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Author Topic: DAMN I GET BORED.............
Ktrain420
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Open the market 7 day's a week!!!!

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"IT'S NOT LUCK IT'S DAYTRADIN'"

"HERE'S MY 2 CENT'S, SEE IF YA CAN TURN IT INTO A BUCK"

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MxPx
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HAHA I know what you mean!!!!!!! I think down the road they should offer 24/7 trading:)
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Ktrain420
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but if they did that we would be rich MXPX!!!!.....LOL

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"IT'S NOT LUCK IT'S DAYTRADIN'"

"HERE'S MY 2 CENT'S, SEE IF YA CAN TURN IT INTO A BUCK"

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MxPx
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LOL I am sure the MM's would not like that very much... heh
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Ktrain420
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i think we got um........how has the year treated ya so far??

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"IT'S NOT LUCK IT'S DAYTRADIN'"

"HERE'S MY 2 CENT'S, SEE IF YA CAN TURN IT INTO A BUCK"

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MxPx
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So far so good I am currently now trying to track how these pennies play out. Just like dadog says its all about trends and patterns, right now I am looking at DBRM and tryin to graph what took place. I figure on top of my trading if I could hold a stock for a good couple weeks and gain many hundreds of % I will greatly add to my nest egg.

So how has the markets been for u so far Ktrain?

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dellamorte dellamore
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I think there have been some rumors about doing something like that , in order to compete with Forex and some other exchanges that are 24 hours a day . That would be great , at least 6 days a week just to give everyone a breather , a slight pause in the action , because i hate weekends now , any day that i can't buy or sell , or at least watch the action is depressing [Smile] .
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diligence_done05
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*ACOR* is a stock to reveiew this weekend if you have a few minutes.Float is 8 mil.(insiders hold close to 5 mil)The emergence of Homeland Security Network Inc. and the spin off of Autocorp takes place Monday

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diligence_done

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Ktrain420
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the market has been great to me so far.....i have been killing the runner's... if it keeps up like this......"life is good", if ya get any hot tips drop a line MxPx and i'll do the same........i've been averaging $300 to a grand plus a day!!.......i went on that wall street interview and now just waiting on a reply......until then trying to rule pennyland!!......lol

--------------------
"IT'S NOT LUCK IT'S DAYTRADIN'"

"HERE'S MY 2 CENT'S, SEE IF YA CAN TURN IT INTO A BUCK"

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striper
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Ktrain i read your picks during the day and see that some stocks you pick have very low volume is's hard to get out and if you want how are you finding this picks.

thanks
striper

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MxPx
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Sounds good Ktrain I have been averaging between 300-600 a day sometimes I just trade on and off through out the day though. Soon we will both be the top players in pennyland and we will be the ones making that 1 million plus a year:)

Also too keep an eye on ONEV if I am doing this right I believe this one will see .20+ soon it appears to have a similar trading pattern to two other ones that played in late '04 and if all goes well I am lookin for a run sometime in March. I will be tracking this one and possibly playing more of these penny stocks that trade alike if all goes well with this one. But as of now I am keeping an eye on her.

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Dustoff 1
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24/7 ?? We would all be DIVORCED
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Ktrain420
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Striper most of my picks have over 100,000 in volume by the time i buy them, i may notice them at 60,00 in volume and once it moves im all over it, i never have had a problem getting out due to the volume. Maybe the price i want.....lol

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"IT'S NOT LUCK IT'S DAYTRADIN'"

"HERE'S MY 2 CENT'S, SEE IF YA CAN TURN IT INTO A BUCK"

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striper
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thanks Ktrain
I'm new to trading and i get scared to enter a stock with low volume i was told it could be hard to sell but if i set the price right it will sell is that true

striper

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STOCKLOVER
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we need to do somthing on the weekends....all I think about it trading. I hate to say it...I think I am addicted.

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bling bling.

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*Mag*
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stocklover join me in some beers mate, relax and enjoy the weekend!  - [Smile]  -  -

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^..^

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bousbous55
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where do you all get those happy face things from???
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Ktrain420
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UMMMMmmmmmmmm........BEER!!

--------------------
"IT'S NOT LUCK IT'S DAYTRADIN'"

"HERE'S MY 2 CENT'S, SEE IF YA CAN TURN IT INTO A BUCK"

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bousbous55
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LOL
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GHOSTRADER
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<ponders> would it be worth a devorice to trade 24/7 id be to broke for the courts to tkae any thing lmao ...... but im not married any way so it woudnt matter lol
matt

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BT
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Ok, now I'm bored. Does anyone know how many trading days there are in 1 year? January to December?
I think there are 9 Holidays and 104 weekend days.

I'm just to lazy to figure it out exactly.

How many trading days are there? Half days count since we can trade on those days.
Thanks.

[ February 27, 2005, 14:31: Message edited by: BT ]

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Charts are like artwork, it's the same painting to everyone but each person see's something different.

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STOCKLOVER
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Another weekend....weathers nice today here in Alabama....Im off for 18 holes....see you guys monday.

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bling bling.

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Newpaper
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I am bored, too so I purchase a book called Technical Trading Tactics by John L. Pearson. It is quite good but too in-depth for me right now. I am very blessed so far with playing the pennys being that I didnít loose any yet. I made some money on the tail of the qbid run but sold it and bought cmkx and lost all the profitsÖlol. So I am back to square one.

I have prrm and qant right now and got in a .0001. I donít day trade because I donít have the $25,000 Ameritade needs before they allow you. I think I am better off since I am inexperienced. I am having a great time though. I really tried to listen to people like Ktrain and dadog. They seem to really know their stuff and are lucrative in their financial endeavors.

Trading is now my favorite hobby. Good luck to all.

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GT500
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You don't need $25,000 to day trade with ameritrade, it's just that you can't use unsettled funds to buy and sell before they settle.

So, like someone suggested, if you have $3000 then use $1000 for monday, $1000 for tuesday, and $1000 for wedensday, so by Thursday first $1000 (if you bought & sold same day) will settle and you can use it again.

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Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game.

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Newpaper
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Thanks GT. I feel a bit foolish not knowing that.
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GT500
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No problem, I actually looked into those things this past week because I'll be opening account with ameritrade on Monday.

When it comes to day trading they're the same as everyone else, you just can't use unsettled funds to buy and sell before they settle.

Good luck and I hope CMKX won't happen to you again:)

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Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game.

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Pagan
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GT500 & Newpaper-

An NASD & SEC rule that applies to anyone who buys and sells a particular security in the same trading day (day trades), and does this four or more times in any five consecutive business day period. Pattern day traders are subject to special rules. The main rule is that in order to engage in pattern day trading you must maintain an equity balance of at least $25,000.

Just for your info

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It is impossible to make anything foolproof because fools are so ingenious.

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GT500
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It gets more and more complicated depending on what and how many times you trade.

If you buy and sell XY stock on Monday with your first $1000, and then go and buy & sell ZY stock on Tuesday with your 2nd $1000 and so on..you'll be fine.

Now, if you want to buy and sell XY stock 5 times in 2-3 days that's different.

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Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game.

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GT500
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The $25,000 rule is to prevent using unsettled funds to buy and sell.

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Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game.

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Newpaper
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Thanks Pagan and GT for the info.
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Pagan
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GT500-

Unsettled funds have nothing to do with it actually. The 25,000 rule is explicitly to prevent daytrading with accounts below 25,000. You cannot make 4 roundtrip transactions within 5 consecutive days...whether the funds are settled or not if your account balance is below 25,000. If you do so...you'll be tagged as a pattern daytrader and have to bring your account up to the 25,000 minimum.

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It is impossible to make anything foolproof because fools are so ingenious.

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GT500
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When you say 4 roundtrips within 5 days, you mean trade same stock (XY) 4 times (4 time buy/4 time sell) within 5 days?

That is different.

I've been trading different stocks (at least 2-3 roundtrips every DAY, so 10-15 roundtrips a week) for ~ 4 months now and no problems at all. I'm in Canada but trade only US stocks.

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Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game.

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Pagan
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GT500-
Roundtrips are buying a stock and selling that stock the same day. If this is done 4 times in a 5 day period...that when the 25,000 rule comes into play.

And as far as avoiding the settled/unsettled funds issue....get a margin account....that will alleviate any settlement issues. JMHO...

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It is impossible to make anything foolproof because fools are so ingenious.

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GT500
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Interesting, I just called my broker (scotia mcleod) and they seem to agree with me, no problems at all unless I use unsettled funds.

Maybe this is one of the differences between US and canadian brokers.

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Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game.

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Pagan
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GT500-

Very possible. I just thought you'd have the same regs in Canada since you were trading US stocks. Very interesting....

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It is impossible to make anything foolproof because fools are so ingenious.

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