robotcat2
robotcat2 Apr 09, 17 10:19 PM

question- When you guys say short the first red day, does that mean shorting mid day, but on the exact day that it is going red or does that mean the day after a red day

Madbash
Madbash Apr 10, 17 8:26 AM

@robotcat2 Hey Colby. The first red day is defined by a stock closing below the previous days close. Often with these supernovas and pumps you may gap up, and have a red daily candle, but it is still technically "green" on the day. When an overextended stock finally has a red day you may want to be short anywhere you can, because the next down will often be down even further.

Madbash
Madbash Apr 10, 17 8:29 AM

@robotcat2 Check out the $CYTX chart for an example. Mid February you had about a 5 day run-up where every day was "green" then there is that big red candle on the 16th. That was the first red day when the close was before the previous days close, any short position on that day could have been covered anytime the next month for a profit.

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xbows
xbows Aug 03, 17 9:02 PM

I think Nate M. and Sykes parted ways a few years ago and now the guys at IU post their trades on Tradervue

redwolf90
redwolf90 Aug 03, 17 9:55 PM

They should settle their differences with a freestyle rap battle like grown adults

ZachR
ZachR Nov 29, 17 12:50 PM

be precise with your entries and don't be greedy with your exits. nice work 16of 17 wow!

TATwinz
TATwinz Jan 23, 18 7:07 PM

awesome, great blog posts thanks. best regards to your wife. i think they just need more kids lol.

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Jonk87
Jonk87 Feb 11, 17 10:48 AM

@smillie327 thanks - it's very basic but a good start - more learning exercise for me so I wanted to put it down. I'm definitely moving over to shorting just need to top up my account a little more and move over to IB. Traders like Arick and Tim S do prove there's money on the upside too - it's just preference.

Jonk87
Jonk87 Feb 11, 17 10:48 AM

@robotcat2 small start I just started looking into it really these last few days. I'll keep at it. Cheers.

smillie327
smillie327 Feb 11, 17 11:45 AM

How to Make Millions wud get U further than SEC and is not as tedious if U havent seen it yet

Jonk87
Jonk87 Feb 12, 17 11:37 AM

@smillie327 I know it :-) I've seen most of the DVDs that's why I'm choosing SEC haha

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Peregrine_Trading
Peregrine_Trading Jan 01, 17 6:40 PM

omG d00d be careful with XGTI. Read my blog posts for my horror story with XGTI. When they first made the Vislink merger announcment, i got in in the afternoon for a swing trade. Next morning they diluted the stock and i ended up loses over $3k

Peregrine_Trading
Peregrine_Trading Jan 01, 17 6:41 PM

As for BPMX, idk man that seems like a longer-term move. If their pimple product is successful then it may be a big play, but testing shouldnt be done for several more months, so it's up to you if you want to wait that long

Barcode1337
Barcode1337 Jan 01, 17 8:32 PM

BPMX I feel has no catalyst atm same with XGTI which I like for a long .10-.20 take it and leave imo, GL trade safe

krs1
krs1 Jan 01, 17 10:31 PM

This is only my opinion - but I try not to hold o/n or o/w anymore..have just been burned too many times. That's not to say that it doesn't work for some...just hasn't for me and I'm too scared to hold for too long

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