great post!

I love being organized but it seems like you are being too organized with the decisions you're going to make. I used to be like this but after watching Tim Grittani's Trading Tickers, I learned how to really read the level 2 and price action. I really recommend you watch it.

You have to let the price action tell you what to do, not pre plan a trade the night before.

@ara_vardanyan I don't trade like him and i'm not a day trader so this is normal. I'm a swing trader.

Definetly doesn't look like it will go near 1. I would sell it around 0.44 if I were you as it has former resistance there. Whoever said that it's going to 6, don't trust them any more. Very unlikely.

Also you got in at a good spot at 0.31 however, just take your 10-15 cent profit. Don't hold and hope for it to go outrageously high without a good catalyst. You should definetely look into getting How To Make Millions as you seem very confused.

Thanks Palmer, keep up the good work.

annnnnnd....my fishing trip got called off so...here we go...

Just started following you. This is another great post!

Thanks Palmer...i always learn so much from u : )

good stuff!

Do you use TOS's Prophet function at all? Found a bunch of breakout studies which seem to do a really good job predicting resistance and movement and I'm wondering how much use this can be for predicting when a spike is coming to an end or next day directionality.

@dbryant85 i've looked into it but could never really get the results per the scan for the penny stocks (sub $10) with the right volume.

id' be willing to use it if i could get it to return enough results

Thinkorswim is basically the only decent one. However, there is a 20 minute delay. I would recommend trying to use a computer