Why I do not trade big board stocks

  Have had this question frequently "Why do you only trade OTC, Pink Sheets? and not Nasdaq (or AMEX, NYSE etc)"

A short answer is to just say go read "Flash Boys" by Michael Lewis. This book proves that there are people looking over your shoulder when you trade and trading against you!

The more detailed answer is I do not like trading against super computers and algorithms that people MUCH, MUCH smarter than me have put in place. Yes, part of it is High Frequency Traders but there is more. When I first time I day traded I traded AMZN..that was it.. in 100 share blocks against the trend with fast keys. What I was doing was trying to go along with the super computers and guess where they had been programmed to put orders in at the nano second and turn the price action. I would do 20 to 40 trades a day, looking for $15 to $20 per trade. Did not like it, it was weird being a human trying to figure out how a computer thinks considering a human programmed the computer. There are people that are very good it, including the guy that taught me how to do it, but again not my cup of tea. Watch AMZN for a week, I mean one week, from the open to the close, find the patterns, you will see them, BUT there are computers out there looking for and CREATING those patterns, they saw them before you did they know what you are going to do and they will bait and switch you to their advantage because they deal in micro-nano seconds...these are guys that pay TONS of money to be 1 foot (yes 12 inches) closer to the server and router where your orders go through. Oh yea, your BIG broker, the one that advertises on CNBC, you think they make their money off your $10 trade? They sell your data flow to the guys that program those computers, again for TONS of money. Those are the big leagues for you. To make a sports reference watch a high school game (anything, baseball, football, soccer (my favorite)) then watch college then watch the professionals, what is the major difference...SPEED, put a high schooler out there with the pros and it looks like they are standing still. I am a high school player so I am staying away from the pros that are going to blow right by and more than likely cause me bodily harm.

In OTC's (pink Sheets, OTCBB's etc) there are some computers around I am sure and have seen them changing orders when I am trying to get filled on the bid or the ask. However, in the pump and dump world you can tell when the vast majority of the shares of a stock are in the hands of insiders of the company and/or the promoters (pumpers). This is an advantage because knowing this you then know when they are NOT in their hands and instead in the hands of retail traders. The insiders and pumpers have a plan and so do the retail traders, and that is transparent!!! You can tell what the majority of the people holding the majority of shares are thinking and what they are planning to do, then it is just patient trend trading...SAFE AND EASY.

I know there are exceptions to each one of these (earnings, news, real companies in the OTC market) but I prefer to play on the side of caution and make my guaranteed money over 80% of the time.

As always any questions just let me know.

Watchlist 8/29/14

Covered 3 of my 6 positions yesterday...
NDEV, which I had shares @ ¢.48 and covered @ ¢.45 has crated this morning in to the upper ¢.30's, this is why I do not like having this many poisons open. My rules, had I followed them, would have had me hold that until the ¢.30's..oh well..
2 of my shorts I am trying to cover with limit order that are splitting the spread right now, when they hit might cover the other at break even or a small loss, really just want to go to all cash and start next week fresh.

Watchlist 8/28/14

I have 6 positions open right now. The most I have ever had open at one time. The advantage of this is as long as I show control and money management I can easily have a safe and easy combined profit. This is not the type of strategy that I am wanting to continue to use. This is border line fund management as I have to look at the whole of the open positions that I have and develop an exit and profit taking strategy for them. SOOO, that is what I am going to do, I will cover each of these positions for small gains so that the total of my profits will be ... well they will be profitable and easy.

I am able to say with certainty that I will not try to be in this arrangement again as what I am striving for is to increase the share size of my trades. I prefer to have fewer positions with larger share size so that to focus on an individual stock and react to the price action, adding if is necessary,  and taking  larger safer profits faster. 

I will wait for these 6 positions to cover before I open any others, as I want to be able to see the results of this "mini fund management". When I start another position I will have to force myself to increase the share size of the trade, as I have been slowly (very slowly) doing over the summer.

These are my positions, I will cover them just a few cents from my entries, all of them should cover within the next 2 days. If you wish to see when I cover them and at what price send me an email and ask to be put on the list for "Zen Trades", I will send you an email each time I make a trade. zenstock2@gmail.com

WSTI, NDEV, FCGD, KORX, HORI, MKRS

DISCLAIMER : This list is for entertainment purposes ONLY. I am not a financial advisor and you should not follow what I trade or how I trade.

RULES : Close below $1 on daily for 2 days & have Resistance @ $1; Any big Support needs NOT be evident after hours on level 2; Wait for green day (mini #5); Go in with position with ⅓ size ready to average in when goes up; Check order entry 3 times; Have exit order in place when entry hits; Never add on the day of entry; Positive tweets downtrending; no blue sky

CheckSites: Pumps&Dumps; Pennystocks24 (email); Stockpromoters.com; Pennylogic.com; ThePUMPtracker.com

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Watchlist 8/27/14

Have 5 positions open, so right now not really looking to actively trade just kinda get ready for the next trades.

Any posts or questions you might have please comment or email to me zenstock2@gmail.com, look me up on twitter (click the little birdie in the right of this page) or better yet go here -->> My PennyLogic.com Sign Up Page

DRNE

BNC - Dumped nicely on Tuesday looks to continue down on Wednesday, would guess at around ¢.60 it might turn around, so WFAGD

STWS

BNC - Stil waiting for this one to get back into the mid to upper ¢.30's, looks like it will turn to green today

AFFY

BAP - Pumped the last few days rather well actually, very "gappy" daily chart, so you know there are some bag holders out there, so this can still go up but will be hitting sell orders the whole time making it hard to stay green any day without sufficient support from other than normal traders (i.e., promoters, insiders), will watch for support to be pulled as it will fall then..as I write this the price is ¢.27 with 65k of support down to ¢.24, spread out in different orders

NDEV

SMIKE - Got shares yesterday as it bounced off resistance @ ¢.50 for the second day and there was huge resistance on the level II, just looking for S&E on it

MKRS

BAP - Getting pumped this morning, trying to get shares for a fast drop

KIRI

BAP -  Getting pumped..again, if the promoters can get this to break out above ¢.40 will have room to drop so a short will be good. Other than that it is channeling between ¢.40 and ¢.20, so that can be played, if my other positions  cover will play the channel with a small position so that I can add if it does breakout

RULES : Close below $1 on daily for 2 days & have Resistance @ $1; Any big Support needs NOT be evident after hours on level 2; Wait for green day (mini #5); Go in with position with ⅓ size ready to average in when goes up; Check order entry 3 times; Have exit order in place when entry hits; Never add on the day of entry; Positive tweets downtrending; no blue sky

CheckSites: Pumps&Dumps; Pennystocks24 (email); Stockpromoters.com; Pennylogic.com; ThePUMPtracker.com

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Things to think about BEFORE you start trading

• Trade small to start ( I traded 100 shares 10 times, 200 shares 10 times etc)
• Keep a detailed log of each trade, what you were thinking to get in where you want to get out and where you actually got out and what the ticker did after you exited the trade. Have a copy of the chart for the ticker if you can.
• Make your own watchlist everyday, now your watchlist might be you picking and choosing from other traders watchlists just have your own
• Only trade from that watchlist, if a set up comes up that you did not see during your preparation for the day, do NOT trade it, watch it and figure out why you didn't see it before and backtrack to make sure you will find it next time
• Learn from other traders, do NOT follow them blindly. There are plenty of Gurus out there that are GREAT traders, watch their trades, read what they say about them, study the trade
• Best advise I ever received..HIT SINGLES, home runs are great but the more you swing for the fences the more strike outs you have..4 singles gives you the same as 1 home run if you can get those four singles without any outs better than a home run
• When you exit a trade, if it is a profitable trade or a losing trade as long as you can trade tomorrow it is a win.... live to fight another day
• Have a PLAN.. when you get into a trade know where you are getting out, winning or losing, my personal rule is to have a profit taking order in right when my entry trade hits
• Learn LEVEL II ... this has to do with your entries and exits, by watching level II you can get in and out "at the right time" ... professional traders say about retail traders "they are right on most of their trades just at the wrong time", you will also learn that "yes, someone is looking over your shoulder as you trade and trading against you"
• Be afraid.. trade scared, you will trade better the longer you can trade.."when in doubt get out"
• Understand that there are 2 sides to each trade..a buy AND a sell ... someone is making money and someone is losing money

To answer anything please drop an email to me zenstock2@gmail.com, look me up on twitter (click the little birdie in the right of this page) or better yet go here -->> My PennyLogic.com Sign Up Page

Watchlist 8/26/14

To answer anything please drop an email to me zenstock2@gmail.com, look me up on twitter (click the little birdie in the right of this page) or better yet go here -->> My PennyLogic.com Sign Up Page

My spread trade for GLOH covered for a nice profit, that was a test of patience as there was almost no trading at all on the ticker since I got the shares.

KORX

SMIKE - Nice green day, watching for movement to get a track on the who might have the ax, if there is one

SIGN

BAP - Late comers to the pump could still send this up a tad but looking for shares at the mid ¢.20's to short

 NDEV

In "Blue Sky"territory right now, watching for the dump to short the bounce. Do not like the breakout even though it could be a fakeout but do not like the odds, will wait for the pattern

STWS

Steep fade on the daily chart, still waiting for the bounce, patience pays off...

RULES : Close below $1 on daily for 2 days & have Resistance @ $1; Any big Support needs NOT be evident after hours on level 2; Wait for green day (mini #5); Go in with position with ⅓ size ready to average in when goes up; Check order entry 3 times; Have exit order in place when entry hits; Never add on the day of entry; Positive tweets downtrending; no blue sky

CheckSites: Pumps&Dumps; Pennystocks24 (email); Stockpromoters.com; Pennylogic.com; ThePUMPtracker.com

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Watchlist 8/25/14

To answer anything please drop an email to me zenstock2@gmail.com, look me up on twitter (click the little birdie in the right of this page) or better yet go here -->> My PennyLogic.com Sign Up Page

GA School
Fundraiser for my son's school…big site please check it out and help him out, he gets some sort of stuffed bear if he gets enough orders, he LOVES Pandas and there is one in the mix. 

COCP

BNC - Has support @ ¢.40 and a little resistance right above it, if I am watching and it cracks will try to take some shares if it ticks up will start a position 

STWS

BNC - Still like this one but waiting  for a green day

NDDG

Just keeps racking up green days, looks to have leveled off the last few though, watching for weakness however this seems to be a better than average promoter so they could spike it at will or create a red day to draw some shorters in to squeeze, educational to watch if nothing else, have order to try to get 100 shares for fun :-)

SIGN

BAP - Nice spike at the open will try to get some shares for a quick fade

RULES : Close below $1 on daily for 2 days & have Resistance @ $1; Any big Support needs NOT be evident after hours on level 2; Wait for green day (mini #5); Go in with position with ⅓ size ready to average in when goes up; Check order entry 3 times; Have exit order in place when entry hits; Never add on the day of entry; Positive tweets downtrending; no blue sky

CheckSites: Pumps&Dumps; Pennystocks24 (email); Stockpromoters.com; Pennylogic.com; ThePUMPtracker.com

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Watchlist 8/22/14

Some things that can help your trading is a post that just lists some thing that you might find helpful with your trading and being able to see what I do. if there is anything else that you might want better explained or need just let me know.

GA School
Fundraiser for my son's school…big site please check it out and help him out, he gets some sort of stuffed bear if he gets enough orders, he LOVES Pandas and there is one in the mix. 

WSTI

BAP - Was repumped this week so had it on the edge of my watchlist then received a message from @Dazetrader about it, so was watching it and it got very weak so took some shares at ¢.72, it dipped for awhile but ran up into the close

MCIG

BAP - Small promo yesterday, has 3 green days, needs to get to the mid ¢.40's to be interesting

NDDG

Not sure, I know it is getting pumped, hard mailer, phone calls but it is building slowly like a pre promo so just keeping it on the edge of the watchlists

FCDG

In at ¢.24 looking to add if it spikes. It is very weak on the bid side and might go green a little, maybe a day, then really drop

ENCR

BNC - Coming off lows, so watching for a spike or a steady climb today then a spike next week\

STWS

BNC - Dipped pretty heavy yesterday but came back up, thought it would be the death drop, so it will be seen as still having a chance and some traders might start some buying and send it above ¢.35 for the day, will look to short it then

RULES : Close below $1 on daily for 2 days & have Resistance @ $1; Any big Support needs NOT be evident after hours on level 2; Wait for green day (mini #5); Go in with position with ⅓ size ready to average in when goes up; Check order entry 3 times; Have exit order in place when entry hits; Never add on the day of entry; Positive tweets downtrending; no blue sky

CheckSites: Pumps&Dumps; Pennystocks24 (email); Stockpromoters.com; Pennylogic.com; ThePUMPtracker.com

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Watchlist 8/21/14

IB bought in most of my shares on my BRPC short, I have 240 shares left, so going to cover those today. My positions are all still good and within my rules however I can not open any others until some of these get covered, which will happen today or tomorrow. So will write a post about "buy-ins" today and have to take note of the agenda for personal trading classes of my strategy that I will offer towards the end of the year.

 STWS

Shares are available but WFAGD (waiting for a green day), need to find a better acronym for that, if you have an idea please let me know!!LOL!

VOIL

BNC - Big trader is short this one right now, getting paid promo today by second rate pumpers, so shares could get sold the bid whacked at the open, if this does NOT happen and the trader covers that could send it up and it make a good play tomorrow. The idea behind this is that we KNOW $1 is support if it breaks it GREAT then we know that is resistance and will play it accordingly next week if it bounces off of it we play the bounce and cover at the support level...S&E!

FCGD

Looks to be getting promo'ed again today, just waiting for it to drop if it does spike might add a little

RULES : Close below $1 on daily for 2 days & have Resistance @ $1; Any big Support needs NOT be evident after hours on level 2; Wait for green day (mini #5); Go in with position with ⅓ size ready to average in when goes up; Check order entry 3 times; Have exit order in place when entry hits; Never add on the day of entry; Positive tweets downtrending; no blue sky

CheckSites: Pumps&Dumps; Pennystocks24 (email); Stockpromoters.com; Pennylogic.com; ThePUMPtracker.com

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8/20/14 Out for the day

Will be out all day doing some deep meditation and aligning my chakras, yes seriously!
My best strategies have come after these one day retreats and this being the end of summer vacation for my son it is the best time for me to do it!

Did receive a buy in notice for my position on BRPC for 900 shares of my 1040, so will have to see what price they give me for the cover. The ask and bid are below my entry so I will have some profit whatever it ends up being.

Some things that can help your trading

• Read this blog, I keep this short every day so that it can be read fast 
• Send me an email, zenstock2@gmail.com , during market hours I usually respond fairly quickly, if not within a few minutes (now, I am Mr. Mom so there are times I am running around, but will still respond when parked waiting at school or at a soccer field sideline :-))
• Follow me on twitter and Facebook better communication and I follow some really talented traders that I repost their links, the ones that are allowed to be reposted that is
• My trade alerts, I will send you an email each time I make a trade
• My personal trade log is on Google Drive, it has the ticker that I traded, the reason for the entry, my exit plan for the trade and when I close the trade, plus a chart of the ticker.
• Also on Google drive I keep a running list of the strategies that I use
•  My PennyLogic.com Sign Up Page this is a DISCOUNTED page that the owner of the site has allowed me, take advantage of it while you can
• Set up an account on Profit.ly and follow me, ZenTrader, verified trades and you will be able to see closed trades of great traders 
• I will eventually be doing personal classes for trading but have to figure out the details 
• Will add to this list as things pop into my head

Watchlist 8/19/14

Have 6 positions open, more than I usually have so I am not looking at shorting anything else today...at the moment. The situation could come up where one or more of my shorts covers then I might look around but right now plan on spending the day morning writing blog posts, chatting with some people that might need some help and some long range planning with my social media person.

To answer anything please drop an email to me zenstock2@gmail.com, look me up on twitter (click the little birdie in the right of this page) or better yet go here -->> My PennyLogic.com Sign Up Page

QFOR, BRPC, HORI, FCGD, ACAR

Short all these, QFOR is going against me right now as it was pumped again yesterday pretty well, but I am hedged with the other positions to least break even. I know it seems strange to have to hedge  one position to 5 others but that is why I have all these open, there is method to the madness. It is very probable that the others will cover before I cover QFOR which might be for a loss but it is still within my rules so am holding it.

GLOH

Spread trade position, I am the bid for this just waiting for the wonderful market makers to fill my order...PLEASE!!!

RULES : Close below $1 on daily for 2 days & have Resistance @ $1; Any big Support needs NOT be evident after hours on level 2; Wait for green day (mini #5); Go in with position with ⅓ size ready to average in when goes up; Check order entry 3 times; Have exit order in place when entry hits; Never add on the day of entry; Positive tweets downtrending; no blue sky

CheckSites: Pumps&Dumps; Pennystocks24 (email); Stockpromoters.com; Pennylogic.com; ThePUMPtracker.com

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Watchlist 8/18/14

Trying to get my charts a little better into my log, like entry and exit points, have to learn how to draw vertical lines on TOS. Chelsea opens their season today so will have commentary on in the background. GO BLUES!

Drop me an email about anything you would like to see different on this watchlist or anything you would like to see written about or a video made ... zenstock2@gmail.com


QFOR - BAP - Looking to get repumped, which is great, if you do not know why I like the fact that I want a stock I am already short to be pumped again read this : Why I like a Re-Pump

NDDG - Getting pumped and slowly building each day just like APPG, watching ... will have to try to get the day correct to watch every tick to see the weakness, as long as none of the insiders jump ship early should go up just like APPG

STWS - BNC - Trying to get shares in the mid ¢.30's for S&E drop 

FCGD - BNC - Like the bounce on this one at this level, pretty safe for an entry and maybe add if need be..."these stocks have no memory"

GLOH, GETH, PBFI - SPR - Have shares of GLOH just trying to get covered, trying to get shares of the others

RULES : Close below $1 on daily for 2 days & have Resistance @ $1; Any big Support needs NOT be evident after hours on level 2; Wait for green day (mini #5); Go in with position with ⅓ size ready to average in when goes up; Check order entry 3 times; Have exit order in place when entry hits; Never add on the day of entry; Positive tweets downtrending; no blue sky

CheckSites: Pumps&Dumps; Pennystocks24 (email); Stockpromoters.com; Pennylogic.com; ThePUMPtracker.com

Scan on: Google finance

DISCLAIMER : This list is for entertainment purposes ONLY. I am not a financial advisor and you should not follow what I trade or how I trade.

Watchlist - 8/15/14

Have 5 positions open, which is a lot for me at one time. So will just be watching these and adjusting them as price action warrants. I will be spending time adjusting my screens and desktop for better memory allocation on my computer, also this is the last day I will be in the Challenge chat room all day, will pop in and post my watchlist from now on then close it. Not getting anything from it anymore and it has turned into more of a distraction, nothing against it and have loved and coveted my time there but I always noticed that when students turned constantly profitable they stopped showing up in the room, now I know why. I am still available here : My PennyLogic.com Sign Up Page. not sure how long I will be allowed to give the discounted rate, so of you are interested please *click*.

QFOR, ECOP, BRPC, HORI

All of these are short plays and just waiting for them to break down

GLOH

Spread trade just waiting to get filled on the cover

CLTS

Actually... might try to get some shares of this uncomp pump

RULES : Close below $1 on daily for 2 days & have Resistance @ $1; Any big Support needs NOT be evident after hours on level 2; Wait for green day (mini #5); Go in with position with ⅓ size ready to average in when goes up; Check order entry 3 times; Have exit order in place when entry hits; Never add on the day of entry; Positive tweets downtrending; no blue sky

CheckSites: Pumps&Dumps; Pennystocks24 (email); Stockpromoters.com; Pennylogic.com; ThePUMPtracker.com

Scan on: Google finance

Watchlist - 8/14/14

My PennyLogic.com Sign Up Page.

QFOR

SMIKE - I have been holding this ticker for a little while no major moves either way until yesterday and it SMIKEd! so looking to add today

BRPC

BNC - Thin on the ask sides could easily pop up quick will look to get shares if it does, have traded this before in April and May so have a good idea what it can or can't do (if you want to see my log send me an email zenstock2@gmail.com)

DLRC

BAP - Did not get shares all day, still trying though

EWRC

BAP - Getting pumped today will try to get shares before they run their trap

OVET

BAP - Might turn into a SPREAD trade, getting pumped so let's see how they do, always cheering for the pumpers to jack the price up

PBFI

Still trying to spread trade...takes patience

RULES : Close below $1 on daily for 2 days & have Resistance @ $1; Any big Support needs NOT be evident after hours on level 2; Wait for green day (mini #5); Go in with position with ⅓ size ready to average in when goes up; Check order entry 3 times; Have exit order in place when entry hits; Never add on the day of entry; Positive tweets downtrending; no blue sky

CheckSites: Pumps&Dumps; Pennystocks24 (email); Stockpromoters.com; Pennylogic.com; ThePUMPtracker.com

Scan on: Google finance

DISCLAIMER : This list is for entertainment purposes ONLY. I am not a financial advisor and you should not follow what I trade or how I trade.

Watchlist - 8/13/14

I am doing my watch lists in the morning now... the hour before the opening bell.

Since nothing I trade ever gets traded in premarket and I use social media to research the closer to the open that I make my list the better. Discovered this by going over my trades (I keep a detailed log of my trades, if you want to see it send me an email zenstock2@gmail.com) and comparing it to my watchlists, found that some really great trades were made that were not on my list but I found the tickers in the mornings. Plus, I am doing lots more research during the trading hours and have gotten adapt at making decisions to short during this time.. My PennyLogic.com Sign Up Page ..discussing all this as the trading day goes in this room.

APPG 

BNC/WFAGD - No shares to be had the last few days, should have tried harder or earlier, waiting for a bounce to happen, one full green day

ECOP

Trying to get more shares

HORI

Some news released but is the same false stuff that they keep putting out, expecting it to continue downward

BRPC

SMIKE - Spread is a little large and might get thin on the ask side so it might go up to ¢.80ish, which is technical resistance, will be watching L2

DLCR

BAP - Will be pumped today, will see watch the open and try to get shares early, small position 

PBFI & GLOH

SPR - Have shares of GLOH, just waiting to get covered, order in for PBFI, will cover immediately when get them

RULES : Close below $1 on daily for 2 days & have Resistance @ $1; Any big Support needs NOT be evident after hours on level 2; Wait for green day (mini #5); Go in with position with ⅓ size ready to average in when goes up; Check order entry 3 times; Have exit order in place when entry hits; Never add on the day of entry; Positive tweets downtrending; no blue sky

CheckSites: Pumps&Dumps; Pennystocks24 (email); Stockpromoters.com; Pennylogic.com; ThePUMPtracker.com

Scan on: Google finance

DISCLAIMER : This list is for entertainment purposes ONLY. I am not a financial advisor and you should not follow what I trade or how I trade.

Watchlist - 8/12/14

Will be out all morning at orientation for my son's school.

As this will be the real last day of summer not sure when I will be at my desk, so not looking for any new positions.

My schedule will be different now that his school starts.

Will be busy in the evenings at different soccer practices.

The morning will be easier for me so will be putting together my watch lists during the pre market. If anyone wants to chat with me while I am putting the list together my free room is still up @ pennylogic.com, will see what kind of response we get from this "service" to see if it continues into the future.

I have a social media expert on my team now. So the focus will be on driving more traffic to My PennyLogic.com Sign Up Page.

So will be listing and itemizing the things that I am doing during the day and deciding the best way to be of a benefit for everyone. 

Any suggestions or input will be more than welcome.

My positions:

HHWW - was bought in all 150 shares for a small loss
GLOH - got shares at a great price (¢.72) will be covering as soon as possible
HORI - shares @ ¢.32, this is just following a pattern, look at the daily chart
ECOP - have 1/3 the shares that I want at ¢.36, trying to get more at the same level or higher, so no plan to cover right now unless a major break occurs


RULES : Close below $1 on daily for 2 days & have Resistance @ $1; Any big Support needs NOT be evident after hours on level 2; Wait for green day (mini #5); Go in with position with ⅓ size ready to average in when goes up; Check order entry 3 times; Have exit order in place when entry hits; Never add on the day of entry; Positive tweets downtrending; no blue sky

CheckSites: Pumps&Dumps; Pennystocks24 (email); Stockpromoters.com; Pennylogic.com; ThePUMPtracker.com

Scan on: Google finance

DISCLAIMER : This list is for entertainment purposes ONLY. I am not a financial advisor and you should not follow what I trade or how I trade.

Watchlist - 8/11/14

My PennyLogic.com Sign Up Page - Yep just $9 a month ...

EDIT ALERT (that sounds important huh?!? LOL) - Will be covering my position on FCGD a the open and reshorting

FCGD - SUP - Was on watchlist from the Friday, left a limit order in to get shares and got them at the open, then it ran up a spike all day, looking to add soon

GLOH - SPR - Still watching this one for a spread trade

APPG - Looking weak..hopefully will be at my terminal when the weakness shows, if not, there are plays to be had with this one as it drop and bounces

VOIL - BNC - Support CSTI 26k @ $1.22...when that gets pulled .. will be interesting

HORI - Has resistance @ ¢.375 10.6k, nice looking chart with run up from ¢.25

RULES : Close below $1 on daily for 2 days & have Resistance @ $1; Any big Support needs NOT be evident after hours on level 2; Wait for green day (mini #5); Go in with position with ⅓ size ready to average in when goes up; Check order entry 3 times; Have exit order in place when entry hits; Never add on the day of entry; Positive tweets downtrending; no blue sky

CheckSites: Pumps&Dumps; Pennystocks24 (email); Stockpromoters.com; Pennylogic.com; ThePUMPtracker.com

Scan on: Google finance

DISCLAIMER : This list is for entertainment purposes ONLY. I am not a financial advisor and you should not follow what I trade or how I trade.

Watchlist - 8/8/14

My PennyLogic.com Sign Up Page - Yep just $9 a month ...

FCGD - SUP - Up ¢.10 on Thursday, active all day and closed on the high, could be a gap and trap from the promoters, will watch in the first 30 minutes of trading (translation: I already have an order in above the current price and will adjust it down if the price action looks weak) (NOTE: I already have my exit order in also;))

ONCS - BNC - Showing support @ ¢.45 BKMM 55k, this MM usually props up tickers so not watching so much the price action but waiting for them to disappear off the bid side

ECOP - SMIKE/SPR - Kinda turned into a spread trade idea for me while watching it this morning however only got 500 shares @ ¢.35ish, will get more and cover quickly in the low ¢.30's

VOIL - BNC - Nice be right even if I was not in the trade at all, nice dump Thursday, waiting for a bounce to short into (a green day)...bigger trader is short this one from high $1.20's, if it doesn't break down the cover will send it back up

From yesterday:
APPG - BAP - Big dip today of ¢.20 in the morning but it was propped back up to finish the day green, with the release of the article to the public (on Michael Goode's Blog ) proving this is a pump and everything about it is fake the panic was expected. The promoters/insiders might have used this to sell some shares and pocket some easy money and trap some shorts but when the dump slowed they sent it back up, this shows that they (the insiders/promoters) still have an overwhelming amount of the shares... just watching this one for the rest of the week 

RULES : Close below $1 on daily for 2 days & have Resistance @ $1; Any big Support needs NOT be evident after hours on level 2; Wait for green day (mini #5); Go in with position with ⅓ size ready to average in when goes up; Check order entry 3 times; Have exit order in place when entry hits; Never add on the day of entry; Positive tweets downtrending; no blue sky

CheckSites: Pumps&Dumps; Pennystocks24 (email); Stockpromoters.com; Pennylogic.com; ThePUMPtracker.com

Scan on: Google finance

DISCLAIMER : This list is for entertainment purposes ONLY. I am not a financial advisor and you should not follow what I trade or how I trade.

Watchlist - 8/7/14

My PennyLogic.com Sign Up Page - Yep just $9 a month ...

NDEV - BNC - Got shares on Wednesday @ ¢.38 in the early afternoon, at around the start of the last hour of trading the support broke @ ¢.36 and it dipped to ¢.31, where I tried to cover but the order did not take..oh well... it will get back down there this week. Safe and easy, money in your account is better than money RISKED on something that might happen, take the sure thing every time!!

MAXD - Take a look at the daily chart, perfect dump pattern..another safe and easy this week, have shares from ¢.27

APPG - BAP - Big dip today of ¢.20 in the morning but it was propped back up to finish the day green, with the release of the article to the public (on Michael Goode's Blog ) proving this is a pump and everything about it is fake the panic was expected. The promoters/insiders might have used this to sell some shares and pocket some easy money and trap some shorts but when the dump slowed they sent it back up, this shows that they (the insiders/promoters) still have an overwhelming amount of the shares... just watching this one for the rest of the week 

VOIL - BNC - Appears that $1.50 is resistance, CANT w/ 10k @ $1.52, watching for price action

ECOP - Has support @ ¢.32 CSTI 32.3k & resistance @ ¢.40 CSTI 12.9k, read into what you will about both of those being the same MM, will try to short any SMIKE (small spike)

RULES : Close below $1 on daily for 2 days & have Resistance @ $1; Any big Support needs NOT be evident after hours on level 2; Wait for green day (mini #5); Go in with position with ⅓ size ready to average in when goes up; Check order entry 3 times; Have exit order in place when entry hits; Never add on the day of entry; Positive tweets downtrending; no blue sky

CheckSites: Pumps&Dumps; Pennystocks24 (email); Stockpromoters.com; Pennylogic.com; ThePUMPtracker.com

Scan on: Google finance

DISCLAIMER : This list is for entertainment purposes ONLY. I am not a financial advisor and you should not follow what I trade or how I trade.

Watchlist - 8/6/14

My PennyLogic.com Sign Up Page - Yep just $9 a month ...

APPG - BAP - Definite pump have to watch and see when insiders start dumping will probably try to get a small position started just to guarantee the shares

MAXD - SUP - Price action showed weakness so took some shares, expect a panic soon

VOIL - BNC - Green day from 2 day dump, will see what it does in the morning and try to get shares in the afternoon

ECOP - SPIKE - Spiked ¢.18 today, retraced back to ¢.06 up on the day, have to see if it bounces back up

NDEV - BNC - Pretty high bounce from it's dump last week, volume might be low and will move slow but shares in the high ¢.30's will be good

BANJ, GLOH, MENB - Will be spread trading these when I can

RULES : Close below $1 on daily for 2 days & have Resistance @ $1; Any big Support needs NOT be evident after hours on level 2; Wait for green day (mini #5); Go in with position with ⅓ size ready to average in when goes up; Check order entry 3 times; Have exit order in place when entry hits; Never add on the day of entry; Positive tweets downtrending; no blue sky

CheckSites: Pumps&Dumps; Pennystocks24 (email); Stockpromoters.com; Pennylogic.com; ThePUMPtracker.com

Scan on: Google finance

DISCLAIMER : This list is for entertainment purposes ONLY. I am not a financial advisor and you should not follow what I trade or how I trade.

Watchlist - 8/5/14

My PennyLogic.com Sign Up Page

QFOR - Have held this for awhile and it is drifting sideways, I do have some other plays and even though this is not a big position will cover this one in the coming days for small profits

HHWW - SUP - Got shares today @ $1.80, small position so will try to add if it goes up again

KIRI - SUP - Pumped Monday, again, on tap for a pump Tuesday also will watch for another green day then start a position 

GLOH - SPR - Order in the ¢.70's, only 600 shares available so trying to grab all those at the open, will try to cover a little above the bid

MAXD - SPK - Spiking from ¢.10 since last month, watching for weakness, didn't find a lot out there on it so have to keep an eye on it

QTMM - BNC? - Have watched this one before, will only short it if it spikes hard


RULES : Close below $1 on daily for 2 days & have Resistance @ $1; Any big Support needs NOT be evident after hours on level 2; Wait for green day (mini #5); Go in with position with ⅓ size ready to average in when goes up; Check order entry 3 times; Have exit order in place when entry hits; Never add on the day of entry; Positive tweets downtrending; no blue sky

CheckSites: Pumps&Dumps; Pennystocks24 (email); Stockpromoters.com; Pennylogic.com; ThePUMPtracker.com

Scan on: Google finance

DISCLAIMER : This list is for entertainment purposes ONLY. I am not a financial advisor and you should not follow what I trade or how I trade.