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James_W
James_W Aug 31, 16 11:10 PM

Nice comeback! My biggest confusion is where to get the most useful (to us) news for a company. I can do a web search for a company that has big % gains and look at their website, press releases, etc. But it doesn't always seem to be helpful, or perhaps I don't know what to look for yet. So my question is what kind of news, if any, got you interested in this stock?

eatsleepprofit
eatsleepprofit Aug 31, 16 11:33 PM

What got me interested in it was the premarket activity the day it ran upward. I'm a momentum trader so I judge my trades off of volume, and the news accompanied. News isn't everything but it helps validate the price action, I use seekingalpha for research.

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LivingLarge88
1
LivingLarge88 Aug 30, 16 8:10 PM

Very well done on SKLN with spotting the bull flag on the 5 min daily chart and getting in after the pullback. You will be in the green in no time!

DapperDude
DapperDude Aug 30, 16 10:27 PM

on my new setup on a look at the one minute one day comma 5 minute 2 day comma 15 minute and daily charts for the same stock as I watch it. it lets me look for patterns regardless on which chart they form on and then I trade based on that chart

DapperDude
DapperDude Aug 30, 16 10:30 PM

The voice recognition doesn't always work right for me, excuse me for that. I had said thank you at the beginning as well, I really appreciated the support. =)

DapperDude
DapperDude Aug 31, 16 2:26 PM

Glad to see SKLN playing out as planned, hope y'all made money. I got to sleep at 6am and then woke up at 12 to go back to work. I dont feel bad, there's always more

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eatsleepprofit
eatsleepprofit Aug 30, 16 10:25 AM

First tip I can give you is start paper trading, or simulated trading. Get a good feel for your brokers platform and at the same time develop your strategy to your needs and what you're comfortable with. When you start trading don't focus more on profits but rather the consistency and planning of trades. The money is a direct product of your knowledge, preparation and strategy so when you work on those first everything will fall into place.

James_W
James_W Aug 30, 16 8:11 PM

That's very solid advice, thanks! Honestly didn't expect anyone to read this. I'd appreciate any recommendations for simulated trading.

eatsleepprofit
eatsleepprofit Aug 30, 16 8:45 PM

I use ThinkOrSwim and they have an awesome paper trading platform. Gives you scanners, tons of metrics to prepare and plan trades

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eatsleepprofit
eatsleepprofit Aug 28, 16 10:49 PM

@jfavila03 I scan for increasing volume but the key to swing trading is the daily chart setup. If its looking to break resistance especially with news. Ill ride it for a few days to see how it goes. My day trades have been on point but swings are tricky in these markets

timothysykes
timothysykes Aug 29, 16 11:25 AM

Nice post but we removed links to outside profiles as remember I received several complaints about you in the past

MaverickRTG
MaverickRTG Oct 05, 16 6:10 PM

Great post and it got me thinking. Maybe the best way is to make a "real" watchlist during the premarket? That way you can see what is currently "in play" and also check for news/daily chart/hype whatever but at least you know it's doing something since it's active premarket.

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NoviceUnicorn
NoviceUnicorn Aug 29, 16 8:08 PM

@Legendario The problem is liquidity. BEGINNERS should not play OTCBB and if you do it should be a very small portion of capital. Not that they are bad to play but you can get screwed over fast. Personally I only keep 1 OTC stock in my trading folio at any one time.

NoviceUnicorn
NoviceUnicorn Sep 22, 16 9:48 PM

@3dpancake You say it is NOT liquidity but, then you stipulate it needs $500K volume... that's called liquidity. I am saying, MOST OTCBB can be very illliquid and you can get stuck if you aren't using that as a primary gauge.

NoviceUnicorn
NoviceUnicorn Sep 24, 16 2:45 AM

@3dpancake Good luck in your future trades.

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