lexramApr 27, 16 10:27 AM
That's a $25,500 trade, using your big account not most of your smaller account right?
$1,604 Profit
RESNLong Stock
Entry comments: Bought this contract winner/former runner as its holding its initial gains well, goal is to make 30-50 cents/share on further breakout, I'm not chasing it though, speculative play, kinda like $UNXL so definitely sell into spikes, not a longterm hold
Exit comments: Several other chatrooms now piggybacking my pick, sorry/not sorry for them because nobody should EVER follow anyone's picks, they should learn to spot these themselves and NOT chase...got the delayed morning spike I wanted, but now it lookalike its using resistance from last May at 4.75ish as the top for now so I take safe profits since my goals have mostly been hit here, congrats to all longs, I'll do a video lesson later today
Newsletters:TimChallengeTimAlertsPennystocking Silver
Broker:Interactive Brokers
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| Date | Price | |
|---|---|---|
| Entry | 4/27/2016 | 4.25 |
| Exit | 4/27/2016 | 4.52 |
- Total Views1,531
- Position Size6,000
- Percentage6.35%
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timothysykesApr 27, 16 10:31 AM
@lexram this is how bad at math I am, I meant to put in $12k worth which is 3k shares and I went in wayyyyyy too big, whoops!
lexramApr 27, 16 10:35 AM
That's cool, still working on my sizing so wanted to understand your thought process there, thanks!
derekbravoApr 27, 16 10:39 AM
so more like a $800 gain? Sorry, first day user - just trying to get in the swing of things
timothysykesApr 27, 16 10:40 AM
@derekbravo yup, thats what I was aiming for
1
timothysykesApr 27, 16 10:40 AM
@lexram yah def, sorry about that, didn't realize my size until after LOL
PharmDtrader1Apr 27, 16 10:53 AM
This is so true about not piggybacking a buy, by the time you enter it is too late, they are for learning purposes! Although I must admit when you sell I do look for the short b/c of the immediate sell off trend lol.
jakestevy6Apr 27, 16 11:17 AM
I'm confused how this would only be an actual 800$ gain like derekbravo said?
freshprince91Apr 27, 16 4:49 PM
Jake - he means that it would have only been a $800 win if Tim had bought the 3k shares he meant to instead of the 6k he actually bought
