RBI
1
RBI May 28, 17 11:11 AM

That would be a one year breakout. There are also other timeframe breakouts. The 1 month breakout would be 0.97.

Kody
1
Kody May 28, 17 2:00 PM

You can look at multi month or year chart and see if the stock has a history of spiking too, perhaps it spikes and meets the same resistance and then goes back down. If the stock breaks that resistance it could have legs and keep going. Tim also mentions that short squeezes can occur often on Friday afternoons because it can be risky shorting over the weekend & expensive.

BirdsAreWild
BirdsAreWild May 29, 17 9:29 AM

Delving into shorting will be next on my list to learn.

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BirdsAreWild
BirdsAreWild May 28, 17 8:13 AM

During the months of May, June, and Oct-Feb I have to spend a lot of time with my current job. I have been spending all of my free time watching vids and reading. When I only have an hour after the market opens I have found that is not really enough time. I realize that it is difficult to set a weekly or monthly income goal from this but I am looking to learn enough to replace current position in the future. Hopefully I can learn enough to be confident enough to trade more and reach an incom

BirdsAreWild
BirdsAreWild May 28, 17 8:13 AM

and reach an income of 10k a month after a year or two.

FinDinkle
1
FinDinkle May 28, 17 11:34 AM

This is where I'd like to be eventually as well. Keep up the hard work!

Torkers
1
Torkers Jun 02, 17 9:27 PM

If Youre dedicated and study hard i belive that it is possible

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RCTrader
1
RCTrader May 26, 17 10:17 AM

great notes, in same boat, have been a value investor for so long have to try and get my head around unlearning years of value investing.

ZachR
1
ZachR May 26, 17 11:08 PM

Thanks for posting look up trader checklist by tim on YouTube if you haven't already.keep on keeping on.

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BirdsAreWild
BirdsAreWild May 17, 17 4:47 AM

Do you pay a monthly fee to use Stocks To Trade for paper trading?

HeathenSaint
1
HeathenSaint May 17, 17 9:00 AM

@birdsarewild I think you pay a fee for all-inclusive use of the software. I just went ahead and dropped the coin on the 14-month discounted subscription for Tim Challenge students

BirdsAreWild
BirdsAreWild May 17, 17 6:54 PM

I think I will do that too as soon as I learn Think Or Swim. So much to learn and only so much time.

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BirdsAreWild
1
BirdsAreWild May 18, 17 10:43 PM

I think I have the three patterns that I am going to follow. Dip buying, short selling, and up-trending. Those seem to be easiest for me to learn with.

WolfOfProfitLy
WolfOfProfitLy May 19, 17 8:25 AM

Thanks for the link, when I get enough money for a margin account, I will also look into short selling.

BirdsAreWild
BirdsAreWild May 27, 17 4:38 AM

I don't have enough for a margin account either. :)

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Abdou
1
Abdou May 15, 17 10:22 PM

I have not tried paper trading ,I have gone straight LIVE , there no problem trying though! If you kind of not confident enough to go LIVE ,you may consider ,going LIVE with very small positions 50 shares at a time once you gain momentum and confidence you can scale your trading .you need to test the waters dear trader. TIP dont test the waters with both feet,dont put all your eggs in one basket .Good luck ! Remember ,as Tim says CUT LOSSES QUICKLY IF YOU HAPPEN TO HAVE A TRADE GOING AGAINST YO

russbakr
2
russbakr May 15, 17 10:44 PM

Trading is easy. Pattern Recognition also easy. Mastering our own Psyche .. thats the true test

BirdsAreWild
BirdsAreWild May 16, 17 4:22 AM

That is the hardest part Russ and I am working on this. Focusing on investments of different kinds for over 30 years requires a different mind set than day trading. I will be a winner and will master this.

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HeathenSaint
1
HeathenSaint May 15, 17 8:59 AM

Sounds like you're on the right track. I really like the SUPERNOVA pattern. So far it seems like the Holy Grail of chart patterns.

BirdsAreWild
BirdsAreWild May 15, 17 9:11 AM

I think that everyone likes the Supernova pattern. I would love one of those. Right now I am focusing on 10%, 20% and 30%. I am a big chicken shit and don't want to lose money. This will probably hurt me in the short term in the event something goes to 50% or 60% but that is okay. Pennies make dollars and earning in small amounts will add up.

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russbakr
russbakr May 14, 17 3:10 PM

that ASV is a one day chart. look at the multiday multimonth for "messy" charts. one day dont mean nothing.

HeathenSaint
HeathenSaint May 14, 17 6:25 PM

Right on. I think ASV is too new to have stats beyond that 1 day.

BirdsAreWild
BirdsAreWild May 15, 17 4:05 AM

I would stay away from ASV right now. They don't have anything extremely new. I would wait a bit to see what happens with them.

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