Link: https://www.youtube.com/watch?v=F-WQt8ZAuFg
Date: 1/10/2018
All credit goes to Tim Sykes
-He made some great trades. Cut plenty of losses. Had a lot of wins in recent days.
-He thinks the run on crypto/blockchain is great, but he doesn't think the technology will be as great as many think it will. At least relative to the price action.
-We saw low float, ebola, marijuana, shipping, police equipment, etc. heat up and fail miserably. Everything thinks this time is different but it rarely is.
-Keep one eye open and don't get too confident about the fa
-This really reminds him of the dot com bubble.
-He's not shorting these stocks - it is too scary. But he thinks these runners are mostly SH*T.
-He's giving back his profits to the less fortunate.
-Have big goals and try to achieve them!
-Any one trade can make you poor if you size too large and use leverage. He is teaching you to develop the right rules and habits.
-Talks about other stocks - blockchain. He doesn't buy paid pumps consciously.
-Be careful going SHORT on these stocks. Tim is mostly known as a short seller. But recently he's mostly long. The trend is in the favor of going long.
-Never be afraid to adapt.
-Don't be a gunslinger. Take some profits off the table if you're doing well (crypto).
-He made $250,000 in 2017. He made most of it trading sh*t companies in hot sectors. He wants the hype to continue but he isn't drinking the koolaid. The day of reckoning will be there. Learn from history.
$KODK
-Blockchain play. Kodak summary. All of a sudden, blockchain is going to save them? No.
-Talks about the dip, breakout levels intraday.
$HMNY
-Spiking on ICO rumours - is BS. Talks about Moviepass numbers which were good. Stock didn't do anything. Then they talk about blockchain and then it spikes... sign of the times.
-It would be wrong of Tim not to mock this type of thing
-All sh*t will go down the toilet. Good analogy for these stocks.
My thoughts: hands down one of the most entertaining youtube vids Tim's done! And great lessons. Best teacher out there. 100%
Totally agree - very funny video Ane totally correct
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