I did this trade from the dinner table in Sri Lanka (see my Instagram story) because it was such a solid setup...learn to focus on solid setups ONLY and you'll do so much better in the long run...you should've read this book and finished watching this guide by now in case you're wondering what a solid setup looks like:
Posted Feb 01, 19 7:25 AMbytimothysykes
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5 Lesson Friday, Basics, Breaking News, Classic Lessons, Earnings, Great Trades, Price Action: Breakouts, Price Action: Morning Spikes, Story Stocks, Supernovas, Trading Mistakes
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LBUY
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Saw the PR but slow on the draw. Missed my entry and wouldn't chase it
Great Lesson! I was concerned about that overhead resistance
Respect multiday runners and good volume, Nasdaq trades heavier than OTC, buy when already spiking, but don't chase, learn when not to hesitate and when to pull the trigger. This is often the hard part unless you know patterns inside and out
I thought that was a solid play. I missed it but congrats.
Great video lesson! I was concerned with LBUY possible being a slow mover since the volume was not great in reaction to the new.
Thanks Tim - History rhymes and repeats former runners and supernovas can spike again - even with early day volume !!
Thanks for the lesson, I got tunnel vision and only saw the overhead resistance.
Good stuff (y) thanks Tim
Overall, great trade! Would have a good gain for my small account
Made sense as always thanks for the good mental food!!
Was looking at other play so missed this. Thanks Tim.
Thank you Tim, This didn't actually appear on my scan as my % gain scan is set from 15% so I did see this on my scan a bit later after you had bought but yes I do see all the indicators to have traded this. Most of my profit trades have come from 1st Green Day OTC former runners etc. so I try to wait for correct set up and not over trade.
I understood your indicators for buying, it was the low volume that made me question. Noobie here so I didn’t recognize what the potential volume could have/most likely would turn into, great lesson for me on another trading aspect I need to look for, thanks Tim!
Thanks Tim
Great video lesson Thanx Tim and great trade on morning spikers.
Hi Tim. Thank you for this! I remember I saw its resistance and thought the volume was super low (I now realize my mistake). Add to that the fact that I’m in IB with a small account so any trade under $1 is automatically a 1% loss in commissions getting In and then another 1% out I decided not to risk it.
The volume made me hesitate but I understand you comment about volume at the time versus end of day volume
Teetered
Thanks Tim.
Everything you said was 100% spot on....
I thought this was a great video to learn from.. I'm still new and learning so I'm very thankful for your lessons! I was a little distracted yesterday cause my daughter wasn't feeling well.., but it def was a great setup w/ many positives on this one.. Wish I had been more focused.... will keep my eye open.! Thank you!
nice
Thanks Tim
Great Video! Thanks Tim
Thanks Tim
Most of my losses were due to morning price action, so I just thought Id be not taking part in morning trades until I've seen enough scenario's. Would love to see more videos on morning spikes to be added into that video category
thanks Tim! I don't like morning spikes either, but there are definitely good opportunities. Trade like a sniper!
Good lesson
Yes saw the positives
Another great video with a great practical example.
Thank you Tim, very cool!
Yes like the video but yes the volume like you said and you buy it before the resistance like you said in the video good reminder
I saw the negative comments in the chat room....i was hesitant and uncertain but i knew that you very seldom make foolish mistakes so i was waiting to see what how it would turn out and your lesson here verifies my faith in your expertise. Will watch a few times.
Yes the pattern and thought process behind your trade is clear as day
Saw the positives but worried about resistance so i didn't play it.....your explanation of the downside risk will change my mind on this set-up going forward.
Love dip buys!!!! Thanks...
MZM Still many points I didn't recognize, back to the drawing board!
Thanks Tim, loved the detail in this video, I saw your reason for buying , I didn't buy it I did watch it. Im trying to learn more about the OTC plays , building the knowledge account
Thanks Tim great lesson!
Bought @ .88 yesterday and sold @ 1.03 this morning..the set up looked pretty solid so I made $70 with a small 1k account
Listing out the 7-8 indicators was a very straightfoward explanation, really liked that and made a note for future trades. However, for this play you're (to a degree) guessing how a stock will react to news, as opposed to waiting for confirmation of the move. Can the takeaway be that sufficient indicators can outweigh some of the rules? Or was the gap up enough to convince you the news was already reflected in the opening price?
@peeveekay the stock was already spiking before I bought and funny LBUY is stronger now on day 2 after the news
Thanks Tim ~ Good news yesterday when video was down is Many GREAT training videos are available on You Tube!
Awesome lesson, very helpful! Thank you!
You made a very good point about volume. It tends to be low during the 1st few minutes of market opening, but will probably increase throughout the trading day. Muchas Gracias Tim.
thanks tim great video
Thank you Tim!
THanks!!!
I honestly thought it was a brilliant trade Tim, the video lesson was full of info and yes I think more of these examples would be awesome. Look for morning spiker on former runners, hot sector, news catalyst, volume spike, price spike, buying way under resistance, great risk reward. Volume will always be low at the open on OTC's so getting executed is key hence buying at key levels.
Such a great video lesson. I have been too slow to catch morning spikers. I get overwhelmed by choice and look at too many charts at the open. Need to be better prepared before the open to concentrate on the best scenarios.
Just rec’d this at 1:49pn(ET)....it just arrived....not sure why there was such a huge delay.
Didnt see all that. I will from now on. Great notes!!
I didn’t see all that as well. I will from now on Thanks to you Tim!
Thanks, Tim!
I had to watch this four times to get it lol. Thanks Tim!
Missed it since I was out of day trades — that’s what I get for overtrading. Absolutely perfect setup though, and great video lesson!
did not see the ticker until the video lesson like all the indicators you pointed out like the thesis for the trade..great
Tks Tim...Video lesson was so good I watched it 3X. Gonna be on watch for those OTC past multi day runners with lots of indicators!
@DannyStoll yup and LBUY spiked anotehr 20% too!
I hate OTC execution.
Don’t chase & Great Video!!
Great video. I missed this one as I was focused on another play.
Didn't see it as I was at school taking a test, but I was in KHRNF FROM 1.96 AND SOLD @ 2.28 ON A B/O PLAY. Big confidience booster as now I can play this with size way more comfortable with respect to risk as always @timothysykes
Also, @timothysykes would you short this if it gaped up overextendedly
Thanks
I'll keep this in mind for future plays, thanks Tim. Great lesson.
Thanks Tim excellent video lesson I appreciate it
I missed it, but saw your alert and watched it play out! Never giving up, still studying and learning!
Perfect Example Tim, a video to watch over and over!
thank you
We need more play like this to learn Tim. Thanks a lot for you hard works.
I see the positives. It checks a lot of boxes on the Sykes Sliding Scale. Risk v Reward was good, past performance, time of day, catalyst, volume, etc. Thanks Tim.
Thanks, Tim. Great stuff. I will be a sniper! I really liked and learned from this.
On vacation (Costa Rica) but still learning. Loved the details of why it was a good entry. Fantastic lesson.
Multi day breakout with good news and volume equals profit. But only if you know the resistance levels and cut losses within 2-3 cents a share. Sell off into strength half position at a dime and and other half when confronted with larger sale orders or lack of buyers and lower volume. Only on past parabolics that have held spikes for a couple days. Or more. Thanks Tim!
Former runners + spikers (w/ catalyst) + buy at key support breaking out and understand where that resistance is. Def understand your insight into the volume traded in AM... Thanks Tim!
Thanks Tim! Need more like this.
OTCs with a history of spiking. Yeah baby!
Succinct and to the point...I like em this way.
Thanks Tim , I need to watch more and learn more from you
Great lesson Tim, Thank you.
Thanks for continuing to hammer in the lessons. It will sink in eventually
I was at work so missed everything about the trade. Thank you for the review so I can learn what was happening and why it was a good trade. It always helps to hear this information over and over to drive it home.
Had to watch this again, really enjoyed this lesson..
I’m missing the news. I would catch this as a %gainer but not the catalyst so it would make me hesitate to buy. My E*TRADE pro gets news from Market Watch. I’m going to see if I can figure out how to get more news on it. Thank you for video!
It took me forever to get executed with LBUY and finally when I did I got executed at $0.92 right in the resistance. Had I held on to the stock overnight I could ha e profited as it hit over $1.00. I think why this was so scary is because the price quotes were delayed by several minutes so I could really time my entry or exit like other non OTC stocks. This was very informative.
This popped up on one of my StocksToTrade scanners and I believe Oracle too (as well as your watchlist) I missed my entry so I just watched and played it safe... great video lesson too!
Thanks Tim...Former runner..breakout..catalyst..volume..many +indicators
Its the same mindset in the 4000ish video lesson. Former runner, solid news, volume, risk rewards, APPLY SKYES SLIDING SCALE!!!!!!!!!
Always showing us what to look for
Missed this trade and learned a lot by watching this video. Great lesson. Will watch again.
Killer spot
thanks
yes, starting to get it!
🤔💡. Thanks Tim!
why did you buy before the breakout? i though you teach to buy LBUY at about .97 when it breaks out past the resistance.
Thanks for great lesson
Thanks Tim
Thanks Tim!!🤙🤙🤙🤙
Thank You Tim
2nd viewing ~ beginning to make so much sense! Thank you, Tim
Thanks Tim! Things are starting to make some sence
Great Lesson Tim, Thanks!!
LBUY can you explain why that is not a bad sushi chart…is it ok to buy bad sushi if it’s a former runner, with catalyst, in hot sector?
Great lesson with detail explanation. Thanks.
a good check list to study
Great lesson, thank you!
First Green Day
loved this lesson... all indicators gotta add up in order pull the trigger.
great lesson thanks Timmay otc morning spikers are working
Focus on stocks that can spike big over multiple days,
great info, thank you! I saw the positives.
Can’t comment too much as I am a newbie. I am just soaking it all in.
Great lesson. Thanks Tim!
this makes a lot of sense. I needed to hear what you said about buying way under next resistance, giving me a potential price/goal range to shoot for, and locking consistent profits. Hearing it again is an "aha" moment tonight so thank you for that....
• Volume Spikes can impact the price lasting for days. • The daily volume helps to gauge to trading a stock in the market open when stock volume is low if there are many catalysts, Especially on OTCs.
Thank you Tim
Thanks, Brotha. One more little feather in the cap.
great trade with good indicators, thanks Tim
Video watched. Thx Tim.
Refreshing to rewatch as reminder
Thank you Tim
I had the same kind of play this morning and was caught watching while it went up $2 in 5 mins. It was RLGY releasing news with $AMZN. The thing that kept me out of the trade was the wide spread. It was trading between 5-8 cents. I should know better that that kind of news makes stocks soar.. for a limited amount of time.
Thanks Tim
watched and noted xx
Thanks Tim great lesson
Thank You Tim. Morning spikes with several catalysts and good volume are potential buys.
Great lesson. Still cant really decide if it is going up or down.
Thanks Tim!
Thanks for the lesson:)
Great lesson
I for sure need to pay more attention to OTC stocks. I also need to really add up the catalysts. Too many of mine have only had between 1-3. Thanks for the constant reminders.
Thank you
You cannot cheat your way to success. Learn from the past, study in the present, and prepare for the future.
Look for former runner with news catalyst and watch for more morning spikers
Only come out of retirement on plays like this one,rs
Thanks Tim
Sorry Tim, I only buy Goldman picks.
Thanks Tim, I guess as a newbie sometimes I hesitate even when all signs indicate a perfect entry and then the stock does exactly as predicted. But After seeing video after video lesson, I am getting more and more confident of my abilities. Always staying conservative though
#FutureMillionaire
Thanks Tim!
I wasn't present for the trade, but I see the indicators for a high odds solid gain with this one.
Thanks Tim.
Thank You Tim!
Thank you.
Thankyou Tim
Thank you Tim.
Watching And Analyzing!
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