Question, is there a way to do an a/h movers scan? I use your p/m scan method but it feels like it doesn't work for a/h. Please advise. Thanks!

Arulles: it means the nubers of shared to trade at that Ask price went up, and down for red

Ronnee: Yes, in the stock hacker at the top select for all stocks then the next tab That Intersects with Lovers and Losers select Post-Market Movers

Ok makes sense

news is different than a pump. I'd be careful shorting biotechs on good news.

I'll have to word it differently in the future. But its weird that news can make it jump so high

Pumps and news are very different. Pumps are paid for by the company with the sole intention of insiders selling off their stock at a big profit. News has a (maybe) legit reason for the spike. The article says that if this stuff works it will be the only medicine on the market for this particular disease. Big $$$ potential for the company.

True

@tshirtfunded I greatly appreciate your words... Your are extremely kind

In this situation, I would have just went with a market order.

@fastdounut Yeah I agree.

Go with the trends, the trend here was sell sell sell so taking a long position was super risky and ended up costing a lot. Good luck though

Thanks, Ike. It really helps to read the logic of a successful trader

hey Ike, about what time did you decide you saw enough support in the channel to start buying?

What account size did you start with?

Great trade. thanks for sharing!

@PedroMad Yes, oil completely reversed the move today. The question is, is this a short term top, or will it really break out tomorrow? Also, look at XOP, XLE they still have a ways to go to regain everything they lost yesterday

@PedroMad Those stocks you mentioned, could keep climbing if the sector stays strong, but they are also junk companies with bankruptcy risk so be careful going long overnight with those ones.

@PedroMad The setup for tomorrow is much less predictable, I do not know what will happen. The setup that I banked on was much more predictable because everything was straight up for days in a row, making the pullback day very likely

yes, thanks.No, i want desperatly short those stocks!!! Could almost bet LINE goes down, and could be shorting overnight, but hope 's not a strategy!

I just decided it was time to jump in. I don't think there is a simple answer. Just go for it. I will say this...paper trading and real trading are two very different things from an emotional standpoint. it is much more difficult to cut losses when its real money you're losing. good luck, my friend. :]

Thanks for this blog post.. :)

Dip your toes in, and if its too cold, GET OUT! And try again when it feels just right.

When you are ready to swim in the water with sharks, then you're ready.

@Palmer TOS and FinViz are both great tools. I agree that the struggle of reliable penny stock data is definitely real tho. You're right, there's still an abundance of opportunity in this niche. It's crazy how few ppl trade this strategy. More $$$ for us :)

Great training video! I just opened my TOS account and didn't realize how powerful the scanning tools are. Now I'm trying to figure out the best way to scan pre- and post- market prices...any suggestions? tx

@sdparkhurst yup...check this video http://profit.ly/user/Palmer/videolesson/using-tos-to-scan-for-early-market-movers

be sure to add the Shares and Market Cap to your scan results headers too

@Tunde1306 you're looking at the wrong stocks

Possibly but its not just the earnings, it's people's reactions to earnings.

@Tunde1306 Yes! Very important distinction

excellent post. thanks for providing the chart too.

@osirustwits I defiantly need to focus on my size, I haven't been perfect lately so I jet size in a bit more to make up for the non-perfect exits/entry's, but that can also mean bigger losses

Bowles, Killing it. Do you use the TOS scanner?

howd you get KTOV on your radar?

@Bet0nBlack @Learnthings I used the TOS scanner and it came up in my multiple intraday scans as a biggest % gainer

Flux is what I use on my mac

Computer Vision Syndrome or Digital Eye Strain. Read more about it on Google. I've been using the Gunnar computer glasses with yellow lenses. They help tremendously especially if you get migraines. They basically filter out the bright white light or glare. Make sure the glasses cover your eyes well. Avoid the skinny fashionable ones. Reduce the contrast and brightness on your monitors. Improve your posture and fix the lighting in your room. Some heavy tech users now stand rather than si

Some heavy tech users now stand rather than sit to improve health. (i.e. - Nate from Investors Underground). Use lubricating or artificial tear drops as needed. When resting, use the 20 20 20 rule to re-adjust your eyes or rest your eyes closed every 30 min. If things worsen see an eye doctor.

TraderH is on the money. I also use computer glasses. I think even cheapo shooting glasses work to block out blue lightwaves. I also stand while trading. I picked this up from Jesse Livermore's books on trading...