MTM's Penny Plays

[mtm]

Some of these may have been posted by others... If so, I am sorry for I don't have the time to search for them all.

CORI, HYGS, WSTM, ALTI, EDGR, SCLN, TIVO, LTXX, ACTU, TMM, UMC, UNWR, VAST, DCEL, ICOHA, CPN, REV, VWPT, TPE, ABP .

[Michaelk005]

Add MIVT to the List

[Karel]

I am a bit touchy when it comes to penny stocks. The risks associated with them are rather great. Could you explain a bit more why you throw these out, MTM, and how they should be played, in your opinion?

Regards,

Karel

[scifos]

I am a bit touchy when it comes to penny stocks. The risks associated with them are rather great. Could you explain a bit more why you throw these out, MTM, and how they should be played, in your opinion?

Regards,

Karel

I second that.

[mtm]

Play them with your own trading style I use straight up technicals.

[Websman]

I am a bit touchy when it comes to penny stocks. The risks associated with them are rather great. Could you explain a bit more why you throw these out, MTM, and how they should be played, in your opinion?

Regards,

Karel

Karel,

Wij hebben veel van u onlangs niet gehoord. Verhandelt u aandelen nu? Zal zo ja, wat is uw favoriet aandeel nu?
Bedankt

Webs...

[Karel]

Play them with your own trading style I use straight up technicals.

I don't necessarily want to play them, but I would appreciate a bit more info on what you consider straight up technicals. I really prefer it when people give some idea of why they are throwing out a bunch of stocks. Just because it is more educational. Do these stocks all share some setup? What kind of setup is it? What do you consider up- and downside risks for this kind of setup (or setups).

I am just curious, and I am a bit disappointed when I am invited to use my trading style on your setups. Are you sure that this makes sense?

Regards,

Karel

[Karel]

Karel,

Wij hebben veel van u onlangs niet gehoord. Verhandelt u aandelen nu? Zal zo ja, wat is uw favoriet aandeel nu?
Bedankt

Webs...

Errm Webs, the official language for this board isn't Dutch, it is English But congratulations on a very nice try. No you didn't hear too much from me lately, and I wasn't too busy in the market either, so no luck with a stock tip!

Thank you for a smile!

Karel

[mtm]

Karel these are just ideas of set-ups I have found. As far as set-ups go there are many different set-ups and reasons for picks listed above. I would have to write a book on here to explain everything that I use and look for. IF you don't like penny stocks then I would suggest you not trade them. I personally don't trade them much either. The reason I posted them was because I seen many on here indicate they like penny stocks. If you would like greater detail of how my trades work then you would have to visit my website for there is to much to explain here.

As far as being invited to use your own trading style...

Everyone has different risk/reward ratios, stops, targets, time of being in a trade. It would not be proper for me to tell other traders to trade my style when it may not work for them.

As far as technicals and wanting a better explanation. I wouldn't know where to start or end with that question for I use many different types for different set-ups.
(I.E.) Gann, fibbonacci, candlesticks, formations, 52 weeks highs and I could go on and on.

I hope that fullfills your questions and I know it may leave much to be desired, but there are endless scenarios and set-ups to trading the markets.

[Karel]

Hi MTM,

No problem if you don't want to write a book. (And if you would want it, you might prefer your own website.) I just wanted to establish what you were doing, and you are pretty clear about that. My usual reaction when I see penny stock posts is to start looking for the "delete post" option, but that doesn't seem to be necessary here.

About styles: I think that choosing a kind of (or some kinds of) setup is an integral part of a style. See $$$Mr.Market$$$, see the Turtle Traders, and see many more. A trader should be aware of the dangers and opportunities of a setup, choose a trading discipline that looks both ways, and ascertain that (s)he feels comfortable with that pattern. Or something like that. And know that penny stocks bring extra risks.

Good luck with your trading and your website.

Regards,

Karel

[mtm]

Thanks for the reply and I totally agree with your statement! I will also post plays for stocks above $5. I just try to compensate for those who don't have the means of trading higher priced stocks. I truely wish I had the time to post details of every trade, but due to my broad activity on many boards I am unable too. I thought just throwing out the top symbols that cross my radar would give others the opportunity to look at them and maybe find a few that they like.