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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