Stock Market

O-Ace · 26 March 2004

I watch multiple time-frames so I can trade the shorter ones in the direction of the longer time-frames. For example, if 5-minute is trending up, enter on 3-min reversal to long-side. Easier said than done though.

-awais

Ryanmcd2 · 26 March 2004

I use 2min only

Jinkers said:
A question for all ES traders...if you use the shorter timeframe (1-5 minutes), whats your rational over using a 10-15? Just to get a discussion going... seems like my 2 minute charts work out better some days (more consistent signals, less gains), 10 minute charts (less consistent signals, greater upside potential) other days, just wondering what you all do

NemesisX · 26 March 2004

Jinkers said:
A question for all ES traders...if you use the shorter timeframe (1-5 minutes), whats your rational over using a 10-15? Just to get a discussion going... seems like my 2 minute charts work out better some days (more consistent signals, less gains), 10 minute charts (less consistent signals, greater upside potential) other days, just wondering what you all do

Like O-Ace I use multiple timeframes and can be in from a few minutes to a few days to a few weeks.

steveny · 29 March 2004

Not even sure what just happened with DISH but I made about 5k from it.

Edit..did the math 6k shares 32.80 out around 33.40. so just under 4k. Look at the the chart what a spike.

Ryanmcd2 · 29 March 2004

Sweet! Take the money and run, who cares what happened. lol I lost 1 so for doing nothing on this short @ 1121.00 it's just shitting around, I HATE these moves, could blast off to the upside or crap out tight range = noone knows

steveny said:
Not even sure what just happened with DISH but I made about 5k from it.

Edit..did the math 6k shares 32.80 out around 33.40. so just under 4k. Look at the the chart what a spike.

Ryanmcd2 · 29 March 2004

I would of been long @ 9:30 but I was running late, I think being late costs me at LEAST 100k a year lolrof. 9:30 - 10:15 = whippy 45

Had to watch out for that John Holmes bar @ 10:00

steveny · 29 March 2004

back in at 32.78

Ryanmcd2 · 29 March 2004

I knew this selloff was coming just had to wait, I hope we sell off the rest of the day and finish up in the neg.

Ryanmcd2 · 29 March 2004

I would run from Dish it broke it's support.

steveny said:
back in at 32.78

steveny · 30 March 2004

steveny said:
back in at 32.78

Doubled up at 32.68 dumped it all at the bell at 32.65, oh well tomorrows another day.

NSX-Stalker · 30 March 2004

Hi Steveny,

I think I understand why you bought DISH the first time but I'm curious as to what event/trigger made you buy the second time.

If you don't mind explaining I would appreciate it (I'm new and trying to learn).

Thanks

NSX-Stalker

steveny · 30 March 2004

NSX-Stalker said:
Hi Steveny,

I think I understand why you bought DISH the first time but I'm curious as to what event/trigger made you buy the second time.

If you don't mind explaining I would appreciate it (I'm new and trying to learn).

Thanks

NSX-Stalker

Because I only bought 1/2 as much the first time leaving myself open to double down if it fell back 10 cents. That was my plan before I even made the first buy.
Playing dish again today.

steveny · 30 March 2004

steveny said:
Because I only bought 1/2 as much the first time leaving myself open to double down if it fell back 10 cents. That was my plan before I even made the first buy.
Playing dish again today.

3K from 32.45 out at 32.60 +450 for today. It is beautiful here today so I am going to quit for the day and go have a nice lunch outside.

O-Ace · 31 March 2004

Steve, don't know if you read Stocks, Futures & Options magazine, but if you do...check out page 35 of the April issue. You'll see a little snippet of my interview regarding the new eCBOT system

-Awais

steveny · 31 March 2004

Ace I will have to check that out.
Dish did it again today. 4K from 32.25 to 32.75. THIS HAS BEEN A GOOD WEEK!!!

O-Ace · 31 March 2004

Cool. I'm seriously thinking about opening a stock trading acct. After trading futures, stocks seem a little easier to trade.

-Awais

steveny · 31 March 2004

short 4k dish at 32.95 covered at 32.80

Ryanmcd2 · 31 March 2004

short VERY HEAVY at 1128 - 1129.

End of the month baby, short a total of 70 ES

steveny · 31 March 2004

Looks like a lot of short covering brought us here and new short postions will take us back by the end of the day.
No real reason for the run up.

O-Ace · 31 March 2004

Ryanmcd2 said:
short VERY HEAVY at 1128 - 1129. End of the month baby, short a total of 70 ES

I see you're stepping it up a bit

-Awais

Ryanmcd2 · 31 March 2004

Out and flat 1124.25

O-Ace said:
I see you're stepping it up a bit

-Awais

O-Ace · 31 March 2004

Ryanmcd2 said:
Out and flat 1124.25

Around $14K profit...not bad. Gotta love the ES

-Awais

steveny · 31 March 2004

If it went the other way you have been pi$$ed I bet. I took in ~2.5k today not to bad 14K would be even better. Anything in the green id good with me.

Ryanmcd2 · 31 March 2004

Yep I would have been pissed but shit happens ya know. If I make 3-5k a day I would of had my losses back by then end of the week. That is the most I have ever traded and I was just screwing around, went 20 short @ 1028 and 50 more short @ 1029. I don't do this often and in fact this is the 1st time I went over 20 on anything. same thing as 20 just more taxes to go along with it. Oh BTW make sure you pay your taxes right I got a bill for 147k for the IRS and I messed up on my 01 taxes lol

ahh the joys of trading.

steveny said:
If it went the other way you have been pi$$ed I bet. I took in ~2.5k today not to bad 14K would be even better. Anything in the green id good with me.

Jinkers · 31 March 2004

Just checking in...we know what Ryanmcd2 does in a day, but how many points do all of you average in a day in the ES? 1-2? 3-5? over 5?

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