posted
Here are some of the ways I utilize OTCcharts site daily. It is not the type of site to help find good long term positions, but what is moving right this moment. Many feel that they only want to find the next .0022 that is going to make them rich but you must admit, they are rare and few and far between. I tired of drumming my fingers on my desk wondering if todays "GREAT" news was finally the moment I was waiting for to see a gain. The problem with stocks priced at this range, someone willing to spend more than we usually invest can manipulate even the Best of News! I like to play what is moving NOW AT THIS MOMENT! As all have heard me say time and again, the big stocks move on results, the pennies move on rumor. Take advantage of this and earn profit daily!!! Even if a stock is higher priced, it can gain quick returns for you. For example, if you buy $500 worth of a stock that is priced .80 you would get 625 shares. If that stock goes up .30 in a couple hours, you sell your 625 shares for $687.50, a gain of $187.50 in a very short time. Playing four or five of these daily adds quick increase to your portfolio. Here are ways that I utilize OTCcharts site.
1. When first opening site, the small window (microtrader) appears and you want to open all windows, option next to last on the list. I then minimize all. Then I right click on task bar and tile horizontally. This allows all windows in site to be accessable (pardon spelling) at once by minimizing and maximizing when needed.
2. Anytime you click on a stock ticker you can then go to real time data window and the ticker you clicked on will be there waiting for you.
3. The top 400 tracker is great. It automatically keeps penny stocks in order of most trades made that day to least trades made, 1-400. I click on "NET", pull browser down to the bottom and work my way backwards. When I come to a stock showing large trade volume, good gain, ask higher than current price, I have a winner. If both bid/ask are higher than current price, I have a monster. Along with "NET" tab, I work the same type system with the "% GAIN" tab on the header. With this system, I see the real movers with good gain at all times during the day. By playing five or six of these movers each day, I am ahead 57K after trade fees so far this year.
I know this is an abbreviated tutorial, but if you sign up for free msn.com acct. it is much easier to answer questions in live chat. Add me to contact list, fujae@msn.com, and I'll be more than willing to help you anyway I can. Hope this helps those in need. Its a great site and for the intro offer of $9.95 with no commitment, it offers the user a cheap tool which I feel is invaluable. After the first month is $100 per month, but I look at it as $3 a day. About like gas money to work. Good luck out there. I'll check in on this thread to try an clear up any quick questions. Good Luck out there.
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wow! thanks Dardadog! im fairly new to allstocks, but its obvious to me that you put alot of time and effort into helping others.. im sure it is greatly appreciated, thanks again!
Posts: 128 | From: New York | Registered: Dec 2003
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Dog thanks for the great abbreviated tutorial, I am SURE that will help many of us with our plays!! INCLUDING ME hahaha
I'm hoping come Monday I am probably going to sign up for OTCCharts and then will start using your strategy and develop a part of my own. Right now I don't have the funds to have in my account to be considered a daytrader, therefore I can't buy and sell the stock in the same day more than 3 times a week.
With this limitation, RIGHT NOW...hehe till I make some more good money on these things, how would you approach pennies and use OTCCharts to it's maximum advantage?
Thanks again Dog, like jr said you have helped many, and you continue to help many, without people like you on these boards they would not be anywhere NEAR as successful as they are right now.
-Marc
Posts: 839 | From: Muncie, IN 47304 | Registered: Nov 2003
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Thanks for the great advice. I am very new to online trading and you sound like a good person to ask this question of. I signed up for Ameritrade a while back and have some money sitting in it. I have done a few small trades but am not sure if i should stick with Ameritrade or find another broker. Are the fees going to end up eating away all of the small profits?
Posts: 42 | From: New York, NY, USA | Registered: Jan 2004
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That's great, Dog! We Newbies will get the hang of this yet with all the help we're getting. Thanks bunches.
Posts: 173 | From: Lakeland FL USA | Registered: Jan 2004
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My advice to NEWBIES: DO NOT MARRY OTCBB STOCKs or DATE OTCBB STOCKS. You make profit then run away! Find another good stocks. That's how you make money in OTCbb land. IF you want for long term investment, go invested in big company. For examples- JDSU,NT, ARBA, TXCC,etc...these copany has earning.
Posts: 14 | From: s | Registered: Jan 2004
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Dog...Great post. I have a question on the early morning timing of a buy. I have often bought right at the opening only to see the stock drift downward from the initial opening. Then there seems to be an uptrend about an hour later, followed by the lunchtime dip. The next movement (uptrend) seems to occur mid afternoon with a tapering off at the closing bell (sometimes this is followed with large trades at the ask and higher in after hours trading). This is based either on no news or a so-so PR. SEC investigations and cancer cures make this all irrelevent. I guess what I am asking, is this something you track (i.e. not placing a buy right at the opening bell), or should I lay off the beer and eggs breakfast;-) Posts: 109 | Registered: Aug 2003
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I've just recently discovered this marvelous board, and am having quite an excellent time reading your posts and exploring your various picks and suggestions. Most other sites I've seen feel like scams, but for the most part the people I've seen posting here have a genuine interest in helping others to meet their investing goals. Goodonya!
I'm 20-something middle-income, and have been investing in largely low-risk areas of the market for several years now. In December I decided to try my hand at penny stocks, and so far have had 2 winners (AACS and IBZT) and 1 which has not moved much at all (VPS). My goal at this point is to sell whenever I reach 20% profit on any particular stock, and to see where that gets me in twelve month's time.
Since discovering these boards I've explored the various links people have posted, and have found a great deal of information to answer my various questions. www.stockcharts.com in particular seems to be very helpful, but I have printed out your post above and will make a point of visiting otccharts.com this weekend.
Sorry to blather on, but I'm very excited to be "working" with such an excellent group of people, and I look forward to many gains in the future!
posted
Good advice on the "don't fall in love with it" theory. No matter what the stock, take your profit and move on. I don't want to make new traders think there are no "long investments" out there. But I feel the oportunity to make serious bank is in the "play the mover" system I have currently been using. I don't feel my way is the only way, but as a relatively new investor, it is paying me dividends much quicker than picking a winner before it moves. Another point that I want to make, many feel that after the great year the market just had, 2004 will not be so friendly. With the system I'm using now, I won't worry about down years. Something will always be moving and I'll be on top of it. The Ameritrade question is one that is tough to answer. Its more a thought of just being comfortable with your brokerage house. Do you feel customer service is adequate? Do your trades get executed promptly? ARE the fees much higher that other trading houses? It really plays out as an individual interest issue. The "buying" at the bell issue is something many traders curse. Everyone expects a spike on the gap up caused by news out. When I want to pick up a stock when the bell opens, waiting a couple minutes to see if price will dip could save you a couple of bucks. Chicago Joe said once that he never bought until the market was 20 or so minutes into it just because of your dilema. I took it as good advice. Good luck out there.
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DARDADOG: i agree with you on the last statement. Wait couple of minute at the bell before buying! When i first start trading OTCBB stock,I buy PLKC. i saw price gap up huge then i put my buy order in right at the bell. After my order being filled, price drop dramatically. It pissed me. HARD LESSON for me.
Posts: 14 | From: s | Registered: Jan 2004
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quote:Originally posted by tacamo: Dog...Great post. I have a question on the early morning timing of a buy. I have often bought right at the opening only to see the stock drift downward from the initial opening. Then there seems to be an uptrend about an hour later, followed by the lunchtime dip. The next movement (uptrend) seems to occur mid afternoon with a tapering off at the closing bell (sometimes this is followed with large trades at the ask and higher in after hours trading). This is based either on no news or a so-so PR. SEC investigations and cancer cures make this all irrelevent. I guess what I am asking, is this something you track (i.e. not placing a buy right at the opening bell), or should I lay off the beer and eggs breakfast;-)
Tacamo: It's funny cause I just got done reading a great post on some other boards about this but was linked to by PSU90 THANKS PSU! It is a great read and answers your questions precisely
I know me personally will have a lot to gain by reading this.
Posts: 839 | From: Muncie, IN 47304 | Registered: Nov 2003
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posted
That was a simple new filter I added today on my site. It's how I found IGYM. Rode from $1.95 up to $2.75 in a couple hours. Sweet and Tidy $4400.
posted
Da Dog..i appreciate your input and advice but I'm way behind...if you don't mind maybe can exchange emails so you can help me understand the filter option.
Hey bud, when you run this filter at the start of the day do you buy as soon as you see a good one with the volume and good bid/ask...or do you wait and see what it does?
Very curious cause I always stump myself and can't make a decision at this point of the day, gaps confuse me
Posts: 839 | From: Muncie, IN 47304 | Registered: Nov 2003
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posted
Sorry, runnin' late this morning. That new filter shows all the morning gappers the minute that trading day begins. Judgement call on when to buy I'm afraid.
Hey bud, when you run this filter at the start of the day do you buy as soon as you see a good one with the volume and good bid/ask...or do you wait and see what it does?
Very curious cause I always stump myself and can't make a decision at this point of the day, gaps confuse me
Marcidius, I read an article I found on this board a while back that was pretty good concerning gaps and how to play them. It was from the investors hub-breakout trading (Bill Panetta) post #3630. the article is titled, The Opening Bell by Bill Panetta. It worked for me today with VRTL--even though it didn't really have a gap at the open, but I watched it dip in the first few minutes of trading and go back through it's open price for the buy in--then off to the races!! I really have to give credit to DaDog, he turned me onto OTC Charts--freaking awesome for trading pennys. Hope this helps.
P.S.--I found this and a couple others by running the filter the night before and then looking at the charts. Put it and a couple others to watch on level 2 in the morning--then wait and see if it goes the way you like (entry point that is). This is more fun than gamblin in Vegas!
[This message has been edited by cheesehead (edited January 21, 2004).]
Posts: 84 | From: Indianapolis | Registered: Jan 2004
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quote:Originally posted by cheesehead: Marcidius, I read an article I found on this board a while back that was pretty good concerning gaps and how to play them. It was from the investors hub-breakout trading (Bill Panetta) post #3630. the article is titled, The Opening Bell by Bill Panetta. It worked for me today with VRTL--even though it didn't really have a gap at the open, but I watched it dip in the first few minutes of trading and go back through it's open price for the buy in--then off to the races!! I really have to give credit to DaDog, he turned me onto OTC Charts--freaking awesome for trading pennys. Hope this helps.
P.S.--I found this and a couple others by running the filter the night before and then looking at the charts. Put it and a couple others to watch on level 2 in the morning--then wait and see if it goes the way you like (entry point that is). This is more fun than gamblin in Vegas!
[This message has been edited by cheesehead (edited January 21, 2004).]
Thanks for that info Cheesehead. I did read that article I'm still a little careful with them cause I'm learnin but I'll get the hang of it.
I'll employ your strategies tonight and see if I can come up with some solid plays ! Thanks! BTW, what lvl 2 do you use Cheese?
Posts: 839 | From: Muncie, IN 47304 | Registered: Nov 2003
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quote:Originally posted by Marcidius: Thanks for that info Cheesehead. I did read that article I'm still a little careful with them cause I'm learnin but I'll get the hang of it.
I'll employ your strategies tonight and see if I can come up with some solid plays ! Thanks! BTW, what lvl 2 do you use Cheese?
Level 2 quotes from Ameritrade, but looking to switch over to freetrade soon. If you find some you like, right click on it and put them in your watch list for tomorrow--look at the charts too!!
Posts: 84 | From: Indianapolis | Registered: Jan 2004
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posted
please explain me how u guys do that. email id coumarss@hotmail.com
quote:Originally posted by cheesehead: Marcidius, I read an article I found on this board a while back that was pretty good concerning gaps and how to play them. It was from the investors hub-breakout trading (Bill Panetta) post #3630. the article is titled, The Opening Bell by Bill Panetta. It worked for me today with VRTL--even though it didn't really have a gap at the open, but I watched it dip in the first few minutes of trading and go back through it's open price for the buy in--then off to the races!! I really have to give credit to DaDog, he turned me onto OTC Charts--freaking awesome for trading pennys. Hope this helps.
P.S.--I found this and a couple others by running the filter the night before and then looking at the charts. Put it and a couple others to watch on level 2 in the morning--then wait and see if it goes the way you like (entry point that is). This is more fun than gamblin in Vegas!
[This message has been edited by cheesehead (edited January 21, 2004).]
posted
Cheesehead, where did you get the foresight to pick VRTL? Man that thing SHOT!!
Posts: 839 | From: Muncie, IN 47304 | Registered: Nov 2003
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quote:Originally posted by Marcidius: Cheesehead, where did you get the foresight to pick VRTL? Man that thing SHOT!!
I had saved it to my watch list the night before on OTC Charts. Since it had a pretty good pop the first day, I was watching to see if it still had some steam left in it. Never figured it would go that high though--sometimes the trading god throws you a bone!! Not much foresight, LOL!!
Posts: 84 | From: Indianapolis | Registered: Jan 2004
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posted
I am adding this comment so this thread will move back to where it is easy to find. I thought others might be trying to learn how to run OTCcharts too. Dog if they are not inspired to learn how to use this tool by your $11,000 day today, they must have something better. OK, if you have something better let us know. -Debi
Posts: 1188 | From: Clinton, MA 01510 | Registered: Jan 2004
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DOGS ON DA FLY 'CAUSE I'M PUSHIN' OVER 1200MB RAM WITH A 2800GHz PROCESSOR AND A 120GB HARD DRIVE. ALSO RUNNIN' TWO NVIDIA BOARDS TO CONTROL FOUR MONITORS. IF I DON'T SEE IT, IT AIN'T THERE!!!!!!
posted
My computer system is ancient, kind of like riding a moped in the Indy 500. I hope my new computer gets here before the bell. It would be nice to see what I am getting into before I buy. -Debi
Posts: 1188 | From: Clinton, MA 01510 | Registered: Jan 2004
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posted
Marcidius, Real Time Data and Statistics is actual Level II. Owner once told me that you can see MM's stacking up somewhere on the site, but I've never looked into it. Most times I'm too busy watching what I'm doing and always playing movers so don't look to see what they are doing. I'm calling Steve (owner OTCcharts) now to see about getting realtimedata so that multiple stocks can be seen at same time.
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