Palmer

 Received 4 Karmas
nirvanaghk
nirvanaghk Jun 26, 8:18 AM

I watched your video, thanks, in TOS Shares are not float

Palmer
Palmer Jun 26, 8:29 AM

@wannabestocktrader i just feel that if price ticks down then to my original price I see that as a psychological, oops, I'm wrong thinking it;s coming back down. but you are correct...i should 'finish' the order since it is part of the original plan

Palmer
Palmer Jun 26, 8:31 AM

@nirvanaghk it's not exactly the float, it's a little higher, but it is not outstanding shares either. if you look at shortsqueeze.com, yahoo, google, they are all different also but close enough to get some kind of number. i think it depends on the date of the data

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wwestlund

Palmer
Palmer Jun 24, 9:24 AM

Always remember that family comes first and the 'real' 9-5 job is what pays the bills. A few months back my work schedule changed and I missed the first few hours of the market open.

Palmer
Palmer Jun 24, 9:26 AM

I had to, and still are, trading option credit spreads because it takes less monitoring and things move slower. I now have a few mornings here and there but not every day again yet. Have to have patience, the markets aren't going anywhere. But either way,

Palmer
Palmer Jun 24, 9:27 AM

after all this time I (we) still need to keep up with things in the markets about what is moving or moved and be prepared for that window of free time we have. I thought I would be back to my normal schedule now but looks like another month of a few mornings a month. So, now I am looking into some longer term entry holds. Must learn to adapt.

Palmer
Palmer Jun 24, 9:27 AM

You'll get there soon.

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nareksarokhani

 Received 2 Karmas
Palmer
1Palmer Jun 11, 7:45 AM

They are, for the most part, emotionally hype driven one-hit wonders. The 'trend' can last all of a few minutes or a few days and they are done. We are simply trading the newest headline for these low-priced and low float stocks. The only real exceptions are

Palmer
1Palmer Jun 11, 7:48 AM

the earnings winners that can run for a a lot longer or maybe a Phase 3 drug biotech success story...just know that cancer is a lot more news worthy than toenail fungus there. Soooo...as far as a 'recession' goes and penny stocks..I would put very little weight in how it affects (or effects - never got that one straight) the trade ability of them. Just my 2 cents here.

bank_a_tronic
1bank_a_tronic Jun 11, 9:20 AM

Then sometimes traders tend to concentrate & hone in more of the same & it the trend of traders' price action is to move that stock it can RUN. We should absolutely not be worried, as traders, about a healthy correction drop of @ 1500points, or even a bear market. We are at the right place to be either way! Even if lamestream media is panicking or hyping it up, us traders will always spot potential & trade it! :))

bank_a_tronic
3bank_a_tronic Jun 11, 9:31 AM

Tim has mentioned the likelihood of some of these patterns inverting. On days when the Pre market futures are down & then at the bell when the overall markets are down we see resistance points hold stronger. ie: former highs, moving averages... so some stocks like earnings/contract winners may take longer to play out as long as chart signs keep holding.

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Chongette32

 Received 1 Karma
Chongette32
Chongette32 Jun 10, 9:31 AM

@Palmer Re: indicators I've found the 200 ema and swap which I started using to be pretty useful when determining when to buy at the open and it's also helped me avoid buying bad stocks and that's all I really use it.

Palmer
1Palmer Jun 10, 9:57 AM

I think the VWAP has relevance because A LOT of people use it. The more people that use the same indicator the more 'predictable' the overall reaction can be.

Chongette32
1Chongette32 Jun 10, 10:09 AM

@Palmer Yeah I just started using it and was thinking why I didn't use it before. lol

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Palmer

 Received 3 Karmas
dauber360
1dauber360 Jun 05, 6:22 AM

Thanks for the pointer. It looks like a terrific play to a new high. Looking at the bids on fidelity now it appears they're already looking for 54 and change. I'm gunna put in a small order for twenty at 7a to see what I catch. This will break $50 and have nowhere to go but up

Palmer
Palmer Jun 05, 6:09 PM

Thanks guys...that was a hellofamove and it all happened pre-market. Was looking for a pulback to the mid-50's but it just didn't happen.Now it's a little too pricey to try and ride a trend and some price bars a few $ per bar even on the 1 min. Setting it aside. It will happen again somewhere soon...now worries. Hoping that LOXO continues the batttle against cancer. Too many good people taken from us becuase of it.

dauber360
1dauber360 Jun 05, 10:34 PM

Missed my mark, got scared when it popped straight to $58.30. I regret not amending my trade. Great lesson learned for not losing any money, but: no money gained is money lost.

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donebeingpoor

ronemshoff
1ronemshoff May 25, 7:33 PM

Google UPS DIY to big batteries. I added deep cycle, closed cell, golf cart type battery, for about $250. Now have over one hour reserve with 4 monitors and all the other crap running. Of course you need to turn all unnecessary off when power fails.

Palmer
2Palmer May 25, 7:49 PM

Unless there is a city or block power outage you might lose a connection. I believe there are cable hubs that are power generated that can go out. Cell phone and old fashioned plug in phone always good to have. Always know the telephone number to your broker and have account # written down also.

donebeingpoor
donebeingpoor May 25, 10:17 PM

@Palmer Calling the broker...wow not sure if I would have thought of that. thanks.

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BillMalki

Palmer
1Palmer May 18, 8:19 PM

is very tricky to trade. But again, if you want to get in pre-market on these plays...go in with a lower share size and see how things play out. GLYC will certainly not be the last runner like this, there is always another one. Don't let other posters get you down either by posting how much they banked while you were being patient. How many times have you heard Tim buy pre-market? Check his account balance. $SORL much more of a controlled price move..earnings winner testing a breakout with cons

Palmer
1Palmer May 18, 8:21 PM

consolidation and volume leading the way...much more control there. Let price action come to you and don't chase. Use the pre-market high as a possible entry point, on a break to get in or during a dip at the open, price holds then swings back up to the pre-market high for a break...get in on the swing up and go from there.

BillMalki
1BillMalki May 19, 8:12 AM

@Palmer thanks a lot. Yes the volume on this one was going up in an exponential way and it broke the resistance HOWEVER it is best to wait as you said. Appreciate the explanation.

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Chicago777

 Received 33 Karmas
JohnnyIN
1JohnnyIN Jun 13, 10:59 AM

Stay strong my friend...you got this!

bank_a_tronic
2bank_a_tronic Jun 17, 2:39 PM

Just saw your post, Daniel- have been super busy packing big move to Texas. Hang in there- You can do this! I had a similar experience reversing neurological damage that set me back for quite some time, but we CAN still go foward even if they are just smaller steps right now. You will be in my good vibes and meditations! Keep your head up & the positive momentum ALWAYS going- never letting up 🌸

Dtorres69
Dtorres69 Jun 27, 12:46 PM

Thanks, hope you are better

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