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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade -- Ignore unavailable to you. Want to Upgrade?

To: Ken Wolff who wrote (1549)	10/2/1998 5:59:00 PM
From: Ken Wolff	Read Replies (2) \| Respond to of 2120

(continued from previous post) [13:13] <KenWolff> 10:13:54 It did indeed hit 44 1/2 and ended at 47 .. [13:13] <H-Man> how did you pick 45 ? [13:13] <KenWolff> 10:14:04 How did I know that??? [13:13] <KenWolff> 10:14:16 am I magic?? [13:13] <DeerFern> Yes ! [13:13] <KenWolff> 10:14:27 LOL... NO!!!! [13:13] <H-Man> gr8 karnac [13:14] <KenWolff> 10:15:13 I knew it simply because I am a careful observer of every market condition and every trade I have encountered and probably remember most of them for the last 10 years... [13:14] <KenWolff> 10:15:33 I have a great mental library in me.. [13:15] <KenWolff> 10:16:11 and I can come close to targets because I am aware of the "perceived value" of every trade in most of the conditions we will encounter... [13:15] <KenWolff> 10:16:16 I am rarely fooled.. [13:16] <KenWolff> 10:16:45 so you are now building your library... [13:16] <Nesi> 3 questions holding.... [13:16] <Maxmillion> YHOO Teetering121 [13:16] <KenWolff> 10:17:11 and you are stocking your shelves... and adding information.. on paper or in your mind... [13:16] <Maxmillion> SOrry [13:16] <KenWolff> 10:17:38 I bet you a dollar to a donut hole you will be setting up very pert and alert as a dumper hits the 5th bottom from now on...!!! [13:17] <KenWolff> 10:18:02 Hey that information goes under dumpers in section 3 on shelf 4 .... [13:17] <KenWolff> 10:18:20 Next question?? [13:17] <Janine> PSFT 23 1/8 [13:17] <Nesi> Ken..sorry.. i think the market is getting active.. do u think we can suspend class for today? [13:17] <Nesi> just my opinion.. [13:18] <KenWolff> 10:18:47 sure.. we only have 10 minutes... [13:18] <KenWolff> 10:18:55 OK.. thank you gang.. lets go back to trading... [13:18] <bill> thanks ken!!! [13:18] <Nesi> thanks for class [13:18] <KenWolff> 10:19:02 welcome.. [13:18] <DeerFern> thanks Ken [13:18] <_Daytrader> thank you [13:18] <_test> thanks [13:18] <_Novice> thx [13:18] <scubamania> thx master <g> (past trade reports are located at mtrader.com ** Please type /me BUY XYZ in the #MTRADER IRC room to register trades 9:09: graeme out ASND 41 9/16 + 1/16 SNET pref to SBSH (happy 3i?) 9:12: Maxmillion Sells Amzn 106 from 102 1/2, overnight hold for gap up, +2 3/4 Premarket Instinet. Thanks Ken :) 9:17: carwizrd buy xcit 36 9:20: Threei in BTGC 6 1/2 9:26: StockZone in BTGC 6 11/16 9:30: twi out RXSD at 7/8 for + 3/4 overnight 9:30: Threei out BTGC +1/4 9:30: carwizrd buy sbux 35 9:31: Luv2Trade covered yhoo +5/8 9:32: bill in SPLS at 28 3/8 9:33: Joel in YHOO 115 1/16 9:33: larisa in YHOO 115 1/2 9:34: Bob2112 in ASND @ 40 5/8 9:34: specyalatr in DELL at 13/16 9:35: Bob2112 out ASND -3/16 9:35: brettsky out XCIT +1 3/16 from overnight 9:35: Joel sell YHOO 117 1/16 +2 Thanks Ken!! 9:35: columbus buys DELL @ 60 3/4 late confirmation 9:35: larisa sells YHOO 117 +1 1/2 9:36: carwizrd out xcit 37 3/8 +1/38 9:37: Maxmillion Held DEll 61 1/2 overnight 9:37: specyalatr out DELL 13/16 +1......HOW'S THAT KEN!!!!! 8 minutes! 9:37: bill out spls partial at 27 12/16 -5/16 9:37: carwizrd short xcit 37 1/2 9:38: Luv2Trade out sbux +1/4 9:38: bill out rest of SPLS at 27 1/2 -5/8 9:38: Maxmillion Sells DEll 62 Isld. Thanks Ken 9:39: badger in ASND 1/4 9:39: larisa buys YHOO 118 9:39: Vtrader sells OEXJQ calls @ 13 3/4 + 1 1/4 9:41: eal out NOBE overnight + 1/2 9:41: larisa sells YHOO 118 1/16 +1/16 lol 9:41: Brentsky yahoo i'm out escmf, +1 1/2, promise to now be a daytrader! 9:41: zdln in SPLS @ 27 3/8 9:41: columbus sells DELL @ 62 1/4 +1 1/2 9:41: Brentsky sorry up 1 9:42: thewoman buys SPLS 27 1/2 9:43: StockZone sell 900 ESCMF 7 1/2 + 1/2 9:43: Decibel in SPLS 27 1/2 (paper) 9:43: Bob2112 in SPLS @ 1/2 9:43: _Novice buys ASND @ 40 1/8 9:44: eal in SPLS 27 1/2 9:44: thewoman sells SPLS - 1/16 9:44: Bob2112 out SPLS -1/16 9:44: zdln out SPLS +1/16 9:45: specyalatr IS NO LONGER AN ESCMF INVESTOR!!!!!! OUT 1/2 +3/16...WHOOO HOO! 9:45: LEVEL7 shorts sbux 1/2 9:46: Decibel back out SPLS -1/16 (paper) 9:46: Riverdog short more YHOO at 118 9:46: badger stopped out ASND 40 1/16 - 3/16 9:47: eal out SPLS -5/16 9:49: carwizrd out sbux 36 7/16 - late post had to reboot 9:50: Bob2112 in SPLS @ 27 9:50: badger in ASND 1/4 9:50: specyalatr in escmf at 5/16 9:50: eal back in SPLS 27 9:50: Quest out ESCMF 7 1/4 +1/2 from TUES 9:50: bill in SPLS again at 27 9:51: madison in spls 27 9:51: TURBO in SPLS @ 27 9:51: thewoman buys SPLS 27 9:51: Decibel in SPLS 27 1/4 (paper) 9:51: Magic in SPLS 27 9:52: Coyoti short PSIX 12 7/8 9:52: badger stopped out ASND again 7/8 - 3/8 9:52: bill out SPLS at 27 1/8 + 1/8 9:53: Riverdog out YHOO 1/2 + 1/2 9:53: djr in PSFT 11/16 9:53: LEVEL7 covers sbux 15/16 +9/16 9:53: jpc buy psft 24 5/8 9:54: StockZone in CBTSY 9 15/16 9:54: djr out PSFT -5/16 small shares 9:55: madison out spls +3/16 got out when it paused 9:55: Magic out SPLS 27 3/16 +3/16 9:55: Bob2112 out SPLS +3/16 9:55: _Novice out ASND @ 39 (had to chase stop down) oUCH 9:55: badger in ASND 1/8 9:56: Janine buy PSFT 24 3/16 9:57: Threei in INFM 5 1/8 9:58: Diddly long INFM 5 1/8 9:58: columbus buys DELL @ 60 9/16 9:59: specyalatr in DELL at 5/8 10:00 madison in INFM 5 1/8 10:00 badger in ASND 11/16 10:00 twi out XYLN at 12 for +3/16 overnight . . . held too long 10:00 learner in PSFT 23 7/8 10:00 carwizrd cover xcit 36 5/16 +1 3/16 - had to reboot again done for day puter prob!! 10:00 TURBO in SBUX @ 35 7/16 10:01 Siggy in infm 1/8 10:01 Riverdog in YHOO 116 1/2 10:01 specyalatr out DELL 3/4 + 1/8....dont do that to me! 10:01 columbus sells DELL @ 60 7/8 +5/16 10:03 Robbie short xcit 36 5/8 10:03 TURBO out SBUX - 3/16 10:03 Riverdog out YHOO 1/8 - 3/8 10:04 hardway shorts coms 10:05 Threei out INFM +1/8 and 1/16 10:05 Siggy out infm 1/8 flat 10:05 madison out INFM flat 10:06 RapidFire in PSFT 24 1/16 on papaer 10:06 TURBO out SPLS +3/16 10:07 specyalatr in DELL at 3/16 10:07 thewoman sells SPLS + 1/16 10:08 RapidFire out PSFT @ 23 7/8 -3/16 paper 10:08 Riverdog short YHOO 114 1/8 I just can't get enough 10:11 Riverdog cover YHOO 115 10:11 badger in ASND 37 7/8 10:12 columbus buys DELL @ 60 3/16 10:13 Quest in dell 5/s 10:13 StockZone out CBTSY flat 10:13 zdln in XCIT @ 36 1/2 10:13 RapidFire in PSFT @ 24 1/8 late post on papaer 10:14 LEVEL7 shorts psft 1/4 10:14 zdln out XCIT +1/4 10:14 columbus sells DELL @ 60 7/16 10:15 specyalatr out DELL 3/8 + 3/16... 10:16 Quest out dell @ 1/8 - s/s 10:16 Decibel out SPLS -3/8 (paper) 10:19 specyalatr is in all cash!! 10:19 RapidFire out PSFT @ 23 7/8 -1/4 on papaer 10:19 LEVEL7 covers psft 3/4 +1/2 10:20 Luv2Trade out amzn 5/16 +11/16 10:28 Bob2112 out PSFT -3/16 10:29 bill back in SPLS at 26 1/2 10:30 madison in PSFT 3/8 10:30 Quest in PSFT 3/8 10:31 Venture in psft 3/8 10:31 RapidFire in PSFT @ 23 3/8 on papaer 10:31 Threei in PSFT 23 3/8 10:31 hardway covers spls +5/16, & CSCO +1/8 10:31 djr in psft 3/8 10:32 specyalatr stays out of psft... 10:32 Maxmillion buys DELL 59 1/2 10:33 Threei out PSFT -1/16 10:33 RapidFire out PSFT @ 23 1/4 on paper 10:33 djr out PSFT -1/16 10:33 Venture out psft @23 5/16 10:33 Quest out PSFT -3/s 10:35 madison finally out psft -3/16 10:37 badger out 37 3/16 ASND +6/16 late posts 10:41 BillyD in spls 26 1/2 10:41 Robbie cover xcit 35 1/4 + 1 3/8 10:44 Bob2112 out PSFT -3/16 10:46 badger in PSFT 1/2 10:46 Venture in psft 10:47 RapidFire in PSFT @ 22 11/16 on paper 10:48 Coyoti covers PSIX at 12.375 +1/2 10:49 bill out SPLS 26 13/16 + 5/16 10:50 jlg long DELL 58 7/16 10:50 hardway long psft 3/4 10:50 badger in PSFT more 3/4 10:50 djr in DELL 59 1/2 10:51 Maxmillion buys more DEll 58 1/4 10:53 BillyD out spls = 5/16 10:53 Noon <--Buys PSFT @ 7/8 10:54 Riverdog in PSFT at 23 1/4 paper 10:54 Robbie short xcit 36 1/8 10:55 badger averaged out of PSFT +1/2 + 3/4 and +1 10:56 TURBO in SBUX @ 1/2 10:56 djr out DELL +13/16 10:58 Venture in sbux 34 1/2 late pst 10:59 Riverdog out PSFT + 3/4 paper 10:59 greenmkr out PSFT 15/16 +1 1/4 thanks Ken 11:00 jlg out DELL up 1 + yeesss 11:00 brettsky in MTRS @ 22 3/4 11:03 hardway out psft +1, wahooo!@! 11:03 Quest in PSFT 23 3/8 11:03 Threei in PSFT 3/8 11:03 Venture in psft 23 3/8 2nd buy 11:04 badger in PSFT 1/2 11:04 larisa buys PSFT 23 1/2 11:04 Maxmillion sells dell 60 11:04 Riverdog in PSFT at 1/2 paper 11:04 LEVEL7 psft 1/2 11:05 Mikelo buy PSFT 24 9/16 11:05 Danno in PSFT 23 1/2 11:06 Threei out PSFT =1/2 11:06 larisa sells PSFT 23 3/4 +1/4 (late confirm) 11:07 Venture out psft 23 3/4 11:07 Mike in out PSFT +5/16 only 400 shares filled 11:08 Venture out psft for +1 9/16 11:08 badger out PSFT 5/8 & 3/4 from 9/16 11:09 Mikelo sell PSFT 24 5/8 +1/16 11:09 Quest out PSFT @ 5/8 + 1/4 11:09 Riverdog out PSFT + 1/8 too much of a nail biter and it's only paper!@!!!!! 11:09 Danno out PSFT 23 11/16 +3/16 11:09 Mikelo correction 23 5/8 11:10 _Daytrader still cannot pull the trigger argh 11:13 Noon <--Sells PSFT @ 9/16 +11/16 11:15 _swang xcit 36 1/2 + 1/2 late post 11:16 larisa buys YHOO 118 1/8 11:16 H-Man out psft +63/64 avg,, lol 11:18 larisa sells YHOO 118 -1/8 11:18 TURBO out SBUX @ 1/4 +3/4 Whew!!! 11:19 birdhuntr out oex calls +1 11:20 TURBO in SPLS @ 7/8 with stop @ 3/4 11:23 H-Man gonna play the number tonight wins-loss=777.77 11:26 badger in PSFT 23 15/16 11:27 Luv2Trade short yhoo 118 11/16 and praying 11:28 badger out PSFT 24 3/16 +1/4 11:31 Coyoti short PSIX again at 12 11/16 11:31 Threei in EBSC 10 1/8, bid looks convincing 11:34 twi in RXSD at 5/16 - late post 11:36 twi in XYLN at 5/8 11:37 Maxmillion sells short YHOO 118 1/2 11:40 TURBO out SPLS @ 3/16 +1/16 it couldnt break 1/8 with heavy buying for a second time 11:40 RapidFire out PSFT @ 23 3/4 + 1 1/16 on paper 11:41 TURBO out @1/16 +3/16 11:42 eal out SPLS flat 11:45 BillyD in ebsc 10 1/8 11:57 BillyD out ebsc 10 1/2 + 3/8...thx 3i:) 11:59 scubamania -- sells shoer @ ASND @ 13/16 12:00 Coyoti covers PSIX -1/16 12:02 Maxmillion Shorts more YHOO 120 12:03 Maxmillion shorts DELL 61 5/8 12:03 bill short LCOS 31 3/16 12:05 phi1l buy TUP 12 9/16 12:06 bill covers LCOS 31 1/16 + 1/16 half lot due to partial fills 12:07 candy out EBSC +1/4, 1st trade in a week! 12:07 Coyoti short PSIX 12 15/16 12:10 hardway shorts yhoo 5/8 12:12 scubamania covewrs ASND @ 39 3/8 + 7/16 12:13 Danno short SEEK 23 1/2 12:15 _Novice buys PSFT @ 1/4 (paper) 12:15 Threei in INFM 5 1/8 12:17 graeme sells AHOM +1/4 12:17 madison in psft 1/4 12:17 Threei out EBSC =5/8 12:18 Threei out INFM +1/16 12:18 scubamania -- buys PSFT @ @ 23 1/4 12:18 bill short LCOS again at 31 5/16 12:24 _Novice out PSFT 23 3/8 (+1/8 paper) 12:24 bill covers LCOS 31 7/16 -5/16 12:24 Bob2112 out PSFT + 1/8 12:25 jlg short AMZN 107 9/16 very small shares 12:25 madison out PSFT +1/16 yippee 12:26 bill correction, covered LCOS at 31 7/16 -1/8 12:27 Deb short FORE @ 3/8 12:28 Deb covered FORE @ 1/8 12:29 badger in PSFT 1/8 12:31 madison in PSFT 1/8 again 12:39 Deb out SPLS @ 27 5/16 +1/4 12:44 madison out PSFT CNBC killed it with negative mention 12:45 larisa buys 600K of ODFL using threei's account :) 12:46 dbcooper sells LCOS +2 ...:-)) 12:53 RedSky out AHOM 3K for average of +1 1/32 12:55 Threei in INFM 5 1/8 13:00 Noon <--Buys INFM @ 1/8 13:09 Threei out INFM +3/16 13:11 greenmkr sells EBSC 5/8 +1 3/8 thankyou 3i!!!!! 13:15 Deb short LCOS @ 33 13:15 larisa tries to short YHOO 121 13:18 _swang short lcos 33 13:19 _Maurice short lcos 33 1/8 late post 13:20 bill short LCOS 32 7/8 13:22 TURBO in PSFT @ 23 13:22 Janine in more PSFT @ 23 13:26 larisa covers YHOO 121 1/4 -1/4 (small shares) 13:28 _Maurice cov Lcos + 1/4 13:30 larisa shorts YHOO 121 1/8 (late post) 13:30 bill out LCOS 32 3/4 + 1/8 13:32 TURBO out PSFT @ 1/4 +1/4 13:33 Ray out FORE +5/8 13:33 Noon <--Sells INFM @ 9/32 +5/32 13:34 larisa covers YHOO 120 1/2 +5/8 (small shares) 13:37 _swang covers lcos 32 3/8 + 5/8 13:54 Threei out INFM +3/16 4th time 13:56 _Novice buys AZPN @ 14 (paper) 13:59 _Novice out AZPN @ 13 1/2 -1/2 (only because on paper) 14:00 columbus short DELL 62 1/4 14:04 columbus covers DELL @ 62 +1/4 14:07 Bob2112 wishing I took the chance at 12 11/16 with 200 14:10 learner paper shorts AZPN 14 5/16 14:11 thewoman out of AZPN + 2 3/4 JUST KIDDING! 14:14 learner covers AZPN 14 5/8 - 1/2 (on paper...toilet paper) 14:17 LEVEL7 traded azpn 2x +1 7/8 =3/16 14:21 _Novice shorts KEN @ $1 14:21 Bob2112 wacks Ken with a large trout 14:23 larisa confused : market is DEAD, why everuone is sooo excited then??? 14:29 badger in PSFT 1/2 14:29 madison in PSFT 1/2 14:29 Janine in PSFT 22 1/2 ONE MORE TIME 14:30 TR8R psft 9/16 14:30 _Maurice Psft 22.5 (late post) 14:31 TR8R out psft 5/8 14:32 badger stopped PSFT 22 3/8 -1/8 oh well 14:32 zdln short AMZN @ 108 1/4 on Rubintalk 14:32 _Maurice Out Psft flat 14:33 madison that was ugly and expensive out PSFT -1/8 average 14:36 badger in PSFT 22 1/8 14:36 learner in PSFT 22 1/4 14:36 Deb covered my FORE 2 12 1/8 +1/4 14:36 TURBO in PSFT @ 5/16 14:38 carwizrd buy xcit 37 7/16 14:39 badger out PSFT 3/8 +1/8 3000 shs 14:39 phi1l sells CSX @ 43 1/8 + 5/8 from a week & 1/2 ago 14:41 badger shorts PSFT 22 1/2 14:43 TURBO out PSFT @ 3/8 +1/16 not worth the stomach grind 14:43 badger covers PSFT short 22 1/4 + 1/4 14:43 Jer2911 out EBSC 11 13/16 +11/16 tortoise wins! 14:44 carwizrd out xcit 37 5/16 -1/8 14:48 learner out PSFT 22 7/16 +3/16 14:50 phi1l sells SPW @ 46 5/16 +5 11/16 from WED 14:51 carwizrd short xcit 7/16 14:55 _Daytrader is shaking like crazy 15:02 madison out PSFT +1/4 15:05 TURBO out PSFT @ 1/4 +3/4 only 500sh 15:10 badger in PSFT 3/8 out 5/8 scalp 15:12 Ray out PSFT +13/16 . Took two tries to get it right 15:15 Ray back in PSFT 23 11/16 15:17 Magic SELLS YHOO from yesterday 123 7/8 +1 13/16 woooohooooo!!!!! 15:20 carwizrd short more xcit 38 15:22 Magic SELLS PAYX from yesterday 45 +1 WOOOOHOOOOOO!!!!!!!! 15:42 _swang short xcit 38 1/8 15:43 orca144 short PSFT @ 24 15:45 Janine BUY PSFT 24 holy cow 15:45 Joel buy PSFT 24 15:45 Threei in IMCC 1 1/2 for scalp 15:47 Joel sell PSFT +5/16 15:47 _swang covers xcit 38 + 1/8 15:47 carwizrd covers xcit 38 1/8 - too strong for me 15:48 Joel buy again PSFT 24 3/8 for overnight 15:55 Threei out IMCC +3/32 15:57 carwizrd admits is all CA$H so he can sleep this weekend...8=)) 15:59 Joel sell PSFT 1/4 following Ken's advice. 15:59 bill long on CASH for weekend

To: Ken Wolff who wrote (1549)	10/3/1998 10:11:00 AM
From: Captn	Read Replies (1) \| Respond to of 2120

I think it just suffers from "thread meander". There are a lot of threads here on SI short term and I'll bet folks just aren't sure where they want to jump in. I know that's a question I face everytime I read the threads or have a question. I did something interesting this am. Per your and other's recommends, I spent about an hour at the MB site. Very content rich. I also found the "First Alert" site. I found it interesting that they list thre different sets of trading filters including their own, Cooper's and Connor/Raschke's. If some one wants tricks, there's a bundle!