Reading Volume.....

I didn't realize how important reading volume on a chart was. Today I watched a few videos and looked at some charts explaining the correlation between volume and PPS increases and decreases.... Good stuff.

ONTC~~Nice Chart! Can't wait to see what next week brings!

Well, I probably won't make any trades at least until Tuesday....but ONTC is being pumped heavy.....of course by a few 'questionable people" so anything could happen. I only have  60,000 shares and I bought them at .01 a while back, hoping to sell at .03 -.04. Months later, here we are at .0081 so we'll see what happens.

Glad I held on to ONTC

I decided not to sell anything today. I was really planning on selling ONTC, especially with even more questionable characters hopping aboard. It was just too nice out today and my co-workers and I decided to take it easy and do some bonding.

As it turns out, ONTC is supposed to have some nice things coming next week. I sure hope so. I've been burned by all this "awareness" anticipation before, but if ONTC is no joke, great things are to come.

Sold a few stocks yesterday....

I sold off PRPM, SLLN and AWYI. I'm holding ONTC still. I originally bought it for the long term. I may decide to stick it out. I can watch it today.

Anyway, here's a new snapshot. I'm down almost $300 from before. But, it'll be recouped.

 I am now looking at my Scottrade homepage. I have exactly 11 positions. DTSL, KNSC, AND SMVI are the stocks I'm looking to just sell and take a loss. KNSC will probably be the first to go. I'd rather take what little I can salvage than wait for it to go to no bid.

Then I have HESG, QEDN, and TLCV that I can't even sell.

Hmmm....might have to bail on ONTC too

Looks like some more "questionable's" are showing interest in ONTC too. I really like ONTC and think there's good things to come in the future...but I'm up on it now and certain groups can really affect penny stocks in a positve and negative way.....we'll see what happens.

Maybe sell SLLN today?? EMXC - seems promising

I'm busy this AM at work, but I'm going to try to keep an eye on SLLN. I'm down, but it's nothing bearable especially since yesterday's green close.

I noticed some people on my "questionable character" list showing interest. They seem to be working together right now to feed off of each other and create that "BOOYAH" interest. The outcome could go either way depending on the goal.

On another note, I did some DD on EMXC yesterday. I like this stock. Seems like someone is accumulating shares like crazy. It would be a long term investment in my opinion though and I'm not looking for that right now. If I had more free cash flow, I'd grab shares for the ride.

Got killed by SLLN and other crappers!

So anyway, I tried to trade SLLN last week. Lost $400+. That's okay. It was a dump pick and I had been warned too. I had to leave for a couple of hours and BAM, the tides turned. No sweat. I will recover.

I have not traded at all since July 6th or 7th. I've just been watching videos and looking at chart patterns.
Also, I've been selling duds in my portfolio. I sold off MWWC, which I actually don't think is a dud, but I bought it a long time go and I only had 7700 shares anyway. I'm not interested in adding. I think people will be happy with MWWC though.

I sold MUTM (another POS I got stuck with). I'd rather just take what little is there than look at it any longer.

I sold off UNVC too. I already profited off of this, but kept some free shares. My mother lives near the supposed location of this place and I went to the location and it does not exist. Most pennies are scams anyway, but this pissed me off because I had hope. I should have old off long ago.

Lastly, I sold NNBP. I didn't have many shares to matter anyway. I'm sick of watching it spike 20% and drop after. It's a day traders dream. I don't have the cash flow to play around with this.

Tomorrow I am seriously thinking of selling AWYI. This weekend I read a lot about the company and read thru forums dated back a couple of years. I feel Dejavu into the abyss is in AWYI's future. I will lose money on this, but only about $100 if I exit ASAP.

I'm holding 8 other crappers in addition to these. 2 of them have been R/S to the point of worthlessness in my book.They'll never recover. I wonder if I can still rid them from my account??

Deposited $378.06 today.....

I made a deposit of $378.06 today in my Scottrade account to bring my settled funds to $450 an tomorrow the amount of $1457.88 will be settled and available. In total, I have deposited $814.69 of my own money.   Here's a snapshot.

This has nothing to do with stocks .... BUT

WOW! Really???? Casey Anthony - Not Guilty??  I busy at work today and  tuned in as soon as they said a verdict had been reached. I was wondering what her reaction would be when the GUILTY verdict was announced, but I guess not. This jury ... I don't even know what to say. They should probably lay low for awhile.

I wish the media wouldn't give Casey Anthony the time of day after this verdict. The way this world is, she'll be rich within months of her freedom.

ACYD and EMXC~~ Hmmm

I am really starting to like these two. ACYD has a nice website. Most pinky sites look very unprofessional. The management team has nice pics, bios, and credentials. What the company does is interesting too. They have a small float under 20 million. The AS is 115 million and the OS is about 37 million.

The PPS has been slowly and steadily going up too. I've been watching this stock since it was at .01. I was supposed to get in on Friday. I ended up playing GGRI though because I thought I'd see a quicker move up.
ACYD does appear to be trying to get current and show more transparencies.

Downside : It almost looks like it's being pumped. Too many stock boards have traders making manic comments about the company. There's also a lot of traders involved in "compensated awareness" popping up.

EMXC seems to have a lot of potential.  The issue I have with EMXC is that they dabble in multiple niche's.
I can't see a small company trying to take on all these different projects. I have to research more, but from what it looks like the share structure is ridiculous. Like I said, I see major potential for this company, but how will they get anything done while focusing on all of these divisions?

Regardless, both are getting a ton of attention. Maybe it could be enough for a run. Who knows?

24.12% Profit - $195.87 to be exact - I'll take it !

Today I decided to trade GGRI. I actually bought it on Thursday and held it overnight....eeek ( That's something I don't want to make a habit out of).Made out good with 24.12% profit. I ended up having to tend to other issues today, so I couldn't really watch the action. My plan was to play ACYD, but I really like this stock and it wouldn't be a short term trade  for me. I am contemplating adding a few bucks on Tuesday to just throw in ACYD. I don't know though. I have 3 days to ponder the thought.

I had $883.95 available. I used $812.01 to buy 6000 shares at .13, sold at .17 for $1007.88. $195.87 profit. I didn't lose money, so no complaints.

 

Penny stocks.......Date em......don't marry em. = good advice

 Well, most of my stock watchlist fell or stayed in the black. I think I'll keep track more often as a reminder to stick with strategy and not let emotions take over.

I can't wait until tomorrow.....funds clear! Round 2

EMXC .0007 - closed black at .0007  0%
OMVE .775 - closed red at .75 -3.23%
GNAU .025 -closed red at .0203 -18.8%
ARWD .02 - closed black at .02  0%
ACYD .0157 - closed green at .0183 +16.6%
CHWM .0076 - closed red at .0074 -2.6%
QMIN .0002 - closed black at .0002   0%
AXLX .021 - closed red at .019 -19.5%
VSHC .0055 - closed green at .006 +9.6%
IHCH .09 - closed red at .08 -11.1%
EMDAQ .024 - closed red at .02 -16.7%
SLLN .0014 - closed green at .0015 +7.1%
SKZW .0049 - closed green at .0065 +32.65%
SPRL .0003 - closed black at .0003  0%

~~How the watchlist did today.~~

If only I had the funds to invest in some of my watch list............ oh well. Maybe sooner than I think.


EMXC .0006 - closed green at .0007 + 16.7%
OMVE .73 - closed green at .775 +6.2%
GNAU .0203 -closed green at .025 +23.1%
ARWD .0235 - closed red ( something going on I didn't like anyway) at .02 -14.9%
ACYD .0149 - closed green at .0157 +5.4%
CHWM .0075 - closed green at .0076 +1.3%
QMIN .0002 - closed black (another fishy one I mentioned) .0002 still
AXLX .017 - closed green at .021 +23.5%
VSHC .006 - closed red at .0055 -8.3% - if their revenues turn out as they say.... this stock seems undervalued to me. I don't own any, but if their revenues turn out to be as good as they claim, it'll be sweet.
IHCH .08 - closed green at .09 +12.5%
EMDAQ .025 - closed red at .024 -4%
SLLN .0015 - closed red at .0014 -6.7% ( another one I can sense something wrong)
SKZW .003 - closed green at .0049 +48.5% - I like this company, but I don't think I would've bought it if I had the chance today.
SPRL .0004 - closed red at .0003 -25.00% - why did it even put this up here?? I take it back... same with QMIN..garbage

Watch List So Far til Wednesday............

EMXC .0006, OMVE .73, GNAU .0203, ARWD .0235, ACYD .0149, CHWM .0075, QMIN .0002,  AXCX .017, VSHC .006,  IHCH .08 , EMDAQ .025, SLLN .0015, SKZW .003, SPRL .0004

I don't know what's going on with  QMIN and SLLN and ARWD, but I'm watching.

Back to Trading 101

I thought it would be beneficial if I went through some "chart pattern" info again. I don't trade often and this stuff is very easy to forget. You can easily recognize a chart sometimes but you forget what other indicators might be good to look at with the pattern. At least I do.

My system is probably no good, but I pretty much just look for up-trends and try to  trade that in between without getting caught in the fall. I see so many traders that try to be perfect and get in at the bottom and exit at the peak. Is that even possible without being "in the know" on some inside info?...unless maybe you see potential and start accumulating early.? I really don't know.

Today I looked at the "Double Bottom Pattern." On Pennystockprofitbonus.com, they had this to say about the double bottom pattern:

Double-Bottom Pattern

A double-bottom appears as you would expect it to on a chart. It usually looks

like the letter “W”. There are two valleys forming between a down trend and an

up trend. It is critical to look at the share volume during the formation of

the double bottom pattern. You’re wanting to see higher daily volumes during

the up trends than during the down turns.

The theory is that a double bottom represents a resistance platform in the

price-per-share. This is a bullish signal. The bottom represents a good entry

point for buying, as well as signaling the exit point for any short positions.

Of course the trick is to recognize this pattern as it is forming. Being ahead

of the crowd is key when it comes to penny stock trading.

I also watched this a video on Informedtrades.com. I know StockHideout.com has good info and videos too...probably IHUB too, but I've never checked.

Watching ~~EMXC (Emax Holdings)

I really like this stock. This is one of those stocks that gave me the same feeling TYTN (Tytan Holdings) did.
Something told me TYTN was a good buy at .0005 months ago, but I didn't buy any shares at all. Today it's over .002/share.

EMXC is at .0006 right now. But I have no idea when it's going to move. For now, I think I'll stick with buying momo stocks until I can take some risks with the emotional picks.

I'm seeing a lot of pumps for ADPC (Allied Products Corp). Looks to me like it's going to be a big disappointment, but what do I know. I don't even want to see the words "gold mining" for awhile. I bought two gold mine garbage stocks within the past two years and lost a big chunk.

1st trade since $500 deposit! IHCH ~~~ 76.79% profit!!

I just made my first and only $500 was deposited into my trading account. If you notice, I spent $509.50 instead of $500 even on the first trade. That's because my purchase fee was $9.50. Not a big deal. If I am worried about that, then I need not even experiment with the little cash I have.

 I traded IHCH from .10 to .181. The alert was made at .08 by Hotstockace on IHUB. I've watched him for a long time. He's on a list in my journal as a "trusted" trader. Lately he has been on a roll. I'll probably use his alerts very often.

I started looking at IHCH around .06, but I was hesistant to jump in because it already shot up like a monster. Then I got an alert and decided to jump in. The news was good, almost too good to be true though. I hope it shoots to .50 and dollar land as everyone wishes. But I've been screwed to much to hold on.

I can't wait to increase my buying power. I can't trade again until next Wednesday. I know some people do and risk a "wash sale"... but I think I'll pass. Have a good weekend!

Below is just a screenshot of my trade today. 76.79% profit!! And yes I took into account my purchase and selling fees.

Slow day....no trades made

It seemed to be a slow, gloomy day today....except for those that traded BBDA today .800+% gain..NICE!
My boss got a promotion, so we all took her out to eat, plus I was with a client all day.

$500 Deposited and I'm Ready to Go!

Well, the $500 is deposited and funds are available. I'm really liking ONTC right now. I already own some though. But, I consider ONTC to be more of a long term trade though and that's not what I'm looking for right now. I was eying OTOW last night. Nice looking chart.....hmmm.

Just a Quick Snapshot Of My Account

From time to time I will post a visual just because I know it's nice to see something other than words all the time. Anyway, this is just a quick snapshot of what my available trading balance is right now. I'm pretty sure I'll be using this platform to trade. If I make a ACH deposit tomorrow, I can't trade until Thursday. If I do a wire transfer, I can trade the same day. I still don't know what I'm going to do yet. I have a busy day tomorrow. My friend got a great deal on a Colonic using the infamous Groupon. Ever since we saw that, "You Are What You Eat", we've wanted one. It's now or ever!............... Nite All!

My Crazy, But Very Much Attainable Goal

So, I've been trading penny stocks since about 2005.. I've made some good money and lost good money as well mostly due to letting my emotions get in the way, left holding the bag. I started out thinking that I would be picking 1000% + runners on a regular basis. Even though I have come to my senses, I've relapsed a few times over the years :-)

I use Technical Analysis (still learning chart patterns), Stock Boards, and sometimes Fundamental info (depending on the stock) in picking stocks. Fundamentals don't seem to mean much in penny stocks. My job at the time didn't offer a 401K, so I started investing in big board stocks just based off of stuff I read in magazines like Kiplinger.

I currently have an account with Scottrade with a little over $2k invested and available. Nothing impressive at all. I've used a majority of my profits making payments on a credit card and school loans. I made my first big profits in 2008 and 2009 with MXWL and EP, and GE, and AIS. I also got too confident, reinvested, and lost quite a bit with MAG, ANX, and MCLN to name a few. Not to say there didn't provide opportunity, I just didn't play it right.....Got lost in pipe dreams. Right now I have mostly a bunch of junk I'm stuck with. I'm definitely a novice.

What I have learned is that almost every single penny stock is a pump and dump, specifically when it's "running".

Lately, I haven't traded too much. I have a FT job that I've been focusing on during the day. Things are slowing down and as long as I get my work done and done right, I think I may have some room to do a little trading again.One thing I did not stop doing was reading the stock boards that I like. The cons are always on the prowl and growing by the minute, but I think that if I keep my focus, things will work out just fine.

I'm going to use a different approach. I know it's nothing new, but it's new to me. I'm going to let people who I consider experts be my stock picker mostly. I will focus on momentum hot stocks, but as profits are increased, I can see myself investing in a few lottos (which I choose solely on emotions and potential).

I will be grabbing several hot picks, complete my own due diligence, then decide. I've also been reading about and trying to look at trends in the market, for instance, a lot of Q stocks were on fire not too long ago.

I used to like to buy stocks that I felt were being accumulated and hold them for awhile. It almost always paid off, but it took forever. I have bad timing.

A lot of times, I will use alerts.I get alerts from so many sites. By the way, a majority of those sites suck. If you watch them closely you notice they have severe dumping trends or the stock makes less than acceptable gains every time they alert.... They're just about the only one's banking ---- $20k+ for every pump.

All I want to do is make 10%, 20%, 50% on each stock I trade or close to it. I think I'm only going to start with $500 and work my way up. Right now I use Scottrade for trading. I was thinking of using my Zecco account for this little adventure, but I've decided Zecco is not for me any longer. I've read some disturbing issues people are having with Zecco not allowing the sale of stocks that otherwise have no issues trading with other platforms. As I even write this post, I'm looking the E-Trade and Ameritrade site. Who knows? Maybe I'll just keep Scottrade. I didn't want to have to look at all my duds while I did this, but right now I'm happy with them.

I would like to have my deposit available by Wednesday or Thursday of this week. Let's do this!

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