Followers | 1650 |
Posts | 18,274 |
Boards Moderated | 1 |
Alias Born | 11/10/2004 |
Twitter Profile: | Temporarily Unavailable |
Follow on Twitter: | Follow @ Temporarily Unavailable |
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
ANV
http://stockcharts.com/h-sc/ui?s=ANV&p=D&yr=0&mn=3&dy=0&id=p59282636360
Follow the original chart I posted. In & out. Look like $4 wasn't the stall point. Still feel $4.50 if 3.75 broken. That gap in the middle should carry it up. I did notice the shorts did well, covering their way out with price contained on the large volume. They had lots of power. Now investors have a chance to continue. Possible.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103163690&txt2find=ANV
PS; love your exit reason. Protect those gains !!! One in the bank is worth 2 in the possible future.
WAY to much already happened. Yes a weak 2 day flag, but NO volume supporting new top resistance break for continuation. IMO your jumped out of the fire into the frying pan. I'd expect the June 12th volume was the last of the shares for sale. Now you have no one feeding (selling) into any continuation. IMO shouldn't by chart patterns before breakout.
Good luck - Gaps below, with little volume support.
http://stockcharts.com/h-sc/ui?s=QTMM&p=D&yr=0&mn=3&dy=0&id=p11370589997
Wouldn't get my attention.
It's more about trend and day trade historical time of day reversal points. Stack build signals manipulation pre reversal. If what you expect to see, happens when you expect it to. Enter or exit. If build and reversal timing isn't matched. Let it go on it's merry way. Is my way of day trading.
Sentiment, Psychology
The Psychology of a day trade chart is Run or retrace open to 10:30. 10:30 to lunch retrace or climb to lunch, Lunch stall Mid price swing level. Post lunch repeat morning cycle at 1/2 the price swing. Two trades a day; afternoon 1/2 the morning.
The Sentiment is seen in Ask or Bid build. Which indicates reversal of direction wanted. M&Ms chase volume. Direction chases volume. Build the ask, M&Ms will follow. Build the bid, same, in a hot stock day. If not timed to a typical day traders chart pattern, it could run or dive and not reverse again. To give you a entry or exit timed just after reversals.
Sorry I missed your question.
I don't use minute charts, event when day trading. Which isn't often and only at the OTC. (Never day trade big boards personally)
When day trading, I look at bid/ask stacks mainly. And judge entry/exit, depending on those stacks, at historical reversal points for times of day patterns.
Explaining that would take too long and involves years of experience and daily factors. But in general, OTC stocks don't follow charts well. Especially on a hot day. And a hot day is the only day, one should day trade at all.
So OTC day TA & charts (IMO) don't help a day trade much. But rush hour, pre lunch, lunch, post lunch and close direction has meaning. And when you find the right combination of ask build or bid build, along with time of day. You can do pretty well with your entries and exits.
IMO 70/30 yes.
But innless I was privy to inside info, it's always a guess. Right now it's a "Who knows what evil lurks in the hearts of men" thing.
If there are still shares for sale. The retail herd could be buying more at .007 cents a share.
Thanks for the question. Good subject and I haven't seen many questions lately.
Trade planning, for someone else, is a Hard question. But since the Game goal is max profit over 3 months, it gets easier. I wouldn't personally worry about diversification. As for using margin trading, IMO stay away, in a game or real life.
I post it's all in the numbers, often, at the board. And one needs to set up a business plan to attain success, trading the market. If your business plan is get as much gain as possible, in a quarter. That plan should be designed differently then one producing income or retirement funds.
Thus you want to trade in the small cap area. Because math produces larger gains, the less expensive the stock. Also you receive larger gain, when a stock price increases, then when it decreases. So shorting should be an exception, more then the rule.
Swing trading in the under $15 range, would be the sweet spot for a 3 month trade plan, with largest profit as goal. If the goal was successful trade ratio, price range wouldn't matter as much. You could diversify and use position sizing to reach a fixed financial goal. Building some safety into your wants and needs business plan.
Margin trading, IMO is mainly for high risk gamblers in the market. And trading a margin account, requires much more attention being payed to both your account balances, (especially if pattern day trading). And plays that are active. Gain/loss level, will effect overall profit/loss on margin traded round trip trades, as gain/loss interest; on loan proportion, will effect results greatly. (They don't take the loss, you do.) Add to that; there are so many rules, over seeing margin trading. Event with attention, you may end up with unexpected charges and fees, when the trade is complete.
https://www.tdameritrade.com/retail-en_us/resources/pdf/AMTD086.pdf
But hey, if a stock is going crazy and you want to go large, can't beat an extra $100k in the mix. Just remember to take profits when they present. As personal losses increase larger on a margin trade, when a retrace doesn't bounce. (page 2 in the link above) Really really need to protect those gains, when using margin loans. Plus break even is now margin interest, fees and regulatory costs, higher then entry.
AMBS OTC strong watch, squeaked past top resistance. Looking for re-entry @ .11, with flag target @ .135. (.13 exit, previous high) IMO day traders played with it today. Probably head down in rush hour Monday, as they sold into the close and need reload.
http://stockcharts.com/h-sc/ui?s=AMBS&p=D&yr=0&mn=3&dy=0&id=p79175602575
Really should check for funding. Not sure I like day traders around at this point of the climb. Usually see them in month 4 of a 3 month Temp Job run. And wile the pattern looks the same. It has only lasted 1 1/2 months. Concern on an accelerated Temp Job. Think I raise entry to .115 for safety.
By the way; CPST big board heads up, did nothing today. Humm
Oil&Gas
Took small position on XCO at open today. Double bottom pattern, but over extended. Go large after flag retrace and new breakout. To $5.85 pattern target. This target will change on flag size. It's the DB target for now. If NO flag, I missed another one. Be happy with my small play it safe position.
http://stockcharts.com/h-sc/ui?s=XCO&p=D&yr=0&mn=3&dy=0&id=p25939845383
APPZ
http://stockcharts.com/h-sc/ui?s=APPZ&p=D&yr=0&mn=3&dy=0&id=p65115949492
The more you see something happen the more you can rely on it !
This one was fun. In & out day trade.
Todays OTC HOT stock. A prefect example of an OTC game, manipulation run. Emotion sucks. Bet you anything it won't continue Monday. Not with that high candle spike left behind. Screams all shares for sale are sold in rush hour.
The minute I saw CAK I thought of you. LOL
I don't use weekly charts (Period) IMO they are only for use at the big boards, for long term investing. Real long, like 3 years+. And a 3 year investment is for the rich or retirement accounts.
Remember FEB I mentioned the OTC spring cycle usually see many Oil & gas plays. There have been a few, but less then normal.
That said, last weekend I started looking for a new 2 week swing watch list and found the O&G sector under $5 is great !!! Needed to look no farther.
While I'm a short term bear on the over all market, for a few weeks. I WILL be strong watching these O&G stocks for possible swing trade entries, on chart patterns. NO signal bottom patterns. LOL
http://www.finviz.com/screener.ashx?v=141&f=ind_independentoilgas&o=price
With the IRAQ problem, they could explode!
And I didn't know the problem would occur when researching independent Oil & Gas.. LOL
Strong watch under $5 Oil & Gas
MPET
FPP
CAK
SARA
FST
ENSV
==== Just over $5
XCO
EOX
CPST heads up. for tommorrow
Had good earning report after hours today. TA good, gaps above, small up trend, tight BBands. Large short interest over 10% @ 16%, could squeeze some.
http://finance.yahoo.com/news/capstone-turbine-announces-fourth-quarter-201500025.html
Been on watch list 2 weeks.
http://stockcharts.com/h-sc/ui?s=CPST&p=D&yr=0&mn=3&dy=0&id=p64358727012
Ps;
Rap up my stats since moving off the sidelines. Not very good. Actually the worst in a long time. I do make mistakes also. LOL
UNGS $500 starter position sold @ .0015 (-25%) & Big board F @ 16.75 +.5% today.
This will end my 2 week trade plan posts. Hold nothing at big boards or OTC. Not the best I've seen. But the OTC kept me, cash positive. And the last stock closed just when the S&P started it's retrace. So sidelines again doesn't look to bad right now.
Need to remember to stay away from single bottom bounce play patterns under $5.00, next time. LOL There were several.
Big board Down 14% for two week trade plan cycle.
MSO -4%
RAD + 5%
TSYS -6%
UEC -5%
ETRM even
AT -4%
LEE even
OTC Up 65%
AEGY +45%
AMBS +20%
$500 starter positions
FLST -25%
UNGS -25%
Over $5
F +.5%
Just different ways at looking at things. And different ways of expressing opinions.
ANV
Was checking farther for personal possible play and found this. 35% short !! Short Squeeze.
Also seems every law firm in New York has a class action suite pending. From AUG 2013 bad news PR, after $150 mil offering closed. This start of law suites seems to have caused the March 14th price dive. Not fundamentals, financials or performance. On the comeback side; Large gold reserves & Restated Credit Agreement $40 mil to $75 mil, for takeover candidate.
I decided to stay away at this point and watch for next leg up. If you see 4 bucks, IMO Take profits, the squeeze should be done or at least stall, by then. If it breaks $4 resistance and hits 4.50, squeeze defiantly over. From $4.50 above, clear sailing with gaps above. Possible investors concern on law suites is no longer a concern, with future possibilities taking control and bank backing new funding. (Banks don't double funding on a bad company future)
Interesting stock.
Do we really have to go through every stock 1 by 1 again.
Not sure of the meaning of your post.
I did not post reverse merger stock don't run again. I posted after a shell shift, it takes time before they are ready for a new OTC game play. 3 to 6 months, while finding funding. I posted, put them on monthly watch, as they could and often do run when funding has been established.
The point being, the typical pennylander thinks a reverse merger is good long term news. But when news hits, emotion carries price pops high, for a few days only. Then when reality sets in and the big guys involved in the merger sold all their shares, feeding the emotion run. The price dives to below pre move price levels, volume and interest dries up and the stock goes dormant for several months.
So swing trade the merger news!! Don't think it will cause a major run and continuation to hold on too.
Reverse merger post;
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=102232454&txt2find=reverse|merger
UNGS seemed to be an exception as it didn't completely die, like the others I had on monthly watch. The exception was it's price didn't dive way below prior price levels and volume fall to nil. Looked like they were quick in finding a new funding deal.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=102729073&txt2find=reverse|mergers
The other 4 FROZ,GLER,MONOD,FRTD did fall below previous price lows and volume did dry up.
Never believe the PR story, trade retail reaction to it.
My OTC #1 rule for trading.
AMBS chart update
I agree still have it on strong watch after 20% trade profit 2 weeks ago.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=102873083&txt2find=ambs
VPLM Your thinking big boards at the OTC. Big mistake. Buyouts (reverse mergers) on the OTC, end in disaster, after a day or 2 day emotion pop on the merger news. This pop was not on merger news was it? Plus holding too long for expectations is the #1 reason to end up with a bag of worthless shares on the OTC.
Check the charts on these resent OTC reverse mergers; FROZ,GLER,FRTD,UNGS,MONAD
GALE looks like $4.00 next resistance possible. Ascending triangle target is 3.85. Agree short squeeze. 22% short interest.
By the way it's never too early to take profits, OTC or big boards. This is a mindset change needed. Wanting ever penny out of a run, causes one to hold too long. And holding too long is the down fall of successful trading.
MORE bad; PROFIT good. Basic simple and clean mindset.
Big board sold LEE @ break even.
UEC & TSYS strong watch again
VPLM
Take profits when they present !!!
IMO way too much emotion and has reached previous high top resistance. Being an OTC stock, just doubt it will have a come back and continue. Emotional huge few day flags on the OTC are normally the pump of a pump and dump.
Don't wait to long for exit before the dump. IMO
http://stockcharts.com/h-sc/ui?s=VPLM&p=D&yr=0&mn=6&dy=0&id=p15164959235
FLST
Nothing has changed with darkside watch opinion. Other then it going from strong watch May 29th, to weekly watch June 2.
http://stockcharts.com/h-sc/ui?s=FLST&p=D&yr=0&mn=3&dy=0&id=p45695009271
Chart/Trade wise, entry target lowered to .006 new 1st resistance from .012 May 29th. And a double bottom pattern has shown up. Personally I'd recommend small entry at .006 and keep the larger entry at .012. As the double bottom chart means squat on a darkside play that starts. Still feel .012 is comfort zone, that the real run has begun.
I've already tried this with a small $500 starter position @ .006 for 100% gain to .012 and lost 25% @ .003, when I took an early loss. LOL
On the other hand the other darkside OTC play I posted about, just broke my entry price level and may be starting. Actual entry price .0025 1st resistance.
UNGS on strong watch!
http://stockcharts.com/h-sc/ui?s=UNGS&p=D&yr=0&mn=3&dy=0&id=p11413365210
No but just did. PSEC
http://www.dividendinvestor.com/historical.php?no=29227
Pre announced monthly dividends definitely let you know what ROI your going to get. Depending on entry basis. Down at todays buying op your at 13.2%.
Thanks for the heads up. My standing buy closed @ .002. Next target .003 for 50%. Acceptable loss .0015
A week or two ago, I posted about switching my divvy plays around. And continue to watch for retraces which are not coming @ ARR or NYMT. But CYS did retrace a little. It's coming back nicely. And while I have no plan to buy as a dividend stock, without dropping one I hold. And have no plan to drop either, till extended retrace. The CYS flag looks good for a swing trade. A good sector watch for swing trades. As many REIT's may have unusual continuations.
Especially with all the price climb sentiment seen in high yield REIT'S the past 2 months. I have a theory about that. And think some money managers are adjusting portfolios with their 10 yr. rate worries. Moving to short term, for portfolio performance boosts. At any rate, that's my explanation for the resent 2 month price climbs in REIT's. If correct, we'll see retraces in REIT prices, when the 10 yr. interest rates bounce up comes.
Strong watch CYS flag for top resistance break to $9.65 target.
http://stockcharts.com/h-sc/ui?s=CYS&p=D&yr=0&mn=3&dy=0&id=p00818245936
IMO ADD CIM's flag to watch also. Almost ever REIT over 10% is seeing this climb.
http://www.finviz.com/screener.ashx?v=211&f=fa_div_o10,ind_reitresidential&o=-dividendyield
http://www.finviz.com/screener.ashx?v=211&f=fa_div_o10,ind_reitdiversified&o=-dividendyield
http://www.finviz.com/screener.ashx?v=211&f=fa_div_o10,ind_mortgageinvestment&o=-dividendyield
YOD had a good Q and it takes a while for stocks to calm down and find new true value, after that. During these times, I recommend day trading residual emotion breaks of resistance levels. Which haven't happened. And expect in say, 2 weeks, things should settle at new value levels, to watch for new sentiment chart patterns. Usually a channel at first. Which looks to be 2.75 to 3.25 for now.
MELT needs to hold that .0018 bottom channel line. If that happens with a bounce, you can swing for a new .0033 top channel target.
CIM
Looks like a lot of dividend capture may be being played. Humm EX date is Jun 26, 2014 and at this price an normal 3% per Q. No idea what's going on this Q, to warrant price & volume surge. Maybe it's Money flow bond market jitters.
I caught their Q4 & special 20 cent divvys in Dec/Jan., with nice swing gain. Q1 MARCH divvy looked average. Q2 JUNE(this one) looks like larger then normal interest in capturing the dividend for some reason.
http://stockcharts.com/h-sc/ui?s=CIM&p=D&yr=0&mn=6&dy=0&id=p49156492096
OTC day trade, which could turn into a swing; STLK had 50 mil OS dilution from Dec 2013 to May 2014. 27%
Tarpon in .001 +/- (Tin foil hat speculation; this pop was after price pull down to .002 30 days lows for 50% discount entry, on note conversion) and Asher in 1st, (April 3 ownership filling) with no sign of volume dumping yet. The Apr 3 stock price was around .01. No idea of their discount for funding or the deal worked out. No disclosure info. So I'll conceder .01+ their wanted dump level for now.
Both have 9.99% of OS now. IMO; About half the 50 mil dilution. (27mil together, 13.5 mil each (9.99%) at 10x different price levels) Didn't check who has the rest, but it's out there. OS 180 mil now from 139 mil.
This could be the attention pop, (.001 to .01 Tarpon) That's why I posted day trade. But if .01 Asher April 3 ownership filling price point is reached. Manipulation could change hands and swing higher.
Trade at your own risk.
http://stockcharts.com/h-sc/ui?s=STLK&p=D&yr=0&mn=3&dy=0&id=p61275223667
---------------------------------------
Strong watch ELRA same VCs involved but a smaller ownership ratio. 10% dilution from Mar 14 to May 8. With Reverse split May 2. Low floater now! 5.6 mil OS
Ps; May 13th to now volume increases, look like an OTC insider & friends accumulation action @ lows. Often seen just before a manipulated run start. One of my TIPs about darkside trades. Large volumes at lows with no price action. June especially.
Accumulation could have been bottom fishers, but started after price pop. They don't buy bottoms by fighting an up trend. Bottom fisher enter after 5 day of lows holding, as a rule.
So IMO insiders and friend are set for a run now. And caused the no volume price pop, to lure bag holders into selling on a get out higher selling op, the minute it retraced. I think the recent action was all planned.
POP it, shake weak shares loose for accumulation THING.
Check May to June chart action.
http://stockcharts.com/h-sc/ui?s=ELRA&p=D&yr=0&mn=3&dy=0&id=p82017555058
----------------------------------------------------
Tarpon buys up debit, then settle in court for toxic funding deals.
ELRA issued shares for Tarpon deal Feb & March with a 6 month hold released mid June +/- on the note, in their deal.
ELRA