Seminar Prep: Send in Questions for 8PM EST April 22nd!

by | Apr 19, 2012

It’s that time again … Seminar Sunday!

We have over 350 in chat now and I know there is going to be some new traders who want to know how the heck to I follow along????

I know there are going to be some new traders who are too lazy to review the new member page, most importantly reviewing HOW TO TRADE THE CHAT ROOM and the power point to go along side it … BUT I’m requiring you read it prior to attending Sunday! Why not?

From there … ask away … ask any questions – charts this week, plays we had .. gains losses etc.

I’m going to go over some former runner and red/green plays because there was so many of them …. and scan literally prepared us for every single one of them … You know me, I’m not patting myself on the back saying I told you so … I don’t care about that stuff …. the importance here is WHY … WHY they went, WHY they were on radar and HOW we knew there was a HIGH PROBABILITY they’d be in play.

We’ll talk shorts, pumps, gearing/perking, ABCD etc you name it….

My desk just started getting built yesterday once it’s installed I’ll be figuring out my monitor situation and how I am going to go forward with the site regarding webinar style etc. I’d love to share a screen during the day – no not all my monitors and all that crap that everyone wants so they can just follow like a blind mouse and have no idea what they are doing and never learn anything – this room is about learning to anticipate the trades that’s why we built it the way we did and that’s why we run it the way we do … but rather I’d like to have some scans, charts etc

May 12-19th I’ll be on vacation (trading days Mon-Fri = the 14th through 18th) I’d like to have at least one webinar at least ‘test’ before then and get feedback and go from there. I also have about 4-5 websites I’m going to work on from other members in chat who are great assets to the room without ego’s – which is what we look for in moderators and people to “promote” to help members along the way – I plan to introduce a few per week so you can learn a little about who is behind the name and what types of trades they make. Everyone trades similar stocks but has their own way of doing it – my way isn’t the best for everyone, Muddy isn’t the best for everyone, offshorehunter maybe isn’t the best for anyone but learning from 3 people with what they like is what allows you to create a ‘solution’ that works for you. It’s all about molding a strategy ….

Take for example me, I NEVER used the HOD list … NEVER …. met Muddy started following him and now I can’t live without it … do I trade like him? Well… we trade the same things… but I don’t have patience … he does …  I like to nail the move and use more size, he’d rather get a massive move and play smaller …. BUT I took the HOD list and applied it to what I do … and molded my own strategy in addition to what I was doing previously ….

Anyway, enough babble …. that’s where we’re going …  Once I make the switch I will also take away the trial and raise prices. I don’t care about ‘quantity’ of members but rather quality. I’m here day in and day out whether you are or not – we have enough members, they love it … feedback is great and fact is .. what you can learn here for a small fee can pay you for a life time. I’d rather keep that community we have, keep the noise levels down and just really create something even better over the next year.

New members – Old Members …. Leave any and all questions for Sunday, we’re here …. we’ll help …. no question is a dumb question … (except if you ask me if I use bollinger bands and what min charts I use … given I cover that every seminar).

Trade well!

20 Comments

  1. Nate, could U explain how U get in and out of low floaters like the ones that were in play recently ? please explain your execution process ( how do U deal with the wider spread ? ) thanks

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  2. Hate, have heard you mention that ‘routes are locked’ on certain stocks (SNPK and FONR recently come to mind). What does that mean? What does it indicate? How important is it? Crucial or just something to be aware of?

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  3. Oh jeez, that should read “Nate”…

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  4. When you refer to “houses money” what does that mean?

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    • Houses money meaning the profits he already made, lets say he made 1.3k premarket. now the bell rings and day starts. he has 1,300 cushion to take on bigger positions due to having house money padding.

      Reply
  5. Hi,

    On some of your trades i see you using very wide stops (planned stops, not finally realized stops).
    For example today (friday 4/20): RENN entry around 7.17 (risk to around 7.50) , TISA entry 5.20 (sl 5.00), ECYT 7.7 (sl 7.5).

    This wide stops must give you bigger risk than reward on most of your trades.
    If I am wrong, could you explain please?

    Thanks.

    Reply
  6. I’ve noticed you go in big for 10 cents fairly consistently (RENN). What’s your scalping technique? How do you plan your entry/exit range? What are you looking for and which indicators do you follow? 

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  7. Got few questions:

    1.) How do judge risk of a stock? For example, penny pump/dump (SNPK) very high risk, low floats high risk, NASDAQ medium risk? 

    2.) Any suggestion how to fill limit order on stock which are highly voliatile in a minute? For example, I tried cover MLNX s/s for profit 2 times with limit order but price jumped too much in sec. I know there other stocks (like maybe SINA, SHLD, MCP) which have large variation with second where you either get gain or loss.

    3.) What was plan for ECYT today (Friday Apr. 20th)? I could see initial red/green when I entered as long signal. But after it went red it looked like clear fade so I exited before you.

    4.) Today (Friday), I seemed to be reading MLNX pretty well. If had taken my s/s or long ideas I would been green today. But held back to fear of crazy MLNX runing other way like Thursday. Should I have just calmly taken these MLNX trades or maybe a dose of fear of trading MLNX is good here.

    Reply
    •  You should read Trading in the Zone by Mark Douglas.  He talks about behavioral dynamics in trading.  Being wrong on one trade should not affect your next one.  If you fear trading a certain stock, try moving onto the next one that has a better risk/reward ratio.  

      Reply
  8. I would like to know how you fore see things. I know its not all the time but you’re fairly good at it. I know you’ve said its from experience etc but i would like to know what is some of your indicators, if it may be L2, volume and price action is there anything specific you can shed some light on? that tip you off to making the good entry finding the bottom knowing when it peaked, knowing the magnetic number, or when a stock is about to wash out.

    I feel like i just need to look for a little more evidence to give me the go ahead to by the entry that i am already thinking about due to what i see in the trend.

    Reply
    • Are you referring to bounce plays? I covered this one for the past 4-5 seminars so won’t put it in seminar but … the fact is it takes time – you need to learn by watching over and over again and it’ll eventually click – it has to do with MMs, volume, level 2, time and sales, chart, and gut feel. There is no ‘answer’ on how to play it, it’s just something that comes easier over time – if this is not the question you meant if you could ask it in another way I’ll try to answer it better.

      Reply
  9. Can we cover SEFE, the evolution of this pump, what we can learn from it so far, and your plans to trade it now that its officially being promoted?

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  10. How can I better determine when it is time to exit a trade or when it is time to hold thru a little bounce/dip against me? Anything I should be looking for in order size, L2, volume etc. Thanks in advance

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  11. Since SEFE offically confirmed around 1.68, where do u think is the sweetspot for the first big dip like we see in all these promos. 2.50ish ?

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  12. SNPK dump and bounce was crazy.  I’m wondering why you didn’t play that 2nd bounce (off 75 cents) with more size?  I know some members like ModernRock banked huge, but you played relatively small.  Isn’t that why you were watching it day after day?  Looking to bounce that 50%+ drop?

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    • I did play, called both entries at dead bottom .755 check logs

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  13. Can you explain a little more about why the accumulation scan works?  I’m assuming that it is the promoters-to-be themselves that are actually accumulating prior to pumping the stock, and then they sell into the kool-aid drinkers after the pump has begun?  Is this correct?  Then how does a pump like SNPK work?  The promoters obviously didn’t have time to accumulate shares before the promotion started (or did they?).  Where did they receive shares?

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  14. How do you think the fact that SEFE has already been pumped for several weeks will affect the rest of the pump, if at all?

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  15. Got another question examining why I ended up negative on Friday. On Friday started with small profit, but then I played almost 7/8 more stocks but just didn’t get anywhere. Most of them fell from my entries and I ended up negative overall. I tired ton calls I saw XOMA, ECYT, SHLD, etc but missed 2 profitable ones LCC s/s and GSOC. Did just try too many plays, maybe stopped when I was ahead? Should I tried ever more plays to catch good ones?

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  16. How exactly do you read Muddy’s messages? On Friday he stated SPU 1.90, does it mean that it is a buy? the stock did go up after

    2) On Wednesday, Trader530 came up with HAUP news and right after that you shorted. Could you explain why you did that because i was thinking of going long since the news was positive?

    Reply

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