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G youre like 75 years old you cant post here 
Resistance Note:
See how resistance acts....
EIGH Chart
NANM
DJIA - Lets keep a close eye
As much as I play the pennies, my default stockcharts bookmark loads the DJIA so I have an idea as to what's going on big picture.
BGOI Annotated Chart
FRHV annotated chart: 200,000,000 AS, 82,100,125 Outstanding
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| Moderators investor007 SteveTS | |||
This board is geared to help Traders Under 30 become MILLIONAIRES. If you're over 30, you are still welcome to post and speak from past experiences to help others learn. This board is all about motivating each other to succeed, helping others get started and finding winning stocks. This board will take a Boiler Room mentality and believes you need to work your way to the top by starting at the bottom. If you don't learn the basics and aren't willing to work hard, how can you expect to become wealthy? If you've developed bad trading habits, now is the time to start over with a group that can take you to the top.
If you are not here to become FILTHY RICH please leave and I WILL TAKE YOU OFF MY LIST OF SUCCESSFUL PEOPLE TODAY. Do not waste my time as I would rather spend it with family, friends or helping others. We are all here to improve our quality of life, so the question is ARE YOU IN?
1. Your first assignment is to educate yourself by watching the BOILER ROOM. If you haven't seen this movie you will not understand many of the references in the iBox or motivational tools. This movie has some naughty language in it, so not a good movie to watch at work or with children.
2. Please reflect on the following quote. I want you to really think about it. Take out a pen and copy the quote. Keep this nearby as a reminder that you can make it. You just need to GET IN EARLY.
I read this article a while back, that said that Microsoft employs more millionaire secretary's that any other company in the world. They took stock options over Christmas bonuses. It was a good move. I remember there was this picture, of one of the groundskeepers next to his Ferrari. Blew my mind. you see shit like that, and it just plants seeds, makes you think its possible, even easy. And then you turn on the TV, and there's just more of it. The $87 Million lottery winner, that kid actor that just made 20 million on his last movie, that internet stock that shot through the roof, you could have made millions if you had just gotten in early, and that's exactly what I wanted to do: get in. I didn't want to be an innovator any more, i just wanted to make the quick and easy buck, i just wanted in. The Notorious B.I.G. said it best: "Either you're slingin' crack-rock, or you've got a wicked jump-shot." Nobody wants to work for it anymore. There's no honor in taking that after school job at Mickey Dee's, honor's in the dollar, kid. So I went the white boy way of slinging crack-rock: I became a stock broker.
1. Your second assignment is to set a goal, motivate yourself and reward yourself.
2. Maybe your short-term goal is to double your account, make $1000, or achieve a certain account balance. Forget that for now. Right now, pick an easy goal that you know you can achieve, like placing one winning trade, or exiting a position when you said you were going to exit. Whatever your goal is, make it realistic and make it easy. Write this goal down on a piece of paper and place it by your trading station. You are ten times more likely to follow through on something if you write it down. If you're trading station is in a public place, fold the piece of paper up and then draw a GREEN SMILEY FACE on it. Then proudly display this at your desk as a constant reminder of what you are trying to accomplish.
3. When you achieve your goal, you need to reward yourself. It doesn't have to be something big. Just enough to motivate you and create positive reinforcement. When I get into a slump, I tell myself I'm going to take 10% on the next stock. Then I reward myself with a smoothie, which creates a positive association between making money and the reward. Maybe your motivation for trading is quitting your day job or paying off your credit cards and your small reward as you work towards that goal can be something like a new CD, DVD, or candy.
4. We will continue to use these motivation tactics in future assignments to help motivate yourself and others.
1. Your third assignment is to break bad trading habits by punishing yourself for making poor trading decisions.
2. Print out the list of 10 TRADING RULES.
3. Keep the Rules at your trading station and follow all of the Rules.
4. Start this assignment on a Monday and you will end on that Friday. The goal is to build discipline, as discipline leads to smaller losses and more profits.
5. Before you place a trade, quickly look over the Rules to make sure you aren't breaking one.
6. Sometime during the week, you are going to break a rule. Punish yourself every time you break a rule. If you don't like exercise, do ten push-ups. If you don't like math, do a multiplication problem. Just don't injure yourself. The purpose is to establish a negative association with breaking a rule.
7. Remember to always Take Your Profit. No one but you is responsible for Buying, Selling or Holding a stock. Even after the assignment is done, continue to follow the 10 Trading Rules. Even if you make money when you break a rule, punish yourself. There will always be an exception to the Rules, but more often than not, you would have lost money in a similar situation. Don't leave your trading up to luck. Don't get down on the Rules if you miss an opportunity. The Rules are here to help you GET IN EARLY and to help you avoid HOLDING THE BAG.
8. Disclaimer. If you follow or don't follow the Rules that is your own investment decision. You may not hold anyone or this forum responsible for any losses or gains. The Rules are not investment advice. If you decide not to follow the Rules then I WILL TAKE YOU OFF MY LIST OF SUCCESSFUL PEOPLE TODAY.
More assigments to come. These assignments will reveal how to make more money in penny stocks and elevate you towards millionaire status.
1. If you don't have Level 2 service and you intend to trade penny stocks you will probably lose all of your money. Level 2 Quotes allow you to see what Market Makers are doing on a micro level. Popular Level 2 services are ihub and http://www.EquityFeeds.com
2. Now, I know a lot of the older members are fundamentalists, but the ability to use statistics and charts can greatly improve your chances for success. Popular Charting software can be found at http://www.StockCharts.com
3. You should also have a basic understanding of the Fundamentals of a company. What is the company's share stucture, transfer agent number, company number, management team, cash flow, balance sheet and income statement? Most of this information can be found at http://www.PinkSheets.com
We are here to make money and make lots of it. When you are young, you typically have fewer expenses and can take more risk. But now you need some motivation to get you going.
