Comments on: TIM’s First Successful Day Trade

By: timothysykes

timothysykes — Tue, 22 Jul 2008 17:26:18 +0000

see my latest alert:

http://www.timalerts.com/2008/07/22/out-of-mkty-at-410-another-5-profit-sucks/

but if prior TIMalerts are any indication, i’m out too early

By: be-the-ball

be-the-ball — Tue, 22 Jul 2008 17:24:52 +0000

Best,

he just covered 4.1

By: bestdeception

bestdeception — Tue, 22 Jul 2008 17:20:19 +0000

Tim, you gonna hold MTKY overnight?

By: be-the-ball

be-the-ball — Tue, 22 Jul 2008 17:18:38 +0000

No, I agree Tim, not critiquing what you are doing at all. Just waiting patiently for you to get over $25K so we can play together for real

By: timothysykes

timothysykes — Tue, 22 Jul 2008 17:13:51 +0000

LOL BTB, if i stuck to truly ideal plays, i’d be trading 1-2x/month, trading plays that are close to ideal are good enough to get an account up and teach everyone/….u gotta do what u need to do depending on your time and risk

By: be-the-ball

be-the-ball — Tue, 22 Jul 2008 17:10:13 +0000

This is why I have struggled with Tims strategy from day one. 9 out of the 10 plays he does here are nowhere near the setups he outlines on the DVD and in his book.

They have been and continue to work in spite of that but I trade for a living and can’t afford to take miscalculated risks.

By: timothysykes

timothysykes — Tue, 22 Jul 2008 17:08:50 +0000

nice big sells on MTY, pattern isnt ideal–BTB is right—but its a confirmed pump, price action looks plump for a quick fade under $4

By: lamecoder

lamecoder — Tue, 22 Jul 2008 17:01:03 +0000

Thanks.

By: be-the-ball

be-the-ball — Tue, 22 Jul 2008 16:55:56 +0000

nope lamecoder.

Only reason to EVER short is the chart. Chart says the stock is not ready yet.

All the companies we look at are POS, and all are up a lot. That creates the watchlist, doesn’t tell you to short yet.

By: lamecoder

lamecoder — Tue, 22 Jul 2008 16:50:16 +0000

Wouldn’t the reasons for shorting be:
-Piece of crap company
-Up 40%+ in one day for no real reason