Learn from my recent DCGD trades here and please learn from this incredible short squeeze from Friday...use the weekend to really refine your process, here's a link to Tim Grittani webinars too for all you Trading Challenge students
Posted Aug 11, 19 12:59 PMbytimothysykes
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7 Lesson Sunday, Basics, Classic Lessons, Price Action: Morning Spikes, Price Action: Short Trap, Short Selling, Short Squeeze, Story Stocks, Supernovas, Trading Mistakes
Tickers
RKDA
because its friday, i waited at first for the stock to calm down then i saw the dip buy and the squeeze , BOT at 2.80 out at 3.30ish , as u said shorts are all over the place , thats why i waited
great video Tim. I was in at 2.74 anticipating a squeeze but i chickened out as it kept on getting stuffed on any up move. Took a tiny $50 dollar profit 4 min before it squeezed. I was upset at first but it was a great learning experience for me.
Made a 100 then lost 110! learned to take profits and gtfo. i will never hold and hope
The reasons you stated why they shouldn’t have short sold are the reasons I went long.
Took $550 profit
Morning spike pattern
@jtran good lesson there for sure!
great lesson !!!
I played it with small size....99 shares at 3.92 and out at 4.71 for a 20% gain. I sized in conservative because of the overcrowding and knew my risk so great trade. Great video tim
I was expecting to make 3 times my risk but I'm glad I got out before its late day collapse from its highs. @timothysykes
Good lesson, your video lessons are invaluable.
Was watching this stock Friday morning was looking for dip and rip but was dipping to much also had to leave before this stock went crazy. Sucks to miss trades like this but I know more will come.
I was really close to getting some cash from this play. I was in 200 shares around $2.90. It was a potential long on oracle but it was a gap fill so I was like I’ll try to catch the bottom and see if it reverses. But I judged the bottom based on the one min chart as 2.80 but there was a very clear bottom on the five minute chart as $2.70. Thanks Tim!
Thanks
I bought the short thesis early on coupled with how the runners were acting this week, spike, fail, recover vwap, grind higher the rest of day, entered at 2.88. Respected stop, tried to get out sooner but filled @3.92. Took a negligible feeler A.H. to have skin in the game, today I feel it is going to be a coin toss and I should have waited, but I am happy I took a smaller than normal feeler position.
I would have loved to have played RKDA but I was on vacation in Santa Fe and was only watch another ticker. Great lesson, thanks. Trying to catch up after vacation. Ready for Monday!
Thank you, Tim! I was watching RKDA on Fri and wasn't even tempted to try to trade it, way too choppy/fast moving/scary for me. Very good lesson here tho, appreciate the break down on this!!
Brilliant lesson thanks Tim, focused on the rules early in the game but still get caught out now and again "kind of like a bad shot in golf", but I adapt and move on. In early lessons I remember you saying don't try short earnings winners as they can run for days and do not try short stocks on their first green day. Happy to have missed this play as I was not prepared for the backlash of this play.
i went long but it went down so i cut losses quickly i bough it at the wrong time because after i saw it spike
Checked borrows at open, they were available and was tempted but told my self not too with the low float and tons of short prob crowding in. Saw the sell off and felt the fomo a bit but didn’t regret it. Watch the squeeze and from there on out got a few good long wins in the rest of the day best of all around 12 and 2 when it was apparent more squeezing was coming thanks Tim
Didn't trade the stock was on drive from LV to SLC round trip but great video lesson....
Good lessons in this one!! No trade for me on this name in either direction....saw it p/m and knew this would be in play. For that reason on watched the whole thing to learn from p/a. but due to multiple conflicting indicators left it alone and stayed safe.
Video watched. Thanks Tim.
Great lesson. Didn't trade it but watched on and off throughout the day. Crazy squeeze.
I missed this play, so bummed, I saw it at 4a but had a long day and slept in to 8a. Plus I had to work that day but 2.8 would have been my entry after the morning panic. Then I would have cut loses at 2.6/2.55 if it didn't squeeze.
Long at 2.95 in the first dip and then it continued to go down so I figured the news wasn’t that great but I have it a little time and it started to turn around. Got out at 3.00 because it was getting uncomfortable. One second later it jumped to 3.51. I’m a total newb and learned quite a bit from this trade. Thanks for the videos Tim. I’ll cya in the challenge very soon.
RKDA was too choppy for me to trade. Not my pattern. YRIV was my pattern, so I traded the late day technical breakout making $40. Could've made more because I was interrupted by a coworker. Bought at $0.69 sold at $0.71 before it got up to $0.77. Proud of myself for making money and for being on the right track and comfortable with my trade. Will put myself in a position at work so I don't get interrupted during a trade.
I just watched and learned from it. Too choppy for my flavor but absolutely not a short set up.
@GooniesTrader81 good discipline!
LoL you're a beast, I love it. I made 20cents a share profit on a small position. It was fun to watch though.
I was seeing it turn around at the end of the day and thought it would close strong, so bought at 3:35. I didn't make a lot and sold too quickly, but I was dead on right.
I missed the trade before the halt and then I didn't want to chase it.
I actually lost a small amount long cause of fomo and it was my last trade on PDT rule. But I realized my mistake and learned from it. Going to be posting full comments with my trade posting. Just hoping it may help someone else that's just starting like me. Love the lesson and always learning and studying.
Thanks Tim
Thank You Tim !!!!
Thanks Tim! This video lesson is Pure Gold. Love your insights. RKDA was an absolute gift from the Market. Same Exact Fucken pattern from the last spike. Shorts don't learn. Human nature never changes. Thank you Shorts for creating these opportunities.
- RKDA Both Spikes are eerily similar is scary ( .https://docs.google.com/document/d/1nex6dLjdxgzdJeQOhloH30WVSAnYN36EMmMQDvDxEf4/edit?usp=sharing)
For those intrested I did managne to Record RKDA gap-reversal. ( https://screencast-o-matic.com/watch/cqj60MOPKQ ) - Study the past!
Thank you Tim, saw the play but did not chase after missed entry.
I almost bought on the little ramp before the squeeze but didnt pull the trigger. It was a nice one to watch though. Those shorts will never learn!
Thank you Tim, very cool!
Made $100 long on RKDA! I was prepared
DIdn't get to be at the market for RKDA, excited for the Grittani video. :)
thanks Tim good lesson just watch
I did see the breakout around 3ish, using trade station, and i was late in execeuting when stock got halted. taking it safe
Spot on!!!!
Thanks Tim! great lesson. I was not in this one.
Thanks Tim for the lesson. I did not trade RKDA but enjoyed watching the squeeze. Learning more every day.
Thanks Tim. Great video! I was watching RKDA all day Friday but it was too scary for me to trade lol.
Thanks Tim. Great video! I was watching RKDA all day Friday but it was too scary for me to trade lol.
Thanks for the video lesson. I went long but waiting for the 1st 30 mins to see how the stock was going to react to the news.
Thank you Tim. Having only traded for just over a year and with a small account I have never done or even thought of doing a short trade. I still study the video lessons on shorting just in case one day shorting does become a good strategy again, but certainly not for me while trying to grow a small account.
@George102 yessss, glad you get it :)
Great video lesson, Study and Rule Number 1 Thanx Tim
Bought at 4.01 sold at 4.55
Thanks Tim
One thing I think that should be talked about a lot more with these as well is market cap. RKDA that morning was only 16m market cap (at approx $3), which is absolutely tiny. To put it in perspective it is easier for RKDA to go to $90 per share (500m Mket cap) than it is for KBLB to go to $1 (which would put $KBLB at 1b Mket cap)
I’ve been a part of this program for just a few months, I was watching RKDA pre market but I walked away from the computer at around 9:55 ish... My lesson here is that these short squeezes can happen at any time of day, not just ten or fifteen minutes after the market open.
Thanks Tim. Not shorting yet, until I know a lot more than I do now. Being careful, even with my longs. Tiny baby steps. I can't afford to blow up....I wouldn't be able to come back.
I love short squeezes! I recognized this former runner but didn't trade it, due to work, but I definitely seen the potential thanks to all of your great material you provide us with. Thanks tim
Missed the DIp in the am and didn't play but watched and learned.
Thanks Tim. @George102 thanks for sharing the screencast.
Used it as a practice trade and made $0.10/share with $20 profit. Bough into strength and got out right before the close. Watching roughly 10 Dip Buying Lessons per day is definitely helping. Plus, meticulous note taking. Thank you, working on getting closer to self proficiency each day.
Thanks Tim!!
I took a small loss but I did cut my losses quickly on a long. Thanks Tim!!
I dip buy at 2.97 got in a little early and it broke my support got scared with a small loss, but was happy to see i was on the right track
Good stuff
Thanks for this video Tim great set up for the next week!
Excellent Video. I WILL NOT SHORT FGD ON PREVIOUS SUPERNOVAS. I traded RKDA prior to market open. was patient on the dip to $3, got out P/M at 3.3 when resistance was holding. Didn't get back in because I had other trades n my watchlist to pay attention to. Love these lessons. keep em coming.
Thanks Tim!
learned alot from this trade, you had multiple indicators and a short squeeze , the conditions lined up for a beautiful trade setup. congrats longs
this one was a heart attack special. Dip bought but got stopped out. 5 mintues later it spiked, got halted, then spiked more. Still cut losses quickly. Won't trade this one again if it moves like this, too hard to read lvl2 and the chart when it moves like that
Thank you for the lesson. I love how you’re always drilling into our heads “trade safe and cut losses quickly and be patient”. I need someone to drill that into my head because I’m NOT a very patient person and I need someone to keep me focused so thanks again I lean a lot every time I watch these videos
Thank you Tim
Thanks Tim! This is one of the 1st stocks I held long o/n from late day 8/9/19. This was the 1st play I was in and out a number of times, and one most profitable with. Played this one through 8/12. Thanks again, and I did cut losses quickly when it moved in the wrong direction.
thanks for mentioning why you didnt get long on RKDA
Thanks Tim for the lessons ~ Key is safety.
Thank you Tim!
Thanks Tim.
Just been studying haven't traded for 5 months just watch and absorbing all info , thanks tim
Thanks Tim.. Sometimes losing all ur money is the only way to learn. Cut loses quickly. No trade.
thanks tim
thanks, Tim!
good lesson Tim !
great lesson! thanks Tim
Good stuff
Thanks! Another great lesson :)
Thanks
Safety is paramount! Thanks, Tim.
Watched..
Thnx !
Thanks Tim.
Thanks Tim!
• There is an extra charge to hold stocks over the weekend, more reason people lose confidence in shorting on Friday.
Focus on risk management,fri sharfs squeeze, super nova low float watch the fukk out
Focus on being safe, focus on your own process. focus on your position sizes! It is not the end of the world to short, but it is the end of the world to short and not follow the rules
TNT for the brain
Totally avoided RKDA. Some times the best play is no play.
Watched. Thanks Tim!
I watched this video several times, but until today, I know what short squeeze is. I shorted LXRX, twice, this first time I got lucky and made $200, but before the market closed it got squeezed. Now I'm waiting, hope tomorrow it will drop. However I definitely learned the lesson. thank you so much Tim, for sharing and teaching, your video are so worth learning.
Thanks!
god you are good but you do woffle on about other thing
good presentation
Video watched. Muchas Gracias.
Thank You Tim. Friday short squeezes can be easy money for longs.
aloha
It's amazing to hear responsible/dangerous of short selling, both of you Timothy and Tim. This is a big thing for me. Nobody talks that way. Thanks.
It's amazing to hear from you responsibility/dangerous short selling low flow Friday squeeze. Thanks. Influence short selling doesn't mean responsibility of losses, just cut loss quickly. Noone talk's this way, thanks Tim.
Thank you
He may be a dinasor, but he is a fuckin T REX !
always follow rule number one
Preparation + Opportunity = Success "Knowledge and self-sufficiency are critical to my success in penny stocking."
Thanks Tim, I promise to be safe and I just learnt something extra. What is one of the reasons, why Friday is good for short squeezes? Borrow fees!
thank you
Knowledge supports growth and development.
Its foolish to be one sided in trading and life, opportunities on the upside and downside. I look at short selling for a quick big drop in one day not holding. Caught INO after it went SN, dropped from 16 to 10 in no time.
Thanks Tim
thank you
RKDA was at the top of my motherfucking watchlist
Thanks, good video Tim!
Thanks Tim
1 thing I know for sure about trading is that I don't know enough, but thanks to you and your team I'm learning boss!
Tnx, Teach.
Thank You Tim!
"Its only a matter of time before one of these brokers or hedge funds blows up" yeahhhhhhhhhhhhhhhhhhhh I guess $GME was their day @timothysykes
Thankyou Tim
LOl Tim is very angry in this video
Thank you Tim.
Thank you Tim, for the lesson!
Watching And Analyzing!
such a relevant VL today as AHI played out just like this chart in this lesson. Thanks for the timeless and priceless education Tim!!!
Thanks Tim.
2nd
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