Holdmytexan

Well had a small red day today mainly because I stayed in my morning $AAPL calls longer than I should have and lost around $70. Not huge percentage or dollar wise but the signs were there that this wasn't going anywhere, but I was trying to limit the loss by catching a bounce that didn't happen. I did get out even before my hard set risk level and then later in the day bought the puts about 20 minutes before the close and made most of that back while not holding anything overnight to be safe. Even though I didn't let my loss run, the lesson I need to take away from today is to get out earlier when I know the trade will not work, that would have saved me a few dollars but more important to me was the time waisted watching a bad trade. I am however very proud of my second trade even with a very small position. I had a plan and followed it without risking anything overnight. I'll probably be watching this for a potential morning play since I've decided to leave a little bit later to head home in the morning. Stay safe everyone and study up!

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Holdmytexan

Had 2 pretty good trades today even with bad internet. Total of $155 before fees and left some on the table with $AAPL but I was getting frustrated in the morning session with the very bad wifi lol. Overall happy with the 2 wins and still improving as I go through this journey. Really enjoying my trip also but I'll heading back home Wednesday morning so probably won't be trading that day. Stay safe and keep studying everybody!

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Windwalzer
Windwalzer Sep 07, 10:41 AM

Thank you Mark. The way you explained the first red day, the green trend to straight up to a downside, how the market follows the $QQQ, $SPY, etc. Showing how they can trade like the penny stocks, Very helpful.

dumbtrades
dumbtrades Sep 08, 9:51 AM

love the explanation and showing me how we can use the patterns on higher price plays as well

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dumbtrades
dumbtrades Sep 07, 12:45 PM

understanding that the patterns are the most important and what matters most in the long run always have to be doing all this every single day always have a plan and having a thesis and pulling the trigger

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Raylbc27

SPX closed below the monthly trendline after failing the hard 2520-2525 resistance area I mentioned. Can be volatile overnight. $AMZN $AAPL $TSLA broke major supports into the close today. So keep today's low on watch as a key level now on all 3.

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