Kerry57

@papajohn Hello John, We talked a bit yesterday in the chat room. Since then I've read your blog posts and have been reviewing your trades to understand your recent success. For example, I see exactly how you played SLTK; in at 1.92 around 3pm and out during the next morning gap up. Perfect! And $AMPE...I had been watching that for a swing for a week but didn't recognize what was happening: On 12/18 it perks to 3.18, retreats and bases at 2.60, then slowly grinds until 12/26 when it breaks thru that previous high and finishes strong before running to nearly $5 a couple days later. So I was watching that stock but didn't understand how to make a plan based on the history of the chart. Thank you for helping me understand what to look for. Two questions: 1.) How did you find/watch SLTK? It wasn't up that much and I don't remember seeing it on the % gainers scan. Hot sector? 2.) When looking at a chart for previous areas of supt and res what time frame do you use? Do you look at a 1yr chart for an overall feel and then work back to 90 days, 30 days, etc to find definitive res areas that signify potential breakout levels? Or is it more about finding stocks that are up-trending and finishing strong after 2PM? I hope you don't mind me asking some questions. I've been a challenge student for 10 months but have mostly floundered because I haven't been able to nail down a pattern that works for me. I'm under PDT so your success story really inspired me and I intend to turn my trading fortunes around by following your lead. In addition to reviewing your trades I'm watching Trading Tickers over the holiday weekend and hope to really focus on the multi-day O/N runners in 2018. Wish me luck! Thank you again for your insight in the chat room and for any further advice you may have. And congratulations on your awesome turnaround. I look forward to seeing you hit the $100k level. See you in the chat room. Happy New Year! Kerry in MI

Received 2 Karmas
papajohn
papajohn Dec 31, 17 4:53 PM

Looks like my comment got cut off. That's really annoying. I make my initial decision to look further into a chart based on the daily one year chart. And I find the breakout level based on the daily candles. I don't usually wait until after 2 pm to buy, although that may be a better strategy. I've found that waiting until around noon is usually good enough to see if the b/o will hold and then I am in it if it perks up around 1 pm like a lot of them will. Otherwise it might go too high above the

papajohn
1
papajohn Dec 31, 17 4:55 PM

It might go too high above the breakout level for me to find a risk level I am comfortable with. Gritanni trades these fairly quickly as a day trade, while I try to swing them for a night or two. But the setup he looks for detailed in his DVD is exactly what I look for. Good luck!

Kerry57
1
Kerry57 Jan 02, 18 2:19 PM

Thankl you John, I just finished Sykes' How to Make Millions DVD but was a tad disappointed in that one. I will be watching Gritanni's Trading Tickers ASAP and will try and understand what has been working for you. I hope you don't mind if I ask a question now and then. Best of luck with your trading in 2018!

papajohn
papajohn Jan 02, 18 5:49 PM

The thing to be careful of is that just because it is working for me doesn't mean it will work for you. We are all different and so much of trading is about psychology. So you really need to track all your trades and see for yourself which setups you have the most success with.

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