Bito

@kroyrunner Hey Tim! I was just wondering what were some of the best ways to think about slippage. I’ve seen your DVD’s and your pretty spot on with your covers or sells at your risk. I hope my question isn’t too confusing but I was just shorting $SURF this morning risking off of R/G and it almost reached R/G by .05 so I threw in a cover order for 51 shares at 5.95, got filled instantly, and then it never hit R/G and cracked like I wanted. Granted it was only 51 shares but I’m starting to feel anticipating the risk level being hit by putting an order in is not a good idea. So what are your thoughts on accounting for slippage should it look more like putting an order in as soon as it hits your risk or right after it hits and should I expect to change my mentality with bigger size? I do figure float, share count, and market cap would be factors so the bigger these are the more you can judge smartly how its acting around your risk level and the smaller they are the more aggressive you want to be with your covers or sells.

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kroyrunner
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kroyrunner May 23, 2:22 PM

@Bito i usually put my order in right as my risk level breaks, a few cents above that level. it's not about avoidnig slippage for me, it's more accepting that there will be a little and perhaps sizing a hair smaller knowing that fact

Bito
Bito May 23, 4:47 PM

@kroyrunner Thank you again for all your wisdom and all that you do for the trading community!

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mitch20

@kroyrunner Hi Tim , apologies for the noob question i am currently creating spreadsheets to track data , i have watched trading tickers and used tradetheticker.blog spread sheet example and found both very helpful. I have split the tickers into separate categories including : market,volume , market cap , float then split them into good , medium and bad day ones. This has however left me with over 100 spread sheets and will take over 2 years to fill each one with 100 tickers. Would you say this is to extensive or worth the time ? Thankyou for the great lessons in the chat !

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kroyrunner
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kroyrunner Apr 23, 10:50 PM

@mitch20 I think you're splitting your categories far too severely if it leaves you with that many sheets. What I do is I track all these things on ONE sheet per setup, and then I can sort/filter by column to see if any of the variables I'm tracking actually make the play more/less likely to succeed

black_M87
black_M87 Apr 30, 10:00 PM

Hi Tim, your DVDs are great; thank you for explaining your ideas and thought processes in detail, I've found it really helpful in developing my own ideas and strategies. Do you still use Equityfeed (now called Scanz)? What do you use to record your trades? Will there be a sequel to Trading Tickers? Thanks.

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kroyrunner

[TimChallenge] as of today i am never again answering what my target is since the answer is ALWAYS "i don't have a target"

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kroyrunner

[TimChallenge] trading is all about having 2 things guys, strong conviction (whatever your reason may be) that the move will go in your favor, and a clear risk level to use in case you're wrong. it's not about calling it right every time. just have a plan and stick to it and if you're wrong more often than not then you need to examine the edge you think you have and reassess

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Mikeb132

@kroyrunner Hey Tim, in one of your videos you talked about a course for Google Spreadsheet and I remember you said it was expenive but often on a deal. I don't remember which video it was but i would like to buy it so I can start tracking trade and setup. Thank you !

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Hoji

@kroyrunner Hey Tim! Just wanted to ask a question and I would much appreciate your time. I know that your favorite set up is Multi-day or month breakout. I am struggling to find stocks that are multi day breakout and gap up for a few days. Whenever I find a stock that gaps up or spikes, but the next day it gas down. I just wanted to know what strategies do you use to find stocks that have great potential to break multi days or month instead of having one day up and down the next day. Also, when you use multi-day break out strategy, do you buy to hold it for days or do you short it on that day after it is down. Thank you in advance!

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gill488d

@kroyrunner Hi Tim, I just finished watching your Trading Tickers DVD and I wanted to really start tracking promoters to subscribe to as many of them as possible. Unfortunately, some of the sites that you gave to find them are not free and I cannot allow my self to have more monthly expenses right now as all my money goes into the challenge and the mandatory tools. Other sites don't seem to be active anymore ass well as @ThePUMPtracker that you told us to follow on Twitter. Can you please provide a quick update on sites that are still active, free and that work best for finding these promoters. Thanks a lot in advance!

nura__nura
nura__nura Apr 18, 5:55 AM

Tim doesn't use the stock promoter strategy anymore. Most promoters are garbage. This is why nobody in the recent years recommend the stock promoter strategy anymore

pennymavros
pennymavros Apr 29, 7:10 AM

@gill488d you have asked the same question I have been asking myself but unfortunately know one has been able to help me out with this yet.

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Bito

@kroyrunner Hey Tim, I did a private IM but I haven't ever received a message back from anyone that way lol so I thought I'd post here just in case. I asked about dollar volume the other day in chat, but I think I'm confused as to how that can be used as an indicator to help choose stocks. Why is it important to have good dollar volume in the stocks we ( or at least the ones you pick for instance you say you like a minimum of 3M) trade? Thank you!

kroyrunner
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kroyrunner Apr 09, 9:42 PM

@Bito $ volume is better than volume, because it helps give a better picture of liquidity dependent on the price of the stock. for example, a stock that is $1 and trades 10 million shares is far more liquid than a stock that is $0.01 and trades 10 million shares. So $ volume helps solve that problem and ensure that everything I scan for will truly have good liquidity regardless of price

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ChanceStearns

@kroyrunner What's a good indicator to you that a setup isn't working right now? As someone who's not consistent, it's hard to differentiate between whether or not it's a setup that's not working or just my skill (or lack thereof).

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ChanceStearns
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ChanceStearns Jun 25, 19 11:20 AM

For example, I remember you traded the DCAR breakout a few months back, but then I stopped noticing them working. But that's the only one that I've seen in awhile. How do you know which one is going to be "the one" that works? (That stock didn't even have news that day, it was just hype about UBER and LYFT going public)

kroyrunner
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kroyrunner Jul 01, 19 1:45 PM

@ChanceStearns most important thing is having VERY clearly defined rules for your setup, when you should buy, when you should sell, etc. If you are constantly executing your plan perfectly but losing, it's a setup problem. If you aren't follwing your plans, it's a "you" problem

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kfay171

@kroyrunner Sorry to keep bothering you... Quick question. When using multiple accounts do you switch trading platforms to place the trade? Or do you enter the order online? For example, I use Etrade pro, if they have no shares to borrow and I use another broker lets say TD Ameritrade would you switch platforms, run them both, or enter the order on the website?

kroyrunner
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kroyrunner Jun 04, 19 5:00 PM

@kfay171 my main trading setup has multiple monitors, so i can keep many different trading platforms open at all times. so i guess i'd say i'm running all available platforms at all times so i can quickly switch between

bahamastrader123
bahamastrader123 Apr 04, 12:42 AM

I think it's time for trading ticker II bro ... you already at 10mil .. you must have some new stuff to show us

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Lastshort32

@kroyrunner I have studied hard and understand short selling and am really good at it as if you see my trades I win a lot shorting into the close. Now im i'm a senior in college and had to use my growing account to pay for college how much do you think I should save back up to start shorting again.! iI was up around 7k I want to to

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ChanceStearns

@kroyrunner When you're watching multiple stocks (for however long it may be), do you write down detailed notes about the fundamentals to keep better track of your biases or do you track it in any certain way? Or is it all just up in the ole noggin?

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kroyrunner
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kroyrunner May 04, 19 4:06 PM

@Chance_Stearns i try to keep it in the noggin but sometimes that results in having to look 2-3 times lol

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kfay171

@kroyrunner Hey Tim, I want to start tracking setups however I need some guidance. There is a ton of variables and I am not sure what ones are relevant to each situation. Do you have some sort of template and/or advice you could possibly share with? What setups are working for you these days and what criteria does the setup have to meet? You probably hear this a lot but it would mean the world to me if you helped me out!

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anatomic

@kroyrunner what’s up Tim? Quick q. Ive been studying 3 years and 2 mnths, I’m 24, I have an edge, I’m up 20k in a paper acc. so far this year. I have a plan to save 100k by jan 2021. Should I start with 40k at this years end or wait and save the 100k or is that overkill?

kroyrunner
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kroyrunner Apr 01, 19 11:58 PM

@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

anatomic
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anatomic Apr 02, 19 7:54 AM

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

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ChanceStearns

@kroyrunner At what point did you decide to stop going "all in" with your account? Or was it always dependent on the trade? I've been looking at your first couple months of trading once you become consistent and it looks like you RARELY had a loss over $200. So it's crazy to me that you kept that tight of a risk with such fast growth. If you DID keep going all in for awhile, did it get harder and harder?

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kroyrunner
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kroyrunner Mar 15, 19 1:34 PM

@Chance_Stearns pretty shortly after my first big win on AMWI in november 2011. i definitely would still play some elite setups larger than normal, but i tried to avoid all-ins as it was a very scary way to trade

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savelik13

@kroyrunner Hey Tim, what is the best broker right now for short selling and locates ? and which one do you use ? thanks !

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kroyrunner
kroyrunner Mar 11, 19 9:37 PM

@savelik13 centerpoint probably, but cobra and speedtrader pro are very good as well. i've also heard good things about tradezero although i have no personal experience there

savelik13
savelik13 Mar 15, 19 1:31 PM

@kroyrunner One more thing, What platform in CenterPoint do you use ? Thanks you very much for the answers!

kroyrunner
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kroyrunner Mar 15, 19 1:33 PM

sterling, but i'd be using DAS if i didn't have it at another broker already

wtnwin
wtnwin Apr 07, 19 1:54 AM

are most penny stock shortable in Centerpoint when piking on opening hour of market time?

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anatomic

@kroyrunner Your % edge a year and a half ago was 33%, it's now 66%. So you've been trading with about a 140% edge for the past 1 1/2 years! Your winning % has actually gone down to around 65% now so your risk/reward has to have gone from about 1:1 to nearly 3:1! Are you just using a tighter risk now, what'd you change? It's obv. working!

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Alqasem354
1
Alqasem354 Mar 03, 19 12:12 AM

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

Lakhjhajj
Lakhjhajj Mar 11, 19 4:35 PM

Congratulations Tim! Well deserved new milestone

Tin2Trading
Tin2Trading Mar 19, 19 12:24 AM

hi Tim...do you use stop loss?

AnneMarita
AnneMarita Feb 02, 11:32 PM

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.

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D5Candyman

@kroyrunner Congratulations!!! $6million+ So Amazing!!

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Torino13
5
Torino13 Jun 07, 18 8:41 AM

Amazing trade Congrats!!

novalaz
2
novalaz Sep 26, 18 9:14 AM

#Amazing Mind blowing waht trading can do for your life if you learn/study and apply it

Ford41
Ford41 Sep 30, 18 5:59 PM

Watched you presentation today on live streaming video. Any chance I can get a copy of your slides?

bahamastrader123
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bahamastrader123 Jan 01, 19 6:58 PM

Tim ... I think it's time for Trading Tickers II DVD ... I'm sure you have a whole lot more you have learnt and I'm ready to buy part 2 please look into creating one. Also when you create it .. do what you always do .. let us sit with you and watch you live even it's it's for 40mins we need that. Thanks.

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TimeFliesBuy

Make sure you all go check out @kroyrunner 's latest trades if you haven't already, he still has that midas touch!

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asfricksrs
1
asfricksrs May 01, 18 10:16 PM

I saw those, amazing, and teaching in chat lately answering every question.

TimeFliesBuy
TimeFliesBuy May 03, 18 2:44 PM

Thats so cool, I wish I was in the Challenge, once I pay of this darn loan I hope to be there.

asfricksrs
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asfricksrs May 03, 18 3:02 PM

Off today - weather - he was actively at it - chat has adapted to his presence and allowed him to breathe. Although going back to work was not in the plan of my journey, any unrealistic expectation - instant success - must be met with keeping the dream alive. i know rushing the process will result in a huge crash and burn for me. I understand, the difference from Silver to Challenge was unbelievable. Initial expense almost prohibitive for modest means, content/community access worth it.

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McGuiganCapital

Getting through these Grittani webinars, and studying hard this weekend. Main focus this week is to focus on shorting into the major daily resistance on over extended stocks. This strategy makes sense to me and I have seen it work consecutively. Thanks again @kroyrunner appreciate all that you do to help us students!

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KenKwan
KenKwan Apr 23, 18 12:58 PM

hey Squiggs, no worries! VLRX was ultra frustrating today, as I had my order setup, only to get an error message from IB saying they didn't have shares lol. Would definitely have been a nice short! Time to find another broker..

McGuiganCapital
McGuiganCapital Apr 23, 18 1:00 PM

Yea, IB has not lived up to the hype for me, at least not yet. I always have issues finding shares. Etrade is similar with Borrows. I just signed up for a Suretrader account, despite the terrible things I hear about them, I more or less just want to try them out and see their short availability.

KenKwan
KenKwan Apr 23, 18 7:40 PM

Cool. Let us know how suretrader is. For me, probably signing up for a cobra account and giving them a try

McGuiganCapital
McGuiganCapital Apr 23, 18 7:44 PM

Yea, Ill keep you posted. I saw Tim G mention Cobra in the chatroom, and to be honest it was the first time I heard of it. I'm going to take a look into that, keep me posted what you think of them.

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lexeter

@kroyrunner Hi Tim, I'm considering Speedtrader based on your blog post from a few years ago; which clearing firm should I choose for shorting listed stocks (not OTCs)? Thanks!

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bjamminwithyou

@kroyrunner Tim! It looks like you're semi-retired, congrats! You're still trading like a boss!.. I was very dazzled by your knowledge on promoters a couple of years back, and I asked you about it in the Q&A at the 2016 Orlando Summit --you said OTCs are dead, and so I gave up on promos after several failed perks. I've been going thru your trades, and it doesn't appear any of your long positions were based on promotions. Are promotions still dead? If not, what promoters have any push? Hope to hear from you!

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surfbreak

@kroyrunner on 3/12 GRXXF did what I expected it would do when I saw how overextended it was on Friday. Too new to this so I did not trade, but learned to spot it from Trading Tickers. Thanks!

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