Happy Sunday everyone! Hope everyone had a great weekend and enjoyed themselves! Time to get back on the grind and finish up February on a strong note. Here’s how my first 2 months looked on a week by week basis.
Week 1: $189 Week 2: $192 Week 3: $108 Week 4: $46
Week 5: -$55 Week 6: $31 Week 7: -$12 Week 8: $13
Total Gains YTD: $512 Started with: $400 Total: $912
After a really hot start to the year with UNIS and NXTD, I’ve slowed down dramatically in February. We do still have Monday which could obviously change these numbers a bit if I make a nice trade however I wanted to put this all in my video lesson and recap. I’m still up over 120% on the year which I’m extremely encouraged about even with February being a slow month. I actually went back and studied some of Tim’s top student’s charts (Tim G, Connor B, Michael G) and they all started really slow for the first 4-6 months. Tim G was actually down nearly $2k after couple months before ramping things up. I’m still learning and very new to this game so I’m not going to get discouraged by February. I’m learning from my mistakes and trying to work on becoming a better trader each and every day. The 3 things I’m going to focus on more in March are being more patient with my trades, working on my timing and starting to short stocks. I’m depositing some money into my account Monday so that I’ll have $2k in my account and I’ll be able to short. I have left nearly $1000 in profits on the table by getting out of trades too early or getting into a trade too early. I’m still sticking to Rule #1 which is cutting losses quickly and that’s why my average loss is only 8% and my average gain is nearly 17%. My stats were a little better in January where my average win was 20% and my average loss was 5% but I had a few bad losses in February and I’m looking to get back on track in March. Here’s what I’ll be watching next week and I look forward to any feedback you guys have. Thanks again for watching and good luck next week!
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SUNE – After spiking up the past 2 days closing the gap, I do see some downside coming here but it may not be on Monday. I would like to ideally see some more upside here (get to the $3’s) before I look to short this. David Tepper was trying to put a halt on the acquisition of TERP saying it would benefit SUNE more so then TERP and that this plan would unfairly increase TERP’s debt load. SUNE has been hammered in the past year and I don’t think this acquisition is going to help them at all. I can see this getting back down to $1.50 or so.
ULTR – This was up big on Friday as they got approved to transfer to the NASDAQ capital market so they can stay in compliance and continued listing on the NASDAQ. This nearly touched $0.30 and then came back down to close at $0.17. This has been on a decent comeback in the past 3 months and I can see this possibly breaking out above $0.20 resistance. Ideally I’d like to see some more volume here as this would be strictly a technical play for me.
PRKR – This was up on a contract win Friday where they received $10 million in funding. These funds are going to be used primarily as legal fees and expenses incurred in connection with the complaint filed by PRKR with the ITC. On a technical standpoint, the stock is trading near it’s low’s and I can see this spiking $0.10 or so depending on the outcome of this complaint.
Here’s a few stocks that I’m always watching do to their volatility and ability to spike huge given the right catalyst or PR. Sometime they spike when they start to get near their long term support levels also without any catalyst.
VLTC, LIVE, AVXL, HMY, NXTD, TGD, UNIS, GSS
If you would like to know why these are on my watch list you can either ask, or go back into my watch lists from earlier in the year explaining in detail what I’m looking at and why.
Nice video. Keep going strong!💪
Ja..nice video.Well done!
its inspiring how you can starting with $400 make money after subtracting commisions
@Arbi717 thanks! it was hard let me tell you. If it weren't for that 70% winner on NXTD, I'm not sure if I would've survived which is partially why I threw in some more money yesterday. Making the world of a difference.
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