Turbobob

 Received 5 Karmas
Palmer
Palmer Feb 21, 7:30 AM

CARA liking that one also

WolfOfProfitLy
WolfOfProfitLy Feb 21, 12:00 PM

Hello @Turbobob I have recently been struggling on capturing profits and cutting losses intelligently. So, I would like to ask, what minute candles do you care about the most, in other words how do you determine when to sell or buy, since the stock is always moving up 5 cents then it goes down 10 cents, and then maybe it goes up 3 cents, and it seems choppy to me, so is there a certain minute interval you use to guide your trades? also what would be your best free up to date news source? Thanks

Turbobob
1Turbobob Feb 21, 5:07 PM

Wolf - I trade using the 5 minute chart mostly or the 1 inute chart in the context of the 5 minute chart. But, I also watch level 2 closely. The charts gives me areas of support and resistance and direction. But level 2 gives me a better indication of when to buy or sell (if the chart indicates such an action). Free news? I suppose there are lots of them. But I am using stocks to trade for a monthly fee.

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Palmer

 Received 6 Karmas
sokie18
sokie18 Feb 21, 3:09 AM

I am a Challenge Student and went over your TPSQ, I have learned a lot from them... I think I learn more by reading your simple, logical, easy to understand teaching tool. Please provide me info on how can I avail of the manual and how much. I felt The Force in me after reading you... Thank you very much Palmer!

TraderDunn
TraderDunn Feb 21, 6:39 AM

Try recording your trades in a csv file and upload them on here. A lot faster for me!

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Palmer

Got gagged for this...Palmer → kuberan:$MCHX looking for 3 to get taken out and possible move to VWAP at the most but 3 has to go first..odd time of day here.... Not going to participate in chat for while.... Cheers

 Received 3 Karmas
devask168
2devask168 Feb 10, 12:58 AM

I don't get it? Is what you said off topic and not an alert? If so why can we congratulate Mark Croock?

Palmer
Palmer Feb 10, 7:28 AM

@devask168 wellll..i think a new life form is important but not sure why I got the gag. maybe if it was meant for the entire room instead of one person. and isn't it funny how $MCHX made the move to the VWAP and failed? hmmm...i'll be back in there next week at some point...

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alealvarez

Hey @Palmer ! How do you find TOS and TDAmeritrade when you want to short a stock? Do you usually find shares to short when needed? Any good or bad experience when shorting would be very much appreciated :)

Palmer
Palmer Feb 08, 9:13 AM

You can add the HTB/ETB to the scan list headers to see if the stock is shortable...check video #3 here http://www.thepennystockquest.com/tosvideos1.html If a stock is HTB you can call to try to reserve shares..extra step but it can be done. I have been focusing on momentum trading lately so I have not shorted much in a while.

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Palmer

@Treboni let me know what MJ said about this Treboni → MichaelGoode:In regards to you writing IDXG prices $3.6m at $3, public offerings aren't great news, but seeing a ton of support right at $3. Any thoughts or completely ignore this guy today? Interesting if the offering is right at support...you'd think it would just bounce up if the stock is strong...

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Palmer

NAKD is nothing but a short now...done waiting for upside on it. PULM might have a pop or two left. Tapping out here...

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asadrealife

@Palmer hey please explain what you were telling me about ARCA

Palmer
1Palmer Feb 02, 1:36 PM

ARCA is the preferred clearing house to trade after house and pre-market. When you see Level 2 quotes and the different exhchanges per those orders, ARCA is preferred ahfter hours.

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