Hey guys,

A (fairly) quick forward before I discuss my trading:

It's been a while since I've posted anything. Simply put, this is because I've been lazy. I have had to unsubscribe from Pennystocking Silver as I wasn't able to afford it (middle-class college student), but that still wouldn't have stopped me from posting regularly on here (as well as watching Tim's free videos on his Youtube channel) and getting all the support and education I can on my trading career, and as a result my account (until several days ago) was down about 61%.

No more. I can't really explain scientifically what happened, but I simply was tired of being lazy and poor and have decided to commit to making myself a better person, and my trading is no exception. My account is now down only about 13% and I'm ready to do whatever it takes to get back to the green and make consistent profits.. I will even apply to Tim's challenge despite my financial situation and hope that he grants me access for at least a discounted cost, as I will prove through these postings (on here, twitter, and other networks) of my trades, whether wins or losses, and lessons learned that I WILL be one of his top students.

With all that said, the main reason for this forward is I NEED YOUR HELP. As I don't have the money yet to continue Pennystocking Silver (don't worry, I've managed to...creatively acquire Tim's DVD's free of charge & have the early bird subscription of Stocktotrade ;D ) the only information I can get from this site is from the blog posts I can read (I DO read them now, make no mistake...Lx21, Willkaraman, Ike, Hebrewhammer, all of 'em), reviewing my past trades from blog posts, and reading the comments that YOU GUYS POST on my blog. My plan is to start with posts AT LEAST every other day stating my current positions, trades I was thinking about making but didn't, questions I'm seeking the answer to or opinions I want, my observations on long-term patterns from other stocks, and anything else I deem important. That will be good to start, and I am going to refine this list as I go on. I will potentially post more than every other day, but I DO need to save some time for other things like school (not out of school yet unfortunately), work, video-lessons, sleeping (although not too much), and other important things. The every-other-day posts are just what I will do if I literally have time for nothing else.

I understand that I haven't proven myself yet, I understand that a lot of people (including me up until a few days ago) do give up after a little bit hard work, and a lot of people are fake and full of shit when they say they want to improve. I also understand that life is difficult and the future is unknown. I plan to open a business with my trading profits, and if I'm successful with that I don't know how much time I will be able to continue to trade. I am also a college student, and while I wish I could post every day I likely won't be able to because I have a hectic schedule, and there are a million other things that could happen to affect my trading and my schedule.

However, I am NOT, NOT, NOT, NOT, NOT the lazy-ass person that I was before, and I'm just asking that you give me a chance and read for a couple posts before you make a judgment. I GUARANTEE you that I will stick to my promise of regular posts, and I also promise that, once I figure out how to reply to comments (will be figured out in the next hour), I will reply to EVERY SINGLE ONE of your comments (no matter what is) with, if nothing else, a thank-you for spending the time to contribute to my trading, because that's what you are doing - contributing to my trading and my future, and I will reply in kind. I want EVERYTHING that you guys have to offer. Critiques, thoughts, answers to questions that I post, opinions, all of it. I want ALL OF IT. GIVE TO ME!!!!!!

Now, with all that said, let's get to f*ckin' trading.

As my current situation makes me unable to actually day trade (still in a 90-day ban on Robinhood, will be switching to TD Ameritrade once I have perfected my trading and raised some more money, currently at 1k trying to get to 1.5k), I've been forced to do overnight holds on all of my trades. However, I have noticed a strange pattern: all of my best trades have been overnight holds. Even when I had day-trading capability, my most profitable trades have been when I've reached my PDT limit and I've had to wait until around power-hour and look for the most probable uptrends or spikes around the EOD, hold overnight, then sell at open or soon after. 

Some examples are: 

XGTI EOD June 2nd - I bought in at .1887 at the EOD spike, and sold at .20 the next day...I should've held as it ran almost to to .23 about two minutes after, but I was trading scared like Sensei Sykes says (HEHEHE say that 5 times fast) 

HERO, EOD June 1st - Bought in at 1.50, sold at 1.48 the next day. Slight disappointed as it didn't live up to its spike, but oh well.

IMNP, EOD May 31st - bought in at .33 as it started to spike EOD. Robinhood doesn't let you sell premarket so I was crying inside as I watched it spike in AH, but I still managed to sell it at open at .40 for a profit of 7 cents a share. 

CJES, EOD May 27th- bought in at .49 at the EOD spike, and sold the next trading at at .52 soon after the open.

RPRX EOD on its first major recent spike, April 13th - I bought in at 1.82 as this thing was a MONSTER, a baby see could see it was testing resistance BIG TIME, so I bought in at 1.82 for that BEAUTIFUL EOD spike and sold the next day at 2.70. BANKED!

Now, you may notice that the top 4 examples are taking place in consecutive days. You're right. I'm literally buying EOD, selling at open unless it seems really bullish, then waiting until around 11:00-noon to start looking for my next buy, as I am pretty much unwilling to buy anything earlier right now as I can't get out as it collapses. My method for finding these stocks has been keep track of the big movers for last EOD short squeezes and/or volatility spikes, and using a scanner that I've developed that looks for big % gainers over short periods of time to find these EOD fast- movers.

However, one question I have is: is there any method you can use to tell how stocks with this kind of EOD price action will likely behave at open? Like some tanked immediately and I could see that coming (like IMNP or HERO), but others like XGTI and CJES went after a slight hesitation and tiny downtrend, and if I'd held a bit longer I could've had around 30% more profits each, and the probability that the stock will choose either direction seems to be about 50/50 to me, so I just take what profits I have a minute or two after open (just in case it opens really bullish) rather than "hold and hope". I just don't know what to do at the beginning of of the day when the thing is hesitating, as I usually have around 10% profits and am scared that its gonna tank and I'll go red since most of these trades are solely on bullish-looking price action. I have definite stop-losses at about 5-10% below my buy in and definite take profit marks between 20-30% (I'll also take profits lower if it looks bearish), but I just sometimes get nervous if it suddenly accelerates downward as it might tank quicker than I can press the sell button and give me losses greater than what I expected, and I don't know how to tell the trend of the stock in the first few minutes as the stock's oscillating and trying to figure itself out in terms of trend direction.

ANY advice on this, as well as overnight holds in general, is appreciated.

It is almost the exact same case in my CURRENT real-money position: CBYL.

The U-pattern this stock forms is a very common and usually bullish pattern. The stock spikes due to whatever catalyst, sellers take profits, then it slowly comes back and punches through resistance. If i have day-trade capability I like to buy right after the dip, as the uptrend is confirmed and I have good risk reward and a lot of time to tell whether or not it will be able resistance and take what profits I still have if it fails to do so.

However, when I have no day-trading capability (like now) I try to buy on confirmation of the breakout, so when I saw it about out from around the 1.38-1.39ish resistance area I bought in at 1.40. Things looked good as it went to 1.43, but then it just couldn't keep going and sank back to resistance for the rest of EOD and AH.

My current plan is simply to way and see if it drops below 1.35, and see how the stock pattern looks. I know that sounds vague but I'm going to look for things like if it's holding support&therefore just a pullback, still high volume &good bid, etc etc. and make a judgment from there. However, it has no actual news that I can see and failed to hol its breakout so my question is pretty much the same as before:

How do I tell/what are some things I can look for in AH/PM and market open to help me make a decision as to when to sell, especially if the stock is definitely not going in one direction or the other and/or looks slightly bullish? 

Again, any help on this & in general would be appreciated.

Paper position: XGTI.

Before you ask: I have a separate paper account besides my real-money account so that I can have day-trading capability & have a track record of my successes so that I can review my trades and show potential investors a track-record of my trades. Sure, I could potentially fake one of these, but then you'll have to explain how I found all of these specific movements in specific stocks at specific times throughout what will eventually be years of trading. 

Anyway, I thought this chart still seemed bullish. Yes, it's oscillating downward, but this downtrend seems strange to me. The really bearish ones have a fear sharper rate and angle of descent. By angle, I mean: look at the peaks of the oscillations, the angle inside is much wider than that of other oscillations that ended up tanking. By ROD I mean: it's almost as if someone took this stock's oscillation and rotated to a slightly flatter angle. It's just not as steep, and now it's found support I think. I bought in at .2020 on paper, we'll see how it goes.

MY QUESTION THOUGH: What is your opinion on XGTI? To me, both the long-term and short-term chart seem like it's forming a bullish U-pattern, but it could also just peak and form a lower and and turn into a bearish pattern. What do you think and why? Let me know.

Now, I don't have much left to say for this post, but THANK YOU for reading this far. I will be contacting support and getting my trades on here ASAP so I don't have to take up space here stating the trade, and you can easily know what I'm talking about when I reference a trade. Again, these will be every-other-day posts unless I have more free time than expected, but I WILL give a reply to every comment made on these posts and every message that I receive on this profile. All of this my GUARANTEE to you, as a way of not just saying thank you, but investing in you at least a little bit of what you have invested in me. 

IMPORTANT NOTE: While advice relating to the issues that I've highlighted is much loved, I also very much would like any advice you have to offer on anything. Trading-specific advice is preferred, but if you have anything you think could help me whether it be help with trading-specific stuff like the correct mentality, research skills, scanner suggestions, & other things or not-as-related-to-trading-but-still-cool-stuff like time-management, cooking pasta, studying for boring classes, or other things...again, I WANT IT ALL!!!!

And, last but of course not least...my watchlist:

ACTUAL POSITIONS:

CBYL (real) - small breakout in EOD of last trading day. More detailed description above, but main idea is it looks very bullish. I anticipate a pullback before a small run, but if it does the opposite I'm gonna sell quickly because if it immediately runs I just have a feeling it won't hold. Going for a 7.14-ish% gain here- 1.40 to 1.50, 10 cents out of 14 cents that'd be needed for a 10% gain.

XGTI (paper) - Regretting this now that I think about it, I'm not comfortable with it now. I think I'm gonna sell at the first bearish sign but hold it otherwise, as this chart seems to sink back down really quickly after a breakout, which it might continue to do tomorrow....but it is also a breakout from Multiday resistance, so it could run too...gotta wait and see...will likely get out if it drops to about .1940-.1950 area and shows no signs of holding.

POTENTIAL BUYS:

URG - STEADY uptrend, holding support, nice AH breakout similar to XGTI IMO.

LBIO - This won't last IMO. Odd money raisers like these (see CDOR a while ago, check news for exact date, it had a similar weird fundraiser) usually don't keep a stock up unless it's a crapton of money and/or is significant for the company, like saving it from bankruptcy or something, but it definitely looks bullish at least for the next day...reminds me of CCXI's second day of its recent spike.

AVH - A buddy of mine spotted this AH monster a little while ago. Rumors of buyouts by multiple airlines, but nobody knows if they're really gonna sell the company and what the actual bid amounts are from any of the potential buyers. Still a big must-watch though IMO

MBRX - A trader I follow on twitter (my twitter's @ end of post) was watching this, and compared it to CPXX, something about them patenting a technology + a big financing...they did sell some shares, but I'm not good enough at understanding financings yet to know if it's good nr not (will correct that VERY soon, but any advice on how to understand financings effectively is welcome!), but soon after this trader's tweet it started a strangely bullish move. DEFINITE watch.

NAK - Weird uptrend + after-hours push. No recent news but we'll see what happens.

CJES- Spiked today , then dropped sharply-after hours...something about a NASDAQ listing notice, dunno what that means so I need to figure that out & read the news more closely but definite potential dip-buy.

CRDS - VERY GOOD EARNINGS winer. It didn't just have a smaller loss than expected, it actually had great AND positive earnings according to seekingalpha. It's also held support twice after multiple downtrends. Definite potential buy.

AKAO- multiday breakout even with its dip, but its dip is forming a long-term U pattern- I'd get in if I had funds, low-risk trade but lots to gain with the bullish chart + potential short squeeze.

POTENTIAL SHORTS - My apologies for the short list (HEHEH get it? short list? Eh? Eh?) here, not short-based yet but I AM training to short, will have a longer list in the future:

SGY - been watching this long before this post, but it's a crappy (oil? I think?) company that was up for no reason, and now it's going back down to where it belongs. Down 50% from its high of .60-.70 to .37, but support is still wayyy down below at .27 and it's a downtrending chart, meaning it could go even lower. Obvious short.

PACD - the jump is due to a reverse stock split I think, but it's actually up a fair amount legitimately and has no reason to be. Already slowly cracking support, could just jump off a cliff like SGY did.

PSID - "OTC TRASH but could still run" is the worthy summation by Tim Grittani on twitter. Could be forming another short uptrend right now but it's basically been tanking except for one major spike, horrible long-term chart too. Watch for it to continue tanking and short away.

Sorry I don't have more shorts, again I'm not short-based yet due to lack of money available to short with, but the main idea for finding the good & RELIABLE shorts is this: record all the big gainers (20% or above) over the past few days and watch them. If they have no news or news that won't hold up, they won't necessarily end up lower than they were before but they will RETURN to where they were, making predicting the (around 20-30%) falls back to reality easy. I know it's more complicated, but that's the basic idea.

Any advice on finding shorts more efficiently is welcomed!

 

DON'T KNOWS-:

EBIO - Potential short but also still up a lot + potential for a short squeeze from not dropping as fast as people might have expected. Gotta see where it goes, how far it extends & if it holds gains/support, and make the decision from there.

CLF - Bullish price action (higher highs & lows), but also some analysts say it's overvalued if you look in its recent news. Again. just wait and see what pattern it ends up making.I

 

Any responses to my watchlist (or anything on here for that matter, that's the point I'm trying to get across in case you haven't noticed) is welcome and wanted.

 

 

Alright, time to go..I Cannot wait for your responses and for what my next blog post & general future holds!!!!

Let's see, I need a signature exit...

ROGER WINGO!!!!!

-A Moving Target

 

Twitter:@BCarlick

Skype: qbinarycode

NOT advertising. I simply find discussion & collaboration with other discussion has helped me tremendously recently.

P.S. my apologies for any typos I missed...I reread this many times but something still may have escaped my eye. Comment if you don't understand what I said or mean with anything I post. I also may include my watchlists in a separate post to avoid it making these blogs super-long, but I need to think about that so stay tuned!