hey im new to this program and im wondering if you remember where exactly you learned of the OE pattern?

@gbayconi I made it for the most part. @kroyrunner and many others short overextended stocks, but they all have different criteria for setups and trade them differently.

working on that. Here's a picture oftrade on DTIL today. I only got half size, but I risked $140 and made $646, so about 4.6R

What about you?

Greetings Hunter, always good to see a fellow dedicated short seller. If you want to enter in depth conservation about short setups, chart patterns, trader psychology etc. we should use discord or something of the sort. I feel you on that not having anyone to discuss/exchange thoughts with on short selling or trading at all really for me.

Also, I have plenty of stock analysis that you could analyze if your interested. If you detail your trades, I would appreciate if you would be willing to share your trading logs.

Usually summer is pretty slow. Sometimes December is because of the January effect. People/fund sell stocks that they've lost money on in December so they can write them off on their taxes. Then they buy them back in January which causes a lot of long and short plays.

Stop using shitty brokers, see http://tim.ly/sykesbrokers

It's the cost of using free commission brokers. You get what you pay for. In this case, nothing.

They look like a classic stairstepper pump and dump and yes their financial are horrifying. Thanks for verifying. Aloha and good trading.

If you feel you have an edge playing this low volume stuff, fine. But these setups are not scalable with real $. You would be very lucky to squeak out a $1000 win ever playing this stuff. You also leave yourself wide open to getting blown out in a black swan move. TMRC was fine, but the rest look pretty rough

@anatomic I hear you. I've been trading coming up 3 years now. I've played penny stocks, large caps and mid cap stocks. I've leaned more toward OTC this past year, just b/c the profit potential is so much more. I generally trade between $300-$600/trade. The reason why is b/c if you are wrong, you can lose up to 50% of what you put in even with good risk management. But if you are right on the trade, your win can be between 50-400%. It's crazy

judging from your profit chart I would be led to believe that you definitely have some things figured out. Aloha

Start with 5k and you'll be way ahead of the game. If you lose 2k of that, you can always stop trading and refine your strategy

Its not all about shorting. Its just what dux is most comfortable with

There is no secret - the longer you think there is a secret the longer you'll implode your account

I want to learn to make money

@anatomic i think 100k is overkill, but keep in mind paper trading and real trading are veryyyy different especially emotionally, so i suggest you start EXTREMELY small when real money is on the line! the worst thing i see people do who have this much saved up is start in huge and blow it all extremely fast, a very hard amount to recover. let your early mistakes be tiny papercuts with micro-size, and only after a couple months AT LEAST of experience do you want to use your results to guide your

Thanks man. I blew up most of a 1k account when I started and then traded full time for 8 months with 10k. I lost like 200 bucks over 8 months lol I honestly should’ve traded a little bigger but I was in the tracking/refining stages then. I may try and save 50 grand and try again with a 10k acc. I just wanna have enough to cover expenses. Do you think 2 years of expenses is a solid place to try to go full time? I just want do this for a living so bad I can’t stand it hahaha

from college grad soon to be bartender to best penny stock trader in the world

Congratulations Tim! Well deserved new milestone

hi Tim...do you use stop loss?

In couple of short months Tim will cross the big one...$10 M and that's quite an incredible achievement. I have huge respect for someone who continues trading instead of trying to pull money out of the desperate newbies, like so many today. However, after trading nearly 3 years, I must say that Tim's only video "Trading Tickers", is really what taught me how to trade. So, it really doesn't take a lot of teaching, just a lot of practice and spread sheets.