Lol.

Maybe with a small amount?

I just see them a lot closer to their floor than their ceiling at this point and thought maybe I’d pick up in a handful with the mindset that they can’t get much worse than they currently are...

Until they reverse split and finally go bankrupt.

Well....that doesn’t sound like it would be if it me now.

I once bought a stock at $1.50 and by the end it was worth .008

I should clarify that just because a company is evil doesn't mean I won't invest in it. I've invested in Big Oil and private prisons and even Wells Fargo in the past. It's all about capitalism.

There's enough smart investors here that we should cooperate and set up a CP portfolio. Everyone who wants to could do their own DD's on whatever stocks they want and present their cases for upcoming plays. We could do long-term holds and short-term. Others could chime in why they agree or disagree, and then debate. I think something like this would go a lot better than Hootie's Draft King shit I wasted $100 on. I currently only have one YOLO portfolio that I'm treating like a casino, but a more legit portfolio would be nice to have to supplement it. May be a good distraction during the offseason.

Would any of you be interested in something like that?

I nominate Hootie to head this up.

To be more clear, I didn't mean we all chip in and set up one portfolio that we all divide profits on at a predetermined end. Basically a virtual portfolio that we all create our own version of and spend as much or little as we can afford.

Nah, the play would probably be just stick it all in SPY or something. The gambling shit is fun and Spurs talk but legitimate more risk averse investing is boring.

I like to drink and screen for stocks on Saturday afternoon. These charts are meant for possible swing trades and I liked their setup. Swings trades are held for days to weeks and look to make 5-10% profit (sometimes a more). I may decide to let 25-50% of the position run after selling for gains but many times will at least raise my stop to break even so the trade is guaranteed to be profitable.

You only enter a swing trade with a pre-determined stop loss that is set upon entry. If the trades works against your favor, you get out and do not ride it down. You NEVER average down in swing trading, only long term positions.

FN
AYI
SNX
SWTX
SANM
ORN

and possibly, TACO. Not a joke.

I will watch how these open and look for entry above a breakout point on the chart. If the day opens poorly, I may not start any new positions.

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I've loaded the boat on ZOM during this correction!

I'm investing in WHORE this weekend. It's always reliable and pays a dividend.

I just don't have anything left in my SHORTSFOLIO when it's over.

It's a real flash in the PANTIES kinda stock.

Take a look at PIIHB

Sounds like a pump and dump.

It sounds like a short-term hold. I'd recommend moving into pharmaceuticals afterward.

Feels like that's already what's happening? Maybe each person list their THREE top stocks (one short term about to bounce pump n dump. One long term hold and one...um? wild card?)

YES this is why this place rules. ROFL

For someone who is new to this, this is the kind of insight I appreciate. Thank you.

Your goal as a swing trader is to have your winners double your losses, so averaging 10% for your winners and 5% for your losses. With this ratio, you only have to be successful on 50% of your trades to make nice profits across the board. You have to be disciplined though. If you don't set a stop loss on a position entry and it moves 25% or more against you, that's too large a draw down on your capital and makes your success rate have to be that much higher (which is hard).

If you have questions please ask. Trading is different than investing. In trading your must have defined rules and follow some form of technical analysis. You should at least mentally define the difference between your trading positions and long term investing.

Same. Sold all my short terms where I was still up +50% and dumped it all into ZOM

More great advice.

I was greedy with CCIV and was left holding the bag. Having just jumped in it was a big chunk of my portfolio and now I'm in the red. Obviously I should have sold. When I should have sold is what I didn't understand.

If I'm reading what you're saying right, I should have set my own number (10%?) and sold then? I know 10% is a nice return on long term investments, did you use that number because it is generally considered good for short term too?

Thanks again.

What's the scoop on ZOM? I keep seeing it brought up and read about the company and I think I'm missing something.

Pharma with patents on a pet diagnostic tech that could change the veterinarian space. Speculation that its a potential $6-10 stock at some point this year.

Got it, thank you. And late March is when it is predicted to jump is what I've seen.

Is Tesla a good pick? My advisor is looking at it if it drops a little further.

I have a feeling I would get ****ed in the ass with that stock. :thumb:

Exactly right! :thumb:

May be better to hedge and own the pharmaceuticals FIRST! :hmmm:

FEEL LIKE WITH THE VACCINE NEWS GOOD TIMES ARE AHEAD BOYS

Just posting because I hope it helps someone.

There's plenty of ways to trade but these rules relate to technical analysis and Mark Minervini's principles. Rule #1, risk management and protect downside risk on all positions.

The key to trading is finding stocks on momentum, getting gains and getting out. This only works with defined rules. This is actually LESS risky then buy a stock on speculation and holding it long term like many people do.

10% profit is just an example, it really depends on how the stock is moving. But I generally sell 50% of my position if it gets to 10% profit. I may then leave the remaining 50% of the position to run, but move my stop loss up to break even. This way I cannot have a losing trade. If the stock continues to move up, I sell another 25% of the original position and continue to assess the stop loss placement. In last week's market, the goal was to get in and out of stocks quicker (3-6%) and run tighter stop losses because trades were having less success with all the volatility.

Tracking your trading data is necessary to determine your success. I put all my trades on a spreadsheet and track various stats (I'll post below). I got stopped out quickly on 4 positions last week and for 5-6% losses on all. That was not well played. Since I know my trading success was limited last week, I will only scale back into trading instead of trying to find all new positions to fill even though my account is currently 60% cash. So I may look to enter 1 or at most 2 positions to start this week, but I will not be finding 4-5 more entries until I see my success to start March. With all my stop losses last week, I am sitting 60% cash in my trading account (I had started the week only 10% cash).

The success of trading is determined by technical analysis, not fundamentals. It is based solely off reading charts. I look for breakouts, cup and handles and bottom reversals for entry. Stop losses are determined by recent lows or the 20/50 day moving averages. It really depends on how much the stock appears to be moving.

Here's where my January Trading ended up and what I track in my spreadsheet. I wasn't even able to meet 50% success in my trades (Batting average) but because my win/loss ratio was very good, my total account value increased 10% in January anyway. If more people understood this simple math, they wouldn't be hanging onto stocks like CCIV and GME for weeks/months at a time. By using technical analysis, I can ALWAYS find more setups I like and enter other trades. By following rules, I don't have the downside risk of seeing my capital disappearing and possibly never coming back with an individual stock.


January Totals (25 total trades closed in the month)
Average Wins 15%- Average days held 17.2
Average Losses 6.33%- Average days held 12.4
Batting average (success of trades) .454
Largest win 37.87%
Largest loss 9.99%


I pay for a stock screener called TC2000. It's $30 a month but saves me hours of time compared to researching charts on my own.

I can enter these conditions into the stock screener and they help locate breakout stocks to find charts for entry. These are the conditions I enter into my screener.
1. Current stock price is above the 50 day, 150, and 200 day moving average
2. 50 day moving average is above both the 150 and 200 MA
3. 150 MA is above the 200 MA
4. The 200 MA is trending up for at least 1 month
5. Volume - Greater than 100,000 2 bars ago
6. Stock price $5 or higher

This will provide me with over 1000 charts currently since this bull market is so extended. To narrow this down further to about 300 charts I will add percentage change in revenue last quarter to 20% or greater. I can also sort by stocks with RSI near 70 or higher.

I could maybe see ZOM. It's retraced close back to prior breakout which could be a good entry, above $1.50. If I pulled back to $1.60-65 you could get in and set stop loss at $1.50 for 6.2% risk.

Or better yet it would be nice if it would move sideways and consolidate nicely for a bit. Then you could look for new breakout on momentum up. It's healthy for stocks to move sideways after a breakout as many times this is shaking out the weak hands before a higher move.

https://i.imgur.com/3uJRGFs.png

This is great.

I was looking at this initially as a hobby I could get into. The naiivity/stupidity to think I could just throw money in after watching a few videos has put me behind. I love data collection and analysis so this is right up my alley.

Thank you again for sharing what you know. Obviously you have done this for a while and have some wisdom. I appreciate you sharing it.

Lot's of dudes trade well here. I suck ass at is so I don't. But I'd listen to what Lewdog says on the matter. The man has his shit together in all aspects of life.

Simmer it slow, like a proper sauce. HR hitters have a rather high strikeout rate. Joe DiMaggio only had 361 HR's. I'll take him over both those bash brother dorks.

Read this book and you'll be on your way.

https://www.amazon.com/Think-Trade-L...s%2C513&sr=8-3

I really enjoy this. It's a hobby for me as well but it's not a hobby in the sense that I am ok losing money at it! This is a hobby that is also about wealth building. It's very enjoyable to learn and determine your own strategy and technique. I've never taken a single business class, but if you give yourself enough time, you can learn anything.

Feel free to message me if you have questions.

You are the Bitcoin master!

I really only recommend trading if you have your other retirement accounts like 401k/IRAs getting pumped with money though. These should be heavily funded with indexes or mutual funds, starting young and NOT put in individual stocks. Also having an emergency savings fund (3-6 months of expenses).

After that, use trading/individual stock investing to improve wealth building since savings accounts and CDs give you nothing!

Love you too. Bitcoin is easy. I put a dollar in, I won a car. I put a dollar in, I won a car. I put a dollar in, I won a car.

You could use a little more risk in your life though. :)

Ain't that the truth! I just can't do it though.

Stay well young man.

xoxo
Lewdog

Did this thread just turn ****ing ghey!

You are a different thing. Stretching that retirement money is noble af. Mad respect.

ABEO for you degenerate gamblers!

Also adding LMAT to the list and would look for entry at $50.50 if it moved slightly down. Been moving in consistent base since end of January and made strong move Friday.

See, pulling out to 6m historicals - at a minimum - I'm going to call ABEO a long time hold. Good one though.

To me, it looks a lot like CCIV graphs (specific to the spike).

It peaked at 2.70 two weeks ago then they announced an additional share offering at 1.90 which it has dropped to in the past two weeks. currently at 1.99 AH.

The big gamble here is whether the product they are developing gets approved and adopted by vets and if it catches on. How quickly they can grow and turn profits.

What do you guys think about PLTR. It's down 37% during this correction.

Good for a swing trade?

Haha. I never said a bad thing about it. Worth it to be part of the story. My ill stated point is that a group thing quickly became a Hootie thing. I'd vote you back in. You are good for the board. Cooper Barrett is not.

Hasn't show signs a reversal yet. I don't buy things still in a downtrend for swing trading.

I may consider a call on it though considering it's fall, $30 strike. 4-6 months out from now and close on a spike day above $30.

Looking at the chart history of the existing ARK etf's they appear to have all opened at $20

ARKX is expected to open around 3/29. Lots of attention on this fund to boot.

I'm thinking ya just gotta jump in.

Thoughts?

If it opens that cheap I'll buy 50 shares minimum. I'm about to cash out all of my bitcoin, have a bad feeling about it for some reason so I'll probably end up getting 100.

We got rumors of a CCIV/AAPL thing happening now.

Big money folks. Big ****ing money.

There we go, buy the rumor right?

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When is BORR launching its rocket ride to the mooooon?

Heard that about NIO and Apple a while ago.

Apple likely will have a place at the EV table in some way.

In on Apple premarket at 123.50. Should be decent swing trade.

Side note: I don’t like holding companies like Apple long term because I already have tons of exposure in my index/mutual funds in my 401k and ROTH. But many of these large caps make nice swing trades because in a bull market they will rebound nicely on pullbacks.

Not bad....

I think you can get $5-7 quick gain out of that easily. :clap:

HOW MUCH ARE U UP TODAY, BRO?!?!?!?!

Why wait, buy the stocks that will comprise the fund now.

NPA, HOL, etc.

You might miss on one or two and they could take a hit, but the other should easily offset that.

Yes, I built a watch list for ARKX on my etrade account. I've been loading up on GILT and GSAT in anticipation. There's a new spac today that's another satellite launcher. (VACQ) . Wish I'd grabbed some warrants as they are up 97% today.

How'd you find that one? Nice work.

Anybody here trade in OTC stocks? I started investing last year in May. It took we a while to get my traction, but things have really taken off since I found some good OTC stocks. I had about $16k in my account on DeC 1. On March 1, I'm at $115k now. Mostly off of OTC stocks. I was actually doing better. I was over $140k before this correction started 2 weeks ago.

Up 4% since my buy-in this morning. Trimmed 25% of my position today. Will trim or totally sell out on spike tomorrow for quick 5-6% 2 day profit. Might leave 25% to run a bit and set stop at break even.

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I'm in ZOM. Have been since last summer. I originally got in at .22, before their offering at .16 that killed it for a while. I rode it all the way down to .07 and averaged down. Sold some off when it hit my average, but I'm sitting with 11,000 shares and a .16 average. ZOM has been one of my best investments. I'm glad that I stuck with my DD and held onto it when things looked bleak.

I don't do much of that kind of thing nowadays, used to trade OTC pot stocks when legalization first started. Sounds like you picked some winners, care to share?

We had a good day today with ZOM :clap:

If you turned 16K into 140K you should quit your day job.

I buy OTC every once in awhile. Friday I grabbed 500 shares of SHRG at .24 and sold it today at .36. 50% in one trading day. The only problem was I only bought 500 shares instead of 500,000. LOL

I bought LHSIF Liberty Health Sciences more than year ago. Canadian Pot stock that operates in Florida of all places. Just got acquired by AYR and the stock converted to AYR stock but hasn't switched over in my E-trade account yet. I need to look into how that works. It has gone up 300 percent in the last three months after the acquisition was announced.

Sure. ZOM, as mentioned, is one. I also got into OPTI at .06. it's at .23 now, and I expect $2 on it by eoy. GAXY from .007 to .05, It's down now to .025. I'm expecting it to go to .10 or better..

I'm working on that. I want to get a bigger nest egg built before I put all of my eggs in one basket.

I've done the same thing. I bought a stock called GHHC. I only bought a small position because I wasn't sure about it. $40 worth. They changed names to VITX and then it took off. Next thing I knew, those shares were valued at $1700. I was kicking my self for not buying more. But man, was that an amazing profit.

Also, I took INKW from .01 to .06, OZSC from .01 to .20, and AABB from. 01 to .31

Am I too late to grab some ZOM or is there still time to get on board?

You guys need to be buying AMC before it leaves the solar system. Still affordable at $9 something/share, it's going to squeeze in the next few weeks or so to minimum $100 but more likely a LOT more than that. I'm sure this post is going to get a lot of ridicule but just wait and see.

Shit stock.

That's about to make a lot of people rich. I'm more bullish on it now than GME. Do a little research, look at the volume and some of the institutions buying huge amounts lately. It's coming...oh yes...its coming...

I'll buy $1500 tomorrow just on the off chance you're right.

I'm getting another $1000 tomorrow myself.

:toast:

Check out r/amcstock and read some of the DD's...its really hard to argue with any of them.

Looking at the 10 year chart it's never been higher than $32. Now it's going to $100 . OK

I think he's anticipating a GME like pump and dump