Seminar on Sunday night 8PM EST the 26th of February – review this seminar before HERE
We’ve gotta talk about a few things I see happening AGAIN after you guys say you get it….
1. People take stocks over night in OTC land for gappers, they gap and they rip the first 5 minutes and then they crack …. and go red… and you hold? Guys these are gappers if you are unfamiliar with how to play gap plays than do NOT play them and brush up on the OTC Gapper seminar – I can discuss it on Sunday. It’s scary to me to see members say “I’m still in what should I do” especially when I spell things out the night before the open as well as on scan … Again just stating things I see and I am trying to help but unfortunately sometimes it takes getting bent over to open your eyes.
2. I make mistakes, I got bagged on ATRN I was starting to accumulate on the drops and turned what I was going to flip into a hold and broke my plan to hold a core while I trade around it – instead I stopped trading around it which was the point at which I started screwing myself. Fact is, if I wasn’t in it I woulda never been as bullish as I made myself believe. I really think it built a market up higher and I really do think it rebounds but I think I just screwed myself with a bad average. What I want to talk about here is – I can withstand hits, every now and then I take them …. but people PM me and I mention in chat and want to know if I am still holding because if I am they are too …. guys I cannot say this enough – HAVE A PLAN stick with it, if you planned to stop out for $100 or $200 or $500 loss STICK TO IT. Do not just feel comfortable because someone else is holding, Drives me nuts when people ask me and then say “well I’ll just sit on it and average down” arggggggggggggh guys, if you want to be successful you gotta be here Sunday
3. I’ve covered this before and it’s getting really sad to see people still not taking it seriously. If I get into a position as a feeler or starter position and state possible upside to X and you guys jump in on the initial trade w/ full size or no game plan and get stopped out for .50 cents when 1/4 size = $1.50-2 wide range stop …. fuck sake … don’t take the trade if you don’t take what I say in the chat room seriously. I warn on stocks all the time on purpose I see the traps, I see where I AM GOING WRONG, like ATRN … How many times did I say stay away show the range if it DOESN’T BREAK THIS be careful etc – I do this for a reason – again like I said above unfortunately it takes losing to open your eyes sometimes, even me.
4. It’s OK to change your mind, you may nail a short but it starts consolidating, TAKE SOME OFF …. don’t just hold pay yourself – THLD perfect example on Wednesday I will cover
Now, I’ve been burnt out for a long while the days on scan that I say there are no optimal set ups I should be doing house keeping on the site or working on the DVD and the only reason I am around is because I don’t want to miss pennypic/crazypenny play
We have a ton of new members – this isn’t me trying to get you to stay past the trial BUT SERIOUSLY spend some time, take it seriously ASK ME QUESTIONS after taking the time to review what we do – I’m here to help my goal is to make you money and make you understand how we do it and how to make money consistently
The flat truth about this business is the following:
Yes unlike most websites I’m truthful and actually have losses, and post all my trades except 2 accounts one that I flip all day when I’m bored OTCs and my Capstone account – but I always and will always upload my Speed, TOS(Which is really AB Watley) and Broad Street and IB.
I don’t make money of you during the trial, my goal isn’t to make $100 bucks off you and then have you leave – my goal and help me make that goal is to make you a life time subscriber that’s my business model that’s how we’ve built – I’m not a quantity guy I am a quality guy ….
It takes a team, if you put no work in I can’t help you. Sure I can answer questions but it’s like taking a test w/o reviewing the text book. Sure, I did that in college crammed the night before and remembers what I needed to know for 5 hours but after that it’s gone. Study guys, focus on what I am providing. You don’t realize (the new members) what you’re actually surrounded with in chat. We have a lot of market makers, full time traders, hedge fund peeps and so on and so forth just hangin’ out because its real time alerts on stocks that are moving. They don’t subscribe for me, Muddy, Laura or anyone else they subscribe for the eyes. The know they can come here and have a real time human scanner of stocks on the move and real time events and actionable alerts. Eventually you’ll be in the same boat but first you all need to get there.
I get ask questions in chat like today for example “Are you in ATRN” .. I don’t get it … Makes me nuts sometimes and write long post like this … HELLO? What did scan say, what did all my comments today, tweets etc say? where or where have you been … Guys come to the chat prepared. Help me help you guys comon!
Not a rant because of cancels, it’s a WOW we’ve had a new high in chat yesterday with 324 people and maybe 4 cancels in the past month. It means we’re doing things right but m
Trades this week – good or bad? What stocks do you want me to cover?
What do you need extra help with?
What trade didn’t make sense?
Need examples of things? If so … what?
Post questions in the comment section below for Sunday and I will help and as always read this FIRST
Was wondering I have been here a couple of weeks and came from another site more commercialized and I left due to that. Will you turn this into a commercialized site and disappear once the room gets like 400 members or will you always be here? Will you be here for us even if the room gets massive or will you block yourself due to the size of the room at a large quantity? Just thinking out-loud.
Yes I am going to commercialize it and screw all members and sell out to Lebed for $2 million as soon as today.
I was also very worried that will be like commercilized.
More or less than using an alias when replying? I can see who you are from back end, why use an alias, why not just be you?
Alias is just for other users not for you! I know you know who I am. I just love the chat and think its the greatest and would like it to stay this way. Nothing more than that!
See, you spend your time worrying about the wrong things … What does seminar prep say?
I’m not just busting your balls but if you read what I wrote above, would you ask the same question had you read it?
no you are correct 😉
Here I’ll break it down for you side you’re a commercialized skimmer 😉
“I don’t make money of you during the trial, my goal isn’t to make $100 bucks off you and then have you leave – my goal and help me make that goal is to make you a life time subscriber that’s my business model that’s how we’ve built – I’m not a quantity guy I am a quality guy ….”
Why not worry about using real name and worry about good trading than what I will do with the website that I built with Muddy and L …. and have ran for the same way for the past 3 years? …. Let’s put first things first 😉
sometimes i see you say they are trapping shorts? Whose they and is this a setup they do as a plan?
[Feb 23, 2012 3:32:28 PM EST] InvestorsLive NITE holding orders fwiw on AWSR
[Feb 23, 2012 3:32:35 PM EST] Miltona 1.50′s push here we come
[Feb 23, 2012 3:32:38 PM EST] InvestorsLive all out +$2500 cuz he held order
[Feb 23, 2012 3:32:43 PM EST] bbstock out FFN for a few pennies no go
[Feb 23, 2012 3:33:05 PM EST] AlexL yep, almost 20 second hold
[Feb 23, 2012 3:35:49 PM EST] tradernyc LEAP near days highs
[Feb 23, 2012 3:36:10 PM EST] Rock yes NITE wont let you cancel AWSR and holds your orders so watrch out
This might be a stupid question but what does “hold your orders” mean and why do they do that? Also, what does that tell you?
you lose your shirt this week on Sears can you explain why? Why you no stick to your plans? Will be good lesson for us.
I recently got ripped a new one by BRY on a s/s. Pure sheep maneuver by me as I followed an alert in chat without really analyzing the trade. Plan was to risk $250. It ripped immediately against me right thru my risk limit and I stupidly said to myself next apparent top/consolidation I will add to my position (never add to a losing trade is another rule that went out the window) and attempt to get out safely. Well, I did add and it continued to rip against me and I lost $775 before I finally cut the trade. So, it will be helpful indeed.
Because I stretched my loss b/c I was up $7500 to start the day
Friday ATRN gapped up and i couldnt sell at the open untill it reverse,i dont understand if it was because i have IB that has only ARCA route for otc , and if so using an other broker with NITE and level 2 would have been different or just because no buyers?
Where i can find more info on how you use level 2 quotes?
Please review how you buy into a washout. AWSR on Friday is one otc example of where you nailed it. Also, if a non otc is death dropping, when do you decide to buy? Thanks
By “non-OTC” do you mean Nasdaq?
Along the same line as Robyn can you explain what you saw on L2 for AWSR ? I am trying to follow that trade.
I think you said “bubble bath” at one point when talking about a stock, um what was that? lol
You also mentioned building smaller accounts in a previous seminar. If you were in that account building phase would you simply stick to the AwesomePenny type promos and watch and learn the rest for now? Seems most of the time risk/reward is best on those plays. Even a bad entry can be made up because the promo group runs it. This a fair assessment?