Made smarter trades today by following my trade plan on $RNWK and VBIV . $RNWK bought at $1.50 in a morning dip expecting a .40-.50 cent spike that never happened so cut losses at $1.48 after giving it a lot of time to break through resistance. VBIV I bought after a small panic at $3.99 and added at $3.91 but never got any movement. Rebought VBIV after it dipped into the 3.60's at $3.71 but when it failed multiple times to break through 3.83 resistance I sold for a minimal profit at $3.75. I'm happier with the decisions today and look to keep growing as a trader!
Small gains add up
Watching And Analyzing!
small gains add up
"Big things have small beginnings" - I love this. Thanks for the lessons
Entry comments: New partnership with NTT Docomo to handle coronavirus, spiked big to the 1.60s, small position, goal is to make 10-20%, ideally retest of day highs, no PR yet so this will spike when the PR comes out, thank you http://tim.ly/breaking for this one
Exit comments: No followup bounce so I play extra safe, probly gotta wait for the PR but no idea when that'll bee, just protecting my $2k in profits today and trading extra-safely
Are you expecting PR on this today?
PR?
Thanks Tim!
I suppose knowing the language that an article is in will make you like it more or less. Thank you.
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Thanks Tim
Watching And Analyzing!
Watching And Analyzing!
I will learn from losses.
I will learn from losses!!!
@timothysykesI will learn from my mistake. And from watching other traders' mistakes.
$RNWK continues to downtrend so glad I cut losses FAST
Entry comments: I'm buying this late morning breakout on a stock with seemingly huge news here https://tim.ly/2Adcf8e related to the coronavirus pandemic, taking out morning highs around 2.15, goal is to make 5-10% on this, being conservative due to time of day
Exit comments: Not my day at all, cutting losses here on failure to convincingly breakout past morning highs of 2.15, all I can do is cut losses quickly and not let small mistakes turn into potential disasters, for all my losses, I've lost less than $1k today so not too bad considering recent gains
Not too bad ? You got this too a science @@bamf.com
Would you say you were correct just early, looking at the chart now? Thank you.
Thanks Tim!
Thanks. you cut loss quick.
MY trading recap today so far: https://tim.ly/3g2YOrK also $SPOM SHRMF $RNWK from my Friday buys all spiking 20%+ each, this market is just awesome, retweet/fav if you love it too!
Entry comments: As I said in chat, this is spiking on CNET article about facial recognition with masks, company they own claims to solve it https://tim.ly/2Z66nrH goal is to make 10-20%, could be quick, already hit the 1.35s I would love to see it test that #
Exit comments: Small loss on this one, I'm overtrading now so gonna quit while I'm ahead, recognize that can happen when you're on a hot streak, you gotta pull back and protect gains, saving my $23k profits this week
I got in at 1.28 and feel like a dumbass because i still have it. It’s a tough lesson on cutting losses quick, it went down so fast it was like a red blur. Guess if i try something like that again, gotta get the sale order ready as soon as ya buy because there’s practically no time to think in a freefall like that. Not something I can learn in a video, either. I guess I am the type i have to learn the hard way.
The backside doesn't look that bouncy. Normally trades 160K traded 4.76M. No news on STT but that CNET article, good one. Thank you for showing me the way.
Thanks Tim!
Thanks. Tim. I am getting better now to cut losses quickly. not let it became big lost.
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