Interesting.
I'll try it with a few hundreds bucks to see how it goes.
I've been happy lately when my portfolio clears 14% or more per year.
I'll give it a shot :thumbsup

Lmfao!!
 

One other thing to the people who did not read this other guys thread. He wrote he would not post penny stocks. That is all he posted. These are penny stocks. Now he will post the "meaning" of a penny stock from Google BUT a penny stock is considered any stock that is under $5.00. Not one institutional investor will even look at a stock that is under $5.00.

You guys are going to lose big time if you follow this guys advice. He does not know what the fuck he is doing. he is trying to make himself look.

Are you a millionaire yet ?

You are an idiot, and are no longer amusing either. I mean really. A penny stock is an OTC stock that is below $1. Do you want me to go get the definition again for you and post it.

You lost your first trade Vaso

You should tell us how many shares do you buy for every stock.

But cool post man :thumbsup

Wow, that's one big post!

How do you explain that for 2004 my portfolio went up 17.7% and I am a total retard when it comes to the stock market, when in contrast, mutual funds managed by multi millionaire fund managers with dozens and dozens of years of experience did not do as well?
So, as far as I am concerned, if anyone has a way to play the market with a profit, then it's worth a try, as long as you only use your play money. For me it's the same as going to Vegas and playing poker, at least with the stock market your odds are a little better if you plan a little bit. :2 cents:

Ok, let me clarify one thing on the 2% rule...THIS IS IMPORTANT: I was typing too much in the original and looking at it now, it does not seem very clear. The 2% rule takes effect not on the intraday, but on a CLOSE!!

So if I buy a stock, and it does not matter how the stock does in the intraday, the most important thing is the CLOSE! The close of a stock is the most important thing!! If it closes 2% below your entry point, then I sell it the next day on the open. I will not be selling VASO today, I will sell it tomorow if . And my entry on VASO is $1.25, thats where I got in as it moved too fast, so if it closes at $1.22 or below today, I will sell it tomorow.

Perfect thanks man...We will wait for the close hehe

Great thread keep it going Meta

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.