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3
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0
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Posts (Total)
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13
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Created
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02/09/11
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Type
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Free
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| Moderator ParSarMan247 | |||
| Assistants RedStangRob | |||
MyMy's Pennies 2011
I have developed this board for those wanting to start a team of traders to help move valuable information along to the next.... I believe every trader has his/her own strong points and weaknesses and could help benefit another member or even learn from others /mistakes to make them stronger by the day. My short term goal for this room will be to have a team of over 300 followers by 2012 in which all have a well thought out strategy on how to trade penny stocks
Here's a list of which indicators i use and how i use them:
♥ Parabolic SAR - refers to a price and time based trading system. Parabolic Time/Price System. SAR stands for "stop and reverse", which is the actual indicator used in the system. SAR trails price as the trend extends over time. The indicator is below prices when prices are rising and above prices when prices are falling. In this regard, the indicator stops and reverses when the price trend reverses and breaks above or below the indicator.
I usually try to time my buys when the Parabolic SAR is trending down smoothly on a daily chart right before the price touches the dot. It doesn't always work so you need a few more indicators to back it up sometimes, especially volume!
♦ CCI - is a versatile indicator that can be used to identify a new trend or warn of extreme conditions. The CCI was developed to identify cyclical turns in commodities, but the indicator can successfully applied to indices, ETFs, stocks and other securities. In general, CCI measures the current price level relative to an average price level over a given period of time. CCI is relatively high when prices are far above their average. CCI is relatively low when prices are far below their average. In this manner, CCI can be used to identify overbought and oversold levels.
My rule of thumb on the CCI is when it breaks the +100 line, it usually has a sudden jump (not always). And i always look to sell once it falls back through that +100 line.
♣ MACD - Moving Average Convergence-Divergence is one of the simplest and most effective momentum indicators available. MACD turns two trend-following indicators, moving averages, into a momentum oscillator by subtracting the longer moving average from the shorter moving average. As a result, MACD offers the best of both worlds: trend following and momentum. MACD fluctuates above and below the zero line as the moving averages converge, cross and diverge. Traders can look for signal line crossovers, centerline crossovers and divergences to generate signals. Because MACD is unbounded, it is not particularly useful for identifying overbought and oversold levels.(make sure it has a histogram)
With the MACD, I usually wait for the signal to get crossed to the upside by the MACD line before alot of trades....also check for the Histogram to cross through the "0-line", for this only brings more momentum. This is one of the most watched indicators in my opinion so i consider this very important to learn and master for trading any stocks...
♠ Volume - is a measure of market liquidity based on the number of shares that are traded over a given period. Volume data is recorded for individual stocks, their related options chains, and for indices as a whole. Normal volume for each of these exists as a range, with spikes or dips significantly higher or lower being regarded as an important indicator. Volume is usually lowest around holidays and shortened trading sessions.
a team of traders who learn from their mistakes
a team of traders who take pride in being right
a team of traders who take blame for being wrong
VS. 
SUB-PENNY STOCKS RULES
If you get too worried or too ancy to get in/out a trade, calm down, take
take a deep breath then take the time remember or go over my top ten rules....
1.ALWAYS confirm trades with at least 3 strong indicators.(MACD,CCI,LVL2,ADX,SAR,SMA,A/D)
(FIND/CONFIRM STAGE)
2.ALWAYS be aware of my profit-taking and stop-loss ranges/levels before i make my trade.
(PREPARATION STAGE)
3.ALWAYS stick to the displine plan and let the stocks come to you.
(DISIPLINE STAGE)
4.NEVER get greedy, if you feel its time to pull the trigger, pull the trigger.(*TRY TO BUY LOWER* )
(GREEDY STAGE)
5.NEVER CHASE!!!.
(TRENDING STAGE)
6.NEVER fall in love with a SUB-PENNY stock, simply get in an out the same day if possible.
(HIT-N-RUN STAGE)
7.REMEMBER to look at the bigger picture before buying or selling any trade.
(CHARTING STAGE)
8.DONT be afraid to miss the opportunity buying or selling if you feel 85% or ^ confident.**
(85% RULE STAGE)
9.DONT beat your self up mentally and keep control when anxiety overwhelms.
(CALMING STAGE)
10.DOUBLE and TRIPLE check everything including indicators when trading.
(CHECKING STAGE)
OF
Diamond = very low float ¦ ¦
Gold = low float ¦ ¦
Silver = average float ¦ ¦
Bronze = above avg float¦ ¦
Rust = high float ¦ ¦
*ratings when the float is compared to Price at any given time*
Mistakenly, some traders think that stocks that are “up on high volume” means that there were more buyers than sellers, or stocks that are “down on high volume” means that there are more sellers than buyers. Wrong! Regardless if it is a high volume day or a low volume day there is still a buyer for every seller.
MONDAY 02/14/11
| CSLO | .14 |
| PDMID | .009 |
| SKZW | .0033 |
TUESDAY 02/15/11
| HCKI | .0009 |
| BSIO | .0012 |
| SFSH | .0042 |
| BYSD | .0011 |
WEDNESDAY 02/16/11
| IDGI | .009 |
| MSVS | .0006 |
| HESV | .004 |
| LKEN | .0028 |
THURSDAY 02/17/11
FRIDAY 02/18/11
DISCLAIMER: All stocks are opinions only and still require you to do your own DD before investing. I do not recommend any of these stocks to anybody i'm just stating my educated guesses only.
