I need alot of money to support pretty college girls and stuff.lol no actually I am still in college and really do need money.I have about 3 k to invest but I dont know if its better to daytrade or buy penny stocks or what.I just know I need stacks of money just like everyone else of course.Thats the only reason I gamble with .0001 stocks.I figure I might as well do it while im young and I dont have many bills.Plus CWMF really did run,if I would of put my 3 k into that I would have about 25 k now.How can I go wrong with that?or is there something im missing?
Posted by BuyTex on :
gamble? Atlantic City is closer to you than Vegas...
invest?
You can't "daytrade" w/o $25k...
lol, you're missing nearly everything...
imho, first try to "get" the flavor of the board...admittedly, we're loosier and goosier on the weekend...
Posted by lilpennypincher on :
I WANNA' GO TO AC!!!!!!!
Posted by USFBRIAN on :
ok lol yea invest? what are your bright ideas then?and what is your advice sir?its easy to tell me im missing it but what would you suggest? Thanks good luck to you
Posted by BuyTex on :
zzzzz,
bad 'tude, sonny...
Posted by RagsToRiches on :
U are in the same position as me. LMAO.College is getting pretty expensive these days but be careful with what you do with your college money. Better to have what you have right now then to see it go down to 1500 and sweating through it to get it back to 3000. Go get a job.
Posted by RagsToRiches on :
penny stocks are not for amateurs!
Posted by RagsToRiches on :
University of San Francisco? What major?
Posted by USFBRIAN on :
University of South Florida lol. International Relations major.
Posted by RagsToRiches on :
hahahaha
Posted by USFBRIAN on :
also funny I made 1000 trading fuel and mpet and I didnt have 25,000!
Posted by jdog006 on :
Brian BuyTex has volumes of knowledge about stock trading inside his head. I bet he would give you good thoughtful answers to any questions that you ask.
It sounds like you haven't opened an account with a broker yet if you haven't heard that you need 25K to day trade. A cash account has other limitations also. It's not as easy as buying at a given price and selling 20 minutes later when it goes up 3 ticks. AND in my experience more stocks go down that go up....lol but it's true,
Read up on everything you can find about the market, charts, indicators, penny stocks, market makers, etc.. It's not easy. If anyone could just throw 3K at the first crappy stock they run acroos we'd all be millionairs. I'm not trying to be snooty. I'm just warning you that you are setting yourself up to lose it all. If you knew how much money people here lost when they first started trading you would undoubtedly reconsider your current plan.
Posted by lilpennypincher on :
RIC!!!!!!!!!!!? HELP THE GUY OUT!
LOL DIANA!!!!!!WHERES THAT WONDERFUL POST YOU MADE A WHILE BACK?!!!!!!!!!!
darn.....I've got to start saving more stuff...LOL
BUY low......Sell high.....Don't get greedy like I did on GRDX......LOL
The Texan is right....Can't daytrade without 25K..SWING TRADE.....Buy low sell on the run. DON'T THINK OF INVESTING IN ANY PENNY.
I have PEG for that......OUCH that's RED! BUT.....Over all......UP BIG!
Posted by Livinonklendathu on :
quote:Originally posted by USFBRIAN: ok lol yea invest? what are your bright ideas then?and what is your advice sir?its easy to tell me im missing it but what would you suggest? Thanks good luck to you
I believe he said to try and get the flavor of the board. That indeed was a **bright** idea.
Read the many plays here, sit back and watch a while and paper trade if you wish. See how and when the pros here get in and get out. DD everything, don't take anyones word for it. Diving into the pennies with an attitude will leave you broke and still with an attitude. Welcome, you can make bank here if you are so inclined.
Posted by USFBRIAN on :
I have lost many times already myself.OK so what is the actual definition of daytrading because I buy stocks in the morning and sell them before the day is over.I do not have 25 k I have 3 k in my fidelity account.I consider myself a daytrader.So you guys are wrong there!!! So what price range would you suggest to buy at to swingtrade?
Posted by RagsToRiches on :
buy at the 52 week low
Posted by lilpennypincher on :
OK here is Ric's post I saved. I know he has an updated one but, I think I was drinking that night so......Can't find it.....LOL
Anyone have that classic one of Diana's?
Ric Member
Member Rated: posted May 18, 2005 16:21 -------------------------------------------------------------------------------- Best two pieces of advice for pennies. 1) Don't let people convince you that a penny is a long hold. You will get burnt. Buy low, sell high, and never look back. 2) Due Diligence
DD for otcbb and pinksheets
Here is some of my favorite places to research for the best due diligence. I like doing DD and finding new places to look.
Try these two DD tools to be quick and good with your facts. At pinksheets in a matter of seconds under Company Info I can give you o/s, any r/s, company name changes, or planned changes and more. Quotetracker is a program you install on your computer. I wouldn't survive without it in a quick paced market. Tons of TA and FA with dd. Shoot pinksheets is my homepage on Firefox browser for quick reference. This is the first two places I go for fast due diligence.
www.pinksheets.com {Company Info tab is loaded with information} {SEC Filing Tab - wow} {News Tab - Pr's at your finger tips}
www.quotetracker.com - after you set it up add a symbol quickly then charts, news, research, and raw data at your finger tips. Great charts.
DD is mainly knowing where to go.
FA – Fundamental Analysis
www.pinksheets.com - first place to look!!!! Go to Company info for o/s. r/s, name changes, and many other facts. Go to SEC tab to look for filings. News tabs for latest news that may not show up through normal wire service.
Timing your entry and exit from the market is critical to making money and controlling losses.
Posted by RagsToRiches on :
what i do is put in a limit buy at a very low price...if it doesn't execute...oh well....better to have what you have right now then to lose it.
Posted by USFBRIAN on :
What price range should I look at?
Posted by jdog006 on :
quote:Originally posted by USFBRIAN: I buy stocks in the morning and sell them before the day is over.I do not have 25 k I have 3 k in my fidelity account.I consider myself a daytrader.So you guys are wrong there!!!
Your account will be frozen if you do that more than 3 times in a 5 day period. You will not be allowed to trade any more. It is an SEC regulation. IT IS THE SAME FOR EVERYONE. I've told you on numerous threads now and I'm losing my patience. There is more knowledge here about the stock market than you could learn in 5+ years of constant study. Do you tell your professors that they don't know what they are teaching? You are talking to long-time traders that know their stuff. You are seriously out of line when you tell them that they don't know what they are talking about. I'm done trying to help you. I'm pretty sure that you have already screwed yourself out of any help that you might have found here with your childish attitude.
Posted by Monopoly Money on :
dont listen to these people, i x4 my money in my very first investment, you just got to do the DD first and know what the markets doing. Of course in my case i was extremely lucky because i just looked at a symbol and said okay i'll buy it at .008 ... 6 months later it was 3.5 so i did good on omog . But in all seriousness pennies is not joke to invest in you will lose all of your money in an hour and wonder what the hell happend. If i were joo id hold on to that 3 grand and go find a job that you get tuition reinbursement from and work there.
I work for Fed-ex so i get 3k back a year and im taking a load that most people would die from. Lets comepare notes 21 hours of college including physics, chemistry and calculus 1. 40 hours of work a week 2 hours of teaching karate once a week 1 hour of pilates for hip injury twice a week side job on anywhere from 2 to 5 hours once a week and inbetween all that i find time to goto the gym, goto the bar, study, and have time for a g/f.
but back to the advice at hand from experience and in a similar situation as you are in. Keep that money and get tuition reinbursement from a job that offers it like fed-ex. Or get a student loan. Dont risk money that you cant afford to risk, and i "KNOW" you cant afford to risk that money so dont even try it. If you do your a fool, and if your going to i got shares in a company i'll sell ya .
Get your education, work if you got too, get a load if you got to but dont waist your money in the pennies, or even in the blues, its not enough to cover what your needing and the pennies is too great a risk.
Best advice i can give from experience and in your situation. If you dont listen dont know what else to tell ya
Posted by Hektik1n on :
Dont mean to high jack this tread, but this is the most active part of the board so i thought i would ask this question here. Since we are giving advice.
Using Ameritrade: It takes 5 days if i deposte money into my account for funds to clear and be able to use my Cash balance to buy Non-marginable funds, is this correct? Is there anyway to speed up this process? Like to 3 days or have it ready the next day like if it was just cash balance?
Posted by Monopoly Money on :
you can wire the money, that gets it there faster within 24 hours, and sometimes same day, but you take a 5% hit.. someone correct me if im wrong here.
quote:Originally posted by Hektik1n: Dont mean to high jack this tread, but this is the most active part of the board so i thought i would ask this question here. Since we are giving advice.
Using Ameritrade: It takes 5 days if i deposte money into my account for funds to clear and be able to use my Cash balance to buy Non-marginable funds, is this correct? Is there anyway to speed up this process? Like to 3 days or have it ready the next day like if it was just cash balance?
Posted by RagsToRiches on :
trust me, save yourself the stress and you'll make more money having a job then staring at a computer doing research on almost bankrupt companies. Penny stocks are only for people who lost money from initially trading in the first place and are trying to recover it. :-)
Posted by jdog006 on :
quote:Originally posted by Hektik1n: Dont mean to high jack this tread, but this is the most active part of the board so i thought i would ask this question here. Since we are giving advice.
Using Ameritrade: It takes 5 days if i deposte money into my account for funds to clear and be able to use my Cash balance to buy Non-marginable funds, is this correct? Is there anyway to speed up this process? Like to 3 days or have it ready the next day like if it was just cash balance?
Have you added extra funds to your account or just your initial deposit? I don't know about ameritrade but choicetrade holds your initial deposit for 10 days (you can get around this by faxing them a cancelled check) and future deposits show up the next day.
Posted by Ric on :
Do you want my big one lol?
Posted by RagsToRiches on :
I believe it costs 30 dollars to wire money, at least for Scottrade. But if you write a check to your nearest broker branch, it costs nothing. I do checks both way. :-)
quote:Originally posted by Monopoly Money: you can wire the money, that gets it there faster within 24 hours, and sometimes same day, but you take a 5% hit.. someone correct me if im wrong here.
quote:Originally posted by Hektik1n: Dont mean to high jack this tread, but this is the most active part of the board so i thought i would ask this question here. Since we are giving advice.
Using Ameritrade: It takes 5 days if i deposte money into my account for funds to clear and be able to use my Cash balance to buy Non-marginable funds, is this correct? Is there anyway to speed up this process? Like to 3 days or have it ready the next day like if it was just cash balance?
Posted by Monopoly Money on :
I WANT IT I WANT IT!!!
Posted by Ric on :
Things you need to know
Best two pieces of advice for pennies. 1) Don't let people convince you that a penny is a long hold. You will get burnt. Buy low, sell high, and never look back. 2) Due Diligence.
Two things that you must learn about charts immediately is RSI and Bollinger Bands. They are so important. Now there is so much you can learn in charts that will help you make choices but I consider the above the most important things to learn for any investors. RSI will let you know if there is buying pressure or selling pressure. It will also confirm a run. Bollinger Bands also show price pressures and are used to support other indicators. There are links below under TA for education on understanding charts.
Relative Strength Index
Definition:
Relative Strength Index (RSI), an oscillator introduced by J. Welles Wilder, Jr., could be more appropriately called the internal strength index, for it compares the price of a security relative to itself. The RSI is based upon the difference between the average of the closing price on up days vs. the average closing price on the down days over a given period, and is plotted on a vertical scale of 0 to 100. An oscillator refers to a momentum or rate-of-change indicator that is usually valued from -1 to +1 or 0% to %100.
Wilder advocated a 14-day RSI, although shorter and longer periods have gained popularity when the market exhibits certain characteristics. Generally, RSI is measured in a period between 5 and 25.
Interpretation:
There are several possible interpretations for the Relative Strength Index, any of which can be very powerful depending on the market conditions and trading/investment approach: One interpretation is that buy signals are triggered when RSI is in oversold (20-30) area, potentially meaning that the stock is about to reach its low for this trend, and sell signals are triggered when RSI is in overbought (70-80) area, potentially signaling a market top.
A second mode of interpretation is to look for support and resistance lines or common chart formations such as head and shoulders in the RSI itself, indicating potential reversals that the stock chart may not.
A third mode of interpretation is to recognize divergences in the RSI, such as when the price is moving up when the RSI is moving down or vice versa. This can mean that the price is going to "correct" and move in the direction of the RSI.
A fourth mode of interpretation for the RSI is to view it as a bullish or bearish signal when it crosses 50. When the RSI crosses above 50 it can be considered bullish, and when it crosses below 50 it can be considered bearish.
Bollinger Bands
Definition:
Investors use trading bands, lines drawn above and below the moving average, to isolate a range of prices for a given security, based on the concept that a stock generally trades within a predictable range on either side of the moving average. When a stock is near the upper or lower limits of the trading bands is when an investor should pay closest attention, according to conventional wisdom.
Bollinger Bands are considered some of the most useful bands in technical analysis, for they vary in distance from the moving average of a security's price based on the security's volatility. During periods of increased fluctuation, the bands widen to take this into account, and when the fluctuation decreases, the bands are tapered for a narrower focus to the price range. The upper band is the standard deviation multiplied by a given factor above the simple moving average, and the lower band is the standard deviation multiplied by the same given factor below the simple moving average.
Interpretation:
The standard interpretation is that Bollinger Bands do not give absolute buy and sell signals, but instead indicate whether the price is relatively high or low, allowing for more informed confirmation with other technical indicators.
Bollinger Bands are typically drawn two standard deviations from a twenty day simple moving average for intermediate-term analysis, ten day for short term with 1.5 standard deviations, and fifty for long-term studies with 2.5 standard deviations. According to John Bollinger, for the most accurate average "choose one that provides support to the correction of the first move up off a bottom. If the average is penetrated by the correction, then the average is too short. If, in turn, the correction falls short of the average, then the average is too long. An average that is correctly chosen will provide support far more often than it is broken."
Mr. Bollinger also contends that:
Sharp moves tend to occur after the bands tighten to the average, when a stock is less volatile. The greater the period of less volatility, the higher the propensity for a price breakout.
When the price hits the upper or lower bands, it is suggested to confirm with other indicators whether that price movement shows strength or weakness, respectively, which could indicate a continuation. If indicators do not confirm this movement, it can suggest a reversal.
Tops or bottoms made outside the bands, followed by the same inside the bands, indicate a trend reversal.
A move originating at one band tends to go to the other band.
"Resource from IQCharts"
DD for otcbb and pinksheets
Try these two DD tools to be quick and good with your facts. At pinksheets in a matter of seconds under Company Info I can give you o/s, any r/s, company name changes, or planned changes and more. Quotetracker is a program you install on your computer. I wouldn't survive without it in a quick paced market. Tons of TA and FA with dd. Shoot pinksheets is my homepage on Firefox browser for quick reference. This is the first two places I go for fast due diligence.
www.pinksheets.com {Company Info tab is loaded with information} {SEC Filing Tab - wow} {News Tab - Pr's at your finger tips}
www.quotetracker.com - after you set it up add a symbol quickly then charts, news, research, and raw data at your finger tips. Great charts.
DD is mainly knowing where to go.
FA – Fundamental Analysis
www.pinksheets.com - first place to look!!!! Go to Company info for o/s. r/s, name changes, and many other facts. Go to SEC tab to look for filings. News tabs for latest news that may not show up through normal wire service.
www2.barchart.com - after you enter stock symbol select opinion to see trend spotter
www.otcbbtrader.com – otcbb loser/winner by volume, price, shares, transaction, and more
Timing your entry and exit from the market is critical to making money and controlling losses.
These are MM signals. 100 > I need shares 200 > I need shares badly but dont take it down to get them. 300 > Take the price down to get shares.... 400 > Trade it sideways based on Supply and Demand 500 > Gap one way or the other, usually to the direction of the 500 trade. Sometimes -if in the middle -keep the price right where it is.
Posted by Monopoly Money on :
OOO i feel so much smarter now
Posted by Hektik1n on :
I added extra funds. It usually takes 5 business days using ameritrade for it to turn into Non-marginable funds. Although it shows up the next day and is avalible to use, just not Non-marginable funds. Which most of these stocks are
Posted by USFBRIAN on :
gees jdog thats real nice.your calling all sorts of names and havin arge reation becuase I told you your wrong.Juts becuase you have been on the board longer and have been trading longer does not mean I have to agree with everything u tell me.I am sure there are lots of other people here that know how to take constuctive criticism and are willing to help me without calling me names but thanks anyway.bahahahaZ
Posted by Ric on :
Trends
Pennies are all about volatility and trends. The only reason to look at a 6 month chart or longer is to see the overall trend of the stock. Is it going up, down, or staying the same with little bumps in the road. Look for peaks and valleys and do they happen on a regular basis. If so then look for a bottom and buy then sell at the top and wait for the next valley.
Never let people tell you after a run that it will run again. That rarely happens. Usually after a run it slowly drops back down. Never average down. Sell and buy back at bottom. Holding until bottom never makes you money, it only makes your loses harder to bare.
Longs in a penny stock want you in so they give you the pretty picture. They hope they can get enough new investors to make their stock move and it won't until the stock is ready. Learn to follow trends and how to find the bottom plays. Usually if a stock has more then a couple pages then the stocks has already done something and hope is what keeps the thread going of it moving again.
Be smart, think, learn, and research.
The .20 rule
I study patterns and trends. I use charts with fundamentals to try and figure where stocks can go. I have been on this board for nearly 2 years now and studied pennies in depth for more then 5 years. I have found some very interesting facts beside learning the hard way to never hold a penny long term. But one fact that I have found is stead fast. Now this rule does not apply to a stock that was over 20 cents and fell below 20 for some reason. This only applies to subpennies that finally break into the penny range and run.
Pennies rarely ever break .20 (fast run may go to .22 but rare). This has worked for so many of the so called pennies going somewhere. The pennies that longs claim will go to a dollar but never do. Like GZFX, TCFT, ONEV, HISC, and many more. When they were in there prime they all stopped before the magic number of .20. Not sure why but its true. This is a hard wall. There is soft walls at .002 and .02 also. They are easier to break but if you look at runs they seem to die right before these numbers.
But as for the hard wall of .20, I have only seen it broke few times since playing in this market. Not to say that it never happens and I didn't see it but it is real rare. Usually it happens was to reverse mergers. This rule does not apply to stocks that were higher then .20 at one time and dropped below that price.
Once one runs to .18 -.20, it seems to drop to .10-.12 and jump back to .18 a couple times before settling at .14. Then it will slowly over time sink back below .10. This pattern holds true. Just a heads up for those that think this will gap hard Monday and run. Trust me on this one but saying that Murphy's law will try and prove me wrong, lol.
The blame game
Part of the problem is blaming the shorters while holding the stock. Naked shorting is bad and hurting the market thats true. But does it really matter as far as an investment is concerned? The reason I say that is a smart investor sells a stock going down and buys one going up. No matter the reason, if a stock is on a downward trend then sell it. Buy one on a upward trend or at bottom. If it turns down, sell it and buy another. Because for every stock going down there is one going up. So why blame something you can't change, at least right away. Buy low and sell high and move on. Pennies are manipulated and you will never make money complaining about it. You make money using the manipulation to your advantage.
Manipulation happens on all kinds of levels in this market. Be it NSS, dilution, bashing, or pumping. Pennies are full of it. But sitting there saying that bashers only bash good stocks so I am buying more only makes your loses that much greater. Because everytime I hear that all I ever see is a continued downtrend. Everyone needs to stop blaming the cause and invest wisely. If you want to stop NSS or other forms of manipulation thats great. But don't hold the stock for loses while you do it.
Posted by Monopoly Money on :
Kid, in order for it to be constructive critizisim you have to know what "YOUR" talking about. You have demonstrated you don't, therefore have no grounds to critisize anyone on this board, even someone as new as myself *relatively speaking* We gave your our advice, its up to you to decide your best course of action. If you want someone to tell you to "BUY THIS STOCK" get a real broker and not a virtual one.
quote:Originally posted by USFBRIAN: gees jdog thats real nice.your calling all sorts of names and havin arge reation becuase I told you your wrong.Juts becuase you have been on the board longer and have been trading longer does not mean I have to agree with everything u tell me.I am sure there are lots of other people here that know how to take constuctive criticism and are willing to help me without calling me names but thanks anyway.bahahahaZ
Posted by RagsToRiches on :
i guess when you start a topic, giving away the tricks and trades of daytrading, you piss the off some people trying to make money off others.
Posted by jdog006 on :
I don't deserve any respect from you but you have dissed on a few people who do. I'm no guru but you have disrespected a few gurus. When you are asking someone for help or advice, don't tell people that they don't know what they are talking about when they offer it.
Posted by Monopoly Money on :
I agree but i like what i said beter
quote:Originally posted by jdog006: I don't deserve any respect from you but you have dissed on a few people who do. I'm no guru but you have disrespected a few gurus. When you are asking someone for help or advice, don't tell people that they don't know what they are talking about when they offer it.
Posted by jdog006 on :
I like yours too Monopoly
Posted by Monopoly Money on :
Thanks, 5 stars for joo Posted by jdog006 on :
5 right back pal
Posted by lilpennypincher on :
quote:Originally posted by Ric: Do you want my big one lol?
OOOhhhhhhhh......Baby! and it was gooooooood! Saving that one!
Posted by Rex on :
Hektik1n, I ran into the same thing with my Ameritrade account last week. If you call them they will place a trade for you over the phone as a courtesy, at least the first time anyway, earlier than the 5 day waiting period. He did mention they were working on speeding up the process in the future for what it's worth.
USFBRIAN - QBID all the way. lol.
Posted by RagsToRiches on :
USF needs some stars, he has 1 star :-)
Posted by Monopoly Money on :
OOOPS meant to say *OHHH MY FRESHMAN EARS*
quote:Originally posted by lilpennypincher:
quote:Originally posted by Ric: Do you want my big one lol?
OOOhhhhhhhh......Baby! and it was gooooooood! Saving that one!
Posted by RagsToRiches on :
I think LittlePennyPincher invests in Qbid
quote:Originally posted by Rex: Hektik1n, I ran into the same thing with my Ameritrade account last week. If you call them they will place a trade for you over the phone as a courtesy, at least the first time anyway, earlier than the 5 day waiting period. He did mention they were working on speeding up the process in the future for what it's worth.
USFBRIAN - QBID all the way. lol.
Posted by lilpennypincher on :
Sorry M.M. LOL
Feel like I need a smoke now.....LOL
Posted by Monopoly Money on :
hahhahahaha ohhh how i love this board
quote:Originally posted by lilpennypincher: Sorry M.M. LOL
Feel like I need a smoke now.....LOL
Posted by USFBRIAN on :
Gees sorry for trying to chat with you fellas a lil bit.
Posted by lilpennypincher on :
swing Q Rags....I only invest in my PEG and IRA's......
Posted by lilpennypincher on :
Oh Brian,,,,,welcome!!!! And I'm no Fella'......LOL
Posted by RagsToRiches on :
it is usually quiet in here over the weekend, but at least we got something to talk about. LOL.
Posted by USFBRIAN on :
Sorry if I offended anyone.I will be the first to admit I need help.I will not step on any veterans toes again ok?Anyway a few questions.Are you guys sure I cant make more than 2 trades in 5 days?lol Also what price range do you guys suggest I trade at for swing plays?and for charts do I need anything special or will any chart work?
Posted by RagsToRiches on :
In that case, forget my comments about qbid
quote:Originally posted by lilpennypincher: Oh Brian,,,,,welcome!!!! And I'm no Fella'......LOL
Posted by jdog006 on :
quote:Originally posted by USFBRIAN: Gees sorry for trying to chat with you fellas a lil bit.
People on this board are awesome and know TONS of info Brian. Try to show a little humility and you'll be OK. Don't start feeling too dejected. If you ask a sincere question you will get very educational answers. Just remember that you are the student when you are asking for direction.
Posted by USFBRIAN on :
lol oh sorry lil pennypincher.
Posted by Monopoly Money on :
no you were looking to make a quick buck on others knowledge, chatting had nothing to do with it. Which one can admire your audacity, but at the sametime laugh at the stupidity of it by not taking in account your audience. *Learning arguement in English class, breaking out the big words* Had you not started to belittle people here you might have gotten a more receptive response. I still content that you find a job with tuition reinbursement or get a student loan, which i am doing both. Investing in penneis with a need on the money you got is stupid.
SUPER SUPREME MEGA RULE NUMBER 1 DONT INVEST WITH MONEY YOU CANT AFFORD TO LOSE!!!!!!!!!
that being said i hope you listened to the advice and not do the stupid thing like so many people in the pre/post 20 years of age kids do.
quote:Originally posted by USFBRIAN: Gees sorry for trying to chat with you fellas a lil bit.
Posted by lilpennypincher on :
LOL Rags....... Brian, Stockcharts is a good place for charts. Microcap is great for streaming news and filters. Alphatrade has L2's for penny's and pinks. prophet. net has great intraday charting.
I like all price ranges, the key is VOLUME....and VOLUME with not too high O/S or float...Other wise, you can have all the volume in the world and it AIN'T GOIN' NO WHERE!
Gotta' have the Mo for it to go!!!!!
Posted by lilpennypincher on :
LOL, M.M. Sound like me talking with my Son. He's away at college and now beginning to trade...BUT!!!! Calls......MOM I NEED CASH..... I tell him.....Hey' you're a hot shot trader now.....MAKE BANK! LOL
Posted by Hektik1n on :
Someone on the first page said buy when the stock is at 52 week low.. You guys talking about these pinksheet stocks or any stock for that matter that looks good? I thought its not good to hold these stocks?
Posted by Ric on :
Heres one from another great veteran.
By: realityinc21
PRICE IS CONTROLED BY THE PSYCHOLOGICAL TRAPPINGS OF THE MARKET.
Stage 1 - Accumulation. Stock is quiet, trading sideways and without a lot of volatility. Most everyone ignores the stock because it has no sizzle. Insiders hold large blocks of stock and quietly gear up for the distribution.
Stage 2 - Breakout. Volume jumps up, psychological barriers are broken. Insiders begin to tell their friends of upcoming significant fundamental change. Pros take notice and buy the stock on the coat tails of the well informed. The public ignores it because they have not read about the company in the paper yet. It must be a scam.
Stage 3 - Uptrend. As a larger audience learns of the company and its promise, more buying comes in to the stock and it begins to climb. Pros begin to sell, but slowly. Average investor begins to buy.
Stage 4 - Pullback. The stock has gone up too fast, and some profit taking arrives. The jumpy investor who got the entry timing right but lacks confidence in his or her decision sells the stock with a small profit, and smiles in the mirror. The Pro holds on, Average Investor looks through the newspaper to find justification for ownership of the shares.
Stage 5 - Resumption of the Uptrend. The pull back is short lived, and the stock bounces and continues higher. The wannabe regrets the sell, but provides self counsel on the merit of making a profit, albeit a small one. The Pro might sell a little bit more, but still holds the majority of the original position. The Average Investor is getting excited now, and thinks about what could have been if only he had bought when he first noticed the stock.
Stage 6 - Exhaustion of the Uptrend. The media takes notice, and communicates the company's merits to the masses. The masses buy the stock, and it goes up sharply with strong volume. The Pros sell with enthusiasm. The Average Investor owns it now, and is telling everyone who will listen. The wannabe Pro jumps back on, after all, he was smart enough to buy it when the trend started, so he knows the stock well. Will hope make it go higher?
Stage 7 - Gravity Works. Pro selling begins to weigh on the uptrend, and the stock fails to go higher despite high volumes. The stock starts to go down instead of up, and the Pro is almost sold out. The Average Investor continues to cheer lead, hoping to rally support. The wannabe ignores what the market is telling him, taking a loss is too painful to consider. The company is featured on the cover of a magazine.
Stage 8 - The Second Guess. The stock bounces and starts to go back up. The wannabe Pro averages down while the Average Investor gets back to advising friends of his stock picking acumen. Pros sell their remaining holdings and begin to look for another deal to play, or perhaps start short selling the stock.
Stage 9 - Out of Gas. The bounce is a fake out, and the stock moves lower again. The public own this stock, and they have no more power to buy. The Pro are making money on the short sales now, but are despised by the masses. Calls for short selling to be made illegal are made by the Average Investor, after all, the short sellers are the demons causing the sell off.
Stage 10 - Dead Cat Bounce. The Average Investor and the wannabe Pro have no pain tolerance left, and finally sell for a big loss. The short selling Pros are the only buyers to take the share off their hands, and provide the needed liquidity. The stock bounces, and some short term traders make a quick profit. The Average Investor either swears to never buy a stock again, or tells lively stories over drinks about the one that could have been.
Stage 11 - Post Mortem. Pros have forgot about the stock and are considering carpet samples for their new home in Florida. Average Investor continues to follow the company and buys loads of cheap stock to try and overcome the regrettable loss.
The stock market is mean. You can be a good analyst, but if you can't overcome the psychological traps of trading, you will do what the crowd does. To be successful, you have be one step ahead of the crowd, and trade with unemotional discipline. There are strategies to take advantage of each stage of the market cycle that can be applied just by looking at a stock chart. They just require a bit of knowledge.
EVERYDAY FOR THE 30 DAYS READ THIS 10 TIMES A DAY. ASK YOURSELF 10 TIMES A DAY "WHAT KIND OF TRADER AM I GOING TO BE??" AM I GOING TO BE A CRYING WHINNING LITTLE BITCH OR AM I GOING TO SHAKE IT OFF?? AM I GOING TO BUY TO HIGH BECAUSE I DO NOT KNOW HOW TO READ A CHART OR AM I GOING TO F-ING LEARN HOW TO READ A CHART?? AM I GOING TO BE THE ENTERTAINMENT FOR THIS BOARD OR AM I GOING TO GO THE LIBRARY AND CHECK OUT ALL THE BOOKS THAT I CAN READ ON DAY TRADING AND INVESTING AND STOCK CHARTING. AM I GOING TO LEARN HOW TO DO MY OWN DUE DILLIGENCE OR AM I GOING TO BUY ON THE RECOMENDATION OF PEOPLE FROM THIS BOARD??(IT IS PRETTY OBVIOUS THAT IS WHAT HAPPENED )THEY WERE GREAT RECOMENDATIONS BUT YOU WERE ABOUT 5 STEPS BEHIND. IT LOOKS LIKE BY THE TIME YOU WERE BUYING EVERYONE ELSE WAS SELLING. AM I GOING TO TAKE THIS LAYING DOWN OR AM I GOING TO GET MY G--D D--M MONEY BACK. NO ONE HERE CAN MAKE THOSE CHOICES FOR YOU!! MAY SEEM LIKE I AM BEING A COLD HEARTED BITCH BUT THIS THE REAL WORLD BABY. THE QUESTION YOU HAVE TO ADDRESS RIGHT THIS MINUTE IS..AM I GOING LEARN ON THE FLY OR AM I GOING TO BACK IT UP AND LEARN ABOUT WHAT THE F--K I AM DOING?? YOU DOVE IN HEAD FIRST NOW YOU HAVE TO LEARN HOW TO SWIM. IF YOU ARE NOT WILLING TO LEARN HOW TO SWIM--BAIL AND TAKE YOUR LOSS. DAY TRADING IS TIME CONSUMING. I WOULD VENTURE TO SAY THAT MOST OF THE PEOPLE ON THIS BOARD SPEND 5 TO 10 HOURS A DAY RESEARCHING-CHARTING-READING SEC FILINGS-GOING OVER FINANCIALS--READING NEWS RELEASES--COMMUNICATING WITH OTHER TRADERS ON STRATAGIES--THEN FINALLY BUYING--THEN THE SAME PROCESS BEGINS FOR THE EXIT. IT MAY NOT SEEM LIKE IT RIGHT NOW BUT I AM TRYING TO HELP YOU. AS WILL OTHERS ON THE BOARD. SUGAR COATING THE FACTS WILL NOT HELP YOU. YOU NEED A GOOD DOSE OF REALITY AND I JUST GAVE IT TO YOU!! IE REALITY INCORPORATED.... THE ONLY CONSOLATION THAT I CAN GIVE YOU IS: I HAVE BEEN IN YOUR SHOES. AFTER OVER 20 YEARS OF DEALING WITH THE MARKET I STILL WAS NOT PREPARED FOR THE DEPTH OF DAY TRADING. I LEARN NEW THINGS EVERYDAY AND MAKE MISTAKES EVERYDAY. AFTER 4 YEARS OF MAKING AT LEAST 5 TRADES A DAY I AM A NEWBIE JUST LIKE YOU. IT IS A PROCESS. WELCOME TO DAY TRADING AND GOOD LUCK WITH YOUR CHOICES. REALITY INCORPORATED ESTABLISH A SET OF TRADING RULES THAT WORK FOR YOU. THESE ARE MY RULES. YOU HAVE A ADAPT YOUR OWN. MAYBE THIS WILL GIVE YOU SOME GUIDELINES TO GO BY.
MY PENNY STOCK RULES:
1. I never buy on impulse or get emotionally attached to a penny stock--think LOGIC--I buy it, I sell it, I make money and I rarely look back.
2. I never buy a stock JUST because I like it or worse someone else likes it.
3. I rarely buy a micro penny stock trading under a volume of 50,000 mil--80 to 100 mil is better (always remember there has to be buyer for every stock you buy)..
4. I rarely hold a micro penny stock over night...My definition of micro penny is under .10 cents ..Rarely over a weekend..NOTICE I SAID RARELY. THERE ARE SOME STOCKS THAT HAVE A BUILD UP AND IF THE VOLUME IS GOOD AND I FEEL CONFIDENT ABOUT MY DD I WILL HOLD IT FOR THE RUN. At $7.00 to $10.00 a trade I can buy and sell it every day on news or hype or earning whatever. .(THAT'S WHY IT'S CALLED DAYTRADING)
5. I never buy a penny stock on the way up. IE CHASING I watch the pre market trading and set a buy price and a sell price and stick to it (missed out on NEOM by sticking to my rules--I noticed it at .11 and refused to buy to high) UPSIDE IS I DO NOT HOLD 500,000 SHARES OF NEOM AT.43 CENTS---DOWNSIDE I DID NOT MAKE 50,000 DOLLARS. I DID MAKE A COUPLE OF GRAND BY PLAYING THE GAP AFTER THE RUN. IF YOU MISS THE RUN PLAY THE GAP. LIKE THE MAN SAID--THERE IS ANOTHER STOCK JUST WAITING TO BE BOUGHT.
6. I never think about GETTING RICH OR RETIRING on penny stocks..My goal is to make $200.00 a day and not lose my original investment. Most often I exceed my goal. (When I lose money it is usually because I have not followed my own rules)
7. I never ride a stock down--I will sell it and re-buy it. EXAMPLE: BOUGHT CTKH AT .002 AND .0022. SOLD HALF AT .0046. SOLD HALF OF THAT HALF AT .0069. IT STARTED GOING DOWN AND I BAILED OUT AT .006. BOUGHT AGAIN TODAY AT .0032. LOGIC-DO YOU ACTUALLY BELIEVE MUTUAL FUND MANAGERS WOULD HAVE HELD ONTO IBM IF IT DROPPED 50%?????--(WELL SOME WOULD) LOL I THINK NOT..RIDING A STOCK DOWN IS LIKE THROWING 50% OF YOUR MONEY OUT OF A CAR WINDOW AT 75 MILES AN HOUR AND HOPING IT FLIES BACK TO YOU. OR BETTER YET "IF YOU LOVE IT LET IT GO--IF IT LOVES YOU IT WILL COME BACK TO YOU". THATS BULL****--IF IT LOVED YOU IN THE FIRST PLACE IT NEVER WOULD HAVE LEFT.....I have actually bought and sold the same stock 3 times in one day. ATNG WAS A RECENT 3 TIME BUY AND SELL. BOUGHT AND SOLD IBZT 3 TIMES ONE DAY. (not usually but it does happen).
8. I never insult or bash another fellow trader..I respect other people's trading methods. I LEARN FROM THEM. What the hell--It's not my money.....( It's not like they are setting on third base at a black jack table and take a hit on 15 and the dealer has a 6 showing and I have $500.00 dollars riding on that hand). I DO LISTEN AND LEARN AND BENIFIT FROM THEM.
9. I never trade with MONEY that I am not willing to lose.
10. I follow the market and market trends (not just the stocks)
11. I never buy a stock without reviewing, analyzing and understanding the charts. I learned how to read charts and believe in them...They do not lie..I MAY NOT KNOW WHAT THEY MAKE OR PRODUCE OR SELL WHEN I BUY IT BUT I DO REVIEW THE CHARTS ON THE FLY AND PUT IN A BUY ORDER FOR SMALL AMOUNT TO GET IN THE DOOR. MOST TRADERS KNOW WHEN A RUN IS COMING AND HAVE ALREADY DONE THE DUE.
12. I never get gambling and investing confused. I INVEST IN REAL ESTATE...MY BUSINESS...SMALL,MEDIUM AND LARGE CAP STOCKS WITH A HISTORY-MANAGEMENT TEAM-FINANCIALS--ASSETS--CASH--ETC..30YEARS+ GROWTH AND INCOME MUTUAL FUNDS WITH 12% OVERALL GAIN IN GOOD AND BAD TIMES (THEY ARE PROFESSIONALS AND THAT IS THEIR JOB). I GAMBLE WITH PENNIES.. MY DEFINITION OF PENNIES IS ANYTHING UNDER $5.00.
13. I always take 50% of earning from each week and e-transfer into INTEREST BEARING TAX account. THEN I LEARNED HOW TO INVEST THAT MONEY IN REAL ESTATE TO MINIMIZE TAXES. INCORPORATE, PROTECT AND SHELTER.
14. I ALWAYS TAKE MY ORIGINAL INVESTMENT OUT OF THE EQUATION WHEN IT IS FEASIBLE TO MAKE ENOUGH MONEY ON THE TRADE TO MAKE IT WORTHWHILE .IE..WHEN THE STOCK IS ON A RUN UP SELL PORTIONS AT AT TIME TO RECOUP ORIGINAL INVESTMENT. IF IT IS A STOCK I PLAN TO KEEP LIKE TFSM--I BOUGHT AT 1.06. AT 2.12 I WILL SELL HALF AND RECOUP INVESTMENT AND KEEP 5000 SHARES FOR FREE. HOPEFULLY THAT WILL BE THIS WEEK.
15. I ALWAYS HAVE FUN......ACTUALLY I HAVE A BLAST....
16. I LEARN SOMETHING NEW EVERYDAY...
17. I CAN'T SPELL, TYPE WELL OR USE PROPER GRAMMAR--AND I SWEAR LIKE A SAILOR..BUT IF YOU PUT A DOLLAR SIGN IN FRONT OF IT---I WILL FIGURE IT OUT.......THAT CERTAINLY DOES NOT MAKE ME STUPID..IT MAKES ME SMART BY RECOGNIZING MY LIMITATIONS. LEARN YOURS.
18. I ALWAYS MAKE MY OWN DECISIONS AND TAKE ALL RESPONSIBILITY FOR MY ACTIONS.
19. I LAUGH EVERYDAY..MOSTLY AT MYSELF AND SOMETIMES AT OTHERS...
20. LAST AND MOST IMPORTANT--THE MARKET HAS A RHYTHM--EACH STOCK HAS A RHYTHM--LIKE GREAT SEX--A RHYTHM..FIGURE OUT YOUR OWN RHYTHM WITH THE MARKET AND DUE YOUR OWN D.D.. LEARN THE RYTHEM OF THE CHARTS. IT IS CALLED "HARD WORK". THE REST WILL FOLLOW. TAKE THE TIME TO PASS ON YOUR GOOD FORTUNE TO OTHERS. WHAT GOES AROUND COMES AROUND AND YOU CAN TAKE THAT TO THE BANK.
DIANA
Posted by jakeo on :
USF Im a junior in college much like you- and I made 800% gain on my intial investment of 2,000 bucks (back in July with GRYF, and NWPO) thanks to this board & Fo2. Then I lost it due to some stupid decisions on my part (damn month of August), and im slowly creepin back up. At first I thought it was due to the stock itself and the news, etc, etc. But then I have come to realize its not the news that moves the stock, its the volume. Just some suggestions. -Watch a stock before you buy, become familar with the price range it trades in. -Volume is key. -Anticipation is the real money maker. lol -But don't be afraid to be down some money @ first... cause "if you dont play it wont pay" Just my 2 cents..
[ September 24, 2005, 23:14: Message edited by: jakeo ]
Posted by USFBRIAN on :
Honestly this money is for investing only.I am not saying I can afford to lose it but I am willing to take a few chances.Anyway that brings up the next question use a stop loss or no?and if so when to use it and when not to?but thats my last question I will do my research and pay my dues from here on out.Didnt realize you guys and "girls" were so serious on Sat nite but hey I cannot knock it and dont blame one lil bit I guess.
Posted by lilpennypincher on :
That's IT! Thanks Ric.....You're a DOLL!
Posted by BuyTex on :
lol, I never understand...
NEVER, EVER..
why these most excellent posts are not a forum unto themselves...
so litte time, so much knowledge...
Posted by texvet4 on :
quote:Originally posted by USFBRIAN: Sorry if I offended anyone.I will be the first to admit I need help.I will not step on any veterans toes again ok?Anyway a few questions.Are you guys sure I cant make more than 2 trades in 5 days?lol Also what price range do you guys suggest I trade at for swing plays?and for charts do I need anything special or will any chart work?
Just to clarify, you cannot make more than 3 trades on the SAME stock in a 5 day period, you can trade any amount of stocks you want, just not the same one several times in a week. If you are flagged as a daytrader, then you have to maintain a minimum of $25k in your account.
Second, to answer your question about what price to swingtrade, not to sound demeaning, but every stock has a different price, so there's no happy medium of where to "swing trade". You have to do your own research (otherwise known as DD=due diligence), see if you can maybe spot a pattern or breakout trend, and plan your own price to get in and get out. You won't find any of the vets in here telling you when to get in and get out. They might tell you when they got in or got out, but it's your money, and you decision of when to buy and sell.
Posted by lilpennypincher on :
Another thing Brian. Don't use that word invest in penny land.....THESE ARE NOT TO INVEST. Investing is securing your money....there is no security here. Play these stocks....Get in and get out.
Posted by BuyTex on :
quote:I am not saying I can afford to lose it but I am willing to take a few chances.
If you caint afford to lose it, you caint trade...effectively
also? got another post coming up, once I re-read...
Posted by lilpennypincher on :
Hey, You're working on nearly 3 pages here. GOOD FOR YOU! And Tex? NEVER? awh, come on....LOL
Posted by Ric on :
Yes, swing trading is a great place to start. Daytrading is for the few and long term holds in this market is for those into bondage and pain, lol.
Posted by will on :
lil'. I know you might have gotten greedy on GDRX, but Ric's big one? What has happened to you lately?
Posted by lilpennypincher on :
Bongage Ric.....ROFLMAO!
Tex....How'd you like my bear? Cute lil' fellar' ha?
Posted by USFBRIAN on :
Thanks so much everyone!
Posted by Ric on :
Hey I bought GDRX at .005 and sold at .018. I am real happy with that one. Wouldn't get back in it though.
Posted by lilpennypincher on :
quote:Originally posted by will: lil'. I know you might have gotten greedy on GDRX, but Ric's big one? What has happened to you lately?
LOL will.....It's cuz' of GRDX! I've lost my FREAKIN' MIND!!!!!
Posted by Ric on :
Lil, I fixed it, but you were quicker on the refresh then I was on the edit key, lol.
Posted by lilpennypincher on :
quote:Originally posted by USFBRIAN: Thanks so much everyone!
Hey no problem.....thanks for the fun thread!
Posted by BuyTex on :
quote:Originally posted by lilpennypincher: Hey, You're working on nearly 3 pages here. GOOD FOR YOU! And Tex? NEVER? awh, come on....LOL
seriously, lil, we go over this and go over this ad infinitum...why don't we have this archived on an easy thread to cross-post?
Am I whining?
Yes!
I need a backrub...
and crab-cakes...
followed by [edited] and big ol brunch...
Posted by lilpennypincher on :
quote:Originally posted by Ric: Lil, I fixed it, but you were quicker on the refresh then I was on the edit key, lol.
It's ok Ric.....My new favorite word. "BONGAGE"!
LOL
Posted by lilpennypincher on :
quote:Originally posted by BuyTex:
quote:Originally posted by lilpennypincher: Hey, You're working on nearly 3 pages here. GOOD FOR YOU! And Tex? NEVER? awh, come on....LOL
seriously, lil, we go over this and go over this ad infinitum...why don't we have this archived on an easy thread to cross-post?
Am I whining?
Yes!
I need a backrub...
and crab-cakes...
followed by [edited] and big ol brunch...
Agreed and Agreed And Agreed! And one back rub with a crab cake chaser comin' atcha!
Posted by Ric on :
Substitute the crab-cakes for a thick tender steak and I will have the same, lol.
Sssssh - I didn't change a thing.
Posted by Monopoly Money on :
your thinking of a tender steak or your wanting a thick juicy tender steak Posted by lilpennypincher on :
lil' debbie zebra cake? Grandmarnier'......OK, I'm doing that... Getting chilly here in the NE lately!
WOW! Sat night at allstocks.....I'm LIVIN'!
Posted by cbrf2 on :
I dont get it, 20< posts, attacks, and doesnt absorb the information given? I think i see a weird looking creature with colored hair, wait! LOOKS LIKE A TROLL TO ME!
Now, if im wrong, i do apologize. Those links up there are plenty to get you on your feet. Daytrading by Toni Turner is a book that I, as well as others, highly recommend.
Posted by lilpennypincher on :
love Toni Turner's book.....another great one to add..
Ric's having Porlbms sepliling this evening.....THINK juicy steak! LOL
Posted by Ric on :
Its funny lil. I just read the post on the other thread about Diana's post. I posted it but not because of your request, lol. Just because. How funny.
Posted by lilpennypincher on :
Thinking steaks and bongage! LOL
Now.......that's funny or, I've had too many drinks....
Posted by Monopoly Money on :
i was thinking about that mispelling ... C V B N thats a huge gap between the C and the N i wonder what was on his mind Posted by lilpennypincher on :
Hooked up rick....(the twilight zone music plays in the background)
Posted by Monopoly Money on :
okay YOUR CUT OFF!!!! you need to call a cab or find your designated dave Posted by lilpennypincher on :
A C B E D G F LMNOP R S T Y Z......HOW's THAT? LOL
Posted by Ric on :
quote:Originally posted by cbrf2: I dont get it, 20< posts, attacks, and doesnt absorb the information given? I think i see a weird looking creature with colored hair, wait! LOOKS LIKE A TROLL TO ME!
Now, if im wrong, i do apologize. Those links up there are plenty to get you on your feet. Daytrading by Toni Turner is a book that I, as well as others, highly recommend.
I would like to add books to my growing list so if any others besides this one please add.
Posted by Ric on :
quote:Originally posted by lilpennypincher: Thinking steaks and bongage! LOL
Now.......that's funny or, I've had too many drinks....
I think that I have, lol. By the way what was those two red wines you recommended to me a while back?
Posted by Monopoly Money on :
thats ummm creative?
quote:Originally posted by lilpennypincher: A C B E D G F LMNOP R S T Y Z......HOW's THAT? LOL
Posted by explorer186 on :
What you said Ric in that last post was complete BS. There is more to investing in stocks than following the "trend." WTF is the "trend" anyway, it's all guestimation. Play with loose change, but when you have money you can't lose on the line, do your DD and invest wisely. Yes, sell high, buy low, and any profit taken from a trade is a good trade.
I learned the hard way that it's all about discipline, and selling at the right time. Don't let your emotions take control of you. You can't have all the winners, and you can never pick winners every time. Falling for the hype will kill you. Selling a good "bag" to chase a stock you don't know but think will be a good PR play will kill you. Only sell for a loss when you think the company is hopeless, when the stock is being unreasonably diluted, when the chart shows a death spiral, or when you think you bought in at the top of a run and the current price is no longer sustainable. You need to be careful of MM tricks, hold strong on shakes, or a prolonged dip. You'll do fine if you heed my advice; otherwise you're playing with a house of cards.
Here are my favorite companies, all of them ready to head back up and all real good companies: CKEI, AMNI, HISC, JPHC, IGTN, CYBL, EPYH, GCCP, TNOG, and SNPD. Anyone of those will make you good money within 2-6 weeks.
Posted by lilpennypincher on :
The complete IDIOT'S guide to Day Trading Like a Pro. Jennifer Basye Sander and Peter J. Sander. PLAIN AND SIMPLE ENGLISH FOR IDIOTS! Like MwwwwA!
LOL Fun and Easy explainations for even the dullest crayon in the box.
Posted by BuyTex on :
quote:Originally posted by lilpennypincher: Thinking steaks and bongage! LOL
Now.......that's funny or, I've had too many drinks....
bongage?
*Official Message Board Dictionary*
quote:combining a fetish for mis-spelling "bhong" (a device for ingestion of THC-related comindinoids) and "bondage," various devices employed for heightened sensual expression
or simply, a typo...lol
Posted by Monopoly Money on :
hahhaha bongage.. i didnt even see that
Posted by explorer186 on :
good lord im tired, and im stuck at work for another 1.5 hours Posted by BuyTex on :
quote:Originally posted by BuyTex:
quote:Originally posted by lilpennypincher: Thinking steaks and bongage! LOL
Now.......that's funny or, I've had too many drinks....
bongage?
*Official Message Board Dictionary*
quote:combining a fetish for mis-spelling "bhong" (a device for ingestion of THC-related comindinoids) and "bondage," various devices employed for heightened sensual expression
or simply, a typo...lol
I think mine's funnier, therefore I bump...
ergo ecto sum cognito "ghostbusters" et family album
Posted by lilpennypincher on :
Always have these in your cellar.....Won't go wrong!
Chateau Fortia Cuvee du Baron Chateauneuf-du-pape 2003
Chateau La Nerthe Chateauneuf-du-pape 2001
and I also like
Ruffino Riserva Ducale Chianti Classico 2001
Posted by BuyTex on :
quote:Originally posted by lilpennypincher: Always have these in your cellar.....Won't go wrong!
Chateau Fortia Cuvee du Baron Chateauneuf-du-pape 2003
Chateau La Nerthe Chateauneuf-du-pape 2001
and I also like
Ruffino Riserva Ducale Chianti Classico 2001
there you go...what else needs be said?
Posted by Monopoly Money on :
what if you dont have a cellar?
quote:Originally posted by lilpennypincher: Always have these in your cellar.....Won't go wrong!
Chateau Fortia Cuvee du Baron Chateauneuf-du-pape 2003
Chateau La Nerthe Chateauneuf-du-pape 2001
and I also like
Ruffino Riserva Ducale Chianti Classico 2001
Posted by lilpennypincher on :
combining a fetish for mis-spelling "bhong" (a device for ingestion of THC-related comindinoids) and "bondage," various devices employed for heightened sensual expression
That gave me a brain freeeeeeze!
Posted by lilpennypincher on :
Keep it in mine....LOL I won't touch it......PROMISE!
quote:Originally posted by Monopoly Money: what if you dont have a cellar?
quote:Originally posted by lilpennypincher: Always have these in your cellar.....Won't go wrong!
Chateau Fortia Cuvee du Baron Chateauneuf-du-pape 2003
Chateau La Nerthe Chateauneuf-du-pape 2001
and I also like
Ruffino Riserva Ducale Chianti Classico 2001
Posted by Ric on :
quote:Originally posted by explorer186: What you said Ric in that last post was complete BS. There is more to investing in stocks than following the "trend." WTF is the "trend" anyway, it's all guestimation. Play with loose change, but when you have money you can't lose on the line, do your DD and invest wisely. Yes, sell high, buy low, and any profit taken from a trade is a good trade.
I learned the hard way that it's all about discipline, and selling at the right time. Don't let your emotions take control of you. You can't have all the winners, and you can never pick winners every time. Falling for the hype will kill you. Selling a good "bag" to chase a stock you don't know but think will be a good PR play will kill you. Only sell for a loss when you think the company is hopeless, when the stock is being unreasonably diluted, when the chart shows a death spiral, or when you think you bought in at the top of a run and the current price is no longer sustainable. You need to be careful of MM tricks, hold strong on shakes, or a prolonged dip. You'll do fine if you heed my advice; otherwise you're playing with a house of cards.
Here are my favorite companies, all of them ready to head back up and all real good companies: CKEI, AMNI, HISC, JPHC, IGTN, CYBL, EPYH, GCCP, TNOG, and SNPD. Anyone of those will make you good money within 2-6 weeks.
Not sure what your problem is. And how do you know those stocks are going back up? Swing trading is also called trend trading for a reason. You follow a stock and it goes from say .001 to .002 on a regular basis. Thats a trend. A stock is going has a downtrend but at every stop there is a bounce. Thats a trend. If you know those are going up then you must have researched something and seen some pattern to help you come to that conclusion.
As I said, not sure what your problem is.
Posted by Monopoly Money on :
okay i may be young enough to be your grandson but im not that gullible
quote:Originally posted by lilpennypincher: Keep it in mine....LOL I won't touch it......PROMISE!
quote:Originally posted by Monopoly Money: what if you dont have a cellar?
quote:Originally posted by lilpennypincher: Always have these in your cellar.....Won't go wrong!
Chateau Fortia Cuvee du Baron Chateauneuf-du-pape 2003
Chateau La Nerthe Chateauneuf-du-pape 2001
and I also like
Ruffino Riserva Ducale Chianti Classico 2001
Posted by lilpennypincher on :
OUCH....That hurt M.M. Grandson.....! My grandson is 1. And for that....I'm certainly not changin' yur' diapers ANY TIME SOON! So don't even ask.....LOL
And Ric. Right on GUY! The trend is your friend!
Posted by Ric on :
Thanks lil, just build a new wine rack and need to start filling it, lol.
Posted by Monopoly Money on :
im sorry i couldent resist on that one... the opportunity was too good and i couldent help myself:)
quote:Originally posted by lilpennypincher: OUCH....That hurt M.M. Grandson.....! My grandson is 1. And for that....I'm certainly not changin' yur' diapers ANY TIME SOON! So don't even ask.....LOL
And Ric. Right on GUY! The trend is your friend!
Posted by explorer186 on :
Okay Ric, now I get what you're saying. It's just you making it sound so much like a game that peed me off. Sometimes you have to have balls to hold, and there is nothing wrong with holding a good stock.
Posted by Ric on :
Well I have to say that I never was great at word play, lol. Us southern folks sometimes have a hard time with the English language. Its hard to write it correctly when we refuse to say it correctly, roflmao.
Posted by lilpennypincher on :
Good for you Ric. It's a wonderful hobby. Now I have wines that I buy and will NEVER drink! Does that make any sense..? Just beautiful to look at.
I did just open one of these to celebrate my 1 yr. anniversary of this house.
Bass Phillip Reserve Pinot Noir 1997
The wines I posted above are for every day.....every occasion. If you want a good one....Try this Young but valuable beauty....It's going to at least double in price over the next couple of years. Listen to me cheerlead for wine now. LOL
Penfolds Grange Shiraz 1992 NICE!
Posted by lilpennypincher on :
quote:Originally posted by Ric: Well I have to say that I never was great at word play, lol. Us southern folks sometimes have a hard time with the English language. Its hard to write it correctly when we refuse to say it correctly, roflmao.
Yur' riat gain' Ric.
Posted by Monopoly Money on :
Next time i swing too SC ill try to meet up with you at a bat for a drink, i live more or less memphis
quote:Originally posted by Ric: Well I have to say that I never was great at word play, lol. Us southern folks sometimes have a hard time with the English language. Its hard to write it correctly when we refuse to say it correctly, roflmao.
Posted by Monopoly Money on :
I can relate, i dont drink period and i collect alchol. Best stuff i got is from Jamaica. White rum 180 proof, and several bottles of apatine
quote:Originally posted by lilpennypincher: Good for you Ric. It's a wonderful hobby. Now I have wines that I buy and will NEVER drink! Does that make any sense..? Just beautiful to look at.
I did just open one of these to celebrate my 1 yr. anniversary of this house.
Bass Phillip Reserve Pinot Noir 1997
The wines I posted above are for every day.....every occasion. If you want a good one....Try this Young but valuable beauty....It's going to at least double in price over the next couple of year. Listen to me cheerlead for wine now. LOL
Penfolds Grange Shiraz 1992 NICE!
Posted by lilpennypincher on :
Nite all.....My chair is turning into a pumpkin!
Posted by lilpennypincher on :
OH I LOVE WHITE JAMAICAN RUM!!!!!!
Posted by Monopoly Money on :
I'll bring it to the Vegas QBID celebration, should be a good special occasion for it.. and it will be aged several years
quote:Originally posted by lilpennypincher: OH I LOVE WHITE JAMAICAN RUM!!!!!!
Posted by Ric on :
lol nite.
Posted by Ric on :
Well, You need to teach me later more on storage and what to do with a bottle after I open it. Drinking it for health. To many studies say red wine is great for good health.
Posted by Monopoly Money on :
alright my shift relief is here, woot, thanks for the wonderful entertainment ric and lil*even tho i know your passed out now* have a good night and catch ya tommorrow during my shift.
Posted by Monopoly Money on :
keep it in a dark cool place and you have to shake it every few months to keep it mixed. If it dosent have preservatives then it has a time limit. A friend of mine over here has his own brewery which he makes plum, peach and apple wine. Ill see if i can get a few bottles for you guys and fedex em to ya if you want. Its very good stuff *i toasted my dieing grandma back in march with it* Let me know
quote:Originally posted by Ric: Well, You need to teach me later more on storage and what to do with a bottle after I open it. Drinking it for health. To many studies say red wine is great for good health.
Posted by BuyTex on :
just came back from the restuarant...lol--re-reading this thread? I'll be a lot more careful in my responses from now on...
otherwise, I'd start a site called punkchatter.com
I remember finding this board, and being so moved that vets here would help *so many* to learn so much...
Posted by cbrf2 on :
i dont drink at all, alcohol is bad for you, dont u know? On that note, anyone smoke cigars? Posted by Ric on :
quote:Originally posted by Monopoly Money: keep it in a dark cool place and you have to shake it every few months to keep it mixed. If it dosent have preservatives then it has a time limit. A friend of mine over here has his own brewery which he makes plum, peach and apple wine. Ill see if i can get a few bottles for you guys and fedex em to ya if you want. Its very good stuff *i toasted my dieing grandma back in march with it* Let me know
quote:Originally posted by Ric: Well, You need to teach me later more on storage and what to do with a bottle after I open it. Drinking it for health. To many studies say red wine is great for good health.
Sounds good. Never tried anything but grape based wines.
Posted by jdog006 on :
quote:Originally posted by BuyTex: I'll be a lot more careful in my responses from now on...
otherwise, I'd start a site called punkchatter.com
You don't need to be "more careful" on my account. I was set off by his inconsistency. It wasn't anything that you said. What I was hearing was "Help me I don't know anything". I sincerely tried to offer some assistance and then I started hearing "I don't need your help I know it all". That got me aggravated.....bygones.
Posted by BuyTex on :
lol, I heard what you heard...but you and I cool, j...appreciate your work on the board.
Posted by Polarbear17 on :
Just a piece of advice have a plan, esp with pink stocks. That way you can gauge entry and exit points and not get over greedy.Set your self goals or levels to achive. Personaly i have a chart on my desk giving me targets that i wish to achive .E.G: Level 1= $150.00 Level 2= $300.00 Level 3= $600.00 Level 4= $1200.00 Level 5= $2400.00 Level 6= $4800.00 Level 7= $9600.00 Level 10= $19,200.00
I restarted tradeing again just a month ago after moving my account from Tdwaterhouse (because of its high commsion rates)and so far i'm at Level 2. working to get to level 3. The frist time i started tradeing was 3 years ago when i had $35k lef to me from my father when he passed , ended up tradeing on the NYSE and had it up to $55k in just 9 months , only to have my Ex-wife find out and take me to court which wiped out every thing (she got it all)except for $150.00 . Second do your DD,on any stock, check the chart, the news on the co.ETC.
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. But in all seriousness pennies is not joke to invest in you will lose all of your money in an hour and wonder what the hell happend. If i were joo id hold on to that 3 grand and go find a job that you get tuition reinbursement from and work there.![[Razz]](tongue.gif)
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