0 Stock Promoters Posted by shawn | at 9:53 PM

Some stock promoters do an excellent job of pumping a stock, just research their track record and assess their quality of work. Read the disclaimer at the end of their email message to figure out how much they were compensated for pumping the stock. The law requires them to disclose how much they were compensated! Below are list of newsletters you should subscribe to if you want to stay on top of the stocks that are being pumped. The strategy in playing pump and dump's will be discussed in another post. Please be aware that playing pump and dump's are dangerous and should only play with money that you are willing to lose.

www.pennypic.com

www.pennystockchaser.com

www.HotOtc.com

www.awesomepennystocks.com

www.bestdamnpennystocks.com

www.lebed.biz

www.titanstocks.com

www.killerpennystocks.com

www.monsterstox.com

This blog has a terms of use and you can find all my disclaimers and disclosures there as well; my full terms of use is incorporated by reference into this post.

0 Cheapest Commission In Canada Posted by shawn | at 9:18 AM

I did a lot of research on trading commissions because if you trade frequently, at the end of the year it can all add up! Trading is a business and commission are like your expenses. Number#1 rule is: Maximize profit and minimize expenses. Of course at the same time, you want to assess the quality of the broker as well. You can have the cheapest commission but if the platform goes down multiple times or execution is terrible you can possibly incur losses or miss opportunities.  Please read the review of each broker to assess the quality. This post will only highlight the cheapest commission of each broker.

It all depends, how many trades you will execute in a month, quarter, year? how many share lots typically you buy? Will you be trading pennystocks(unlimited shares is attractive) , mid-cap(fast execution is important) etc.?

Frequent/active trader:

Consider CIBC Edge Advantage as they are the cheapest when it comes to flat rate(unlimited shares) and includes all ECN fee's.

• $395 for 50 trades / year (unlimited shares). Works out to be $7.95/trade for the first 50 trades, and $6.95/trade after

Also their pricing structure allows you to purchase the same stock as MANY times as you like during the day, and you’ll only be charged for 1 trade. This is a dream come true for scalpers that will go in and out numerous times on the same stock to exploit the range, i.e. AAPL, SPY . I don't know any broker that does this.

Alternatively, you can go with TD Waterhouse under the active trader pricing structure.

• 150+ Trades/Quarter $6.99 flat (unlimited shares)
• 30-149 Trades/Quarter $9.99 flat (unlimited shares)

Keep in mind, you inure data fees if you do less than 150+ quarter.

Alternatively you can go with Interactive Brokers with their bundled commission ( includes ECN fee's) if you trade less than 1k shares buy/sell(they charge per share) it's cheap. 100 shares=$1 , 1000 shares=$5, 5000 shares=$25. As you can see, when you increase share lot, you start to pay more commission. IB also has one of the fastest executions out of any broker.

Infrequent trader:

Questrade is the cheapest and you under no obligation to do certain number of trades per quarter, year etc. No inactivity fee. they have pricing structure where 1cent=share however min. is $4.95 and max is 9.95 you will pay and unlimited shares. Keep in mind as well, if you trade US securities in a registered account ( i.e. RRSP, TFSA) you will pay additional 5$ max per day regardless how many times you trade.

ThinkOrSwim Canada can be the next best thing if you get them to lower the pricing to $7.99 flat (upto 5k shares) You just have to ask kindly  Also you are under no obligation to do certain number of trades per quarter, year etc. No inactivity fee.

0 PSP Picks & Profits Posted by shawn | at 3:34 PM

I have talked about PennyStock Prophet and his picks in my recap often.  I finally was able to compile all the stock picks along with potential profit someone could have made if staked 5k shares, bought at open and sold near highs)  Considering his picks are available free on twitter I say profit while the crazy ride lasts.

For those that are interested, I created the spreadsheet in Google Docs and used Google Finance function to automatically query open, high of the day prices.  It took me less than 10 mins to do. Neat huh?

0 Trades Recap for 11/17/2009 Posted by shawn | at 1:33 PM

Excellent day today due to NASDAQ:NLST, it went up 700% in 4 days and stocks that go up supernova like this usually will be followed by days where it trends down.  Today happened to be a nice downtrend and I shorted when it went went green to red ( dropped below the opening price of $5.65) The green to red or red to green are important psychological pivot points. I'm holding the current short of 5000 shares overnight and possibly selling into the market open tomorrow.

0 Trades Recap for 11/13/2009 Posted by shawn | at 3:31 PM

Well looks like pennystock prophet's run has possibly ended or is ineffective for the time being.  The last few picks haven't been running up that much or at all to warrant any attention.  I'll continue to monitor his picks which are free by the way, no need to sign up his 97$ subscritpion.  He provides his picks on twitter here as soon as the market opens at 9:30AM. I recommend twitter streaming service like stocktwits

On with the recap, NASDAQ:NLST was uptrending since monday. Take a look at the 5 day chart.  Volume really started to pour in since thursday.  I scalped 10, 20 cent blocks thursday and friday.

OTCBB:IMGG had a huge sell off mid-afternoon losing 0.50 cents looking at the 1 day chart below.  This is a great opportunity for bounce plays and I caught the bottom as soon as I got the green candle.  It went up in choppy fashion and I wanted to sell into strength as you should always do with OTCBB stocks.  Scalped easy 15 cents.

0 Trades Recap for 11/03/2009 Posted by shawn | at 4:41 PM

Pennystock Prophet announced that his picks will be released Mon, Wed and Fri only. I have played his past 15 picks and made money on all of them. I say that is a excellent streak. He claims he finds stocks that are greatly under-valued  using his 'secret formula' but in reality he has built enough subscribers that when his alert gets out, the stock shoots up when all of them buy in at a massive scale. It's called the PSP alert effect, very similar to Tim Alert effect and Cramer Alert effect. If you have enough subscribers and the stock is low float, you would be surprised how fast they shoot up. Keep in mind, I trade these alerts for quick scalps only.

Speaking of Tim Alerts, he sent out a alert today:

NYSE:COT was alerted by Tim Sykes. Nice uptrending chart. As per Tim,

Reuters has a story that they sold $215 million worth of debt up from an expected $200 million at 1:30Pm ESt today...I expect a press release later today or tomorrow...stock is 10 cents off its 52-week highs, methinks the press release will spike it over $9 and then potentially momentum traders can push this up to $10 as it'll be a perfect breakout.

BUY +5,000 COT @8.72 LMT

SELL -5,000 COT @8.89 LMT

0 Trades Recap for 11/02/2009 Posted by shawn | at 1:29 PM

AMEX:NVD was today's Pennystock Prophet's pick.  You have to be really quick to pull this trade off.  I have auto-send triggered with active trader on ThinkorSwim platform and makes executing trades quick.  As you can see, I got out of the trade right at top when It was getting toppy.

BUY +10,000 NVD @.26 LMT
SELL -10,000 NVD @.32 LMT

NASDAQ:YRCW was halted pending news at 9.30AM.  As soon it opened at 10AM the stock fell hard from 3.50 to below 2.  I tried to catch the bottom for bounce play.  This is always a risky trade but results can be nice.  Quick 0.22 cents scalp.

BUY +5,000 NVD @1.78 LMT

SELL -5,000 NVD @2.00 LMT