Not sure how you arrived at this company been a pump. It’s an airline company. A ture pump is like LTEA which spikes for no reason other than shady press releases. But you still new so you have to learn your own way. GL bro!

The press releases seem shady to me. If the flights are really starting this summer I would think the stock would be valued at more than a penny.

If you have a margin account set up you should be fine to short sell.

It's an E-Trade rule. Read this: http://www.timothysykes.com/blog/can-you-short-sell-stocks-under-2-can-you-short-sell-stocks-under-5/ Interactive Brokers doesn't have such a limit: https://ibkr.info/node/285

Just don't ignore the $2.50 rule either. Make sure you can afford it. http://tradetheticker.blogspot.com/2014/02/question-what-is-250-rule.html

Your analyis of yourself is great. And the fact that you have found your edge is great. Short sellers are not the norm in the trading world and going long is how most traders including myself do. I have tried my hands on shorting and its not just a natural feeling for me. But for you it seems like you are a natural.

Just be careful because you do not know which ticker will be a black swan so try and only short on first red days etcs. Because if i buy a 1000 shares i only lose the value over time unlike you who could lose everything in an instant. High risk High reward. Good luck

inspirational I would say! And absolute great reflection/progression in your trading career ;) Nice to read this

can see where you are going w/ this. Im still a green horn at day trading; getting better by the day. I got roached a few times this year on what I thought were perfect long plays. MTBC was one. I entered long mid-June @ $1.99 after several bangs of positive news. It tanked immediately. My mistake was I entered off of just news & not price action. Still, this can be a weird market, & shorting for sure has its place.

What software you using and broker?

Am is SPEX overnight but not good reasons. I forgot that markets close early on July 3rd. So am a bit underwater right now. Remember traders have memories it may still spike tomorrow. But just don't chase.

Nice dude. It's still to voiltile for me to renter right now for a swing. I will buy when no one is looking lol 👀.

And take a chance on that EU approval. It's rear for stock to have definite confirmed future results. We just gotta keep watching

Rare*

Heavy support @ 2.17 this morning - got out with small gain

Remember not enough volume. Good luck

I agree with Lombardo

You need to define your strategy more which includes what volume is required for you to trade a stock? Volume = liquidity = ease of getting in and out of the trade. Use 500k to 1M shares traded daily as a potential guide. If less than this it's like watching paint dry.... not enough action at too slow a pace to be worth your valuable time.

@Jlo5 hey your thesis was on the right part. It gained 3% and like I said it's a better swing. Goes to show that come up with your plan and don't depend on others for a second opinion. Good job 👍

These contracts without actually owning assets. Like commodity trading. Oil futures.

I am also looking for a guru here who is great at future and forex trading. I just joined and don't know many people here

@SanaAsad No one on here really does Forex. But Triforce trader is almost exclusively Futures

Thanks guys for comments @Palmer i guess great minds think alike. Thanks for confirmation

$CLSN price action this morning was a very good example of the failed open breakout, then dip return up with volume.

Yep. That's exactly how I traded this. It's history of failed spikes prevented me from sizing in like I wanted. But yep it happens again and again.

@lombardo141 nice

Great replies guys thank you for it..learning process for sure, watching videos as I type this. If I become successful as a trader and construction worker ill be sure to let you know haha but I am sure thats far down the road. Best of luck to each of you.

Welcome HighTyde and thanks for sharing your experience! I am also new to day trading and have crammed as much TSykes learning as one would think possible over the last month. My 1st trade was on 6/16. I took a very small position on WKHS, held over the weekend, added to my position on a Monday dip, sold all shares later in the day and ended with a decent 1st profit.

My 2nd trade was DCTH which I purchased during market hours but watched like a hawk during post-market and pre-market hours. I ended up selling during pre-market hours with a nice profit as well. My big take home was to be sure to have a strong enough position moving forward to exit quickly and still have a profit after broker fees, especially after market fees which are a bit higher than market hour fees.

I use ETrader and the difference is about $4. Sorry to be so long winded but I am very excited for you and the rest of us newbies. There is so much potential with patience and discipline. I’m grateful to Tim for sharing and empowering us on this journey. The very best of luck to you my friend!!

Haha yeah I guess it's not for everyone. I see the potential for some reason and it has made my trading easier. Maybe there is one out there for you. Just gotta keep studying.