dashing

[TimChallenge] Hey Tim when you bought $LIVE at $2.08, where are you looking at as your risk/mental stop? I see hod from Sept 18 at $2.08, and hod Nov 5th at $1.85 ... but $2.08 is too tight of a stop, and $1.85 seems a little wide. Just want to know your thoughts. Thanks in advance!

timothysykes

$1,908 profit LIVE Long Stock

Entry comments: Bought on this mid-day breakout attempt, wanted to wait till afternoon, but looks to be solid base at fish, goal is to sell int he 2.20s or 2.30s, nothing huge, but solid risk/reward here

Exit comments: NICE! Got the breakout above multi-hour resistance at 2.14ish, but as I said in initial alert, it probably wouldn't be a huge breakout...got all my goals accomplished here...the cool thing is how low risk, decent reward this trade was given the volume today and it being Friday, will outline the trade in more detail in upcoming video lesson later today!

Received 3 Karmas
timothysykes
timothysykes Dec 04, 15 10:08 PM

@Rafx308 the alert goes out within seconds of my actual execution, but all sorts of possible delays from your cell phone carrier to email, the good news is my best students can predict my alerts by studying the video lessons/webinars so get on it!

Rafx308
Rafx308 Dec 04, 15 10:59 PM

@timothysykes Tim you are a great mentor very positive would love to chat and ask u few questions one on one been watching following u and sometimes it sucks when you follow the rules and u get burned where chart patterns look good and you say I got this and then it breaks end the number one rule I apply and cover for short lose. This happened to me couple of times this week and its very discouraging where u want to throw in a towel because you taking lose after lose.

Rafx308
1
Rafx308 Dec 04, 15 11:01 PM

@timothysykes Today I didn't trade needed to take a mental break didn't want to force trade... Your mind is your worst enemy because it plays with you and your emotions. ..

dmohr1
dmohr1 Dec 06, 15 5:42 PM

Tim I need a better trading plan what would you reccommend? My parents are hesitant to let me buy how to make millions even though it would help.

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timothysykes

I would not dip buy $LIVE here in the low $2s, the multi-week breakout is $1.84 thats where I'd love to dip buy later today, I won't chase here mid-day/mid-range and if it spikes it's a potential short given how it NEVER holds its gains, very similar to $GIGA

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