Watchlist 9/2/14

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

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BAP - Pumped last week, will be watching for weakness as the day goes

STBR

BAP - Will be pumped today, imagine not much activity throughout the day as the gap from March earlier this year will be filling the pockets of insiders as it drops

KIRI

FRED - Could not break through ¢.50 has resistance @ ¢.45 (20k CSTI), depending on price action ¢.43 ish is good

OOIL

SMIKE - Has come up with a SMIKE based on some recent pumping, resistance @ ¢.18..depending on my entries for the day will try to get shares for just a few pennies (want to get better at these price levels)

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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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

Scan on: Google finance