timothysykes

Entry comments: Buying this low float/former runner earnings winner on a big dip off its day highs, big seller at 3.50 but if he gets taken out this booms to the high 3s or even low 4s, I like my odds of a gap up/morning spike next week too

Exit comments: No bounce, bigger sellers on the ask, still up a ton on the day, I'm heading to Italy next week, VERY important video lessonc oming tomorrow on this trade, it's a MUST WATCH, tough $15k loss for me, but that's the risk when you go big and are deadwrong

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Position Updates

  • Aug 08, 14 2:26 PM: Bought 60000 at 3.50 - Buying this low float/former runner earnings winner on a big dip off its day highs, big seller at 3.50 but if he gets taken out this booms to the high 3s or even low 4s, I like my odds of a gap up/morning spike next week too
  • Aug 08, 14 2:34 PM: Sold 36000 at 3.26 - Ran into brick wall at 3.50 and then once people realized it they started bailing, I reduced position size to limit my risk
  • Aug 08, 14 2:47 PM: Sold 24000 at 3.15 - No bounce, bigger sellers on the ask, still up a ton on the day, I'm heading to Italy next week, VERY important video lessonc oming tomorrow on this trade, it's a MUST WATCH, tough $15k loss for me, but that's the risk when you go big and are deadwrong
DatePrice
Entry8/8/20143.50
Exit8/8/20143.236
  • Total Views3,345
  • Position Size60,000
  • Percentage-7.54%
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bidbuytom
bidbuytomAug 08, 14 10:39 PM

Hi Tim, I am looking forward to the video. I would like to know your opinion on the psychological part of the trade. Do you say, "so what, next trade"?

sash1986
sash1986Aug 10, 14 10:11 PM

Tim, talk to your buddy Nate, I can see the ascending triangle breakout you were buying but you bought too early before the breakout and your stop was way too loose. 210k of shares, damn.

eheldman3
eheldman3Aug 12, 14 2:36 AM

@bidbuytom It's not easy when dealing with a big loss, but from watching Tim's videos and looking at his history I think it's pretty obvious what you have to do. Suck it up and move on, the only other option is to quit trading.

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