TickerTommy

Here we are a few years later. I let life get in the way of studying and trading, but my wife and I attended the Vegas conference this past week, and I feel recharged and ready to ease back into it and continue my trading journey. I'm excited to be able to introduce my wife into trading and help her get up to speed. It makes this even more exciting to have a partner to learn and trade with. Thanks to @timothysykes and everyone that put the Vegas conference together. It was definitely inspiring, and we look forward to more opportunities to trade with you guys. By the way- I am closing $HQGE, for any of you that had been keeping up with my miserable bag holding long ago. It'll probably wipe out half of my profits here on Profitly, but a solid lesson learned on fake, promoted companies. I think I bought 200,000 shares @ 0.0262 and its at... 0.0000 now.. I know it isn't funny, but all I can do is laugh because I knew I shouldn't have held it at all. I should have had a solid exit price before it fell. $5,190 Loss..or somewhere around there? Yuck.

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TickerTommy

Here I am 3 months later. Sorry for not updating on said positions from my previous post- I should have some cliffs notes on the ticker in my trade log. I have exited all of the positions I previously mentioned except for $HQGE. Why you ask? Because some part of me seems to think it will someday spike again on a promo. On the 3 year weekly chart, it went as high as 0.2 in 2018. I'd really just like to see it spike back to break-even for me, but who knows when that will happen or if it will ever happen. Years leading up to 2018, it seems there would be a small spike in the chart towards the end / near the beginning of a new year, but looks to be in sucks-ville since then. Maybe I'll hold through the end of the year and maintain a GTC sell limit order. I've liquidated most of my other positions so I have some capital to play with. But I'm "stuck holding the bag" on $HQGE until I decide that I care about the money I have tied up in it. As far as BTSC goes, I thought it might come back when bitcoin heated up again, but it didn't. I cut my losses slowly on BTSC and it cost me more for breaking the cut losses QUICKLY rule. See a trend here? I've fighting with myself on cutting losses. I'm trying to train myself to just cut the losses and move on. The more stubborn I am, the more money I lose. If I were to "cut losses quickly" and "take profits on the way up" I would be making bank. It's not about the quantity of the trade, it's about the quality of the trade. Don't jump into trades just because you're itching to be in a trade. If it's that bad, paper trade until you can tame yourself...or don't and just lose your real money..sometimes that's the best way to learn, as long as it doesn't blow up your account, because that is mentally devastating. What am I saying? Just cut losses quickly. If you're watching your trade go south in real time falling through support levels, it's time to just get out and move on or call it quits for the day. Better luck next time. It's a game of the mind.

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TickerTommy

I wanted to just give an update on some trades. I mentioned I was holding $HQGE, and I still am. I'm half-expecting it to get a lot of attention sometime soon, but I'm growing impatient. I'm also still holding BTSC, since Bitcoin has been hot, I'm hoping for a spike there to exit break-even or close to it. I'm also holding TSNPD. Holding VBHI, but REALLY just need to cut and exit it also. I held TSNPD through the first symbol change, and if I had done what we've been taught (take profits along the way), I would have had a pretty nice gain on TSNPD. Now I'm sitting on a big unrealized loss, but I am hoping the planned name change to HMBL will spike it again, and I can exit with at least a small profit. Now...here is something very valuable I've learned in this whole "holding and hoping" process: YOUR CAPITAL IS TIED UP. I've got 38k in my account tied up in various trades and long-term positions (not part of day trading). Since I'm holding these large sized positons, I HAVE BARELY ANY CAPITAL to trade with. I had to exit some of my investment positions earlier today JUST SO I COULD TRADE with any size worth trading with. So I have learned a big lesson. You can hold and hope if you want, and it may come back, it may not. But you WILL BE CUTTING YOUR CHANCES AT MAKING LARGER, PROFITABLE TRADES, if you hold and hope. I have been struggling with my pride and not cutting losses when they break support levels (multiple ones, too), but now I realize that I'm only crippling my ability to trade, in addition to taking big losses. So keep that in mind when you start to think, "I'll just hold on because it 'should' come back up..." and then you're left holding a bag with no capital to trade with until you exit with your bigger loss.

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TickerTommy

So, a few weeks ago I was a bit conflicted in my trading. I posted on February 19th 2021 that I was long $HQGE and $LTNC, knowing that they are being promoted. I didn't know what to expect, but I knew that I was down on both positions. I couldn't ignore how much attention $LTNC was getting on twitter, and how it was continually being hyped like it was going out of style. I decided to continue holding, thinking, "Maybe these promoters are right...maybe it is going to the moon (and I'll get out when it does)." I got sucked into the hype on the possibility of massively increasing my account size with a single trade....a 'home run.' Thank God that Tim repeatedly mentioned $LTNC throughout the weekend and how it was a pump & dump, and it wasn't until Sunday evening it finally clicked that I was getting sucked in. I watched "How To Trade OTCs Safely Now That The SEC Is Halting Plays Galore - https://profit.ly/content/premium/21821" and read these tweets from his commentary: "https://profit.ly/user/timothysykes?id=2888795 ."; After these, the light bulb just came on and I realized something super important. Even "IF" these promoted stocks were to go to the moon, or just one of them, that is NOT sustainable gains. So what, you hit it big ONE TIME and you profit big. When those gains are gone, what do you have to show for it? Nothing. What we are learning here is how to make consistent gains that will sustain us continuously. A one-time home run (if you're lucky) will last you for a short while, but not forever. So forget the hype, try to catch the promotion early, and sell when they hype it up. I was very fortunate to get into $LTNC before the height of the pump. In fact, I was watching Level 2 this morning when it kept climbing and climbing. I noticed a LOT of big sellers..millions and millions and millions of shares being sold...Why? The stock was trending upward at pretty steady pace. It just didn't make sense to me. Then I saw a few million on the buy, and I started to think, "Maybe this is a shadow game they're playing to help mask the selloff." It dropped from .045 down to .04, and I decided that was my risk. I had 200k shares several weeks ago when I initially posted about $LTNC, and I sold 100k, which covered my entry price. I sold the 100k shares I had left in the .040-.041 range this morning, and it was history after that. $LTNC had a huge red day closing at .0172, down from the high of .045 today. I'm very happy that I was watching Level 2 this morning and noticed all the shares being sold off, otherwise I would be sitting at a MASSIVE loss instead of the nice gains I picked up during the promotion. In retrospect, it's much more worth taking singles and making small gains over time. It's nerve racking at times having your hard earned capital being controlled by sneaky promoters and crooked companies that do everything they can to make themselves look legit...even going as far as getting NFL players and other media-worthy individuals to take a photo with them, or make a single tweet about their company, or anything that would otherwise cause thousands of people to fall for their scheme. They are very good at what they do, but it's really not worth the risk unless you absolutely know without a doubt where they are in the promotion, but then you have to worry about SEC halting them! Just take singles and sell into strength. Cut losses quickly, its safer, and the reward is much greater in the long run. As for $HQGE, I still have shares here. I was thinking it might be running along with $LTNC because they seem to be promoted together. $HQGE is getting nowhere near the amount of attention that $LTNC was getting. I've already made enough with $LTNC to cover my losses on $HQGE, so I'm going to hold just a little longer to see if the focus gets shifted to $HQGE, but I've had a Good Till Cancelled order in on it for quite some time at .03 just to exit if it spikes again. Doesn't look to be spiking at all right now. Tim made a comment earlier that leads me to believe the pump on that one is already over, so I'm going to look into it a little more and may just take the big loss on it instead of holding.. To be determined.. BUT, the lesson here is that these companies will never go "TO THE MOON" or mars, or wherever their CEO and promoters keep saying it's going. Watch the video lesson and read the tweets I linked to above as Tim so elegantly explains this. I'll be posting my LTNC trades tomorrow when I can verify it and upload from TD. I'll also include a chart showing my entry and exits.

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TickerTommy

Learning valuable lessons this week about promoted stocks, and holding and hoping. Breaking rule #1, cut losses quickly, but it has caused a chain of events that have helped me develop as a trader. It forced me to research the SEC filings (or lack thereof, which I should have done anyway BEFORE entering the trades). It helped me to understand that I am trying to size up too quickly (my emotions are being affected by the trades I'm in), and it is forcing me to study more on risk/reward. It is helping me to understand that there should NEVER be a "what-if" once you hit your risk level...just cut it and move on. If there's a what-if, you're position size is too large, just get out of the trade and move on to the next opportunity. With that being said, I've accepted that I made a huge mistake, and I'm along for the ride just to teach myself a lesson and further understand how twisted stock promoters are. I'm "hoping" (Tim would probably knock my head off if he were standing next to me), that $HQGE and $LTNC will retest some of the highs so I can exit near break even. I continue to watch them being promoted, and I guess I'm just waiting to find out where exactly the promotions stand, but it looks to me like it's the end game and I'm holding a losing hand (because I didn't CUT LOSSES QUICKLY).

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TickerTommy

Glad to break out of the -$ amount in my profile, thanks to a successful "buy the rumor, sell the news" options trade with the SPAC acquisition on Romeo Power: RMG / RMO. It's increasingly hard to find time to trade and study between working a full time job and then coming home and working on the new house I'm building, but I am slowly and steadily increasing my knowledge account. I am trying to be careful and stay disciplined, cutting losses quickly.

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TickerTommy

I'm very grateful for Profit.ly - it takes all the manual calculations out of figuring the statistics on all of my trades, and being able to import them directly and just write comments on them is great. It helps highlight the fact that I am not cutting losses quick enough on some trades. Just look at my current stats as of 10/10/2020- I have more winning trades than I do losing trades, an average $ gain of 36, and winning roughly 59%, but I'm still -1,126.07 on my profits. Obviously, I have some things to work on.

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timothysykes

$945 profit DSGT Long Stock

Entry comments: Partial execution on this breakout, I wanted bigger, but its spiking too fast and I don't want to chase, goal is to sell in ht e.20s today or next week

Exit comments: I had to sell into strength, I don't trust this stock so I'm taking singles all day long and stacking it up....took me several smaller blocks just to get executed as despite trading 30 million shares today its tough to execute, glad to be out for safe profits over the weekend, no stress even though this probly pops more

Received 5 Karmas
Pmulle
Pmulle Oct 09, 20 3:57 PM

finally sold $cweb after a month profited 167.00

TickerTommy
TickerTommy Oct 10, 20 11:35 AM

I should have done the same thing on $OPTT and exited when it spiked instead of trying to chase with the other 2500ish shares. I would have profited nicely on the trade if I wouldn't have chased it with the rest. Thanks for this entry comment, I didn't really notice that at first.

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TickerTommy

Finding that making a few REAL TRADES with SMALL POSITION SIZE is worth its weight in gold when trying to understand patterns and how a stock moves in real time. I highly encourage people to TRADE SMALL after learning a good amount of material. Continue studying, and do NOT break over 3 day trades or your account will be flagged (it's EASY to do). I knew that I was one trade away from breaking it, and got sucked in by the action on the stock and made the trade before I realized what I had done. Most brokers will give you a pass and unflag the account once or twice, but it sucks so don't do it. When flagged, you can't open any new positions unless you start the day with $25k in the account, and it lasts something crazy like 90 days. Learn discipline, trade small, cut losses quickly. DO NOT enter a trade unless you have a planned LOSS exit price at minimum. No matter what, cut losses at that price.

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