Good way to get smoked, these stocks are pennystocks for a reason, they are trash. I dont know if I"ve ever dip bought a crash in 10 years.
It's one of Tim's videos ...I can't remember which, but it was about going long and the quickest way to build your small acct.
lol... too late... I'll have to find that video and share...
$PSDV was down due to other ppl being investigated and/or arrested. It's up .12 after hrs. :) ...I also can't find that specific video about lazy investors and stop limits.. triggering the falling knife pattern. I'll keep looking....
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also you could solve your cash account issues it sounds like if you just used say 75 percent of your account for the week and divi that up for how ever many trades you wanted to make
So effectively this means no more missed opportunities because of PDT BS and since we don't use margin anyways who cares
The only other option is paying like 30 bucks a commision at a offshore brokerage
@TYMTT you're awesome. I'm going to use margin this coming week food momentum trades I quick profits but I definitely plan to transition into cash account in the future
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@Kody honestly unless you have watched all the videos taken detialed notes and are in the challange group and the stt pro group. don't start trading if you look into dux trades he first started with ib and then moved Tim's secrect broker. What ever you do don't trade with large amounts of money stick with 500 shares you have to see the patterns first.
well said goldencrown505.
Very good advice. Thank you.
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But, that's the problem. I was cutting losses. I've been realizing loss after loss when the stock "should have" gone up because I "prepared." So, now that I know hedge fund mgrs are messing around with penny stocks.. Houston - we have a problem. These mgrs were not messing with pennies when T.S. started. His videos explained they don't want anything to do with pennies... but... apparently, that has changed.
btw.. MSNBC reported what I suspected was true. They covered the fact that hedge funds were buying up and/or shorting small caps. Meanwhile... those of us who are trying to grow our accounts are locked out of this or that due to PDT, min. requirements, free riding and settlement days... I don't see a way around this...We, the small newbies, can't compete with hedge funds.
The only thing I can think of is to either go for higher priced stocks, or those that may garner less attention from the hedgehogs. ...but I don't know what those may be. Perhaps those with so-so news... or with a history of less volatility or slower gains over time. When HF can block off entirely massive amounts of shares and just sit on them while the rest of us try to buy low with our high hopes based on the news... they, imo, are manipulating the market. It's unfair... So, if you, or anyone
has any other solution to this (new) problem - other than realizing loss after loss while our puny accounts dwindle, I'm all ears....
Thanks for the post!
You're Welcome!
And - here's another video - Same Falling Knife Panic Pattern: https://www.youtube.com/watch?v=rlwtAXrV4XI
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