Seminar 5 February 15, 2009

Trading for a Proprietary Firm

This past week at InvestorsUnderground we've been discussing a solution for the pattern day trade rule. InvestorsLive spent some time speaking with the firm this past week discussing what options you as a trader have if under the Pattern Day Trade rule.

Many of you called them this week with many similar questions and we figured it'd be most beneficial to invite them to the chat room to answer Q and A for everyone at once. It will be documented and we'll add a section for it later this week. This is a great opportunity for those stuck under the PDT rule to have the freedom to take a quick loss and move onto a more profitable trade quickly rather than worrying about using up one of the few trades you're given per week.

Join our live chat tonight at 8 EST, and find out more. Free trial here.

VIDEO

Here's a real nice video from Adam explaining/setting up the COMBO scan and a few others,including the Dayrangers scan.
Great job Adam!

http://stackyourcream.blogspot.com/2009/02/how-i-use-stockfetcher.html

COMBO SCAN WEEK OF 2/9 BETWEEN $1 AND $15

VGZ BAA LVS FCH BKI MEG CHRS PMI LEN GFG HIG MPG CRBC ZQK ALD ABK FMD PNX BC FTBK LJPC LCC TWB TSFG SFI ARM CBL MTG COBZ FIG SEH TLB STSA FBN ATHX CBK ALY NFP BEE BNE

Ranked in order of 10-19% runs in the last 100 days,highest to lowest,then cherrypicked the highest consistent ADR30 ADR10 stocks

COMBO SCAN WEEK OF 2/9 UNDER $1

JAVO PMU ICOG ANPI FBR FED CHRS BORL KOG MCGC CORS ALTU EEE LEE ABH ASTM QTM SUF FBC BKUNA OXBO ADVNB VVTV MTSN ACLS MNI

Ranked in order of 10-19% runs in the last 100 days,highest to lowest,then cherrypicked the highest ADR10 stocks

DAYRANGERS WEEK OF 2/9 BETWEEN $1 to $10

ALD FIG MPG FTBK NCX BNE ZLC HBAN FITB TLB SFI STSA CTBK ENTG ACAS GRT TSFG ARM CHRS AXL VCI CBL WBS ABG IRE CRBC RF AIB DRYS ZQK GLG MI BAC BANR LCC CENX ASFI MHO MWA FRGB

Those that ADR10 has increased over ADR30 significantly:

FTBK NCX HBAN FITB STSA CTBK TSFG WBS RF AIB MI MWA FRGB

DAYRANGERS WEEK OF 2/9 UNDER $1

NXTY BANI KV/A CEM CORS ZILA BKUNA IRIX FED OXBO CNB TVL EEE GGP ALTU PGPDQ PBSO ATSG LEE QTM MNI FBC ICOG ADVNB PIR ACLS MCGC GTCB NCT LZB AVII MRVC JRT GTN SUF DCGN KOG MTSN XTNT SYMX

Those that ADR10 has increased over ADR30 significantly:

NXTY BANI KV/A CEM CORS ZILA IRIX OXBO CNB TVL EEE ALTU PGPDQ FBC


The power of the jig keeps on going,(if you've read this blog you know what it is and how to spot it),if you see the chatlogs for Friday,check out the alert on CORS,a high ranking stock from this list,called the jig at .38,it soon took off to hod .59!!

From chat logs HERE

[Fri Feb 06_12:21:54 EST 2009] Muddy CORS kinda jig .38
[Fri Feb 06_12:21:55 EST 2009] WISEGUY CORS pop
[Fri Feb 06_12:21:56 EST 2009] ngweaver CORS big pop
[Fri Feb 06_12:43:43 EST 2009] Muddy CORS nhods
[Fri Feb 06_12:44:16 EST 2009] Muddy CORS big pop .45
[Fri Feb 06_12:44:52 EST 2009] Muddy .48 CORS
[Fri Feb 06_13:00:54 EST 2009] Muddy CORS .50
[Fri Feb 06_13:03:40 EST 2009] Muddy .52
[Fri Feb 06_13:03:55 EST 2009] WISEGUY respect the jig
[Fri Feb 06_13:04:13 EST 2009] Muddy ha,for sure!
[Fri Feb 06_13:05:52 EST 2009] Muddy shew .54 CORS$$$$$$$$$$$$$$$$$$$$$$$$$

ZILA also ranking high had caught my attention as a huge email pump the day before:

[Thu Feb 05_09:56:43 EST 2009] JCastellon from beacon “ZILA Looks like an Absolute Bargain Right Now”
[Thu Feb 05_09:59:30 EST 2009] Muddy ZILA .29 hod
[Thu Feb 05_10:01:49 EST 2009] Muddy ZILA .30
[Thu Feb 05_10:05:16 EST 2009] Muddy ZILA .31
[Thu Feb 05_10:07:21 EST 2009] Muddy ZILA .32,go beacon,haha
[Thu Feb 05_12:12:51 EST 2009] Muddy ZILA csah machine so far .39
[Thu Feb 05_12:13:00 EST 2009] Muddy .40 oops,ha

[Fri Feb 06_09:30:37 EST 2009] Muddy ZILA open .46

Fri Feb 06_09:38:20 EST 2009] Muddy ZILA .60

[Fri Feb 06_09:42:30 EST 2009] Muddy ZILA .69 yehaaaaa

Long story short.. hit .85 cents Friday

DAYRANGERS WEEK OF 2/9 OVER $10

FAS FAZ SCO MTH HIG SRS LNC FOR SLG TBSI AMB GNK MWE BTH PFG PRU TZA TNA ERY SKF STT STI PNC ANR MAC ZION DRE AFL MS CTX WFC AAWW CAL KIM KBH GET BW STLD CEDC COF

Those that ADR10 has increased over ADR30 significantly:

BTH STI ZION AFL AAWW CAL COF

INO TV Trading Seminars

You may have seen the INO trading seminar link at the top of the page here. INO TV is a super resource for trading seminars and education on all types of trading. Daytrading, options, forex, etc.

They have over 500 titles and it's only $99 per year for unlimited access. Great deal imo. Check it out if you're looking for some trading education.

DAYRANGERS WEEK OF 2/2 BETWEEN $1 to $10

APPY MPG ALD NG FIG MEG FTBK GFG BNE ARTC PSTI SFI BEE ZLC SKYT ATHX MTG FAS PNX GRT CHRS AXL ZQK CNO TSFG STSA SEH PSUN IRE CIT RDN NCX AIB CRBC WBS FITB HBAN BANR BPOP BAC

DAYRANGERS WEEK OF 2/2 UNDER $1

OPXA ACTC ADVNB BKUNA CEM KV/A EBHI FED NCT GGP CNB ANPI QTM ACPW JAVO GNVC LEE PMU EEE AVII MCGC MNI GSAT KRY CEGE ASTM MTSN ABH GPK SMC KOOL SBKC VTSS SANM PGPDQ FSNM DISK FBC CAR CHVC

DAYRANGERS WEEK OF 2/2 OVER $10

FAZ PLD SCO SRS UCO MWE MTH LNC HIG SLG AMB TNA ERX ERY MAC PRU TZA XCO PFG FCL SKF MS STT BMR ZION PNC MET SLM CAL LM AFL UNM STI WFC DFG CEDC CMA COF USB JPM

DAYRANGERS WEEK OF 1/26 BETWEEN $1 to $10

NG APPY MPG FED FIG KFN ALD GGP MEG NFP BEE GFG ABD FTBK PNX ARTC DDR BNE SFI FAS MTG FTK ZLC ENTG GNW STKL IO CNO AXL AVII JASO CIT AMFI STSA CRBC SAY RMBS C IRE HBAN

DAYRANGERS WEEK OF 1/26 UNDER $1

WAVE GSAT BKUNA VC ADVNB EBHI SUF CMRG MRNA OPXA KRY QTM GNVC CVBT NCT KERX GTCB ICOG BGP HSPO BFRM AVR ACLS ONT BORL HH CEM ASTM GPK GMO CAR CHB ABH NVD PSUN VTSS VRS GSX AGT ATHX

DAYRANGERS WEEK OF 1/26 OVER $10

PLD FAZ SRS GNK DRYS MTH SCO UCO DRE MAC TNA TZA SLG LNC AMB ERY ERX HIG ANR SSW WLT FCL PFG IOC PRU SKF KIM MS BMR BGC CETV CBI LDK STT PNC UNM UAUA LM DFG ZION

MY TAKE.....Tim Syke's Pennystocking Part Deux Review

Laura and I watched this together...I agree on all points she made...
I'll add this,to me this DVD was a playground,I loved the charts and the stocks he talked about in those charts.
Why,because I remember those runs and know every last one of them.
Certainly you won't unless you follow stocks as much as I do,but the point is Tim knows exactly which stocks and charts to use as examples.
That to me says a lot about his reputation...no junk here...just the best examples to learn from.
Being gonzo myself,I really liked the part where he talks "Boring Breakouts" and choppy messy charts.
Just as I feel,Tim feels the same way.
The stocks/charts he uses as examples of these are dead on...we are looking for potential big movers,not yawners...Tim does a great job here with these.

One thing I have to disagree with is he says his niche isn't really scalable.
Ok,I understand he is looking for the "Super plays" and that is correct if you just look for those because there are so few,it's not scalable in that vein.
But here is the thing to me,which to me makes his niche so awesome.....IF you can master getting into Tim's head,how he looks at this angle you CAN make it scalable.
By this I mean one doesn't need just the Super Play...
Myself I can find a few dozen a week off his angle that in essence aren't Super but way good enough on the risk/reward side,both long and short.
Remember,Super Plays don't always pan out,nothing is 100%.
What I'm saying If you understand this niche, imo,you can find a bunch of others that give you great possible trades.
To me this is even a greater testimonial to this DVD.
You work hard,learn your stocks and the patterns Tim describes (just on a lesser scale in relation to their breakouts/runs) daytrade them,I say you can scale this into big time cash.
Funny but I don't even think Tim realizes what a gold mine this can be to an EXPERIENCED trader who comes close to mastering this niche he has.
In closing, this DVD is worth every penny,imo....it's a dark corner of the trading world,one that he brings to light.

Tim Sykes' Pennystocking Part Deux Review

Timothy Sykes' Pennystocking Part Deux educational trading DVD utilizes many charts to illustrate when to short and yes, when to buy these often manipulated stocks. The beginning of the DVD covers some basics such as the importance of risk management and then moves on to cover when to buy penny stocks. He reviews how to spot breakouts and the various types of breakouts such as technical, manipulation, and squeeze breakouts. Tim uses many chart examples to show you how to recognize and buy into the breakout. An important point he hammers home is that these breakouts can be very strong at times so don’t short into strength just because you think it can’t go higher. It can, it may.


The next lesson moves on to how and when to short and the chart patterns to look for. He shows you how to spot the breakdown, afternoon fade, volume fading, message board chatter dwindles etc. Once again, with dozens of charts, he shows you the exact things to look for on the chart such as waiting for the first red day. Tim does a nice job with the charts of illustrating that most of the breakdowns have similar characteristics. He then reviews when to cut losses and take profits.


Discs 2-3 dig much deeper into breakouts and super-novas. He uses some of the same stock charts from the lessons on Disc 1 and goes into more detail (and a lot more intraday charting) on morning spike patterns and how to play the super-nova pattern. He discusses the reasons why the breakout is occurring and which breakouts to avoid such as a fundamental breakout on good earnings. He also covers how to spot support and resistance in a simple, not overly technical, way. Disc 4 continues covering the breakouts, particularly ones caused by stock pumpers, spam mailers and PR. Dozens more charts show the signals to watch for to go long and the time to short. Tim reviews and sums up the key points of trading at the end.


If you’ve ever been afraid to buy a breakout because it already looked too high, or ever shorted too soon and gotten squeezed as the stock continues upwards, then Pennystocking Part Deux will definitely help you decipher the charts and understand that the movements are not random. There are reasons for the way these stocks move and Tim does a great job revealing those reasons in an easy to understand way.


Overall a very good value for new and experienced traders alike, packed with lessons on how to trade these volatile pennies. For more information on Tim’s instructional DVDs, click the Tim link in the right sidebar of the blog.

DAYRANGERS WEEK OF 1/20 UNDER $1

EFGU WAVE BKUNA SSLR GSAT ILE GTCB UEC PIR CMRG MNI SYCRF RHDC BGP MDTL QTM ONT KEME ERFW ABH IMOS NVD LEE VC DAN CEGE CDL CAR AZC CHNQW CVM TSTR KERX NCT MRNA UIS GSX CLZR AGT IDT

Sorted from highest ADR10 to lowest.
Reason being that many of these under $1 have this high dayrange in past days due to pumps,press releases put out by the company,message board chatter,rumors of news,etc.

DAYRANGERS WEEK OF 1/20 BETWEEN $1 to $10

GGP NG MPG FED FIG KFN SRZ NFP ALD BEE MEG CHRS EPL AHD TLB PNX ABD TXCO PALM DDR JAV FTBK OCNF LIZ XTXI FTK MEA GKK MCGC SMOD AER NCEN EMKR APP BQI IO ENTG MIC ARTC LZB

Ranked from highest ADR30 to lowest after they hit the ADR10 high % scan.

Join the Chat - Seminar #2 on Sunday

Chat is going strong, great calls all day! The second seminar will start this Sunday, 1/18 at 8 pm EST.

Special member pricing is set to expire then too, so hurry up and sign up here!

DAYRANGERS WEEK OF 1/12 BETWEEN $1 to $10

GGP MPG SRZ NFP FED NG FIG BEE MNI RAMS LEA TLB ALD HTM KFN NFLD TXCO LIZ ABD OCNF VRNM AHD UIS LAVA EPL HPGP BNE EMKR FTK XTXI CVGI MEA DNN MIC AHT AER GKK ARM RZ BQI

Ranked from highest ADR30 to lowest after they hit the ADR10 high % scan.

Stocks from this scan that have increased their ADR10 over their ADR30 by at least 2%,in order of highest change.....

KFN NFLD VRNM ALD FIG RAMS HTM MNI AHT GKK XTXI