The trades and new TIMalert subscribers needing guidance have been coming in hot and heavy lately and I’ve had very little time to actually sit back and reflect, so I’m doing that here now:

Even though I screwed up on misguided swine flu stock BCRX biiiigtime on April 30th, as I detailed HERE, I kept shorting it each time it looked like it was going to rollover, which was many, thinking it’d fade nicely like competitor NVAX did:

But as you can see BCRX held up, amazingly, while NVAX tanked 50%…so while I got squeezed from $3.70 to $4.25 in the middle of the chart (I was wrong short-term, and stubborn, but I took my losses quickly in order to limit my losses), I also traded it 3 other times successfully–for 20-30 cents/share each time (register for TIMalerts or look at the right hand side of my site for actual trades) and ended up making a whopping $1,000 or so from this ideal trading opportunity.

I earned 9% in April Pathetic.

But I’m glad that while some TIMalert subscribers lost, many, many, many, many more subscribers banked by following the rules of shorting after sideways price action outlined in my instructional DVD packages:

Thanks Tim, Got out of BCRX at 3.62 – for $330 gain. Thanks TIM I held on longer than I should have and it was probably not the disciplined thing to do. But a Win is a Win.
-Webster

Made 250$ profit on COIN, Made 277$ profit on BCRX(shorted@ 4.21, covered $4.00)
-Thanks
Udnug

Tim, went short BCRX (after you covered) much more resistance around 4.1-4.15. Unfortunately I left a bit on the table as I could not change my BC limit order- can’t complain though, still took $100 out of it. Made $$$ 3x on BCRX this week! http://chart.ly/akgfwy
-Adam

Still have some BCRX from 4.20, good thing i got the alert late.
-tpak

and SQUEEZE! Short at 3.71, covered at 3.80, no way I wanted to hold this as it went red to green. -$500. Don’t know why y’all aren’t covering.
-Reaper

covered at 4…210 loss
-V.

covered 4.10 solid loss
-H.

I took the loss, short 3.8, covered 4.1…ouch…$200 loss here
-BTB

Down $2000+ covered at $4.20 wtih 5000 shares :/
-Daze

First full week since becoming an annual subscriber, took profits everyday from multiple stocks, most notably BCRX which I traded 4/5 sessions! Took over $800 out of the market this week! $197 for an annual subscription, talk about an easy ROI!
-Adam

covered my BCRX short from $4.20 at $3.56, for $1280 Thanks Tim.
-Jeff M.

Thanks Tim, Morning profit of 400$ on BCRX.
-U.

I got in BCRX yesterday @ 4.20 (it was rising as your alert came, and when it couldnt break past 4.25ish, i shorted – as i agreed with your analysis)…Didnt have any day trades left to exit my position (risky…but entry was good enough to take on risk). Exited this morning into the panic @ 3.49 Played out exactly as you describe in both DVDs and Alerts. Thanks again for the great trade.
-David

Shorted BCRX 100 shares on monday at 4.10 and 500 shares on tuesday at 4.32. Just covered all 600 at 3.50. $400 profit on my first trade with Tim Alerts. Ready for the next one!!! So even though I left a lot on the table I still thank you TIm.
-Casey

made 650 on BCRX on short since yesterday, covered at 3.44, shorted again 30 mins ago up 3%, still holding,
-BGW

I shorted BCRX @ $4.40 on tuesday. Keeped my short and bought 545 @3.60 on Wed. night sold @ $4.20 made $300. still holding my short
-JD

Tags: Bad Trades, Missed Opportunities