Today I tried to dip buy the morning panic on $CREX but as soon as I bought the stock panicked another roughly .40 cents so I cut losses as soon as I could then it spiked so I rebought and then it panicked again so I took my losses. Then Tim Sykes bought the correct dip and took a single. This makes me feel better that I had the right idea and was on track. I just read his watchlist and he planned to dip buy the panic on his watchlist. I know it seems like a no-brainer to read the watchlist before hand but I want to test my skills before hand and then read his watchlist  after hours to compare my thesis.  

I missed my entry on the breakout of UAVS at 1.01 and I decided not to chase. The stock is now in the 2.50s. I traded CAPR several times and took singles. One trade on it I broke even. Had I used larger position size, my losses would have been green. That proves that the best setups add up over time! Definitely a pattern I am working on. 

 

This watchlist is focusing on watching Earnings and potential Panics

 

TLSS, QEP, AMPY, HLX, CVEO - these are all intraday spikes that had something to do with earnings, be it, conference calls, revenue miss, but the point of this is to watch how the act after this initial spike as Tim says earnings can run for several days and you dip buy earnings winners. I don't plan on trading these, but I do plan on watching them closely to track them and take screen shots and study what Tim talks about. 

CAPR, UAVS, VISL, TXMD, SM, PVAC, MTDR - are all stocks I am watching for morning panics to dip buy into since they spiked nicely today. I am trying to focus on stocks that Panic roughly 10, 20, 30, 40% at the market open. By waiting for these big panics, I plan on working on this discipline as the bigger the panic, the bigger the spike ability. Kyle Williams also confirms this on a YouTube video interview with Tim Bohen on StocksToTrade's channel. 

 

My goal for being super meticulous is to focus on the best setups as 4 nice trades a month, with scalable size, could lead to substantial gains. The point is to not over trade and become so familiar with these patterns that I won't waste my time thinking that junk is something worth watching and learning the wrong lessons. 

 I am also watching the Top % gainers on StocksToTrade throughout the day for more stock that have spike ability potential like CAPR that are proving they are holding the first spike and turning that resistance into a support that could continue to run. "Supernovas" These stocks that are on my watchlist, have had a runup of this sort.