NP, and one thing about the open of the stock market, there is a saying that Amateurs open the market, Profesionals close it. What this means is more often than not, you will see stocks open high at the start of the market, even gap up, and then go the complete opposite way at the close...

This is why you usually want to sell your losers on the open, because chances are good that their price will be inflated. This is also why alot od day traders will short any stock that GAPS UP at the open, because usually the people who are buying at the open are the amateurs who just read the wallstreet journal and want to get into a stock.

Thanks, I'll try :)

My :2 cents:

Eden is a seasonal stock at best. A single product company (pesticides) at this point. The chart shows it should climb and spike in Feb but with recent hurricanes and bad weather destroying crops in key parts of the US this one would be a gamble.

Vaso if you buy enough shares you could get lucky on the uptrend but that stock could stay flat as well. I agree that has to bust the 1.25 mark before anyone would want to touch it. Before that you mind as well just throw it all on red at the local casino. Same odds.

IN is about to be taken over the early part of this year. This is a neat one to watch.

Nothing wrong with your methods I will watch this thread. I have great success long term. I think a smart thing for any newbie investors watching this would be to mix it up. Play safe with some nice long term plays that pay dividends. Take your beer money and play with the other stocks.

Your analysis is situated towards long term investing and you may be right on that long term. My style is momentum trading in the short term, so when I look at a stock, I don't pay too much attention to the fundamentals, because I will only be holding a stock for a few days, not long enough for the fundamentals to really effect the stock. But thats a good analysis on your part. :)

great thread man, would be good to make a site with updated info if this gets enough interest

brokers do well not because of their picks, but they make money off every damn trade

Thanks. yes its a bit of a long term analysis, but long term to me is 3+ years out. I was looking at these from a 3+ month term out. Still much longer then your method.

This will be interesting either way. I will be sure to watch and play with a few of your picks along the way.

You should start your own message board or newsletter so we can post on these picks months later as well. It would be interesting to see the longer term gains vs. your short term gains etc. This GFY thread will get huge fast.

Increase
 

Making 17.7% in one year is very good. Tell me what your money was in. This guy claims to have made over 200% in two months and he makes it out like he is a genius when in reality he does not know shit.

He lost on his first trade and he will keep on losing. You can take that to the bank.

Yes and some of them love to churn the shit out of your account. I have 1 managed account that does well but I watch the churn real close.

I also have 2 personal accounts that do even better. This of course is do to more risk but reduced comissions as well.

Lmao!!!
 

This guy is a complete asshole. If he waits to sell it on the open tomorrow it could drop down to $1.00 and he loses more than 2%. You guys are wasting your time with this asshole. He wrote in his other thread that the most he could lose is 2%. We have now found out that is bullshit.

What are you so worried about? If his methods don't work people will find out quickly enough and not use them and this thread will die.

For some reason you seem to be taking it all personal.

Your safeguard behind selling if it goes 2% below is non-existant in effectiveness unless it is immediate. If you don't know any information about the company, and solely go by a chart, and it goes down 2% it could go down another 20%. And even if it only goes down 2%, you'll likely have to sell it for less than it's current value to sell it. :)

Matt

Moron!!!
 

You do not know shit. Lets take a company like Merck. If they closed at $45.00 the day before they announced the problem with Vioxx and you planned on selling it on the open you would have sold it at about $30.00. News comes out all the time when the market is closed.

Your theorys are just plain bullshit and the sad thing is you have a few people here who are going to listen to you and they are going to lose money. You are a fucking asshole for posting this crap.

Yes thats a big flaw in this system. He has to sell the same day and hold no positions overnite with this method.

Just wanted to note.. there's a lot of power for someone to have a bunch of people following and listening to stock trade advice... you buy early, tell them it will go up.. 10, 20, 50, 100 people try to buy the stock, price goes up, advice giver sells. :)

Just something to point out to people. I have no clue if Metaform's strategy has or would work for people.

Matt

Yes that the premise of all those stock email spams I am sure everyone has seen. Take a low volume trading stock send out 100 million emails. Get a bunch of newbies to buy in early and the sender sells after the spike.

I don't think Meta is trying that. The picks he showed so far have some volume on there own and it sure as hell wouldn't help him in this biz if he pulled that sort of trick.

Manipulation!!
 

Two of the three stocks this guy posted can be manipulated very easily. One has 40,000 shares traded. One has 250,000 shares traded and the other one has traded 1.5 million. Since these all are penny stocks two out of the three can be manipulated and if he buys a stock at $1.25 and some of you guys buy 50,000 shares that will move two of these stocks at least 3 cents and then he can sell. You guys are being hosed.

Meta - At 2% stop losses don't you stop yourself out a good portion of the time. I mean 2% on a $50 stock is only $1? It would seem like you are running a great risk of being stopped out too early and eating the commissions?

One strategy which has always interested me is using some form of MacroEconomics and Trend Trading. I think that even as a trend trader one would want to look at Macro factors to determine which sectors to be in, etc. For example, you wouldn't want to buy a retail stock if the consumer confidence numbers were coming out that day and were uncertain.

So, the strategy would be to look at Macro for the general trends in the market, to determine which sectors to be in, and then use a ST trend trading approach such as Meta has done.

(However, with the stop losses one will be safe even if a macro mistake was made)

hmm, sounds like you'll be rich soon

A website would be too time consuming for right now, lets see how this goes and how much interest there is a few days/weeks from now.

Lets look at VASO for example, that has done 1.7 million in volume today. Comon guys, do you really think the reason i am doing this is because I think I can hype up the stock through GFY and raise the price? Trust me, that would be nearly impossible with any stock that does more than 30,000 in daily volume.

Ok, you bring up a good point here, and I have been chattinmg about this with a few others. I personally give myself some leeway on the 2%, but the reason I posted that the 2% rule should be followed here is because in case someone buys my pick and is new to this trading style, the stock may drop a bit and they may not sell it if I gave them the option of figuring out the sell points on their own, and therefore could get into alot of trouble.

So yes, the 2% could stop you out of alot of good trades, but it basically cuts down your risk tremendously.

I think the best thing to do is from now on I will post the price to set your stop at as well, instead of the 2%, and will do so badsed on the support levels on the chart, that way everyone will know when to sell if it goes down.

Oh I know you aren't that why I stated they had decent volume already. I was backing you up on that.

Not sure if your system will work but I highly doubt you would do this to drive stock prices up. You have a few people in this thread that just don't like you.

meta did you check TKER ? :)

shit going up like crazy, i am soo upset i didnt get in in the AM.

**DROOY**
CURRENT PRICE: 1.44
UPSIDE POTENTIAL: 1.80 IN THE SHORT TERM

Once every blue moon, I go around one of my own rules. This stock is one of those instances. This is a stock that is not in a uptrend. But this is a case where a clear bottom has been established based on the chart. There is tremendous support at 1.43, so it will most likely not go lower than that. It is testing the level right 1.43 right now and it just does not break below it! This would be a great buy here, as I believe it can only go up from these levels.**

New CFO, Just got rid of a ton of dept. That stock is soaring.

Yeah, TKER is going nuts Doomed, I still own it :)
I got in at 2.51 five days ago, its $3.35 right now...I'm thinking about getting out though. It's a OTC stock, it could drop down 30% in 1 day, i'll hold till tomorow and see how it does.

Loser!!!
 

You lost over 13% on VASO. Good job dick head. You were trying to show everyone how great you are but as I have been telling everyone since last night you do not know shit about the stock market. Your guaranteed only to lose 2% at the most per trade has been shown to be a bunch of bullshit on your first trade.


IF VASO goes below a $1.00 is it considered a penny stock? LMFAO!!!!

You gotta love it!!! LMFAO!!!

Okay guys, EDEN, IN, DROOY look very good. DROOY and IN have a very solid support right now, they will not be going down any lower in my opinion. EDEN closed near the highs, so thats good.

VASO is acting like a dog now, I will be selling VASO in the morning unless it is strong on the open, we will see. I doubt anyone is in TKER here, but if you are, that stock always gaps up in the morning, so if your gonna take profits, sell it right when the market opens. I will take profits in that tomorow.

your an idiot...you think every stock I buy will be profitable? I already said 1 out of 5 of them go down, VASO is one of those.

But since you like to throw around some numbers, here is a good one for you. TKER, I bought it at 2.51, it is at $3.35 right now. Thats 75%. How much did you make today?? You will prolly ask for proof, so here it is. Have a nice day.

http://www.studiocash.com/stock1.jpg

Rules?
 

You do not even follow your own rules. First you wrote that you never lose more than 2% because you put in a stop loss. Now you tell everyone that you do not sell if it goes down more than 2% until the opening the next day. You LOST OVER 13% on VASO!!!

Now you tell us that you will buy a stock that is in a downtrend. Before you wrote you NEVER break this rule but here is an exception.

Who the fuck are you kidding. You do not have a clue on what the fuck you are doing. A broken clock is correct twice a day and in time you are going to cost people a lot of money.

Sure you do!!
 

Of course you still own it. Why would you take a nice profit when you can tell everyone you still own it since you lost more than 13% on VASO!!!LMAO!!

I dont really like DROOY (unless they are about to strike gold). That looks like the bottom could fall out at any time. Better off waiting to see if it starts to up swing.

IN on the other hand could pan out nicely.

Lmfao!!
 

Only 1 out of 5 go down. You are full of shit.

I find it interesting that you show TKER bought at $2.51 and the current price is $2.83 in your chart when it closed at $3.35. Who is the fucking liar here? That would be you. Stop trying to impress people. Stop posting your garbage. You a re going to lose money for people who do not know any better.

There is an exception to every rule. My style is to not bottomfish. But when I find a gem like Drooy, I will bend the rules a little. A good trader adapts. I am up 50% overall today still thanks to TKER, (see my post above)

You should really ccalm down and take a breath, your really stressing yourself out over me. Why don't you pay more attention to your own money than mine. Here is some help: http://www.prozac.com

are you that stupid dude? I mean really, are you that big of an idiot? haha. That screenshot is from 2 days ago when it was at $2.83. Today it went to $3.35. You need me to take a screenshot for you every single minute?

Go get a life, you are runing this thread.

Yeah, I really like IN. You really won't find many charts like that with that long of a flagging pattern. It looks like the support at $2 is very solid.

How much are the taxes going to take away from your profits ? Remember the goverment want its cut too at the end of the year

0% capital gains taxes here on stocks,aahhhh!!!! And only 15% dividend tax. Belgium is THE tax haven for your investments.

Goodbye LawyersSuck (and so do you)
http://www.studiocash.com/1.gif

Well, capital gains is now 28% I believe thanks to GW. You can also claim $3000 per year in stock market losses.

To all the haters... I haven't really been a fan of meta, due to his previous irritating posts, and his fellow studiocash' poster but....

One thing you haters are failing to realize is, he took a shitload of time out of his day to make a post that MAY help some people, or atleast get them looking at investing...

it's his opinion what stocks, what methods, etc... You don't have to read what he says if you don't want.

But I dont see you cocksmokers making an informative post, so kindly shut the fuck up until you do.

Wrong or Right, he made an interesting post that may apply to some a good deal of the people here, and it was actually an interesting read.

There is a difference between Long-Term capital gains and Short-Term capital gains.

If you don't hold the security for at least a year before sale, the profit is consider a Short-Term capital gain and you are taxed at the same rate as your ordinary income (wages, revenues, interest income, etc.).

It seems to me your trading strategy would generate mainly ST gains.

I am not a fan of active trading and not a fan of technical analysis. As a portfolio manager who is a firm believer in passive investment strategies, I bite my tongue and wish you well in your trades. It is good you warned people about the risks of your trading styles and their potential losses.

However, you should have named the thread "The Daily GFY SPECULATION Thread." :winkwink:

28%??????? So if you make a gain, you have to pay 28% taxes on the gains? DJIEZES!!! :helpme

Now I see why you're looking for the big upside/high risk.

LawyersSuck - You are doing nothing to persuade people not participate in this thread and you being a prick. Let people make their mistakes. Leave!

Meta - what program /software do you use to test all stocks in the market and that allows for back-testing?

Thanks Drew, I appreciate it bro, I think that was a compliment :)

Right, all of my profits are short term capital gains.

I would agree with you about my trading style being of the speculative nature, and once again, if anyone has not noticed yet, I take alot of risks in my trading, so investor beware!

I user etrade's power etrade pro, it has level 2 and the whole works. there is alot of software out there, most of the well known ones are pretty good and will do the job.