By William Cash
Boop….What comes up on the radar? PGCR. This stock used to trade under a different symbol a while ago. I always liked the little rides of this little stock. I don’t know why people like these guys so much, but when it goes, it goes. Originally Mountainman had introduced me to this stock.
I saw it at .004, hopped in asap thinking it will run 30% or so. I got lucky getting in so quickly. Only took a small position, but its fun to run with this baby. Well, needless to say I’m up. Thinking of dumping it because I can sell now at .011.
I have my TDAmeritrade feed back for the otcbb crap, so it feels good to see it again.
Selling off my position for PCGR…bye bye stock.
I will update more as the day goes. Almost a triple to start the day. Life is good.
I’d like to buy in again if it tanks to hell. It might work for a kneejerk trade for 20-30% from the .004 range… Eyes open on this one.
I’m just sitting back doing my other work now, just watching. Got a couple of .pk stinkies trending up that were speculation mini-buys, but they do this and then fall back to “poopland” usually….They give you that “look at me” moment, then they just suck again. I am content that they will be the same price a year from now. Think about it….people are losing their asses on the market and the stocks that I feel are worthless are doing better than them! LOL, that’s looking on the bright side I guess.
William Cashism for the day: Poopland is defined as the place where stocks go to do nothing.
By William Cash
The title says it all. When part of my system is down, it is impossible for me to make decisions trading like I normally would because so much of what I do is visual translations of market activity.
Here is what happened: My TD Ameritrade Strategy Desk lost part of its feed for OTC and BB listings and ability to draw candlesticks for immediate and past transactions. Shit!!!! No actives for that section of stock, no immediate 5 min. or daily.
How it affected me: I had the ability to trade but could see no motivation of the stocks that I wanted to see. I found myself looking at my Zecco interface and constantly quoting…..we all know how crappy that is. I’m so used to seeing Time and sales with a visual real-time representation of movement. Visually I can normally see how the market breathes in and out and make decisions quickly. I’m spoiled and spoiled and spoiled. I sat on the sidelines and watched money increase and decrease. It’s no fun trading money, I like the blinky lights. LOL.
I called TDAmeritrade and they said they had programmers working on it.
So, what did I learn from this? I learned that I have trained myself to absorb data from different tools at once to collect enough information to make immediate decisions. I did not reach for the calculator, didn’t do any math…I have become spoiled and complacent.
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By William Cash
I love these little stinkies! The soap opera continues for this Monday. I’m going to stay with $300 positions today.
I went into FRNTQ.pk for the last dip. I bought $300 Friday just about as low as you can go. This was a gamble, but I could not resist one last shot with this pig before it goes to nothing in October. This retracement trade was simple and for little gain, but the numbers were sound. .054 Buy, liquidated .077. Goodbye to a great .pkQ! It was a great moneymaker for me in the long haul. (Like saying goodbye at a funeral…sniff, sniff, lol.)
I saw CBAI volume and price movement doing very well. .0035 bought $300 because 8x volume and it confirmed its movement pretty quickly thereafter. Out at .0057. Did not look at news or anything. Just a lil dip in the pond.
Interesting trade today on ASFX. Was watching this one as it interests me. Saw it gap up slightly. Waited for the correction, but it did not come. The volume was not crazy, but the price started to move. Not my favorite way to trade, but I stuck my $300 in. Got in .026 and will watch for the hook. If I see it, I’m out.
Feedback: Been getting mixed feedback lately. Mostly on here its been pretty good but there’s not many people. My local group I think hates me. They’re mad at me I guess. They won’t think for themselves. They ask me for stock tips and I tell them that good tips are for waitresses with big boobs. Needless to say, they don’t appreciate that. I try to explain that I am an “in the moment” kind of trader. I use the words like volatility and momentum. They say why can’t you pick them on a longer chart? I can read a longer chart, but I am not trading that way. I think I’m going to leave that group. I cannot relate to anyone there. I am looking to find more like minded people to exchange information with to improve my abilities with to get to my goal.
By William Cash
I decided that I’m going to keep it simple and kill some of the losses. Seeing red makes me a less focused trader. They are small, but I have to do it.
This brings up a good point about a rule I learned about trading and it is really very true: Never try to mix trading styles. If you are a buy and hold…be a buy and hold. If you are going to be a momentum trader, be one. The best part about forgetting what you want to trade like is that it will smack you in the ass and remind you when you aren’t as great and successful as you think you are.
Sold 100 VSTN@ $0.18 - took a loss of $120
Sold 10,000 ASFX@ $0.0248- took a loss of $48
I’ve been doing pretty well except for this week. I’m going to give myself the 5 cent review now. (Third person mode please….) Willie Cash did poorly this week. He decided that he was smarter than himself and started to trade like an idiot instead of like a momentum or volatility trader. Willie bought things because he liked the stock or because he had a hunch or some other fricked up rational for purchase. Instead, Willie should have been focusing on the stocks in the move. Willie does well when he sticks to his main ideas and stays away from his other plans for grandeur.
Like when I blogged Volatility Study Phase III, Loading up Beyond Daily Play……….. and subsequent entries after that, please just ignore…. When I stick to my plan, I do better. Not focusing on one style is bad for me. I spend more time defending I guess. If I’m going to buy to hold, I’ll just use a separate account. Here is a graphic below about Willie Cash’s progress. Just ignore the symbol, its just there to show a correction and then to continue up now that the problem is identified and dealt with.
Now that I went through that self analysis trading crap….Time to buy.
GetFugu - Kneejerk- Bought GFGU@ $0.42 2500
GetFugu - Sold GFGU@ $0.70 2500 Took $700
Emergent Health - Kneejerk- Bought EMGE@ $3.05 100 - Too early of a buy….dumping not done yet.
Sold 1,000 WAMUQ@ $0.299 Took $4.35 wow. Yes, four dollars and thirty five cents. How awesome is that?
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The day is still in progress, will update later.
Wow, SEC filing charges @ Jared from EESO……tanko mundo on that stock!
The death of the FRNTQ.pk bankruptcy has begun…. 8k says no value…people are still buying it…LOL!
wow
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By William Cash
The title says it pretty well. The volatility market is not appealing to me today. I’m looking for crud to put in my little 10k Zecco IRA. I really don’t have much in there at all. I think just two mid-range hold stocks. I’m working on identifying stocks that are good candidates for the longer hold. Looking at cloud computing prospects, bio and financials. I’m looking at the financials lightly though, as I still have no faith in that sector.
No good ideas so far.
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