this could be a good use for the fibonacci tool

Welcome! I wouldn't consider my self experienced but Im always interested in bouncing ideas off of other traders. How long are you looking to play this one? Could be a good one for day trading options but looks like more bearishness with a dead cat bounce on the weekly chart

Once I looked at the weekly and 200 day chart I got a little scared away. I may end up paper trading it. I've watched about 300 of Tim's videos on YouTube so I was trying to compare to some of the things I have learned. I do not have a margin account yet. If I did I was thinking day trade by shorting when it peaked.

If you plan on holding SCTY, would buy 1/4 of my postion now.

ya, it looks like it can increase a little higher for tomorrow since i read the press just to open another operation which is a good sign

what program are you using ?

@omega_trader DAS Trader Pro platform from centrepoint securities

I am new to this game. Any advice on starting my journey to become an independent trader? Should I watch tims dvds before subscribing to the penny stocking silver membership?

@ponyo Good morning, sorry I was already in bed when you posted. Do you currently have any of Tim's DVDs? Have you traded at all, know anything about day trading or you are just getting started? Just trying to better understand where you are standing before giving you any advice.

wow thats a lot of information, this is what i needed! thanks a bunch!

@omega_trader You are very welcome! hahaha good to hear that. Enjoy the information and learn a lot.

@bank_a_tronic thanks amazing what the stock did today never thought it would go balistic

@omega_trader let me tell you...you missed something crazy today...I traded it poorly bought at 23 sold at 25...ridiculous ;)

@tompumpanddump Yeah, it's wild swings won't be over anytime soon lol

@tompumpanddump yes i did haha and you yes you did but its okay thou you made money

1) Trade Mindfully by Gary Dayton - this book has helped me huge

2) Rich Trader, New Trader 2 - simplistic, but an easy read and good advice

3) and an old one Reminesces of a Stock Operator

I have tried Elliot Waves, but I prefer other indicators, mainly volume & 9 and 20 emas.

100% agree, grittani is an amazing teacher and breaks it all down very well, Sykes is great because he just gives it to you straight and honestly, like it is. I have watched every dvd more than 5 times. I LOOOVE it. Its my drug

NICE!

@Bet0nBlack Took your advice on taking notes on a word doc...saved me so much time, i even copied my notes from my handwritten book to the doc over the last 4 days. Thanks!

NP. Keep up the good work.

is that pink line your EMA ??

Hint always check CEO bought a lot of shares. Miss that

3.02 now

CEO bought Nov 11

cool video, thanks for sharing!

Was possible I guess considering it went from 2 to 24 but the chances of that are extremely low. Probably just going to fade unless it gets one more squeeze then its fades.

@Nathan_casey got it thanks for the input