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Stocks do not trade in a straight line and not straight up , so you must understand this and learn to buy and sell when you see these set ups
“Have a plan, and stick to it”
When I say have a plan, I literally mean that you should decide in advance how much you are willing to pay for a share, how large a loss you are willing to take if the trade goes bad, and HOW MUCH PROFIT YOU WILL TAKE IF IT GOES GOOD.”
Most traders simply cannot seem to MAKE the plan, and then STICK to the plan. But you simply MUST if you are going to succeed over an extended amount of time.
Warning: Usually the HARDEST part of sticking to the plan is TAKING PROFIT!!! Yes. It’s true. Greed tends to “talk” to you when your trade is doing well, and it tells you, “It could still go up more!!!” Well, that may be true, but THAT is NOT a plan, and it WON’T succeed over T.I.M.E. . I seriously don’t give a rat’s rear-end what the latest fly-by-night internet “guru” claims he does.
The otc is like the guy on the corner playing find the lady , if you dont know the game , you will not win .
One must determine Fact or Fiction (koolaide) in the OTC (99% of them are fiction), once you have determined that , then you will be able to trade it and prosper, Trade and think like a thief
Everyone has an agenda that post in IHUB good or bad , I just like to know where they stand when I see peeps touting a ticker. So I will click on their name and look at their post history , if I see that they post on one ticker for a day or two , and then change to another one for a day or two and so on , then that tells me they are either a front loader or a paid poster with either cash or shares. If I know this , then is is easy to understand how to trade it, if it is not already up 200 , 300, 400% and if the weekly chart looks in favor and after I went and did a little DD myself. Some I might play for a single about 25% and or a double (50% or so) or a swing trade if I feel it is just getting started
When you see 20 peeps touting a specific stock all over IHUB and other forums , they aint doing for their health or for your benefit either, the finance guys that hire them are dumping their shares and moving on to the next CEO's BS stock to get on the cheap. Understanding what type of play it is and it's past promo trading history along with where it is on the chart and the current SS is are the parts to the puzzle in trading these scam stocks , learn how to play the game with play money first folks
Part of your DD process is to look up the CEO past and see what comes up , now if you see the stock is shady but it has the momo and a chart set up for a trade , then by all means trade it and make money in the short term and get out. Knowing what it is helps you determine how long you will hold a stock if your mental stop does not come into play
REALLY IMPORTANT TO UNDERSTAND "Learn To GET OUT OF YOUR LOSERS".
You are not a “loser” because you have a losing trade on. You are, however, a loser if you do not get out of the losing trade once you recognize that the trade is no good. It’s amazing to me how accurate your gut is as a market indicator. If, in your gut, you have the idea that the trade is no good then it’s probably no good. Time to exit. Every trader has losing trades throughout their trading Life. DO NOT ADD TO A LOOSING POSITION , if you do' YOU ARE A LOSER
With Pennies in most cases the news is just fluff , again understanding what kind of company you are dealing with makes it easier to understand how to trade it ,and or to just move on , these guys follow trading patterns over and over, and the SS is a big part of how it trades and how high it may go. Now if you get a large group to come in and just wash sale them back and forth to each other they can move a large Float more than a few ticks , but you better not get caught when it drops.
A forward split is the same a reverse split if the company's revenue cant support the share price .It will just come right back down and will not have any volume at the high of the split price for you to get out in most cases, thats why it is imperative you watch for the filings a look for the pre form 14- C while your holding your stock, Just ask the folks over at HIMR camp to list one of many , learn the game folks and trade with play money until you do
MLHC in default and I would guess the T/A is not talking either
http://nvsos.gov/sosentitysearch/CorpSearch.aspx
call them and find out
VStock Transfer
Transfer Agent
18 Lafayette Place
Woodmere, NY 11598
212-828-8436
http://www.vstocktransfer.com
Seth Farbman
seth@vstocktransfer.com
+12128288436
Allison Niccolls
allison@vstocktransfer.com
212-828-8436
MLHC Only if they are not greedy morons and allow it to have even flow , the chart shows she already had the 100% run from .0003 to .0006 and now back to .0003 , imo they run this down to .0002 and watch for alot of volume sitting on the bid at .0001. What is the current SS
If you are going to join one newsletter you might as well join all of them , most promoters have multiple landing pages for you to join as you can see below , same group just different names ,I currently have joined over 400 of them , promo plays are a very difficult, past trade history will help you see how they traded it but you must understand where it is on the chart if you decide to play or move on .
Folks if you are going to play these Quad stocks .0001 to .0009 , you need to be able to watch them on a daily basis and when they get up 800 to 1000% from .0001, and now back to .0004 in 1 week , please understand these boys are going to take the money and run , so even playing pull backs , you need to buy in 1/3's and have a mental stop in mind and stick to it
Another way to play is to Learn to track High flyer pull back swing low plays , they usually pull back down between the 38.2 fib and the 76.4 fib lines and wallow around awhile before starting their next leg, but most hit the 50% fib line from that initial swing high and have a nice 50 to 100% gain bounce trade before heading lower, unless they are just a pump and dump momo play in which case your just screwed and just get out before it goes to a no bid .
Quad stocks (.0001) as I call them,they are also usually stocks with the highest risks of reverse splits and you will loose 99% of your money when it does , been there done that a few times. Since every tick or 2 can mean 50%-100% gains, they are a favorite amongst flippers.
These can bring in some easy gains, if you have the patience to sit on the bid, and sell for a couple of ticks at the ask. I call this type of play , a liquidity flip trade, as you see 10's of million of shares being traded and only moving a tick or 2 , dont get greedy or you will hold a bag in most cases, lIke I did with PTAH a few months back, that is how you play these scam stocks
One of the rules to follow .... always know what the agenda is when someone posts a ticker , a little hint , you are buying their profit. So the ? becomes , is there enough left in it for you to make some if you buy theirs
ALWAYS check this list before you buy .........
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=102994457
Fish Out of Water Definition : see example below You Dont BUY tops of WEEKLY Chart CANDLES ABOVE THE UPPER BOLLINGER BAND That Have More Than 50% of the Candle Body Above That Line , it usually does not end well for You , now if your in a stock and the weekly candle runs up and forms that candle ....TAKE PROFITS Because Everyone else will be that knows to.
well I got history on my side , good luck and really read my posts on PTAH , this has already been milked I made my profit ,
life is what you decide to make of it , and it is very short in the grand scheme of things
well here is my posts on PTAH , read thru them and you will see I have been spot on , just another POS to flip for a few points once it has found the toilet once again
http://investorshub.advfn.com/boards/msgsearchbymember.aspx?searchID=178570&srchyr=2014&SearchStr=PTAH
well good for you , good luck , have a nice day
well for starters you are not looking at the current SS , as most of the OTC scam stocks are to lazy or just dont want to update that site. You need to check the state where they are incorporated at. so as they continue to dilute their shares by increasing here and there just like they have done in the past , and please check the history on that . they will continue to bleed shares as long as there are morons to buy them
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=BoZgLnfxShTSLnet4eWjXA%253d%253d&nt7=0
PTAH imo has had its last horray run a few months back , check my post history on it , IMO she is going to do another reverse split and screw the common folks , history does repeat in scam land
TWTR under 40 now , look to start nibbling , but I think she settles a little lower to 35 to 37 area yet , I am looking at 2015 december 80 calls, imo they will manipulate this to 100 at some point yet , it is moving like FB has , do a chart lay over and you will see
good to be back , I have already had a post removed and a personal attack , but funny thing is I did not respond to any particular person or group in the post ? It is a one way street here folks
that should read , "Too much stupidity and greed in the OTC" , but you will always have an endless supply of morons thinking they can get rich buying them ....Good Luck and learn the game and you might
we are just puppets in another mans world , make the most of it my friend
AEXE see todays post history below , all paid posters
http://investorshub.advfn.com/boards/msgsearch.aspx?searchstr=aexe
AEXE read the 10-Q below , it is a joke to buy this at .47 just my opinion
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10101583
ICBT is another bs mining company that was at .20 plus now in the toilet at .0002 , Dont drink the koolaide kids
AEXE another scam mining stock being pumped by paid promoters, see below their filings. IMO you folks would be better off shorting it , because it will be at .001 soon enough imo. I have not seen one OTC mining stock report they ever brought anything to the surface, Good luck folks
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10254678
Stay the F --- away from $ICBT , that is one of the biggest POS I have ever seen in the 5 years of trading these scam bags and the morons that are getting peeps to buy it, dont get me banned again by exploiting them and the real truth of the inner workings. But 90% of these are just like ICBT.
I have been banned for over 2 months and yep , I come back and see the same peeps , posting the same bs content , only difference is , the Ticker has change , good luck folks
IMO for 5 years of experience , 99% of the tickers in Ihub that are posted on from .01 and below will never see .10 let alone a 1.00. they are OTC for a reason folks . trade them as such and dont pay attention to peeps touting to the moon and its going to the teens and yada yada yada bs
The news attracts the new folks a.k.a. bagholders
New Folks, when You see the same posts on 2 different boards and then another posts on another 2 boards , and so one , those are posters for whomever holds the large lot of shares , so expect news tomorrow morning , imo this will be a high liquidity flip it fro a few points type play after you back at the history of this stock. so if I was to play this , I would be buying .0004/s and flipping half at .0005 and then other half at .0006 , that is what I refer to a high liquidity flip trade . Look for this one to trade 300 to 500 million shares tomorrow
New folks if you think you are going to catch a 100% plus winner everyday in OTC land you are sadly mistaken, get that thinking out of your mind set and concentrate on what is fact and what is PURE BS in pennyland . Trade and think like a thief ... They do !!!!!!
Folks if you are going to play these Quad stocks .0001 to .0009 , you need to be able to watch them on a daily basis and when they get up 800 to 1000% from .0001, and now back to .0004 in 1 week , please understand these boys are going to take the money and run , so even playing pull backs , you need to buy in 1/3's and have a mental stop in mind and stick to it