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Mentoring Donald after training program :
Thursday, November 04, 2004
Mentoring Donald Rollins:
These are the key messenger records. There is no time
marked in Yahoo messenger.
I have never met Don before. He lives in NY. He is my online
customer for over a month and decided to take my one day
mentoring with Yahoo Messenger. My record is over $1200
profit during mentoring Donald. He did not make profit, he got
out early on ISLE.
After mentoring section, i send him a lot of advance charts
with real cases for him to review, such as how to buy at
breakout new high with charts in details. He will improve a
great deal.
_________________________________
Donald Rollins: u holding HANS right?
trader: yes hans volume slow, we miss teva, i was too busy
trader: yes, down about $80
trader: get out
Donald Rollins: out
Donald Rollins: tks i saw it too
trader: i am down $140
__________________________________
trader: i trade isle
Donald Rollins: buying now
Donald Rollins: ?
trader: no
Donald Rollins: ok
Donald Rollins: watching
trader: i get in at 24
Donald Rollins: ok
trader: it breaks new high
trader: this is for quick profit only
Donald Rollins: ok
trader: get out for 120 profit
Donald Rollins: interesting
trader: now it is not good time to trade
Donald Rollins: agree
________________________________
Donald Rollins: k
trader: isle
trader: in 25.45
Donald Rollins: k
trader: out 26.15 (in and out had some time different)
Donald Rollins: k
Donald Rollins: u did well
Donald Rollins: i was about to say i didnt see how possible
trader: that is about $700 for 1000 shares
Donald Rollins: very nice
_________________________________
The following trade record was starting around 11:00am:
trader: i suspect that there may be sell off as nasdaq has no
major pullback yet., be aware of profit taking, it usually
happening after 11am
Donald Rollins: K
trader: isle may be in profit taking soon
Donald Rollins: isle
Donald Rollins: seems weak
trader: short candidate
trader: short on isle at 25.40
trader: nasdaq may start to pullback, no long trade for a while
trader: i am short on isle at 25.4
Donald Rollins: me too
trader: both macd on 5 and 10 are down
Donald Rollins: yes
trader: we should see a turn around soon
Donald Rollins: mac 5 min is at 10ma
trader: stochastic on 1-min is in overbought zone
Donald Rollins: yes
trader: once it turns around, it should be good
trader: nasdaq is at beginning of going down
Donald Rollins: looks weak yes
Donald Rollins: i am comfortable with the trade
trader: macd on 10-m is already crossing, it is good
trader: i am taking a break
Donald Rollins: ok
trader: i am back
Donald Rollins: ok
trader: nasdaq is up again
Donald Rollins: yes noticing
trader: now we should have a mental stop loss in mind
Donald Rollins: isle dipped to 25.38 or so
Donald Rollins: turned back higher
trader: nasdaq is holding pretty good, president speech really
useful
trader: isle really take long time to breakdown
trader: as long as price below 10MA and macd is below on
10-min, i stay in
Donald Rollins: ok me too
trader: but i have profit today, so you should pay a little more
attention
Donald Rollins: ok
Donald Rollins: i have decided to cover out flat
trader: good
trader: nasdaq is too strong, market maybe good tomorrow
Donald Rollins: hope so
Donald Rollins: it has been good to closely watch you today
Donald Rollins: it exposed many of my weak areas which i
suspected already
trader: too bad, you make no profit
Donald Rollins: profit is nice, but not my concern here i
wanted to get a 'feel" for your methods in real time etc
trader: you are pretty good, especially you get out at the
cross road
trader: i hang one longer because i have profit built in
Donald Rollins: i may never be a really good trader...i have
weak areas in which the art fails to click in
Donald Rollins: we shall see pvt lessons would help
Donald Rollins: help me sharpen the skills
trader: my isle is a long fight
trader: no problem, you have all the quality, you get out
without emotion, how to getting out of a trade is important
Donald Rollins: yes, i hope it makes money for you, but i
decided risk/reward for me not worth staying like you i dont
look back and fret etc
Donald Rollins: tks
trader: isle, i smell the green
Donald Rollins: yes great
Donald Rollins: isle should take a dive all the signs are there
only problem is the price isn't cooperating
trader: wall street has no profit taking
Donald Rollins: now it is
Donald Rollins: wow
trader: now it looks good
trader: $200 profit
trader: it is breakdown of consolidation
trader: profit is over $360
trader: now i set my stop loss at entry level and let it runs
trader: are you there
Donald Rollins: stop loss at 25.40?
trader: yes
Donald Rollins: ok
trader: profit is about $400
Donald Rollins: i suspect it will turn around here nasdaq is
higher just a guess
trader: i may get out first
trader: i am watching closely for profit taking
trader: get out at 24.70
Donald Rollins: great very good
trader: it hits 50MA as support level, momentum still very
strong as macd on 10-min is opening down
Donald Rollins: yes
Donald Rollins: i was watching the 50 day ma
trader: for 800 shares with about $0.70 gain, profit is over
$500
Donald Rollins: verrrry good show