Inside the UndergroundTrader.com Chatroom

10 Apr Inside the UndergroundTrader.com Chatroom

Many people have asked how the trading service works.  We seek to capture profits during the first 90 minute 'wet' climate every morning since that is when the most participants and momentum occurs every morning.  We post the watchlist at 9:15am est and then get into the action after the opening bell.  Members are given a 'cue' alert to ready them when a set-up is possible triggering, then a trading alert with recommended size and price, analysis during the trade and exit alerts with recommended exit sizes.  We aim to capture $500-$1000 a day on average sticking mostly to the wet climates on liquid stocks (no penny stocks!).

Below is  today's log that shows the process.

The Trading Pit Log April 10th, 2015


Log as of Fri, Apr 10, 10:52am ES
08:17 Jay   Morning traders
08:17 dealrunner   gmorning
08:17 Jay   MDCO, CTXS, GPS gaps down
08:20 davids   Good Morning Jea and traders. All are shortable at LS.
08:20 davids   HZNP on fast track news.
08:20 Jay   morning deal, ds, thanks
08:20 Jay   SBUX tading post 2 for 1 split
08:21 jeffreya   jea all good on TS
08:21 Jay   tx jeffrey
08:21 Jay   morning
08:25 davidcas   Good morning all
08:26 Jay   morning dc
08:26 beppe59   GM
08:27 Jay   morning beppe
08:29 Jay   WatchList: CTXS, MDCO, CTXS, GPS, TWTR, LVS
08:29 Jay   will review at 9:15am
08:41 dealrunner   highlight of the day: Cramer is off today
08:43 Jay   lol
08:43 Jay   https://www.tradingview.com/x/ZLoCcdQR/ <- MDCO, GPS, CTXS fib charts
08:51 dealrunner   J, you did MPEL and LVS also?
08:52 Jay   i put those up there
08:52 Jay   we totally missed the LVS daily pup and mini pup yesterday
08:53 Jay   just the charts to keep an eye on
08:55 Jay   lets get started
08:56 Jay   SPU broke thru daily MSH #2 yesterday 208.59
08:56 Jay   which caused the squeezed as the daily mini pup takes shape
08:56 Jay   the 60 min stochs is pretty lofty here
08:56 Jay   keep i nmind the next daily MSH #1 sits at 210.59
08:56 Jay   209.74 is the fib
08:57 Jay   208.59 if it gets a retest watch for bulls to try to hold it
08:57 Jay   factor in those +/- .20 coils
08:58 Jay   CTXS gap down this morning on earnings
08:58 Jay   61/14 fib, 63.29 fib,m 61.83 super fib, 60.81 fib, 59.79 super fib, 58.46 super fib
08:58 Jay   MDCO gap down on earnings
08:59 Jay   28.08 super fib, 27.33 fib, 26.68 fib, 25.94 fib, 24.49 fib
09:00 Jay   GPS 42.53 super fib, 42.14 super fib, 41.59 fib, 41.19 fib
09:00 Jay   MYL 70.11 super fib, 69 was big support yesterday 68.74 fib, 67.53/.45 super fib
09:01 Jay   LVS 60.24, 59.91 fibs 59.06 super fib
09:01 Jay   TWTR 52..94, 52.62 fibs
09:01 Jay   51.70s daily 5pd ma
09:02 Jay   ok gang, lets see how the open plays out
09:02 Jay   gonna be an early day
09:12 Jay   cue up 400 CTXS SHORT
09:12 Jay   TRADING ALERT: Conisder a SHORT CTXS - Always use a protective stop loss!
09:12 Jay   in at .90
09:14 Jay   TRADING ALERT: CTXS back to cash
09:14 Jay   out at .36
09:15 Jay   cue up 400 LONG
09:15 Jay   TRADING ALERT: Consdier a BUY CTXS - Always use a protective stop loss!
09:15 Jay   in at .75
09:16 Jay   TRADING ALERT: back to cash
09:16 Jay   out at .49
09:16 Jay   cue up 1k MYL SHORT
09:16 Jay   TRADING ALERT: Consdier a SHORT MYL - Always use a protective stop loss!
09:16 Jay   in at .20
09:17 Jay   TRADING ALERT: Consdier a SHORT MYL add 1k - Always use a protective stop loss!
09:17 Jay   in at 68.06
09:18 Jay   68.72 is fib
09:19 Jay   TRADING ALERT: MYL trim 1700
09:19 Jay   out at .78
09:19 Jay   300 left
09:19 Jay   TRADING ALERT: trim 200
09:19 Jay   out at .61
09:19 Jay   TRADING ALERT: LOCK OUT
09:19 Jay   out at .42
09:19 Jay   wow
09:19 Jay   wow
09:19 Jay   did u guy s hit that??
09:19 Jay   on the leans especially?
09:20 Jay   when that fib cracked wow
09:20 jeffreya   got it out at 82
09:20 Jay   wtg
09:20 davids   In .12 and .03, out .85 most, .48 and .42 thanks Jea.
09:20 Jay   great fiulls david!
09:20 dodge   wtg guys
09:20 Jay   that 60 min mini inv pup was the anchor
09:21 Jay   69 breaking showed this beat can blee
09:21 Jay   remember ho hard that 69 held uspport yesterday?
09:21 Jay   wow
09:21 rich7   rug pull or sub-standard flooring liquidation
09:23 Jay   lol rich
09:23 Jay   MDCO grinded to last pivot
09:24 Jay   SPY 15/5 min mini inv pup slips here
09:25 Jay   cue up 500 ALTR SHORT
09:25 Jay   TRADING ALERT: Consdier a SHORT ALTR - Always use a protective stop loss!
09:25 Jay   in at .96
09:27 Jay   needs to lean .88 for leans
09:30 Jay   cue up 400 mdco short
09:30 Jay   TRADING ALERT: Consdier a SHORT MDCO - Always use a protective stop loss!
09:30 Jay   in at .07
09:31 Jay   TRADING ALERT: ALTR back to cash - Always use a protective stop loss!
09:31 Jay   out at .07
09:31 Jay   TRADING ALERT: Consider a SHORT MDO add 500 - Always use a protective stop loss!
09:31 Jay   in at .97
09:31 Jay   TRADING ALERT: Consdier a SHORT MDCO add 500 - Always use a protective stop loss!
09:31 Jay   in at .86
09:32 Jay   1 min peaks off super fib
09:33 Jay   TRADING ALERT: MDCO trim 1300
09:33 Jay   out at .74
09:33 Jay   200 left
09:35 Jay   TRADING ALERT: MDCO LOCK OUT
09:35 Jay   out at .75
09:36 Jay   5 min MSI here .70 key break if still in dont lose 27.86
09:36 Jay   for that .70 break
09:36 Jay   wow ALTR.. good stops on that one
09:36 davids   In .10 .97 .87, out most .77 remainder .75, thanks Jea!
09:36 Jay   wtg ds
09:36 Jay   that 28.08 SUPER FIB
09:36 Jay   wsa the key
09:37 Jay   didnt think it would hit it but man o man that was a gift
09:38 Jay   very sharp trading this morning and avoiding landmines.. iw: MYL and ALTR especially
09:38 jeffreya   gotta run thanks Jea- See you all Monday.
09:39 Jay   take care jeffrey, have a great weekend
09:41 Jay   stalemate here on the SPY
09:41 Jay   STALE being the main word
09:42 gander   lnkd
09:42 gander   sorry
09:42 Jay   g :)
09:43 Jay   SPY 5 min crosesd back up
09:43 Jay   209.76 is next fib to watch on SPY
09:43 Jay   if it gets there
09:44 Jay   cue up 400 CTXS LONG
09:44 Jay   needs to get thru that 5min 5 tho
09:44 Jay   5min 5 is sloping down so it needs to get to 61.60s
09:45 Jay   or else 61.20s is the 15m in 5
09:45 Jay   TRADING ALERT: Consdier a BUY CTXS 61.60s - Always use a protective stop loss!
09:46 Jay   in at .59
09:46 Jay   TRADING ALERT: CTXS trim 300
09:46 Jay   out at .87
09:47 Jay   100 left testing super fib
09:47 davids   In .585, out all .87, thanks Jea.
09:47 Jay   nice
09:48 Jay   15 min has a mini pup if it can get 5min to cross up then a break super fib otherwise will watch out for 1 min MSH
09:48 Jay   but that 15min mini pup look nice
09:48 Jay   61.83 is super fib
09:48 Jay   TRADING ALERT: CTXS lock out the rest
09:48 Jay   out at 62.20
09:48 dealrunner   out =.25
09:49 Jay   superfill deal!!
09:49 Jay   nice
09:49 Jay   once that 69.03 ticked
09:49 dealrunner   no out +.25
09:49 Jay   that bloew thru the super fib coil resistance
09:49 Jay   and spiked it
09:49 Jay   still nice scalp
09:49 gander   nice deal and ds
09:50 davids   thx g
09:50 dealrunner   intresting CTXS was a short candidate
09:50 Jay   it was on the firs test of 62
09:50 Jay   but the 5 min slip vs 15 min mini pup
09:50 dealrunner   y
09:50 Jay   the 15 min mini won
09:53 Jay   SPY stinky 5s levels
09:59 vic2   .20 M short
09:59 Jay   wtg v
10:03 vic2   tks
10:03 dealrunner   gj vic
10:05 Jay   mdco nice pop crushed thru the super fib that time
10:09 Jay   well.. they probaly grind up the spy today but correlation alrady somewhat wacky
10:09 Jay   AAPL, FB, TWTR all down
10:09 Jay   gonna call it a day and week
10:09 Jay   no need to waste ammo or dull the blade
10:09 Jay   heres the morning summary of trades
10:10 Bot  9:32 – SHORT CTXS 60.90, STOPPED at 61.36, out - .46 = - $184
10:10 Bot  9:35 – BUY CTXS 61.75, STOPPED at 61.49, out - .26 = - $104
10:10 Bot  9:39 – SHORT 2000 MYL 68.13avg, COVERED 1700 at 68.78, out + .35, COVERED 200 at 68.61, out + .52, COVERED 100 at 68.42, out + .71 = + $770
10:10 Bot  9:45 – SHORT 500 ALTR 42.96, STOPPED 43.07, out - .11 = - $55
10:10 Bot  9:52 – SHORT 1400 MDCO 27.96avg, COVERED 1300 at 27.74, out + .22, COVERED 100 at 27.75, out + .21 = + $307
10:10 Bot  10:06 – BUY 400 CTXS 61.58, SOLD 300 at 61.87, out + .29, SOLD 100 at 62.20, out + .62 = + $148
10:10 Bot  Total Daily Profits: + $882
10:11 Bot  Total Weekly Profit: + $3,799
10:11 Jay   not bad for a dry climate
10:11 dealrunner   gj j
10:11 Jay   the real earnings season kicks off next week
10:11 Jay   tx deal
10:11 Jay   so have your ammo ready
10:11 Jay   brush up on the skillsets
10:11 Jay   take it easy today
10:12 Jay   209.74-209.94 the next fib range
10:12 Jay   210.59 was the first MSH on the daily
10:12 dealrunner   have a good weekend
10:12 Jay   if they take that out , could trigger an impulse squeeze
10:12 Jay   u too deal
10:12 Jay   cyall bright n early monday morning
10:12 Jay   blog will be up shortly at http://www.undergroundtrader.wordpress.com/
10:12 Jay   poooooooof
10:16 dodge   go xom :-)
10:17 gander   dodge has his pom poms out again
10:18 vic2   let him enjoy the moment

The $89 test drive special ends this weekend.  Details here if interested:

https://undergroundtrader.wordpress.com/2015/04/03/special-89-monthly-test-drive-at-undergroundtrader-com-for-a-limited-time/

Feel free to send any questions to jeayu21@gmail.com