IIC's Winners Watchlists

[IIC]

China lashes back over currency, textiles http://msnbc.msn.com/id/7895252

[IIC]

Watching: CKCM DCAI ELOS GEOI KOMG AQNT BABY BEBE ENER

[B.J]

BABY and BEBE. Sounds like twin sisters

Doug, when day trading, how do you avoid getting warned by your institution that you're trading before settlement? One way I would assume is that you trade with maybe 1/4 of your balance at a time. Any other suggestions?

[New-born baby]

Answer

BABY and BEBE. Sounds like twin sisters

Doug, when day trading, how do you avoid getting warned by your institution that you're trading before settlement? One way I would assume is that you trade with maybe 1/4 of your balance at a time. Any other suggestions?

Sign up for a margin account. That will end all problems.

[B.J]

I agree Newborn, however this is my IRA (should have specified ).

I think I need to just adopt a 3 day (as opposed to one) plan, trade with smaller positions, or just do so 2-3 times a week.

[IIC]

Decent day...I had to hit the road at 9:10am PDT...but I did well on CKCM and OK on IRIS...lost a few on ABRX...IIC

Today's MoMo:

CRAI BMHC CKCM QSII CTO AMHC PENN MANT UHAL VTAL IIIN TARR ASPM IRIS CNXS ITRI UHCO COI PONR CLHB ERS IOT FZN TEAM AIQ ARRS VLFG RURL SGRP

CRAI
BMHC
CKCM
QSII
CTO
AMHC
PENN
MANT
UHAL
VTAL
IIIN
TARR
ASPM
IRIS
CNXS
ITRI
UHCO
COI
PONR
CLHB
ERS
IOT
FZN
TEAM
AIQ
ARRS
VLFG
RURL
SGRP

S/R for Thursday

Nasdaq

Resistance

2185
2163
2128
2108
2090
2047
2041-R1

Support

2028
2014-S1
2010-Strong
1987-1997
1975-Strong
1948-Very Weak
1935-Very Weak
1905
1884-1889
1867-1877-Weak

QQQQ

Resistance

40.50
40.05
39.50
39.20
38.75
38.10-Medium
37.47-R1

Support

36.82-S1
36.80-Strong
36.05-Medium
35.55
34.75
34.35-Very Weak
34.00-34.05
33.80-Very Weak

[skiracer]

And you're on top of the leader board for two days in a row. WTG.

[IIC]

I agree Newborn, however this is my IRA (should have specified ).

I think I need to just adopt a 3 day (as opposed to one) plan, trade with smaller positions, or just do so 2-3 times a week.

I have 4 accounts...or should I say "We"...used to have 5...Anyway, last year a few of us went on a rampage about this settlement cr*p...to no avail though as far as I know.

I've gotten warning letters in the past about using unsettled funds in tax accounts...but we were never restricted.

But for daytrading you should have a margin cash account...Limit d/t's in tax accounts...although I don't know what the penalty would be if you did d/t in an IRA as a Pattern Daytrader if you don't use unsettled funds...What are they gonna do???...Take away your margin...Heck, you don't have any margin in an IRA...So I never understood the penalty for that; e.g. you make 10 d/t's in an IRA in a week w/o using unsettled funds???

If you are a pattern daytrader you need 25k or more in a cash-margin account as far as I know...But there is a way around that if you don't have 25k...Lets say you have 10k...open up 5 different accounts on margin for 2 k each...as long as your balance doesn't go below 2k you should be able to make enough d/t's to keep you satisfied...maybe not...but you'll be able to make something like 15 a week.

I would have to check the rules...but I don't d/t much in tax accounts anyway. Also, since I'm pretty new at daytrading(seriously since last August) I have not been using margin for d/t's in my cash account, although I could. I figured I would give it a year...and I've made many changes in my d/t style...but I think I am ready to start using margin soon on d/t's in a month or two...IIC

[IIC]

I wouldn't be surprised to see a bit more uumph...but I'm not expecting much...IIC

[IIC]

Upgrades:


EQIX ADCT MXO VC TSN CBB ATI YNS BEAS TEF CRM ALEX NCX DOW AGU EQR FTE SO CRM KMB EGP ASN

[IIC]

Not the best of days for me...but it happens...1 up 4 dn on the dt front...but kept losses to a min. on CRM SRDX CKCM PACT...made some on FORD.

Today's MoMo:

MW COI UHAL LDG SMRT JOSB CBG PONR FNX BMI RIV FORD CKCM AQNT HTRN IOT TALX RCNI PWEI DMC SBAC ALDA AIQ INNO STEM CMT ASTM FC BABY AIC ERS FZN SGRP

MW
COI
UHAL
LDG
SMRT
JOSB
CBG
PONR
FNX
BMI
RIV
FORD
CKCM
AQNT
HTRN
IOT
TALX
RCNI
PWEI
DMC
SBAC
ALDA
AIQ
INNO
STEM
CMT
ASTM
FC
BABY
AIC
ERS
FZN
SGRP

[IIC]

S/R for Friday

Nasdaq

Resistance

2185
2163
2128
2108
2090
2048
2047-R1

Support

2034-S1
2028
2010-Weak
1994-VERY STRONG
1975-Weak
1948-Very Weak
1935-Very Weak
1905
1884-1889
1867-1877-Weak

QQQQ

Resistance

40.50
40.05
39.50
39.20
38.75
38.10-Medium
37.62-R1

Support

37.30-S1
36.95-Medium
36.20-Strong
36.00-Weak
35.55
34.75
34.35-Very Weak
34.00-34.05
33.80-Very Weak

[skiracer]

Doug,
All I can say is oh BABY oh BABY. Are you saying that you picked it for the contest and didn't own any of it. Up 11.2% over the course of 4 days. You're firmly entrenched at the top of the leaders board. Hope you had some of it. I was out in the field all day an only checked on my picks, I have positions in all three of them, and thought for sure I had a chance to catch you. Got home to see that HTRN, which was up .77 today, was demolished by BABY's +1.04. Nice play. Hope you owned some of it. What brought you to it?

[IIC]

Doug,
All I can say is oh BABY oh BABY. Are you saying that you picked it for the contest and didn't own any of it. Up 11.2% over the course of 4 days. You're firmly entrenched at the top of the leaders board. Hope you had some of it. I was out in the field all day an only checked on my picks, I have positions in all three of them, and thought for sure I had a chance to catch you. Got home to see that HTRN, which was up .77 today, was demolished by BABY's +1.04. Nice play. Hope you owned some of it. What brought you to it?

Today it took off and settled back...never took off again...but I watched the move. I've been watching it for about 3 weeks...and I did dt it...but not this week Just have not been at the right place at the right time.

Anyway...It still bothers me that the A/D's on the bulletin boards are lagging

http://finance.yahoo.com/advances

[IIC]

Upgrades:

TSM YRK VRTX YIS RRI JDAS VRTS BEAS MERQ SYMC EDR OPSW RMK LLL