posted
I only work one stock. I work cnes. It changes about 4 points a day. UP in the morning down in the evening. I buy in the evening and sell then next morning. 500 dollar incruments. It works about 3 or 4 days a week for a 100 bucks. some days it runs really good. if I miss and I wind up having a high base price I just wait a day or two and buy at the evening low which pulls me back down into the range for the following week.
I only buy it once a day or sell once a day to avoid ameritrades daytrade rules. I am on probation with that.
<pennywise>
posted
cnes is a slow riser also the float has to be right. cnes has 3 possible runs in the next few weeks so I am increasing my quanities each day....
how do you make money in pennies
keithsan
posted
i violated the daytrader rule about a year ago. nothing has changed
noobnvstr
posted
pennywise,
How long have you been using this technique with this particular stock?
turbokid
posted
CNES... That security symbol is invalid
tried looking it up... no go... whats up??
alen2500
posted
It is now "CNESE".
blueranger
posted
I tried riding all the pump and dump like everyone else and I lost about 4k... so i decided to switch and I found this system.
I fell in love with this stock and since it runs like a wave i ride it... the mm's will only let it go 4 points a day so today it fell 4 points. so I lowered my base price. but I buy friday evening. sell monday morning. buy tuesday evening. sell wed morning and so on...it gets about 4 point movements a day.. so you can do a hundred to two hundred dollars in profit a couple times a week.. its got news coming so it will run in the next 4 to 8 weeks... but I would like to have about 10 like this... so keep your eyes open for this cycle... it won't work in the .0001's because you get stuck in those i am stuck in prrm right now.
keithsan
posted
good job blue! hope you make your money back soon.
I've been trading for a while and i rarely ride the pumps because they ar too unpredictable, your charts don't matter if group sells, it drops.
I play.
bottom pops. runners on rumors. news-when i have time to read it intraday.
Machiavelli
posted
I mentioned this technique about a month ago... where you buy a stock about 5 days before its earnings come out (on rumor that the earnings will be very positive)... slowly the professional traders and MM's will also do the same thing and the stock slowly goes up in those 5 days.. on the day of the earnings you would sell the stock just before the earnings come out or right when it comes out whether positive or negative because the stock will tank from all the pro's/MM's selling it off and going short .. they will sell to the late comers or dumb money who wait for the earnings to come out first... this is what happened with Ebay this week even if the earnings werent a penny off and had been positive... i didnt buy into ebay because its too much per share for me but this can be used on Pennies every quarter earnings report....
poorman
posted
I did the same thing with BTOR for a couple of weeks buying at .005 out at .007. It sometimes took a day or so to move but made a 100.00-200.00 each time. closed at .0029 Friday for a 52 week low so I'm holding shares now till it goes back up.
blueranger
posted
I like this cnese but I am looking for more. I hate the pumps..... so i will take a look at btor... I would love to have about 10 that i am intimate with. Last week I rode msep. I think if we can make 100 or 200 bucks will will do better than thinking we will be rich. so lets work on that...
blueranger
posted
guys take a look at btwo... it looks like one we can ride the waves of... although wait for it to hit a low.
noobnvstr
posted
looks like btwo may have some potential.
Thorn
posted
Yeah, I did this on paper in highschool. AIP would go from 1.25 to 1 and back. I figured such trading wasn't realistic. Actually, so far I'm finding that my buy doesn't always go through. I guess for small money this is a good strat tho.
For bonus points, check out AIP's current price.
GTOGTOGTO
posted
Do you knopw what it means when the SEC puts an E at the end of a stock symbol, ready to up @hits creek, thats what! Under investigation
Thorn
posted
If it weren't for the controversy, CMKX would be a good one right now for buy/sell at .0001/.0002 today. Is 100% profit too much?
turbokid
posted
you can almost never buy at .0001 and sell at .0002
turbokid
posted
well guys CNESE is up 12% today.. good call BTWO did even better 28%
heres another that goes up and down within a narrow channel, IBCS also, its more expensive but ESCC goes up and down every few days, just a few percent, but slow and steady wins the race
ohdagagain
posted
ESCC Has no volume so it will be hard to sell.
blueranger
posted
now watch, today it moved 4 points (cnese) it always does every day. so if you got in in the evening low you could sell on the morning high. its like clock work. the mm's do it every day the only time it varies is when there is news then the mm's will let it run...
stay away from .0001 and .0002 you can never sell I am stuck in prrm right now...
moneyhngry1
posted
Not a bad day today ladies and gents! Made 300 bucks on the JRVC spike today. Check the days range for yourself, this is one I will keep a close eye on.
ohdagagain
posted
IGATE, going off this list IGATE looks pretty good. up and down daily and earnings call on Feb 17th.
ohdagagain
posted
Sorry the ticker is IGTE
blueranger
posted
I will look up igte... what do they do...tell me about them.
blueranger
posted
igte has a swing but it would take 5000 bucks to make 100...the trick is to find a penny stock that swings...
blueranger
posted
jrvc now that was unbelieveable.. and you got out.
I am never able to get out of these .0001
I am stuck in prrm right now.
Machiavelli
posted
Probably due to low volume.. you need stocks with very high volume to get in and out quickly when you want to before the price changes drastically...
blueranger
posted
No, I got stuck in afrd and i am currently stuck if prrm and the reason is the float is to large.
for me seems like all the .0001's I get into look good for a day or two but then I discover the float is so large you can never get out.
caez
posted
I'm new at this and doing some research, this method seems somewhat reliable. Judging by last friday/monday, I calculated, using BTWO as an example, that if you bought friday night and sold monday morning, you would have made roughly a 50% increase.
Is there a way to do this without breaking any of Ameritrade's rules?
Sorry if any of this sounds extremly newbie-ish, i'm 17 years old and just learning about the stock market.
blueranger
posted
to avoid breaking ameritrades rules just dont sell and turn around and rebuy in the morning.
I think a fellow should be intimate with 10 or 20 stock that he is working... i work gtel, gzfx, ncdp,cnese, msep lftc
I am totaly intimate with cnese. I can tell what the mm's are going to do.. like today 22-27 closed down 1 pt... I missed today I had set to sell at .003 so I was a little high. i wish I could have got some at .0022 today..
blueranger
posted
the only problem with this is that I wind up studying and learning a stock so much that I will fall in love with it and not want to sell it and I wind up being long.
tomktoo
posted
Well guys, what happened to CNESE??? not even showing on Scottrade!