I was thinking about it so I think it can be a good trade. But yes, that thing can get over 100, not sure for the 500 though. So you want to have a LARGE stop. What I would do is not placing a stop but hedge the position with OTM put options (on ES or SPY, or calls on VIX if there are any) to...
I looked at Tim's site for weeks, watched his little Livestock TV show but never signed for the Alerts.
Tim seems a legit men. His calls are right but you have to trade them well and since they are small caps there is no volume so when he sends an alert you are better to be on the trigger cuz...
"All MOC orders must be received at NYSE by 15:40 ET unless entered to offset a published imbalance. "
"New York Stock Exchange (NYSE) rules also prohibit the cancellation or reduction in size of any market-on-close (MOC) order after 15:40 ET."
Don has it in his training at Bright.
It's Limit On Close orders I think. Basically the NYSE publishes the imbalance from 3:40 and they trade it from there. Buy/sell before close and unload on the LOC. Not sure of the details, I dont play it.
16 fills, 3 longs, 13 shorts. 12 winners 4 losers. + 0.14 average.
Cancelled only 18%, played financials.
Best day so far on a cash basis. Highest number of fills so far.
Could/should have hold longer on some at the end.
I've try some scalping with that kind of risk/reward and expectancy. Fees get in the way big time. All automated maybe. Manually it's a waste of time and most probably money.
Wow, I had to load my balls to play that.
8 fills, all longs, 6 winners, 2 losers. + 0.19 average.
Cancelled 60%, played wide and long only.
ACN went down over 2$ before coming back, freak.