Your $2700+ ($PMCM) Day is Waiting for You!
First off, let me just say that I’ve been trading ONLY about 7 months and still doing in part time. If I can do this SO CAN YOU! I’m not special in any way whatsoever!
I have been pounding table about $PMCM since it hit $.0018 and those who listened on last Thursday, banked today.
I actually put in some stink bid last week at $.0018 and luckily my order got executed. 600,000 shares. How I picked the (almost) bottom? Don’t ask me, I don’t know…I guess it was a gut feeling, intuition kinda thing…..
Please click the picture to blow it up so you see what’s what!
Before I got into how this big day happened for me, I would like to say a big thanks to @MountainTrades on Twitter who called the ticker weeks ago. Let’s give credit to where credit is due.
(This is by the way where I’ve learned kickin’ chart patterns before going long)
Even tough $PMCM didn’t do much back then I did see the volume coming in and how a nice long based was being formed.
Besides the pot sector is pretty much the hottest of all right now, all the tickers within move to a certain extent.
Subs are scary for some but when the sector is hot you gotta go with the flow!
How it all happened….
Called my watch list BEFORE the open (do you see $LATE and $PMCM there???) :
— Trade Alerts (@Akos_Fintor) February 18, 2014
So this morning $PMCM was already gapping but it came out kind of flat but about 2 hours into the day it started to blow up. I bought more shares ...was holding $1.3 million shares and sold into a spike sold all of it (I think at $.0037ish? ). Then when it dipped I re-bought another half a million shares and decided to let it run and I will hold unto it since I had some cushion from earlier gain.
That’s exactly what I did.
Sold 250k shares before the close so I currently holding another 250k overnight for a gap play.
Next up $LATF
I had been holding $LATF as swing play for about a week and honestly I can’t even remember where was my buy in. (I’m still waiting for profit.ly to transfer my trades from TDAmeritrade).
The point is I almost sold it on the top. Once it tanked I tried to dip buy it but since I didn’t pick the bottom (surprise, surprise! ) I lost about $80 or so. Cutting losses quickly is my only strategy against blowing up my account.
Once again, I’m still a rookie trader (THIS IS WHERE I STARTED)but I think what differentiate me from the the sheep is the willingness to learn to trade well instead of focusing on making money.
As my mentor said:
“Learn to trade well and profits will follow.”
And I also surround myself with winners like these guys so I can learn from the VERY BEST in the business!
Anybody can do what I do, all you need is the WILL!
Keep on tradin’!