Palmer
Palmer Dec 04, 17 4:47 PM

They will more than likely do an offering but if you got in at 3.12 you need to scale out as it moves up to bank something along the way.

Noble1222
1
Noble1222 Dec 04, 17 5:42 PM

i think it's at $3 now after an S-3 filing hit in after hours. my recommendation is anytime you have almost a 33% profit then take 50% to 75% of your shares off and bank the profit.

Noble1222
1
Noble1222 Dec 04, 17 5:43 PM

let the other remaining percentage run - if it cracks down, it has to really crash hard to wipe out your profit. if it runs up another 100% you still have a killer gain. i see giys in investors undgd doing this, roland does it.

asfricksrs
asfricksrs Dec 04, 17 6:26 PM

take profits along the way - bank meat of move - never know the news before announced - bank it!

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MrMatt88
MrMatt88 Nov 26, 17 10:45 AM

@SArtAndPlay thank you

Torkers
Torkers Nov 26, 17 5:06 PM

Welcome ! In the beginning everything is really overwelming and thats perfectly normal. Over time you will start adapting more and more . Take really small sizes in the beginning to get a "feel" for the market - and soon you will be more and more comfortable. Study study study - Sign up for stocks to trade wich is a real good software. GL

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Palmer
Palmer Nov 24, 17 1:26 PM

The float is the float is the float...doesn't matter what the price of the stock is. Not sure if there is an actual 'float leve;' low, medium, high, etc. but I see under 15M as a low float...

huperauxano
huperauxano Nov 24, 17 10:44 PM

If you go to finviz website and type in a ticker it pulls up shares outstanding and shares float.

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RBI
RBI Nov 16, 17 1:50 PM

Thanks, that was my guess. So, if/when I cross that 25k mark I'll still need to just make 3 day trades per 5 days until I'm confident I won't ever dip below 25k again. Thanks for the link.

lexNan
lexNan Nov 16, 17 1:54 PM

If after your 5 or 6 trades you total account equity is still 25k or over then no PDT restriction. By account equity I mean the total $$ of securities you are playing with (gain or loss) plus the remaining $$ in your account. However, if you sell all your positions and you end up below 25k after realized losses then you fall back into PDT restriction.

Palmer
Palmer Nov 16, 17 6:21 PM

@RBI yes....brokers have different rules when you are flagged as a PDT. If you fall back under 25K and are a PDT some brokers will make you wait 90 or 120 days before resetting back to a non-PDT or you can ask 'once' to be reset back to non-PDT or simply deposit

Palmer
Palmer Nov 16, 17 6:21 PM

the difference into your account to bring you back above 25K cash. Call your broker to ask what their rules are. They can differ broker to broker...

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huperauxano
1
huperauxano Oct 28, 17 4:27 PM

@Palmer Yeah - I don't consider it as trading for a living thus a different perspective on its seriousness. I would like to win the game however and get to the $1M prize but don't expect to feed myself off trading. Maybe if I get to success at your level my perspective shifts but for now - PLAY ON!

guskaiser
guskaiser Oct 28, 17 5:49 PM

@huperauxano Thank you for your comments. I made a little update in the post that specifies my definition.

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Palmer
Palmer Oct 27, 17 7:49 AM

Smart. You can save a lot of money (losses) by letting the market noise settle out during the first 15 or 30mins or so. Really need to critique the news as to why something might be moving pre-market, especially biotechs. So many spikes fail just when you go long at the open. Let the stock find its direction and look for the first dip/bull flag break and go from there.

Torkers
Torkers Oct 27, 17 6:11 PM

this is really smart - dont know how many dollars ive lost on fakeouts - i will definitly try this out

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Kody
Kody Oct 14, 17 7:32 PM

If you're looking for free think or swim is probably the best. There are YouTube videos that walk you through how to set it up. When I run it , it picks up every ticker that

RNTrader832
1
RNTrader832 Oct 15, 17 11:16 PM

I have TOS ,thank you KODY and Palmer I will study your video .Thank you for your support !

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zinedu5
zinedu5 Sep 27, 17 12:22 AM

@punkangel what option in StocksToTrade is free? I know it has $1 for a week and $179/month subscription. please confirm

punkangel
punkangel Sep 27, 17 2:35 AM

@zinedu5 I don't know, that's what I thought, too which is why I haven't used STT. I'd rather put that $179/month into my trading account or savings while I learn for now. I use ThinkOrSwim. It's "free", but you have to put some money into your account to get realtime data. I put $50 into my account, and it also has a paper trading option. I'd much rather use STT (it seems better geared for what I'm doing), but I can always switch later.

zinedu5
zinedu5 Oct 01, 17 10:57 AM

@punkangel I share the same thought with you, that's why i haven't subcribed to STT yet, All i do now is studying but i need a place to practice. ThinkOrSwim you mentioned will be a good place to start from while i continue studying. I know TDAmeritrade owns ThinkOrSwim, did you open a brokerage account with them before you can use the ThinkOrSwim trading platform? what account are you refering to? please help

punkangel
punkangel Oct 01, 17 12:59 PM

@zinedu5 I created an account at TD Ameritrade. That same account is what you use to login to thinkorswim. Until you put some money in the account, you will received delayed data (15 or 30 minutes behind the market). I put in $50 and I get realtime data now, but I've not used them for trading at all. Keep in mind that $50 because, IIRC, they charge $75 to withdraw money? Maybe I read that wrong.

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Palmer

spiking MBRX on beginning clinical trials...well, I'll begin making coffee soon....so what. I believe this will crash.

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Palmer
Palmer Oct 15, 17 12:13 PM

aside from a hard stop or a limit order a good bit away from the actual.

Kody
Kody Oct 15, 17 1:20 PM

Hmm I'll check into it. I don't subscribe to any of the data so maybe that's why? Thanks for the response

Palmer
Palmer Oct 15, 17 5:16 PM

Ahhhh...yeah that might be it. I have the $10 plan I believe for the real time data...makes no sense why we need to pay for real time quotes at all...

Kody
Kody Oct 15, 17 10:52 PM

Yeah no sense at all!

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Lincoln_Hawk
1
Lincoln_Hawk Aug 13, 17 11:21 AM

@Palmer has an excellent ABCD scan for TOS. I've found several mid-morning & afternoon setups using it. I'm going to try the "Bullish Trend Scan", and may tweak each one to search for those stocks with high relative volume at the open, as well as ones that do not fall below VWAP for an extended period of time.

mickd
1
mickd Aug 13, 17 3:38 PM

I use finviz.com, it's free and easy to use. You can check out tutorials online on youtube on how to use it but it's pretty straight forward. I don't remember excatly where but on Tim's website there is an article on pennystocking and there's a small list of presets he talks about you can use.

mickd
1
mickd Aug 13, 17 3:41 PM

Oh and it only screens NASDAQ, NYSE, AMEX. It doesn't screen Over the counter Stocks. Just set Exchange you want, volume, , market cap and price under 10$. then click on charts and that should get you started. this is only the basics basics but I'm sure you can figure out the rest. Have a good one

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alealvarez

@Palmer Hi Palmer, if I'm correct you shared a website early this year where I could find stocks that have released earning reports for the current day. Would you share that again please? Thanks !

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wannabestocktrader
1
wannabestocktrader Jul 30, 17 11:47 PM

Great video, thanks for sharing! I totally agree with your thoughts near the end of picking a stock, focusing on it, and solely trading it. I did that with $ASNA, had success, but stopped because I didn't quite understand what I was really doing at the time. Looking back now, and having learned more since, I think it's a viable strategy if you find the right one for yourself, don't get too greedy, and are quick to cut losses to not erase gains.

Lincoln_Hawk
1
Lincoln_Hawk Jul 31, 17 11:55 PM

Good call on HTZ. I've been watching your thinkorswim videos, and started testing the "ABCD" scan with some good results. - Thanks for the great info.

Palmer
Palmer Aug 01, 17 7:18 AM

@wannabestocktrader It can be hard to stay focused on just one or two stocks all the time. When other things are moving and ours are dead in the water...very easy to get pulled away. But, if you can have a few that put in food daily ranges it can pay to keep them on the list.

Palmer
Palmer Aug 01, 17 7:20 AM

@Lincoln_Hawk glad the vids are helping...shoot me ideas and if I have time can see what I can do for others. I missed the $HTZ short yesterday...wow, what a move! Didn't get to my trade desk until after the open and was out of rhythm for a while.

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Palmer
Palmer Jul 26, 17 4:05 PM

@TraderJackson wellll...more shorts available with IB but a lot more disconnects also which really sucks. Could not even trade today...too many interrupts. Depending on your share size commissions can be lower with IB but still, all these damn interruptions so aggravating.

Palmer
Palmer Jul 26, 17 4:06 PM

Not sure what is going on with Vedrizon hot spot connection but it started to really crap out a few months ago. Looked into a cell phone signal booster from Verizon but not sure about that one.

Palmer
Palmer Jul 26, 17 4:08 PM

Office signal strength has gone down for some reason...TOS doesn't lose connection as much so might try to just trade with IB through phone ap for a while.

Palmer
Palmer Jul 26, 17 4:08 PM

Done it a few times and fills actually faster but just too pissed to do anything right now...

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DCGains
DCGains Jul 26, 17 12:42 AM

Thanks for the input DNextJr and Palmer. I will be working on trading the morning moves, my downfall has been entering order prices fast enough as the prices move. need to get that down. tried using hotkeys but tends to slow me down more than just using the mouse and number pad.

DCGains
DCGains Jul 26, 17 12:44 AM

and having the entriers "follow bid or ask" has taken awau as much as .10 on some trades i have exited so i try to stay away from that. i have used it in a panic to get out when the price is moving fast the wrong direction, but i think what i will try is scale my exits in 1/3 or 1/2 increments.

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wannabestocktrader
1
wannabestocktrader Jul 26, 17 1:45 AM

I think you're being too hard on yourself about that small $AKS loss. You protected yourself from unnessary losses when things were looking really bad. Getting out there is not a problem or something you should look to change. Instead, I think the problem was your entry on the breakout you were looking for, because you have to risk missing the move to ensure it's not a fake-out, so you don't end up with a bad entry.

wannabestocktrader
1
wannabestocktrader Jul 26, 17 1:45 AM

You weren't sure which way things were going, as you said that's why you took a small position, so perhaps no trade was the best option at that point, but you know it is what it is, and we're not perfect, but I really think your exit and reasoning was fine, it's just the entry itself is what led you to being in that position in the first place.

wannabestocktrader
1
wannabestocktrader Jul 26, 17 1:45 AM

Bad luck on the $GEVO deal. I thought that was a bad alert and play honestly, but by the same token, I've been aware of $GEVO since May, and it's a garbage stock to trade. If you look at the year long chart, it's also a boring stock with no real moves, so yes, you could make 10c-20c, but it's a low reward play that just carries too much extra risks on it to be worth it.

Palmer
Palmer Jul 26, 17 6:41 AM

@wannabestocktrader thanks for the feedback...per $AKS...was looking for that eod run that happens often but just didn't want to give anything back and my cheap side came in but yeah, sometimes no trade is the best trade...

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ScotV
ScotV Oct 29, 17 7:49 AM

Hi Turbobob! Just found you here on profitly. Great videos! One question...What do you mean when you say "10 days to cover" because 10% of the float is short (9 million on 900k average volume)?

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