Learning the tools of the trade

Over the last week, I have learned some important lessons: I’ve realized that I had not been using the tools at my disposal to efficiently in order to unleash their full potential and improve my trading process. This realization came upon me as I received a delayed breakout alert on $SMSI as an earnings winner … Read more…

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Trade #14 – Ninja0n3 vs $IMRS – $IMRS Wins

“Judge yourself not by the outcome, but by your process” ~ Michael W. Covel, The Complete Turtle Trader I had $IMRS on my Potential Short watchlist for yesterday. In the afternoon the stock started downtrending and I was expecting a panic before close. That didn’t happen and I got out before close on a small spike, … Read more…

Strategy Part I: How I’ve started choosing my stocks

Over the past 4 months, I’ve started learning the ways of penny stocking by joining the Timothy Sykes challenge; I have learned a lot and for the last couple of weeks I’ve been coming to the realization that successful pennystocking traders develop their own ways of researching possible plays, entering/exiting and managing risk. So here … Read more…

Working hard to find my own strategy

As I continue to work on developing my risk management/entry/exit strategy for pennystocking based on the Trend Following ideas, I have been brought to consider some of the main differences between the former and the latter. First of all, is the obvious difference in pace: Trend Following focuses mainly on price variations extending over multiple … Read more…

Some of the things I’ve been learning this week

Over the last couple of weeks I’ve been progressing through Timothy Sykes instructional DVDs; more specifically, “The New Rules of Pennystocking” which covers his 2010 Las Vegas conference. Simultaneously, a friend provided me with a book entitled “The Complete Turtle Trader“, to which I didn’t pay much attention until I realized one of the most … Read more…

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