Using ToS and respected financial news outlets to put good infomation out via twitter and forums for investors
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Good to hear life is treating you well Beau. Yup 1 million with passive income and your golden well at least for now. Millenials will need a billion and passive income by the time inflation is added into the equation. I do have a possible alternative other than stocks to get that 1 Million if you are interested? I mentioned it to Pleeb on Twitter.
I am currently working with a guy named Grey Nguyen who is very well established in the financing world. He has strong bank connections and is a truly genuine person. Google Grey Nguyen, Facebook, LinkedIn and BMBC interview etc.
If you have ever looked into any form of business or investing finance then you have definitely run into either companies that get you credit cards or companies that sell shelf corps. They all promise fast credit lines. Most are scams and most don't care about you at all.
I won't mention any names but I know of one company that spends 1-3 months building up your credit just to knock it back down. They can get you 50k to 100k in credit cards but they also hit every institution they can and they get probably 40 to 50 inquires on your report. 2 inquiries isn't bad but when lenders see 50 inquiries it scares them.
Anyways long story short I am going through his process as we speak and also helping form and create both the Credit Wealth Builders Club (free of charge. This is the financing part where we help investors acquire 100k 200k up to 1M in unsecured lines of credit. The Hope Mobile is the charitable non profit org that goes out and helps the less fortunate.
Any company offering to get you financing is charging at least $1000 up and in fact I have never seen even $1000. Typically averages 4k per person a shel corp is 2k to 25k.
CWB is FREE. Not to mention no body has a system nor does anything like Grey. He is quikcer than anyone else and the results are awesome. I am still waiting on one credit card right now which will be a 20k line. However in a month our scores (my wife and I) went from 640 to 757. Then he build up and consilidated a couple cards to achieve the first card with a 20k plus limit. This is crucial as its a steppign stone in the lenders eyes. If a bank will offer a credit card with a 20k line or higher than it speaks highly of the person holding that card. You can get 100k in cards but probably have 20-50 2-5k cards.
Anyways the first round is PG or personal funding the second round is business funding. Its not a hard process and we are creating it as we go. If you would like more information just let me know. As of right now we aren't actually taking on new members are we are still trying to put all the pieces together and have a system that can handle the volume and intake we are expecting. Grey is unbelievable but there are millions of entrepreneurs out there and there are millions of finance companies but I am willing to bet that there aren't too many out that with solid results and FREE.
Oh going back to our first round of funding. My wife got like 80k in credit cards and I got 70k I think. I never even picked up a phone or went to the bank he handled it all.
The ultimate goal of the progam is to receive a 1M line of credit (it will extend further, Grey said he will stick with anyone that wants to get maximum funding)
Also the great thing is this funding is for the purpose of investing. If you got a 1M LOC and put it into say private lending (private lending is good for OPM but not the people actually making the loans) You could get 8-12% easily. This is annualized but even deducting out the LOC paymentts and taxes your still sitting on a nice income.
Also if your wondering about how anyone could use credit cards to invest. He has a few liquidating resources but there are a lot of them out there. You can buy and sell gold with goldbit or bitgold. The AAFX or other brokerage accounts not belonging to the U.S in heinsight could liduidate. When Grey owned Business finance, he had a outside business consulting company that would charge your cards for consulting then return the cash for a 6% charge.
Also like I said he isn't taking on new members yet but he said for me and my wife if we have any friends or family he will bring them in righ away. So if your interested let me know. Oh by the way I got PM now lol only took 6 months.
Sure thanks for the feedback! Yeah the problem is... its too long and the board doesn't support anything fancy like a header. I wrote it up, glanced at it, said um yeah its fine and posted it beause it was too long to go back and organize lol. Thats why I did separate posts. As far as Biotech, I have been out of the loop but my buddy is setting up a TD Ameritrade and an FX account and asked me to pretty much manage his accounts so I will be back looking into stocks shortly. There is one site I use for my biotech picks though.
http://www.rttnews.com/CorpInfo/ClinicalTrialCalendar.aspx
Under FDA Calendar you can find out when all biotech drugs are up for each phase or approval, You can also find all upcoming acquisitions and mergers. Pretty much anything that could cause a riot is there. By riot I mean breakout. It is a pretty handy site. I posted the link straight from FDA clinical trial calendar. Hope it helps. I will be looking more thoroughly soon though. Have a good day!
I guess I scared everyone away with my long messages huh? Anyways hope everyone is doing well and wanted to wish everyone good luck this week. I hope SGBY hits $1, DCLR hits $1, UWTI hits not $1 but $50. And I hope any other investment anyone has at least doubles over the next week. The FX market is about to open in 2 hours 4 minutes. Getting ready for it. We will see how it goes.
Oh just curious did anyone even read the large huge enormous post or did you look at the size and skipped it? I would appreciate if you could let me know if you read or not. I am not overally concerned with yes or no answers just want to know if it was of use or more of a burden to get through for everyone. Plus knowing that its too much will save me a lot of time in the future as well so it is a win win. Although if anyone did find anything useful let me know I have no problem dedicating time to things like that. Just need your feedback!
Sorry bout that.
I apologize for the 12 pages. Figured its been awhile I should be able to get away with 1 large posts (was suppose to be 1 large one but I broke it up) Anyways. If you read it all and have any questions feel free to ask at any time. If you have any feedback please submit it as I always appreciate feedback. If you need anything outside of this, please let me know.
I still check the board often but since we have had spurts of no conversation I have began checking it less and putting more attention into my trades and learning. Albeit I logged in tonight and there was like 5 new messages so I figured I would check again. I will make a habbit to check once in the morning and once at night minimum to see if there is anything new.
If you want to contact me outside of the board you can reach me at
investorpartnering@gmail.com
Good night and I hope everyone does well in the next week!
Forex (FX) & Futures
So in other words buying market for me has become a means of accelerating a trend. As I mentioned though I always start small with my initial purchase until I see signs of others pushing in my direction. I learned quick in FX take your initial loss right away if you have to. If I lose $40 on a bad entry it’s not as bad as thinking it will turn and then losing $400 1 minute later. Take the loss if I was wrong with my initial entry there is a good chance it is moving in the other direction, if I can verify then buying into the trend with a 2 vol will make back $40 in 2 pips which if you invest in USD/MXN it has a tendency to get a little volatile and push 20-30 pips in a single move at times. Apparently Mexico doesn’t like Donald Trump huh? The USD lost like 2.5% value to MXN peso in 1 hour when Trump spoke. It was like clockwork, every time newswire posted a new statement from trump, the price dropped like 20 pips. Every time Hillary got posted, it had a slight reversal but ultimately Mexico hates Trump more then they like Hillary apparently. The only time I saw a strong reverse was when I hit twitter and told everyone Donald Trump is killing the dollar, buy pesos!
Also be warned that USD/MXN can turn faster than a Trump’s opinions (I apologize if anyone is a trump supporter, nothing against the guy I just like picking on him) So if you buy in, unless you have a really strong trend moving in your direction there is a very good chance initially you’re going to get whipsawed before it comes back which means you need to focus on a little longer term investment with USD/MXN and have extra reserves to weather the initial purchase/short. If you know you’re going to be in it for a while it is alright to buy at different price points trying to lower overall cost but if your scalping. Its best to try and buy up your necessary purchase right away to avoid multiple backlashes. If you don’t believe me and you have access to a LVL 2 screen I will show you what I mean next time I buy or sell USD/MXN. This currency is definitely higher risk but it is also much higher returns but is NOT for the faint of heart. Even a .01 volume (nano lot) or 10 cents a pip can cost you 5-10 bucks in a matter of 10-20 minutes. That’s a lot of movement.
Apparently a lot of people shorted at that point the price dropped but seconds later pushed back up hard. (Every action has almost an equal reaction in the market unless there is a fundamental or technical reason behind it)
When a stock is being shorted and people are selling down (this is my understanding anyways I could be wrong) Your prices and bid/ask will flash red, selling down which increases the momentum of the bears. The more the price and bid/ask flash red the stronger the trend is going to be. The faster the price changes up or down, the harder the momentum. So if you see your bars flashing green a lot that means the bulls are pushing upwards and buying. I don’t know why, perhaps coincidence but when I sell down to a red
you see a lot of prices all green down the screen and all green bids. Bulls are dominant so it’s a good move to be bullish. Do not short during this time ever. Once prices start turning red and bid/ask start turning red. Bears are striking down.
Always go with the flow of the screen based on the colors and the numbers and the momentum. You can follow any and every chart in the world but I have yet to find something as accurate and as powerful as a level 2 screen.
Last night When all lights were green I bought up when I felt it was at or near bottom. Watched it rise only buying more when it dipped 2 pips below my last purchase price adding to the support levels of the bulls not allowing it to dip to low below my original purchase and buying up additional volume as AAFX calls it but in more accurate terms buying up more USD and selling more JPY.
Then once I started seeing red flash faster and harder I sold off my shares on reds helping to initiate a more bearish trend. Then when I felt the price had reached its resistance levels I began shorting. As with the bottom prices this time I shorted my initial currency and then only shorted more when the price broke my original short price, always by 2 pips. If it came back and broke far and hard beyond that point I closed my trade and waited until I felt I was resynchronized with the trade before getting back in.
One mistake I made too many times is believing the bottom was near and buying up or shorting more thinking reversal was near only to be dead wrong. Now depending on how much I am investing I short or buy 1 initial volume of 1 which is 1 lot or 1 standard lot or in other words $100,000 of the currency. Nano lot is .01 or 1000, micro lot is .1 or 10,000 and a standard lot is 1 or 100,000. One I have my initial I wait to see how it affects the flow. If it seems to push hard in the wrong direction I am trying for and there seems to be a hard trend I purchase or short 1 more lot. If it pushes back and goes beyond my original price-point I wait to see how far it goes and see if it is a good time to scale up or back out.
From scalping I was able to make a pretty decent profit last night. One thing I realized though is after about 1-2 hours of scalping if you don't change your routine, the flow of the trade will change to counter your moves. It only takes 1 bad trade to level you out in any market but in FX it only takes 1 bad trade to devastate you. Only takes 1 good trade to make a year’s salary though. I try to stay away from the buy then turn around and flip routine due to the fact that a lot of times I don’t gauge the trend fully and it still has life after my exit. So the immediate reversal usually eats my profits. Instead I buy in then sell out wait 3-5 minutes then either buy in or short depending. That 3-5 minutes is crucial to re-valuate where the price is moving. I know I have said it but never fully practiced until now. PATIENCE is the number 1 discipline one must have in order to be successful in the stock market. Unless you buy hold and forget for 20 years and hope those shares of FACEBOOK that you bought at $2 will someday be your retirement. Also give yourself at least 10-20 minutes if need be before deciding to exit your trade. Unless of course it spikes in your favor and you take quick profits or vice versa to save losses. Typically after your entry from my own observation and this also depends on how big of a splash you made. 100 shares, 1000 shares 10000 shares or 1,000,000 shares obvious each has a strong impact. If you buy into a stock hoping for it to rise only to see it drop immediately after purchase don’t get discouraged. Wait it will take at least 3-5 minutes usually before that stock comes back to breakeven. If it continues to decline made quick analysis of the trend and make sure you didn’t make a mistake with your timing. Without strong fundamental or technical causes a stock for the most part will bounce back and forth from price point to price point. Never to the same exact amounts but you will see say TWTR up .38% net change .22 then TWTR down -.11% net change -.03. With nothing really pushing it, it is likely the prices will continue to fluctuate within these points. FX is very typical of this until the news comes out and all the sudden your resistance level isn’t even considered a support level anymore or your support levels could have been considered a resistance level like 3 years ago. (Basically 1 event can drive a currency pair astronomically but without an event or a technical indicator, they kinda flop back and forth usually not even enough to pay for the initial spread.) With that said if it is bouncing up and down and never seems to hit your breakeven or profit points just wait. The one thing I have done and am 50/50 is opportunity cost. Is it better to take a loss so I can make strong profits elsewhere or wait and minimize the loss and lose the opportunities? Either can work just make sure your decision has strength behind it. Make sure you know that your next move if it is to go for opportunity is that the opportunity is going to follow through and make up for the loss.
I always want to dive right back in and start trading that trade immediately thinking I caught it at the end and now it’s time to reverse it. Giving yourself at least 3-5 minutes to monitor the movement and then redefine your next move is critical and is the difference between profits and losses. I read somewhere that if your right but you are too early or too late, your still wrong. So very true. You might see that reversal a mile a way but if your timing is off and you catch the rally you can get knocked out prior to the reversal ever starting. Then once you’re knocked out and watching your prediction come true is just adding salt to a wound…. Kind of like when you sell 2M shares of SGBY at .0037 or when you bought $20,000 worth of STEM (I think it was stem) @ .67 and sold it at .74 only to see it go to 2.74 in the same day. I made 900 bucks could have been almost $60,000 but hey why drive a BMW when I can fill my Toyota’s gas tank? ?
I do suggest FX trading for anyone interested if you have $100 or $200 you can just throw to the wind and not worry about its more than enough to get started. My favorite FX broker is AAFX, aafxtrading.com . Very friendly staff, and you have options of FX, Futures such as silver (blah) gold (blah) oil (double blah) Wheat, corn, Natural Gas (the spread is enormous so make sure you are on the right end of the trend, although even with the huge spread it can easily turn to quick profits considering the volatility of natural gas). Cocoa, Coffee, Soybeans, and Rice for futures. I will leave oil to Pleeb01.
You can also invest in a few stock options most of which are heavy volume stocks like GPRO, TWTR, AMZN, GOOG, MSFT, EBAY, GM, F, NKE, XOM, TSLA, BAC, SBUX and a few others. The leverage on FX is 2000:1, futures depends but with $250 you can buy 10 contracts of oil which is $10 a tick. Tick size is $0.01 so every penny up or down is $10 or in other words $1 per contract per tick. If you have $2500 you can buy 100 contracts which is $100 a tick. Oil jumped up $3 this week had I caught it on the right side instead of the wrong side that’s 300 cents or $300 per every contract, buying 10 contracts for $250 would have been a $3000 profit. Unless you are me of course and got in at all the wrong times.
With stocks you get a 10:1 margin ratio so if you went all out thinking say GPRO is going to breakout today and bought up everything you could (also no extended hours trading) and it went up 10% you doubled your investment. If it goes south and drops 10% you lost your investment. When GPRO was $15.25 I was able to buy almost 900 shares with $1350. which is $9 for every cent it moves up or down. With 10:1 a $15.25 stock is $1.525 a share. Not bad considering even with Portfolio Margin on a high end trading account with TD I would only be able to buy about half that.
Also getting in and out of stocks with AAFX is a lot different than with TD or in my opinion other brokers. When you buy the shares the value is automatically placed at the ask price so when you close it your value is already predetermined there anticipating you’re going to close at market. So if you bought GPRO and your profit bar says $100 or whatever and you want to take profits. Just click the x button or right click and close trade and you’re out in less than a second with full profits.
With FX $100 can buy you a 1 standard lot in most currency pairs which on a strong uptrend can go up 10-20 pips in a matter of seconds which is $100 per every 10 pips. I suggest starting with .01 just to get a feel for the movements. That’s 10 cents per pip so even if you are on the wrong side of the currency pair like last night with USD/JPY (for once I was on the right side!) it spiked up about 50 pips for no known reason. 50 pips with .01 is $5 so if you took the loss no biggie. If you gained well you just bought a Starbucks coffee. If you do .1 that’s a micro which is $1 per pip which now that spike is 50% of your capital in either direction.
After being comfortable and doubling up from $100 to $200 I would suggest if you feel confident moving from .01 to either .05 (50 cent pips) or .1 ($1 pips). Pleeb01 has been paper trading FX lately, not sure how he has done.
Like I said there is huge profits in futures and FX but it is also very risky especially starting out. If you do decide you want to try it out, start with a very small amount that you could lose and think nothing of. $100 will go a long way in either market if you use AAFX. There are other brokers but AAFX is my favorite, FX Glory is okay but the spreads are double and they are stingy with their bonus.
AAFX you get a 30% welcome bonus if you deposit I believe $1000. After that every redeposit of $500 or more you get a 25% bonus. You are able to keep this bonus and trade it until there is nothing left. FX Glory if you drop below your principal. They pretty much close you out and take back the bonus. Also AAFX has a great no negative balance policy in case anyone was wondering.
I actually hit -$350 one day on a really bad reversal and they leveled it out and then added my new deposit and full bonus like the account never went negative. You will never be charged for a negative balance. But be warned they have a very advanced system which automatically liquidates at 25%. It will liquidate one trade at a time keeping you above 25% until your account is drained. Also with the bonus you can withdraw the bonus after meeting certain volume requirements. I believe it is one maximum volume lot which is 8 (max is really 1000 but 8 is as high as their default bar goes) After that if you still have the bonus in your account. The funds are now yours so if you got say $300 bonus and met the volume requirement that $300 is now yours. If not it at the least is a nice trading cushion.
The biggest detriment to futures and FX is over extending yourself, feeling superior to the trade. Golden rule, never risk more than 2% capital at a time. A 2% investment can still be very profitable but if you do not have enough funds to weather the storm when things go south. The worse thing is having a trade turn and being over extended and having to close them out with big losses only to see it reverse and go into a profitable state right after you closed. I have experienced this one more than once. You truly feel there is a VODOO curse on you when you take a huge loss and then within 5 minutes you could have made thousands had you not over extended yourself and been a little better on timing. Speaking of timing no one is perfect and no one is ever 100% accurate all the time meaning your timing can will and guaranteed to be off at times which backs up my have a strong reserve pool handy.
Anyways sorry for the huge note. I have been absent for like 2 weeks. I hope SGBY goes up to $10 for you guys. I hope oil goes up to $75 a barrel for Ol' Pleeb01. If it does you will find me at Exxon, just look for the guy in the jump suit with the name tag 'bill' I'll be the one asking if you want regular or premium :).
If anyone is interested in FX or Futures or whatnot I know about watching the LVL 2 screen let me know. I wanted to keep this note short but apparently that didn't happen. I have a lot more info that might be useful for any of those topics.
Also AAFX offers a referral bonus.
So yes I do have some incentive to offer it but they are really awesome. For me I get $20 bucks on every $100 my referral deposits, then I think $40 or so. You if you sign up with them get $50 bonus for deposits between $100 - $501, then I believe its $100 for $501- $1000 and the $200 etc. I believe it goes up to $500 or so. You can find out more about it on their referral page. Even if all you deposit is $100 the $50 is a 50% bonus and is a nice cushion to get started with. Not sure if bonuses overlap but at $1000 you get the 30% welcome bonus or $300 which also should be $100 referall bonus if you mention my name (Michael Beaton).
Anyways the biggest reason I like AAFX is their available trading options and friendliness. Some day’s currencies are just blah and I want to go over to commodities so I can give all my oil money to Pleeb01. Some days I curse the oil gods and want to invest in indices (indexes) I made good money on Nikkei225 or on MT4 JPY225. It has a large initial margin so be ready for that.
Also setting up an account with AAFX is easy. All they need is scanned copy of driver’s license, and or passport, a utility bill that shows proof of address, and if you use a credit card or debit card to fund the account they just need a scanned copy of both front and back. You only need to show the last 4 digits of the card I believe. Takes seconds.
LEVEL 2 Screen and How to Utilize It.
If you are going bull never buy on red. If you are going bear never buy on green. This probably makes no sense but when you watch your screen long enough you will see the colors and patterns as the price changes. Just remember every time you buy or sell the market counters your transaction. Your purchase is a spike in demand despite how big or small it still has an impact. The less volume or momentum the trade has the more impact your transaction has. Knowing this and understanding the LVL 2 colors is key. During a bull trend you will notice at least 3-4 of the top bid prices are green and the bid amounts are green. On the ASK side you will see that the first 3 or more prices are red with red ask amounts. If there is less than 3 green on bid side and 3 red on ask then its either reversing or too weak to get in. On a bear if there is 3 or more green on the ask side and 3 or more 4 red prices on the bid side (remember the first 3-5 prices) then it’s a bear trend. During lower volume times or trades these numbers won’t move as quickly and getting in on a certain trend is much easier. During high volume times or trades such as today with BAC 115M volume. These prices and amounts will be changing incredibly fast and you will want to see at least 5-7 or more full green prices. You will also see changing about 5-10 times a second is the size amounts for bid and ask. Conversely if the first 3 offers are flashing mostly red amounts it means the majority of the time the amount is dropping or showing a bearish signal. If it is flashing green it is a bullish signal. Since prices can change so quickly watching the colors of the bid/ask amounts is a good indicator. Just because the price has shot up 10% in 3 minutes and there is still 3 green offers doesn’t mean it is going to remain in that direction for long. Even with green offers if the amounts are constantly flashing red there is a good chance (not always) for a reversal so be ready.
I know this doesn’t make a lot of sense but taking everything I have learned about the LVL 2 screen and adding it to the last couple of nights. These trends seem steady enough to invest off from. One thing I noticed is when the first ask offer has flashed red and I buy on it, typically the price jumps up a notch. When its green and I buy up the price typically drops a bit. When the bid is red and I buy in the price drops when I sell it goes up. This isn’t exact and is probably worked about 70% of the time. I haven’t looked into it but my assumption is that when ASK is green it is showing a strong bear trend which means there is a lot of supply so buying up has little impact. When you sell down to a green bid there is a lot of demand. Selling down is typically bearish or shorting and buying up is bullish. This is just my thought but when someone sells down (or it looks like a short) the price almost always goes up which would cause most people who misjudged their timing to hurry and buy back their short right away to minimize losses. On the other hand people who buy in during a bearish trend bought high and as the price drops they will have to sell it back at a lower price to minimize losses. This might sound weird and during high volume trades it really doesn’t happen much. Albeit play around with a FX currency pair at 2 or 3PM Pacific time when there is me and one or two other people trading. See how much the price moves when you practice what I mentioned above. It will bounce up then drop down but only in a 3 pips and never enough to cover a spread causing you to be stuck until more traders come in. In my personal opinion as stated the market always counters so if it would appear that you shorted the counter would be for the market to increase the price. If it looks like you bought in the natural thing is to decrease the price. I say all of this because understanding that concept whether it be a huge coincidence or not has helped me turn a lot of losses into break evens or small profits.
It is unethical to place a trade that you are not fully committed to going through with. No one ever said its unethical to sell a micro lot every 20 seconds to get a 4 pip increase to go from 8 trades totaling $160 loss to $160 profit. Albeit I take a quick loss on the micros which is $1 a pip so if sold 4 I lost somewhere between 4 and 16 dollars so maximum loss on that is 10% of the profit. Not that I have done this a lot but I can vouch that if timed right certain trades can help influence future price movements. I also never suggest trying this because often times it can easily do the opposite just scaling your losses. Also this doesn’t work during high volume or strong trends. However if you find that you are stuck in a dead end trade that never seems to move and you want out but are at a loss. Trying buying or shorting some of it and seeing how the market reacts. Or at the least test it out once or twice to see if I am full of it or not ?
However, when I close out shorts I typically try to close them one at a time every 10-20 seconds when the quote has flashed red. This more times and not drops the price (this is in reference to FX by the way) has dropped another pip or two. Allowing my other trades to either become more profitable or recapture some additional losses. The same holds true for stocks as well by the way. I just never traded with such speed as I do with FX. Unless I am dead center in a reversal, closing out 1 trade every 10-20 seconds seems to continue to the process of decreasing the price. In fact, when I have shorted at say .1200 (just an example. Then the price goes to .1210 and I put in another order to short and it goes to .1220 and I short once. More, eventually the original short of .1200 becomes slightly profitable (I like scalping and take quick 50-100 profits, been burned by trying to wait for the big paydays) say 20-30 bucks and the next one is nearing profit but is still a minor loss. I will close out of the first trade capturing the profits on that one. Just as long as it’s not dead on reversal the price should move 1-2 pips in my favor which is generally just enough to get the next price point up to a few bucks positive. Close that one out and continue onto the third. When you have 8 trades open you can see how much of a loss or profit you have in total based on those trades. I generally wait until I am within 20% of profitability prior to closing unless a reversal is hitting and I feel those are going to turn into big losses. If I feel confident in the trend I will wait until 20% profitable. This is based on the price of the initial spread which is $20 bucks per 1 lot of USD/JPY so 8 trades would be $160 down to start. 20% within would be about $35 loss, 20% profit would be $35 profitable. Once I reach those mile stones I decide what to do. A lot of times since movements are never exact back and forth a lot of times your initial trade will be a loser but if you captured 6 of 8 trades with $10 profit each trade and lost $10 on the other two it’s still a $60 win. I wouldn’t suggest having 8 1 lot trades open on an account unless you have $8000 or more. I like to have enough funds to cover a 20 pip movement and not flinch at the numbers as they change. 8 trades at 10 a pip for 20 pips is $1600. Of course stop losses and closing early will prevent this I like to know that if a news event hit and I got whipsawed I could endure a heavy hit and still be alright. If you can survive that there is a good chance for a reversal afterwards. Even though the $1600 will ultimately end in some sort of loss. You have the choice to either short or buy more at that stage depending on your thoughts of movement. If you feel it will continue to drop, close out current trades and short. If you feel it will pull back. Buy up more. Originally $1,600 in losses, if you think it’s coming back and you buy up 4 more trades of 1 lot or 1 4 lot trade and it pushes back up 50%. Well 4 1 standard lot is 50% of the original volume, which increased 50% up so that reduces the original loss by 25% plus if it pushed up 50% you recovered 50% from the original loss. So you took a $1600 loss and saved 75% or $1200. Never try to recoup your entire loss thinking that you need to make that money back. More times than not you will only cause my detriment to yourself. Be smart, if that loss didn’t kill you and you can easily place more trades, than it’s not a big deal at all. In FX a 25% loss can happen within minutes, and can come right back in minutes if properly positioned. It’s when you have taken losses greater than you can endure and the FEAR comes out that’s when you lose big. I am opposite, I can handle the losses and keep my cool, it’s the wins. 1, 2, 3, big wins and now I am working with a large amount of capital and thinking man I made all that in 30 minutes if I just increase the volume from 3 to 10 on this next trend which I am certain is coming I will bank on a 20 pip move. (Okay so a volume of 10 is 10 lots or $1,000,000 of the currency, its $100 a pip profit/loss) A quick 20 pip push in your direction is a $2000 payday, opposite it’s a $2000 loss. This is where I get into trouble especially when I bought 200,000,000 pesos for $10,800,000 USD. This would have been amazing if Trump had won the debate in fact my profit would have probably ended at $10,800,000. Instead he didn’t and I don’t have $10,800,000 lol.
I just want to point out this is where strict judgement and ability to forecast is needed. Also in my own personal opinion NEVER leave a futures or FX trade open unattended or overnight. News is the strongest driving force in FX and very similar in futures and 1 article can make a huge turn in seconds. You could go to bed a winner and wake up with no account. In regards learning to news trade can be very profitable, a lot of FX traders either love news trading or completely close all trades prior to big events. The day Yellen announced no hikes, I was short AUD/USD which was doing quite well and low momentum to BOOM complete turn around and the price shot through the roof when it was announced no rate hike. The dollar immediately became weaker.
So this is how I place my buys and sells now. With AAFX I actually buy market now. I am going to pay the spread regardless and it’s a lot different than using other brokerage accounts. The reason being is if, I think SGBY is going to dip down to .0185 and I put in a 500,000 order at that price (this is a little different dealing with a penny stock but it gets the point across) and I am wrong and a news article came out saying the government just illegalized all types of cannabis. My order will get filled at .0185 and then plummet with the stock to god knows where. Buying at market however I know from watching the movement and the news roughly where the stock will be in the next couple of minutes. Also when you leave a pending order on the table it’s just kind of a filler so someone sells down the price is going to drop down to the next bid, and then the next. Which means when you bought SGBY at .0185 and then it drops down to the next bid of .018 and then .0175 etc your losing .5 cents each bid, if the demand is weak and the supply is strong that price is going to hell. However, when you buy market your sucking up the ask price pushing that price up to the next highest ask price. Again though for every transaction the market counters but if you watch your lvl 2 screen, rarely do you see bid just jump up 10% at a time. You will see the one huge number for example SGBY BID 500,000 then you will see a bunch of small bid orders like 1 or 10 or 100 since it’s a penny pushing up past the 500,000. Once the price has climbed 1 or 2 points if the trend is strong you will see 500,000 at the new price point and the path will continue. Likewise is true for a bear trend. When you see SGBY 500,000 as the first ask then a bunch of small asks pop up ahead of it, then 500,000 again at the new price that it’s a strong down trend. The reason for this is no one wants to get caught holding the bag so its small pushes up or down. When I place my initial orders at market I buy up or sell off the smaller bid/asks which will temporarily push the price in the direction I want and sometimes is enough to start a reversal or build up momentum within the trend. Also watch your spread between BID/ASK SGBY BID @ .0201 ASK @ .0202 there is a lot of resistance and this is one of the ways for a breakout. If all the sudden the bulls come out and push hard you will see the AVG price go from .02015 to up to .0202, then .0203 etc. Be careful of trades where there is a large spread such as SGBY BID .0201 ASK .021. No one wants to be caught holding the bag. Say SGBY has gone up 250% over a week and on Friday the spread is this wide. The guy holding 1M shares from Monday might see a strong push upwards with someone putting a 1M bid order up to increase demand and drive that price. If the guy with the 1M shares is satisified with that price, there is nothing stopping him from dropping all 1M shares on that bid. Which you might think since the offer is there they wanted them at that price. Which could be but a lot of times when you see those large numbers its people that are already sitting on a lot of shares looking to increase the price for a better sell off. The reverse is true, high ASK amounts are typically people getting lower on shares that know the stock is going to move soon within the next few days and want to buy up as many shares as cheap as possible.
So if the guy that put up the 1M share bid hoping to drive the price up gets dumped out and knocked out. The entire force behind that uptrend is gone unless there are multiple pushes. Which ultimately means that trend could and most likely will reverse and go the other way. Now the guy who bought 1M shares is taking an immediate loss due to the price dropping. However typically not always but most of the time when you see these large pushes, it is either an individual who has a lot of interest and resources in that particular stock or a group of people who have organized to let’s say maximize their opportunities. Sometimes when things don’t go accordingly you will see a huge bid and a huge ask at designated prices that never move. When BID/ASK doesn’t move it forces people to go around them, if a bid stops at a certain price people know they have to pay more than that amount to buy shares, vice versa is true. So When you have a large bid and ask price very close to each other more times than not it’s an individual or group selling shares at 1 price and buying shares at another to recoup any losses or balance out their portfolio. You might think it is just strong bull bear but if you actually watch true trend movement. Bears know to back down when bulls push up. Bulls know to back down when bears push down. It’s too costly to go full bore the other way. If bears have broken through and become more dominant bulls will shy away until the bears have grown weaker. If the demand goes down eventually bears have fewer opportunities to sell down. As I mentioned the market counters everything so if demand goes down supply will follow to balance. That’s when bull uprise and come back to push upward. This is the war between the two and watching a LVL 2 screen you can see how it all plays out. You won’t typically see a large BID and ASK at the same time if it’s a true trend movement. Its most likely someone or a few individuals putting a monopoly on that trade. Ever been in a great trending trade and then all of the sudden it just stops and for the rest of the day it just sits at one price range? Ever notice the 1M share bid and the 1M share ask 20 cents apart and randomly you will see people either selling off at market or changing their prices to be a few cents higher than the large bid or few cents shorter than the large ask? That’s because people want immediate money and when a strong trend they thought was going to make them rich stops it pisses them off and eventually they buy in or sell out at prices they didn’t want. All the while the large BID is buy shares at say $1 and the ask is selling them @ $1.20 it’s a great way to literally do nothing for an entire day and just reap in cash. Just as long as no one comes around and can push you out. You pretty much created your own ATM. The spreads are a lot closer though other-wise people will trade around you such as the previous example was a 20 cent spread well people will trade 5 cents higher than the bid and sell 5 cents lower than the ask bypassing. So typically you will see really tight spreads usually back to back.
SGBY & Hello!
What the hell happened to SGBY?!?!?! I knew that stock was going places. I still feel by end of the year it could reach as close as $1 and if it does I am going to cry so hard. I know I have said it before, I bought 2,000,000 shares @ .0027 back in I think June. Already I would be around $50k had I held onto it. If it hits $1 I would be a multimillionaire. Instead....
I would buy back in if not for 2 reasons. 1 It always drops when I buy in, 2 I promised Beau never to buy in for that reason. Oh 3. I have losers remorse feeling that it is now to late to buy in and the opportunity is gone despite the stock having great potential.
Anyways how is everyone? I have been quite absent lately I know. Chasing Forex. I learned a valuable lesson, oil has made many millionaires and billionaires but for me it is putting me in the poor house. Never touching oil again. If I zig it zags if I zag it zigs. Can never seem to catch it on the right flow. Although During the debate I was able to take $800 and turned it into $16,000 shorting the USD/MXN. Over leveraged and when Hillary won things turned quick.
I learned a lot about following a level 2 screen in the last couple of days. Thought I had a good handle on it but after scalping the USD/JPY I got a whole new concept. From what I experienced in the last few days is:
I actually had a long note I was going to post until I slapped it onto word doc to check grammar and realized it was 5 pages. So the I figured instead of leaving it vague I would break it up into separate notes and further explain each part. If anything bores you, upsets you, please let me know. If you find anything interesting, please also let me know. I know it has been a long time but I do still have the vision of forming and creating a trusted community. Consider my absence a pilgrimage into other markets. Hopefully the information you will find in the next few notes will be of benefit to you. If you have any questions please let me know.
Hey Beau, yeah it has been quiet. I got out of stocks for awhile for the reason of the ups and downs so what did i pick, futures and FX lol. My god the volatility is intense. I have an account with AAFX that offers 2000:1 leverage. I was in usd/cad the other day right before the announcement of interest hikes. One minute my investment went up by $700 then down $1300 in like 20 seconds. That was on a small investment too.
How is DCLR doing? How is everything else? Been camping lately? How is the little one?
DCLR - good, SGBY - bad lol. At least at this point though its all free shares so you never really lose anything at this point. Well in theory. I hope DCLR does well. Camping in Michigan, must be nice. I haven't been camping for god, 10 years now. Glad your having fun and yeah SGBY has a habit of diluting but it is also very resilent.
How is everyone? It has been really quite around here lately huh? I hope everyone is doing well. I apologize for my recent silence. Been busy learning Futures and FX. I got to admit they are fun but intense. I picked up $1000 on a single contract when I saw oil start plummeting.
How is everyone else making out? I hope SGBY is going amazingly. Has DCLR received its lumber contracts yet? I haven't checked up on NYMX how is that one going? I know Pleeb is in NWBO and BAS hope those go well next week.
Anyways I should have more time this weekend If anyone wants to discuss their investments or what I have learned about futures and FX so far please post your thoughts!
Have a great night!
Good morning everyone! Hope everyone is doing well. I think I am going to start looking to the future from here on out. Futures that is. After SKLN's dramatic episode I decided to shift gears for a bit. If anyone has any knowledge of futures trading I would love any advice or suggestions. If anyone is interested in futures trading I am very limited on it but will aid in the best way I can. Good luck to everyone this week! (still crying about sgby! :)
Every time I see SGBY's new price I cry 2 million times now :(. I can't believe how fast it is moving up. Its not even October yet!!!
$SKLN That is why they are holding a vote for the dilution and R/S. Without that it will not be able to remain on Nasdaq. It was also for this reason it plummeted on Thursday.
$SKLN is doing amazing tod! 9 Minutes until CC for JV with EOR. Could be a huge day for SKLN. I am with beau my portfolio is in the green.... doesn't add up! I hope I don't have to utter the words spoke to soon later!
Thats awesome!
Hey Beau, what did you sell sgby at yesterday? I hope that it continues to climb for you!
Might also be why SGBY climbed so fast
SGBY Here this might help SGBY out a bit Beau and Mary :) http://fortune.com/2016/04/22/dea-medical-marijuana/
Congrats on SGBY! Thats not a bad idea. At least this way if it goes down your only dropping profits. I am glad your finally seeing green for once! Hopefully we all can share that experience a little more. Keep us updated on DLCR. :)
Correction NAVB 62% i bet almost anything it breaks 100 today, news out about sale of LOI for 80M
NAVB up 54% with good chance of further increasing BID and ASK look like it is being pushed up. CPHD I saw when it was up 5% nd news came out, now its 52% THLD 14%, CHK 4% NAV 28% DVAX 16%, REN 8% so far at 4:45 PCT
Yeah, it will be exciting to see where NYMX goes this week :)
Everyone all geared up for the upcoming week? Anyone got any good prospects coming up? Or is everyone planning on staying in their current investments? I put the word out on Twitter about SGBY. I even put out there that I am forbidden too buy any shares from here on out due to my negative impact on the stock.
Hopefully DCLR will come back as well. I am interested to see what NYMX will do. At one point at like 4:45 AM 15 minutes prior to TD opening up trading I was up like 10k on NYMX by the time the bell rang almost all of that was gone :(, oh well. I do see a lot of potential coming up for NYMX though its all about timing.
I wonder how UWTi is going to turn out for Pleeb. I have a feeling it will be a good week for oil which means CRK and SGY will most likely see some decent gains as well.
MPET I don't know this one as well as SPU just dumbfound me. I don't know where their powerful momentum came from.
I don't think I am ever looking at BCEI again. Was nice until the next day, reminds me of my earlier years dating.
Ah I got you :).
Yeah, I am slowly learning my lessons. One hard lesson at a time. I have been burnt by staying in too late too many times. I can see SKLN hitting .4 or .5 in the next week. if it hits .5 I am automatically out. If I sense trouble before then I am out. I am playing around with my triggering system to get it to work with price ranges as does everyone else. Once I get that figured out I think life will be better. Will ultimately be best useful when I can do buy and sell orders at the same time. Set up a 5 8 stacked buy and 5 8 stacked sell orders at different price points that way no matter which way the fluctuation goes I can capture the spread. Unless there is a huge sudden shift and it drops to hell of course.
Hey Magnum good to hear from you bud! They got out of SGBY? Probably because they are rich, they took their profits and ran. However when it comes to penny stocks like SGBY and others. Getting in sub penny could ultimately make you a millionaire. I invested $5200 at .0027 Had I kept it my investment would be around $20k right now. Had SGBY gone to $.027 it would have been $52,000. had it gone to $.27 it would have been $520,000 and if it ever got back to its 52H well a little above at $2.70 I would have had 5.2M. So if your in SGBY and ride it through thick and thin it could be a very lucrative position. I know this kinda contradicts my message to Bea lol but you never know.
If that does happen then you will be the rich friend :)
I would be careful with DCLR if it is declining that is a warning sign. I would be ready to sell it off if need be.
As far as SGBY and selling points. It is called a free ride when a stock doubles and you sell half and take back your principal and let the profits "ride". The one thing I have the most trouble with in this world is selling and taking profits off the table because of the same exact reason you just mentione. What if I sell now and it goes up 4 or 5 times more??? I lose a lot!
You can't lose what you don't have but you can lose all that you do have. I have learned this lesson many times over and yet still seem to repeat it. Look at it this way. I have over 18,000 stocks throughout my watchlists. What are the odds one of them will go up Tuesday? Wednesday or any day?
I would sell of SGBY or at least enough to cover principal. Start building up your reserves. You now have more to invest then before and if done properly your next investments by nature should reap better rewards. What if SGBY does go up? Well you doubled up already so thats not a bad thing but yes you miss out on potential profit. What if bad news comes out on Tuesday and it drops to .0045 again?
What if you sell on Tuesday it drops to .0045 and then you buy back 750,000 shares again at that price? Now you still have your profits and just as many shares and if it goes up and dobules again you are looking really good.
There is no predicting what will happen it could skyrocket to $1. It could plummet to .0004 like it was back in June. Look at the 52H It was what $2.52 at one point? 3 Months ago it was .0004.
You can always get back in if you feel it is going to take off again sure. I would strongly feel it out on Tuesday and make a decision based on your thoughts of its movement. I haven't watched it lately so I do not know how much it is grown but typically from what I experienced with my personal investment in SGBY it gains gains reverses and pulls back then back up. A little bit higher each time.
I hope this helps.
Yup, Definitely missed the opportunity of SGBY... kinda like that one time I bought over 20,000 shares of STEM at .67 and sold it at .74 and the same day it went up to 2.71... yup. Lol. I hope and know that SGBY will do well. It is a solid one. Remember though it is always nice to profit no matter how small so don't worry about not putting all of your eggs in one basket for one major profit.
That one major profit can easily turn to a major loss... ask me how I know ;). Also I haven't seen DCLR lately is it doing well? I am currently putting a list together of all the stocks I was once invested in as well stocks I have seen over the last 3 months that have had huge volatility. I will post the list later with my recommendations. Such as GBR is always good for a 50% - 150% spike every 1-2 months. TPLMl is bout due for one. TWER is looking like it might spike soon. TGD VHC LEDS GBIM KOOL IMMU REN PACD are all big pops as well.
For steady growth:
SGY, SGBY, NAK, BREW, LHTN, CRK, MOMO, KTOS (use to suck not sure what happened to this one) AUMN, SPU (again news came out about the fake merger and how a guy set up the whole scheme but yet this stock has still continued to rise...) WATT, NEOS, WIX. There are more but I am still building the list.
The big spikers I am going to look at them all and see what caused their spikes and and try to estimate their next big move. I will also work on the steady ones.
I don't know about you but I need to settle most of my fudns into steady growth and stop pushing those breakouts. The breakouts are making be brokeout.
LEDS
GBR
SPHS
GBIM
OPTT
KOOL
are the ones to have the largest spikes and drops.
Anyways hope everyone else is doing well. If anyone has heard from Dino tell him to say hi sometime. I miss the guy! I would private message him but I need to actually purchase membership lol. I will do that as soon as I actually make a decent win! So in other words you can chat with me on via public boards ;)
Will do, hopefully we can all profit from it. Keep me updated on SGBY. Every .0001 it goes up I cry a little harder.
The analysis is only good if it actually happens lol. I would love to see SKLN go to $10 or even $20. Hopefully by the time the dilution happens I will have some extra cash to buy up more shares. Accidently sold off 19k yesterday while feeding the bull run at the end of the day.
Oh yeah a lot of money indeed, even though it is only .187 right now you take into account what the 250M+ volume in the last week. Your still looking at almost $50M approximately.
The thing that has people scared is doubling the outstanding shares from 100M to 200M and then reverse splitting. However with the potential of getting government contracts that could be worth upwards of 550M I think SKLN is a good long term investment. Might be a bit shaky in the next couple of weeks but who knows.
Going back on the price chart this thing has had an extremely volatile history.
This could be another huge spike like 2 years ago. The only thing is with the dilution and RS I don't see it happening immediately. Once that is past though and more news comes out about the JV with EOR. I see SKLN hitting $5 within a years time $10 - $15 within 2. My goal right now is to ride it out until we get close to the dilution.
Then I will sell off my existing stake. Wait for the dilution and price drop that will result in shareholder sell off. Buy in as cheap as possible and then hold on for dear life :).
I think after September 14th if the vote does pass and everything goes into affect that will be its darkest hour. After that hopefully some news will come out about EOR's JV. Hopefully something with an accepted gov contract that is worth 10-20 even 50M. Then you will see SKLN shoot up fast.
If you look at the 5Y price chart:
http://www.bloomberg.com/quote/SKLN:US
05/05/2012 $3.75
05/25/2012 $7.12 89.86%
06/08/2012 $4.05
08/03/2012 $9 122.22%
09/21/2012 $4.875
11/02/2012 $10.50 115.38%
03/01/2013 $4.65
04/26/2013 $15.75 238.7%
07/12/2013 $9.938
09/13/2013 $29.175 193.57%
After that it continues to spike and dip widlly but overall on a downtrend. This stock has definitely made a lot of money for some and unfortunately probably lost a lot of money for others.
I am hoping after the dilution it will go back to its climb in 2012 and 2013. From 03/01 to 09/13 2013 it 527.41% in 6 months. Thats almost 100% a month.
We will see how it goes though. I will keep looking its potential over the weekend. If anyone else has any other stocks that they think are good, please let us know :)
Thanks!
Thanks Zardiw, I hope it continues to rise. I could really use a good win on this one :). Are you invested as well? With the recent news SKLN should continue to go up however with the vote for dilution and reverse split on the 14th or 15th I believe, that might hamper its growth.
Nice! I wish I still had my 2 million shares. I think I might buy back into SGBY ;). Well I hope SGBY keeps climbing for you. Hopefully SKLN will continue to rise. What is everyone else in? I know Pleeb is in UWTI, I know CJ is in NYMX. How is everyone else's portfolio's doing?
Nice! I wish I still had my 2 million shares. I think I might buy back into SGBY ;). Well I hope SGBY keeps climbing for you. Hopefully SKLN will continue to rise. What is everyone else in? I know Pleeb is in UWTI, I know CJ is in NYMX. How is everyone else's portfolio's doing?
Oh NYMX definitely has potential. Unfortunately I sold off though but with recent news and everything NYMX will definitely rise again. Just need to get the bears out of it. The price has purposely been pushed down I believe. I have a feeling next Monday - Tuesday you will see a reversal and NYMX will probably break $5. Depending on where I am with SKLN... I might get back into NYMX.
As far as SKLN I think tomorrow will be good, Fibonacci shows a 50% chance for .2054, 38% chance for .23 and 25% chance for .27 for tomorrow. Also I think today was mostly people taking profits off the table. Who knows we will see tomorrow.
Hope NYMX goes well for you. I hope UWTI goes well for Pleeb01, I hope SGBY goes well for Beau, not sure what Dino is in he never talks anymore :(.
Dinogreeves, you still around buddy? I haven't heard from you in a long time. Hope all is good and you and your son are doing well. What are your thoughts so far on everything? Hope to hear from you soon. Have a good day bud!
I hope you do well with NYMX. I was up 12k the other morning right before I was able to trade during pre, right before 5 am my time, the damn thing sunk. I went from having good profits to losses on it :(. Oh well you win some and you lose some.
SKLN there GTC_EXT order for 100,000 shares of SKLN at $1 lol, time for lunch, I would be amazed if I came back with an additional 100 grand in my account. Talk soon.
I hope so this thing took a nose diver fast. Wish I would have waited to buy lol.
I would be happy if it just got to $0.30. if it gets to $1 I am taking everyone out for drinks, if it gets to $10 I am taking everyone any place you guys want for vacation! :)
Nice what price point did you get in at?