What’s up Profit.ly? I hope everyone had an incredible weekend! I was very busy with work this weekend as I was ubering all night Friday and all day Saturday. Actually drove around a few gang bangers that were all strapped for 4 hours as they made their rounds. Very scary and uncomfortable drive for me but I got a nice payday as it was roughly a $200 fare. Lesson learned to not pick someone up on the south side…my bad lol. Last night was fun as well as we celebrated our best friend’s 30th birthday with lots of vodka. We’re all Russian Jews so vodka flows like water where we come from! Now it’s back to business as usual and working on the market. I hope you really enjoy this video on how I build my watch lists. Hopefully this helps you narrow down your watch list to a few stocks in particular which will give you an edge instead of trading randomly and not necessarily knowing what you’re getting in to. Please feel free to ask me questions if you’ve got them! Have a great rest of you’re night and I’ll see you on twitter tomorrow.
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#Hammertime
TRTC – This was one of my over the weekend holds as I bought in at $0.398 on Thursday as it was attempting to breakout on the day but I got faked out little. Friday it dropped out of the gate but bounced back nicely and held into the weekend. I’m hoping for this to get a nice little pop tomorrow (20-50%) if we can get that breakout above $0.42. Again, we need some more volume here and ideally a catalyst would be nice (DEA rescheduling marijuana). If this starts dropping Monday and cracks the lows from Friday, I’ll look to get out and take a small loss.
CBIS – I bought this on Thursday as well right before the close as it was nearing multi-day support. My goal here is for this to bounce off that $0.018 level and re-test the highs from the end of March. If it fails to hold support, I’ll look to get out for a wash. I can really see this popping on Monday though if the sector as a whole sees a boost.
STDY – This is something that I’ll watch to see first and foremost if we can get more volume. This is a nice chart reversal since the stock IPO’s 2 years ago after getting beat down over that time. This is sort of an earnings winner and also has a drug that just completed its Phase 1 study of 148 patients. They also are presenting at an investor conference the morning of 4/20 and I’m curious to see what the outcome will be and how the PPS will change. Something to watch over the next couple weeks.
LGCY – This has a really nice Friday spiking in the morning and then dipping a little bit in the afternoon but found support. In the late afternoon, this broke out above the day high and ran into the close on some stronger volume. Ideally I would like some more volume here and if we get it, I can see this running to $1.50 or so. That would be the next major resistance level and then there’s some more at $2.
Also on radar: UA, AVXL, VLTC, AQXP, TGD
Do you think that most of these people are really BS posting their profits? Isn't profit.ly verifying their profits, or are they not transparent? WOuld appreciate your feedback as that comment really threw me off just now..
@blaketrade some are some aren't. Trades are only verified when you link it up to your brokerage account and there is a check mark next to the trade. Technically I dont "Verify" my trades on profitly for security reasons but if you follow me on Twitter, I post up to the second entries, exits, thesis etc which is my way of verifying my trades. There are definitely people on here that are full of shit and others who are not but even as a newbie, you should be able to decipher who's legit and who's
@blaketrade full of it.
@PennyCoffer Thanks man much appreciated.Long story short I drove around a few gangbangers that had guns in the car and I was driving them around for 4 hours while they made their drops. I was too scared to really say something so I just drove them around and then finally got them out after 4 hours haha. Pretty scary but I laugh about it now because I made $200 on that fare which was solid!
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