Personal analysis of Tim's trades while I am learning. I am by no means saying that I am wrong or he is wrong, just breaking these down by my viewpoints.
Posted Mar 04, 16 7:55 PMbybowhunter_51
Received 1 Karma
Personal analysis of Tim's trades while I am learning. I am by no means saying that I am wrong or he is wrong, just breaking these down by my viewpoints.
Support was at 7.00 when 7 level held and it spiked up very quickly thereafter...
It's a math game. RE: WATT, he's using 7 to 6.87 for risk. In his comments, he says "goal is to make 30-50c/share." So he's risking APPROXIMATELY 10-20 cents with a potential to make 30-50 cents. Now since it was struggling and didn't feel right, he got out sooner with a 13c profit. He says "playing it safe." So based off 7 as risk (since it is an easy number), his final risk/reward was 1:1 (risk:reward) but he had a potential to make (3-5x) 1:3 or 1:5 in profit.
Also homework. Read this. It's based off Jesse Livermore's book. https://www.goodetrades.com/2009/09/trading-based-on-whole-number-pivot-points/
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