10 Apr Inside the UndergroundTrader.com Chatroom
Many people have asked how the trading service works. Â 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. Â We post the watchlist at 9:15am est and then get into the action after the opening bell. Â 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. Â 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 beppe59Â Â 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 rich7Â Â 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 vic2Â Â .20 M short
09:59 Jay  wtg v
10:03 vic2Â Â 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 vic2Â Â 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