Nothing huge today so far, but some solid speculative trades and volatility to profit from...thanks to the new StocksToTrade.com platform for finding SFUN this morning, remember to email admin@timothysykes.com if you want to be kept updated as we FINALLY launch this MUST-USE completely-rebuilt-from-scratch software program November 15th:
Posted Oct 27, 15 1:15 PMbytimothysykes
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What happened to your position on SureTrader?
Hey Diamond_Dave-you were right! Nov. 15th ;))
@Tmmartin357 I prefer Etrade/Interactive Brokers, watch http://tim.ly/2016brokers
Little exerience and PDT are making me be very cautious, trying to plan, and see good entry points. Have to admit still a little uneasy with holding overnight. Working at it. Thanks!
Awesome Video lesson!!! one thing i would say if you give heads up before you trade something..It will be more awesome.. since sometimes the alert comes so late that we often miss the point.. thanks again
watched it
what trading would be good in Canada
watched, thank you Sir!!!
Thank You! I couldn't figure out how you knew that XGTI would bounce instead of continuing to crash at your entry point. Was definitely looking forward to your commentary on that play.
Thanks Tim
Awesome lesson! One of the main points is patience!! Something I still struggle with but getting better at through your teachings. Grateful for the lesson. Thanks Sykes!
Thanks for the lesson. I like getting a daily video lesson. It helps to clarify patterns and thoughts from the day.
I love Tim's concepts but I disagree with the comment that you don't have to be sitting in front of the computer.. I work full time.. I can tell you that most of the big losses that I had, has beeen because I could not be watching constantly for trades going badly... So even though the concepts and strategies are great, you CANNOT do this effectively if you are working full time and do not have the time to follow the trades.
Thanks for the lesson Tim, I am ashamed to say that I was one of the ppl that went long on UQM and went in at the wrong entry position. After watching this, it is a lot clearer to me and I thankyou for explaining it. #lessonlearnt
I also need to get level 2. Its hard to trade without this. I was going to upgrade my subscription with my broker but I will wait until Stocks to trade comes out and get it there instead
@shmori stick to perfect plays like buying earnings winners like MEEt and shorting pumps like PTRA and you can hold stocks for days/weeks
GREAT VIDEO LESSON. THANKS TS.
@shmori AGREED!!
@freedomfan because you're trading speculative ideas instead of sticking to better setups :)
@timothysykes Will do... But Don't get me wrong.. I love the strategies.. And if you follow the principles you teach, you will come ahead... I just wish I had the chance to do this full time...One day, I'll do it.. It's the damn student loans that prevent me from doing it. :)
Great risk/reward lesson for small accounts like me,need to hammer this into my brain.....
great lesson
Summary Valuable lesson: if the setup it is not perfect then it is best to give it time to potentially get a better entry. For example if looking to short and it is taking time to really crack then think about waiting for a spike to enter. You dont HAVE to be in a trade
The main key take away from this lesson is to trade safe at all times, always adapting to price action so as to protect your account, among other examples here we see a ticker that the original thesis was a bigger move during the day on the long side based on the pre-market move, but then we see that the price action changed and was running into a solid wall so then Tim adapted and got out because there was a clear wall, others decided to get stubborn and by eod they had announced a financing!
Tim explains that had he know about the financing he would gone short instead but there is no real way to predict it you can anticipate but very unlikely, the stock ended up dropping 1.00 from highs so any holders who might not have cut losses quickly instead added breaking rules more than likely had even bigger losses, something that could have been prevented if you just stick to the rules that are there to protect you. Always adapt,we see not to chase a move even to the downside on article
Tim explains had he know about the financing he would have shorted instead but there is no real way to predict it, you can anticipate but very unlikely, the stock ended up dropping 1.00 from highs so any holders who might not have cut losses quickly instead added breaking rules more than likely had even bigger losses, something that could have been prevented if you just stick to the rules that are there to protect you. Always adapt,we also see not to chase a move even to the downside on article
Learned not to swing for the home run, take smaller positions and just be very careful, watch the price action and adapt to it, better to lose just a few cents or holding and most likely losing 30 cents, lots to learn in this video,
watched and learning!
and with those two brokers you are already up 100k! That is bad ass trading skill!
Awesome lesson, video lesson marathon
Good video
Thanks. Acknowledged.
nice trading timmay
Thanks Tim!
Nice protected short entry with good risk/ reward and possible catalyst on your side. Not a huge gain, but good entry prices are especially necessary on more speculative trades. Solid short.
TY Tim
Dont chase a potential B/O wait for the ideal R/R trade setup Thanks Tim
Great Lesson..thanks
Thanks Tim
Very, very relevant lesson
Thank you Tim
great
Thanks Tim
#FutureMillionaire
Thanks Tim!
watched, Thanks Tim
none
Great lesson on exact timing and shorting exposès. Must rewatch!
tks Tim Good lesson
Thanks Tim
Thanks Tim
Video watched. Thanks.
nice plays on speculative plays , the reason why you play small is in the title , and these weren't my ideal plays but you adapted and made morning shorting sfun and uqm nice dip buy into spike then panic
Thanks Tim
Thanks Tim!
Knowledge supports growth.
Watched. Thanks!
thank you
Thanks Tim.
Thank You Tim!
Thanks for the lessons boss
+
Thanks Tim
Thanks Tim
Thank you Tim.
2nd
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