Joined
·
10,341 Posts
The whole outdoors sector is down, earnings will be the catalyst and decide the future. I'm in the bag on my holdings right now. I've swung poww 3 times already.
Poww got a jump last week before the ceo chose to leak earnings early (revenue). To be anything more than a swing trade for me, they have to prove they're profitable.
There's a reason I own a large position in vsto right now, I'm banking on a market reaction to their earnings that'll match the 40% poww got. My plan is to scale out right after to a more reasonable percentage and hold.
This will be a narrative so scroll by if your just looking for a ticker to follow..
On DD I literally am so far down the rabbit hole it'll take a while to type out.
I have 3 specific types of plays I do.
Quick flips and scalps:
These have to have immediate decisions made. When I get an alert, I immediately look at the graph and take the 1d, 1w, 1m, 1 year graph and look if it's a new stock, I'm looking trends. Ideally it's cinsolidated and been stable for a little bit with a solid price bottom, then it's just volume and float that determine the magnitude of the run, I try to get in and out on these quick.
Expr this afternoon was a prime example of that, got an alert, looked at the graph, saw my entry point was less than 7% above the daily average and boom magic happened.
Red arrow was entry, once in a while a I get lucky. I'd consider the second dip, but only if you day trade.
![]()
Swings
Its got to have low float, volume, cash on hand, and be in a sector that has momentum, I try to determine those things, and look for an entry point.. I scale out as they go up just to preserve earnings unless the trend is looking too good, then I'll scale in for a bit more, I'm always eyeing the next resistance level and an exit strategy.
Sndl is an example of how a company with not enough cash on hand can kill a swing, I was looking for a break out over. 80 then 1.00, it was on track to get there but they did yet another shelf offering (releasing more shares). It's peers like TLRY and APHA ripped while offerings stagnated sndl. It's worth noting. Tops, idex. And others are notorious for doing this and should only be scalped or daytraded.
Longterm
Either great earnings or great potential, I'm looking at long-term holds in sub 50 range for growth.
Pltr, petq, vsto, tls, clov, lotz etc are examples of this.
Any lithium, ev, solar, green etf will be hot right now if you're not wanting to tie your horse to any wagon. I'm anxiously awaiting arrks space etf to get in on it.
Pennys,
Right sector with movement and you get paid typically, start small always as risk is high and don't be afraid to walk away, or sit on bag's. I've held tnsp in the red for darn near 3 months, but it's finally back. There otc so not nearly as predictable as other stocks. The key here for me is too not be too deep in them, a significant amount of draws way too much money for my add having self.
My two favorite penny buys to date are nwbo @.13 and .38 and Cydvf @.40. Nwbo was like a 2000% gain when I sold. I've lost in tlss, invu as well. So it's not all roses, but my gains far out weigh my losses, overall so it's a component small component of my over all strategy.
Options
I do them sparingly, although I've done well on the ones I've done, I'm in no position to give advice on them. Honestly they make me nervous and I usually don't take them to their full potential..
Leads and alerts:
All of these the below are free, I don't pay a nickel for any of them.
I get them off twitter from well known new school traders pj matlock, ripster, hugh henne, eves trades and about 30 others.
I'm a member of a couple free discord groups, discord is a chat server, as real time as it gets, but without being able to disseminate the massive amount of information there, you'll screw it up more than you'll make it.
I've got 3 text groups of guys who trade like me, they're absolutely real time and they disseminate information from a lot of the same places so I don't have to look while I'm working.
I also read social media alot and put stocks i see mentioned, infact nearly all of them in Google finance on my phone, takes 30 seconds and I can review them at my leisure to make other decisions.
Stockwits has a lot of information as well.
I have no issues sharing as this isn't a secret hunting spot or fishing spot, me making money doesn't affect you making money.
I get up early to trade pre market and do research, a lot of money is made pre and post market hours.
I've got a lot of friends on this board and they'll tell you, I've got 2 speeds all in or all out, I want to be good at it or I'm not interested. I spend 3-4 hours a day researching and trading, I've still not mastered it, but I'm improving.
I don't know large caps, I play small caps exclusively because of the risk reward profile and my account isn't large enough to devote the volume to make a trade on a 75.00 share stock worth it to me. That will change, when I started, a 5.00 a share stock was expensive.
I'm hoping that by giving an honest update it'll be of help to others and maybe spark an interest in someone to allow them to improve their financial outlook and learn from my mistakes. I've been in this site for nearly 20 years and learned a ton, so I have no issues giving back.
As always, I'm not a financial advisor..
BTW here's the graph in pltr from today for reference, I've owned since the ipo. You find a graph wedging towards consolidation, there's only a couple ways it can go. Good stock usually equals gains..
![]()
Vsto chart for reference
![]()
Poww got a jump last week before the ceo chose to leak earnings early (revenue). To be anything more than a swing trade for me, they have to prove they're profitable.
There's a reason I own a large position in vsto right now, I'm banking on a market reaction to their earnings that'll match the 40% poww got. My plan is to scale out right after to a more reasonable percentage and hold.
This will be a narrative so scroll by if your just looking for a ticker to follow..
On DD I literally am so far down the rabbit hole it'll take a while to type out.
I have 3 specific types of plays I do.
Quick flips and scalps:
These have to have immediate decisions made. When I get an alert, I immediately look at the graph and take the 1d, 1w, 1m, 1 year graph and look if it's a new stock, I'm looking trends. Ideally it's cinsolidated and been stable for a little bit with a solid price bottom, then it's just volume and float that determine the magnitude of the run, I try to get in and out on these quick.
Expr this afternoon was a prime example of that, got an alert, looked at the graph, saw my entry point was less than 7% above the daily average and boom magic happened.
Red arrow was entry, once in a while a I get lucky. I'd consider the second dip, but only if you day trade.
Swings
Its got to have low float, volume, cash on hand, and be in a sector that has momentum, I try to determine those things, and look for an entry point.. I scale out as they go up just to preserve earnings unless the trend is looking too good, then I'll scale in for a bit more, I'm always eyeing the next resistance level and an exit strategy.
Sndl is an example of how a company with not enough cash on hand can kill a swing, I was looking for a break out over. 80 then 1.00, it was on track to get there but they did yet another shelf offering (releasing more shares). It's peers like TLRY and APHA ripped while offerings stagnated sndl. It's worth noting. Tops, idex. And others are notorious for doing this and should only be scalped or daytraded.
Longterm
Either great earnings or great potential, I'm looking at long-term holds in sub 50 range for growth.
Pltr, petq, vsto, tls, clov, lotz etc are examples of this.
Any lithium, ev, solar, green etf will be hot right now if you're not wanting to tie your horse to any wagon. I'm anxiously awaiting arrks space etf to get in on it.
Pennys,
Right sector with movement and you get paid typically, start small always as risk is high and don't be afraid to walk away, or sit on bag's. I've held tnsp in the red for darn near 3 months, but it's finally back. There otc so not nearly as predictable as other stocks. The key here for me is too not be too deep in them, a significant amount of draws way too much money for my add having self.
My two favorite penny buys to date are nwbo @.13 and .38 and Cydvf @.40. Nwbo was like a 2000% gain when I sold. I've lost in tlss, invu as well. So it's not all roses, but my gains far out weigh my losses, overall so it's a component small component of my over all strategy.
Options
I do them sparingly, although I've done well on the ones I've done, I'm in no position to give advice on them. Honestly they make me nervous and I usually don't take them to their full potential..
Leads and alerts:
All of these the below are free, I don't pay a nickel for any of them.
I get them off twitter from well known new school traders pj matlock, ripster, hugh henne, eves trades and about 30 others.
I'm a member of a couple free discord groups, discord is a chat server, as real time as it gets, but without being able to disseminate the massive amount of information there, you'll screw it up more than you'll make it.
I've got 3 text groups of guys who trade like me, they're absolutely real time and they disseminate information from a lot of the same places so I don't have to look while I'm working.
I also read social media alot and put stocks i see mentioned, infact nearly all of them in Google finance on my phone, takes 30 seconds and I can review them at my leisure to make other decisions.
Stockwits has a lot of information as well.
I have no issues sharing as this isn't a secret hunting spot or fishing spot, me making money doesn't affect you making money.
I get up early to trade pre market and do research, a lot of money is made pre and post market hours.
I've got a lot of friends on this board and they'll tell you, I've got 2 speeds all in or all out, I want to be good at it or I'm not interested. I spend 3-4 hours a day researching and trading, I've still not mastered it, but I'm improving.
I don't know large caps, I play small caps exclusively because of the risk reward profile and my account isn't large enough to devote the volume to make a trade on a 75.00 share stock worth it to me. That will change, when I started, a 5.00 a share stock was expensive.
I'm hoping that by giving an honest update it'll be of help to others and maybe spark an interest in someone to allow them to improve their financial outlook and learn from my mistakes. I've been in this site for nearly 20 years and learned a ton, so I have no issues giving back.
As always, I'm not a financial advisor..
BTW here's the graph in pltr from today for reference, I've owned since the ipo. You find a graph wedging towards consolidation, there's only a couple ways it can go. Good stock usually equals gains..
Vsto chart for reference
