11/27/13 - Watchlist

Have positions in the following 4 stocks this, will not be looking to enter anything new just manage these:

BZNE - Red day yesterday then a very consolidating candle today, good indicator of a drop, some support but still like it to fade in the next few days.

STVF - This will be a test of the ¢.50 break, if it cracks ¢.50 stop losses will trigger and will drop to the lower ¢.40's fast.

EFOI - Today was the first red day. I took shares of this because of the spread, the ask was ¢.65 and the bid was ¢.56, I had an order in @ ¢.65. Then the bid went to ¢.62, I changed my order and took shares there, it closed red today so expecting to be out early morning.

OOIL - Slow fade all day, retraced some of the candle from the previous day. Solid red day so looking for it to continue to sell off. However, even with no support it might bounce a tad and will average up if given the chance.

Current Positions : BZNE @ ¢.53; STVF @ ¢.50; EFOI @ ¢.62; OOIL @ ¢.24

Orders :

Watching :

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 postion with ⅓ size ready to average in when goes up; Have exit order in place when entry hits; Get out if breaks $1, not before; 40% max on borrow fees; @ least 1 day with no positive tweets; no blue sky

CheckSites: Pumps&Dumps (email); Pennystocks24 (email); MicroCap Trading (email); TickerTweets.com, Promobuyer.net, Pennylogic.com

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.

11/26/13 - Watchlist

PGLO - Will have to do video on this one just because of the ups and downs! I am all out, except 100 shares that just would not get executed, at basically even, not cracking and showing HUGE support @ .39 of 200k ETRF, so out. Will keep on watch for spikes but the borrow rate also is out of hand, over 100%!!

EFOI 13% - Bounced off ¢.50, for 3 days, will break down back towards ¢.50

OOIL 3.6% - Just pumped by short term pumpers, might get another pump but like it in the high ¢.20's

ENIP 28% - Good chart $1 technical resistance not much showing on L2, watch closely tomorrow

Current Positions : BZNE @ ¢.53; STVF @ ¢.50

Orders : OOIL @ ¢.28; EFOI @ ¢.68

Watching :

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 postion with ⅓ size ready to average in when goes up; Have exit order in place when entry hits; Get out if breaks $1, not before; 40% max on borrow fees; @ least 1 day with no positive tweets; no blue sky

CheckSites: Pumps&Dumps (email); Pennystocks24 (email); MicroCap Trading (email); TickerTweets.com, Promobuyer.net, Pennylogic.com

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.

11/22/13 - Watchlist

PGLO - Compressing candles, last 2 days have lower highs and higher lows, consolidating, will crash again soon

ENIP - Nice to be right even though I couldn't find shares to short

STVF - Averaged up today, resistance in the mid ¢.50's, crashing soon

BZNE - Started a small position, will average up tomorrow or next week if need be

NWTR - Did not adjust order down today, seeing that it is Friday might get a mini spike to start a position

AVXL 11% - Traded this one a few times, ¢.50 is always s/r, 2 green days and tomorrow being Friday this might move up a little and become interesting for Monday

ASAB 1.5% - Waiting for a bounce, lots of support @ .¢12ish

Current Positions : PGLO @ ¢.40; STVF @ ¢.50; BZNE @ ¢.46

Orders : NWTR @ ¢.27

Watching :

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 postion with ⅓ size ready to average in when goes up; Have exit order in place when entry hits; Get out if breaks $1, not before; 40% max on borrow fees; @ least 1 day with no positive tweets; no blue sky

CheckSites: Pumps&Dumps (email); Pennystocks24 (email); MicroCap Trading (email); TickerTweets.com, Promobuyer.net, Pennylogic.com

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.

11/21/13 - Watchlist

PGLO - Squeezed, then dropped again and almost closed red on the day this is better than a roller coaster ride!!

ENIP 24% - Gap filled, first red day will short

NWTR 8% - Lots of resistance in the high ¢.20's, some support @ ¢.21 50k FANC, any entry above ¢.25 is good

STVF 12% - First red day, adding to position at the open. Resistance @ ¢.55 26k PERT

BZNE 1.5% - Still like this, fading like the sunset..just want 1 green day to short into

Current Positions : PGLO @ ¢.40; STVF @ ¢.48

Orders : STVF @ ¢.50

Watching : MULI

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 postion with ⅓ size ready to average in when goes up; Have exit order in place when entry hits; Get out if breaks $1, not before; 40% max on borrow fees; @ least 1 day with no positive tweets; no blue sky

CheckSites: Pumps&Dumps (email); Pennystocks24 (email); MicroCap Trading (email); TickerTweets.com, Promobuyer.net, Pennylogic.com

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.

Taking Profits

I hear the question all the time (directed at me or someone else), "I am up right now should I get out?"

My answer is always "YES". 

Take the profit, I say, whenever that question comes into your head, TAKE THE PROFIT! GET OUT!
Reason being if you do not take it then and it goes against you it will haunt you. The argument against that is, of coarse, if it keeps going your way after you get out and you "left money on the table". The feeling of having money in your account and it increasing, however slightly, is better than that sinking feeling of less money.
Whenever someone says "I just got shares of ABC @ $___", Wonderful I say, what's your exit?, 90% of the time they do not know. The 10% that do are 90% more likely to make money and keep trading than the ones that do not. Here is the reason, the price of the stock is going up and down based on what other people are doing (buying and selling) and most of them do not know what they are doing either. The amount of people that hit the exact top or exact bottom of a price swing is very small and most that say they do are lying.
The best analogy is this: HIT SINGLES, hitting four singles is the same as one home run. The chances of a strike out going for the home run is far GREATER than that of a single. The singles keep you in the game and keep team morale up. The hitter that swings for the fence every time misses most of the time...

11/20/13 - Watchlist

PGLO - Still trying to add more shares, unless pumper decides to prop this up will drop fast in the morning, there will be a bounce (1 green day) but imagining this will happen in 2 days

STVF - Up on posts from CEO calling for healthier food?? Pumps come in different shapes and forms. Will average up if does not retrace in the next 2 days

NWTR - Bouncing on light volume, will watch how it opens and adjust order (down I imagine)

IGEX - Like the bounce today, suspecting this is just that, a bounce and not a reversal will try to get in and catch the fall

BZNE - Waiting for 1 green day

AXXE - New pump from OTC Magic, tendency to not last very long...

NNRX - Recycled pump, watch where it goes this week

ENIP - Watching gap to fill @ ¢.96

MULI - Looks like a repump

Current Positions : PGLO @ ¢.40; STVF @ ¢.48

Orders : NWTR @ ¢.27; IGEX @ ¢.35

Watching :

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 postion with ⅓ size ready to average in when goes up; Have exit order in place when entry hits; Get out if breaks $1, not before; 40% max on borrow fees; @ least 1 day with no positive tweets; no blue sky

CheckSites: Pumps&Dumps (email); Pennystocks24 (email); MicroCap Trading (email); TickerTweets.com, Promobuyer.net, Pennylogic.com

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.

11/19/13 - Watchlist

PGLO 108% - Re-Pumped and I was away from my terminal when it started, it still fits into my rules and am trying to get more shares (did snag a little more today) to average up and catch more of this eventual dump. Watched it spike up then churn in the low ¢.70's have to see where the promoter is trying to get the price to before they walk away.

ENIP - Small ¢.10 bounce today from the dump, gap to fill to ¢.96ish will wait for that to happen maybe during this week to look at an entry

NWTR 8% - Like the gap on daily chart from 10/30. up and down and closed the same as the open after a green day following four red days, will look for a bounce to short into. Some support @ ¢.22 44k and ¢.21 50k.

BZNE - Has arrived at the ¢.50 level, watch tomorrow if bounces off will be a nice short if it holds up

SOPW 6% - Gap up from 2 days ago, good resistance on L2 @ ¢.37 30k, if resistance holds in the morning then will look for entry

Current Positions : PGLO @ ¢.40; AVXL @ ¢.50; STVF @ ¢.48

Orders :

Watching :

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 postion with ⅓ size ready to average in when goes up; Have exit order in place when entry hits; Get out if breaks $1, not before; 40% max on borrow fees; @ least 1 day with no positive tweets; no blue sky

CheckSites: Pumps&Dumps (email); Pennystocks24 (email); MicroCap Trading (email); TickerTweets.com, Promobuyer.net, Pennylogic.com

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.