posted
I've hunted and chased all over the internet looking for decent information on Mikey's Method (which I've heard of, but that's about it). Sadly, about every trail I can find ends up being a sales pitch to participate in some class or classes on commodity trading with a substantial tuition, both in time and in convienience. Can anyone direct me to some site that would, at least, provide a definite description or definition of Mikey's Method. Actually, I'd like a quite detiled development of the "technique" that I can study rather than some amazing claims of its success or interesting and facinating stories of its historical development. So far, what I've been able to find on my own, sounds like a pitch from a snake-oil salesman from a back platform of a mule drawn wagon.
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posted
there is no cost to it... you down load quote tracker which is free... it hooks into your ameritrade or what ever.... then you down load the mikes method manual which is free.. and located at stock hide out dot com and ever day mike gives free training at the chat room there.... actually mike is the only guy doing it for free.... and you can email him and he will email you back....
all mikeys method is very simple... you just click on the volume button on quote tracker... and it will show you preopen volume so you know what stocks are going to gap..... then if the bars are green and its up trending perhaps news you jump in....
there is another good guy out there and his name is bill paneta and he runs a daily forum which is charged and he teaches paid seminars... but there worth it....
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right now at preopen i have keyed every stock from ever board and ever list into my qoute tracker... i just paisted them in... the market is not open yet and the stocks have lined up on premarket volume... ptsc is about 4th cnes is 1st, nnnc 2nd, omog 3rd,
so i lost 200 on nnnc yesterday (run died) cnes is a dog, omog is ok... but i know ptsc has been running on news anticipation.... so i am hoping into ptsc..
so just watch it... it is indicating it will run for at least a few minutes.....
posted
Ok, the markets been open 8 minutes now and i have made 170 dollars on ptsc... i like to make a hundred a day... and so its 9:39 and i am going to take the rest of the day off...
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posted
its 9:40 now ptsc is still up but it started it morning dip... it is now # 16 in volume so there are a lot of good stock you could play this morning..
but i can only make one trip a day...
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quote:Originally posted by blueranger: right now at preopen i have keyed every stock from ever board and ever list into my qoute tracker... i just paisted them in... the market is not open yet and the stocks have lined up on premarket volume... ptsc is about 4th cnes is 1st, nnnc 2nd, omog 3rd,
so i lost 200 on nnnc yesterday (run died) cnes is a dog, omog is ok... but i know ptsc has been running on news anticipation.... so i am hoping into ptsc..
so just watch it... it is indicating it will run for at least a few minutes.....
now go and critize mikeys method.
did you use a trailing stop/loss or regular stop/loss on NNNC? .. anyways PM the method i might experiment with it...
-------------------- Let the world change you... And you can change the world.
posted
i dont think ameritrade lets me use stop losses on subpennies.... i think i tried it before and it did not work.... i held nnnc to long and went to lunch and i came back and it had died....
actually if you want to know a secret this method was invented by dardog.... and the way he plays it is with stock filters in microcaptrader... he sets his filter to show what will gap 5% on open... so he checks all the stocks about 5 minutes after open to see gappers and runners... then he checks news and charts and decides which ones to jump in.... he had an old post explaining his filters...
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I appreciate the information in the PM. I'll be looking into Mikey's Method. Primarilly, I want to know what it is. I'm strange, I guees...I like things to learn. My old high school teachers never appreciated that I insisted on choosing exactly what, but, hey, that was way back when I was only 6 foot tall and sportin about with a little blonde named Michellette. She had huge big brown eyes and big........hmmmmmm.....lets just say she was most advanced in a purely female sort of way.
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Despite these claims, however, between January 1997 and September 2000, a period during which Radcliffe claimed to have used “Mikey's Methods” as the basis for his personal futures trading and as a means of earning a living, Radcliffe's personal trading accounts suffered aggregate net losses of approximately $4,000. Further, between April 1998 and September 2001, Radcliffe suffered aggregate account losses of just under $25,000 in his personal futures trading. As such, the trading system “Mikey's Methods” did not successfully generate “good profits” or provide any sort of “living” for Radcliffe. Rather than being the successful futures trader that he touted to the public, Radcliffe had a poor futures trading track record and has not been able to earn a living from his own trading. Instead, he appears to have earned his living, in substantial part, by selling books that claim that he earns a living trading a system.
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posted
we are talking about 2 different things... we dont trade futures.. or options we trade penny stocks... this method is used successfully by a number of people... it works with microcaptrader or with quotetracker... with microcap you use dardogs filter which finds the gappers on open... and with mikeys method you use premarket volume..
this is the simplest way for the rookie... and the only mistake you can make is staying to long.. and being gready..
these methods have only been around about 3 or 4 months... dardog probably 6 months.. so nobody was doing this in 1990...
all you do is paste tons of stock symbols into your quotetracker... then at 9am you click on volume.... the stocks will start lining up by premarket volume.... you pick out 4 or 5 you like and you go and look at the charts... and the news... then you hop in to the one you think will run and you hop out at resistance....
So for example if the premarket volume is high on ptsc and then you go and check the news and it says they settled with intel then you know this will be a good morning runner... you hop on... and look at the chart and hop off on resistance... and you may do this 3 or 4 times in a day with the daily dips..
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That thing you have a link to is a "complaint"....it is not a collection of facts, but a collection of "claims", supposedly warranting a legal proceding. It remains for the complainer to "prove" the allegations.
Any way, were all the "claims" actually facts, as blueranger has pointd out, it has essentially nothing to do with "Mikey's Method" and, moreover, my query was for information that would tell me what IS the method or technique. I specifically stated, "...I'd like a quite detiled development of the "technique" that I can study rather than some amazing claims of its success or interesting and facinating stories of its historical development." I can see that I should also have made a specific request that no negative claims or opinions were needed either. I prefer to make my own judgments on the worth of the method.
P.S. Although I do appreciate your concern, I must point out that you have touched on a theme that , to me, is most dischordant. I find disturbing the assumption that a person is guilty because some entity was able to file a legal complaint, leaving entirely the notion that is a foundation block of this society, i.e., that a person remains innocent until PROVEN guilty. Guilt by district attorney (or any other similar or equivalent authority) is UnAmerican!
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posted
everybody is trying to make this complicated....
and it really is the simpliest trading method thats out there...
Master keith explained it above...
there are only a few ways to make money in penny stocks.. 1. fall in love with a stock and go long term. I did this with cnes and it cost me big time.. cause most of these pennies are diluting. 2. bottom busting.. where you buy at bottom of cycle. 3. news plays... watch news ever morning. 4. group plays... these always cost you.
and now this has been invented and its only a few months old by mike parker... and the only reason you can do this is because of technology...and its very simple..
a. paste stock symbols into quote tracker. b. click on volume c. at 9 am the stocks will start lining up by preopen market volume... d. pick out a few and check the news and charts and make your decision...
if you wanted to enhance this you could add dardogs microcaptrader filters to it...
then sell at resistance....
remember this is daytrading pennies...and your basing your decision on volume.. so you would not jump into any of these .0001 stocks...i would not even load any of the really dilauted ones in..
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I don't think I've been at this long enough to get intentionally involved in daytrading (don't have a sufficient amount of funds, either), but with your help (and others) I think I'm getting the idea of what Mikey's Method does. The nearest I've come to day trading is frantically trying to sell a stock I bought earlier in the day when I see its crashing toward nothingness.
Leave out the day trading part of the Method and it isn't much different from something I've learned to do on my own (and without computer software....remarks as to the softness of the matter between my ears will not be tolerated!). I gather a collection of "maybe" stocks after doing some work on their possible worthiness, then scan the premarket L2s for activity. If any on my "acceptable" list show up, I may buy, intending to get out in a few days. I sell that day only if I think I have to to preserve funds and sanity (again, remarks as to the softness of the matter between my ears will not be tolerated!). I win some, loose some...but, over all, with careful monitoring to see if i need to get out when one tanks, I'm ahead.
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That thing you have a link to is a "complaint"....it is not a collection of facts, but a collection of "claims", supposedly warranting a legal proceding. It remains for the complainer to "prove" the allegations.
Any way, were all the "claims" actually facts, as blueranger has pointd out, it has essentially nothing to do with "Mikey's Method" and, moreover, my query was for information that would tell me what IS the method or technique. I specifically stated, "...I'd like a quite detiled development of the "technique" that I can study rather than some amazing claims of its success or interesting and facinating stories of its historical development." I can see that I should also have made a specific request that no negative claims or opinions were needed either. I prefer to make my own judgments on the worth of the method.
P.S. Although I do appreciate your concern, I must point out that you have touched on a theme that , to me, is most dischordant. I find disturbing the assumption that a person is guilty because some entity was able to file a legal complaint, leaving entirely the notion that is a foundation block of this society, i.e., that a person remains innocent until PROVEN guilty. Guilt by district attorney (or any other similar or equivalent authority) is UnAmerican!
In this case there was more to it than that; the complaint does, after all, point out that the person mentioned actually lost money in the market - contrary to their claim.
Anyway, if the method and/or person in the complaint are different, then this is all largely irrelevant.
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posted
Anyway I'm here to learn, but I do point out when I see something that doesn't look right. All comments/corrections are of course welcome (that's what these forums are for after all).
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posted
No, jobu, the complaint "claims" things, it points out nothing. A complaint is an allegation or set of allegations, NOT A SET OF FACTS. There is nothing at all that ever requires that any part of a complait be true. To insist that they be true violates the legal assumption of "innocent until proven guilty".
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quote:Originally posted by bdgee: No, jobu, the complaint "claims" things, it points out nothing. A complaint is an allegation or set of allegations, NOT A SET OF FACTS. There is nothing at all that ever requires that any part of a complait be true. To insist that they be true violates the legal assumption of "innocent until proven guilty".
bdgee, the part I quoted is under the heading III. FACTUAL BACKGROUND
It is based on a set of facts (namely, the defendant's financial records) that was collected by the CFTC as evidence for their case, which can be readily obtained by the government and represents fact, not opinion or hearsay.
Let's review what the complaint stated:
quote:...Radcliffe's personal trading accounts suffered aggregate net losses of approximately $4,000. Further, between April 1998 and September 2001, Radcliffe suffered aggregate account losses of just under $25,000 in his personal futures trading. As such, the trading system “Mikey's Methods” did not successfully generate “good profits” or provide any sort of “living” for Radcliffe.
The claim in a complaint that certain things are facts is exactly that....A CLAIM. If merely claiming in a complaint establised fact, and thereby guilt, then there would be no need to have hearings or trials.
You need to do some study about things that clearly are without your knowledge. Again, the statements in a complaint are not facts until they are proved! Their appearance in a complaint, even with the claim that they are facts assures us they have not been proved, at the time of writing or submission of the complaint. Otherwise, they would not be allegations in a complaint. Thus, based on nothing other than a complait, you are awarding guilt without the accused being allowed a defense. Quite unAmerican!
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The claim in a complaint that certain things are facts is exactly that....A CLAIM. If merely claiming in a complaint establised fact, and thereby guilt, then there would be no need to have hearings or trials.
You need to do some study about things that clearly are without your knowledge. Again, the statements in a complaint are not facts until they are proved! Their appearance in a complaint, even with the claim that they are facts assures us they have not been proved, at the time of writing or submission of the complaint. Otherwise, they would not be allegations in a complaint. Thus, based on nothing other than a complait, you are awarding guilt without the accused being allowed a defense. Quite unAmerican!
WASHINGTON, D.C. -- The Commodity Futures Trading Commission (CFTC) announced today the settlement of an enforcement action filed on January 15, 2002, against Michael Radcliffe of Mosheim, Tennessee (see CFTC News Release 4597-02, Jan. 5, 2002). Radcliffe consented to the CFTC’s issuance of an order finding that he made false statements on his Internet web site, www.mikeysmethods.com, about a commodity trading system that he had developed.
The CFTC order finds that, from at least 1997 through September 2001, Radcliffe solicited customers to purchase a commodity trading system manual called Mikey’s Methods to Money or Madness and a book about commodity futures trading called Learn to Earn. According to the order, Radcliffe falsely stated that he personally made "good profits" by trading with his system, and that he made his living through such trading. The order finds that such claims were false because during the relevant period, Radcliffe sustained aggregate net trading losses, and his personal futures trading did not provide a living for him.
In consenting to the entry of the order, Radcliffe neither admitted nor denied the allegations in the complaint or the order’s findings. The CFTC order 1) requires Radcliffe to cease and desist from violating the Commodity Exchange Act, as charged, 2) requires him to pay a civil monetary penalty of $15,000, 3) orders him never to seek registration or exemption from registration with the CFTC, and 4) orders him not to misrepresent performance results achieved by any commodity futures or options trading system or the risks of trading pursuant to any such system.
The following Division of Enforcement staff are responsible for the case: Susan Bovee, Wendy Woods, and Alan Edelman.
Media Enforcement Contact: Susan Bovee, Associate Director CFTC Division of Enforcement, (202) 418-5409
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posted
"In consenting to the entry of the order, Radcliffe neither admitted nor denied the allegations in the complaint."
Oh, I am convinced. You refuse to read or accept facts or the constitutional foundation of our society.
Again, I asked a simple question that had absolutely nothing to do with your desires or interest in bad mouthing something I don't care about. You add nothing at all toward the information I requested, only harrassment.
Clearly, had I asked for someone to provide me with some internet site where I could learn the function and mechanism of a telescope, you would respond, no doubt, with the Churche's charges against Galileo, then follow that with his eventual "confession" and agreemewnt to never publish those "falshoods" again. And no doubt you insist that evolution is just a theory.
quote:Originally posted by bdgee: "In consenting to the entry of the order, Radcliffe neither admitted nor denied the allegations in the complaint."
Oh, I am convinced. You refuse to read or accept facts or the constitutional foundation of our society.
Again, I asked a simple question that had absolutely nothing to do with your desires or interest in bad mouthing something I don't care about. You add nothing at all toward the information I requested, only harrassment.
Clearly, had I asked for someone to provide me with some internet site where I could learn the function and mechanism of a telescope, you would respond, no doubt, with the Churche's charges against Galileo, then follow that with his eventual "confession" and agreemewnt to never publish those "falshoods" again. And no doubt you insist that evolution is just a theory.
Thank you.
Thank you very much!
I too was interested in the method and so I did some searching to find out about it. When I found what I believed to be relevant information here, I posted it. After all, it is my understanding that this forum is for the benefit and edification of all subscribers and not just for you or me. I'm sorry that you're choosing to get upset over factual information, that you choose to selectively quote articles that I post and then interpret them out of context.
Anyway, I am finished with this topic. Have a good day, sir.
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posted
I'll give you one thing, you are able to persistantly (and selectively) ignore facts, particularly the fact that I asked that opinion and propaganda not be submitted.
I hate to disappoint you, but I'm not upset, which seems to be your goal. Certainly you are more interested in fostering your own opinion than you are in my query of what is Mikey's Method, not what opinions of it are.
You base your position on legal procedings, which have absolutely no relation to what the technique of Mickey's Methos is. Even today, it isn't difficult to find legal complaints claiming as fact that the Earth is round or that God made the world in exactly six days, then rested on the seventh. (If you doubt that, then use your talent at googling and hunt a few down. The legal system is open to fools and fanatics too.) That doesn't make those claims fact, just allegations of fact in a legal proceeding.
I started out knowing there had been legal procedures used to silence the original mikie of Mikeys Method. But instead of any information on what the method is, everything out there seems to be your sort of interference with the gathering of knowledge. So, I asked specifically for information on what Mikey's method is, without the opinionated propaganda that gets in the way. You responded with more propaganda. So I asked that you respectfully note that I ask for information on the technique and not opinion. Your reply was lack of respect for my interest.
Again, I thank you for providing your opinion.
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