| # |
Tim Psychs |
| 1 |
I grow my account exponentially so I trade stocks that move exponentially |
| 2 |
I know that any one trade can blow up my account |
| 3 |
I play a ticker only after deciding that the max I can loose is a small amount |
| 4 |
I never play a ticker based on the most I might be able to win |
| 5 |
I am disciplined and use only a small amount of my account on any one trade, so even a total loss on the trade can not possibly be catastrophic |
| 6 |
I play safely with small positions at first to help surface my bad habits / practices / assumptions |
| 7 |
I am self aware and recognize my own bad habits so I can identify an correct or avoid them |
| 8 |
I do not trade if I am frustrated after a loss |
| 9 |
I can predict the future fairly well if the past is currently repeating itself (and if I have studied the past) |
| 10 |
I know that penny stocks (or any stock) do not just keep going up for ever (unless I short, then it might) |
| 11 |
I know that the whole point of trading is to make money |
| 12 |
I am never tempted to shoot for the moon and win big |
| 13 |
I execute RULE #1 and escape from a loss quickly whenever I am not making money on a trade |
| 14 |
I quickly escape from a loss - no exceptions |
| 15 |
I am 110% focused on absolutely not loosing the money I have worked hard for |
| 16 |
I can easily get back in whenever I escape from a loss |
| 17 |
I can easily grow my account by risking only a small part of it at any point in time, over and over and over |
| 18 |
I get good at winning trades over and over and over |
| 19 |
I focus on capturing profits quickly before they dissapear or turn into losses |
| 20 |
I am aware of all 7 steps of Tim's SuperNova Framework |
| 21 |
I ignore the #1 Early Pre Pump stage |
| 22 |
I ignore the #2 RunUp Ramp Stage, mostly |
| 23 |
I long the #2 RunUp Ramp if big volume comes in AND a key level is broken |
| 24 |
I long the #3 SuperNova Spike Stage right after a breakout over a key level or long-time high |
| 25 |
I know that If I am long on a #3 SuperNova Spike Stage, I might not be able to get out once it starts #4 Cliff-Dive Panic Stage |
| 26 |
I take profits quickly on the #3 SuperNova Spike Stage - To pre-empt falling off the #4 Cliff-Dive Panic Stage |
| 27 |
I short #4 Cliff-Dive Panic Stage but only after strong confimation of weakness |
| 28 |
It its easier to predict a stock that is currently spiking than it is to predict when a stock might spike (if ever) |
| 29 |
I do not short #4 CliffDive Panic until I have over 500 winning trades or until my account has grown to $100K |
| 30 |
I do not short anything that is close to the $1 mark (especially sub $1), in case it SuperNovas to $25 |
| 31 |
I long the #5 Panic Dip Buy and take profits quickly to pre-empt #6 Dead Pump Bounce |
| 32 |
I make sure there is no negative news before going long on #5 Dip Buy Panic |
| 33 |
I am aware that the bigger the #4 Cliff Dive Panic is, the bigger the bounce is on #5 Dip Buy Panic |
| 34 |
I short #6 Dead Pump Bounce and cover soon to prempt another spike |
| 35 |
I might hold my short on #6 Dead Pump Bounce for the #7 long kiss good night, only if I am ready to take losses quickly in case it spikes again |
| 36 |
I ignore #7 Long kiss godnight |
| 37 |
I PREPARE with multiple indicators to score a ticker before taking a position: https://profit.ly/sss |
| 38 |
I master going long on #5 Dip Buy Panic |
| 39 |
I master going long on #3 SuperNova Spike |
| 40 |
I do not size in premarket on #3 SuperNova Spike - since an offering, press (etc) can turn the spike into a panic |
| 41 |
I pick one pattern in the framework I want to practice |
| 42 |
I have masterd a pattern once I have 65% win rate with at least a 3:1 risk/reward ratio |
| 43 |
I am prepared for each trade |
| 44 |
I prepare the night before to discover and select tickers where my pattern may trigger |
| 45 |
I only select tickers with a large Reward / Risk setup |
| 46 |
I create an interim plan for each ticker I select (entry, exit, stop) |
| 47 |
I adapt and react to the ticker once the market opens, and revise my plan in real time |
| 48 |
I understand how to use level II in realtime to adjust my entry, exit and stop in order to get filled and capture profits / cut losses |
| 49 |
I look for price movements like a hot knife cutting through warm butter |
| 50 |
I exit quickly if the price fails to move - whether it is a small loss or win |
| 51 |
I exit quickly if the pattern I want fails to form and take smaller profit than planned |
| 52 |
I exit once my target is reached |
| 53 |
I learn from multiple mentors especially: Tim Sykes, Michael Goode, Tim Grittani, Mark Croock, Steven Dux, Roland Wolf |
| 54 |
I direct questions to Tim Sykes, Mark Croock, and Michael Goode |
| 55 |
I know the chatroom rules and lingo: http://tim.ly/newchatrules |
| 56 |
I join the live webinars: https://profit.ly/content/TimChallenge/links |
| 57 |
I study the past webinars: https://profit.ly/content/TimChallenge/webinar |
| 58 |
I stay aware of NASDAQ trading halts: http://www.nasdaqtrader.com/trader.aspx?id=TradeHalts |
| 59 |
I research SEC filings for penny stocks: http://otcmarkets.com/ |
| 60 |
I shoot to just get on base and I don’t try to hit home runs |
| 61 |
I realize that the basics of trading and advanced trading is the same - advanced trading is just taking a bigger position |
| 62 |
I improve myself and learn about the thinking behind trading so I can learn how to create my own trading plan |
| 63 |
I know that it is my own trading plan that is going to make me wealthy |
| 64 |
I learn from multiple masters |
| 65 |
I do not become enslaved by the stock market, make the stock market work for me |
| 66 |
I am not imprisoned by money |
| 67 |
I shoot for $1K-$2K per trade |
| 68 |
I win more often than I loose |
| 69 |
my wins are bigger than my losses |
| 70 |
I focus on getting knowledge first - big money only comes after a lot of knowledge |
| 71 |
I focus on practicing and learning how to trade |
| 72 |
I will take bigger positions later - and that’s where real $$ will be made |
| 73 |
I first establish good habits, it will be more valuable than good money! |
| 74 |
I study the past to speed up learning curve |
| 75 |
I predict what the stock should do and then I check if my prediction was right |
| 76 |
I know that loosing is often due to lack of study, lack of preparation, lack of planning and hoping or assuming based on judgement |
| 77 |
I know that 3 out of 4 stocks follow the market |
| 78 |
I buy low float stocks with good news as they are going up, since they can keep going up |
| 79 |
I do not buy the dip on low float stocks with bad news expecting it to bounce |
| 80 |
I take a position in a stock that has a break out based on a catalyst (earnings, contract, big investor) |
| 81 |
I look for breakout event after the initial spike high of an Earnings winner - can have follow up spikes on day 2 or day 3 |
| 82 |
I know that positive news (like a big Investor - requires SEC filing) can also spike like an earnings winner |
| 83 |
I know that it's not enough to buy a stock just based on a chart break out |
| 84 |
I know that chart breakouts with no positive/negative news might be a fakeout |
| 85 |
I play a stock based on multiple technical indicators + combined with news about a fundamental indicator |
| 86 |
I know that all penny stocks typically have bad fundamentals |
| 87 |
I pick a good setup by combining fundamentals (profits and revenues) along with technical chart patterns |
| 88 |
I ignore the advanced technical indicators (beyond support, resistance VWAP and trendiness) |
| 89 |
I watch every single trade I play until I exit |
| 90 |
I trade only 1, maybe 2 stocks at once |
| 91 |
I gravitate towards stocks that have a 1 penny spread - easier to get in/out and I loose only a penny if I have to close my position |
| 92 |
I am aware stocks can spike up after tax loss selling: investors sell their losses at end of quarter/year to claim on taxes |
| 93 |
I use mental stop losses when going long on a penny stock, automated stop losses might not get filled so they can be dangerous to use |
| 94 |
I know its ok to use automatic stop losses when shorting |
| 95 |
I look at buying into a stock that closes strong - in anticipation of a gap up |
| 96 |
I avoid stocks with price imbalances or that might be halted (some supernovas may get halted many times) |
| 97 |
I play it safe on when going long on100% winners, as they may get halted and crash |
| 98 |
I am aware that it is hard to control/manage risk on a stock that gets halted - its difficult to cut losses |
| 99 |
I know that up/down trending stocks are hard to take profit on - I stay away scalping |
| 100 |
I look for big moves: so even bad entry / exit can still result in a profit |
| 101 |
I trade sectors that have a chance of going up 10% - 20% (technology, medical, emerging markets) |
| 102 |
I go long on 1st Green Day (after a while) |
| 103 |
I know that a 1st Green Day has good chance of going higher on day 2 |
| 104 |
I short on 1st Red Day |
| 105 |
I short after waiting for sideways price action to fade |
| 106 |
I find out if a stock is being promoted when I receive a good tip on it |
| 107 |
I know that low float stocks can really move fast |
| 108 |
I avoid shorting L/F stocks - L/F stocks are much better for going long on |
| 109 |
I know that the power hours for a trading day are: 9:30-10:30am & 3-4pm |
| 110 |
I may play a stock in the afternoon: since news is out, and most of the moves have happened during the day |
| 111 |
I have a goal to catch some of the move at the end of day when holding overnight |
| 112 |
I may take off 1/2 of my position before market close if my plan went well |
| 113 |
I know that 3 out of 4 stocks follow the market, so it can be risky holding over night, especially if goals have been met |
| 114 |
I get out to cut losses when I am long on a stock that goes from green to red |
| 115 |
I know that cash is also a position |
| 116 |
I only take 1-2 positions at a time, otherwise I stay mostly in cash |
| 117 |
I think like a retired trader |
| 118 |
I strike only when there is such a good trade, that I'd feel guilty to miss it |
| 119 |
I don’t get addicted to trading |
| 120 |
I know that its a very slippery slope when a stock is fading against me |
| 121 |
I cut losses quickly |
| 122 |
I am aware that any one trade can mess with my mind / hurt my confidence or carve out my capital |
| 123 |
I am never in a position to take a massive loss, small losses are fine |
| 124 |
I never go all in |
| 125 |
I protect against the consequences of being wrong |
| 126 |
I know that there is no need to be aggressive - one trade won't make much of a difference |
| 127 |
I know that I can be wrong on any trade |
| 128 |
I know that patience pays and that overtrading results in losses |
| 129 |
I learn what a great setup is and have patience to wait for them |
| 130 |
I have to make a lot of good trades to get to $1M |
| 131 |
I know that at first most of my trades will harm my account, so I trade to not loose much while I learn what my favorite pattern is |
| 132 |
I know only some of the hot penny stocks are predictable, so I wait for the BEST setup to have THE MOST success |
| 133 |
I know that if I do not trade I will be make more money than 90% of traders - $0 :) |
| 134 |
I only dip buy morning panics when a stock has been on the rise for many days/weeks |
| 135 |
I do not dip buy morning panics on spikes that have only been up for only 1 day |
| 136 |
I do not dip buy a company’s stock when their price is dropping due to an FBI raid (or terrible news) as there won't be favorable bounce afterwards |
| 137 |
I trade peeny stocks since it is easier take advantage of market inefficiencies |
| 138 |
I do not try to pick the next Microsoft and go long on it |
| 139 |
I know that news takes time to propagate, so there is time to get in |
| 140 |
I know that signing a big deal may spike on day 1, but even more on day 2 or 3! |
| 141 |
I don’t have to guess the news ahead of time - I wait for news to come out, then take a position |
| 142 |
I capture a chunk of the volatility (no need to take the whole move) |
| 143 |
I know that hope Is not a strategy and I can not predict the next big thing - especially in penny stocks |
| 144 |
I go in with a strategy |
| 145 |
I am meticulous in planning |
| 146 |
I do not try to capture lighting in a bottle |
| 147 |
I take high-odd setups again and again |
| 148 |
I know my account will grow even as I take losses |
| 149 |
I go for singles with the best setup |
| 150 |
I know that setups that offer 100% - 200% are traps |
| 151 |
I know that the odds of hitting a 100% setup is very low |
| 152 |
I know that the odds of hitting a 10-20% setup is pretty good |
| 153 |
I know that in order to position myself to be a millionaire, I can study the past |
| 154 |
I know that profits are made IN the stock market, but they are enabled by STUDYING the stock market |
| 155 |
I will execute when the time is right |
| 156 |
I am aware that if I don’t know the reason why a stock is up, I can not judge it |
| 157 |
I know that in order to play a ticker, I need a pattern and a catalyst |
| 158 |
I practice so I can get close to perfect |
| 159 |
I know that it is toughto become a millionaire but not impossible |
| 160 |
I care when a company's stock is in play - I dont really care what a company becomes |
| 161 |
I focus on the price action, because that is the story that matters, not the news |
| 162 |
I am aware that breakouts can happen with no news |
| 163 |
I am aware that takeouts can happen even with news |
| 164 |
I do not throw my money into a stock that does not prove itself |
| 165 |
I cut losses quickly |
| 166 |
I aim for smaller gains than I want |
| 167 |
I maintain a conservative approach |
| 168 |
I stay on my toes |
| 169 |
I stay conservative and aim small |
| 170 |
I know that penny stocks are volatile enough to provide the necessary reward |
| 171 |
I do not regret if stock runs more, or even much more, after I exit |
| 172 |
I use every stock for profits (doesn’t matter how much the profit is) |
| 173 |
I don’t try to capture the whole run |
| 174 |
I do not want to overstay on volatile stocks |
| 175 |
I want to take profits quickly |
| 176 |
I am aware that penny stock companies are junk - they will crash back sooner than I expect |
| 177 |
I am extra careful on every trade |
| 178 |
I do not chase |
| 179 |
I buy breakouts at key levels |
| 180 |
I play safely |
| 181 |
I do not dip buy until the stock has already started its bounce |
| 182 |
I want a even a spiking stock to still prove itself |
| 183 |
I set 2 targets: conservative and aggressive |
| 184 |
I am not going to dip buy if there is bad news |
| 185 |
I dip buy as long as there is no bad news (drop is purely due to panic selling or stop losses getting taken out) |
| 186 |
I do not refuse to cut losses when I know that I should |
| 187 |
if I buy the dip, I want the stock to bounce up quickly - if the dip does not materialize, I get out quickly before it cliff dives again |
| 188 |
I am aware that stop losses are computer generated sales |
| 189 |
I am aware that stop losses help crash a price faster |
| 190 |
I am aware that when stops cross a key level, then stop losses turn into automatic sell orders |
| 191 |
I am aware that most longs are not watching their stock every minute/every second, so they place stop losses, to guard against price drops. |
| 192 |
I am aware that Its a mistake to not be around to watch my position |
| 193 |
I know that most problems are due to laziness |
| 194 |
I look for a crash to happen every single morning when a stock is pumped |
| 195 |
I don’t just dip buy any stock |
| 196 |
I go long on massive runners that go for several days / weeks |
| 197 |
I know that when a strong stock crashes too quickly, it becomes a GREAT dip buy |
| 198 |
I know that dip buys are a good setup because those who missed the spike are looking to get in for cheap |
| 199 |
I know that dip buys are a good setup becausee shorts who caught the top will now buy to cover their shorts |
| 200 |
I know that the sharper the dip off of the high, the bigger the potential bounce |
| 201 |
I simply exit for small gain or loss if a bounce does not materialize |
| 202 |
I am aware that the earlier it is in the morning, the more reliable the bounce |
| 203 |
I look for 20 - 30 - 40 event 50-60% drops within a few mins AND NO NEGATIVE NEWS when buying the dip |
| 204 |
I focus on #5 dip buys Panics as a first pattern to master |
| 205 |
I wait to get some experience before shorting a #4 Cliff Dive Panic |
| 206 |
I know that #7 long kiss good night are good (very) for longer term short selling |
| 207 |
I witness as many pumps as I can |
| 208 |
I wait for the right pattern to appear before playing |
| 209 |
I look for signs of each pattern from the 7-step framework |
| 210 |
I watch the 5,500+ video lesson library |
| 211 |
I know that the more I study the better prepared I will be |
| 212 |
I do not have to trade every step of the framework |
| 213 |
I can make millions by just going long on #3 and #5 |
| 214 |
I can make millions by just shorting #4 and #6 |
| 215 |
I wait for sideways price action and look to short towards to the close of the day (make sure to avoid mid day spikes that may trigger a morning spike) |
| 216 |
I do not short companies w/ good fundamentals, FDA approval, reduced debt or other positive news |
| 217 |
I know that strong fundamentals can have more meaning than any chart pattern for price action |
| 218 |
I don’t try to short sell at the top of a spike since there is a risk I am getting into a pull back right before the stock spikes higher |
| 219 |
I short into strong resistance |
| 220 |
I short as support is failing |
| 221 |
I look for massive volume conviction when buying a breakout |
| 222 |
I know that positive news can have more meaning than any chart pattern for price action |
| 223 |
I never try to buy the dip on negative news |
| 224 |
I buy at the open of the day ( #3 SuperNova Spike or #5 Dip Buy Panic) |
| 225 |
I buy into a big order (If I see a big order getting chipped away, I hop on the ride with it) |
| 226 |
I don’t not need to master everything all the time |
| 227 |
I skip #1, #2 and #7 at first |
| 228 |
I adapt and adjust to changing markets |
| 229 |
I focus on patterns that work for me |
| 230 |
I reject patterns that don’t work for me |
| 231 |
I try new patterns but accept what I am best at |
| 232 |
I maximize the patterns I am best at |
| 233 |
I put myself in a position to win |
| 234 |
I study the past |
| 235 |
I make daily watchlists |
| 236 |
I don’t give up |
| 237 |
I have the right mindset to become a millionaire student |
| 238 |
I getting ready for battle when playing the stock market |
| 239 |
I will be a self-sufficient trader |
| 240 |
I have a strong work ethic, determination and flexibility |
| 241 |
I am prepared for every play every day |
| 242 |
I study, learn, adapt, optimize, refine, repeat |
| 243 |
I can quit my day job once I avg $5K/week profit for 10 weeks |
| 244 |
I end the week green, even if its up only a penny |
| 245 |
I use Level II to detect where big walls of buyers and big wall of sellers are |
| 246 |
I know that large orders in Level II are not easy to take out and contribute to key levels of support / resistance |
| 247 |
I get out whenever I see a big order in Level II that blocks the price from moving in my direction (even if it is being manipulated) |
| 248 |
I want to be the last one in to take out the final seller and trigger a breakout |
| 249 |
I Look for Biggest % gainers |
| 250 |
I look for stocks that spike 20%, 30%, 50% 100% or even 1000%, ideally on good news |
| 251 |
I let the market tell me what are the hottest plays every single day |
| 252 |
I know that good news sometimes takes a few days to propagate |
| 253 |
I wait for a stock to prove to me that it is in play |
| 254 |
I do not try to predict or assume where the price will end up |
| 255 |
I don’t care about stocks that are not moving |
| 256 |
I move on stocks that are moving |
| 257 |
I focus on the most volatile stocks |
| 258 |
the stocks that I play come to me |
| 259 |
I am forced to come out of retirement and play the biggest gainers once they prove themselves |
| 260 |
I simplify the challenge to a game of pattern recognition by focussing on stocks that the market shows me are in play |
| 261 |
I know tht most fin sites do not show penny stock gainers |
| 262 |
I never look for new news first |
| 263 |
I look for big % gainers, and then look for the catalyst |
| 264 |
I don’t try to catch falling knives |
| 265 |
I am aware that some crashes have multiple bottoms |
| 266 |
I play clean charts, I stay away from messy charts |
| 267 |
I am afraid of loosing my money on every trade |
| 268 |
I keep hitting singles and foul balls without striking out |
| 269 |
I use Level II for buying breakouts |
| 270 |
I avoid playing illiquid stocks |
| 271 |
I do not play stocks with large spread |
| 272 |
I Buy a Breakout at whole dollar amounts |
| 273 |
When Buying a Breakout I keep an eye on the ASK and want to see it crumble |
| 274 |
When Buying a Breakout I know the number of shares sold at say $5 might be much larger than what is shown on the Level II ask |
| 275 |
When Buying a Breakout I want to see a lot of support come in at 4.95, 4.96 as the ask at $5 gets chiped away |
| 276 |
When Buying a Breakout I want to see a lot of big buyers on the bid pressuring the ask |
| 277 |
When Buying a Breakout I shoot to be the last one in to take out the final seller and trigger the breakout (get the lowest price) |
| 278 |
When Buying a Breakout I look for nice clean breakouts with room to move without resistance |
| 279 |
When Buying a Breakout I get into a breakout that requires a lot of negotiations |
| 280 |
When Buying a Breakout I don’t buy breakouts that are surrounded with some sort of doubt |
| 281 |
When Buying a Breakout I know that stubborn, doubtful price movement is not worth the risk |
| 282 |
I look for bouncing momentum to flatten out when shorting breakdowns |
| 283 |
I look for stop losses to come in and panic selling to take over when shorting breakdowns |
| 284 |
I short towards the close of the day as the volume wades and look for morning panic |
| 285 |
I know that a key level weakens after repeated attempts to break through |
| 286 |
I know that cracking can lead to a quick spike - Even if a breakout ultimately fails |
| 287 |
I know that spikes usually happen between 9:30-10:30am and 3-4pm |
| 288 |
I wait for breakouts over sideways Price Action |
| 289 |
I know that a breakout will Ideally breaks out convincingly and there is some news |
| 290 |
I know that Earnings winner can spike stock |
| 291 |
I know that New big investor can spike stock |
| 292 |
I know that New Product launch can spike stock |
| 293 |
I know that Hot sector (BitCoin) can spike stock |
| 294 |
I know that a technical breakout patterb can spikes stock |
| 295 |
I Identify initial news based spike, then watch for breakout |
| 296 |
I know that a catalyst behind the breakout gives it legs |
| 297 |
I focus on volatile stock that goes supernova |
| 298 |
I look to short sell a supernova on 1st red day |
| 299 |
I look to dip buy supernova off of a panic if/when they hold past support |
| 300 |
I look to dip buy a crash from a morning panic |
| 301 |
I know that the 1st crash may take out the stop losses |
| 302 |
I dip buy a recently strong stock, ideally on a morning panic (aftre stop losses have been taken out) |
| 303 |
I might not know exactly when but I do know that a pump and dump stock will eventually collapse since a promotion can not go on for ever |
| 304 |
I see when a runner is unsustainable (I might even miss the run up) |
| 305 |
I know that after a leading stock spikes, sympathy plays also spike |
| 306 |
I Short the 1st red day (see no borrow no cry) |
| 307 |
I know that a morning panic usually last an hour or 2 and then can dip buy it |
| 308 |
I look for morning panic after big multi-day spikes - I look for maximum pain levels, dip buy at those levels. |
| 309 |
I am awar that time frames differ for these pumps |
| 310 |
I know that some of the promotions even state something like that “this is a promotion for 2 weeks” |
| 311 |
I have a gimme pattern that I amost always profit from |
| 312 |
I look for a convincing break out over resistance with high volume and with news |
| 313 |
I look for friday trades to hold over the weekend (I get used to doing this every week) |
| 314 |
I know that biggest % losers are irrelevant for penny stocks |
| 315 |
I avoid Low liquidity: < 100K shares per day: may be hard to fill orders |
| 316 |
I avoid high liquidity: often too choppy |
| 317 |
I am aware that the volume sweet spot is between 0.5M and 5M shares per day |
| 318 |
I play a ticker when I see news AND a reaction to the news |
| 319 |
I stop trading a stock just because I have a feeling about it |
| 320 |
I learn how a stock is affected by Public Float |
| 321 |
I learn how a stock is affected by Offerings / Financing |
| 322 |
I learn how a stock is affected by SEC Filings on OTCMarkets.com |
| 323 |
I learn how a stock is affected by Press Releases |
| 324 |
I learn how a stock is affected by Facts vs Rumors |
| 325 |
I look for big % gain, then find the catalyst for the gain |
| 326 |
I know that a catalyst could be an Earnings winner |
| 327 |
I know that a catalyst could be a Contract Winner |
| 328 |
I know that a catalyst could be a Big new Investor |
| 329 |
I know that a catalyst could be a Partnership ( avoid while learning) |
| 330 |
I know that a catalyst could be an Acquisition (avoid while learning) |
| 331 |
I know that when a penny stock acquires a private company: could be good to trade and reason for big % gainer |
| 332 |
I know that when a penny stock gets acquired: might be hard to trade(there are many reasons why they would get acquired) |
| 333 |
I know that a catalyst could be a Reverse Merger ( avoid while learning) |
| 334 |
I know that an IPO is a catalyst |
| 335 |
I know that a stock can have follow on spikes after the initial spike - could go up for a couple days or even many weeks |
| 336 |
I ignore stocks that do not move or have no catalyst |
| 337 |
I let the stock tell me how its moving, not my understanding of news/event or my assumptions/prediction |
| 338 |
I keep an eye out for positive response to earnings (earnings winners) |
| 339 |
I keep an eye out for positive response to contracts or presss |
| 340 |
I keep an eye out for hot sector news |
| 341 |
I do not show my position: like a sniper |
| 342 |
I am confident about buying a stock because of a reason for the catalyst |
| 343 |
I do not sink too much capital or time waiting for a stock to move |
| 344 |
I sit and I wait until I have the right shot |
| 345 |
I can always afford to miss a trade |
| 346 |
I can not afford to over trade, break the rules, and not cut my losses |
| 347 |
I ideally buy 3K shares at $2 and sell at $2.50 to make $1500 |
| 348 |
I ideally buy stock that is trading at a volume of 200K - 2M shares a day so I can buy a few thousand shares without affecting the price |
| 349 |
I Ideally buy a few thousand shares and make 50cents - $1 as it spikes |
| 350 |
I Ideally capture a few thousand dollars in a few hours or days |
| 351 |
I buy earnings winner, especially if they break key resistance. |
| 352 |
I know that earnings winners can be good to hold - they may run for days/ even weeks |
| 353 |
I buy breakouts over day highs, ideally still early in the morning, without chasing |
| 354 |
I buy anytime after earnings/contract/press winners if support is held & volume doesn't fizzle (good news can run for 3 days) |
| 355 |
I know that Earnings winners tend to have legs for days / weeks |
| 356 |
I know that Most Contracts/press winners are a spike and done - with no legs that fade - don’t get caught later on. |
| 357 |
I never buy on news alone - I always wait for BIG trading volume |
| 358 |
I lock in sizable profits - I don’t get greedy and end upo loosing significant profits |
| 359 |
I buy a breakout above day high If I go long mid-day |
| 360 |
I do not buy break outs in the middle of the day - they are usually fake outs |
| 361 |
I buy on breaking news, ideally after a little spike in price or volume |
| 362 |
I judge if news has legs and if traders will be sharing it |
| 363 |
I do not dip buy on hot sector news plays - since the dip might really fail if news does not have legs: news should be hitting and spreading |
| 364 |
I remember that every hot sect cools off - they may go big, they also drop big |
| 365 |
I do buy breakouts in the morning or near the end of the day |
| 366 |
I don’t short hot sectors since hot sectors can go higher and longer than I think |
| 367 |
I prepare for the next day each evening |
| 368 |
I Focus on big percent gainers each evening |
| 369 |
I Research these tickers (float, catalyst, etc) each evening |
| 370 |
I Create Trade Plan (entry, exits, risk level, etc) each evening |
| 371 |
I review daily trades |
| 372 |
I REVIEW TIM’s WATCHLIST - float, news, PRs, res/sup levels, 5D chart, 1Y chart, 3Y chart, etc |
| 373 |
I Create trade plan based on own research (entry, exits, etc) |
| 374 |
I Focus on big percent gainers |
| 375 |
I Prepare for Next day at the End of every Day |
| 376 |
I find the tickers that had the biggest gainers |
| 377 |
I keep only the breakouts (over key level or new highs) or 1st GreenDay with massive volume |
| 378 |
I Discover the catalyst for each ticker I keep |
| 379 |
I Categorize into potential morning panics, morning spikes, or multi-day runners |
| 380 |
I Draw closest Support an Resistance |
| 381 |
I Highlight zones of where I think the stock may go up, or may go down |
| 382 |
I may take small positions into morning spikes (keeping an eye out for offerings) |
| 383 |
I put up charts for spikes and panics and get ready to react to one! |
| 384 |
I am on before market open |
| 385 |
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| 386 |
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| 387 |
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| 388 |
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| 389 |
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| 390 |
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| 391 |
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| 392 |
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| 393 |
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| 394 |
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| 395 |
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| 396 |
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| 397 |
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| 398 |
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| 399 |
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| 400 |
For sure - it all comes from various video lessons from Tim: I'm hoping I can use this list as a reminder until I restructure my brain!
well done, cool work
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