sykes_next_millionaire

@Shthappns Hey, in the chat today regarding ESI you said that it was an earnings winner (from Friday I remember that), but that it had a gap to fill from 9 to 14. What indicates that it's going to fill that gap? Thanks!

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KeDarious11 - Oct 19, 14 7:17 PM

@PolisB Hi PolisB heard about you in timothy skyes videos how do you pick your company?

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KeDarious11 Oct 22, 14 7:57 PM

What do you think about AXXE.

PolisB Oct 22, 14 9:02 PM

Dude, you want stocks that are "in play" such as contract winners, earnings winners, Ebola, MJ, Police shootings, whatever's in play....I don't see anything with AXXE telling me its "in play" or will be. Don't waste your time on stocks like that. Also 90% of the battle is using the right strategy, instead of trying to focus on hot stock picks. I would wait until I get Tim's Watchlist every morning and then I start running my scans, and I have been trading only 3-4 trades a week lately, I stay in

PolisB Oct 22, 14 9:04 PM

Hope this helps, good luck!

sykes_next_millionaire Oct 22, 14 11:23 PM

Well said PolisB, well said.

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nydog - Oct 16, 14 10:15 PM

I learned today to finally use a stop loss after I lost quite a bit of money yesterday. I use TOS. If you are long, click on sell. Then click on Stop Market. Then I put in the price I want to put in a stop order. My stop price is probably the support line price or the Moving average line. Usually, when a stock dips below a support line, a lot of stop losses are triggered and this causes the quick downward movement and sell orders.

Raylbc27 Oct 16, 14 11:09 PM

The only scary thing about stop orders is the disadvantage is that the stop price could be activated by a short-term fluctuation in a stock's price. Sometimes when i was using Etrade the stock would drop so fast sometimes my order sometimes didn't get filled/stopped out and i ended up losing more.. I prefer just to watch all my trades live.

sykes_next_millionaire Oct 16, 14 11:28 PM

Absolutely, stop-losses can be disadvantageous if you don't set a gap large enough to accommodate for natural fluctuations. Burned me a while back, thought I had made over 150% to find it had dipped just under my stop loss early in the day so I lost money. Definitely an "aaargh" moment.

nydog Oct 17, 14 11:28 AM

yes. I definitely understand and that is why I never used stop losses before. However, If my stock has gone up $1...definitely have to put a stop loss 20 cents below. I wont put a stop loss until Im up over 50 cents and be happy with small profits.