Today here's an important lesson, there's no shame in being wrong...EVER...go into a trade with a plan and thesis and if you're proven wrong at anytime, just get out...cut losses...move on...unfortunately, many newbie traders have a tough time with this...here are 2 free live trading webinars HERE and HERE to help you understand this more, but definitely watch this video below and have a great weekend!
Posted Oct 10, 15 2:19 PMbytimothysykes
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Great video as always !
Great video lesson! I missed too many after hours trades because I did not have buying power or good executions. Will definitely switch to eTrade. The proof is in the Profitly.
tim you never stop working to help us to be successful you are an amazing teacher thank you for everything you do for us
great lesson tim! You're always so smooth with your trading. Happy weekend to you too!
@viptrader NEVER stop working, too many great $RITT $OREX $MEET $ETFC $IBKR lessons you NEED to know!
Thank you, appreciate the lesson!
You are brilliant dude! It is just insane how hard you work. I aim to be like you someday.
@timothysykes, i´m really really inspired by your hard work with your business (maybe 70-80 intense hours/week ?) A example to follow ;-).
Thanks for the lesson. I actually lost some $ with this trade, but I like cut loss quickly more than hold and hope strategy. Thanks for the lesson @timothysykes
yes great video tim... thanks
Thank you for putting out those webinars. This is very valuable to hear your thoughts intraday, I study the details and these have been most helpful. I hope others sit through the boring slower situations/webinars to gain all that thought pattern from you by analyzing what you say/see over and over, I'm always hunting knowledge from you! Thank you
Thanks!
There's new article about this filling here http://bit.ly/1OtLWsb This part from it "Orexigen Therapeutics, Inc. (NASDAQ:OREX) is a newly disclosed equity position for the hedge fund and the filing was required due to activity on September30,2015." The filling happened on Sept 30. 10 days ago and it signed by Seth A. Klarman on Oct 9. What do you think @timothysykes ?
I learned something in this videos' lesson when tim asked a Very good question!, while watching level 2, why it was building up to many shorts seller? That you didnt know. Good observation, better way of thinking.
Dip buy but dont chase,Earning winners do tend to retest their previous high once they "dip".
@ahmadhassan82 no idea, when in doubt, get out
watched
solid video!
Very informative video lesson!
@Decensteve Yeah, most important thing i learned from this video too!
thank you Tim, play it safe, its key to your survival :)
The main key take away from this is understand that price action can change at any moments notice even when you have a solid thesis and all the right indicators, price action is what you must listen to, you cannot get stubborn or biased if price action is not going exactly how you expected then fold get out to protect, if price action is working according to your expectations then hold ride the move but aim small miss small do not aim for perfection aim for the meat of the move. Very good lesson
@timothysykes hi tim, thanks for all the videos! at 5:20, how were u so sure it was tape painting?
watched and learning!
fold not hold! like it!
Great video Tim
nice one thanks Tim
When in doubt, get out
Earnings winners can be quick or take some time to play out.
TY Tim
Earnings winners like to retest there highs. there might be A/H news on fridays that you can capitalize on when other traders quit for the week. and if you dont feel comfortable in the trade or with your broker cut your losses or gains and get out play it safe. Thanks Tim
Thanks Tim
Dip buy earnings winners on day 2 or and only holdif the price action is in your favor. and look for news 30min or an hour after market close on fridays. Thanks Tim
i applied your lessons to life haha
thank you Tim
great
Thanks Tim, when you are not sure get out.
When you unsure get out, earnings winners like to test their highs, Friday evening is best for billionaire plays.
watched, Thanks Tim
Thanks Tim!
none
tks tim
Thanks Tim
Video watched. Muchas Gracias.
Thank you Tim
Thank You Tim !!!!
thanks tim its good to see the evolution of your thinking , you bought meet on good news and dip bought it when it was holding it highs and even though it tank your thesis was right and ocrx was a good lesson on why cutting your losses is gud
Thanks Tim
Thanks Tim!
Knowledge supports growth.
Watched. Thanks!
thank you
Thank You Tim!
+
Thanks Tim
Thanks Tim
Thank you Tim.
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