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

[16:02] <bluemonkey_67> ok...let me know when you guys are ready...
[16:02] <tayler> what is stop on imcl
[16:02] <bluemonkey_67> I will start the swing trade chat asap
[16:02] <CarolAnn> ready
[16:03] <MaryA> ready
[16:03] <i_invest> ready
[16:03] <ann> ready
[16:03] <Sailor1> ready
[16:03] <connie> me too
[16:03] <djhathome1> ready
[16:03] <connie> what a down day, so depressed
[16:03] <Mike-e> ready
[16:03] <robertooo> ready
[16:03] <bluemonkey_67> note, get a pen and paper...take notes and write down your questions....
[16:03] <i_invest> can we write it in notepad?
[16:03] <bluemonkey_67> I will ask for questions when I am done
[16:04] *** cronos has joined #stocktradersdaily
[16:04] <connie> when do we start blue
[16:05] <bluemonkey_66> First thing first, we are having this educational chat today because it has become terribly clear that some of you do not understand how to follow the swing trades. This chat is designed so all of you walk away with a crystal clear understanding of this.
[16:05] <bluemonkey_66> For the record, we should be -3 in our current focus 4 list from Friday (most all due to VRSN) and including todays action. If you are trading with 500 shares, that means -$1,500.
[16:05] <bluemonkey_66> If you are down by much more than that you need to listen to this chat intently.
[16:06] <bluemonkey_66> just so I get an understanding....how many are down more than 3 from Friday's entry?
[16:06] <jimbo> me
[16:06] <BuySell> me
[16:06] <CR> me
[16:06] <bird> I am
[16:07] <CarolAnn> probably down over 3 in VRSN, plus NVDA, and XLNX
[16:07] <connie> not me, cause i did skip some entry
[16:07] <bluemonkey_66> good, so this chat should be very worthwhile
[16:07] <LK> me too :(
[16:07] <djhathome1> me either I did not trade vrsn
[16:07] <bluemonkey_66> Let's define swing trades again: Swing Trades are trades that we intend on holding overnight. We usually set a time frame target on these trades. And we set an entry and a target price for them too. Most importantly though, we set a stop for every trade.
[16:07] <roko> me
[16:07] <Mike-e> I am down 2
[16:07] <bluemonkey_66> If your swing trades hits the stop price you stop no matter what. This requires that you pay attention.
[16:08] <bluemonkey_66> We limit buys to within .25 of our target entry prices unless otherwise specified, and we set stops at .25 under the target price unless otherwise specified, on every swing trade.
[16:08] <bluemonkey_66> Swing Trades assume a large amount of risk when we compare them to day trades. Day trades end in cash every day, so you start the day fresh every day. But in swing trades, we are exposed to events that may happen overnight, and this adds risk to the trades. We'll talk about this more later.
[16:08] <bluemonkey_66> The goal of a swing trade is to take advantage of the projected Market moves over time. Often we use contrarian trading strategies in swing trades because we look for shifts in the Market
[16:08] <bluemonkey_66> We don't pull the entry levels out of a hat. We only enter a swing trade near support or resistance levels. This is so we can appropriately set a stop loss in the trade. We never trade the stock in between of those defined support and resistance levels because we would not know where to set our stop limit if we did.
[16:09] <bluemonkey_66> If we are stopped in any swing trade, we are always willing re-enter the swing trade if it reverses to the trigger.
[16:09] <bluemonkey_66> We issue swing trades in lots of 4. This is called our Focus 4 list. We always issues 4 swing calls because of diversity reasons. We never put all our eggs in 1 basket, and we never overweight any 1 stock in the 4 stocks that we choose.
[16:09] <bluemonkey_66> We trade the same number of shares of every stock in the focus 4 list. The $$$ amount does not matter, the # of trades is all that we care about. If you trade 500 shares in 1 position, trade 500 shares in all 4 of them.
[16:10] <yos> But stop order in Realtick for example does not stay over night?
[16:10] <Mike-e> This is where I did not follow
[16:10] <bluemonkey_66> We prefer to enter the swings as close together as we can, and we try to exit the swings as close together as we can. We also either have all 4 stocks long or all 4 stocks short, there is never a mix of long and short.
[16:10] <bluemonkey_66> We set a plan for every swing trade in our focus list. The plan is exactly like the plans you make for day trades. You follow each plan strictly, and you don't think about changing the plans.
[16:10] <bluemonkey_66> Remember, if you have set plans, you take the emotions out of the trades. This is very important. You will panic if you don't have a plan. You will exit incorrectly, or you will miss your stops, and you will lose money.
[16:11] <bluemonkey_66> The only time you change theplans are when you implement a profit stop, or when the stock gaps against you when the Market opens.
[16:11] *** mikel has joined #stocktradersdaily
[16:11] <bluemonkey_66> If the stock gaps against you you will need to make appropriate adjustments. There is nothing set in stone about this. We will always guide you on these adjustments.
[16:11] <bluemonkey_66> These are the basics behind following the swing trades. I know you all have questions
[16:11] <bluemonkey_66> please ask them
[16:12] <mikel> may I?
[16:12] <wonder> why not short andlong balanced 2 & 2
[16:12] <wz> I cannot place a stop price properly. 1. $0.20 for day trade always/ and follow the price up? 2. how does the stop price follow a moved up price?$0.20,0.25,0.5?
[16:12] <bollocks> what happens when the stop does not implement
[16:12] <bluemonkey_66> because we do not want to confuse the objective of taking advatage of mkt conditions
[16:12] <mikel> The mkt is headed down and we are not re-evaluating our long swings....
[16:12] <BuySell> Ok, tell me exactly how to set a stop. Explain the activation price and the purchase or sell price.
[16:13] <djhathome1> .25 stop trigger on $27 stock as well as $45 dollar stock - wouldn't % be better or did I misunderstand
[16:13] <yos> The best software like realtick does not have stop loss that stay over night
[16:13] <bluemonkey_66> if a stop loss does not trigger because the stock gaps against you, you need to evaluate the situtation, every situation is different, and you need to make the appropriate decisions.
[16:14] <bluemonkey_66> I will also help you with that as i did today with VRSN
[16:14] <bluemonkey_66> but there is no avoiding that risk
[16:14] <bollocks> so eg vrsn cut your losses
[16:14] <bluemonkey_66> yes re VRSN...
[16:14] <bluemonkey_66> draw the line and say no more than $x
[16:14] <bollocks> and then just reenter as usual
[16:15] <LenK> BM, if one of the four gets stopped out, do we keep the other three in the long position?
[16:15] <yos> BM you did not answer my Q
[16:15] <bluemonkey_66> no, use a revised plan...
[16:15] <BuySell> So BM, if our stop is at 40.75 do we make the activation 40.75 and the sale price 40.74 or what?
[16:15] <bluemonkey_66> yes re 1 being stopped
[16:15] <bollocks> whichy you advise
[16:15] <trader8> If the market is in a range, then why not mix one long with three shorts and vice versa or 2 and 2. This is just a good hedging technique for market uncertainty
[16:15] <bluemonkey_66> 40.75 is the level that provides you the guidance
[16:15] <djhathome1> not clear
[16:15] <bluemonkey_66> you need to make that decision re pulling the trigger
[16:16] <djhathome1> is that becuase we got it at different prices
[16:16] <bluemonkey_66> keep the stopsnear .25 away from the trigger
[16:16] <bluemonkey_66> not much more
[16:16] <bluemonkey_66> bollocks, if a stock gaps against you you need to use a revsised plan
[16:16] <wz> I bought XLNX at 40.12, then it moved higher, do I place stop to follow the up moving price by 0.25 or 0.50/
[16:17] <bluemonkey_66> the old plan is shot
[16:17] <bluemonkey_66> trader 8, if you are hedging the mkt the long and short combinations are fine
[16:17] <bluemonkey_66> but the goal of the focus 4 is not a hedge
[16:17] <bluemonkey_66> it is to take advantage of mkt moves
[16:17] <trader8> but wouldn't do it when it is stuck in a range?
[16:17] <bluemonkey_66> per my perception
[16:18] <wz> bm, do you see my question?
[16:18] <bluemonkey_66> not necessarily no, unless I though we'd stay stuck for a long time
[16:19] <bluemonkey_66> xlnx, we never adjust the stop unless we implement a profit stop and we never will implement a profit stop unless the stock moves past a support or resistance level
[16:19] <bluemonkey_66> our styops and profit stops are always cenetered around support and resistance levels.
[16:20] <bluemonkey_66> yos, re software...
[16:20] <bluemonkey_66> you need to do whatever you have to do to keep up with the trades
[16:20] <djhathome1> my question is isn't .25 on a $45 stock really tight for a stop versus a $24 stock - I tend to mentally adjust the stop for the price of the stock - maybe not a good habit- but I can't sell that tight
[16:20] <bluemonkey_66> understand that we never trade in pre mkt or the after mkt so
[16:20] <bluemonkey_66> you have time to figure it out
[16:20] <yos> which soft ware has stop order that stay over night?
[16:21] <bluemonkey_66> dj, .25 is the same for 500 shares of a 45 stock as it is in a 25 stock
[16:21] <bluemonkey_66> in $$$ terms
[16:21] <djhathome1> good point
[16:21] <CarolAnn> the stop may "stay" overnight, but won't trigger unless market is "open"
[16:21] <greg> bm, could you explain us step by step what we sould off done when we bought VRSN around 29 and market opend well bellow stop.
[16:21] <wz> so xlnx moved up to 41.27 today, what stop did you place? 40.99?
[16:21] <djhathome1> you gotta get out of bed and sell like I did at 5 am this morning
[16:21] <bluemonkey_66> greg, what we did is only what we could have done
[16:21] *** i_invest1 has joined #stocktradersdaily
[16:21] <bluemonkey_66> we had no choice
[16:22] <bluemonkey_66> we were forced to take the loss
[16:22] <bluemonkey_66> xz, there were no stops placed in xlnx, it was and is when it re-triggers, a 5-day hold or longer
[16:22] <bluemonkey_66> as descibed in the trading call.
[16:22] <bluemonkey_66> does everyone know how to read the trading call?
[16:22] <wz> so always 39.75?
[16:23] <i_invest1> bm, I think one reason, I and other people may lose money is because we use the market predicition to guide other trades
[16:23] <bluemonkey_66> no, the stop is always .25 under the trigger unlessotherwise advised
[16:23] <i_invest1> the swing calls are good, and what you said makes sense
[16:23] <i_invest1> and understood
[16:23] <ulala> agree invest1
[16:24] <bluemonkey_66> yes maybe so
[16:24] <jimbo> I also buy few others too
[16:24] <bluemonkey_66> swing trades are very different than day trades are
[16:24] <bluemonkey_66> they are different anuimals
[16:24] <bluemonkey_66> animals
[16:24] <bluemonkey_66> completely
[16:24] <bluemonkey_66> night and day
[16:24] <ulala> invest1, I think it is exactly what you said
[16:24] <bluemonkey_66> you need to go with the flow in day trades
[16:24] <bluemonkey_66> and we can be contrarian in swing trades
[16:24] <bluemonkey_66> you need to think about them seperately
[16:25] <bluemonkey_66> if you combine them you will fail
[16:25] <bluemonkey_66> this means that you need a seperate swing trading account
[16:25] <ulala> I love BM'swing trade perfectly
[16:25] <bluemonkey_66> seperate the $$$$
[16:25] <i_invest1> bm, I think if you can spend as much energy on sup/res in market analysis as in individual stocks, we can do better
[16:25] <wz> in your guide lessen: profit stop should be used when a trade is profit by at least $0.
[16:25] <wz> 50
[16:26] <bluemonkey_66> guide, that is for day trades, not for swing trades
[16:26] <bluemonkey_66> the profit stop section reflects day trades
[16:26] <wz> ok. got it
[16:26] *** rmpeach has joined #stocktradersdaily
[16:26] <bluemonkey_66> lets step back...
[16:26] <i_invest1> ok
[16:26] <bluemonkey_66> what happened today????? Answer....we were on the wrong side....
[16:27] <bluemonkey_66> this is part of the business though
[16:27] <yos> again I want to tell me which software that give you stop order to stay over night. otherwise all this chat is not evective?
[16:27] <bluemonkey_66> and we need to accept days like this
[16:27] <bluemonkey_66> halt...to answer yos...
[16:27] <bluemonkey_66> yos, all you need to do is to place a good until canceled order to stop
[16:27] <bluemonkey_66> but
[16:27] <bluemonkey_66> you don't sound like you know how to do that
[16:28] <bluemonkey_66> so you need to call your broker and ask them
[16:28] <bluemonkey_66> do so now
[16:28] <bluemonkey_66> please
[16:28] <bluemonkey_66> this is a basic function of trading yos
[16:28] <bluemonkey_66> re the right side wrong side...
[16:28] <BuySell> BM, you never did tell me the exact method to place a stop. like activation price and actual sale price, how much difference.
[16:28] <wz> so, for swing, after buy, do not move stop, right? untill reach target? or pass by Res/
[16:28] <wz> ?
[16:29] <i_invest1> please let bm finish
[16:29] <yos> in the best soft ware like realtick which I use there is no Good until cancel?
[16:29] <bluemonkey_66> right wz...unless otherwise advised.
[16:29] <bird> whats confusing with the swings is that if target is 5 and current price is 2 and even though entry price is 1, isn't ok to buy @2 ... especially when you said to reenter if stopped?
[16:29] <trader8> Swing trades need to be generated off the daily and weekly charts only. They need to be in allignment with both the index and the futures? Is that right?
[16:29] <bluemonkey_66> buysell, if you have a stock triggered at 40, and it moves to 39.75, you stop...
[16:30] <bluemonkey_66> bird, absolutely not!!!!!!!!!!
[16:30] <wz> so, I think you should give us SUP/RES for swing
[16:30] <CarolAnn> Blue, many here, including me, are placing "hard" stops, not mental ones
[16:30] <bluemonkey_66> we buy at a target price because that price is near support or resistance
[16:31] <BuySell> Ok, here is another question. If the Entry is near 41 and we get stopped at 40.75, where is the re-entry? 41? and the same stop price?
[16:31] <bluemonkey_66> hard stops in swings is probably fine...do it at 39.75, .25 under, if your entry was 40
[16:31] *** Ken-is-away is now known as Ken
[16:31] <bluemonkey_66> right buysell
[16:31] <bluemonkey_66> swings are based on 3-month charts or longer
[16:31] <bluemonkey_66> not 5 day or 10 days charts
[16:31] <wz> I mean after buy and price moving up, We should know the nest RES
[16:32] <trader8> daily not intraday
[16:32] <wz> you should place that
[16:32] <bluemonkey_66> wz, when I give you the target it reflects resistance
[16:32] <i_invest1> bm ....
[16:32] <bluemonkey_66> I'm not understanding your question trader8...
[16:32] <i_invest1> wz wants multiple possible entry points
[16:33] <bluemonkey_66> invest, you only get one...
[16:33] <bluemonkey_66> xz, only one
[16:33] <miked> wz also wants traiing stops
[16:33] *** ramrod has joined #stocktradersdaily
[16:33] <bluemonkey_66> I will never recommend that you chase
[16:33] <bluemonkey_66> ever
[16:33] <wz> as xlnx target is 47, beteen 40 and 47, we do not move stop?
[16:33] <miked> trailing stops
[16:33] <bluemonkey_66> but if you want to trail them with stops, go for it
[16:33] <bluemonkey_66> that is fine
[16:33] <bluemonkey_66> not unless a resistance or support levels forms between 40-47
[16:34] <i_invest1> bm.. I got a question ... re being on wrong side
[16:34] <bluemonkey_66> note, I like to use channel support lines
[16:34] <miked> But then if he gets stopped out somewhere btw entry and target, he won'tknow where to get back in.
[16:34] <djhathome1> like bollinger bands?
[16:34] <bluemonkey_66> right miked
[16:34] <wz> as you do, you do not place a stop beteen 40 and 47, right?
[16:35] <i_invest1> do we have hard rules (same as we have with stocks sup/res) when it comes to the market as a whole?
[16:35] <bluemonkey_66> the mkt is a different anumal than individual stocks...
[16:35] <bluemonkey_66> so not as firm no...but generally yes
[16:36] <bluemonkey_66> right wz
[16:36] <bluemonkey_66> unless otherwise advised...
[16:36] *** CA2 has joined #stocktradersdaily
[16:36] *** i_invest has joined #stocktradersdaily
[16:36] <bluemonkey_66> note: I rarely hold the stocks to their targets
[16:36] <bluemonkey_66> it is not normal to do so
[16:36] <bluemonkey_66> because I like locking in gains
[16:36] <i_invest> damn, sry bm, I missed your response :(
[16:36] <i_invest> I got kicked out
[16:36] <wz> good. I got it.
[16:37] <bluemonkey_66> a whole?
[16:37] <bluemonkey_66> <bluemonkey_66> the mkt is a different animal than individual stocks...
[16:37] <bluemonkey_66> <bluemonkey_66> so not as firm no...but generally yes
[16:37] <miked> If we had sup/res waypoints btw entry and tgt we could get trail stopped and get back in higher than entry.
[16:37] <bluemonkey_66> miked, I give you a chart now in the focus 4 section
[16:37] <bluemonkey_66> every night
[16:37] <bluemonkey_66> the chart is designed to show you what I see
[16:37] <miked> It would be more complicated, but would you consider that?
[16:37] <bluemonkey_66> have you looked at them?
[16:37] <miked> I look at them every night.
[16:37] <wz> so, by the market closing, xlnx was stop out for eveyone?
[16:38] <trader8> Correct me if I'm wrong but don't we want to be on the right side of the naz and the futs?
[16:38] <bluemonkey_66> so the lines there represent the levels that you are looking for
[16:38] <bluemonkey_66> right wz
[16:38] <miked> I have taken profits in swings and reentered.
[16:38] <bluemonkey_66> trader8, we want to make money, that's the goal :-)...
[16:38] <bluemonkey_66> but
[16:38] <bluemonkey_66> I prefer being contrarian to the mkt in swings
[16:39] <miked> And I've made some costly errors.
[16:39] <bluemonkey_66> because I like finding turning pointsin the mkt to implement swings
[16:39] <bluemonkey_66> right side today may be the wrong side tomorrow
[16:39] *** connie has joined #stocktradersdaily
[16:39] <wz> tomorrow, we will enter again if it reach 40or high?
[16:39] <wz> xlnx.
[16:39] <bluemonkey_66> and swings are designed for tomorrow not today
[16:39] <bluemonkey_66> day trades though require going with the flow
[16:39] <i_invest> how d o you determine "turning points"?
[16:39] <bluemonkey_66> wz, it will be triggered at 40 yes
[16:40] <bluemonkey_66> turning points, it is a combination of news, sentiment, sup/res levels in the mkt....
[16:40] <bluemonkey_66> economy, yada yada
[16:40] <trader8> The reason I asked is that the 200 sma on the naz was run at over the previous two day and could not be broached. A doji was put in yesterday after the second attempt failed. Is this a turning point?
[16:40] <bluemonkey_66> it all has a role in the equation
[16:40] <djhathome1> can you explain "neutral" calls
[16:41] <bluemonkey_66> it has been thus far yes...re turning from yesterday
[16:41] <bluemonkey_66> not in this chat no dj, ask alexs in the new trader chat tomorrow
[16:41] <trader8> and the day before
[16:41] <djhathome1> ok
[16:41] <i_invest> I agree with trader8, so why didn't we adjust our swings
[16:42] <bluemonkey_66> I didn't feel it was right
[16:42] <Mike-e> BM, what about trading in after hours ? If something looks bad or a stock moves in a way that you want to exit
[16:42] <bluemonkey_66> I don't trust any after hours trading at all...
[16:42] <connie> sorry if this question has been asked. i've been gone for a while. in the case we wake up and find our swing opens ways lower than stop limit and did not get excuted. do we sell right away, like in vrsn today
[16:42] <wz> new trader chat begins at 7:30am?
[16:43] <bluemonkey_66> connie, we need to make revisions and evaluate each situation independently
[16:43] <bluemonkey_66> I will guide you as I did with vrsn today
[16:43] <bluemonkey_66> yes re new trader chat\
[16:43] <bluemonkey_66> Pacific Time
[16:44] <bluemonkey_66> let me know what errors some of you made that created the >3 point loss....
[16:44] <connie> but i did not catch it when you guided us. and by the time i turned on the computer, i can not see your messages
[16:44] <bluemonkey_66> it was sent in the e-mail too connie
[16:45] <i_invest> bm, how much does the Nasdaq T/A affect the swing calls?
[16:45] <LenK> i am not getting e mail alertys
[16:45] <connie> really.
[16:45] <bluemonkey_66> please check your e-mail addressin the admin area
[16:45] *** joestock has joined #stocktradersdaily
[16:45] <bluemonkey_66> invest, everything plays a role
[16:46] <bluemonkey_66> I am not bias to anything
[16:46] <bluemonkey_66> this is really what I do...
[16:46] <bluemonkey_66> here is as much of insight to my analysis as i can give you
[16:47] <bluemonkey_66> I think about what is going to be important to the mkt going forward
[16:47] <bluemonkey_66> near term
[16:47] <bluemonkey_66> and I look at charts, new etc...
[16:47] <bluemonkey_66> I formulate an opinion based on what I find
[16:47] <bluemonkey_66> and I make decisions based on that opinion
[16:47] <bluemonkey_66> if I am wrong, the stops will tell me
[16:47] <bluemonkey_66> the idea is to be right more than we are wrong of course
[16:48] <bluemonkey_66> but if we are wrong
[16:48] <bluemonkey_66> so what
[16:48] <bluemonkey_66> it is part of the business
[16:48] <ulala> agre BM
[16:48] <i_invest> I agree too
[16:48] <djhathome1> and the tight stops keep losses small
[16:49] <bluemonkey_66> remember this guys...
[16:49] <bluemonkey_66> our last swing was +16.1
[16:49] <bluemonkey_66> this one so far is -3
[16:49] <connie> when i put stop loss on a stock , i can not sell that stock when rotts say scalp it. i would have to cancel the stop loss first then sell. by that time the selling price has changed. usually down . what do i do in this case
[16:49] <i_invest> I was just concerned that we are fighting the market
[16:49] <bluemonkey_66> we are not hurting at all
[16:49] <bluemonkey_66> connie we are not taking about day trades here sorry
[16:49] <ulala> no, I never complaint with your swings at all BM
[16:50] <bluemonkey_66> I like contrarian swing trades invest
[16:50] <i_invest> and part of it is because we were so right about the last swing, we maybe too confident about current "read" on market
[16:50] <bluemonkey_66> I think swings need to be contrarian in fact
[16:50] <bluemonkey_66> maybe true yes
[16:50] <LenK> when do you update the "notes" in the swing call table during the day?
[16:50] <bluemonkey_66> no, when I make the call lenk
[16:51] <bluemonkey_66> I know many of you seemed anxious and worried
[16:51] <bluemonkey_66> but we make the planbs for these trades so it doesn't matter
[16:51] <bluemonkey_66> if you are worried, exit the trades
[16:51] <bluemonkey_66> but always remember that you have a plan
[16:51] <bluemonkey_66> and the plan is designed to be followed
[16:52] <bluemonkey_66> if we are wrong, our plan will take us out with little harm
[16:52] <bluemonkey_66> but if we are right the plans will let us participate quite nicely
[16:52] <bluemonkey_66> keep your heads up guys...this wasn't that bad
[16:52] <bluemonkey_66> we just need to grasp those emotional ties :-)
[16:53] <bluemonkey_66> and it's tough
[16:53] <ulala> I think to patien and follow your swing call's plan should pay for my living BM
[16:53] <bluemonkey_66> lol...
[16:53] <i_invest> my bad bm, I was bullish per our market call, and didn't exit on time, that and vrsn is what hurt me
[16:53] <bluemonkey_66> Are there any remaining questions???
[16:54] <bluemonkey_66> invest, I was and am bullish through the end of March
[16:54] <bluemonkey_66> today has not changed that
[16:54] <ulala> i think yours are clear for
[16:54] <i_invest> cool
[16:54] <bluemonkey_66> but...
[16:54] <bluemonkey_66> if I'm wrong my stops are set to protect us...
[16:55] <i_invest> but, just to be sure, you are considering everything, including technicals, right?
[16:55] <bluemonkey_66> everything yes
[16:55] <i_invest> thats all I want to know
[16:55] <bluemonkey_66> I hope this helped some of you...
[16:55] <bluemonkey_66> I know down days are a drag
[16:55] <bluemonkey_66> if we're not short
[16:56] <bluemonkey_66> but we will be wrong from time to time
[16:56] <bluemonkey_66> but we won't be hurt that much
[16:56] <ulala> that is true BM
[16:56] <bluemonkey_66> take the lumps and live to fight another day
[16:56] <bluemonkey_66> Good luck manana
[16:56] <bluemonkey_66> I'll see you all early
[16:56] <ulala> life is still long of days
[16:57] <ulala> thanks BM
[16:57] <i_invest> later, ty
[16:57] <yos> BM I still have NVDA, VRSN and Xlnx what do think tomorrow
[16:57] <ulala> good bye guys
[16:57] <bluemonkey_66> I think you need to have had a plan for these
[16:57] <bluemonkey_66> do you have one?
[16:57] <ann> are you not bullish after march?
[16:58] <yos> Yes but I am not sure about NVDA are you
[16:59] <ann> BM?
[16:59] <miked> BM, re NVDA do you think holding it for a week or two is better than taking a 5 pt loss now?
[16:59] <ann> r u not bullish after march?
[16:59] <bluemonkey_66> 5 pt loss...excuse my french, but that's a shitty trade
[17:00] <miked> That it is.
[17:00] <bluemonkey_66> we lost all of .5 in nvda
[17:00] <bluemonkey_66> because we used stops
[17:00] <bluemonkey_66> take it as a lesson
[17:00] <bluemonkey_66> you may lose more easily
[17:00] <miked> Well, I tried to make the most of short term increases and ended up chasing it to get in.
[17:01] <miked> back in.
[17:01] <miked> Then by the time I tuned in this a.m. it was down enough to make me freeze like a deer in the headlights.
[17:02] <bluemonkey_66> miked, as always and for everyone in your situation I advise taking your losses
[17:02] <bluemonkey_66> and never ever do that again
[17:02] <bluemonkey_66> if you miss a recocvery, so what
[17:02] <miked> thx
[17:02] <bluemonkey_66> you messed up
[17:02] <bluemonkey_66> learn a lesson
[17:02] <bluemonkey_66> and follow the plans from now on
[17:02] <bluemonkey_66> period
[17:03] <miked> I know. It's a discipline and attentiveness problem.
[17:04] <miked> So what do you think the prognosis is. For NVDA?
[17:04] <bluemonkey_67> the first step to recovery is to admit you have a problem, lol
[17:04] <bluemonkey_67> I doesn't really matter what I think
[17:04] <miked> Is there a 12 step program for us?
[17:04] <bluemonkey_67> but I do think that the next sup appears at 24
[17:05] <bluemonkey_67> have a good one...bye
[17:05] <miked> okay. thx again.