Received 1 Karma
imthetrader
1
imthetrader Aug 05, 22 1:47 PM

Wow, I feel yours as well, it seems we both fell for the same trap. Thank you for your support, it means a lot.

8Munstercheese
1
8Munstercheese Aug 05, 22 7:09 PM

I got into the same trade at noon today. I took a rather large position at $3.04. I also took a pissed off loss at $2.44. This wasn't the only loss I took today. In total I'm down $173 today. It was a %16 loss on my overall trading capital. Be happy you can afford a margin account because I can't. Ask your broker about cash accounts if you only take long trades. Cash accounts have allowed me to take more trades when the opportunity comes up. Hope your are okay. The stock market rips 90% of peop

8Munstercheese
1
8Munstercheese Aug 05, 22 7:14 PM

*The stock market rips %90 of people off and I'm one of those people .. I've lost over 40k since beginning my trading journey in 2017. I just love it and hate it.

imthetrader
1
imthetrader Aug 05, 22 10:40 PM

The cash accounts is definitely the way to go, I recently found out. The downside kinda sucks but not as bad as the PDT if done right I'm assuming. Sorry about your losses, I hope that's including the tuition

Join now or log in to leave a comment
Received 1 Karma
8Munstercheese
1
8Munstercheese Mar 10, 20 12:12 PM

I love how you think dude. Wish I would have played the short side of the whole economy because of this coronavirus and the fact that it affected the whole economy so negatively. I don't have a margin account now so I tried to play the bullish side of some of these Corona stocks. They still got shorted out. Shorted and sold, shorted and sold. Buying stocks feels like putting dollar bills into a paper shredder anymore. Good job DSavage

DThaSavage
1
DThaSavage Mar 10, 20 6:13 PM

@JBMcMiniMeMcMunstercheese i appreciate it bro....yea going long for me just never worked.. i always seemed to get in at the wrong time, either right at the top or during boring sideways price action that eventually dropped. Lol then when i started shorting, I was risking way too big of positions. I feel like its starting to come full circle now. And believe me I know the feeling of not having a margin account for a while, i just took the time to save my money and study my ass off until i could

Raylbc27
1
Raylbc27 Mar 11, 20 2:55 AM

Shorting comes to me easy also! You just have to go with your trading strengths are and mines is shorting pops in the market and pumps

Join now or log in to leave a comment
Received 2 Karmas
Raylbc27
1
Raylbc27 Mar 11, 20 3:09 AM

Maybe should start trading with a paper account for awhile until you feel confidence again.. Are you reading books like chart your way to profits or trading for a living or Have you looked at Tim videos? There is ALOT of multiplication going on so you need to be ready to turn the other way on a dime. Check out this book. I had to read em to get an idea how to think and how this market game is really played https://www.amazon.com/gp/product/0071614133/ref=as_li_tl?ie=UTF8&tag=akim1121-20&camp=1

Raylbc27
1
Raylbc27 Mar 11, 20 3:14 AM

And just to let you know i was just trading to be trading 10 years ago until i found this chat and was down close to $20,000. I took a step back for a 6 months and did nothing but read those books and paper trade and i saw my gains were getting better and eventually i got my $20,000 back and more. You have to go in a trade WITH A PLAN. If the plan don't work you cut loses quickly! There will always be another trade..

8Munstercheese
8Munstercheese Mar 11, 20 11:20 AM

@Raylbc27 & @zinedu5.. Ray you are exactly right. I need to trade with a better plan. A lot of my plan does not consist of losing. Cutting losses is a lot easier said than done. Yes I've I watched all four of Tim's DVDs I have. Tim makes it look so straightforward and simple. I get excited. I realize how naive I am when I start researching my own tickers. The patterns are not easy to spot let alone predict. I know I'm lacking fundamental knowledge as far as market cap and float and shares traded

8Munstercheese
8Munstercheese Mar 11, 20 11:26 AM

TAB. I love it! I certainly need to find a pattern that works for me. Recognizing it and order execution is a huge problem for me. I will learn these patterns. You both you have no idea how much the support is appreciated. I'll be buying all the recommended books. And yes I'm planning on six months of study before I make naive trades. Thank you so much, you guys are awesome!

Join now or log in to leave a comment
timothysykes

LOL only 10 of you realize $2k/day in this kind o market is good? C'mon retweet this https://tim.ly/39pHCck and learn not to be so greedy!

Received 1 Karma
8Munstercheese
8Munstercheese Mar 06, 20 8:54 AM

That's more money than I have to my name. Takes me over a month to make $2,000 working my JOB. Literally lose all three day trades in a matter of minutes and get stuck with bags. Stuck buying cup of noodles. Would love get some actual homework. Afford tuition. Make ya proud. You're the only guidance I have unfortunately.

Join now or log in to leave a comment
timothysykes

$74 profit ENRT Long Stock

Entry comments: This Lithium play is breaking out of a multiday base in the .03s, spiking 50%+ today already on record volume since Tesla is hitting alltime highs and this old ENRT news is being spread around on social media https://tim.ly/2txjIMu how their lithium is useful for electric car markers, see tweets like this https://tim.ly/2ShE98j and that makes me think this can go Supernova, a potential 50-100% more in spiking this week, cut losses at .04 if it fails since its so speculative, solid upside though

Exit comments: No overnight press release and Tesla is dropping 7% at the market open on an analyst downgrade so I'm cutting this one for minimal gains...it was a 40% winner from my buy alert, but the big Supernova move doesn't look to be panning out so potential re-buy only when Tesla is doing better and/or they issue a press release that spikes the stock with volume. Good first test for Supernova Alerts, I'll do a video lesson with a full recap shortly

Received 15 Karmas
ryangagne
ryangagne Jan 05, 21 1:10 PM

Tim, time to have another look here at ENRT?

apatel0316
apatel0316 Feb 20, 21 3:41 AM

So many stocks have gone over 100% 200% and yet we haven't received any supernova alerts for week.

Join now or log in to leave a comment
Page
of 2