Saturday, June 14, 2008

Chat Room Guide and Acronyms

Hi all!

Please read our chat room guidelines below. With an average of 130 members in chat daily, failure to adhere to the rules may result in a ban from the chatroom.
  1. If you want to actively chat/participate in the room please take the time to READ the Blog. Most all of your questions are already explained there more than once. Use the search box on the blog as it does work pretty good. Also I have added more links to the Important Posts on the sidebar.
  2. The room is for alerts of hot momo (momentum, stocks on the move) low priced stocks. Specifically stocks UNDER $20. Large cap stocks such as AAPL, RIMM, GOOG etc. are considered Off Topic in this chat. Low priced stocks are our niche, please respect that. Additionally, options are OT also.
  3. The moderators are under no obligation to tell you when or if they bought/sold or at what price. We may or may not have bought before the alert. You must decide on your own whether or not to initiate a position. You gotta understand, you are not paying us and we are not offering advice.
  4. Please don't ask a moderator to analyze your charts/stocks/trades during trading hours.
  5. From 9:00 am to 4:00 pm ET, limit off topic chat. Most people in the chat work full time. If the alerts are buried in a long OT discussion, it’s very hard to see the real alerts. Extended OT discussions about brokers, pattern day trading, general market conditions etc. can be done through private messaging or discuss it after hours in the chat room. In other words, take it OFF LINE.
  6. Use all CAPS for stock symbols and give a brief reason for your alert. Same reason as above, makes it easier to see the alerts for people that work.
  7. Refrain from asking the same questions time and again through the day. The mods and active traders are pretty busy trading, watching, and posting. If the question has already been asked and answered, write down the answer.
  8. Trade well and have fun!
Acronyms etc.

Off the top of my head list for the newbies visiting the chat room and blog. Everyone, please feel free to add a comment for any others not on this list!

  • HOD- high of day
  • LOD- low of day
  • EOD- end of day
  • O/N- overnight
  • 52s- new 52 week high
  • Green- price is above prior day closing price
  • Red- price is below prior day close
  • "Green to red" - (vice versa red to green) means stock was above prior day's close, but now has dropped below
  • ADR -average day range over a certain period number of days, i.e. ADR(30), the higher the number, the more volatile
  • D/R or dayranger- see above
  • UBB- Upper Bollinger Band
  • LBB -Lower Bollinger Band
  • DD- Due diligence, do your homework on the stock, news, earnings, fundamentals etc.
  • E/R- Earnings Report
  • Pre- Pre-market trades
  • AH- After Hours trades
  • Low float -usually small cap companies with fewer shares issued and a lot of those shares owned by insiders or institutions. Hence lower number of shares actively traded. That increases volatility and potential for short squeeze or drop/rise on E/R or news.
  • R/R- Risk/reward
  • 10/60 cross- See post on sidebar under important posts.
  • Muddy zone-Search blog for that phrase, on daily chart is area between the EMA 10/SMA 30 (or 20)
  • Jiggy- phrase coined by Muddy a couple years ago. Refers to watching the Scottrade quote box. When a stock is gearing up for a possible big move the bid/ask size, bid/ask exchanges, and the prices all start to change very rapidly as orders are increasing tremendously.
Everyone, do some homework here on the blog. Tons of good info.

3 comments:

Gator said...

Thanks all for the good work. Hopefully i'll put these for good use

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