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Day Trader Radio

Announcement Archive
June 2011

  • Trader Spotlight LIVE : Freedom Talks pre-4th special 9PM Eastern

    RPM post

    posted by RPM

    Jun 30, 2011 7:08 pm

    Trader Spotlight LIVE : Freedom Talks pre-4th special 9PM Eastern

    What better time then now to get the whole gang together and reflect on how wonderful it is to enjoy the freedom we all have and enjoy. Coming up of course Monday is the 4th of July. For us here in the USA that certainly means the most to us in the states. But no matter where you live, if you enjoy freedom and freedom to trade the markets, this show is for YOU.

    Tonight we will try to have as many guests on as possible from mrland, ncdave, Huck_Sue, trade4pay,michaelfreeman, kaneco, jd, gas and anyone else that wants to call in. Let's have a big DTR family freedom fun night. Who knows, maybe I can get the Dixie Beaver to call in? Room raid anyone? I have seen a many but never hosted one. Who knows!!

    Please be so kinda to join us tonight, BYOB ! To me that means "be your own boss" but if you would like to have a cocktail with us, please do. see everyone tonight!!

    @rpm

  • S & P Cash Close Contest for Friday 7-1-11

    daytraderockstar post

    posted by daytraderockstar

    Jun 30, 2011 2:54 pm

    Get your Cash Close Contest guess in by 10 am EST Friday 7/1/11, for your chance to win a spin of the DTR Prize Wheel.  Members only.

    Enter your guess here.

    Prizes include cash, computer monitors and free subscriptions to DayTradingRadio.com!!

     

    Sign up for a two week free trial now and be in the contest today!

     

    Cheers,

     

    DTRBrian

  • 2 O'clock Recap

    daytraderockstar post

    posted by daytraderockstar

    Jun 30, 2011 1:53 pm

    2 O'clock Recap for 6/30/11

    - Bought AOL 300 @ 20.13 added to Position 800 shares total
    - Short 200 ANF @ 67.82 looking for .50+
    - Sold MMM 100 Shares @ 94.72 +3.11
    - Bought YHOO 200 @ 14.85 swing trade higher risk
    - Sold YHOO 400 @ 14.87 -.15
    - Bought RLD 200 @ 24.17 Starting Swing
    - Out SDS 400 @ 20.84 -.44
    - Sold SNE 140 @ 26.35 +1.58 all out
    - Out 1 es + 1
    - Long 1 es 1307 2 point stop

     

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  • Focus Watch List for Thursday 6/30

    daytraderockstar post

    posted by daytraderockstar

    Jun 29, 2011 11:59 pm

    A nice review of the S&P 500 and a focus list featuring AOL, AGU, RLD, CSCO, YHOO, RHI, RADS, VALE, TCK, APH. The audio cut out on the last couple minutes so I cut it short instead of re recording it.

    Today we got past the Greek Austerity Package Vote, and I am beginning to see the charts coming back into a technical mode. I have a huge list of stock that will be future set ups all we need to do is let them set up.

    Remember not every day there's going to be a High probability Set up and on those days you have to have the discipline to decide to take a higher risk early entry and manage your risk on entry size. My job is to let you know before hand when and where these set ups will be. Both in the shorter time frame (60) minute chart and on the daily chart for longer swing trades. Tonight as I am reviewing charts I can see clearly how the markets are getting back into a very technical mode. This bodes well for the summer. See you in the markets tomorrow morning

     

  • 2 O'clock Recap

    daytraderockstar post

    posted by daytraderockstar

    Jun 29, 2011 1:59 pm

    2 O'clock Recap for 6/29/11

    - Sold AKAM 30.59 200 Shares +.80
    - Bought YHOO 200 @ 14.79 added to position 400 shares
    - Sold PBR 200 @ 32.91 + 1.03 Holding 350
    - Sold ECA 150 @ 30.13 +1.25
    - Sold SLV 400 @ 33.45 -.06
    - Premarket Bought SLV 400 @ 33.51 Seeing if we get a little more upside today not planning on holding it long or as a swing Premarket scalp

     

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  • Tech Talk Live 9PM - Video Cards

    RPM post

    posted by RPM

    Jun 28, 2011 3:33 pm

    Tonight I will share with you what recently happened to the monster PC's Video card when I neglected to remove the ps wire that was blocking it's fan and what I am doing to replace it tonight before the show. While we are at it, let's talk video card options, upgrades and new stuff out there as well for those on a budget.

     

    see ya tonight!

    @rpm 

  • 2 O'clock Recap

    daytraderockstar post

    posted by daytraderockstar

    Jun 28, 2011 2:03 pm

    2 O'clock Recap for 6/28/11

    - Sold RADS 200 @ 20.98 +.79
    - Bought YHOO 100 @ 15.14 total 400 shares
    - Bought RHI 200 @ 26.44 swing
    - Sold ASIA 300 @ 15.60 +.74 all out still looks good
    - Bought FTNT 200 @ 26.44
    - Sold CCJ 300 @ 25.00 +.50
    - Sold ANF 200 @ 66.30 -1.95
    - Bought AKAM 100 @ 29.72 total 200 shares
    - Sold CREE 100 @ 34.49 +1.50
    - Sold GSVC 100 Flat definitely can move, but too risky for me

     

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  • "Rock Out with your Stock Out" Tonight 9pm W/ DayTraderRockStar

    daytraderockstar post

    posted by daytraderockstar

    Jun 27, 2011 4:30 pm

    Join DayTraderRockstar Tonight for the Premier of "Rock Out with Your Stock Out" Starting at 9pm till 11.00pm est  

    Focusing on

    All aspects on "Trading For a Living"

    A first day of the week review of market action and a clearer view of this week's stock set up's

    Futures (Emini) trading if there is actionable volume and movement

    Live Research and Analysis

    A review of the High Probability Set Up Methodology 

    and of course great music

     

    Hope you can join us live 9pm @ daytradingradio.com

     

  • Daily Recap

    daytraderockstar post

    posted by daytraderockstar

    Jun 27, 2011 1:07 pm

    Mid-day Recap for 6/27/11

    - Cover 1 es +.25

    - Short 1 es 1272.25 2 point stop- Short 

    - ANF 200 @ 64.41 .50 stop looking for .50+ maybe holding it longer

    - Cover EZPW 200 @ 33.40 -2.87

     

    Follow us on

  • The 10 for 1000 Watch List has been uploaded to site

    daytraderockstar post

    posted by daytraderockstar

    Jun 25, 2011 4:02 pm

    A very comprehensive  watch list this week featuring PG, AOL, BTU, BA, BHI, AMGN, JBHT, RDY , ESRX and more. I will also be tightening up the alerts this week to pin point tighter entries off the 60 min chart. The overall markets continue to be unstable and news or politico events could really determine the next substantial move, until then tighter entries and faster exits. Tune in Sunday night for the opening of futures @ 6.00pm est

    DTRS

    you can view watch list video here : http://daytradingradio.com/10for1000

  • 2 O'clock Recap

    daytraderockstar post

    posted by daytraderockstar

    Jun 24, 2011 1:59 pm

    2 O'clock Recap for 6/24/11


    - Added CCJ 50 @ 24.98 total
    - Bought BRK.B 40 @ 74.77
    - Long 1 es 1266.75
    - Bought PBR 200 @ 31.88 Scalp possible swing if we hold these lows holding 350 prior
    - Covered SNI 100 @ 47.52 -.02 Showing some good relative strength
    - Bought ECA 50 @ 29.11 Total 150
    - Bought RADS 100 @ 26.60 Total 200 shares
    - Out es +1.00
    - Long 1 es 1273.00 3 point stop
    - Bought AKAM 100 @ 29.87 Higher risk might be a couple days but starting position
    - Sold FTNT 300 @ 25.00 +1.34 Will get back in

     

    Follow us on

  • S & P Cash Close Contest for Friday 6-24-11

    daytraderockstar post

    posted by daytraderockstar

    Jun 24, 2011 8:31 am

    Get your Cash Close Contest guess in by 10 am EST Friday 6/24/11, for your chance to win a spin of the DTR Prize Wheel.  Members only.

    Enter your guess here.

    Prizes include cash, computer monitors and free subscriptions to DayTradingRadio.com!!

     

    Sign up for a two week free trial now and be in the contest today!

     

    Cheers,

     

    DTRBrian

  • Focus Watch List for Friday 6/24

    daytraderockstar post

    posted by daytraderockstar

    Jun 23, 2011 11:19 pm

  • S & P Cash Close Contest for Friday 6-24-11

    daytraderockstar post

    posted by daytraderockstar

    Jun 23, 2011 2:26 pm

    Get your Cash Close Contest guess in by 10 am EST Friday 6/24/11, for your chance to win a spin of the DTR Prize Wheel.  Members only.

    Enter your guess here.

    Prizes include cash, computer monitors and free subscriptions to DayTradingRadio.com!!

     

    Sign up for a two week free trial now and be in the contest today!

     

    Cheers,

     

    DTRBrian

  • 2 O'clock Recap

    daytraderockstar post

    posted by daytraderockstar

    Jun 23, 2011 2:03 pm

    2 O'clock Daily Recap for 6/23/11

    - Sold 1 es 1261.75 +1.00
    - long 1 es 1260.75
    - Starting short in EZPW 200 @ 30.53
    - Bought GLW 100 @ 17.48 possible reversal today
    - Sold 1 es 1259.25 +1.25
    - long 1 es 1258.00
    - Bought ECA 100 @ 28.77 First Position
    - Bought SNE 100 @ 24.95 added to position

     

    Follow us on

  • 2 O'clock Recap

    daytraderockstar post

    posted by daytraderockstar

    Jun 22, 2011 2:02 pm

    2 O'clock Recap for 6/22/11

    - Sold BTU 100 @ 56.62 +1.02
    - added to CCJ 100 @ 24.49 Total 200
    - adding CREE 50 @ 33.02
    - Cover CSH 200 @ 53.85 -.77
    - Bought AOL 200 @ 20.43 a little early on the add
    - Short SNI 100 @ 47.50 2 point stop
    - Sold UPS 150 @ 71.17 + 1.19
    - Bought CCJ 50 @ 24.26
    - Starting small scale in in CREE 50 @ 32.97
    - Pre-Market - Sold YHOO 400 @ 15.41 (300) (100) +.55

     

    Follow DayTradingRadio on

  • 2 O'clock Recap

    daytraderockstar post

    posted by daytraderockstar

    Jun 21, 2011 2:00 pm

    2 O'clock Daily Recap for 6/21/11

    - Bought BTU 100 @ 56.60
    - Bought 100 CCJ @ 24.40 First position Stop 23.00
    - Bought ASIA 300 @ 14.86
    - Bought FTNT 100 @ 24.45 total 300
    - Bought UPS 100 @ 70.14 added to Position 150 total swing trade
    - Sold ASIA 300 @ 14.78 + .81 all out
    - Short MCO 200 @ 37.90 Back in this short
    - Sold RHI 300 @ 26.92 + .77
    - Sold BTU 100 @ 56.53 +.98
    - out es -2
    - Sold PBR 300 @ 32.40 +.02 still positive but looking elsewhere holding core
    - short 1 es 1282.75 2 point stop
    - Starting position in BTU 100 @ 55.55
    - Short CSH 200 @ 53.08 2 point stop
    - Bought PBR 300 @ 32.38 Scalp
    - Sold FDX @ 88.59 +1.60

     

    Brought to you by:

  • 2 O'clock Recap

    daytraderockstar post

    posted by daytraderockstar

    Jun 20, 2011 1:58 pm

    2 O'clock Recap for 6/20/11

    - Covered 1273.25 + 1.00
    - Short 1274.25 double top 2 point stop
    - Bought RHI 100 @ 26.45 added to position 300 total
    - out flat
    - short 1 es 1273.75 2 point stop
    - Bought SNE 40 @ 24.35 Smal Scale
    - Sold BRK.B 80 @ 75.87 + 1.23
    - Sold WHR 40 @ 76.40 + 1.47

     

    Brought to you by:

  • This Week's 10 for 1000 Watch List has been released

    daytraderockstar post

    posted by daytraderockstar

    Jun 18, 2011 3:06 pm

    A nice rounded watch list this week, covering 17 stocks, but not all on the watch list.Also 5 potential shorts , with 3 of them flying under the radar. The market conditions going into next week are very unstable, with the potential for news over the weekend that could move the markets Sunday night and see the markets gap in one direction or another Monday morning. I am looking at shorter time frames and scalping the market more until get a better feel for direction. This watch list covers GLW, EZPW, CSH, FCFS, APH, CHK, POT, JPM, GS, STX, SPLS, AOL, VALE, AMZN, NCR, and MCO. You can view video here http://daytradingradio.com/10for1000

     

    DayTraderRockStar

  • 2 O'clock Daily Recap

    daytraderockstar post

    posted by daytraderockstar

    Jun 17, 2011 1:56 pm

    2 O'clock Daily Recap for 6/17/11

    - Out 1 es +1
    - Long 1 es @ 1264 3 point stop
    - Back in AOL 200 @ 20.66 Starting Small
    - Out +1.0
    - long 1 es 1271
    - Back in AOL 200 @ 20.66 Starting Small
    - out 1 es +1.25
    - Long 1269.50 1 es 2 point stop
    - Sold 1 es + 1.00
    - Long 1 es 1269.00
    - Started Position in ROVI 100 @ 54.26 first Position
    - Out +1
    - Long 1 es 1272.00 2 point stop
    - Sold SWY 100 @ 22.50 + .32
    - Covered MCO 150 @ 37.15 +1.07
    - Sold AOL 200 @ 20.89 + .45
    - Out 1 +
    - long 1 es 1270.75 2 point stop
    - Bought UPS 50 @ 69.67 First position

  • Special Guest Inteview Today at 12 noon (est) with Jeffery A. Hirsh, Editor in Chief and President of Stock Trader's Almanac

    daytraderockstar post

    posted by daytraderockstar

    Jun 17, 2011 10:30 am

    Jeffrey A. Hirsch will be joining DayTraderRockStar in the office Today at noon (est)for a special interview.  Get any questions you may have in to dtrs@daytradingradio.com.  Questions can also be asked in the chatroom during the interview.

    Here's a little background info about Jeffrey:

    JEFFREY A. HIRSCH is editor-in-chief of the Stock Trader's Almanac and Almanac Investor newsletter. He started with the Hirsch Organization in 1990 as a market analyst and historian under the mentorship of his father Yale Hirsch. He regularly appears on major news networks such as CNBC, CNN and Bloomberg. As well as writing numerous financial columns and is widely quoted in all of the major newspapers and financial publications.

    Check out more information about the Stock Trader's Almanac 2011 here.

  • S & P Cash Close Contest for Friday 6-17-11

    daytraderockstar post

    posted by daytraderockstar

    Jun 17, 2011 7:53 am

    Get your Cash Close Contest guess in by 10 am EST Friday 6/17/11, for your chance to win a spin of the DTR Prize Wheel.  Members only.

    Enter your guess here.

    Prizes include cash, computer monitors and free subscriptions to DayTradingRadio.com!!

     

    Sign up for a two week free trial now and be in the contest today!

     

    Cheers,

     

    DTRBrian

  • S&P Outlook for tomorrow 6-17-11

    daytraderockstar post

    posted by daytraderockstar

    Jun 16, 2011 11:53 pm

  • Trader Spotlight LIVE : member special night w/michaelfreeman ES trader

    RPM post

    posted by RPM

    Jun 16, 2011 7:09 pm

    Special Trader Spotlight will be starting at 9PM eastern. Please stop by. We will be having a group show tonight and I want everyone and anyone that would like to call in tonight to please do so. 

    Take a look at this picture I just snapped out on the farm here. It's a good sign we are all in the right place at DTR. :) rpm

     

     

  • S & P Cash Close Contest for Friday 6-17-11

    daytraderockstar post

    posted by daytraderockstar

    Jun 16, 2011 2:23 pm

    Get your Cash Close Contest guess in by 10 am EST Friday 6/17/11, for your chance to win a spin of the DTR Prize Wheel.  Members only.

    Enter your guess here.

    Prizes include cash, computer monitors and free subscriptions to DayTradingRadio.com!!

     

    Sign up for a two week free trial now and be in the contest today!

     

    Cheers,

     

    DTRBrian

  • 2 O'clock Daily Recap

    daytraderockstar post

    posted by daytraderockstar

    Jun 16, 2011 2:00 pm

    2 O'clock Daily Recap for 6/16/11

    - SNI about to get stopped out @ 44.83 100 shares -2.00
    - Limping into WHR 40 @ 74.93 Long swing
    - Added MCO short 50 Total 150 @ 38.24
    - Sold AOL 20.97 300 shares + .80
    - Back in MCO short lighter 100 @ 38.27
    - Bought FTNT 200 @ 23.27
    - Sold ILMN 200 @ 71.20 -.14
    - Covered MCO 38.15 200 Shares +.84
    - Bought ILMN 200 @ 71.34 scalp
    - Sold CHK 400 @ 28.62 -.30
    - took es off -.25
    - currently short 1 es with stop 1268.50
    - Back in AOL 300 @ 20.16 Swing Trade
    - Short MCO 200 @ 38.99 stop at recent higher
    - Sold KR 200 @ 24.15 +.66

     

    Don't forget that DayTradingRadio is on Twitter and Facebook.  Follow and be a fan and you can get your stock questions and song requests in here if you can't be in the chatroom.  Enjoy!!

  • Special Guest Inteview Tomorrow with Jeffery A. Hirsh, Editor in Chief and President of Stock Trader's Almanac

    daytraderockstar post

    posted by daytraderockstar

    Jun 16, 2011 11:37 am

    Jeffrey A. Hirsch will be joining DayTraderRockStar in the office tomorrow for a special interview.  Get any questions you may have in to dtrs@daytradingradio.com.  Questions can also be asked in the chatroom during the interview.

    Here's a little background info about Jeffrey:

    JEFFREY A. HIRSCH is editor-in-chief of the Stock Trader's Almanac and Almanac Investor newsletter. He started with the Hirsch Organization in 1990 as a market analyst and historian under the mentorship of his father Yale Hirsch. He regularly appears on major news networks such as CNBC, CNN and Bloomberg. As well as writing numerous financial columns and is widely quoted in all of the major newspapers and financial publications.

    Check out more information about the Stock Trader's Almanac 2011 here.

  • 2 O'clock Daily Recap

    daytraderockstar post

    posted by daytraderockstar

    Jun 15, 2011 1:58 pm

    2 O'clock Daily Recap for 6/15/11

    - Bought YHOO 400 @ 14.86 Long term Swing Volume and possible reversal candle playing out
    - Bought SWY 50 @ 22.19 added to Position total 100
    - out -.50
    - Long 1 es 1266.75 2 point stop
    - out -2
    - 1272.75 short 1 es 2 point stop

     

    Don't forget that DayTradingRadio is on Twitter and Facebook.  Follow and be a fan and you can get your stock questions and song requests in here if you can't be in the chatroom.  Enjoy!!

  • Announcement for Members Attending the Dallas Tradeshow

    daytraderockstar post

    posted by daytraderockstar

    Jun 15, 2011 9:45 am

    Message from member ProlongWealth:

    I will be hosting a DTRS get together on Thursday, Jun 16th at 5:00pm for anyone in the DTRS family or interested in being DTRS members. My twitter ID is @ProlongWealth and anyone can get a hold of me here if they need to find me or ask questions.  I plan on being near the Registration Desk at 5:00pm and then at 5:30pm walk over to the Five Sixty by Wolfgang Puck at the top of Reunion Tower which is the most recognizable landmark in Dallas for Drinks and appetizers. 

    Please share this with your members..

    Charlie
    @ProlongWealth

  • Tech Talk Live 9PM - Backups

    RPM post

    posted by RPM

    Jun 14, 2011 3:41 pm

    Join us tonight for a Tech Talk Live. Tonight's show all about backup solutions. Onsite and remote solutions. If you have any you like and would like to share with us let us know tonight.

    See you tonight! 9PM

    @rpm

  • 2 O'clock Daily Recap

    daytraderockstar post

    posted by daytraderockstar

    Jun 14, 2011 2:10 pm

    2 O'clock Daily Recap for 6/14/11

    - Added 100 SPLS @ 15.19
    - Bought SPLS 300 @ 15.12 higher risk trade off lower trend line, not looking for much .50 going to keep a stop on it at recent lows
    - Sold AOL 200 @ 20.19 + .82
    - Bought RHI 200 @ 26.00 first position Swing Trade 1.00 stop

     

     

    Don't forget that DayTradingRadio is on Twitter and Facebook.  Follow and be a fan and you can get your stock questions and song requests in here if you can't be in the chatroom.  Enjoy!!

  • 2 O'clock Daily Recap

    daytraderockstar post

    posted by daytraderockstar

    Jun 13, 2011 1:56 pm

    2 O'clock Daily Recap for 6/13/10

    - Bought SWY 50 @ 22.17 back in this position small scale in to start
    - Sold es +1.25 1261.75
    - Long 1 es 1260.50 2 point stop
    - Starting to scale in on MMM holding relative strength Bought 100 @ 91.61
    - Stopped out of BRFS 15.60 -3.37 all out
    - Sold VRSN 200 @ 33.09 -1.81
    - Adding FDX 20 @ 85.54 total 100 shares
    - stopped out es 1268 -2.75
    - Long 1 es 1270.75
    - Covered 2 es @ 1267.75 +1.00
    - Short 2 es @ 1268.75 stop 2 points

  • DayTraderRockStar's Manifesto

    daytraderockstar post

    posted by daytraderockstar

    Jun 13, 2011 12:06 am

     

    I wanted to send this out to really set in stone my trading philosophy here on Daytradingradio.com, to review my methodology and to lay out for you the future plans of the site. To do this I have to go back to the beginning and the incarnation of DTR.  Even though I have been trading actively since 1993, I have never traded for anyone other then myself and family.  I saw trading as a path to living my dreams which at the time was pretty simple, live on a beach, fish and trade.  I came from your average middle class suburban family where both parents worked.  My mom as was a waitress and my father was a laborer.  They wanted me to go to college, get a good job, work hard and retire with little to worry about.  I tried to follow that path by going to college for a couple years with no direction.  It wasn't even a college I got to go away to, it was more like summer school.  Big drag I was gypped out of my college experience but then I got a job at the great United States Postal Service!  As far as everyone was concerned I was set, Mother was happy and Father was proud.  I had a secure job with great benefits and a pension when I retired. 

    There were about 25 people who worked at the post office and it seemed all of them were miserable.  I just wanted to get through the day and go fishing.  About five years in it hit me, how was I going to be able to work here for 30 years?  I was surrounded by workers that had already been there for 25 years or more and they still had another 5 years to go in most cases. Here's where it gets depressing.  Within the next year and a half 4 coworkers passed away due to some cancer or sickness.  I was starting to see the value of time spent on this earth and a seed was planted in me.  At that time I made my decision that I would not be at the post office for very long.  This was not the path I wanted.  At the same time I was really involved in Martial Arts and opened a school in my town.  I was introduced by my teacher to one of his close friends and fellow instructors, Virgil.  I ended up studying under him and becoming good friends.  I came to find out that Virgil was a stock trader and I was fascinated that he could make money trading. That was the beginning of my new journey. 

    Now a journey has many paths and I decided mine was going to be one as a trader.  There were a lot of pit falls and learning experiences along the way.  But trading is a journey of self awareness and it would enable me to have the freedom I wanted.  I would no longer have to spend the next 30 years wishing my day was over so I could get off of work.  Trading is a battle to overcome shortcomings in all of us.  Greed, confidence and discipline are the 3 hardest characteristics to master when trading.  Trading is a solitary journey for the most part, as it is very rare to find someone who understands your dreams or dedication. 

    The markets are and will always be stacked against you.   Why did I just come out and say that?  Because human nature makes it that way.  The markets are set up so that the majority loses and minority wins.  Who is the majority?  The novice trader and the thousands of traders that came before you and made the same mistakes over and over.   These novice traders sell into support and buy into resistance and the smart traders profit from them.  Who are the smart traders, the majority? The market makers and the specialists.  They have consistently made money since the market was created. So why are they so successful?     

    They are successful because they trade opposite the crowd.  They are always on the other side of the orders.  When you buy, they are selling to you.  When you sell, they are buying your shares.  They know what you are going to do next.  How?  Because human psychology doesn't change.  

    I have a saying I say on the radio every so often "Money has Patience".  This is the other main reason most traders lose money in the markets and one of the reasons I am writing this today.  You have to be patient.  I feel the lure of easy money in the markets is very overwhelming. But for most people they trade way over there risk tolerance and with too little capital.  What I mean by too little capital is all relative.  It's ok to trade with $5,000 ($10,000 margin) but it's not going to work out when you are buying 200-300 shares of a $30 dollar stock.  You might think how am I going to make money just trading 30 -40 shares?  Let me get to the point: you have to have realistic goals and a systematic approach to trading along with patience.  Most of all you have to stick to those rules the best that you can.  You can call that money management. 

    The market has many variables that can cause it to go up and down, these are brought to light mostly in the media where anyone basically can get on TV and make a market call.  You see an analyst on one day with an upgrade and major buy call and three days later you see another come out on the opposite side of the call.  Is there anyone you can trust in the markets?  I think you know the answer to that.  It's always been said that losing money is just part of being a successful trader.  It is weird to see the word losing and successful in the same sentence but it is true.  It is impossible to avoid losses while trading the market.  It's hard to watch a stock move in the wrong direction of the desired trade.  Emotions will run wild.  The more money involved the more sweat you will loose. 

    So how do we prevent loosing money?   By having a strict set of rules and mastering your inner discipline.  Have a plan and stick to the plan as best as you can.  Don't trade over your pain threshold.  That last part "Pain Threshold" is most important to me and let me stress why, pain is the root of so many emotions, pain in trading might not be physical (but I think we all know it definitely could tear up your insides a bit).  Pain is the mental anguish of losing more money then you planned to.  If we can somehow control the root of the pain which = the amount of money, then the pain diminishes.  TRADE WITH SMALLER AMOUNTS.

    Now let's get up to date on what's been going on. 

    The market as of Friday has been in a quick 2 week pull back, overall sentiment has been extremely negative and stochastic are oversold both on the daily and on the 60 minute chart. We are on the lower channel line (possible breakdown on Friday).  If I tell you I am convinced that we are going lower then I will fall right in line with the majority and we just discussed earlier that history has proven the majority wrong more often then right.

     

     Something I recommend that can improve your trading is being on the right side of the trend.  I have been asked by some people why I haven't initiated shorts in the last week or why I don't take more shorts in the market.  The reversal on June 1st was unexpected for me and before that I had multiple shorts on the watch list.  I was short LULU, MCO, EBAY, and ANF was called a short among others, along with RIMM. One thing for sure I needed to bring more shorts to the table even if I don't take them.  I will do that in the future. 

    As we come into next week I will be scaling back on position size until there is a direction off this lower channel line.  At the same time I will be sticking to my methodology trading High Probability Setups.  I made my living buying quality stocks on pull backs. I had a question on Friday that if the market continues to drop does this methodology continues to be profitable? Well the toughest part of trading is the chop and the changing of the trend.  If you can recognize this fast then it's game on.  I want to have a trending market and if not I will cut back on my trading drastically.  But back to the question, last year we defiantly had some pullbacks and some chop in June and July as shown below 

     

    The following chart below breaks down my 2010 monthly performance.  May was inspiring because I was able to feel some of the uneasiness in the market and liquidated most of my positions before the Flash Crash.  I know a lot of members remember that day and followed suit and are probably around today because of it.  But that turned out to be one of the best opportunities in the market.  So you can see the major pull backs in 2010 were profitable.  But as a trader in the spotlight you're only as good as your last trade.  And the markets are filled with unexpected pitfalls (political, environmental, and economical).  We are seeing them all this year.  

     

     

     

    And below is Year to Date through May 2011

     

    http://www.daytradingradio.com/pages/dtrportfolio

     

    Trading in this environment is fine, most traders like the volatility.  But you need to have an air tight methodology.  Remember the markets trade to their extreme levels.  What do I mean by that?  Well take for example fictional stock "ABC".  ABC has been trading in a channel for 4 months between 23.00 and 36.00.  "The" Trading Book will tell you this is bullish and it is consolidating before heading higher and to buy on the break out.  You see the stock slowly squeeze closer to its break out point; human nature has programmed us to try to anticipate the move so 50% of our test traders initiate a position before the breakout. The stock triggers a few ticks above the channel high and another 20% chase the break out and take positions. What happens then is what is called a false break out.  This happens more and more in today's market. And it preys on novice traders who buy on the extreme end of a move because in reality that is what this is.  Same theory applies to the downside.  Whenever you have a line defined as support and resistance "the market" knows that it is a feeding ground for stops.  So what does this mean for me?  I first want to take the risk off the table on each trade so ideally I don't want to buy a break out unless it is a big institutionally followed stock like PG, or IBM, ECT.  But I also want to be very nimble and quick on taking profits.  I want to slowly scale in when a stock has a pull back to a defined support area, but because I know this is an area of interest I need to understand this area could break down short term. The first scale in entry is very important for me.  It needs to be small enough that you can give your trade some breathing room.  The markets are a casino it's just the way it is. Tell me one thing you can count on in the markets these days. You can have a great fundamentally sound company raking in the cash yet it will get punished because an analyst thinks it's overvalued.   Two days later another analyst comes out with a totally opposite call. I'll break it down a bit more...

    This market is no longer an investors market but a trader's playground where fundamentals play less and less of a part.  You might think the analogy between the markets and the casino is wrong but there is a single factor that links them both. To be successful in either you need to wait for the best hand available to bet (trade). 

    So the key understands your risk.  When I take a position I want most of the risk out of the trade and in order for that to happen I need to be at the extreme end of its trading range.  I also want to have a recognizable range or pattern that I can gauge this range off of and I want to have my indicators in an oversold position or crossing back into a positive position.  I also need to be able to scale into a position so that just in case I am wrong I am not in a precarious situation and I will be able to ride the trade out.  You never want to be out of bullets.  Forget what you have learned reading trading books.  Here's where I get the hate mail: beware of the 2% rule or any rule that defines an exact number for taking a loss 2%- 5% is ridiculous.  I do believe in money management, but I believe more in scaling in when everyone else is getting taken out.  But even that comes with its risks and again the books will tell you to never add to a losing position.  But again the books were written by a few who were authors who read other trading books that were written by other authors that read trading books by some ball room dancer or retired baseball player.   Don't take that last sentence too serious, I just wanted to lighten things up a bit. The key to my money management is not being over exposed in any one position period.  And that's where there is a disconnect on the site. I take a position in FDX with an average price of 87.68 and it drops to 85.  That's close to a 3% move downward, but only a loss of $-214.40 because I am scaling in (I have 80 shares).  Now people see my entry and take a position of a few hundred shares.  It moves down and they are sweating. I see it happen over and over.  It makes me look bad because I am holding the stock and adding to it but they don't take into consideration the overall picture and the stress of the trade.  Stress of the Trade is a big (huge) factor in my trading style. Here are some of the rules I "try" to adhere to: 

    The first is position sizing.  This chart gives you an idea on how I like to position myself.  This is not a rule but a guide. This is not set in stone and I find myself stepping outside these boundaries on occasions mostly due to market conditions, but in some cases over lack of discipline.

     

    * When entering a position for the first time in a pull back phase scale back on your entry size to half positions or even quarters.

    * Personally, I keep a mental stop based on market conditions and size of each position "stress test".  If I feel I have a high probability set up based on my supporting indicators I will let the stock have some wiggle room and add some time to the trade. The odds are in my favor that the market will consistently move back to its mean average and in this case I use the 20 EMA.

    * I like to enter my stocks as they are extended away from the mean average.  The mean average is calculated by taking the closing prices and dividing by 20 in this case. This basically gives you the 20 SMA.  Exponential Moving Averages reduce the lag by applying more weight to recent prices relative to older prices.  In order to reduce the lag in simple moving averages, technicians often use EMAs and so do I.

    I pay attention to technical level on both the daily and 60 minute S&P cash to determine my risk.

    The meat of the methodology is called "High probability Set Ups"

    This is determined by a set of 5 indicators

    1. Price on or near a confirmed trend line

    2. Price on or near a moving average (20, 50,200 EMA)

    3. Is there a recognizable pattern 

    1. Wedge

    2. Channel

    3. Inverted Head and Shoulders

    4. Trend Line Breakout Retracement

    5. Positive Stochastic Divergence

    6. Double Bottom

    4. Previous Short term resistance or support

    5. Reversal candle Sticks

    Now this is just a review as I discuss this each day on the show but here is a webinar I did that goes into more detail http://www.youtube.com/watch?v=UqHfWJ0zazM

    One last key ingredient is market sentiment.

    My method works on lining up the best scenario for a bounce in a trending market taking quality stocks as they retrace or bounce.  In a confirmed bear market you would want to take the opposite side of the trade, just reverse the 5 indicators to 

    1. Upward Channels lines (Upper Trend Lines)

    2. Trading up to a Moving Average

    3. Recognizable Patterns

      1. Rising Wedges

    2. Channels

    3. Head and Shoulders

    4. Negative Stochastic Divergences

    5. Double Tops

     I want to talk more about the future of the site and look forward to the next chapter. You probably know by now I have been working on the next version of Daytradingradio.com and I couldn't be more excited looking back at the evolution of the site.  We grew from a few members to one of, if not the largest, live online stock market shows today.  The show is viewed and listened to all over the world.  I always had an interest in broadcasting and as a hobby ran my own clandestine pirate radio station in NY. I moved to Florida again when my son was born, and was forced to shut down the pirate radio station due to stricter penalties in FL compared to NY.  But because I was a trader and sitting in front of the computer all day I started researching how to stream audio on the internet. I thought it would be great to continue to broadcast down in Florida while I traded.  I started out with a couple corny You Tube videos and built a web site to call home. Funny that DayTradingRadio.com was available looking back at it today.  Over time the site grew and formed a following and I found myself dedicated to my new project.  I never expected the site to grow as it did, but I just continued to dedicate my time to it. Soon traders started sending me donations for the work I was doing. I had more then one listener in the Middle East that would send me weekly donations and others asking me why I was doing this for free.  Well eventually I realized the value of what I had here, but still didn't want to charge for something I was so passionate about.  I decided to charge a nominal fee for my 10 for 100 Watch List and a members section and leave the general broadcast free.  That's how it stands today 4 years later. 

     I wanted to share some of the stats with you for just this year compared to last year.  The numbers in bold is from Jan 01-June 01, 2011 (6 months) and the previous lower number is Jan01 to June 01, 2010

     

    Now I am the last person to really dig into numbers, I just don't have time for that.  But I wanted to share the above numbers with you as a bench mark: a time stamped in history as we move forward.  One thing that stands above and beyond everything on this site is its members. There are real rockstar traders here.  People who help new traders find there groove, teach them the ropes, answer questions take time out to give something back to the community.  For that I am tremendously grateful for without those people this site would be a shadow of itself.  For the members who use the chat room you feel a belonging there, something I haven't seen anywhere else.  The Elite traders stand out and make themselves known. There are no attitudes, no boasting, no badmouthing, just team work. 

    When I started the site, it was out of passion for trading, wanting to share a journey and wanting to inspire people to take a chance on themselves.  Sometimes I think we do that because that's what we want deep inside: to be inspired and to be motivated.  I think the site has done that.  But I also think I have taken it to a point where it has grown as much as it can with just me at the helm.  There are too many great traders associated with this site to not bring them into the spotlight. So for the next version of DTR I will be recruiting the standout traders. 

    There will also be an:

    Options Section (managed by and Options Specialist)

    E-mini Section and other futures (managed by ES Specialist)

    An elite trader box separating the trades and research of specialized traders

    There will be a Morning Focus Watch List and Market Barometer

    Possible Forex Section (Managed by a FX Specialist)

    Another issue I will be addressing is the portfolio.  When I started the site I really didn't know the direction and it was pretty much a daily account of my trading and weekly research the 10 for 1000 watch list. The watch list will stay as it is a tremendous value.  I spend over 14 hours a week doing research 4 times a month and outline High probability Setups for the upcoming week.  That time is worth 10 times the amount that member's pay which is $29.00/month or less. 

    A new account was just opened with Speedtrader and this is something that should have been done on the last revision as I currently trade my own accounts (165K) and (35K).  My accounts include 2 IRA's and even when I bought a position for an IRA I disclosed it on the site and recorded it in the portfolio tracker.  But there is no real separation on the site for different accounts and it has been a point of confusion and frustration.  I want to solve that with the new site revisions.  I started this site over four years ago with the intentions of documenting my research and trading style.  I felt that the research and methodology was the real value behind it all and I still do. Being prepared for each day was key to my success and it will be for you. The most important thing I have learned is that each trader is different and we all have different personalities.   We have been molded throughout our lives by our experiences.  Some are more disciplined then others some have more patience. Some can handle stress and some can't.  But when it comes to trading there has to be common denominator to keep us all making money.  If we all started with equal capital it would be easy, but that's not the case and this is were problems can happen.  A trader well capitalized can flow with the market waves easier then a trader that is trading with his or her rent money. 

    A couple final notes:  The summer months tend to be choppy and sideways.  We could be on the verge or a bigger pullback, but I am not convinced of that yet.  But I do know that June and July have been historically slow months for me.  So where do we stand?  Well the market has given us a quick 2 week pull back.  But the negativity in the markets is at an extreme level and the financial sector (The Banks) are the key to this market going up.  If there is any good news on the horizon this will be a big positive for the markets.  Until then sideways chop at the best.  If there is any hint of more bad news, then I will do what I did last May and take a lot off the table and do more scalping with shorter time frame trades.

    My realized gains from Jan 2011 through May 2011 are currently $27,057.  If I  close out most of my positions this week I would take an estimated loss of $11,000-$13,000.  I would not sell anything in IRA's at this point as I firmly believe markets will make new highs later this year.  But this scenario hasn't played out yet.

    On DTR every burp, trade, fart, loss and gain is recorded and available for public viewing real time, this is something I always have done.  There will always be people questioning my trading style, saying that I hold too many positions and in some cases don't take all the trades. This usually comes from people who traded above there means and blew there account up.  I am a small fish nibbling away at the markets.  There are traders on the site that take 1 position as big as both of my accounts.   If you see me start trading over my means then start asking questions. Until then start a site dedicate 10 hours a day and 14 hours a weekend educating traders, also put out 444 videos, grandfather all the original members in at there expensive rate of 14.99 a month or 24.99 a month.   Remember, the advice I give on DTR is for guidance only.  Traders are responsible for their own trades.  

    Back to the Rockstar Traders, Dac and I have been monitoring traders in the room the last couple months and we are in the process of determining who will make the best fit for the site. This is where you the members come in.  By all means share your thoughts with me let me know who you would like to see on the site in the spotlight.  Email me at DTRS@daytradingradio.com. This will be a major change for DTR but I think we are ready for it. 

    I think I touched on most everything I wanted to this weekend. This site is nothing without its members and team there are so many people to thank along this journey. The problem is I would hate to leave one person out. So if you dedicated your time and energy to making this site what it is today I thank you and better yet you will not be forgotten as the site grows. 

    PS I need to Thank RPM this guy is the backbone to the site, and deserves to be recognized for that!!!!

    and Mrland for his constant dedication to bringing me the news on his own time

     

    DayTraderRockStar

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

  • The 10 for 1000 Watch List for Week of June 13th

    daytraderockstar post

    posted by daytraderockstar

    Jun 12, 2011 11:06 pm

    Tonight watch list is late I am sorry. I felt this week ahead to be a very pivotal one, So i wanted to concentrate on the S&P and a broad selection of stocks and how they are set up to react with the markets. This is instead of a list of stock to be triggered based on technicals. There is a time in the markets where signal start getting crossed and indicators don't hold water. We are testing those areas now, The markets have been very organized up till June 1st then we saw a quick reversal. We dropped back down to an area where there are a multitude of support catalyst and we have Options expiration. And to top everything off there is a noticeable  disconnect between the $VIX and the $SPX (S&P 500). My gameplan is to cut back on shares drastically until charts plays out a bit more. Until the financials get back in favor in terms of price action I will scale back on positions. Tomorrow and Tuesday should be telling. 

     

    You can View Watch List Here http://daytradingradio.com/10for1000

  • From This Week's Barron's Time to Buy Banks?

    daytraderockstar post

    posted by daytraderockstar

    Jun 12, 2011 3:44 pm

    U.S. Financials: Time to Hit the Books

    or time to sell?

     

    Some of the country's most storied investment banks are trading at or below book value, and skittish investors would do well to take another look at their shares.

    Prior to the mid-1980s, when big investment banks like Morgan Stanley and Goldman Sachs were lucrative private partnerships, only privileged employees were entitled to purchase their equity at book value.

    Now, given the broad, recent selloff in the sector, anyone can buy shares of leading U.S. financial companies near book value or a discount from book. Bank of America, Citigroup, JPMorgan Chase and Morgan Stanley trade below book, or shareholder equity per share, while Goldman Sachs and Wells Fargo are at small premiums to book.

    It frequently pays to buy profitable financial companies at these levels, because book indicates liquidation ...

    Barron's Article Here you need an Barron's Subscription to read it online though

     

    Well there it is! The mention of book value that I been expected to be thrown around here sooner or later in the banking sector.Does this warrant a bounce in the $XLF  or bank stocks in general. I personally have slowly bought GS in 50 share clips over last few months in 2 of my Iras and I am stuck in a position 100 shares that i went against my rule of holding into earnings back in January, and then continued to get hit and dragged down with the entire banking sector Currently GS is my biggest loss to date. I was close to my thresh hold on Friday with the banks and I really doubt this will be the catalyst I've been looking for. 

    Book Value is something that sounds good and looks good on paper, but there is really do definite way to  measure the book value when Banks are not required to accurately report there holding and losses

    And who really determines the value of their assets? The banks themselves?

    Do banks really have an idea on what bad loans they are holding..  does anyone know anything anymore.

    I liked it a lot better when book value was the total value of the company's assets that shareholders would theoretically receive if a company were liquidated. These Companies don't know what their liabilities are so how can we determine book value. It's all a BIG SCAM

    I am starting to feel jaded here, and I am about to add banks along with the Chinese Stocks under the do not trade category.

    DTRS

     

     

     

     


     

     

     

     

  • 2 O'clock Daily Recap

    daytraderockstar post

    posted by daytraderockstar

    Jun 10, 2011 2:00 pm

    2 O'clock Daily Recap for 6/10/11

    - Sold TER 300 @ 14.13 -.60
    - Bought AOL 200 @ 19.37 Back in First position
    - Added to C swing 50 @ 37.06 150 total
    - Out es -2
    - Sold C Scalp 37.06 -.30
    - Long 1 es 1269.50
    - Scalp C 400 @ 37.36
    - Sold ECA 200 @ 32.72 -.75
    - Taking SNE off 300 @ 25.23 -1.74
    - stopped out ES  -2
    - Long 1275.50 1 car stop 1273.50
    - Sold 1 es +.75
    - Long 1 es @ 1276.75 stop 1274.75

     

     

    Get DayTraderRockStar's trades in real time and many other great benefits (no ads during startup) when you sign up for a two week FREE TRIAL of DayTradingRadio.  Sign up here

  • S & P Cash Close Contest for Friday 6-10-11

    daytraderockstar post

    posted by daytraderockstar

    Jun 09, 2011 3:03 pm

    Get your Cash Close Contest guess in by 10 am EST Friday 6/10/11, for your chance to win a spin of the DTR Prize Wheel.  Members only.

    Enter your guess here.

    Prizes include cash, computer monitors and free subscriptions to DayTradingRadio.com!!

     

    Sign up for a two week free trial now and be in the contest today!

     

    Cheers,

     

    DTRBrian

  • Trader Spotlight LIVE Jesse 9PM

    RPM post

    posted by RPM

    Jun 09, 2011 2:13 pm

    Join us tonight for a live interview with Jesse from SpeedTrader.com . Jesse is a cool cat and great to talk to. Not to mention works for a pretty darn good broker. We will be talking all about that tonight at 9PM.

    see you tonight!

    @rpm

  • 2 O'clock Daily Recap

    daytraderockstar post

    posted by daytraderockstar

    Jun 09, 2011 2:09 pm

    2 O'clock Daily Recap for 6/9/11

    - Covered 1 es just not feeling the short today -1.25
    - Short 1 es @ 1285.50 2 point stop
    - Bought TER 300 @ 14.73 Oversold Weekly and Daily looks great
    - Bought APH 150 @ 51.50 added to Position 200 Total
    - Sold SWY 300 @ 22.70 + .54
    - Bought C 100 @ 37.39 First position
    - Bought MU 500 @ 8.55 First position

     

    Get DayTraderRockStar's trades in real time and many other great benefits (no ads during startup) when you sign up for a two week FREE TRIAL of DayTradingRadio.  Sign up here

  • 2 O'clock Daily Recap

    daytraderockstar post

    posted by daytraderockstar

    Jun 08, 2011 1:59 pm

    2 O'clock Daily Recap for 6/8/11

    - Sold 1 ES 1283.75 +1.00
    - Long 1 ES 1282.75
    - Bought FDX 20 @ 86.41 added to Position 80 Shares Total
    - Sold 1 ES 1284 + 1.75
    - Bought ES 1282.25 2 point stop

     

    Get DayTraderRockStar's trades in real time and many other great benefits (no ads during startup) when you sign up for a two week FREE TRIAL of DayTradingRadio.  Sign up here

  • New Way to Watch DayTradingRadio on Your iPhone/iPod/iPad

    daytraderockstar post

    posted by daytraderockstar

    Jun 08, 2011 10:05 am

    Thanks to Infovestment.tv, you can now listen to Daytradingradio.com on your iPhone/iPod/iPad.  Just visit the appstore and download the player and you'll be good to go. You can download it here

    Here's a little background on Infovestment.tv:

    Infovestment provides you with your own personal edition of financial TV. It combines direct access to Market and Twitter News tickers tapes as well as basic price information for global indexes, commodities and currencies AND at the same time you pick and choose from the a wide variety of videos and live streams that provide you with the exact information you are looking for. 

    No more waiting through 18 minutes of commercial breaks for every hour you watch financial news on cable TV. Make your own programming.

    While there may be many apps that include similar features, Infovestment TV is the first app to allow you to watch video, ticker tape and price information simultaneously.

     

     

  • RPM's Tech Talk Live - Tonight 9PM EST

    RPM post

    posted by RPM

    Jun 07, 2011 7:38 pm

    Tech Talk Live : Hack3rz hack3rzs and more hac3rz, trojans, bots, botnets and all the goodies that try to ruin the internet and everything on it. CALL ME tonight with your worm and trojan stories, idenity theft and all that. let's hear it!!

    9PM 

    @rpm

  • 2 O'clock Daily Recap

    daytraderockstar post

    posted by daytraderockstar

    Jun 07, 2011 1:57 pm

    2 O'clock Daily Recap for 6/7/11

    - Bought a total of 300 FTNT cost ave price @ 23.76 In a new account that will be featured on new site there is tracker on current site
    - Bought KR 100 @ 23.48 added to Position 200 shares total
    - Covered 1 Es 1292.50 + 1.25
    - short 1 es 1293.75 2 point stop

     

    Get DayTraderRockStar's trades in real time and many other great benefits (no ads during startup) when you sign up for a two week FREE TRIAL of DayTradingRadio.  Sign up here

  • NUAN Possible play today

    daytraderockstar post

    posted by daytraderockstar

    Jun 06, 2011 9:01 am

    As NUAN ( Nuance) is a publicly traded we could see some action if this prediction comes true from Mashable

     World Wide Developers' Conference in San Francisco, which starts at 1 p.m. ET.

    From Mashable.com

    In April 2010, Apple acquired Siri, an artificial intelligence technology that turns your iPhone into a personal assistant. Voice inquiries are quickly turned into mapping directions, restaurant reservations and movie reviews. The technology was born from the CALO project, the largest artificial intelligence project in U.S. history.

    At the same time, Apple is rumored to be working on a licensing deal with Nuance, which provides some of the most powerful speech recognition technology on the market. Siri uses Nuance technology already.

    With a deeper integration in iOS 5 though, Siri and Nuance could transform the iPhone from a mobile computer to a smart device with the capability to assisting you in almost any situation. Chat with your iPhone, and it comes back with the exact answer to your question or hooks you up with a list of sushi restaurants to visit on your next business trip.

    It may not be long until you start talking to your phone like you would your best friend.

    Nuance Communications Inc. 

    (Public, NASDAQ:NUAN)

     

  • 10 for 1000 Watch List Released for this week

    daytraderockstar post

    posted by daytraderockstar

    Jun 03, 2011 10:53 pm

    Well guess who is still at office? I wanted to get working early this weekend to keep everything that happened this week in the markets fresh in my mind. The video consist of what could look like more downside early next week then a nice bounce possible mid day reversal..The Watch list this week I consider one of my finest to date. The watch list doesn't concentrate on targets at all this week, but carefully maps out further bull back buys area's. This week will try to program my platform to buy on the pullback triggers, The key to next week is planning it out in advance, When you are not as focused as you could be, then you will not benefit as much as you could of. Each trade will be scaled into with smaller position size, but I will be taking more positions. I also will update everyone before market opens on Monday.

     

    Enjoy the Weekend..  We work hard next week

    Opportunities are coming next week

    DayTraderRockStar

     

    You Can View Video here http://daytradingradio.com/10for1000

  • S & P Cash Close Contest for Friday 6-3-11

    daytraderockstar post

    posted by daytraderockstar

    Jun 03, 2011 7:42 am

    Get your Cash Close Contest guess in by 10 am EST Friday 6/3/11, for your chance to win a spin of the DTR Prize Wheel.  Members only.

    Enter your guess here.

    Prizes include cash, computer monitors and free subscriptions to DayTradingRadio.com!!

     

    Sign up for a two week free trial now and be in the contest today!

     

    Cheers,

     

    DTRBrian

  • Trader Spotlight LIVE Just4girls 9PM

    RPM post

    posted by RPM

    Jun 02, 2011 4:17 pm

    Join us tonight for a trader spotlight @ 9PM eastern Just4Girls on camera!

    see you tonight!

    @rpm

  • S & P Cash Close Contest for Friday 6-3-11

    daytraderockstar post

    posted by daytraderockstar

    Jun 02, 2011 2:58 pm

    Get your Cash Close Contest guess in by 10 am EST Friday 6/3/11, for your chance to win a spin of the DTR Prize Wheel.  Members only.

    Enter your guess here.

    Prizes include cash, computer monitors and free subscriptions to DayTradingRadio.com!!

     

    Sign up for a two week free trial now and be in the contest today!

     

    Cheers,

     

    DTRBrian

  • 2 O'clock Daily Recap

    daytraderockstar post

    posted by daytraderockstar

    Jun 02, 2011 2:00 pm

    2 O'clock Daily Recap for 6/2/11

    - Sold MMM 200 @ 91.74 +.50
    - Bought MMM 200 @ 91.24 first position
    - out 1 es -3
    - Bought 1 es 1308.75 3 point stop
    - Bought VRSN first position 200 @ 34.90
    - Sold VZ 300 @ 36.02 -1.51

  • Special Interview Guest: Andrew Wlos from Infinity Futures

    daytraderockstar post

    posted by daytraderockstar

    Jun 01, 2011 3:03 pm

    Today at 12pm EST, Andrew Wlos, from Infinity Futures, will be joining DayTraderRockStar and will be discussing futures trading.  Any questions can be emailed to dtrs@daytradingradio.com or tweeted to @daytradingradio during the interview.  

     

  • 2 O'clock Daily Recap

    daytraderockstar post

    posted by daytraderockstar

    Jun 01, 2011 1:57 pm

    2 O'clock Daily Recap for 6/1/11

    - Bought JPM 300 @ 42.02 Possible scalp like the banks on this pullback WFC also back to lower channel line
    - Sold 1 ES -.25 waiting for lower trend line
    - Bought 1 es 1324.50 first position
    - Sold NOK 1000 @ 6.81 +.40
    - Sold RHI 400 @ 26.96 -2.01
    - Bought 100 SNE @ 26.81 300 total
    - Sold PLL 300 @ 56.14 + 1.46
    - Bought NCR 100 @ 19.55 added to Position 300 Total
    - Bought NOK 1000 @ 6.41 Premarket

     

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