I’ve been watching Tim’s DVD’s and studying the market for about a year now without making any day trades. I’ve saved $1,500 in an E-Trade account and I’ll be starting my trading career this Monday. I work a full time 60 hour a week job managing one of the top bars in Chicago. This will be a part-time gig for me while I’m still under the PDT Rule. I look to become a full time trader when the time is right and becoming Tim’s top student. All my trades will be verified on Profit.ly so everyone can see my journey on becoming a great trader…or terrible one! I will be posting my watch list daily and hope to hear feedback from you guys. Thanks for reading and here’s my watch list for 8.24.15

HebrewHammer

 

NETE – Right now it’s only .05/share off its low. The upside here with the right catalyst is .17-.45/share. Looking for volume to pick up and a possible delayed morning spike as it’s proven in the past. Paying off debt soon so look for the possible  spike if that news comes out.

 

ACI – Their deadline to restructure their debt is Friday. Lets see if this runner can keep running. If they declare bankruptcy, look to short this however they are looking to facilitate a proposed debt swap. Watch this all week as this is a George Soros billionaire play.

 

MCUR – This is a definite short. Wait for a morning spike and then take it down. Their phase III drug is “far from a cure” for Venous Leg Ulcers hence the tank from 12 to 2 and now back up to the mid 4s. This can drop a $1-2/share.

 

BTU- Another George Soros play but an energy play. This could get back into the 2.5/share range. Could be forming a nice cup and handle pattern on the 3-month chart and plenty of support in the low to mid 1.70’s.

 

MXMG- Been getting a lot of promotion emails for this company as of late. Big volume spike on Friday. This could see 1.50 or more with more emails. If it can’t breakout past 1.50 look to short this pump. Pumpers are saying it’s the next Salesforce.

 

NUGN- This blatant pump is more than a $1/share off its lows and looks like its about to tank. Looks like the bounce is consolidating and volume is fading. Watch this all week.

 

YOD- I’m currently holding a small long term position on this recent earnings winner. I’m waiting on the news that’s looking to announce their deal with Xiaomi. This former spiker can run if this news comes out next week.