Email sent to those on our email list

Dear Trader,

Those under the Pattern Day Trade rule, please read below on the red bold print!

Hope everyone had a solid year end! This week was simply incredible with the amount of movers out there it was pretty hard to keep up Mon through Wednesday – today started off slow I took a hit on YRCW to start the AM first two hours were a bit slow and then we nailed a whole bunch mid day into close which made the YRCW trade look silly. OTCBBs really led the way for us today on AENY and NVLT, and subpenny chat ZVTK we took from .0091-.0092 to .0102-.0103 for a nice gain. The YRCW loss shows the importance of taking a loss and/or having a plan in place for stopping out whether its % loss or $ loss.

I will send out some more info tomorrow regarding things I’d like to cover on Sunday including chart set ups (since most of our trades yet again were the SAME charts over and over), also stop losses % or $ because I talked to 4 people after sending posting on my scan “If you’re losing money in this market let me know, because this is not a market to miss” The common thing amongst all of them except one was not taking losses and letting them get bigger and bigger, had they taken their loss at a $200 bucks they’d be up rather than down. So we need to do hammer this in again, taking losses is the hardest thing for many (even was for me when I started but once you do it… you’ll see your profits starting to pick up a lot more).

Check out IMSC if you weren’t in chat, congrats to domino who had been holding 30k shares at just about a .30 average. She alerted on the .30 break with volume then red to green and it literally doubled from there. It was a money maker for a bunch in chat, I think MOST of us were left scratching our heads as to why we sold too early but hey, it happens. I made it only to .435 on my first sell for half and second sell at .52. She nailed it from .45 to .64 – nice 5 figure profit.
MOST IMPORTANT IF YOU ARE UNDER THE PATTERN DAY TRADE RULE

We did this a year ago, had a seminar discussing the pattern day trade rule and how to avoid it. If you are unfamiliar with this google it, but many traders do not start with $25,000 in their account and because of that you’re restricted to only a handful of trades per week unless you hold over night.

“If you buy the same stock, at 3 different times in the same day, and close all of that same stock in one trade, that will be considered 3 day trades. The next day trade in the next 4 business days will freeze your account (you can only close existing positions) for 90 days, or until you get $25,000 cash into your account, whichever comes first. This also applies to options.”

Well, we had an awesome prop firm for the past year which I highly recommend HOWEVER we play a lot of cheaper stocks, we also play a lot of OTCBB stocks lately because the market has been incredibly hot. Those that are on a per share basis this can get rather costly if you’re buying 10-25k+ shares with no maximum ticket.

Well, I was on the hunt for a firm that would cover just this, a fixed ticket price, OTCBB and Nasdaq routes. I also didn’t want members success decided by a firms fees having to pay out a few hundred dollars here and there for software fees, maintenance fees and all that junk. I’ve been working with a firm for the past week and a half who will join us on Sunday night at 7:30PM. I’ve also be able to waive literally all fees if you’re trading on average 2.5 tickets per day which really isn’t a lot 1 trade in and our per day + one more buy or sell would put you over that average. 100 trades per month also drops the ticket price down $1 trade.

This should be very informational here is the agenda:

For Sunday’s seminar (prior to our normal trading seminar) the firm will discuss the following:

- Sterling Trader Pro
- PropReports
- Buying Power (Cash & Margin)
- Deposits/Withdrawals
- Trade Support Issues
- Risk Management

I will send another e-mail here shortly but those that are not in chat, those that are under the pattern day trade rule and feel stuck — I wanted to give you guys an opportunity to join us Sunday at 7:30PM.

ALSO

Current Members – feel free to send in your questions now by replying to this email!

Nate (InvestorsLive)

InvestorsUnderground.com