Look at the pumps crashing in this blog post from 2010...specifically look at HHWW, I was short 35k at 2.71 and covered in the 2.50s there...same day it went to 1.35! Same exact drop on ECRY today...same 50% drop in 2 hours on day 13 of the pump as the promoter's last pump ALKM...I messed up but still banked...this guy did better making $16,000+
Posted Dec 10, 14 5:24 PMbytimothysykes
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this was an awesome play, I watched ever step of it, tired to short at .43 but IB did not have any shares left :( bummer....at least learned a lot from watching it first hand. God job all who profited :)
Thanks for the detail of this video lesson, Tim. I've only been a challenge student 2 months, TUDYING full time, I finally got my SureTrader account open today (not that I'd have been able to find ECRY shorts with them), but so very useful to see your own trades tick for tock, but moreso, a great feeling to fully understand the reasoning behind them. Your syllabus is fantastic.
Thanks Tim.
Still holding about 5k shares. Kept shorting and covering, boosting my effective rate to .$84 per share. Thinking of finally dumping it @ $.15 maybe.
Still holding about 5k shares. Kept shorting and covering, boosting my effective rate to .$84 per share. Thinking of finally dumping it @ $.15 maybe.
Thanks!
Hello Timothy, Thank you for the lesson. Caught the last bit of $ECRY. Good call!!
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watched!
In this lesson Tim explains how these patterns are bread and butter and very similar just how Tim repeats in previous lessons these patterns are the same they have withstood the test of time, if we take the time to really learn them and the Rules that go with trading them then we can really profit of their low risk of being short specially when the patterns are towards the ending they can collapse 40 50% or more he even showed two different tickers side by side that had similar panic. (y)
Nice play, same pattern as always!
I love this! Man, someone needs to put you in a headlock for like 15 minutes lol. I'd take half off after the break cuz I'm a wuss too but man then let the rest ride until end of day. !!This needs to be categorized as earnings as well because you make a good point about earnings winners that don't hold their gains!! #Choppyisbad
like flies to the light, if you go just by technical analysis - you might get lured in and than CRUSHED!
TY Tim
great
thank you Tim
watched and learning.
Thanks Tim
Swell Info
Good lesson
Lessons 2341-2343: Shorting $ECRY, 12/10/14, thanks Tim
Sometimes promoters can create a fake technical brakeout and then crash it huge shortly after.
#FutureMillionaire
none
Thanks Tim
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thank you
Video watched. Thanks Tim.
Thanks Tim
Thank you Tim
Thanks Tim, awesome video!
Thanks Tim!
Thanks Tim
Thank you Tim.
Earning winners needs to hold gains, be careful of fakeout breakouts, Thanks Tim!
2nd watch
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