is...HEDGING EVERYTHING!!! EVEN HIS HEDGES ARE BEING HEDGED ;)
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With all due respect to an individual with 2,000+ followers...I'd have to respectfully decline.
Ihub for me is about freedom of speech...
I also call IHUB my "ear to the streets"...lol
I guess I've just never been a guy that needs people to follow in order to be a leader...I just lead.
I guess if i needed a group of lackies to follow me then that would make me a weak leader.
Or would the desire to conform/defer from your true self in order to gain followers make you a weak leader???
I unno... there's a quote that I have from last year...let's see if i still have it. . . .
SNMN All the way.
So Let's try to set a few things straight.
1.I've had many losing trades and some winning trades while I was in my "learning phase"...learned a lot by the way
2.I agree completely with you sir...a SEC halt and an almost immediate R/S are 2 of the things that would svck...also the 3rd thing that would svck is a pattern which I call the death drop. Which is a stock dropping from it's high all the way into a R/S with absolutely no bounce whatsoever...The SEC halt hasn't happened to me but I have seen it...the R/S has happened to me but that was before I got out of the investor/speculation mindset. and I still have those worthless stocks in my account today....as far as the death drop...I've seen it, but because of my trade criteria I've never been in that type of play because I have standards for me to enter a trade. But it's still possible for ANY STOCK...which is why I include them in the small % of inherent risk in trading these worthless pieces of paper call stock certificates.
3.Years of experience have no direct correlation between successful trading and trading strategy. If your strategy svcks...you will lose money....PERIOD
4.I NEVER stated my plan was full proof. I just said that under the scenarios that I would enter a stock/exit a stock my plans failure rate is so low that it borders on perfection.
5.followers do not equal success...not even gonna waist my time on that one...Success in the mind of the individual = Success...nothing more needs to be said on that one
6.Final point...If your trading strategy works for you...then run with it...I don't hold the key to the matrix nor did I create the matrix. I'm just a regular guy that loves trading stocks. My strategy works for me because I have tweaked it through trial and error over many of my 28 not 27...soon to be 29 years of experience and knowledge on this earth. I am not the one Way to the truth or to enlightenment...I am merely showing a different way to my enlightenment. I could care less how many people follow me or believe in me...because my happiness, bank account, and trading account don't lie.
SNMN
Wise King
I don't need to put the rest because It doesn't matter
Men lie...numbers don't
Lucky you for getting 7's
I would move my bid higher from .0006 to .0007, but I have a strong feeling we'll see .0006 & .0005 again before we see .006 and .005
SNMN
Wise King
No...I don't have 2 accounts and I don't need them. I'm fine with my one account.
Also I have no reason to "short" a stock. THat's a whole nother monster.
My strategy of averaging down and then buying on the uptick allows me to buy endless shares and not have to liquidate if the stock makes an up move.
I'm not aware of any brokers that let you short sub-pennies but I wouldn't do it even if I could. Also I'd have to find shares to short and I have no interest in trading what I can "find" and not what I can "buy".
This is the reason I can be short biased and still make money on a stock.
1.buy starter(example: .0009 $50)
2.immediately enter up to 8 orders on the bid to double down
Example
.0008 $100
.0007 $200
.0006 $400
.0005 $800
.0004 $1600
etc etc etc
3.IF the price skyrockets then liquidate
If the dillution/dumping occurs then avg down until the collapse stops and wait till the price rises just enough for you to dump your shares into the bid
Example
(You average down to .00045 with 10 million shares...then when the bid rises to .0005 or .0006 and there are 10million+ shares of demand...you dump all your shares into to the bid and make a nice 10% or more.)
This is the basic strategy but I can tweek it depending on how much money I'm playing, the chart, if there's any actual news, etc.
SNMN
Wise King
Trade or Die
no need for two accounts
no tricks or emotions...just candles
LOL...What I was saying is that another week has come and gone and still no news, no update, no name change...and we've dipped deep into the 7's.
I've also said numerous times that I already have a starter and I'm gonna win whether this goes up or down.
So I'm good either way.
SNMN is nothing special. nice chart...that's about it.
I'm still waiting for 6's and 5's and will not pay a tick more.
If it runs to a penny right now....then I'm up 1,000%+ with the starter I have....sounds like a perfect strategy to me...win if it goes up...win if it goes down.
Yawwn. Unless anyone can beat that logic, then I'll continue to use that strategy.
I'll check back in later...gotta go.
SNMN
Wise King
D@mn I love my trading style/strategy
no emotions...just candles
Oh yes... 7's getting taken out bit by bit. :D
Don't know if it's someone shorting, or someone selling....but either way the bid is getting chipped away.
I'm soooo close to getting my 6's...possibly 5's....and i doubt I'll get my 4's...but this the OTC so who knows.
Gonna be in and out today but I'll check my laptop and phone periodically.
Go SNMN
Wise King
Trade or Die
Hedge your hedges
No emotions, just candles
Wise King's Definition of a "Dump" - Any time an individual or group of individuals waits for the bid to grow big enough that they can sell a large number of shares into it. Usually resulting in the Bid being whacked.
The Individual or group can be; and individual seller, a trading group, group of friends, market maker/s, insider's, or the company diluting shares.
This practice can be for many reasons; liquidating ones position, purposely bringing the price down to load cheap shares from scared shareholders, the company diluting shares because the bid has grown large enough, etc.
I'm sorry if "my" definition of the word "dump" and how I choose to use it is cause for debate. I will try to use more IHUB friendly language from now on.
OH yeh...and I see that the bid now has 5 MM's on it at trip 7. That level might not get broken...but I still refuse to pay anything higher than trip 6 for this stock with no news.
SNMN
Wise King
Hedge Your HEdges
Trade or Die
No emotions...just candles
I agree with you sir. I know the MM's tricks as well...that's why I refuse to pay trip 7 to trip 9 for shares when I know they gonna shake the tree loose and I can get 6's 5's and possibly 4's!!! :)
I already have a starter so I'm cool whether they take it down or run it.
SNMN
Wise King
Trade or Die
No emotions...just candles
I'm very familiar with the OTC and the terms used.
I just like to use my own terms when I relate to how I trade.
The use of a word is individual to the person. Language is funny that way.
One word can mean 2 things.
Dilution, dump, bid wacking, selling into liquidity, big chunks of sells coming in on the bid and not the ask.
Regardless of what term you use, it doesnt change the fact that 8's just got crushed and now 7s up on the bid with my buy orders at .0006, .0005, and .0004.
Lesson learned ;)
Go SNMN
Wise King
Trade or Die
.0008 support taken out
Knows what he's talking about
not new to this
gonna get his 6's like he said days ago ;)
I would have to disagree...my definition of "dump" means something different than it does for you ;)
Also, the way I use the term "dump" is different than yours as well.
And considering 8's are being taken out strategically aka "dumped"...I would have to say i'm correct.
SNMN
Wise King
Bout to get my 6's and 5's today
TRADE OR DIE
Yes...dumping taking place...looks like I might get my 5's and 6's after all :D
SNMN
Wise King
Trade or Die
If/when they do I'll be ready to gobble up the cheap shares on the dip and then flipping on the bounce.
And if it runs to copper or silver 1st, then I already have a starter to ride it out.
Easiest strategy in the OTC.
Dump or Hold...I win ;)
No point in "warning" people and nagging.
I just let the play do what it's gonna do and respond accordingly.
Jesus Saves...I don't
SNMN
Wise King
Hedging my hedges
#f*ckEmotions...I got candles
Trade or Die
Life aint fair...so why should i fight that way ;)
SNMN looking good here.
I'm surprised there hasn't been massive dumping yet.
That already makes this play in the in the 10% of sub-pennies that don't get dumped on as soon as they touch .001
On 90% of the plays at this level you'd see 10+ million on the ask at each level and this one is around 1-4 million on each level of the ask.
Nice stair stepper chart with higher lows and higher highs on relatively low volume. Which means the flippers are being weeded out and it's becoming less profitable to flip as we move up.
This chart is screaming IMMINENT RUN!!!
The only ? is how high it will go before longs start dumping their shares, and management/insiders start dumping their shares.
Usually by now any other stock would have dipped back to mid to low trips allowing endless opportunities for flippers like me to avg down and keep the stock in a never ending cycle rising prices on momentum followed by dumping of shares into liquidity...aka the bid.
As far as rumors go...I wouldn't hold my breath on any of them until they materialize. That being said; the rumors if true would easily mean a test of .01 if not .02 cents in the next 2-3 months...maybe less.
Let's hope SNMN brings back the good old days of the penny market....where speculation brings on better gains than flipping for a few %. Not that flipping for a consistent 15%-20% over and over again isn't just as profitable...but would be a lot better to plunk $1k-$10k in a stock for a few weeks to a few months and checking your account and it blows up to $10k-$100k.
From a technical standpoint...chart is great...from potential rumor standpoint, fundamentals are great.
Glad to be a part of this with you guys...let's hope something materializes by End of Week so we can start next week with a full head of steam.
SNMN
Wise King
Trade or Die
Hedge your Hedges
Zero Emotions...Just Candles
Life aint Fair....so why should I fight that way ;)
d@mn...those last few 9's on the ask got snatched up quick!!!
Just got my funds too :(
Oh well...I'll just wait till run to start flipping on the way up. :)
SNMN
Wise King
Trade or Die
No emotions...just candles!!!
Starter...avg down...flip into liquidity ;)
Life of a flipper/trader ;)
LOL...this stock can be flipped during every dip on the way up.
I just wish i had more shares in the mid trip 0's :(
I still have a handful of shares left locked up for copper so I'm good :)
guess I'll grab some popcorn and watch the fireworks
SNMN
Wise King
trade or Die
Hedge your hedges
no emotions...just candles
Don't push too fast sir...i have funds clearing tomorrow and I need this to dip back to trip 7 or 6 so I can avg down :)
This is as clean a chart as I've seen in a about 2 years. The chart alone SCREAMS COPPER!!!
That being said, I know this pattern...it's gonna take 1-3 months for +.01 to materialize.
Let's hope merger, PR's, fins, name change, etc happen in successive weeks to keep the momentum going.
SNMN
Wise King
Hedging my Hedges
Trade or Die
F*cK Emotions...I got candles
Life aint fair...so why should I fight that way
Let's go 8's, 7's, and 6's... a temporary sell off would be nice before the next move up.
Phone calls and e-mails won't cut it...only news and name change will send this off.
Otherwise, let's enjoy the cheapies while we can and avg down if you can.
SNMN
Wise King
Trade or Die
No Emotions, Just Candles
Good Morning All :)
Funds finally clear today.
I will be avg down if she dips back into the trip 8,7,6 range
Looking forward to a good day :)
SNMN
Wise King
Trade Or Die
Hedge your hedges
no emotions, just candles ;)
Let's see if .0009 bids can grow here. It's gonna probly take another 20 mil or so to clear all the .001s they're showing and all the hidden ones.
SNMN
Wise King
lol...you really want in don't you?
if you grab 10 mil then you're gonna be in a great position when this thing takes off.
I wish you the best of luck sir.
SNMN
Wise King
TRade or Die
HOLY BID SUPPORT BATMAN 14MIL @ .0008
Guess I'm not getting those trip 4's or 5's anytime soon.
9's keep getting slammed. Somebody really wants in under .001 today
Let's hope there's no dumping/diluting on the way up to copper
SNMN
Wise KIng
TRade or Die
no emotions, just candles
Nice price action today. Chart setting up perfectly for a breakout.
I have more funds clearing and would love this to dip back to .0006 or .0005 temporarily. If not then I'm good with the shares I have left. I refuse to avg up :)
Next two hours should be very interesting. If we close higher than .001 today then we should easily see .002-.005 end of week.
SNMN
Wise King
Hedge your hedges
TRade or Die
No emotions, just candles ;)
I'm glad I still have shares left to. Those are locked up and ready for copper.
I'm praying that the price dips back to .0005 or .0004 one more time so I can buy a sizable portion to flip in the .00's.
Either way I'm good. That's why I love Avg Down in this price range cause you can make money on up or down swings. :)
Either way, I hope this week is the week. Been hearing that now for a month. I don't believe in phone calls, personal e-mails, etc. If it's not an 8k, filing, press release, etc then it's a rumor and I won't be holding my breath.
Good luck to you as well sir and hope to see you on the other side of copper :D
SNMN
Wise King
Hedge your Hedges
TRade or DIe
no EMotions...just candles
Life aint fair so why should I fight that way
LOL...I will definitely be shorting this on the pops and dips ;)
Looking forward to the next few weeks :D
SNMN
Wise King
Hedge Your Hedges
Trade or Die
honestly...the price movement & the rumors/buzz.
1. The Price movement along with the volume indicates momentum and a nice trade channel. Great for flipping/avg down.
2. The Rumors/buzz seems to be enough that it's keeping volume coming in and future buyers. I say rumors because I wouldn't trust a word from a CEO phone call. Unless it's a press release and or filing, then it's a rumor.
If you decide to hop in then I would drop in a starter and if it runs then great, you make a nice piece of profit.
IF the price bounces back and 4th between .0003 and .0008 then that's a perfect range for avg down and flipping one or 2 ticks higher. Cheap trick, but effective for making a quick profit off the short term momentum.
Play it or not is up to you. But I've found AVG down and flipping 1 to 2 ticks higher to be the best strategy in stinky pinky land...good luck
SNMN
Wise King
HEdge Your HEdges
D@mn...that 20 mil dump into the 6's was disgusting lol
now that person gonna put em up for sale at .0007... lol
If we close at 8 i'll be happy.
If they play this right and slam us with news, filings, on a weekly basis or every other week; then this thing will easily hit a penny.
SNMN
Wise King
Trade or Die
Life ain't fair so why should I fight that way
Hedge your hedges
Glad to see flippers running out of steam.
With good news and no dillution, this will churn nicely sideways and then uptick a few days...then sideways, then few days of upticks.
News has to come consistently including filings. Dilution has to be kept to a minimum so the PPS can rise. I'm hopeful but will hold my breath.
Would love to hold til copper, even silver...but high .00's is fine for me as i only have a few shares....we shall see.
I'll continue to watch from the background.
Good luck to all and it took a good month, but things are starting to swing back up for us.
GO SNMN
Wise King
Life Aint Fair, So Why Should I Fight That Way ;)
One Will, One Way
Trade or Die
Hedge your hedges
I'm glad you've found a way to trade pennies without using level 2.
I wish I had your courage.
For me; a level 2 and Time & Sales paired with a candle chart is the best it gets for trading pennies.
Can I trade pennies without L'2 and T&S??? Sure
But is it WISE to trade pennies without L'2s and T&S??? uh...NO
It's like driving without a GPS or map in an unknown country.
Sure you CAN do it...but it isn't wise...or safe
Best of luck to you in all your future trading.
Also, Swing Trading stocks over $10 per share is incredibly easy with a good old fashioned RSI, and a good candle chart. L2's aren't really needed for those. But that's just my 2 cents.
Pennies = L2, Time & Sales, Candle Chart
Big Board/$10 or more per share = RSI, Candle chart
SNMN
Wise King
Hedge Your Hedges
Trade or Die
Life Ain't Fair So Why Should I Fight That Way
One tick flippers always gonna be a problem in trip zero's. As long as true longs come in and hold for bigger gains and the company keeps us updated then we should move higher very quickly every day.
Also no dilution helps to ;)
Wise King
Hedge Your Hedges
Life aint fair, so why should I fight that way
NITE just got crushed...5's gone for now...let's blow through trip zero's for good today bulls!!!!!!
Wise King
SNMN
Hedge Your Hedges
Bid support growing...ask falling :)
25 mil @ .0003
x
7 mil @ .0004
Let's see how we finish power hour
SNMN
Wise King
Life ain't fair, so why should I fight that way ;)
Unfortunately bro, the L2 is all us regular traders have. It's pretty much a glimpse of what the sell and buy orders are at the "moment". Like you said...it can always change.
Level 3 is the best of the best but good luck having access to that unless you're a market maker.
I use Level 2 w/ Time and sales as the best way to dictate the actual flow of supply/demand. The level 2 gives me a picture of; support and resistance, liquidity, market makers, fake bids/asks, and what the market makers/other traders "WANT" me to see. The L2's can be faked.
Time and sales however cannot be faked and show exactly how many shares are being sold and bought in real time. I can also watch to see if games are being played. For example; I see a Market maker with 10,000 on the ask, then it looks like he can be taken out with a small slap...but I look at my time and sales and I see millions of shares being bought on the ask and his block still isn't being lowered. Tells me that he has a TON of shares and he might really have 10million instead of 10k.
Time and Sales/L2's with a nice candle chart is pretty much all you need to effectively gauge if shananagins are taking place.
SNMN
Wise King
Hedge your hedges
Trade or Die
Average Down then sell 1 to 2 ticks higher
:D
LOL @ 30 Mil Float
not a chance...float's probly more like 300 mil...still not bad for a stinky pinky...but if the float was 30 mil then this would already be up into .002-.004 with the amount of volume being bought.
Still looks like a great play at these levels...I might have to free up some funds to jump in before the real run takes off.
SNMN
Wise King
Hedge your Hedges...Trade or Die ;) ;) ;)0