This was SUCH a great premarket call by STT Breaking News and it just kept running and running, far beyond my expectations so it's good to learn from big spikers like these, even if you sold too soon or missed it entirely so you can be better prepared for the next big one!
Posted Feb 15, 22 3:17 PMbytimothysykes
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2 Lesson Tuesday, Basics, Breaking News, Price Action: Morning Spikes, Story Stocks, Supernovas, Trading Mistakes
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CETI
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Thanks Tim.
Excellent lesson, I didn't buy it but I did watch it in real time and learned from the process. Knowledge is power.
I saw CETI but I felt like it was a chase. I saw the alert Pre Market but I am new to STT breaking news and still unsure of which PM news are the best.
I almost bought it at $1.00 and thought I was going to be chasing so Yes, I thought you were chasing.
Thanks Tim
i think you was waiting to break round number at 1 with breaking news
I watched CETI
Good lesson here
I watched but didn’t see it first thing. Wished I could have been there
I'm not actively trading right now, but I've seen this similar price action in real time multiple times. Nice to see at least 1 nice runner again!
Thanks!
I saw it but I was focusing on some other tickers.. still learning the process.. Thanks for sharing this lesson
Great trade Tim! I did see CETI but Just studying and watching mostly right now, but time to start practicing taking trades again.
Thanks Tim! Saw CETI but was at work and couldn't make the trade. Thanks for the lesson
good lesson. I missed it. If your buy was at 09:46 or 09:47 , I wouldn't consider that chasing....right before and right after, I would consider chasing it as it was running Vs buying at an area of consolidation or better yet, a dip/pullback. That is my understanding of 'chasing'.
i missed it , my first time seeing it. i was watching BBIG and GT
Thanks Tim.
Not a chase.
Hate that I work during trading hours. Great lesson tho.
Great lesson Tim!! I wasnt able to trade today but reviewing today's big gainers for possible MP/DP tomorrow
Missed it in STT at 8:45am when they alerted it, then at the open was occupied with UCPA panic and KAVL breakout above $3 this morning. Stupidly didn't have my eye on top % gainers near the open. Didn't see it till you traded it, but wasn't comfortable jumping in at that point.
Lessons Learned: (Learning Patterns) Must have a thesis to trade; Focus on the Price Action( and on how it moves); in a Trade, Look for Supporting facts (to keep you in) or ways it's going to GET OUT!
I don't think you were chasing. It pulled back slightly then made a new high. Thank you for the reminder it is ok to just take a small position. I do have breaking news and I will pay more attention to the OTC alerts.
Thanks for the lesson! I saw the STT Breaking news for CETI, but I was already following KAVL & $IPW. I did not circle back and do the research on CETI. Will do so next time. Thanks again for the lesson.
Thanks Tim!Did not see it ,was at work.
It was my top watch from stt breaking news, i was busy with UCPA first. then seen CETI had an order in at .86 on the dip but cancelled it because i thought i was chasing. My reasoning was that we just haven't seen many runners like this lately. Then i dip bought it of its highs for a small gain. Thanks Tim
Thank you for another solid video lesson Tim. Great content
Thanks Tim i saw it when it hit a$1, i thot it was to late to buy the run up but avoided the ticker all together
Learnt :)
Thanks Tim. I’m not trading but learning.
Thanks Tim.
I felt it was a chase.... But I am just learning about OTC stocks and the way the price works there. My personal experience with this was on Oct 21, 2021 when I first saw DWAC at 36.00 and I felt it was too late
And HUGE THANKS !!! for reinforcing small steps, small gains, missed trades and just conceptualizing the process and getting better feel for the way the markets work
I would ask you at today’s webinar about what encouraged you to enter on that stock seeing it already up so much (although considering the overall market, news, time of the day, past but in that case experience with same sort of situation… etc) … you then answered where position size is key to build you experience. So if not sure take a small position and that is what you did in addition that the others variables were in line too. Many thanks for the video!
I struggle with runners like this and for me the first buy would be a chase. I felt more comfortable with your second and third trades on them. When a stock moves so far I can't find a support level I'm comfortable buying and when I do this I tend to lose. Its something I will keep studying and try to learn from.
I did not see CETI I do use STT everyday, thank you for the lesson,
I saw CETI, and I was at my job. It's good to know I was on the right track.
I saw it on STT breaking news but didn't have volume so stopped watching it. But like the idea of taking a smaller position when volume is light.
Thanks Tim Missed it. Learned
When I saw it, it was already in the 1.60’s, down from the high 1.70’s, figured it ran its course and was heading back down, and I didn’t want to chase. Getting in early would’ve been awesome! Congrats to those who did!
Was ready to take a position at $1.01 on CETI after seeing the news, since it was already up from 0.36 and the volume wasn't that great I convinced myself that it would be chasing. I have seen this type of price action before on tech news and I knew a small position would be ok. Next time I need to just take a small position and cut losses quickly if it turns. There were a few nice little dips all the way up for a opportunity to get in.
Great lesson TIm thanks! I am thinking about trying out the STT with the BN.
Thank you Tim!! Missed it been watching other stocks for Marks Options!!!!
Thx Tim
nothing wrong taking profits. Thanks for video. singles Baby
Thanks Tim. OMG, lots to learn, but it will be worth it.
Thanks Tim.
No. It didn't fit my criteria for a morning trade. Great strat to add on later though.
I saw it, but I'm missed it. But even I missed it, I got a good lesson for the future.
I saw it, but I'm missed it. But even I missed it, I got a good lesson for the future.
Saw it. Missed it. Thank you Tim.
I watched CETI, i thought it was a bit of a chase at $1 but the risk was cutting quick if $1 failed, so not a bad trade just something that requires quick exit when its not working, great video lesson
Thanks Tim
Signed up for Breaking News this week. Worth it!
another building block. thx, Tim
I missed CETI I missed watching my STT breaking news Thank you so much for this rich video lesson 🌺 Will be more prepared
Thanks Tim! Watched this video lesson and getting prepared.
Watching And Analyzing!
Missed it... Thanks Tim
+
Thanks Tim! I watched CETI play out, but didn't make a trade on it. Good lessons learned in this video.
@Ramtinee hey is he talking about breaking news chat or breakout breakdown?
@Mateka78 He is talking about STT (stock to trade) breaking news. Tim gets most of his hot stocks from there and always recommends it to us.
@Ramtinee Thanks mate
@Mateka78 My pleasure
thanks tim
Tim this was a great one. Loved how you went with less size on CETI
Traded CETI around the same time. Small single. Thanks for the lesson Tim.
Thanks!
Thanks Tim watched again
Thanks, Tim! Missed this live. Good to review.
Thanks Tim!!
Thanks Tim!
Thank you Tim
Thanks Tim
Learned. +1
Thank you so much Tim.
Finally made it a whole year back in video lessons. I consider this a small stepping stone! On to another year of history and thank you for the great lesson
Thanks Tim.
Watching in late Sep. 2023...so I missed CETI (lol). Great lesson on the right mentality. I want to study every play and learn something new from every win, loss, and miss. I will study the past to master price action so I can judge if I am chasing or if it has legs to run more.
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