posted
Hey ric. Have you had any problems selling , i find that since i have been with choicetrade for a month now i have no problem filling a buy order put have only manged to have one sell order filled. It dosnt matter what the price is i've even chaseed the price down from what the ticker shows still remaining in the green thought.Seems that my sell orders just sit there,either Choicetrade just laughs and sets it a side cause my orders are to small, or what i dont know there seems to be plenty of volume .
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posted
Ric, How do you estimate your liquidity since your investment appears to be so large? (9000 can buy alot here in pennyland) Aren't you afraid of having so many shares you can't get out?
-------------------- speak from your heart, invest from experience...
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I know you've made some huge gains on TWOG. Today, alone the stock was up almost 65%. And you're still holding about $12,000 worth. Using your trading philosophy, shouldn't you have sold by now? I believe in the stock. I've taken some gains, but am still holding free shares. Do you ever sell your investment and hold free shares? Just curious Rick. I appreciate your posts and respect your trading style.
posted
good strategy in writing getting out while someone is getting in. Pump and dump is only good if enough buyers get a peice of the action and think they make it unfortunately most don't. Most lose, and we know this from experience ,it takes too much pushing for a diluted stock and I'm happy to hear someone is banking but the % is low for the ones making. Pink companies are the makers and they dilute their stock to oblivious proportions before RS. Most cry but hope will never die just your $$$.
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posted
in and out fast is the name of the game I guess ric, I learned the hard way to wait till its over and my $$ would die with my hope. Skillful trader like you learned this the hard way also for thats why your still here. You sell I buy i lose you win . News traders know the trick and play same stocks over and over again because its addicting to losers just as the winners. We all want the same thing just how we get it is the skill that is aquired only by fast pacers and movers ,sellers and buyers. Optimists hope and lose Pesimists know therefore win. I'm glad i got it
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You ask a very good question about my TWOG investment! I am finding this stock to be a small exception to my rule of, in and out with the bank, and as a matter of fact I'm still buying it, or I was yesterday anyhow.
Most OB and PK stocks have small assets $.00 to $50m or so. They run due to news primarily, but also run on what is called momo or group buying. The latter (group buying) I want no part of as way to many people get hurt as these players play them. News is what I play, because its fast paced and even though I get out as the PPS is rising, those who are buying as I get out still have an opportunity to make a profit, or hold as they choose.
TWOG has huge assets about to be released. I'm in at a low level with 85% of my investment having been at .007 and .0075 however I am adding at .011 and .012 My reason why is there is still more news coming. The primary news is that of the name of the major player who is holding the 50% stake in the oil and gas field. This 175 million barrel proven reserve is the largest there is in the OB or PK market and TWOG has 20% or 35m barrels and 36m cm of gas out of the deal. This deal is bigger than BTSI's deal with NORD and look at the PPS and the run they had! Then look at the O/S of both companies BTSI/TWOG TWOG is 80 million and BTSI is 200 million+. I like the investment in BTSI so why would I not like an investment in a company with more oil/gas and less O/S.
The investment I have in TWOG in this account totals $5786.00 and is valued at $10.300.00 leaving me cash on hand also that equals more than I started with at the begining of last month here. I have more shares of TWOG, but they are elsewhere and have also almost doubled in value.
Its very risky playing OB and PK stocks for even a few days, but this one has not stopped gaining since I started buying it, and that is why I'm still in it, I guess! That and the huge value I see that has gone unrecognized by the greater market so far! Ahead of the crowd I was on this one and ahead of them I believe I still am!
Cheers Rick
[ October 15, 2005, 07:55: Message edited by: rickpic ]
-------------------- Nothing moves a sub like news!!!
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Start capital: $500 Trading fees for the day: $20 Daily average gain: 10% 100 Trading Days
Is is an incredible big amount that could be reached.
But again, it is just a spreadsheet and simple maths.
Sounds too good to be true? Well, good question. Looking at it, it seems to be a process that makes sense. And we all know, with the right DD before spending the daily amount, 10% should be a very realistic gain.
The posting system messes up the column width a bit, but you get the idea. If anyone is interested in the actual Excel Spreadsheet, I will be happy to email it.
posted
The key to this system is minimizing your losers. Get out quick if it starts to go down.
And get out early, too. Remember, sell when it's on it's way up, as there are still buyers at that time. If you wait for it to peak, there might not be anyone to buy your shares!
The 'problem' with my calculation is that when you invest the daily amount in only 1 stock - especially penny stock - there will be too many shares in the portfolio to get them all sold.
Therefore your remark "5 stocks with 2% gains...." is absolutely a good strategy.
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Still wondering about liquidity, do you throw in your whole total into the mix or do you cap yourself? By that I mean - are you putting 10k into a news runner, or looking for 5 runners at 2k each?
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posted
are u seeing any type of problems with buying, i mean 10k purchase really spikes the charts if its a penny, so/have u seen any problems with the mms pushing down when it does? Obv. not, but what is ur input on that? Btw, good job!
-------------------- "I sell ice in the winter, i sell fire in hell, I AM A HUSTLA, BABY, i sell water to a well!"
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posted
sometimes all in one stock, sometimes in several and sometimes not all in at all. Many PR will push a stock 20-30-50% pretty fast and some even higher, so while the principal is based on 10% that is not always the case. The whole idea here was to show to all of you just what 10% daily compound increases inyour investment could be. The reason I started the topic in the first place was, because many go for the gold on every stock they play and get stuck waiting for the gold that may or may not ever come. Taking short money at a lower percentage and moving your money to the next hot stock pays better in the long run, as has been shown here in this topic!
-------------------- Nothing moves a sub like news!!!
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posted
my scottrade is very quick at both buys and sells. I have NEVER waited more than about ten minutes for a trade ot be executed. Also, they are forgiving on the daytrading rules.
-------------------- wide open until you see god, then brake!
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as a newbie, I THANK YOU for the awesome advice you're giving here... please continue to add tips as you come up with them. Us newbs really appreciate it!!! (Plus it gives us motivation to keep learning.)
-------------------- Life is like a roll of toilet paper. The closer it gets to the end, the faster it goes.
posted
Im not rickpick but I can answer your question. Because those headlines were already likely known weeks before they were released. For example, companies usually give some inclination of what they expect there earnings to be months before. So months ago that stock probably went up and then when the earnings actually did what was expected people sold. The approved for nasa venture could have had prior press releases saying the planning of whatever was going on so people sold when it actually was approved. Or they could be expecting 100 percent better earnings and only do 80. Even though they still did a record 3rd quarter earnings that would be negative since it didnt live up to expectations. Basically if it isnt new news it may not be good. If the headline said 3rd quarter earnings were 100 percent better than expected that would probably make the stock go up.
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posted
Good explanation treemoney! I seldom buy on earning reports, due to the built in factor. I buy on the addition of assets ie: XYZ buys ABC. This week has been very flat, and there has been no real big news in the penny market to speak of at all. The big one is coming though and I'll be waiting! Good Luck All!
-------------------- Nothing moves a sub like news!!!
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posted
What about bids, etc? For example, XYZ bids on 50 million dollar contract. I'd assume this is a waste of PR since a bid doesn't mean it's going to be a bid that is won. Am I right or wrong in my thinking?
-------------------- Life is like a roll of toilet paper. The closer it gets to the end, the faster it goes.
quote:Originally posted by Andreas: I did a calculation with Ric's scenario.
Start capital: $500 Trading fees for the day: $20 Daily average gain: 10% 100 Trading Days
Is is an incredible big amount that could be reached.
But again, it is just a spreadsheet and simple maths.
Sounds too good to be true? Well, good question. Looking at it, it seems to be a process that makes sense. And we all know, with the right DD before spending the daily amount, 10% should be a very realistic gain.
The posting system messes up the column width a bit, but you get the idea. If anyone is interested in the actual Excel Spreadsheet, I will be happy to email it.
---------------------------------------- Day Start $ End $ Gain $ Fee $ Net Profit $ Accumulated net profit $ 1 500 550 50 20 30 30 ... 100 3,758,549 4,134,404 375,855 20 375,835 4,133,884
Realistically, you aren't going to be able to invest that kind of money to get those results, just because it's too large a sum to play on a penny. Still, a small portion of that would be great.
-------------------- May your trading build your character as well as your portfolio.
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posted
yeah, thats true, you would not be able to play that much in the pennies, but when you think about it, you can still play a lot of money compared to 500 to 3,000 dollars as most of us do..
posted
Odd coincidence: rickpic posted the "20% rollover" gambit about the same time I was mulling possibilities for different trading styles--I decided a friendly "game" or "contest" might be fun...
My idea was for everyone who wanted to allot $300 to the "contest," then see who could drive it the highest by aiming for 20% return, then re-playing the entire gain, then repeating...
Anybody think that would be fun? We'd have to start a thread for contestants, obviously...
also (re-reading the thread) I ran a table something like Andrea's, but I ran it on 20% return--but left out "days"--in other words, whatever your frequency is...it *could* be days, it *could* be weeks--could be months...
I'm thinking weeks is more realistic than days, but prolly still fun for an on-board game...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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