160" screen holy crap!
Your a legend
I thought i was overkilling it with my 60" lol
so much respect for that man
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Days to cover is a ratio found by dividing the short interest by the 100 day average volume. The resultiong number is how many days it would take for all the shorts to cover if they were the only buyers and they all covered. A number less than 5 does not have much bearing. Between 5 and 10 with a catalyst and it should add momentum to the trasde. Over 10 and a good catalyst, let the fire works begin!
Thanks for a new watchlist Bob!
Thanks for the regular watchlist, I was also interested in learning about the 'days to cover' aspect, so thanks for explaining that.
Thanks Bob
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@DeeSniper I messed up on my execution. I wrote it out in my trade summary. Should have gotten in PM.
Paper traded the spike after the open. Very hectic but good lessons. Hesitate for a few seconds and the profit per share goes down by 60c.
I did, my man. Got in premarket as soon as I saw you post this. Sold right at the market open. In @ $6.95 & out at 8.50
@afishe3 Hell yeah man! Way to go!
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Good idea, thanks for the advice.
Just going to add: From Tim's watchlist 30th March: 'why in the world are you buying one day runners with no great history of multi-day spikes? When I successfully dip buy EMMD and VRAY, they have been running for SEVERAL days in a row' ......but he also dip bought ZAIS which doesn't fit that pattern...although it did spike the day before on earnings.
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Thank you for the quick recap of the Webinar... Was unable to make it due to work, but will be watching it once it is posted. This was very helpful with Earnings Winners, as I need work on how to play these Stocks. Thanks
Thanks Kenneth, very good post.
Due to really inconvenient time zones, I'm look at at a different approach. Earnings winners can be great swing trades over about 5 days. The ideal setup is an earnings winner with technical breakout, ideally green on day 1, but it can work if red if the breakout is maintained (look at PRCP). Get in late in the day and then look for 7% -15 % over the next 5 days or so, as earnings winners can run. This is working great in paper trading, but I'm picking the wrong ones when using real money :-)
Remember that just bc many of the earnings winners on his w/l are one and done, doesn't mean many of them in general are the same way. This is a secondary strategy for him, so he only profiles a small fraction of the winners we get each quarter. last quarter we had about 50 earnings winners under $20 that ran for several days
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the time diff sucks big time haha. i'm still trying to figure how i can trade, sleep and get up for work and do that on a consistent day to day basis
$15 a trade isn't too bad. You want good charts to play which should net you $200 to $2000 profit. Don't settle for any chart.
A chart like WLKR is under $1. OX isnt good with low cost shares. Plus, they charge you a lot. Move to Suretrader if they're the charts you want. OX is better for $2 stocks and above.
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@aandino I will for sure take note of that. Thank you for your input. I will follow along on your page. Hope to see your profits grow as well!
Haven't been trading long. 3 months paper trading, then tried for real in April with a small account and got smacked down pretty hard. :-) So it's back to paper trading and study. HTMM video lessons are helping big time.
Go with How to make Millions dvd.
Thanks for the tip. Which would you recommend reading first?
@Lahi Candlestick Course. Changes how you watch intra-day charts when you understand what's really going on.
@psk2329 Thanks!
@AngelTrades Try to borrow the book from public library. you can also get extensions.
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