3SOF

Amount: $3500
Start: August 1st, 2006
End: January 1st, 2007
Strategy: "Week-trading"- holding stocks from several days to several weeks at a time; trying to ride a few momentum plays; bottom-fishing; playing retracements (goes along with bottom fishing).

I may add another $1000 to this "basket" and play some month to month fundamentals but currently it looks like I will use technical analysis alone to trade with $3500

I have decided to start over again with some money and set a new target.  I'd like to make nearly $15,000 by New Years.  5 months to make a lot of good picks.  I will have money freed up on August 1st but until then I will post my watch list, charts, and analysis dealing with the picks that I will make.  I have a few hundred dollars now I might put into the market but I'm considering waiting until the larger sum becomes available to me.  Hope this time it works out  ;D

To everyone who reads this, please feel free to comment, ask questions, post charts, etc. dealing with the stocks I am watching or suggestions that you might have.  I am still fairly new to the stock market and could use all the help and suggestions I can get.  I still feel like I have a little bit of information to contribute so if you'd like to ask a question I'd be happy to answer... especially to elaborate on analysis I have already done.  I am not at home now so I cannot post my first round of picks/charts but when I get home tonight I will start a new post with a few stocks to watch and charts for the ones I like best.

Hopefully everyone can learn a little something from this experiment and we can all make a little money.  Sometimes I will even use the 3SOF stocks in my portfolio so if some of my picks look familiar, you'll probably be able to find them there.

For now, over and out  8)

Alright... time to add a bit of information.

1) I will be trading stocks that range from $1-15 in price.  The only exceptions will be stocks that I have already analyzed as of now (eg. SWIR or NVTL) that I feel have value in my "portfolio" or stocks that move above $15 a share during the next 5-6 months.

2) I will probably not be trading pinks or OTCs because of my inexperience with those securities.  I would like to make a bit of money in stocks that I know before I lose it in pinks and OTCs  ;D

3) Charts will be posted here periodically but more often than not I will link to topics in the stock picking forum where I have already posted my charts and analysis.

Again, I hope that you will leave your suggestions or questions here as this trading plan begins to unfold.

The first step... identifying possible trading opportunities.

I have divided my lists into several categories... ST (short-term), MT (mid-term), LT (long-term), and ?

ST are stocks whose charts suggest that money needs to be put in almost immediately.  These stocks will have money put in them as soon as possible if I decide that is the route I want to pursue.  If the chart changes these stocks could drop to MT stocks.  At the beginning this list will probably be large but once a few trades have been made, I will try to keep the ST list to 5 stocks or less. Time Range: 1-4 days

MT are stocks whose charts suggest a slightly more cautious approach.  These are stocks that have developing patterns.  These stocks could turn into ST stocks or could drop off the list if the patterns/charts break down.  This list will be very long to begin with but stocks will move to ST or LT list or drop off the list altogether eventually. Time Range: 1-3 wks

LT are stocks whose charts suggest a pattern that needs a good bit of time to watch and decide on.  Usually these are stocks that will not be traded for at least 2 weeks but the potential for a good trade could arise.  More stocks will be on the MT list but the LT list could get fairly long too because of the potential for a chart to turn either positive or negative.  Time Range: 2 wks-2 mths

? are stocks that I have invested in that I am considering again and/or stocks that don't fit into any of the above categories.  These will usually be stocks that have no identifiable pattern.  Time Range: Indefinite

Currently the lists are:

ST:
ACSEF
AIRN
CAMD
CPWR

MT:
ASTSF
ASYT
ANDS
AXTI
BITS
BCGI
AMKR
SWIR
CYTO
CCOI
CNXT
CNCT
KRY
DDDC
DVAX
EFJI
EMIS

LT:
ARNA
ATEA
AVNX
AVII
BKHM
BWNG
CCUR
CRIS
DRTE
DTAS
DVSA
DRRX

?:
BGO
ANAD
CTLM
CAAS
CHDX
DSCO
DOVP
DYAX
ENCY

I have not done technical research for a long time so I am currently updating my lists as quickly as possible.  These lists will definitely be finalized by August 1st but several opportunities could be missed out on until then.

With the $300 I have available now I am considering putting money into:
SWIR, BCGI, ACSEF, AIRN, CNCT, or AMKR

Sounds like a fun project.

I'll be following your progress.

Good luck to you.

:)

Quote

Quote from: dwest718 on July 23, 2006, 11:43:51 AM

I have decided to start over again with some money and set a new target.  I'd like to make nearly $50,000 by New Years. 

a 50 000 gain is not realistic especially in this market..i would be happy with a 10 -20% gain till christmas (3sof has 10% so far this year; so you see it s not that easy)....and to make money you need money at least 30 000.-. not just 3000.-....commissions will eat up everything(my opinion). Good luck.

Have to agree with Ket. Seen so many people start a thread called 'start with $x end with $y. All of them have fallen by the wayside.

$3,000 doesn't give you enough flexibility to absorb a couple of losses (which will happen), so you'll have to have a fair degree of luck to begin with and hit some decent winners. You'd be best off holding no more than 1 or 2 positions maximum (i.e. 100% in 1 stock or split 50:50 in 2). If you take too mnay positions you'll only amplify your loss potential and dilute your gain potential. That's just reality mathmatics based on what you have to play with.

Well good luck.

Until I double my money I'll be holding no more than 3 stocks at a time... most likely 50-50 like you're suggesting Aussie.

Ket, commissions are only $7 a trade so I really don't think that's going to be an issue.

You can play this game when the market is in such bad shape and find plenty of opportunities.  There are going to be stocks that bounce 20-50% over a several day period and then be sold off again.  I know it'll take a good bit of luck... and is somewhat unrealistic... but that's how life and trading is sometimes  ;D

And then there are times when you get very lucky and find a stock like BCGI... 75-80% in a day does wonders to increase your portfolio value... However, I have taken your suggestions and thought about them and have decided to change my goal.  $15000 by X-mas.

hi,

good luck. trade on margin and you double your money. if you are going to risk it you may as well. hold only one stock. wait for a good penny stock. be patient . this can be done.
pull the trigger to lock in profit. don't wait for a stock to go higher.
the only thing i would say about your list of stocks  is it is too long, focus on just 2 or 3 volatile stocks and watch their action. jmo
good luck
maxi

Right now looking at CNCT, AIRN, EMIS, and CYTO as serious possibilities.  Thought about getting into BCGI this morning and actually was about to put a limit in at 3.25 but got scared off when the price fell from 3.30 to 3.15 in about 10 minutes.  Now it's at 2.80 or so... so looks like I made the right decision  :D

CNCT and EMIS are looking very, very good.  I'll probably post charts and analysis tonight after close... possibly do the same for AIRN and CYTO.

Happy trading everyone  ;D

Updated Lists:

ST:
AIRN
CAMD
CPWR
DDDC
DVAX
DTAS

MT:
ASTSF
ASTY
ANDS
BITS
AMKR
CCOI
CNXT
CNCT
KRY
CYTO
SWIR
EFJI
EMIS
BKHM
CCUR
DRRX

LT:
ARNA
AVNX
BWNG
CRIS
DRTE
DVSA
AXTI

?:
BGO
CTLM
CAAS
CHDX
DSCO
ENCY
DOVP
AVII
BCGI

I plan to post charts and analysis for several stocks tonight.  DDDC, DTAS, and CNCT are the most likely suspects.  CYTO, EMIS, and AIRN are also looking very good right now.  BCGI had a tough day today and the chart is very questionable but could turn to gold in a heartbeat.

The lists above will be updated later tonight as I complete more research.

Pretty solid day in the market today  ;D

EDIT: Here's the chart for DDDC.  I plan to link my analysis in "Stock Picking" later tonight.

SWIR, CNCT, and AMKR are moving a little this morning.  DDDC continues upwards.  Can't decide between CNCT, DDDC, and AMKR.  Think CNCT will give a little back because of mixed news this morning and DDDC and AMKR are not quite strong enough yet to put money in.  If DDDC gets a bit of a push above 2 (next level of weak resistance) this afternoon, I will consider trading it.  I have also added BCON to my ? list because of its status as a new 3SOF.

http://www.3stocksonfire.org/trading/index.php?topic=6340.0

Link to post in Stock Picking for CNCT.  Here is the chart anyway.

Bought 120 shares of DDDC @ 2.05.  Not much money in but not much risk either.  Contemplated AMKR, CNCT, or SWIR as well.  If DDDC can hold above 2.00 today, I'll be in good shape.  Even if it drops to 1.95 or so I'll be fine.  Stop on DDDC @ 1.82.  Already have 30 shares of SWIR @ 16.35 with a stop in place.  It was 15.17 at open on August 1st for purposes of this "portfolio."

Available cash: $28

Amount invested: $702
-120 DDDC @ 2.05 (Stop @ 1.82)
-30 SWIR @ 15.17 (Stop @ 15.20)

Unavailable cash: $3000
Total Amount: $3730

Market has thrown so many curve balls lately that it has become almost imposible to grow your portfolio from a seed to a tree.So I started a different strategy which seems to be working so far.I buy one stock with a sizeable start up, keep tight stops and carry the stops higher as the stock goes higher almost like a ratchet stop.Than at the end of the month pull out the  gains and start again.I find it easy to manage and a way to make supplimental income .I think I am going to stick with this plan as I have tried to turn 50000 into a million for the past 10 years, needless to say dream has a become nightmare a few times along the way.
Good Luck to you all

akclide... thanks for the advice  :)  I think I will see how this strategy works and if it doesn't then I will change to something similar to what you suggested.

I am editing some of the starting info to include a position I already have in my portfolio.  I will attempt to post charts and analysis for DDDC (and maybe for a few other stocks on my lists) tonight.

EDIT:  Here's the chart and a bit of analysis:

Positive:
-MACD cross and divergence
-RSI divergence
-Increasing volume
-Gap open and closed on top of short term resistance level today.
-Close near high of session

Negative:
-Closed just under a short term resistance level.

Neutral:
-Below 50dma
-Below 200dma

Good luck Dwest.

As I said before I think your position size is going to work against you. Your investment in DDDC is $246, your round trip trade cost will be $14 or 5.7% of your trade size. So your position will have to achieve 5.7% gain to enable you to break even (around $2.17 I think). So you might be spot on in your timing and analysis, but at the same time your position size holds you back.

Anyway I hope it moves to $2.50 zone for you that would appear technically the place to take profits.

I was about to say the same your trade amount is to small, the comm. will eat you alive. I would go all or nothing and aim for +5% moves. That way you will pocket +160 dollars a trade if it goes your way. Trade with a 10% stop loss?

I only had $300 to put in this morning.  I am waiting for some assets to be transferred from another account and then I will have a bit more.  As you see "unavailable cash" is $3000.  I should have that by August 1.  Then I will cycle by buying 2 stocks at a time at around $1200 a piece and selling for whatever profit I see fit  :D.  I just wanted to get into DDDC this morning because I think I see a pretty easy 25% and that will serve as the money to pay for the commission for 10 of my trades  ;D

I know small positions are bad... but that's all I could do this morning.  Normally I wait until I have at least $700 to put into a stock.

Dwest,
 
     You can achieved $3500 to $15000 very easily. trade all $3500 in penny stocks no diversification, that amount of money is way too small to diversify.

If you just folllowed the WWEN.pk thread this morning your $3,500 could turned $6,200 in a day, that's 80% profits in a single trade.

But trading in OTCBB exchange will need some extra cautions, I suggest trade penny stocks only when moving averages (50sma, 200sma, 200ema) are below the price.

I've been making tons of money recently in penny stocks... FHAL, PAIM, PAIV, & I'm currently gaining 96.42% in WWEN.pk... thanks to Lalitha ;)
Penny stock in my watchlist tomorrow is EVSC.ob ;)

Good luck on ur journey!! ;)

don't let 7$ each way fool you, once you pull the trigger, you're going to give the broker 14$ no matter what, yes even when the stock goes down.

I started with 8000$ and I've made about 50 trades within 6 months with Ameritrade at 10.99$ per trade (now 9.99). Thats $549.50, thats about 7% of my money used on commissions. So even if i net 7% for the 6 months (average for most mutual funds), I have only broke even.

You will be week trading so thats about 40 round trip trades (80 single trip) if you buy 2 stocks each week and sell them at the end of the week until New Years (5 months). 80 trades x 7$ per trade= $560. Which is 15% of your money if you invest with $3700. Most professional traders would be happy to make 15% in 5 months, which is about 36% a year. To reach your goal of $15000 after subtracting $560 in commissions, you'll need to gain 420%.

Yes, i know it'll go up faster once you make more, but if you lose on some early on, that 420% goes up way higher also. I'm not trying to bash your goal or anything, its a lot better than $50,000 but maybe still unrealistic. I would love to see you hit 15000$ and I'll be watching your progress and maybe pick up on a few of those week trades myself. Most people come into investing with high hopes, so did I. Just remember to set tight stops to minimize your risk, I've gotten burned really bad by not doing it.

Terliso's suggestion is probably the best, which is buying volatile penny stocks which go up 100%+ in a day, remember to get out early because the liquidity and execution for penny stocks is very poor. Really big volume is always a good final indicator that a stock is "safe" enough to buy into and get out in one piece. http://www.microcaptrade.com/ind/index.html is a good place to go, on the front page it displays the top volume stocks, play the ones that are going up (but not if it has been going up for more than a day or two. For stocks with A LOT of momentum, use the 3 day rule just to be safe.), don't try to catch the ones falling down because they fall hard.

Good luck and may the force be with you

Disclaimer: Everything i just said is my opinion, i am new at trading, words that come out of my mouth are wrong a lot of times. My calculations are based on my own numbers and probably erroneous, i was never good at math :(

Came up with another $100 or so... so updating my portfolio information and then posting and "updated" list of stocks... still havn't done much extra research but I've got a free day tomorrow and the weekend is coming so I should be able to put in 10-15 hrs and figure out a screener I like a little better.  Well here goes.

ST:
CAMD
ARNA
AMKR*
SWIR
BWNG
BGO
CAAS

MT:
AVNX
DRTE
DVSA
CCOI
CNXT
KRY
CYTO*
EFJI
EMIS
BKHM
BCGI
ANDS

LT:
DSCO

?:
CTLM
CPWR
DDDC
CCUR
CNCT

The starred ones are the ones I'm looking at hardest.  I already have a position in CYTO in another porfolio and it's looking good here... AMKR had a monster day today with great volume and a great candle/chart formation.  Don't have time to post the chart though.

And for the portfolio:

Available cash: $155.20

Open positions: $752.10
- 120 DDDC @ 2.05 (Stop @ 1.86)
- 30 SWIR @ 16.87 (Stop @ 15.80)

Unavailable cash: $3000

Total: $3907.30 (Start value = $3856.30)

Up 1.3%  YTD :D

Stop on SWIR moved just in case negative earnings report... not sure it'll help any but it'll still be there.

Moved my stop up to 1.86 from 1.82 for DDDC because I am a little worried about the chart and earnings tomorrow.  The chart is below.  MACD still looking good.  Volume fell off a bit but I think that is probably in anticipation of earnings tomorrow.  Chart still looks pretty solid but today's action is a little shaky... again I think in anticipation of earnings tomorrow morning.  Here's the chart.

Pretty bad day for me... DDDC beat estimates this quarter for earnings but had lower than expected revenues and guided slightly lower for earnings and revenues for full year 2006 with no guidance for next quarter specifically.

I got booted out at 1.77.  Dropped my stop at open to 1.80 so I could account for some earnings movement that I knew would happen.  Did not count on a 15% drop.  SWIR is having a rough day as well.  Getting some research done today so I'll have updated lists and portfolio status this afternoon.

those 2 positions you made so far are far too small, i'm guessing its because you are still waiting for the 3000$. You're paying about 5% of your gains just for the commissions on each of those 2 stocks. BGO looks good on your list, sharpeyed.com is pumping the precious metals thinking gold will make a rebound.

Quote from: rickjust on July 24, 2006, 09:13:37 AM
hi,

good luck. trade on margin and you double your money. if you are going to risk it you may as well. hold only one stock. wait for a good penny stock. be patient . this can be done.
pull the trigger to lock in profit. don't wait for a stock to go higher.
the only thing i would say about your list of stocks  is it is too long, focus on just 2 or 3 volatile stocks and watch their action. jmo
good luck
maxi

terliso is also right. wait for a good penny and take profits around 50 to 100%
easliy said ;D but they are there,
maxi

Quote from: hermanpu on July 27, 2006, 11:17:16 AM
those 2 positions you made so far are far too small, i'm guessing its because you are still waiting for the 3000$. You're paying about 5% of your gains just for the commissions on each of those 2 stocks. BGO looks good on your list, sharpeyed.com is pumping the precious metals thinking gold will make a rebound.

For the first point (about position size) .... yep  :D.  The position in SWIR was one I already had though so no commission per se on the buy end... that's already been factored in :D.  We'll see about earnings today.  DDDC wasn't too great.  Hopefully SWIR will be a bit better.

For the second point (about BGO) .... been looking into it since yesterday.  Still only have around 320-340 in cash available though.  Should be getting the other money by Wednesday at the latest.  I still like BCGI... the chart is looking better every day.  As of now... if I decided to take a position, it would be in one of those two (BGO or BCGI).

Quote from: rickjust on July 27, 2006, 11:36:57 AM
terliso is also right. wait for a good penny and take profits around 50 to 100%
easliy said ;D but they are there,
maxi

Don't know if I want to trade on margin but I will definitely start looking at pennies with high volume.  After WWEN the other day, they look pretty darn good to me  ;D

If anyone has any pennies to recommend, I'm all ears.  I've been taking a look at otcbb.com and looking for stocks with high volume and priced over .005 a share... but it hasn't helped much.

Quote from: dwest718 on July 27, 2006, 11:08:32 AM
Pretty bad day for me... DDDC beat estimates this quarter for earnings but had lower than expected revenues and guided slightly lower for earnings and revenues for full year 2006 with no guidance for next quarter specifically.

I got booted out at 1.77.  Dropped my stop at open to 1.80 so I could account for some earnings movement that I knew would happen.  Did not count on a 15% drop.  SWIR is having a rough day as well.  Getting some research done today so I'll have updated lists and portfolio status this afternoon.

When you bought DDDC it is already a bad stock, bearish stock a kind of stock that very risky to play with.
http://www.3stocksonfire.org/trading/index.php?topic=3878.0

Some traders say the "trend is their friend"....
& I say Moving Averages is my best friend.... ;) :D ;D

Quote from: dwest718 on July 27, 2006, 12:00:14 PM
If anyone has any pennies to recommend, I'm all ears.  I've been taking a look at otcbb.com and looking for stocks with high volume and priced over .005 a share... but it hasn't helped much.

LFWK.pk

Hey Dwest- Check my GPSN chart at the bottom of the thread here:

http://www.3stocksonfire.org/trading/index.php?topic=1466.0

If it gets volume watch out!!

WWEN was a money maker but pales beside IGAI today(wish I had got in). Only need a couple of those a year ;D

I think the trick with these stocks is to get out quickly if the momentum fades, don't think of walking away from your computer unless you can put in a stop.

Good Luck

Quote from: Terliso on July 27, 2006, 02:28:15 PM

Quote from: dwest718 on July 27, 2006, 12:00:14 PM
If anyone has any pennies to recommend, I'm all ears.  I've been taking a look at otcbb.com and looking for stocks with high volume and priced over .005 a share... but it hasn't helped much.

LFWK.pk

I think LFWK finished its move, but how about DTGP?

If you see a stock at its HOD (highest price of the day) with a lot of volume, at least a few million, its a safe bet, but you have to get out fast, take 5-10% and run with it.
Today IGAI.ob went up 1300%+ but ended the day with like 700% so you can see why you need to exit fast.
This is today's one day chart of IGAI.ob
To spot these, i recommend goto to http://www.microcaptrade.com/ind/index.html and the first page will list about 5 stocks that have the biggest volume, and try to buy the one that has gone up the most. Don't hold these stocks, watch them like a hawk on level 2.
This doesn't happen everyday, but all it takes for you to make your goal is 1 of these.
FHAL and PAIV also ran hundreds of percents last week.

I am a little embarrassed to update my portfolio... SWIR got destroyed AH... got bumped out of DDDC today for 15% loss.  Bought more SWIR as a longer term investment ... listen to the conference call and you'll know exactly why.  Here are some quotes.

"Expect decline in demand [from some larger customers] for some of our current products during Q3 as they prepare to launch next generation products late in the quarter."

"Expect pressure on financial results of Q3 but considerable growth in Q4 [because of this change]."

Guidance for Q3 was below estimates so the stock is down 35% AH but there is every indication that there will be a huge bounce in Q4 and into 2007.  Here's the quote that I love most (Around 36:00 minutes in):

"This [2006] is sort of a training wheels year... great percentage growth... but it's still small dollars, right?... We do think that 2007 will be a much stronger growth year."

Bought everything I could AH.  Ended up getting 30 more shares at 11.20 a pop.  That means I have 60 shares at an average basis of just over 9.00 a share.

My updated lists after a bit of research today:

ST:
TGC
CAMD
HDY
BCGI
BWNG

MT:
SCU
BGO
PTN
CAAS
CCOI
CYTO
AMCC
EFJI
EMIS
SFP
IPG

LT:
CGR
GBN
PRZ
MRY
CDY
HTI

?:
CNCT
DSCO
BKHM
AVNX
DRTE
WSTL
CNXT
KRY

I am planning to change my lists this weekend to something a bit simpler.  I will also update portfolio status tomorrow afternoon sometime.

MArket doen't like the 'Q3 will be bad but 2007 wil be great...honest' comment from SWIR.
Be careful Dwest SWIR after hours crashed through the 200 day support, as other tickers have seen before, the market is currently merciless when it wants to sell off post earns especially if there is a 'perceived reason' to sell it down. SWIR could head down a lot lower before it finds support.

It won't fall below 10.00 for sure.  But I don't think it'll fall below the 10.67 AH low it hit last night either.  It's around 11.50 premarket and that's with a downgrade that Piper Jaffray made to simply cover themselves.  I think it will end up being the same as Law's downgrade of Halliburton (the stock has been up more than 10% in the few days since).  We'll see though.  I have a stop to protect my profits and I'll go from there.  I've held the company for 15 months and I've been fairly good at predicting reactions but this one was ridiculously beyond my expectations.  Just goes to show how awful the market is right now.  Thanks for the advice aussie... and now I'll give you some.  If you can get an order filled at 11.00 you'll be in very good shape for the coming months.  Between sentiment and "expected" Q4 and Q1 '07 revenue/earnings, 50% will be chump change.  I'll post the link to the conference call later today... everyone should listen to it.

Anyone watching SWIR today... Hope someone got in with me in the low 11's.  GO SWIR!

So lost money on DDDC and SWIR... but put some back in SWIR and made a good bit today.  Up more than 13% on half my shares.  Down a little more than 20% on the other half :D... only lost $60 on a stock that fell 35% AH yesterday after investors panicked.

Here are the charts.  Check my posts in Stock Picking for SWIR to see latest analysis.

And everywhere I say tomorrow, I mean Monday  ;D

And an end of week update of portfolio value.  Still waiting for that account transfer to go through.:

Available Cash: $17.59

Open Positions: $762.00
- 60 SWIR @ 12.70

Unavailable Cash: $3000
Total Value: $3779.59 (Start value of $3856.30)

I'm down 2.0% YTD

majority of your 60$ profit is going towards commissions

Quote from: hermanpu on July 29, 2006, 12:08:49 AM
majority of your 60$ profit is going towards commissions

$60 profit?

I lost 60 bucks today but could've lost 150 if I wasn't smart.  It'll make more sense in a week ...  I just wanted to get my feet wet after at least 6 months of inactivity ... oh well if I lose 3 or 4 commissions in the process.

A few charts to show why I am happy with my postion in SWIR.  First the short term...

... then the long term in the next post.

Long term charts.

The transfer is taking much longer than expected.  All funds should be settled by the end of next week.  Then I will be much more active with my trading and posting.  Still holding the 60 shares of SWIR w/ stop @ 10.50.

It also looks like I have a bit more money available then I originally expected.  I will update my status and begin a much more active regiment on Monday the 14th (08/14/06).  Until then... happy trading  :D

Alright my account is finally settled how I want.  Currently I have a little more than 3k in cash available and 60 shares of SWIR.  I have much less time to research than expected but I still am monitoring buying opportunities.  Thinking of putting some money into TMTA or ARNA soon but not sure.

Have started looking for pennies every morning to try to catch a big gain but have only found a couple that were worth while and they both fizzled before I could put money in.  Will keep a very updated status starting Thursday or Friday.  Happy trading!

Alright... bought 600 shares of TMTA Thursday @ 1.18.  Now have 60 shares of SWIR and 600 shares of TMTA in addition to around 2000 in cash.  Scanning for pennies every day and also starting some more research on $1-10 that are technically attractive.

Bought 40 shares of DVIX today @ 20.19 following Ramsburg's advice.

Starting values:
600 shares of TMTA bought @ 1.18 (stop @ 1.03) - $708
30 shares of SWIR bought @ 11.20 (stop @ 10.45) - $336
30 shares of SWIR bought @ 6.89 (stop @10.45) - $207
40 shares of DVIX bought @ 20.19 (stop @ 18.00) - $808

$2060 initial equity price
$1600 in cash

Current values:
TMTA: 600 @ 1.19 ($714)
SWIR: 60 @ 12.60 ($756)
DVIX: 40 @ 21.60 ($864)

$2340 current value
$1600 in cash

Up 7.7% YTD

Continuing to look for a penny to put 1500 bucks into.  Any suggestions on the easiest way to find good penny stocks?

MTNA posible g-break out early next week, also very risky but AWYB is consolidting for a possibls punch up, low floater for a penny
Good luck, My track record on pennys is a bunch of bags!!
cheers joe

I have tried to post my day trading on the message boards before, so people can comment and give out advices. But it turned out to be a failed attempt because it draws my energy away from trading.

I think for $3500. You probably better off just hold one or two stocks. Don't bother trading it around. The commission will eat your profit away.

I think you can narrow down your list, pick one or two fundamentally sound company, buy it, hold for a while and then switch to another one if you want. Yes, hold one or two only. Hard to do, but you will be better off.

Hi Dwest718,
I just finished reading your thread.
My opinion may not matter much because I just started getting active here at 3SOF recently. I started getting active when I started the thread called "Daytrading with Consensus" (February 8, 2007).
I agree with most traders here that gave their advice.
When daytrading I would generally use 1000 shares. It is easier  to go in and out positions without getting killed by commisions.
My risk is 10 cents and my reward is at least 25 cents.
My goal for the day is to make at least $250.
I tend to choose the path of least resistance.
I look for stocks that has the 50ma on top of the 200ma on a weekly chart.
I have a list of these stocks in my file and add to them daily from the NASDAQ.com's premarket most active.
I look for stocks that has at least 15,000 by 6:15am my time (which is 9:15am ET).
I narrow down my candidates to ones that have a positive net price (open higher than the previous day's close).
My entries are normally after the market orders have been flushed out which is around 6:35am to 6:45am.
I usually look for stocks that have traded at least 25 cents above the open to see interest in that stock and to have the volatilty to get in and out.
That interest should be backed by volume.
I look for stocks that has a nice level 2 set up followed by block trades of at least 25,000 shares on the green.
I strongly believe that price and volume doesn't lie.
The time and sales prints that.
When following these criterias which is " Daytrading with Consensus", I'm normally successful with my trades.
The problem is there are (a lot of) times I deviate from it.
From what I've read, it seems like you're a bottom fisher.
I used to look for stocks that were at the lower level of the RSI, bought them, just to see it go lower.
Now, I still do bottom fishing, but on stocks that have a longer term uptrend.
I set my support lines to where I perceive there is strong support.
Set my alerts on.
When it reaches or it gets close to that level, I watch the 1 minute chart.
Most of the time,I don't get in until it makes a higher high after it had a momentum low( a big selling volume outside the B- of the bollinger Band).
This momentum low is normally at the end of the move after the stock tanks
(I usually look for a false breakdown from a tight bollinger band followed by a steep decline of the price).
The momentum low is where the rest of the bulls panicked and sold into support or a market maker that was waiting at the bid.
This huge volume of sellers soon realize that their volume didn't push the price down any further. Thus, the selling volume had capitulated (exhausted).
Sometimes, the capitulation occurs way before my support lines.
As soon as I see an opportunity on a stock I've been following, I jump in and set a mental stop right away.
I find myself repeating a lot of things that I wrote in the "Daytrading with Consensus" thread in here.
Just in case I got your attention, please visit the thread that I started in Personal Logs.
A lot of times, the detailed notes of my trades are on the Stock Picking Forum under the symbol's thread.
More and more I'm starting to get to know the Daytrader's of 3SOF.
It's nice to meet you. :) 8)
Hopefully one day our combined volume would push the stocks of the long term holders of 3SOF to the "tickle" spot where the shorts have to cover, the market maker gives way for higher prices, and the stock is  taken to the next level.
For now, instead of waiting to be a multimillionaire to budge the stock, I'll just go with the multimillionaire's and ride with them.
I'll side with them and take a little bit of profit for the little help I've contributed. ;D
Happy trading.

Ares