I dont understand why SYPR went down today it was a contract winner, they signed a deal with volvo. And i bought 20k shares on friday thinking i will sell it fast with a nice gain on monday, but no it did not even react to the contract news. However i cut losses quickly but lost 1200 $ on the way. I am paper trading right know with thinkorswim and i am glad it was funny money instead of real otherwise i would feel really fucked right now. On this trade i did not use technical analysis or level 2 or time and sales i just bought and sold like an idiot. I dont even know how to use tos platform properly. I need to learn a lot before starting with real money.
I bought all tims dvds from ebay i have almost all his dvds now and soon i will go through all of them, and i will also buy a pennystock silver membership and watch all his lessons, and paper trade on the side untill i save up 1500 k to start with suretrader.
If tim sykes is reading this i would appreciate if he could give a good answer on why the stock did not go up.
And sorry for my english. :)
Glad that was paper money Elvis. sounds like you need some structure the videos will help with that. I would advise againt buying before the markets starts, see how the market reacts to the news first. You really have to know how your broker site works first. per Mike Goode. • When you understand how to trade on your Brokers Site • When you know how to create a watch list • How the stock moves INS and OUTS a. Liquidity b. Volatility
Thanks I just watched the lessons
In the market that we are at the moment you have to play it more sefely. Earnings winners are still good plays but expectations is what matter the most. market was down that day and 3 out of 4 stocks follow the market so that is a 75% chance that your stock will drop if the market does that. Sometimes this EW will be great at the beginning but they will fade. SYPR didn't also have the best numbers and the contract that they did with Volvo as you could see, was not enough to hype up the price. Wh
Volvo has a lot of neg attention right now. Maybe that has something to do with it!
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