timothysykes
timothysykes - May 20, 14 5:15 PM

#1781-1785: What I Did Right & Wrong ON $IMI $MEDL $EONC
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didixiu
didixiu Aug 21, 21 11:38 PM

Thank you Tim.

oswald
oswald Nov 12, 22 12:34 AM

Yesterdays high should have some support, former runner, can squeeze on no news, it's okay to be wrong if you cut losses quickly, where is support and what your entry price should be, Thanks Tim!

DDT
DDT Dec 24, 22 12:57 PM

Thank you Tim.

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timothysykes
timothysykes - May 19, 14 3:56 PM

-$3,860 loss IMI Long Stock

Entry comments: Buying for morning gap up/spike as this new Toshiba/Sandisk deal is the good news stemming from the 2/27 catastrophe when they said that relationship was over...the stock was at $3.80ish before that day, I'd expect another spike toward that level now that its holding support at $3

Exit comments: Disappointing no gap up, no morning spike, maybe rebounds later, but can't take that chance as I thought it'd be stronger, very similar to RCON letdown, good lesson for me to take mental notes on, gotta cut losses quickly when wrong

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Imi75
Imi75 May 19, 14 4:04 PM

That's me :)

Sum0neElse
Sum0neElse May 19, 14 4:16 PM

Thanks for the heads up Tim. I'm new to the Challenge, so I'm excited with this trade.

PolisB
PolisB May 20, 14 9:04 AM

Your honesty and transparency as a teacher go a LONG way Tim, even though you lost money on this trade it was still an important lesson for your students...lets focus and let the STRATEGY work us! Thanks BOSS!! :)

PolisB
PolisB May 20, 14 9:10 AM

"For example", I learned that its VERY important to wake up early, I just looked at IMI and it's down to $2.86 now, so if you had woke up 10 minutes later then you would be down another $3,500....Learned "very important to cut losses quickly" and "The early Bird gets the Worm", only in this case you saved losing more Worms! Thanks again Boss! :)

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