Spike's Scientific Stock Analysis

[spikefader]

Spike/NB/Tom
How about shorting AMN, up over 10% today?

[New-born baby]

No

Spike/NB/Tom
How about shorting AMN, up over 10% today?

Alice,
No. Don't step in front of that speeding train. You'll get run over.

What you need to know is the difference between shorting into strength (as Spike teaches) and shorting into a freight train. The difference is this:

When a stock is in a downtrend, then you short into any strength it shows.
When a stock is in a bullish uptrend, if you short it, you'll get smashed by the freight train.

Here's the chart of AMN: bullish freight train.


Here's Tom's descending LEA:

[alice4321us]

Spike/NB/Tom
How about shorting AMN, up over 10% today?

[spikefader]

hotkey configuration: http://www.interactivebrokers.com/ph...g_Hot_Keys.htm

and to configure show unrealized profit and % go to your TWS, and on the toolbar you'll see "configure". Then do this:



Newborn is right; it takes some time to get familiar, but it's awesome once you do.

Best!

Thanks to all,

This IB is great,and after some education,Eminis are in my future.

cordially Tom

[spikefader]

Tom, re the YM, it seems you don't have your TWS configured to show positional profit. I'll post how to do that in a sec. It's easy. Once it's done, save your preferences and every time you load TWS your profit per position is shown. Now let me find the configuration instructions for you.

[spikefader]

Spike,or anyone with IB,

Can you give aquick heads up on how to short on IB?Im still learning the layout,and can only find buy or sell in order platform,I am set up with margin.Sorry for the ignorance..

cordially Tom

Yep, NB is correct Tom. Just enter a sell market order and IB will sell at the market bid after an uptick. Or if you use a sell limit order, your ask will sit in place until you are filled or change the order to market, or lower the price for a lower fill.

But alice is correct; I just checked and LEA is not available today with IB. (EDIT: I just check the ticker attributes and it's listed unshortable with IB Tom)

I would highly recommend you configure the hotkeys to make it easier. Make Sell/short the letter S, and transmit T and all you have to do is type in the ticker, or highlight the one you've already got on display and press S, make any adjustments with price or quantity (you can configure arrows for those) and then press T and your order is sent off.

Simple.

I note MyTrack doesn't have LEA shares to short either.

[New-born baby]

Ym

Thanks NBB,

Should have done this IB thing a long time ago.

Regarding Spikes YM trades,I have JUN YM futures loaded,and show +48 right now,could you translate to an idiot how that would profit from the leverage factor.Im intending on picking up the book recomended by Dave Steckler on Emini trading,but until I find it,was hoping someone could give a briefing to me.Thanks in advance.
BTW Google shows nothing but pay services selling trade ideas as far as the links can be read.

cordially Tom

Each point is $5 on the YM. That +48=$240 change

IB has so much to offer you'll need to study the platform for a month to master it all

Thanks NBB,

Should have done this IB thing a long time ago.

Regarding Spikes YM trades,I have JUN YM futures loaded,and show +48 right now,could you translate to an idiot how that would profit from the leverage factor.Im intending on picking up the book recomended by Dave Steckler on Emini trading,but until I find it,was hoping someone could give a briefing to me.Thanks in advance.
BTW Google shows nothing but pay services selling trade ideas as far as the links can be read.

cordially Tom

[alice4321us]

No shares available to Short?

Excellent dude. Add a couple more pennies to your stop to make it over hod. Others should look at this too; Tom has nailed a great trade plan here. Well done dude.

IB is not letting me short this?? Anyone else has this problem with IB?

[New-born baby]

Spike,or anyone with IB,

Can you give aquick heads up on how to short on IB?Im still learning the layout,and can only find buy or sell in order platform,I am set up with margin.Sorry for the ignorance..

cordially Tom

Simple. Just sell the stock. That is shorting. Click on the bid price and hit the "T" for transmit, and you sold it.

Spike,or anyone with IB,

Can you give aquick heads up on how to short on IB?Im still learning the layout,and can only find buy or sell in order platform,I am set up with margin.Sorry for the ignorance..

cordially Tom

[spikefader]

Greeetings,

How about this play?



Short 19.05,with a 19.50 stop,target 15?

cordially Tom

Excellent dude. Add a couple more pennies to your stop to make it over hod. Others should look at this too; Tom has nailed a great trade plan here. Well done dude.

[spikefader]

CNQ thanks to you, Spike. I watch the oil plays and they want to accelerate higher, but usually late in the day they encounter heavy selling. That tells me that decision time is approaching. Thanks for your input.

Agree that up is the bias now.

CNQ sets up now actually. R/r isn't my preferred 10, but for lower r/r lovers:

http://spikefader.blogspot.com/

Greeetings,

How about this play?



Short 19.05,with a 19.50 stop,target 15?

cordially Tom