Trading Wisdom
Ferengi Trading Rules of Acquisition
Any Profit is good
Never take losses
Buy low, at the bid, or lower
Sell high, into strength or pops
Avoid the ask (suckers play)
Never buy pops. Buy before
No market orders (limit only)
Be not a bag-holder
Dont ride it down (sell and buy more)
The lowest price for any stock is zero
There is no highest price
Sell before reverse splits, buy after
Buy the shake
Buy shorting shares at the bottom
ASAP, move into free shares
Buy when no one else is. Sell in a crowd
If you make a bag on every stock, you will own the galaxy
Pump your stocks hard, after you’ve bought
Never trade on an empty stomach
Dollars Trump Fluff every time
Trust no one
Beware of huge drops. They can reverse on you
Same with CEO swaps. They can reverse on you
Greed is NOT good. It can lead to losses.
Spend 10 times the time buying as selling
Buy hard, slow and low
Learn the market maker’s tricks
Develop a profitable strategy and never leave it
There is no luck on the OTC, only sweat
You deserve huge profits
98% of OTCBB stocks are pure scams
99.9% of pinkies are pure scams
You can still get rich
There’s nothing better than a good scam
99% of OTC traders will be wiped out
True Ferengis are never wiped out
Latinum always trumps all else
Latinum is king, queen, and jack
There’s always another pop
There’s always another stock
Exploit ruthlessly the errors of others
Reverse mergers are your friend
Get addicted to the 10K Wizard
Dog the known scammers until you are rich
Absorb SEC and OTC Minutia
Search every day for huge splits
Do your homework
Don’t worry about DD for pink sheets
If you are up, be in no hurry to sell
You’ve already missed 1 million pops so dont worry about one more
Ignore CSW (coulda shoulda woulda)
You will make a finite number of trades in your life. Make them count
If you sell a stock before the pop, you’ve lost nothing
You cant play em all
He who makes the most latinum wins
Its all about the latinum
The OTC will kick you in the crotch, so wear a cup
Never under estimate the manipulation of a pinkie
Huge pops are always followed by gut wrenching drops, so get out
The shorts will take yours
Study huge pops and learn. Scour all filings
Low volume or high, all is good
Anything can be traded, else it’s worthless
Fill your account with free shares
A Ferengi can never be too rich, but you ain’t no Ferengi.
Money can’t buy you love
Scammers fear jail. Use it
Your gain is another’s loss: half the fun
Look for real, hard, dollars or deals with “big” companies
Preserve your capital at all costs
Buy with the insiders, heavy
There is nothing more beautiful than stacked bricks of gold-pressed latinum
trade with joy
Assorted Links
Searching Techniques
Movies
Boiler Room (the ultimate)
Wall Street (school time)
Glengarry Glen Ross (get scammed by the best)
The Sting (scams are not new)