Received 6 Karmas
WizeFool
WizeFool Apr 17, 17 10:58 PM

Just wanted to say thank you very much :)

Miracle
Miracle Apr 18, 17 9:24 AM

This is great, thanks for sharing this.

WizeFool
WizeFool May 03, 17 8:10 PM

I've finally had the time to do this and really sit and read your post. I thank you again and humbly bow haha, you seem to be in an entirely different skill set than I, although I totally agree with the level of detail you are wanting! Thanks again

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Palmer
Palmer Sep 01, 15 7:55 PM

If you can use the ThinkOrSwim platform you can see if the shares are ETB, HTB, or NTB. There are stocks to short that are in play but not very many. There are more shares to short for stocks in the $10 too $15 range versus those below $10. Every once in a while you can find those $5 range tickers to short.

Palmer
Palmer Sep 01, 15 7:56 PM

I'm close to opening a secondary account with IB and only use their WebTrader to trade from and use TOS for charts, scan, and custom watchlists. IB has more tickers to short if you can open an account with them,

conciouswarrior
conciouswarrior Sep 01, 15 11:23 PM

I like the sink or swim platform...there's a lot of great options for charting and stock "scanning", so I'll keep them and open a secondary account with another broker. Tim thanks for the link it was helpful...I'm used to forex trading where buying or shorting is not an issue, since there's so much liquidity. Anyone have experience with Merrill Edge? Since I already have a BOA account I'll check with them tomorrow.

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Received 4 Karmas
Raidon
1
Raidon Sep 01, 15 7:11 PM

3330 shares, on how big of a account? Don't use too big amount at a time. Maybe a 10-20% max. You was too emotional in my opinion, sure it's hard not to be, it's our money it's about. Set lower/upper limits, i had a 20 cent limit downside on $FORD. Holding overnight now tho. And upside i've got 30-60 cent limit to get out on. Even tho it's gonna climb more, it's better to lock in profit. Same on downside. Always better to take a small loss than a huge risk. GJ THO, :)

icebrian
icebrian Sep 01, 15 7:43 PM

Thanks for the feedback guys! I agree I was probably way too emotional. Need to get that under control. Thanks!

akalur1892
1
akalur1892 Sep 01, 15 8:44 PM

Although the reasons you gave for holding on was valid, this stock could have turned ugly on you. Also since you had taken quite a large position, if you felt you were right you should have downsized your position say by 1000 shares. This would have meant you could have reentered the next day( if your thesis still prevailed). Overall it worked out for your good, but lets say it was a lucky escape.

Ike
1
Ike Sep 02, 15 1:18 AM

You may want to size down for a while and learn how to take a loss like a man. Don't be a bagholder, especially not with penny stocks. That is very dangerous. But hey, I am glad it worked out for you this time...nice profit!

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Received 8 Karmas
GermanMike
GermanMike Aug 27, 15 9:47 PM

nice, i will start soon, just make my research, and yes Tim's chat room help's a lot, congrats to you

dashing
dashing Aug 27, 15 11:38 PM

awesome! way to go!

ejissick
ejissick Aug 29, 15 4:55 PM

happy for you man! looking to make my first trade this upcoming month of september.

Deanomite
Deanomite Sep 07, 15 12:31 PM

Add me to FB. Deano Mite is the name

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