Browsing articles from "January, 2015"

Weekly Roundup January 19-23

Jan 31, 2015   //   by Profitly   //   Profitly, Profitly Weekly  //  Comments Off on Weekly Roundup January 19-23

The Dow ended the week up 1%, the S&P 500 was up 1.6% and the Nasdaq was up 2.6%, so it was a decent week for the overall market, but our gurus are still beating them year to date.

Let’s start with Tim.

$1,221 profit on ADXS; Short Stock.

$670 profit on COSI; Long Stock.

Then we have Superman, who posted some late trades from the week before that will serve as learning lessons. He may not have had such a great week, but he’s still up about $450K so far this year, and let’s be honest, nobody is perfect.
$22,302 loss on CLShort Future.

$16,260 loss on JUNOLong Stock.

Weekly Roundup January 12-16

Jan 28, 2015   //   by Profitly   //   Profitly, Profitly Weekly  //  Comments Off on Weekly Roundup January 12-16

Another week is in the books and we’re already half way through January! Time flies when you’re making money.

First off here are some trades from Tim this week. First up is a solid trade on SMSI:

Then we have another good trade on CUBA.

Lastly, Tim had a learning experience with his next trade on VOXX.

Then we have Superman, who had one trade that will give everyone else a run for their money this year! Also, did we mention he’s already up nearly $500K since the beginning of the year!! This is an example of why: check out the $47K profit on BLCM.

He didn’t stop there, profiting a sweet $5K on CLRX.

Don’t forget to check out previous roundups here:

November 3-Novermber 7

November 10-November 14

November 17-November 21

November 24-November 28

December 1-December 5

December 15-December 19

December 22-December 26

December 29-January 2

January 5-January 9

Weekly Roundup January 5-9

Jan 22, 2015   //   by Profitly   //   Profitly, Profitly Weekly  //  Comments Off on Weekly Roundup January 5-9

It’s time for the roundup of the first full trading week of 2015. We’re going to start with Tim because not only did he have a great week trading, but he got engaged!!! Congrats to him and Bianca from everyone at Profit.ly!

$2,936 profit on JOB; Long Stock by Timothy Sykes.

Entry comments: Buying this Supernova on breakout over day high, big 1st day breakout after consolidation, short squeeze, goal is to make 20-40 cents/share over the weekend into next week gap up/morning spike ideally.

Exit comments: Nice 15%ish gains on the Friday short squeeze/Monday gap up pattern as outlined in my http://howtomakemillions.com DVD, probly could run more, but this hit my goals and now I have to focus on more potential VUZI which sadly is already up to 5.75 and no chance to buy it premarket.

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$2,952 profit on LOCO; Long Stock by Timothy Sykes.

Entry comments: Speculative dip buy due to closing green/analyst upgrade today.

Exit comments: Woke up to make $3,000, best case scenario, buying hard hit stock with solid potential on chart breakout/analyst upgrade catalyst…beautiful trade all around, will do video lesson…congrats to all longs.

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$4,221 loss on EFUT; Long Stock by Timothy Sykes.

Entry comments: Bought this Alibaba wannabe on a solid intraday dip off of $5.50, see conversation from recent earnings conference call http://tim.ly/1plzhar they compare their product to Alibaba and tease a potential upcoming deal with them, if that deal is signed, this can spike 30-100%, that’s my goal to sell into that since it never holds it gains.

Exit comments: Cutting losses as this stock is dropping every day now like the overall stock market, I gave it PLENTY of time to spike/issue press releases about their mobile shopping product, but China/Alibaba is cooling off now and this is heading in the wrong direction so I have to cut losses.

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Next up is Superman, who is already up a staggering $200k year-to-date!

$64,515 profit on ES; Short Future by Super Trades.

From mid-December I stated i wanted to be short /hedged going into early Jan… shorted futures #SUPER

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$69,769 profit on FGEN; Long Stock by Super Trades.

Entry comments: CHART GS IPO i believe QP expires next week, personal stop loss 4ema area and personal target 25-28 plus depending on targets given Exit comments: #SUPER TRADE FROM $24 !!! May go higher but have to take the $6 point day !!!

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$35,350 profit on ES_F; Long Future by Super Trades.

From mid-December I stated i wanted to be short /hedged going into early Jan… shorted futures #SUPER

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$15,706 profit on ES; Short Future by Super Trades.

Futures short

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$6,898 profit on KITE; Long Stock by Super Trades.

Entry comments: TRADE – personal stop loss high 69’s and personal target 72-75 plus if it works

Exit comments: #SUPER TRADE 7k in 30 minutes !!!

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$8,897 profit on DRNA; Long Stock by Super Trades.

Entry comments: SWING / CHART – cancer IPO was in 40’s …has big analysts targets out there and only 6-7mm float…seems to be forgotten…personal stop loss mid 17’s and personal target 18-20 plus if it works Exit comments: SUEPR trade will keep on watch as I love the story…will monitor chart.

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$6,273 profit on CL; Short Future by Super Trades.

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$14,531 loss on MARK; Long Stock by Super Trades.

Entry comments: SWING – DO NOT CHASE China social media app due to launch soon per this article and said collaboration with $BABA and Tencent ..personals top loss mis 4’s and personal target 6-8 plus if it works Exit comments: Taking the loss here even though it may still work in the 8k today they changed language to 90 days……and said no partner agreement yet although they could get one….

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$6,646 loss on NERV; Long Stock by Super Trades.

tried to buy on news stopped out

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$9,386  loss on MARK; Long Stock by Super Trades.

Entry comments: SWING – DO NOT CHASE China social media app due to launch soon per this article and said collaboration with $BABA and Tencent ..personals top loss mid 4’s and personal target 6-8 plus if it works Exit comments: Taking the loss here even though it may still work in the 8k today they changed language to 90 days……and said no partner agreement yet although they could get one….

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$6,842 loss on DPRX; Long Stock by Super Trades.

Entry comments: SWING – Do Not Chase — anti-biotic play , low float IPO from 2014….. personal stop loss high 12’s and personal target 14-15 plus if it works Exit comments: stopped for loss will keep watch.

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December 1-December 5

December 8-December 12

December 15-December 19

December 22-December 26

Think Twice Before Trading Currencies

Jan 20, 2015   //   by Profitly   //   Market, News, Profitly  //  Comments Off on Think Twice Before Trading Currencies

So you want to trade currencies? A lot of people have tried to take up currency trading as a way to boost returns with interest rates so low and the stock market near record territory. A lot of these same people got absolutely crushed last week in a central bank shocker. Even financial titans like Deutsche Bank, Barclays, and others like FXCM saw massive losses. So, you may want to think twice before diving in to this volatile market.

Speaking of FXCM, the stock is getting crushed, falling more than 80%. What exactly is FXCM? It’s a currency-trading platform for mom-and-pop investors, and on Thursday they revealed that their clients had taken a massive hit when the Swiss central bank surprised the world and abandoned its efforts to create a ceiling for its currency. There are a few things to keep in mind here. First, note that they are mom and pop investors rather than sophisticated traders. Secondly, according to the Wall Street Journal, about two-third of FXCM’s U.S. clients lose money each quarter. In last year’s third quarter, the most recent available, 68% of the firm’s active U.S. accounts were unprofitable.

Does this mean that FXCM just has really dumb clients? No, it means that trading currencies is hard. The two-thirds figure holds true across much of the industry. Among six of the biggest firms that allow U.S. retail traders to play in the currency market, a weighted average of 38.3% were profitable, according to Forex Magnates. In other words, more than six in ten were unprofitable.

Here’s the third-quarter 2014 data from Forex Magnates in chart form:

Via WSJ

Via WSJ

It’s the smallest and the newest investors that are most likely to lose money. It is safe to assume that this is likely because they are the less experienced and haven’t had  a change to burn out yet. The firms with the highest percentage of profitable accounts, Interactive Brokers and CitiFX, have minimum deposit requirements of $10,000. For some of the others, the minimum is much lower–as little as $50. The average account in the U.S. has about $6,000 to $7,000 on deposit, according to industry research.

Even with just a few hundred dollars in an account, the forex firms allow their customers to employ leverage to increase the size of their bets. A $1,000 account can make a $50,000 trade. But that also creates a problem: it’s easier to wash out entirely. So the would-be traders that come in, set up an account, lose all their money and never return–all in the span of a single quarter–are only counted as “unprofitable accounts” once.

Still want to trade currencies? Then learn from these Business Insider posts below.

More than three years of stability between the euro and Swiss franc just ended suddenly, as the Swiss central bank abandoned attempts to cap the currency’s value.

The bank previously aimed to let the franc rise no higher than 1.20 to the euro (about €0.83 to each franc). As soon as the change was announced, it smashed immediately higher, breaking through the previous “ceiling”. It broke through a 1:1 exchange rate, surging above €1.10.

Here’s the euro plunging against the franc, down by nearly 28% as the news broke, an astonishing move for a currency:

swiss franc.png

Moves like these occasionally come from countries like Russia, where a drop in a commodity they produce tanks, but they’re almost unheard of in the major advanced economies. As of 1:00 p.m. GMT (8:00 a.m. ET), the euro is down by more like 14.6%, to just 1.026 Swiss francs.

Switzerland brought the currency cap in 2011, to put a halt to the constant appreciation of its currency. The franc is seen as a particularly strong and safe currency, and saw huge inflows during the worst years of the euro crisis.

This is likely to have a big impact on a lot of Europeans: For example, if you’ve got a mortgage denominated in Swiss francs, but you get paid in euros, it just got a lot more expensive. On the other hand, if you’re getting paid in Swiss francs, that holiday to Italy suddenly looks a lot cheaper.

According to the Swiss National Bank’s statement, it was just becoming too difficult to justify the currency ceiling:

The euro has depreciated considerably against the US dollar and this, in turn, has caused the Swiss franc to weaken against the US dollar.

In these circumstances, the SNB concluded that enforcing and maintaining the minimum exchange rate for the Swiss franc against the euro is no longer justified.

As the dust settled from Thursday’s surprise decision to unpeg the Swiss franc from the euro — which blasted the franc up higher — we’re beginning to see the damage that was done.

According to the Wall Street Journal, Detusche Bank lost $150 million on the move. The Journal also reported that Barclays lost tens of millions.

It was expected that smaller businesses would feel the pain of this sudden, volatile shift. Business Insider’s Mike Bird reported that UK-based FX broker Alpari just announced that is has entered insolvency.

From Alpari’s announcement:

The recent move on the Swiss franc caused by the Swiss National Bank’s unexpected policy reversal of capping the Swiss franc against the euro has resulted in exceptional volatility and extreme lack of liquidity. This has resulted in the majority of clients sustaining losses which has exceeded their account equity. Where a client cannot cover this loss, it is passed on to us. This has forced Alpari (UK) Limited to confirm today, 16/01/15, that it has entered into insolvency.

Casualties continued to roll in. Foreign-exchange brokers who had relied on the stability of the Swiss franc, which until Wednesday was pegged to the euro, were taken by surprise when the Swiss National Bank abolished its controls, and millions of dollars were lost at firms around the world.

The UK-based FX broker Alpari just announced it had entered insolvency. Here’s what it said:

The recent move on the Swiss franc caused by the Swiss National Bank’s unexpected policy reversal of capping the Swiss franc against the euro has resulted in exceptional volatility and extreme lack of liquidity. This has resulted in the majority of clients sustaining losses which has exceeded their account equity. Where a client cannot cover this loss, it is passed on to us. This has forced Alpari (UK) Limited to confirm today, 16/01/15, that it has entered into insolvency.

That follows New Zealand’s Excel Markets, which made the same statement earlier, according to the Financial Times.

Brokers can go out of business on big moves like this because they give their clients access to leverage. For example, an account holder might have $1,000 with the broker but hold positions worth $10,000 in currency markets. That doesn’t matter so long as the holder’s losses are covered by the initial amount. But Wednesday, for at least two brokers, that wasn’t the case for a lot of those clients.

The New York-based FXCM, one of the world’s biggest foreign-exchange brokers, says it may be in breach of rules on capital requirements and that it is owed $225 million by clients who are now in negative equity. FXCM shares are down by an astonishing 90% ahead of the US open.

IG Group, a publicly listed UK-based broker said Thursday that its losses would not exceed £30 million ($45.7 million).

This isn’t likely to be the last of the fallout from the colossal move, which was almost unheard of among the most widely traded currencies of advanced economies. Here’s what Thursday’s fluctuation looked like:

swiss franc 2

Just like Tim and the other gurus teach you how to trade penny stocks and follow chart patterns, reach SEC filings, etc…you need to learn the fundamentals of currency trading before even thinking about diving into that market.  If these professional Wall Street firms (we use the word professional loosely there) are losing millions on this, think about how poorly the uneducated trader is doing.

 

Weekly Roundup December 29-January 2

Jan 15, 2015   //   by Profitly   //   Profitly, Profitly Weekly  //  Comments Off on Weekly Roundup December 29-January 2

After reading this post, I think you will agree that our gurus finished out 2014 on a strong note! There was even one $20k profit! While most people were off on vacation and just getting their basic salary, these guys were making some serious trades for themselves and their students.

$12,500 profit on NRX; Long Stock by Super Trades.

Entry comments: TRADE – personal stop loss 13.7 area and personal target 15 plus if it works.

Exit comments: #SUPERTRADE $12k in 3 minutes !!!!!

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$22,190 profit on CJJD; Long Stock by Super Trades.

Entry comments: CJJD – SWING / TRADE – personal stop loss 1.90 area and personal target $$2.50 -3.00 plus initial range Article today – Online prescription drug sales to be legalized in China http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20141229000010&cid=1201 “Third-party e-commerce platforms such as Tmall and Jingdong Mall have also launched dedicated drug selling sites to tap into the pharmaceutical retail market.

Exit comments: #SUPER TRADE from $2.20 !! Remember when i sell a partial position and close it out .. profit.ly posts the average for the entire trade.

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$3,232 profit on VGGL; Long Stock by Timothy Sykes.

Entry comments: Classic runner/January Effect play, spiked 50 cents/share so far, should spike more on this news as told in the chatroom: 2:29PMMichaelGoode: "VGGL+++ news not on wires. Wedbush just sent out a invite only email inviting instutional funds to attend some special announcement " per @zozotrader on twitter GOAL IS TO MAKE 30-50 CENTS/SHARE TODAY/TOMORROW.

Exit comments: Got up to the 3.45s but I’m out, big traders like http://tim.ly/tg2mil now shorting, potential re-buy before the market close, video lesson coming.

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$1,132 profit on ATOS; Short Stock by Timothy Sykes.

Entry comments: Shorted this paid pump into the bounce, shares available at IB, goal is to make 15-25 cent/share retrace.

Exit comments: Got down to 1.48, but then there was a wall of buyers, I missed the bottom, covering for roughly $1k profits, not bad, nothing great, low risk trade though for sure, video lesson coming.

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$1,778 profit on NDRM; Short Stock by Timothy Sykes.

Entry comments: Short some, SSR though annoying.

Exit comments: Yes please, nice morning panic, $2k profit!

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$2,385 profit on NEON; Long Stock by Timothy Sykes.

Entry comments: Bought this runner on intraday dip 35 cents/share off its day highs, intraday support at 2.90, analyst compared their upcoming CES product to MBLY with next generation car technology, should be multi-day runner, goal is to sell in the low to mid 3s today or tomorrow.

Exit comments: Broke out to new afternoon highs, but then a wall of sellers at 3.15 stopped it cold so I’m playing it safe and taking small profits, potential re-buy towards the market close, but I don’t like how it couldn’t retest the morning high.

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Don’t forget to check out previous roundups here:

September 29-October 3

October 6-October 10

October 13-October 17

October 20-October 24

October 27-October 31

November 3-Novermber 7

November 10-November 14

November 17-November 21

November 24-November 28

December 1-December 5

December 15-December 19

2014: One of Tim’s Greatest Years Yet

Jan 13, 2015   //   by Profitly   //   Press, Profitly  //  Comments Off on 2014: One of Tim’s Greatest Years Yet

It’s safe to say that this was a great year for ours truly Tim Sykes. He had multiple students cross the $1 million in profits mark using his trading strategy, and several others had huge profits as well. Here is a snap shot of some of the articles and stories written about him in 2014. It’s safe to say we’re all looking forward to what next year has in store! We have a lot of exciting this cooking for you 🙂

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Tim Sykes and his second millionaire student Tim Grittani on FOX News in January:

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TECHLI.com article in January:

Business Mindset: Be ‘Crazy Aggressive’ Like Tim Sykes

Excerpt: “A lot of people do what they are told to do by their parents, by society, by their industry, even if you have unconventional thoughts or things you want to do on your own,” said Tim Sykes.  “F— that.  You do not need to do that.  The world has changed, and I don’t think people have realized it like they should.  Might call it luck, but, really, it’s strategy. And it’s possible.” Continued…

Haute Living article in February:

What’s On My Desk: Trader Tim Sykes

Excerpt: “Sykes definitely gets around the media circuit, having appeared as a guest on CNBC, CNN, 20/20, CBS Sunday Morning and Oprah and Friends Radio. Here, he’s giving as a look at what’s on his desk at his South Beach office.” Continued…

Hollywood Reporter article in April: 

Courtside at the Knicks Game With Spike Lee: One Kickstarter Backer Tells All

timothy_sykes_spike_lee_a_l

Excerpt: “Penny-stock trader Tim Sykes reveals what it was like to like to sit on the floor at Madison Square Garden, part of his reward for his $10,000 donation to the director’s crowdfunding campaign.” Continued…

Huffington Post article in June:

Success Tips From Millionaire Trader Tim Sykes

Excerpt: “For most entrepreneurs, one of the greatest daily challenges is time management. Not only do busy entrepreneurs struggle with effectively managing their time in order to complete their never-ending to-do lists each day, but they also struggle with prioritizing their time to focus on the tasks that will produce the greatest value and returns for their company. An entrepreneur’s daily habits, routines and systems can (and usually do) make or break their success. Always curious to learn about the success habits of other entrepreneurs, today I sat down with my good friend Timothy Sykes, the millionaire stock trader, teacher and serial entrepreneur, and asked him to share with my readers his own daily habits for success and peak performance.” Continued…

CNBC in July:

What’s next for CYNK traders and promoters?

Excerpt: “The U.S. Securities and Exchange Commission stepped in Friday morning and halted trading of the mysterious penny stock-turned-$6 billion company CYNK Technology. But while the feds investigate whether the market was influenced by an illegal manipulation, the traders involved in the company are frozen, and maybe out of luck.

Penny stock trader and evangelist Tim Sykes told CNBC he has been caught short on stocks halted for two weeks like CYNK.

“I love that feeling,” he said of hearing about an SEC halt on a stock he holds short. “It opens everyone’s eyes to the fact that these companies are scams or pump and dumps.” Continued…

Men’s Journal article in November 

Buying High: How to Get Rich on Pot Stocks 

Excerpt: “…A week later, prices were still depressed, and the pack was getting restless. A tweeter suggested that everyone step back, put buying on hold for a moment, and apply “some common sense” to the situation, which led the Wolf to write: “U have as much common sense as a dude giving anal to someone with a stomach virus.” Suddenly it was nasty time in the pot-stock community, like everyone involved had started smoking weed laced with PCP. Then prices went up for two days in a row and harmony was restored; then they dropped again, further, almost out of sight, like turds in a toilet. The pack was snarling now. It needed someone to blame. Not the Wolf, of course, but someone.

They found him in the person of Timothy Sykes, perhaps the most famous penny-stock trader in the country, an obnoxious loudmouth whose DVD and chat-room ads blared stuff like, “Learn how I turned $12,415 into $4,050,000 and how I created four millionaires!” next to pictures of him standing smugly beside his Lamborghini or showing off his Rolex or beaching it in some exotic locale with his model girlfriend. Sykes specializes in short-selling, betting that a certain stock will drop in value, something that will typically happen if lots of other short sellers pile on. Recently Sykes had begun railing against some of the Wolf’s picks, calling the companies worthless junk.” Continued…

Forbes article in November:

How Tim Sykes Created His Multi-Million Dollar Blog 

Excerpt: “Readers, he says, tend to be most responsive to his exposes of penny-stock scams. One of his favorite posts, he says, was “24 Reasons To Day Trade, A Response To James Altucher’s ‘8 Reasons Not To Daytrade’”

“You aren’t as smart as you believe and in this economy, you don’t have that great of a future either…the good news is that neither intelligence nor potential is required to be a consistently profitable day trader,” Sykes wrote in November 2010.” Continued…

Best Trades of 2014

Jan 8, 2015   //   by Profitly   //   Best Trades, Market, Profitly  //  Comments Off on Best Trades of 2014

The year is coming to a close, and it’s always great to look back at some of the best trades on Wall Street. Quartz did a great roundup that we are sharing here:

So that’s what we’re giving you in lieu of sweet, sweet returns.

1. Beef Lattes

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Return on the left, underlying asset on the right.(AP Photo/Mike Groll)

That’s not a real thing. But severe droughts in Brazil and the western USdid cut down dramatically on the supply of both coffee and beef. And if you managed not to fall asleep during your Econ 101 lectures, you know that means prices go up! Which is exactly what happened.

Coffee prices spiked earlier this year, forcing chains like Starbucks andDunkin Donuts to pass the hike onto customers. Brazil got some rainthis fall, so the java jump is over. But the much of the American West—until this week, at least—is still a vast, arid expanse (paywall), so cattle herds are still small and prices are high enough to bring back cattle rustling.

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2. Billionaire dollar store whimsy

Carl Icahn, corporate takeover specialist, speaks at the Reuters Corporate Reform Summit at the Reut..

Lend me your ear.(Reuters)

Carl Icahn is an activist investors, which means he buys big chunks of public companies, harangues them into making changes and profits on the resultant stock gains. He did just that earlier this year with Family Dollar, announcing in June a 9.4% stake in the low-cost retailer. He proposed that the company put itself up for sale, which it did. That turned into a bidding war between Dollar Tree and Dollar General. As of now, Family Dollar is sitting on an $8.5 billion offer from Dollar Tree, though the matter seems far from settled. But none of that matters for Icahn. His work done when the stock surged, he jumped out of the stock months ago for a reported gain of $200 million.

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3. The Almighty Dollar

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Might as well just use this stuff.(AP Photo/David Duprey)

The US is doing almost singularly wellamong developed economies. And so is the US dollar among major currencies. So investors are flocking into greenbacks to ride out the storm elsewhere.

As the Federal Reserve winds down its bond-buying program, the European Central Bank is attempting to get its own party started and the Bank of Japan is slamming open its own spigots, helping to make those currencies cheaper and driving the dollar to its most expensive level in five years. In many cases, a strong currency hurts economies because it makes exports more expensive. But it makes imports cheaper for American consumers, who are saving money on cheap gas anyway, so go ahead and buy that house you’ve been eyeing on Snapdeal already!

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4. Old World Obligations

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Betting against Mario was a poor decision.(Reuters/Ralph Orlowski)

Speaking of the ECB, foreign exchange traders aren’t the only ones trying to get in on the stimulus action. Bond investors have been bidding up European government debt in the hopes that the ECB (or some other investor) will take them off their hands later if Germany actually allows the whole thing to go through. To be sure, not all eurozone debt is the same (looking at you Greece), but it’s been a pretty broadly hot category this year.

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5. Chinese Stocks

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Thumbs and markets up.(REUTERS/China Daily)

The Shanghai Hong Kong Stock Connect, also known as the “Through Train,” has picked up a few passengers since it left the station last month. It was in the works for a while, but Chinese officials delayed its launchamid the Umbrella Movement protests in Hong Kong. This week’s minor meltdown notwithstanding, they still did pretty well for the year.

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But it’s curious that a country’s stock market can be doing so well when its underlying economy seems to be going in the opposite direction. Where’s the money coming from? Like in so many other parts of the Chinese economy, the answer is leverage.

Here’s Quartz’s Gwynn Guildford to explain some of that dissonance:

But if leverage has been around for two years now, why are mainland-listed shares only now rallying? Because the Chinese government has been drumming up enthusiasm for stocks, including in its surprise launch of the Shanghai-Hong Kong Stock Connect—which, so far, has boosted A-shares minimally. It has also encouraged investment in its state-run press.

“The government may be hoping, by engineering a buoyant stock market through words and deeds, companies can raise equity (rather than debt) so the whole economy can de-leverage,” writes Cui, adding that a stock boom also should boost consumption by making people feel richer.

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Weekly Roundup December 22-26

Jan 6, 2015   //   by Profitly   //   Profitly, Profitly Weekly  //  Comments Off on Weekly Roundup December 22-26

The team at Profit.ly hopes you’ve been enjoying the holidays with you family like we have.

$826 profit on  ATOS; Short Stock by Timothy Sykes.

Entry comments: Very small short, but 2nd up day, paid pump by Zacks, resistance at 2.20, goal is to cover in the 1.90s or 1.80s.

Exit comments: Ignore these fast trades, just showing my http://tim.ly/sykesmc students the basics of live trading/Level 2 during a webinar right now.

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$835 profit on MEDA; Short Stock by Timothy Sykes.

Entry comments: Shorting this pump on its 2nd spike, up from .04, goal is to cover for 30-50% gains, I don’t like shorting stocks so low, but this is a blatant pump up from .01 so there’s tremendous downside, IB has shares to short but going fast.

Exit comments: No big panic, but easy 15%+ profit shorting this dead pump bounce, congrats to everyone with IB.
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$9,788 loss on CUBA; Short Stock by Timothy Sykes.

One of the worst managed trades of my career, only good news is I knew I was wrong immediately so I didn’t alert it, video lesson coming to help you understand how I compounded several mistakes on this trade….greatttttttt lessons for everyone!

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$2,950 loss on CUBA; Short Stock by Timothy Sykes.

Entry comments: Shorting on the perfect downtrend, missed out on $40k in profits in between my last cover and this short, absolutely disgusted with myself, but even if its choppy the pattern works every time, next support is 10ish so I want to make 50-75 cents/share, ideally morning panic Friday.

Exit comments: Covered into nice premarket drop, might actually be a loss for me givin ex-dividend date, my high net worth broker is looking into now, when in doubt get out, video lesson coming, GREAT webinar starting n 2 minutes for http://tim.ly/sykesmc students.

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$62,950 profit on CYBR; Long Stock by Super Trades.

Entry comments: SWING – personal stop loss low 36’s and personal target 38-40 plus if it works ….dip buy on chart gap fill.

Exit comments: $55k #SUPER TRADE !! May go higher but need to get better at profit taking and will do Super Pro video telling why i sod rest….pullback below 40 and I’m stalking.

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$5,120 profit on WLDN; Long Stock by Super Trades.

Entry comments: Starter sell off for no reason i can see —- personal stop loss low 10’s and personal target 12-15 if it works and bounces.

Exit comments: super trade – may go much higher but need to get more disciplined with profits.

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$11,500 loss on LC; Long Stock by Super Trades.

Entry comments: SWING – sister IPO is tomorrow and this has some characteristic to disrupt normal business with internet so sexy…..personal stop loss low 25 or 4ema if i choose and personal target 26-30 plus if it works.

Exit comments: using stop loss here…does not look like it will reclaim 4ema…..not going to get into another EYES type mistake…..I had great profit but broke rules here and this has caused me to focus more on taking profits sooner at least partial according to rules….will keep call options as risk is 5k.

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Don’t forget to check out previous roundups here:

September 29-October 3

October 6-October 10

October 13-October 17

October 20-October 24

October 27-October 31

November 3-Novermber 7

November 10-November 14

November 17-November 21

November 24-November 28

December 1-December 5

December 8-December 12

Weekly Roundup December 15-19

Jan 4, 2015   //   by Profitly   //   Profitly, Profitly Weekly  //  Comments Off on Weekly Roundup December 15-19

$1,821 profit on HGSH; Long Stock by Timothy Sykes.

Entry comments: Bought on dip off 5.10 day highs, it’s using 4.75 Friday highs as support today, so I’ll use that as my support too, if it takes out day high at 5.10 goal is to sell in the mid 5s for me.

Exit comments: Tried a few times to break the day high of 5.10, but now ominous wall of sellers at 5 to 5.05, can’t risk it dropping like it did late Friday, taking puny gains, potential re-buy only if it can take out day high and odds don’t look good right now…haha now hitting 5.20 right as I type this up, I played too safely, congrats to longs.

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$1,518 profit on VGGL; Long Stock by Timothy Sykes.

Entry comments: Dip buying this earnings winner/quasi-pump near its multi-week lows, nice double bottom now put in at 3.15 so only 10-15 cents/share of risk, goal is to make 20-40 cents/share over the next day or so, not a huge huge huge play but good risk/reward, probly holding overnight.

Exit comments: No overnight PR from pumpers like I wanted, got a little bounce and had a chance to break 3.45 but not much volume, I’ll play safe, good lesson during my live http://tim.ly/sykesmc webinar happening now.

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$1,509 profit on ZAGG; Long Stock by Timothy Sykes.

Entry comments: Dip buying this earnings winner, they upped estimate BIGTIME, doubling previous profits and upping revenue guidance and margins too, perfect PR, multi-month breakout above 6-6.15ish, if it can hold and breakout, my goal is to sell mid 6s tomorrow.

Exit comments: Now 6.44 as I type this I got faked out by early morning weakness blehhhh choppy stock, congrats to all longs though whether you made 10, 20 or now 30-40 cents/share from my buy alert, video lesson coming.

Position Updates

Dec 19, 9:57 AM: Sold 20000 at 6.26 – Now 6.44 as I type this I got faked out by early morning weakness blehhhh choppy stock, congrats to all longs though whether you made 10, 20 or now 30-40 cents/share from my buy alert, video lesson coming

Dec 18, 3:55 PM: Added 14300 at 6.18 – Added to my long overnight, closing nicely, I wan the mid 6s tomorrow!

Dec 18, 2:30 PM: Bought 5700 at 6.02 – Dip buying this earnings winner, they upped estimate BIGTIME, doubling previous profits and upping revenue guidance and margins too, perfect PR, multi-month breakout above 6-6.15ish, if it can hold and breakout, my goal is to sell mid 6s tomorrow

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$1,383 profit on CUBA; Short Stock by Timothy Sykes.

Entry comments: Goal is to cover into morning panic, ideally high 8s.

Exit comments: Got the crack of the day low, but big buyers at 8.95, I’m probly playing too safe, but it’ll be easier to short in the afternoon, already down to 8.91 as I type this, good pattern to short.

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And Super Man had a rough week, but he’s STILL up more than $1.5 million this year and nobody is perfect.

$8,010 profit on BLUE; Long Stock by Super Trades.

Entry comments: CHART or TRADE 2-3 day rest 4ema retest on shares sold 85…personal stop loss 4ema and personal target 86-90 plus if it works.

Exit comments: SUPER TRADE.

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$4,700 profit on NVGN; Long Stock by Super Trades.

Entry comments: TRADE – DO NOT CHASE….on melanoma news…. personal stop loss 2.20 area and will sell if it goes against me ….personal target 3-3.50 plus if it works.

Exit comments: #SUPER TRADE – may very well go higher but taking the 5k trade as it has stayed in profit range for reasonable amount of time.

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$66,550 loss on EYES; Long Stock by Super Trades.

Entry comments: SWING – risky but maybe has 2nd day gains….. NOT FOR NEW TRADERS could open up 5 or down 2…….

Exit comments: taking the tax loss here……will do video on what i could have done better.

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$21,750 loss on MBVX; Long Stock by Super Trades.

Entry comments: TRADE / SWING – DO NOT CHASE !!! OTCBB and low float but has collaboration with JUNO which is hot IPO this Friday – Adam F on twitter also said way to play it…. I will sell if it goes against me and stop low 3’s …target 4 plus if it works…. http://www.contractpharma.com/contents/view_breaking-news/2014-09-11/mabvax-msk-juno-enter-antibody-discovery-pact/ https://twitter.com/adamfeuerstein/status/507622519000424448

Exit comments: out for loss……..my own fault for not using stop (I stepped away) , average down, and going long an otcbb – good lesson on many mistakes and will do video.

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$4,100 loss on ONDK; Long Stock by Super Trades.

Entry comments: TRADE IPO personal stop low 26’s and personal target 27-29 plus if it works.

Exit comments: had chance for profit but was greedy – sticking with LC as top dog.

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$5,500 loss on CADC; Long Stock by Super Trades.

Entry comments: TRADE – DO NOT CHASE ultra-low float…..small position as it is up but ultra-low float and sales doubled and guidance , albeit big range may get attention 0-$4 eps guidance) . persona stop loss high 4’s as small position and personal target 7-10 plus if it gets momentum….

Exit comments: taking small loss here for tax year. could have had small profit in 6’s but i don’t sell right away……will take news to move in my opinion.

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$4,150 loss on NEOT; Long Stock by Super Trades.

Entry comments: CHART / SWING beaten down IPO priced at $14 chart looks like trying to bottom…. has shot to reduce fat in non-obese people. personal stop loss 7.5 area and personal target 9-10 plus if it works.

Exit comments: taking small loss for tax purposes …i broke rule and should have used stop loss at 8 or high 7’s….very well may still work but did not move on analyst upgrades….

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Don’t forget to check out previous roundups here:

September 29-October 3

October 6-October 10

October 13-October 17

October 20-October 24

October 27-October 31

November 3-Novermber 7

November 10-November 14

November 17-November 21

November 24-November 28

December 1-December 5