Jan 31st Seminar HOD List – Long/Short – Scans – Where to Put Stocks on Watch
– HOD list where do you get it?
– Whole numbers (recent example/screen shot)
– Where does one find the scan list? or stocks we are watching?
– Importance of reviewing the scans and tickers to be familiar for the next trading session
– Best time to log into the chat room in the morning?
– Are stocks on the HOD list to short, long, or both?
– What do we mean when we say “thinning out?”
– Scans on watchlist? How to watch them?

[Jan 31, 2010 5:01:28 PM PST] InvestorsLive Alright – welcome all – same as usual I’ll go through the questions I received, if you have questions feel free to PM and then we’ll open it right up

[Jan 31, 2010 5:02:16 PM PST] InvestorsLive Actually just got 3 good questions for those that are new members with us

[Jan 31, 2010 5:02:29 PM PST] InvestorsLive Where does a chat member go during the day to find the HOD list, or is there such a list?

[Jan 31, 2010 5:02:44 PM PST] InvestorsLive Muddy uses Scottrade, I use SpeedTrader

[Jan 31, 2010 5:02:56 PM PST] InvestorsLive EquityFeed also has one and I believe Etrade has something on one of their streamers

[Jan 31, 2010 5:03:24 PM PST] InvestorsLive the original is Scottrade, its awesome works perfectly – SpeedTrader for those who have DAS Trader it just has to be turned on.. but it has filters and scrolls a bit slower

[Jan 31, 2010 5:03:56 PM PST] InvestorsLive QUESTION: Where does one find the scan lists, or a list of stocks Muddy and others are watching?

[Jan 31, 2010 5:04:09 PM PST] InvestorsLive investorsunderground.com/dashboard

[Jan 31, 2010 5:04:19 PM PST] Laura reason we reco Scott for hod list, is only $500 min to open an acct

[Jan 31, 2010 5:04:31 PM PST] InvestorsLive zactly, good point L

[Jan 31, 2010 5:04:43 PM PST] InvestorsLive you just have to deposit $500 for an acct and they leave you alone even if you don’t trade there

[Jan 31, 2010 5:05:03 PM PST] InvestorsLive You can open an account at Scottrade but after a few months of 0 activity they will close

[Jan 31, 2010 5:05:10 PM PST] Laura and withdraw $499 if you want, lol

[Jan 31, 2010 5:05:30 PM PST] InvestorsLive ha

[Jan 31, 2010 5:05:32 PM PST] InvestorsLive QUESTION: Where does one find the scan lists, or a list of stocks Muddy and others are watching?

[Jan 31, 2010 5:05:36 PM PST] InvestorsLive So, on that the dashboard has it all

[Jan 31, 2010 5:05:46 PM PST] InvestorsLive You can see Mud did a bunch of scans this weekend

[Jan 31, 2010 5:05:50 PM PST] InvestorsLive and I’ve posted mine for tomorrow

[Jan 31, 2010 5:06:04 PM PST] InvestorsLive every night that’s where they are at, I would recco becoming familiar with how we scan which is on the stockfetcher scans page

[Jan 31, 2010 5:06:29 PM PST] Laura learn to do your own scans like Muddy does here http://greenonthescreen.blogspot.com/2008/06/im-gonna-try.html

[Jan 31, 2010 5:06:44 PM PST] Laura do your own and you get to know the stocks better

[Jan 31, 2010 5:07:33 PM PST] InvestorsLive The benefit to looking at the scans each night (and like L said doing them yourself) a) you can see if you come up with the same “cherry picked” b) you’re already familiar with them and c) your response time during the day if they pop up is MUCH quicker because you can blinding jump in something if you already know exactly what it looks like

[Jan 31, 2010 5:07:51 PM PST] Laura right

[Jan 31, 2010 5:07:53 PM PST] InvestorsLive so sometimes you’ll see a subscriber or 2 say… how the heck can you buy so fast… well… we already know what it looks like

[Jan 31, 2010 5:07:59 PM PST] InvestorsLive we’re just WAITING for it to hit scan

[Jan 31, 2010 5:08:02 PM PST] Laura it’s like when Muddy says “former runner”

[Jan 31, 2010 5:08:03 PM PST] InvestorsLive if it does.. bang .. in

[Jan 31, 2010 5:08:09 PM PST] Laura he doesn’t mean last week………..

[Jan 31, 2010 5:08:28 PM PST] Laura he means he knows it from the past few years

[Jan 31, 2010 5:09:01 PM PST] InvestorsLive yup and that list is always always growing – people want stocks they know have ran in the past for example.. in a few months I’m sure we’ll find FTER at .01-.02 or something

[Jan 31, 2010 5:09:08 PM PST] InvestorsLive Muddy will see with vol down the road

[Jan 31, 2010 5:09:18 PM PST] InvestorsLive we’d never seen FTER before but we now know…

[Jan 31, 2010 5:09:24 PM PST] InvestorsLive it has a history and can really pop

[Jan 31, 2010 5:09:34 PM PST] InvestorsLive people remember.. so do we

[Jan 31, 2010 5:09:41 PM PST] InvestorsLive QUESTION: What time should a chat member be logged into chat to know all of what is being watched before the market opens?

[Jan 31, 2010 5:09:59 PM PST] InvestorsLive This is really up to you, altho I don’t say much I’m usually there at 8ish .. just scouting out

[Jan 31, 2010 5:10:15 PM PST] InvestorsLive I like to get a feel for it for the day, see what pumps are out, see whats tanked and what’s way up on the day

[Jan 31, 2010 5:10:35 PM PST] InvestorsLive start compiling a list of watches for that morning and after you watch a few stocks in the AM… that are trading up

[Jan 31, 2010 5:10:48 PM PST] InvestorsLive you’ll see how they react around certain levels… and you are prepared for 930AM

[Jan 31, 2010 5:11:09 PM PST] InvestorsLive so I would recco at least 9am if not earlier… doesn’t mean you have to trade

[Jan 31, 2010 5:11:12 PM PST] InvestorsLive Muddy never trades pre market…

[Jan 31, 2010 5:11:22 PM PST] InvestorsLive I do if I’m bored … or if I see an opportunity like I did Friday

[Jan 31, 2010 5:11:30 PM PST] InvestorsLive on YTEL or whatever it was

[Jan 31, 2010 5:11:47 PM PST] InvestorsLive but I would never recco trading pre market unless you know what you’re doing, its VERY risky

[Jan 31, 2010 5:12:05 PM PST] InvestorsLive same with After hours

[Jan 31, 2010 5:12:11 PM PST] Laura yes, see too many new traders trying to trade Pre

[Jan 31, 2010 5:12:46 PM PST] InvestorsLive my answer to pre and after hours is the same as what I tell people on pumps, if you have to ask me where you should be buying/selling, I would NOT reccomend them… wait til later when you’re confident on your own

[Jan 31, 2010 5:12:46 PM PST] Muddy during pre i’m trying to catch the highs that these, most of them news or pump driven, hit after about 8:30 a.m.

[Jan 31, 2010 5:13:15 PM PST] InvestorsLive yea another thing too like Mud is saying you get some time to research by getting up early

[Jan 31, 2010 5:13:20 PM PST] InvestorsLive so what was the cancer one?

[Jan 31, 2010 5:13:24 PM PST] InvestorsLive I something the other day

[Jan 31, 2010 5:13:25 PM PST] InvestorsLive ISR

[Jan 31, 2010 5:13:28 PM PST] InvestorsLive maybe

[Jan 31, 2010 5:13:43 PM PST] InvestorsLive gives you time to say ok this stock is up.. why? ok.. cancer… this PROBABLY has legs, very pumpable

[Jan 31, 2010 5:13:53 PM PST] InvestorsLive vs. ok this is up b/c of a buyout

[Jan 31, 2010 5:14:24 PM PST] InvestorsLive also you can see some big gaps on news that’s already hit… many times as Muddy/L said other day,… make for great shorts again off pops

[Jan 31, 2010 5:14:28 PM PST] InvestorsLive in this market…

[Jan 31, 2010 5:14:49 PM PST] InvestorsLive its shifting gears a little bit.. still lots of longs but the shorts after these big pushes are starting to come back into play and profitable

[Jan 31, 2010 5:15:25 PM PST] InvestorsLive QUESTION: Are you look ing for HOD to short or go long? Or both?

[Jan 31, 2010 5:15:39 PM PST] InvestorsLive HOD list is basically the only scanner we use during the day

[Jan 31, 2010 5:15:45 PM PST] InvestorsLive I do use equity feed for my OTCBBs

[Jan 31, 2010 5:16:03 PM PST] InvestorsLive but HOD list is whats happening NOW, what stocks are at HODs and IN PLAY and if they are on scan we know what we are looking for

[Jan 31, 2010 5:16:24 PM PST] InvestorsLive they are all played the same way – Darkside watches if it hits red/green possible great buy if you see it on HOD list

[Jan 31, 2010 5:16:46 PM PST] InvestorsLive on the same note, if its on HOD list all day from Darkside watch and you see a late day fade or green/red probability of success on a short.. is in your favor

[Jan 31, 2010 5:17:09 PM PST] InvestorsLive QUESTION: I know youve got over this in previous seminars but the more it gets drilled in my head the better, can you go over round numbers?

[Jan 31, 2010 5:17:31 PM PST] InvestorsLive The most recent play is ISCO

[Jan 31, 2010 5:17:33 PM PST] InvestorsLive http://i50.tinypic.com/23iw8p1.gif

[Jan 31, 2010 5:17:39 PM PST] InvestorsLive which I had listed off when I gave my buy at $1

[Jan 31, 2010 5:17:52 PM PST] InvestorsLive mentioned it was a text book break like we go over in seminar

[Jan 31, 2010 5:18:09 PM PST] InvestorsLive the hardest part of trading is when/where/how to get in/for how long/entry/exit etc etc etc

[Jan 31, 2010 5:18:28 PM PST] InvestorsLive as stocks approach whole numbers it makes the hard part go away because you can anticipate the break

[Jan 31, 2010 5:18:49 PM PST] InvestorsLive you can buy anticipating it will break $1 .. if it doesn’t chances are it hovers around… worst case sell even or small loss

[Jan 31, 2010 5:19:38 PM PST] InvestorsLive same thing with Nasdaqs, over/unders if a stock has really ripped and you feel you’ve missed it on the run from $3.60 to $4 bucks but chart says it could go to $5+ then let it do over/under $4 consolidate if it holds, take it long

[Jan 31, 2010 5:19:51 PM PST] InvestorsLive worst case you have an exit if it breaks under $4 you know you shouldn’t be in

[Jan 31, 2010 5:20:29 PM PST] InvestorsLive QUESTION: Thinning out = less volume?

[Jan 31, 2010 5:20:40 PM PST] InvestorsLive you’ll see me write thinning out a bit sometimes during day

[Jan 31, 2010 5:20:44 PM PST] InvestorsLive like JALSY and a few others

[Jan 31, 2010 5:21:03 PM PST] InvestorsLive what I mean by this is basically instead of having a ton of Market makers between lets say… $1.30 and 1.50

[Jan 31, 2010 5:21:07 PM PST] InvestorsLive now there’s only 1 or 2

[Jan 31, 2010 5:21:08 PM PST] InvestorsLive for example

[Jan 31, 2010 5:21:32 PM PST] InvestorsLive $1.28 1.29 1.29 1.30 1.31 1.35 1.40 1.50 on the offer of JALSY

[Jan 31, 2010 5:21:50 PM PST] InvestorsLive you see volume coming in and perking up… now its $1.30 bid

[Jan 31, 2010 5:22:16 PM PST] InvestorsLive instead of 7 or 8 market makers between here and $1.50

[Jan 31, 2010 5:22:19 PM PST] InvestorsLive now there’s only 2..

[Jan 31, 2010 5:22:41 PM PST] InvestorsLive that along with the perking up on the 1 min chart I see as very bullish and I’m sure as you saw many times this week you noticed the move shortly there after

[Jan 31, 2010 5:23:35 PM PST] yyyguy so thinning out means less resistance showing on level II?

[Jan 31, 2010 5:23:38 PM PST] BAs3ball when watching a stock to break, do you watch level II or 1 minute chart

[Jan 31, 2010 5:23:40 PM PST] InvestorsLive This is on level 2 is what I’m referring to

[Jan 31, 2010 5:23:40 PM PST] InvestorsLive yes

[Jan 31, 2010 5:23:56 PM PST] InvestorsLive I do, Muddy doesn’t – I use Level 2 more on OTCBB

[Jan 31, 2010 5:24:07 PM PST] InvestorsLive it’s really up to you as a trader what makes you comfortable or how you learned to trade

[Jan 31, 2010 5:24:16 PM PST] InvestorsLive sometimes I may see “noise” that Muddy doesn’t see

[Jan 31, 2010 5:24:34 PM PST] InvestorsLive maybe has negative impact on my decision where as he didn’t even see…. so still in and makes 20% more

[Jan 31, 2010 5:24:48 PM PST] InvestorsLive and vice versa, no rhyme or reason just up to you as a trader if you find it more helpful

[Jan 31, 2010 5:25:17 PM PST] BAs3ball either way as long as it’s a 10 bagger

[Jan 31, 2010 5:25:34 PM PST] InvestorsLive lol

[Jan 31, 2010 5:25:39 PM PST] InvestorsLive any other questions regarding the stuff so far?

[Jan 31, 2010 5:25:58 PM PST] ko1 so when u say “thinning out”, r/r is good that you could scalp a few % shortly after? 🙂

[Jan 31, 2010 5:26:00 PM PST] BAs3ball yes, but we has at least 2 last week. Thanks Ched and Pedro

[Jan 31, 2010 5:26:18 PM PST] InvestorsLive right k01 less resistance in the way and probably if it pops where I’d be taking some off

[Jan 31, 2010 5:26:45 PM PST] yyyguy is it the size of the orders as well as the number of mm’s?

[Jan 31, 2010 5:27:02 PM PST] InvestorsLive I’m talking OTCBB

[Jan 31, 2010 5:27:04 PM PST] InvestorsLive not Nasdaq

[Jan 31, 2010 5:27:13 PM PST] InvestorsLive you can’t see size on OTCBB – just shows min size

[Jan 31, 2010 5:27:36 PM PST] drinkslngrgal Why is it, that all my OTC stocks always show 50k as the amount being bought or sold?

[Jan 31, 2010 5:27:53 PM PST] InvestorsLive dunno prob ur settings

[Jan 31, 2010 5:28:14 PM PST] InvestorsLive but under .501 cents min bid size is 5k which is shown

[Jan 31, 2010 5:28:24 PM PST] InvestorsLive .501 and above min bid size to represent is 2500

[Jan 31, 2010 5:28:37 PM PST] InvestorsLive and 1.01 and above min bid size to represent is 500

[Jan 31, 2010 5:28:50 PM PST] InvestorsLive So, another chart I felt would be helpful to you guys…. MEDG

[Jan 31, 2010 5:29:02 PM PST] InvestorsLive Much like what I discuss even on 1 min intraday charts – what we are http://i48.tinypic.com/658neg.png

[Jan 31, 2010 5:29:27 PM PST] InvestorsLive what I am looking at ** same stuff on intraday as daily

[Jan 31, 2010 5:29:40 PM PST] InvestorsLive former runner – big run lil bit ago, and now starting to perk up off the .50 support

[Jan 31, 2010 5:30:02 PM PST] InvestorsLive saw that at .53 and gave it a shot, risk vs. reward if .50 didnt hold… I’m out

[Jan 31, 2010 5:30:25 PM PST] InvestorsLive and as you guys have seen with more liquidity I’m perfectly happy giving entry and exits

[Jan 31, 2010 5:30:41 PM PST] BAs3ball IL- have you or other mod’s compiled a listing of tools used during the day. Other than broker used ? This might be helpful to new traders.

[Jan 31, 2010 5:30:59 PM PST] InvestorsLive but as I always say on these other ones OTCBBs that aren’t trading a ton… have risk … etc if you guys have to rely on some1 saying they just bought in order for you to buy.. you shouldn’t be trading it

[Jan 31, 2010 5:31:28 PM PST] InvestorsLive Baseball yes did you review I’m gonna try post that Laura pasted at the start of the seminar?

[Jan 31, 2010 5:31:39 PM PST] InvestorsLive It’s all there we go over everything every seminar as to what we use

[Jan 31, 2010 5:31:53 PM PST] InvestorsLive and stock fetcher scans page is full of info

[Jan 31, 2010 5:32:03 PM PST] yyyguy So in your scans you have already vetted the stocks on a daily basis and just waiting for the intraday chart to shape up?

[Jan 31, 2010 5:32:39 PM PST] InvestorsLive if I see a stock on scan yyyguy – I check the daily chart normally 3 month or 6 month… if I agree with possible reversal like MEDG .. then I’ll buy

[Jan 31, 2010 5:32:45 PM PST] InvestorsLive vs just a momentum trade

[Jan 31, 2010 5:32:58 PM PST] InvestorsLive but its all the same charts like I went over last time

[Jan 31, 2010 5:33:14 PM PST] Laura Muddy eyeballs every chart for the stocks on his scans too

[Jan 31, 2010 5:33:19 PM PST] Laura And so should you

[Jan 31, 2010 5:33:50 PM PST] Laura Never trade off someone’s watchlist unless you know the chart/price action

[Jan 31, 2010 5:34:02 PM PST] InvestorsLive https://i48.tinypic.com/16phsz.gif see how quick we made a decision to buy JALSY

[Jan 31, 2010 5:34:08 PM PST] InvestorsLive Muddy had found night before… everyone was watching

[Jan 31, 2010 5:34:23 PM PST] Muddy right, i see a chart like KLGG for instance

[Jan 31, 2010 5:34:53 PM PST] Muddy never saw it before but after running my scans and eyeballing it, its in my head now

[Jan 31, 2010 5:35:05 PM PST] Muddy yes JA

[Jan 31, 2010 5:35:13 PM PST] Muddy JALSY

[Jan 31, 2010 5:35:20 PM PST] Muddy the same thing

[Jan 31, 2010 5:35:23 PM PST] yyyguy JALSY already up 5 days straight, but the fact that it closed at HOD gives you confidence?

[Jan 31, 2010 5:35:44 PM PST] InvestorsLive I’m not talking JALSY for a long yyyguy I’m talking the day Muddy scanned it at night

[Jan 31, 2010 5:35:46 PM PST] InvestorsLive at .60 cents

[Jan 31, 2010 5:35:50 PM PST] Muddy as soon as it hit my scan the 1st night, i was like, wow….maybe this will be good

[Jan 31, 2010 5:36:02 PM PST] InvestorsLive and then it was on my radar because of that, I knew if it came on scans… BEAT CHART BEAT BEAT BEAT

[Jan 31, 2010 5:36:12 PM PST] InvestorsLive I knew I wanted in if it hit HODs w/ vol

[Jan 31, 2010 5:37:00 PM PST] ko1 IL’s scan is the HOD list, Muddy‘s scan is?

[Jan 31, 2010 5:37:06 PM PST] InvestorsLive HOD

[Jan 31, 2010 5:37:17 PM PST] InvestorsLive HOD list and I also use Equity feed

[Jan 31, 2010 5:37:18 PM PST] InvestorsLive that’s all

[Jan 31, 2010 5:37:25 PM PST] InvestorsLive as far as scans at night………….

[Jan 31, 2010 5:37:31 PM PST] InvestorsLive that’s all listed again on the link Laura gave

[Jan 31, 2010 5:37:39 PM PST] InvestorsLive as well as Stock Fetcher scans page off the dashboard

[Jan 31, 2010 5:38:06 PM PST] Laura we do nightly and weekly scans…….these are different than the HOD list!

[Jan 31, 2010 5:38:24 PM PST] Laura read this post please when you have time http://greenonthescreen.blogspot.com/2008/06/im-gonna-try.html

[Jan 31, 2010 5:38:34 PM PST] emarty Do you try to play the Night Scans, HOD Scans only? what about alerts that come from others in chat? Do you look at them too?

[Jan 31, 2010 5:38:44 PM PST] InvestorsLive One other thing and I know folks had some questions for Mud, but yet another textbook set up ISCO: https://i45.tinypic.com/2w5kcx1.png I had mentioned intraday you can see we bought the $1 break and then I said it was setting up for another texctbook breakout ended up closing HODs – remember this chart it will MAKE YOU $$$

[Jan 31, 2010 5:38:49 PM PST] InvestorsLive Yes emarty… always

[Jan 31, 2010 5:38:57 PM PST] InvestorsLive chedhed / Fugu on fire with low priced stocks

[Jan 31, 2010 5:39:12 PM PST] InvestorsLive I look at everything, unless its off topic… Muddy and I can’t catch them all

[Jan 31, 2010 5:39:36 PM PST] Muddy i also use ib, markets gainers for the pinks/otcbb’s/Q’s too

[Jan 31, 2010 5:40:09 PM PST] Muddy and run SF scan under $1 every 1/2 hour aftr 11a.m.

[Jan 31, 2010 5:40:21 PM PST] tapout_mma Muddy, I am a bit confused on your losers scan…Are you looking to go long on green with those?

[Jan 31, 2010 5:40:30 PM PST] InvestorsLive (many times we have similar results Muds mid day scan and my equity feed)

[Jan 31, 2010 5:40:54 PM PST] Muddy but most of my trades come right off my watches/scrolling hod list

[Jan 31, 2010 5:41:18 PM PST] Muddy tapout, yes

[Jan 31, 2010 5:41:45 PM PST] tapout_mma Thank You

[Jan 31, 2010 5:42:16 PM PST] Laura more questions?

[Jan 31, 2010 5:42:45 PM PST] Muddy from that losers scan, i did not realize KNDI has fallen so hard

[Jan 31, 2010 5:43:09 PM PST] Muddy it has the stats to be good when a bounce comes

[Jan 31, 2010 5:43:22 PM PST] tapout_mma of course you are looking for proce action and volume losers scan

[Jan 31, 2010 5:43:34 PM PST] yyyguy When the market is correcting, do you look for more shorts, or does the overall market not matter?

[Jan 31, 2010 5:43:43 PM PST] Muddy dayrange+ # of times run over 10% last 100 days

[Jan 31, 2010 5:44:22 PM PST] Muddy usually doesnt matter but the past 2 weeks, shorting into fast spikes has worked great for us

[Jan 31, 2010 5:45:10 PM PST] tapout_mma great makes more sense to me now.

[Jan 31, 2010 5:45:13 PM PST] Muddy but remember, i only trade 1/30 of my acct in 1 stock, so i can average up

[Jan 31, 2010 5:45:30 PM PST] Muddy which many times proves even better

[Jan 31, 2010 5:45:43 PM PST] Muddy more shares when it falls

[Jan 31, 2010 5:46:34 PM PST] Muddy i NEVER avg down on a long but shorts i really have no fear on these crappy ones to avg up

[Jan 31, 2010 5:46:47 PM PST] tapout_mma was confused on losers scan and darkside watches because I seen you going long on a few darkside stocks

[Jan 31, 2010 5:46:54 PM PST] ddj Is averaging up or down bettern than taking a small loss and buy it again later?

[Jan 31, 2010 5:47:01 PM PST] tapout_mma understand it more now though

[Jan 31, 2010 5:47:50 PM PST] Laura ddj, we are usually averaging up on ones we know can’t hold gains……SMTX this week for example

[Jan 31, 2010 5:47:57 PM PST] Laura I think we shorted it 4 times

[Jan 31, 2010 5:48:12 PM PST] Laura but some, sure, better to take loss/flip to long

[Jan 31, 2010 5:48:20 PM PST] ddj I see. Ty!

[Jan 31, 2010 5:48:50 PM PST] InvestorsLive Loser scan is great tho because many times extremely beat if they make the list…

[Jan 31, 2010 5:48:58 PM PST] InvestorsLive and on red/green and/or if they hit scans

[Jan 31, 2010 5:49:03 PM PST] InvestorsLive usually end up being some of the top % gainers

[Jan 31, 2010 5:49:05 PM PST] InvestorsLive for the day

[Jan 31, 2010 5:49:24 PM PST] InvestorsLive most times Mud scans after a huge red day in market

[Jan 31, 2010 5:49:58 PM PST] Laura right, we don’t do ALL the scans every night

[Jan 31, 2010 5:50:22 PM PST] Laura once you do them on your own you get a better feel for what to scan for

[Jan 31, 2010 5:51:00 PM PST] Laura Go to scans are the Darkside Watches and the Dayrangers

[Jan 31, 2010 5:51:39 PM PST] Laura IL is right, Losers scan interesting now since markets so far down

[Jan 31, 2010 5:52:07 PM PST] TheFranchise How much does the market coorelate with these sub pennies? barely?

[Jan 31, 2010 5:52:16 PM PST] InvestorsLive 0

[Jan 31, 2010 5:52:21 PM PST] Laura 0

[Jan 31, 2010 5:52:31 PM PST] InvestorsLive there is no correlation

[Jan 31, 2010 5:52:34 PM PST] TheFranchise yeah thats what i thought

[Jan 31, 2010 5:52:37 PM PST] MostlyLucid when you are scalping a position (back and forth or just one direction) what size move are you generally looking for per trade?

[Jan 31, 2010 5:52:39 PM PST] Muddy i do a bunch of longs off darksides

[Jan 31, 2010 5:52:51 PM PST] Muddy pure momo on those

[Jan 31, 2010 5:52:57 PM PST] Muddy if green

[Jan 31, 2010 5:53:07 PM PST] InvestorsLive all relative to the stock MostlyL

[Jan 31, 2010 5:53:10 PM PST] Muddy red, then watch your short side

[Jan 31, 2010 5:53:11 PM PST] InvestorsLive can’t really answer that generally

[Jan 31, 2010 5:53:19 PM PST] InvestorsLive depends on the range

[Jan 31, 2010 5:53:33 PM PST] TheFranchise do candle stick patterns apply to the runners? like harami pattern for example

[Jan 31, 2010 5:53:37 PM PST] MostlyLucid depends on past history or stock price?

[Jan 31, 2010 5:53:54 PM PST] InvestorsLive no idea TheFranchise, showed you the candlestick setups I look for

[Jan 31, 2010 5:53:57 PM PST] InvestorsLive that’s about it

[Jan 31, 2010 5:54:01 PM PST] InvestorsLive I don’t know the names of them

[Jan 31, 2010 5:54:06 PM PST] TheFranchise where are those?

[Jan 31, 2010 5:54:09 PM PST] InvestorsLive wedge, triangle.. ’bout it

[Jan 31, 2010 5:54:10 PM PST] TheFranchise sorry, came in late

[Jan 31, 2010 5:54:17 PM PST] TheFranchise ok i see

[Jan 31, 2010 5:54:43 PM PST] Laura http://greenonthescreen.blogspot.com has BB chart patterns Muddy likes, and no. we don’t do overanalysis on candles

[Jan 31, 2010 5:54:46 PM PST] Laura just basic

[Jan 31, 2010 5:55:47 PM PST] Laura It would really help a lot of you to read the blog. Muddy did it for education, not daily updating.

[Jan 31, 2010 5:55:56 PM PST] emarty Do you take the scans ie: darkside, nightly, ect and save them as watchlist and put them in a streaming platform?? not really sure what to do with the scan or my own scan results after I complete a scan to get the most out of them.

[Jan 31, 2010 5:56:09 PM PST] InvestorsLive Franchise – stuff like this: https://i45.tinypic.com/2w5kcx1.png on daily and 3 month 6 month etc

[Jan 31, 2010 5:56:14 PM PST] Laura we put ours on watchlists in scott/IB

[Jan 31, 2010 5:56:28 PM PST] Laura and flip thru watchlists thru the day emarty

[Jan 31, 2010 5:57:05 PM PST] Laura hod list crucial though since we know so many stock tickers.

[Jan 31, 2010 5:57:11 PM PST] emarty I’m with TD Ameri, my brother wants to open account so I should send him to scott?

[Jan 31, 2010 5:57:19 PM PST] Laura see one there, and we know it’s on one of our lists

[Jan 31, 2010 5:57:40 PM PST] TheFranchise TY

[Jan 31, 2010 5:58:11 PM PST] Laura scott not the best option for trading, esp if you want to short low priced and long otcbbs/pinks

[Jan 31, 2010 5:58:50 PM PST] emarty what is scott/IB ?

[Jan 31, 2010 5:59:15 PM PST] Laura Scottrade or Interactive Brokers

[Jan 31, 2010 5:59:18 PM PST] MostlyLucid so if a stock is on the watch list for the day, do you open a 1 min chart for it and watch that for movement before opening a position or what alerts you that it is moving? I find it challangeing to monitor the 10 or more stocks on the daily scans…

[Jan 31, 2010 5:59:52 PM PST] InvestorsLive I have all 1 min chart

[Jan 31, 2010 6:00:02 PM PST] Laura don’t watch charts til we see a reason to

[Jan 31, 2010 6:00:19 PM PST] InvestorsLive I trade based off charts so for me yes, always staring at it

[Jan 31, 2010 6:00:19 PM PST] Laura Muddy never looks at charts

[Jan 31, 2010 6:00:36 PM PST] MostlyLucid that is where I get lost…what gives you the reason to watch the chart? do you have 10 of them open at once?

[Jan 31, 2010 6:00:45 PM PST] InvestorsLive 7 or 8

[Jan 31, 2010 6:01:03 PM PST] InvestorsLive scroll thru ’em

[Jan 31, 2010 6:01:21 PM PST] MostlyLucid OK..thanks

[Jan 31, 2010 6:01:33 PM PST] InvestorsLive any other questions guys?

[Jan 31, 2010 6:02:01 PM PST] emarty Looking for volume as u scroll

[Jan 31, 2010 6:02:13 PM PST] emarty ?

[Jan 31, 2010 6:02:21 PM PST] InvestorsLive perking up,… gearing

[Jan 31, 2010 6:02:22 PM PST] InvestorsLive volume

[Jan 31, 2010 6:02:23 PM PST] InvestorsLive etc

[Jan 31, 2010 6:03:50 PM PST] dantx hey Muddy since scott did theyre upgrade i can only open 5 qoute boxes. how about ya,ll

[Jan 31, 2010 6:04:09 PM PST] InvestorsLive right, you can just log in

[Jan 31, 2010 6:04:11 PM PST] drinkslngrgal that’s all we can open too

[Jan 31, 2010 6:04:12 PM PST] InvestorsLive multiple times

[Jan 31, 2010 6:04:18 PM PST] InvestorsLive diff browsers/PCs

[Jan 31, 2010 6:04:23 PM PST] InvestorsLive allows multiple log ins

[Jan 31, 2010 6:04:56 PM PST] dantx used to i could open 20 qoute boxes

[Jan 31, 2010 6:05:11 PM PST] Laura exactly IL

[Jan 31, 2010 6:05:28 PM PST] Laura open Scott with multiple browsers

[Jan 31, 2010 6:06:13 PM PST] InvestorsLive http://www.investorsunderground.com/2010/01/31/scans-for-012910-from-InvestorsLive-2/

[Jan 31, 2010 6:06:15 PM PST] InvestorsLive Scans for tomorrow

[Jan 31, 2010 6:06:18 PM PST] dantx im lost on that explorer and another like

[Jan 31, 2010 6:06:28 PM PST] dantx Laura

[Jan 31, 2010 6:06:45 PM PST] InvestorsLive what?

[Jan 31, 2010 6:06:46 PM PST] Laura I don’t do more than 5 qboxes

[Jan 31, 2010 6:06:51 PM PST] dantx same account

[Jan 31, 2010 6:07:01 PM PST] Laura but no prob opening fireforx 4 times

[Jan 31, 2010 6:07:06 PM PST] dantx ok

[Jan 31, 2010 6:07:14 PM PST] kbrackelman Hi folks, I have a few questions as I’m new.

[Jan 31, 2010 6:07:30 PM PST] kbrackelman How do I properly read a tech. chart?

[Jan 31, 2010 6:07:31 PM PST] Laura Mudd and I are signed into same scott and IB accounts at all times

[Jan 31, 2010 6:07:59 PM PST] dantx 5 is prolly enuff i get too spread out too many positions and then trouble

[Jan 31, 2010 6:08:00 PM PST] InvestorsLive I heard Brian Shannons book is good kbrackelman

[Jan 31, 2010 6:08:07 PM PST] InvestorsLive as far as learning charts

[Jan 31, 2010 6:08:13 PM PST] Laura yeah, so I’ve heard too

[Jan 31, 2010 6:08:14 PM PST] InvestorsLive i haven’t read it tho

[Jan 31, 2010 6:08:57 PM PST] InvestorsLive but other than that – I just look for similar patterns to what I always post in seminar examples as well as tonights

[Jan 31, 2010 6:09:02 PM PST] InvestorsLive that’s about the extend of it

[Jan 31, 2010 6:09:05 PM PST] InvestorsLive extent

[Jan 31, 2010 6:09:56 PM PST] kbrackelman Okay, I’m in BEDA as of right now, what is your opinion as to how long I should hold? I’m hearing a week.

[Jan 31, 2010 6:10:07 PM PST] InvestorsLive hearing?

[Jan 31, 2010 6:10:40 PM PST] Muddy i do at least 15 qboxes at a time, many have not much action so not big deal to watch that many for me

[Jan 31, 2010 6:10:50 PM PST] kbrackelman A lot of opinions get thrown around on various sites and boards

[Jan 31, 2010 6:11:15 PM PST] InvestorsLive don’t be a sheep kbrackelman – that’s where I started too and then lost it all, don’t read boards to make ur judgement

[Jan 31, 2010 6:11:29 PM PST] InvestorsLive bbstock tho is great in the sub penny chat

[Jan 31, 2010 6:11:31 PM PST] InvestorsLive in fact

[Jan 31, 2010 6:11:49 PM PST] InvestorsLive he probably would link to an annotated chart as to where a buy/sell point potentially would be

[Jan 31, 2010 6:11:54 PM PST] InvestorsLive he’s been a great help for a lot of traders

[Jan 31, 2010 6:12:38 PM PST] InvestorsLive but don’t do the board thing.. I started there when I first started and pissed away all my $5k that I started with and then again and again and again until I finally learned hey wait a minute people on board maybe paid????

[Jan 31, 2010 6:14:01 PM PST] BAs3ball agreed-no sheeps. Been there. Not fun

[Jan 31, 2010 6:14:05 PM PST] InvestorsLive 🙂

[Jan 31, 2010 6:14:19 PM PST] smccl must say you guys saved me from being one

[Jan 31, 2010 6:14:23 PM PST] kbrackelman I’ve been paying attention to Pedro, and he seems to know what he’s doing

[Jan 31, 2010 6:14:27 PM PST] smccl i had just started to lose following PSC

[Jan 31, 2010 6:14:43 PM PST] smccl then found this room.. thanks..

[Jan 31, 2010 6:14:45 PM PST] BAs3ball always take your profits,

[Jan 31, 2010 6:15:03 PM PST] TheFranchise Yeah i have read shannons book, very basic, good for starters

[Jan 31, 2010 6:15:04 PM PST] BAs3ball and cut your loses quickly

[Jan 31, 2010 6:16:11 PM PST] TheFranchise Any of you guys members at HSM?