Here was Friday's episode of Answerstock if you missed it and definitely take advantage of our 30-60% off Thanksgiving sales HERE and HERE
Below is my morning cover on my short of KBIO for a profit of a few hundred bucks before it spiked up huge after-hours...I also re-shorted later in the day and lost $5,000+ when the news hit, but again I covered conservatively and saved myself from a possible six figure loss if I hadn't cut losses quickly...my video guy pulled this clip from this week's live trading challenge webinar so you can get an idea of my mindset when I'm shorting dangerous stocks like this...I NEVER look to make 5-10 cents/share, but when a stock doesn't crack a key level, I play it safe and cover safely...too many other short sellers don't share in my conservatism/cowardice and sadly they now have learned thanks to KBIO the consequences of being a gunslinger...don't make that mistake PLEASE!
Thanks to KBIO going full on Supernova, some people are now saying they'll never short sell again and that's a mistake...short selling low float stocks can be dangerous when you don't follow the rules just like driving can be dangerous if you blow through stop signs and red lights, but that's doesn't mean you should never drive again...it means you should learn and follow the rules...cutting losses quickly is NOT optional!
Video isn't working.
I covered KBIO too! haha But much later in the day. I shoulda gone long but held my mouse.
Video works great...thanks for this!!!
hard to hear
Liked your cowardice. Savvy.
That was a quick video. Love the explanation of playing it safe when you are short selling.
watched and learning!
nice
fine stuff
thank you Tim :)
This lesson shows how you must adapt to price action at All times to protect your account just how the Rules say you must, here we see how Tim covered before the big spike and stated that this seemed to be making a double bottom and the trend is changing and the price action feels like there just is not enough selling, very educational lesson.
cool video
Quick short lesson, beware the double bottom.
nice play it safe and lock in those gains
nice level 2 action! be aware of the double bottom and double top
Thanks Tim!
Scary how everything seems normal, you really have to be on top of things if you're shorting. Especially so if you're holding it overnight. However, its good to see that the rules can protect against the most hyperbolic charts.
TY Tim
Thanks Tim
Be fully aware of a double bottom or double top no matter the trend. Thanks Tim
thank you Tim
great
It is dangerous when you don't follow the rules when it comes to trading , like driving can be dangerous when you blow through stop lights and red lights...I really like that analogy!!!
#FutureMillionaire
none
Thanks Tim
Thanks Tim
Video watched. Muchas Gracias.
thanks tim short but sweet. nice short on kbio broke the 2 key level and yes in hindsight but this babe got squeezed all the way to 50's
Thanks Tim
You cannot cheat your way to success. Learn from the past, study in the present, and prepare for the future.
Thanks Tim!
Thanks Tim
+
Thanks Tim
Thank you Tim.
2nd watch
Join now or log in to leave a comment