Category: Trades

Trade recap for 10/29/2009 and a trade recorded on video

Horrid day where I messed up every trade. There is something to be said for only losing $88 despite trading horribly. During my video trade recap I bought a stock as the market was closing. While I messed up my trade of GETA, everyone else in the Investors Underground stock chat who played it made lots of money … if you use my link to sign up (and enter “reaper” as your promo code) you can save 10% per month or 15% per quarter.


BOT    2,000    GETA    false    Stock (OTCBB)    0.14    USD    ARCAEDGE    09:11:23        1.40
SLD    2,000    GETA    false    Stock (OTCBB)    0.122    USD    SMART    09:31:51        1.22
BOT    2,000    CTDC    false    Stock (SCM)    4.30    USD    SMART    09:32:05        10.00
+    SLD    2,000    CTDC    false    Stock (SCM)    4.190    USD    SMART    09:34:17        10.00
+    BOT    1,000    TSFG    false    Stock (NMS)    .910    USD    ARCA    13:32:50        5.00
+    SLD    1,000    TSFG    false    Stock (NMS)    .900    USD    SMART    13:33:55        4.86
+    BOT    1,000    DDRX    false    Stock (SCM)    26.010    USD    SMART    15:10:19        5.00
+    SLD    1,000    DDRX    false    Stock (SCM)    26.230    USD    SMART    15:11:15        5.00
BOT    2,000    TNUS    false    Stock (OTCBB)    0.9500    USD    ARCAEDGE    16:00:34        9.50

Daily profit: ($88.48)

Disclosure: Long 2000 shares of TNUS. I have a disclosure policy and you can find all my disclaimers there as well; those disclosure & disclaimers are incorporated by reference into this post.

Trade recap for 10/28: Banking on AMLM despite messing up

The pumped stock AMLM decided today would be a good day to die. Luckily IB had 30,000 shares to short this morning so I hopped on board that train right after the market opened. It was a no-brainer to short as it had broken support yesterday and it was gapping down today. By the way, COMV short on red was a great call from my watchlist although I was distracted by AMLM and did not play it.

amlm

+    SLD    2,000    AMLM    false    Stock (OTCBB)    2.000    USD    SMART    09:30:13        10.00
+    SLD    2,000    AMLM    false    Stock (OTCBB)    1.990    USD    SMART    09:30:34        10.00
+    SLD    1,385    AMLM    false    Stock (OTCBB)    1.990    USD    SMART    09:30:39        6.92
+    SLD    2,500    AMLM    false    Stock (OTCBB)    1.990    USD    ARCAEDGE    09:30:51        12.50
+    BOT    885    AMLM    false    Stock (OTCBB)    1.910    USD    ARCAEDGE    09:33:51        4.42
+    BOT    3,000    AMLM    false    Stock (OTCBB)    1.920    USD    ARCAEDGE    09:34:43        15.00
+    BOT    1,500    AMLM    false    Stock (OTCBB)    1.920    USD    ARCAEDGE    09:35:01        7.50
BOT    500    AMLM    false    Stock (OTCBB)    1.5700    USD    ARCAEDGE    10:02:25        2.50
BOT    1,000    AMLM    false    Stock (OTCBB)    1.5200    USD    ARCAEDGE    10:07:47        5.00
BOT    500    AMLM    false    Stock (OTCBB)    1.5400    USD    ARCAEDGE    10:13:54        2.50
BOT    500    AMLM    false    Stock (OTCBB)    1.5600    USD    ARCAEDGE    10:14:22        2.50
SLD    1,000    CTDC    false    Stock (SCM)    4.28    USD    SMART    12:16:15        5.00
+    BOT    1,000    CTDC    false    Stock (SCM)    4.320    USD    SMART    12:17:32        5.00
BOT    300    NPBC    false    Stock (NMS)    6.39    USD    ISLAND    13:59:04        1.50
+    SLD    300    NPBC    false    Stock (NMS)    6.360    USD    SMART    13:59:41        1.50
BOT    1,000    AMLM    false    Stock (OTCBB)    1.4300    USD    ARCAEDGE    15:26:53        5.00
+    SLD    1,000    AMLM    false    Stock (OTCBB)    1.420    USD    ARCAEDGE    15:53:30        5.00

Daily profit: $1364.95

Disclosure: No positions in any stocks mentioned in this post. I have a disclosure policy and you can find all my disclaimers there as well; those disclosure & disclaimers are incorporated by reference into this post.

My review of Tim Sykes' DVD TimTactics: Buy his other DVDs instead

If you have considered or will consider buying Timothy Sykes’ DVD TimTactics, I have some simple advice: do not buy it. I say this not because I think it is a horrible DVD, but because Tim has covered much of the information in his other DVDs. I do recommend Sykes’ DVD Pennystocking Part Deux and I thought TimRaw was pretty nice (full reviews to come later; I need to re-watch them), but despite this DVD including so-called ‘advanced trading tactics’ I found little in this DVD that was not also in those other DVDs.  The advanced tactics that were only in this DVD were not particularly hard to figure out and I have learned most of them in one year of full-time day-trading. Also, if you are the patient sort, Sykes’ DVD TimFundamentals 2 will be coming out soon; it was recorded during his 2009 seminar in Las Vegas (which I attended) and I think that was an excellent seminar. TimFundamentals 2 plus Pennystocking Part Deux would give you 97% of the information available on DVD about Tim Sykes’ strategy (the seminar would be sufficient to learn his strategy, but Pennystocking Part Deux’s intra-day charts are invaluable).

Following is my full review:

Informational content: 2 of 5 stars. TimTactics is billed as advanced trading tactics, so I was hoping for strategies above and beyond what he showed in his other DVDs. For example, it would have been nice to see how he reads level 2 or time and sales. He did not show that. Also, any student of his who watches Livestock religiously and has followed his blog (TimAlerts or just his free blog) for a year or more likely will have learned many of his ‘advanced’ tactics, such as how the overall market affects penny stocks. This brings me to some advice that I have said and written multiple times: if you are cheap and are willing to invest a lot of time you can learn Sykes’ strategy without buying his DVDs. Of course, buying one of the better DVDs is useful and will save on time and help to speed up learning. And if that helps you to make more profitable trades sooner, it can easily be worth the investment.

A few tactics he had that he has not mentioned before were things I had heard from other traders or figured out myself, such as how to get faster OTC BB executions. Other than the tactic for faster OTC BB executions, the only tactic I had not heard from Tim before (or learned elsewhere in the last year that I have been a day-trader) was his strategy for trading after-hours or in pre-market trading.

Production quality: 2 of 5 stars. The resolution of the video is barely acceptable. All the video was screencast from Sykes’ laptop, and it started life as a webcast. However, there is no excuse for not recording and saving the full screen resolution without much compression rather than packaging the low-quality webcast video on DVDs. Likewise with the sound, it is far inferior to the sound quality on my daily trade recaps hosted by Youtube. Towards the end of the last DVD for a few minutes you can here someone else making noise besides Tim. While the production quality is not good, Tim is easily comprehensible and the viewer can still see everything important in the video, so if you are still interested in this video, do not let the production quality stop you.

Disclosure: I received TimTactics for ‘free’ for signing up to Sykes’ October 2009 seminar in Las Vegas. I have a disclosure policy that provides more details on other Sykes products and services I have purchased and my relationship with him. I have purchased other DVDs of his and I am a TimAlerts lifetime member;  I have now made over $93,000 trading using his methods since June 2008. I am an affiliate of Tim Sykes and make money when people buy his stuff through my links.

Trade recap for 10/27: A plethora of errors part 476

Perhaps every one of my trade recaps should have the subtitle “A plethora of errors.” Oyvey. The worst trade was the one I missed: shorting BHWX, a Beacon pump today. Pumped stocks if they do not go up in response to the pump will often drop quickly as aggressive sellers try to sell as many shares as they can. I could have had an easy 10% on shorting BHWX after it failed to jump despite decent volume following the pump.

+    SLD    1,000    SKTO    false    Stock    .907    USD    SMART    09:38:56        4.54
BOT    5,000    GNPG    false    Stock (OTCBB)    0.1090    USD    ARCAEDGE    09:47:05        2.72
SLD    5,000    GNPG    false    Stock (OTCBB)    0.1101    USD    ARCAEDGE    09:58:00        2.75
+    BOT    400    EVVV    false    Stock (NMS)    12.910    USD    SMART    09:59:32        2.00
+    SLD    400    EVVV    false    Stock (NMS)    12.750    USD    SMART    10:02:46        2.00
+    BOT    600    MVIS    false    Stock (NMS)    4.500    USD    ARCA    10:08:09        3.00
+    SLD    600    MVIS    false    Stock (NMS)    4.480    USD    SMART    10:09:26        3.00
+    BOT    400    EVVV    false    Stock (NMS)    13.100    USD    SMART    10:25:23        2.00
+    SLD    400    EVVV    false    Stock (NMS)    13.125    USD    SMART    10:30:13        2.00
+    BOT    1,000    SKTO    false    Stock    .840    USD    SMART    10:58:31        4.20
BOT    10,000    IARO    false    Stock (OTCBB)    0.0511    USD    ARCAEDGE    13:25:29        2.56
SLD    10,000    IARO    false    Stock (OTCBB)    0.0450    USD    ARCAEDGE    13:31:21        2.25
+    BOT    300    MTXX    false    Stock (NMS)    5.130    USD    SMART    14:15:38        1.50
SLD    300    MTXX    false    Stock (NMS)    5.08    USD    ISLAND    14:21:22        1.50
BOT    1,000    NXTH    false    Stock (OTCBB)    1.8200    USD    SMART    14:34:37        5.00
SLD    1,000    NXTH    false    Stock (OTCBB)    1.8600    USD    ARCAEDGE    14:37:01        5.00
BOT    1,000    NXTH    false    Stock (OTCBB)    1.8200    USD    ARCAEDGE    14:39:48        5.00
+    SLD    1,000    NXTH    false    Stock (OTCBB)    1.860    USD    ARCAEDGE    14:41:20        5.00
BOT    1,000    NXTH    false    Stock (OTCBB)    1.5900    USD    ARCAEDGE    15:10:11        5.00
SLD    1,000    NXTH    false    Stock (OTCBB)    1.6500    USD    ARCAEDGE    15:26:58        5.00

Daily profit: $4.65

Disclosure: No positions in any stocks mentioned in this post. I have a disclosure policy and you can find all my disclaimers there as well; those disclosure & disclaimers are incorporated by reference into this post.

Trade recap for Mole Day!

Have you celebrated Mole Day today? If not, drink a toast to Avogadro at 6:02:21pm. Not any exciting trades today. See the video for some unusual trade analytics (such as a profit margin moving average graph) I conducted on my pre-leader long trades (my profit on which just breached $1,000!).

Daily profit: $137.14

Weekly profit: $1571.43

Disclosure: No positions in any stocks mentioned in this post. I have a disclosure policy.

Trade recap: A swing and a miss

Just as I previewed in my watchlist last night, I shorted 5,000 shares of OPTT on red (I alerted this trade via Twitter too). I got whipsawed out and then chickened out after re-shorting. Tough loss.

optt

Daily profit: ($1678.00)

Disclosure: No positions. I have a disclosure policy.

How to trade the upcoming Doubling Stocks pump & dump

Doubling Stocks (along with a number of other stock promoters) pulled off one of the best pump & dumps of the year back in May by pumping UOMO Media Inc. (OTC: UOMO). The pump sent the stock from $0.35 to $1.00 in one day. I was too afraid to make money buying it (I actually bought it in the pre-market on the pump day but sold right after the open … a few minutes later it rose like a rocket), but I did make some money short selling it. All told, I made over $1,100 on it.

Of course, by being unethical losers, Michael Cohen and crew at Doubling Stocks made far more than that. They received only a measly $50,000 from a third party to pump the stock, but they bought 400,000 shares prior to the pump that they then sold into the pump. Tim Sykes had a good post on the pump where he copied the full disclaimer. A very conservative estimate of Doubling Stocks’ trading profit would be $140,000, if they bought at $0.35 and sold at $0.70. A more likely average buy price would be $0.25 as they probably bought over a week or two prior to the pump, with an average sell price right near the top of the pump at $0.90. If that was the case, then they made about $260,000.

uomo

Michael Cohen of Doubling stocks has been sending out emails about his forthcoming pump, which will come on October 30. Here is his description of his previous pump:

About 5 months ago, before
my last stock pick I said:

“If this stock doesn’t triple
within 48 hours I’ll RETIRE
as a stock picker”

What happened?

The stock rocketed from $0.35
to $1.06 in under 48 hours!

But this time he writes that the stock will take a lot longer to rise:

However, this time… I believe my
new pick will steadily climb to
its peak over a span of 14 to 21
days.

What does that mean? Of course, I cannot know for certain, but I bet that means that he is going to gradually sell his holdings into the pump to make sure that it rises slowly. Or, he could be getting paid a lot of money for the pump and whomever is paying him is planning on dumping a huge number of shares into the market, keeping the stock from rising much. If he gets paid enough money for this pump he won’t care if the stock goes up or not. He’ll be happy to screw his followers, because he can always build another pump and dump site. Such is what happened to StockPreacher last summer. No matter what, the risk of going long a pump such as this is high and I will likely not look to buy it. I will, however, look to short it aggressively, something I did not do last time.

Disclosure: No positions. I have a disclosure policy.

Trade recap for October 5th: Yawn

I know I’ve been getting a ton of comments on each post throughout the trading day most days as readers discuss stocks. Would anyone be interested in me hosting a chat on this website? The likely program would be Parachat (used by InvestorsUnderground and TimAlerts). I would charge $9.99/month to cover the cost of hosting the chat and to compensate me for moderating and contributing to it. Please leave a comment with your thoughts.

I sold EPGL at $0.002 after making the above video.

Daily profit: ($99.00)

Disclosure: No positions. I have a disclosure policy.