Timothy Sykes
@timothysykestrader·479K subscribers·3.4K videos
Don't Make This Classic Short Selling Mistake
Posted
February 12, 2020
Views
12,494
Likes
440
Comments
107
Engagement
4.38%
February 12, 2020
12,494
440
107
4.38%
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If you short sell, you gotta be super careful. Don’t put yourself in a dumb, stupid, risky position! Here’s what you need to know about short selling right now.
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Most penny stocks will fail … but that doesn’t mean you should short sell all the time.
Don’t put yourself in a risky position that could blow up your account! In this video, I’ll tell you what you need to know about short selling RIGHT NOW. The market conditions are different now. You gotta stay on your toes.
I want to help you understand the difference between when to sell short and when to stay far, far away.
BTW — in case you’re admiring my mad cool jacket, it’s merch from my new Karmagawa collection for Save the Reef. Check it out … All profits go to charity!
Back to short selling. It’s super sad how short sellers are losing big time so far in 2020. I’m NOT taking pleasure in it.
But suddenly, I’m getting all sorts of messages from short sellers who blew up their accounts. Now they’re reaching out because they want my guidance.
I can’t pretend I have all the answers. But in my 20+ years of trading, I have learned a thing or two. For instance ... you’ve got to focus on only short selling the right kinds of charts.
Stay in your own lane. If you start listening to all the chatter, it can be very dangerous.
A lot of these short-selling chat rooms are run by newbies. The problem? They don’t tell you everything. They don’t show you the fees, their losses, their account size, or their intraday risks.
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In short (pun intended) … short sellers are the new stock promoters from the days of penny stock pumps.
Also, there are just too many short sellers right now. That’s creating short squeezes. In the video, I tell you why that’s important … and how you can avoid getting squeezed.
Remember: a penny stock can still spike a lot, even if it’s a crappy company. I’ve even seen stocks jump from $5 to $120 in just a few days.
Watch the video for some important setups you should know like first green day stocks, plus learn how you can avoid common short selling mistakes. I’ll even show you some recent examples, like BLOZF, CPAH, and more.
Leave a comment if you understand this lesson. Say, “It’s good to short the first red day!”
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Hey, it’s Tim Sykes, millionaire mentor and trader. Thank you for watching my videos. I hope that they help you. I want to share everything that I've learned over the years. You can check out more videos right over there, and also click ‘subscribe’ so that you can watch all of these videos, get that knowledge and become my next millionaire student.*
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