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2 minutes in. I agree with some of this - watch group action (if you are long, ensure that it is strong too) to ensure false breakouts are minimized, he doesn't mention this. Stan Weinstein and Jesse Livermore watch group action.



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That's a new entry - what the heck is The Bank of Georgia doing in there? LSE:BGEO The chart looks super strong though, worth investigating more.


^BGEO WEEKLY CHART, That is some serious volume spike. I don't know if it was a fund manager - I'm just joking. But the tail tail signs are there, that the early bird gets the worm.

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As a probing experiment, I put a small position on TW. at 103p, we have no confirmation from BDEV (see the BDEV thread) or from the NMX3720 group just yet. In the July Stock Challenge I'm currently at 29 (+1.44%) out of 82. Most people are positive as the market is positive, so it is a tough month to stand out from the crowd.



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Some useful information on Ed Seykota's website (who appears in Market Wizards by J Swagger and Trend Following by M Covel), notably Risk Management





-- "Pyramiding instructions appear on dollar bills. Add smaller and smaller amounts on the way up. Keep your eye open at the top" Ed Seykota



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Those Alternative Investment Market (AIM) 100x bagger junior miners for unobtanium on Pluto, or the next chocolate therapy weight loss idea could soon be allowed in a ISA-tax free wrapper for the masses......


AIM stocks to be allowed in Isas by autumn 2013




Time to be a AIM bull? Or time to set up a business as a liar standing around a hole? There's unobtanium in thar hills!



^How else are humans going to raise finance to mine far away planets? This installation has a substantial dollar value attached to it!



^Historic chart of the FTSE ALL Share AIM Index - wallowing at all time lows. In the boom days, typically £1000 invested in a tech stock would increase in value to £64,000 (according to maybe a BS poster on ADVFN) in the boom years of the tech bubble I was told. I was too young then to invest in shares then - it is time for the cycle to repeat surely!?

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Hubris in 1997 worth a watch, and if possible save them. A lot of videos appear to be disappearing off Youtube, possibly due to copyright worms coming out of the woodwork. I noticed something was odd when trying to look for a decent "Aliens" clip in the above post.



More videos on this thread http://www.greenener...showtopic=16674



^This one was removed from the original thread.

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I thought this guy dropped off the radar after inflation.us stopped updating regularly, but G4T has a channel with regular updates on the harsh side of being on the wrong side of the US recession/ "attack of the zombies" http://www.youtube.c...e?feature=watch





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Some useful information on Ed Seykota's website (who appears in Market Wizards by J Swagger and Trend Following by M Covel), notably Risk Management





-- "Pyramiding instructions appear on dollar bills. Add smaller and smaller amounts on the way up. Keep your eye open at the top" Ed Seykota




It is going to be good advice at some point.


Long term Bull, Jeff Saut, is also looking for a Turning point imminently


Hubris in 1997 worth a watch, and if possible save them. A lot of videos appear to be disappearing off Youtube, possibly due to copyright worms coming out of the woodwork. I noticed something was odd when trying to look for a decent "Aliens" clip in the above post.



More videos on this thread http://www.greenener...showtopic=16674


Cramer = Dirt Bag, in my book

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The Jesse Livermore Experiment.


You can take part here. No trading experience needed!




Jesse Livermore traded the US markets. He said to focus on the strongest industries and the strongest stocks within that industry. By the simplest method I shall create an experiment on this thread and you all can follow this experiment in real time too. I know nothing about the US markets so this will be something new for me too.


If one goes to bigcharts.marketwatch.com, and select the industries tab.


Now scroll down, and you will see the top ten best performing industries for the last 3 months. It is set to default at 3 months, we'll keep it that way as I don't know any better at this moment.


Right now Tyre makers are at the top as the best performer. Why I don't know, are people traveling more by road? I am not in the business to find out why.


Click on the tyre industry. You can also view the industry index chart (the little icon with a chart picture on the right). It is in a uptrend, a uptrend basically defined as the right hand side of the chart sloping up higher than the left hand side.


The top performing stock is CTB and next is GT. Take a look at both charts, by opening a new browser window for each stock. Direct your browser to bigcharts.marketwatch.com, and type "CTB" in the search window, and click on Advanced chart afterwards. It should show one year of data, and each mark or "bar" is a days worth of trading action on a "daily" chart. We need to ensure both charts are both moving up in uptrends, and not aberrations. Look for confirming action.


Also have a look at the SP500, in another chart window, to check the overall action of the market. If the market is in a uptrend, then we want to be "long" (buying stocks), as opposed to being "short" (betting prices will go down).


CTB, I've never heard of. But look, it has broke out from the 30 area, a round number and therefore a potential pivotal point!* Right now the stock is 33.61, and it broke out with colossal volume. We could enter here with a stop at 28.00 with a target of 43. Let us come back in 3 months (on a weekend when the market is closed) to see if we can pyramid onto our position at 43.


GT is Goodyear Tyres.


This is for fun only - Do your own research. I have wrote this in a basic manner, so even Mrs Notanewmember can follow this. No guarantees of course - the market could turn and all bets are off!


*Look back further in time for CTB and GT. Did they clear the previous round numbers in a similar fashion? 10, 20 etc?

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A humbled super speculator Victor Niederhoffer interview after losing everything in the 1997 Financial crisis. Includes a picture of Soros telling him - "I told you so".


He made a come back in 2002*, but was caught out once more in 2007.


7. I guess not a lucky number for him. Beware in 2017 Mr Niederhoffer!


* http://en.wikipedia....or_Niederhoffer




I am not sure of what he did in 1987, but there was a big crash then too.

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Anton Kreil trader interview - ignore the Goldman sachs title, this man traded when he was 16.


Part 1 http://www.youtube.com/watch?v=9h3lByx59ns


Part 2 http://www.youtube.com/watch?v=LoIJZEbOLuc


Part 3 youtube.com/watch?v=zn-uhqRlLzE


Part 4 youtube.com/watch?v=flhma66uw0k


Part 5 youtube.com/watch?v=pf5S1nHhlQ4


Part 6 youtube.com/watch?v=Fpp-DqnhTzQ

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Neiderhoffer : a modern day Jessie Livermore


I liked his book, and even had a chance to watch him play squash (at the Harvard Club of NYC) when he was ranked #1

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Anton Kreil trader interview - ignore the Goldman sachs title, this man traded when he was 16.



This was the guy on Million Dollar Traders.


Personally that program left me sick in the stomach - it was all geared to day-trading, but of course that's what you need for compelling TV.

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This one by Mark Douglas, some useful information in this one. Not every technical pattern will give you a result. However the edge, over time allows you to profit. You flip a coin 10 times, you may get 8 heads and 2 tails even if the coin is designed to give 70% tails. The SAMPLE SIZE is too small - you must flip 100, 1000, 2000 times. Can one wait to flip or make 2000 trades without being emotionally drained? There is good information about one who should be making paper trades to practice, practice practice!



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In came across this by chance. Anyone heard of Livermore Investments? I don't think it has anything to do with THE Livermore, but worth a look.






$93m market cap 48p share price. 195m shares in issue. If it can close over 53p in the next three months, that would present a buy signal.

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The Ed Seykota's Whipsaw song, the Trend Following King. Yes erm try to pick out the meanings. The jewels to his success are in there.




The underlined bits are my notes,


When you get whipsawed out, wait and do something else, one good trend pays for the false breakouts.

You get a whip and I get a saw, honey


You get a whip and I get a saw, babe

A A7

You get a whip and I get a saw



One good trend pays for 'em all.


A E7 A

Honey, trader, ba-by mine.


The only reason to completely sell out of your position is when you are stopped out (maybe with a trailing stop) by following the trade plan.

Banjo (Ride Your Winners):

What do we do when we catch a trend, honey … etc.

We ride that trend right to the end.


Cut your losses, don't average down, or move your stops down.

Mandolin (Cut Your Losses):

What do we do when we show a loss, honey … etc.

We give that dag-gone loss a toss.


Either your stop is closer, or you reduce your risk by reducing your dollar size. Don't put all your money on one horse.

Fiddle (Manage Your Risk):

How do we know when our risk is right, honey … etc.

We make a lot of money and we sleep at night.


If there is a price breakout, it may retest the previous resistance, don't panic, follow the trade plan.

Guitar (Use Stops):

What do we do when the price breaks through, honey … etc.

Our stops are in so there's nothing to do.


The market is correcting hard (we've had at least 2 of them between 2012 and 2013), we don't panic.

Bass (Stick to the System):

What do we do when a draw down comes, honey

What do we do when it gets real big, babe

What do we do when it’s even bigger …

We stick to the plan and pull the trigger.


We are not swayed by the news. It is usually too late to act upon it. Follow the trade plan.

Banjo (File the News):

What do we do with a hot news flash, honey … etc.

We stash that flash right in the trash.






Ed Seykota Quote 1:


“Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.”


Ed Seykota Quote 2:


“Fundamentals that you read about are typically useless as the market has already discounted the price, and I call them “funny-mentals”. However, if you catch on early, before others believe, you might have valuable “surprise-a-mentals”.”


Ed Seykota Quote 3:


“If you can’t measure it, you probably can’t manage it… Things you measure tend to improve.”


Ed Seykota Quote 4:


“The key to long-term survival and prosperity has a lot to do with the money management techniques incorporated into the technical system.”


Ed Seykota Quote 5:


“There are old traders and there are bold traders, but there are very few old, bold traders.”


Ed Seykota Quote 6:


“”I would add that I consider myself and how I do things as a kind of system which, by definition, I always follow.”


Ed Seykota Quote 7:


“Systems trading is ultimately discretionary. The manager still has to decide how much risk to accept, which markets to play, and how aggressively to increase and decrease the trading base as a function of equity change.”


Ed Seykota Quote 8:


“Trying to trade during a losing streak is emotionally devastating. Trying to play “catch up” is lethal.”


Ed Seykota Quote 9:


“The elements of good trading are: 1, cutting losses. 2, cutting losses. And 3, cutting losses. If you can follow these three rules, you may have a chance.”


Ed Seykota Quote 10:


“Losing a position is aggravating, whereas losing your nerve is devastating.”


Ed Seykota Quote 11:


” The markets are the same now as they were five to ten years ago because they keep changing – just like they did then.”


Ed Seykota Quote 12:


“Luck plays an enormous role in trading success. Some people were lucky enough to be born smart, while others were even smarter and got born lucky.”


Ed Seykota Quote 13:


“Having a quote machine is like having a slot machine at your desk – you end up feeding it all day long. I get my price data after the close each day.”


Ed Seykota Quote 14:


“A losing trader can do little to transform himself into a winning trader. A losing trader is not going to want to transform himself. That’s the kind of thing winning traders do.”


Ed Seykota Quote 15:


“If you can’t take a small loss, sooner or later you will take the mother of all losses.”


Ed Seykota Quote 16:


“It is a happy circumstance that when nature gives us true burning desires, she also gives us the means to satisfy them. Those who want to win and lack skill can get someone with skill to help them.”


Ed Seykota Quote 17:


“I usually ignore advice from other traders, especially the ones who believe they are on to a “sure thing”. The old timers, who talk about “maybe there is a chance of so and so,” are often right and early.”


Ed Seykota Quote 18:


“I set protective stops at the same time I enter a trade. I normally move those stops in to lock in a profit as the trend continues.”


Ed Seykota Quote 19:


“I intend to risk below 5 percent on a trade, allowing for poor executions.”


Ed Seykota Quote 20:


“I don’t judge success, I celebrate it. I think success has to do with finding and following one’s calling regardless of financial gain.”


Ed Seykota Quote 21:


(On losing streaks and over-trading) “Acting out this drama could be exciting. However, it also seems terribly expensive. One alternative is to keep bets small and then to systematically keep reducing risk during equity drawdowns. That way you have a gentle financial and emotional touchdown.”


Ed Seykota Quote 22:


“In order of importance to me are: 1) the long term trend, 2) the current chart pattern, and 3)picking a good spot to buy or sell.”


Ed Seykota Quote 23:


“Risk no more that you can afford to lose, and also risk enough so that a win is meaningful.”


Ed Seykota Quote 24:


“Dramatic and emotional trading experiences tend to be negative. Pride is a great banana peel, as are hope, fear, and greed. My biggest slip-ups occurred shortly after I got emotionally involved with positions.”


Ed Seykota Quote 25:


“Be sensitive to subtle differences between ‘intuition’ and ‘into wishing’.”


Ed Seykota Quote 26:


“The trading rules I live by are: 1. Cut losses. 2. Ride winners. 3. Keep bets small. 4. Follow the rules without question. 5. Know when to break the rules.”

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Youtube is a bit of goldmine but most people seem to concentrate on celebrity news, video games and music videos. Terrestrial TV doesn't appear to show many documentaries as it used to either.


Here is a nugget - and it's free!



Li Ka-Shing biography - from rags to riches. This is the guy who recently bought Northumbian Water.


Example of the popular videos out there, and this was only released today, with 1/2 million views; http://www.youtube.com/watch?v=NZitXZHdoJg

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^HIBU suspended today at 0.17p. An all to familiar chart pattern in stock charts since 2007!


The famous Yellow Pages or YELL, or more recently HIBU has been suspended today after the banks pulling the plug on £2.3bn of debt. Just another line of shareholders being shafted. I can think of GAME, HMV, Northern Rock, Clinton Cards, Connaught, JJB, Woolworths, off the top of my head going down the same route. A lot pain on the BB boards in a similar vain to the other companies. This is from ADVFN




25 Jul'13 - 07:18 - 8240 of 8369 0 0







25 Jul'13 - 07:41 - 8255 of 8369 0 0


I'm down £26k on this lemon it's a tough lesson but you've got to take it.


There where plenty of opportunities to get out so if you are still holding you only have yourself to blame.


To be fair 12,000 boys and girls have still got jobs (for now) so that's got to be a positive.







25 Jul'13 - 08:02 - 8258 of 8369 0 0


Well this is my first post on here. Been doing shares for a very long time but never seem to get it right. Aim shares are just like a casino where genuine investors have very little chance of making money. From what i can see there is far too much in the way of underhandedness from so called people in the know and indeed from people that run companies such as Hibu and the market. What a complete joke Hibu has turned out to be.


I know it was high risk and yes I should have know better than to invest in such a poorly run company. All the mis-information and lies given by Pocock et al should have made me not want to touch this pile of rubbish with a barge pole. There was mention of microsoft having an interest and such. All of the so called plus points seem be have been lies by these bunch of crooks.


The one reason why i stuck with this is the one comment by the management that suggested shareholders interest will be considered or words to that effect. Hindsight obviously comes to mind.


Of course the people at the top will be fine...it's always the way. I just hope there is a bit of karma whereby these people that have screwed us over get their comeuppance.


It would seem aim shares are for the very lucky or very brave. I think most people lose in the end with aim and that includes me. I'm left with a loss of about £4k this time round and i'm sure other investors have lost more.


I never did join the HSG group as i was not sure it would have any real effect. Unfortunately this seems to be the case.


I hope to live another day. Maybe will have more chance swimming in shark infested waters than investing in aim.......







25 Jul'13 - 15:03 - 8329 of 8369 0 0


What a complete idiot, who will probably not learn from his naive mistakes. Let's break it down and translate:


Dear Mr Pocock


I have been a shareholder in Yell / Hibu since March 2009. I always believed in the potential of the company and still believe it will thrive.


Hence, over the 4 years I have accumulated over 13million shares, this represents my life savings! I have not sold any shares even when reached the peak of 88p in 2009, as I could see the potential.


[so you didn't take any profits off the table whatsoever when you clearly would have been in profit as you thought it would just keep going up. First mistake, greed.]


I know these are just shares and shouldn't invest more than one can loose, but I truly trusted you and that you would turn this company around.


[Why did you trust him. Because you had a vested interest when he took over and you were wearing rose tinted glasses, that is why. It was easier to "trust" him and hope for the best than to cut your losses.]



Your announcement today of complete wipe out for shareholders was completely devastating news for me and my family! I don't know how I will face my wife and children now to tell them their future money has been all lost!


[Why was it devastating news for you? If you had been bothered to read all the announcements from a company where all your life savings were invested you may have realised that you were being warned repeatedly that the shares will have little or no value"]


I was expecting the restructure to reduce current shareholders share, for which I was happy as I would still be part of Hibu going forward. I was not expecting you to negotiate a deal that would result in complete wipe-out of current shareholders (While I note the directors keep their jobs!). [You were warned that no value could be the case] I am sure there could have been some win- win compromise situation. Even if just 5% of the company was left or just 1-2p payout for current shareholders, that would have been at least something! That would not have been a big deal for the Co-Com to compromise on, but it seems the people that have, just get greedier. I don't know how the Board or Co-Com can sleep at night knowing you have ruined peoples lives and future! [Don't blame others. You bought them, you presumably read the warnings and you chose not to sell.]


Thank you.







The creditors include George Soros' hedge fund, US private equity group Blackstone and the major European investment bank Deutsche Bank.

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