Hello Everyone

I hope you all are having a great week! I have been super buys so here is a short and quick post. Make sure to leave comments and message me on twitter so I can discuss more topics. 

I decided to go overnight the other day on $RBNW and OTC stock. I have been practicing these low priced stocks as Jack Kellog has mentioned in his videos and Timothy Sykes has as well. I like First Green Day Patterns, ideally with news and unusual volume. They have to be a recent runner though. What does this look like? Well, this is my understanding in the image below.

This has a history of first green days from what I see. Look at the unusual volume thought. The second Green Day follows that unusual volume . If there is that first Green Day, even if the second day turns red, you’ll see that it was originally higher than the first Green Day. I also checked OTCMarkets.com  and saw there was a new SEC filing out. I read and saw Karen Berend was involved with shares and can vote or something like that. I did a google search on her and saw she lives in New York. She also has been involved with other fashion brands. If I have learned anything about fashion and New York is that it can be expensive. So I assessed the chart before the close and before I had to take my kid to go get his 6 month checkup and decided that it was a:

1. Recent Runner
2. Has a news catalyst
3. First Green Day
4. OTC 
5. Unusual Volume

I also performed further technical analysis of what could determine the resistance line. I was prepared to cut losses quickly if my stock didn’t spike the next morning. I also made sure to buy on the dip before the close in the event that it did not perform as I wanted and it reduced my risk. (I nice little tip I learned from Tim).  The following image is how the stock performed.

I bought originally where is showed to consolidation at $.016… it dipped a little so I added at $.014. I held it overnight and it spiked as I planned. I sold at $.022 for a 30+% gain. I was pleased to take my single and run. 

These are the setups I am trying to master. This was a really good trade. I made a few bucks on this but it is the process I am pleased about. Had I put more money into it then maybe one day it would be a few thousand dollar process. Keeping in mind perspective is turning out to be great. Another reason I was able to hold so long was the fact I raised my risk factor. If the stock broke below a certain amount, I would sell and lock in profits. I was happy with the $ gain at $.022 and it turned out to be the top when I decided not to get greedy. If I can learn to replicate this, then trading a couple of time a month will be fine with me.

I do not need to trade every day. I don’t want to trade every day. I like Tim’s thoughts on being a retired trader. Mine is pretending I am already a millionaire and waiting for my perfect plays. The plays that “made me a millionaire” or in this case “will make me consistently profitable”. Same idea. If I fine tune my Bread and Butter pattern then I won’t have to guess, I won’t have to stress, and there will be no thrill to trading other than, ‘Hey! I know this pattern!”. This is what I believe my mindset should be. Am I perfect, no. But this is what I am working towards. 

I hope this gives you an idea of what I have been learning about First Green Day patterns from all the studying I have been doing on Profit.ly with Timothy Sykes 6k+ video lessons https://bit.ly/2NpSSfW . I have my rules and my pattern criteria written out and taped to my laptop. I will not trade if the patterns do not fall into my preferred criteria. If I do, well, crap. 

I hope this blog post helps you as it will give me something to refer back to. Sorry to cut this short but I have to head to work and this was the only time I could fit blogging in as my kid is teething and kind of cranky and wants cuddles. This is perfect time for studying. I hope you all have a great week.

Leave comments, find me on Twitter @TessaLamping or @TessaL .. I don’t remember right now. LOL Have a great day and thanks for reading! Cheers!

I want to provide a small disclaimer:

I am in NO way a professional nor do I claim to be. I do not manage anyone’s money nor do I want you to follow my trades. My posts are solely for entertainment purposes and for myself to become more transparent on my trading journey. I use these posts to track my own progress. I do NOT recommend you try my strategy or jump into trading without a verified guru/teacher. I am an untrained trader who has been practicing for a few months and a few days with paper trading on StocksToTrade. I am up +$1300 for the month of June 27th – October. By the time you read this I may or may not have traded the stocks I post about. I will not guarantee you will profit from trading as 90% of traders lose. To become consistently profitable is not a typical result. I am in NO way responsible or liable for your decisions or actions as a trader. I, again, am not professional so there will be grammar and spelling errors. Just because I suggest something does not mean your results will be the same as mine if you try. My suggestions are what I am doing, have tried, and what may have or may have not worked for me. 

                             Hello there, My Name is Tessa Lamping and 
                                    thanks again for reading my blog!



  • AIDAN LUNDY says:

    What all patterns do you use and what criteria do you use for each?

  • Great question! I have been mostly successful with Tim Sykes patterns for First Green Day which I gave my example above.

    Morning panic dip buys which I will make sure to do a future post about to give a more detailed example. But I look for supernovas or stocks that have spiked dramatically over a few days. What goes up shall come down eventually, typically, so what Tim likes to do it wait patiently for a stock to morning panic. You can watch his video lessons on youtube and profit.ly for the best examples and teachings, but from ym experience and understanding, I look at past history whether its 1 month chart or 6m, 1 year etc. I find my support lines where in could potentially panic until and that is where I like to base my buying. it isn't an exact science but it gives me a pretty decent idea. Then you watch Tims Learn Level 2 dvd and learn how to spot the wall of buying around support. Then you give it a few minutes to bounce and if it doesn't, cut losses quickly.

    Those are my best 2 setups. my 3rd is buying breakouts, but I like to incorporate those into my first Green Day setups. So when I see unusual volume, recent runner, or really good news and a great reaction to it, I look at the longterm charts for a breakout and I like to buy just before incase it takes off. They can fail too so cut losses quickly. I am still learning timing on this one. My best is first green days and dip buy.

    Thank you and I will have future posts with pictures to explain with a visual what I mean by these. And all of this I am learning from Timothy Sykes on YouTube and his video lessons on Profit.ly. Good luck!

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