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.
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@timothysykes Hi Tim, just want to say thanks for your commitment to providing great educational resources, free videos etc..completed my first trade on the 7th April, went long on PGNX, small position for 7.5% gain. Looking forward to continuing to learn from you.
Does the T+3 rule still apply on SureTrader for accounts below $25k?
@WillKaraman oh wow that's great. Thanks for the info
Awesome, am always keenly interested in your watchlists.
Would you mind sharing what fees look like going long/short?
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Thanks for sharing, like a lot of other people on here, rugby's trading of TNA got my attention recently. Something to look at a bit further down the track.
@Tone for smaller accounts, I'm finding that NUGT is a much better ETF for small positions. Its very very volatile but if you can grab your position at they correct moment, it can give you an amazing return in minutes. Tomorrow I'll be verifying my trades from today, Made over 100$ with NUGT in a few minutes with only 200 shares (11-12k$)
Cool thanks for the reply. Is on my watchlist, although I'm limited to swing trades for the moment due to time zones
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jeez keep getting cut off. From there you can place your trades based on those pre-drawn support and resistance. For SL, try to go under the support line, for TP do the same but with the Support. Support at 100, SL at 99.5 Resistance at 105, TP at 104.95 or whatever. People love their whole numbers.
If your sleeping, and cant have finger on trigger id suggest swing trading instead
Thanks all, I appreciate all the comments. @goodtimej, haven't used them yet, but intend to test out - especially in situations where I want to protect profits. @tompumpanddump thanks buddy, will be stopping the sissy paper trading soon :-)
@nightwolf92 thanks very much for the comments. That's kinda similar to what i do but the way you approach seems more robust. @Wolves_Of_WallStreet thanks! am always interested inyour watchlists
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@JLLOYD you need to read. How many of those people using SURETRADER actually make any money over the year. If you have options why would you use one of the worst out there. This is the issue with your responses we are not American so there is nothing that ST gives us as an advantage other than shorting and that is the issue. When you short with actual size because you have money they don't cover your positions you get errors in the end it costs you more money. If you have a small account that y
If you have a small account that you would even think to trade with less than $2500 you are on leverage why so you can give them more commission by trading more. I just get annoyed when you constantly post SURETRADER on everything. In Canada we wouldn't even bother with that garbage as MANY firm will give us an account for under $2000 most $1000 and that is Canadian so like $600US but as I said why would you be under $2500 to start trading. I am here to make money grow my accounts and using ST
I am here to make money grow my accounts and using ST will not do that for anyone serious over the long term. Stop pumping that junk on internationals who can almost afford the best. If you can eat quality steak why would you be messing with 3 day old ground beef.
@JLLOYD I have to agree with @osirustwits the guy who actually gives solid alerts and makes money trading. He has been doing this for a long while and has some serious knowledge but the main factor is these are not americans only americans have PDT issues. You really should do more research before you post only people who use SURETRADER are those who short or who can't afford better. You shouldn't be shorting as a new trader so this makes them irrelevant.
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@MarkAus Hey mate, apologies for the random message. I'm an Aussie and am just kind of getting into this, still learning and looking at brokers/platforms but won't be kicking things off til I've paper traded for a while. I was looking at Options Express and on the face of it their fees seem not too bad. A couple of your updates indicate you're not happy with them? Any feedback is much appreciated.
Hi Tone, sorry for late reply. Havn't been trading. I'd recommend Suretrader as you can have a far smaller amount with them and still have no PDT rule to restrict your trading (they're not the best but a good start point). I can't seem to sign up though. OX does the job but has a bit of a learning curve and restrictions (see my blog). I'm limited in text here so if you have any further questions let me know.
No worries, cheers for the reply Mark. I signed up to OX and it seems ok, although I'm still paper trading and just using their demo virtual account. Will look into SureTrader as well. Cheers again mate, all the best.
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@Tone just became a fully transparent trader today!
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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