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Good Morning
Thanks for "week end" read and info. For me, reading EVERY post thru the week end can put together a larger picture--it sets me up for the week. Learning lots of small stuff I would not have known otherwise--some pyschology.
I never forget the " understood rule" ----there are lots of " anomalies" in the market but I am always ultimately responsible for every trade.
Today's lesson---learn to READ CHARTS!
Thanks ALL.
Constant reminders
20 GOLDEN RULES FOR TRADERS
Want to trade successfully? Just choose the good positions and avoid the bad ones. Poor trade selection takes a heavy toll as it bleeds your confidence and wallet. You face many crossroads during each market day. Without a system of discipline for your decision-making, impulse and emotion will undermine skills as you chase the wrong stocks at the worst times.
Many short-term players view trading as a form of gambling. Without planning or discipline, they throw money at the market. The occasional big score reinforces this easy money attitude but sets them up for ultimate failure. Without defensive rules, insiders easily feed off these losers and send them off to other hobbies.
Technical Analysis teaches traders to execute positions based on numbers, time and volume.This discipline forces traders to distance themselves from reckless gambling behavior. Through detached execution and solid risk management, short-term trading finally "works".
Markets echo similar patterns over and over again. The science of trend allows you to build systematic rules to play these repeating formations and avoid the chase:
1. Forget the news, remember the chart. You're not smart enough to know how news will affect price. The chart already knows the news is coming.
2. Buy the first pullback from a new high. Sell the first pullback from a new low. There's always a crowd that missed the first boat.
3. Buy at support, sell at resistance. Everyone sees the same thing and they're all just waiting to jump in the pool.
4. Short rallies not selloffs. When markets drop, shorts finally turn a profit and get ready to cover.
5. Don't buy up into a major moving average or sell down into one. See #3.
6. Don't chase momentum if you can't find the exit. Assume the market will reverse the minute you get in. If it's a long way to the door, you're in big trouble.
7. Exhaustion gaps get filled. Breakaway and continuation gaps don't. The old traders' wisdom is a lie. Trade in the direction of gap support whenever you can.
8. Trends test the point of last support/resistance. Enter here even if it hurts.
9. Trade with the TICK not against it. Don't be a hero. Go with the money flow.
10. If you have to look, it isn't there. Forget your college degree and trust your instincts.
11. Sell the second high, buy the second low. After sharp pullbacks, the first test of any high or low always runs into resistance. Look for the break on the third or fourth try.
12. The trend is your friend in the last hour. As volume cranks up at 3:00pm don't expect anyone to change the channel.
13. Avoid the open. They see YOU coming sucker
14. 1-2-3-Drop-Up. Look for downtrends to reverse after a top, two lower highs and a double bottom.
15. Bulls live above the 200 day, bears live below. Sellers eat up rallies below this key moving average line and buyers to come to the rescue above it.
16. Price has memory. What did price do the last time it hit a certain level? Chances are it will do it again.
17. Big volume kills moves. Climax blow-offs take both buyers and sellers out of the market and lead to sideways action.
18. Trends never turn on a dime. Reversals build slowly. The first sharp dip always finds buyers and the first sharp rise always finds sellers.
19. Bottoms take longer to form than tops. Fear acts more quickly than greed and causes stocks to drop from their own weight.
20. Beat the crowd in and out the door. You have to take their money before they take yours, period.
fyi
http://www.hardrightedge.com/wheel/tcrules1.htm
Opinions on CESY MA/Chart Thx eom
Anda en la sombra Mano!
OT Guatemala?
Or was I mistaken---is the " fromli" from LIMA?
IBZT Thanks Great week eom
TRDY NITE on bid eom
OT from Ireland
Lived in Peru, Equador and Bolivia in the 70's--Also spent time in your country--Lago Atitlan and out in the Peten---Tikal--wonderful memories. Best to you.
OT Latino
Lived in Peru in the early 70's---spent alot of time out on the Ucayali--canoeing the Tambopata, the Aguatiya and the Cayjeriya. Pucalpa and Puerto Maldonado were still small jungle villages and wild! The Amazon en el Estado de Madre De Dios I will never forget---most amazing wildlife! Ultimatly traveled the whole country from Tumbes to Ica--and loved every minute of it. It's been over thiry years---good memories.
Thanks for the input on the board--LOL.
CESY Nice! Mil Gracias EOM
CESY @ .002 eom
PHOX tried to cancel...
my sell order @ .01--they took it anyway! Should move up. LOL
Living in America
The difference is we have a CHANCE---much to be grateful for---Happy Holidays to All--special thanks to those who call it like it is day in and day out.
CNES @ .0025 eom
LGOV eom
PHOX VERY low volume shake IMHO eom
Merry Christmas
And a VERY prosperous New Year to ALL.
EPEA eom
Susie, CESY gon' BLOW eom
SFAD/CNES recovery candidates eom
Thx for heads-up PHOX
Just watching ADOT/ATNG---I am learning the hard lesson of DILUTION. IBZT was great--but they hooked a few today--BEST and thanks for the opportunity to LEARN.
ADOT/ATNG non-stop buys IMHO eom
BB Thx Chart MA info eom
IBZT buy sell or hold?
IBZT CompUSA
IBIZ technology has TWO products in the top selling or popular selling list at the CompUSA store online.
I have personally called over a dozen stores myself and spoke with an associate regarding several products. I have quotes from Manhattan store, Plantation, Charlotte, San Diego, Atlanta, Raleigh.
Bottom line is the products are selling out fast. The SD Pocket Radio and the Compact Flash FM Stereo and the XELA keyboard [keyboard for PDA's that also serves as a case w/hot syncing capabilities are a big hit.
They all rolled out around September and in November IBZT announced record sales exceeding total sales for the past two and a half years.
These products are SELLING huge without any advertising. None. The guy in FL said he can sell out an entire shipment in a day when they have a sale and another guy in NY said that he moves one a day as opposed to other PDA accessories that move usually one per week.
Most said the buyers do not come in looking for the product but see it and buy it. The SD and Compact radio adapters allows your PDA to get FM Stereo. IBZT is the ONLY manufacturer with this product on the market. Not Sony, nor Palm, nobody has this PDA accessory. People are tired of their downloaded music and guys want sports radio.
THE VKB (virtual Keyboard)is the next big thing getting rolled out and was due mid to late December. IBZT has an "agreement" with a new national retail chain that they have yet to announce. There is tremendous demand for this product both internationally and nationally. There is a back log of orders for this item already.
It is very real and very verifiable. Not like ADOT product and shares are not nearly as diluted as ADOT or IVOC. On December 4, the Free Float was 685,000,000. While outstanding was higher. The xfer agent said that o/s can increase in a different amount then the free floating shares because of restricted shares issued to officers or others, among other reasons.
Go to CompUSA and go to PDA and go to accessories. You'll easily find it. Or search by manufacturer, iBIZ technology. And that is just the CompUSA retail outlet.
IBZT CompUSA
IBIZ technology has TWO products in the top selling or popular selling list at the CompUSA store online.
I have personally called over a dozen stores myself and spoke with an associate regarding several products. I have quotes from Manhattan store, Plantation, Charlotte, San Diego, Atlanta, Raleigh.
Bottom line is the products are selling out fast. The SD Pocket Radio and the Compact Flash FM Stereo and the XELA keyboard [keyboard for PDA's that also serves as a case w/hot syncing capabilities are a big hit.
They all rolled out around September and in November IBZT announced record sales exceeding total sales for the past two and a half years.
These products are SELLING huge without any advertising. None. The guy in FL said he can sell out an entire shipment in a day when they have a sale and another guy in NY said that he moves one a day as opposed to other PDA accessories that move usually one per week.
Most said the buyers do not come in looking for the product but see it and buy it. The SD and Compact radio adapters allows your PDA to get FM Stereo. IBZT is the ONLY manufacturer with this product on the market. Not Sony, nor Palm, nobody has this PDA accessory. People are tired of their downloaded music and guys want sports radio.
THE VKB (virtual Keyboard)is the next big thing getting rolled out and was due mid to late December. IBZT has an "agreement" with a new national retail chain that they have yet to announce. There is tremendous demand for this product both internationally and nationally. There is a back log of orders for this item already.
It is very real and very verifiable. Not like ADOT product and shares are not nearly as diluted as ADOT or IVOC. On December 4, the Free Float was 685,000,000. While outstanding was higher. The xfer agent said that o/s can increase in a different amount then the free floating shares because of restricted shares issued to officers or others, among other reasons.
Go to CompUSA and go to PDA and go to accessories. You'll easily find it. Or search by manufacturer, iBIZ technology. And that is just the CompUSA retail outlet.
IBZT CompUSA
IBIZ technology has TWO products in the top selling or popular selling list at the CompUSA store online.
I have personally called over a dozen stores myself and spoke with an associate regarding several products. I have quotes from Manhattan store, Plantation, Charlotte, San Diego, Atlanta, Raleigh.
Bottom line is the products are selling out fast. The SD Pocket Radio and the Compact Flash FM Stereo and the XELA keyboard [keyboard for PDA's that also serves as a case w/hot syncing capabilities are a big hit.
They all rolled out around September and in November IBZT announced record sales exceeding total sales for the past two and a half years.
These products are SELLING huge without any advertising. None. The guy in FL said he can sell out an entire shipment in a day when they have a sale and another guy in NY said that he moves one a day as opposed to other PDA accessories that move usually one per week.
Most said the buyers do not come in looking for the product but see it and buy it. The SD and Compact radio adapters allows your PDA to get FM Stereo. IBZT is the ONLY manufacturer with this product on the market. Not Sony, nor Palm, nobody has this PDA accessory. People are tired of their downloaded music and guys want sports radio.
THE VKB (virtual Keyboard)is the next big thing getting rolled out and was due mid to late December. IBZT has an "agreement" with a new national retail chain that they have yet to announce. There is tremendous demand for this product both internationally and nationally. There is a back log of orders for this item already.
It is very real and very verifiable. Not like ADOT product and shares are not nearly as diluted as ADOT or IVOC. On December 4, the Free Float was 685,000,000. While outstanding was higher. The xfer agent said that o/s can increase in a different amount then the free floating shares because of restricted shares issued to officers or others, among other reasons.
Go to CompUSA and go to PDA and go to accessories. You'll easily find it. Or search by manufacturer, iBIZ technology. And that is just the CompUSA retail outlet.
IBZT my confirmation
was the heavy buying during the sell-off. Best of luck to ALL.
IBZT
Considerate, patient spokeguy: "Received about ten calls in the past thirty minutes. Yes, we're going to be on CNBC but I can't confirm date or time."
Me: "Has CNBC already been to your offices and taped the segment?"
Spksguy: "Yes."
Me: "Great, then it's already in the can."
Spksguy: "Yes, thanks for your support."
IBZT I'm reading a confirmation...
That there will be CNBC coverage---from the RB boards.
Omni Thx IBZT eom
Janitor, I'm holding...
My Pee Pee...
Hey Sublimination Thanks eom
Webster Groves
Grew up there in the 60's--very fond memories--a great place to live. Went to Hixon and Webster Groves High School--lived on Sylvester. Have been away now for three decades but Webster may very well wind up being my travel's end--much family there. God Bless-Feliz Navidad Y prospero ano que viene.
Lasombra
IBZT http://www.vkb.co.il/1.jpg
It's the NEED for the technology. IMHO
IBZT / CNBC ???
From IBZT board: Good Morning Arizona will air Ken presenting the virtual keyboard on live TV tomorrow morning at 7:15. Also the PR firm told me CNBC will be at the iBIZ office tomorrow with a film crew to tape a segment on the virtual keyboard for airing on December 31. S & S informed me last week when I talked to them.
MacSusan, Great post--eom
Stop Immigration
The once beautiful place I live in is fast becoming a crowded ghetto of the greedy and uncivilized.
IBZT Very Interesting...
http://www.vkb.co.il/1.jpg
this says it all
Thanks to All for the opportunity to learn...Wonderful Holiday and Very prosperous New Year.
OT LOVE that language! eom