To the Sykes community:
I wanted to share this quick thought with you. Since leaving Market Mastery in La, (2 weeks ago), i have not had 1 red day in terms of profits. I highly recommend everyone takes the opportunity to watch Tim work his magic live. Its a whole nother learning curve. My biggest 3 take sways were this:
1.) Focus on IDEAL set-ups. there are many stocks you can short at resistance and buy at support. Don't be distracted. FOCUS. There are only a few stocks breaking out(of multi month/year) to new highs on strong volume.
2.) FOCUS on the catalyst. A technical break out can occasionally provide momentum, but your odds go up considerably when the catalyst combines with the break out.
3.) Understand the battle between shorts and longs. Its a constant battle going on through out the day switching between favoring longs and shorts. Don't be on the wrong side, understand the stock you are trading, and be aware of factors affecting who's in control.