timothysykes

Entry comments: One last trade for the day in my new big IB account during my live http://tim.ly/sykesmc webinar, new contract on the government website http://tim.ly/2iZgtmY no PR yet, probably next week, DO NOT CHASE, annoying 5 cent/share spread program, only dip bought it off big drop from 3.60 and above 3.20 is a multi-month breakout so limited risk, goal is to sell near the 3.60 high again

Exit comments: Accidentally just sold while giving a live http://tim.ly/sykesmc webinar LOL, meant to put my sell at 3.25, typo and made a whopping 2 cents/share, woohoo, serves me right, sums up my day nicely, I'm done, back to the corner I go

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Position Updates

  • Jan 06, 17 1:18 PM: Bought 10000 at 3.25 - One last trade for the day in my new big IB account during my live http://tim.ly/sykesmc webinar, new contract on the government website http://tim.ly/2iZgtmY no PR yet, probably next week, DO NOT CHASE, annoying 5 cent/share spread program, only dip bought it off big drop from 3.60 and above 3.20 is a multi-month breakout so limited risk, goal is to sell near the 3.60 high again
  • Jan 06, 17 1:38 PM: Added 7500 at 3.10 - Added more on the dip as some people I think are disappointed and they're selling, nice dip buy opportunity for me to lower my average cost, the benefit of trading big a big account...this is not a stock for small accounts as it's just not volatile enough, goal is still to profit, but reducing my goals to the 3.30s. 3.40s...only dip buys on this stock not chases
  • Jan 06, 17 2:28 PM: Sold 17500 at 3.20 - Accidentally just sold while giving a live http://tim.ly/sykesmc webinar LOL, meant to put my sell at 3.25, typo and made a whopping 2 cents/share, woohoo, serves me right, sums up my day nicely, I'm done, back to the corner I go
DatePrice
Entry1/6/20173.1857
Exit1/6/20173.21
  • Total Views1,615
  • Position Size17,500
  • Percentage0.76%
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brentlsu
brentlsuJan 06, 17 1:31 PM

So you feel like if it drops it will certainly only fall at the 3.10 level that it previously plateaued at earlier today??? Therefore, risk/reward 10 outta 10

Csethc77
Csethc77Jan 06, 17 2:29 PM

So recommending a sell @ around 3.25? No wait on news?

FreddydaFish
FreddydaFishJan 06, 17 2:30 PM

Yup...definitely over trading lol

Csethc77
Csethc77Jan 06, 17 2:44 PM

I know nobody wants to question you but you had just posted news was not out yet and the stock would likely spike afterward. Why sell @ 4.25 then?

timothysykes
timothysykesJan 06, 17 2:46 PM

@Csethc77 the news is out on the government website, just no official PR yet, hence the inefficiency and why I dip bought

ItchiPalmsMcGee
ItchiPalmsMcGeeJan 06, 17 2:47 PM

I dip bought on your exit. Got the alert as it was happening and all the sudden my orders were filled. A different thank you than usual but one never the less indeed. It's a pleasure learning from you as always.

Csethc77
Csethc77Jan 06, 17 2:50 PM

@timothysykes OK, So they actual PR might bump the stock but you did not like movement so you did not want to hold over the weekend? Just trying to understand. NOT doubting or criticizing

timothysykes
timothysykesJan 06, 17 2:59 PM

@Csethc77 no problem, get in my webinar, I just spent an hour explaining the ins and outs here

traderchecklist1953
traderchecklist1953Jan 06, 17 3:51 PM

Humour is one of your great attributes. Thanks for punctuating our lives with it in your whirlwind days of work. It inspires and ignites attention.

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