timothysykes

$2,538 profit TGRO Short Stock

Entry comments: Shorting the failed morning spike, IB & my special broker, shares going quick, goal is to cover for 20-30% gains this week

Exit comments: Closed out TGRO short, captured it on live video but video failed to download as I'm on crappy internet in a NYC hotel, ah man really pissed, it was a great live trade video lesson, oh well, I'll do a recap now, classic morning panic on 1st red day straight out of my DVDs, LEARN PATTERN #6 FROM MY 7 STEP PENNYSTOCKING FRAMEWORK DVD http://tim.ly/ts7steps gimme setup here, glad several brokers had shares to short too

Received 4 Karmas
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timothysykes

$1,030 profit TGRO Short Stock

Entry comments: Reshorted due to perfect price action, probable gap down/morning panic to .60 or even .50s

Exit comments: Covered into perfect morning gap down, now .53 so I played it too safe, but I'm traveling later today so I don't like time restraints...congrats to all shorts, especially those http://tim.ly/sykesmc students who saw this trade detailed live yesterday

Received 2 Karmas
bankkeen
bankkeen Jan 07, 14 9:55 AM

Nice trade wish I was in.

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timothysykes

$625 profit TGRO Short Stock

Entry comments: Shorted some of this pump which I TOTALLY bungled this morning, reserving shares to short all day with my high net worth broker, now 10 cents/share off its lows, I still think it can drop a ton later today or tomorrow, goal is to cover in the low .60s

Exit comments: Nice no risk $700 after fees profits, much easier than CNTO

Received 1 Karma
JVP3122
1
JVP3122 Jan 06, 14 3:04 PM

Are you calculating percentages correctly? Should we not be dividing 0.832-0.75 by 0.75 instead of 0.832? If you buy a stock at 0.75 and sold at 0.832 your gain would be the difference divided by the purchase price, or 0.082/0.75=10.93% instead of 9.86%

sanf
sanf Jan 06, 14 3:06 PM

@tim ... does this mean you are not going to wait to buy again at low 60s ?

Sharny
Sharny Jan 06, 14 5:06 PM

Nice. Super hard time finding shares to short. Need to change broker or something.

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timothysykes

$625 profit TGRO Short Stock

Entry comments: Shorted some of this pump which I TOTALLY bungled this morning, reserving shares to short all day with my high net worth broker, now 10 cents/share off its lows, I still think it can drop a ton later today or tomorrow, goal is to cover in the low .60s

Exit comments: Nice no risk $700 after fees profits, much easier than CNTO

Received 1 Karma
JVP3122
1
JVP3122 Jan 06, 14 3:04 PM

Are you calculating percentages correctly? Should we not be dividing 0.832-0.75 by 0.75 instead of 0.832? If you buy a stock at 0.75 and sold at 0.832 your gain would be the difference divided by the purchase price, or 0.082/0.75=10.93% instead of 9.86%

sanf
sanf Jan 06, 14 3:06 PM

@tim ... does this mean you are not going to wait to buy again at low 60s ?

Sharny
Sharny Jan 06, 14 5:06 PM

Nice. Super hard time finding shares to short. Need to change broker or something.

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