@ilikebbstock Hi! I have a question. On thinkorswim Level 2 do you see all the market makers ID with OTC stocks? ex: ARCA, MICA, CSTI, ASCM, ect.. because It only shows me OTC OTHER for otc stocks, but I can see all MMID for listed stocks. Thanks!
Weird I dont use TOS I use architect for now and see the MMs on level II
@tommyvercetti55 you have to go into your data subscriptions on TD site and sign up for level II
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@ilikebbstock you have any videos you recommend watching to learn and be more successful trading penny stocks?
@ilikebbstock thank you for tweeting your activity on twitter, I follow you and learn from your post. greatly appreciated
youre welcome
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@ilikebbstock Hello! I noticed that sub-penny stocks are your niche and it's where you're most profitable, how did you stumble upon them, and are there any difference in trading to a non sub-penny stock? I am just asking because I could easily put $50 on a stock and easily make 300% tripling my investment. I find that quite impressive, thanks!
Thanks for your reply, I've got so many questions about them, but my main 2 are those, Is it even possible to short those stocks? You really need to be so sure before shorting them lol. And, what do you consider a small float? I usually find small float a company that only has 20 million or less in shares, but in the sub-penny world you can buy 20 million shares and it could be just a 5 thousand dollar position lol, do you consider 100 million to 500 million small float? Thanks again!
low float is generally under 100M for me. Shorting penny stocks, well it is done, but probably not subpennies too expensive for margin.
Hi ilikebbstock, what broker do you use?
tdameritrade and etrade
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????
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@ilikebbstock Michael, what measures to you take to avoid getting caught in SEC halts for OTC Pinks? Thanks.
its not easy I just got caught in one, avoid caveat emptor stocks if possible they are usually the ones that get halted but not always. go to otcmarkets.com for their otc status
Yeah you're stuck in STVA, I sold my position in HOMR a few days before, thankfully. Good luck.
And thanks for the advice.
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@ilikebbstock Question, how do you spot these tickers before they make their runs? What do you look for? Thanks.
equityfeed for the most part get a good list of tickers and DD them and look at their charts
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@ilikebbstock hi Michael, is OTTV something you're looking at? I've been watching it,
now its very much overbought I wouldnt be buying it here
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@ilikebbstock I'm on a 14 day Equityfeed trial, what market do you use most?
@ilikebbstock the trades you post aren't the actual trading days right? (GAHC Jun 9) you have very nice consistent chart, I'm just trying to learn as much as I can, been in debt too long, fixing to do something about it , hope you don't mind me snooping around... happy trading.
you have to drill down to get the details of the actual trades, the ones indicates are the average price bought and sold only
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@ilikebbstock I just looked up a random stock, $ZNTR 855 m float, how easy is it to get filled, in our out?
what do you mean by not sure you'd want to know? if you're trading these sub-penny-stocks, you must have a very effective strategy, I can see you're very successful, I'd like to know how as much as you like to share, no offense.
because ZNTR was running on bogus info that they were bitcoin. They are not. the ceo has another co. that is bitcoin.
thx for the reply, ZNTR was just an example, I was wondering how easy it is to get filled in general trading these sup-penny stocks.
fills arnt generally a problem
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@ilikebbstock Hi Michael, do you find equityfeed better than STT for scanning and would you be willing to share what stocks you're looking at these days? thanks.
what is STT? Equityfeed is all I use for otcs yes
@ilikebbstock STT is StockToTrade software by Tim Bohen
thanks dont know it
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@ilikebbstock Hi michael , are you in RSII as of now , because theres very much noise about it going parabolic and its .0060 as of today.
no not in RSII right now the volume has been too slow for me but I always have an eye on it thanks
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@ilikebbstock Unbelievable how little the price of the stocks you trade change and yet the percent gain is massive LOL. Is it safer trading sub-pennys?
Sub pennys are my specialty they arent for everyone but I love them
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@ilikebbstock Hello, I'm new to Tim's challenge and have a question please, which DVD would you recommend that contains all the ssetups, i'm tight on money and I can only afford buying one or two DVDs, thank you in advance.
Im not part of his program so I dont know
Textbook trading
There's a ton of free information out there. Save that money. YouTube has a ton of stuff and there are good traders out there that don't charge for information.
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@ilikebbstock how do u find penny stocks
equityfeed.com
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@ilikebbstock Can I ask 4 questions, 1- What do you mean by diluting ? 2- What indicators do you use overall? 3- What do you ask the scanner to search for to find these longs that have been soooo flat for so long. I'm assuming volume, but how much and anything else? 4- Why don't you short? Great trading !!
1) Diluting is when a company issues shares thereby diluting the stock since it will then have more shares outstanding.
2) dobtvuse any indicators other than chart resistant and support
3) use equityfeed streaming filters one is high relative volume to the average
4) I generally trade penny stocks which are not easily shorted by traditional brokers
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@ilikebbstock YOU HAVE A CHAT ROOM
@ilikebbstock Hey i am from Portugal can i trade penny stocks of USA?
I have no idea youll have to check with brokers there
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@ilikebbstock This my first time trading i never did this and i dont know how to do it can you tell me the basics for being a successful trader? tks see you :)
Impossible to provide basics that succinctly
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@ilikebbstock Hi Mike, I have a large position in VPRO since November/December I was hoping you could shed some thoughts based on current events and PR's, do you recommend to continue holding VPRO?
ugh thats not good, not sure what to tell you since the liquidity is no longer good. I havent kept up with it, I sold about 40% prior to the R/S announcement then sold the remainder over the following days after when it bounced. Maybe hope for another bounce and get out of some.
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@ilikebbstock Hey Michael If you don't mind me asking what was your starting balance in your account when you first started trading?
around 10K i think its been quite a long time ago
was before the 25M was required in 1998
Cool Thanks
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@ilikebbstock Hi Michael, What are you thoughts on ICNV?
nice move earlier but it cant hold its gains
Do you think that ICNV has the potential to run upwards, like URBF and TSTS did, due to its share structure? Or do you think the dilution is too much to prevent a solid move?
it may but it tends to rise fast and drop fast
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@ilikebbstock Hi Michael! What are your thoughts on STSC? Is it a good buy?
I think so
Sorry i hope that wasnt rude
I was under the impression that this was his site
he owns it but anyone can use it
ok , ok now im seein it, lol ty guess its easy to see im a newbie(kinda wierd since im 50)
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