wannabestocktrader
wannabestocktrader Apr 25, 18 3:46 PM

Having watched it for weeks, this is not a short for me until after May 1st earnings, and only when it starts to drop under $8. Until then, it's been a 100% do not short -yet- stock because of the unreal price action. Too many shorts are trying to catch the dips and while that can be profitable if you're fast, it's also been resulting in a lot of squeezes.

wannabestocktrader
wannabestocktrader Apr 25, 18 3:48 PM

Patterns don't mean anything anymore on this type of runner, as it has had 2 "would be red days" that ended up reversing so strong 4/18 & 4/19, so it was obvious to me to not short anymore. Even if it ends red today by chance, still not a first red day short since it's just up too much, and too many are still getting squeezed. I'm waiting myself even though it's hard to miss out on the volatile moves.

Lucacollinelli
Lucacollinelli Apr 25, 18 6:03 PM

i would suggest simply short on the 2nd or 3rd day (go watch michael hudson interview he talks about this too)

Join now or log in to leave a comment
Received 1 Karma
mannieb
mannieb May 01, 18 12:18 AM

Sorry about the delay, I haven't used Profit.ly for some time. What you said was perfect!! Track winners, breakouts, etc and I track the results for the day after for all big % percent gainers. Further more, check out "Traders Checklist" on youtube - it's free.... Its a great guide to help you as it where i leant it from - Tim Bohen explains a lot using the Tm Sykes method... Enjoy but realise its a lot of hard work.... I spend a lot of time tracking my data... almost ALL of it BUT I HIGHLY RECO

mannieb
mannieb May 03, 18 12:06 AM

I should add - Look up Stephen Jonk on Youtube - A student of Tim Sykes who has documented his entire trading journey every week for free for new traders - https://www.youtube.com/watch?v=QD4BvWoS74Q.... And I saved the best for last - a recent article by Tim and a new up and coming student - THis ARTICLE IS ABSOLUTE GOLD!!! https://www.timothysykes.com/blog/the-best-young-penny-stock-trader-in-the-world/... I'm now taking a break from Profit.ly to focus on my research and mental clarity... Goo

mannieb
mannieb Jul 10, 18 1:56 AM

I should now add that i have come across the "Chat with Traders" podcast. A podcast/youtube with exceptionally talented traders who give professional insights into their trading systems/routine.. A free resource that defines each trader by their particular style in trading... Find someone who matches your style and LEARN :) I have a preference for listening to the following traders - Mike Katz, Mike Bellafiore, Alex (@TAGRtrades) and Stuart McPhee.... with so many other interviews I will listen

Join now or log in to leave a comment
Page
of 1