http://www.authorstream.com/Presentation/InvestorsLive-967604-4-17seminar/
[Apr 17, 2011 8:00:24 PM EDT] InvestorsLive is there a seminar tonight?
[Apr 17, 2011 8:00:49 PM EDT] av8tor not sure
[Apr 17, 2011 8:01:01 PM EDT] Rodg3r i need one.
[Apr 17, 2011 8:01:11 PM EDT] InvestorsLive haha – conversion in progress made a small power point
[Apr 17, 2011 8:01:16 PM EDT] InvestorsLive oh
[Apr 17, 2011 8:01:17 PM EDT] InvestorsLive its done
[Apr 17, 2011 8:01:43 PM EDT] InvestorsLive http://www.authorstream.com/Presentation/InvestorsLive-967604-4-17seminar/
[Apr 17, 2011 8:01:48 PM EDT] InvestorsLive that work everyone?
[Apr 17, 2011 8:02:04 PM EDT] wegotseven not for me
[Apr 17, 2011 8:02:09 PM EDT] kpottsnc it’s asking for a login.
[Apr 17, 2011 8:02:10 PM EDT] Yelis63103 bo
[Apr 17, 2011 8:02:12 PM EDT] Yelis63103 no
[Apr 17, 2011 8:02:18 PM EDT] InvestorsLive ok 1 sec
[Apr 17, 2011 8:02:19 PM EDT] -war- asks for a username and password
[Apr 17, 2011 8:02:42 PM EDT] InvestorsLive now its good
[Apr 17, 2011 8:02:48 PM EDT] InvestorsLive refresh
[Apr 17, 2011 8:02:50 PM EDT] InvestorsLive http://www.authorstream.com/Presentation/InvestorsLive-967604-4-17seminar/
[Apr 17, 2011 8:02:55 PM EDT] kpottsnc Golden.
[Apr 17, 2011 8:03:00 PM EDT] CappuccinoTrades yep
[Apr 17, 2011 8:03:08 PM EDT] InvestorsLive alright cool I know I’ll have to post it like 50 x cuz people will sign in late and be lost
[Apr 17, 2011 8:03:44 PM EDT] Rodg3r need a static link bar on top of chat.
[Apr 17, 2011 8:03:48 PM EDT] -war- wait, repost what? I’m lost
[Apr 17, 2011 8:03:55 PM EDT] djmadfx modify the welcome message to include the seminar link
[Apr 17, 2011 8:03:57 PM EDT] InvestorsLive Alright so – same format as always
[Apr 17, 2011 8:04:10 PM EDT] InvestorsLive ask questions on topic and we’ll go to next
[Apr 17, 2011 8:04:23 PM EDT] InvestorsLive had some other questions not on the PPT I can just field after we are done
[Apr 17, 2011 8:04:27 PM EDT] InvestorsLive we’re really appropriate for a PPT
[Apr 17, 2011 8:04:51 PM EDT] InvestorsLive I uploaded it quick so start on Slide 4
[Apr 17, 2011 8:04:57 PM EDT] InvestorsLive then we will get into the trading slump
[Apr 17, 2011 8:05:09 PM EDT] InvestorsLive Nasdaq Trading – there was a question about trade530 alerts
[Apr 17, 2011 8:05:17 PM EDT] InvestorsLive afriad to chase them – how to play them what to do etc etc
[Apr 17, 2011 8:05:34 PM EDT] InvestorsLive we went over this last week but – look the guy nails the moves sure, sometimes they don’t work but a majority of the time they do
[Apr 17, 2011 8:05:46 PM EDT] InvestorsLive what do I do when he alerts? I look at the + or – the note
[Apr 17, 2011 8:05:47 PM EDT] InvestorsLive the chart
[Apr 17, 2011 8:05:51 PM EDT] InvestorsLive and make a decision from there
[Apr 17, 2011 8:06:16 PM EDT] InvestorsLive most times its charts we’re familiar with the key here is
[Apr 17, 2011 8:06:25 PM EDT] InvestorsLive if you get in.. you nail it and it rocks
[Apr 17, 2011 8:06:32 PM EDT] InvestorsLive or you get in .. and it chills … and you get out
[Apr 17, 2011 8:06:32 PM EDT] Laura I usually just buy, but if I see his alert 2 minutes late, I look at chart first
[Apr 17, 2011 8:06:50 PM EDT] InvestorsLive key here is the 2 points I make on slide 5
[Apr 17, 2011 8:06:53 PM EDT] Laura exactly
[Apr 17, 2011 8:07:07 PM EDT] InvestorsLive you’re either in and booom it goes
[Apr 17, 2011 8:07:11 PM EDT] InvestorsLive or point #2
[Apr 17, 2011 8:07:16 PM EDT] InvestorsLive you’re in .. . and it doesn’t and it’s a fail
[Apr 17, 2011 8:07:24 PM EDT] InvestorsLive well guess what it’s still chillin around the same price.. so get out and move on
[Apr 17, 2011 8:07:49 PM EDT] InvestorsLive if you over stay your welcome – those alerts are from big boys – lotta people may have taken the long or the short and if its not moving and 10 minutes goes by
[Apr 17, 2011 8:08:01 PM EDT] InvestorsLive they might start doing the opposite.. if short… start covering… if long.. start selling
[Apr 17, 2011 8:08:11 PM EDT] InvestorsLive and lastly I never trade them if no volume
[Apr 17, 2011 8:08:34 PM EDT] InvestorsLive if OTC and a wide spread, hell no like that other one Thursday I told people to be careful with
[Apr 17, 2011 8:08:40 PM EDT] InvestorsLive if OTC and a nice chart or Nasdaq and a nice chart
[Apr 17, 2011 8:08:43 PM EDT] InvestorsLive heck yes
[Apr 17, 2011 8:08:47 PM EDT] InvestorsLive but the key is volume
[Apr 17, 2011 8:09:09 PM EDT] InvestorsLive and no, don’t blow up his PMs – he’s not going to tell you what services he uses – so respect that
[Apr 17, 2011 8:09:23 PM EDT] InvestorsLive Any questions on that quick recap of how to play those stocks?
[Apr 17, 2011 8:09:43 PM EDT] InvestorsLive That’s not ALL Nasdaq’s – the rest of Nasdaqs I play as I suggest
[Apr 17, 2011 8:09:46 PM EDT] InvestorsLive the 3 favorite set ups
[Apr 17, 2011 8:10:07 PM EDT] InvestorsLive Alright so slide 5 answers the Trading Slump question
[Apr 17, 2011 8:10:23 PM EDT] InvestorsLive Bad streak – was in the zone banking .. and now you’re not
[Apr 17, 2011 8:10:25 PM EDT] InvestorsLive what happened!
[Apr 17, 2011 8:10:46 PM EDT] InvestorsLive Well let’s take a look – those who hang out after hours saw 2 newer members last month rocket .. had huge gains
[Apr 17, 2011 8:10:52 PM EDT] InvestorsLive left and right … you get used to it think you can’t lose
[Apr 17, 2011 8:11:07 PM EDT] InvestorsLive then you over hold one because it worked every other time, and bang – all your profits gone
[Apr 17, 2011 8:11:21 PM EDT] InvestorsLive Im on slide 6
[Apr 17, 2011 8:11:39 PM EDT] InvestorsLive take a step back, focus on what you’re doing, are you forcing the trade? are you trading to trade?
[Apr 17, 2011 8:11:44 PM EDT] InvestorsLive are you afraid to miss the move?
[Apr 17, 2011 8:12:02 PM EDT] InvestorsLive any of those = a yes – you’re trading for wrong reason
[Apr 17, 2011 8:12:15 PM EDT] InvestorsLive combine that with a succesful run and over confidence, you’re going to lose
[Apr 17, 2011 8:12:31 PM EDT] InvestorsLive if you focus on GOOD TRADING your accounts will build
[Apr 17, 2011 8:12:45 PM EDT] InvestorsLive a good example is REDF on Friday
[Apr 17, 2011 8:13:06 PM EDT] InvestorsLive and obviously no offense to this member – but it was a good example and I PMed them on the side and told them they were tryin to force a trade that wasn’t there
[Apr 17, 2011 8:13:19 PM EDT] InvestorsLive REDF was a text book red/green play (right after I covered on Friday)
[Apr 17, 2011 8:13:36 PM EDT] InvestorsLive you either took the highly anticipated red/green and sold some into the pop … and held some and it rebroke highs… or… you didn’t
[Apr 17, 2011 8:14:00 PM EDT] InvestorsLive if you didn’t – just wait for the move, wait for it to consolidate and set up (much like the seminar 3 fav set ups) intraday gearing/perking etc
[Apr 17, 2011 8:14:08 PM EDT] InvestorsLive the member said “long here?”
[Apr 17, 2011 8:14:13 PM EDT] InvestorsLive 3 minutes later “short here?”
[Apr 17, 2011 8:14:28 PM EDT] InvestorsLive just random chop chop movement after the breakout but they just wanted to be IN the move, and not miss out
[Apr 17, 2011 8:14:58 PM EDT] InvestorsLive The random trades just to trade is what’s gonna getcha – so take a step back … PM me even I don’t mind tell me what you took losses on
[Apr 17, 2011 8:15:17 PM EDT] InvestorsLive many times its just a conversation “what was your idea going in?” … a simple convo will bring out exactly where you went wrong
[Apr 17, 2011 8:15:33 PM EDT] InvestorsLive Any questions on that stuff?
[Apr 17, 2011 8:15:42 PM EDT] Yelis63103 no boss
[Apr 17, 2011 8:15:51 PM EDT] InvestorsLive The main thing to take home here on this questions is: Trade the move you came into the day expecting (ie: homework)
[Apr 17, 2011 8:16:09 PM EDT] Justin REDF chop chop b/c this stock is like that? or the market in general was chop chop?
[Apr 17, 2011 8:16:10 PM EDT] InvestorsLive or trade the move you see forming intraday (one that we go over, or one that you’ve found succesful)
[Apr 17, 2011 8:16:40 PM EDT] InvestorsLive 1 sec getting chart
[Apr 17, 2011 8:17:39 PM EDT] InvestorsLive http://img850.imageshack.us/img850/7065/redf12.png
[Apr 17, 2011 8:17:48 PM EDT] InvestorsLive the green line going across was red/green
[Apr 17, 2011 8:18:08 PM EDT] InvestorsLive you can se the slow gearing which is why I had covered I stated in chat, slowly bidding up turning gearing… didn’t want to be invovled since it was nearing textbook red/green play
[Apr 17, 2011 8:18:28 PM EDT] InvestorsLive therefore you had the red/green textbook breakout forming if vol came in
[Apr 17, 2011 8:18:35 PM EDT] InvestorsLive the member wanted to force a trade within that circle
[Apr 17, 2011 8:18:45 PM EDT] InvestorsLive what trade is there? besides maybe a quick scalp?
[Apr 17, 2011 8:19:01 PM EDT] InvestorsLive answer: forced trade
[Apr 17, 2011 8:19:17 PM EDT] InvestorsLive you just had a highly probable breakout that we all know is a good long
[Apr 17, 2011 8:19:39 PM EDT] InvestorsLive unless you’re scalping there’s no defined or probable move to play after it broke out
[Apr 17, 2011 8:19:48 PM EDT] InvestorsLive any questions on these slides so far?
[Apr 17, 2011 8:20:18 PM EDT] InvestorsLive going once
[Apr 17, 2011 8:20:20 PM EDT] InvestorsLive going twice……..
[Apr 17, 2011 8:20:26 PM EDT] InvestorsLive Alright – Slide 8
[Apr 17, 2011 8:20:33 PM EDT] InvestorsLive Nightly Scans and Pre Scans
[Apr 17, 2011 8:20:50 PM EDT] InvestorsLive What’s the difference, which are more important? etc
[Apr 17, 2011 8:21:05 PM EDT] InvestorsLive Pretty much all we do in here consist of high ADR stocks
[Apr 17, 2011 8:21:14 PM EDT] InvestorsLive even on the big boards
[Apr 17, 2011 8:21:48 PM EDT] InvestorsLive we aren’t trading the big boards on days they are just slowly moving up or down
[Apr 17, 2011 8:21:50 PM EDT] InvestorsLive .10-.20
[Apr 17, 2011 8:22:01 PM EDT] InvestorsLive we’re tradin them because their daily range is higher than normal .. thus providing and opportunity
[Apr 17, 2011 8:22:03 PM EDT] InvestorsLive ie: volatility
[Apr 17, 2011 8:22:32 PM EDT] InvestorsLive so that was just a misunderstanding of the term day rangers which is on the acronyms page
[Apr 17, 2011 8:22:53 PM EDT] InvestorsLive slide 10
[Apr 17, 2011 8:22:57 PM EDT] InvestorsLive Night scans vs. Pre Scans
[Apr 17, 2011 8:23:18 PM EDT] InvestorsLive nightly scans prepare you for the next day to come into the market smash and grab… and boom you knew that trade was coming and you nailed it
[Apr 17, 2011 8:23:23 PM EDT] InvestorsLive well guess what
[Apr 17, 2011 8:23:31 PM EDT] InvestorsLive sometimes nightly scans don’t pan out the very next day
[Apr 17, 2011 8:23:42 PM EDT] InvestorsLive and now what – you don’t trade anything?
[Apr 17, 2011 8:24:11 PM EDT] InvestorsLive that’s where the pre scans come in which I’ll talk about in a minute
[Apr 17, 2011 8:24:38 PM EDT] InvestorsLive But as you saw last week and the week b4 – obv. not bragging but
[Apr 17, 2011 8:24:42 PM EDT] InvestorsLive you saw VHC and the others
[Apr 17, 2011 8:24:44 PM EDT] InvestorsLive come in CYH too
[Apr 17, 2011 8:24:54 PM EDT] InvestorsLive smash and grab
[Apr 17, 2011 8:25:11 PM EDT] InvestorsLive that came from the home work you can’t do that with the pre list
[Apr 17, 2011 8:25:32 PM EDT] InvestorsLive you have the plan going in, you see it pan out .. you take it
[Apr 17, 2011 8:25:36 PM EDT] InvestorsLive you profit
[Apr 17, 2011 8:25:42 PM EDT] InvestorsLive if you’re wrong.. you respect your losses
[Apr 17, 2011 8:25:45 PM EDT] InvestorsLive if you DON’T
[Apr 17, 2011 8:25:49 PM EDT] InvestorsLive page 11
[Apr 17, 2011 8:26:04 PM EDT] InvestorsLive INVE happens, I broke my rules and fat fingered a double buy too
[Apr 17, 2011 8:26:23 PM EDT] InvestorsLive it did what I thought, I snagged it off the dip
[Apr 17, 2011 8:26:26 PM EDT] InvestorsLive was up about $1k
[Apr 17, 2011 8:26:42 PM EDT] InvestorsLive and didn’t take it let it re-test .. it didn’t hold .. but I held
[Apr 17, 2011 8:26:45 PM EDT] InvestorsLive why? I don’t know
[Apr 17, 2011 8:26:50 PM EDT] InvestorsLive I screw up sometimes
[Apr 17, 2011 8:27:17 PM EDT] InvestorsLive The point – Nightly scans = home work .. you come in and you smash and grab,… you follow your rules MOST of the time you’ll be right and even if your 50/50
[Apr 17, 2011 8:27:28 PM EDT] InvestorsLive you respect a normal set up trading rules you’ll be up in hte end
[Apr 17, 2011 8:28:36 PM EDT] InvestorsLive touching upon the high ADR stuff again – Laura corrected me a bit in PM just b/c they use the scan to show them stocks that are coming back into high ADR range
[Apr 17, 2011 8:28:43 PM EDT] InvestorsLive and most often the nightly scan and pre scans pick it up
[Apr 17, 2011 8:29:07 PM EDT] InvestorsLive whereas my scans I scan for the 8-10%+ at night most times or other stocks that were hitting scans and filter thru those that have a “higher ADR” type chart
[Apr 17, 2011 8:29:10 PM EDT] InvestorsLive and ignore the rest
[Apr 17, 2011 8:29:36 PM EDT] InvestorsLive Nightly scans vs. Pre scans – we always mention “cherry picked”
[Apr 17, 2011 8:29:52 PM EDT] InvestorsLive I’m on slide 12
[Apr 17, 2011 8:30:23 PM EDT] InvestorsLive like I said sometimes nightly scans don’t happen the very next day – how many days were we stalking VHC for the short
[Apr 17, 2011 8:30:29 PM EDT] InvestorsLive but it was on scan waiting for a gap up and parabolic
[Apr 17, 2011 8:30:36 PM EDT] InvestorsLive then it finally came and we nailed
[Apr 17, 2011 8:31:03 PM EDT] InvestorsLive pre list – gives us a cheat sheet to whats active for the morning
[Apr 17, 2011 8:31:32 PM EDT] InvestorsLive if you watch every stock that is up … its going to overwhelm u
[Apr 17, 2011 8:31:42 PM EDT] InvestorsLive focus on stocks you’ve seen before, or charts you’re familiar with
[Apr 17, 2011 8:31:54 PM EDT] InvestorsLive if you see a huge range already forming pre market
[Apr 17, 2011 8:31:59 PM EDT] Laura if art all possible for you, get to market 8 eastern
[Apr 17, 2011 8:32:15 PM EDT] Laura at* all
[Apr 17, 2011 8:32:35 PM EDT] InvestorsLive yea
[Apr 17, 2011 8:32:37 PM EDT] MilesJStoner preperation is huge because you need to scan through the scans
[Apr 17, 2011 8:32:38 PM EDT] InvestorsLive I feel lost when i don’t watch
[Apr 17, 2011 8:32:44 PM EDT] InvestorsLive 8:30AM to 9:30AM
[Apr 17, 2011 8:32:49 PM EDT] InvestorsLive takes me a lil while to warm back up
[Apr 17, 2011 8:32:53 PM EDT] InvestorsLive ie: Friday with no DAS charts
[Apr 17, 2011 8:33:24 PM EDT] InvestorsLive so – Pre list I like for a few things
[Apr 17, 2011 8:33:49 PM EDT] InvestorsLive big pull at open but with big range during morning session
[Apr 17, 2011 8:33:50 PM EDT] InvestorsLive pre market
[Apr 17, 2011 8:33:59 PM EDT] InvestorsLive or big highs pre market … pull back all day consolidate
[Apr 17, 2011 8:34:00 PM EDT] Laura you’ll see Mudd saying “testing pre high”
[Apr 17, 2011 8:34:01 PM EDT] InvestorsLive and the late day perk up
[Apr 17, 2011 8:34:07 PM EDT] InvestorsLive yup
[Apr 17, 2011 8:34:51 PM EDT] InvestorsLive So – next question was should you focus on one or the other ?
[Apr 17, 2011 8:35:10 PM EDT] InvestorsLive just chart ’em all … get used to charting charts
[Apr 17, 2011 8:35:16 PM EDT] InvestorsLive they will stick, you’ll get used to it
[Apr 17, 2011 8:35:28 PM EDT] InvestorsLive everyone says “too many tickers to remember”
[Apr 17, 2011 8:35:36 PM EDT] InvestorsLive its not about memorizing .. its just about seeing the chart
[Apr 17, 2011 8:35:51 PM EDT] InvestorsLive just glance once and then when you see it on scan later .. you don’t have to re-look
[Apr 17, 2011 8:36:11 PM EDT] InvestorsLive So … the difference?
[Apr 17, 2011 8:36:18 PM EDT] InvestorsLive use pre list for plays during day – whether AM trade or late day trade
[Apr 17, 2011 8:36:23 PM EDT] InvestorsLive or trade your plan from the homework
[Apr 17, 2011 8:36:37 PM EDT] InvestorsLive Any questions on the nightly scans or pre list?
[Apr 17, 2011 8:36:44 PM EDT] MilesJStoner and anytime a ticker is mentioned, I personally glance at the chart and if its a pattern I’m familiar with, I will write the ticker down on a piece of paper and peiriodically check back in for the set up. I’ll even set up a price alert for some.
[Apr 17, 2011 8:37:52 PM EDT] InvestorsLive none?
[Apr 17, 2011 8:37:58 PM EDT] InvestorsLive quiet bunch tonight nice
[Apr 17, 2011 8:38:09 PM EDT] InvestorsLive Slide 14
[Apr 17, 2011 8:38:21 PM EDT] InvestorsLive Even Dollar marks
[Apr 17, 2011 8:38:28 PM EDT] InvestorsLive yes .. even dollar crosses and 1/2 dollar marks
[Apr 17, 2011 8:38:31 PM EDT] InvestorsLive .50s and even dollars
[Apr 17, 2011 8:38:55 PM EDT] InvestorsLive again this does not mean… “oh its nearing $6 we should buy cuz if it crosses a whole # Muddy and Nate said it should go”
[Apr 17, 2011 8:39:20 PM EDT] InvestorsLive will I anticipate the move (ie: buy it before it breaks?)
[Apr 17, 2011 8:39:22 PM EDT] InvestorsLive absolutely
[Apr 17, 2011 8:39:32 PM EDT] InvestorsLive most of my trades are that way so I can sell some into the pop that the even dollar mark creates
[Apr 17, 2011 8:39:45 PM EDT] InvestorsLive but it comes down to combinations
[Apr 17, 2011 8:40:05 PM EDT] InvestorsLive gearing/perking/consolidation/volume – was it in play yesterday? last week? was it a huge runner and just pulled back?
[Apr 17, 2011 8:40:23 PM EDT] InvestorsLive HOTT for example – is it consolidating just below $6 for a week?
[Apr 17, 2011 8:40:49 PM EDT] InvestorsLive loved that one for a swing, sold like an idiot – but same idea
[Apr 17, 2011 8:40:56 PM EDT] InvestorsLive former running consolidating under major resistance
[Apr 17, 2011 8:41:01 PM EDT] InvestorsLive when it was gonna break it … was going to pop
[Apr 17, 2011 8:41:04 PM EDT] InvestorsLive but didn’t make it
[Apr 17, 2011 8:41:39 PM EDT] InvestorsLive another type have a great example
[Apr 17, 2011 8:41:55 PM EDT] -war- HNSN annoyed me all week. Was a nice combination
[Apr 17, 2011 8:42:02 PM EDT] InvestorsLive http://bit.ly/fbVnxY
[Apr 17, 2011 8:42:03 PM EDT] InvestorsLive FIG
[Apr 17, 2011 8:42:18 PM EDT] InvestorsLive nice move earlier in day .. consolidated and based at 5.80-85 range
[Apr 17, 2011 8:42:30 PM EDT] InvestorsLive broke off that channel with volume, will I anticipate that move for the whole # cross?
[Apr 17, 2011 8:42:31 PM EDT] InvestorsLive absolutely
[Apr 17, 2011 8:42:52 PM EDT] InvestorsLive risk is at .80 cents from .85 or .90? for potential breakout thru $6
[Apr 17, 2011 8:42:53 PM EDT] InvestorsLive sure thing
[Apr 17, 2011 8:43:18 PM EDT] InvestorsLive Any questions so far ?
[Apr 17, 2011 8:44:01 PM EDT] InvestorsLive alright slide 16
[Apr 17, 2011 8:44:10 PM EDT] InvestorsLive wars question and some others
[Apr 17, 2011 8:44:13 PM EDT] InvestorsLive Inch inch breakout
[Apr 17, 2011 8:44:23 PM EDT] InvestorsLive what is it .. what am I saying…
[Apr 17, 2011 8:44:27 PM EDT] InvestorsLive suggesting etc
[Apr 17, 2011 8:44:33 PM EDT] InvestorsLive inch inch breakout is just about … not being greedy
[Apr 17, 2011 8:44:49 PM EDT] InvestorsLive when your in … its slowly inching up … been doing it all day and then starts to speed up or spike
[Apr 17, 2011 8:44:54 PM EDT] InvestorsLive just lock some in……
[Apr 17, 2011 8:45:05 PM EDT] InvestorsLive if you really want it back … 9 outta 10 times you can always re buy lower or same price
[Apr 17, 2011 8:45:07 PM EDT] InvestorsLive if u really want it
[Apr 17, 2011 8:45:11 PM EDT] Laura always better to sell on way up on the otcs and pinks
[Apr 17, 2011 8:45:15 PM EDT] InvestorsLive yup
[Apr 17, 2011 8:45:25 PM EDT] InvestorsLive have an example of that one too after L
[Apr 17, 2011 8:45:42 PM EDT] InvestorsLive but for this example SCON even tho not an OTC
[Apr 17, 2011 8:45:43 PM EDT] Laura not that I play those much, lol
[Apr 17, 2011 8:45:44 PM EDT] InvestorsLive was a great example
[Apr 17, 2011 8:45:51 PM EDT] InvestorsLive if your in … it’s slowly inching
[Apr 17, 2011 8:46:03 PM EDT] InvestorsLive and then pops .35 cents when it was only going like .01-.02 before
[Apr 17, 2011 8:46:15 PM EDT] InvestorsLive why wouldn’t you lock some in?
[Apr 17, 2011 8:46:27 PM EDT] InvestorsLive we’re here to make profits, lock ’em in
[Apr 17, 2011 8:46:33 PM EDT] InvestorsLive now if ur playing way smaller – maybe it doesn’t make sense
[Apr 17, 2011 8:46:34 PM EDT] Laura see, that’s why I like naz stocks more than the otcs etc, so liquid
[Apr 17, 2011 8:46:46 PM EDT] InvestorsLive yup
[Apr 17, 2011 8:46:47 PM EDT] Laura and can be in and out in seconds
[Apr 17, 2011 8:46:51 PM EDT] MilesJStoner sry, alot of times I’ll take profits if my entry wasn’t great
[Apr 17, 2011 8:47:12 PM EDT] InvestorsLive so slide 18
[Apr 17, 2011 8:47:13 PM EDT] InvestorsLive ELTP
[Apr 17, 2011 8:47:20 PM EDT] InvestorsLive we had a member up like $4600 or something
[Apr 17, 2011 8:47:26 PM EDT] InvestorsLive every freakin’ day I said .. LOCK SOME IN LOCK SOME IN
[Apr 17, 2011 8:47:36 PM EDT] InvestorsLive there was ZERO dips, how do we know what’s going to happen if there is a dip?
[Apr 17, 2011 8:47:47 PM EDT] InvestorsLive that’s the thing about inch inchers
[Apr 17, 2011 8:47:53 PM EDT] InvestorsLive they keep inching and never dip. is there any support?
[Apr 17, 2011 8:48:09 PM EDT] InvestorsLive LEXG for example sure inch inch and breakout out but how many times has it tested support now?
[Apr 17, 2011 8:48:23 PM EDT] InvestorsLive and proved it has support, every support point if you haven’t noticed is a few pennies higher
[Apr 17, 2011 8:48:24 PM EDT] InvestorsLive each time
[Apr 17, 2011 8:48:40 PM EDT] InvestorsLive but ELTP was just straight up? What happens if it dips? Do they support it?
[Apr 17, 2011 8:48:57 PM EDT] InvestorsLive there’s no way to find out until it’s too late, so that member was up nearly $5k and turned it into a few hundred dollar gain
[Apr 17, 2011 8:49:12 PM EDT] InvestorsLive he’s not at seminar tonight .. so I’ll call him it…
[Apr 17, 2011 8:49:14 PM EDT] InvestorsLive he was a greedy pig
[Apr 17, 2011 8:49:37 PM EDT] InvestorsLive so that’s the big thing here behind inch inch breakouts – always esy to go up when everyone wants it
[Apr 17, 2011 8:49:39 PM EDT] Laura yeah, he said in chat that day
[Apr 17, 2011 8:50:01 PM EDT] InvestorsLive but what about the first seller, first seller wins? or is it just a dip, u never know.. lock some ine
[Apr 17, 2011 8:50:22 PM EDT] InvestorsLive this was an hototc pump a ways back found on my PC http://img811.imageshack.us/img811/2971/sjmn1.png
[Apr 17, 2011 8:50:30 PM EDT] InvestorsLive SHMN
[Apr 17, 2011 8:50:43 PM EDT] InvestorsLive slow inch inch breakout .. it popped to .09 I believe and then pulled back rest of the day to .05s
[Apr 17, 2011 8:51:16 PM EDT] InvestorsLive http://img26.imageshack.us/img26/5966/shmn.gif
[Apr 17, 2011 8:51:19 PM EDT] InvestorsLive u can see it on daily chart
[Apr 17, 2011 8:51:26 PM EDT] InvestorsLive closed at .06
[Apr 17, 2011 8:51:27 PM EDT] InvestorsLive hit .085
[Apr 17, 2011 8:51:35 PM EDT] InvestorsLive sold off rest of day after oging straight up
[Apr 17, 2011 8:51:50 PM EDT] InvestorsLive as soon as that speeds up a little bit or hits a wall, take some off
[Apr 17, 2011 8:51:58 PM EDT] InvestorsLive That’s the point here
[Apr 17, 2011 8:52:03 PM EDT] InvestorsLive re: inch inch breakout
[Apr 17, 2011 8:52:08 PM EDT] InvestorsLive and I always mention it on stocks we are playing
[Apr 17, 2011 8:52:22 PM EDT] InvestorsLive Any questions so far?
[Apr 17, 2011 8:52:42 PM EDT] Laura Nate, can I interupt with one thing?
[Apr 17, 2011 8:52:47 PM EDT] InvestorsLive no!
[Apr 17, 2011 8:52:52 PM EDT] InvestorsLive sure thing go for it
[Apr 17, 2011 8:52:55 PM EDT] Laura %%%%%%%%
[Apr 17, 2011 8:53:16 PM EDT] Laura No just for new members here, Muddy‘s scans are here http://greenonthescreen.blogspot.com/2008/06/im-gonna-try.html
[Apr 17, 2011 8:53:30 PM EDT] Laura and I don’t want to hear that it’s an old blog
[Apr 17, 2011 8:53:48 PM EDT] Laura Stuff is a relevant as the day it was posted
[Apr 17, 2011 8:53:56 PM EDT] Laura That’s all, I’m out 🙂
[Apr 17, 2011 8:54:16 PM EDT] MilesJStoner timeless classic
[Apr 17, 2011 8:54:42 PM EDT] -war- yep, quick question
[Apr 17, 2011 8:54:50 PM EDT] MilesJStoner all new peeps dis my blog, with nightly set ups www.boomwin.blogspot.com
[Apr 17, 2011 8:55:30 PM EDT] InvestorsLive yes war
[Apr 17, 2011 8:56:05 PM EDT] -war- I see inchers that work, ie b/o …and see inchers that start…but never really go anywhere and just peter out…is there anything before hand that would signal to us which ones will work and which ones don’t? Or is each one unique
[Apr 17, 2011 8:56:30 PM EDT] InvestorsLive inch inch breakout is just the stuff that we see on the intraday on ones we are trading
[Apr 17, 2011 8:56:33 PM EDT] InvestorsLive vs. I think ur asking
[Apr 17, 2011 8:56:37 PM EDT] InvestorsLive how do we know whihc ones to hold
[Apr 17, 2011 8:56:39 PM EDT] InvestorsLive while they inch inch
[Apr 17, 2011 8:56:50 PM EDT] InvestorsLive inch inch you’ll see – we had it all day with ALZM LEXG
[Apr 17, 2011 8:56:53 PM EDT] InvestorsLive before short battles started
[Apr 17, 2011 8:56:57 PM EDT] InvestorsLive and any pops sell into etc
[Apr 17, 2011 8:57:14 PM EDT] InvestorsLive but most mailer plays were always slow inch mode
[Apr 17, 2011 8:57:19 PM EDT] InvestorsLive you’ll see Muddy and I mentiont hat stuff a lot
[Apr 17, 2011 8:57:23 PM EDT] InvestorsLive if we see it forming on 1 min chart
[Apr 17, 2011 8:57:28 PM EDT] InvestorsLive we’ll say “incher” or … “inch mode”
[Apr 17, 2011 8:57:38 PM EDT] InvestorsLive those are ones we’d watch dips if any for .. and usually a decent chart set up
[Apr 17, 2011 8:58:01 PM EDT] -war- got it
[Apr 17, 2011 8:58:23 PM EDT] InvestorsLive so.. RISK
[Apr 17, 2011 8:58:24 PM EDT] InvestorsLive Slide 20
[Apr 17, 2011 8:58:26 PM EDT] InvestorsLive Determining risk
[Apr 17, 2011 8:58:45 PM EDT] InvestorsLive How to determine risk? entries etc etc
[Apr 17, 2011 8:59:02 PM EDT] InvestorsLive like I say a lot .. let the stock SHOW you
[Apr 17, 2011 8:59:12 PM EDT] InvestorsLive let it show you it holds higher high
[Apr 17, 2011 8:59:28 PM EDT] InvestorsLive let it show you it consolidates and can perk off that consolidation
[Apr 17, 2011 8:59:37 PM EDT] InvestorsLive CIGX we played Thursday
[Apr 17, 2011 8:59:44 PM EDT] InvestorsLive http://img534.imageshack.us/img534/6485/cigx.gif
[Apr 17, 2011 8:59:55 PM EDT] InvestorsLive was the first day it popped up after many days red …
[Apr 17, 2011 9:00:00 PM EDT] InvestorsLive you saw the big reversal candle the day before
[Apr 17, 2011 9:00:17 PM EDT] InvestorsLive Matthias had mentioned liked it .. snagged a small starter and stated where I wanted it to hold
[Apr 17, 2011 9:00:27 PM EDT] InvestorsLive and that I would add if it held
[Apr 17, 2011 9:00:30 PM EDT] InvestorsLive at 3.45
[Apr 17, 2011 9:00:39 PM EDT] InvestorsLive ie: let it PROVE to me that it’s going to hold
[Apr 17, 2011 9:00:44 PM EDT] InvestorsLive I like it… so I’m in smaller
[Apr 17, 2011 9:00:47 PM EDT] InvestorsLive then after it proves .. I add
[Apr 17, 2011 9:00:59 PM EDT] InvestorsLive u saw me add etc.. yea I sold early cuz I was in a few trades and waht not
[Apr 17, 2011 9:01:00 PM EDT] sto777cks I busted my account on that one
[Apr 17, 2011 9:01:00 PM EDT] InvestorsLive but
[Apr 17, 2011 9:01:07 PM EDT] InvestorsLive lol
[Apr 17, 2011 9:01:23 PM EDT] InvestorsLive but you let it test support if you miss initial move
[Apr 17, 2011 9:01:32 PM EDT] InvestorsLive and buy off the support perk
[Apr 17, 2011 9:01:38 PM EDT] InvestorsLive and you know your risk – if support breaks
[Apr 17, 2011 9:01:48 PM EDT] InvestorsLive More about risk
[Apr 17, 2011 9:01:56 PM EDT] InvestorsLive So you missed the entry like I said above – slide 23
[Apr 17, 2011 9:02:01 PM EDT] InvestorsLive patienceeeeeeeeee people
[Apr 17, 2011 9:02:05 PM EDT] InvestorsLive you don’t need to trade every stock
[Apr 17, 2011 9:02:20 PM EDT] InvestorsLive if the volume tappers off
[Apr 17, 2011 9:02:23 PM EDT] InvestorsLive forget about it
[Apr 17, 2011 9:02:39 PM EDT] InvestorsLive you need interest and other traders in there to make stocks move … if its nto trading volume
[Apr 17, 2011 9:02:43 PM EDT] InvestorsLive or keeping a trend
[Apr 17, 2011 9:02:49 PM EDT] InvestorsLive you’re not the only one who has lost interest
[Apr 17, 2011 9:03:17 PM EDT] InvestorsLive any questions on the risk stuff?
[Apr 17, 2011 9:03:59 PM EDT] InvestorsLive Slide 24
[Apr 17, 2011 9:04:02 PM EDT] InvestorsLive Getting Stuckkkkkkkkkk
[Apr 17, 2011 9:04:19 PM EDT] InvestorsLive Why do I say OTCs are risky? and to be careful
[Apr 17, 2011 9:04:24 PM EDT] InvestorsLive (yes this was a question :P)
[Apr 17, 2011 9:05:01 PM EDT] InvestorsLive ELTP is a good example for this first question
[Apr 17, 2011 9:05:15 PM EDT] InvestorsLive the bounce play – had nailed that bottom bounce but the key is …
[Apr 17, 2011 9:05:27 PM EDT] InvestorsLive if it doesn’t rip right back up after your in and lets everyone and their mom in at the same price as you
[Apr 17, 2011 9:05:39 PM EDT] InvestorsLive chances are it’s going to reverse back and turn all those buyers into sellers
[Apr 17, 2011 9:05:43 PM EDT] InvestorsLive ie: panic
[Apr 17, 2011 9:05:46 PM EDT] InvestorsLive you saw it a few times on ELTP
[Apr 17, 2011 9:06:39 PM EDT] InvestorsLive whenever I trade OTC bounces I’m on the sell side immediately because if they turn you’re not going to be able to fill which is why I suggest not tradin them until you are comfortable doing so
[Apr 17, 2011 9:06:59 PM EDT] InvestorsLive If it’s not going as anticipated .. chances are people are thinking the same thing as you
[Apr 17, 2011 9:07:10 PM EDT] InvestorsLive and as soon as everyone thinks the same and starts going for the bid .. good luck
[Apr 17, 2011 9:07:26 PM EDT] InvestorsLive that’s why .. even tho ELTP kept going – still was kinda sketchy – so much volume let it at lows
[Apr 17, 2011 9:07:28 PM EDT] InvestorsLive wasn’t worth it for me
[Apr 17, 2011 9:07:34 PM EDT] InvestorsLive plus I didn’t get a good fill
[Apr 17, 2011 9:08:22 PM EDT] InvestorsLive next comment not to be mean but
[Apr 17, 2011 9:08:27 PM EDT] InvestorsLive just watch these things over and over
[Apr 17, 2011 9:08:33 PM EDT] InvestorsLive u guys PM me and ask me if a dip is a buy on these OTCs
[Apr 17, 2011 9:08:36 PM EDT] InvestorsLive im going to tell you to watch it
[Apr 17, 2011 9:08:52 PM EDT] InvestorsLive look – everyone started out same way… everyone had no idea and would buy or sell if they saw someone else do it … but
[Apr 17, 2011 9:08:59 PM EDT] InvestorsLive when u finally get it.. then ur ready
[Apr 17, 2011 9:09:08 PM EDT] InvestorsLive -war- pretty good example .. prob was lost at first
[Apr 17, 2011 9:09:15 PM EDT] InvestorsLive marketmaker1177 too
[Apr 17, 2011 9:09:25 PM EDT] InvestorsLive asked a lot of questions to start at times
[Apr 17, 2011 9:09:34 PM EDT] InvestorsLive but now you see marketmaker taking the forward on bounce plays
[Apr 17, 2011 9:09:36 PM EDT] InvestorsLive and nailing bottoms etc
[Apr 17, 2011 9:09:56 PM EDT] InvestorsLive maybe at one point had a ton of questions at seminars.. or PMs.. or whatever .. but … when ur ready to do it yourself and are confident.. then ur ready to use real $
[Apr 17, 2011 9:10:02 PM EDT] InvestorsLive until then … just watch.. watch level 2 .. wtach chart
[Apr 17, 2011 9:10:06 PM EDT] InvestorsLive watch the action .. soak it in
[Apr 17, 2011 9:10:07 PM EDT] InvestorsLive but stay away
[Apr 17, 2011 9:10:39 PM EDT] InvestorsLive (that’s for the back side of promos and bounces – these comments)
[Apr 17, 2011 9:10:59 PM EDT] InvestorsLive any questions on that topic?
[Apr 17, 2011 9:11:09 PM EDT] ramkia What do you watch for on L2 for bounce plays
[Apr 17, 2011 9:11:17 PM EDT] Justin the bounce plays.. IL u use 1 min always? never the 5 min?
[Apr 17, 2011 9:11:47 PM EDT] Laura IL uses 1 min, I like both 1 and 5
[Apr 17, 2011 9:12:01 PM EDT] Laura but I trade diff than he does
[Apr 17, 2011 9:12:02 PM EDT] InvestorsLive 1 min
[Apr 17, 2011 9:12:22 PM EDT] InvestorsLive New Members link as suggested seminars – what I use all stated and 1 slide on there dedicated to that question
[Apr 17, 2011 9:12:30 PM EDT] InvestorsLive 1 min chart volume and candle stick charting
[Apr 17, 2011 9:12:37 PM EDT] InvestorsLive bollinger bands no
[Apr 17, 2011 9:12:39 PM EDT] Justin ty
[Apr 17, 2011 9:12:40 PM EDT] InvestorsLive 5 min chart no
[Apr 17, 2011 9:12:41 PM EDT] InvestorsLive MACD no
[Apr 17, 2011 9:12:42 PM EDT] InvestorsLive etc etc etc
[Apr 17, 2011 9:12:43 PM EDT] InvestorsLive no no no
[Apr 17, 2011 9:12:57 PM EDT] Derffie any trend line?
[Apr 17, 2011 9:13:02 PM EDT] InvestorsLive in my head
[Apr 17, 2011 9:13:06 PM EDT] InvestorsLive no trend line
[Apr 17, 2011 9:13:11 PM EDT] InvestorsLive physical one
[Apr 17, 2011 9:13:13 PM EDT] InvestorsLive none
[Apr 17, 2011 9:13:18 PM EDT] InvestorsLive ramkia – yes watch Level 2
[Apr 17, 2011 9:13:25 PM EDT] Derffie ah no wonder you get out early
[Apr 17, 2011 9:13:27 PM EDT] sto777cks 1min chart, volume, & level 2
[Apr 17, 2011 9:13:33 PM EDT] InvestorsLive watch for volume and little bid movement
[Apr 17, 2011 9:13:37 PM EDT] InvestorsLive lots of stuff but as I said
[Apr 17, 2011 9:13:40 PM EDT] InvestorsLive watch it over and over and over again
[Apr 17, 2011 9:13:53 PM EDT] InvestorsLive if I tell you stuff it’ll just confuse you as it always does whenever I even touch a level 2 subject
[Apr 17, 2011 9:14:02 PM EDT] InvestorsLive people start making trades based off random market makers and it doesn’t help anyone
[Apr 17, 2011 9:14:14 PM EDT] InvestorsLive watch watch watch .. learn silently and sooner or later you’ll get it
[Apr 17, 2011 9:14:17 PM EDT] InvestorsLive many times its the same thing over and over
[Apr 17, 2011 9:14:26 PM EDT] sto777cks you just either know it or you dont, comes with experience
[Apr 17, 2011 9:14:38 PM EDT] InvestorsLive .13 (x2) x .1301 (x8)
[Apr 17, 2011 9:14:41 PM EDT] InvestorsLive exactly
[Apr 17, 2011 9:14:42 PM EDT] InvestorsLive lotta vol
[Apr 17, 2011 9:14:45 PM EDT] InvestorsLive and bang … see what happens
[Apr 17, 2011 9:14:51 PM EDT] InvestorsLive but as 777 said … it either clicks or it doesn’t
[Apr 17, 2011 9:14:57 PM EDT] InvestorsLive and you can either tradea b ounce… or you can’t
[Apr 17, 2011 9:15:08 PM EDT] InvestorsLive So – slide 27
[Apr 17, 2011 9:15:14 PM EDT] InvestorsLive EquityFeed
[Apr 17, 2011 9:15:29 PM EDT] InvestorsLive Accumulation scan … and .. whether or not u can scan for r/g’s
[Apr 17, 2011 9:15:53 PM EDT] InvestorsLive accumulation scan doesn’t mean buy
[Apr 17, 2011 9:15:58 PM EDT] InvestorsLive it means watch it .. and watch it unfold
[Apr 17, 2011 9:16:00 PM EDT] InvestorsLive watch for entry
[Apr 17, 2011 9:16:10 PM EDT] InvestorsLive accumulation means that more than 3/4ths of the trades are on the offer
[Apr 17, 2011 9:16:16 PM EDT] InvestorsLive for whatever reason someone is accumulating
[Apr 17, 2011 9:16:29 PM EDT] InvestorsLive why not just buy? – lets take this route first
[Apr 17, 2011 9:16:40 PM EDT] InvestorsLive what happens if 100% of buys are on offer? and then first seller tries to sell
[Apr 17, 2011 9:16:42 PM EDT] InvestorsLive and no bid?
[Apr 17, 2011 9:16:54 PM EDT] InvestorsLive so that’s why we watch the ones that hit scan.. and watch for a trend
[Apr 17, 2011 9:16:57 PM EDT] InvestorsLive a trend we’re familiar with
[Apr 17, 2011 9:17:04 PM EDT] InvestorsLive SKNY was on scan last week A LOT
[Apr 17, 2011 9:17:26 PM EDT] InvestorsLive I said it… said if it starts perking up we need to watch but no reason to watch at .05-.052 when it wtas on scan 3 days in a row
[Apr 17, 2011 9:17:33 PM EDT] InvestorsLive then we started to finally see price appreciation
[Apr 17, 2011 9:17:35 PM EDT] InvestorsLive .05 support
[Apr 17, 2011 9:17:39 PM EDT] InvestorsLive now u know ur risk vs. reward
[Apr 17, 2011 9:17:59 PM EDT] InvestorsLive and then it hit again Friday and if it cracks .07 tomorrow I’ll be a buyer on dips for a swing
[Apr 17, 2011 9:18:05 PM EDT] InvestorsLive http://img21.imageshack.us/img21/9031/skny.gif
[Apr 17, 2011 9:18:43 PM EDT] InvestorsLive ESYL another one from .50 range that had been on there each day – which also gives u the heads up and a reminder that you need to lock in
[Apr 17, 2011 9:18:52 PM EDT] InvestorsLive if ESYL was on my accumulation scan all week from .50 to 1.10
[Apr 17, 2011 9:18:54 PM EDT] InvestorsLive what does that tell you?
[Apr 17, 2011 9:19:03 PM EDT] InvestorsLive for 5-7 days in a row 75% of the volume was on the offer
[Apr 17, 2011 9:19:05 PM EDT] InvestorsLive or more
[Apr 17, 2011 9:19:24 PM EDT] InvestorsLive well sh*t what happens if the bid gets tested? …. as you saw… there was no bid and it tanked
[Apr 17, 2011 9:19:49 PM EDT] InvestorsLive and to touch on that last question on slide 27
[Apr 17, 2011 9:20:03 PM EDT] InvestorsLive is there a scan for r/g ,…. I’m sure
[Apr 17, 2011 9:20:10 PM EDT] InvestorsLive but you’ve gotta explore equityfeed
[Apr 17, 2011 9:20:12 PM EDT] InvestorsLive its rooooooooobust
[Apr 17, 2011 9:20:30 PM EDT] InvestorsLive do I have an answer for you ? no … you are looking at same thing I am.. start putting in your prices that you like to trade
[Apr 17, 2011 9:20:34 PM EDT] InvestorsLive nasdaq amex…
[Apr 17, 2011 9:20:37 PM EDT] InvestorsLive $2 to $8 whatever
[Apr 17, 2011 9:20:40 PM EDT] InvestorsLive pull back %
[Apr 17, 2011 9:20:50 PM EDT] InvestorsLive nearing 0% on the day
[Apr 17, 2011 9:20:59 PM EDT] InvestorsLive or within 1-2% of green on the day
[Apr 17, 2011 9:20:59 PM EDT] InvestorsLive whatever
[Apr 17, 2011 9:21:07 PM EDT] InvestorsLive just keep finetuning until you find something
[Apr 17, 2011 9:21:11 PM EDT] InvestorsLive you can tell it to give you whatever you want
[Apr 17, 2011 9:21:21 PM EDT] InvestorsLive Any questions so far
[Apr 17, 2011 9:21:51 PM EDT] ramkia Equityfeed is a subscription?
[Apr 17, 2011 9:21:57 PM EDT] InvestorsLive yup
[Apr 17, 2011 9:22:37 PM EDT] InvestorsLive Alright and last slide
[Apr 17, 2011 9:22:41 PM EDT] InvestorsLive some visuals as you guys all love
[Apr 17, 2011 9:22:48 PM EDT] Laura but you don’t need equity feed at the beginning if new
[Apr 17, 2011 9:22:54 PM EDT] InvestorsLive yea … u don’t
[Apr 17, 2011 9:22:59 PM EDT] InvestorsLive I post the scans in here
[Apr 17, 2011 9:23:03 PM EDT] Laura we don’t use it
[Apr 17, 2011 9:23:24 PM EDT] InvestorsLive but first some simple questions that don’t really have concrete answers
[Apr 17, 2011 9:23:34 PM EDT] InvestorsLive Should you be holding positions over night?
[Apr 17, 2011 9:23:40 PM EDT] InvestorsLive eh … up to u.. I don’t do nasdaq 99% of the time
[Apr 17, 2011 9:23:48 PM EDT] InvestorsLive strong closes on OTCs sometimes most times have follow thru
[Apr 17, 2011 9:24:08 PM EDT] InvestorsLive but if you don’t have it in ya to take the morning gains and then hold until it goes green to red and all that jazz and you bag hold .. then forget about it
[Apr 17, 2011 9:24:14 PM EDT] InvestorsLive just take profits and don’t hold over
[Apr 17, 2011 9:24:55 PM EDT] InvestorsLive Do I set profit points? … no I’m just not greedy … I go in based on the move I see possible
[Apr 17, 2011 9:25:07 PM EDT] InvestorsLive if I think .30 cent move I’ll prob play 3k shares
[Apr 17, 2011 9:25:10 PM EDT] InvestorsLive = 1k ish
[Apr 17, 2011 9:25:28 PM EDT] InvestorsLive how much $$ in each position
[Apr 17, 2011 9:25:35 PM EDT] InvestorsLive up to u… think about it
[Apr 17, 2011 9:25:41 PM EDT] InvestorsLive $1k … u get 10% move thats $100 bucks
[Apr 17, 2011 9:25:47 PM EDT] InvestorsLive trade accordingly
[Apr 17, 2011 9:26:15 PM EDT] InvestorsLive I don’t trade based on $$ .. I don’t even really look I trade based on share size and anticipated move
[Apr 17, 2011 9:26:18 PM EDT] InvestorsLive which is different than Muddy and L
[Apr 17, 2011 9:26:24 PM EDT] InvestorsLive who may trade 3% of a portfolio
[Apr 17, 2011 9:26:28 PM EDT] InvestorsLive which may be $3k
[Apr 17, 2011 9:26:34 PM EDT] Laura different strategies for diff stocks too
[Apr 17, 2011 9:26:40 PM EDT] InvestorsLive I trade based on the move I anticipate and the risk I see at hand
[Apr 17, 2011 9:26:48 PM EDT] InvestorsLive if my risk is .10 cents and reward may be .30-.50
[Apr 17, 2011 9:26:50 PM EDT] InvestorsLive I’m in 3-5k shares
[Apr 17, 2011 9:27:09 PM EDT] InvestorsLive but could change if I smash at 9:31
[Apr 17, 2011 9:27:20 PM EDT] Laura I like finding the higher priced ones too that I can play 100-200 shares on
[Apr 17, 2011 9:27:29 PM EDT] Laura get a buck, nice
[Apr 17, 2011 9:27:32 PM EDT] InvestorsLive yup take TZOO for example
[Apr 17, 2011 9:27:45 PM EDT] InvestorsLive I may play 1k shares … any other stock at that range you could play 1k shares
[Apr 17, 2011 9:27:51 PM EDT] InvestorsLive and ur risk is $300
[Apr 17, 2011 9:27:52 PM EDT] InvestorsLive but TZOO
[Apr 17, 2011 9:27:59 PM EDT] InvestorsLive its so thin your risk is like $2-3 bucks
[Apr 17, 2011 9:28:04 PM EDT] Laura yeah, lot more risk
[Apr 17, 2011 9:28:10 PM EDT] InvestorsLive so you have to recognize .. thin stocks…
[Apr 17, 2011 9:28:12 PM EDT] InvestorsLive biggggggg swings
[Apr 17, 2011 9:28:16 PM EDT] InvestorsLive I got smoked my first short on TZOO
[Apr 17, 2011 9:28:24 PM EDT] InvestorsLive then came back and had multi 4-5k + gains
[Apr 17, 2011 9:28:25 PM EDT] Laura I’ve been burnt on TZOO and VHC, so I just stay away
[Apr 17, 2011 9:28:48 PM EDT] Laura learn your own risk tolerance
[Apr 17, 2011 9:29:20 PM EDT] InvestorsLive last but not least
[Apr 17, 2011 9:29:22 PM EDT] InvestorsLive some visuals
[Apr 17, 2011 9:29:23 PM EDT] InvestorsLive textbook stuff
[Apr 17, 2011 9:29:28 PM EDT] InvestorsLive GNTA
[Apr 17, 2011 9:29:33 PM EDT] InvestorsLive http://img36.imageshack.us/img36/4354/gnta1.png
[Apr 17, 2011 9:29:39 PM EDT] InvestorsLive stated the day before – teeeeeeextbook
[Apr 17, 2011 9:29:50 PM EDT] InvestorsLive hit liek .12 next day – but 2 times top during day
[Apr 17, 2011 9:30:02 PM EDT] InvestorsLive 3pm + (20 min into close – cracks to a new HOD)
[Apr 17, 2011 9:30:06 PM EDT] InvestorsLive VERY bullish
[Apr 17, 2011 9:30:12 PM EDT] InvestorsLive carry thru into next day
[Apr 17, 2011 9:30:26 PM EDT] InvestorsLive LOCM
[Apr 17, 2011 9:30:27 PM EDT] InvestorsLive http://img40.imageshack.us/img40/1845/locm.png
[Apr 17, 2011 9:30:31 PM EDT] InvestorsLive the prior day was a big move… ended red
[Apr 17, 2011 9:30:33 PM EDT] InvestorsLive bmon alerted this
[Apr 17, 2011 9:30:43 PM EDT] InvestorsLive said pop near green
[Apr 17, 2011 9:30:58 PM EDT] InvestorsLive the day prior was a BIG move.. the morning was red…
[Apr 17, 2011 9:31:12 PM EDT] InvestorsLive combinations .. former + big day day before.. red/green volume
[Apr 17, 2011 9:31:12 PM EDT] InvestorsLive bang
[Apr 17, 2011 9:31:24 PM EDT] InvestorsLive http://img801.imageshack.us/img801/8523/dgw.png
[Apr 17, 2011 9:31:27 PM EDT] InvestorsLive DGW a good example
[Apr 17, 2011 9:31:33 PM EDT] InvestorsLive “OK i missed the first mvoe what now?”
[Apr 17, 2011 9:31:46 PM EDT] InvestorsLive slowly making higher lows
[Apr 17, 2011 9:31:56 PM EDT] InvestorsLive starts gearing and volume flows towards HOD
[Apr 17, 2011 9:32:38 PM EDT] InvestorsLive Last 2 questions
[Apr 17, 2011 9:32:40 PM EDT] InvestorsLive On 4/12 I took a screen shot of a quick comment you made to Beachbum re: CPTCQ. I had the stock on watch and didn’t understand. —InvestorsLive: CPTCQ might be decent today too beach b/c usually on Qs penson doesnt deliver the shares very quickly so might have only traders vs. regular day sellers in there could b wrong, but sometimes 24 hrs.–
[Apr 17, 2011 9:32:51 PM EDT] InvestorsLive when ABK went BK
[Apr 17, 2011 9:32:53 PM EDT] InvestorsLive it became ABKFQ
[Apr 17, 2011 9:33:01 PM EDT] InvestorsLive it was halted and opened up mid day
[Apr 17, 2011 9:33:06 PM EDT] InvestorsLive those who were long as ABK and had penson
[Apr 17, 2011 9:33:12 PM EDT] InvestorsLive didn’t get their sahres until the following day
[Apr 17, 2011 9:33:36 PM EDT] InvestorsLive if that’s the case there’s a good chance that there is LESS inventory in the way (ie: sellers) and many times once they base the first day after becoming bankrupt
[Apr 17, 2011 9:33:38 PM EDT] InvestorsLive they bounce on air
[Apr 17, 2011 9:33:53 PM EDT] InvestorsLive I bought PNGM when it was being accumulated. One day 1.5 million shares, the next over 400K shares and the next day 28K. I got out at a loss by selling at the next two bid prices the day after the 28K when there was no momentum. I am sure I missed the signal to get out sooner, but I don’t know what it was.
[Apr 17, 2011 9:34:21 PM EDT] InvestorsLive the day after .. 1.5m shares probably gapped (which it did) if it closed strong… you sell the morning strength as I always suggest
[Apr 17, 2011 9:34:28 PM EDT] InvestorsLive and then re-snag on a dip IF trend holds
[Apr 17, 2011 9:34:44 PM EDT] InvestorsLive if it doesn’t … trend (also includes volume)
[Apr 17, 2011 9:34:52 PM EDT] InvestorsLive then forget about it
[Apr 17, 2011 9:35:04 PM EDT] InvestorsLive thazzzzzzzzzzzz it
[Apr 17, 2011 9:35:34 PM EDT] InvestorsLive couple other questions I see those users aren’t in here but I’ll PM tomorrow or reply on the seminar field there
[Apr 17, 2011 9:36:01 PM EDT] kpottsnc How do you determine the ADR of a stock? Is it listed on the watchlist or scans?
[Apr 17, 2011 9:36:30 PM EDT] Laura ADR is a scan
[Apr 17, 2011 9:36:46 PM EDT] Laura but it just means above average day range
[Apr 17, 2011 9:36:48 PM EDT] Derffie its a function built into stockfetcher for example
[Apr 17, 2011 9:37:03 PM EDT] Laura say for example a stock closes at $10
[Apr 17, 2011 9:37:27 PM EDT] Laura next day it trades between 9.50 and 10.50
[Apr 17, 2011 9:37:56 PM EDT] Laura $1 range/ $10 a share = 10% range
[Apr 17, 2011 9:38:06 PM EDT] kpottsnc Thanks Laura. Is that scan posted in chat daily?
[Apr 17, 2011 9:38:18 PM EDT] Laura all the hot stocks start hitting that scan
[Apr 17, 2011 9:38:28 PM EDT] Laura no knontts
[Apr 17, 2011 9:38:37 PM EDT] Laura it’s one we run on weekend
[Apr 17, 2011 9:38:45 PM EDT] Laura no need to do more often
[Apr 17, 2011 9:38:51 PM EDT] Laura http://greenonthescreen.blogspot.com/2008/06/im-gonna-try.html
[Apr 17, 2011 9:38:57 PM EDT] Laura scan posted there
[Apr 17, 2011 9:39:45 PM EDT] Laura but great watchlist to put together, and if you run it weekly, it helps you learn the tickers of runners
[Apr 17, 2011 9:39:56 PM EDT] kpottsnc Awesome, thank you.
[Apr 17, 2011 9:40:09 PM EDT] Laura a year from now you’ll be saying, I know this. Former runner.
[Apr 17, 2011 9:41:19 PM EDT] Laura I know it seems like so many tickers and alerts on chat
[Apr 17, 2011 9:41:40 PM EDT] Laura But find what interests you, and who play the like kind and chat with them.
[Apr 17, 2011 9:42:05 PM EDT] Laura I don’t play the otcs and pinks……Mudd does a few
[Apr 17, 2011 9:42:17 PM EDT] Laura but his thing is Naz stocks
[Apr 17, 2011 9:42:36 PM EDT] Laura I play higher priced ones, and short crap stocks
[Apr 17, 2011 9:43:01 PM EDT] Laura Everyone has their own niche. Find yours.
[Apr 17, 2011 9:44:36 PM EDT] jbourb10 IL, any other tools or services you pay for besides equity feed?
[Apr 17, 2011 9:45:35 PM EDT] jbourb10 or Laura
[Apr 17, 2011 9:45:36 PM EDT] wcwc69 equity feed gonna make your was explode if you’re starting out
[Apr 17, 2011 9:45:40 PM EDT] Laura we only pay for stockfetcher.com at $9 a month
[Apr 17, 2011 9:45:54 PM EDT] InvestorsLive just equityfeed and DAS trader
[Apr 17, 2011 9:46:06 PM EDT] Laura we don’t pay for equity feed, or level 2
[Apr 17, 2011 9:46:13 PM EDT] wcwc69 was=head**, %%%% autocorrect iPhone
[Apr 17, 2011 9:46:36 PM EDT] jbourb10 k
[Apr 17, 2011 9:46:40 PM EDT] djmadfx stockfetcher.com has the promo code FREEWEEK which will give you a free week trial (need credit card info still)
[Apr 17, 2011 9:46:54 PM EDT] Laura caveman trading as Muddy says
[Apr 17, 2011 9:47:24 PM EDT] Laura thing is, he was trading before internet existed
[Apr 17, 2011 9:47:27 PM EDT] Laura so that
[Apr 17, 2011 9:47:29 PM EDT] jbourb10 caveman with a hell of a memory
[Apr 17, 2011 9:47:45 PM EDT] Laura so that;s why it is what it is
[Apr 17, 2011 9:47:59 PM EDT] Laura jb, you can’t imagine
[Apr 17, 2011 9:48:06 PM EDT] Laura it’s all in his head
[Apr 17, 2011 9:48:15 PM EDT] Derffie wow he traded back when prices were quoted in fractions like 1/4 1/8 etc
[Apr 17, 2011 9:48:22 PM EDT] Laura yup
[Apr 17, 2011 9:48:36 PM EDT] Laura and commissions $300
[Apr 17, 2011 9:48:42 PM EDT] Derffie ouch
[Apr 17, 2011 9:49:04 PM EDT] jbourb10 thats what i pay for pennies
[Apr 17, 2011 9:49:17 PM EDT] Laura well ya didn’t daytrade then Derf
[Apr 17, 2011 9:49:26 PM EDT] speedgoofy what do you and Muddy use for your trailing stop .. percent?
[Apr 17, 2011 9:49:34 PM EDT] jbourb10 scottrade sucks for that
[Apr 17, 2011 9:49:37 PM EDT] Derffie nope I just trusted newsletters and lost money
[Apr 17, 2011 9:50:05 PM EDT] Laura Don’t use trailing stops except on higher priced stocks.
[Apr 17, 2011 9:50:24 PM EDT] Laura Then if I get up .50 or so I put one in
[Apr 17, 2011 9:50:53 PM EDT] Laura Mental trails, yeah, try to not lose more than 3-4%
[Apr 17, 2011 9:51:08 PM EDT] speedgoofy got it thanks
[Apr 17, 2011 9:51:25 PM EDT] Laura But I have found real trails work good on $20-60 stocks
[Apr 17, 2011 9:51:59 PM EDT] Laura wait til I get up a bit, then enter a trailer
[Apr 17, 2011 9:55:58 PM EDT] Laura then I don’t have to watch it as close
[Apr 17, 2011 9:57:09 PM EDT] speedgoofy hey thanks alot…. got to get back to the kids …im out
[Apr 17, 2011 10:01:41 PM EDT] wcwc69 IL can you post seminar from beginning?
[Apr 17, 2011 10:02:00 PM EDT] InvestorsLive always
[Apr 17, 2011 10:02:45 PM EDT] InvestorsLive BARZ lol
[Apr 17, 2011 10:02:48 PM EDT] InvestorsLive I just looked at that chart
[Apr 17, 2011 10:02:50 PM EDT] InvestorsLive waht a sh*t show
[Apr 17, 2011 10:03:10 PM EDT] marketmaker1177 disappointment
[Apr 17, 2011 10:03:34 PM EDT] -war- which makes me laugh when people are going apes%%t over ONCS
[Apr 17, 2011 10:04:29 PM EDT] CappuccinoTrades yep, well see what happened with it
[Apr 17, 2011 10:05:08 PM EDT] CappuccinoTrades happens – oops
[Apr 17, 2011 10:06:00 PM EDT] jbourb10 question for any of the moderators – how many monitors do you use?
[Apr 17, 2011 10:07:25 PM EDT] InvestorsLive 4 + macbook air
[Apr 17, 2011 10:08:06 PM EDT] djmadfx what size monitors?
[Apr 17, 2011 10:08:38 PM EDT] InvestorsLive 24s
[Apr 17, 2011 10:08:49 PM EDT] jbourb10 2 video cards with 1 computer?
[Apr 17, 2011 10:08:51 PM EDT] djmadfx ah that size seems to be quite popular
[Apr 17, 2011 10:09:08 PM EDT] InvestorsLive u can put as many vid cards as u want
[Apr 17, 2011 10:09:13 PM EDT] InvestorsLive u can run like 20 monitors
[Apr 17, 2011 10:09:15 PM EDT] InvestorsLive off 1 PC
[Apr 17, 2011 10:09:21 PM EDT] Trader7595 how
[Apr 17, 2011 10:09:23 PM EDT] InvestorsLive if mother board can support it
[Apr 17, 2011 10:09:35 PM EDT] Trader7595 I could never get them to work together well
[Apr 17, 2011 10:09:36 PM EDT] jbourb10 thanks
[Apr 17, 2011 10:09:46 PM EDT] Trader7595 I had to buy 4 monitor card
[Apr 17, 2011 10:09:53 PM EDT] dogfooddog matrox has an 8-monitor pcie card now
[Apr 17, 2011 10:09:58 PM EDT] InvestorsLive yea
[Apr 17, 2011 10:10:06 PM EDT] dogfooddog so you have 3 pcie slots, you are good to go for 2 dozen
[Apr 17, 2011 10:10:12 PM EDT] dogfooddog of coursecard is like 2k
[Apr 17, 2011 10:12:25 PM EDT] pkto hey IL, how did you get dastrader charts to have those 1-2-5-10-15-etc buttons at the top? http://img852.imageshack.us/img852/6633/gtxi.png
[Apr 17, 2011 10:13:17 PM EDT] InvestorsLive i dunno upgrade ur old platform?
[Apr 17, 2011 10:13:40 PM EDT] jbourb10 favorite broker for penny stocks?
[Apr 17, 2011 10:15:28 PM EDT] InvestorsLive SpeedTrader
[Apr 17, 2011 10:16:38 PM EDT] Derffie virtual screens work as well as actual monitors imho.. you have to take a second to focus on each monitor .. just the same as the second it takes to click up a different virtual screen
[Apr 17, 2011 10:17:05 PM EDT] jbourb10 how bout for shorting pennys? speedtrader also?
[Apr 17, 2011 10:17:10 PM EDT] InvestorsLive IB
[Apr 17, 2011 10:17:35 PM EDT] jbourb10 k thanks
[Apr 17, 2011 10:19:05 PM EDT] djmadfx anything else good for shorting?
[Apr 17, 2011 10:20:23 PM EDT] C2CFinancial im watchin LEXG like a hawk this week left 8k + on the table….need to get some of that back!
[Apr 17, 2011 10:21:51 PM EDT] jbourb10 thanks all
[Apr 17, 2011 10:21:52 PM EDT] InvestorsLive Broad street has been good latley
[Apr 17, 2011 10:21:55 PM EDT] InvestorsLive IB good
[Apr 17, 2011 10:21:58 PM EDT] InvestorsLive IB best
[Apr 17, 2011 10:23:05 PM EDT] djmadfx it’s just the $10k minimum with IB which isn’t so great… i guess that’s why the borrows are still great there
[Apr 17, 2011 10:29:31 PM EDT] -war- later all, thanks for the seminar IL
[Apr 17, 2011 10:30:09 PM EDT] InvestorsLive later man
[Apr 17, 2011 10:30:13 PM EDT] InvestorsLive http://www.investorsunderground.com/2011/04/17/scans-for-041511-from-InvestorsLive-2/
[Apr 17, 2011 10:30:36 PM EDT] InvestorsLive http://www.investorsunderground.com/2011/04/17/scans-for-041811-from-InvestorsLive/
[Apr 17, 2011 10:30:42 PM EDT] InvestorsLive both work
[Apr 17, 2011 10:30:44 PM EDT] InvestorsLive but 2nd date right
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