How I Turned A Bad Trade Into A Good One On HSN, Inc. (HSNI) As Stubborn TIMalert Subscribers Screwed Themselves
Posted by Timothy Sykes on Wed 29th of Oct, 2008 03:52:20 PM
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As TIMalert subscribers know, lots of trades on HSNI yesterday, I managed to make $200+ by cutting my losses quickly and then re-entering, as I encourage everyone to do…best explained by the alerts themselves:
Shorted HSNI at $6
just as i said i might in my pre-market watchlist…this one is easy to borrow, it’s a real company, but it’s a really bad company, retail selling is gonna get crushed this holiday season, stock has gotten crushed, but its up 50% off its lows, mostly due to a short squeeze–6 million shares have been shorted in the last month–methinks it goes lower, just went red on the day (i gladly ignore the morning drop, its too quick aka useless for an alert newsletter), albeit just barely, support at $5.80, after that $5.40 and then $5…i’ll look to cover just above $5 in the next 1-2 days…i’ll get scared of this short on any strength into the market close today/big market turnaround.
Covered at $6.20, safe
stock was/is acting perfectly as a nice fader, then the whole market jumps 3%, as i said in my original alert, i would get rid of my short if there was a big market bounce, not gonna risk some ridiculous overnight gap up…gotta know your risk/reward…stock still coning down to $6.10, pathetic it cant even stay green on the day, bodes well for longer term shorts, but with my limited capital, i can’t risk it…glad some of you guys took profits quick/early, i tried to cover at $5.80 right before the jump, but missed my execution, paid the price…$300 loss still totally acceptable since potential reward was $1000+
reshorted at $7.30
…1500 shares, easy when you cut your losses quickly, much better entry, i’ll love to cover under $7 and actually make $ on this whole deal, ideally before the market close!
covered at 6.92 and 6.90
…for a gain that wipes out the $320 earlier loss and puts me up $200+ on the day, back to $30,945, 150% return in the last 12 months…HSNI still dropping, but market surging bigtime, overnight gap higher possible…these trades are perfect example of why u need to be quick if you’re gonna play these stocks…don’t trade if you only have 1 trade to make today–always have an exit strategy, don’t play them if you’re at your computer for 30 minutes/day–wait for ideal plays (like the Supernovas I detail in PennyStocking) to hold over days/weeks…gotta think before you trade, I try to find good plays with good risk/reward, but if you don’t understand the strategy or don’t have the proper setup, you’re setting yourself for a big fall.
this does get easier, but only after you’ve been doing it for a while, until then, cut losses immediately/quickly and you’ll have little to nothing to regret while you learn
Overall, a decent initial trade, superb loss cutting and even better recognition the spike was too quick so as to turn the whole thing into a gain.
Even a testimonial from a TIMalert subscriber who actually wants to learn the strategy instead of being spoon fed picks (so he’s coming to my Vegas seminar):
took first position at 6.07 because of your morning alert, took second position on timalert at 6. Covered at 5.75 to soon but still grossed 560. Thx c u in Vegas
-NJBM
Many TIMalert subscribers were stubborn and refused to take their losses—discarding my most important rule about taking quick losses, pretending they were the ones who’d been trading for a decade so they must know better…with the stock soaring pretty quickly when the market surged—just as I warned in my original short alert—and today hovering just under $8, those people are swearing off trading and Penny Stocks.
Idiots gotta learn to play by the rules cuz their lack of discipline makes me and Penny Stocks look bad when its really the idiots fault, not ours.
Idiots didn’t understand why I get out so early soooo often when it seemed like all my plays just kept on fading. Now they understand that some don’t keep fading and my itchy trigger finger is the result of years of being a stubborn idiot just like them.
With a decade, I try to help people avoid the hardfought lessons I’ve learned the hard way, but I guess they’re gonna have to learn themselves. Sad, but necessary.
Hey idiots, just think, a decade from now and you’ll be as conservative/impatient as me, until then, I’m gonna call you what you are, friggin trading idiots!
PS Stay tuned for tomorrow’s TIMalerts roundup where I explain how I made 25% on EVC, or $1400+, even while these idiots were still stuck in HSNI or missed EVC completely because they didn’t understand what a morning panic looks like aka they haven’t seen my new PennyStocking Part Deux DVD which focuses on intraday patterns EXACTLY like this.
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TIM Trades
View All| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| July 2 | KIRK | $10.60 | $11.53 | $1377 |
| June 30 | ISRL | $107.97 | $118 | $985 |
| June 24 | LZB | $4.53 | $4.81 | $1240 |
| June 17 | GWSC | $1.86 | $2.76 | $2679 |
| June 15 | SHZ | $1.66 | $1.83 | $280 |
| June 15 | SPNG | $0.11 | $0.18 | $630 |
| June 12 | JAZZ | $2.84 | $3.26 | $380 |
| June 12 | MAPP | $9.68 | $10.07 | $565 |
| June 8 | HEB | $3.00 | $4.18 | $334 |
| June 3 | GROW | $8.64 | $8.96 | $740 |
| June 3 | SYMX | $1.21 | $1.11 | $940 |
| June 1 | USCN | $0.55 | $0.86 | $260 |
Total: $65,674 (421%)
Since HSNI closed up 11% for the day, does it continue to be a short candidate tomorrow?
Timster can you add times? HSNI was @ 6 three different times during that day.
times and opinions are all on the TIMalert ssite, this is just a taste:
http://www.timalerts.com
Here’s my story of how I SCREWED MYSELF because of pattern day trade, short squeeze, and not following THE RULES…
http://timothysykesexposed.com.....-rule-pdt/
Tim, you truely know what your doing and I need to stop thinking I know better than someone who’s been doing this longer than me -
Keep it up!!
Hey Tim!
You watching CHTL? Looking to be a classic play, what do you think??
Tim
I’ve been using RamtaJogi’s correlation calculator (ramtajogi.in/co-relation-calculator/) to get an idea of how closely a stock follows the overall market. For the stocks that follow the market 60-80% of the time, I’ve been deciding not to short them, as I don’t want to bother trying to predict what the overall market is going to do. I’d rather short ones that follow the market only 50% of the time (like EVC)….than that’s one less complicated variable that I have to worry about. I don’t want to play market guessing games.
I’m an idiot that tim mentions in this post. weeeee.
Penny stock ( scam companies like CPSL) do not have much correlation with the market.
No offense Tim i too killed EVC today for 33% profit. Not saying im better than you or anything by any means but one of the main reasons is because one of your readers mentioned EVC yesterday in a comment point out the obvious reasons and asking you if it was a good trade. So im just saying if you did get it from one your readers to make sure to give him credit for pointing it out to you as i know you do read comments.
Here’s a video that I made for $HSNI and it’s success
www.youtube.com/watch?v=PazjJXGQA94
Come on now! HSNI is a crappy company even Ebay and Amazon are taking a hit. This stock is no exception.
Another Video about $EVC and the crazy results:
30% in 20 Minutes SHORT SELLING $EVC Penny Stock!! Timothy Sykes Timalerts Will Make You Money!!
www.youtube.com/watch?v=sK4WvkqjvHA
this aint rocket science, EVC was up 160% in 3 minutes on light volume and no news, i featured it in my premarket watchlist and said it was my #1 short candidate…anybody who missed it isnt paying close enough attention to my strategy
new post:
http://timothysykes.com/2008/1.....y-dropped/
your majesty, you are of course always undoubtedly right!
previously when you chickened out early while your subscribers held on despite initial large paper loss, but later profitted when the stock reversed, you praised them for having balls and you yourself took credit for picking the right stocks.
now they held on for various reasons, and you call them suckers and said they didn’t know your strategy well enough.
please don’t even bother answering this comment, you are such a great marketer now that you can twist any complaints or negative remarks to your advantage, while at the same time further promoting yourself and your products!
all i can say is that i pity these suckers paying you to make you rich, while putting their own hard-earned capital at risk, so that they can make you look good when they make a little money and help you sell more dvds, and they get called losers and idiots when they lose.
can’t you all see? tim wins it all regardless. this is all but a marketing scheme with no repercussion. tim is always right. please continue kissing and sucking the toes of his majesty.
oh i’ll respond with a common trading phrase: let your winners run, cut your losers quickly…i’ve got half that equation down, wiat til my subscribers get it down fully bitch
MAHA,
If your looking for a easy ride, quit trading. You gotta pay your tution.
CTCM has a nice tank from $9 to $6 lod .. suck that I got stock squeeze out @ $9.. otherwise.. it would have been a $400+ profit. instead got a $70 loss.