lowtrade

[lowtrade]

Educational post!

I haven't posted about the triple zero, channel pattern play lately.

It's all in the numbers & I did like it, and play it, in the past. Basically it wasn't challenging, and bored me. Went for a different comfort zone.

The trick to making a living with the pattern, is finding the turn around time, that matches your income need.

What happens is a stock gets to .000something and starts shifting back a forth, between .0001 & .0002 a double. So every time you buy & sell you double you cash play.

The pay out timing is based on where you are in the order line, how big the order line is, and how many M&Ms are playing. The smaller the line & larger the M&Ms the quicker you can expect a payday.

What I use to do is divide my lump, between several plays at once. Rather then entering in steps, on a swing trade. That way I can still schedule by rev stream.

So all you do is place a GTC (good til closed) buy order and wait! The minute it closes, you place a GTC sell order and wait!

Depending on the number in line & M&M dealing tables, your turn around time, can vary form several days to months. Normally any that payout fast, don't last!

Play some mix & match, find a comfort zone! You don't need to know the story, study the TA & charts, all you need to do is, MAKE SURE, the company doesn't stop trading or go BK.

Pennies down here have a tendency to disappear, with all your cash! You MUST, research the chance or timing for any stop in trading! Else it's just a job. Scheduling & finding new clients, as old ones leave!

Have fun! When you put a hundred/thousand in. If your in one that's been around over a year, you can get a feel for the payday cycle, after your 3rd turn. That's the pattern. From then on, you can expect a pay check on schedule. Till you get fired or quit. Most of the time you turn around is in the months, with established channel stocks.

PS; You want to find the one that channel at .0001. It can't go lower, you can only get pops up, no dives! Else your risk level went from zero, to a risk reward thing.