timothysykes

$1,164 profit EMHTF Long Stock

Entry comments: I dip bought this recently strong weed stock, classic http://tim.ly/sykesmorning morning panic here, not a hugely volatile move though so my goal is a 20-40 cent/share bounce

Exit comments: My conservative goals were hit so I'm taking profits, nice little low risk bounce play, I'll take my roughly $1,000 more in profit, now +$3,000ish on the day in just the first 45 minutes of trading, all because I had a very specific plan on both of my trades, being meticulous is key to success!

Received 22 Karmas
Ferr69
Ferr69 Jan 28, 18 4:51 PM

how do you profit $1,164 if you buy $5K @ $6.26 and sell $5K at $6.50 thats a profit of 191.69. which is a 1.03% increase not 3.83%? im confused

Ferr69
Ferr69 Jan 29, 18 2:13 PM

got it - i thought it was 5000 value not 5000 shares. that makes sense. thanks

aiprinceb8
aiprinceb8 May 06, 18 2:45 PM

Ferr69 MACHINE DOES NOT LIE!

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Received 1 Karma
Cyra
1
Cyra Sep 07, 17 2:04 AM

are you a challenge student or penny stock silver subscriber? Good work on the amazing market play! good luck verifying your trades

Get_Rich_or_Die_Trying
1
Get_Rich_or_Die_Trying Sep 07, 17 7:52 AM

Gotta wait til the next day to upload "verified" trades, or you can put it in manually

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Received 5 Karmas
Skiwi
Skiwi Aug 17, 17 2:04 PM

24 before or after commissions?

KTM4NICK
1
KTM4NICK Aug 17, 17 3:38 PM

22% gain is awesome on 4th trade

DrHannableStockton
DrHannableStockton Aug 17, 17 4:40 PM

Thanks y'all I'm focusing on my percentages most of all I was just happy to of been out of the negative

Twisted_English
1
Twisted_English Aug 17, 17 5:40 PM

Good job, trading like a sniper, aim small, miss small. It's a good thing to keep emotions out it'll make you a better trader

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Received 3 Karmas
wannabestocktrader
1
wannabestocktrader Aug 03, 17 11:28 AM

Congrats, but don't think about red/green too much. Focus on taking solid trades, and then if you really are taking solid trades, but losing, then focus on what is leading you to those losses. You can have a really good trade seutp, and still lose, it's part of the game. Likewise, you can have a really bad trade setup and win, so always be mindful of that.

Iceman911
1
Iceman911 Aug 03, 17 6:08 PM

2 mths in and love all of it but so much to learn hang in their!

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Get_Rich_or_Die_Trying

@timothysykes I may not be a Challenge student or able to afford your Pennystocking Silver or Tim Alerts subscriptions yet but I do read your blog posts and watch your free video's and wanted to say that you keep me motivated to learn more and eventually I'll be able to afford your subscriptions so I can learn even more from you. Thank You Tim.

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xbows
xbows Aug 03, 17 11:37 AM

Stocks To Trade

Raylbc27
Raylbc27 Aug 03, 17 4:20 PM

The best news feed for me is http://www.theflyonthewall.com $35 a month for the breaking news feed but it's 5-10 minutes faster than my other free news website! Worth it! If you want stock promoters i have a link on my page for them..

Snipe
Snipe Aug 13, 17 2:48 AM

Thanks

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wannabestocktrader
1
wannabestocktrader Jul 23, 17 5:50 PM

Prove to yourself first that you're ready. You have 3 day trades per 5 rolling days, so you should at least be able to have 1 significant win that offsets the potentially 2 smaller controlled losses. Repeat consistently. If you can't do that now, what makes you think being able to trade more will allow you to? Focus on learning how to grow your account first, THEN worry about how to do it faster. If you follow Tim's materials, you have literally months and months of studying to do, and he covers

wannabestocktrader
1
wannabestocktrader Jul 23, 17 5:52 PM

* a lot of non-day trading strategies. So you have options to trade without needing to day trade as well.

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Received 2 Karmas
Get_Rich_or_Die_Trying
1
Get_Rich_or_Die_Trying Jul 17, 17 11:11 AM

Was in on that trade, thought it bottomed around $1.45 so bought in and about 30min later started tanking even more. Got out at $1.35. Wish I had enough to be able to short stocks but I don't have enough money on ETrade to upgrade to a margin account.

aidan222sharpe
aidan222sharpe Jul 17, 17 12:59 PM

they released an 8-k for convertible warrants right before market open. scumbags

aidan222sharpe
aidan222sharpe Jul 17, 17 12:59 PM

they reduced warrant price down to a dollar, this was setting up for a good long to

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Received 2 Karmas
StephenR
StephenR Jul 09, 17 6:49 AM

@Torkers Trading this setup is still a little new to me but if a stock is trading above the sma(200) on a 5-minute chart, breaks an RSI of 60, and crosses above all three SuperTrend resistance levels I'm going to take the trade because the stock is clearly in a strong uptrend. When the MFI hits/nears 90 or the price touches/crosses the Upper Bollinger Band (20,3) I exit the trade. As for this trade, the stock was still below an RSI of 80 so it had a little more room to run. I generally try no

StephenR
StephenR Jul 09, 17 6:52 AM

@Torkers I generally try not to take a trade unless I believe I can make about $1000 on it but sometimes that doesn't always pan out. I actually should have been in this trade at .60 but I was having platform issues. If you look at $THLD on a 5-minute chart it is pretty much the same setup.

Torkers
Torkers Jul 09, 17 9:52 AM

Okey - im far from an expert so I was just curious to see your response! But this totally make sense - GL on your journey!! Study hard! =)

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