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Stocks For Beer Trading (Chat) Room Information and Special Offers
Forget hopping around websites looking for ideas. You've found a great forum here. Now you will have the benefit of being able to talk live with other traders about happenings in the market, get trade ideas, and share your own trade ideas right here at the OTF.
Many of the SFB Chat Room members found my website from this forum, so what better way to make it easier on everyone than to just have it right here.
Along with the move comes a new name: "Stocks For Beer Trading Room" whereby a link can be found in the upper right hand corner for members to get in and talk with everyone.
Interested in becoming a Member? Besides having access to our trading room and speaking with full and part time traders all day; here are some of what you can learn by joining:
Rules of trading a cash account vs. margin account vs. pattern day-trader
Understanding Momentum Trading
Volume & Liquidity vs. Low Float Trading
Swing Trade or Day Trade? What stocks are suitable for each.
General Risk Management Strategies
Beginner's Tips
My favorite chart set-ups
How to scan for stocks on the move
How to do fundamental research on an OTC stock in-depth
Sub-Penny Stocks - Gambling at its best. Keys to finding them early.
Pumps & Dumps - how you can profit; includes a list of legitimate promoters,.
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which software do you prefer?
hello,
so i have been using ameritrade and i what really bugs me about the software is that in order to review my stops and triggers, i have to click off my postion page and click 2 more times to get to the triggers. and when you have 5 or more postions, it can get confusing with all the numbers in your head.
is there a better trading platform? one where preferably, you can see all the info about your position on one line, on the same page.
ie:stock, shares, purchase price, stop trigger, sell trigger of a specified number of shares, gains, etc...
thanks for any suggestions.
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Dave Landry's Market in a Minute - Friday, 5/25/12
Random Thoughts
Rumors of my death have been greatly exaggerated---but thanks for your concern.
I no longer announce business trips to the world. When my house sitter shoots someone,
there?s a mountain of paperwork to fill out.
The short-term trend in the market remains down. In fact, the major indices are now set up
as First Thrust patterns. As you would expect, when the overall market is set up, there are a
plethora of setups in individual issues. I especially like those stocks that have recently
made multi-year highs and, like the market, are also set up as First Thrusts.
Examples here include Chemicals, Leisure, Transports, Retain, and Real Estate to name a few.
SO, look to gain additional exposure to the short side.
Futures are soft pre-market.
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Penny Stock Watchlist 5/25 - Great alerts all day! Bring on Friday and a 3 Day Weeken
GENE - Gorgeous move over 4.20 this morning. A few in chat banked on it. Then Doodman alerted the bounce opp off 5.00 as it went back to 6.00 for another 20%. Now watch for a move back over 6. We'll see if it has another day in it. GNOM a watch too if GENE starts to go again. The sector is just hot thanks to ROSG.
VRML - another sick mover today. Called it early in chat before it ran to 2.70. Might have 3.00 in it in the morning. Will discuss it again in chat based on the price action.
CVO - closed strong after a weird mid-day spike and drop. A few snagged this right after the drop mid 1.60's. Over 1.75 in the morning may take it straight to 2.00.
HUSA - closed strong as well, same idea as CVO in the sense it may get 2.00 if it catches momo.
STNT - just one of those charts getting started. More info for members in this thread.
LIVE - Great looking daily chart setting up. Lower volume, but this former runner with an extremely low float can move. 6.00, 6.50, 7.00 main areas of interest. Gets through all 3, she could take off like the SpaceX. Chat Room Played this back in December, and would love to play it again.
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Psychology behind the support / resistances and trendlines
Why a support and resistance weaken when they have several touches and the trendlines gain strength with every extra touch?
To analyze the support bases let us take a concrete example. A stable company with stable quotes was worth $ 10 when someday the price soar 50%. All investors who were hesitant to purchase up to that point and eventually saw the title go up so quickly got with $ 10 deeply marked in their minds, along with a sense of regret. All investors who bought at $ 10 and gained 50% in one day will record this value in their mind, along with a strong sense of satisfaction. This duality of feelings will make all the difference in a future approach to the price in question, and the stronger the feelings generated, the greater the strength of support / resistance.
The price rose over 100% on the following months, and as result of some profit-taking of investors who had bought on the $ 10 zone (among others), it reached a top and began to regress. After four months it returned to the $ 10 zone. All investors who made money with that rocket rise from $ 10 will remember that value and buy again in the same value. All who were not able to get in at the first time will look at this value and associate it with the lost opportunity. And on either side will appear purchase orders on that value, creating the base of a support. When the price goes down to that level, the various purchase orders will make it back up. And if inertia or the selling pressure brings back prices to the support zone, once again the price will be repelled.
But if selling pressure is maintained and the area of $ 10 is tested several times without a significant reaction to feed the euphoria, the purchase orders for those who wait anxiously for a new dazzling ascent will eventually run out, breaking down the support. This is the reason why a support gets weaker every time that is tested. Every touch represents a cleaning among investors eager to buy, weakening the structure behind the support.
And exactly the same applies to the resistance areas, but in reverse ? When considerable losses happen, this will lead to conditioned behavior in the area where they took place, causing selling pressure, and so forth.
Without exploring this factor too deep, a support / resistance will be more or less powerful if the breakage occurred with more or less volume. The larger the volume, (usually) the greater the number of investors involved, which leads to a greater number of people trying to buy / sell when the prices reach a certain value.
As regards the trendlines, they do not work in the same way. These lines are, as its name implies, trend indicators, which tend to follow the exponential growth of a stock over time. Their origin is still unclear and there isn?t any consensual explanation to their linear evolution over months and, in some cases, years.
In my opinion, the development for "self-fulfilling prophecy" should not be set aside.
When someone makes an entry based on a trendline probably does so because he saw in a chart that there was a reaction to that line. As certain moving averages, which are historically seen as trend references, trendlines also work better in markets where a greater proportion of investors are based on technical indicators to make their decisions.
Each time a trendline is detected, the more investors look to her as a future reference. Not only as a trend reference but also as an entry/exit reference. And as a trendline gains consistency after one more touch, more investors have the opportunity to discover it, increasing the number of people who will be waiting for their development and thus also increasing the number of new orders available when an approximation is coming.
To be a considerable trendline, it must also be minimally obvious. If we have to draw it with too much art and gymnastics, and it is only perceived by those who designed it, the entire mechanism will be compromised.
It seems to me extremely important that everybody understand what?s behind the major technical indicators. It is this understanding of the market and of its "signs and symptoms" that will allow us to adjust orders and movements to the changing economic and financial reality in which we deal.
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Intel (INTC) - Quick Takes Pro Chart of the Day
May 24, 2012 - Intel (INTC)
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Barchart.com's Chart of the Day - Toll Brothers (TOL)
The "Chart of the Day" is Toll Brothers (TOL), which showed up on Wednesday's Barchart "52-week High" list. Toll Brothers on Wednesday posted a new 5-year high of $28.08 and closed +2.66%. TrendSpotter has been long since April 27 at $25.56. Toll Brothers was boosted on Wednesday by a stronger-than-expected U.S. April new homes sales report of +3.3% to 343,000, which was stronger than expectations of +2.1% to 335,000, and by the 1.8% increase in the U.S. FHFA home price index, which suggested demand is firming for U.S. housing. Toll Brothers on Wednesday reported Q2 EPS of 10 cents, which was better than the consensus of 4 cents. The company said the spring selling season has been the most robust since the downturn began. Toll Brothers, with a market cap of $4.4 billion, builds single-family homes in middle and high income residential communities in thirteen states and five regions around the country.
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How to Boost Your Returns With ONE Secret ETF Strategy
"How to Boost Your Returns With ONE Secret ETF Strategy"
Free Webinar Recorded on Tuesday, December 3rd at 8:00 PM EST (New York Time)
In this free online class John Carter will share with you:
A Powerful Simple Strategy for Trading Options on ETFs
The SAFE Levels to Take Risk
The Very Best ETFs to use
Which ETFs You Have to Avoid Like the Plague
And much more...
Don't miss this free trading education from a real pro!
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There are 9 reasons why you SHOULD trade options on ETFs... and they're in this video
There are 9 reasons why you SHOULD trade options on ETFs...and they're in this video...
9 Reasons to trade Options on ETFs
You'll learn from John Carter...
Why ETFs are his BEST Instrument for Options Trading
How he wires 34k from his Trading, to his Personal Account
Why ETF Options are untouchable by Market Makers
And a LOT more...
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Video shows legendary 223k profit day in the market
Proof that 'account size doesn't matter' is often very hard to find. People say it doesn't matter...but can't prove it.
This video PROVES it
Legendary trader John Carter had a pretty good day recently... where he recorded live his 223k trading day! This was recorded in his REAL money accounts...
97k on Apple
93k on Google
104k on Priceline