michaelstevens

Magic number for dip buys is 20% was watching CODX ALL DAY for a dip buy expecting it to drop from hi 5's to under 4 then dip buy. It put in two dips 20-ish % off day hi then spiked 12% then 18%.

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michaelstevens

Missed CDTI though I was watching top % gainers on STT... must have overlooked it because it had no news. Now I will watch for big % gains and significant volume.

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michaelstevens

@MichaelGoode Hey Michael got another question for ya. What problems might arise when trading Sub dollar stocks? I'd like to trade these (longs only) so I can take larger position sizes for larger nominal profits.

MichaelGoode
3
MichaelGoode May 17, 18 2:01 PM

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

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michaelstevens

@MichaelGoode Hey Michael! What price action do you look for in overnight trades? Thanks.

michaelstevens
michaelstevens May 08, 18 4:54 PM

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

MichaelGoode
MichaelGoode May 09, 18 10:01 AM

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

Freddieferber
Freddieferber May 16, 18 6:32 PM

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

Freddieferber
Freddieferber May 16, 18 6:34 PM

will probably stick to dip buy in the open.

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michaelstevens

SEII was volatile premature, that’s an indicator of a big winner. I was watching aqms for a big dip then switched to SEII in at 5.40 out at 5.57 went down to 5.08 on dip would’ve been much better entry... $17 profit covers commissions tho.

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michaelstevens

TZOO was on my screen but I watched DARE instead... damn. Now i see it was a perfect technical ovnt bounce. Must keep watching for the first half of bounce into close. At least it was on my screen tho no trades for me today.

michaelstevens
michaelstevens Apr 26, 18 10:00 AM

When a stock crashes hard it has to bounce before continuing lower

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