Filters (0 applied)
Saw huge gap up and NEWS (only 2 hours old). Saw stock jump up from open at 3.22 to 3.48, then drop and base around 3.18ish. Thought it would have another bounce so I bought in at 3.21. Stock did not bounce, it fell. Got out in 5 minutes at 3.18 for a small loss. I did not read TS's chat room notes b4 trading as he warned against this stock not holding its highs. Have to make sure I do that every morning.
Saw stock on FINVIZ up 35%. It got passed 2.00 briefly so I thought it could not hold 2.00. Shorted at 1.97. Completely misread catalyst (very strong). Had I bought I could have made up to $400 in 15 minutes. Stayed in too long past my 5% rule. Feel like a real dummy. I have a problem with getting out quickly if the stock does not go my may. I will learn to trade scared.
Shorted at end of first red day (stock had been up for 12 green days in a row and had a triple top at 1.35. Stock dropped to 1.21. Filled 100 shares at 1.20 with big seller at 1.21 but could not fill rest of order for 5 minutes. Then stock shot up to 1.30. Sold remaining 900 shares at 1.29 as stock went green on the day. Huge disappointment. I guess the lesson learned is if an order is partially filled but a lot of time passes stop the order and recover at one penny higher.
Followed the rules on this one after listening to Tim's video today. Saw that stock did not have a great catalyst, but was up 40% and trending down. Got in after confirmation of downtrend. Had to hold awhile (nearly 1 hr 45 mins) but kept seeing gradual lower highs and lower lows so I hung in there. Also saw several sharp drops which led me to believe the stock would continue to drop. It all worked out as planned. Thanks Tim!
Followed TS rules. Shorted on first down day after stock had dropped below day open (and had stayed below the day open for most of the day, except for a brief spike). Resistance held at 1.70 (open) and it finally cracked around 3:50ish. Would have held for next am panic but high volume (25 million) made me think it could spike on dip buyers.
OK. Stupid trade. Saw stock rise on Carl Icahn sympathy play (up huge on day, close at high). Huge volume. After hours huge volume and spike up. Thought it would run. Woke up and stock had GAPPED DOWN TO 1.34. then up to 1.50. Waited until it his multi-day support at 1.38 to buy and average down to 1.525. Stock plunged further. Got out like a scared rabbit. Worst trade to date. Plan failed miserably. LESSON: Catalyst was a failure for 2nd day.
One of the 400 richest people (Sillerman) NEWS cause 45% up on previous day. Stock spiked, then crashed .30 off high. Dip bought at 2.11. Stock went up to 2.16-2.18 briefly. Went between 2.18-2.09 for nearly an hour. Cracked my 2.5% loss line at 2.06 and sold at 2.04 (had to chase it down). LESSON: the dip buy was not working. I had a chance for nearly an hour to get out with a small profit ($25-40), but held on foolishly when stock had gone negative on the day. No quick bounce. OUT.
Never attempt to copy or mirror the trades discussed on this website or in alerts. Attempting to do so may result in substantial financial losses. Alerts are not provided in real-time. For that reason, it is highly unlikely you will be able to buy the stocks at the same entry price, or sell the stocks at the same exit price, to achieve the same or similar profits obtained.