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Yesterday I showed you here how to stay safe in this dangerous market, today I want to show you a great example of a high odds pattern you can profit off of time and again, whenever lazy reporters write inaccurate articles:
UPDATE: I covered my short at .07ish for a roughly 45% gain...tiny, tiny position, but solid profits in less than 24 hours
Posted Aug 31, 15 12:27 PMbytimothysykes
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That ugly bald headed man is that Jim Cramer? These lessons and trades and thechatroom is great for learning.
LOL " I say Thank you, Javier-Thank you for being incompetent & inept...because it creates opportunities." It's true. PLC / Inc. mistake up 1112% lol Me thinks that this will *happen* more and more. Sure there are some mistakes, but also remember those Ukrainian hackers that just got fined $30+Mil for hacking & putting out false news. Like you said, Tim, it really pays to be quick & diligent ;)
Great vid! Btw Tim if you wanna have some tips of editing 720P HD for youtube, write to me. I made lots of youtube vids before :)
watched
Thanks Tim Always learn something new from your videos. The More You Learn The More You Earn!!
motivational
nice trading stuff, Banking on misinformation,easy,simple strategy
Summary Our strategy should focus on the reaction of the suckers towards the news. If the press release is fake, pump or mistaken then look into short the stock
He's now on the sec watchlist, LOL
The goal is not to be perfect but to capture the meat of the move, in this lesson although it was a missed opportunity the pattern is still the same, the price action is the same, if you took the time to learn and not look for excuses of why you cant do this or why you cant do that instead you take each challenge as an opportunity to grow as a trader then your outcome will be successful and you will become self sufficient over Time, shorting can be risky but minimize risk with Rules.
_continued_ also Tim thanks the reported who was misinformed while others may get angry etc Tim says thank you reporter for the opportunity the lack of DD in one person can open up opportunity in another.
watched and learning!
Great setup for a nice short!
Good lesson
you have to be very careful what you learn, most of is just bull-shit!
Informational inefficiencies are great!
$USMN spiked up huge from a PR stating the wrong company working with Tesla. This stock spiked from $.03 to $.70 within a day. The next day this stock crashes because the company denied this PR and opened much much lower. All o/n people lost money not being meticulous. If you are short this is fantastic because this stock is up for the wrong reason. Still have to be careful for squeezes or bounces but odds are in your favor to short.
TY Tim
Thanks Tim
Be ready and capitalise on incorrect news thats why you should always do your research
thank you Tim
Thanks Tim!
great
Great video lesson! Indeed this is an amazing opportunity to make tons of money!
#FutureMillionaire
none
Thanks Tim
Video watched. Muchas Gracias.
Thank you Tim
Thanks Tim
Information inefficiency 😍 also it's very important the fact that S&P 500 beats the majority of financial advisor, ecc... In the long run (+20 years) S&P 500 index is invincible
You cannot cheat your way to success. Learn from the past, study in the present, and prepare for the future.
Thanks Tim!
+
Thanks Tim its about not believe the press releases but its about how fast i can piece together the pieces in order to piece together the trade
Thanks Tim
Thank you Tim.
2nd watch
Wait for the bounce to short into. Look for information inefficiencies and stocks with volume and volatility.
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