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At least 50 grand in my trading account by August 20th from $1,000 starting capital. Already over $2,500 and I haven't even cashed out on KCMH yet. Took a little profit though.
Wondering if anyone else got a funny alert from Lebiz Alerts yesterday?
So does anyone have some trading goals they would like to share?
Well I had a good day yesterday and didn't even know it until today. Was unable to watch yesterday, but checked today and my little experiment last week took off like a shot. Trying to find some confirmed uptrends on big board penny stocks to position trade instead of swing trades or flips. I guess I'll be swinging it now after this move as I don't want to see my profits go up in smoke. Check it out. Got in at 0.21.
You're a funny guy, you here all week or only doing one show? ;)
How's that hip replacement working for you?
it's great that you're reflecting on this year to plan your trade strategy for next year. many of us fail to do so, and continue to make the same mistake over and over again.
I prefer to run with the young guns... no walkers to trip over. You know, those ones with the little tennis balls on the bottoms. ;)
post kept. thx
what are you doing here highlander. ihub says you're 55 lol
You've got an example? Good! Now I've got something to look into to, because it's been killing MCLN. So FastFish, they had been on the NS list too and had FTD warnings issued on them?
Also, just checked. They're not currently on the the NS List.
http://www.regsho.com/tools/short_list.php?ssd=20091223
EXPH has been my example of a stock that I've watched get NSS'd IMO and it's just killing a great company.
FastFish, from my understanding of an FTD, why wouldn't it bring on the expected response from the SEC, which would be to bring the hammer down on those who are NSS the company and make them cover?
Are not FTD's issued because there is already too much NSS going on, for too long of a time (in this case MCLN is at around 40 days), why would it bring on more?
The SEC took a lot of grief for not doing their job during the past Administration. I would think they'd be a little more sensitive to responding to retail complaints this time around. Also, the amount of NSS is way down this year from the last couple, according to a poster by the name of "lowtrade".
Either way, it should be interesting, as well as an education.
When I see failure to deliver on a penny I usually take caution rather than trying to push a short squeeze. FTD usually causes more share swapping between MM's and more NSS.
Watch for "longs" to try and push a SS on the board and they will try to encourage others to buy, while they are selling. Should see some interesting MM play on L2 as well.
FYI Guys! "Failure to Deliver" warning from Etrade on MCLN today. Could make next week interesting...
Exactly the same for me, except no fat finger sells. Have sold 3 runners too early. Waited till PPS doubled from entry and sold half to ride free shares. Revising that strategy and will be watching chart more closely to time sells.
FF720 Trade Summary
- So I printed out all of my trades for the year. I've only been trading since March 2009. Then I wrote down what went well and what went wrong with each trade.
Summary of Losses:
- Losses due to newbie mistakes:
bought at the top of a pump/chart without knowing
fat finger sell order
market sell order
These trades are going to happen when you are learning
- Losses due to waiting for news that never came
Rumor of big news that everyone knows is coming and I didn't sell, and then news never came
- Losses due to failure to take profits when the stock is outside of the Bollinger Band.
My failure to take profits due to greed hurt me this year, in 80% of the cases I would have been better off flipping the stock
- Poor entry in a chart
Bought too high and not at support, or when there wasn't a confirmed bottom.
Corrections: Take Profit when outside the BB and reload with a new lower entry and have planned exits.
Summary of Gains:
- Gains due to luck.
Mostly the financial sector being hot early in the year
- Gains due to buying at support and selling at resistance, channel plays
- Gains due to playing chart and taking profits early, sometimes too early
- Gains due to playing the pump only on day 1
Just stopped by this board and wanted to say Happy Holidays to everyone here.
I'm revising my rules before 2010. I'll try to post them up. I'm going through all of my trading history for the year to see what worked and what didn't work. And to see why I did what I did.
Thank you. Just sticking to my rules. So far it's working ok.
Sold my IDGI at just the right time yesterday. Got my 25% goal and I'm out. Fish rules.
Well I hold XX,XXX shares under $1.00 pre-split and I have been adding on the dips averaging up. I even bought $3.65s yesterday as I felt it would be another good entry.
Looking for a move to $5.00 before mid-Jan and then a big move after te Yippy Acq. The momentum is really what is going to determine the share price. It could go to $6.00, 10.00, 15.00, 20.00 or 50.00. We really don't know.
The nice is once the hedge funds start taking a look at the fundamentals we'll get a better valuation of the company. This is nearly impossible to do for most penny stocks as using a P/E ratio is nearly worthless for determine the SP.
My best advice to you is take a intro business course, business finance course and a business accounting class if you aren't in a business program at your school. These classes are invaluable.
I would also recommend learning how to read charts. This will help you find your own entry and exit points as everyone trades differently.
Morning LL, I'm just sorting through e-mail, had 54 this morning and 21 pms.
Mornin fish.
WNMX something brewing for sure
Hmmmmm.... pop pop pop go the indicators. Looks nice. I have a list of people whom, when they speak I listen, you're the second person on that list to mention this one. Those wispers must be kinda loud.
I like your signature :)
I'll get right on that.
Cause peeps are just waiting for you to start posting on the right board: #board-2321
I took your advise and got .004's last week. I got rid of it this morning for a lovely 120%, and just pulled a day trade on IFSG for a VERY satisfying 60.71%. I am having a wonderful night so far. Or was until I walked into my hooch to find my heater has been blowing cold air for god knows how long. I can see my breath. It's not supposed to be cold in Iraq.
Yea, I suck. Why am I not banned already?
Hmmm looks like you are off the list.
I-Box-
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.
And GRBG Running
IFSG running
$5 Million market cap
161 million O/S
Insiders own 90 million of the O/S
Share structure hasn't changed in 2 years. Was trading at 0.40 back in 2008, before the recession hit. They make products anyone with a computer uses on a daily basis, DVDR and portable hard drives. The company used to produce HD-DVD's as their main product but since that has lost the "war" to Blueray, they have re-tooled their production line to Blueray. Nice "W" on the weekly chart. Undervalued IMO. I recieved 3 different emails on this one, everyone check it out.
watching MEDT next few days, MACD TRIX and PPO 0 line crosses and whole chart bullish
should've checked this board sooner, got to put it in my favorites
DNCC ive been hearing about that, missed it i guess.
Nice work on the DD. I am more of a technician myself but have to respect DD when you can find the facts. I am new to pennies and haven't found many reliable sources when it comes to DD. Is there a source that separates the viable companies from the scams?
From a technical perspective, I see a double bottom at .025 in late August/early Sept. The two day bounce on Sept. 4 and Sept 8 was certainly a worthwile trade but when it bounced off that same low on Nov. 27 it was a huge move. Unfortunately, this stock probably wasn't on to many technicians watch list on Nov. 27. Certainly not mine, unfortunately. Besides, I am so old I can't wait for two months to catch a move. LOL I might not be here to see it. Guess it just shows there are many ways to skin a cat.
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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.
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