Worst Trades of All Time: Part 1

Sep 29, 2014   //   by Profitly   //   Features, Profitly  //  No Comments

We’ve already told you about the worst trades of the financial crisis and we did a series on the best trades of all time. So what about the WORST trades of all time? You’ll see those below, courtesy of Business Insider. Let’s hope these guys learned from their mistakes. They obviously didn’t follow our number one rule of cutting losses quickly.

With every winning trade comes a loss to another party, and today we focus on… the losers.

Here are the individuals and institutions that lost hundreds of millions, to billions, of dollars. All by letting one group or individual gamble with their money.

Be it excessive leverage, poor decision-making, or outright illegal activity, this is a story of epic failure.

robert-citron-the-man-who-brought-california-to-its-knees-with-292-leverage

Robert Citron: The man who brought California to its knees with 292% leverage.

This guy almost killed a state, that’s crazy. In 1994, Robert Citron was Treasurer-Tax Collector and the only Democrat to hold office in Orange County, California. Through a series of highly-levered deals that included repo agreements and floating rate notes, Citron was able to at one point achieve leverage of 292%. The funds he managed were worth around $8 billion and if interest rates went up, he stood to lose big time due to his collateral which consisted almost primarily of US Treasury bonds.

Well guess what? Interest rates rose and as a result, Citron lost Orange County lost a boatload of money. From Wikipedia:

“The county’s finances were not suspect until February 1994. The Federal Reserve Bank began to raise US interest rates, causing many securities in Orange County’s investment pools to fall in value. As a result, dealers were requesting extra margin payments from Orange County. These extra margin payments were funded in part by another bond issue made by Orange County; the size of that bond issue was $600 million. However, this fix proved to be only temporary. In December 1994, Credit Suisse First Boston (CSFB) realized what was going on and blocked the “rolling over” of $1.25 billion in repos (“rollover” essentially means issuing of another repo when the previous one ends, but, at the new prevailing interest rate). At that point Orange County was left with no recourse other than to file for bankruptcy.”

jerome-kerviel-derivatives-arbitrage-totaling-over-60-billion

Jerome Kerviel: Derivatives arbitrage totaling over $60 billion

Kerviel made headlines last year as the trader at “a french bank,” which ended up being Societe Generale, He lost approximately $6.5 billion just like Leeson and others in this list through arbitrage of equity derivatives. Unauthorized trades totaled as high as $66.7 billion. Kerviel was ultimately charged with creating fraudulent documents and making attacks on an automated system.

nick-leeson-wiped-out-the-worlds-oldest-bank-barings

Nick Leeson: Wiped out the world’s oldest bank, Barings

Leeson is most likely the most popular guy on the list. He started his career trading derivatives at Barings Bank and was eventually moved to Singapore where he enjoyed a lavish lifestyle and made plenty of money. That is, because he hid mounting losses in a special account known as the “five eights” account. He was eventually caught and sentenced to five years in a Singaporean prison where he acquired cancer and his wife left him.

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Tim Geithner: Plowed $6.6 billion into a dead, unpopular automaker

Consider this: when was the last time Chrysler made a car you would actually buy? I’m dead serious. Who buys a new Chrysler, excluding the Jeep brand? Treasury Secretary Tim Geithner must not have thought of this when he wrote Chrysler a check for $6.6 billion to keep the company afloat via a new company.

This isn’t the first time Chrysler has needed help. In 1979, then-President Jimmy Carter approved a $1.5 billion loan package for the automaker called the Chrysler Corporation Loan Guarantee.

Since 2009, Chrysler has yet to fully recover and continues to be a money-losing business. Sure, GM has stolen the headlines recently with so many recalls on their vehicles, but that doesn’t mean Chrysler is out of the woods. Kyle Bass once said that this country needs to consolidate its auto industry. There is no longer room for three major players and perhaps, not even two. Ford will stick around, but it remains to be seen if Chrysler and GM can survive despite their divine intervention.

 

September 15-19

Sep 27, 2014   //   by Profitly   //   Profitly, Profitly Weekly  //  No Comments

Time for another roundup of our gurus’ best trades of the week!

Let’s start off with a bang; Superman had one trade in particular that really stood out!

$23,400 profit on CNET. Long Stock by super_trades

Entry comments: TRADE – sympathy trade on $BABA personal stop loss low 1′s and personal target 1.60-2 plus if it works. Exit comments: $25k SUPER TRADE – 100% gainer !! video coming….may go higher but will watch and see price action as papa $BABA falling right now.

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$9,525 profit on NETE. Long Stock by super_trades

Entry comments: Pr on AAPlE TRADE personal stop low 3′s and personal target 4 plus if it works. Exit comments: SUPER TRADE!!! May go higher but taking the $10,000 in 10 minutes !!! will watch for re-entry.

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$4,400 profit on GAI. Long Stock by super_trades

Entry comments: TRADE / SWING nice sales gain and near breakeven float under 1mm and history of runs DO NOT CHASE p erosional stop loss low 5′s and personal target 6-10 plus if it runs. Exit comments: It worked right away after educational buy alert but i never sell into alert spikes especially on low floats….will keep on watch….was just bad market day for this i think.

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Next let’s move on to Tim:

$3,522 profit on FONR. Long Stock by timothy sykes

Entry comments: Buying this earnings winner a little early because it runs so fast, risking a bit not waiting for more price action confirmation but if I’m right this can fly 50 cents-$1/share, limited risk buying on a little dip near the market open. Exit comments: Now 12.97 so I played it a bit too safe, but I got my 50 cents/share so I took it, might keep going, but too early to say, for now, nearly hitting my goals so taking predictable/solid profits, congrats guys!

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$1,785 profit on IFON. Long Stock by timothy sykes

Entry comments: Speculative stock, but buying nice 20 cents/share off the day high lessens my risk, will look to sell afterhours/premarket as it should spike just because it’s the play right now and they’re in the right sector, be very careful though since it is so speculative, goal is just to make 15-30 cents/share, 10% should be possible. Exit comments: Can’t stay long this stock, too scary since I know it’s junk, I dip bought and now sold into strength, it’s even higher as I type this 3.20 but could still be double top so I take safe profits with no overnight risk.

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Check out some of our other recent roundups:

June 9-June 13

June 16-June 20

June 23-June 27

June 30-July 3

July 7-July 11

July 14-July18

August 4-August 8

August 11-August 15

August 18-August 22

August 25-August 29

September 2-September 5

September 8-September 12

 

Maintenance

Sep 26, 2014   //   by Profitly   //   Announcements  //  No Comments

Profitly will be down for maintenance starting at 10:00pm EST tonight on Friday, 9/26.











Worst Investments of the Financial Crisis

Sep 23, 2014   //   by Profitly   //   Market, Profitly  //  No Comments
Via www.scottonmoney.com

Via www.scottonmoney.com

We are constantly telling our students (and prospective students) that learning from your mistakes is one of the most important factors in becoming a better trader. You’re not going to get every trade right, and you will hardly ever (if ever) time a trade perfectly. None of our gurus are perfect yet they still make hundreds of thousands and sometimes millions of dollars in a given year. How? Because they limit their losses and learn from their mistakes.

So we thought it would be interesting to look back at some of the worst trades during the financial crisis. Below is a list that first appeared on CNBC.

The financial markets are littered with forecasters, most with either an outwardly bullish (optimistic) or bearish (pessimistic) bias. Most of them missed the financial crisis when it hit by being too bullish, and some have been too bearish since, worrying that another systemic collapse is around the corner when in fact equity markets, at least, continue to zoom to new highs.

Indeed, there have been some great calls and some awful ones over the past 25 years. Here are three trades that went bust:

Via www.investmentnews.com

Via www.investmentnews.com

1. “Whitney whiffs on munis.” Truth be told, Whitney was probably always overrated. Even during her heyday in the latter part of the aughts decade, Whitney was ranked 1,205th out of 1,919 equity analysts in 2007 and 919th out of 1,917 in the first half of 2008, according to Fortune. So all the fanfare over her market-calling ability almost seemed destined to end badly. And so it was that in late December 2010, she was featured on CBS’s “60 Minutes” and made the call heard round the fixed-income world: A prediction that 50 to 100 municipal bond defaults would cause “hundreds of billions” in losses that immediately moved markets but ultimately would be proven badly unfounded.

In fairness to Whitney, the muni space has not been without its high-profile defaults, but the situation has not approached her dire forecast. In her mostly overlooked 2013 book, “Fate of the States: The New Geography of American Prosperity,” Whitney only briefly mentioned the muni call, maintaining that the media overhyped her remarks. Despite the high profile she cultivated, Whitney also protested in the book that she didn’t like that her name had “become synonymous with doom and gloom.” Nowadays, her name is mostly synonymous with a very bad bonds call, and her public profile has dimmed significantly.

Via blogs.cornell.edu

Via blogs.cornell.edu

2. “Cohen: Crisis? What Crisis?” Face it, almost everybody on Wall Street missed the financial crisis. But you would be hard-pressed to find a major analyst at a major Wall Street shop caught more unaware than Abby Joseph Cohen, the Goldman Sachs chief strategist who still had her rally cap on well into 2008 as the market imploded. Cohen set an uberbullish 1,675 price target for the S&P 500 for that fateful year, not foreseeing that the world was crumbling before her eyes. The stock market index would close at 903.25, a 37 percent drop and 46 percent below Cohen’s target. That same year, Goldman replaced Cohen with David Kostin and moved her over to a position as “senior investment strategist.” Yet on Wall Street there’s always room for a second act: Cohen maintains a prominent role at Goldman and even was selected to go first at a recent high-profile question-and-answer session with Federal Reserve Chair Janet Yellen.

Via www.garvensmortgagegroup.com

Via www.garvensmortgagegroup.com

3. “Helicopter Ben’s “contained” crisis.” Most accounts of financial-crisis history no doubt will paint then-Federal Reserve Chairman Ben Bernanke as one of the central figures on the Committee to Save the World, as it was nicknamed. But it was also Bernanke’s seeming obliviousness to the dangers of subprime mortgages that helped stoke the debacle in the first place. In a speech given March 28, 2007, before the Joint Economic Committee, the central bank chief showed just how deep the denial ran over the coming crisis: “Although the turmoil in the subprime mortgage market has created severe financial problems for many individuals and families, the implications of these developments for the housing market as a whole are less clear,” he said. “At this juncture, however, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained. In particular, mortgages to prime borrowers and fixed-rate mortgages to all classes of borrowers continue to perform well, with low rates of delinquency.”

The statement would soon prove to be tragically shortsighted, though the Fed ultimately would join with the Treasury Department to devise trillions of dollars’ worth of alphabet-soup programs that bailed out the financial, insurance and auto industries, paving the way for a recovery—albeit grudgingly slow—that continues today.

Honorable mentions: “Dow 100,000″ by 2020, according to the 1999 book by Charles W. Kadlec (yes, we know it’s not 2020 yet, but seriously?); Marc Faber, Schiff and all of the perma-bears (a group from which Roubini has only recently extricated himself) who have been fighting the market all the way up from its March 2009 lows; Whitney Tilson’s 2004 prediction that Google would be “highly disappointing” to investors.

 

Weekly Roundup September 8-12

Sep 17, 2014   //   by Profitly   //   Profitly, Profitly Weekly  //  Comments Off

Time for yet another weekly roundup! We’re starting off with yet another big trade from Superman!

$24,000 profit on MICT. Long Stock by super_trades

Entry comments: TRADE – Israel testing new version of Iron Dome…personal stop loss low 3′s…personal target 4-6 if it works like the others http://www.businessinsider.com/israel-tested-an-improved-arrow-2-2014-9. Exit comments: SUPER TRADE may go higher but #SUPER.

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$6,750 profit on RWLK. Long Stock by super_trades

Entry comments: TRADE low 13′s personal stop and 15 plus personal target if works. Exit comments: Nice SUPER TRADE $7,000 in 10 minutes… getting paid from Super Pro IIPO Tracker !!!! may go higher.

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$4,240 profit on EMES. Long Stock by super_trades

Entry comments: TRADE – trade for day on SLCA strength personal stop loss 123 and personal target 125-127 if it works. Exit comments: SUPER TRADE $4k trade in 20 minutes !!

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($5,500) loss on EKSO. Long Stock by super_trades

Entry comments: TRDE/SWING beware this is otcbb……play on RWLK IPO next week…..EKSO competitor bottom of charts…..personal stop loss .90′s and personal target 1.5-2 plus if it works….again i hate IPO’s but this is sympathy to RWLK. Exit comments: this idea did not work as i hoped it would…….had initial spike but i do not sell into alert spikes.

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Then we have some big trades from Tim Sykes as well!

$3,281 profit on ISNS. Short Stock by timothysykes

Entry comments: Shorted on failure to spike big in the morning, panic possible, nice to see IB have it available to short. Exit comments: Now down to 6.40s so I played it too safe, but nice to get back $3k on this choppy stock…thesis still holds true that its worthless and should tank much more, congrats all shorts, especially IB users who found shorts today!

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$2,854 profit on ISNS. Short Stock by timothysykes

Entry comments: Shorting the bounce as this is broken technically under $6 and IB was running out of shares to short, goal is to cover later today or tomorrow in the low 5s. Exit comments: Covering for another $2k+ profit, just in case due to big buy orders, but now fading nicely to 5.45 so I probly played a little too safe, this stock is tricky, congrats to all shorts though!

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$3,012 profit on NETE. Short Stock by timothysykes

Entry comments: Reshorting much higher, better risk/reward but scary stock, goal is to make 20-40 cents/share. Exit comments: Taking safe profits, scary stock, might re-short again whewwwww.

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$3,522 profit on FONR. Long Stock by timothysykes

Entry comments: Buying this earnings winner a little early because it runs so fast, risking a bit not waiting for more price action confirmation but if I’m right this can fly 50 cents-$1/share, limited risk buying on a little dip near the market open. Exit comments: Now 12.97 so I played it a bit too safe, but I got nmy 50 cents/share so I took it, might keep going, but too early to say, for now, nearly hitting my goals so taking predictable/solid profits, congrats guys!

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($1,576) loss on NETE. Short Stock by timothysykes

Entry comments: Shorted into morning spike, VERY glad I didn’t short overnight as I foresaw this, goal is to make 20-40 cents/share downside. Exit comments: Cutting losses fast, not my day.

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Don’t forget to check out the previous roundups!

March 30-April 4

April 7-April 11

April 14-April 18

April 21-April 25

April 28-May 2

May 5-May 9

May 12-May 16

May 19-May 23

May 27-May 30

June 2-June 6

June 9-June 13

June 16-June 20

June 23-June 27

June 30-July 3

July 7-July 11

July 14-July18

August 4-August 8

August 11-August 15

August 18-August 22

August 25-August 29

September 2-5

Why Most People Suck At Investing

Sep 15, 2014   //   by Profitly   //   Market, Profitly, Psychology  //  Comments Off

Guess what. Most people are HORRIBLE at investing. That’s right, most people do a terrible job of picking out which stocks or sectors will rise and which will fall. You may or may not have heard this before, but it shouldn’t come as a surprise.

investing-in-bonds-s600x600-jpg

Image via glogster.com

A recent article by Business Insider dove in to just how bad most people really are when it comes to investing.

First and foremost, one big problem is that investors often find themselves buying at highs and selling at lows, especially when volatility picks up and patience is tested. The problem is that so many people keep holding a stock for far too long, thinking it will turn around and move in the direction that they want it to. They then become emotionally invested in it and blind to the reasons that it WON’T move in their direction. If you follow our gurus’ rules and limit your losses, you have less of an attachment to the stock and will be able to make better decisions. You still won’t buy at the very lowest and sell at the very highest, but you buy lower than you sell and still net a profit.

“Amidst difficult financial times, emotional instincts often drive investors to take actions that make no rational sense but make perfect emotional sense,” said BlackRock back in 2012. “Psychological factors such as fear often translate into poor timing of buys and sells.”

Richard Bernstein of Richard Bernstein Advisors considers twenty years of historical data for this in a new research note.

“The performance of the typical investor over this time period is shockingly poor,” wrote Bernstein. “The average investor has underperformed every category except Asian emerging market and Japanese equities. The average investor even underperformed cash (listed here as 3-month t-bills)! The average investor underperformed nearly every asset class. They could have improved performance by simply buying and holding any asset class other than Asian emerging market or Japanese equities. Thus, their underperformance suggests investors’ timing of asset allocation decisions must have been particularly poor, i.e., investors consistently bought assets that were overvalued and sold assets that were undervalued.”

Bernstein’s data is based on the buying and selling activity of mutual fund investors.

“They bought high and sold low,” he added. “When chaos occurred, investors ran away.”

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None of our gurus get 100% of their trades right, but you’ll hear them preach over and over again that the driver of their success is limiting losses. The famous economist John Maynard Keynes once said “Markets can remain irrational longer than you can remain solvent.” It basically means that your investment thesis could be completely right, but the market may not realize that until you’ve been forced out of your position due to massive losses. I don’t think any of us could have said it better ourselves.

For example, Tim could be shorting the crappiest company out there, but if mailers continue to go out at a record pace, the stock could continue to climb considerably higher. That’s why Tim cuts losses quickly and is always prepared to make a trade at a moments notice. Losing $1000 on a trade isn’t a big deal for him, but losing $100,000 on a trade would be. With the small loss, you move on and simply get prepared for the next pattern to present itself.

Weekly Roundup September 2-5

Sep 14, 2014   //   by Profitly   //   Profitly, Profitly Weekly  //  Comments Off

Time for another one of our weekly roundups highlighting the biggest trades from the prior week! The goal of this post is to make it far easier for you to track our guru’s trades, both wins and losses.

First up is Superman, who had quite a few big winners this week!

$4,150 profit on MAGS. Long Stock by super_trades

Entry comments: TRADE see watch list notes personal stop loss 4.5 area and personal target 5.5-6 plus if works.

Exit comments: SUPER TRADE may go higher and will watch.

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$14,350 profit on IDN. Long Stock by super_trades

Entry comments: TRADE / SWING will sell if it goes against me…..personal target 5.5-6 plus….they have a police app that has biz model like the cams to me as they trying to sign up police agencies…low float reverse split also

Exit comments: SUPER TRADE – may still work and will watch for any news…..wanted more follow through today

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$30,650 profit on CSIQ. Long Stock by super_trades

Entry comments: CHART / SWING starter position personal stop loss 4ema and personal target 38-40 plus if it works…had blow out report and nice order today….to me undervalued to peers.

Exit comments: SUPER TRADE !!! will revisit if dips.

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($2,800) loss on DRNE. Long Stock by super_trades

Entry comments: CHART / SWING be aware this is an OTCBB/PK stock…. drone company has announced govt deals…4ema personal stop loss area and personal target 1.75- 2 plus if it works

Exit comments: out for small loss….very well may still work…but i was jaded by my trip under water……will watch for news or uplist……otcbb not my favorite as we all know

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Then we have InvestorsLive, who was definitely busy trading this week!

$5,441 profit on ISNS. Short Stock by InvestorsLive

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$12,153 profit on DGLY. Short Stock by InvestorsLive

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$4,071 profit on ACHN. Short Stock by InvestorsLive

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($5,632) loss on ISNS. Short Stock by InvestorsLive

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Last but not least, we have Tim Sykes!

$8,703 profit on ISNS. Short Stock by timothysykes

Entry comments: Shorting some overnight as I’m not sure there will be shares to short tomorrow. Risk of further pricing so keeping position small.

Exit comments: NICE tank into the market close, not sure it’ll last, playing it safe, taking biggest gain of the day, probable reshort later today after hours or tomorrow ideally into spiking

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$3,500 profit on ISNS. Short Stock by timothysykes

Entry comments: Shorted some into the madness, goal is to make quick 50-75 cents/share

Exit comments: Bingo, nice panic, huuuuge volume, got much of my morning losses back

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$2,800 profit on ISNS. Short Stock by timothysykes

Entry comments: Reshort as its going red, I’m overthinking, this is probly tank day, gotta try to make 50 cents on this

Exit comments: Still no big crack, DGLY keeps running, this might have one last spike in it, gotta play safe when things do go EXACTLY teh way you think

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$3,863 profit on ISNS. Short Stock by timothysykes

Entry comments: Shorted the afternoon crack, goal is to cover in high 6s, SSR now in effect so it’sll be annoying but should have big wall of sellers on the ask as a result

Exit comments: Another big score on ISNS, taking safe profits even though it’ll likely continue to drop, this is how I trade, safelyyyyy, congrats guys!

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$3,281 profit on ISNS. Short Stock by timothysykes

Entry comments: Shorted on failure to spike big in the morning, panic possible, nice to see IB have it available to short

Exit comments: Now down to 6.40s so I played it too safe, but nice to get back $3k on this choppy stock…thesis still holds true that its worthless and should tank much more, congrats all shorts, especially IB users who found shorts today!

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($6,880) loss on ISNS. Short Stock by timothysykes

Entry comments: Shorted this Supernova early premarket thanks to my high net worth broker (email admin@timothysykes.com if you have $30k and want intro), costs .016 cents/share to borrow, small position due to risk, but given DGLY down $5/share this could tank 50 cents/share or more by the market open

Exit comments: Deadwrong, cutting losses fast to protect myself

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($4,998) loss on ISNS. Short Stock by timothysykes

Entry comments: Got a little bounce to short into, goal is to cover into sheer panic tomorrow, ideally 50-75 cents/share

Exit comments: Wasted these shares by shorting too early and now covering too safely even as this fades, scary to short on Fridays scary when multiple people try to squeeze you, that’s the price of full transparency, GREAT video lesson coming on this not so horrible loss but horribly executed, now 6.60s and fading and I have no more buying power to reshort :(

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($3,800) loss on ISNS. Short Stock by timothysykes

Entry comments: Shorted since its near top of ita recent range and DGLY is fading which should take down the whole sector, ISNS really crashes if/when it breaks 8.60-8.50 I look to cover into that panic or even near support hold

Exit comments: Not fadng with DGLY, still strong, can’t risk big spike, cut losses quickly

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($3,115) loss on ISNS. Short Stock by timothysykes

Entry comments: I transferred funds from another broekrage account to my high net worth broker to re-short this thing which is fading gradually, once it takes out 6.45-6.40 support it can crash and maybe even go under 6 today if not early next week, goal is to make 50-75 cents/share, remember it’s under the SSR so unfortunately you have to be early on the short as once it panics it’ll drop too quickly to get an execution

Exit comments: One last screw up to end the week, hearing buyins at a few brokerages, no thanks to weekend borrow fees and another morning spike, ending the week +$20k, escaping is more like it, no weekend short-term positions, GREAT video lesson on the SSR coming tomorrow

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And here are the previous roundups!

March 30-April 4

April 7-April 11

April 14-April 18

April 21-April 25

April 28-May 2

May 5-May 9

May 12-May 16

May 19-May 23

May 27-May 30

June 2-June 6

June 9-June 13

June 16-June 20

June 23-June 27

June 30-July 3

July 7-July 11

July 14-July18

August 4-August 8

August 11-August 15

August 18-August 22

August 25-August 29

 

Weekly Roundup August 25-29

Sep 4, 2014   //   by Profitly   //   Best Trades, Profitly, Profitly Weekly  //  Comments Off

We hope you all had a great Labor Day weekend! Last week was a slow one in the stock market, but that didn’t stop our gurus from finding trades and having some huge profits!

First we have Tim.

$4,431 profit on JRJC.

Entry comments: Re-shorted with bigger size since its fading now, once it goes red/takes out the day low this could crash 50-75 cents/share today. Exit comments: NICE collapse, that’s what I wanted the first time, probly goes under 10 but I don’t trust this stock so I’m taking safe profits, great video lesson coming, try try again!

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$7,613 profit on LLLI.

Entry comments: Bought this DGLY/TASR sympathy play on nice dp off its highs to reduce the risk, still surging on news of this big potential order from Canada http://tim.ly/VKQBhA goal is to make 20-30-50%, not sure how high it can go, gotta love penny stocks, DGLY keeps going too. Exit comments: Tried to give it time, it broke out to new highs, but just barely, too close to being a double for my comfort, I might re-buy some before the market close, but nothing huge given this kind of toppy-like price action.

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$2,871 profit on ISNS.

Entry comments: Failed to hold 4.50 breakout, goal is to cover in low 4s if not high 3s. Exit comments: Not cracking, play safe.

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$3,797 profit on TUBE.

Entry comments: Buying this earnings winner towards bottom of its recent range, gonna try to hold overnight for probable spike tomorrow but if I can make 30-50 cents/share today no overnight risk I’ll probly take that too. Exit comments: I couldn’t help myself taking mid-day risk-free profits, called it all the way, congrats longs! Potential re-buy closer to the market close or if it can break past 13.60-13.70 choppiness.

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$4,075 loss on TUBE.

Entry comments: Back in for the spike. Exit comments: Cutting losses fast this stock has messed with my head, did the right thing cutting losses quickly premarket, now it’s just choppy and range bound.

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$3,712 loss on TUBE.

Entry comments: Bought 15000 shares TUBE at 14.29 – Missed TUBE breakout at 14 up to 14.70 now buying on dip, usually you get 2 chances at least before any big runup, goal is to make a quick 30-50 cents/share. Exit comments: Not bouncing the way I thought it would, still above 14 which is key, sellers becoming more entrenched, cutting losses, stinks but don’t let a failed trade turn into an investment and I have a big meeting to go to right now…this is probly fine longterm, but that’s not why I got into this so I have to stay disciplined.

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$8,591 loss on ISNS.

Entry comments: Starter short into this madness spike, it’s Supernova time, straight out of my DVDs, see PennyStocking Part Deux, these will all crash later this week, just be careful about shorting too early, tons of shares available everywhere, goal is to cover in 3s. Exit comments: Heading in wrong direction, no thank you, cutting losses quickly.

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Then we have Superman.

$8,910 profit on VII.

Entry comments: TRADE / SWING andygold find police and surveillance cameras merging with a leader in space float 2.5mm personal stop loss low 2′s and personal target 3.25 plus if works. Exit comments: may go higher but #SUPERTRADE.

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$7,000 profit on DSKY.

Entry comments: CHART / SWING personal stop loss 4ema or high 19′s and personal target 21-23 plus if it works. Exit comments: SUPER TRADE will keep on watch.

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$70,701 profit on WLDN.

Entry comments: SWING – do not chase – one of best reports of season imo….25 eps and strong comments forward…personal stop loss low 8′s and personal target 10-12 plus if it works. Exit comments: SUPER TRADE like a $70k trade will come back to this when chart heals.

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Last but not least we have InvestorsLive.

$1,537 profit on QIHU.

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$4,476 profit on DGLY.

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$8,186 profit on SBOTF.

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$4,774 loss on BKW.

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$4,793 loss on CENX.

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Don’t miss our previous roundups here:

March 30-April 4

April 7-April 11

April 14-April 18

April 21-April 25

April 28-May 2

May 5-May 9

May 12-May 16

May 19-May 23

May 27-May 30

June 2-June 6

June 9-June 13

June 16-June 20

June 23-June 27

June 30-July 3

July 7-July 11

July 14-July18

August 4-August 8

August 11-August 15

August 18-August 22

 

The Best Financial Watch Lists

Sep 2, 2014   //   by Profitly   //   Profitly  //  Comments Off

Forget about listening to Jim Cramer and other talking heads telling you to Buy Buy Buy or Sell Sell Sell. The watch lists that our gurus Superman, Timothy Sykes and InvestorsLive put out every trading day are far more educational and profitable. Not only do they say to buy or sell, but they give you a reason why and the price action you should be watching for before you make a trade! Below are three example watch lists from this month, with one from each guru.

Superman

superman

Follow The PlayBook & Rules As Futures Are Down Today !!!!

SCOK was a successful trade yesterday !! Ameritrade was having technical issues and it made me have small losses on MMYT ( which ended up $1 from my alert ) and CNIT……The market was up yesterday and most stocks bounced and this morning futures are down big…….just like the other day I will be looking for strong stocks to buy on dips using the charts…..will do Super Pro video on this morning……..…..if you are following the rules and your trade plan you are not only protected but you can take advantage of the dips……….I made $21k on my VJET put option trade !!! See my $21k Option trade !!!!!! ……. I made $73k last week using all 3 types of my trades and my entire strategy !!! See my $73k of trades !!!!!! IPO Tracker on the Super Pro Videos continues to be a hot spot for finding winners!!!….….…….have your own trade plan any time you enter a trade!!! Please note I have been much stricter with rule following !!!! ……… follow the rules NOT ME !!! …..when I do not follow rules I lose $$……………

New stocks to watch for trades today from the scan ….

SCOK CHART china clean coal I successfully traded yesterday will look for pullback near 4ema on market weakness … …..………. personal stop loss would be the 4ema …personal target $1.80 plus if it works

WATT SWING news today .. …..………. personal stop loss would be the 50 day moving average …personal target $13.50 plus if it works

SIMO CHART 2-3 day rest pattern former superwinner from 19’s guides higher other day … …..………. personal stop loss would be the 4ema …personal target $22.75 plus if it works

CNIT CHART ….China cloud play chart still in play … …..………. personal stop loss would be the 4ema …personal target $5.75 plus if it works

Updates on past watch list stocks or alerts

LONG CHART successfully trades this and now 2-3 rest pattern … …..………. personal stop loss would be the 4ema …personal target $22 plus if it works

ZPIN SWING IPO the LNKD of China …. … bought 20k shares 15.3 average …..………. personal stop loss would be the high 13’s …personal target $17-25 plus if it works

BZC SUPER WINNER Bought 7000 shares BZC at 11.3514 – DO NOT CHASE !! 450k float .. NYSE .. reported $0.29 vs $0,12 last year for the Q and nice comments….aerospace supplier…personal stop loss 10.50 area and personal target 12-15 plus if it works SWING

Speculation Corner –

IKNX . reported on tech and expansion……future looks bright for this hold of mine………10k says entering 3d printing and prototyping…original notes →>>→>>>>>>>>.. Bought 7000 shares IKNX at 22.0935 – …..DO NOT CHASE AT ALL – SWING……wanted more but no shares…..read earnings release…personal downside 17 area ….personal target 23-35 initially ….VERY RISKY STOCK AND MOST THINLY TRADE…NOT FOR LARGE POSITIONS CAN MOVE DOLLARS ON LITTLE VOLUME..….….….….…… …..…. …–

REQUIRED LEARNING – There are three types plays defined below -

1) Day Trade will be labeled TRADE in the buy alerts. This is where I hold 1 minute to 1 day and is usually based on a current news item or theme. If I say daytrade / scalp that means I am in for $0.10-$0.50 per share profit (or more if it moves fast) long or short. Could be a very fast trade. If the trade goes against me I will usually sell right away and minimize my losses but this can be situational.

2) A Swing trade will be labeled SWING in the buy alert and this is where i will hold a stock until an event or target range occurs as long as the thesis does not change. Not based on chart. I will give my perceived downside loss risk and upside target range. Once it hits the target range I will start to take partial profit. No I do not know the exact time range each trade will take.

3) A Chart trade will be labeled CHART in the buy alert and this is where the Superman chart rules STRICTLY apply.

Superman Chart Rules – Stock is in play if it closed above the 4ema and RSI>70 on the 12 month daily chart ( see link below how I set them up). If I buy I know my downside risk is down to the 4ema which would be the area I would sell for a los if it closes below. Also if it were to drop below the 4ema intraday and I think it is fatal or will not make it back then I may sell that that point intraday. Typically I will use the close. As long as it closes above the 4ema with RSI > 70 then trade is still on. (4ema is more important). When the stock spikes above the 4ema I take at least half off. One close below the 4EMA can be allowed if the quality of the stock/story is very strong. Another chart pattern is the 2-3 Days of rest pattern. A Stock that has met the above criteria remains above the 4ema and RSI >70 although the stock rests and even pulls back. On the 2-3rd day after rest stock is likely to continue move upward for a trade. I may enter the stock on the 2nd or 3rd day of rest for a trade targeting a move above the most recent high. (Not Full Proof)…….new –→>>>.slow sto20 pattern…….only for former quality runners…stock lost 4ema and dipped and RSI fell off……slow stochastics goes below 20……..when stock reclaims the 4ema it is a a buy and the 4ema becomes the mental stop loss and profit is taking on moves above the 4ema………..

Tim Sykes

sykes

10 Hot Stocks To Watch Today

All Trading Accounts: $1,166,000ish, up 134% in 2014 already as I started 2014 with $500k, I was up 66% in 2013, up 38% in 2012, up 54% in 2011, up 57% in 2010

Yesterday was a $15,000ish profit day for subscribers (-$2k day for me)

Soooooo much in play, gotta focus ONLY on the best plays:

WATT, DRWI, DGLY all have positive news this morning…tough market though so it’ll be tough for them to spike they traders want them to…watch them all though for uptrending/volume as signs of potential spiking, potential buys.

CBMX was my big winner yesterday buying in the 2.30s with a goal of a breakout above multi-day resistance at 2.40…got up to the 2.57 range afterhours yesterday, but its back to 2.40ish premarket today due to the overall market being down…nice overnight Seeking Alpha story might spike it, it’s gotta hold 2.40 for me to hold…disappointing today but with the market down so much, it’ll be tough to have any real momentum stocks.

PXLW ran yesterday on a Seeking Alpha story right to multi-month resistance at 9ish…potential buy if it can ever crack above that, but it faded into the market close yesterday so no overnight position for me…good thing since it’s down substanitally premarket.

CYNK and CBDS are my top 2 potential shorts…see video explaining why HERE as always it’ll be tough to find shares to short so these are my preferred brokers no, Etrade, Scottrade & crappy Sharebuilder won’t EVER have shares to short.

NURO I tried dip buying overnight in the 2.30 area and got a decent morning spike up to 2.50 premarket…the highs near the market open on a little spike were 2.40ish so there was a little upside, but it didn’t get any upgrades or articles overnight so I got out in a hurry…no play now since it’s fading more.

USU I said yesterday “is down but not out…far too many people think it’s going to zero right away…potential buy on this 50% dip off its highs, classic #5 pattern from my PennyStocking Framework DVD” but it faded all day and actually closed right near support at 5.50…I should’ve shorted overnight as it clearly was breaking down, but this stock scared me and I had the wrong bias all day yesterday so I missed out…now near $5/share premarket due to the overall market tanking, potential short.

MEET I had the right idea dip buying in the 2.40s as other newsletters also bought and pushed it to the 2.60s…nothing huge, but nice to be able to predict how other traders trade.

InvestorsLive

investorslive

Scans For InvestorsLive for 07/14/14

Here’s the plan!

BlackBerry Limited (BBRY)  will continue to monitor for the fade but as I’ve said all along the higher it goes the more likely to fill the gap mid 13s …. I don’t want to get TOO ahead of it but I want to start in and be there for it so I can add to a winner — at this rate the more it consolidates the less likely to have a big pull back though

big

WPCS International Incorporated (WPCS) weak open red/green rip .. lotta volume into the last hour $1 over/under … ideally gap up rip .. $1.10 rip thru maybe $1.20-30s + and sit back …  be careful getting to far ahead of this it was a pump (paid tout) on Friday they aren’t dumb they probably have more news lined up .. but will eventually fade

big (1)

Crumbs Bake Shop, Inc. (CRMB) gap up parabolic maybe? more news out this weekend so it may be nothing ..  may gap down … if not I really hope for a gap up and push out of the gate through Friday highs so that we can get a nice short back under .50s because if it does gap … that is going to be the PERFECT lay up trade

big (2)

Achillion Pharmaceuticals, Inc. (ACHN) weak open red/green breakout through $8 … I always underestimate these rebounds off the lows and end up getting squeezed the first day so my goal is to let it peak out w/ a lower high .. or $8 parabolic and start in .. but nothing to get short early on with any quick weakness because many times they float right back up and ramp

big (3)

American Apparel, Inc. (APP) gapper for me, great start for us on Friday! maybe $1.25-1.30 and then sit back eventually we’ll see great volume

big (4)

Glu Mobile, Inc. (GLUU) weak open r/g for $6 … but ideally for me … $6.10-15 push through $6.20-6.30s + and sit back sub $6

big (5)

Republic Airways Holdings Inc. (RJET) weak open red/green again (worked well Friday)

big (7)

United Continental Holdings, Inc. (UAL) let it run just monitoring if it gives us lower highs

big (8)

Weekly Roundup August 18-22

Aug 30, 2014   //   by Profitly   //   Profitly, Profitly Weekly  //  Comments Off

Time for another weekly roundup! Superman in particular had some big trades this week, so we’ll start with him.

$61,600 profit on SLCA Long Option by super_trades

Entry comments: may roll some aug into sep so prepping for it will use stop if needed. Exit comments: SUPER TRADE $50k IN PROFITS WIL VERIFY TOMORROW.

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$14,250 profit on LOCO. Long Option by super_trades

Entry comments: these are call options into earnings. Exit comments: 15-18k option trade!! may look to do it again if it pullback #SUPERTRADE.

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$2,500 profit on DGLY. Long Stock by super_trades

Entry comments: TRADE personal stop loss 7 area and personal target 8-9 plus if it works. Exit comments: super trade may go higher.

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$3,000 loss on SLXP. Long Stock by super_trades

Entry comments: TRADE 158.5 personal stop loss and 160.50 plus personal target if it works. Exit comments: out for loss watching too many stocks.

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$2,050 loss on REED. Long Stock by super_trades

Entry comments: SWING – kombucha market is new trend and REED is #2 ..private GT #1 … thesis this becomes like red bull vs monster in this category….personal stop loss high 5′s and personal target 7-10 if it works. Exit comments: may still work but lost chart will keep on watch.

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Then we have Tim, who was on vacation this week so he didn’t do that much trading himself, although he was still sending out watch lists for his students.

$3,213 profit on HPJ. Long Stock by timothysykes

Entry comments: Wond contract to have rechargeable batteries in new TIMEX smartwatch, should start rumormill with iWatch & other wearable watches coming out, nice multi-month breakout over 5.30, goal is to make 30-60 cents/share, be careful it might be fast. Exit comments: Woooooo what a rush, buying a contract winner on a dip just above technical support in the 5.30s then selling into a morning spike, easiest trade in months, just had to watch premarket winners; look at the multi-month chart, will do video lesson, congrats to all those who got it, it’s still running now into the 5.70s woooohoooo.

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$7,405 loss on VOIL. Short Stockbytimothysykes

Entry comments: Shorting this blatant pump w.my high net worth broker, email admin@timothysykes.com for intro if you have $30k minimum, goal is to make 30-50% on this one. Exit comments: Buyin notice from my high net worth broker grrrrr, nasty loss after fees, but that’s the risk you take…I’d do it again since big collapse was possible, losing 10 cents/share is worst case scenario…will look to reshort next week, one of these days it’ll drop APPG-style, 30-40-50 cents/share in one day.

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Check out our previous posts too:

March 30-April 4

April 7-April 11

April 14-April 18

April 21-April 25

April 28-May 2

May 5-May 9

May 12-May 16

May 19-May 23

May 27-May 30

June 2-June 6

June 9-June 13

June 16-June 20

June 23-June 27

June 30-July 3

July 7-July 11

July 14-July18

August 4-August 8

August 11-15

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