Awesome - keep it up.Originally Posted by Sean
I friggin' love that game. Without it, I wouldn't have started trading options again.
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Awesome - keep it up.
I friggin' love that game. Without it, I wouldn't have started trading options again.
Pretty scary if you are studying TA and playing the chartgame on a friday night.
GOOD JOB!!!! Muahahahahahaaaaaaaaaaaa$$$
i keep winning on this game, it must be set to give people confidence so they jump into the stock market (or its fake money so no pressure)
hmmm.. its like every long white candle generally means bullish.. kind of like what bill was saying when it goes big it only lasts a few days (thats how its been in this chart game for me too)
ooo i can't wait until i start looking for new stocks to buy now that i know a few of the signals. hopefully in a month or two
You are really doing your homework! Good man!
Learning charts is so important.
Now if you applied the big charts like you are reading to pennies, they are similar, but not the same.
Bigger stocks have the ability to be plotted, and you use a much deeper sma, instead of the ema. On big stocks you can go by the 300 day sma. On pennies, you have to be quick like a bunny and tighten everything in to a 9 ema, with a 36 day backup. In addition, the pump and dump mentality in pennies forces gaps up and down and even occasional runs.
If you look at pennies like a big stock, but at a much faster pace and are geared for it, then you have a great chance, but it is the day by day charts with pennies, you will have a pretty good indicator.
Penny stocks are mysterious to many people, because they are too micro. But always look at the year, the six month, the 3 month, the one month, the two week, the one week and the intraday to see where things are going.
If you are too close, you will only see a tree instead of the forest and a guy could miss the whole big beautiful picture.
That is true with any stock.
I tell you what, I did not realize it last night but, those CBO numbers I posted last night are huge!! If you missed them here it is again.
http://cboblog.cbo.gov/?p=328
Emperor berry has no clothes Bill!!!!This is good news, I hope I have called this one right.
Anyway, EGLE had a good week, RAMS fell below .70 briefly today, I would hold off until the lower .60's. Just my guess-ta-mets, do your DD as always!!
SRS held up strong today, did not get my roller coaster ride this time.
With the CBO coming out with the data, I am thinking of looking into the private health care stocks and those related companies. If anyone has any ideas on where to start, please post!!!
Pennies are preferred!!!
I know I am forgetting something, if I remember, I will post it later, have good weekend guys!!!!
To Dave and Sean:
That game is a true sensation. Shots brought it up and I have a ball with it. If you stop at each day, and look up the candle, it will just be a matter of time before it is second nature as to how the stock will perform the next day. There is certainly no hard and fast rule for success, but it puts odds on your side.
I typically spend about a minute or less looking at a chart, because I have learned them that well. But when I dig deeper, it can take 30 minutes to an hour to really form an opinion with detail.
Charts are fun and informative, because they include everything about the company. They include all of the relevant information about a company's earnings, new products, management and so on. It is all incorporated into the price of the stock.
Good thinking, Jim.I tell you what, I did not realize it last night but, those CBO numbers I posted last night are huge!! If you missed them here it is again.
http://cboblog.cbo.gov/?p=328
Emperor berry has no clothes Bill!!!!
Anyway, EGLE had a good week, RAMS fell below .70 briefly today, I would hold off until the lower .60's. Just my guess-ta-mets, do your DD as always!!
SRS held up strong today, did not get my roller coaster ride this time.
With the CBO coming out with the data, I am thinking of looking into the private health care stocks and those related companies. If anyone has any ideas on where to start, please post!!!
Pennies are preferred!!!
I know I am forgetting something, if I remember, I will post it later, have good weekend guys!!!!
Private health care stocks. I see them all of the time on T.V., but I would imagine that are a little splinter of a gigantic corporation.
I am going to stay out of politics in this thread, but the support certainly isn't there.
I will check you in the politics thread.
The private health care stocks is an interesting proposition.
You have your thinking cap on tonight!
Yeah, I know, keep the politics out of it but, its impossible to do right now, it affects us traders and you know.
I almost forgot, looks like they are trying to ram this health care through, so be careful and watch it closely.
There will be a trade to be made on whatever side we land on, so look at both sides, and line up your ducks to shoot!! Have a good one Bill!! Talk to ya later!!!
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