@MichaelGoode

I hate shorting stuff down 10% on the day already. That being said, it likely continues to fade, but you need to be careful with these reverse split stocks because the float is so low

@MichaelGoode Great, thank you for the feedback.

XBIO did this except two days of consolidation.

great video

thanks

love it

There is no way around this -- if you have a position in a grey-market stock at IB they will let you call the trade desk to close it out. But they won't let you open new positions in grey market stocks. If for whatever reason you want to trade grey market stocks you will have to use another broker.

It does not work for most people (including me) anymore although it still seems to work for some people

I don't know where I would have said that -- I still use TWS. I do use DAS Pro with Centerpoint for level 2 and charts

Oh sorry, I didn't read that carefully. You replied to someone on your blog that you still use TWS but not time and sales and L2. Do you think DAS level 2 and time and sales is more accurate than IB's?

TWS L2 & time and sales is just as good but I have always considered TWS charts ugly. I have used them in the past but I just find it easier to use DAS Pro and I have to pay for those charts / L2 anyway whereas I don't have to pay for the IB L2 if I don't want it

Either tier structure is expensive for cheap stocks (particularly under $1 per share). I recommend tiered if you buy on the bid and sell on the ask more often than not

Thanks Michael, I'm guessing tiered fee structure is best if you add liquidity to the market, and get rebates on that?

Yes, if you add liquidity then tiered is best and overall it will be cheaper

Keep in mind that what matters is not the price but the volatility. If you have a $10k position in a $1 stock and it goes up 10% you will make $1k. If you have a $10k position in a $10 stock and it goes up 10% you will still make $1k. So don't avoid trading higher-priced stocks for that reason. If you are trading Nasdaq stocks then all that matters is that your broker doesn't charge you per share commissions (or else it will get very expensive). If the stocks are OTC (most of the cheapest stocks

Does a strong close indicate a potential morning spike? Currently longs only for me.

it does make it more likely to gap up but I don't find it that reliable

Hello Michael... I just signed up for Silver and am happy to be here. Will not be sending many question, only a very occasional one if critical. Bought IHT today near close after the big dip. In at 2.35, did not bounce. Did not want to hold overnight re: not closing near hight. Cut losses quickly, out at 2.33 after holding to 2 min before close :-) . Any words of wisdom welcome as I am new but study and listen. Trading very small position instead of paper. Thanks so much. Freddie

will probably stick to dip buy in the open.

Aloha Michael- I just watched lesson 9. Which APP do you use to update your news sources.