Tidetraders

Hey guys. Just wanted to inform you again about a fantastic chat room to hang out in while trading.

www.tidetraders.com is the website. The Rickster, J-P, and a new addition to the team, The Witch Doctor who specializes in Forex, are a wonderful group of guys who trade, educate, and are on air live throughout the day during market hours.

They are coming up on their one year anniversary now and every day they continue to make improvements.

They trade Equities, Futures and Forex, the room is jam packed with people who are eager to share their thoughts and any information to newbies. It is a professional environment with super sharp traders, and by far the best trading chat room I have experienced.

The Rickster is up over 800 points on the S&P E-Mini Futures year to date. Both he and J-P share with you well over a combined 30yrs experience in trading their thoughts and trades.

The Witch Doctor is new on the scene but appears to be a great addition and further enhances their great service by bringing a wealth of Forex experience to the table.

Their are several parts and different chat rooms at Tidetraders. There is a paid version which for a nominal fee gives you insight to their weekend update full of priceless insight on past week, upcoming week and just their thoughts on the market which continues to be extremely profitable for all those who are members. I speak from experience and anyone who is a paying member will vouch for that.

The paying members make it possible for the Rickster to be on air during all market hours and share some of his trades insight and years of experience. He is also available for questions, obviously with time permitting as you can understand. This again is a professional site with hard working individuals in there to make a profitable living every day. So with that being said, please do not spam on this site. If you wish to share any information that advertises other sites or your own, PLEASE make sure to inquire with Rick, J-P, or the Witch Doctor prior to doing so.

I have no affiliation with them aside from being a part of their fantastic chat room.

This is by far the best way to get your PHD in trading these volatile markets.

I implore you to check out this site. It will positively, 100%, no questions asked make you a better trader and more importantly put more money in your pocket when all is said and done.

So come share your ideas, questions or just part of you day with the Tidetraders


Once again the site is,

www.tidetraders.com

Status Update

Hey guys and gals. First off, I apologize for having the Blog dark for the last month. I have been taking care of personal issues and trading mainly Futures for a couple hours a day.

I hang out in the Tidetraders chat room for part of the day. I post most of my trades on Twitter and they can be found on the sidebar of my Blog.

I will start the videos up again as soon as possible.

Thank you,

Trade well

9/26/10

I had issues with my recording software. I tried recording a couple of videos and after four attempts I finally compressed it all into one and shortened it substantially. I continue to stalk the stocks mentioned last week. Please refer to the archives to find last week's videos.

Here is a link to market review and some analysis.

http://www.screencast.com/t/M2IwNzVkYjUt

In addition to stock covered in last weeks video,I will also be looking at,

LHO - mentioned in video
RIG - nice consolidation a breakout would offer substantially higher prices
CRUS - looking for it to get possible momentum again
TEN - coming up on resistance, watching for either a breakout or slight pull back
MS - area of support, looking for it to hold

A look at The Major Indexes

Here is a link to a video on the Major Indexes

http://www.screencast.com/t/NWE0Nzdh

Sector Review

Here is a link to a video on sector review

http://www.screencast.com/t/YzNlMjE3NTA

Stocks I am Stalking

Although this Market is at a crossroads and what can be perceived as critical area, there are still many opportunities out there. Here is a list of stocks to watch, also stocks that I have been stalking and will continue to, looking for good entries. Keep in mind that timing and risk management is key.

Here is a link to a video on a couple stocks I am watching

http://www.screencast.com/t/M2IwNzVkYjUt

ECA position update

I was stopped out of the ECA aug 32 call position on Friday @ break even on the last piece. A bit frustrating after being up over 150% but 1/2 the position had been shaved @ +50% and did not want to turn a winner into a looser.

Tomorrow is FOMC and I have my ledger extremely light. I am at over 95% cash on my Day trading account. Have just been trading futures intra-day until the market gives me some solid direction. There are plenty of nice setups out there and I feel we will get the opportunity to trade those in the very near future. The rates should stay unchanged, lets watch for the wording and the Fed outlook to see how the markets react.

Pete