Of course I can't answer for Orange. However, I have lost money in Pinks because of the manupulation. Numerous times, I placed buy orders on pinks. They got part-filled, while I watched other orders getting filled at lower prices?!?! Other sell orders got part filled, while watching other orders getting filled @ more favourable prices. Realizing the relatively low $$$, most of the time, I had no option but to sell the rest at a lower price, because if I don't sell it the same day, I will have to pay another fee, which will either reduce my profit, or possibly increase my loss. When I asked my broker, they said that BB & pinks are filled manually. In other words, they pick & choose which order to fill & which order to @#!&^#.
Another reason I don't like pinks is I hate to biddind "blindly" on a stock.
For a short "personal" answer: Manipulation.

Zoomster,
the requirements of the 10% strategy make me hate them because of their unreliability as compared to otcbb, nazz, amex, and nyse. it's a probability thing. the 10% game prospers from reliability- a run on the day you expect it, not two days later. manipulation, like Soliman says. non-pinks not perfect, but more reliable. numbers game. pinks ARE playable- you see it all the time here. but a frequency-driven game like this can't tolerate too many multiday holds. just my opinion.

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[SIZE=2"No more riddles."[/size]
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get the cd. it's how money gets made.

been thinking abt the boogey man. you know, the fear that a trade will go wrong on you. let's say you expect to clear at least 25%. you have $600 in. say you can tolerate a 10% loss. it runs to $660. i think i'd then take $60 off the table and leave $600 on the table. if that suddenly shrinks to $540, i'm at a breakeven if i sell all. BUT if i don't sell then that first $60 buys me time for a reversal, i.e., i can tolerate a further dip all the way down to $480. (of course, this strategy does not protect against a bad call from jump street).
EXAMPLE:
10am... buy 1000s @ $.60 = $600
11am... pps runs to $.66 = $660
I now sell 91s = $60
I still hold 909s = $600
11:30am... pps drops to .5941 = $540
i hang tough at this breakeven
12:15pm... pps drops to .5281 = $480
I exit with 10% loss. (unless there was reversal before this)
here i see the real value of cats always yelling, "take some off the table on the way up!"

now about the other boogey man. trades that go wrong from the jump. unless there's been bad news, i think this comes down to using three charts: a short-term intraday (i like 3-min), a daily, and a weekly. if it's obvious to me from the daily that this is just an intraday shake, i'd stay in. if it's a very bad shake, i think i'd look hard at the weekly to see how fast it might recover. so i guess it makes sense to try to make picks that have strong daily AND weekly charts if you have set large loss tolerance.

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[SIZE=2"No more riddles."[/size]
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get the cd. it's how money gets made.

the third boogey man. not sure of the top. okay, the trade goes well. i take my $60 loss factor off the table to cover and the pps keeps running to $.75 (resistance) but my 3-min chart still looks good. do i cut and run? take it all off the table now? hm, i think i'd take half off and keep watching to see if it can break thru resistance. if not, as soon as the 3-min looks bad, i'd sell all.

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[SIZE=2"No more riddles."[/size]
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get the cd. it's how money gets made.

I think you also have to consider the commission costs as well. It will cost you 3 commissioned trades if you do that. So if you do not have cheap $5 trades it could easily cut into your profits as well. I have lowtrades and it is $4.95 a trade but alot of these other sites cost at least $7-10 and some charge extra for doing penny stocks. I would however stick to the %10 plan. You are just better off IMO to just take your %10 and use that money for your next investment, since that is what it is all about right? Why change the rules.

I am personally a lilltle confused anyways about the rules since I see most people already over 30% so far for the year.We are going into week three. I just know how I am going to play... When I buy the stock I put the sell in for 10% more right after the buy.

Although the stock I am currently in is suppose to release earning info this week. Will make or break it... If it comes out by early morning tomorrow and is good I might remove the sell order and try for more than 10%.

Fatbacker you getting in?

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"A government big enough to give you everything you want, is strong enough to take everything you have." -Thomas Jefferson

Yeah, I think I am going to do it. I am going to use a little more money than the $1,000 though. I am not doing any pinks either. I am sticking to OTCBB and better. It will be nice getting some sort of system down and this is a great way to get it going.

It seems to me that the goal is an average of 10% a week or better. Allowing a swing to run further and creating a higher win on some is,to me, insulation against the inevitable failed trade. The objective is to demonstrate that a disciplined,businesslike approach to trading can generate consistant profits on a reasonably predictable basis over time. If one deliberately limits oneself to no more than 10% per trade on the upside,a single really bad day can devestate ones average. While I do not advocate "swinging for the fence",the risk level increases with each % up, I also do not see any reason to cut a winner short when that one extra 10%-20% gain can offset the coming losses.

Good Luck

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Right on, TNT. The experiment is about disciplined trading. There is a difference between being greedy and being logical. For example if a stock has volume pouring in and is blowing through resistance or a trendline, there may be no good reason to sell at 10%. Take what it will give you and set the extra aside for the inevitable losing trade. If someone does sell right at 10%, there's nothing wrong with that, but it might be recommended to continue to watch and see when it does pullback and look at the indicators at that point. i.e.: Did the stock make it to a trendline and then get knocked down? or Did it get to resistance and then get knocked back? Honing of skills and being critical of indicators is what this experiment is teaching.

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So I guess different people will play it different ways.. I don’t have the option of watching the charts during the day. The problem I noticed I had was after a stock went up I still held it thinking I could get a little more out of it. Then while waiting for that extra 10%-15% ….. profit takers come in and I am up or down 5%. I am more confidant I can find a few 10% gainers than I am finding one 40% gainer. That’s just the way I am playing….. I'm going for base hits rather than a homerun

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"A government big enough to give you everything you want, is strong enough to take everything you have." -Thomas Jefferson

That sounds perfect also, tater. Keep us informed how it is working. There's gonna be green everywhere around here if everyone sticks to their guns.

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i hear ya, fatbacker- be glad when you get in!
no rules, just strategies. like Klipper and TNT said, watching for the perfect storm to cover future losses. no 'iffy' stuff here. i think Taterbug on good track too- all plans here seem very wise to me. always taking flat 10% is good, considering skill levels here, since most will get their 10% much more often than not. an occasional 10% loss is def a setback, but usually only a one trade setback.

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[SIZE=2"No more riddles."[/size]
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get the cd. it's how money gets made.

It is a great plan for those that have a hard time finding some personal ground rules for trading. I think once you start it and stick to it until you have made a good habit of taking profit then you can change your strategy. The fact is that if you are taking %10 on a regular basis then you are making some good picks. I think the same rule applies to getting out of a trade when instead of playing it smart and taking your small loss you don't play the I wish and hope this bounces back as it continues in the death trap so many get into.

not a disturbance, gennove. welcome. i'd suggest first wrapping your mouse in duct tape to keep you from trading any real cash. then do some trades but only on paper until you have a good string of ten-percenters. learn t/a here. study, study, study! get the cd. ask questions. when you're ready to start, limit your first few trades to maybe only $200-300. then get one of us to backstop you for a week.

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[SIZE=2"No more riddles."[/size]
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get the cd. it's how money gets made.

in at 8:14 am with 600s@ $1.00 .
correction: should be 10:14 am est
gennove- backstop/mentor described a couple pages back.

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[SIZE=2"No more riddles."[/size]
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get the cd. it's how money gets made.