BigBobby

 Received 1 Karma
Palmer
1Palmer Apr 24, 5:57 PM

In other words, they were selling into strength per the open also. Pre-market trading can be tricky. However, when you see huge volume coming in pre-market like $OPTT did this morning you can almost trade that time as a regular trading hours trade, if that makes sense,

Palmer
1Palmer Apr 24, 5:58 PM

because there is so much volume coming in. Either get out right before the open or hold about 25% of your remaining shares to give it a chance to run more. But, get out on the first sign of a moning failure like this did.

TheGrizzlyBear
2TheGrizzlyBear Apr 24, 7:48 PM

Probably becuase of all of the bag holders.. this tends to happen to stocks like OPTT, SPU, GLBS.. everytime these things have been spiking recently they just completely fail

BigBobby
1BigBobby Apr 24, 8:02 PM

Thank you all for the info, clarifies much

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mbodgg

 Received 6 Karmas
mbodgg
1mbodgg Apr 10, 9:49 AM

@Palmer Roger on the TOS. I'll have to search for that. Yes, entry at 250 day high. I do not go into all of them. Usually one at market open and one before market close maintaining a max of 9. I also look at the chart and it looks messed up I give it a pass.

mbodgg
1mbodgg Apr 10, 10:13 AM

@Palmer Found it. Did not know that was there. Awesome! Thank you

Palmer
Palmer Apr 10, 7:24 PM

@april4 Yes...was with IB but I work full time and usually only have one monitor to trade from when I have the time. TOS best charts and IB better borrows but too many windows on one screen to manage so only TOS for now.

Palmer
Palmer Apr 10, 7:25 PM

@mbodgg TOS has lots of 'tricks' in the scanner. Glad it helps.

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kilco16

 Received 5 Karmas
Palmer
1Palmer Apr 09, 7:26 PM

1 year! Amazing...congrats Steven. The same tools are available to everyone. No excuses.

Jason_Raposo
Jason_Raposo Apr 11, 3:41 AM

Very good video awesome points, Thanks for taking the time to do this for the community !!

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kenjiii16

Palmer
1Palmer Apr 08, 2:18 PM

Stocks that have heavy pre-market volume, move up at the open, come back down but hold gains are the ones to watch all day. Just gotta be patient and let the volume come back during the dips.

TimeFliesBuy
TimeFliesBuy Apr 08, 5:34 PM

@kenjiii16 that happened to me as well, it was because i turned off email alerts somewhere and when I verified my email I never got the email response from profit.ly it was odd, I also didn't get 2 of my 60 email lessons thats how I knew something was up.

XRenegadeX
1XRenegadeX Apr 08, 8:24 PM

Kenjiii, in order to find proper entries and exits, you need to study chart patterns, practice watching the time and sales and level 2, and your volume bar. This isn't something you will acquire overnight. This will most likely take months, as it has for the majority of us to see proper entry/exit.

RyanH2430
RyanH2430 Apr 09, 6:47 AM

It has become gradual for me. I started trading the large cap and medium cap stocks for a couple years before finding Tim and his video lessons. I look at the chart pattern, volume and look at prior days open and close. I am half way through the HTMM DVD and watched quite a few of the video lessons and still continually learning. I'm looking to keep my profits going.

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susanfisch

@Palmer hi man! your profits are impressive!!! I just came across this site and would like to start trading. I know zero about trading. Where can i start learning on a budget??? Thanks for your advice!!

Palmer
Palmer Apr 01, 8:49 AM

Honestly, if you are new to everything I would visit some respectable sites and learn the absolute basics. There is so much crap out there it makes it difficult to find a starting place. You might want to Google something like stock trading for beginners...very generic. Don't buy anything except that book and take at least a few months to learn as much as you can.

Palmer
Palmer Apr 01, 8:52 AM

Before spending money on any type of subscription service, sign up for a free demo trading account to learn chart patterns and basic technical analysis such as chart patterns, support and resistance levels...basic stuff. Then maybe fund a small account where you can see real time price action and Level 2 and Time and Sales quotes. Still, don't trade, just study. After a few months of that goes by then consider a service.

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Palmer

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Palmer
Palmer Mar 15, 8:09 AM

@jesse2gunzz there are so many different strategies and buying options is actually not the best. i prefer to sell to collevt premium and let time erode the value and buy back at a certain % gain per the premium collected. focus on the probabilities of the trade. check into selling vertical credit spreads where risk is defined.

Palmer
1Palmer Mar 15, 8:11 AM

@huperauxano that's the long term plan ut when you also have to pay for a mortgage, truck, health insurance, retirement, etc....there is a lot to cover there!

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