is...Either trading futures or fishing
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Your welcome
Please include a chart when posting about stocks to short
I doubt anyone would have really believed it. Just bored while trading futures
Wow! Looks like the news we been waiting on finally came out
That's very possible. There is only one guarantee in the stock markets. And that is there is no guarantee. There is no when it is approved. Only if it is approved. And if it is approved then there is no guarantee the trials will be successful. Im long in this stock but I trade what I see and not what I hear. Trade this how you think you need to trade it.
I worked in the coal business almost 9 years. Was in offshore oil drilling for 20 years. The energy sector is one of my favorite sectors to trade as far as stocks. My bread & butter Is scalping the futures markets. Coal and oil stocks are very volatile and easy to read. I made tons of money swing trading them
Yeah I knew it had a little more room for some more downside. Im comfortable with my position. I might not make my target but I will make a nice gain on it this week
I have a nice block of it also but sold some to cover my investment. I have always don't that. Made huge money on some but some have busted. At least with the free shares its a no lose game. The way this chart is over extended im kind of looking for some people to take some profits. Cant lose money you take off the table. The volume is extremely low so we just have to see how it works out
They are holding and hoping it will get back to the levels they bought. It will be a long time even if they do get that high again. The thing is do you want your money tied up that long? The coal business is extremely volatile. Now more so with the invasion of natural gas wells. Holding coal for a long time is not a safe bet. Look at this 10 year daily chart of cnx. Way to volatile to hold long. It only shows 8 years because I didn't have room to show all 10. For me reading my charts and indicators has been a very safe and profitable way to make money on coal. But I only swing trade it.
I transposed my numbers. That should have read 1978
On Jan,1st 1987 Pfizer was at 27.375 pps. On Dec,31st 1987 Pfzer was at 33.00 pps.
They never in their history traded around 50 cents. Where did you come up with that figure?
I bought 2000 shares for 11.15 Friday. My target is 14.15. There is still room for a little more down side but I feel pretty good at this level. At a bottom bounce it would put it at 9.80 but I never try to catch the exact bottom. I put my buy order in above where I think it will hit and let it get filled down into the bounce. I showed it on this chart.
At least they are having fun being young. Looks like gold is setting up for a nice drop. If this head & shoulders pattern holds it should drop hard. Im gonna short a couple contracts tomorrow evening when the markets open and let it run overnight. I always say im gonna quit doing that but I also quit smoking 7 or 8 times a year too. LOL
That's pretty much the only way to trade a penny stock. Even though this stock looks good that doesn't mean anything. A lot of people are trading on emotions and dreams. That can get someone separated from their money quick but that's their business. Your trading it the right way. If it makes it you have a nice paycheck. If it doesn't then you broke even. I have learned many things in my years as a day trader. If you walk away from the markets on an even trade then its a damn good day
How did the track meet go? Once again im in Erie and getting rained out again. Left yesterday with clear sunny skies and drove into a rainstorm that wasnt supposed to happen. Oh well. It happens
If I was a mod I would sticky your post. But im not so a member mark will have to do. Your exactly right. We have not even made it to FDA approval yet. Yes there are some good doctors working on this but that doesn't guarantee success. If all biotechs and their trials were successful there would be no sickness. I have been in several biotechs in my trading career and not all have made it. There is also the fact that there are a lot of medicines & treatments that have been bought out and put on the shelf by big pharma. They make more money by treating than curing. So there is no guarantee this treatment will ever make the market even if it is approved and trials are successful. This one is no different. I do have a sizable block and I played it like I do anything else. Sold enough shares to cover my investment and will roll the dice on the rest.
I used to work for them. I also worked for consol. I been trading these two for a long time and in the coal business all you want to do is swing trade. I seen many of my friends hold their shares and they pretty much have nothing
I made some very nice trades this week and killed the futures market. This took a nice bite out of my payday. Im gonna hold it. It has a huge gap to fill and it will fill it. Its a good stock but it will sell off and should start an ascending trend
That's ok. I used to feel the same way. But I learned a long time ago. To be successful in this market I was going to have to learn to trade both ways. Profit taking and shorting causes volatility in the markets. It presents entries and exits. The markets now days are a day traders market. Shorting is here so you might as well get used to it
Man im choking on that short position I took. Its still way over extended but damn if it didn't find some strength in the market. She will come down but probably not until next week unless we have a Friday afternoon sell off. Made a killing on everything I shorted this week except this one
Every trade you make in your career will be a practice. Believe that
Thanks I will. And if you have never fished lake Erie then you need to make a trip. That is one awesome place to fish
Im going to Lake Erie this afternoon. I live for fishing and thank the good Lord for day trading. it allows me to fish when I want lol.
Thanks. Soon I will be posting a lot of stocks. Right now im really busy and this is fishing season
Being a day trader has been very good to me over the past several years. Day trading got me retired early and wealthy. But please don't break one major rule. Don't put all your eggs in one basket. No matter how good something looks or is you can lose everything like that
There ya go my friend. Love em and leave em. HAHA!
Be careful if you got back in. Its pretty extended. looking for a good drop
Yea it came across my scanner and I pulled the chart on it. I was thinking about taking a position on it Monday. Post your chart on it. I like to see other peoples charts and how they set them up
No problem. It appears that im going to have to stay down in my position another day or two. ZHNE found a lot of strength today
That is the gospel. Its very rigged and always has been. That's why you want to learn to hit it and get out. like I said earlier. The days of mom & pop long term investing are gone. This is a day traders market