A Million Dollar Pennystocking Journey
As an addition to my regular posts on watchlists, trades and various other stuff, I decided to start making reviews of my trading week in order to do a summary of the events and lessons learned throughout the trading week.
Following my loss with $AMLH on the 5th, I got back into trading and ended up taking another loss, though I don’t consider this to be a mistake and my exit was in order to cut losses due to the of the market at the time of exit.
Here is the intraday chart for this play:
I entered this position following a Tim Alert which reinforced my conviction in the possible movement of this stock given that I … Continue Reading...
I won’t go over the details of $AMLH, as I covered this in Here in full depth.
Here’s a quick review of the rest:
I have been watching $AMLH since the promotion started, unfortunately the stock didn’t behave as I expected and I ended up taking a $179 Loss.
Here is the intraday for this play:
And here is the 1-Day chart for the stock
The stock promotion led by Elite Penny Stocks started on the 20th of January after a big announcement the week before that they would release their next pick (Illustrated by the orange arrow on the daily chart). … Continue Reading...
What a rushing day the 4th has been. Contrary to what I was expecting, $AMLH didn’t start tanking and the promotion did not end yesterday; in fact, promotional emails were strategically sent out twice to pump this stock. There’s a Seeking Alpha article explaining in detail how bad it is. I was about $70 down most of the day and late in the afternoon, our dear promoters could be seen on the L2 artificially … Continue Reading...
After a full dry month, I finally entered a trade on $AMLH. This stock is a paid promo by StockTips, a group of promoters that manages to give some traction to their promoted stocks; we are now around the end of the 2nd week of the promo, which is usually they push these worthless stocks. This is a currently open position that I am holding over night and possibly for the next couple of days depending … Continue Reading...
Having been out of trading for the last couple of weeks dur to some relatives vising, I’m getting right back to it. This additional 2 week break has given me the chance to catch up with watching the DVDs, more specifically, I just finished Pennystocking Framework. Very good conference DVD; I most enjoyed LX21 presentation, who does a great job at explaining the mindset required for this type of trading and how to become successful.
Over the month of … Continue Reading...