This market has been out of control, in a good way for day traders like myself. For long-term investors not so much… I want to explain the best way I have found of how to trade in a bear market. As expected the SPY pulled back again and moved back to test the lows at …
This new market environment is a lot different from the past. Many of the old patterns are no longer working like they used to. This has to lead me to start looking for new tradable setups and I recently stumbled on a new one. This pattern has been paying my bills quite nicely over the …
LOTE is a crazy stock promotion that took place. It was driven by suckers getting paper mailers and day traders. The move in this stock was incredible. It’s starting to resemble LEXG which was one of the greatest promotions of all times in 2010, although a different pumper is involved and the volume wasn’t nearly …
TheStreetsweeper.org released an alert on CYBX today. These guys uncover what they believe to be fraudulent companies and they release to the public. Their article can be found here. I shorted 2000 shares at 9:51:10 at $45.61. I covered 1000 shares at $44.61 and then I covered the rest at $45.00 when the stock failed …
Short selling penny stocks in theory would seem like an awesome strategy since every single pump and dump eventually implodes and falls back towards $0.0001. Unfortunately, there are some very big reasons why it is not a good strategy for the majority of new traders. When trading penny stocks you have to consider many factors. …
While UNXL isn’t a classic under $5.00 stock this one was extremely volatile like they normally are when trading penny stocks. I shorted 2000 shares of UNXL at 13.45 today when the stock got into what I refer to as the “sell zone.” You can learn more about the sell zone in my trading course. …