Not great trading by me, but at least I cut losses quickly on ISNS when I almost had a big loss...still +$23,000 for the week, less than this guy's $50,000 profit week and this guy's $100,000+ profit yesterday...people ask me if I'm jealous when my students make more than me, the answer is NO! I LOVE students making more than me, it validates my teachings well...especially since all these profits are straight outta these guides!
Posted Sep 05, 14 1:04 PMbytimothysykes
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Thank you Tim, wise lesson :)
What other teacher, whom you didn't teach, can go into their mistakes so solidly? Takes a man who knows what he is doing. Thanks for z reminder not to get greedy with contract winners- my mistake w $MAGS. Mentor snaps for you.
Thank you Tim! There´ll be better days!
I also held short $ISNS anticipating a big drop Friday but it opened with a choppy squeeze (safely cutting losses at $100 and losing my shares) and watched it faded slowly- tho it did trend down, it wasn't the kind of move I wanted...
I didn't keep my radar open for greater/more profitable opportunities like $RADA- ahh breakouts are my plays!! Lesson learned: don't get stuck on one stock, stay nimble & ready, keep the radar open for new opportunities, and trade the best setups. Greatest week for me so far- traded $ISNS well (profited) both long & short. So grateful for all you do Tim.
Yeah saw today you used all your BP, I did that too on another stock for a big loss for me. It happens.
Thanks Tim..
Where is the News on RADA? Not on their website or anywhere I can find. The contract news I see is from June. Would it still be relevant?
Hey Tim, I have "studied" all the current videos and as many archived as I can get to, over 500 thus far and this is the first time I have heard you mention that you pay attention to Fibonoci levels. Wondering why you have not shared this info previously, maybe you feel it is too complicated for your audience? So that brings up another thought /question , are there other "theory" you might use that you haven't yet shared ? Thank you.
Does anybody know where to find the $RADA contract news?
$RADA news can be found on Yahoo finance or MarketWatch.. one of those.. I shorted this one @ 3.05 on Friday after that long run up.. covered at $2.60 that was an awesome end to the week.. After I covered I put the computer away and cracked a beer.. :)
@JonB1111 Looked at both as I usually do and didn't find anything. I was looking at this as a short coming into $3 as well, lot's of overhead resistance but with a contract win that would change my perspective.
Yep I looked at all those too. Can't find the relevant news. Though I havnt checked today if it decided to show up late for me. I have had news come in and out of my IB feed before but I am checking with sources directly on this one.
RADA is definitely an error. It is listed in some news but if you look at the date it is news from June.
Thanks Tim, getting ready to open an account with IB.
what?? Tim pays attention to fibonacci levels?? Gotta be aware of all technical analysis even if you don't necessarily trade off it... that's why he is one of the best
watched!
Very good lessons tho! the losses or bad trades make for Good Lessons! it shows the importance of cutting losses quickly altho you had losses you were still up for the week again! because you Protect protect protect! =)
watched and learning!
be prepared and have orders ready for fast moving price action
Understand your goals, the patterns, and realize that these stocks can spike very fast. Cut losses quickly and stay safe.
Thank you!
Lessons learned: Fibonacci levels work; Have orders ready; Double bottoms work; Defense contracts are great buys.
TY Tim
Swell Lesson
great
thank you Tim
Check!!!!
watched and learning. 2nd time
Thanks
Thanks Tim
Thanks, Tim!
Good lesson, Tim. Thx.
thank you
Understand the patterns
#FutureMillionaire
thanx tim
Still studying, thanks Tim
none
Thanks Tim
+
study up!
Video watched. Muchas Gracias.
Thanks Tim
Awesome! Thanks Tim!
Thanks Tim!
Watched. Thanks!
Thank You Tim!!
Thankyou Tim
thanks teach
Thank you Tim.
Thanks Tim.
2nd watch
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