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doing better, not sure you heard my story from last year. My old broker(timberpoint) robbed me of pretty much most of my money. Was dealing with that for awhile. Finally got back to trading with another propfirm(lewis trading firm) and as soon as starting doing well those guys pulled same crap lol finally up with a big reputable firm as of last week and doing better. Need these pot stocks to stay crazy for another month or two so I can build up again.
you don't need deep pockets. Think they charge $1 on your card and its free for 30 days. Easy to cancel too, don't have to call or anything. You might end up keeping it, one good trade will pay for a years worth.
weird, tried placing a tester buy just to check and says invalid symbol. Does this one not do the daily re-balance stuff that eats away at its value?
very promoish looking and new chart. Might not be worth messing with it given how many pinks with better history are going nuts right now.
got to love dem trip zero "legit" stocks lolz
crazy, guess loading up on marijuana in December was the back account play. Totally missed most of the run but glad its this high up and going crazy. Did very well on it today playing bounces, Ryan nailed it a bit too although his early am sells were a bummer. Crazy liquid, can do 100-200k+ shares and get filled pretty good both ways.
how are you doing bud? Trading again? Things going well?
get that part. just weird not showing any volume on stockcharts and under profile says 25k min initial investment.
nice, good timing. Thinking SPY does another 2-4% down then bounces some? Don't want to chase here but will definitely be looking for lower highs next bounce to snag some puts.
man I got to flip my etrade account next few days and get centerpoint up and running. Imagine what we could do on way down shorting otc/pinks when spicket get turned off...
DXSSX is that a mutual fund type deal or something?
looks like markets losing some important resistance levels. Unless markets snap back tomorrow we'll be testing 200 dma and that bigger trend line below in a hurry.
Been a long way up here, this might be the beginning of an end for this bull market. Just has that feel, like our convo in chat about pink/otc markets. Seems like after each major bull top when big boards start to crash OTCBB and pinks go crazy. Pinks have just been absolutely ridiculous of late.
this train left over 2,000% ago lol
which ETF? Am sure you probably know leveraged ETFs make no sense longing if you looking to hold for some time. Shorting long ETF works way better as decay works in your favor, probably a big reason why them puts are pricey.
agreed, definitely a scary time to be aggressively long. short too but speculative shorts off resistance levels do seem more inviting than going long off little dips.
markets been strong for years now and no sizable dips but its been a slow grind up. doubt this market is capable of pulling a big move higher quickly but if it does break down it could get very ugly in a hurry. guess that helps with risk/reward from short side.
hoping markets stay up for awhile longer, perhaps buy puts on some bloated pigs heading into summer.
good eye/timing on swapping into short side last week though. this has been the biggest pull in about half a year.
markets still in uptrend. here is a 2 year SPY chart, its been trending up in a picture perfect channel the whole time. only good risk/reward short is near the top of the trend line and covering into support. There is shorter term trend line support 175 area, then 200 dma support 169sh area and multi year trend line support 158sh. Until markets lose these support levels, hold under and these points become resistance there is no point to get overly bearish. Or course shorting into resistance points higher up can work given they offer high probability trades with small risk stops.
it doesn't take a rocket scientist to point out heavy traffic area on chart.
Tops and bottoms are generally formed on highest volume. Volume here today was insane all day but surprisingly there wasn't a big blow-off volume spike at highs. There was a ton of volume .0027-.0029 eod and I suspect those shares will get sold into am rush.
Not sure if you follow trend lines much but on 2/5 min intraday it finally lost support .0042 area and never looked back. There is a longer 5 min support trend line spanning back to Friday that was breached .0033 area. Just my guess, likely a lil gap/run .0032-.0035 area in am that will get sold into followed by a drop to .0018-.002 area.
as well you should, congrats. No point focusing on advice from those who don't follow it themselves. Even worse paying for that advice.
and this is why you sell news on advisory board approvals when FDA have big concerns. since premarket highs your foot long is down to 8 inches.
this is advisory panel, FDA doesn't always go along especially when there is risks involved. FDA might give an approval with restrictions which would cut into potential market. They could ask for more trials regarding safety issues.
Have no position but will likely day trade it tomorrow, got see what price action looks like. Guess anything is possible but given all the potential risk its hard to see this as a run away train.
hopefully shorts won't pull your pants down. chances are this news will get sold into and from long side it probably makes sense to wait a few days to see where it settles before buying. it'll probably go up leading up to FDA meeting but highly doubt it'll do it from 6, chances are it'll fill back the gap to 4.5.
think you might need to light one up and chill on the caps.
stock trading from 2s to 6 on advisory panel reco is a bit much given FDA concerns. long side tomorrow will be extremely risky.
In the document, FDA staff wrote that the decision whether or not to approve droxidopa is "complex," noting that strong evidence from one clinical trial indicates that droxidopa confers "at least one week of symptomatic benefit," but also that there has been no durable effect, i.e., more than 1 week, demonstrated for droxidopa. The document also notes that Shire (SHPG), the sponsor of midodrine, an approved drug for symptomatic orthostatic hypotension, is currently being tasked with completing 2 adequate and well controlled trials to demonstrate that drug’s symptomatic benefit. The document also states that there were "numerous concerning safety findings" related to droxidopa.
it'll likely be a good short into am strength tomorrow. Its only advisory panel recommendation, not FDA approval. it appears FDA have some major concerns given comments last week and stock had already run up leading up to this meeting. given the risk surrounding FDA decision and 150-200% overnight gains might be hard to digest.
if you trade enough shares even a few cents make for nice gains. markets move both ways, gains long or short don't carry an asterisk.
its been crazy, SPY 3 year chart looks like a pink sheet promo lol you know it'll get ugly quick when it breaks but not much point to guess a top. rather see it break first then reshort bounce looking for lower highs.
its working on it...
GYRO sheesh make it stop
VISN crushed -24% FREE -14% DRYS -6% ARIA finished -1% but did a 10% drop early.
Its a bull market but there are still good short opportunities.
BORN big run today and it doesn't like to hold gains much. Would be nice to get a quick run early am to short into.
yeah it was quick. i completely missed it, was watchign too much stuff
there was that 5.9s low... nice grab
Dot com bubble certainly helped peak my interest but didn't have much money to invest and was worrying about college. Couple years into college that changed as trading made more sense than a dead end degree. Build up during dot com crash and ensuing rebound.
True S&P500 returned 3%(?) assuming all money got invested at once during the peak. Someone putting away a % of their paycheck each month would enjoy well into double digit returns when taking into account two bear markets with 100%+ returns from lows.
Pennies were(are) amazing, sad to see those markets slow. Strange as it sounds pennies are safer for me to trade. Don't need to risk as much $ to make more. Some can even make quick 5-10% off spread without bxa changing. Big boards have to fight computer algos that are programmed to rip you off. Risk halts with more sizable position on hand, etc.
You can make that my whole adult life. Started taking up interest in markets @ 16.
no I am not 30, ihub doesn't update age and haven't bothered to change it for some years now.
you are clueless. Been doing this for a living for much longer than 10 years. Not just supporting myself but my mom, helping my sister, etc. Not just helping a little, mortgages and everything included.
20% a year at this point is a joke for me. Especially building up from scratch with a small account. 2,000%? Easily attainable, not on a prayer either, every day grinding out gains trade after trade. You hopefully understand how money exponentially builds. With 500k account it'd be tough to get those %s because it'd be hard moving larger sums efficiently through quick trades and there would be no need to use leverage.
BTW thanks for lessons non trader. Got to love someone telling you can't do something when you done it your whole life.
Just curious why a non trader wastes time on trading boards. If you haven't bought or sold any stock in years you are not making a living doing this. Business and lawyer fees pay your bills?
Nothing wrong investing long term. Anyone can put away a little $ every month over few decades and have a good retirement saved up just investing in s&p 500 index or dow. That requires a job and lots of patience.
Buffet is a market genius and made about 20% yearly return. Nice return managing a LOT of money. Frankly my returns need to be a lot higher.
If you don't trade why are you here?
it'll be a great short soon... pos company, just like that CCME or whatever china scam.
only reason its running is because it reverse split, somebody cleaned up the tiny float, trapped some shorts and can easily control the stock.
Can it go higher? hell yes. low floater, risky, bad spreads, not really my type. Only posted because its one of those that'll have some longs hold $5 to $50 and sell next year for tax loss reasons lol
never claimed to be smarter an average investor. What I said people that short tend to be smarter than average investors. For many reasons but biggest is someone not tied to one direction has more opportunities. Buy low, sell high = make money. Sell high, buy low = make money. If one knows how to manage risk why be tied to long side only?
My last broker appears to be a fraud. Guy that owns the firm won't honor any client fund requests. He'll likely end up in jail. Happens in this biz sometimes, guess if I was with bigger firm like Ameritrade or Etrade this could have been avoidable but even bigger firms run into issues, ex PFG.
"Sounds like you're being set up... again."
Yeah I am being set-up. To work trading with no financial risk to myself.
ARIA good support 6.4-6.5 but think it goes lower yet, they sold tons 7+ over few days. Probably scared out many shorts as $7 held and stuck bunch of new longs. Needs some panic to weed out recent buyers IMO Perhaps 5.90-6 area next followed by 5.50? With that said we'll probably be buying 5 area loading to the gills and it'll struggle to bounce more than a few pennies lol
VISN what a nutty stock. Not going to trade as won't have borrows when need them but man this will tank quick when it turns. Probably 50% within couple days.
So dirty that initial run to $18 had borrows every day until the day it topped $18. Heard some traders that were swinging it got force covered near highs too. Then no borrows whole way down until it dropped under $6, all the sudden short away all you want while it bounces huge lol