Making $5K with $20K each month
- Thread starter PennyTrader
- Start date
Will see if 61.40 hold, notice B-line has some room to reach the oversold (down below 20%).
TEXG, see the eod short squeeze is in making:
How to use? There are thousands of traders are using these same charts. LOL. Your nightmare is our sweet dream. None wants you to read these charts and hae nightmare, for the dreamers only!
DNDN support area : 17.60:
Well, I said I won't get back in TEXG, I didn't listen to my own advice, I was penalized. After it dropped to $3.40 around 3:30 PM , I bought 1K to play the bounce, I couldn't sell it at $3.50s on the bounce, MMs didn't take my shares, that's the major problem when you trade microcap stocks - dealing with MMs instead of using ECNs. A few minutes later, it quickly tanked to $3.06, I managed to sell it before the market close at $3.10s, I don't want to hold it overnight. I also tried to play 1K DNDN on a possible bounce before the market close, it didn't make a bounce either, so I closed the position and offset $100 gains made early, you can very easily lose $100 playing DNDN on 1K shares. The lesson is SIMPLE - stop trading after 3:30 PM, it is a pure gambling in such a short 30 minutes time period unless hold it after the market close.
I'm still holding CEGE, added 1800 more shares at $2.51. still hold 2K TUBR, bought back 2K SNEN, have some calls on GOOG/AMZN.
TEXG - fooled me around 3:30 PM:
I'm still holding CEGE, added 1800 more shares at $2.51. still hold 2K TUBR, bought back 2K SNEN, have some calls on GOOG/AMZN.
TEXG - fooled me around 3:30 PM:
Wondering why I didn't go short on this descending triangle with a stop. I watched too many stocks, lost concentration.
Quote from PennyTrader:
Again, pulling back from the upper down trendline:
Here are explanations on charts setup and how these colorful chart works, they are used by hundreds of Ensign traders:
http://www.dacharts.org/archives/2X...ng_20060613.htm
http://www.dacharts.org/archives/2Xbline
The different type of chart setups:
http://www.ensignsoftware.com/tips/tradingtips87.htm
http://www.dacharts.org/archives/2X...ng_20060613.htm
http://www.dacharts.org/archives/2Xbline
The different type of chart setups:
http://www.ensignsoftware.com/tips/tradingtips87.htm
I used my Ensign chart indicators tweaked my stockfecther filter to find stocks with strong trending - the idea is the uptrend will likely continue on daily basis because the trend is so strong, the trading strategy is buy high and sell higher (sell to the next fool), use lower timeframe (hourly 15 minutes, 5 minutes) to find a good entry. Some of these maybe good for short-term hold. Of course, proper stops have to be entered on these stocks/funds. I've used on microcap stocks, I will test these big cap stocks tomorrow, wish I have more capital to trade these high priced stocks. Here are few I found, the ones below $5 or with less volume are not posted.
All shows 3-month chart:
TY:
PTFC:
BAY:
MHGC:
EWQ:
GR:
ERF:
All shows 3-month chart:
TY:
PTFC:
BAY:
MHGC:
EWQ:
GR:
ERF: