you or I feel a trade is worth for example
on RNWK I said 36 1/2 .. then look to exit conservatively near 36 5/8 or 3/4
[13:28] <KenWolff> 10:30:08 I generally target 1/2 pt... or I do not do
the trade..
[13:29] <whaleman> I see
[13:29] <KenWolff> 10:30:45 I am more interested in doing 3 trades at 1/2
pt each ... than 10 trades at 1/8 pt...
[13:29] <KenWolff> 10:31:04 and so it is my idea to increase shares...
[13:30] <whaleman> But do you bail if you are up 3/4, buyers step in and
then you find yourself up a half?
[13:30] <KenWolff> 10:31:32 If I did not wish to do that... I would
execute 500 shares but I would enter at least 6 trades per day.... not
considering the shorting..
[13:30] <kloc> rnwk is 34 1/2 now ken
[13:30] <whaleman> It is just experience , isn't it
[13:31] <KenWolff> 10:32:29 No whaleman.. I usually do not wait for the
crowd to exit before me... the game is to take the 3/4 pt...
[13:31] <KenWolff> 10:32:58 but sometimes I will tell you to wait if you
missed the sell... cause they will go back up to the exit again..
[13:31] <whaleman> So the game is to spot the selling before the bid drops.
[13:31] <KenWolff> 10:33:02 yes ...
[13:32] <KenWolff> 10:33:15 the game is to spot, potential target... and
exit short..
[13:32] <KenWolff> 10:33:45 I am usually here to help you if you ask..
[13:32] <KenWolff> 10:34:02 If I miss your question (because I am scanning
many trades) keep asking..
[13:33] <whaleman> The odds of a 2-3 pointer are small then, given your
lower target.
[13:33] <KenWolff> 10:34:54 I feel you are fortunate to have an unbiased
unemotional experienced trader to help you with targets and keep you in the
trades .....
[13:33] <KenWolff> 10:34:59 take advantage of that..
[13:34] <whaleman> thanks ken
[13:34] <KenWolff> 10:35:31 anyone who is in their own trades would not
care about you very much...
[13:34] <KenWolff> 10:35:37 You would hear the following:
[13:34] <KenWolff> 10:35:49 "TAKE CARE OF THE DAMN TRADE YOURSELF!!"
[13:35] <KenWolff> 10:36:08 LOL..
[13:35] <KenWolff> 10:36:20 OK... lets go back to trading...
[13:35] <KenWolff> 10:36:24 thank you...
[13:35] <badger> great class as always
[13:35] <jpc> thanks ken
[13:36] <_desperado> thank you
past trade reports are located at mtrader.com
** Please type /me BUY XYZ in the #MTRADER IRC room to register trades

9:18: Thomas out Dell @ 55 9/16 + 3 1/16
9:24: melhop out ENCD at 2 11/16 +5/16
9:24: Ray out encd +11/32 on 2k
9:24: madison out ENCD +5/16
9:27: saber out encd 5/8 +1/2 friday hold
9:29: hiflyer out ECND 5/8 +1/4
9:30: phi1l sells IMCL 7 11/16 +5 /16
9:31: Magic sells ENCD + 1/4
9:31: Jefe out ENCD 2 9/16 +3/16
9:31: Janine out ENCD + 1/2
9:32: Janine short CUBE 15 5/8
9:33: Magic out AMMB 5 1/32 +1 1/32 woooohooooooo
9:35: Coyoti short RNWK 33 7/16
9:35: SandyB short NVLS @ 1/2
9:35: jpc short seek 21
9:36: Janine buy ICIX 21 1/4
9:38: phi1l buy RYC @23
9:38: tedg +1/8 BAANF
9:40: columbus shorts DELL @ 56 7/8
9:41: StockZone in BAANF 12 1/4
9:42: Quest in DELL 56 3/8
9:42: StockZone sold BAANF 12 7/16 +1/8
9:43: LDB cover file 1/8 +3/4
9:43: badger in out BAAN 1/4; 7/16 late posts
9:44: specyalatr late hungover post short SEEK 7/8
9:45: _alex98 shorts xcit 34 3/8
9:45: columbus covers DELL @ 56 1/4 56 3/8
9:47: Janine out PSFT +1
9:49: meany out ENCD + 1/4, late post
9:50: specyalatr covers SEEK flat
9:51: rwencil short FORE 10 11/16
9:52: TradRgirl buys SUNW @ 45
9:53: okeydoke in pamm 1 1/8
9:53: Quest out DELL @ 56 5/8 + 1/4
9:55: _jday hold or sell mspg?
9:56: columbus looking to short DELL
9:56: CTR-one in PAMM 1 1/8
9:57: columbus shorts DELL @ 57
9:59: columbus covers 56 @ 13/16 and 56 7/8 DELL
10:00 CTR-one in RNTK 1 1/16
10:00 columbus buys DELL @ 57
10:00 captn buys DELL paper 57 3/8
10:02 badger shorts BAANG 13 3/16
10:03 columbus sells DELL @ 57 1/4
10:03 columbus shorts DELL @ 57 5/16
10:03 captn sells DELL paper 57 1/8
10:04 _jday in ntrx
10:06 melhop covers RNWK +1/16
10:08 badger covers BAANF 1/4 -1/16 too strong; will look to reenter
10:08 TradRgirl sells ENCD for +9/16
10:09 captn buys NVLS paper 26 1/4
10:10 captn buys BAANF paper 13 5/8
10:12 Duncan3 out BAANF +2 (paper)
10:12 rwencil cover FORE 10 3/8 +5/16
10:13 choche short dell@57 13/16
10:13 choche short dell @ 56/13/16
10:14 learner in LCOS 28 5/8
10:15 captn sells BAANF paper 13 1/8
10:16 columbus covers DELL @ 56 3/4
10:16 columbus buys DELl @ 56 13/16
10:16 TradRgirl sells SUNW +7/16
10:18 columbus sells DELL @ 56 15/16
10:18 captn buys BAANF paper 13 1/8
10:18 jlg yahoo scalped a 1/16 dell
10:18 _jday NTRX climbing nicely. Good call Simon
10:18 halster out LCOS @ 29 + 4 9/16 from Thursday/Friday. 1K shares. Best trade ever.
10:19 learner out LCOS 29 1/8 +1/2
10:20 eal in BAANF 12 15/16
10:24 _poolstud in MENT 7 55/64
10:30 eal in FP 4 3/8
10:31 jpc cover seek 20 1/8 - 1/8
10:34 captn sells BAANF paper 12 INDU 8067 !!!!!
10:37 captn sells BANF PAPER 12 15/16
10:38 phi1l buy PZZA 31 1/2 --- late post ( I forgot)
10:38 _alex98 shorts xcit 34 5/8
10:41 Janine short VRTS 38 15/16
10:42 Robbie in pamm 1 1/8
10:42 kinch out CSCO 3 3/8 sorry for late post
10:43 RedSky coverd AMMB -1/4
10:44 TR8R out ammb 3/16 +5/8
10:46 twi out ENCD at 13/16 for +1/2
10:46 dbcooper sells LCOS +3/4
10:46 Janine short NVLS 27 1/16
10:47 learner in FILE 7 1/8
10:48 eal Out BAANF + 1/2 Thanks WOOGIE!!!!
10:49 hiflyer out BAANF +7/16 Thanks Ken :)
10:52 badger in AFCI 5 7/8
10:52 eal out FP + 1/4 in 5 min
10:55 phi1l sells RYC 23 1/4 + 1/4 (stopped out)
11:01 badger out AFCI 7/8 flat
11:01 ebey shorts NVLS @ 28
11:05 _jday Out NTRX @1 7/8 +5/16, thanks for news Nesi
11:07 DCmetro out GDYS 9 15/16 +1 1/16
11:08 _poolstud out ment @ 7 7/8 .....+1/64 and very happy about it!
11:11 blaster short SEEK 21 7/16
11:15 eal back in BAANF 13 1/16
11:16 meany in strl at 19 1/16
11:18 thewoman buys BAANF 12 15/16
11:20 Janine short more NVLS 28 3/4
11:20 ebey covered NVLS, 28 1/2, -1/2! :(
11:22 blaster covered SEEK 21 1/2 - 1/16
11:25 thewoman sells BAANF + 1/8
11:26 RedSky short NVSL @ 3/16
11:30 jpc short seek 21 5/8
11:33 RedSky covered NVSL -1/16
11:35 larisa short RNWK 36 (stop 36 1/4)
11:36 blaster short SEEK again 21 1/2
11:37 larisa covers RNWK 36 1/2 (-1/2)
11:44 larisa short RNWK 37 1/4 (stop 37 1/2) smaller shares
11:44 LEVEL7 shorts RNWK 1/8
11:48 larisa covers RNWK 36 7/16 +13/16
11:48 jpc cover seek 21 1/2 + 1/8
11:51 LEVEL7 covers rnwk +5/8
11:53 eal out BAANF another 3/16 Thanks WOOGIE
11:54 Riverdog My heart... my heart... !!##*&
12:00 blaster covers SEEK 21 9/16 -1/16
12:00 Janine out ICIX at 22 +1
12:01 thewoman buys BAANF 13 3/8
12:05 Riverdog out AMMB + 1/4 500 shares Yahoo..
12:09 thewoman sells BAANF + 5/16
12:16 blaster short BAANF 14 on paper (not borrowable)
12:20 melhop shorts FORE 11 1/4
12:21 melhop covers FORE +1/8 thanks gabeo
12:22 larisa buys RNWK 35 1/8 (stop 35)
12:25 blaster covers BAANF 13 7/8 +1/8 paper
12:25 larisa sells RNWK 35 7/8 (+3/4)
12:30 RedSky out MSPG +9/16
12:49 phi1l sells week old FD investment @ 38 1/4 + 3 1/8 ( blowing the party whistle, & throwing fiesta sprinkles)
13:07 madison in CEGE 3 1/8
13:14 madison out CEGE -1/16
13:15 thewoman buys BAANF 13 1/2
13:27 RedSky covered AMMB for +3/16
13:31 Baou out CEGE -3/32
13:42 meany out STRL 19 1/4 + 3/16, tired of waitig
13:53 thewoman buys BAANF 12 15/16
13:55 specyalatr shorts DELL 5/8
13:58 RedSky covered FORE for +7/16
14:05 jpc buy seek 21 1/8
14:16 larisa covers YHOO 114 1/4 +1/2 late confirms
14:23 specyalatr falls asleep
14:28 RedSky covered NVSL for -3/16
14:31 jpc out seek 21 2/16 + 1/16
14:32 okeydoke in IMCC 1 5/8
14:33 TradRgirl buys SUNW @ 45 again
14:38 larisa feels she need her dictionary :)
14:43 larisa would never call KEN a Liar:):)
14:49 melhop in out YHOO covered +3/16
14:54 TR8R watching ompt for breakout if we rally
15:00 eal in FILE 6 9/16 per WOOGIE
15:00 blaster in FILE 6 9/16
15:00 meany in partial fill at 6 17/32 FILE
15:01 thewoman buys FILE 6 9/16
15:01 davestock in FILE 6 9/16
15:02 scubamania -- buys FILE @ @ 6 9/16
15:02 melhop joining FILE at 9/16
15:05 TradRgirl buys NETM 1 3/32
15:10 larisa shorts YHOO 117 1/8 (stop~ 117 3/4) small shares
15:15 TradRgirl sells NETM +3/32
15:15 _Bukkweet in and out LCOS @ 29 3/4 +1/2 (late post and luck trade)
15:15 larisa covers YHOO 116 9/16 +1/2
15:18 thewoman buys BAANF 13 1/8
15:21 larisa buys YHOO 117 5/8 (stop 117)
15:21 Luv2Trade in atac 5 5/8
15:24 larisa sells YHOO 117 1/2 -1/8
15:30 TradRgirl sells SUNW +9/16
15:31 meany in atac at 5 9/16
15:33 davestock out FILE 6 9/16 flat, sorry, can't take no losses
15:33 blaster out file 6 9/16 flat
15:39 melhop out FILE -1/4
15:40 meany out file - 7/32
15:43 okeydoke out IMCC 1 15/16 sold instantly! Could be gappper
15:51 Robbie out pamm flat.....
15:53 meany staying in ATAC for gap
15:54 Riverdog out XCIT + 3/8 on bounce
15:54 _RichG in DELL 1/2
15:57 larisa hiding her roubles in the deep pockets <Sorry NESI>
15:57 okeydoke out pamm 1 1/8
16:00 RedSky out BAANF +5/16

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News