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tropic
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Hey dardadog, you still chat on msn anymore? I was looking through the old posts and found your old msn email, still usin it?
I was also wonder'n how many stocks on average do u hold at a time? What number would be considered managable?

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Dardadog
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I've gone entire days without playin' anything as nothin' looked ripe. I've played as many as a dozen runners at the same time. If you are new at this, I propose one at a time until you get the hang of it. Take on the multi-taskin' when you are sure of your own skills. There is no set number. The stronger you become at what you do in any situation, the more flexible you will become in your range. Good luck with it.

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"The clever combatant imposes his will on the enemy, but does not allow the enemy's will to be imposed on him."
The Art Of War - Sun Tzu

"Do Da Due - But Be Damn Quick About It"
Da Art Of Daytrading - Dardadog


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Dardadog
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It also helps to have a very fast computer. Speed is the MOST important factor when trading pennies. Seconds ticking against you on the clock can kill ya. First one on the train gets the best seat. Last one off...........catch the lights.

------------------
"The clever combatant imposes his will on the enemy, but does not allow the enemy's will to be imposed on him."
The Art Of War - Sun Tzu

"Do Da Due - But Be Damn Quick About It"
Da Art Of Daytrading - Dardadog


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tropic
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Hey dog, thanks for the advice, but one thing, u still didn't answer my frist question, still use msn? I would love to have a quick chat with you and learn the ropes of daytradin wit penny stocks.

Thanks

Get in the Christmas Spirit!

[This message has been edited by tropic (edited December 22, 2004).]


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tropic
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Oh and my computer is Fast, even though its like 2 years old it still a pentium 4 2.8, got it the day it shipped! Im runn'n 2 monitors off of one ati graphic card. Cant seem to figure out how to utalize the other graphic that was built into the mb. If i ever figure out how to get that thing going, ill have 3 monitors. I've got the tools and time to d'trade but no skillz, that where i look to u, dadog for advice.


Stay in the christmas spirit!


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KiddyCat
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after several weeks of trying out microcaptrade, im having only limited success.
If possible, i was hoping you could read on what im doing and give me suggestion to better utalize otccharts, here is what i know and am doing: (sorry but it might get lengthy)

I currently have all of your filters, unless you added more in the last few weeks.
I start the day off with the greater than 10% gap relative to close,then i pay close attention to the ones with rocketing volume and try to play it. After that i open up a few to check the (am filters) which points out all the ones that are shooting. Than i open up a few more filters and check the gain results (10-100%) Right after i check the top 400 net gains + % going from bottom up and look for higher ask then current price and/or both ask & bid are higher than ill jump even quicker. at the same time i eagrly wait for news that i could play on. On all of my picks i drop it on barcharts for a quick check. I also at times leave a small portion in the stock incase it still flying. Other than that i don't know or do much more.


_____________________Questions i have

-After you throw it on barchart and tspotter says: sell, do u sometimes ignore it and still go with gut?

-Even though i have a good idea i jus wanted to know which filters do u use during the day, at anytime, and during the end of the day?

-I've noticed that u said u dun have all filter open at the same time, but do u constantly scan, then hit back and pick a dif filter and scan again, or do u have favorites that u have open all the time and just wait for one to pop up?

-What happened to otc tutorial 3? You edited it in feburary, did i miss sumthin?

-Do u somtimes use chart patterns to decide your plays? ive noticed it doesn't apply much to daytrading but was just wonder'n

-Do u have some methods to determine the exit price? How do u know when to exit at 10,20,30,or higher? I know its my judgement call but, what are indicators that you go on to determine if a stock may continue to fly?

-I usually place a limit at the ask, or a lil higher to catch the wave and rarley usually let the price come to me, would like to know if you did anythin diffrent


Any help is GREATLY appreciated, heck if i ever get this daytrading chit down and make a good livin out of this i may jus send u a fat check to thank you for your big heart and helpfullness.



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KiddyCat
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Oh, and one more question,

You mentioned that there are days that you don't play at all if it doesn't look good to you. The question is, isn't that hard to come by? THat is unless you have tough requirements b4 you jump in a stock.


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Dardadog
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I can be caught at Dardadog@hotmail.com . Either email me or messenger me at that address.

Ruff!!!


Dog

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Do Da Due......But Be Damn Quick About It!!!!!

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povertywages
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I am using Trading Direct but their stock buy/sells go through a broker to approve, before it happens. So no such thing as even a quick turn around trade. I recently looked at First Trade. What is the best for speed, price, etc. I am talking about mostly penny stocks. Thanks. Yes, I am anewbie here but have traded prior on e*trade for years. They are too expensive in trades, unless you are sitting on a bundle, as I see it.

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povertywages

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hlniv
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Ameritrade or Choicetrade the only ways to fly...

If you trade enough, Ameritrade will give you flat $7 buck comissions, but will start you out at $10.99. Nice service, decent fills, etc...

Don't have Choicetrade, but they $5 flat commissions and a great rep around here...

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No one ever lost money taking a profit. Remember that.

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rider3160
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dardadog I would also like to know what filters you use during the begining of the day, during the day and end of the day. Can you please let me know. My e-mail is pitcher3160@aol.com if you perfer to e-mail.
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OO7
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quick question: TODAY I ve been reading From the post about Microcaptrade AND I must say I am Impressed with what I Read and have learn plenty about it without even trying it yet. From what I gather the buys and sells are based around the spontaneous reaction to a positive sign from a stock . the question is how much of your buy decisions is based on the news which usually gets a stock going, Do you analize the news before buying in or is it Just related to the input from the readouts your getting from Microcaptrade?
any info concerning this would be appreciated. thanks

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Trust your instincts. If you have no instincts, trust your impulses.

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T e x
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Users alerted by volume filters (mostly) and breaking news (some), focused on finding "runners" at breakout, which doesn't allow for "traditional" DD, but the best have historical data and/or personal experience of many stocks in order to quickly pull the trigger. Not a beginner technique, if that helps...

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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Bob Frey
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News + Volume + higher prices = Bank

"Buy the rumer sell the news"

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oops
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ih gang , question , what is the last day to buy a stock to get the dividen ?

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retires

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Bob Frey
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Ask your broker to be sure what you have.

Ask to speak with someone who has a brain, I have been given wrong information by brokers on a couple of occasions. ask to speak with dividend/reorg. department. they are better but not perfect.

[ October 26, 2005, 13:47: Message edited by: keithsan ]

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Dardadog
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Ex-Dividend Dates:
When Are You Entitled to Stock and Cash Dividends
Have you ever bought a stock only to find out later that you were not entitled to the next cash or stock dividend paid by the company? To determine whether you should get cash and most stock dividends, you need to look at two important dates. They are the "record date" or "date of record" and the "ex-dividend date" or "ex-date."

When a company declares a dividend, it sets a record date when you must be on the company's books as a shareholder to receive the dividend. Companies also use this date to determine who is sent proxy statements, financial reports, and other information.

Once the company sets the record date, the stock exchanges or the National Association of Securities Dealers, Inc. fix the ex-dividend date. The ex-dividend date is normally set for stocks two business days before the record date. If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.

Here is an example:

Declaration Date Ex-Dividend Date Record Date Payable Date
7/27/2004 8/6/2004 8/10/2004 9/10/2004


On July 27, 2004, Company XYZ declares a dividend payable on September 10, 2004 to its shareholders. XYZ also announces that shareholders of record on the company's books on or before August 10, 2004 are entitled to the dividend. The stock would then go ex-dividend two business days before the record date.

In this example, the record date falls on a Tuesday. Excluding weekends and holidays, the ex-dividend is set two business days before the record date or the opening of the market – in this case on the preceding Friday. This means anyone who bought the stock on Friday or after would not get the dividend. At the same time, those who purchase before the ex-dividend date receive the dividend.

With a significant dividend, the price of a stock may move up by the dollar amount of the dividend as the ex-dividend date approaches and then fall by that amount after the ex-dividend date. A stock that has gone ex-dividend is marked with an "x" in newspapers on that day.

Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date).

If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares. Thus, it is important to remember that the day you can sell your shares without being obligated to deliver the additional shares is not the first business day after the record date, but usually is the first business day after the stock dividend is paid.

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Do Da Due......But Be Damn Quick About It!!!!!

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