Tim, did you short on the uptick to 90 or after it had started to come back down? Was there a specific clue that told you it was just a morning spike instead of a continued run-up? You mentioned yesterday that the people who were shorting early were not following your lessons but at the same time shorting at 90 is still a positive 11% so the stock hadn't gone red yet. No criticism, just trying to learn
| Date | Price | |
|---|---|---|
| Entry | 1/7/2014 | 90.00 |
| Exit | 1/7/2014 | 83.86 |
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wait for video lessons/ask questions during challenge webinars, no time otherwise, everyone wants answers, stip being lazy
I'm not being lazy. I've watched both Pennystocking DVD sets and you almost universally say to not try to guess the top and wait until it goes red/has its first down day. I was just asking because this trade seemed to go against what you taught in those DVD sets.
I feel the need to ask the same quest as JVP too. I think that was a good question. I banked $5000 catching while it started to fall...wish there was a tip to know the top instead of catching @ 73. Thnx anyway.
There is no exact science! Just like anything else, the more you do it the better you will be. You can see clues on L2 clues in T&S and using daily minute charts to see what you need to see.
