Some TIMalert subscribers have crazy trading stories…this guy was lucky, but I don’t recommend doing this…EVER:
Thanks Tim for all your hard work.
Shorted 15K shares of Athersys, Inc. (ATHX) @5.44 on the 24th, and completely forgot about the short trading day (What an Idiot!) so wound up holding, and on top of that I am away so I am not near my home TradeStation computer. I covered today @4.72 by going online and getting into my account that way. I knew basically this one was gonna tank longer term on your heads-up. But I was still nervous there could have been a squeeze, got lucky one this one.
A little over $10K gain, yeah it worked out but I was lucky it went my way. I would have been happier being at my home computer the whole time, looking at my setups.
(I have probably bought/wrote every type of indicator, to measure every time/price/volume configuration that can be had) I have a few among the hundreds I have used that work fairly well as long as I play by my own rules of using them.
My wife and I have been scalp trading fairly regularly for some years now. I give my wife the longer conservative timeframe stuff for holds, such as this: I am still holding alot of shares of Ford long from $2.84 !
Like most other things us short attention span guys are interested in however….. I personally prefer the chase, so I am mostly a scalper by nature.
Anyway, I am grateful I have found your site. I NEVER would normally touch anything remotely close to penny stocks, thinking most of the time they were illiquid traps for the completely foolish investors. But I see given the right circumstances they can be far easier to make money with, especially on the short side.
Thanks Again
Bill G.
Posted in Success Stories, Testimonials