The Glade 4.0

So your investment strategy is Amway?

_________________

Isn't Amway the best way to get to financial security?

_________________


Dream as if you'll live forever...
...Live as if you'll die tomorrow

Vivere Senza Rimpianti

Actually yes it is, wanna sign up through me?

_________________

Are you a cop?


For now it is 100% small cap less than $5 stocks...

Some are pink sheets and otc, but not all. Lots of pump and dumps for sure. There are plenty of great undervalued companies, too that make good gains if you wait for a nice setup.

Most of my trades short term positions (2-14 days)


I'm not doing any promoting / manipulating. That's illegal.

It is however legal to buy and sell them. It's very very high risk, but if you do it right you can make huge % gains while cutting losses in a very short time. Of course most of the strategy goes against the grain (99.9% of penny stocks are crap) and there is a lot of controversy with people that have a more value/growth only mindset.

Mostly watching level 2 quotes, charts/technical analysis and using newsletters...

and stuff


Today ironically is my first bad losing day (some of these, you can't use tight stops and just have to use smaller positions) but in the past 3 months I'm still up 20% of my total acct. balance. If you stick to the strategy you can swallow the losses and come out a winner over time. Much more consistently profitable than buy and hold long term blue chip / mutual fund strategy. Typically you only want to use this high risk strategy on a part of your account or a small subset of what you're willing to lose...and I actually wou'dn't recommend this strategy unless they understand the risk involved, but, you can definitely make it work for you...

_________________
Ron Paul 2012

Either it's yes, as in "Lots of pump and dumps for sure", or it's no, as in "I'm not doing any promoting / manipulating. That's illegal."

_________________
"Dress cops up as soldiers, give them military equipment, train them in military tactics, tell them they’re fighting a ‘war,’ and the consequences are predictable." —Radley Balko

You misunderstand.

I'm not doing any promoting or manipulating or any illegal activity.

I'm day trading and swing trading stocks from companies that are being promoted / manipulated. There's a lot of psychology involved as well.

With some research it can be found that a lot of these "companies" happen to be scams. They are running an illegal operation, however it is still legal to purchase the securities if your broker allows you to. I'm a retail trader so there's no real way to 100% know for sure if a company is a scam or not. You can be 99%, but never 100%. By nature, trying to take advantage of the price swings that result from this, is risky business. But with high risk, comes high reward.


All stocks are manipulated. Even the big swinging dicks like Google and Apple. Google and Apple are legit companies obviously but their stock is still manipulated. Now, for someone like me it would be damn near impossible to trade stocks like these that are being traded by the big players and pretty much every investor around the world. This includes corporations and huge brokerages.

Penny stocks get a bad rap for a lot of reasons that I could go into, but with correct fundamental and technical analysis and some balls to try a strategy that isn't as common and even looked down upon by big investors and laymen, you can do just as well as you can with regular stocks. The risk/reward is higher. It's a trade off


All stocks are manipulated, though. Buy low, sell high. Right? Well, people buy with the idea that they're going to sell or at least be able to sell, and that the value is going to go up. Right? So...if you understand how the market and the trading works you can take advantage of this psychology. With penny stocks, they're so cheap and thinly traded it's easy to make things happen with (relatively) small amounts of money.

Stick around, you might learn something. Penny stocks are one of the fastest ways to grow your trading account if it's less than 250k or so. Possibly even higher, but by that time you can move most of your account to other more stable investments...

_________________
Ron Paul 2012

Based on your description, it doesn't appear that you are engaging in either fundamental or technical analysis.
Who are you using for a broker?
Are the majority of your trades inside or outside spread?
What are you paying for commission?
Are you paying principle transactions?

"Stick around, you might learn something."

Heheh, dude, that's classy. Keep in mind that you might not be the smartest, or most experienced guy in the room. You just might alienate someone who is willing to help you with that kind of crap.

_________________
"Dress cops up as soldiers, give them military equipment, train them in military tactics, tell them they’re fighting a ‘war,’ and the consequences are predictable." —Radley Balko

I do my own research on most of the stock I buy. I always use technical analysis for entry points on stocks that have good fundamentals. On promotional stocks, I simply use smaller positions. There are times, though, when fundamentals aren't going to mean much...and technical analysis really only tells you what has happened in the past. Mostly good for trading blue chip stocks with high trading volume, which i pay attention to and paper trade.



etrade. switched from zecco.



i'm unfamiliar with that, i'm going to assume outside if it means what I think it means.



60 days free trades, then 9.99 per transaction afterwards.



I only pay the 9.99 etrade commission fee.




I was playing with you. I mess with people when they interrogate me, insult me or militantly question my principles. Not because I feel I need to, but because I can, and I love the sound of my daskeyboard. The satisfying clickity clack of possibly winning an argument on the intarwebs. Isn't that what drives most of you gladers? I know how you people are. I've read the hellfire..



I realize that and accept the consequences for the purposes of my own amusement. When a forum community labels you a certain way you have a few options. 1. Leave. 2. Ignore. 3. Troll

_________________
Ron Paul 2012

4. Change your posting style to better represent your "mislabeled" self

I could



but





nah


http://finance.yahoo.com/news/Amwest-Wr ... 9.html?x=0


this is a pump and dump

for more info on pump and dumps:

http://www.imdb.com/title/tt0181984/
http://www.pumpsanddumps.com/
http://stockpromoters.com/

_________________
Ron Paul 2012

Good luck with that.

_________________
"Dress cops up as soldiers, give them military equipment, train them in military tactics, tell them they’re fighting a ‘war,’ and the consequences are predictable." —Radley Balko

thanks!

_________________
Ron Paul 2012

Right, so, how much have you made since you became unemployed?

_________________

I am wondering that too. Is it above minimum wage? Have you put more thought into finding a new job?

It is below minimum wage. I'm not "investing" money so much as I'm investing time. I put in a lot of work and since I've lost my job I can't afford to trade with much. Also, I'm taking a risky strategy as it is, so I'm taking a (relatively) conservative approach to these penny stocks. My account is below the 25k so I am subject to pattern day trading rules, which means I can only make 3 day trades in 5 business days, so I'm limited to taking mostly swing trades. Each position I limit to a small dollar amount (less than 1k for now) so I'm playing it pretty safe for now. Average gain per trade is around 15-20%, a few small losses, but mostly wins.


I'm up over 20% so far on my account balance even after counting yesterdays loss. Aiming for an average of 15-25% gain on entire acct. balance per month. The more I learn the better I'll be able to control my risk.


Will probably get a job for a little while but not for another 4-5 months. Going to spend some time focusing in trading and launching a few website ideas I have. I spend my evenings educating myself to be a better trader. I'm not making much now but I'm working hard and my plan is working so far. I take small quick profits and try to cut my losses quickly. Obviously in the penny stock game all losses can't be cut quickly so other methods of reducing risk must be used. It's a pretty simple strategy, I'm not doing anything special.

_________________
Ron Paul 2012

BET IT ALL!!!!

_________________

A A All in


Lose to 7 2




/facepalm

_________________
Ron Paul 2012

Apparently 2 people living in Wisconsin committed suicide because they lost money in that AMWI stock crash yesterday.

Probably got scammed into putting their whole life savings into it.

Could be a news report about it tonight.

_________________
Ron Paul 2012

If a single equity falls $1.165 per share in a day of trading, and that crushes your hopes and dreams and destroys you financially, you've done something terribly wrong and probably should kill yourself. I applaud these two idiots for seeing the truth of that.

_________________

Ezekiel 23:19-20 

anyone who puts their life savings into 1 penny stock is asking to get f*cked

_________________
Ron Paul 2012

Am I confused or isn't that what you said you are doing?

Make sure you at least stay tight with Mom and Dad if they are still proving you the living space.

_________________
Gorse

I'm not risking my life savings on 1 penny stock, lol.

_________________
Ron Paul 2012

[youtube]-vRe-P8Qd-U[/youtube]

_________________
Ron Paul 2012

Why do I keep thinking of the movie Boiler Room every time I check this thread?

_________________

Yeah, I recommended that earlier in this thread.


It's an awesome movie, describes oldschool cold calling boiler rooms perfectly.

_________________
Ron Paul 2012