What a crazy Friday, I lost a few thousand being deadwrong on RCON in the morning (but I cut losses quickly, the #1 rule I stress to all trading challenge students) and I more than redeemed myself in the afternoon by using StocksToTrade.com to spot the multi-day breakout in QUIK before the big Friday afternoon ramp based on this Yahoo Finance message board post speculating about upcoming announcements with Samsung.
Today we just got a Seeking Alpha article HERE basically summarizing the Samsung rumors and giving a $12-15/share price target meaning QUIK is gonna EXPLODE on Monday...the only question being how much...I'll do a video tomorrow going over the possibilities based on this AWESOME Seeking Alpha article!)
For now learn this speculative but very rewarding trade setup:
Getting better everyday, cutting out the mistakes I made yesterday.
thanks
Wish I could've jumped on yesterday, but I don't have any brokers yet. Think I can still get in premarket on Monday?
the video for stockstotrade.com isn't working properly
I like the way you associate the companies together to conclude a stock winner!! Awesome Sir Tim
Tim what are you thoughts about trying to buy into this first thing Monday morning?
Tim, you might be referring to the transitivity property of: A = B and B = C, then A = C If Samsung is with mobeam, and mobeam is associated with QUIK, then Samsung is associated with QUIK. Good find by the way!
great video lesson!
Thank you!
Thanks Tim.....learning a lot. Really like the chat room.
thank you Tim, been watching QUIK since your alert could not get in since I've been tied up in SUMR and still holding :) hope to sell into monday morning run up.
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Thank you Tim..I'm starting to catch on..
Going through your entire 2000+ video library, Tim. Absolutely fantastic lessons, especially these two. Thanks so much.
watched!
"Shout out to those who are Learning!" =)
Good videos, nice info on technicals and indicators that make a good speculative long, like $QUIK
looks at revenues a lot! go for the price action that got in your direction. You have to trust price action!
TY Tim
Awesome video on $QUIK and how well this stock was breaking out on a Friday into the weekend on rumors. Stock had a nice uptrend all day and was tempting to breakout past $3.75 resistance. It did breakout past $3.65 resistance too and was holding around that before it really took off near the afternoon where Tim bought. The price action on this is so good that it kept making news highs and wouldn't dip down into the close. With this stock having some rumors of Samsung deal this could spike Mon.
Great great great lesson on $QUIK
great
Swell Lessons
thank you Tim
Thanks Tim
watched and learning.
a stock can go further than you think......Thanks Tim...
Great lesson, thanks Tim
"Not all speculative trades have to end terribly--if you pay attention to the risk." So true, Tim. Thanks.
Thanks Tim
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thank you! very helpful!
Awesome! Thanks Tim!
Thanks Tim
Thanks Tim
Videos watched. Thanks.
Thanks Tim!
Thank you!
Thanks for the lessons boss. I'm amazed at how you have evolved, you used to be so much more aggressive. Yes some of your wins were bigger then but so were your losses, you have much more control now.
Good to learn your mistakes from the past and get better to control of the losses, alway focus on rule # 1, cut losses quickly.
Thank you Tim!!!
good
Thank you Tim.
Thanks Tim.
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