Travis_Rios

Downsized a bit, one because I felt some bad habbits starting to creep back, and two because it's such a scam company. Definitely woke up at 4am to for fear of an offering

ATXTrader
1
ATXTrader Mar 18, 22 10:52 AM

Thanks for your chart .Your entries and exits look good/disciplined. Looks like you bought Thursday afternoon sand then changed your mind before it failed so nice instincts on that. Great info to learn from

Travis_Rios
Travis_Rios Mar 22, 22 6:51 AM

Yes I was running and downsized in the 1.80s when I checked my phone and saw it dipping, but when I got back home saw it was holding up so re-added some. Still improving!

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reedgolf19

Decided not to trade last Friday because of the string of losses and have decided to take all of next week off and come back strong November 1st. Trading is a lot more than just having a good strategy. The last couple weeks have been user error’s with me specifically. Although I don’t use a lot of Tim’s strategies- the mentality he has is important to listen to. PROTECT your gains. Don’t trade setups that are not As or at least Bs (since I scalp more). Do NOT get greedy. I got used to the 10k days and wanted more and more and more to the point it got uncomfortable and I was risking more / taking on setups I shouldn’t. I got careless this past week with a SPAC play and a sister stock- didn’t look at all of the news and was quick to get in. DO NOT get complacent. Always remember where you came from- when 1k a day was awesome and 3k a day etc and remember the things trading allows you to do. You can make money (a lot of money!) from your home and in just a few hours a day. It’s truly an amazing thing. I am coming back in November with a green light, yellow light, red light mindset. Everyday starts with a green light- go make your minimum profit goals safely, then yellow light goes on where there’s no need to trade the rest of the day unless the setup is an A. Then red light is after 5:00 pm no trading ever and red light when I’m busy with other things and not 100% engaged with trading. I think this is going to help me grow consistently again and safely moving forward!

Received 7 Karmas
holtzy
holtzy Oct 28, 21 12:00 AM

Attaboy. Thanks for the post. I am inspired by your transparency. Love it.

BBaccSoon
BBaccSoon Oct 29, 21 10:13 AM

Been really digging your trade review podcasts with reverselong, you're gonna bounce back from this.

ATXTrader
ATXTrader Nov 17, 21 12:53 AM

good for you to take a step back. Some of my biggest losses were when I was trading while preoccupied by household problems that required my attention.

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reedgolf19

BIG FINDING: As you all know I am a short seller but I get in and out and average up on my trades many times (intentionally) and cover on the first large dip/snap. That is very general but you get the gist. I ran all of my numbers on every trade I have held overnight for the past 6 months and found out I am down $144k on them. I also found that if I would have covered every one of them the next day at the low of day I would only have been down 42k on these swings and if i covered at the absolute high of day the second day (would be better of course) I would have lost 140k. This means that even though I am winning 81% of my swing trades after getting squeezed there is absolutely no reason to swing them more than a second day. You get out for the loss and move on. My 19% of losses get too big when I am getting squeezed and it mentally drains me along with taking up buying power. Overall - no holding more than a second day unless I am 99% confident on it. One other note: growing parabolic can be stressful. You continue to size up more and more for percentage of account but of recent I got uncomfortable with some of my larger position sizes. Parabolic is great and I will continue to strive for that but I am toning it down a bit and focusing on consistency - less large random losses - and continuing the green days day in day out. This comes after getting squeezed on NXTP last week and a 52k loss on HX where i was stubborn (havent posted it yet). Good luck to all! Learn from me.

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reverselong
1
reverselong Oct 19, 21 10:47 PM

by going over the data on simple metrics you found something out that you can implement right away. nice work. The comment on the sizing up, you hit the nail right on the head. You did take it as far as you could though. Now you just gotta work your way back to size and feeling comfortable with it. You're still killing itt! NXTP is about to be demolished for good hopefully Lol

HolyDonuts
HolyDonuts Oct 19, 21 11:01 PM

Great post Reed, you are an immense help

Kingsalini
Kingsalini Oct 20, 21 7:09 AM

Appreciate the insight my G

ATXTrader
ATXTrader Nov 17, 21 12:56 AM

constant analysis is so helpful throughout our trading journey. Thanks for sharing your thoughts on the stress involved in parabolically growing your account. Come back stronger!

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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.

Received 3 Karmas
samputnam
samputnam Sep 09, 21 9:01 AM

congratulations. thank you

ATXTrader
ATXTrader Sep 12, 21 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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