Nice profits for students and me,* same http://tim.ly/sykesmorning panic pattern as always, study 650+ videos on this one pattern at http://tim.ly/sykesdipbuys and also get mentored at http://tim.ly/sykesmc
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Going to go over my latest trade, made nearly $2000 on a classic morning panic pattern with a nice little bounce all the way from $1.90 to $2.60.* I underestimated it as usual, I was in around $2.00, out in the $2.30s, but, guess what? I mean, look at this, this is how this pattern works out. Where do I start? I think I'll start with my trades, nearly $3000 in the first 15 minutes of the trading day today.* Had a nice little pre-market gain on WATT.
Recognized it as a former supernova, same catalyst as the last time it tripled. And now my better trade, even though, again, I really underestimated it, made nearly two grand but left another two grand on the table, so this is not perfect by any means. This is the pattern, guys. This is my favorite pattern. I nailed CVSI, the past few weeks on this morning panic pattern. You can see here it dipped into the close yesterday, remember not to dip buy afternoon or late day, or even mid-day panics.
For me, it's all about the panics in the first few minutes because you have lots of idiots who don't study my video lessons, DVDs or webinars, and they just put in, you know, stop-losses on these stocks that have been running for several days, and the idiots create this kind of tsunami of sellers. So we're basically just surfing. If you're a short-seller, congratulations. This had a nice little panic here once before, and now you have another, better panic.
I could have had like a 30 thousand dollar profit day if I had timed it perfectly. So, I don't time things perfectly, you won't time things perfectly, but we can all still take a piece of the move, the meat of the move, ideally. And, you know, if this stuff adds up over time, people ask, how do you become a millionaire? One trade at a time, a few hundred dollars at a time, a few thousand dollars at a time.*
How do you make a few hundred dollars or a few thousand dollars in a day? You learn patterns that work. How do you learn patterns that work? You study the past. The same kinds of stocks, the same kinds of patterns repeat over and over again. Why penny stocks? Because they're the most inefficient. They're full of morons trading them. Morons are easier to predict than big companies and big stocks which have hedge funds and billionaires and, you know, very sophisticated traders who I don't wanna compete against.
Penny stocks, the best analogy is you're playing basketball against someone like Mini-Me instead of if you're trading Google or Amazon or Forex, you know, you're competing against Michael Jordan. And you just have no edge, you have no shot or any predictability at winning more times than not. And this is why a majority of traders lose, they choose the wrong niches, they choose the wrong patterns, they have the wrong mindset, and I don't want that for any of my students.
Look at all my trades, nearly $4.9 million in profits but I'm actually a better teacher than trader, as you can see if you're a veteran student of mine.* Like, I mistime things left and right, I can't remember the last time where I took the whole move or even the majority of the move. I'm usually taking 1/2 or 1/3 or even 1/4 or 1/10 of the move, but at least my analysis is right, my approach is right.* For teaching purposes I trade with a small account. For teaching purposes I trade safer than I normally would.
If you ever wonder, how is Tim Sykes gonna trade, the answer is safely and cowardly, because these stocks are scary. What is CLOW at now, wouldn't surprise me, yep still down a little bit. So we'll see where this goes. So far a good trade. Again, if you like this video lesson, leave a comment underneath this video saying, I understand. Thank you very much for watching.
* Results may not be typical and may vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here: https://www.timothysykes.com/terms-of-service/.