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Last night we had an awesome seminar,4hrs long with a few moderators staying in there almost 6 hours!
Next week we do the same thing.
I've got nothing but POSITIVE comments from many folks on how well it was run and how each of us mods tried to answer in detail every question on our method that was brought up.....
I never really responded to the negative comments here on the blog about us going pay because that's your opinion...and I'll respect that,even though many never understood the facts on this issue.
But 2 I will respond to right here are:
(1) We will lose 90% of our 300 chat base...watch,ok,anon,watch!
(2) To the lady who lost her respect for me...so be it,you don't know the facts,I'd like to say I care what you think...but since you don't know the facts...I DON'T
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12 comments:
where was this seminar?? I'm like the last to know everything... Anyone who talks trash for a man making has for SURE never made any money them selfs.
I missed most of the seminar but I read the transcript and it was great! Thank you and everyone else for providing your time.
You gave me an "aha" moment in that seminar about buying prehits. I've lately been struggling with my prehit buys, hopping in some of the wrong ones. Then you said something about the ones that are "ramping up" near the open versus falling near the open. I went back and studied the intraday charts on a number of them I played. Sure enough, I played some of the ones that had fallen before the open. Yes, they may have started to ramp up again after the open (which is why I got in), but they didn't have much steam and I would eventually take a loss. The ones ramping up near the open had enough steam to keep going even in a down market.
I've also noticed that the ones that dip out of the open but then turn back up, almost "hugging" the 60 sma can be good longs...especially if they have news and a round $ cross....AMMD is one of these.
Your comment about the "over/under/over" round $ marks was also a great tip. I could see how that would be good for shorts, too, except the opposite..."under/over/under"...like PALM today
Oh, and my comment about "hugging" the 60 sma is on the 1 min chart, where the 10 sma dips towards the 60 sma, then turns upwards and they both move upwards in tandem, hugging each other
Perfect example: DDR on 1/6. Note that one hour into trading, it dipped below 6, then crossed above it. You then get a 10/60 cross on the 1 min chart, and then both the 10 and 60 sma move in tandem with eachother in a gradual upward fashion.
Anon, chat logs are here. http://www.investorsunderground.com/dashboard/
It is a paid chat now fyi. But very reasonable, $39.95 a month or $99.95 a quarter.
Yng...
you said.... "Your comment about the "over/under/over" round $ marks was also a great tip."
Today SAY was one of these over/under/over ones AND right on a $1 cross to boot!!
I was going crazy when I saw it at 1.02,I tried to buy it but....IB said it was not available to long!
The one time IB really zonked me...it hit a hod of 1.77!
Others in chat got it with other brokers,don't get why it was restricted long on IB.
Hi Muddy,
I had an idea on the Run Forest Run with 8%/10% loss scan. It produces something like 150 results tonight which seems pretty overwhelming. To trim it down I added to it a FastK under 10 filter and then I sorted by RSI(2). Would love to hear your feedback on this idea.
Keep up the great work!
Hey Muddy,
Read over the transcript Monday evening..and like Yngvai...the "over/under/over" method ..is such awesome tip!!
On another note..to speed up the seminar and make it less time consuming ...(maybe instead of 6 hours..down to 60 minutes max).. I would highly recommend that both you and Laura use VOICE CHAT while the rest of us type out questions and send them to IL. He then would PM it to you one at a time..
What do you think?
--danny (smartcap)
I signed up earlier today for the chat, and I was really pleased with the seminar transcript, which I printed out and read, then re-read, this evening. Excellent stuff!
In a way, I'm glad you decided to go to a paid chat room. It's been really disturbing to see how many people act like you owe them free trading advice without them putting any effort into it. Hopefully the paid chat is helping to weed out the people who aren't willing to take this seriously and make an effort to learn something.
My only hesitation about signing up was because I'm still restricted by the PDT rule, but I realized that, even if I can only trade one or two days a week, I'm much more likely to make money by joining than being on my own--and learn a lot more quickly and less expensively in the long run.
http://wenonot.blogspot.com/
I LOVE this on the sidebar on "about me"
"The other is a system taught to me that I can not share."
Cool!!
Free but I can't share.
Laughing my ass off.
I'll even link your post here too...
http://wenonot.blogspot.com/2009/01/why-you-shouldnt-pay-for-chat.html
"They should have kept the chat free and charged for seminars and investment advice, now there is little to distinguish them from any other investment site that makes claims of success."
I don't claim,I AM success
If you or anyone doesn't believe then save your measly $39 a month,ok?
"I don't claim,I AM success"
hahaha
*DIES*
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