stock traders how y'all doing

[ArcheryAddict]

Was kicking arse the last three days with DNR, after being down - let's just say a whole lot - slowly buying more in the lower numbers to get the average down.

I only shoot for $500 profit at a time and get out. Ride the ups and downs instead of the long runs.

[ArcheryAddict]

What is everyone's BASIC strategy....

My "Rules of Thumb" are:

$5-$10 minimum
At least 1Million trades a day
1000 shares at a time (this gives me $10 per penny it moves)
Try to average $250-$500 per week
I just watch PRICE, VOLUME, MACD

AND ABSOLUTELY NO PENNY STOCKS! MADE A LITTLE WITH THEM, BUT BURNED FOR THE MOST PART OVERALL. MY BIGGEST LOSSES WERE WITH THESE.

I just do not know what to look for with penny stocks, others are probably more educated and able to stay even or ahead.....NOT me.

I will go up in prices of stock and buy less if it is a strong company that will stay around (these tend to move in larger chunks of value each week). Potential for profit much greater, just not as much $.

Anyone who actually knows what they are doing and are educated with the stock market and trading see any flaws with any of the above? Any suggestions?

[ArcheryAddict]

What would the interest be with all the TBH crowd to have a get together one weekend somewhere in central Texas - Could base location on all the participants locals to try and be centrally located - to discuss the market, how to read the charts, what to look for, what to watch out for, etc.

I would definitely be interested, I have so much more to learn about it. Just looking to amass some wealth, not get rich.

Once I am better at it, I will be opening a separate account for my son to inherit to cover any taxes on the inheritance so that he would not have to sell everything he gets to cover whatever is there to inherit. I will stay out of it. If he does well for himself and can hold his own, then it will go to his kids education fund. That way it can take some of the burden off of him.

[Catarina]

All I really focus on is penny stocks, I'm pretty new at all of this, as far as buying individual stocks myself. I've really been focusing on energy stocks and stocks who's 52 week high is atleast 5-10x what its current value is.

My best buy was actually Archcoal over the summer, I bought it for around $1 a share and in 6 weeks it went to alittle over $9 a share. Just two days later it was down in the $6range and today its at $0.44 ....... I did very well on that stock and will probably buy more if it increases alittle in price

[RiverRat1]

I use Interactive Brokers. I can buy however many shares I want if someone is selling. I didn't have that many shares...maybe 30k max in any one account. I also use E-trade for my IRA's

If markets dip more keep an eye on these IMO
PGNX - FDA date of April 19th - I'm holding for $6 per share - Looking to buy more shares closer t0 $4
PETX - March 25th date for possible approval of a pet drug. It ran a lot and I sold. But will re-enter if it drops soon to under $4. If it hangs tough above $4.50 I will just watch.
ONTY - Upcoming ASCO in June - Target 1.40-1.60 - I want to buy any dip closer to $1 to play it safe on this one.

Be careful with these as you can't hold past any critical dates. Must sell when you have gains etc.

Update...

PETX - I bought some back on the dip around $4.15 and sold today upon FDA approval at $5.42 It spiked as high as $6.17
PGNX - This one was weak due to VRX tanking and their relationship with VRX. I only own a few shares right now. Will probably buy back more on bio-tech weakness. FDA date is April 19th
ONTY - Sold half at 1.30 and half at 1.48 - Bought at $1.04. Will not re-enter.

BLRX - Just bought in pretty big into BLRX at $1.08 average - Data should be coming out in the next 8-10 days. "Should" be good data. Volume getting higher and finally starting to move up. Fingers crossed it continues up.

ELTP - Hope this will be a big winner over the next 3-4 months. FDA priority review date is set for July 14th. I own some but want to load at least 50k shares over the next 1-2 months. My guess is it runs at some point closer to June to at least 45 cents. Good news could send it up over 60 cents. No rush getting in this one IMO

TTNP - Still watching. IMO they will get approval on May 27th. I don't think it will run much over $5. So waiting to see what markets do and will enter if things look right in a few weeks.

[coachk]

I don't know a thing about it, but if I would have listened to my grandad last month, I'd have more than doubled the $10k I had to invest by now...dangit!!!

[Redraider]

Update...

PETX - I bought some back on the dip around $4.15 and sold today upon FDA approval at $5.42 It spiked as high as $6.17
PGNX - This one was weak due to VRX tanking and their relationship with VRX. I only own a few shares right now. Will probably buy back more on bio-tech weakness. FDA date is April 19th
ONTY - Sold half at 1.30 and half at 1.48 - Bought at $1.04. Will not re-enter.

BLRX - Just bought in pretty big into BLRX at $1.08 average - Data should be coming out in the next 8-10 days. "Should" be good data. Volume getting higher and finally starting to move up. Fingers crossed it continues up.

ELTP - Hope this will be a big winner over the next 3-4 months. FDA priority review date is set for July 14th. I own some but want to load at least 50k shares over the next 1-2 months. My guess is it runs at some point closer to June to at least 45 cents. Good news could send it up over 60 cents. No rush getting in this one IMO

TTNP - Still watching. IMO they will get approval on May 27th. I don't think it will run much over $5. So waiting to see what markets do and will enter if things look right in a few weeks.

I have been following PETX for a bit and bought some in the mid 4s. I also bought some AQXP. TTNP has also been on my watch list but haven't done anything.

[RiverRat1]

Anyone doing good lately?
Any new picks?

Pot stocks are down. Any good ones to start buying?

[garza]

my D.R Horton (DHI) is doing well, so is my Siri (SIRI). My bank stocks aren't doing too good.

[Huntindad]

Anyone doing good lately?
Any new picks?

Pot stocks are down. Any good ones to start buying?

boy...listen to you...you gettin a wild hair ?

[TKK]

agree with above post - anyone who says they successfully can time the market over a long period of time is dreaming. Even the very best economist are constantly wrong.

It is also very easy to make money in a bull market and truthfully has little to do with "picks" - years like 2008 where folks lost 40-50 percent of their retirement will bring people back to reality. Cannot tell you how many people during 2008 downturn "timed" the market by getting out because they panicked and put their money into essentially no return, safe places - if you do the math on how long it takes to recover from a 40% loss when your return is under 1 percent you will realize what you are up against. Folks in 2008 who did not try to time the market and stayed in made a full recovery plus some.

[Redraider]

I've been riding NVDA for about a year now. Bought a few oil and gas stocks last week. I bought NAV and PCTY a while back looking for a breakout but they haven't yet

Sent from my SAMSUNG-SM-G900A using Tapatalk

[aggieman08]

agree with above post - anyone who says they successfully can time the market over a long period of time is dreaming. Even the very best economist are constantly wrong.

It is also very easy to make money in a bull market and truthfully has little to do with "picks" - years like 2008 where folks lost 40-50 percent of their retirement will bring people back to reality. Cannot tell you how many people during 2008 downturn "timed" the market by getting out because they panicked and put their money into essentially no return, safe places - if you do the math on how long it takes to recover from a 40% loss when your return is under 1 percent you will realize what you are up against. Folks in 2008 who did not try to time the market and stayed in made a full recovery plus some.

My advisor had us in cash prior to the crash. We actually made .29% in 2008, had all of our money for the 2009 recovery and made a 50% return with conservative mutual funds....

[RiverRat1]

KMDA - short term pick
PDUFA date is 08/29 (ome month away) They just raised money selling shares at 4.50 today. Trading at $4.40

Approval is 50/50 so I wouldn't hold and see if they get approval or not. But shouldn't be any other bad news so I expect a run to $5-5.30 over the next month prior to FDA decision.

[James]

I'm liking GUSH. Oil has rallied way ahead, GUSH has a lot of catching up to do.