USRM Setup

March 30, 2017-6:14 am traderscott The Entry Points Market Blog 8

These tiny stocks, like USRM, can offer amazing opportunities, and RISKS. So they require a lot of time, work, and persistence. The 3 keys (and it’s not easy, but..) are – finding the stocks which look like potentials, going thru and identifying all of the technical characteristics (like signs of strength) and some fundamentals, and if you’re satisfied with your work, then the hard part – waiting patiently. I’ve traded in and out of this stock from the long side only, a few times. Of course, I sold too early, but I re-entered on the next reaction.

mm
About traderscott 1146 Articles
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.

7 Comments

  1. Great stock to trade…..not easy as its a battle between greed and fear and I have not controlled my greed yet…..thanks.

    Reply

    • Heya Aamer – I couldn’t help noticing your comment and wanted to chime in if you don’t mind. The whole fear/greed thing can be a real monster. My relationship with both were very unhealthy until Scott taught me about taking profits. I really attribute my better trading skills to him. A couple of years ago my account was severely bruised due to greed and not having ENOUGH fear of loss. It may be the better idea to let fear win over greed; your account will look better in the long haul. Mine certainly does. Scott’s a great trader and taught me the value of hitting singles. I hear that in my head every day.

      Reply

    • Good morning Martin – Just to let you know, in case you haven’t yet noticed, there’s a symbol ticker on the front page of the site which runs the stocks we’re looking at. Many of them stay on there for days and some even weeks. We are watching for set-ups. Patience is important. We update them daily if they need updated and will often mention a few in the pre-market comments.

      Reply

    • Martin, we have a very long list of stocks which we are either watching, trading, or have traded. We don’t want to overwhelm with all of these stocks, some of them have been big winners. But we are trying to figure out how to do this.

      Reply

Leave a Reply