The point of chat


Chat exists for two main reasons:

1. So that traders can alert each other to momentum stocks that may be worth trading.
2. So that followers of PennyStocksPAYD have another method for seeing PAYD’ alerts and he can discuss his thoughts on current trades.



A Caution

Most alerts in chat are solely to announce that a stock is on the move … this means that it is worth watching, not necessarily worth trading. In addition, there are plenty of bad traders (as well as good traders) in chat … please do not follow others’ trades unless you have a clear understanding of their strategy and their success rate and are willing to take responsibility for your own profits and losses.



Help

If you have questions about anything related to chat, please enter a private chat with PAYD, the chat administrator. If for some reason you get cannot connect to chat, send him an email (admin@pennystockspayd.com).



Chat Rules

1. Be polite.
2. Tickers must be typed in CAPS. Stock chat abbreviations can be found below (and should never be in CAPS). There is also a list of general chat abbreviations below.
3. The topic of the chat room is momentum stock alerts, primarily for stocks priced under $15. If a higher-priced stock has momentum (such as a 10% move due to news) then it is acceptable. While people can make money from other kinds of trading, scalping stocks such as AAPL or playing merger arbitrage or scalping ETFs is off-topic. Stocks that do not have much volume are generally off-topic as well … to day-trade we need volume.
4. We are not investors. The chat room is not the place for your in-depth due diligence on stocks you are trading. If you do something like that please discuss it outside of market hours.
5. Stay on topic during the trading day and for the 30 minutes prior to the market open (from 9am Eastern to 4pm Eastern); keep to stock alerts and brief discussion of potential trades. Feel free to chat about anything after trading hours. If you wish to discuss something random during the trading day, use a private message.
6. Everything that is not a stock alert or a brief discussion (two sentences or less) of a potential stock trade is off-topic during the trading day. There is no tolerance for off-topic posts in the main chat room. Off-topic posts will result in a gag, without warning. The only one who is allowed to post anything off-topic is PAYD, because it is his chat room (consequently, people can respond to any of his off-topic posts).
7. Colors, bold, and italics are reserved for the chat room administrator.
8. No pumping or promoting stocks or bashing stocks. If there is relevant news, then post it. But do not say things like “Come on SIRI!” or “XXX is a fraud.
9. 9. No stocks under $0.0075 unless specifically approved by the chat administrator PAYD. No stocks that have high spread or are trading below 200k daily dollar volume.
10. If you give an alert, give a reason; don’t just type the ticker. For example, instead of typing “ECOB!”, type “ECOB dropping like a rock!”
11. Do not alert stocks that aren’t moving or don’t have interesting charts. Avoid mentioning higher-priced stocks (those over $15) unless they have a lot of momentum.
12. Please no random questions during the trading day (i.e., “What brokerage do you use?”). Wait until after hours or use the off-topic room to ask others in chat. You can ask the chat administrator (PAYD) in a private chat.
13. Questions and alerts on whether a stock is shortable are off-topic during market hours. If you want to know where a particular trader borrowed shares to short, send them a whisper/private message.
14. Anyone violating chat room rules or just being annoying will be gagged (anything they type will not be seen by others). Significant abuses can lead to completely banning a subscriber from the chatroom. Significant abuses that will lead to banning from chat include but are not limited to: spamming, harassment of other users, use of sexually demeaning or racist language, and encouraging people to violate the law.
15. Ownership of and responsibility of the comments made in the chat room remains with those who type the comments. We PennyStocksPAYD are not responsible for the statements of those who make comments in the chat room. We reserve the right to gag, kick, or ban anyone from the chat room for any reason whatsoever.
16. We PennyStocksPAYD are not financial advisers. We do not give financial advice. We cannot tell you if you should make a trade. All traders need to make their own decisions about what and when to trade.



Helpful hints for using chat

1. To request a private chat with a person, left-click on their name and select “Private ”. The private chat will open up in a new tab in the chat window.
2. To send a whisper message (a short message to another user that no one else will see), left-click on that person’s name and select “Whisper”.
3. To send a private message (a short message to another user that others can see), left-click on that person’s name and select “Private “ Please use these sparingly and only for on-topic comments.
4. To see what people said before you joined, click on “History” towards the top middle of the chat window (just to the right of “Rooms”).
5. To change your chat settings, click on the logout button.



What can I post on Pounding Tables and what is it for?

1.  Pounding Tables is created primarily for people to share their ideas hopefully only the best ones allowed.
2.  Same rules apply to Pounding Tables as for our Chat Rules
3.  Please do not post junk on our Pounding Tables, only ideal epic setups / New Promos



Stock chat abbreviations

adr – Average daily range of a stock over a number of days (the larger the number the more volatile the stock).
b/o – Breakout
o/n – Overnight
a/n — Afternoon
e/r – Earnings release
ss – Short sell
l/f – Low float stock (very few shares oustanding, generally under 10 million, so these stocks can move a lot on low volume)
hod – High of the day (not including pre-market data)
nhod – New high of the day (used when a stock has broken above a previous high)
52s – 52 week highs
lod – Low of the day (not including pre-market data)
nlod – New low of the day (used when a stock has broken below a previous low)
pre hod – the pre-market high of the day
pre lod – the pre-market low of the day
sup – Support
res – Resistance
red – A stock that is below its previous day’s close
green – A stock that is above its previous day’s close
r/g – A stock going from red to green
g/r – A stock going from green to red
pre – Pre-market trading
a/h – After-hours trading
eod – End of day



Common chat abbreviations

afk – Away from keyboard
idk – I don’t know
iirc – If I remember correctly
imho / imo – In my (humble) opinion
ttyl – Talk to you later
bbl – Be back later
lol – Laughing out loud
pm – Private message (this is called private chat in the chat program)
tia – Thanks in advance
ty – Thank you
yw – You’re welcome

 

Common stock / penny stock abbreviations

MM – Market maker
TOS – Thinkorswim, a brokerage
IB – Interactive Brokers, a brokerage
Sogo – Sogotrade, a brokerage (they also have another trading platform called SogoElite)

 

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