reedgolf19

MONTHLY RECAP: 134.2K in profits. 247 wins and 12 losses on trades. Average win was 5.19% for the month. Lots of good things - keeping it rolling. REMEMBER: if you do the exact same trades.... and have an average position size of 5% of your accounts value, win 90% of your trades, wins being 5% and losses being 5%, and trade 200 times per month... your account will grow 40% MONTHLY. It is insane. This is my goal every month and I have not been perfect but I have grown 32% per month for 7 months this year. This is how an account grows parabolic. We will see based on market conditions, my personal trading, and shares available how long I can keep this going.

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samputnam
samputnam Sep 09, 9:01 AM

congratulations. thank you

ATXTrader
ATXTrader Sep 12, 10:37 PM

this is sooo inspiring. I've been paying attention to you in chat. You're strategy certainly is paying off with exponential account growth. I will continue to pay attention and hopefully learn your strategy.

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ATXTrader
ATXTrader Aug 30, 11:44 PM

Good question - I'm not finding them on my scanner. I'm actively going through my watchlist of former runners and looking at the daily chart for this pattern potentially to set up. Jackaroo did something similar and he talked about it in his challenge webby in January, I think it was (it is a great webby!) where he said he looked at ALL the OTC tickers over one weekend (after a week of crazy heavy trading, mind you) looking at the daily to chart to see these setting up. Jack is so inspiration

ATXTrader
ATXTrader Aug 30, 11:47 PM

Jack is so inspirational to me. anyway, I did go through my watchlist a few weeks ago and that's how I saw RGBP setting up and look at what id did (doubled from .03 to .07). anyway, I need to go through more daily charts of tickers to find more of these that may be setting up. Also note, that I edited the post to make note that the ramp does not need extra volume or a catalyst for this pattern to work. Thanks for asking!

ATXTrader
ATXTrader Aug 30, 11:52 PM

Update: RGBP failed today and I would have cut the last 25% of my position for a smaller gain. It did exactly what this pattern proves. The ticker doubled and reached the b/o level with no news and no excessive volume.

moneymaking1043
moneymaking1043 Aug 31, 12:41 AM

i was very close to buying RGBP or RGBPP but didn't pull the trigger and ended up missing out on 50% profits

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ATXTrader
2
ATXTrader Mar 11, 12:31 AM

from what you said, you "triple dipped". I don't even like to double dip (buy a stock right after i sell into profit. but that's relative to if you think it can go higher and it proves that by hitting higher. on a stock that is halting and on your third dip, your size should have been way smaller (1/4 to 1/2) normal position size especially since it is halty. that's my take.

DrNate
DrNate Mar 11, 8:23 AM

yes, should have made each new position smaller instead of larger. thanks for your comments.

Guisseppina86
Guisseppina86 Mar 28, 1:28 PM

Dont beat yourself up too much! I made a lot of my 36k on nasdaq! So Im wondering if I will be as good at OTCs!

Guisseppina86
Guisseppina86 Mar 28, 1:28 PM

I done this too made and then bought in again - worst thing to do the higher it gets! Chasing x

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Pharaoh_trades

OTHER COMMENTS AND NOTES: 1. Should never take full position size like that on front side of move or even on a first green day stock. Also, the risk is based off of 10000 shares. keep in mind a position size like that means that it is an A+ set up for me with solid tight risk. on average i am taking 5000 share positions.


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cottage242
cottage242 Jan 20, 6:21 PM

I disagree with you. When you sit and watch yourself allow a $60K loss, then you need to step back for a bit and take a smaller size. It's easy to say you know why after it happens, but consider another possibility that maybe you were in too many trades at one time? Just food for thought and I bet your 2021 is going to be record for you.

ATXTrader
ATXTrader Jan 20, 6:26 PM

good explanation of how shorting can produce extra large losses. Thanks.

Faizi
Faizi Jan 20, 8:25 PM

nice video - am still learning but on a losing train so far. but good lesson

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StockDiver
StockDiver Aug 02, 5:32 PM

Jack, This such a moving story an to close to home relating wise. I can not be more happier for your with the trials and tribulations you have gone through. One day, I look to tell a very similar story. Thanks for your leadership!.

TomLow
TomLow Sep 06, 7:04 PM

thank you for sharing. Something like that stays in the memory

Aceyducey56
Aceyducey56 Sep 19, 4:36 AM

Persistence is the key is what I gather from your inspirational story

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italTRADER
italTRADER Apr 13, 6:14 AM

i don't know how to use these karmas i receive them so i hit the link and here I am. I don't know if this is correct but here's my message "how are you enjoying this challenge chat room - I'm soooo hooked!"

Points
Points Jun 18, 6:33 PM

Very insightful strategies and amazinlgy well put together thanks!

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