It’s trades like MXC that really make my blood boil. While PDO was a near perfect trade—even though I profited 30 cents/share, it’s now down $1.25ish just 1 day later (gotta love not being willing to risk it while traveling!)—as … Continue reading
Category Archives: Bad Trades
Trading Means Never Having To Say You're Sorry
April 29, 2008 at 5:04 am
by Timothy Sykes
It’s trades like MXC that really make my blood boil. While PDO was a near perfect trade—even though I profited 30 cents/share, it’s now down $1.25ish just 1 day later (gotta love not being willing to risk it while traveling!)—as … Continue reading
Stop Shorting Penny Stocks Randomly, This Isn’t CNBC, I Want You To Profit!
April 23, 2008 at 2:21 pm
by timothysykes
I’m seeing a lot of comments/emails from people re-shorting these pump and dumps waaaay late in the game, just because they missed profiting from the initial dump. Here’s a tip—STOP! Yes, these companies are all crap (okay, okay 99.9%, but … Continue reading
Stop Shorting Penny Stocks Randomly, This Isn't CNBC, I Want You To Profit!
April 23, 2008 at 2:21 pm
by Timothy Sykes
I’m seeing a lot of comments/emails from people re-shorting these pump and dumps waaaay late in the game, just because they missed profiting from the initial dump. Here’s a tip—STOP! Yes, these companies are all crap (okay, okay 99.9%, but … Continue reading
I Had A Rough Day aka No Playboy Centerfolds For Me :(
March 24, 2008 at 4:57 pm
by timothysykes
COIN’s $1 spike at the open makes me feel better about covering too early last week, gotta be careful with momo plays in this sneakily-emerging bull market. MALL and VVTV displayed the exact same kind of forced buying Thursday into … Continue reading
Yup, Even A $12 Loss Offers Important Trading Lessons
March 21, 2008 at 2:04 pm
by Timothy Sykes
Why bother detailing a $12 loss? Because every trade matters, the good, the bad and the scratches. Important lessons are everywhere… Shorting 400 COIN at $8.78 right before the market close on Wednesday turned out to be a good idea. … Continue reading
Timothy Sykes Is Sssssssso Ssssssstupid!
February 27, 2008 at 4:51 pm
by timothysykes
TIM $15,688, Down $140, You Can Do So Much Better Than Me! Ahhhhhhhhhhhh what a stupid, stupid, stupid loss, I feel like this guy: The beautiful thing about PennyStocking is that you don’t have to scan through thousands of stocks … Continue reading
Lack Of Patience And Discipline Causes Trading Losses
February 26, 2008 at 1:43 pm
by timothysykes
TIM $15,470 Down $115 Despite me being so gung ho telling people not to short Converted Organics (COIN) all day yesterday, I saw the fluff news this morning coupled with a lack of incredible volume, so I shorted 300 shares … Continue reading