I traded GNPX well today. I wish I would have bought it on the dip in the morning at 13.00 it ran all the way up to 17! I did grab some at 15 and sold at 16.80. I shorted it at 17.00 and watched it dropped throughout the day down to around 14.00. I made around $1200 with my $30k SST paper account.
One big mistake I made was while I was in the heat of the moment trading Sykes gives out an alert for FUSZ and then LRGR! I went chasing them and lost big on LRGR! I am finding that is is a distraction to be in Chat, I do better when I work my own plan and don't follow someone else alerts. It is nice see the other guys and gals on there and i appreciate the Gurus advise and alerts but I think I need to stay off there and work my plan according to the things I am learning.
My plan for this week end is to finish reading The Complete Penny Stock Course and listen to Level 2 dvd.
I still have a knot in my stomach about Tim Sykes promoting that ridicules Pot Stock Summit. It makes me mad to listen to his latest video that is trashing penny stock promoters knowing that he was paid to promote that summit! It goes against everything he is teaching us! Those guys were promoting the news letter and trying to get $2000 bucks out of us so they will give us 5 tickers to invest in the pot industry and make millions. Sykes teaches us NOT to do that but to trade these penny stocks when they are pumped. I would feel a whole lot better if he would have got on chat this morning and told us he is so sorry for having us waste our time on that crap. But he would not say he is sorry and even gave kudos to a couple of guys thanking him for the summit. Now that I have wrote down my feeling I will let it go! I appreciate all the great things I am learning from Tim, he is a good guy and is working hard to teach us. I will take the good and leave the bad!
@timothysykes I want you to know that I do RESPECT and appreciate you helping me to understand and replying to my comments!
so we have to learn how you promote these stocks as well? you were in the e-mails saying these 5 stocks are gonna run 500% that sounds a lot like promoting and it seems like you are trying to cover yourself now. oh well, ill just wait until they are in play to trade them as rob said
I made the same mistake early on...never play any alerts. Yes I agree about our lost time...it won't be the last promotion.
Well done on your GNPX trade. My trading day starts long B4 market open and I have learned to stick with my plan. When an alert is sent, Ill check it if its one of mine, chat I pop in/out to see if my tickers are mentioned. I am still a novice and I need to stick to my plan and tweak it when needed. Promos are just that promos, they want mony I aint givin. May Your Days Be Profitable
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