Is $Mgt considered millionaire play?
$WGBS - potential long for Monday? Thoughts?
$MHGC being acquired. What's the normal impact? Is this why it was a top gainer last Friday?
I think this is two good potentiel buy for monday ! I have not really look at it but MHGC had spiked on news. Check at this.
I've made the mistake of holding too many times. Take profits when they are there and get out when you start losing so you can move on to the next trade!
$ERX / $ERY for major oil producer moves (Exxon, Chess, Occidental, etc)
This morning, I got out early on all 4 positions. It was $0 net gain for MITK, and total of $300 loss for both AXU and BTG. XGTI delivered a pleasant $250 gain on the morning spike. Got good positions on SYNC and LGCY getting shares at near-low support. My mistake is not cashing before the day ends, risking it for the morning spike tomorrow. Was trying to save my 3 day trade limits for a good dip buy tomorrow.
@Amanditulo : / yeah it sucks having to keep a pile of cash around and not use it, BUT you have to think of that pile as actually making you money because you are more liquid and able to respond to changes faster.
Thanks for the video. I had a similar bad Monday after my best trading day last Friday.
Hey, thanks for posting this. I am sure plenty of people had a similar psychology in chasing today.
I know, I've done very similar things before... Good to see it explained out. Beneficial for everyone.
Thank you all for your response, def makes me feel better!
all of tim sykes' youtube videos.. they're free also.
@suckmysandals Yeah for me just learning by the video on Youtube of Tim Sykes , this is great ! It's free and i'm sure you will learn.
I also want to suggest this book called " trading for dummies" I went to the Sykes conference in Vegas last year and this book was recommended - I ordered the book and I will say that in addition to the videos great read!!! You can save money maybe seeing if at the library for use or order used on Amazon. The book was suggested by Superman Trades
As for as books go, my two favorites are "Market Wizards", and "Reminisces of a Stock Operator". Both were thrilling, and the later actually kept me on the edge of the my seat most of the way through.
I would be selling some into the resistance if it doesn't pop I would bail out since you got in so high and it is a mulitday move. Watch $DRYS and $PRGN to see if they are moving premarket if so you might be good if not I would prepare to cut losses. Would be nice to see it gap up
You gotta get more disciplined before you keep trading with size like this man.
I bought 800 shares at a 1.24 looking for a small gap up monday morning. I am not sure what it will do but I might chicken out and sell as quick as I can. But it is only 800 shares and I do not have any day trades until Tuesday so I might hold on for a bit.
I bought it @1.44 and sold @1.25 but it fell so fast I was so scared it went down to 1 so I cut loss right away
i made about 5k on it ..
Were r your trades now man was hoping to learn a lot from u ...?
@Amanditulo just became a fully transparent trader today!