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I hope you learn this GREAT trade setup below, these opportunities will pop up again and again!
Posted Sep 29, 15 5:52 PMbytimothysykes
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Basics, Breaking News, Classic Lessons, Earnings, Great Trades, Price Action: Afternoon Fades, Price Action: Buying Dips/Panics, Price Action: Consolidation, Price Action: Morning Spikes, Smallcap, Story Stocks, Swing Trade Catalysts, Technical Analysis, Technology Stocks, Trading Mistakes
Great.. always sending out valuable knowledge/insights of your thoughts!
Nice lesson time for us (me) afraid to trade! I need to take more positions to find my mojo... sweet spot.
@Ebogey yes, be afraid of the market, but recognize repeatable patterns like $FORD $LAKE $RITT and take advantage of that repetition, only the biggest morons in the world fail to see/learn this stuff over time
Good lesson I bought RITT way too early @1.71.
This really made dip-buying crystal clear...now I need to grow a pair.
buying ritt tommorw 290 shares wil hold and try to get potentional sold
Is not Rocket Science:-), dip buy Earning winners with Support,wait for earning winners with good News to drive the Stock, when a stock has fundamental Analysis,technical breakout and a history of spiking,,,BUY It!.rule no2trade ONLY VOLATILE stocks
Prof Sykes, could you, please, tell me did I make a mistake? I thought that I made a great dip buy, but....I'm a rookie and I WANT TO LEARN! I bought this earnings winner on a first dip. Chart says that support is @1.58 (multi month support-ex resist, early sept, and mid August) and that was before this great earnings report. Price bounced of that 1.58 mark and after it bounced I bought it @1.63 (2800 shares) soon it went to 1.77. I probably should have locked at least some profits partially??
Then RITT started fading, making lower highs and lower lows with much lower volume. After it brokedown that 1.58 supp with small volume, and continued fading so I covered half of my position @ 1.54 or something since overall market turned from green to red and RITT was in a fading mode closing bell coming (although I knew it is a earnings winner that could spike any day later). Literally 2 minutes later here comes Tim's alert BUY @1.52. Tim, what did I do wrong, please? Thanks in advance ;-)
GREAT VIDEO TIM...THANKS
The news article is about your history from 1999, your Instagram, your students, your wedding, your vacations and 4 advices of yours on how to be successful.
What charting platform are you using in this video? much cleaner than what I have.
@timothysykes should i hang on to my 290 shares of ritt? or sell and buy 85 shares of blph? which would would i get more of a profit on and or
My new map for trading until I get some right, 1.Cut losses quickly 2.Find a stock that has spiked in reaction to recent earnings. 3.Buy in the afternoon if it holds support. 4.Sell at or near initial highs within 1-3 days. Thanks Tim Got to keep it simple, getting overwhelmed.
Great strategy for traders under the PDT. The steps were clearly defined and examples of when and how to execute were helpful.
Watched. Liked the lesson! dip buying earning winners.
Great lesson Timothy. Thank you
This was a quick recap lesson on bread and butter patterns dip buying earnings winners. As we have learned in previous lessons the best place to buy an earnings winner is after it has reported the results price action has showed it is an earnings winner regardless of the numbers, ideally a nice spike then waiting for a dip near technical support, understand that sometimes earnings winners can run days or weeks after the initial results, thus why we must base our decision on price action.
watched and learning!
Thanks for the lesson!
Cool video
classic earnings winner lesson, thanks Tim
This sweet lesson gets a bookmark! Many thanks
very good lesson on the ins and outs of dip buying earnings winners. classic
Buy at or very close to key support levels to minimize risk. RITT now at 0.02 with 0 volume. RITT is soon to be RIP.
TY Tim
Thanks
Thanks tim another fantastic video lesson on earning winners
thank you Tim
great
AWSOME!
Thank You Tim...dip buying near key support levels...only patterns matter
Great video - with a 3 bullet point lesson for EW - Perfect !!! - Need more of these
Video watched. Thx Tim.
Thank you
watched & bookmarked, buying earning winners at support
Thanks Tim!
None
Love the video Tim...Great insight!
Thanks Tim
Video watched. Thanks.
Thanks Tim
Thank You Tim !!!!
thanks for the rules on dip buying and nice dip buy on ritt
Dip buying for the win. Thanks Tim
Thanks Tim!
thank you
Knowledge supports growth.
Watched. Thanks!
Thank You Tim!
Thanks for the lessons boss
+
Thanks Tim dip buying earnings winner there is not alot of risk
Thanks Tim
Thank you Tim.
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