Good afternoon All you great traders out there in the "Profitly Sea"!! 

Yes you!... YOU are a great trader or at least have the potential/makings of being a great trader.  I just want to encourage you to keep up your hard work studying the past on STT or whatever platform you use to trade.  Tim knows what he's saying when he says to study the past.  I also encourage you to 'zero in on' listening to the dvds, video lessons, and the AWESOME webinars especially on the stories of Mariana, Matt, Jack, and Kyle...since they are the most recent- you can always work your way back to learn about the other traders...or however you'd like.  But since the market is how its been and where it is now...its good to learn from the current millionaire students this current market has propelled forward.  There is such a wealth of information that I continue to learn from all the resources on Profitly.

Anyway, Friday was an interesting day to say the least.  With OTCs,  it just seemed slow with not alot of opportunities out there.  However with the OTC scan on STT I was able to tab the tickers that were possibilities for the day...and only possibilities since alot of OTCs are not holding in their highs, whether its their High Of Day or weekly.   I missed out on the initial morning run up on AABB (a potential of .06 per share). Ended up getting distracted looking at other tickers while monitoring initial morning activity.  I would have liked to have chase but really its not recommended since most tickers panic at the open and you just don't when they take a nose dive.  Then of course that dive/panic provides for the dip buy, which I am sometimes terrified to do...considering that there are so many OTCs that keep going down with small bounces along the way down. Im just not to comfortable with dip buys, as I'm finding out that trading in the afternoon is much more comfortable for me. 

Friday afternoon, really provided me with a beautiful first biggest single ever on LNTC.  I was able to make $203 posted on profitly...which you are welcome to come and visit my page:) to see...thank you.  This trade I had to record as 4 trades because of the amount of shares I bought, plus the different sell prices.

I had initially meant to buy only 100,000 shares but ended up with 250,000 by mistake because I had several TD Ameritrade tabs up on one screen that had the ticker I was trading and just duplicated a 100,000 share purchase and then a 50,000.  I didn't realize this until I checked my positions page.  Everything was fine and the price was slowly rising but I was literally shaking, arms, hands, fingers and legs...found it hard to put in orders to sell...but I got it together in a hurry!  It was a thriller moment and I was scared!!! Glad the trade worked out the way it did, but got to get another 2 screens so I don't make this mistake again...it has happened before a couple other times and it doesn't always end up a happy ending.  

Bottom line..."Trade Scared so you are not scared to trade." says Tim Sykes.  Keys to trade tickers:  BIG % GAINERS, HUGE volume, LOW float, News, a spread that is 1-2 pennies.

 

Later on today, I will be posting a watchlist for this coming week.  May you and yours have a wonderful weekend!