PS point taken

I’m glad you pointed out the no prop firm. It is very, very, very, very, very dangerous. Would not recommend it unless you have YEARS of consistent profitability and understand what it means to trade 1:20 leverage, and even then…

With all due respect, what is with the hostile attitude to your paying subscribers lately? I’ve seen you call them dumbasses, morons, ignorant, and I think I saw a pissant today. I know its easier to call people this over the net vs in person, but I expected some professionalism when your asking $50-99 a month.

My renewal does not come up for a while, but you have me thinking. I want to trade stocks and make money. Not to keen on links to your online fights, nor the increased hostility to questions/comments from paying customers.

Anyhow, good luck Friday. I just thought I’d throw my 2 cents into the hat.

PS not 1 person canceled tonight, strange…i dont think there were any short sellers left, and if there were, they arent my students, stock promoters trying to discredit me

As I posted here: http://answers.timothysykes.com/why-is-trading-so-hard
…one of the things that comes to mind is that on ZANE a change in the trade managing landscape had occurred.

Tim covered very early and posted an alert to private that all his subs could see. This was probably also announced by Reaper in the main window, the chat log history does not go back to that point if I am not mistaken.

The unusual big volume on this spike, unlike the previous 4 over the past 2 days, was a big red flag. Tim was correct, without hindsight benefit, to cover.

He soon posted to Tim Alerts Private to this effect. He also said some critical things to subs. Please log into your account to read that post.

As Reaper noted, this stock HELD 3.00 in consolidation for hours after the first spike. Why would you STILL be short?

I am the biggest ZANE long skeptic there is, just see:

http://traderbigt.blogspot.com/2010/03/confusing-individual-play-outcomes-with.html

And even *I* would have covered went flat or went long. No way am I still short.

Worse, you KNEW 5 hours before the afternoon spike that Sykes HAD covered, and in his post he said:

“i would have flipped from short to long would it not be unethical for me to trade against my slow-as-$%$^ subscribers”

So why were you *still* short on the second late day spike?

It was time to go long, or cover and do nothing, but not remain short. As Tim said, he did not IMMEDIATELY go long on the FIRST morning spike, to prevent subs from becoming confused and as a courtesy. By the afternoon, it should have been obvious that the winds had changed.

One good thing about Tim is he does try to teach subs to learn the game so he is eventually not needed. He spelled out the short cover rally long options, which is something to learn from these and other related plays, so it was no surprise at all to me that he went long ZANE later on in the day on the second spike. I pretty much saw this coming.

He posted again on his long decision about 56 minutes before the close. None of what he said was surprising, it was instructive and a good learning experience.

Learning to think for yourself and *manage* live plays is one thing that is essential to master, and Tim has tried to do this in blog posts and trade recaps by explaining reasons for entries and exits applied to stocks that are alerted. This game is dynamic, not static…

And nooo way will I join a prop firm!!! I’ll leave that to the crackheads and meth addicts!

Hey I guess we both are right.. How convenient!!

tbohen :

Ok, so nothing in the pre price action spooked you? I was thinking maybe I totally missed something since to my untrained eye the pre action looked very favorable to a short.