Entry comments: Bought on the dip just above 2-week support, betting that the promoters try to spike this soon to protect their pump, don't chase, this is a purely meticulous risk/reward trade as it could pop 30-40 cents/share and downside risk is just 5-10 cents/share from my buy entry given the technical support in the 3.60s, reminds me of VISN @6ish in late November before it spiked to the 30s. I doubt this has that much potential but don't under a solid pumping firm like Chardan Capital, they did YOD/XXII
Exit comments: No gap up/morning spike, promoters didn't do their jobs, not the end of the world just disappointing, getting out quick as per my http://tim.ly/thebestrules trading rules...never scary, even when you're wrong about a trade, if you follow the rules, I'd do this trade again and again given the limited risk
| Date | Price | |
|---|---|---|
| Entry | 6/10/2014 | 3.67 |
| Exit | 6/11/2014 | 3.70 |
Im in the process of watching all your videos and learning as much as I can while I still trade paper stocks. I just want to let you know that you inspire me to learn as much as possible and be the best trader I can. Thank you for teaching us!!
You are tenacious Tim. This buy from you has shown/taught me not to fear a stock that has not exactly went your way in recent past. If the catalysts are there buy and make profit. Awesome
Love rule following examples
