Im liking your podcast with Tim B. Ive been studying for about 6 months and im about ready to start trading. You said that your only making $10-$50 a trade. What stocks are you playing, I mean do you have a dollar amount that you are trying to stay with say .10-$1.00 or are you just taking very small positions due to a small account. My thinking is with my small account if I play a $10 stock my position will have to be alot smaller than if i play a .50-$2.00 stock. Do you have any advice on this
That's what it's all about .. Changing psychology and becoming better .. Glad you went I didn't make it. Eat , sleep, breathe stocks, then get up and rise and repeat ... Just make sure you have mouthwash
Yes jasonraborn, smaller accounts cannot afford to go all in on $10 stocks
@Jasonraborn he's doing it to learn first
My name is Bullcrazy on there, we should link up. I make custom indicators, some very helpful and some just plain funny
what broker u make your indicators on?
@DannoCaber Tradingview, sorry I didn't see this until now.
no extended pre and post, I posten another vid, that one didnt upload
Its a pain in the A, i can get premarket but not afterhours, i never really dug into the issue, they claim recently that they added extended hours intraday but its buggy.
@TimeFliesBuy yeah they got it now, thank God
One day, they might actually have a level 2......
@timothysykes What is the best way for me (a 15 year old) to start investing because I have to be 18 to even sign up with brokers. I don't want to lie about my age either because I want it to be my full time job one day and that would be like lying on your resume.
Get a custodial account
They have your social security number to verify your stuff, also The best route is just to learn and learn and learn. There will be a time where you can. Most people jump right in before even testing their strategies. So learn non stop for three years
Now, it comes to how can I scan the market to find the best stocks to trade. This is the most important that I think I should learn at the beginning and focus on. The strategy to scan the market is hard to gain because there are many stocks and those stocks spike in a time manner and I do not have any idea that they will spike until the end of the day. Even if it comes to predictions, it is hard to tell which stock exactly that I should focus on. @timothysykes #hardwork
Hopefully you take this as positive criticism, but Tim's strategy is buying towards close in hopes for a morning spike. All you have to do is loo up biggest percent gainers on yahoo finance or any chat forum. Next find the catalyst, if there isn't one don't play it. If the catalyst is crap, don't play it. Try to scan for hottest stocks towards the ed of day, check support and resistance areas and if it's closing near its high preferably day 1 of a runup jump on it
Or if its holding support
@Youn_gun706 , Thank you for all this information. I really appreciate it.
@timothysykes yo Tim, that pump EMMD finally opened back up, it's at .15!!!! LMAO!!!!
Everyone who uses DAS apparently that software is down, welcome to software it goes down every now and then, call the company, don't message me about it LOL I don't even use that stuff
What's DAS?
Dux is the man
Thank you Tim!!! Dux is the MAN!!!!
Dux is the man. Thankyou Tim!
DUX IS THE MAN
@timothysykes Tim can you take a look at BLTO ? is it the same pattern as EMMD ?
Nice look bro.
thx
Get in my http://tim.ly/sykesmc chatroom for all questions, I get thousands/day these days, ZERO time anywhere else
@timothysykes nke lost 7.27% should we short hoping the trend will continue or buy because RSI is at underbought showing a strong buy. please advise
amazing job man well done
@dawoud thanks for the support man
@timothysykes Hey tim, how to you feel about buying the bounce after a dump?
usually don't expect it to bounce much cause theres alot of resistance
@chrt222 HADV and ESSD bounced well over 100% in a couple days
The higher EMMD goes the better, bigtime potential short, classic #6 pattern from my PennyStocking Framework guide forming
Exactly, Tim this thing is nuts. Any chance it'll pass its old high? And yes I know anythings possible
@BobbyGipe Hey you genius, how did you find those?
@BobbyGipe I find it so hard to find pumps
@BobbyGipe NVM bro
$MEET offering, what scumbags, no wonder it wasn't bouncing like a normal earnings winner
@elcidcampeon Thanks for the info!
@EuroLeo aww hush, it's trading, he'll look back at this later after watching the videos and laugh. It's a process there will be hazing...sorry
We're all rooting for you man! Please don't every give up! You inspire us all!!!
@AngelofPeace that's awesome to hear thanks so much - working hard to break through - closer than ever :-) Really appreciate your feedback
@Jonk87 You bet brother!
@timothysykes AUPH first red day? And a sour market today :)
Drop Ayeee!!!
Entry comments: Shorted this over-extended play on multiple failures to go green today, SMALL position though due to choppiness, goal is to make 30-50 cents/share
Exit comments: Out for small gains, sorry for delayed alert, wifi keeps dropping as I teach a dozen http://tim.ly/sykesmc students in person, won't take out day low so I play this choppy stock safely, props to Alys who covered better than me at 6.63 for small gains!
This has been 6.60-6.90 all morning. It's just been swinging. Buy the dip sell the high 10mins later.
It's mid-day. And whats the risk? Also thats about 4% per trade -_-
unless the risk is 1% thats not good\
I WAS BUYING THIS AT 5.88 AND SOLD AT 6.40 WITH SMALL POSITION. DON'T UNDERSTAND WHY EVERYBODY SHORTING AT THIS LEVEL. THANKS TO ALL TIM'S VIDEOS THAT I'VE WATCHED I WAS ABLE TO SPOT THE CLEAR BREAKOUT! ONES AGAIN THANKS TIM!!
@timothysykes EMMD moving down
@masonob yesssssssssss
@Youn_gun706 no comment bro! 70% loss of value!!! I expect it's gona reach $0.25 per share... very flaky!
@masonob Nice short, and now bounce
@masonob shorted at 2.34 covered at .74
Which one is bullish ? Pphm RNVA ?
The initial spike for PPHM week before last was from someone buying buying a large number of options. I looked at it then but passed as I wasnt able to determine if itw as worth entering on the spiked options interest alone. . I saw this make your list the following week. Good call on that. From the looks of it, lot of people did well.
@bigman Why - and what would be your strategy to trade it?
Thanks
Adapt thanks Tim
Adapt
ADAPT.....
Adapt
$MYOS now being pumped by several chats, gooooood, potential short, the higher the better!
can you make a lesson on the pumps you see on this please. I need to see chatroom pumps
Use http://stockstotrade.com Twitter scanner as I say over and over and over again, pay attention just one of those times please
@timothysykes I know to use STT but I'm 17 with $500 I can't afford it yet.
several members here recommended thinkOrSwim. but ppl also said that you cant short on thinkOrSwim. Plus I am not finding those symbols. Just curious what kind of platform should be used for OTC
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