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Review of #traderchecklist Instructional DVD by @timothysykes Chapter 7

Click here to get Timothy Sykes Trader Checklist 100% for FREE.

seven

Table of Contents for Review of TraderChecklist

Summary:

Quick but good chapter. Actually while I normally think more is better I think brevity in this case in a positive. Sykes goes into actually implementing the SSS in 4 different stocks. It is a capture from pre market back in July so the actually tickers do not really matter. What is valuable is hearing and seeing Sykes thought process and how he actually weights each criteria in the 7 categories.

The Sykes Sliding Scale is not an exact science but it is a solid method to help decide whether a stock is a solid trade setup for YOU. And what I really like is it helps rank all the potential trades of the day. I prefer to focus on as few stocks as possible and watching Sykes go through examples is very helpful to refine this process.

Notes:

Pre market watchlist building with StocksToTrade

Use pre market as a guide

Earnings discussion and time based chart stamping in StocksToTrade

PEIX, EVOK

S13-G Filing

Bad sushi, beat down stocks
-not always worth buying just because they are cheap

Trader Checklist Demo with PEIX

http://profit.ly/sss

7/28/2016 Examples

PEIX – 56 on the SSS nothing amazing setup wise

EVOK – 52 SSS

MDGS – 67

MDGS not ideal but good example of showing “weighting” of potential plays and which to focus on

Good example of thought process in flux.

GRPN – 61

Hypothetical on GRPN – 73

T Minus 219 Days – Sealfit Kokoro

Rise Time: 6:00AM

Bodyweight:183.9

Mile Time: 9:33

Training:

Supersets:

– Snatch 3-3-3-2-2-2-1
– Bench Press 8-6-5-4-3-2-1

~Rest 3 minutes~

5×5 Overhead Press

Assistance (supersets):

– Deadlift Sumo High Pull 3×12
– Single-Arm Kettle Bell Swings 3×10

Burnout (supersets):

– Plyo Push-up 2×12
– Plate Jumps 2×12

Recent Podcast appearance with @million_first

Recently I was fortunate enough to be asked to appear on an up and coming podcast “The First Million.” Not sure if I deserve to be a guest but I had a great time doing it. The guys starting this podcast up were awesome to talk to and did a killer job as hosts.

LOGO

If you have a minute check out the podcast and also follow them on social media. Even if you don’t enjoy listening to me ramble on for an hour give them a follow, I see big things coming from these guys and this podcast.

The primary focus of this podcast is my early entrepreneurial experience creating a startup in my early 20’s and then focusing on my daily routines and methods. Most of which are stolen from other peak performers like Tim Ferris, Jocko Willink, Joe Rogan etc.

If you enjoy it or even if you don’t, if you make it to the end of it, drop me a line and let me know what you think! Thanks

Twitter:

Facebook:

Itunes:

Website:

podcast

Watchlist for 4-28-2016 – Members Only Webinar Tonight @ 8PM – @investorslive

Today’s Watchlist

Man I can’t want for this trend to change.. Seems like weeks/months of oil and gas on every scan every night. Commodity plays are so annoying and border on complete toss-ups in my opinion, so hard to find an edge. I’m basically working on trading around VWAP on them, really difficult to create a plan without some sort of indicator to bind to.

Reminder, members only webinar at Investors Underground tonight:

TBW_April28

Today’s List: Full list from Yahoo Finance

Uni-Pixel, Inc. (UNXL) -NasdaqCM

Event coming up so I’m probably mostly in watch mode, will look for a parabolic up or a fade to crack. If it grinds sideways I’ll wait for the event and hype to fade.

UNXL

Legacy Reserves LP (LGCY) -NasdaqGS – Bonanza Creek Energy, Inc. (BCEI) -NYSE – Denbury Resources Inc. (DNR) -NYSE

These three are IMHO the “junkiest” of the oil and gas, will watch parabolics or fades under VWAP. I traded LGCY yesterday for small losses, did not respect the VWAP. But there was not that much going on so I tried it.

LGCY

BCEI

DNR

OncoGenex Pharmaceuticals, Inc. (OGXI) -NasdaqCM

Instead of oil and gas, I should have been watching/trading this POS. Grr…. Watching for pops and more fail.

OGXI

Watchlist for 3-9-2016 – $LEU, $LNCO, $EPE, $WLL, $NVIV, $JCP, $X, $FCX

I will be hosting a free to the public trading webinar at Investors Underground – March 10th @ 4:15PM Click here for details. 

Today’s Watchlist

Well, it appears yesterday was the day for the oil and gas plays… Shows how being too early can create a lot of frustration. I battled DNR, WLL etc for days, then made small profits when the day came. I should have held DNR for HUGE profits, though I was so tired from battling I covered for small. Frustrating for sure.

FYI I will be starting a series of posts on “Trading Mentality” ideally to help others, but even more selfish to help myself. I have a solid base of trading knowledge and methodologies, but lately I seem to be struggling to “Put it all together” ideally through writing and more deep thought I can help eliminate some of my frustrations and create a more “big picture view” for myself.

Today’s List: Full list from Yahoo Finance

Centrus Energy Corp. (LEU) -NYSE MKT

Ideally a squeeze early then entries for fade.

LEU

Linn Co, LLC (LNCO) -NasdaqGS

Depends on oil, but watching Pops.

LNCO

EP Energy Corporation (EPE) -NYSE

Depends on oil, but watching Pops.

EPE

Whiting Petroleum Corp. (WLL) -NYSE

Depends on oil, but watching Pops.

WLL

InVivo Therapeutics Holdings Corp. (NVIV) -NasdaqGM

Tightening up, will watch for fading with a whole dollar stop.

NVIV

J. C. Penney Company, Inc. (JCP) -NYSE

Tried shorting this into grinding yesterday, silly, will set an alert for a para otherwise ignore.

JCP

United States Steel Corp. (X) -NYSE

Target: high $12’s

X

Freeport-McMoRan Inc. (FCX) -NYSE

Target: $9’s

FCX

Watchlist for 3-3-2016 – $PRGN, $LXU, $GRPN, $JCP, $ZIOP, $CECO, $EYEG

Today’s Watchlist

Probably in the end got a little too aggressive yesterday. After nailing CAR out of the gate I pushed a little to hard on JCP and FIT, both manageable losses but annoying that I chose to fight “real” stocks instead of waiting for the late day fade. But at the same time, yesterday’s market was just flat out tough for a short seller, I doubt many with a short bias came out with a profit yesterday. Scaling back and being more patient on entries today, was totally wore out and tired after staring at FIT and JCP literally ALL DAY yesterday.

Today’s List: Full list from Yahoo Finance

Paragon Shipping Inc. (PRGN) -NasdaqCM

Target: Push towards $4.00

PRGN

LSB Industries Inc. (LXU) -NYSE

Target: Push towards $10

LXU

Groupon, Inc. (GRPN) -NasdaqGS

Target: Look to short into spike to previous highs, $4.70’s

GRPN

J. C. Penney Company, Inc. (JCP) -NYSE

Just watching now, tried it yesterday but its just not ready, waiting for backside.

JCP

ZIOPHARM Oncology, Inc. (ZIOP) -NasdaqCM

Target: Push to $10

ZIOP

Career Education Corp. (CECO) -NasdaqGS

Target: Pop’s to $4.25

CECO

Eyegate Pharmaceuticals, Inc. (EYEG) -NasdaqCM

Target: Any pops

EYEG

Trade Notes: $ENOC 2-25-2016 – 2-26-2016

Notes:

2016-02-25 9:45 am – Started SS @ $6.31, try and let it work out and add later.

2016-02-25 9:55 am – Should have added into the $6.20 perk.

2016-02-25 10:03 am – Add @ $5.97

2016-02-25 10:20 am – Nat Gas numbers coming up, cover any washes.

2016-02-25 10:30 am – Hmm thought this would track with Nat Gas more, apparently not..

2016-02-25 10:58 am – Trying to add into pops for fade under $6.00

2016-02-25 3:49 pm – Not working, too patient small size look to attack tomorrow.

2016-02-26 3:13 pm – Silly overnight hold, but after waiting literally all day its finally starting to work.

2016-02-26 3:18 pm – Duh just realized it hit SSR need to get out ASAP.

Insipration for anything, but solid trading advice — Here’s The Strategy Elite Athletes Use To Perform At the Highest Level | Observer

“Don’t think about winning the SEC Championship. Don’t think about the national championship. Think about what you needed to do in this drill, on this play, in this moment. That’s the process: Let’s think about what we can do today, the task at hand.”

Source: Here’s The Strategy Elite Athletes Use To Perform At the Highest Level | Observer

How @joerogan Went From UFC Announcer to 21st-Century Timothy Leary | Rolling Stone

Not a lot of rhyme or reason there, but that’s just how Rogan likes it, and he does have his logic. “Everything we do or try to do, we try to do a better version of it all the time. We’re constantly looking to improve. It’s a big part of being a human being. And I think the podcast improves people, not only the people who listen to it, but me as well.”

Source: How Joe Rogan Went From UFC Announcer to 21st-Century Timothy Leary | Rolling Stone

Bruce Lee Doesn’t Care If You Die If You Don’t Do This One Thing

Written by someone being trained by Bruce Lee:

“Bruce had me up to three miles a day, really at a good pace. We’d run the three miles in twenty-one or twenty-tow minutes. Just under eight minutes a mile [Note: when running on his own in 1968, Lee would get his time down to six-and-a-half minutes per mile].

So this morning he said to me “We’re going to go five.”

I said, “Bruce, I can’t go five. I’m a helluva lot older than you are, and I can’t do five.”

He said, “When we get to three, we’ll shift gears and it’s only two more and you’ll do it.”

I said “Okay, hell, I’ll go for it.”

So we get to three, we go into the fourth mile and I’m okay for three or four minutes, and then I really begin to give out.

I’m tired, my heart’s pounding, I can’t go any more and so I say to him, “Bruce if I run any more,” — and we’re still running — “if I run any more I’m liable to have a heart attack and die.”

He said, “Then die.” It made me so mad that I went the full five miles.

Afterward I went to the shower and then I wanted to talk to him about it.

I said, you know, “Why did you say that?”

He said, “Because you might as well be dead. Seriously, if you always put limits on what you can do, physical or anything else, it’ll spread over into the rest of your life. It’ll spread into your work, into your morality, into your entire being. There are no limits. There are plateaus, but you must not stay there, you must go beyond them. If it kills you, it kills you. A man must constantly exceed his level.”

If You Don’t Do This One Thing