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Z_Fan
02-28-2008, 08:55 AM
LUN doing nicely today.

Mx6er
02-28-2008, 12:42 PM
Guys check out Connacher, hunting down 4 bucks today on halted trading news. Oil production now up to 5000 barrels a day at their great divide production!
i still think its cheap at these levels!
http://finance.yahoo.com/q?s=cll.to

Mckenzie
02-28-2008, 04:39 PM
^Yeah I saw that! MY HAT is still flying high as well right now. Up almost 200% in as many trading days!

Mx6er
02-28-2008, 05:23 PM
Wow, just read HAT's new release and results, it looks great.
Wish i got into that !

Mckenzie
02-28-2008, 06:25 PM
Actually the news is still pending- that was just a teaser of what is going on...could be huge...could be garbage but apparently the market likes whatever is coming.

Z_Fan
02-29-2008, 10:59 AM
Damn that IQW.

I bought 40000 shares yesterday at .225 and flipped it at .235 and then bought it back at .225 etc.

Today I was watching it do nothing trading at .23 and I decided to just try to flip it again and the damn thing sold at .235 and went up to .28 which is about $2000.00 in lost potential. Ugh. Very annoying.

Oh well, still made some money but I hate it when that happens!

Z_Fan
02-29-2008, 11:33 AM
Since I am a noob, I have some L2 questions for the pros.

Buy Orders
# of orders Shares Price

2 50500 0.445
6 94500 0.44
3 34000 0.435
4 20000 0.43
3 190000 0.425
4 78500 0.42
1 1000 0.415
2 37000 0.41
1 20000 0.405
3 14000 0.40
1 2000 0.395
3 13000 0.36
1 3500 0.32
1 5000 0.305
1 10000 0.27
1 6000 0.255
1 20000 0.225
1 10000 0.205
1 6000 0.19
1 30000 0.105

Sell Orders
Price Shares # of orders

0.455 14000 1
0.46 177000 7
0.465 60000 2
0.47 69500 6
0.475 40000 2
0.48 40000 3
0.485 27000 2
0.49 215500 7
0.495 47000 3
0.50 229000 9
0.51 100000 4
0.52 105000 5
0.53 30500 2
0.54 60000 3
0.55 112500 10
0.56 34500 5
0.57 53000 2
0.58 4500 3
0.59 3500 2
0.60 103000 8


This is a L2 on SNO from just now. If someone buys the 14000 shares at .455, is it likely that the bid will increase or is it likely that someone else will put in a sell lower than .46.

I'm having trouble really being able to analyse a L2 with any degree of predictability as to what will happen.

I have seen people take a stock that is trading lightly with not many shares on the sell at a good range (ie, only 100000 shares at .30 - .37 and so they buy them all up) And then suddently the stock starts trading like mad. But I've also seen that happen and those shares get snapped up leaving a gap of ask to sell of 0.08 (ie bid .30 ask .38) and the stock just falls down. Are there any real indicators inside a L2 which is really going to tell you the story of what it will do?

liquid1010
02-29-2008, 11:35 AM
Everything I've wanted to trade over the past month (but never had the available cash to do so), has gone up nicely.... and it's killing me inside. Meanwhile, what I'm holding has done nothing (except for GCA).

GCE.TO
LUN.TO
AAB.TO

:banghead: :banghead:

Z_Fan
02-29-2008, 11:36 AM
Buy Orders
# of orders Shares Price

2 50500 0.445
7 108500 0.44
2 20000 0.435
4 20000 0.43
3 190000 0.425
4 78500 0.42
1 1000 0.415
2 37000 0.41
1 20000 0.405
3 14000 0.40
1 2000 0.395
3 13000 0.36
1 3500 0.32
1 5000 0.305
1 10000 0.27
1 6000 0.255
1 20000 0.225
1 10000 0.205
1 6000 0.19
1 30000 0.105

Sell Orders
Price Shares # of orders

0.455 114000 2
0.46 177000 7
0.465 60000 2
0.47 69500 6
0.475 40000 2
0.48 40000 3
0.485 27000 2
0.49 215500 7
0.495 47000 3
0.50 129000 8
0.51 100000 4
0.52 105000 5
0.53 30500 2
0.54 60000 3
0.55 112500 10
0.56 34500 5
0.57 53000 2
0.58 4500 3
0.59 3500 2
0.60 103000 8

So someone just added 100,000 shares to the sell at .455. Why would anyone do that...

bigbadboss101
02-29-2008, 12:08 PM
Are you holding a few shares of SNO Z?

I have a few shares. Not sure if some are driving the price down to reload, or if it's market sentiment. Not much volume anyways. Potential is good so not sure why not more are jumping on board. My concern would be the price movement from .25 to what it is now has the built SP increase assume good NR. Will see.

Z_Fan
02-29-2008, 02:08 PM
I don't have many shares. But I do have some SNO.

Trying to decide if I should buy some more.

djayz
02-29-2008, 05:35 PM
Originally posted by liquid1010
Everything I've wanted to trade over the past month (but never had the available cash to do so), has gone up nicely.... and it's killing me inside. Meanwhile, what I'm holding has done nothing (except for GCA).

GCE.TO
LUN.TO
AAB.TO

:banghead: :banghead:

Same boat as you buddy except different companies.

I wanted to load up on 3 stocks that got hammered but had no cash now they are all up 30-40% :(

ohh well another opportunity will come. I still dont think the canadian market is convinced that america's problems arent ours.

invisibleman
03-03-2008, 08:55 AM
What are the chances SNO will come out with a release today?

Still a good buy?

Z_Fan
03-03-2008, 11:35 AM
HAT = :bigpimp:

Wish I had some shares. :rolleyes:

bigbadboss101
03-03-2008, 12:07 PM
No doubt. Now we wait.

invisibleman
03-03-2008, 12:07 PM
any thoughts on MTX?

Mckenzie
03-03-2008, 12:13 PM
Originally posted by Z_Fan
HAT = :bigpimp:

Wish I had some shares. :rolleyes:

Damn I should have tripled my shares at .50!

I bought in last year at 1.71 and would have sold if my account had transferred from one broker properly before this run as I was getting sick of it!

Hmm...when to sell now?

I also picked up another 5k of BUK and 2k of CAA this AM.

Baba8
03-03-2008, 02:13 PM
Kappa and Rat seem to have disappeared.

Z_Fan
03-03-2008, 02:19 PM
They're just hanging on to SNO waiting for the Diamond Count news release which should be late this weak, early next.

Very big play for Rat and I don't know how much Kappa holds but probably a lot too. Rat got about $146,000+ in that stock according to my quick calcs. Roughly.

So, you know, big news will be a big deal because he'll be buying drinks (and maybe car parts) for everyone in the thread. Right Rat?

Rat Fink
03-03-2008, 03:55 PM
.

Sasuke_Kensai
03-04-2008, 12:17 AM
Am I glad I got out of SNO today...

Mckenzie
03-04-2008, 08:24 AM
Wow premarket on SNO is horrible right now. I hope you faired ok Rat Fink. :)

Z_Fan
03-04-2008, 08:32 AM
Ouch. Rat lost close to $100,000.00 today.

*FUCK ME TWICE*

I lost a lot of money, about 30% of my portfolio.

*OUCH*

Z_Fan
03-04-2008, 08:38 AM
Pisses me off as I was going to sell SNO yesterday too. Just for a penny flip.

Wow. Would have been a BIG trade compared to what I am left with now.

Z_Fan
03-04-2008, 08:39 AM
Originally posted by Baba8
Kappa and Rat seem to have disappeared.

Early Suicide.

bigbadboss101
03-04-2008, 08:43 AM
Hmm, I am hoping they will come back shortly with another NR, and turn the tide.

BigMass
03-04-2008, 08:46 AM
Originally posted by Z_Fan


Early Suicide.

dont joke about that. If i lost that much i would either jump, or have already died of a heart attack.

Z_Fan
03-04-2008, 08:53 AM
Oh it's not that bad. I think Rat has only lost $89,000.00

Hey Kappa, how much did you have in that POS SNO?

bigbadboss101
03-04-2008, 08:57 AM
At this price might be good to get in. If I had some $ I would. Better news to follow IMO.

Canmorite
03-04-2008, 09:07 AM
Ouch.

Z_Fan
03-04-2008, 09:09 AM
This is why I should just stop trading all together. Cut the losses. Pay back the $50,000.00+ I have lost in the market.

bigbadboss101
03-04-2008, 09:19 AM
Yeah I lost over the past year about that amount. Better off playing the big stocks that are not so speculative or manipulatable.

Rat Fink
03-04-2008, 09:23 AM
what a crazy day!

roopi
03-04-2008, 09:25 AM
Back into SNO today at .17

Z_Fan
03-04-2008, 09:46 AM
I bought more SNO today too.

However, I will just point out the trend that occurred with CMX and GRW. The day after it's crappy news release, it opens way low, just like this day with SNO - then it creeps up a few pennies, much like SNO did hitting .20 - and then over the next few days, it steadily declines.

CMX and GRW now sit at the .10 range (roughly) to give you an idea of where SNO is going to be by the end of the week if it follows the same trend in trading price as those two tanking stocks did - and make no mistake, SNO has tanked big time essentially zero diamond count.

I'm not sure what I am going to do yet.

icecreamvan
03-04-2008, 09:51 AM
SNO is ridiculars.

Rat Fink
03-04-2008, 09:53 AM
.

Z_Fan
03-04-2008, 10:04 AM
Buy Orders
# of orders Shares Price

3 70000 0.19
9 149000 0.185
15 254000 0.18
13 208500 0.175
16 437500 0.17
20 332500 0.165
21 289000 0.16
12 292500 0.155
19 488500 0.15
8 155000 0.145
5 465500 0.14
2 35000 0.135
4 65000 0.13
3 60000 0.125
4 70000 0.12
2 27000 0.115
2 35000 0.11
4 125000 0.105
4 73000 0.10
1 11000 0.09

Sell Orders
Price Shares # of orders

0.195 144500 7
0.20 200000 14
0.205 145500 7
0.21 31000 5
0.215 81500 2
0.22 109000 6
0.225 8000 1
0.235 47000 2
0.24 12000 2
0.245 10000 1
0.25 205000 9
0.26 35000 2
0.27 10000 1
0.28 25000 1
0.285 35000 1
0.29 24000 2
0.30 232000 8
0.31 12000 1
0.32 21000 3
0.33 10000 1

A whole helluva lot more people wanting to buy than wanting to sell. Price might just recover to low 20's or am I reading this all wrong?

Yeah see now people are filling in the asks at the .20 and .21 range probably people flipping today's cheap shares from the AM

bigbadboss101
03-04-2008, 10:06 AM
Hey where did my .64 sell order go? Yuk yuk.

Webbroker is broken temporarily.

roopi
03-04-2008, 10:10 AM
Out of SNO at .19 that 's enough for me for now.

Z_Fan
03-04-2008, 10:15 AM
^ I'm trying to get out at .20. :D

bigbadboss101
03-04-2008, 10:17 AM
.03 flip? What to do is the magic question.

May be when Webbroker is back up it would be back to .44, after an adjustment NR.

I did say magic. Just being cheerful on a kaboom day.

Rat Fink
03-04-2008, 10:18 AM
.

Z_Fan
03-04-2008, 10:22 AM
Yeah, someone did just that - maybe you. It sold half my shares at .20 and then someone put up a sell at .195.

This is just what I am flipping from this AM. I'm keeping my original shares for now.

Z_Fan
03-04-2008, 10:24 AM
Wow, someone just ate up all the shares at 0.20

:rolleyes:

icecreamvan
03-04-2008, 10:25 AM
Originally posted by Rat Fink


haha, is there a LOLcat that can describe this moment?

I'm out at 11% loss. On to the next pump and dump.

http://www.plasticshards.com/images/lolcat_staredowncat1.jpg

Rat Fink
03-04-2008, 10:25 AM
.

bigbadboss101
03-04-2008, 10:37 AM
Hmm is this normal? Before open I put in a buy of 20,000 at 0.22. When I got in and checked it filled at 0.155. Anyways activities showed $3109.99 spent on those 20,000 shares even though by bid was 0.22.

So I sold those shares at 0.21. I either made .055 on a share, or lost a penny with that sell.

Rat Fink
03-04-2008, 10:40 AM
.

bigbadboss101
03-04-2008, 11:43 AM
What r y'all buying today? Need to make back the xx,xxx.xx we lost.

Mckenzie
03-04-2008, 11:50 AM
I guess SNO-wned would be the appropriate term for today. Hopefully lesson learned for some. :D Really glad I did not buy the pump at .30 or .40.

In other news, interest rates cut by .05 today...should be nice for people paying down debts and looking at borrowing.

Mckenzie
03-04-2008, 11:53 AM
Originally posted by bigbadboss101
What r y'all buying today? Need to make back the xx,xxx.xx we lost.

I'm still accumulating BUK and also looking at adding more TAM and CAA. I have positions in all 3 right now.

icecreamvan
03-04-2008, 11:54 AM
Originally posted by bigbadboss101
What r y'all buying today? Need to make back the xx,xxx.xx we lost.

http://www.joe-ks.com/archives_dec2004/CrappyNoodles.jpg

BigMass
03-04-2008, 12:22 PM
Originally posted by bigbadboss101
What r y'all buying today? Need to make back the xx,xxx.xx we lost.

http://www.welcome.city.sapporo.jp/english/info/yen.jpg

http://www.expressgoldltd.com/images/SuissGoldBar.jpg

Canmorite
03-04-2008, 02:12 PM
Gold got fucked today too. Same with most commodities actually...

Z_Fan
03-04-2008, 03:07 PM
Super bad day for me. About 35% of my total $$$ in stocks has gone missing today. Everything I own is red. Hell, everything I watch is red.

icecreamvan
03-04-2008, 03:13 PM
Sounds like a good reason to have a pub night.

RX_EVOLV
03-04-2008, 03:33 PM
ouch on SNO, thats why I stay away from any Diamond play or Jr oil exploration play.. too much of a hit and miss, but of cause if they do hit easy 10 baggers. I say you guys should just move onto the next play, Greed and Fear will kill ya.

right now i'm keeping my eyes on a few such as CAA, VMS, TAM, IXS...

CAA is my fav right now, they are going to court w/ hudbay right now as we speak and imo they will win.

TAM finally got the approval and just a matter of time before they offically get the permit from the minister....

VMS is pulling up some great numbers, w/ the latest hole pretty close to the discovery numbers ( but not quite). But their $1.50 pp shares are becoming free trading this Friday I believe

IXS-- still doing my DD on this one

natejj
03-04-2008, 05:47 PM
I was pretty close to picking up SNO, but decided against it, after that initial run up, just seemed to good to be true. I dodged one for once, wow! I'm playing GUL and DJI right now. DJI is a keeper.

Canmorite
03-04-2008, 05:54 PM
Originally posted by Z_Fan
Super bad day for me. About 35% of my total $$$ in stocks has gone missing today. Everything I own is red. Hell, everything I watch is red.

What % of your portfolio are you risking per trade?

Z_Fan
03-04-2008, 07:14 PM
^ Too much. :rolleyes:

Before I got into SNO, I was only playing with about $30,000.00.

I had put $12,000 into SNO.

So that was 40%.

But I have others that lost big today too. Go figure. I've been in 2/3 of the big recent scams. CMX (in), GRW (out) and SNO (in).

SNO is an absolute SCAM imo. You could dig up my backyard and have a better looking results than their sample! So, total BS IMO. Which is why that stock is completely worthless. :thumbsdow

Rat Fink
03-05-2008, 12:38 AM
.

Rat Fink
03-05-2008, 10:16 AM
.

Canmorite
03-05-2008, 10:16 AM
Originally posted by Z_Fan
^ Too much. :rolleyes:

Before I got into SNO, I was only playing with about $30,000.00.

I had put $12,000 into SNO.

So that was 40%.

But I have others that lost big today too. Go figure. I've been in 2/3 of the big recent scams. CMX (in), GRW (out) and SNO (in).

SNO is an absolute SCAM imo. You could dig up my backyard and have a better looking results than their sample! So, total BS IMO. Which is why that stock is completely worthless. :thumbsdow

You said you bought $12,000 worth of stock, but how much were you risking? The whole $12,000? Were you using a stop? I don't know what your entry/stop was on SNO, so I'll use another example.

If X is trading at $20.00/share, and your stop is placed at $19.00, your risk per share is $1.00.

If your portfolio has a balance of 50K (no margin) you should risk no more then 2% of your balance per trade. 1-1.5% is ideal.

2% of 50K is $1000. Therefore, with the trade above, risking $1.00 a share, you could buy 1000 shares (plus commision and slippage) and still be only risking 2% of your portfolio.

Of course with pennys' risk/reward isn't always great, and to make good coin you need to go in larger. Modify that formula if you need to.

Maybe that doesn't help you, or you already knew it. Others can adopt this method as well :thumbsup:

RX_EVOLV
03-05-2008, 10:28 AM
i dont think a stop loss would've help him save too much w/ SNO opening at over 50% lower the next morning the next day

Canmorite
03-05-2008, 10:58 AM
Originally posted by RX_EVOLV
i dont think a stop loss would've help him save too much w/ SNO opening at over 50% lower the next morning the next day

No, but you have to plan for shit like that especially in pennies. Personally, thats why I don't play them. If I do, I'm in and out within the same day.

invisibleman
03-05-2008, 11:22 AM
Originally posted by Rat Fink
Just curious,

Any of you boys holding IQW for the earnings release?


I'm holding IQW, crossing my fingers.. lost quite a bit with SNO

bigbadboss101
03-05-2008, 12:10 PM
From Canaccord:

Snowfield Development (SNO : TSX-V : $0.19), Net Change: -0.27, % Change: -58.89%, Volume: 16,691,421

A diamond (company) in the rough. As opposed to the fairway. A flurry of selling drove Snowfield's share price down by more

than 50% yesterday, after the grass roots diamond explorer announced initial results from the Saskatchewan Research Council

laboratories with respect to the processing of 1,044 kg of kimberlite from the top sill level of the Mud Lake kimberlite.

Obviously investors chose to jump ship instead of waiting for the balance of the results, (519 kilograms) being processed at

DeBeers Johannesburg, South Africa diamond recovery facility, to be released. The company said these results are expected in

late March or early April, 2008. The Mud Lake kimberlite is part of Snowfield's Ticho Diamond Project, located on Great Slave

Lake, 55 km South East

Z_Fan
03-05-2008, 02:03 PM
Originally posted by Canmorite
You said you bought $12,000 worth of stock, but how much were you risking? The whole $12,000? Were you using a stop? I don't know what your entry/stop was on SNO, so I'll use another example.

I'm normally not holding penny stocks very long - but I had no opportunity to sell with a stop loss in this case anyhow. So, I'm simply out $7,200.00 overnight.

Rat Fink lost a lot more. Maybe he can tell you exactly. But I estimate it to be $70,290.00 give or take a couple grand.

I generally will put in stop losses the second I get a fill. However, on SNO I didn't have one. But it wouldn't have mattered.

I've found that the only trades I am successful on is small flips for a penny or two. Using volume to generate profit. All my huge losses have occurred where a HUGE drop in stock value happens at halt or overnight after a news release screws things up.


Originally posted by Rat Fink
Just curious,

Any of you boys holding IQW for the earnings release?

I have some.

RX_EVOLV
03-05-2008, 02:23 PM
i dont have the balls to touch bankruptcy play :nut:

Z_Fan
03-05-2008, 02:32 PM
I have lost so much money, the last bit of money I have in the stock market makes little or no difference when compared to the big picture of what I have lost...

bigbadboss101
03-06-2008, 01:35 AM
Where is Kappa?

icecreamvan
03-06-2008, 08:24 AM
The worst part is that I could've used the lost money to help out starving students. :(

http://forums.beyond.ca/showthread.php?s=&postid=2336287#post2336287

bigbadboss101
03-06-2008, 11:39 AM
CMX getting pumped?

liquid1010
03-06-2008, 01:03 PM
Originally posted by bigbadboss101
CMX getting pumped?

I was just about to ask the same thing.....

Rat Fink
03-06-2008, 01:53 PM
.

bigbadboss101
03-06-2008, 04:07 PM
Folks, don't fall for hype and pumping from people you don't know. Do your own DD. I was foolish enough to go for SWVC, CMX, GRW, and SNO based on speculation and hype. $105k went to $68k and down to $38k in a hurry. Takes a lot longer to go the other way.

Z_Fan
03-06-2008, 04:15 PM
So you've lost $67,000.00 in the last 12 months then. (or so)

Wow. Someone who is doing as well as me!

Shaolin
03-06-2008, 04:20 PM
I wouldn't say anybody would be foolish when they choose to play these kinds of stocks. Was it the fact that you guys were making money on the stock but didn't sell and hoped it'd shoot up more? or bought in too high and didn't even make 1 penny point on the stock?

I meanthose stocks listed DID go up, some of them WAY up.. so either it was bought too high or didn't sell in time..

bigbadboss101
03-06-2008, 04:25 PM
Yeah, I still have some stock but will try to get out, pay some bills etc. Will invest in other things, put some $ into the house, put $ into a 2nd house, other investments etc. Better bang for the buck. Fortunately the job pays well so the losses doesn't sting as much. Nevertheless, many other places for the $ to go instead of in the stock market.

rc2002
03-06-2008, 04:25 PM
Originally posted by bigbadboss101
Folks, don't fall for hype and pumping from people you don't know. Do your own DD. I was foolish enough to go for SWVC, CMX, GRW, and SNO based on speculation and hype. $105k went to $68k and down to $38k in a hurry. Takes a lot longer to go the other way.

:werd: I lost quite a bit on GRW and on BWR as well for the same reasons.

Rat Fink
03-06-2008, 04:26 PM
.

Z_Fan
03-06-2008, 04:27 PM
All my huge losses have been the result of holding for too long. In most cases going from being up a few thousand dollars at close to down ten thousand dollars at open...

Generally news released at NIGHT which caused a serious loss on open is the culprit. No opportunity for a stop loss to work.

bigbadboss101
03-06-2008, 04:28 PM
Originally posted by Shaolin
I wouldn't say anybody would be foolish when they choose to play these kinds of stocks. Was it the fact that you guys were making money on the stock but didn't sell and hoped it'd shoot up more? or bought in too high and didn't even make 1 penny point on the stock?

I meanthose stocks listed DID go up, some of them WAY up.. so either it was bought too high or didn't sell in time..

Certainly, could have sold for gains on every stock. True.
I am doing little flips now. But lot easier to make nice gains with 100k as compared to 30k.

Rat Fink
03-06-2008, 04:33 PM
:D

bigbadboss101
03-06-2008, 04:39 PM
I still have 135,000 shares. Hope for a miracle. I want to be A Winner In A Losing Game. Then I am getting out of this game.
If I had a wife I would be sleeping in the furnace room for a long time.

Rat Fink
03-06-2008, 04:41 PM
.

bigbadboss101
03-06-2008, 04:48 PM
Kappa is having champagne with the management?

BigMass
03-06-2008, 04:53 PM
Originally posted by Rat Fink


My plan is to raise as much cash as possible on other trades, and try and jump back into SNO with more shares than ever....ride the next wave of speculation when it comes, and sell out. Rebuy if the news ends up being good.

i know you were thinking of quitting your day job to day trade full time. Now that's probably out the window, but in the future i was thinking it would be nice to have a full time chatroom and ventrillo set up to center around a calgary/beyond daytrading group. It would be a small group with serious traders trading full time that could also meet up in RL one in a while.

With Ventrillo it would almost be like everyone is working in the same firm, but online

AndrewMZ3
03-06-2008, 05:37 PM
Originally posted by BigMass


i know you were thinking of quitting your day job to day trade full time. Now that's probably out the window, but in the future i was thinking it would be nice to have a full time chatroom and ventrillo set up to center around a calgary/beyond daytrading group. It would be a small group with serious traders trading full time that could also meet up in RL one in a while.

With Ventrillo it would almost be like everyone is working in the same firm, but online

Beyond Hedge Fund

Rat Fink
03-06-2008, 06:29 PM
.

Canmorite
03-06-2008, 08:38 PM
Thats awesome. Good for you Rat :thumbsup:

BigMass
03-06-2008, 10:08 PM
Originally posted by Rat Fink


Funny you mentioned this.....I'm actually writing the email to my boss tomorrow morning to quit. Gonna move to Lethbridge and try the full time gig anyways.

With where I'm at for my trading account, I need a 6% increase every month to equal my income at work (taxes taken into consideration).

Gonna do it! I trade better hungry anyways. Will keep me from stupid decisions. I won't be able to buy the plane I wanted right now....but will have money to trade full time for sure. Every time I trade "hungry" I always whip my account back into the big dollars....it's as soon as I feel comfortable/secure that I get fucked. Now I'm going to force myself into a situation that makes me trade hungry every time.

I won't be giving him a 2 week bail date....but will work with him to figure out a decent time to leave.

I need to get out of the Hat. I'm going crazy here. I'll probably take up a night job for a little more security until my trading picks back up, but TOMORROW IS THE DAY!!!

When I go full-time I am definately up for setting up a chat room. I know a couple full-time traders who will be up for joining in as well. Right now it's sketchy for me to be on it while I'm at work.

that is awesome dude. I wish you all the best. I have the same thoughts, but you have more balls than i do.

Why Lethbridge though? I was/am considering moving down near Huston where i can get back into the oil and gas industry if needed, but i can also buy an awesome house cheap near the Ocean. Thats the great part of being a trader. You can live anywhere. Not to mention the US has much more variety when it comes to online brokerages.

djayz
03-06-2008, 10:10 PM
Congrats Rat! and Good luck!

Don't leave this thread as you are by far the most entertaining poster haha. Sometimes you have my balls sweating from your trades.

BigMass
03-06-2008, 10:23 PM
Originally posted by Rat Fink


My plan is to raise as much cash as possible on other trades, and try and jump back into SNO with more shares than ever....ride the next wave of speculation when it comes, and sell out. Rebuy if the news ends up being good.

honestly, with the amount of money you have you could be really successful day trading. Buying and holding penny stocks is like tossing your money around in a Casino. Daytrading and Swingtrading using technical and fundamental analysis playing sound stocks can earn you a nice return.

For example, i pretty much only tade $5 and up NASDAQ stocks that i can judge trends on based not only on the individual stock, but on the overall market trend. Not to mention so many others trade NASDAQ that you can always find good people giving out tips and watchlists (obviously do your own DD). Trading non shitty penny stocks also gives you the opportunity to short and trade different spreads with a combination of stocks and options.

With the amount of money you've made, partly skill and partly luck, i'm wondering why you still stick to the lottery ticket penny stock plays. You’re a smart guy and could really put that money to a better full time trading strategy.

djayz
03-07-2008, 05:48 AM
Originally posted by BigMass


honestly, with the amount of money you have you could be really successful day trading. Buying and holding penny stocks is like tossing your money around in a Casino. Daytrading and Swingtrading using technical and fundamental analysis playing sound stocks can earn you a nice return.

For example, i pretty much only tade $5 and up NASDAQ stocks that i can judge trends on based not only on the individual stock, but on the overall market trend. Not to mention so many others trade NASDAQ that you can always find good people giving out tips and watchlists (obviously do your own DD). Trading non shitty penny stocks also gives you the opportunity to short and trade different spreads with a combination of stocks and options.

With the amount of money you've made, partly skill and partly luck, i'm wondering why you still stick to the lottery ticket penny stock plays. You’re a smart guy and could really put that money to a better full time trading strategy.

Agreed...even some stocks on the TSX have mood swings of 5-10% daily. Ive been thinking of working on this strategy myself but just can't commit the time or money at this point. But I can see making 3% conservatively a day a piece of cake for you.

Rat Fink
03-07-2008, 07:07 AM
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icecreamvan
03-07-2008, 09:16 AM
I'm getting pwned by LLL. :(

liquid1010
03-07-2008, 09:37 AM
Good luck with the FT trading fink! :D

Rat Fink
03-07-2008, 10:00 AM
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