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Last Post: 11/4/2017 9:49:16 PM - Followers: 59 - Board type: Free - Posts Today: 0

Good Ol' Stockpicks

 

 

 

 

Blind Squirrel traders

 

 

 

 

 

Trading 101

Most of the people that post on our board regularly have been trading for quite a while.  Most of us trade big board stocks, with the exception of Admiral.  We would like to share a few trading tips to help people that are new to trading.

1. Nobody wins them all.  If you study, you will find that most traders will lose about 50% of their trades,  So, how do you stay in the game?   Simple, let your winners run, and lose small.  If you are in a losing trade, sell it an get out. 

Dont be all proud and hang onto a losing trade.  Cut your losers quickly, and when you get a winner, let it run until the chart or circumstances tell you that you are done.

2.  Take profits,  A profit is a profit.  Most traders do not nail the bottom, or sell the exact top.  Make your trade, make your profit, sell, move on to the next trade.

3.  Most penny stocks are scams.  If you are a good enough scammer to "scam the scammer", then have at it, but in general, the pinkie ceo knows more about the scam than you do, and can manipulate circumstances to end up with your money.  So we recommend leaving the pennies alone.  Big board stocks are more highly regulated, they are required to be more transparent.  If you have  a margin acct. you can use margin, or you can learn to trade options, (which we love).

4. Study.... Learn how to read a stock chart.  Learn about full stochastics, Rsi,  how volume affects a stock, learn about macd, Learn how to spot support and resistance levels. Learn how to use Bollinger bands.  STockcharts.com has some free charts and a chart school that are excellent to learn and use.

5.  Apply yourself.... You are competing with the best minds and technology in the world.  If you do not prepare yourself and learn to be smarter than the other guy, you are going to give your money to the other guy.  Make sure you get enough sleep, dont have a hangover etc. Don't fool yourself into thinking this is easy, or else you will give your money to someone else.

6.  Learn to limit risk.  when you win, you can always give your  money back,  If you lose, its gone.  If you get in a risky trade, and lose 30% of your money, you have to get 50% on your next trade just to get back even.  If you lose 50% of your money on a trade, you have to get 100% on your next trade, just to get back to even.  Its better to get  into a trade where your may possibly lose a max of 20% or less overnight,  You may limit how much you can make on a trade, but in the long run you will do better.

A good strategy:  A great trader named Jesse Livermore developed this strategy over many years starting in the early 1900's.  He became one of the richest men on wall street.  He was a trader, not an investor.  This is not the only way to trade, but it is a proven method.

 

1. Trade the leaders: many people trade pennies, if you want to end up with pennies, trade pennies, if you want to make the big money, trade with the big boys.  Trade the strongest stocks in a sector, like aapl,  pot, gs, goog, bidu, wfc, bac, f, amzn, ma etc.   You might think that your account is too small, or the percentages that you earn are too small to trade these stocks.  If you learn to trade, you will learn to make money, you wont have to rely on finding that "life changing stock", that is probably a scam.  If you can get a margin account, you will be able to increase your % that you make  from the leverage of margin, also when you get good at trading, you can learn to trade options, and then you have huge leverage to make large gains even when a stock only moves a couple of percentage points.  

2. Buy the breakouts to new highs.   When a stock beaks out to a new high, over resistance on heavy volume, buy it.  I like to get them at new 52 week highs, or new 6 month highs, or when they break out over a trendline on high volume, preferably 2 times the average 10 day volume.

3.  Double bottom.   Learn to look for a stock that is going down, and it makes a bottom, then goes up a bit, then heads back down to retest the low.  It will reach a pivot point at the second time it hits that low.  Many times if it bounces off from that low the second time, its a great buy signal, and the stock is going to rebound.  If it breaks through it, and keeps going down, instead of bouncing, its a signal to short the stock, or buy puts if you can trade options, as its probably going to continue to drop for quite some time.  

 

 

  

    Options Trading

A MUST SEE video if You Never Played in this Pen Before:

us.etrade.com/e/t/jumppage/viewjumppage

Post your stock picks and have some fun.

 

Disclaimer:

YOU ARE SOLELY RESPONSIBLE FOR YOUR OWN BUYS AND SELLS.  WE DO NOT MAKE ANY RECOMMENDATIONS OF ANY KIND, ANY WHERE, ANY HOW, OF ANYTHING AT ANY TIME. 

SO, TRADE AT YOUR OWN RISK!

 

 


 


Sorry someone deleted my Ibox Junkyard so I'm putting some notes here.

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The Admiral's way of trading........... Gotcha !!!!!
the while, she's breathing in and out, and watch the tail. She may even try to swat the cursor. The creator of this entertaining feline is unknown.
 
 
lude "Get Widget" button
 
 



 

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PostSubject
#37019  Sticky Note Please read this !!!! realbiz almost gave his A.L._is_retired 12/02/12 03:21:56 PM
#20508  Sticky Note READ BEFORE YOU POST HERE! Trading4cash 12/07/10 02:00:21 PM
#10427  Sticky Note Signs of a Scam goodolboy 12/27/09 11:14:57 AM
#10425  Sticky Note Danger List goodolboy 12/27/09 11:12:51 AM
#37226   $GEVO HEATING UP WEEEEEEEeeeeeeee MazelTov 11/04/17 09:49:16 PM
#37225   $GEVO DA BOUNCE IS ON;-) MazelTov 11/03/17 09:36:47 AM
#37224   Ucore Rare Metals Inc. $UURAF., a junior exploration MazelTov 09/27/17 08:05:16 PM
#37222   NNSR The action represents a necessary milestone in GAME-CHANGER 05/23/17 10:41:35 AM
#37221   Esterline Technologies Retirement Plan A.L._is_retired 05/08/17 02:14:26 PM
#37220   Work for profile; A.L._is_retired 09/09/15 09:40:51 AM
#37219   $VRCI ~ Alliance Partners – Research & Development >> Penny Roger$ 04/08/15 08:38:03 AM
#37218   $BSGM ~ Led by a proven management team Penny Roger$ 04/06/15 08:56:22 AM
#37217   $FRCN ~ Management Team > Penny Roger$ 03/04/15 09:25:30 AM
#37216   American Power Group Maintains Industry Leadership Role With Penny Roger$ 02/28/15 06:13:35 PM
#37214   $VPER ~ Apollo Metro and Viper Networks team Penny Roger$ 02/24/15 09:09:43 AM
#37213   INSITE VISION INC Files SEC form 8-K, Results Penny Roger$ 02/19/15 05:29:33 PM
#37212   I prefer you stay out of this forum. goodolboy 02/14/15 07:06:56 PM
#37210   Hey Admiral, sorry I haven't been around but goodolboy 02/13/15 04:11:09 PM
#37209   I keep hoping the OL group gets back A.L._is_retired 02/13/15 08:15:57 AM
#37208   InVivo Therapeutics Appoints Lorianne Masuoka, MD as Chief Penny Roger$ 02/09/15 03:51:13 PM
#37206   $AXXE ~ To Present TapouT Line of Products Penny Roger$ 02/04/15 08:19:23 AM
#37205   Who knows. Ticker is $ALSO? Penny Roger$ 01/30/15 09:39:16 AM
#37204   That looks interesting Roger. Why is there no A.L._is_retired 01/29/15 03:25:42 PM
#37203   Miss you guys. Sure wish I had caught A.L._is_retired 01/29/15 03:17:29 PM
#37202   For some reason I don't get pop ups A.L._is_retired 01/29/15 03:12:06 PM
#37201   Frost & Sullivan Names InfinityAR Most Promising AR Penny Roger$ 01/29/15 02:00:47 PM
#37200   UPDATED PHOTO RELEASE -- Hemp, Inc. and Its Penny Roger$ 01/21/15 01:04:35 PM
#37199   Q LOTUS HOLDINGS INC Files SEC form 8-K, Penny Roger$ 01/20/15 03:54:47 PM
#37198   Frontline (FRO) Stock Falls Further Today Penny Roger$ 01/15/15 10:52:29 AM
#37197   XOMA CORP Files SEC form 8-K, Entry into Penny Roger$ 01/12/15 11:25:24 PM
#37196   Yeah, it's the only time I have goodolboy 01/08/15 12:32:30 AM
#37195   In the middle of the night on top iluvgoodplays 01/03/15 11:14:03 AM
#37194   First time I have logged in to ihub goodolboy 01/03/15 12:45:05 AM
#37193   I'm still around!! Two years later ROFL... iluvgoodplays 01/02/15 06:57:35 PM
#37192   FLST. @ 0.0001 BIG NEWS COMING reel 11/16/14 10:57:12 AM
#37191   Haven't been watching anything stock related lately Admiral. goodolboy 11/07/14 10:58:05 PM
#37190   Twinkle Twinkle little star, what a grouch you are. A.L._is_retired 10/29/14 05:53:32 PM
#37189   Give Susie and Teresa a piece of your A.L._is_retired 10/29/14 05:49:58 PM
#37188   We have a new options group forming. A.L._is_retired 10/22/14 11:13:41 AM
#37187   Don't if you guys are watching but I'm A.L._is_retired 10/22/14 11:12:49 AM
#37186   $DSCR: Hemp As A Bio-Fuel Is One Step MaxPowerLove$Ihub 10/09/14 09:14:25 AM
#37185   $HPNN: Hop-on and United Cannabis Sign Contract MaxPowerLove$Ihub 10/09/14 09:13:19 AM
#37184   $DSCR: Discovery Provides Supplemental Bio-Fuel Information MaxPowerLove$Ihub 10/09/14 09:13:07 AM
#37183   $DSCR: Hemp the trillion dollar crop: Gregg Moseley-Clarke MaxPowerLove$Ihub 10/08/14 09:31:18 AM
#37182   $DSCR: Discovery Minerals Provides Shareholder Update on Hemp Growing MaxPowerLove$Ihub 10/08/14 09:30:30 AM
#37181   DHSM finally suspended !!! A.L._is_retired 09/25/14 11:20:17 AM
#37180   RSH has been a great run. Can it A.L._is_retired 09/02/14 09:04:57 AM
#37179   $DOMK & $DSCR: Bottomed; good time to collect MaxPowerLove$Ihub 08/29/14 01:40:05 AM
#37178   It's there as a reminder, pumpers do get busted. A.L._is_retired 08/12/14 07:43:26 PM
#37177   Thanks Admiral! I need to borrow that article. goodolboy 08/06/14 10:23:19 AM
#37176   SEC Charges Four Promoters with Manipulating Marijuana-Related Stocks A.L._is_retired 08/05/14 11:00:14 PM
#37175   They sure are! Next week my oldest turns investlite 07/31/14 03:52:41 PM
#37174   Looks like profit taking turning into consolidation. That A.L._is_retired 07/26/14 11:17:33 AM
#37173   WDC breaks 100 today.......ring the bell!!!!! MorningLightMountain 07/16/14 11:23:15 AM
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