brownsfan019

vae - is there a quick and easy way to look people up on ps?

I've been having some fun lately on pokerstars. Nothing for real money (yet) but it has been fun playing online. I've always enjoyed poker and would love to get more serious about it some day. Anyone know of any good poker blogs or websites to frequent? There was one blog I was reading but deleted the link by accident. This guy quit his job and moved to Vegas to play poker professionally and had a detailed blog. Maybe someone out there knows what I am talking about and can give me the link. And any other good sites, esp blogs, post them here. Now that my feeddemon is setup, I can quickly peruse these sites. Has anyone here played professionally in any capacity? I'd love to play at the World Series of Poker just to say I did it. I know the odds suck, but you just never know. With a little lady luck, you can make some cash. How about poker books or dvd's? I feel like a trader newbie asking these basic questions, but maybe those more experienced can chime in. If nothing else, finding a good poker forum or two would be nice as well. Thanks for the help guys. PS I don't know if there's a way for us to play on pokerstars as a group, but if there is, I am in. I don't know enough about the software yet to see if this is possible or not. I don't know if you can make private games, have 'buddy' lists, etc.

You remember that OAC do you? Honestly, nope. I did what I was taught - sell managed money and let the managers worry about the rest. My job was to sell. And I did. It was a different life for me back then...

That's my issue with holding overnights OAC too. For whatever reasons, overnight 'exposure' rattles my system. Probably b/c I haven't held overnight in so long!

That's a good idea Tom if the it fits your style of trading. For some, myself included, trying to get too 'fancy' on the exits only causes more harm than good. Again, depending on how you trade, a multi-bracket may not work well. As with anything else, the end user needs to do testing on any strategy before putting into real trading.

It's a good point Reav and one that could easily be done by these existing vendors. There seems to always be some shortcoming in simulator trading. I guess the answer is that most probably would rather learn on the software they are going to use in real-time vs. some simulator software and then switch over to something else. So it's really a matter of why have some vendors done so little to their simulators?

Here's the one I was talking about: I have no clue what DPDW is or does. Don't care. I'm guessing there was some news or something to drive up the volume and interest in this stock. From the initial buy, you are in the area of a 100% return in 10 days or so from the initial entry. 10 days, 100% return. Sounds good to me. Again, I just saw this after the fact, so take it for what it's worth. I find this stock while checking out Sykes blog. Not an endorsement for anything Sykes is selling, I just checked out his blog and this one caught my eye.

Why - you bring up some valid points and if it can be done with regular profitability, then it looks good on paper. I've never touched pennies (under 1 dollar) so I can't speak on behalf of this type of strategy. Odds are it can work if you find enough volume and a system that can do it.

Tin, Thanks for sharing. If we assume that Stock A and Stock B move the same in terms of %'s then it makes sense that it's irrelevant which one you play. Here's the next question then - can we assume that a stock at $1.00/sh will move the same as one at $100.00/sh? B/c that's the assumption made in the article. Now, in terms of dollar moves, the $100/sh will in fact move more usually; however, the $1/sh can literally double in front of your eyes. The odds of the $100/sh doubling anytime soon is much less. So, that's what I am seeing or thinking here. To assume these stocks move identical is a mistake in my opinion. Not saying that is good or bad for either argument, but I think there's some potential issues there. Example - the $1/sh goes to $2/sh over a few days or weeks. The $100/sh goes to $125/sh in the same time period. Now the returns are 100% for Stock A and 25% for Stock B. Which play now looks attractive? Again, just opening up the discussion here, not saying $1/sh stocks are good by any means. I have one that I found (in hindsight) that I will get a chart up to illustrate my point here.

Tin, We'll see how this works out. Right now, we are getting a nice bullish engulfing but it's still early. My daytrading side says get out or at least move the stop to a more protective level.... the swing trading side says just look at the daily, right? Time will tell.

As MC said, the trade from the chart feature is nice with OEC. I don't use it much myself, but it is a nice feature.

Janice, I know you are on hiatus, but if you have time, check out my post here - http://www.traderslaboratory.com/forums/f18/please-be-careful-on-the-internet-2651.html#post21900 While this is a serious matter for me and my family, I'm sure there's a good story or two for you to share with us. I'm guessing there's something to be learned and I could use your help in finding it.

I wanted to discuss in this thread the pros/cons of some swing trading of 'low priced stocks' otherwise known as penny stocks. Now, by definition, penny stocks are those under $5. I'm not talking about the ones trading for .0000001 penny. Reason for the thread is that for simple minds like me, just outright purchasing a stock is easy. Option plays just add another element of analysis that needs done. So, if we talk about stocks say $1 - $10 / share, there's really no need for options. I suppose you could, but with lower priced stocks, the cost factor is minimal. Of course there's some disadvantages to 'cheap' stocks, but I'm not looking to marry these things. These are not going to be in my retirement accounts. For lack of a better way to describe, these are more 'wham bam thank you mam'. Get in, get out and move on. The catch for me is that I haven't done much with stocks, let alone our 'cheapies' so I thought we could discuss the good, bad and ugly of them. I suppose if your analysis is solid, does it really matter if the share price is $1 or $100? Well, let's see if there's any interest or ideas about trading the 'cheapies'. From a swing trading perspective, there are some possible plays out there and just wondering what some here think about them.

Tin, Are you in a panera play? Down .20 cents today. Down 1.11 since we discussed it. Looking for this to test the 46 area.

What you've asked for is my definition of the grail. If you can know going into the day of trending vs. chop day, you will be a multi-millionaire in a very, very short period of time. My point is (in case the humor was lost) is that there's many different ways to try to diagnose what type of day is in front of you, but they all have their faults. In my time on boards and trading, I have only seen one person provide anything of substance in this regard but it requires an immense amount of research and data collection, and then analysis. This amount of work would turn most people off. The person I refer to, and sometimes posts here is NihabaAshi. Look up his posts here and elitetrader and you'll get a sense of the amount of work required to come close to having an idea of where the day might go.

Welcome back james! As for blogging, one of the more popular softwares to use is wordpress. From there you can learn how to host the blog yourself or create a free one over here. Blogger also seems like a popular one. I've been debating about the whole blog thing as well, so let me know how it goes and what service you end up going with.

Good points Reaver. There's a fine line between operating a forum and making money at it b/c the two are in direct conflict at times. We've discussed this many months (maybe years) ago when TL first got going. At that time the concern was not that big since TL was still growing. Well, the time has come where vendors selling stuff want into TL and will do whatever it takes to get in.

As some of us have seen over at elitetrader, there's a few out there that love to 'lurk' here and then use our posts as reasons to start threads/posts about us. And to be honest, I am tired of it. There's a handful of us here that really care and try to provide quality content and provide a community not found elsewhere. And as TL has grown, so to has the desire for vendors that want to prey on newbies to post here or elsewhere simply for the sake of trying to drum up business. Of course, those of us that trade for a living understand that if you could actually trade, the last thing you would do is spam forums with some 'educational' product. And it's to the point now, where James (founder of TL) is being called into question as well. To me, that's just not right. James has created something not found elsewhere and I think it's time to protect that. The bottom line is that I think it's time for the lurking at TL to end. I understand that there's some out there that just lurk and keep to themselves, but to be honest, what value is that providing to anyone else? In order for the community to continue, there needs to be a constant sharing of knowledge and ideas. And the fact is, lurkers contribute nothing to that. I don't know what the exact solution is to eliminate this lurking as we all know it's easy to create a screen name. At one point we had a premium area or something like that. Well, it may be time to revisit that James and implement something that encompasses more of the forum. In the end, please understand that my view here is simple - first, for James to be attacked is completely unprofessional and shows what type of person(s) lurk here - those that hunt for anything to use against James or members here for the sake of spamming their product... Believe it or not, there are person(s) that will stoop to that level to try to promote their product. Second, for those of us that contribute some substance here, I'm not concerned if lurkers can read it or not. If you are not going to provide something to the forum, then why should we provide you anything? Sorry if that's too blunt, but it is what it is. James, I know you may not want this here, but I would ask for you to see where this discussion goes. As I said, when you were called out a number of times after all you've done here, I thought to myself that enough is enough. There's no reason for some vendor to try to paint a picture of you as a liar and manipulator. There's no reason for a vendor to attack myself, Reaver or others simply b/c we have posted here and tried to provide some real content. Whether we like or not, the fact is that there are person(s) out there that literally have nothing better to do with their time than spam forums by any means necessary. If nothing else, I think we all would agree that James has provided a community here found nowhere else. For him to be attacked is not necessary and CAN BE mitigated going forward. It may not eliminate it, but we CAN do something to reduce it. I'd love to hear what others think. Maybe I am totally off here and if so, that's fine too. Maybe others are not even aware of the personal attacks against James, Reaver and myself have taken place. Maybe you are not aware that the VSA thread has also been attacked as well. In the end, I see no value provided by allowing people to lurk here. If lurking is simply going to give those pathetic spammers reasons to attack us for sake of spamming their terrible products, I am not interested in providing the fuel they need to spam their product. The bottom line is that spammers need something - anything - to spam their product, including attacking people. It is childish and absurd, but as I said, some vendors are really that pathetic and have to resort to any means necessary to spam their products. If nothing else, I wanted to apologize to James that he had to waste his time defending the forum he has built and I want members here to know how low vendors will go. For me, I say let's end it as much as possible.

Tin, I see some possible support at 20.00 and 18.00. Looks like this puppy likes the round numbers. Just my 2 cents.

Welcome to the forum saw. While you seem to really like what Reaver has presented here, feel free to do the same. As you'll see in your time here, TL is a community of giving and receiving. You should start a thread and introduce yourself to the forum and tell us about your trading. What are you hoping to gain and provide the forum? Once again, welcome to our little forum my friend. :cheers:

Tin, there's a fine line between being too simple and over-thinking things. We've all been there. For me, standard candlestick analysis works well on daily charts. The smaller the timeframe you go however, the weaker they become on their own. That's something I've learned over the years.

All I see tin is a bearish candle pattern at a resistance point. That's it. I like the odds of the trade and we'll see what happens. Getting almost 2-1 on the trade, I'll take it every day.

In my view tin, I see a good risk/reward trade. Today's open was 48.68. Stop was placed above the high of the spinning top, so just above the 50.00 level would be good in my opinion. Have to watch those round, even numbers in stocks. Assuming we are short at the open, risk was $1.57sh (assuming stop at 50.25). Looking to cover some/all of the position near 46.00, which would result in a profit of at least $2.68/sh. Risking 1.57 to make at least 2.68 = 1.7 risk/reward. I'd love to see it at 2.0 or higher and it could get there if it breaks thru that first support level.

What a nice short sell in your Phase 1 box. I know you are not just doing candlestick analysis tin, but I'd have a hard time passing up that sell that formed a double top at the high of the chart setting....

Here's the longer-term chart from stockcharts.com. Looks the same as quote.com.