Trading 101 (TRADE)

[Bramabill]

there are too many bag holders already in that stock that will sell into any momentum. That stock is nothing more than a pump job without substance. The company is desperate to un-load paper. Thats one dog to avoid, if you got in for a profit, good for you

[strongtower]

It will bring a 10 bagger or more when carrier news comes, It already ran from .0002-.0016 on Verizon and Cingular news. People bash it all the time but still produces better results than other very low sub stocks. I agree the O/S is rediculous but still runs no matter what people say.

[Bramabill]

I agree with everything you say except BKMP? that stock isnt worth talking about, thats a total dog going nowhere. I never saw a more agressive effort to print shares other than watching QBID or MSEM

[RJ Trotts]

Boardmarks: 13

[CoolHandLucas]

1. Never believe hype and never trade on emotion. If it sounds to good to be true, you are being lied to.
2. Trade on chart indicators, not your own limited DD. The chart takes into account all DD. Spot trends early and take profits before you overstay your welcome.
3. Pay the closest attention to stocks that are doing poorly and have an itchy sell finger. Set loss limits and obey them. Do not be afraid to take a small loss in hope for a rebound, odds are you will just take a larger loss the longer you wait.
4. Don't try to be noble and fight market trends becuase the stock "should be going up". Get in and out before the trend is over.
5. If appreciation in a stock you are in requires hope or praying, you need to sell now.

[makesumgravy]

Funny! Keep a sense of humor.

Never put up the farm. Don't invest more than you can recover in a short period of time.

No stock is ever a for sure thing, no matter if its here or the senior exchanges.

Always keep a little so you can play another day.

By all means do research and read others post and their DD.

[SkeBallLarry]

In their Menu, click on Research & Ideas >

then Markets

Scroll-down to Market Diaries

You have a Selection of NYSE-NASD

Net $$-Gainers ( I prefer these ) ALL Real Time

Net $$-Losers .( I prefer these ) ALL Real Time

etc ....

Prior to this, you prolly (like me) will have to watch the CNBC-Pre/Mkt-Scroller .... I post MY trades here #board-1807 ... Some smart traders here (not me) ... Poster Dexprs trades for Several-Clients w/accts up to $34-Million for-a-living ...

[heavystereogem]

Ameritrade

[SkeBallLarry]

Heavy .... What Brokerage do you use ... ?

[heavystereogem]

Question for you guys.... Is there a website that shows you what nasdaq stocks are moving in premarket? I don't need realtime, just something to give me an idea of what will be moving during the day. thanks!

[heavystereogem]

Another tip.... Don't make the same mistake I made. When one thing isn't working for you don't continue to do it hoping things turn around. Be flexable and don't limit yourself to trading just penny stocks. Buying stocks that move easily with volume is key.

[heavystereogem]

Make your own decisions. If you're gonna lose money, lose it by you making the decision, not some pumper trying to get out of a stock he's bagholding. :) Lots of people on these boards pretend to be great traders but in reality they are no better than the average person. Think about it: If someone is so great, why are they posting hundreds of messages on a msg board?

[bobky]

good advice!--eom

[koolmc]

don't believe the hype

don't trust anyone 100 percent

take profits on the way up

know what you own

penny stocks is not and will never be an investment


trading without level 2 is just plain stupid

don't be part of the kool aid mentality

if a trader says he went all in he is bullchitting

if a trader says they're holding all he is bullchitting

don't go all in at once get a starter position so if it goes down you have some powder to add or if you think it won't go back up then sell at a small loss.

If you want to pump a stock at least be good at it you know make the price go up lol

You will have losing session where everything you pick will turn to crap

Don't trade in summer( rule that i have broken many times over just to be fooked by the mm's, this time no more)

[mildtrans]

"Never fall in love with a stock" That'e perfectly right.If you do is like you fall in love with crooks(most pinkie stocks CEO's are crooks to the bone)

[RJ Trotts]

you are NOT alone in becoming a STUCKholder very fast when that happens...the news is great, but the MM know that also, and they know they will take it DOWN after a sharp opening...RJ

[RJ Trotts]

free shares are ALWAYS a nice thing!! RJ

[MLR_Lite]

Cargo said "Never, and I mean NEVER, buy the open when there has been great pre-market NEWS"

Man, how many times have I done this? And, most times, after a couple of hours there are much better prices for the stock.

Don't buy into a run! This is the worst one for me. I figure if I hear about a stock 3rd or 4th hand, the guys who are going to make the money are the ones I buy from while they are exiting.

[MOMO]

.<font color=green>~~~HAPPY 2007 EVERYONE~~~

[Vision21]

Never fall in love with a stock...

Buy on the bid @ sell on the ask...

Sell enough to get your investment back then ride the free shares...

[RJ Trotts]

Hype is the best way to LOSE money MOST of the time!! I know sometimes you are able to come out on top...
But the best investments are ones AFTER you DD them!! RJ

[Drugdoctor]

You are welcome, RJ. As you know, in the heat of the trading day, with "settled" cash in your account, and Shakerzzzz busy touting his latest tri-fecta, it's easy to get caught up in the hype and lose track of any strategy you think you have developed... Occasionally stepping back and regrouping is a must, if we are to succeed... GLTY and HAPPY NEW YEAR and successful trading all year!

[RJ Trotts]

Thanks Cargo and all that have shared. This being the beginning of 2007, leads us to all HIGH hopes of this being a year too remember. And I am thankful that each of you all have taken time to share a few secrets with us...Rj

[RJ Trotts]

Boardmarks: 7

[Zardiw]

The brain is the greatest computer known to man. And then you have our connection to the universal consciousness.

Relying on those 2 is a big step.

I look at charts also, but not from a technical analysis point of view. I wait for big drops (Death Drops). Then you have to do some DD to find out if there's a good reason or not.

Unusual volume is an indicator that something is up (Turning Worms).

JJSeabrook posts newsreleases over at the OTCBBAlerts board. You can make some bank there if you get in early enough.

Lately I've been DDing Shells to see if I can spot one that's about to RM.

I haven't gotten rich yet, but I'm working on it.....lol.

OH, and I've bought when the price was up 1000% or so....just basically from a feeling. It depends on how many are on it.

Most important thing is to sell some when you have a good profit. Remember that you don't make ANY money until you sell....lol.

Over at the Death Drop board I have some DD links I use. If you don't have an IHub membership so you can search IHub, you might as well not even trade, imo...............z

[Drugdoctor]

Thanks for the invite RJ - my tips ...

Buy the close, sell the open - I've had many overnite successes with this strategy.

If a position goes against you, average down on the weakness, if it still goes down, jump out, admit you were wrong, fool!

Never, and I mean NEVER, buy the open when there has been great pre-market NEWS! Even if you have to have the stock, you almost always can better the opening price.

Never enter a position with RSI over 70! Some of the best runs ever happen with RSI over 70, but most RSI's over 70 are overbought and you can wait and get a dip for the next leg up!
Look at DPDW for an example of this warning.

Never take a position so large in volume of shares, that your exit will tank the price. Market makers see your order flow coming, and they will walk you WAY DOWN!

And, try to sell at the ask when the shares are still climbing.
You get the quickest and easiest fills, and.... this is the hardest thing in trading there is to do!

And... Here is a link to some very good trading advice...

Print it and hang it over your computer! Read it every norning before you start trading.... I'm not kidding!

http://www.hardrightedge.com/wheel/tcrules1.htm

[MOMO]

The best advise I can give is to take profits~

Take profits when you are right, and be quick to cut losses when you are wrong~

And when its all said and done, you hope you are right more times than wrong~

Use stop losses to prevent a bad trade from becomming a dissaster~

Be humble in the markets, and remember the markets are a vehicle to make and loose money, and will show no favortism or mercy on any trader~

So when the markets give you a profit, take it and don't think for a second that you are bigger than the market, because the market has a way of letting us know just how insignificant we really are~~~

Trading is not entirely about winning and loosing, but more importantly growing from our successes and failures, for its our learning experiences which help us become better traders~

God bless Everyone~

Good Luck and Happy New Year Everyone~~~

[strongtower]

I have learned this in trading penny stocks. I lost thousand's of dollars learning this the hard way but am now prosperous.

1. Don't hold a penny stock hoping it will do something, it probaly won't. Unless you are 100% it is a frontload stock like BKMP is right now awaiting huge news.

2. It is not a loss until you sell. (quote from Dragonfly)

3. Dividend's end up being worthless but watch to see if the stock will run and play it for the run.

4. Watch holding MOMO stocks at the end of day on Fri. because flippers like to keep their money liquid for Mon.

5. Reverse Mergers and MOMO plays are the best and safest way to make money in the penny market.IMHO Penny stocks have a very low chance of making something out of it's self.

6. Don't let pumper's make you hold a stock hoping it will do something because it probaly won't.

7. Don't let a basher make you sell a stock knowing it will do something because they want in at a cheap price only. Do DD on this one to know if it is a good stock.

8. Always do your own DD.

[MikeDDKing]

My tax minimization strategy...

One of the techniques that I use is to purchase each stock both in my regular account and in my IRA. Those stocks that are sold at a gain are generally sold first in my IRA to maximize the chance that I can make my taxable investments long term. Also, if I decide to sell something at a loss but I don't want to sell the whole position, I sell it in my taxed account if the holding period is less than a year. This way the loss offsets my short term gains which are taxed at a higher rate than my long term gains.

Mike

[02opida]

I alwyas do a lot of charting first before buying

[RJ Trotts]

I always try and buy about 50% of mine the first day that I find the stock. And after that, I DD it, and then I add if I am ready based on my DD. RJ

[RJ Trotts]

Always nice to have a board that gives folks new ways to trade. And help folks know how alot of others trade...RJ