Friday, June 5, 2009

The Pre-Cap Friday 4:12PM


Lets walk through the day we told members to buy using a Mkt order if the Jobs came bullish
The morning Oil blew through $70 and took my $70.25 offer before I could get another order
ready. That was nearly a thousand for me and I heard from two other members one pulled $550
another $750 -Both traders were heady and took advantage of an obvious situation that  we 
sometimes get "The free money trade" which is of course hardly free thinking of everything you have to do just to be in position to take an easy trade. 
  After that we redrew the chart Oil ranged between 67.xx-69.42 the rest of the day. I told members who asked to sell in the 69 and buy in the 68 and for a while we made a small fortune
buying at 68.4x and Selling at 69.1x  Seven round trips for a quarter sometimes a half
there were two stop out for a loss of $$500 and one typo error that must be contagious as a member was complaining about these woes and I might my first typing error in 9 months 
That had me Sell at 67.9x area instead of buy I scrambled and covered for $200+ loss
but also missed the buy entry which to me was the third homerun opportunity of the day.

I gave the membership a bearish bias several trading ranges which could be counted on for multiple turns and the gimme NFP trade from the AM. Overall I would say that is $30 dollars
well spent my totals with the miss not counting my secondary account were in excess of $1800
That is a good day. I make steady money If  have a gigantic account and stayed on my points 
you could have made much more. One new member has his account open but is paper trading exclusively until he grasps the TWS system and learns to take my cues to his advantage.
I say bravo to this and believe he will be successful when we finally take the shackles off.

Another unnamed but promising trader is going off the reservation a bit both trading more taking more risk and  suffering from the jitters stopping out of trades too early which is a recipe for disaster. 

To this trader  for scalping you either stay with me exclusively- If you come in and do not catch the first two or three roundtrips you may finally get on board for the stop out.
We have another new member today and would like to welcome Max to the group. Please let us start to comment more so everyone in the group can start to get feedback. The group is stronger together and I value every opinion.  And I would not  mind an endorsement or two if I am able to help you make money.  
I have been giving one on one over the phone help to several traders now and it is getting a little hectic we may have to charge a small fee if you need my services. There will be a priority to anyone who wishes to book my time. I can take your from setting up a discount trading account to trading philosophies to tailoring exactly how you would like me to help you.
Everyone who joins will find that my bias is nearly always correct that  is whether I am bearish or bullish. Also as promised I will give every member direct email pricing at least once daily.
Usually I will post twice a day. If you want further pricing you can always ask by email.
 I will answer emails chrgr06@yahoo.com as soon as I read them and I spend most of my time in the"war room" with my two soon to be three monitors with Bloomberg and CNBC constantly on.
 We have included the chart we find it interesting that it bounced almost directly off the pivot point I had set. This was an eventful day filled with opportunities and 
Have a great weekend




Prices for one on one advice $50 per hour



 $40 per month June 1 2009