Trading NASDAQ stocks with Jerry Olson & Ian Hodgson

[Jerry Olson]

First Trade Of The Day

(9:09 AM) eam707: Appropriate for us as traders I think
(9:12 AM) mrblue_7: Absolutely!
JerryO3434: LONG AAPL AT 64.04
(9:13 AM) Nastradeer1_1: How about a Gap & Crap
JerryO3434: JERRY OLSON
(9:14 AM) iwhistler: your skype name is jerry034
(9:14 AM) iwhistler: jerro34
(9:14 AM) iwhistler: jerryo34
(9:15 AM) iwhistler: i m asking
(9:15 AM) mrblue_7: No, it's Jerry Olson
(9:15 AM) mrblue_7: u can search by email address too
(9:15 AM) iwhistler: their 4 jerry olson only one from philly
(9:15 AM) raynewman: yes i think it is jerry034
JerryO3434: SOLD AAPL AT 64.30

 

[Grey1]

Hi guys

I have Blue chip and FIBBO here and we traded 4 stocks on small pos size still up $329. Not bad for 10 min work

 

[buccsrugby]

Fibbo wazzzzzzzz up

 

[Jerry Olson]

Major Futures Selling Late Afternoon

Please be in cash tonight...no overnight holding anything...

we had that nice rally this am into late afternoon then massive waves of Pit selling started to overwhelm the markets.

i suggest you stand aside till they flush it out or down the toilet...

have a drink on me...

 

[tricks]

Please be in cash tonight...no overnight holding anything...

we had that nice rally this am into late afternoon then massive waves of Pit selling started to overwhelm the markets.

i suggest you stand aside till they flush it out or down the toilet...

have a drink on me...

Hi Jerry,

What happened to your recent 'long' call and the 'technical bounce', may I ask?

tricks

 

[Grey1]

I had a fantastic day meeting up with BLUE CHIP Trader ( a high calibre technician ) as well as FIBBO who made a specially journey from Sweden to come to this meeting.

I discussed the position sizing , risk management and how to dynamically put all them to gether and trade live using my own cash on line and WOHOOOOOO

Although we reduced the position size by 1/3 ( we only traded in small size like 500 shares ) we still made a great win . My intention was to get these guy to trade LIVE using proper money and not Mickey mouse using my system so they could see how risk analysis can take over the strategy and make them profitable every single day .One more thing I made sure both guys realise that there is no need for , LEVEL 2 , NO MARKET DIRECTION CALLS , T O HAVE A HIGH PERFORMING PROFITABLE SYSTEM.

I leave the rest of the comments to come from them .

All in all another day another $$$$$


Grey1

 

[Jerry Olson]

Hi Jerry,

What happened to your recent 'long' call and the 'technical bounce', may I ask?

tricks

Hi Tricks

we are certainly trying to make a bottom here...What ever time it takes then so be it.

I called for a rally today it only lasted 3/4 of the day.

the markets are in a time of flux as they continue to discount the mention of inflation and a slowing economic picture here in the US. So stock price have to be lowered.

this takes some time to flush out. The internals i am loking at are moving down very fast on P&F...

hence the bounce then selloff to form the bottm is still here for now.

Tricks the markets are doing what they need to do and will eventually stop tihs momentum move lower.

So in due time we'll see what happens......i have no crystal ball, but can see signs of the coming lows..

have a nice evening

 

[tricks]

Hi Tricks

we are certainly trying to make a bottom here...What ever time it takes then so be it.

I called for a rally today it only lasted 3/4 of the day.

the markets are in a time of flux as they continue to discount the mention of inflation and a slowing economic picture here in the US. So stock price have to be lowered.

this takes some time to flush out. The internals i am loking at are moving down very fast on P&F...

hence the bounce then selloff to form the bottm is still here for now.

Tricks the markets are doing what they need to do and will eventually stop tihs momentum move lower.

So in due time we'll see what happens......i have no crystal ball, but can see signs of the coming lows..

have a nice evening

Hi Jerry,

Thanks for your response, I'd like to think we may have a 'bounce' from here. I've gone in a little too soon, but long at 11064 June. Here's hoping!

have a nice evening yourself.

cheers - tricks

 

[Jerry Olson]

Hi Jerry,

Thanks for your response, I'd like to think we may have a 'bounce' from here. I've gone in a little too soon, but long at 11064 June. Here's hoping!

have a nice evening yourself.

cheers - tricks

Thanks Tricks...

I'd dearly love to see a huge red type slam tomorrow am, i too would be inclined to buy that dip...Things are moving lower at breakneck speed it's really amazing

On the DJIA chart i'll post it in the morning here...If we take out the recent lows there is excellent support at what i call the "bullish support line at 10.950, i would buy it there if i traded the YM's...but in lieu of the futures the DIA call options might be a nice way to play this wild market and only using small amounts of cash too boot...

later, and best of luck to you

jer

 

[tricks]

Hi Jerry,

Thanks for your response, I'd like to think we may have a 'bounce' from here. I've gone in a little too soon, but long at 11064 June. Here's hoping!

have a nice evening yourself.

cheers - tricks

P.S.

Isn't BEN doing a wonderful job? Bless him! Bring back 'Greenie'

cheers - tricks

 

[tricks]

:cheesy:

P.S.

Isn't BEN doing a wonderful job? Bless him! Bring back 'Greenie'

cheers - tricks

Out at 11115 June for 51 pts. Came out on the basis that the futures were up 80 plus and the cash touched 11000 overnight, which I think could be revisited? Time for another cup of tea, nice way to start the day!

cheers - tricks

 

[Jerry Olson]

My Pre Market Update

Good Morning all

I believe we are very close to a local low and tradable bottom within the next 3-4 days or so. I have my downside targets on all indexes coming very soon. At the same time the 4 short term internal indicators I watch on P&F are all nearing oversold levels and this all happened in just 2 weeks. When they flush out today or tomorrow and begin to slow their down move I would suggest a major league rubber band wild counter trend rally will ensue that will shock and awe the whole market. I am saying we are very near that moment in time. It seems to me that the hedge funds I've been writing about over the last 2 weeks are very near unwinding their losing positions as evidence by that wild last hour yesterday as they sold into that rally very hard. However not much moved on the P&F front as things are beginning to stabilize underneath the markets. To my amazement this entire correction is just about 2 week old. Seems a little ridiculous if you ask me but as long as we're alive and still here and able to trade, things will be fine. I was hoping that traders took to heart my table pounding about moving to cash, buying puts etc many weeks ago. Now let's see if the DJIA can touch 10,950-11,000 area and bounce, let's see if the NASDAQ can touch 2140 the bottom of the 10 week trading band, and the SOX at 445-450 or so, and let's see if the Bullish Percent on the OTC can hold 46% and then reverse back up making yet another higher low. I would short Gold Futures as they look like they want a lot lower on the chart, 620 would be my 1st target. If July crude futures reverse and print 70.50 I would short them as well looking for my downside target of 65.00 coming over time. All and all this will be the final washout for the market within a very short time frame this week. We will probably rally up very hard and fast and then a possible re test of whatever low we set and then reverse back up again before it's all over and done with. If you are in cash as I suggested then get ready to place it to work. There are a myriad of trading vehicles you can use to make good gains when we bounce here, and options are the keys to the kingdom. Be ready folks

 

[Jerry Olson]

Bullish Durable Goods Orders

Big bond market rally today bodes well for the local bottom coming in here 1-2 days.

rates plunging and the TLT flying so far...good for stocks folks...

 

[samtron]

OK Guys here we go:


There appears to be a lot of noise in the markets just at the moment I would urge caution and
as always remember Trade what you see not what you think.

Good Luck today:

 

[Jerry Olson]

room trades for the first hour or so

(6:02 AM) Paltalk: Hi everyone. All room members are a dedicated group of professional daytraders. It does not matter what your level of expertise is since we are here to help you make a living everyday. We are scalpers for now looking to make a Days Pay. Good Luck Jerry
(8:06 AM) cashmarket: gm
(8:17 AM) cashmarket: gm
(8:17 AM) Evostik: gm
(8:21 AM) dat-cat: GM
(8:23 AM) jitasb: gm
(8:27 AM) cashmarket: futs games
(8:55 AM) II VWAP II: jerryyyyyyyy
(8:55 AM) II VWAP II: iannnnnn
(8:55 AM) II VWAP II: alo alo
(8:57 AM) Dan-NY: GM
(9:00 AM) eam707: Gm all
(9:00 AM) eam707: Hi Vwap
JerryO3434: morning all
(9:00 AM) II VWAP II: eammmmmm
(9:00 AM) cashmarket: check
(9:00 AM) cashmarket: gm
(9:00 AM) iwhistler: gm jery
(9:00 AM) II VWAP II: morning boss
(9:01 AM) eam707: Hi Vwap, looking forward to June
(9:01 AM) II VWAP II: lets makesssssss moneyyyyyyyyyyyy
(9:01 AM) II VWAP II: eam what is ur nick name on the T2w
(9:01 AM) ian_h: gm Jerry, Iraj
(9:01 AM) II VWAP II: hi ian my man
(9:01 AM) eam707: ek1 Vwap
(9:01 AM) Dan-NY: GM Al
JerryO3434: SNAP BACK RALLY
(9:02 AM) II VWAP II: oh ok ek1 yeah we had a meeting here yesterday with blue chip trader and fibbo we had an aesome time
(9:02 AM) eam707: Yes Vwap, saw the posts- good stuff as always
JerryO3434: BCRX
JerryO3434: NVAX
JerryO3434: GILD
JerryO3434: WHO
JerryO3434: PEIX
JerryO3434: ANDE
(9:04 AM) grizz_9: maybe 6 or 7 deaths by human to human transmission in Indo I think
(9:08 AM) jamin1111: GM everyone
(9:08 AM) cashmarket: gm
(9:08 AM) itsmevu_: good morning everyone
(9:08 AM) freedom_1000: gm
JerryO3434: hi
JerryO3434: hi there
JerryO3434: CALL
JerryO3434: ANDREW MUI
JerryO3434: AT ESIGNAL
JerryO3434: 1-800-322-1510
JerryO3434: OK
JerryO3434: IAN H
JerryO3434: WWW.ESIGNAL.COM
(9:14 AM) ian_h: just on a skype call
(9:14 AM) II VWAP II: ian is on the SKY with snowdj
(9:16 AM) iwhistler: Jerry is next monday holiday monday is the market close
(9:16 AM) southfield_1: yes
(9:17 AM) eam707: Yes market closed Monday 29th as per http://www.nasdaq.com/about/schedule.stm
(9:18 AM) iwhistler: thx
JerryO3434: akam
JerryO3434: bcrx
JerryO3434: GILD
JerryO3434: NVAX
JerryO3434: WHO
(9:24 AM) watsoman: what stock is the one to trade jerry.....tv was on.
JerryO3434: GILD
(9:24 AM) watsoman: ok...thx
JerryO3434: BCRX
JerryO3434: NEWS DRIVEN
(9:25 AM) doggie10: u too loud
(9:25 AM) fst415: sounds more like a hen than a rooster!
(9:26 AM) rooste63: you are so funny
(9:26 AM) wvombaur: lol
(9:28 AM) ian_h: ok, back now
(9:30 AM) ian_h: it is
(9:31 AM) cashmarket: rmbs
(9:31 AM) brownbear_1: weekly petro report about 1 hour
(9:31 AM) grizz_9: those alerts are kicking in
(9:31 AM) fst415: AKAM strong
(9:31 AM) fst415: me too
JerryO3434: rmbs
JerryO3434: GLD
JerryO3434: = GOLD
(9:36 AM) fst415: BRCM/MRVL bucking the trend
(9:38 AM) fst415: watch QCOM for a hook up
JerryO3434: LONG CSCO AT 20.46
(9:40 AM) wwwalker: be careful futs
(9:41 AM) wwwalker: jerry i just took .05 on size qqqq ...but watch out here this am
JerryO3434: PEIX
(9:43 AM) fst415: QCOM moving up
JerryO3434: LONG MRVL AT 52.71
JerryO3434: SOLD MARVL AT 52.93
JerryO3434: PEIX SNDK
(9:46 AM) mplsrmt: gild hod
(9:46 AM) MMags1999: moved fast didnt have time to post
(9:46 AM) MMags1999: bot mrvl 53 out 53.23
(9:47 AM) MMags1999: sorrry
JerryO3434: LONG MRVL AT 52.20
JerryO3434: SOLD MRVL AT 52.36
(9:48 AM) brownbear_1: aapl dead
(9:49 AM) brownbear_1: about time
JerryO3434: PEIX HOD
(9:49 AM) grizz_9: ande moving up
JerryO3434: SOLD CSCO AT 20.56
(9:50 AM) fst415: AKAM
(9:50 AM) wwwalker: jerry i just did the same time
(9:50 AM) wwwalker: jerry watch csco ...
JerryO3434: OK
(9:51 AM) wwwalker: ok jerry i done for this am
(9:52 AM) wwwalker: in cash
(9:53 AM) MMags1999: l mrvl 53.12 just sold 53.35
(9:53 AM) MMags1999: WHEW~!
(9:54 AM) MMags1999: Jer: I will stay flat until I hear your next call okay?
JerryO3434: ANDE
JerryO3434: PEIX
(9:55 AM) mplsrmt: mrvl hod\
JerryO3434: JOYG
(9:58 AM) mplsrmt: I got it
JerryO3434: 10 AM REVERSAL
(10:01 AM) mplsrmt: sndk
JerryO3434: LONG SNDK AT 60.93
(10:02 AM) MMags1999: missed the sndk! enter Jer?
(10:02 AM) MMags1999: een though volatile??
(10:02 AM) MMags1999: seems strong anyway
(10:02 AM) southfield_1: .qqqgn
JerryO3434: CORRECVTION SNDK ENTRY AT 59.93
(10:03 AM) Dan-NY: NVDA
(10:03 AM) brownbear_1: wow
(10:04 AM) brownbear_1: you will make money now
(10:04 AM) bocarat: only .80 and I'll be b/e hehe
JerryO3434: SOLD SNDK AT 59.90
(10:04 AM) MMags1999: thanks. I was just about to enter!
(10:05 AM) MMags1999: even though I had two good trades in MRVL so far it seems there are many opps today
(10:07 AM) MMags1999: which one?
JerryO3434: SNDK BUY STOPSD AT 60.10
(10:08 AM) Dan-NY: KLAC hod
(10:09 AM) MMags1999: k
JerryO3434: ALL 500 SHARE TRADES DUMP AT -100
(10:10 AM) MMags1999: y
(10:10 AM) grobb3: mkt looking good
JerryO3434: REMOC=VING MY BUY STOP SNDK
JerryO3434: REMOVING
(10:12 AM) MMags1999: l mrvl 52.92
(10:12 AM) MMags1999: .20 sto[
(10:14 AM) grizz_9: y
(10:14 AM) BSilvey: Commerce Dept reports sales of new homes rose by 4.9 percent in April
(10:14 AM) mplsrmt: gild
(10:14 AM) MMags1999: out 53
(10:14 AM) MMags1999: took .07 didnt like it
(10:14 AM) MMags1999: still postive profit though
(10:14 AM) MMags1999: right!
(10:15 AM) stevefi: watch bios announcing now
(10:15 AM) stevefi: bcrx
(10:15 AM) stevefi: size better?
(10:18 AM) MMags1999: Jer: I still need to stick with my stops cause I came out early on sndk and if it breaks 53.12 it could run to session high
(10:19 AM) MMags1999: I will go back in 53.13
(10:19 AM) MMags1999: yup
(10:19 AM) MMags1999: right
(10:20 AM) Dan-NY: Jerr you can see our tradses at the very same moment we buy?
(10:20 AM) MMags1999: I meant mrvl earlier not sndk
(10:20 AM) MMags1999: sorry
(10:20 AM) Dan-NY: you will be my next STOP then, good
(10:21 AM) fst415: MRVL running
(10:23 AM) MMags1999: there goes the mrvl over the 53.12
JerryO3434: QCOM
(10:27 AM) harry120: sndk pushing the 200ema
(10:28 AM) grizz_9: nvda was nice this am...may want to do it again
(10:29 AM) MMags1999: I was right on the mrvl...
(10:29 AM) MMags1999: right on
(10:29 AM) MMags1999: still long at 53.13
(10:29 AM) MMags1999: so Jer...do I take the scalp or wait it out!
(10:29 AM) MMags1999: just kidding
(10:29 AM) MMags1999: out 53.31
(10:29 AM) MMags1999:
(10:30 AM) MMags1999: I actually stayed disciplined. When I saw it after I sold at 53.04 I waited for my 53.12 break to enter and it paid off
(10:34 AM) brownbear_1: yg - 24.80
JerryO3434: LONG AAPL AT 63.38
JerryO3434: SOLD AAPL AT 63.55
(10:37 AM) delfin771: AAPL +.15
(10:37 AM) stockboy2005: paper traded it with you +.17
(10:38 AM) BSilvey: been in and out severeal times
(10:41 AM) screenshot: GM ALL
(10:42 AM) fst415: good TRIN too
(10:46 AM) harry120: y
(10:46 AM) MMags1999: not I
(10:49 AM) screenshot: L EUR 88
(10:55 AM) Dan-NY: y
JerryO3434: can you hear
(10:55 AM) iwhistler: y
(10:55 AM) fst415: y
(10:55 AM) harry120: y
(10:55 AM) BSilvey: y
(10:55 AM) eam707: all ok
(10:55 AM) gboot: y
(10:55 AM) gboot: ok
(10:56 AM) harry120: mrvl on a hammer
(10:57 AM) harry120: mrvl getting stuffed
(10:58 AM) grobb3: oih
(10:58 AM) brownbear_1: ntes looks good
(10:58 AM) brownbear_1: see no news
JerryO3434: gld
(10:59 AM) dat-cat: also GDX jer
(11:00 AM) screenshot: gold june futs -30
(11:00 AM) screenshot: i'll buy @ 500
(11:00 AM) screenshot: lol
(11:03 AM) screenshot: out eur + 8
JerryO3434: 1261
(11:05 AM) MMags1999: yikes
(11:09 AM) MMags1999: jer. How do you see appl here. Either a short again or a long on support??? confusing
(11:11 AM) screenshot: L EUR 90
(11:15 AM) harry120: y
(11:15 AM) stockboy2005: y
(11:19 AM) higgins: wow most of the stuff we watch is rolling
(11:21 AM) Tim76: how many stocks do you keep your eye on?
(11:21 AM) higgins: jerrry do you have any thoughts on people getting margin calls adding to the problem
(11:21 AM) Tim76: yeah
(11:21 AM) Tim76: ok
(11:22 AM) cashmarket: mrvl pos db
(11:22 AM) Tim76: and you get 10:1 leverage on stocks?
(11:23 AM) Tim76: thx
(11:23 AM) Tim76: yup
(11:27 AM) cashmarket: sndk falling wedge too.....

 

[Jerry Olson]

Profit For The First 1-2 Hours

here's the profit form thos 5-6 trades this am... it does not show some other trades in some new ETF's i was checking out..but the net results are positive...GLD & OIH for gold and curde.

http://www.buyitbuyitsellitsellit.com/OJ1.gif

 

[Jerry Olson]

Just A Thought

If anyone wishes to contact me please try www.skype.com

the UK guys turned me on to this and it's free and terrific. Just like a phone service but no charge<g>

my name there is jerry olson as a contact

 

[Grey1]

Grey1 Kicked buttom again but it was the most riskiest day for me . I lost big time to JOYG and BRCM before BRCM and APPL went off from the list of being available for short a. That annoyed me a lot because I had an awesome signal on both of them and so i was left with un hedged position .

Joy G took my money fair and square but BRCM took it un fairly .

I managed to kick ass on RMBS with a great $4564 profit and boy i had to dump and add all along the way to manage my risk . A very worrying day for me specially when IB would not let me to short BRCM and then APPL .. That was naughty

I am not finished yet . I can assure you if IB lets me to play the BRCM to day I will get most my loses on BRCM . I know i can if i am allowed to play the short side.

We will see ,

Grey1

 

[LevII]

BRCM and APPL went off from the list of being available for short a. That annoyed me a lot because I had an awesome signal on both of them and so i was left with un hedged position./QUOTE]
Grey1,

Just a thought.

Have you considered ditching IB (and other conventonal brokers generally) in favour of trading via CFDs? Gearing up to 10X, no problem with going short. Downside, bigger commissions, not true direct access.
LII

 

[Jerry Olson]

Possible Tradable Bottom Here

we could have a solid tradeable bottm forming as we speak

be ready for a potential short covering rally late today