Trader advice.... Friend or Foe

So as I watched the conversations between traders in a popular stock forum today, I thought to myself  "Is this poor new guy actually taking this guys advice?"
What you need to understand is all of those people are there to make money in one way or another. What I generally do when offered "advice" or "insight" on trading or information about a stock is take that info and go dig deeper for myself and research whatever nugget has been given to me. I'm not saying everyone on these forums is out to get you but what I am saying is MOST are really in it for their own interests.
Lets say for instance that Joe trader has shorted a stock and he needs to cover but the stock is resisting and is going up therefore costing him money. He may go into that stocks trading board and start giving "insight" that may cause traders to run scared and sell or cause a panic making the price per share plummet. If you are the inexperienced new guy you may buy his line and sell your stock at a considerable loss thinking you have made a bad play when actually all you have done is buy this guys crap.

I say double check everything people say on those boards as alot of people dont ever bet on a stock going up, they bet on it going down. The bashers out there are usually self proclaimed authorities that really are just trying to trash the stock so they can cover their short.

Do your OWN research as you are the only one responsible for YOUR OWN money .

FREE Stock Trading Tools 101, my favorite busystock.com

I have been talking about FREE sites you can use to practice trading on and eventually use when you stop paper trading.  I will start with one of my favorite sites today.  It's called busy stocks.  The link you can check out is:  http://busystock.com/  It has a stock Screener, Top stocks running by percentages, Pivots, Industries runners in all indices, ETF's, Earnings, and Forex. It lists all tiers of trading, so what ever is your forte, you will find it there.  I have the top 100 market hour gainers and losers bookmarked on my browser for easy access and check it out frequently throughout the day.  I wanna know who is hot and who is not.

http://busystock.com/stocklist.php

This is what it lists on their site for FREE:

BusyStock.com is an emerging provider of financial service with a distinctive approach. BusyStock.com offers a fresh perspective beyond what traditional data can reveal.

You can even do an executive search.  Remember I always like to know who the CEO is of a specific company when I do my due diligence.

If you like looking at a heat map of stocks, they have a very user friendly one.  The colors are much easier to look at and figure out than some other sites I have seen recently.

• Stock Screener: Cover 28,000+ stocks with 100+ criteria to filter/sort. The best stock screener on the web.

• Earnings Research: Multiple filters on Earnings Calendar and 10+ years earnings history data for stocks;

• Pivot Points Calculator: One click Pivot Points Calculator with auto data entry and Grouping Feature;

• Cloud500: Track S&P500 real-time! Monitor sector rotation and strength at the minute it happens;

• Market Movers: Track pre-market, after-market never been easier;

• Day-trading Indicators: Some unique trading indicators, such as 5-day high/low, 20-day hig/low, open gap, change from open, various moving average comparison, ATR, RSI, Williams %R and MFI, all sortable and filterable.

Whether you are a novice trader or an amateur investor seeking to greatly improving your skills or a seasoned veteran needing more insight for your trades, BusyStock.com will provide those benefits for you.

It is a very cool FREE site tool, so check it out.  I can't stress enough how important finding Free tools is when they are available to you and seeking to greatly improve our skills.  Use them to the fullest and profit more.  That is the most important thing, always profit.  Whether it's 20%, 30% or 50% that you are looking for, figure in all the bottom line fee's and costs.  Figure out what kind of trader you are and stick to it.  STICK to a plan.

I will continue to pass on the FREE stuff to you so keep checking back.  Until tomorrow, Happy Trading!

Pathetic Promotion this week on LDPP

The pathetic forum post's I am seeing on LDPP is people patting themselves on the back. Feeding off each other because they knowingly took advantage of the Newbies, sounding like Tarzan and beating their chests.  This makes me sick.  Even if they didn't have anything to do with the play, they jump on the band wagon and say they did because they are thinking about their next play and how much they can make off who they think are Stupid people the next time. Claiming gains to prove they are the next big play is a huge joke.

The last post I read was Friday:

A bang?  A bullet does the most damage when they hit the target they are aiming for.  The faster something loses momentum, the more force it produces.  Get where I am going with this?  The damage was done when the primer was added to the bullet at the onset, hence front loading the stock.

I read a post that said this:

Obviously someone leaked the play for their own personal gain...

When so many promoters, which I found 12 so far, jump on a play, it does not work out so well.  Each and every one of them are in it for personal gains.

Take a look at the data where LDPP went from not trading and the front loading started:

These are things you need to discipline yourself into looking at before you invest.  This information was found reading forum boards and going to http://www.otcmarkets.com.  You spent hours earning you hard earned money.  Take the time to invest it well. 

The chart below is with a 50 moving day average.  Remember I said a couple weeks back that if the stock falls below the 50 M/A she's gone?  You can see by reading the times and sales that some gained but a lot are bag holders.  They didn't take the time to do their own due diligence and got caught up in the hype of the next best thing.  Keep EMOTIONS out of stock trading, period!

This is the 2 day chart of the play.  "Gapped and Trapped" at the get go and went flat.  A picture states a thousand words.

flat and closed -54%

Saw a big post this morning on the next best biggest most awesome trader tool ever.... Big surprise that it was from one of the worst predator pump and dump promoters and all that the site is designed for is to harvest your email so that they can sell you on a list to either another pump and dump promotion or to one of their sister sites that they like to hide in hoping you do not realize that the leopard has tried to change his spots again to trick you into trusting him. I have been on the site they are pushing and it is merely a collaboration of all the tools you already have available to you if you dig a little. Remember hard work yields fruit and you always get what you put into something. The promoters first sentence in his post touting his new site says, After all the HYPE here it is..... See??? They feed on hype. If you are not getting the big picture on promoters... stay tune, I will be watching, learning and posting.  Play it smart and until Monday do your due diligence, Happy New Year and see ya next year.

What to do when the Stock Market is closed... Due Diligence!

Here we are after a long weekend and you find yourself with another day without knowing what to do when the stock market is closed... Work on Mastering DUE DILIGENCE.  This is a huge subject, so today I will concentrate on some basics. Keep in mind what expectations you have and what percentage you want to profit on a stock.  Always have a plan and stick to it, so Get a pen and piece of paper out and keep notes.

Look at the stock chart first to see if there is potential gains.  Does she have a volume trend, does it look like its been front loaded?  What are here daily averages compared to what she did last Friday. Look to see what the stocks support and resistance is.  If you are in doubt and just learning you can find helpful hints on http://www.ddmachine.com/ until you find your niche.  Everyone has there own opinion on stock chart reading and eventually you will have you own.  At this point if you find she is worthy to continue you can.  This can be your jump off point and decide whether or not to waste anymore time on the company.

Go to http://www.otcmarkets.com/home and check out the information listed there.  Remember it is not always updated so Google for more info.  Check out her website for product market potential, the stocks financials, news, quotes, charts, and even insider trader on this site.  Read EVERYTHING!  It is your money, so make it work in your favor.  Familiarize yourself with the stocks latest 10Q or 10K.  Start at the top and look through everything.  Here is a list to help you get started.

Is she Compliant with sec filings? Is she up to date?

Read her financials (this is basic, eventually you will learn to understand more)

- Is there an unambiguous and complete explanation of the revenue streams?

- How good are the cash flows?

does she have cost of goods?

does she have revenues?

- How accurate is the valuation of their assets?

- Are there any hidden liabilities?

- Are there any irregularities in the financial statements?

- What is the company’s history with financial compliance?

- What have the auditors said about the company figures over the last few years?

- Have authorities conducted any tax related investigations into the company’s finances?

- How reliable are the financial projections?

- Have terms and duration of the overdraft and other credit facilities been disclosed and is there any risk to those facilities continuing?

- Have all articles of incorporation, tax registration certificates, board meeting minutes, shareholding records etc been provided?

- Are there any pending legal cases or threats of action (and has potential damage been quantified)?

merger’s?

This will take some time to master, so be patient.

This is my favorite part of due diligence, Google the CEO!  Finding the dirt on some can be very interesting and you will find they have many webs to weave.

That should keep you busy until next time.  I will continue to write on this subject, so stay tuned!  Have a great reading day and be prepared for the markets to open tomorrow.


In the business world, the rearview mirror is always clearer than the windshield.
Warren Buffett

The Beginning.....

Well here we go with the first post. I think for this post I want to layout what I intend to accomplish with this Blog. I hope to be able to inspire others to utilize their god given talents and find the finer things in life. Through my 44 years I have been blessed with many experiences (Good and Bad) and have taken lessons from each one. One mantra I live by is be true to yourself. I cant possibly help someone else truly if I am not helping myself.
I have to do the things necessary to take care of myself. My business success comes from how I look at myself and how I present myself to others. I am one of those first to work last to leave kinda guys. I am also a shirt tucked in with a belt on always. How others look at me in business is up to me. Its all in the presentation. I also hope those of you who read and follow this learn the power of positive thinking and how far it can carry us through difficult times. I believe my successes dont define me its how I get through my trials and tribulations that define me. The glass is ALWAYS half full in my world. Focus on the positives and throw out the negative. Negativity is like a cancer that as it grows spreads quicker until it engulfs everything it comes in contact with.
I hope to be able to share with you how important doing things you like are in establishing your success. Success will be much longer lasting if you are engaged in something you like. You will also learn quicker and master whatever it is you are doing in a much shorter time. This is why I picked business and investing as my topic on this blog. I love business . I love the personal satisfaction I get when my hard work and dedication pay off through a successful business. Take this blog as your tool. Sugar Free of course.......