{"id":1191,"date":"2018-08-27T03:00:17","date_gmt":"2018-08-27T10:00:17","guid":{"rendered":"https:\/\/www.steadytrade.com\/?p=1191"},"modified":"2019-04-05T11:57:47","modified_gmt":"2019-04-05T18:57:47","slug":"ep-57-sykes-sliding-scale","status":"publish","type":"post","link":"https:\/\/www.steadytrade.com\/ep-57-sykes-sliding-scale\/","title":{"rendered":"The Sykes Sliding Scale"},"content":{"rendered":"\n

Today, the Steady Trade Podcast is offering up the seventh installment of a new series wherein hosts Tim Bohen and Stephen Johnson are their favorite trading resources, and more specifically- the Sykes Sliding Scale (SSS). <\/span><\/p>\n\n\n\n

In the past several episodes, they\u2019ve been featuring <\/span>Trader Checklist<\/span><\/i> clips from Tim Sykes, complete with commentary and discussion. Be sure to check out this episode on YouTube to see the accompanying video! <\/span><\/p>\n\n\n\n

About <\/b>Trader Checklist <\/i><\/b><\/h2>\n\n\n\n

Trader Checklist<\/span><\/i> is a video by Tim Sykes which features 14 chapters of invaluable trading information. It\u2019s available for free online, so don\u2019t miss out!<\/span><\/p>\n\n\n\n

Awesome Giveaway!<\/b><\/h3>\n\n\n\n

To enter, first you need to watch <\/span>Trader Checklist<\/span><\/i>. Then, at the end of this multi-part episode, you\u2019ll be invited to take part in a quiz based on the <\/span>Trader Checklist<\/span><\/i> clips. Listen to the full episode for more details! <\/span><\/p>\n\n\n\n

Let\u2019s put <\/b>Trader Checklist<\/i><\/b> to work! <\/b>In today\u2019s clips, Tim Sykes discusses actual stock plays and how he uses the SSS (Sykes Sliding Scale) to rate them and decide whether or not to make trades.<\/span><\/p>\n\n\n\n

Clip:<\/b> Tim Sykes talks about how to look for big gainers. His method? Using <\/span>StocksToTrade<\/span><\/a> to monitor the stocks and looking for catalysts to see when he might have a good entry. <\/span><\/p>\n\n\n\n

The Steady Trade take:<\/b> Tim is first to admit that since he works for StockstoTrade, he may be biased. Nonetheless, he and Stephen agree it\u2019s the ultimate tool for momentum traders. <\/span><\/p>\n\n\n\n

They also talk about what to look for in momentum stocks and offer cautions about what discerns an earnings winner that is truly gapping up on volume. <\/span><\/p>\n\n\n\n

Clip: <\/b>Here, Sykes shows a 2-day chart of a stock and reviews the company\u2019s news and filings, showing you how to determine if it\u2019s a good investment. <\/span><\/p>\n\n\n\n

The Steady Trade take: <\/b>Tim and Stephen talk about why the past performance is so important to review when considering a trade, and they also discuss how this trade stacks up on the SSS (Sykes Sliding Scale).  <\/span><\/p>\n\n\n\n

Clip:<\/b> Tim introduces another chart and discusses the pattern price of the stock in question, evaluating whether it\u2019s a breakout or simply overextended. Is it worthwhile to invest in a company with a decent score versus a great one on the SSS? <\/span><\/p>\n\n\n\n

The Steady Trade take: <\/b>Hosts Tim and Stephen find it fascinating to see Sykes break down a trade, and talk about what they disagree and agree with and whether or not they\u2019d buy in this scenario.<\/span><\/p>\n\n\n\n

Clip: <\/b>Tim introduces a \u201cbad sushi\u201d example (as discussed in <\/span>Episode 55<\/span><\/a>) of a trade. A stock has spiked, but the pattern and the price are not ideal and are not his pattern. <\/span><\/p>\n\n\n\n

The Steady Trade take:<\/b> The hosts talk about the obvious cons, but potential pros, of a desperation play. If a stock only has a 50 rating on the SSS, what is a trader to do? <\/span><\/p>\n\n\n\n

Clip: <\/b>Tim talks about how if he misses a morning spike, he\u2019s not going to force the trade, but rather, he is going to ask \u201ccan it spike again?\u201d. If you\u2019re not sure if you\u2019ve missed out on the peak time to make a trade, it may be the best idea to sit this one out.<\/span><\/p>\n\n\n\n

The Steady Trade take: <\/b>Stephen and Tim discuss an important topic: is it better to try to make a trade, or to deal with FOMO?<\/span><\/p>\n\n\n\n

The Quiz results! <\/b><\/h2>\n\n\n\n

Last week, Tim and Stephen offered up a ticker to test the Sykes Sliding Scale, with the opportunity to compare your results to Tim Bohen\u2019s in this week\u2019s episode.<\/span><\/p>\n\n\n\n

In the episode, you\u2019ll get the full details on the quiz, but here\u2019s a cheat sheet:<\/span><\/p>\n\n\n\n

  1. Go to <\/span>profit.ly\/sss<\/span><\/a><\/li>
  2. Test the ticker CVSI as if you are making a trade on Monday, August 6th 2018 during the late day. <\/span><\/li><\/ol>\n\n\n\n

    In this week\u2019s episode, they go through the SSS criteria one by one and Tim gives it his rating. Listen in and see how your results stack up! <\/span><\/p>\n\n\n\n

    Got questions?<\/b><\/h2>\n\n\n\n

    Got a question for Tim and Stephen? Visit the <\/span>\u201csubmit your audio\u201d<\/span><\/a> portion of the website to ask us anything.<\/span><\/p>\n\n\n\n

    Thanks for tuning in to the Steady Trade Podcast! Stay tuned for weekly episodes focusing on topics relevant for aspiring traders! <\/span><\/p>\n\n\n\n

    Did you love this episode? Be sure to leave an <\/b>iTunes review<\/b><\/a>!<\/b><\/p>\n\n\n\n

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