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RSH'a stores in general are not inviting. I would go everywhere else first and leave RSH as my last choice.
They have always been that way as far back as I can remember. It's not surprising to see RSH where they are now....it's been years in the making. They didn't know how to evolve, so to speak and stuck with an outdated store setup.
Reminds me of an OTC stock a few years back where some guy was making Christian based video games. We all know how that company ended up....
I remember hearing a trader say Wall Street itself is one massive pump and dump.
I'm guilty of the "it's going to go higher" charge. Almost 2 years ago, I had $34K in profits on paper in an OTC stock before cashing out. The "it will go higher" bug bit me and I ended up with only about $5-10K in profits cashed out because some traders were disciplined to take their profits before I did.
Lesson learned and I did much better on some subsequent trades. The other side of that coin is not cutting losses quickly. Guilty there, too....would let a loss pile up because "hoping" was my strategy...I hope it recovers (it didn't), I hope more people buy (they didn't), I hope the company release a solid PR (they didn't), I hope this is a real company (it wasn't).
'Hope' no longer belongs in my trading strategy. Tech/Fin analysis with overall market analysis has replaced 'hope'.
Clay, I just want to publicly thank you for posting that article about trading without education months ago.
I am officially a full time trader and cannot thank you enough for the videos you put together, the analysis you do and the Inner Circle team. IC is the truth! I look forward to hanging out in IC, contributing and seeing some valuable alerts to follow up on. I love a pump-free zone like IC.
Thanks again, Clay. Your training resources has produced so many "aha" moments for me, it's not even funny.
Thanks for helping to prepare me for Monday, October 6th, 2014, the day I start working for myself.
#BossFree4Life
Excellent post.
Starbuxsux, I like your hustle. You don't play around when it comes to digging up news and great info on company....learn a lot from you through your posts.
Thanks for all you do.
Folks, follow this man. AntiMarketMaker's posting history is extremely educational.
Bob, how long have you been investing / trading? I am following you and you make some really good picks and know how to cut your losses like a date that turned sour.
I may pick up COBRA for one month to cover my surgery and follow-ups. COBRA is super expensive.
I know all is going to work out for the greater good. It sucks going through it but growth cannot happen without these challenges.
Play the hand that you are dealt!
In less than 2 weeks, I move from employee to full time stock trader. Part of the reason is due to my company relocating my position back to the corporate office in a different state. Long story short, I cannot move with the position and have opted to go for my dream of working for myself as a full time trader.
As the date is getting closer, I am getting more and more excited. I am starting to rev the engines up and map out my daily rituals to support full time trading. I have picked up some bigger monitors, I have a new machine and I am ready to go on October 6th (last day working for my company is October 3rd). All is looking ready to go and things are lining up. Ding dong! Who is that at the front door? Uh oh, guess who is here for dinner? Murphy’s Law!
My left shoulder started having some pain about 2 weeks ago depending on how I moved my arm. I had a similar issue on my right shoulder 6 years ago that required surgery and kept me out of work for a month. So, I went to the doctor yesterday, they did some tests and guess what? I have the same exact issue on the left side as the right side. Same exact symptoms and limited range of motion due to the excruciating pain, which will require surgery.
Oh, Murphy’s Law is staying for dessert and wants to sleep over. It gets better.
My medical benefits run out at the end of October. Because my doctor cannot readily recommend surgery (these type of injuries can only be corrected with surgery), I have to go to physical therapy for 4-6 week and do some other things before surgery can be recommended to my insurance carrier, which would be cancelled at that time and a new insurance carrier will make me pay new deductibles for 2014.
Wow! So that’s how life wants to play, huh? My job is gone, benefits soon to run out and now, medical treatment that will extend beyond my current coverage, resulting in new deductibles i.e. higher out-of-pocket costs. Deal those cards, damn it! Let’s play!
That’s how life is. We don’t know what it is going to deal us. We just have to realize we came to the table to play, no matter what. When you have a trade going for you and that trade suddenly reverses in the blink of an eye and takes all of your profit and hands you some losses, guess what? That’s the hand that you were dealt in that given moment. It does not mean for you to quit playing altogether. You may just need to come back with a better strategy on HOW to play the hand you are dealt.
It’s hard to accept setbacks and losses as a part of The Game but it is. The beauty of playing cards with life is not about getting the perfect hand. It’s about knowing how to play the hand that you are dealt.
Whether you have lost a job, lost some of your health, lost a relationship, lost a portfolio, this was the hand that you were dealt during THAT particular card game. However, keep playing, keep returning to the table to play with life! Don’t stop learning how to maximize the cards in your hand. Learn what you can do better next time and apply it accordingly.
You cannot control which cards life will deal to you. You can only play them to the best of your ability. Always play to win, don’t play to not lose (not the same thing).
Play the hand that you are dealt!
In less than 2 weeks, I move from employee to full time stock trader. Part of the reason is due to my company relocating my position back to the corporate office in a different state. Long story short, I cannot move with the position and have opted to go for my dream of working for myself as a full time trader.
As the date is getting closer, I am getting more and more excited. I am starting to rev the engines up and map out my daily rituals to support full time trading. I have picked up some bigger monitors, I have a new machine and I am ready to go on October 6th (last day working for my company is October 3rd). All is looking ready to go and things are lining up. Ding dong! Who is that at the front door? Uh oh, guess who is here for dinner? Murphy’s Law!
My left shoulder started having some pain about 2 weeks ago depending on how I moved my arm. I had a similar issue on my right shoulder 6 years ago that required surgery and kept me out of work for a month. So, I went to the doctor yesterday, they did some tests and guess what? I have the same exact issue on the left side as the right side. Same exact symptoms and limited range of motion due to the excruciating pain, which will require surgery.
Oh, Murphy’s Law is staying for dessert and wants to sleep over. It gets better.
My medical benefits run out at the end of October. Because my doctor cannot readily recommend surgery (these type of injuries can only be corrected with surgery), I have to go to physical therapy for 4-6 week and do some other things before surgery can be recommended to my insurance carrier, which would be cancelled at that time and a new insurance carrier will make me pay new deductibles for 2014.
Wow! So that’s how life wants to play, huh? My job is gone, benefits soon to run out and now, medical treatment that will extend beyond my current coverage, resulting in new deductibles i.e. higher out-of-pocket costs. Deal those cards, damn it! Let’s play!
That’s how life is. We don’t know what it is going to deal us. We just have to realize we came to the table to play, no matter what. When you have a trade going for you and that trade suddenly reverses in the blink of an eye and takes all of your profit and hands you some losses, guess what? That’s the hand that you were dealt in that given moment. It does not mean for you to quit playing altogether. You may just need to come back with a better strategy on HOW to play the hand you are dealt.
It’s hard to accept setbacks and losses as a part of The Game but it is. The beauty of playing cards with life is not about getting the perfect hand. It’s about knowing how to play the hand that you are dealt.
Whether you have lost a job, lost some of your health, lost a relationship, lost a portfolio, this was the hand that you were dealt during THAT particular card game. However, keep playing, keep returning to the table to play with life! Don’t stop learning how to maximize the cards in your hand. Learn what you can do better next time and apply it accordingly.
You cannot control which cards life will deal to you. You can only play them to the best of your ability. Always play to win, don’t play to not lose (not the same thing).
Play the hand that you are dealt!
In less than 2 weeks, I move from employee to full time stock trader. Part of the reason is due to my company relocating my position back to the corporate office in a different state. Long story short, I cannot move with the position and have opted to go for my dream of working for myself as a full time trader.
As the date is getting closer, I am getting more and more excited. I am starting to rev the engines up and map out my daily rituals to support full time trading. I have picked up some bigger monitors, I have a new machine and I am ready to go on October 6th (last day working for my company is October 3rd). All is looking ready to go and things are lining up. Ding dong! Who is that at the front door? Uh oh, guess who is here for dinner? Murphy’s Law!
My left shoulder started having some pain about 2 weeks ago depending on how I moved my arm. I had a similar issue on my right shoulder 6 years ago that required surgery and kept me out of work for a month. So, I went to the doctor yesterday, they did some tests and guess what? I have the same exact issue on the left side as the right side. Same exact symptoms and limited range of motion due to the excruciating pain, which will require surgery.
Oh, Murphy’s Law is staying for dessert and wants to sleep over. It gets better.
My medical benefits run out at the end of October. Because my doctor cannot readily recommend surgery (these type of injuries can only be corrected with surgery), I have to go to physical therapy for 4-6 week and do some other things before surgery can be recommended to my insurance carrier, which would be cancelled at that time and a new insurance carrier will make me pay new deductibles for 2014.
Wow! So that’s how life wants to play, huh? My job is gone, benefits soon to run out and now, medical treatment that will extend beyond my current coverage, resulting in new deductibles i.e. higher out-of-pocket costs. Deal those cards, damn it! Let’s play!
That’s how life is. We don’t know what it is going to deal us. We just have to realize we came to the table to play, no matter what. When you have a trade going for you and that trade suddenly reverses in the blink of an eye and takes all of your profit and hands you some losses, guess what? That’s the hand that you were dealt in that given moment. It does not mean for you to quit playing altogether. You may just need to come back with a better strategy on HOW to play the hand you are dealt.
It’s hard to accept setbacks and losses as a part of The Game but it is. The beauty of playing cards with life is not about getting the perfect hand. It’s about knowing how to play the hand that you are dealt.
Whether you have lost a job, lost some of your health, lost a relationship, lost a portfolio, this was the hand that you were dealt during THAT particular card game. However, keep playing, keep returning to the table to play with life! Don’t stop learning how to maximize the cards in your hand. Learn what you can do better next time and apply it accordingly.
You cannot control which cards life will deal to you. You can only play them to the best of your ability. Always play to win, don’t play to not lose (not the same thing).
That's an excellent way to put it...bounces need to be viewed as guilty in an overall downtrend until proven innocent (able to maintain their gains).
Stock Goodies YouTube Channel: An excellent resource. I highly recommend one subscribes. The training is very thorough:
https://www.youtube.com/channel/UCd8Nb-rVE2iX_BIbvd41gKA
Hey LA19. I feel your pain. I am losing my job next month as well that I have been in for the last 8 years. I actually posted about this experience for me to encourage others to keep pushing through their challenges. I hope you can find some words of encouragement and inspiration from it to keep pressing on. Best of luck to you and your investment in EWSI:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105081989
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105464184
Starbuxsux is a beast.
Great way to keep the losses small. Awesome. I am learning a lot.
Lol! I agree 100%. I remember seeing Robotic Trading when I first got into pennies in 2011 and found iHub. I thought "I am not buying anyone's videos. I will learn on my own."
Only if I had a crystal ball and could see how much I truly didn't know and how much I would have learned through RT, RT Skill Sharpening and his others videos, things would be different.
No lingering in the past. I am grateful to have found ClayTrader's teachings at the right time to prepare me for the next chapter in the book of becoming my own boss.
Blanka, thanks for those words of encouragement.
Confirmation came today (not candlestick confirmation) that I am really losing my job. I received an official e-mail from HR to go over my severance package and other miscellaneous documents. In addition, my senior manager informed me that my position has been officially posted.
The strange part is that those closest to me seem to be more uneasy and uncertain than I am. I just have an overall sense of calm and peace that everything is going to be better than okay. Before work, on my lunch break and after work, I spend time learning the market…how it works, practicing technical analysis, tightening up on fundamental analysis, organizing my soon-to-be trading area and more. I just don’t feel stressed like some people expect me to be in this situation.
I know I have bills to pay, a daughter and a wife to take care of, etc but I just feel that THIS IS IT! This is the time. I say this because I have been preparing for this for months, if not years. I am one to always talk about taking my financial destiny into my own hands. I always wanted to run my own business. I just didn’t think it would be like this. I didn’t think my position would be relocated and I would not be able to move with it to continue to receive a paycheck. I thought that I would have all of my bills paid up and everything would be “just right” before I started working for myself.
It’s funny how you plan for things to be “just right” and life comes along and washes away the plans you wrote in the sand.
I don’t feel 100% prepared but maybe, just maybe, life believes that I am. Maybe, just maybe, life sees something better and said “You are better than this. If you are not going to move along, than I am going to move you along.” Maybe, just maybe, when we find ourselves dreaming, wishing, thinking and becoming obsessed with being more successful and getting the juice out of life but fail to make that one step because of fear of the unknown, life hears us and says “I am coming to move your ass along! Your dreams are bigger than this company can ever compensate you for and I am going to force you OUT of your comfort zone because that is where growth and success awaits you.”
I am at that point now where I was uneasy about stepping out and becoming a full time trader because of several excuses I told myself; I didn’t paper trade enough, I needed to watch more of these videos, I didn’t finish this book yet, my account is not big enough.
Life must have thought better and said ‘You are ready. Get out into the arena and fight for those dreams you have been talking about. Fight for that future you speak so passionately about. Battle for that lifestyle you envision so clearly.”
So, while I am uncertain of where this will end up, I am excited about the future. I am excited about the opportunity to write my own paycheck. I am excited about living my dream of being my own boss.
There is no time to entertain fear. Now is the time to get excited and run full force towards your dreams! Start where you are with a vision of where you want to end up. You are worth it!
<
Confirmation came today (not candlestick confirmation) that I am really losing my job. I received an official e-mail from HR to go over my severance package and other miscellaneous documents. In addition, my senior manager informed me that my position has been officially posted.
The strange part is that those closest to me seem to be more uneasy and uncertain than I am. I just have an overall sense of calm and peace that everything is going to be better than okay. Before work, on my lunch break and after work, I spend time learning the market…how it works, practicing technical analysis, tightening up on fundamental analysis, organizing my soon-to-be trading area and more. I just don’t feel stressed like some people expect me to be in this situation.
I know I have bills to pay, a daughter and a wife to take care of, etc but I just feel that THIS IS IT! This is the time. I say this because I have been preparing for this for months, if not years. I am one to always talk about taking my financial destiny into my own hands. I always wanted to run my own business. I just didn’t think it would be like this. I didn’t think my position would be relocated and I would not be able to move with it to continue to receive a paycheck. I thought that I would have all of my bills paid up and everything would be “just right” before I started working for myself.
It’s funny how you plan for things to be “just right” and life comes along and washes away the plans you wrote in the sand.
I don’t feel 100% prepared but maybe, just maybe, life believes that I am. Maybe, just maybe, life sees something better and said “You are better than this. If you are not going to move along, than I am going to move you along.” Maybe, just maybe, when we find ourselves dreaming, wishing, thinking and becoming obsessed with being more successful and getting the juice out of life but fail to make that one step because of fear of the unknown, life hears us and says “I am coming to move your ass along! Your dreams are bigger than this company can ever compensate you for and I am going to force you OUT of your comfort zone because that is where growth and success awaits you.”
I am at that point now where I was uneasy about stepping out and becoming a full time trader because of several excuses I told myself; I didn’t paper trade enough, I needed to watch more of these videos, I didn’t finish this book yet, my account is not big enough.
Life must have thought better and said ‘You are ready. Get out into the arena and fight for those dreams you have been talking about. Fight for that future you speak so passionately about. Battle for that lifestyle you envision so clearly.”
So, while I am uncertain of where this will end up, I am excited about the future. I am excited about the opportunity to write my own paycheck. I am excited about living my dream of being my own boss.
There is no time to entertain fear. Now is the time to get excited and run full force towards your dreams! Start where you are with a vision of where you want to end up. You are worth it!
<
SummerSlam was pretty good. However, I did have a few hiccups with the stream via my Roku box. It may have been the Roku as a friend of mine who has the Sam exact model had the same hiccup.
Thanks, Gary. I printed out a lot of the Chart School guides but missed this one. It answers my question.
Thanks again.
What is correct candle confirmation, about the high/ low of the previous session or above / below close of candle?
Nice post!
Board going under reconstruction.
Eleniak, I have a question for you. Who eventually pays for all of these losses? Are they just written off and disappear into thin air or will the investors ultimately pay the cost?
Just curious.
Just a general question. Does anyone believe Marty is running the company effectively enough to justify his $400,000 (or whatever money he is getting) compensation?
VNDM (dilution) is owning the ASK. They are sitting right on top of it. $3800 now on the bid.
10/50/200 SMAs are all pointing down hard with the 10 sitting as resistance. I am loving this (the educational portion, not that people are possibly losing a lot of money playing this ticker).
You are definitely on the right path. I lost a bit and won big in EWSI in the past. If I was aware of ClayTrader's courses, I believe I would have racked up much bigger gains and kept those losses tighter. I count it as tuition paid.
G/L to you and keep at it. Never give up.
R/S hurt shareholders, no matter how anyone tries to spin it. Some companies do recover from R/S and go on to become great tickers but generally speaking in OTC land, R/S is the beginning of a vicious cycle to a RRH on shareholders.
RRH = Reverse Robin Hood - Rob from the poor and give to the rich (or those running the company and on the inside).
The chart is showing that it is down trending. However, organized trading groups can come in and run this up, sideways, whatever.
By spiking this quickly, they impact the psychology of those who are emotional traders (I am speaking from past experience). Then, those "late comers" come in, push the stock up more and more people start pouring into EWSI.
There are some educational videos on this process and it is mind-boggling when you see it play out. I love learning and I am getting a great education on Pennies watching EWSI.
Lol! Because the OTC - I have seen that it means Occupied by Thieves and Conmen - Markets are up, that doesn't negate the fact that their "rules" strongly encourage individuals to list "companies" that only have shares as their "business" model and have the HUGE loophole to wash, rinse and repeat until people catch on. I place a level of blame on the OTC Markets because they have levels of listings that virtually scream THIS IS MORE THAN LIKELY A SCAM a.k.a Pinks. The QB is not too much better in my opinion as most of the QBs I have dealt with act like a Pink until they get knocked down to Pink or go to the Grey Markets or the SEC comes a'knockin.
The major boards do have their challenges but not like the OTC Markets. Like I said before, if you are going to play the OTC, make sure you are on the right side of the Kool-Aide pouring.
Kool-Aide pouring does exist on the major boards on a much grander scale i.e. CNBC, SeekingAlpha, Yahoo Finance, StockTwits, etc. You would be naive to believe it doesn't to some extent or another. Again, the same principle applies...which side of the Kool-Aide pouring are you going to be on?
IMHO, filings on the OTC Markets are about as reliable as used toilet paper. I don't waste my time. If the company is garbage, why do I care to read their spin on their trash, trying to convince me it is really treasure? Lol! I just follow the trail of the Kool-Aide pouring and try to sniff out who is pouring it, when they are pouring it and spot consumption levels on Level 2 and the charts. Then, I trade the stock accordingly.
This is not to say ALL companies on the OTC are trash. However, the majority that get attention ARE trash so I don't even waste my time trying to find the good ones. I'd rather dedicate that time to scanning the major boards where I can find more companies that are liquid enough for me to drop a large amount of cash and have enough liquidity to get in and out with profit, if I so choose to play it.
Yup, just saw the .0027 one come in.
This will be interesting to watch in the upcoming days. Good luck to all who are playing it.
Ouch! $10K dump at the .0021s end of day. Yowsers.
I think you misunderstood my post. I didn't say all new companies. I said the OTC Markets.
The OTC Markets in general is a con job. What a loophole where "companies" can dilute all the way down to .0001s, reverse split and then do the process all over again until people decide to "catch on" and stop investing in that stock.
It's bigger than EWSI. The OTC Markets in general is a con job. What a loophole where "companies" can dilute all the way down to .0001s, reverse split and then do the process all over again until people decide to "catch on" and stop investing in that stock.
Tim Sykes said it best: The OTC is a garbage dump. He and others know that and play it for what it is, trading trash for dollars. I'll readily admit that I stick to mostly big boards now. I am just watching a few penny companies like EWSI to see how they chart and move on Level 2, not necessarily to wager any money in an overall downtrending stock like EWSI.
I don't even waste my time reading OTC company filings. They generally have about as much value as USED toilet paper.
All one has to do is look at the charts (all trend signals are pointing down) and Level 2. You don't even have to waste your time looking at filings. The market is telling you in real time what it thinks of EWSI.
There is $13K (showing) on the bid at .002.