Questions for Seminar on Sunday the 13th

by | Feb 11, 2011

Please post any and all questions for the seminar in the comment section below.

Please don’t forget – you can view all seminars – my suggestions are the Thee Favorite set ups .. and OTC seminars (most recent) they are both power point presentations

13 Comments

  1. When GWAY was bouncing off bottom, were they trying to squeeze shorts at that point? Trying to understand what the end game is for the promoters or whoever is controlling the price action.

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  2. 1. This question is play specific, on 2/10 CPSL was on scan for a long after a pull then r/g. The stock did just that and I took it for a long @ 2.17. It kinda stalled there for 15m or so, hit a high of 2.19 but didnt rip. You posted a little while after that youd like it for a long later on r/g. I ended up taking a loss when it didnt hold 2.10. My question is where should my stop of been on that play? When it didnt rip at r/g? I ad plenty of time to let it go at 2.15 but just wasnt sure where my stop should of been.

    2. When there is a swing on scan you always say “swing on dips”. My question is what kind of dip should we be looking for? 1%,2%, etc? Just to give an example DLKM from fridays scan. Where would you of looked for entry on that friday?

    3. Looking for some tips on how to play the first 15 mins or so. I see it happens a lot a stock rips out of open huge, how do you play that? Chase it? Wait to see if it pulls? wait for it to cross a whole number? Seems like I just sit a watch a stock rip all too often and dont take advantage of it. How do you decide on a stop for it?

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  3. Kinda of the same cosmo is asking. When you say wdco or whatever mm at the time is supporting it, How do the promoters do that. Are they actually buying hundreds of thousands of shares if not millions to support the bid? Or are the MM’s themselves buying the shares up because they are aware of the promotion

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  4. My questions are related to Gap plays.
    1. How do you determine your entry point in a stocks that gaps up? Specially if you are watching multiple of them.
    2. If you are playing multiple stocks at once, do you usually take your profits around the 10 O’clock reversal or just place a stop at their entry points and let them run?
    3. If you entered into a stock and it was a gap and go and finished the day very strong would you exist the play at the end of the day. Or carry it forward to the next day?
    4. In regard to controling the risk factor. Do you recommend placing a mental stop-loss or a hard stop-loss? And if it is the later what do you think of trailing stops?
    5. I have heard over and over to hide the P/L while an individual is trading. Can you kindly elaborate further on that statement.

    Sorry for the multiple questions. you can answer all of them if you can or pick and choose which ones you deem to be important. Thank you very much in advance.

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  5. Sometimes its hard to keep an eye on chat all the time and we might miss an entry or exit Is there anyway to differentiate your exits entries with a different color typing? Just asking.

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    • We’ll end up having a rainbow in the chat room, unfortunately if you can’t be in chat … you’ll just miss the alerts – we each have a color as is … I think adding more will only add confusion. Additionally the chat room is about speed, taking the alert from my desktop, taking the trade, having a plan and sharing that idea as quickly as I can to the chat room is what my goal is, doing a whole bunch of colors ahead of time I don’t think is a viable option.

      Most times rather than a specific trade entry/exit (unless it’s liquid) I’ve already stated what I want for the trade – therefore I’d watch for things to pan out as my suggestions or others suggest – and set your “alerts” on the chart so you’ll see what I see as it happens – that way you can “hear” it if you set your software to alert you.

      Reply
  6. My question is what is the fastest and best way for a newbie to learn how to trade. I understand that we have on the job training with IL ,Muddy and Laura in the room but I was wondering since IL has such a unique trading strategy that seems to work real well. How did you learn to trade IL did you read or study any material that you can suggest? I try to follow you in chat all the time reading all you have to say but at times its hard for me to understand how you see things the way you do(i guess its ue to my novice trading). Thanks and thanks to all the moderators for a great Job.

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  7. On Feb 1 for ECTE you said very nice 1min gearing/perking setup memorize this stuff. Do you mean the 1 min chart for that day only? Or 1min chart from Jan 26 to Feb 1 when is was consolidating?

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  8. Can you touch on how to keep a good balance between over trading and trading nothing at all after a tough loss, or even a great gain. Thanks

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  9. can you take us what’s going on your head with GLER on Feb. 11

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