[Jan 23, 2011 8:00:30 PM EST] InvestorsLive Good Evening guys
[Jan 23, 2011 8:00:36 PM EST] InvestorsLive small crew tonight only 54
[Jan 23, 2011 8:00:48 PM EST] InvestorsLive yea Xtrader
[Jan 23, 2011 8:00:52 PM EST] InvestorsLive how many guys awake for this?
[Jan 23, 2011 8:00:59 PM EST] InvestorsLive show of hands?
[Jan 23, 2011 8:01:01 PM EST] InvestorsLive ha
[Jan 23, 2011 8:01:04 PM EST] Jcompo hi
[Jan 23, 2011 8:01:06 PM EST] verybored Hollaaa
[Jan 23, 2011 8:01:08 PM EST] bb3pt y
[Jan 23, 2011 8:01:15 PM EST] abulloch Here!
[Jan 23, 2011 8:01:16 PM EST] keypal hi
[Jan 23, 2011 8:01:17 PM EST] phatboyz y
[Jan 23, 2011 8:01:23 PM EST] InvestorsLive cool 🙂 lotta new faces
[Jan 23, 2011 8:01:34 PM EST] InvestorsLive appreciate you guys taking the time to come – it will help you get up to speed on how we trade
[Jan 23, 2011 8:01:46 PM EST] InvestorsLive our usual format is I’ll go over the questions that were sent in
[Jan 23, 2011 8:01:49 PM EST] InvestorsLive on the page I requested
[Jan 23, 2011 8:01:49 PM EST] Yelis63103 i am still awake for a bit
[Jan 23, 2011 8:01:52 PM EST] InvestorsLive we’ll stay on topic
[Jan 23, 2011 8:01:56 PM EST] InvestorsLive for each question
[Jan 23, 2011 8:02:01 PM EST] spazztrader here
[Jan 23, 2011 8:02:02 PM EST] InvestorsLive I’ll ask if any at the end of question question
[Jan 23, 2011 8:02:06 PM EST] InvestorsLive and then open it up
[Jan 23, 2011 8:02:44 PM EST] InvestorsLive One I will knock out right away and then get to some charts is one we get all the time – so I’ll just point you to where to go and get right into FUQI HDY etc
[Jan 23, 2011 8:02:50 PM EST] InvestorsLive QUESTION: Any specific indicators, time frames are used for intraday trades?
[Jan 23, 2011 8:03:05 PM EST] InvestorsLive The same place I asked for questions: http://www.investorsunderground.com/2011/01/20/seminar-topics-for-jan-23rd-seminar-8pm
[Jan 23, 2011 8:03:17 PM EST] InvestorsLive had 2 links to powerpoints – shows some charts and exactly what I use
[Jan 23, 2011 8:03:23 PM EST] InvestorsLive the short answer is 1 min charts intraday for me
[Jan 23, 2011 8:03:32 PM EST] InvestorsLive and daily 3-6 month charts to review the ‘big idea’ ‘big picture’
[Jan 23, 2011 8:03:51 PM EST] InvestorsLive QUESTION: ) FUQI on 1/20: This one was not on your scans, it had 3 down days and it opened red. Is it that r/g you liked? How you are able to spot such r/g plays? What is your strategy if it was a fake bounce?
[Jan 23, 2011 8:04:06 PM EST] InvestorsLive That’s right it wasn’t on scans but I saw it on the HOD list and remembered it in my head as being beat.. and a quick glance at the 3 or 6 month chart it’s obvious that it’s a beat down play. Much like I’ve gone over in the prior power points and even on the interview on Trader Interviews
[Jan 23, 2011 8:04:12 PM EST] InvestorsLive – I watch for the washout or the reverse parabolic – sometimes it’s easier for you guys to understand a parabolic/squeeze that I like to short into – it’s just the opposite on the downside that I like to snag a starter into – if it re-test and holds higher lows – we’re good.
[Jan 23, 2011 8:04:42 PM EST] InvestorsLive When I say big picture – what I am looking for – I think if you see FUQI on the HOD list – green .. you all remember it…
[Jan 23, 2011 8:04:48 PM EST] InvestorsLive but you consult the 6 month chart
[Jan 23, 2011 8:04:49 PM EST] InvestorsLive http://img577.imageshack.us/img577/381/fuqi.png
[Jan 23, 2011 8:05:10 PM EST] InvestorsLive does the ‘bounce’ idea and risk vs. reward on first green test and green hold day make sense?
[Jan 23, 2011 8:05:36 PM EST] InvestorsLive I’ll show these 2 examples with FUQI and HDY but then – then a fail on SGMO
[Jan 23, 2011 8:05:41 PM EST] InvestorsLive just FYI so you know what’s coming
[Jan 23, 2011 8:05:44 PM EST] Xtraderr yeah but what would have been your stop if for instance HDY kept tanking
[Jan 23, 2011 8:05:51 PM EST] Xtraderr from friday play
[Jan 23, 2011 8:06:05 PM EST] InvestorsLive we’ll get to that next when I go over HDY
[Jan 23, 2011 8:06:14 PM EST] InvestorsLive http://img717.imageshack.us/img717/5053/fuqi1.png
[Jan 23, 2011 8:06:19 PM EST] InvestorsLive Here is FUQI bounce
[Jan 23, 2011 8:06:36 PM EST] InvestorsLive just by a click glimpse at the 6 month chart
[Jan 23, 2011 8:06:43 PM EST] InvestorsLive you can see what type of technical level is attractive
[Jan 23, 2011 8:07:18 PM EST] InvestorsLive Any questions on FUQI
[Jan 23, 2011 8:07:29 PM EST] InvestorsLive stockmike?
[Jan 23, 2011 8:07:32 PM EST] InvestorsLive that was urs
[Jan 23, 2011 8:07:47 PM EST] InvestorsLive The second part was “Seems like you added 2.5k to your starter right away. Is it that “gradual increase in 1min vol” you liked?”
[Jan 23, 2011 8:07:50 PM EST] stockmike thx Nate, got it
[Jan 23, 2011 8:07:54 PM EST] InvestorsLive Volume was part of it but it was the trend… it held a higher low and was re-testing highs. I was up a bit on it so now I can average up and move a mental stop up as it heads higher.
[Jan 23, 2011 8:08:13 PM EST] InvestorsLive it’s the trade – beat chart .. due for a bounce so when I was up immediately after it had a nice pop
[Jan 23, 2011 8:08:19 PM EST] InvestorsLive and held – I used some unrealzied gains
[Jan 23, 2011 8:08:21 PM EST] InvestorsLive as a buffer
[Jan 23, 2011 8:08:23 PM EST] InvestorsLive and added in
[Jan 23, 2011 8:08:53 PM EST] InvestorsLive because it doesn’t take much shares on these – but I never want to go in full size until I’m up and have a padding
[Jan 23, 2011 8:08:58 PM EST] InvestorsLive like HDY the next example
[Jan 23, 2011 8:09:03 PM EST] InvestorsLive just started in
[Jan 23, 2011 8:09:11 PM EST] InvestorsLive QUESTION: HDY on 1/21: It had 3 down days and it was on your scan. You took 1/3rd at 9:32am on a big 56.8K 1min red candle (which was 3rd red 1min candle and no green candles at that time)
[Jan 23, 2011 8:09:27 PM EST] InvestorsLive So the question from before – let’s say you’re looking at chart
[Jan 23, 2011 8:09:29 PM EST] InvestorsLive http://img824.imageshack.us/img824/6537/hdy1.png
[Jan 23, 2011 8:09:48 PM EST] InvestorsLive and you’re in 4.90 – and you’re at 1/3 size
[Jan 23, 2011 8:10:02 PM EST] InvestorsLive so whatever you’re normal size may be… you figure maybe .20-.30 cents against you
[Jan 23, 2011 8:10:32 PM EST] InvestorsLive HDY isn’t a stock that is going to drop $.75-1.00/share imo after it falls $4
[Jan 23, 2011 8:10:34 PM EST] InvestorsLive over the prior few days
[Jan 23, 2011 8:10:41 PM EST] InvestorsLive it COULD but … it’s about risk vs. reward
[Jan 23, 2011 8:10:52 PM EST] InvestorsLive you’ll see similiar pattern on chart
[Jan 23, 2011 8:11:01 PM EST] InvestorsLive I Started in on the red panic as I stated to watch for pre market
[Jan 23, 2011 8:11:10 PM EST] MilesJStoner educated entry decision
[Jan 23, 2011 8:11:29 PM EST] InvestorsLive QUESTION: Is “3 down days” a key here? Did you add your 2/3rd a few cents before the r/g at 9:35:47?
[Jan 23, 2011 8:11:43 PM EST] InvestorsLive no there’s no “2.. 3… 4… days down” rule
[Jan 23, 2011 8:11:45 PM EST] InvestorsLive that I follow anyway
[Jan 23, 2011 8:11:48 PM EST] InvestorsLive it’s all about price action
[Jan 23, 2011 8:12:06 PM EST] InvestorsLive I am on the lookout whether I’m playing OTC … Nasdaq … long or short
[Jan 23, 2011 8:12:15 PM EST] InvestorsLive for what?
[Jan 23, 2011 8:12:17 PM EST] InvestorsLive the inch….
[Jan 23, 2011 8:12:20 PM EST] InvestorsLive inch…..
[Jan 23, 2011 8:12:21 PM EST] InvestorsLive breakout
[Jan 23, 2011 8:12:55 PM EST] InvestorsLive lots of people can understand gearing/inch inch breakout better
[Jan 23, 2011 8:13:09 PM EST] InvestorsLive but just as I suggest to sell into the breaakout part once it speeds up
[Jan 23, 2011 8:13:19 PM EST] InvestorsLive take the opposite of that on the downside
[Jan 23, 2011 8:13:30 PM EST] InvestorsLive much like I’d cover into panic or potentially take a long
[Jan 23, 2011 8:13:32 PM EST] InvestorsLive same concept
[Jan 23, 2011 8:13:44 PM EST] MilesJStoner so buy into the breakdown once it slows
[Jan 23, 2011 8:13:59 PM EST] InvestorsLive yes and no
[Jan 23, 2011 8:14:03 PM EST] MilesJStoner ?
[Jan 23, 2011 8:14:04 PM EST] InvestorsLive HDY was game plan
[Jan 23, 2011 8:14:07 PM EST] InvestorsLive but
[Jan 23, 2011 8:14:11 PM EST] InvestorsLive I’ll show with SGMO
[Jan 23, 2011 8:14:17 PM EST] InvestorsLive breakdown once it slows
[Jan 23, 2011 8:14:18 PM EST] InvestorsLive and perk off it
[Jan 23, 2011 8:14:33 PM EST] InvestorsLive but … HDY and other charts like that is about risk vs. reward
[Jan 23, 2011 8:14:47 PM EST] InvestorsLive down $4 in a day.. I’ll take the panic any day
[Jan 23, 2011 8:14:53 PM EST] InvestorsLive as it prob knocks out some stops and reverses
[Jan 23, 2011 8:14:58 PM EST] InvestorsLive I put myself on the other side of the trade
[Jan 23, 2011 8:15:05 PM EST] InvestorsLive so SGMO
[Jan 23, 2011 8:15:17 PM EST] InvestorsLive merging with the 2nd half of that question
[Jan 23, 2011 8:15:26 PM EST] InvestorsLive “Strategy on fake bounce” is like SGMO on Friday
[Jan 23, 2011 8:15:29 PM EST] InvestorsLive what if it fails etc?
[Jan 23, 2011 8:15:40 PM EST] InvestorsLive http://img4.imageshack.us/img4/6541/sgmo.png
[Jan 23, 2011 8:15:51 PM EST] InvestorsLive so again – same chart we’ve been looking at but technically I should be a bit more patience
[Jan 23, 2011 8:15:54 PM EST] InvestorsLive compare SGMO to HDY
[Jan 23, 2011 8:16:03 PM EST] InvestorsLive HDY you can see it went right back to the support level
[Jan 23, 2011 8:16:11 PM EST] InvestorsLive where it was consolidating Dec -Jan
[Jan 23, 2011 8:16:15 PM EST] InvestorsLive hovering around $5
[Jan 23, 2011 8:16:26 PM EST] InvestorsLive SGMO had been consolidating around $7
[Jan 23, 2011 8:16:33 PM EST] InvestorsLive so technically I should have been a bit more patience
[Jan 23, 2011 8:16:37 PM EST] InvestorsLive but let’s check it out
[Jan 23, 2011 8:16:41 PM EST] InvestorsLive http://img841.imageshack.us/img841/9407/sgmo1.png
[Jan 23, 2011 8:17:22 PM EST] InvestorsLive speaking of what Miles was just asking
[Jan 23, 2011 8:17:28 PM EST] InvestorsLive wait for it to “slow”
[Jan 23, 2011 8:17:42 PM EST] InvestorsLive sometimes with the slow/steady fades .. its best not to try to guess where it bottoms
[Jan 23, 2011 8:17:48 PM EST] InvestorsLive and let it reverse by itself
[Jan 23, 2011 8:17:58 PM EST] InvestorsLive let it re-test lows
[Jan 23, 2011 8:18:04 PM EST] InvestorsLive and prove that it’s on a reversal
[Jan 23, 2011 8:18:15 PM EST] InvestorsLive good thing there is – now you have a stop in place
[Jan 23, 2011 8:18:30 PM EST] InvestorsLive at lows – or if it starts to consolidate – a stop if it breaks support
[Jan 23, 2011 8:18:35 PM EST] InvestorsLive as we go over all the time
[Jan 23, 2011 8:18:43 PM EST] InvestorsLive so the line that goes across is $7.45 area
[Jan 23, 2011 8:18:45 PM EST] InvestorsLive which is red/green
[Jan 23, 2011 8:18:48 PM EST] MilesJStoner great advice right there yawl, write down
[Jan 23, 2011 8:19:02 PM EST] InvestorsLive A is the red/green line
[Jan 23, 2011 8:19:15 PM EST] InvestorsLive B you can see did a dip .. then like I spelled out in chat Friday
[Jan 23, 2011 8:19:21 PM EST] InvestorsLive let it re-test and prove it’s base
[Jan 23, 2011 8:19:46 PM EST] InvestorsLive and yea.. shoulda coulda woulda taken some off but I was giving it a chance
[Jan 23, 2011 8:19:58 PM EST] InvestorsLive so no reason for me to sell cuz my stop was LOD
[Jan 23, 2011 8:20:03 PM EST] InvestorsLive BUT
[Jan 23, 2011 8:20:11 PM EST] InvestorsLive on C – see the consolidation channel
[Jan 23, 2011 8:20:18 PM EST] InvestorsLive 7.40 to 7.50 just about
[Jan 23, 2011 8:20:26 PM EST] InvestorsLive sideways price action – something I always discuss
[Jan 23, 2011 8:20:47 PM EST] InvestorsLive it busted under the lower level of the channel so I took the loss
[Jan 23, 2011 8:21:05 PM EST] InvestorsLive C = top of channel
[Jan 23, 2011 8:21:08 PM EST] InvestorsLive D = bottom of channel
[Jan 23, 2011 8:21:19 PM EST] InvestorsLive make snese
[Jan 23, 2011 8:21:20 PM EST] InvestorsLive sense
[Jan 23, 2011 8:21:23 PM EST] InvestorsLive questions? comments
[Jan 23, 2011 8:21:32 PM EST] InvestorsLive regarding SGMO HDY FUQI
[Jan 23, 2011 8:21:39 PM EST] Tommy123 all good
[Jan 23, 2011 8:21:44 PM EST] spazztrader thx
[Jan 23, 2011 8:21:51 PM EST] stockmike Did you play full size as starter on SGMO ?
[Jan 23, 2011 8:22:27 PM EST] spazztrader that slotted line prior days close?
[Jan 23, 2011 8:22:40 PM EST] bb3pt would you say the best entry for SGMO play is the break of consolidation? and stop will be LOD
[Jan 23, 2011 8:22:50 PM EST] InvestorsLive no stockmike
[Jan 23, 2011 8:22:54 PM EST] orvpr did watch VIX or ES for the price action as well?
[Jan 23, 2011 8:22:57 PM EST] InvestorsLive I said in chat starter – then I added
[Jan 23, 2011 8:23:00 PM EST] InvestorsLive therefore turned into a loss
[Jan 23, 2011 8:23:02 PM EST] InvestorsLive cuz avg’d up
[Jan 23, 2011 8:23:16 PM EST] stockmike ok
[Jan 23, 2011 8:23:28 PM EST] InvestorsLive spazz – (Jan 23-20:19) InvestorsLive: A is the red/green line
[Jan 23, 2011 8:23:53 PM EST] InvestorsLive bb3pt – the best entry for SGMO
[Jan 23, 2011 8:23:55 PM EST] InvestorsLive I just went over it
[Jan 23, 2011 8:23:57 PM EST] InvestorsLive the play I did
[Jan 23, 2011 8:23:57 PM EST] verybored So in this chart, where would you have made an entry even though it was a fakeout? Near line (A)?
[Jan 23, 2011 8:24:15 PM EST] spazztrader yes I read all the solid green lines just wondering if the slotted line at bottom of the chart as a prior days close line
[Jan 23, 2011 8:24:33 PM EST] InvestorsLive orvpr – no reason right now to watch VIX and ES there is so much moving – and these momo trades pay no attention to it
[Jan 23, 2011 8:25:09 PM EST] InvestorsLive verybored – I made entry 7.50
[Jan 23, 2011 8:25:15 PM EST] InvestorsLive as I said in chat “chased a bit 7.50”
[Jan 23, 2011 8:25:25 PM EST] InvestorsLive I knew it was a reach but given the near red/green test
[Jan 23, 2011 8:25:30 PM EST] InvestorsLive and last 2-3 days being beat
[Jan 23, 2011 8:25:32 PM EST] phatboyz when you set up the trade as u planned what is your sell target?
[Jan 23, 2011 8:25:33 PM EST] InvestorsLive I liked risk vs. reward
[Jan 23, 2011 8:25:58 PM EST] InvestorsLive spazz – technically yes slotted line is prior days close
[Jan 23, 2011 8:26:00 PM EST] orvpr do u use any other time frames beside 1min ?
[Jan 23, 2011 8:26:05 PM EST] spazztrader ok thx
[Jan 23, 2011 8:26:07 PM EST] InvestorsLive but this example is from Friday therefore the close is from Friday
[Jan 23, 2011 8:26:10 PM EST] InvestorsLive not Thursday
[Jan 23, 2011 8:26:15 PM EST] spazztrader ok
[Jan 23, 2011 8:26:16 PM EST] InvestorsLive so again… A = red/green line
[Jan 23, 2011 8:26:22 PM EST] InvestorsLive if I had screen captured
[Jan 23, 2011 8:26:24 PM EST] InvestorsLive on Thurs
[Jan 23, 2011 8:26:29 PM EST] InvestorsLive the dotted line would be at 7.45
[Jan 23, 2011 8:26:41 PM EST] spazztrader ah ok thx
[Jan 23, 2011 8:26:51 PM EST] InvestorsLive phatboyz – I don’t have a sell targets when I go in… if it starts to rip on red/green
[Jan 23, 2011 8:26:55 PM EST] InvestorsLive then I’ll take some off
[Jan 23, 2011 8:27:00 PM EST] InvestorsLive just as you saw with FUQI and HDY
[Jan 23, 2011 8:27:01 PM EST] InvestorsLive same strategy
[Jan 23, 2011 8:27:02 PM EST] InvestorsLive always
[Jan 23, 2011 8:27:17 PM EST] verybored Okay I GET it! I think 🙂
[Jan 23, 2011 8:27:58 PM EST] InvestorsLive QUESTION: When you red/green, do you mean it went from a red candle to a green? If so, are you looking at a 1minute chart?
[Jan 23, 2011 8:28:02 PM EST] InvestorsLive no
[Jan 23, 2011 8:28:04 PM EST] InvestorsLive red to green on the day
[Jan 23, 2011 8:28:08 PM EST] InvestorsLive if prior close = $4.00
[Jan 23, 2011 8:28:10 PM EST] InvestorsLive $3.99 = red
[Jan 23, 2011 8:28:13 PM EST] InvestorsLive $4.01 = green
[Jan 23, 2011 8:28:16 PM EST] Xtraderr lol that question
[Jan 23, 2011 8:28:22 PM EST] InvestorsLive most simple way to answer it
[Jan 23, 2011 8:28:34 PM EST] Xtraderr people need to start using google more
[Jan 23, 2011 8:28:43 PM EST] InvestorsLive QUESTION: Which of the scanners listed at IU has the most consistent winning results?
[Jan 23, 2011 8:28:53 PM EST] InvestorsLive I don’t know – variety – there’s no wrong or right
[Jan 23, 2011 8:28:58 PM EST] InvestorsLive OTCs could be great one day and slow the next
[Jan 23, 2011 8:29:10 PM EST] InvestorsLive shorts could be great on the down markey day but squeeze the next
[Jan 23, 2011 8:29:32 PM EST] InvestorsLive QUESTION: When you say a parabolic move do you mean you want to see a full u-shaped parabola? or are you still calling it parabolic when only one side of the u is present and the other side is very short, or even nearly non-existent?
[Jan 23, 2011 8:29:40 PM EST] InvestorsLive All I refer to on a “parabolic” is
[Jan 23, 2011 8:29:46 PM EST] InvestorsLive an ‘inch inch to breakout mode’
[Jan 23, 2011 8:29:48 PM EST] InvestorsLive for example
[Jan 23, 2011 8:29:53 PM EST] InvestorsLive if its going … slow and steady
[Jan 23, 2011 8:30:01 PM EST] InvestorsLive and all of a sudden rips and takes off
[Jan 23, 2011 8:31:17 PM EST] InvestorsLive if its moving .05-.10 at a time here and there thru the 30 – 60 mintuse
[Jan 23, 2011 8:31:24 PM EST] InvestorsLive and starts moving .50-1.00 or soemthing like that
[Jan 23, 2011 8:31:41 PM EST] InvestorsLive LFVN a perfect example
[Jan 23, 2011 8:31:55 PM EST] InvestorsLive when it busted out from slowly inching
[Jan 23, 2011 8:32:02 PM EST] InvestorsLive to breaking out .10 in 10 minutes
[Jan 23, 2011 8:32:06 PM EST] InvestorsLive that’s a no brainer lock it in
[Jan 23, 2011 8:32:10 PM EST] InvestorsLive and I wrote that in chat
[Jan 23, 2011 8:32:52 PM EST] InvestorsLive Brokers – and stuff those questions – investimonials.com is a great resource
[Jan 23, 2011 8:33:00 PM EST] InvestorsLive to get opinions and what people think of it
[Jan 23, 2011 8:33:03 PM EST] InvestorsLive got 2 questions re: Brokers
[Jan 23, 2011 8:33:17 PM EST] InvestorsLive IB has a great shorts OK platform.. Speed I love platform, good borrows – great for OTCs
[Jan 23, 2011 8:34:09 PM EST] InvestorsLive QUESTION: Can you go over a little bit of what “gearing” looks like on a chart, just an uptrend?
[Jan 23, 2011 8:34:13 PM EST] InvestorsLive http://img256.imageshack.us/img256/921/aerl.png
[Jan 23, 2011 8:34:40 PM EST] InvestorsLive big mornnig and then started to base
[Jan 23, 2011 8:34:42 PM EST] InvestorsLive mid day
[Jan 23, 2011 8:34:48 PM EST] InvestorsLive sideways price action slowly gearing higher
[Jan 23, 2011 8:34:53 PM EST] spazztrader are these 1 min chart examples your using IL from speedtrader?
[Jan 23, 2011 8:34:54 PM EST] InvestorsLive and then perk at 11.75 break
[Jan 23, 2011 8:34:57 PM EST] InvestorsLive yes
[Jan 23, 2011 8:35:02 PM EST] spazztrader thx
[Jan 23, 2011 8:35:18 PM EST] Yelis63103 Can you explain your exit strategy again….like when the stock breaks and starts to move up, when do you exit ?
[Jan 23, 2011 8:35:52 PM EST] InvestorsLive first move in my favor I’ll take some off
[Jan 23, 2011 8:36:02 PM EST] InvestorsLive and then try to ride the rest
[Jan 23, 2011 8:36:13 PM EST] InvestorsLive I look for THE moves
[Jan 23, 2011 8:36:21 PM EST] InvestorsLive therefore I try to buy in anticipation of a break
[Jan 23, 2011 8:36:26 PM EST] InvestorsLive if it breaks and breaks out
[Jan 23, 2011 8:36:29 PM EST] InvestorsLive or speeds up
[Jan 23, 2011 8:36:30 PM EST] InvestorsLive I’ll lock some in
[Jan 23, 2011 8:37:30 PM EST] lorenzo2win what is the entry on this gearing – when has a stock geared enough
[Jan 23, 2011 8:38:11 PM EST] InvestorsLive like the powerpoint I had put out Thurs and Sat and in the newsletter today
[Jan 23, 2011 8:38:17 PM EST] InvestorsLive the further the point between A and B
[Jan 23, 2011 8:38:25 PM EST] InvestorsLive that graph I drew on the powerpoint day
[Jan 23, 2011 8:38:36 PM EST] InvestorsLive the more likely I’d buy and anticipate with volume
[Jan 23, 2011 8:38:38 PM EST] InvestorsLive near 11.75 break
[Jan 23, 2011 8:38:45 PM EST] InvestorsLive for HOD test and rip
[Jan 23, 2011 8:38:54 PM EST] InvestorsLive so be sure to review those 2 presentations – they were very good
[Jan 23, 2011 8:39:01 PM EST] InvestorsLive and will answer a lot of ur questions visually
[Jan 23, 2011 8:39:08 PM EST] InvestorsLive QUESTION: I know pretty much every setup in the book, but im still getting stopped out all the time, sometimes at LOD which makes me really mad, anything to say about stops? it doesnt make you very comfortable when a stock breaks lod and a big red candle comes, but usually it pops right back after your stopped out (talking about morning dip type plays here in this example)
[Jan 23, 2011 8:39:23 PM EST] InvestorsLive review the SGMO example – even tho a loser
[Jan 23, 2011 8:39:31 PM EST] InvestorsLive see how that was played
[Jan 23, 2011 8:39:39 PM EST] InvestorsLive let it tell you and re-test for you
[Jan 23, 2011 8:39:44 PM EST] InvestorsLive you don’t have to buy before it re-test
[Jan 23, 2011 8:39:54 PM EST] InvestorsLive I’d rather buy a little late if I know my risk/where it held support
[Jan 23, 2011 8:40:00 PM EST] InvestorsLive vs. trying to catch bottom on sideways price action
[Jan 23, 2011 8:40:12 PM EST] Tommy123 How about if u let it retest and it goes up on you and never retests so u missed the play no?
[Jan 23, 2011 8:40:19 PM EST] InvestorsLive the other thing here is if there’s no volume – forgettabout it until it does have volume
[Jan 23, 2011 8:40:33 PM EST] Tommy123 u answered befor i pressed enter thanks.
[Jan 23, 2011 8:40:35 PM EST] InvestorsLive sure – so u could chase a bit like I did on the SGMO example
[Jan 23, 2011 8:40:59 PM EST] InvestorsLive QUESTION: Most of the stocks that are gaining ground throughout the day are hot stocks that either opened green or popped green at some point (thus missing the r/g) do you have any comments on how to catch these things poping,inching, and gearing throughout the day after its already gone green?
[Jan 23, 2011 8:41:13 PM EST] InvestorsLive just like this AERL chart
[Jan 23, 2011 8:41:18 PM EST] InvestorsLive http://img256.imageshack.us/img256/921/aerl.png
[Jan 23, 2011 8:41:22 PM EST] InvestorsLive look for soemthing you’re familiar with
[Jan 23, 2011 8:41:40 PM EST] InvestorsLive look for a pull and look for it to give you a chart your familiar with
[Jan 23, 2011 8:41:49 PM EST] Laura also knowing former runners a big part of it
[Jan 23, 2011 8:41:52 PM EST] InvestorsLive yup
[Jan 23, 2011 8:42:10 PM EST] Laura if someone says HAUP huge news, I’ll just click BUY
[Jan 23, 2011 8:42:32 PM EST] Laura but if it’s something else mentioned in chat, I do a quick look at charts
[Jan 23, 2011 8:42:48 PM EST] Laura but knowing past behavior is incredible advantage
[Jan 23, 2011 8:43:32 PM EST] InvestorsLive The last question I had was regarding “When to hold over night” I rarely hold over night .. if I do it’s OTCs most cases.. otherwise only if I’m up on other stuff and it’s part of my plan going in
[Jan 23, 2011 8:43:41 PM EST] InvestorsLive I go into a trade and have a plan
[Jan 23, 2011 8:43:45 PM EST] InvestorsLive if it doesn’t work out .. I get out
[Jan 23, 2011 8:43:54 PM EST] InvestorsLive I don’t hold over night just because I’m “stuck”
[Jan 23, 2011 8:44:06 PM EST] InvestorsLive if the trade doesn’t work … and do what you thought – go to next
[Jan 23, 2011 8:44:14 PM EST] InvestorsLive I like holding big chart shorts if I’m up
[Jan 23, 2011 8:44:16 PM EST] InvestorsLive like Laura
[Jan 23, 2011 8:44:16 PM EST] Laura trite, but plan your trade, and trade your plan.
[Jan 23, 2011 8:44:27 PM EST] InvestorsLive but Laura going in may have a plan
[Jan 23, 2011 8:44:32 PM EST] InvestorsLive I’m gonna hold this POS to $0
[Jan 23, 2011 8:44:37 PM EST] InvestorsLive vs. someone like me who says
[Jan 23, 2011 8:44:45 PM EST] InvestorsLive I see the trade here.. going to short for breakdown
[Jan 23, 2011 8:44:48 PM EST] InvestorsLive and it doesn’t break down
[Jan 23, 2011 8:44:49 PM EST] Laura On some of them I just go all for nothing
[Jan 23, 2011 8:44:56 PM EST] InvestorsLive that’s not an over night for me… whereas it may be for her
[Jan 23, 2011 8:45:03 PM EST] InvestorsLive so it’s all about your plan
[Jan 23, 2011 8:45:05 PM EST] InvestorsLive going into it
[Jan 23, 2011 8:45:20 PM EST] Laura I’ll buy and look for big gain, if not, I’ll stop out at breakeven
[Jan 23, 2011 8:45:31 PM EST] InvestorsLive And last but not least – DIAAF .. stuff like that strong closes tend to gap up follow thru the next AM
[Jan 23, 2011 8:45:40 PM EST] InvestorsLive import part is not being greedy and taking profits near open
[Jan 23, 2011 8:45:42 PM EST] InvestorsLive you can always we buy
[Jan 23, 2011 8:45:53 PM EST] Laura weeee buy?
[Jan 23, 2011 8:46:02 PM EST] Yelis63103 So if the POP alert is issued here in chat, is it usually to late to get in ? Do I have to pay attension to “Daily Scans” in order to catch that POP before it actually pops ?
[Jan 23, 2011 8:46:25 PM EST] Laura Yelis, it’s good to look at the scans and charts
[Jan 23, 2011 8:46:41 PM EST] Laura PLEASE don’t buy blind
[Jan 23, 2011 8:46:43 PM EST] InvestorsLive Well pop – depends on chart
[Jan 23, 2011 8:46:55 PM EST] InvestorsLive if we’ve been seeing a stock dead beat for months
[Jan 23, 2011 8:46:59 PM EST] InvestorsLive and first day pop on big vol
[Jan 23, 2011 8:47:00 PM EST] InvestorsLive finalyl reversal
[Jan 23, 2011 8:47:17 PM EST] InvestorsLive I may jump in a lot quicker than if its a random stock
[Jan 23, 2011 8:47:19 PM EST] InvestorsLive and a random pop
[Jan 23, 2011 8:47:55 PM EST] Xtraderr yeah but alot of time they dont hold like PIP
[Jan 23, 2011 8:48:01 PM EST] Xtraderr that popped few times and nothing
[Jan 23, 2011 8:48:03 PM EST] Claupr Can I ask a question or you are only discussing question previously asked?
[Jan 23, 2011 8:48:06 PM EST] InvestorsLive well that’s PIP
[Jan 23, 2011 8:48:11 PM EST] InvestorsLive we know that …. and so do you
[Jan 23, 2011 8:48:15 PM EST] InvestorsLive so u know that you etiher catch it early
[Jan 23, 2011 8:48:18 PM EST] InvestorsLive and sell nito pop
[Jan 23, 2011 8:48:21 PM EST] InvestorsLive or you ignore it
[Jan 23, 2011 8:48:28 PM EST] Laura and that’s knowing the former behavior, PIP
[Jan 23, 2011 8:48:32 PM EST] InvestorsLive and that’s what former runners and knowing stuff is all about
[Jan 23, 2011 8:48:49 PM EST] Laura and you only get that from time trading
[Jan 23, 2011 8:48:53 PM EST] InvestorsLive Claupr – feel free – all questions on the seminar page were answered
[Jan 23, 2011 8:49:13 PM EST] InvestorsLive http://www.investorsunderground.com/2011/01/20/seminar-topics-for-jan-23rd-seminar-8pm/
[Jan 23, 2011 8:49:24 PM EST] Claupr How are you planning on playing CLDA….. Big decision only 25 million shares?
[Jan 23, 2011 8:49:36 PM EST] InvestorsLive big decision?
[Jan 23, 2011 8:49:38 PM EST] spazztrader So IL you pretty much just use a 1 min chart with a daily chart and level2and t&s per symbol?
[Jan 23, 2011 8:49:51 PM EST] Laura CLDA prolly no play now
[Jan 23, 2011 8:49:57 PM EST] Claupr ok
[Jan 23, 2011 8:50:07 PM EST] InvestorsLive I have no plan with CLDA
[Jan 23, 2011 8:50:11 PM EST] InvestorsLive look slike up 2.21 AHs
[Jan 23, 2011 8:50:15 PM EST] InvestorsLive so we see what it brings tomorrow
[Jan 23, 2011 8:50:20 PM EST] InvestorsLive rather than try to anticipate
[Jan 23, 2011 8:50:23 PM EST] InvestorsLive was only 4500 sahres
[Jan 23, 2011 8:50:30 PM EST] InvestorsLive spazz – right
[Jan 23, 2011 8:50:31 PM EST] Claupr no volume for the spike
[Jan 23, 2011 8:50:34 PM EST] spazztrader thx
[Jan 23, 2011 8:50:54 PM EST] Yelis63103 Here is another question. This one is actually from my buddy. How much do you invest in OTC penny or sub-penny stocks ? How much is it safe to invest ?
[Jan 23, 2011 8:51:10 PM EST] Xtraderr dude that all depends on ur bank roll
[Jan 23, 2011 8:51:19 PM EST] Xtraderr and risk tolerance
[Jan 23, 2011 8:51:50 PM EST] InvestorsLive That’s up to u Yelis
[Jan 23, 2011 8:51:58 PM EST] Yelis63103 Like would you spend $25-50K on some penny stock ?
[Jan 23, 2011 8:52:06 PM EST] InvestorsLive If you’re asking I’d suggest to play very tiny
[Jan 23, 2011 8:52:11 PM EST] InvestorsLive until you come up with a game plan on your own
[Jan 23, 2011 8:52:14 PM EST] InvestorsLive to be perfectly honest
[Jan 23, 2011 8:52:18 PM EST] InvestorsLive start slow with them
[Jan 23, 2011 8:52:19 PM EST] InvestorsLive get used to them
[Jan 23, 2011 8:52:32 PM EST] InvestorsLive there’s no set $ it’s not about being ‘safe’ or not
[Jan 23, 2011 8:52:34 PM EST] InvestorsLive we aren’t investors
[Jan 23, 2011 8:52:36 PM EST] InvestorsLive we play momentum
[Jan 23, 2011 8:52:38 PM EST] Laura every one is diff, but here’s what I do, I only invest $3-5 in real naz stocks
[Jan 23, 2011 8:52:39 PM EST] InvestorsLive and stocks wtih volume
[Jan 23, 2011 8:52:47 PM EST] InvestorsLive if I play $25-50k in an OTC
[Jan 23, 2011 8:52:54 PM EST] Laura so on the junk pennies, maybe only $500-1000
[Jan 23, 2011 8:52:54 PM EST] InvestorsLive it’s going to be trading millions or sahres and $$
[Jan 23, 2011 8:53:04 PM EST] InvestorsLive so it’s all relative
[Jan 23, 2011 8:53:09 PM EST] Laura I just don’t play big on otcs
[Jan 23, 2011 8:54:24 PM EST] Yelis63103 thanks….
[Jan 23, 2011 8:54:51 PM EST] InvestorsLive alright going to start on my scan
[Jan 23, 2011 8:54:58 PM EST] InvestorsLive http://bit.ly/gzgYD1
[Jan 23, 2011 8:55:17 PM EST] Tommy123 thanks! Go finish watching Jets game IL!
[Jan 23, 2011 8:55:17 PM EST] InvestorsLive good questions tonight guys
[Jan 23, 2011 8:55:49 PM EST] stockmike Thanks Nate, GN
[Jan 23, 2011 8:55:54 PM EST] phatboyz ty
[Jan 23, 2011 8:56:00 PM EST] bb3pt ty
[Jan 23, 2011 8:56:19 PM EST] Banta2000 As always, thanks so much !
[Jan 23, 2011 8:56:29 PM EST] InvestorsLive feel free to ask questions here and there – just going thru the scan now
[Jan 23, 2011 8:56:31 PM EST] InvestorsLive cherry pickin’
[Jan 23, 2011 8:56:57 PM EST] Jcompo thanks!
[Jan 23, 2011 8:56:57 PM EST] Tommy123 c u guys
[Jan 23, 2011 8:58:42 PM EST] stockmike nate, seminar log pls
[Jan 23, 2011 8:59:07 PM EST] InvestorsLive yes I’ll b posting
[Jan 23, 2011 9:00:09 PM EST] abulloch Nate, did you see hototc’s email promo’ing HRTE (again) on basis of the chart?
[Jan 23, 2011 9:00:34 PM EST] abulloch pushing it for a ‘big bounce’
[Jan 23, 2011 9:00:47 PM EST] abulloch chart looked to me it was saying the opposite
[Jan 23, 2011 9:01:01 PM EST] abulloch but then I wasn’t paid $300k, or whatever it was…. lol
[Jan 23, 2011 9:01:33 PM EST] InvestorsLive yes I get his emails
[Jan 23, 2011 9:04:31 PM EST] novalava Did you finish tonight ‘s seminar?
[Jan 23, 2011 9:05:25 PM EST] InvestorsLive we’re here jsut doing scans
[Jan 23, 2011 9:05:28 PM EST] abulloch about 10 mins ago, nova
[Jan 23, 2011 9:05:33 PM EST] InvestorsLive but yes – answered whomever
[Jan 23, 2011 9:05:37 PM EST] InvestorsLive if u have follow up questions feel free
[Jan 23, 2011 9:05:49 PM EST] Jaymo That scan bit.ly link you posted.. Which screener is that?
[Jan 23, 2011 9:06:14 PM EST] InvestorsLive mine
[Jan 23, 2011 9:06:23 PM EST] InvestorsLive that is listed on stock screens
[Jan 23, 2011 9:06:41 PM EST] Jaymo Just wondering if it was for any category in particular
[Jan 23, 2011 9:06:46 PM EST] Jaymo I’ll check the dashboard tho
[Jan 23, 2011 9:07:09 PM EST] InvestorsLive yea scanner set up
[Jan 23, 2011 9:07:29 PM EST] Jaymo Found it, thanks
[Jan 23, 2011 9:08:04 PM EST] Jaymo Any chacne you could take a screenshot of the parameters just so I could get a sense of what it’s searching for?
[Jan 23, 2011 9:08:25 PM EST] InvestorsLive no don’t have screen shot
[Jan 23, 2011 9:08:26 PM EST] InvestorsLive just use the link
[Jan 23, 2011 9:08:40 PM EST] InvestorsLive Ill re put them in some daya
[Jan 23, 2011 9:08:42 PM EST] InvestorsLive and figure it out
[Jan 23, 2011 9:08:43 PM EST] InvestorsLive I froget
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