I've had a mental breakthrough!
So I've been struggling lately with discipline and research. I decided that for the last couple days, I would focus on why I should trade these stocks, and not actually trading them. Today, I read one of Timothy Sykes' posts on how to research and buy options. In it, he wrote about looking behind the scenes and doing research on the stock. Finding the reason behind things. So I decided to go to the website he said he looked at. It's called OTCMarkets.com. I looked at it and searched up Pyxis Tankers because I had recently said that PXS spiked on nothing. Turns out, I was wrong!
PXS spiked somewhat when they had some SEC Filings about going into a Securities Purchase Agreement with some other investors. They got $4.8M of funding and put out around 2.8M shares of common stock. They also had some press releases about their earning and other financial deals. It blew my mind that I was so ignorant.
So now, I know what to look for and to do my own research instead of following every stock that I get emailed for. This is just a great Thursday!
*This is a paper trading account
@enigmatj69 Yea there are some on his list that don't move. The thing I've learned from Tim is that you need to learn to be self-sufficient. In other words, be the guy that researches and finds his own stock and alerts others rather than the guy that sees stocks that other people have found and just play those. I'm not saying never use other people's findings, but just make sure you know why you wan't to buy the stock and all of the fundamental reasons behind them. Thanks for the comment!
@mina_cole Here it is! I found it very helpful. https://www.timothysykes.com/blog/my-secret-formula-for-finding-penny-stocks-pre-spike/
yup, and the STT program is awesome but it's kind of price if you'r not profiting yet, i was looking at a video from Tim Bohen and it's bad ass because oracle narrows down the stocks that are moving but again it's expensive if you'r not still profiting, but as soon as i can afford it i will get it, and i highly recommended, it cuts your reaserch time down next to nothing.
@enigmatj69 That's awesome! Thanks for the advice! I am still going to be researching a bit on what to use. Thank you though. I think this communication between traders is very useful!
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