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The Nightly Newsletter

 

 Educational Chats - Following the Trading Calls
   

For further examples of our trading calls and how to follow them, please visit our Traders Guide.

[16:03] <bluemonkey_67> ok, are you guys ready?

[16:04] <CarolAnn> yes

[16:04] <Steven> yes

[16:04] <mv11> me too

[16:04] <newbie> ok

[16:04] <newTrader> sure

[16:05] <bluemonkey_67> You may need a pad of paper and a pen

[16:05] <time> yes

[16:05] <bluemonkey_67> make sure you have one

[16:05] <bluemonkey_67> The purpose of this educational chat is to help you follow the trading calls. We are not going to teach you how these price levels are determined in this educational chat. Instead we are going to teach you how to use these numbers to help you become a successful trader.

[16:05] <bluemonkey_67> Please hold all of your questions until I ask for them. This will be a structured educational chat and I expect everyone to follow along. I will pause at times to see if everyone is keeping up. Please respond with a yes or a no when I ask. Thanks.

[16:06] <bluemonkey_67> First of all, the reasons we issue trading calls in the manner in which we do are:

[16:06] <bluemonkey_67> You need to be prepared to trade. If we just told you to buy at 50 and sell at 51 after we enter the trade you may never get in to the stock. But if you knew we would trigger a buy near 50 well before the trade you would have ample opportunity. So by providing the calls in the manner we do you always know what we are going to do before we do it

[16:06] <bluemonkey_67> The methods we use also allow us to repeat a trade many times, and at different levels, based on the trading call. That means if the stock passes our target we can identify another target because the levels are already provided. Or if it reverses from our target, we know where to re-enter.

[16:07] <bluemonkey_67> By using this strategy you are forced to accept a trading discipline. You don't enter a trade unless it is triggered, and your targets are always clear. This discipline is critical to your success as a trader. Without it you will be lost. This is what we call our plan. We will talk more about this later

[16:07] <bluemonkey_67> We always want to keep our stop losses small. Therefore we adhere to a $0.20 stop loss on every trade. Realistically the stops will vary slightly, but the point is to keep it close to $0.20. Do not let the stock run away from you.

[16:07] <bluemonkey_67> Also, we like to use profit stops when we can. A profit stop helps us maximize our returns. Here's an example: we buy XYZ at 50.5 target 51.5 based on the sup/res calls. Clearly our stop would be near 50.3. If the stock moves above 51, and touched 51.25, we issue a profit stop at 50.99. This guarantees a profit of near .5 and it allows us to ride the stock higher, beyond our initial target. If the stock m

[16:08] <bluemonkey_67> We never issue a profit stop unless we can lock in at least a $0.50 gain. Also we always wait for $0.25 above a round number. Based on our experience the likelihood of a successful profit stop is significantly increased if we use this method.

[16:08] <bluemonkey_67> By using tight stop losses and profit stops in conjunction with the trading call we are likely to maximize our returns and minimize our risk.

[16:09] <bluemonkey_67> I will summarize what I have said and open it for questions. Then we'll use a couple of examples.

[16:09] <bluemonkey_67> before trades are triggered..

[16:09] <bluemonkey_67> Are there any questions so far? We plan on using some examples next….

[16:10] <Steven> no

[16:10] <market> n

[16:10] <sroof> no

[16:10] <newbie> no

[16:10] <hank123> no

[16:10] <joanzin> no

[16:10] <CarolAnn> No

[16:10] <market> you use market ot limit order to enter ?

[16:10] <bluemonkey_67> we should almost always use a limit order

[16:11] <bluemonkey_67> your limit may not actually be the same price as you get though

[16:11] <bluemonkey_67> let's use the 50.5 example

[16:11] <bluemonkey_67> if the stock is about to trigger 50.5 from near 50, so it is rising

[16:11] <bluemonkey_67> and you want to buy

[16:12] <bluemonkey_67> maybe your limit is 50.55 once you see it trigger

[16:12] <Trialmember4> when you say near 50 ... whats the max gap from 50 you should buy

[16:12] <bluemonkey_67> that means you don't want anything more than 50.55

[16:12] <bluemonkey_67> trial, please change your name and I will tell you

[16:12] <bluemonkey_67> change your name by typing /nick yournewname

[16:13] <bluemonkey_67> I think keeping the target as close as possible is best, usually .05

[16:13] <bluemonkey_67> remember that we are using tight stops

[16:13] <bluemonkey_67> so the usefulness of them is thrown out of the window if we miss the targets

[16:13] <bluemonkey_67> did that answer your question?

[16:13] <market> when you enter stop order ?

[16:14] <bluemonkey_67> stop orders..you should have an idea about where they are going to be placed before the trade

[16:14] <sroof> question

[16:14] <bluemonkey_67> once you know it is up to you on how to place it

[16:14] <market> how about you

[16:14] <Trialmember2> My real time screen has a problem. What can I do. The screen ask me to contact yourcompany

[16:14] <bluemonkey_67> I think, if you have a good DAT rtrading platform, you can do it manually

[16:15] <CarolAnn> Is it .2 under the trigger? or under the buy price?

[16:15] <bluemonkey_67> trial, please do not ask that now, we are having an educational chat

[16:15] <bluemonkey_67> Carol, under the trigger

[16:15] <CarolAnn> ok, thanks

[16:16] <sroof> do ecn or direct acess allow you to get out a lot quicker sometimes trying to get out with ameritrade it will be .40 before i can get out

[16:16] <bluemonkey_67> yes sroof

[16:16] <bluemonkey_67> much much faster

[16:16] <Hunter> this is straight gambling .. no bones about it

[16:16] <CarolAnn> Happened to me TODAY!

[16:16] <sroof> then i must change

[16:16] <bluemonkey_67> if you use amtd or anyone like them you will likely lose money

[16:17] <bluemonkey_67> you need DAT in this business

[16:17] <CarolAnn> Datek?

[16:17] <sroof> ok ok ok

[16:17] <bluemonkey_67> DAT= direct access trading

[16:17] <bluemonkey_67> this is not a discussion about brokers

[16:17] <bluemonkey_67> let's continue

[16:17] <bluemonkey_67> The idea is to short the weak and to buy the strong. We prefer to short the weak near resistance with with targets near support and stops just over resistance. Or we prefer to short the weak on breaks of support levels with targets near the next support level and stops just over that support level that was broken and that triggered the short.

[16:18] <bluemonkey_67> We prefer to buy the strong near support levels with targets near resistance levels and

[16:18] <bluemonkey_67> stops under the support levels. Or we prefer to buy the strong on breaks of resistance

[16:18] <bluemonkey_67> levels with targets of the next resistance level and stops under the former resistance that

[16:18] <bluemonkey_67> was broken and triggered the buy.

[16:18] <bluemonkey_67> Neutral basket imply that we can trade the stock in both directions, long and short,

[16:18] <bluemonkey_67> depending on the market at the time.

[16:18] <bluemonkey_67> Are there any questions about this?

[16:19] <Hunter> so what you're saying is buy low sell hight , right ?

[16:19] <bluemonkey_67> no

[16:19] <bluemonkey_67> I am saying buy at support, or when resistance breaks

[16:19] <bluemonkey_67> resistance can be high of the day

[16:20] <Hunter> timing the market is for gamblers .. even with good research

[16:20] <bluemonkey_67> Hunter, you opinion is shared by many...but we are learning how to implement strategies...

[16:20] <Hunter> ok, sorry

[16:20] <bluemonkey_67> are there any questions about this so far?

[16:21] <Steven> no

[16:21] <bluemonkey_67> I'll offer some examples next...

[16:21] <bluemonkey_67> Let's start with an example:

[16:21] <bluemonkey_67> QLGC

[16:21] <bluemonkey_67> Basket: Strong.

[16:21] <bluemonkey_67> sup1 54.8

[16:21] <bluemonkey_67> sup2 54.28

[16:21] <bluemonkey_67> sup3 53.36

[16:21] <bluemonkey_67> res1 55.35

[16:21] <bluemonkey_67> res2 56.23

[16:21] <bluemonkey_67> res3 57.75

[16:22] <bluemonkey_67> please write this down on your pad of paper

[16:22] <bluemonkey_67> let me know when you all are finished

[16:22] <CarolAnn> I'm ok

[16:22] <market> done

[16:22] <joanzin> done

[16:23] <bluemonkey_67> Let's assume QLGC is at 53.5

[16:23] <bluemonkey_67> do we look to buy it or do we look to short it?

[16:23] <market> b

[16:23] <sroof> ok

[16:23] <joanzin> b

[16:23] <newbie> ok

[16:23] <CarolAnn> As a neutral, either

[16:24] <sroof> long

[16:24] <bluemonkey_67> any other guesses?

[16:24] <CarolAnn> Oh...strong!

[16:24] <CarolAnn> Buy

[16:24] <sroof> long is strong

[16:24] <bluemonkey_67> ;_0

[16:24] <lk> wait.

[16:24] <bluemonkey_67> good you guys got that

[16:24] <bluemonkey_67> always look at the basket first

[16:24] <bluemonkey_67> the basket tells us the bias we have in the stock

[16:24] <CarolAnn> I had the e-mail you sent printed

[16:25] <bluemonkey_67> now...

[16:25] <bluemonkey_67> at 53.5...where is a buy triggered?

[16:25] <market> 53.36

[16:25] <joanzin> 54.08

[16:25] <CarolAnn> on a dip to 53.36, or penetration of 52.28

[16:25] <sroof> 53.40 for me

[16:25] <bluemonkey_67> any other guesses?

[16:25] <lk> 53.36

[16:26] <CarolAnn> (54.28)

[16:26] <market> if it trigger

[16:26] <sroof> 55.35 is trigger

[16:26] <bluemonkey_67> at 53.5 the stock will trigger at 53.36 or at 54.28

[16:27] <bluemonkey_67> do you guys see that?

[16:27] <CarolAnn> yes

[16:27] <Steven> yes

[16:27] <bluemonkey_67> let me ask it another way

[16:27] <joanzin> so buy at either price?

[16:27] <bluemonkey_67> where is the first level of support if qlgc is 53.5?

[16:28] <lk> 53.36

[16:28] <_scuba> 53.35

[16:28] <CarolAnn> 53.36

[16:28] <joanzin> 53.36

[16:28] <bluemonkey_67> right

[16:28] <bluemonkey_67> so where is the first level of res?

[16:28] <CarolAnn> 54.28

[16:28] <Steven> 55.35

[16:28] <lk> 54.28

[16:28] <joanzin> 54.28

[16:28] <market> 54.28

[16:28] <sroof> 55.35

[16:28] <newbie> 55.35

[16:29] <joanzin> 55.35

[16:29] <_scuba> of course I'd just be shorting some more having already shorted it at 54.27 lol

[16:30] <_scuba> nite guys c u tomato ..._B-}

[16:30] <market> bm. please a little fast

[16:31] <market> what happen ?

[16:32] <Trialmember0> Hello

[16:32] <market> change your name

[16:32] <newbie> bm are you there?

[16:33] <joanzin> i have a banana for you if you come back, bm

[16:34] <CarolAnn> I can't get a ping on him, probably a net split coming

[16:34] <bluemonkey_66> test

[16:35] <bluemonkey_66> hello

[16:35] <CarolAnn> welcome back

[16:35] <market> missing

[16:35] <bluemonkey_66> ok..internet connection went down

[16:35] <bluemonkey_66> where was I?

[16:35] <newbie> first res

[16:36] <CarolAnn> yes

[16:36] <bluemonkey_66> ok, first level of res was former support

[16:36] <sroof> 55.35

[16:36] <market> 54.28

[16:36] <CarolAnn> 54.28

[16:36] <bluemonkey_66> after the support level breaks it becomes res

[16:36] <bluemonkey_66> sroof, your number indeed is res1

[16:36] <bluemonkey_66> but

[16:36] <bluemonkey_66> when sup1 breaks

[16:36] <bluemonkey_66> it in effect becomes the fiurst level of res

[16:36] <sroof> ok i am with you

[16:37] <bluemonkey_66> when sup2 breaks it becomes the first level of res and sup1 becomes the first

[16:37] <bluemonkey_66> do you guys understand that?

[16:37] <sroof> what price are we figuring we are at now

[16:37] <bluemonkey_66> 53,5

[16:37] <bluemonkey_66> 53.5

[16:38] <sroof> gotcha'

[16:38] <bluemonkey_66> ok...

[16:38] <bluemonkey_66> now I want you guys to tell me what the plan would be if we get triggered long at 54.28?

[16:38] <bluemonkey_66> a plan is...

[16:38] <bluemonkey_66> buy at x target y stop at z

[16:39] <sroof> res 1 at54.80

[16:39] <market> stop 54 target 54.8

[16:39] <bluemonkey_66> please say it in full

[16:39] <CarolAnn> stop at 54.08, target of 54.8

[16:39] <bluemonkey_66> start with buy @

[16:39] <bluemonkey_66> buy at x, target y, stop at z

[16:39] <CarolAnn> but (linot) at 54.33

[16:39] <bluemonkey_66> what are x, z, z

[16:39] <CarolAnn> (limit)

[16:39] <bluemonkey_66> x, y, z

[16:40] <market> you want to take profit here or not if buy at 53.36 ?

[16:40] <bluemonkey_66> market, we did not buy there

[16:40] <bluemonkey_66> we did at 54.28

[16:40] <bluemonkey_66> but

[16:40] <CarolAnn> buy ( limit) 54.33, stop 54.08, target 54.8

[16:40] <sroof> buy at 54.28 atop at 54.08 taget 54.80

[16:40] <bluemonkey_66> I want you guys to practice the entire plan

[16:40] <newbie> buy @54.28 target54.8 stop @54.08

[16:40] <bluemonkey_66> yes, that is correct

[16:41] <sroof> that is what i had

[16:41] <CarolAnn> buy at 54.28? or limiy 54.33?

[16:42] <bluemonkey_66> ok, this is a plan when we get triggered at 54.28

[16:42] <bluemonkey_66> when/if

[16:42] <bluemonkey_66> what is the plan if we get triggered at 53.36?

[16:42] <sroof> stop 53.16 target 54.80

[16:42] <CarolAnn> but(Lim) at 53.42, stop 53.16, target 54.28

[16:42] <market> buy @53.36 taget 54.28, stop @53.16

[16:43] <bluemonkey_66> the whole plan sroof, always start with buy

[16:43] <newbie> buy @ 53.36 target 53.28 stop 53.16

[16:43] <bluemonkey_66> sroof, check you target

[16:43] <sroof> 53.36 buy 53.16 stop 54.80 target

[16:44] <bluemonkey_66> check your target sroof

[16:44] <newbie> targe 54.28

[16:44] <bluemonkey_66> and check you thumbs newbie :-)

[16:44] <bluemonkey_66> sroof, if we buy at 53.36 where is the next level of res?

[16:44] <sroof> 54.28

[16:44] <bluemonkey_66> out targets are always the next level of res right?

[16:44] <bluemonkey_66> our

[16:45] <sroof> ok

[16:45] <bluemonkey_66> but...

[16:45] <bluemonkey_66> what do we do when the stock gets to 54.25?

[16:45] <market> stop loss 54

[16:45] <sroof> profit stop at 54

[16:45] <CarolAnn> But BM...Buy @Trig? OR buy(limit) @ trig+.05???

[16:45] <bluemonkey_66> don't call it a stop loss, call it a profit stop

[16:46] <market> move stop loss @53.98

[16:46] <CarolAnn> Profit stop at 53.99

[16:46] <bluemonkey_66> no carol, you need to see the trigger in the bid/ask

[16:46] <bluemonkey_66> your entry may be .05 though

[16:46] <bluemonkey_66> right Carol

[16:46] <bluemonkey_66> at 54.25 we issue a profit stop at 53.99

[16:46] <bluemonkey_66> you guys see that?

[16:46] <sroof> right

[16:47] <market> yes

[16:47] <Steven> yes

[16:47] <bluemonkey_66> now when the stock reaches our target what do we do?

[16:47] <market> let it run

[16:47] <CarolAnn> depends on behavior

[16:47] <Steven> hold unless stopped out

[16:48] <bluemonkey_66> The idea is to maximize our gains with profit stops

[16:48] <bluemonkey_66> so we want to hold as long as we can

[16:48] <bluemonkey_66> we want to let the stock have every opportunity to run

[16:48] <sroof> depens on market and stock strength

[16:48] <bluemonkey_66> what if the stock gets to 54.9?

[16:49] <Steven> hold and place a new profit loos

[16:49] <Steven> loss

[16:49] <Steven> gain

[16:49] <CarolAnn> move profit stop to 54.49

[16:49] <bluemonkey_66> no, it was a trick question

[16:49] <market> profit stop at 54.2

[16:49] <bluemonkey_66> we don't move the profit stop

[16:49] <market> or take it

[16:50] <bluemonkey_66> we don't take profits right there either

[16:50] <bluemonkey_66> but we say to ourselves that the gains are significant and that we don't want to lose them

[16:50] <bluemonkey_66> so we include a mental stop if you will

[16:50] <bluemonkey_66> in this situation I'd place it at 54.36

[16:50] <bluemonkey_66> that means I'd lock in my 1 point

[16:51] <bluemonkey_66> and I like 1 point gains

[16:51] <market> good

[16:51] <bluemonkey_66> at the same time the stock has room to decline a little and still turn up before we are stopped

[16:51] <bluemonkey_66> that gives us ythe chance for more gains

[16:52] <bluemonkey_66> if the stock goes higher, when do we increase our profit stop?

[16:52] <sroof> 55.25

[16:52] <market> 55.25

[16:52] <CarolAnn> after penetrating 55.25, to 54.99

[16:52] <bluemonkey_66> right...

[16:53] <bluemonkey_66> was that pretty easy?

[16:53] <sroof> yes

[16:53] <bluemonkey_66> let's back track a little

[16:53] <bluemonkey_66> let's go back to when the stock was 53.5

[16:53] <bluemonkey_66> we know where we are going to be triggered

[16:53] <bluemonkey_66> and we have 2 plans right?

[16:54] <CarolAnn> for 53.36 and 54.28

[16:54] <sroof> 53.36 53.16 54.28

[16:54] <market> short it below 53.10

[16:54] <bluemonkey_66> market, we never short a strong stock

[16:55] <bluemonkey_66> sroof, where did 53.16 come from?

[16:55] <sroof> stop loss

[16:55] <bluemonkey_66> remember a plan is buy at x, sell at y, stop at z...you need to say it explicitly each time please

[16:55] <bluemonkey_66> ok..

[16:55] <sroof> okj

[16:55] <bluemonkey_66> but there are 2 plans

[16:55] <bluemonkey_66> 1 for the 53.36 trigger and 1 for the 54.28 trigger right?

[16:56] <market> yes

[16:56] <CarolAnn> right

[16:56] <Steven> yes

[16:56] <sroof> yes

[16:56] <bluemonkey_66> therefore the stock could bounce around all day and go no where, then suddenly start to move

[16:56] <bluemonkey_66> instead of us scrambling to determine what to do

[16:56] <bluemonkey_66> we have a plan aleready

[16:56] <bluemonkey_66> and we are prepared

[16:56] <sroof> and we wait

[16:57] <bluemonkey_66> if it triggers, we move, because we know what we are going to do already

[16:57] <CarolAnn> should we write the 2 plans out while waiting for the stock to decide?

[16:57] <bluemonkey_66> this means we are ahead of the game

[16:57] <market> look like a science

[16:57] <bluemonkey_66> yes carol...

[16:57] <CarolAnn> k

[16:58] <bluemonkey_66> let's do another, and then you guys can get outta here

[16:58] <sroof> ok

[16:58] <Steven> ok

[16:58] <bluemonkey_66> QLGC

[16:58] <bluemonkey_66> Basket: weak

[16:58] <bluemonkey_66> sup1 54.8

[16:58] <bluemonkey_66> sup2 54.28

[16:58] <bluemonkey_66> sup3 53.36

[16:58] <bluemonkey_66> res1 55.35

[16:58] <bluemonkey_66> res2 56.23

[16:58] <bluemonkey_66> res3 57.75

[16:59] <bluemonkey_66> QLGC is at 58....what are our 2 plans????

[16:59] <lk> short down through 57.75

[17:00] <CarolAnn> short @ 57,57, stop 57.95, targer 5623

[17:00] <bluemonkey_66> please state the whole plan lk

[17:00] <CarolAnn> (57.75)

[17:00] <sroof> short at 57.75 and56.23

[17:00] <bluemonkey_66> sroof, please state your entire plan

[17:00] <bluemonkey_66> in proper format

[17:00] <sroof> 57.75 56.23 57.95

[17:00] <bluemonkey_66> it is important that you think this way

[17:01] <market> bm, which stock, sorry

[17:01] <bluemonkey_66> with the words my friend

[17:01] <bluemonkey_66> no short cuts

[17:01] <bluemonkey_66> QLGC

[17:01] <bluemonkey_66> Basket: weak

[17:01] <bluemonkey_66> sup1 54.8

[17:01] <bluemonkey_66> sup2 54.28

[17:01] <bluemonkey_66> sup3 53.36

[17:01] <bluemonkey_66> res1 55.35

[17:01] <bluemonkey_66> res2 56.23

[17:01] <bluemonkey_66> res3 57.75

[17:01] <lk> short @57.75, target at 56.23, stop at 58

[17:01] <sroof> 57.75 buy 56.23 target 57.95 stop

[17:02] <CarolAnn> Only 1 plan though

[17:02] <Steven> wait for the trigger and short it there, place stop .20 and try to ride it to 56.23

[17:02] <market> short at 57.75, target 56.23, stop at 58

[17:02] <bluemonkey_66> there are 2 plans actually

[17:02] <CarolAnn> please help me with #2

[17:02] <newbie> short @ 57.75 target 56.23 stop 57.45. short @ 56.23 target @ 55.35 stop @ 56.43

[17:02] <sroof> 57.75 short 56.23 target 57.95 stop

[17:03] <bluemonkey_66> ok..plan # 2 is another trick question

[17:03] <bluemonkey_66> sorry

[17:03] <bluemonkey_66> the second plan is to do nothing if it continues to move up

[17:03] <bluemonkey_66> but that is a plan

[17:03] <CarolAnn> ok

[17:03] <market> go long

[17:03] <CarolAnn> yes, it is

[17:03] <bluemonkey_66> market, check the basket, it is weak

[17:03] <bluemonkey_66> we do not buy weak stocks

[17:04] <market> but it isn't weak

[17:04] <bluemonkey_66> but it is in terms of the call

[17:04] <market> break res3

[17:04] <bluemonkey_66> remember this chat tells you how to follow the calls

[17:04] <bluemonkey_66> the calls may not work all the time

[17:04] <bluemonkey_66> but it gives you a discipline

[17:04] <bluemonkey_66> and that is what is important

[17:04] <bluemonkey_66> we get structure

[17:05] <bluemonkey_66> and we are prepared with set plans

[17:05] <sroof> bm can we do 1 trend line

[17:05] <bluemonkey_66> this is what makes us successful

[17:05] <bluemonkey_66> sroof, not today, but we can another day

[17:05] <CarolAnn> if QLGC had broken res3, wouldn't you likely move it to strong?

[17:05] <bluemonkey_66> not necessarily

[17:05] <bluemonkey_66> maybe to neutral

[17:06] <CarolAnn> ic

[17:06] <bluemonkey_66> do you guys see the benefit of these calls?

[17:06] <sroof> ok i have been playing wiyh this 2 years and this .20 stop loos rule is the greatest thing i have learned

[17:06] <sroof> loss

[17:06] <bluemonkey_66> :-)

[17:06] <CarolAnn> I can believe that, and see why

[17:06] <market> Suggestion: can you separate the chart room with alart room ?

[17:07] <CarolAnn> (even though I've been stopped out the last 2 days)

[17:07] <bluemonkey_66> I was stopped 5 times in a row yesterda and I was only -1.15

[17:07] <sroof> me to carolann

[17:07] <bluemonkey_66> the next trade was +1.5

[17:07] <bluemonkey_66> covered all the losses with 1 gain

[17:07] <CarolAnn> yep!

[17:07] <bluemonkey_66> that's the name of the game

[17:07] <sroof> thanks bm cu all tomorrow

[17:07] <bluemonkey_66> market I don't understand

[17:07] <Steven> blue how do you off set the losses with gains in the wash rule

[17:08] <bluemonkey_66> are we talking taxes?

[17:08] <Steven> sort of

[17:08] <bluemonkey_66> taxes don't matter here...buying and selling etc...

[17:08] <market> sometime, we cannot follow you call in the chart room. So you open another window for alart only

[17:09] <bluemonkey_66> market...with the calls you don't need me to alert you

[17:09] <bluemonkey_66> that's the beauty of it

[17:09] <bluemonkey_66> If I am sitting on the john and a stock triggers you know it already

[17:09] <bluemonkey_66> because of the call

[17:09] <market> you sometime let it go

[17:09] <bluemonkey_66> it is always close to the .2 stop

[17:09] <bluemonkey_66> sometimes I allow a wiggle room though right

[17:10] <newbie> is there any way to load alerts into stockroom automatically?

[17:10] <bluemonkey_66> this will come to all of us with experience

[17:10] <bluemonkey_66> not yet newbie

[17:10] <bluemonkey_66> wait

[17:10] <bluemonkey_66> you can

[17:10] <bluemonkey_66> right click on the stock

[17:10] <bluemonkey_66> and set an alert

[17:11] <market> you set the alert, BM ?

[17:11] <bluemonkey_66> no you do

[17:11] <bluemonkey_66> after you get the call you can program it

[17:11] <newbie> do you use them personally?

[17:11] <bluemonkey_66> right click the symbol and choose new alerts

[17:11] <bluemonkey_66> no

[17:11] <CarolAnn> but you don't BM?

[17:11] <bluemonkey_66> I watch closely

[17:12] <bluemonkey_66> I have no need, I watch all day

[17:12] <bluemonkey_66> like you all really should too

[17:12] <CarolAnn> I have been drawing lines on the graph and watching the chart

[17:12] <bluemonkey_66> that can work too carol

[17:12] <bluemonkey_66> but you may have different numbers than I

[17:13] <CarolAnn> I use your numbers

[17:13] <bluemonkey_66> me too :-)

[17:13] <Steven> bm, i am not getting realtime quotes it ask that I contact support-where do I go to get support?

[17:13] <bluemonkey_66> steven, stockroom@stocktradersdaily.com

[17:13] <bluemonkey_66> e-mail them

[17:13] <Steven> ok

[17:13] <newbie> are the baskets available online or just thu email?

[17:13] <bluemonkey_66> I need to run

[17:13] <CarolAnn> they respond quickly

[17:13] <bluemonkey_66> e-mail newbie

[17:13] <market> thx

[17:13] <Steven> thanks

[17:13] <CarolAnn> Thanks so much BM...great lesson

[17:14] <bluemonkey_66> I hope you all got something from this

[17:14] <bluemonkey_66> see you tomorrow

[17:14] <newbie> thnx

[17:14] <CarolAnn> Bye!

[17:14] <market> bye


 
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