The following video is an explanation of some trade setups in US Stem Cell (USRM) and Medical Transcription Billing (MTBC). One of our great subscribers, David, found MTBC. I missed the big morning rally, but waited to see if there would be the usual intraday setup after a rocket ship morning rally. It set up well, and even tho the profit was only .37, it was a nice in and out trade.
Trader Scott has been involved with markets for over twenty years. Initially he was an individual floor trader and member of the Midwest Stock Exchange, which then led to a much better opportunity at the Chicago Board Options Exchange. By his early 30’s, he had become very successful in markets, but a health situation caused him to back away from the grind of being a full time floor trader. During this time away from markets, Scott was completely focused on educating himself about true overall health and natural healing which remains a passion to this day. Scott returned to markets over fifteen years ago where he continues as an independent trader.
15 Comments
Ok Stevie, what made you stay long USRM through the reaction. Do you always look for a second push higher?
Stevie’s out this morning, she can fill in later, but she picks these stocks which she likes to hold some positions (a little bigger picture) and trades in and out. Buying into reactions and selling most out on rallies. She sold into the close yesterday. I like how she zones in on these and still keeps the capital flowing.
Partially due to sensory overload, just took profits, of course too early, on JNUG 123 reaction buy from yesterday. Also FSLR earnings later today, and the buying climaxes in some of those stocks, this is what happens.
Trader Scott explained it well. I sold out a big chunk of my position as it’s necessary to take profits and keep the cash flowing. Some of these little stocks just become a speculative adventure with my small positions that I stay with. We’ll see where it goes at this point.
Wasn’t focused today, with a sticky ticker, maybe catch MTBC tomorrow. Although I’ll be watching the miners to see if they start to follow the metals and a possible setup with JUNG.
MTBC is still active after hours. You still have a full position in FSLR – I’m down to 1/4 position as of last week, and just letting it ride. Miners have the Fed tomorrow. I have no trading position.
Ok Stevie, what made you stay long USRM through the reaction. Do you always look for a second push higher?
Stevie’s out this morning, she can fill in later, but she picks these stocks which she likes to hold some positions (a little bigger picture) and trades in and out. Buying into reactions and selling most out on rallies. She sold into the close yesterday. I like how she zones in on these and still keeps the capital flowing.
Partially due to sensory overload, just took profits, of course too early, on JNUG 123 reaction buy from yesterday. Also FSLR earnings later today, and the buying climaxes in some of those stocks, this is what happens.
Trader Scott explained it well. I sold out a big chunk of my position as it’s necessary to take profits and keep the cash flowing. Some of these little stocks just become a speculative adventure with my small positions that I stay with. We’ll see where it goes at this point.
Thanks, nice photo by the way.
Yep, she’s the brains and the beauty of this website. I’m the entertainment.
You mean like Bozo, the clown?
Clown certainly, although usually not on purpose. You know my musical “abilities”, and that’s not very entertaining.
Actually, it’s your lyrical ability that’s cracked LOL!!
I can not believe you are making fun of my amazing talent.
You’re welcome David. Are you trading USRM or MTBC?
Wasn’t focused today, with a sticky ticker, maybe catch MTBC tomorrow. Although I’ll be watching the miners to see if they start to follow the metals and a possible setup with JUNG.
MTBC is still active after hours. You still have a full position in FSLR – I’m down to 1/4 position as of last week, and just letting it ride. Miners have the Fed tomorrow. I have no trading position.
No position In FSLR, going to let the hype run its course.
Maybe a reply of sell the rumor buy the news bounce in GDXJ after the Minutes?
Or the opposite for the miners.