BoringOldGuy

I have cleared out all my trades from before October 2023. The trades were old and have no bearing on what I am doing now. There is a new trading plan, new results and potentials. I've decided no losses! You may call it bag holding, you may call what I do scalping, and I'm OK with that. This is my plan and what I'm doing. I'll get into more detail as we go along. The plan is simple, I'm using RSI & a 9 EMA combinded with movement to find entries and taking profit once I cross the 1% mark. When I say no losses, I mean no losses. I am only taking trades with a small set of companies. These are a growth companies that are solid and make decent size daily moves. I will hold until I hit that mark. Hours, days, weeks. Until I hit it. No losses. My worst trade so far was Exxon. Geez! Months, you'll see that in my trade history. Hope you follow along.

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BoringOldGuy

Wow!! What an amazing few years. I’d forgotten about this platform. I’ve been actively trading again since October 2023 and will start posting again. I’m taking small consistent gains and avoiding losses. I’ve almost killed the FOMO bug, quashed the greed virus and have gained patience. I’m not here for a big win, only solid, smart growth. It may seem weak to some, and I’m ok with that. Enjoy! I’ll get my trades posted.

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BoringOldGuy

I'm back after a bit of a break. COVID got me going again. I'm not following any rules but my own and plan on building to 1 million on my own terms. I have a blog (twelveandtwo.blogspot.com) going where I am talking about all my trading and I am using Profit.ly to post my results. Enjoy!

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bram101
1
bram101 Sep 02, 18 1:49 PM

I would suggest not trading the stock higher then $5-$6 as I see you have a small account , I’m not saying don’t trade them. If there’s a good enough opportunity go for it , but otherwise stay away.

bram101
1
bram101 Sep 02, 18 1:51 PM

If you make let’s say 0.20 on a $3 stock with a position size of 500 shares you make a quick $100 - fees around 70 bucks I would say not completely sure...

bram101
1
bram101 Sep 02, 18 1:52 PM

Tracking your trades good! :)

BoringOldGuy
BoringOldGuy Sep 05, 18 8:51 AM

@bram101 Thanks. I've been tracking since I began. Doing more in depth analysis now that I have STT. Most stocks I'm looking at under $10. With $CRON being in a hot sector, I don't think it's a bad idea to keep on my watch list.

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Received 2 Karmas
BoringOldGuy
2
BoringOldGuy Jul 03, 18 9:00 AM

The Alexander quote is great. One we could all learn from. It's tough to get past it.

Madbash
Madbash Jul 07, 18 10:45 AM

@JeepTrader I feel like it is impossible to fully control your emotions, but you can observe them and learn to act on your plan before your "feelings" get involved. We are all happy when we win, and sad when we lose, but if you keep your risk in check you will avoid the most painful of plays. Be mindful of greed and fear, that is the true objective.

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