Post Market Report (Trade Results) Archives - Page 13 of 14

Nov 2016

Review of my Chat Room Stock Day Trades / Alerts for Thursday Nov 17, 2016. Low Float Shippers China, $SCON $BNSO, $DHRM, $ISNS, $UWTI, OIL, and more.

Intro:

Time stamped entries (in permanent archive) copied to this blog in italics (below) are direct live log chat from chat trade room as they occurred (random chat from myself not applicable or other misc chat deleted). Chat trade room is also video recorded daily for trade archive (we start sharing videos soon – just one more thing on the to-do list).

In addition to chat, this trade-room has live voice broadcast (that covers in detail what indicators I am looking for in and out off each trade) and has live chart screen sharing right from my monitor to the room with all indicators I am looking at.

Overview Perspective of Chart Room, Trades and Alerts:

Today for me was a scalping day… worked moderately well. With a goal of 1% minimum per day (preferably 3%) I’m easily on track since the beta start of our trading room a couple weeks back (1% per day 10k to 1.14MM in 26 mos compounded).

Primary lessons I learned that may help your trades…

Today wasn’t exciting… it was a process of me chewing around the edges of crude trades with $UWTI (which by the way is being delisted soon – see premarket report coming up). I was likely up 1% or better – haven’t had the time to see yet.

The reason I chew around the edges is that I am looking for a break-out entry scalping with my small account looking to build it at 1% a day compound and if a break-out occurs then I start hammering down with my larger swing account on every pull-back. Pretty simple strategy that works well. With oil, the break-out I’m looking for is due to not only the current OPEC meetings but also in the charting.

But soon, very soon we’re looking at Gold and Silver because the are getting really close to our algorithm’s projected lows. So I will start chewing around the edges of $GOLD $SILVER and miners $GDX. Right now $DXY is in break-out mode so I may trade $UUP on pull-backs for a bit (however we see it trailing off soon) – it’s an inflection point in markets – so it is about being cautious during inflection prior to next trends. Japan is also in break-out so I may start chewing around edges of $DBJP also and of course the S & P 500 $XIV same thing. $VIX is getting stomped as expected but inflection will come there too.

What I did miss was the shippers (was all over them before they started but elected not to play) and China low float stocks have started (was also all over that ahead of curve and I’m thinking on it) and semi conductors I didn’t play.

Stock Chatroom Trading Transcript

08:54 am Curtis M : Premarket Top % Gainers: $SINO 76%, $RLOG 70%, $GSL 36%, $DCIX 27%, $ESEA 27%, $TOPS, $NM $GLBS $IMNP $NMM $SB $SHIP $NTAP $PLUG $BBY $EGLE
08:55 am Curtis M : Upgrades $MSFT $NOA $RRC $TCK $KBR $FSLR $QVCA $T $MUSA $NTAP
09:05 am Curtis M : No morning newsletter… same as yesterday with premarket gainers and upgrades listed here.
09:20 am Curtis M : $RLOG 113%, $GSL 105%, $SINO 99%, $PSID 36%, $DCIX 29%, $NMM 28%, $NWBO $TOPS $WNR $NM $SB $ANW $GLBS $NTAP $HAIN
09:23 am Curtis M : “Risk control is the most important thing in trading.”
09:24 am GSCT . : /CL surge here
09:26 am Curtis M : Morning … back in a minute for open
09:32 am GSCT . : DRYS offering
09:49 am mathew w : Getting out of my ON UWTI position
09:49 am mathew w : Huge moves all over the board
09:52 am Curtis M : Looking for $UWTI long as oil settles through morning, oil companies starting to squeeze so Im running scans, expected entry long $UWTI at arrow gives me 46.20 – 47.28 width on crude for 3-6% in $UWTI potential
09:53 am GSCT . : Thanks for the detailed strategy
09:58 am Curtis M : RUnning screeners on oil companies and waiting for $UWTI entry on oil price target
10:00 am mathew w : WLL and NE working nicely here
10:00 am Curtis M : For those wondering why I will stalk an oil trade for hours …. https://compoundtrading.com/100000-turns-1-million-24-mths-1-per-day-compound-stock-trading/
10:00 am mathew w : Looking and JONE and EPE
10:04 am mathew w : LE? No NE. Noble energy
10:04 am mathew w : I’m in these calls from friday
10:04 am mathew w : haha close. Cows. Oil. whatever
10:13 am GSCT . : U or DWTI?
10:27 am Curtis M : http://finance.yahoo.com/news/janet-yellen-testifies-on-capitol-hill-150717531.html
10:53 am Curtis M : https://twitter.com/curtmelonopoly/status/799278889566662656 finally got some sun after 4 days of rain
10:57 am Curtis M : Long $UWTI 19.60 800 shares small account – may have to sit through some pain… a little early but ya
11:13 am Curtis M : Out for now at 19.70 looking to renter $UWTI
11:22 am Curtis M : Lomg $UWTI 19.535 small account 1000 shares
11:24 am Curtis M : Out $UWTI flat
11:25 am Curtis M : chewing around edges trying to get lift
11:49 am Curtis M : Long $UWTI small account 1000 share 19.536
11:59 am Curtis M : OUt $UWTI 19.74
12:00 pm Curtis M : ugh
12:02 pm Mathew Waterfall : Nice Kill Curtis. Well done
12:03 pm Curtis M : thanks
12:06 pm Curtis M : So going to get ready for EOD oil squeezes catcha in a few
12:06 pm Mathew Waterfall : AMD and MU going crazy today if you’re looking for other momo plays
12:06 pm Curtis M : thanks
12:07 pm Mathew Waterfall : Repeated calls being bought in size in both this AM
12:07 pm Mathew Waterfall : Might be a little tired but still seeing flows coming across
12:09 pm Curtis M : ok thanks
12:10 pm Curtis M : going to be out of hotel for 20 mins
12:10 pm Curtis M : if it says im out of room or whatver no prob cya in 20
12:11 pm Curtis M : specifically im mainly looking at oil squueze small caps but will look at anything EOD
12:56 pm Mathew Waterfall : invernse h&s on /cl 1′ chart
01:20 pm Curtis M : $DHRM china loa float
01:21 pm Curtis M : Yup theyre gonna run the Chinas now for a while lol
01:27 pm Curtis M : $SCON $BNSO, $DHRM then likely $ISNS
01:32 pm Mathew Waterfall : In and out of /cl and UWTI for small wins. That price action is agrivating.
01:40 pm Mathew Waterfall : Back in FH for a swing trade. Hit this for a win about a month ago. Back on the radar today so hoping to get back into the 3s shortly
01:42 pm Curtis M : crude has snipers in there till bots get it and go
01:45 pm Curtis M : Watching $BNSO $NFEC $ DHRM $ISNS and other China low float mania
01:51 pm Curtis M : Long $UWTI 19.26 1000 shares small acct
01:51 pm Mathew Waterfall : Im short FYI
01:51 pm Mathew Waterfall : once it broke .21 I went short
01:52 pm Mathew Waterfall : I was wrong on that one lol. Quick out
01:57 pm Curtis M : $UWTI small win beers and hotdogs
01:57 pm Curtis M : $CCCL
01:57 pm Mathew Waterfall : I’m back short. This is going lower with the $DXY strength
01:58 pm GSCT . : When you talk about a ticker can you please say its name as I can’t always have your screen up and also can you make the ticker symbol more readable on your chart as it’s very hard to discern.
02:00 pm GSCT . : I mean the symbol name in light grey. Please make it more white.
02:01 pm Mathew Waterfall : The dollar moves make me very nervous right here RE oil
02:05 pm Mathew Waterfall : Im playing against last weeks high here
02:05 pm Mathew Waterfall : might go long /cl
02:08 pm Mathew Waterfall : long and wrong new LOD
02:13 pm Curtis M : Long $UWTI 1000 shares small account 19.05
02:19 pm Curtis M : $UWTI 18.88 loss 1000 shares
02:22 pm Mathew Waterfall : Damn that price action is all over the place
02:22 pm Mathew Waterfall : I was trying to get out of my /cl contracts and it was jumping so bad I lost $$$ trying to chase it down
02:24 pm Curtis M : Long $UWTI 18.93 1000 shares small acct
02:25 pm Curtis M : out flat $UWTI no mojo
02:27 pm Curtis M : Long $UWTI 19.06 1000 shares small act
02:29 pm Mathew Waterfall : Dude tough day for sure. I have 8 round trips in UWTI in one account and have probably half as many round trips for /cl contracts
02:29 pm Mathew Waterfall : Broker making as much as I am today
02:30 pm Curtis M : Out $UWTI 19.07 flat
02:30 pm Curtis M : 3 w 1 L 1 F choppy cant get a trend easily
02:35 pm Mathew Waterfall : Might hit silver shortly for a swing. USLV looks appealing
02:52 pm Curtis M : looks like a lot of gold and silver trading coming up soon here
02:54 pm Curtis M : $DXY should back off… $GOLD and $SILVER gonna run… until then low float mania? And remember what happened last year same time…
03:02 pm Mathew Waterfall : I’m still in TKAI for a low float pick lol. Things kind of a turd but I bought low enough it doesnt matter
03:15 pm Curtis M : Gonna call it a night guys. Were going to try and get all algo charts for all 6 up by Monday. Looks like Gold and Silver are near so lotsa work to do.
03:15 pm Curtis M : Room will stay open till 4 see ya n morning
03:18 pm GSCT . : Thanks CM

Topics: Wall Street, Stocks, Stock Market, Day Trading, Chat Room, Trading Results, Low Float Stocks, Shippers, China, $UWTI, OIL, $SCON $BNSO, $DHRM, $ISNS, $GOLD, $SILVER, $DXY

Nov 2016

Post Market Wed Nov 16 $DRYS, $LEI, #OIL, $UWTI and more.

Post Market Report (Trade Results) $DRYS, $LEI, Oil, UWTI Curt Melonopoly

Review of my Chat Room Stock Day Trades / Alerts for Wednesday Nov 16, 2016. $UWTI, OIL, $DSX, $SHIP, $DRYS and more.

Intro:

Overview Perspective of Chart Room, Trades and Alerts:

Primary lessons I learned that may help your trades…

So the trade I got in before the system crash mid day setting off our room to next day was $UWTI in advance of the pit close… I entered I little earlier in the day than I normally would but thought there may be some front running so I did. The trade that I missed was the 10:30 AM oil report trade – normally at the bottom of that spike down I would get an entry in $UWTI and for whatever reason I didn’t trigger and missed it.

With the shippers I thought it was too late to get on the train so I watched. Volatile plays like that don’t fit my trading plan so I just didn’t take an entry. Also $LEI was on my watchlist (low float oil) and I didn’t take that play either.

I also just published a new blog post on the math of 10,000.00 turns in to 1 million after 24 months at 1% compound per day.

FX: $USOIL $WTI Crude oil trade today using $UWTI as the instrument for a 2.5% portfolio gain on small account.

11:43 am Curtis M : Long $UWTI 1000 shares 19.307 small account. I took the trade here because crude had pulled back after its morning spike (post oil report) to a diagonal support line (blue) and the volume was increasing on 3 mins prior. The problem was the price came off after that again and I had to hold through it. Which is a lesson because the price pull-back should be at least one step more than it otherwise would be in an uptrend. So it made sense that I was one support too early in my entry.

On the one hand I was confident in the hold because of the upcoming oil meetings, pit close was still on deck, and the price had come off to a support. What I wasn’t comfortable with is that oil hasn’t been trading aggressively (bouncing) at supports and has been selling off in to strength more than it would be in a confirmed break-out. So it was mentally a tough trade.

Exit on my $UWTI trade base on $USOIL $WTI right near top of the candle. Decent exit.

12:32 pm Curtis M : 19.805 exit 1000 shares $UWTI small account. So my exit was much cleaner than my entry and for sure much cleaner than my emotional hold process. I wanted to hold to the resistance line above where I did exit at 2.5% gain and it would have been 3% or better but I knew that the market was selling in to strength so I picked a resistance line prior to the obvious one when the price spiked – it was a perfect exit on the intra for sure.

Stock Trading Chatroom Transcript

08:44 am Curtis Melonopoly : https://compoundtrading.com/pre-market-newsletter-wednesday-nov-16-usdjpy-iwm-rwm-iwm-faz-usoil-gdx/
08:45 am Sartaj Hundal : Fault tolerance testing being performed today. Users may be shifted to other rooms. Regular broadcasting will not be affected.
08:46 am Curtis Melonopoly : https://compoundtrading.com/oil-trading-chart-blog-update-nov-16-crude-oil-fx-usoil-wti-uwti-dwti-uso-uco-cl_f/
08:48 am Curtis M : On Watch Shippers Again – Oil Report this morning – $LEI low float oil
08:53 am GSCT . : $DRYS halt after running +50 PM
09:00 am GSCT . : T12 Halt “Halt – Additional Information Requested by NASDAQ”
09:00 am Curtis M : Last year after this happened with shippers and USD Jan came lol kaboom
09:04 am Curtis M : Regulatory halt on $DRYS if you short which I don´t it may be epic
09:05 am Curtis M : I remember the days when I worked on the market 30 years ago and the phone would ring lol can be bad
09:07 am Curtis M : 28 yrs ago bla thats better
09:09 am Curtis M : I short… just not intra… indices and stuff on a wider range timeframe
09:14 am Curtis M : $DRYS is T2 code… could be bad
09:15 am GSCT . : T12
09:15 am GSCT . : http://www.nasdaqtrader.com/Trader.aspx?id=TradeHalts#
09:57 am Curtis M : GLBS halt vol
09:58 am Curtis M : oil report in 30 mins
10:03 am Curtis M : quick break before oil report for me
10:03 am Curtis M : dont forget record bullish contracts in oil before report could get fun
10:15 am Curtis M : GLBS vol halt
10:16 am Curtis M : Go fund me website halt for $DRYS
10:16 am GSCT . : Hahaha
10:18 am Curtis M : THey will hit them like wack a mole soon
10:39 am GSCT . : You called Oil Curtis. I’m impressed.
10:39 am GSCT . : Last week.
11:09 am Curtis M : Missed $DUST ugh
11:09 am Curtis M : gonna make some calls back in 10 to 20
11:13 am Mathew Waterfall : Getting out of some of me NE dec 5.5 calls it anyone was following along. .21 to .34
11:13 am Mathew Waterfall : Hold WLL calls
11:18 am Mathew Waterfall : Now I feel bad about getting out of UWTI this am lol now you tell me
11:25 am Mathew Waterfall : That’s very interesting on the math component. Funny
11:37 am Curtis Melonopoly : http://www.ted.com/talks/jim_simons_a_rare_interview_with_the_mathematician_who_cracked_wall_street
11:37 am Curtis Melonopoly : http://www.investopedia.com/articles/active-trading/101014/basics-algorithmic-trading-concepts-and-examples.asp
11:39 am GSCT . : Surprised at this pullback. Wild.
11:39 am GSCT . : Strength of
11:43 am Curtis M : Long $UWTI 1000 shares 19.307 small account short leash i think
12:14 pm Curtis M : So Im holding $UWTI without stop …. going for lunch back in 30 min
12:15 pm Curtis M : I have conviction on it that my worst scenario is a 4 day hold
12:17 pm GSCT . : DCIX 19.31 – 19.86
12:20 pm Curtis M : If room kicks u out while iM away then Ill be back in 20 anyway for afternoon fyi… it will be nice to have the other guys around starting next week lol
12:23 pm GSCT . : Sweet.
12:24 pm GSCT . : You could sense the snapback coming.
12:25 pm GSCT . : Do you ever use pre-set sell orders.
12:25 pm Mathew Waterfall : Market makers may be looking for $45 close of options expiration
12:26 pm Mathew Waterfall : 45 is basically max pain point
12:30 pm GSCT . : I like the commentary.
12:32 pm GSCT . : Great call on that.
12:32 pm Curtis M : 19.805 exit 1000 shares $UWTI small account
12:33 pm Curtis M : 2.5% or so gain
12:34 pm Curtis M : back in 20 mins or so lol gone this time 4 sure… likely do oil trade when back for pit close
12:34 pm Curtis M : if room kicks you out ill be back in room by 1 so just re nter
01:00 pm Curtis M : Back
01:00 pm Curtis M : Looking at $UWTI for pit close
01:01 pm GSCT . : /GC dropped through 200 MA and DUST followed
01:02 pm GSCT . : NUGT dropped down DUST broke up through 200
01:02 pm GSCT . : Your volume is low for me.
01:09 pm Curtis M : $GLBS may run again here
01:12 pm Curtis M : $OPTT $SIN $TOPS theyre all popping
01:12 pm Curtis M : $SINO
01:19 pm Curtis M : running scans be right back
01:24 pm GSCT . : Google Chrome does that lall the time.
01:24 pm GSCT . : all
01:24 pm GSCT . : You can bypass it.
01:25 pm GSCT . : I use Chrome and Opera.
01:26 pm GSCT . : Click on Learn More
01:26 pm GSCT . : I think it will allow you to bypass that.
01:26 pm GSCT . : Go back it allows you to proceed anyway.
01:27 pm GSCT . : On the original page under Learn More on your Edge browser
01:27 pm GSCT . : Belwo that
01:27 pm GSCT . : Stupid eh?
01:27 pm GSCT . : Not you the technology.
01:28 pm GSCT . : Are you using the Hotel Internet?
01:34 pm Curtis M : i am using a hotel system yes wi fi
01:34 pm Curtis M : im rebooting
01:43 pm Curtis M : techs are working on getting charts back up now
01:46 pm Sartaj Hundal : Give us a minute
01:46 pm GSCT . : I presume you’ll be getting a dedicated connection hrard wired.
01:47 pm Curtis M : yes lol not me but our office+
01:47 pm Curtis M : i travel
01:57 pm GSCT . : I’ve been in a couple of rooms where thy use Omnovia. Relaunching the room often solves issues.
01:59 pm Sartaj Hundal : We have been able to confirm that there is a Wi-Fi issue at the hotel. Curt will be on a hard-wired connection starting Monday. Unfortunately, we will have to cancel the remainder of the afternoon session. He will be back tomorrow morning.

Topics: Wall Street, Stocks, Stock Market, Day Trading, Chat Room, Trading Results, $LEI, $UWTI, OIL, $DRYS

Nov 2016

Post Market Tues Nov 15 $TWLO, #OIL, $UWTI, $GDX and more.

Post Market Report (Trade Results) $DRYS, $DSX, $GDX, $SHIP, $TLT, $TWLO, Chat Room, Day-trading, Oil, Stock Market, Stocks, Trading Results, USD/JPY, UWTI, Wall Street Curt Melonopoly

Review of my Chat Room Stock Day Trades / Alerts for Tuesday Nov 15, 2016 $TWLO, $UWTI, OIL, $GDX, USD/JPY, $TLT, $DSX, $SHIP, $DRYS and more.

Intro:

Overview Perspective of Chart Room, Trades and Alerts:

Primary lessons I learned that may help your trades…

When EPIC the Oil Algo says something I’m still challenged to listen (it’s just math but wow accurate). Most recently I’m referring to the posts on EPIC’s feed last Thursday cancelling targets because the change in trend. The mistake I made was giving too much credence to the upward resistance points on the traditional charting. In other words, had I just taken an entry at the lower range of oil trade when EPIC had signalled the time / price cycle change was at hand and held that position I would now be up big. But I didn’t, I’ve been scalping #OIL using $UWTI between support and resistance – and of course doing that makes it almost impossible to gain what you would have if only you traded the range from the bottom support and held. I am still up – but not anything like I would be. NOW, to be clear, when EPIC publishes the new alpha algo targets soon I have become comfortable trading those… so my hold at support areas in a range becomes more assertive. So even I am learning how to use EPIC’s math as an edge – and trusting that math – but it has been spot on so I’m getting there.
$TWLO – for me this was a swing account (my larger account) trade and normally I’ll hammer down when I have a conviction on a trade and not snipe but swing. But when I entered $TWLO trade today I didn’t like the price action and cut early… it did come off after that exit so that part was done right as a scalp and it was a win but after hours it trended from approx. 34.65 to 35.65 range. So what’s the lesson? My thesis was correct and it was a swing so allowing short frame trading affect that conviction on a swing is simply nonsense.

$TWLO Trending After Market Hours

Trading Chat Room Transcript

08:44 am Curtis Melonopoly : Morning!
08:44 am Curtis Melonopoly : https://compoundtrading.com/pre-market-newsletter-tuesday-nov-15-usoil-wti-dxy-vix-gld-gold-slv-silver-spy/
08:45 am Curtis Melonopoly : That was morning trading plan.
08:45 am Curtis Melonopoly : Here is EPIC the Oil Algo Update – must read so you know what’s happening in here today. https://compoundtrading.com/oil-trading-chart-update-nov-15-crude-oil-fx-usoil-wti-uwti-dwti-uso-uco-cl_f/
08:50 am Curtis Melonopoly : Top % Gainers: $SHIP 34%, $TOPS 26%, $DRYS 22%, $ESEA 22%, $SINO 14%, $RPRX $AAP $NOG $NM $VKTX $JD $UWTI $PWE $CTRV $MTL $UGAZ
09:20 am Curtis Melonopoly : Gainers: SHIP +40%. TOPS +35%. DRYS +24%. ESEA +21%. SAEX +13%. NMM +15%. AAP +14%. RPRX +12%. SINO +12%. ORIG +9%. JD +8%. NM +8%. GNK +8%. OCUL +6%. SALT +6%.
09:20 am Curtis Melonopoly : Losers: SYN -35%. BETR -21%. TSRO -10%. SSYS -10%. CRBP -6%. RIO -6%. NOK -6%. DKS -6%. BBL -5%.
09:23 am Curtis Melonopoly : http://finance.yahoo.com/news/analysts-actions-anthem-fortinet-harley-130800133.html
09:29 am GSCT . : COuld be a tad louder
09:34 am Curtis Melonopoly : Long $UWTI Small account 800 share 18.47 risky in first 30 mins
09:39 am Curtis Melonopoly : Out small gain 18.525 reentering soon

Win #1 for hotdogs and beers .25% +-
09:55 am Curtis Melonopoly : Back in 10 while oil consolidates
09:58 am Curtis Melonopoly : 18.745 Long $UWTI 800 Share small account will hammer down with swing account if continues to confirm
10:01 am Curtis Melonopoly : Running scans – back in a bit
10:16 am Curtis Melonopoly : $UWTI out 18.958 800 share small acct win – will re enter

Win #2 for 1.2% +-
10:22 am Curtis Melonopoly : Running scans
10:33 am Curtis M : If you learn anything here let the Twitter land peeps know plz thx
10:34 am Curtis M : buy order ready on $UWTI
10:52 am Curtis Melonopoly : back in 10
10:58 am Curtis M : 18.649 800 share uwti small account
11:03 am Curtis Melonopoly : You guys have been separated in to two rooms again – Sartaj will connect the two rooms soon lol
11:08 am Curtis M : We have sme coding issues… 3 rooms split you guys are staying with me for today ‘ fixed tonight
11:18 am Curtis M : Out $UWtI 18.77 800 shares

Win #3 for .7% +-

11:29 am Mathew Waterfall : Got in NE calls and CHK common right after the bell yesterday. Small cap oil should be just getting started
11:30 am Mathew Waterfall : Don’t forget about /CL contract roll coming up though. That messes with futures pricing something fierce
11:33 am Curtis M : Thanks Mathew forgot
11:34 am Curtis M : going for an Americano b 20 to 30 mins
11:35 am Curtis M : Sartaj just messaged and said he may have split rooms up over lunch or at latest in morning
11:35 am Curtis M : back in 20
11:51 am Curtis M : ok back scanning for afternoon
11:51 am Curtis M : Sartaj says splinter groups in other rooms likely not back till tomorrow when fixed
11:52 am Curtis M : Crude failed at res
11:53 am Mathew Waterfall : What about $DSX?
11:54 am Curtis M : Looking at $SHIP close
11:54 am Curtis M : Ill check DSX
11:55 am Mathew Waterfall : Good price action there. I’m in some calls from the open and working nicely. Just saw a huge buy come across as well
12:14 pm Mathew Waterfall : I wish I would have bought more lol. Always a regret
12:16 pm Curtis M : 45.60 heavy resistance on $USOIL FYI
12:16 pm Mathew Waterfall : I will only play through options. They move too fast to have an undefined risk
12:17 pm Mathew Waterfall : They gap so hard that even equities can leave you out if you’re on the wrong side
12:33 pm Curtis M : running scans for a bit
12:34 pm Curtis M : Is $DSX on your screen
12:34 pm Curtis M : in the room
12:38 pm Curtis M : runnung scans…. $DSX looks decent still
01:00 pm Curtis M : $USOIL $WTI coming up to resistance, $DXY coming to resistance, $SPY coming to top of recent range, $VIX at bottom of recent range
01:05 pm Curtis M : Looking at $GDX
01:09 pm Curtis M : Long $GDX tight leash 800 shares small account
01:09 pm GSCT . : /CL feels toppy. Do you see a reversal of trend intraday here?
01:09 pm Curtis M : GSCT did you read EPICS blog post or twitter
01:10 pm Curtis M : YEs heavy resistance
01:12 pm GSCT . : Yes.
01:12 pm Curtis M : 800 21.89 GDX small account+
01:12 pm Curtis M : Awesome lo thanks GSCT
01:12 pm Curtis M : Not trying to be cheeky just got my hands full
01:13 pm GSCT . : No worries.
01:13 pm GSCT . : Not at all.
01:14 pm GSCT . : I need to honor the trend more anyway in my trading.
01:20 pm Curtis M : what a great guy thanks
01:24 pm Mathew Waterfall : You said DWTI. So you think we reject at the next resistance point and head lower in OIL?
01:26 pm Mathew Waterfall : Thanks. Sometimes things actually work as expected lol
01:30 pm Curtis M : $DSX so clean
01:37 pm Curtis M : battleground for me here with $TLT and $USDJPY and a few other things for $GDX likely early
01:51 pm Curtis M : Small loss $GDX out 21.84

Loss #1 .25%
01:55 pm Curtis M : running scans for EOD momentum play
01:55 pm Curtis M : The $GDX $TLT Currency correlation is powerful… there´s a number of indicators ‘ but those three are tied … the turn isnt ready yet but its coming… maybe tonight…
02:02 pm Curtis M : Watching $TWLO squeeze
02:03 pm Curtis M : Swing acct 2000 shares long
02:04 pm Curtis M : $TWLO
02:07 pm GSCT . : Are those car horns there in Panama?
02:07 pm GSCT . : Scooters it sounds like.
02:09 pm GSCT . : Traffic sounds agressive there.
02:12 pm GSCT . : Hilarious.
02:13 pm Mathew Waterfall : /ES HODing
02:17 pm GSCT . : /CL poppimg
02:17 pm GSCT . : popping
02:18 pm Mathew Waterfall : Front ran that yesterday so that’s what IM hoping fo
02:18 pm Mathew Waterfall : small cap oil squeeze
02:20 pm GSCT . : I assume you have price targes or percentage goals for swings as well?
02:21 pm Mathew Waterfall : WLL Dec 10c @.25
02:22 pm Mathew Waterfall : Followed a sweeper through on those as confirmation
02:22 pm Mathew Waterfall : Loading up on small cap oil
02:22 pm Mathew Waterfall : WLL, NE, CHK, PBR
02:22 pm Mathew Waterfall : JONE, EPE, SGY on watch close
02:32 pm Mathew Waterfall : First list I’m in, second list will go on oil expansion
02:37 pm Curtis M : $TWLO out 2000 shares 34.40 with 34.26 avg buy

Win # 4 .45% +-
02:41 pm Curtis M : Ugh $GDX I knew it lol fark
02:49 pm Curtis M : LOL not sure what happened but all our equip is set up this MOnday… and there´s a ton of subscribers we re allowing in next week … we ve limited how many till gear is set up Monday… so a few more days of yup that
02:49 pm Curtis M : oil looks good fyi
02:50 pm Curtis M : pit is closed and oil doing what it is doing is good
03:05 pm Curtis M : Curious what $DRYS does after halt here
03:18 pm Curtis M : Wow last hour of the day used to be best hour…. pretty calm out there…
03:18 pm Mathew Waterfall : Shippers looking like they are breaking down. To watch
03:19 pm Curtis M : Shippers should be done soon IMO
03:19 pm Robert Norman : Amazing up move from Crude Oil today. Oo
03:20 pm Curtis M : Crude gonna rip some faces off cause meetings on deck…. could be very interesting
03:26 pm Robert Norman : Any clue what API is going to show?
03:27 pm Mathew Waterfall : Done for the day, see yall tomorrow
03:29 pm Curtis M : see ya mathew
03:29 pm Curtis M : no idea robert
03:35 pm Curtis M : Well that´s a mellow end to a market day… going to call it a night… room will stay open till 4. We will get the other guys in same room with you tomorrow too lol. Have a great night!
03:36 pm Robert Norman : Have a good one!

Topics: Wall Street, Stocks, Stock Market, Day Trading, Chat Room, Trading Results, $TWLO, $UWTI, OIL, $GDX, USD/JPY, $TLT, $DSX, $SHIP, $DRYS

Nov 2016

Post Market Mon Nov 14 $THC, $FAZ, $USLV, $UWTI, $XIV, $DRYS and more.

Post Market Report (Trade Results) $DRYS, $FAZ, $THC, $USLV, $USOIL, $WTI, Chat Room, Day-trading, Oil, Stock Market, Stocks, Trading Results, UWTI, Wall Street, XIV Curt Melonopoly

Review of my Chat Room Stock Day Trades for Monday Nov 14, 2016. $THC, $FAZ, $USLV, $USOIL, #OIL, $UWTI, $XIV, $DRYS and more.

Intro:

Overview Perspective of Chart Room, Trades and Alerts:

I’m really pleased with the first two weeks in our beta start-up chat room. There’s some good peeps, it’s a smaller group for now but that’s good – it allows for more chatter than you could have with a larger room (which is good in this instance – so if you’re attending our room please feel free to communicate your views in the room – when there’s more in the room we’ll just scale back as needed). Much of the activity you don’t see in the transcript below because of course the charts are visual and the broadcast is by voice… but it’s going well and some of the group are getting involved and we’re starting to build on some momo here. And the market’s starting to cooperate:)

So from Friday my lessons were:

The reality is some basic disciplines went out the window. Simple stuff like trade the width or in other words the pivots (the range)… but trade them with price and volume momentum. Simple… simple… stuff. Money is made intra trading the outside ranges with price movement with volume momentum and cut quick if wrong. Really simple. So simple it seems we can find ourselves forgetting that. But truth is just that will get you 60 – 70% success ratio in my experience. So in short…. it doesn’t matter if there was a pull-back or the bonds or what the reason is… if you don’t trade the outside range when you have price confirmation (movement in the right direction) along with volume then YOU SHOULD NOT TRADE – IT IS A GAMBLE – pure and simple.

And guess what! I actually corrected these issues – it helped the market was more predictable too – but I did execute the simple rules I was not respecting on Friday. I cut faster, I protected equity, I didn’t get the run-ups you would normally expect – but I protected equity.

THE BIG PLAYS OF THE DAY for me were

$THC – The exit of 4/5 s of my $THC swing from my large swing account. This type of play (which also went well with $HTZ) is a simple play – and I far too often forget to utilize it. In short the play works like this: A) You simply wait for an equity to have a premarket downdraft due to something like poor earnings or whatever. B) It needs to be an equity that you know has managed money in it and preferrably one that you know managed money will buy on the downdraft. C) Take your entry after market open when there is increasing volume (preferably before they run it up) D) Hopefully you time your entry so that you get lift quick and can set your stop and then just put your feet up and babysit it until it gets desired target based on chart (typically gap fill over a week or so). Of course it’s more complicated than that… but those are the basics – one of my most successful swing trading set-ups. And I hate to put it on the team in the room – but if you see that I’m not paying attention to this play in the mornings please please let me know if you see any equities that fit this formula!
Both $SPY and $USOIL $WTI started to respond to dips and price action more normal like. What I mean by this in short (for example) is oil… oil at it’s outside range (pivots or support) should respond to buying price action – but oil has been dead for many days… today though it responded and tonight it’s alive in futures – so this is big news (being that I hit 97% of my oil entries (using the leveraged ETN $UWTI) and my total average with all plays (in small scalp compound accout and large swing account is 80% so oil is VERY IMPORTANT to my trading). And $SPY… well it started to respond properly too… I use $XIV which I know isn’t a direct correlation but I use that leveraged $ETN in such a way that I take advantage of a beatin down $VIX when $SPY gets on a rip. And being that I can compound an account 1% a day just with this simple afternoon $XIV play daily it is very important. NOW…. in both instances (especially $SPY) the response (price action and volume) wasn’t completely back to its normal state… but it was much, much better.
The big trade I missed was shippers last few days (was on it with it on the watchlist I posted to the trading room yesterday – I just didn’t take it) . 08:53 am Curtis Melonopoly : Misc. Watch-list: $UGAZ (Chart), $C (Bank), $MNST (Bottom Play), $DRYS (Shipper), $THC (Bottom Play), $TPL (Trump Play), $JJC (Continued Copper Break-Out?), $AUMN (Favorite Penny play w / Gold and Silver break-out).

For me… I’m just pumped because oil is on a rip now in futures so it’s alive now and when that happens me and my little friend EPIC the Oil Algo bank. So the coming days here should be very good fishing!

DO NOT MISS THE MORNING NEWSLETTER!!!! OIL IS ALIVE!

Chatroom Transcript:

08:57 am Curtis M : Good morning! Running Scans c u before open!
09:24 am Curtis M : Momentum Open Watch: $CRBP $HAR $EBIO $OBCI $TWER and more.
09:24 am Curtis M : Crude hit support and bounced
09:28 am Curtis M : Oil Gold Silver ETE CRBP
09:34 am Curtis Melonopoly : Scanning be right back
09:42 am GSCT . : Can you turn up your volume? You’re way low for me.
09:47 am Curtis Melonopoly : LOng $XIV short leash
09:57 am Curtis M : OUt small gain looking for re’entry $XIV
10:19 am susan w : Curtis, are you still silent? Haven’t heard anything much since the open. Thanks
10:20 am susan w : ok, heard you. Thanks
10:26 am Curtis M : Going to go see what´s shaking here with $VIX and run some scans and set up for some charting and algo plays and afternoon plays….
10:31 am Curtis M : Yeild curve is flatening some… some.. so bulls may run today and tomorrow but in to Wed looks suspicious…. anyway should be a pull back coming over next 72 hours and then w´ll see
10:31 am Curtis M : going to run some scans
10:31 am Curtis M : back in 20
11:00 am Curtis M : Long $FAZ small account
11:00 am GSCT . : Think /CL tests LOD here?
11:00 am Curtis M : It may waiting
11:03 am Curtis M : Fill $FAZ 25.76 Long Small Account
11:07 am GSCT . : DWTI 91.86 -92.96 +1%
11:17 am Curtis M : Look for the miners to perk up
11:30 am Curtis M : Oil has to regain support above purple line
11:34 am Curtis M : Going for early lunch going to prep for afternoon and some algo work in the room
11:35 am Curtis M : Back in half an hour ‘ holding $FAZ
11:38 am Curtis M : Ok set stop for lunch on $FAZ 25.30 lol catcha mid lunch hour
12:03 pm Curtis M : $NUGT got it´s pop like I thought it would but $FAZ didn´t
12:23 pm Curtis M : resetting charts back in 10 for afternoon
12:27 pm Curtis M : Okay so I nailed that $NUGT turn around so hopefully $FAZ hits here soon
12:28 pm Curtis M : Missed a few of the momos this morning but after late last week I thought best to take it easy on step at a time
12:31 pm Curtis M : scanning… back in a few
12:34 pm Curtis M : Ok so $FAZ has a bounce
12:36 pm Curtis M : My $FAZ got a bounce and $THC swing having a good day!
12:40 pm susan w : Curtis – how about USLV?
12:42 pm Curtis M : We can cover gold and silver soon here
12:43 pm Curtis M : Looking for exit on $THC swing here
12:45 pm Curtis M : Out $THC on a really decent swing account gain! 16.62 scaling out now
12:49 pm Mathew W : THC BULLISH WISEGUY ACTION: Jan17 23.0 CALLS $23k BET OPENING MULTI SWEEP THC=16.43 Ref 0.6x Usual Vol
12:49 pm Curtis M : $FAZ out small gain, $XIV snall gain earlier, $THC out 2/5 s
12:51 pm Curtis M : Out 4 / 5 of $THC holding 1 / 5 on further swing
12:54 pm Curtis M : Back in 2 mins looking at Silver quick
01:01 pm susan w : Because JNUG was moving and was thinking silver would move soon since miners were moving
01:03 pm susan w : AUMN green too Curtis
01:03 pm Curtis M : nice lol
01:05 pm susan w : My goodnes, IONS went crazy
01:08 pm Curtis M : yes lol watched $IONS
01:08 pm Mathew W : Oil getting a boost ehre as well finally
01:08 pm Mathew W : bounced off of the 61.8 fib perfectly
01:08 pm Curtis M : Long 600 shares $USLV 14.14 small account
01:15 pm Curtis M : $USLV out at 14.06 protecting small account will look for re enter 48.00 loss ish
01:16 pm Curtis M : Running scans be right back
01:25 pm Curtis Melonopoly : Back in 5 calling a few oil traders and back to review oil algo
01:46 pm Curtis M : Long $UWTI 16.83 700 shares small account
01:47 pm Mathew W : 43.53 next res on /cl
02:07 pm susan w : curtis, AUMN jumpy
02:22 pm GSCT . : Scalped $UWTI 17.10 – 17.19
02:22 pm GSCT . : Early but needed to take some profit
02:23 pm Curtis M : Nice!
02:23 pm GSCT . : Thanks. Very hard to exit with Limit orders on Oil.
02:23 pm GSCT . : Will use pre-set sells. Or what do you recommend?
02:30 pm Curtis M : Out 16.89 small acount $UWTI small win Beers and hotdogs
02:32 pm GSCT . : Thanks!
02:34 pm Curtis M : Back in 10 or so for one more today hopefully ‘… really pumped that oil got positive.. watch red algo line
02:49 pm Curtis M : Long $XIV 38.72 small account 400 share taking trades around possible turn around and will size in with swing account if confirmed
02:50 pm GSCT . : /CL ramping a bit ehre
02:51 pm GSCT . : And Gold aftesr a new bottom shortly Curtis?
02:51 pm GSCT . : after
02:52 pm GSCT . : DRYS Jesus.
02:56 pm GSCT . : Don’t see a ton of upside XIV here
02:57 pm GSCT . : Bring it
03:02 pm GSCT . : Great call Curtis.
03:05 pm GSCT . : 500 shares?
03:06 pm Curtis M : $XIV out 38.91 small gain its a start 400 shares small account
03:06 pm GSCT . : WOuld like to learn more about elasric band effect a we go along here.
03:08 pm GSCT . : HTZ was wicked.
03:11 pm GSCT . : How long has the market been off cycle? 3 months? 6?
03:13 pm Mathew W : Got stopped out of my $REN position earlier.
03:13 pm Mathew W : Hate that
03:16 pm GSCT . : How long has the market been abnormal to what you like to see is what I meant.
03:23 pm GSCT . : Thanks for the great calls today Curtis.
03:24 pm Curtis M : Have a great night!
03:24 pm Edward J : Thanks Curtis
03:24 pm Curtis M : Watch newsletter in premarket really close in morning for confirmation of oil rally, SPY rally and VIX stomp…. and then if so we´ll pivot to metals when that´s done.
03:24 pm Curtis M : You bet take care
03:46 pm Curtis M : Wow still selling in to strength no confidence to hold
03:57 pm Curtis M : Oil may go on a rip tonight and many short squeezes in small cap oil tomorrow if it does

Best and stay blessed.

Curt

Trading stats w @CompoundTrading 175 Win / 44 Loss for 80.3%. All real-time alert in trading room. #stockmarket #daytrading #wallstreet

— Curtis Melonopoly (@curtmelonopoly) November 14, 2016

Topics: Wall Street, Stocks, Stock Market, Day Trading, Chat Room, Trading Results

Nov 2016

Post Market Report Fri Nov 11

Post Market Report (Trade Results) $DRYS, $EBIO, $JJC, $PTCT, $STEM, Chat Room, Day-trading, Stock Market, Stocks, UWTI, Wall Street, XIV Curt Melonopoly

Review of my Chat Room Stock Day Trades for Friday Nov 11, 2016.

Intro:

Overview Perspective of Trades and Alerts: Simple but BIG Lessons Here.

In general, Friday was a difficult day for me… 3 small losses – no gains. The bonds caught me off guard and caused me to re-think. Also though… the reality is some basic disciplines went out the window. Simple stuff like trade the width or in other words the pivots (the range)… but trade them with price and volume momentum. Simple… simple… stuff. Money is made intra trading the outside ranges with price movemenet with volume momentum and cut quick if wrong. Really simple. So simple it seems we can find ourselves forgetting that. But truth is just that will get you 60 – 70% success ratio in my experience. So in short…. it doesn’t matter if there was a pull-back or the bonds or what the reason is… if you don’t trade the outside range when you have price confirmation (movement in the right direction) along with volume then YOU SHOULD NOT TRADE – IT IS A GAMBLE – pure and simple.

So this coming week for me will be all about returning to the basics. When the set-up is there I will trade – if not then I will $STUDY like all of us should.

Today’s Trades And Alerts Transcript and Notes: $PTCT, $UWTI, $XIV, $EBIO, $DRYS, $JJC, $STEM

08:53 am Curtis Melonopoly : Pre-Market Gainers Watch-list: $PTCT $NVDA $MACK $JJC $RGSE $CWH $MACK $OMER $YANG $EDZ $BT $DGAZ $AMD $TVIX $DWTI $SRPT $UVXY $JNUG
08:53 am Curtis Melonopoly : Misc. Watch-list: $UGAZ (Chart), $C (Bank), $MNST (Bottom Play), $DRYS (Shipper), $THC (Bottom Play), $TPL (Trump Play), $JJC (Continued Copper Break-Out?), $AUMN (Favorite Penny play w / Gold and Silver break-out).
08:54 am Curtis Melonopoly : https://compoundtrading.com/pre-market-newsletter-nov-11-usoil-wti-oil-dxy-dollar-vix-gld-gold-natgas/
09:02 am Curtis Melonopoly : $IAU also
09:22 am Curtis Melonopoly : Good morning
09:26 am Curtis Melonopoly : $EBIO, $DRYS, $PTCT, $JJC, $STEM possible for open
09:27 am Curtis Melonopoly : And NatGAS but… unlikely
09:37 am Curtis Melonopoly : I’ll get the other crew on other server back
09:39 am Curtis Melonopoly : $PTCT in 11.03 out 10.34 small play at 300 shares – small loss on swing account

Loss # 1 for the day – small loss. Should have cut earlier.
09:53 am Curtis Melonopoly : So Watching NATGAS for long, $JDST for pull back for long, $THC for further dip to take 2nd swing entry, $XIV for exit (likely not until Tues).
09:56 am Curtis Melonopoly : Making a few calls back in a bit
09:57 am Curtis Melonopoly : Careful with $SPY could drip all day to 214.46 ish
09:57 am Curtis Melonopoly : $JDST may not get an entry it’s not waiting
10:32 am Curtis Melonopoly : https://twitter.com/curtmelonopoly GOLD
10:33 am Curtis Melonopoly : https://twitter.com/curtmelonopoly SILVER
10:37 am Curtis Melonopoly : Running screens – back in 10 – 20
10:38 am Curtis Melonopoly : Marked my preferred by in $JDST 34.50 area
10:38 am Curtis Melonopoly : Waiting for $IAU to finish it’s intra uptrend
10:39 am Curtis Melonopoly : NATGAS looks like a bottom but we don’t have math locked in on it.
10:39 am Curtis Melonopoly : $SPY Could see 214.50 – could – before uptrend in to Tuesday
11:00 am Curtis Melonopoly : $DXY targets https://twitter.com/curtmelonopoly/status/789420610996678656
11:10 am Curtis Melonopoly : Out of small account $XIV from yesterday – going to try and trade out of that loss (about 1.50 I’l have to check)

Loss # 2 for the day. Swing from day before. Small loss. Should have held actually. Pivots – range etc.
11:13 am Curtis Melonopoly : 37.53 fill on sell order $XIV on small account swing from yesterday
11:20 am Curtis Melonopoly : Watching $TZA for $DXY break-out possible
11:30 am Curtis Melonopoly : $UUP watch instead
11:36 am Mathew Waterfall : Would be a nice double top if it heads south from here
12:07 pm Curtis Melonopoly : Going to get a coffee back in 20 for afternoon session – tough market for me.
01:14 pm Curtis Melonopoly : Long $UWTI 17.125 avg small account
01:32 pm Curtis Melonopoly : Out $UWTI 17.03 loss

Loss # 3 for the day – for some reason I thought it was 2 – need to confirm before I post stats on my Twitter feed lol.
01:41 pm Curtis M : These markets are confused …. sitting on hands may be best.. Inflation, bonds, credit markets, currencies they´re all confused lol
01:42 pm Mathew Waterfall : Yea things are backwards all over the place. Should have gone flat earlier in the week over here. Gold, oil, bonds, all trading crazy
01:45 pm Curtis M : $XIV going up while oil tanks… ummm
01:46 pm Mathew Waterfall : Again, weird. XIV up, VIX also up. Put buying up
01:46 pm Mathew Waterfall : It doesn’t make sense
01:46 pm Mathew Waterfall : I think we see a big shake out before thanksgiving. And the whipsaw will be real and violent
01:46 pm Mathew Waterfall : Just picked up some $USLV for the occasion
01:47 pm Curtis M : I havent spun my tires like last 2 days for literally I can´t recall
01:48 pm Mathew Waterfall : I haven’t traded this hard and lost money either. Should have stayed in Palm Springs for the week
01:50 pm Curtis M : Trends will start soon enough
02:02 pm Curtis M : Theyre selling the rips so that makes it tough …
02:09 pm GSCT . : Should $NUGT correlate with an up move?
02:09 pm Curtis M : Yes
02:09 pm Curtis M : $IAU has volume
02:09 pm Curtis M : Not sure why
02:11 pm GSCT . : But your algos show Gold down more 1167(?) before ramping?
02:12 pm Curtis M : Yes
02:13 pm GSCT . : It’s how I have been trading.
02:14 pm Curtis M : Long $IAU small acount for a gamble at 11.80 800 shares
02:14 pm GSCT . : Curious about incorporating your data into my strategy.
02:15 pm GSCT . : What’s the winning percentage of your Gold algo? I tink you said oil is 90% day trade rate.
02:16 pm GSCT . : think
02:18 pm GSCT . : Wow.
02:18 pm GSCT . : But no Natty Gas algo.
02:19 pm Curtis M : Out $IAU for basicallly flat .5 cent loss

Basically flat.
02:19 pm Mathew Waterfall : OIL ramp into pit close here
02:21 pm Mathew Waterfall : TONS of volume in /CL contracts as well
02:21 pm Mathew Waterfall : don’t want to go home short crew covering their a$$
02:23 pm Curtis M : back before last hour 345 at latest checking on other traders etc
02:23 pm Curtis M : would like one last hit for the week
02:23 pm Curtis M : algo charting technical next week
02:45 pm Curtis Melonopoly : Back in 5 – all our equipment came in today so we’re fully set up in one week! yehhaw – anyway scanning for afternoon EOD play
03:14 pm Mathew Waterfall : I out all of my miners. Those things look horrible, and gold looks horrible. Will look for set up in $DUST moving forward via calls most likely
03:19 pm Curtis M : Have a great weekend guys and gals!
03:19 pm Curtis M : I will stay close to monitors to hear alarms until end of day.
03:20 pm Curtis M : Big reports coming out for before Monday open we start with algos next week.

So that was 3 small losses… the first momo trade the loss could have been smaller and the other two I should have held – if I was respecting the range I would have but I was obviously not respecting simple fundamental principles of successful trading. Hope you learn from that!

Monday a new day!

Best and stay blessed.

Curt

Topics: Wall Street, Stocks, Stock Market, Day Trading, Chat Room

Nov 2016

Review of my Chat Room Stock Day Trades for Thursday Nov 10, 2016.

Intro:

Time stamped entries (in permanent archive) copied to this blog in italics (below) are direct live log chat from the trade room as they occurred (random chat from myself not applicable or other misc. chat deleted) .

Chat trade room is also video recorded daily for trade archive (we start sharing videos soon – just one more thing on the to-do list).

In addition to chat, this trade room has live voice broadcast (that covers in detail what indicators I am looking for in and out of each trade) and has live chart screen sharing right from my monitor to the room with all indicators I am looking at.

Today’s Trades And Alerts: $THC, $XIV, $DRYS, $TUBE, $ECPG, $GLBS, $EBIO

So we did get the snap back up in the market as expected… but Thursday it slowed… especially late in the day with the bond market firing off madness.

I got out of my small account and swing account $XIV swing from the night before for my two wins and entered in small account later in day expecting a spike in oil at latest at pit close (because it has been consolidating at support) and with the recent election catalyst I ASSUMED I was safe. But nope, market went flat with bond markets and oil never got price lift. So I’m long over-night in small account $XIV and still in a $THC swing that I may add to if it sees another leg down. I think the dip was over-done.

There were (again) some morning momentum stocks that I could have entered, but I was focused on a timely exit in my $XIV holdings…. overnight swings does make that tough.

So today I have to decide whether to add to $THC or cut and with $XIV I have to decide whether to hold over weekend if the market doesn’t get some positive price action.

09:03 am GSCT . : /CL dropping here
09:09 am Curtis Melonopoly : $TRP, $THC, $TPL, $WFT, $JJC #Copper, $AUMN, $UWTI for bounce at algo line (red)
09:11 am Curtis Melonopoly : Gap $TUBE $LIQT $HPJ $AMDA $AEG $CLLS $MTL $UBS $WBIO $OMER
09:26 am Curtis Melonopoly : $BAC
09:27 am Curtis Melonopoly : Watching $XIV for exit and renter
09:27 am Curtis Melonopoly : Watching $THC for possible exit
09:29 am Curtis M : $XLF $TBF $TBT $TLT $BAC
09:29 am Curtis M : Also watching oil for support
09:44 am Curtis Melonopoly : Out $XIV 40.42 avg on both small and swing

So this was win # 1 and win #2 on day and was a 39.27 entry in swing account and small account with a 40.42 exit for about 1.15 gain or 2.5% ish.

From yesterday:

02:44 pm Curtis Melonopoly : Loooking at size in $XIV in 5ths 1/5 today
02:46 pm Curtis Melonopoly : Long $XIV 1/10 size 39.27 scale over next 24 hours the rest
02:48 pm Curtis Melonopoly : $XIV is 500 shares of 1/10 39.27

09:44 am Curtis Melonopoly : reenter lunch or sooner
09:54 am GSCT . : We need some cold weather to pop /NG
10:03 am Curtis Melonopoly : $DXY US Dollar Index upside res 98.61, 98.78 (short term PT), 98.91, 99.17, 99.28, 99.64, 99.80
10:30 am Curtis Melonopoly : When others return from other room accept my apologies lol we’ll get it sorted before DEc 1
10:30 am Curtis Melonopoly : And the grey out will be too
10:33 am Curtis Melonopoly : Back in 20 – Sartaj working on getting the others back in to this server lol too
10:33 am Curtis Melonopoly : Running scans
10:33 am Curtis Melonopoly : Trading Plan enter $XIV and $USOIL around lunch
10:59 am Curtis Melonopoly : Ok I gotta run momo scanns so I may as well take an early lunch cause plays will ikely start earlier than normal for afternoon session
11:00 am Curtis Melonopoly : Catch you back here 11:40 ish
12:17 pm Curtis Melonopoly : Loading for $XIV long
12:31 pm Mathew Waterfall : Big wedge building in /CL. I went into $UWTI for a starter
12:42 pm Mathew Waterfall : IMO this is calm before the storm
12:52 pm Mathew Waterfall : /CL going vertical here as well
12:56 pm Curtis Melonopoly : Long $XIV small account 400 shares 39.08
12:56 pm Curtis Melonopoly : Sorry for late alert
01:06 pm Curtis Melonopoly : Whats your buy Mathew?
01:07 pm Mathew Waterfall : On a vol play of /cl?
01:07 pm Mathew Waterfall : *or
01:08 pm Mathew Waterfall : I took $UWTI at /cl 44.55
01:08 pm Mathew Waterfall : for volitility I got out of VXX puts this AM. Back in a bit earlier
01:08 pm Mathew Waterfall : I’m in Nov25 VXX 30’s @.78
01:08 pm Mathew Waterfall : Currently trading for a buck
01:22 pm Robert Norman : Are you using SMA?
01:26 pm GSCT . : I’ve been in and out of chat. DId you ahve a posotion in $XIV for this +$2 move?
01:28 pm GSCT . : have position
01:31 pm Mathew Waterfall : 44.80 seems to be line in the sand on /CL. someone defending
01:35 pm Curtis Melonopoly : Long $XIV small account 400 shares 39.08 (previous post) still long
01:37 pm GSCT . : Cool. Thanks.
01:47 pm Curtis Melonopoly : NP – back in 20
02:00 pm Curtis Melonopoly : Ok now going to do 2 calls back soon
02:25 pm Curtis Melonopoly : Looking for swing acct entry 1/5 2000 shares at bottom of channel on $SPY
02:27 pm Curtis Melonopoly : $DRYS 180% lol
02:31 pm Mathew Waterfall : Took some straight /CL contracts @44.62. Looking for a bounce off of recent support
02:51 pm GSCT . : Gold looking for the basement floor
03:06 pm Curtis Melonopoly : Gold https://twitter.com/curtmelonopoly/status/796806153351168000
03:14 pm Mathew Waterfall : In some $TZA lotto’s for tomorrow. Think we might see a little pullback here
03:21 pm Curtis Melonopoly : I may have to sit through a pullback we’ll see – on $XIV
03:33 pm Curtis Melonopoly : Bonds are an issue right now – but I think very short term – then ATH $SPY ramp up again Tuesday at very latest
03:38 pm GSCT . : $LABD 14.65 – 14.94
03:43 pm Curtis Melonopoly : Holding $XIV overnight – until Tues if need be while bonds sort out… and out this morning $XIV on small acct and swing acct for win. Holding $THC swing but will hammer down again up to 5 times if it drops (1/5 sized in).
03:43 pm Curtis Melonopoly : Have a great night!

2 win (swings) 0 loss 0 flat 2 hold. It's beer o'clock 🍻🌴 Have a great night!✌🤓 Go hug a loved one! #stocks #wallstreet @CompoundTrading

— Curtis Melonopoly (@curtmelonopoly) November 10, 2016

Trading stats w @CompoundTrading 169 Win / 41 Loss for 80.6%. All real-time alert in trading room. #stockmarket #daytrading #wallstreet

— Curtis Melonopoly (@curtmelonopoly) November 10, 2016

Topics: Wall Street, Stocks, Stock Market, Day Trading, Chat Room

Nov 2016

Review of my Chat Room Stock Day Trades for Monday Nov 9, 2016.

Intro:

Chat trade room is also video recorded daily for trade archive (we start sharing videos soon – just one more thing on the to-do list).

Today’s Trades And Alerts: $THC, $XIV, $SPY, $USOIL, $WTI, $X, $VXX, $TVT, $MDCA, $XLF, $CXW, $GEO, $TRIP

We had the snap-back lined up even before the election. Recently the $HTZ low in the room was a big call and then now the election call. Things are good!

I knew all along Trump would win (see Twitter feed – I warned repeatedly)

Hillary will not win – establishment needs scapegoat – who more perfect than Trump? $SPY $ES_F $TVIX #quantitative #correction #stockmarket

— Curtis Melonopoly (@curtmelonopoly) May 8, 2016

and I knew markets would rally (again with many warnings).

Exactly. First media to say it as it is. #trump. It's going to be a positive not a negative. #brexit So simple. https://t.co/Q0ePvLqVOd

— Curtis Melonopoly (@curtmelonopoly) June 24, 2016

Why is this important? It’s to brag of course… no actually… it’s called being a good trader. That’s what we do and the idiots leading the sheep around with all their bullsh*t really start to piss me off lol. Time to say it straight – if you’re going to be a good trader you need to see around the corner (this GPS instead of what you see out your windshield). Very important for the newer traders to think on that – beyond getting tooled up with technicals and indicators and knowing how to size trades and cutting fast and actually studying and learning and reviewing previou trades etc… knowing what markets are going to do in advance is critical to your survival.

I’m not going to spend much time review the below…. the premarket today is really active and I want to be prepared for the next week of trading – big opportunities here. And I’ll try and get Tuesday’s Post Market done sometime soon too (lots of lessons to reveiw there). We start on intensive charting and algo trading Monday so I’ll try and get caught up this weekend.

Today’s Live Trading Room Text Transcript

09:03 am Curtis Melonopoly : Watching: $X $XIV $CXW $GEO $THC $TRIP $USOIL … more to come
09:17 am GSCT . : You’re good.
09:17 am Curtis Melonopoly : thanks!
09:24 am Curtis Melonopoly : back in 3
09:30 am Curtis Melonopoly : Watching open – no pennies – long $XIV likely soon
09:30 am Curtis Melonopoly : Long $XIV right out of gate
09:33 am Curtis Melonopoly : Out at 37.09 and back in
09:34 am Curtis Melonopoly : Going to hold $XIV thru downdraft and add with swing account
09:38 am Curtis Melonopoly : Long $THC 15.57 avg swing
09:44 am Curtis Melonopoly : Sorry guys our onboarding kicked everyone out lol – oh well – 2 rooms going today. Stay put.
09:50 am Curtis Melonopoly : Out $XIV 37.94 looking for pull back then re-enter
09:52 am Curtis Melonopoly : Looking at renter on $XIV $SPY is testing resistance from yesterday
09:52 am Curtis Melonopoly : $THC holdling until late day
09:52 am Curtis Melonopoly : OIL and STEEL I’m looking at entries lunch hour
09:54 am GSCT . : You’re talking $SPY?
09:54 am GSCT . : re all time highs
09:56 am GSCT . : Best way to play $SPY with smaller account? $XIV?
10:01 am Curtis Melonopoly : Yes $XIV with this move – opposite volatitily
10:04 am GSCT . : Can you point to the pink and blue lines. Hard to see your cursor with the lag.
10:04 am GSCT . : And thank you.
10:08 am GSCT . : Sweet.
10:11 am Curtis Melonopoly : Back in 20 mins watching for $SPY resistance break 214.57 whil gone
10:13 am Curtis Melonopoly : PS get yourself tradingview.com it’s cheap get the PRO version and appropriate add-ons less than 50 a month
10:13 am Curtis Melonopoly : back in 20
10:14 am Curtis Melonopoly : I’m not getting aggressive this morning – waiting till afternoon or tomorrow – expect this move to go on for 9 calendar days or so
10:49 am Curtis Melonopoly : back – screening for plays
10:51 am Curtis Melonopoly : Looking for break of resistance on $SPY to enter long in swing account
10:52 am Curtis Melonopoly : Or if I get enough downdraft on $SPY I’ll play $XIV for width – need width – margin
10:58 am Curtis Melonopoly : Looking for long in oil once machines kick in
11:00 am Curtis Melonopoly : Looking for break of high in US Steel $X and expect it to run
11:00 am Curtis Melonopoly : $CXW looking for run this afternoon
11:01 am Curtis Melonopoly : $THC is swing in sing account small position target 17.06… will hold unless 3% downdraft on low of day – stop out
11:04 am GSCT . : I hope you’re hard wired and not on WiFi.
11:06 am Curtis Melonopoly : I won’t be hard wired for a week or so lol
11:09 am Curtis Melonopoly : Running screens on plays – back in 5
11:14 am Curtis Melonopoly : get your buy orders ready on $XIV
11:28 am Curtis Melonopoly : Long $XIV
11:28 am Curtis Melonopoly : Early but whatever
11:33 am GSCT . : What was your $XIV entry
11:33 am Curtis Melonopoly : $XIV 38.48 entry
11:34 am GSCT . : Nice.
11:34 am Curtis Melonopoly : $XIV 38.50 stop and if needed re-enter
11:34 am Curtis Melonopoly : Small account so far waiting for pull back on my swing account to enter because I’m early I think
11:34 am Mathew Waterfall : I like to vol play here as well. Put some wood into VXX puts again earlier today
11:35 am GSCT . : Oil spiking
11:36 am Mathew Waterfall : /CL also just went vertical
11:42 am Curtis Melonopoly : $XIV stopped 38.58
11:52 am Curtis Melonopoly : Long $XIV 38.79 going to sit thru pain if I have to on small account order
11:52 am Curtis Melonopoly : Swing account large buy in about an hour ish
12:00 pm Curtis Melonopoly : Holding $THC and $XIV – will hold both or either through pain trade – taking early lunch and back in 30 or so for afternoon fireworks!!! Gonna be a good afternoon.
12:01 pm Curtis Melonopoly : No stop on $XIV and it’s on small acoount… will enter after lunch large swing position likely
12:36 pm Mathew Waterfall : /NG finally catching some action. Play in your dare
12:38 pm Mathew Waterfall : *if
12:53 pm Curtis Melonopoly : Back for afternoon session.. back in a few running scans
01:05 pm Curtis Melonopoly : $TBT, $MDCA, $XLF, $XIV, $USOIL $WTI, $$CXW, $THC, $X
01:20 pm Curtis Melonopoly : If u ask question in room I may not see it – better to DM my twitter or email [email protected]
01:24 pm Robert Norman : Hi! I’m all new here,is there something special I should know here when I’m looking at the charts?
01:35 pm Curtis Melonopoly : Long $XIV 38.395 in large swing acct
01:36 pm Curtis Melonopoly : Robert – just email and we’ll respond [email protected] or DM twitter mine
01:38 pm Curtis Melonopoly : Stopped $XIV looking for re-entry flat
02:02 pm Curtis Melonopoly : Long $UWTI 19.44 1/3 size will cut fast
02:14 pm Curtis Melonopoly : $UWTI out 19.26 loss
02:31 pm GSCT . : Can see that. Volume not easy to see on the chart. You need lighter colors for that.
02:31 pm GSCT . : Video now blank fo rme.
02:33 pm Robert Norman : Did you switch from Screen Sharing?
02:44 pm Curtis Melonopoly : Loooking at size in $XIV in 5ths 1/5 today
02:46 pm Curtis Melonopoly : Long $XIV 1/10 size 39.27 scale over next 24 hours the rest
02:48 pm Curtis Melonopoly : $XIV is 500 shares of 1/10 39.27
02:50 pm GSCT . : The room is still on beta.
02:50 pm GSCT . : in
02:53 pm Curtis Melonopoly : sorry bout the charts obvious computer start challenges lol – charts coming
02:53 pm Curtis Melonopoly : any better?
02:58 pm Curtis Melonopoly : Back in 10
03:16 pm Curtis Melonopoly : back for EOD
03:31 pm Curtis Melonopoly : If your bearish I would reconsider FYI
03:46 pm Curtis Melonopoly : Holding positions overnight and looking at scaling $XIV in the morning. Should be lots on the watchlist tomorrow.
03:47 pm Mathew Waterfall : Hope everyone killed it today. I’m still in VXX puts, UWTI, some small bios, and very small gdx left
03:47 pm Curtis Melonopoly : Thinking Tech, Bio, and maybe oil big plays tomorrow
03:48 pm Curtis Melonopoly : Have a great night Mathew!
03:48 pm Mathew Waterfall : I trimmed a lot premarket on the large pop. I’m expectin gmore long term but it might take a while to catch up
03:48 pm Curtis Melonopoly : We’ll start on algo charting Fri or Mon
03:48 pm Mathew Waterfall : Sounds good. Have a good night, get some sun for un in the dark north
03:48 pm Mathew Waterfall : /NG got a pop and I got the f out
03:49 pm Curtis Melonopoly : Night all.

Topics: $THC, $XIV, $SPY, $USOIL, $WTI, $X, $VXX, $TVT, $MDCA, $XLF, $CXW, Stockmarket, Wallstreet, Daytrading, Stocks, Trading Room, Chat Room

Nov 2016

Review of my Chat Room Stock Day Trades for Monday Nov 7, 2016.

Intro:

Chat trade room is also video recorded daily for trade evidence (also in permanent archive – I’ll start sharing videos soon – just one more thing on the to-do list lol).

In addition to chat (per below), this trade-room has live voice broadcast (that covers in detail what indicators I am looking for in and out off each trade) and has live chart screen sharing right from my monitor to the room with all indicators I am looking at.

Today’s Trades

Today was a very frustrating day!!! I didn’t want to stress on it while in chat room but my exchange data problem from ICE (see post earlier) almost sent me over the edge because of course I thought IN PART it was our fault or something… so we ran test after test on our software and hardware almost until 2 PM lol!!! Then, we find out it wasn’t our problem at all ha ha ha.

WHICH, that reminds me…. we have so much to do around here getting set-up that I can’t say exactly when this is going to start but I am going to test my ability to compound small accounts and shoot for either a 3 month or more likely a 6 month 10k to 1.14 MM compound on a small account – we just need a few days to form our plan and then we’ll start posting daily on it. 6 months BTW would be about 4 times as fast so instead of 1% per day that would be 4% per day compound (or 4 successful 1% trades per day and with 1 or 2 not working that’s basically a trade an hour – NOT EASY BUT POSSIBLE). If you are wondering what this “compound stock trading” is and how my goal is to take 10k accounts from 10k to 1MM in 26 months or less follow the link.

Chat Room Log / Trades

09:18 am Curtis Melonopoly : $VIX $UWTI (oil for bounce) $NTEC $NILE $CEMP $BIIB $IONS $APVO $DTLK $CTB $WATT
09:22 am Curtis Melonopoly : $VIX $UWTI (oil for bounce) $NTEC $NILE $CEMP $BIIB $IONS $APVO $DTLK $LIVE $CTB $WATT $LC $TROV

Above was my morning watchlist for morning momo plays… I try to get them out sooner but the stocks develop as the morning progresses… anyway, the reason I am commenting on this is that over time we will have a much more comprehensive pre-market session for prep for these plays… it isn’t our current core, but we will have this developed over next few months.

09:22 am Curtis Melonopoly : Watching market open for momentum stocks.
09:23 am Curtis Melonopoly : Trading view charting lag is actually from tradingview itself this morning – they say it will be fixed soon. There is a notice on each chart when loading.
09:24 am Curtis Melonopoly : $VIX $UWTI (oil for bounce) $NTEC $NILE $CEMP $BIIB $IONS $APVO $DTLK $LIVE $CTB $WATT $TXMD $LC
09:29 am Curtis Melonopoly : Here we go – strap in – GL!
09:34 am Curtis Melonopoly : Watching oil for a bounce and momos right now
09:37 am Curtis Melonopoly : Looking at $UWTI long

I had the FX: $USOIL $WTI play pegged early in day because I knew the market was in bull mode and oil has been depressed – so in other words it had a catalyst and I have indicators and technical tooling most traders don’t… so I just need it to move (up or down).
09:37 am Curtis Melonopoly : That alpha algo TL line (red) is in play
09:45 am Curtis Melonopoly : No morning momos for me this morning.

There actually were some morning momentum stocks I likely would have entered (especially as the morning progressed – but the charts and my tilting because of it left me no logical option – trading while tilted is not good).
09:46 am Curtis Melonopoly : Watching for standard play in oil, Gold, silver, VIX, SPY or continued momentum’s – back in a few mins.
09:51 am Curtis Melonopoly : Watching oil for bounce for entry…. not convinced
09:52 am Curtis Melonopoly : Also watching for follow-through with some gainers and momentum’s https://finance.yahoo.com/screener/predefined/ec5bebb9-b7b2-4474-9e5c-3e258b61cbe6
09:54 am Curtis Melonopoly : So I’m going to contact a few larger oil traders I know and see what they see the oil market doing over next 48 hours – back in 10 or so – I don’t like where it bounced here or the volume
10:03 am Curtis Melonopoly : Here’s crude oil first test to upside
10:04 am Curtis Melonopoly : Very weak – but it can go
10:04 am Curtis Melonopoly : So here comes support test
10:05 am Curtis Melonopoly : Thin purple line is traditional support trend line and red algo TL
10:11 am Curtis Melonopoly : On phone with oil trader I know… back in 15 min at most.
10:12 am Curtis Melonopoly : Upper arrow upside potential intra, lower arrow is low potential intra and mid arrow algo line – tough play mid range with oil
10:31 am george d : Curtis almost done calls back in 5 …
10:37 am Curtis Melonopoly : No conviction in oil buying… only way I can take a trade long is at the lower diagonal trendline (blue)
10:38 am Curtis Melonopoly : So I will set alarms for oil and then look at trending stocks intra for entries
10:38 am susan woo : Curtis, how do your gold/silver/miners algo look?
10:39 am susan woo : I recall you saying you were interested in AUMN last week
10:39 am susan woo : Tnanks:)
10:41 am Curtis Melonopoly : Hey Susan… sory about not seeing your question last week… my pre and post newsletters kind of touch on it… we’re waiting for election… without election consideration I was looking for downdraft then long… tough call till election – Hillary Trump war unpredictable
10:41 am Curtis Melonopoly : Ok going to look at trending intra stocks for entries – back soon
11:09 am Curtis Melonopoly : A lot of chasing here… still running screens… likely won’t be in any plays until lunch / afternoon session with trending solid indicators only for now.
11:13 am Curtis Melonopoly : Guys and gals… if you’re concerned with public posts be sure you sign in anonymous – like now lol – it’s a public room
11:14 am Curtis Melonopoly : So I’m running screeners on trending stocks for afternoon session. Also checking our algos for Oil, Gold, Silver, VIX, SPY for aft session.
11:24 am Mathew Waterfall : Just popped in to say I’m all out of those VXX puts. Worked very nicely holding over the weekend. Reloading a bit in JNUG and GDX calls that I got out of last week for another pop. Won’t trade much between now and Wednesday with clown show going on
11:28 am Mathew Waterfall : Also to note, interesting call spread options in GLD for those looking for a play there. Calls are pretty juiced on the high end making spreads attractive
11:32 am Curtis Melonopoly : Watching $FCX, $TWTR (rumors again), $DRNA, $IMPV, Crude for 43.40 ish $UWTI entry, $VIX , and rumors with NATO re: Russia… still running scans for afternoon
11:33 am Curtis Melonopoly : Grabbing quick lunch back in 30 to get some wins in bag
12:25 pm Curtis Melonopoly : $VIX starting to curl up
12:34 pm Mathew Waterfall : Wouldn’t be surprised to see a pullback here. This is a lot of short covering to me and looks to have stalled a bit. Went flat on my /ES plays
12:39 pm Curtis Melonopoly : Ok back from lunch – running scans for aft plays
01:02 pm Curtis Melonopoly : SO… tradingview.com experiencing data issues today from exchanges – we get ours fixed and theirs goes stupid lol – so I’m on stockcharts.com for the remainder of day – not ideal to say the least
01:10 pm Mathew Waterfall : So much noise today. I’m closing positions from this point I think. Got out of $USLV early but that’s what I get for being cautious
01:15 pm Curtis Melonopoly : Looking at $UUP for possible long pending chart
01:18 pm Curtis Melonopoly : Looking at $UUP (not sure if that alert posted)
01:18 pm Curtis Melonopoly : Ah yes it did lol
01:27 pm Curtis Melonopoly : Waiting for a decision on dollar, VIX and some other indicators before I start trading longs in market – chicken today
01:38 pm Curtis Melonopoly : Looking at $NUGT for a pullback and intra entry but… it could b too late
01:39 pm Mathew Waterfall : GDX and GLD seeing lots of love today, might not get another huge pullback in the miners
01:39 pm Mathew Waterfall : GDX BULLISH WISEGUY ACTION: Fri 11/11 24.5 CALLS (Wkly) $83k BET SWEEP / OPENING MULTI SWEEP GDX=24.01 Ref 1.1x Usual Vo
01:43 pm Curtis Melonopoly : Long $UWTI
01:48 pm Curtis Melonopoly : Filled at 18.20 in small account $UWTI
01:51 pm Curtis Melonopoly : 18.40 target in $UWTI but i
01:51 pm Curtis Melonopoly : I’m holding for a pull back and run
01:52 pm Curtis Melonopoly : Looking at a strong pit close play – hoping for 2 – 3%
01:54 pm Mathew Waterfall : Lots of sellers coming in >44.57 in /CL
01:54 pm Mathew Waterfall : Those need to get eaten up
01:57 pm Curtis Melonopoly : So 44.70 is my test area but I’m holding likely closer to pit close
02:14 pm Curtis Melonopoly : http://oilprice.com/Latest-Energy-News/World-News/Oil-Major-Chief-Calls-Upon-Non-OPEC-Producers-To-Join-Cuts.html
02:18 pm Curtis Melonopoly : Looking for expanding volume really soon with pit close near – if no then cut and take some profit $UWTI #OIL
02:23 pm Curtis Melonopoly : I am going to sell in to spike before pit close if I get it $UWTI
02:28 pm Curtis Melonopoly : Out
02:29 pm Curtis Melonopoly : $UWTI 18.20 buy with a 18.80 exit on $UWTI intra 3% er
02:30 pm Curtis Melonopoly : That was a nice trade

That one went well:) $USOIL $WTI $UWTI @CompoundTrading pic.twitter.com/ZSCzJBu716

— Curtis Melonopoly (@curtmelonopoly) November 7, 2016

$UWTI 18.20 buy with a 18.80 exit on $UWTI intra 3% er Live in @CompoundTrading room – that's how you build small account 🙂 Nice one 45mins

— Curtis Melonopoly (@curtmelonopoly) November 7, 2016

02:45 pm Curtis Melonopoly : back for another 🙂
02:46 pm Curtis Melonopoly : Running screens back in a few
02:51 pm Curtis Melonopoly : Missed the volatility trade distracted with oil – but oil better trade 3% vs 1.5% on my entry
02:57 pm Curtis Melonopoly : I’m going to watch for $SPY failure at 212.65 ish range and consider $VIX trade w $TVIX for EOD
03:16 pm Curtis Melonopoly : Looking at $TVIX – risky
03:16 pm Curtis Melonopoly : Very short leash if I do
03:27 pm Curtis Melonopoly : $TVIX not responding well to $VIX IMO – you want that to frontrun so you’re on right side of possible error
03:28 pm Curtis Melonopoly : That’s the benefit of scalping 3 x 2 x ETF and ETN’s – you can get a buffer for error if you’re on right side but extra pain if you are on wrong.
03:37 pm Curtis Melonopoly : Well I’m gonna call it… lotsa fun coming with election and then we get in to tight technical trading with proper indicators and algorithmic trading after election… so ready for that! And I’m gonna do a 10k to 1MM in 6 mos instead of 24 mos module (4 trades a day at 1%).
03:37 pm Curtis Melonopoly : Take care:) Be Blessed!
03:42 pm GSCT . : Thanks Curtis.

Best:)

Curt

Topics: Daytrading, Wallstreet, Chatroom, Trading Room, Daily Results

Nov 2016

Stock Trading Results – (5 wins today) Post Market Report Fri Nov 4, 2016 $X, $XIV, $CARA, $GCI

Post Market Report (Trade Results) $CARA, $GCI, $X, Chat Room, Daytrading, SPY, Stockmarket, Stocks, Trade Results, XIV Curt Melonopoly

Review of my Chat Room Stock Day Trades for Friday Nov 4, 2016.

Time stamped entries (in permanent archive) copied to this blog in italics (below) are direct live log chat from chat trade room as they occurred (random chat from myself not applicable or other misc chat is deleted for this post) . Chat trade room is also video recorded daily for trade evidence (also in permanent archive).

In addition to chat (per below), this trade-room has live broadcast (that covers in detail what indicators I am looking for in and out off each trade) and has live chart screen sharing right from my monitor to the room with all indicators I am looking at.

Before I get started on a review… I have to take this opportunity to apologize / follow-up on some unanswered questions in room from Friday:

Susan Woo – I didn’t see your questions in the chat room Friday… I get so involved in charts so my apology – my premarket today will cover though.

Mathew – Yes, go ahead and share charts until our room gets too busy. We’ll let you know when we all have to pull back on chatter etc. Until then… sure.

Here’s the trading room chat log with respect to my trades:

08:54 am george d : curt and I having coffee will be in room before open for morning momentum plays

09:18 am Curtis Melonopoly : Looking at morning momentum stocks

09:23 am Curtis Melonopoly : Premarket $WTW $PBR $ARRY $TRUE $CBS $CLNE $CSOD Personal watch: $SPY $XIV $FXC $AAPL #premarket #watchlist #wallstreet #daytrading #stocks

09:35 am Curtis Melonopoly : $DCTH looking for 2.67 to hold and go

09:37 am Curtis Melonopoly : Looking for break over 3.27 and 2.67 to hold

09:39 am Curtis Melonopoly : Out on y $XIV Swing big win – daytrade still in.

So this was my win # 1 of the day – it was a large $XIV swing trade from the day before with large swing account.

At this point I am still holding from the day before the $XIV overnight hold on the small daytrade account.

09:40 am Curtis Melonopoly : I was all in there on that swing so that was a big win $XIV

09:44 am Curtis Melonopoly : Looking at lower supports for more $XIV swings – out of large entry in swing but holding small account $XIV

09:48 am Curtis Melonopoly : Looking for bottom or top range on $SPY for volatility plays $TVIX or $XIV

09:53 am Curtis Melonopoly : Long $XIV on swing account 33..11

So this was a long for a scalp on the large trade account (my small account was still long and holding)

09:55 am Curtis Melonopoly : Trailing out $XIV 33,32 plus for scalp

So this was win #2 on the day – a scalp for .5% or so.

09:55 am Curtis Melonopoly : out

09:56 am Curtis Melonopoly : decent half a point

09:57 am Curtis Melonopoly : $TRUE break of 10.77 IMO decent but no go for me today

09:59 am Curtis Melonopoly : Snap back on $SPY could get really intense

10:01 am Curtis Melonopoly : Should fail here soon and test lower before strong snap back

10:06 am Curtis Melonopoly : $CERS $CBK nice

10:09 am Curtis Melonopoly : Market was wayyyy to irrational yesterday IMO with $VIX so I took the other side in $XIV

There’s my reiteration on my thesis for the large swing trade from the day prior.

10:14 am Curtis Melonopoly : $CBK no increasing vol but vol good on day

10:14 am Curtis Melonopoly : $CERS decent vol the day but… nope

10:16 am Curtis Melonopoly : https://ca.finance.yahoo.com/gainers?e=US

10:22 am Curtis Melonopoly : Watching close to get out of daytrade $XIV from yesterday, already out large swing on $XIV..When everyone gets happy I’ll go negative.

10:31 am Curtis Melonopoly : $EBIO and $CBK look great for EOD possibilities

10:39 am Curtis Melonopoly : back just in time for the test

10:43 am Curtis Melonopoly : So we’ll see how it handles turbulence here

10:57 am Curtis Melonopoly : $DXY lol surprise surpris

11:04 am Curtis Melonopoly : and I’m out $XIV for a yeehaw!

This was win #3 for the day. It was my exit on the small account swing in $XIV from the day before.

And that's all she wrote folks! And I'm out for the big yee f n haw! $XIV live in room right at top of that spiker. Yaa me. #daytrading pic.twitter.com/oXyJC4F4s2

— Curtis Melonopoly (@curtmelonopoly) November 4, 2016

11:08 am Curtis Melonopoly : Party time wow what a great week

11:09 am Mathew Waterfall : !!!

11:09 am Mathew Waterfall : Got my $XIV exit filled at 34

11:10 am Curtis Melonopoly : Way to go Mathew!!!!

11:10 am Mathew Waterfall : Works for me

11:10 am Curtis Melonopoly : We may got a rocket ride here later IMO $XIV

11:52 am Curtis Melonopoly : Be 5 or 10 mins looking at BIO and other EOD plays

12:02 pm Curtis Melonopoly : $SPY 210.20 and it’s a rocket – not saying it will

12:07 pm Curtis Melonopoly : $CFMS
12:09 pm Curtis Melonopoly : $CFMS over 9.83 I’d look again – but it’s strong – we’re late IMO
12:09 pm Curtis Melonopoly : $CFMS on a pull back I’d look at it for sure

12:21 pm Curtis Melonopoly : $CFMS, $CARA, $EBIO, $CBK, $XIV, $TVIX

12:25 pm Curtis Melonopoly : looking at $XIV… may wait

12:31 pm Curtis Melonopoly : $SPY break of 209.88 with vol long $XIV

12:31 pm Curtis Melonopoly : Needs considerable volume for my $XIV entry however

12:32 pm Curtis Melonopoly : And yes I know for anyone thinking it…. $XIV is not directly a $SPY play… I use it as an indicator

01:15 pm Curtis Melonopoly : Looking at $XIV looking for expanding volume

01:15 pm Curtis Melonopoly : Long $XIV

01:17 pm Curtis Melonopoly : Hoping for expanding volume $SPY
01:17 pm Curtis Melonopoly : Hope is my plan now
01:17 pm Curtis Melonopoly : I’ll Cut quick tho $XIV
01:18 pm Mathew Waterfall : I’m watching the VIX. If it can get <20.95 we should see the bottom start to drop out
01:19 pm Curtis Melonopoly : I’m in my small account here FYI
01:19 pm Curtis Melonopoly : In at 34.03 $XIV
01:25 pm Curtis Melonopoly : $XIV flat out
01:26 pm Curtis Melonopoly : the problem was expanding volume
01:26 pm Curtis Melonopoly : non

01:28 pm Curtis Melonopoly : $CARA watching for expanding volume
01:33 pm Curtis Melonopoly : Long $CARA
01:35 pm Curtis Melonopoly : Long at 7.29 tight manual stop $CARA small account
01:38 pm Curtis Melonopoly : Target 7.38 for a 1% scalp but may hold
01:42 pm Curtis Melonopoly : Entry 7.29 exit 7.405 for a little better than 1% – that’s how you build a small account

This was win # 4 on the day.
01:59 pm Curtis Melonopoly : Watching $X for break of HOD and expanding volume for entry on small account – I don’t think I would wait for backtest on support at 20.07 – 20.09
02:01 pm Curtis Melonopoly : if a touch of 20 on the 1 I’ll enter too if I can get it
02:04 pm Curtis Melonopoly : Long $X tight
02:05 pm Curtis Melonopoly : No expanding volume out flat $X
02:26 pm Curtis Melonopoly : $GCI
02:27 pm Curtis Melonopoly : Long $GCI
02:27 pm Curtis Melonopoly : Likely a pain trade at first
02:27 pm Curtis Melonopoly : Didn’t want to miss
02:50 pm Curtis Melonopoly : Out for now
02:51 pm Curtis Melonopoly : $GCI tiny gain will re-enter at HOD break of res

This was win #5 on the day.

03:10 pm Curtis Melonopoly : Looking at a possible ping back trade on $XIV for a scalp
03:11 pm Curtis Melonopoly : Long $XIV 33.06
03:18 pm Curtis Melonopoly : Nice 1% compound scalp for the small account on $XIV

This was win #6 on the day.

This day could be summarized as me getting out of my overnight swing on $XIV that worked really well, coming back to $XIV with specific indicators that I explained by live broadcast as I moved in and out of each trade and I also used indicators to move in and out of momentum stocks. All trades were with low stress ease – not that I don’t get anxious – but I mean the “gamble” type stress – I had risk / reward on my side with solid indicators and when a trade didn’t go as planned I cut quick.

Any questions don’t hesitate to ask in a PM in room or DM in Twitter or on email… if you ask me in general chat in room it’s really hard for me to see because I’m scanning many many charts behind the scenes on monitors you don’t see… so my eyes are always there and not in chat.

Thanks

Curt

Nov 2016

Today’s Stock Trading Results – (Contrarian pivot) Post Market Report Nov 3, 2016

Post Market Report (Trade Results) Chat Room, Contrarian, Daytrading, Trade Results, XIV Curt Melonopoly

Review of my Chat Room Stock Day Trades for Wednesday Nov 3, 2016.

Again this morning I will be very brief – yesterday and today have become one trading day as far as my account is concerned (and perhaps right up to election) – so I am going to do an in depth blog post this weekend explaining my reasoning. Also last night we worked until the wee hours in the morning on chatroom hardware and software upgrades so that took my time. So you can expect a detailed blog post this weekend.

Yesterday for me became all about whether support on $SPY and $SPX was going to hold (if touched). Folks in the chat room know I took a number of small scalp trades to build my small account. But later in the day I pivoted to a contrarian large entry in my swing account and also in my small account (day trade account). I pivoted to $XIV hold / swing.

If $SPY $SPX continue to down draft I will consider exiting. I took that trade late in the day.

So basically my risk to reward in my thinking is intact – more risky than I would normally be – but again…. look to a very detailed blog post on weekend.

Thanks

Curt

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