Hey Nick95 I don’t have any recommendation on book to read on options. I took a weekend course with Phil Town at Rule1investing that explained it very well.

@woodtick27 oh okay thank you for the reply! I'll check him out

Look for Andy Tanner here is the link: https://thecashflowacademy.com. The mentor club is great I have been subscribed to both Andy and Tim for about a year now and learned a lot. If you are looking for an introduction to options to read get this book https://www.amazon.com/Stock-Market-Cash-Flow-Investing-ebook/dp/B00E25KOCI/ref=sr_1_1?ie=UTF8&qid=1513020535&sr=8-1&keywords=andy+tanner.

Oh, keep in mind that you need at least 25+k to trade good option witch is why I am now with Tim. you can learn covered calls witch is the beginners options.

@Molonelabe Thank you so much I'll check it out! Appreciate it

They are, for the most part, emotionally hype driven one-hit wonders. The 'trend' can last all of a few minutes or a few days and they are done. We are simply trading the newest headline for these low-priced and low float stocks. The only real exceptions are

the earnings winners that can run for a a lot longer or maybe a Phase 3 drug biotech success story...just know that cancer is a lot more news worthy than toenail fungus there. Soooo...as far as a 'recession' goes and penny stocks..I would put very little weight in how it affects (or effects - never got that one straight) the trade ability of them. Just my 2 cents here.

Then sometimes traders tend to concentrate & hone in more of the same & it the trend of traders' price action is to move that stock it can RUN. We should absolutely not be worried, as traders, about a healthy correction drop of @ 1500points, or even a bear market. We are at the right place to be either way! Even if lamestream media is panicking or hyping it up, us traders will always spot potential & trade it! :))

Tim has mentioned the likelihood of some of these patterns inverting. On days when the Pre market futures are down & then at the bell when the overall markets are down we see resistance points hold stronger. ie: former highs, moving averages... so some stocks like earnings/contract winners may take longer to play out as long as chart signs keep holding.

Cool find.

Thanks for sharing!

Even though it may be a crappy company and great short don't forget to always respect the price action. Who knows this may run even further tomorrow but definitely a great short like you said.

There's no 'it may be' here. Yes, follow Tim's rules or your own for trading entries and exits, and do your own due diligence, that should go without saying... By the way, the Fortune 500 company customers are nevermentioned by name at all.