Monthly Archives: November 2015

Watchlist for 11-30-2015 – $AEZS, $CYCC, $EFUT, $VLTC, $HART, $NCTY

Today’s Watchlist

Great bunch of setups today, only problem is a lot of them are gapping down. Plus I’m going to try and avoid the “Shrek” stocks. If we learned anything from $KBIO, one mention on $TWTR or Livestream and shit can get wacky either way real fast.

Today’s List: Full list from Yahoo Finance

Aeterna Zentaris Inc. (AEZS) -NasdaqCM

Probably dead meat based on Shrek’s bash. I won’t chase, but wait for pops.

AEZS

Cyclacel Pharmaceuticals, Inc. (CYCC) -NasdaqCM

Same as $AEZS

CYCC

e-Future Information Technology Inc. (EFUT) -NasdaqCM

Again, see $AEZS and $CYCC 🙂

EFUT

Voltari Corporation (VLTC) -NasdaqCM

I might actually trade this since its not on the “Shrek radar”.

Target: $8 or high $7’s

VLTC

Harvard Apparatus Regenerative Technology, Inc. (HART)

I’ll keep watching, but this probably drops off the list pretty soon. Its hung around for weeks so unless it goes para probably just goes sideways or grinds higher.

Target: Big move up

HART

The9 Limited (NCTY) -NasdaqGS

Closed at the HOD’s watching for a blow off top.

NCTY

Review of Trading Tickers – Chapter 4 – Educational Services and Daily Preparation by @kroyrunner89

If you find this review helpful and are considering purchasing Trading Tickers, please consider purchasing through this affiliate link.

Link to Table of Contents Post

Summary:

Ooooohhh yeah!! Finally getting into the nitty gritty, REALLY enjoyed this chapter. It starts out a little slow going over chat rooms and services Tim uses or has used in the past. Which is useful, but a little boring for me. I know of and use all these same services (well except the promoters). And then there was a middle block of time allowing Tim Sykes and Investors Underground to go over their history and what their products are geared towards. If you are considering subscribing this was a good “infomercial” for those two services.

Intro

Now when I use the term “infomercial” I’m using it in a positive sense. I know this term is often used as a negative. But Tim gives both of them time to describe what they offer and how, but I’m also not an idiot, their goal is to get you to subscribe, but there is NOTHING wrong with that. Both Sykes and IU give very fair and honest descriptions of what they have to offer. If you are considering subscribing to either or both this was a good segment.

Then we get into the daily scans and daily prep. Very solid presentation and very beneficial. Tim does a great job in detailing how he scans and his thought process. This I think could be a great benefit to any new or intermediate trader. I picked up a couple tips but also it really geared up my confidence a little, I did not realize how similar Tim’s and my process’s were. On that note, great quote by Tim:

“Confidence is one of the most important things when trading.” – Tim Gritanni

I will be adding several tips from the last third of this chapter to my scanning and daily routine arsenal. After this first chapter past the “basics” I’m very fired up to see the next few.

Notes:

Chatrooms
     -Sykes
     -IU
     -Promotion Stock Secrets – OTC
Chat rooms are helpful but need to use them as an extra set of eyes, avoid the randomness
     -Don’t follow picks, use them as a screener
Video recaps/lessons are useful
“Use these services to learn NOT to follow”
Sykes Interview
     -History and value of Profit.ly
     -Use picks as instruction not trades to follow
     -Gotta learn to cut losses quickly – never wait to get back to even.
     -There will always be another play, no point in letting losses run
     -Success comes from diligence and treating it as a job consistently
     -Record keeping/tracking is important
InvestorsUnderground – Nate and Cam
     -Trading Community
     -Scans/Chat/Video Lessons/DVD’s
     -Both DVD’s are intended to get traders up to speed on chat
     -New traders want to push buttons instead of learn setups
     -Things to get to the next level
          -consistency
           -prep
          -find niche
          -create your plan and stick to it.
     How to prepare
          -appropriately sized watch list
          -game plan on entry and exit
          -If you are wrong let yourself be wrong
     Trade the ticker not the company
          -stick to YOUR plan not someone elses
     Market is always right
Stock Promotion Emails
      -Promotion market is a little dead now
     -But will probably be back at some point
Twitter
     -Never follow, use it as idea generation/scanner
     -You plan will NEVER be the same as others
     -Some accounts with “flow” large followings can be scalped but risky
Scanners
     -EquityFeed
     -Stockstotrade
     Free
          -thinkorswim
          -finviz
     Compare matches to daily chart
Equityfeed
     -Filter Builder
          -Good rundown of building filter
     -Tim’s scans
          -Big gainers – OTC
               -Price and liquidity
               -$ Volume vs share volume on OTC
               -Number of trades
          -Listed stock scan
               -$2-20
               -% change greater than 15%
               -Liquidity
                    -3mil dollars
                    -3000 trades
How to turn scans into a watchlist
     -daily chart
     -Cool realtime watchlist building
     -Good discussion of shorting plans into Gap ups/gap downs
     -Didnt realize how much similar our “weeding out” process was
Watchlist spreadsheet
     -Good example of note taking
          -Self Sufficiency
Scanner next day into pre market
     -review previous day’swatchlist
Intraday scan
     -same price and % change
     -need to play with volume through the day to keep list manageable
Spreadsheet tracking
“Confidence is one of the most important things when trading.”
     -Know your setups

Non Watchlist for 11-27-2015 – $EFUT, $KBIO, $AEZS, $VLTC, $CANF

Today’s Watchlist

I had already thought about it yesterday, but seeing the crazy moves this morning has sealed the deal for me. I’m not trading today, while I know tons of money will be made on these stocks today, lots will be lost as well. My style is more of “grinder” and not a gambler. Couple times I thought, “Hey I’ll just buy 100 shares of KBIO “for the hell of it”. Then I think “Wait it could drop $10 a share in 10 seconds, am I really willing to risk $1K over some stupid guess.” And the answer is “No”.

I have said it for years on the day after Thanksgiving (of course I’m not the first to say this) but totally random shit happens. And this may be the most random of fucking random Black Fridays of all time with this Shrekli lunatic and KBIO.

I wish you all the best and will be back on Monday to see who is left alive 🙂

Just remember if you are trading $KBIO, this evil little creature is your competition.

CUMxp-7WoAAm1Ky

Thanks to @investorslive for the meme:

Today’s List: Full list from Yahoo Finance

Review of Trading Tickers – Chapter 3 – Basics to My Trading Strategies by @kroyrunner89

If you find this review helpful and are considering purchasing Trading Tickers, please consider purchasing through this affiliate link.

Link to Table of Contents Post

Summary:

chapter3

Another solid chapter on the basics. Good coverage of candles vs line charts, how to gauge support and resistance and risk. The risk management was very useful to me. While I keep my risk very tight I did appreciate Tim’s “method” of sizing. I “kind of” did it already but I for sure learned from his more mathematical approach of lining up support and resistance on the chart with a set dollar amount to risk. Then sizing based on that.

This risk management discussion was worth the hour spent viewing this chapter.

Risk

After that some good lessons on how to use and interpret fundamentals and a TON of content on reading Level 2 for OTC’s. Tim did a good job with the Level2 illustrations, but I’ll admit I got a little bored. I seldom trade OTC’s so it was not terribly useful to me. Plus he reinforced my view that Level2 is “almost” worthless on listed stocks. Since I normally trade listed stocks I don’t follow Level 2 like a hawk. I for sure do watch it, but take it with a grain of salt. Once OTC’s come back in vogue I think I would be more interested in this content.

A solid chapter and my favorite so far, starting to get into more intermediate to advanced topics so there is more value for me. Not trying to constantly repeat, but if you are a new trader, lots and lots of good stuff here.

Notes:

Technical analysis basics
     Candle vs Line charts
          -Basics of how to read candles-
          -Good illustration of lines vs candles
     Basic support and resistance are best, not a bunch of indicators
     Trading decisions off of chart – usually daily
     Support and resistance discussion
          -Channels
Volatility is KEY
     -Volatility and volume vary by day, only trade the volatile and liquid stocks
     -No trade in sideways action
How to judge risk
     -Use chart to guide risk instead of % or dollar amounts
     -Refuses to let money shake him, use chart instead
     -How far from risk are you? Size based on risk.
     -Good discussion on sizing based on risk.
     -Do the math based on risking dollar amount. – I LIKE THIS IDEA
               -risk on chart X max dollar loss
Fundamentals do not matter
     -EXCEPT you need to know earnings dates/calendar events etc
     -Dont trade earnings and news in advance
Trade setups, find via daily chart
     -use daily support and resistance levels to find entries
OTC’s
     -Best to assume they are all scams
     -Level 2 can be useful on OTC’s
     -OTC’s are not as tradable as they used to be.
Listed stocks
     -Sell spikes,buy dips – whether long or short
     -Level 2 not as useful use the chart more
Level 2
     -Basic rundown of a level 2 Montage
     -Times and sales
     -Good discussion of hidden size and soaking.
     -Realtime illustration of an OTC panic on level2
     -Good to watch videos on Level 2
     -Record realtime on OTC’s of panics and spikes
     -Lots of OTC examples
     -Comparison to listed stock – NDRM
     -Level 2 on listed moves so fast.
     -DAS tweaks for L2 for 200 shares

Watchlist for 11-25-2015 – $VLTC, $STRP, $SUNE, $PBMD,

Today’s Watchlist

Going to take it easy today, I’ll only trade prime setups. Plan on taking off at noon, I’d also like to take the time this morning to review another chapter of Tim Grittani’s DVD, Trading Tickers.

Today’s List: Full list from Yahoo Finance

Voltari Corporation (VLTC) -NasdaqCM

Very crowded short and day before thanksgiving, I’d like to short it, but its gotta get real crazy for me to get interested.

Good lesson here, I didnt cover the wash yesterday because I “wanted more” ended up letting it grind back to around even after having a nice profit. BUT I covered according to my plan, what happened a few minutes later, it spiked hard into a “hit piece”. Then the other rule I follow is NEVER HOLD A LOW FLOATER SHORT OVERNIGHT. This one is iron clad, and saved me all kinds of stress.

Looking for this to squeeze out everyone that does not follow that rule and comes in this morning, sees it at $11-12 and pukes onto their laptop.

Target: $11+-$12

VLTC

Straight Path Communications Inc. (STRP) -NYSE MKT

I’m no “buy the bounce” guy, but this is sooo beat down, relatively low float and it’s the day before Thanksgiving. Will watch.

Target: Pullbacks to $8’s

STRP

SunEdison, Inc. (SUNE) -NYSE

Traded this ok in hindsight yesterday. As of yesterday I thought I really botched it, after hours big spike. But its weak today. I’m still long bias though.

Target: Pullbacks to $3.50’s

SUNE

Prima Biomed Ltd. (PBMD) -NasdaqGM

Watching the breakout, but only on volume.

Target: Breakout over $1.40

PBMD

Review of Trading Tickers Chapter 2 Important Beginner Basics by @kroyrunner89

If you find this review helpful and are considering purchasing Trading Tickers, please consider purchasing through this affiliate link.

Link to Table of Contents Post

Summary:

This was a very basic BUT very solid chapter, I’ve been around trading for a while so not sure if I learned anything, but that being said Tim did an awesome job describing all the basics of trading. If you are new to trading, especially Day Trading and all the little intricate details that come along with it, this chapter was great!

I think back to some of the books and DVD’s I started with years ago and feel confident that this much surpassed them when it came to the basics of orders, brokers, how to position size, how to short sell etc.

chapter 2

Notes:

How to read quotes
-Bid and ask
-Discusion of fills and spreads
-Volume
-Y Finance good for news research but not realtime
Trading Hours
-Discussion of after hours trading
-After hours, reminder to use ARCA
Limit and Market Orders
Stop orders

Lingo
-Gap up
-Gap down
-Green/Red
-Red/Green
Volume vs Liquidity
Float
-Low float <10M
-Low float – volatile
Short selling description
-How to locate on DAS and Sterling
-How to find HTB on CP
Mechanics of Short selling
-Taking negative positions etc
-Buy Ins
-Fees
Discussion of getting shorts to work on your time frame. Just because it will go down, will it do it so that you can make it work.

Trading/Computer Setup
-Platform and Screens discussion

Account Building 101
-Funding
-Learning Curve
-What to trade
-Good discussion about working with Commission Fee Structure

Have a realistic learning curve
-Lots of failures along the way

What setups to trade.
-Volatile
-Less trades and setups
-Never follow anyone
How to size

Emotional Struggles
-Discipline
-FOMO
Losses are a fundamental part of trading
Hide P&L

FOMO
-Its better to miss than to lose/chase.
-Develop good habits
Be self aware

Rules/Regulations
-PDT
-$2.50 rule
-SSR

Opening Brokerage accounts
-market data
-live support

How to choose a broker
-Rules
-Platforms
-Scans
-Breakdown of different brokers

Scanning
-Equityfeed
-Stockstotrade
-IB
-TOS
-Finviz
-How to use a scanner

Desktop Apps

Trade plan for 11-24-2015 – $AEZS, $GENE, $WTW, $MCUR, $ABIO

Aeterna Zentaris Inc. (AEZS) -NasdaqCM

Missed this in pre when I got back a little after 8AM felt like it would be a chase.

Pops over $12.

Genetic Technologies Limited (GENE) -NasdaqCM

Try this long if it holds $3.00

Weight Watchers International, Inc. (WTW) -NYSE

Annoyed I’m even adding this to the plan, watching pops to $26.50

Macrocure Ltd. (MCUR) -NasdaqGM

Same as GENE except $2.00 level.

ARCA biopharma, Inc. (ABIO) -NasdaqCM

Latest low float? Needs volume and a hold of $6.00

SunEdison, Inc. (SUNE) -NYSE

Try this long if it holds $3.20’s

Watchlist for 11-24-2015 – $AVXL, $KBIO, $AEZS, $MCUR, $GENE,

Today’s Watchlist

Nothing great to report from yesterday. I need to adapt to the holiday week, shorting is pretty tough on weeks like this. And I knew this, should not have needed all day yesterday to convince me of it. I’m still short bias of course, but going to look to buy some dips on some of this crazy low floaters. And while I was not overly patient with WTW and ZIOP yesterday I’ll have even less patience if a trade doesn’t work pretty quickly.

Today’s List: Full list from Yahoo Finance

Anavex Life Sciences Corp. (AVXL) -NasdaqCM

Short pops into the low $6’s and mid $6’s.

AVXL

KaloBios Pharmaceuticals, Inc. (KBIO) -NasdaqGM

Aeterna Zentaris Inc. (AEZS) -NasdaqCM

Macrocure Ltd. (MCUR) -NasdaqGM

Genetic Technologies Limited (GENE) -NasdaqCM

All of these are low float runners, same idea for all of them. Will look to buy dips or short crazy spikes. But much more long bias on these with the holiday week. They are all junk and will fail, most likely not until next week.

KBIO

AEZS

MCUR

GENE

Trading Tickers – The Long and Short of It by @kroyrunner89 – Chapter 1 review

If you find this review helpful and are considering purchasing Trading Tickers, please consider purchasing through this affiliate link.

Link to Table of Contents Post

Summary:

Pretty simple and basic chapter but that is to be expected. Its the introduction and history which is pretty much obligatory for a book/DVD etc. But I did like it, one of the most interesting nuggets was related to funding accounts. I knew Tim had borrowed money from his parents to open multiple accounts, but I never realized he never actually traded with that money. It was strictly there as a “placeholder” so that he could get over account minimums etc.

Good and quick chapter, Tim did a good job telling his story without dragging it on too long. Tim has a very interesting story, but being honest if you just want to learn “how he trades” you could skip this chapter.

Notes:

Introduction and History

Slow and steady consistency

72% win rate

Scale up with size

No interest in 9-5

Poker and football gambling
-early success

Use fantasy stats (NFL) to trade real games statistics analysis

Found luck was the biggest key in poker and betting.

Finance major but had no interest in “investing”

Early trades were “bets” on true penny stocks

Starting following “picks” on forums/gurus etc

Found Sykes in the early days (2010) how to trade pump and dumps

Joined Sykes service in 2011

Followed videos and trade alerts, just as learning tool, not actual follow on trades.

Used loaned money to open up multiple accounts to allow more trades under PDT
-Only still trades his cash, not the loaned, money, didn’t every realize this, interesting!

Found Investors Underground and used free trials, but could not use it from work.

Sykes taught basic technical analysis, IU taught more how to think like a trader.

Difficult to juggle trading and day job

Big losses in August 2011

Started to look into and learn short selling.

Refunded with summer earnings – one more shot

Got consistent buying promotions ORC breakouts and pump and dumps

Awesome Pennystocks – first big win

Made deal with Parents to trade full time

Feb 2012 merged accounts into Speedtrader

After paying back parents, moved to IB to learn more short selling

Trading Tickers – The Long and Short of It by @kroyrunner89 – Chapter by chapter review – table of contents

If you find this review helpful and are considering purchasing Trading Tickers, please consider purchasing through this affiliate link.

In the tradition of my other chapter by chapter reviews:

Chapter by chapter review of Textbook Trading by @investorslive

Chapter by chapter review of Tandem Trader by @investorslive

I will be reviewing and taking notes on a chapter by chapter basis of Tim Grittani’s trading DVD, Trading Tickers. Depending on the length of the chapters I would like to do at least one per day (Starting today 11/23/2015). Basically I will watch the chapters, and take notes in Evernote, I’ll then post a brief review of each chapter as well as include notes in each post. If you want an idea of what to expect check out the reviews of @investorslive DVD’s linked above.

trading-tickers-copy-624x428

All the posts will then be linked back here so it will be possible to click through each chapter from here.

Disc 1

Chapter 1 – Introduction and History (0:00:00)
Chapter 2 – Important Beginner Basics (0:22:08)
Chapter 3 – Basics to My Trading Strategies (1:36:41)
Chapter 4 – Educational Services and Daily Preparation (2:37:07)

Disc 2

Chapter 5 – Buying New Stock Promotions (0:00:00)
Chapter 6 – Buying OTC Multiday Breakouts (2:41:03)
Chapter 7 – OTC Short Setups (4:44:17)
Chapter 8 – Buying Major Daily Breakouts (6:23:55)

Disc 3

Chapter 9 – Shorting Lower Highs into Spikes (0:00:00)
Chapter 10 – Shorting into Daily Resistance (0:48:47)
Chapter 11 – Shorting Overextended Gap Downs (2:00:19)
Chapter 12 – Shorting into Bounces (3:10:40)

Disc 4 Webinar 1/3

Disc 5 Webinar 2/3

Disc 6 Webinar 3/3