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so this wall has alway's helped me get my thinking together so i'm posting today about how my motivation has been flagging a little *cough LOT *cough. lately. i'm still working at becoming a consistent trader, but i'm just finding it really difficult to keep studying, or to keep looking for pattern's amongst the panic's. which is the only setup that i'm looking either at or for. i'm starting to get to the point where it is only refining on my ability to read level two and read the t and s. and getting to the point where i'm confident with clicking the button. granted the last point is nowhere near yet. i'm still very nervous half the time to click. last friday i had a good trade opportunity which i didn't take despite it being a great setup on a multiday runner just like i like. and it was mostly me being nervous about taking a setup within a daily chart pattern that i havn't explicitly seen before. granted that this is a decision that is often well regarded amongst other trader's. but back to the point at hand. I wonder if this modicum of successwhere i'm buying at reasonably decent spots is hurting me in that i'm not getting optimised (by learning from and mostly analysing) chart's to generate new trading idea's. beat's me. i have been thnding to think that it's a temporary thing though due to my decision to drop my polytphasic sleep schedule this last week, which could be it very easily. we'll see though.

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ahhh i remember that last post, simply put, i wasn't so certain that i should give up on the morning panic's quite yet, so i took a few day's to see what a few other trader's were saying about the concept of abandoning ship on a pattern that you're close on. well kellogg mentioned that he would move on to learn another play, and i almost did, by the way he has some great video lesson's here on profit.ly i would recommend checking them out, but also i was going through some video's on youtube, and i found a interview of kyle william's with tim bohen, and it was a ray of sunshine. kyle talked about how he actually traded these thing's and bohen asked him how he set his risk? just the low of day crack? and kyle agreed! so i discovered that i needed to mess around with how i'm setting risk and planning before i'm entering a trade.(before i would mannually analyse all the different support and resistance level's the chart's revealed so i could determine where all the good buy and sell points were). so i decided that this month's goal would be to refine a intraday, daily, monthly, yearly review process, including a concrete process on how stock's move from scanner's and into my watchlist's, and developing a separate, specific process to explain what i'm doing while i'm watching a stock panic, which i later dubbed the button process cause it give's me the permission to click the button. button process: 1. chart: do i like the daily and 1 minute chart pattern, does it match the price action i've seen from good panic's and bounces in the past? 2. set the plan, how far down has it panic'd? set risk reward, set a buy price? (this is done at some point while the stock is panicing.) (lately i've been experimenting with different way's of doing this, i've tried manually checking to see if the risk reward is good, but it take's too long, so today i've tried eyeballing it, and it seemed to work ok, and i was freed up to look closer at the different support ressistance line's. ) 3. how do the volume candle's look? i have been using this to confirm my theory, if it's not perfect i will still buy. 4. get my order ready on schwab so all i have to do is click, or slightly modify the order if i have to. 5. level two, is the bid stacked? 6. emotion, is my mood in a state where i can respond to what the chart's gonna reveal to me? 7. click the button. i can already see the promise of doing it this way, and i've been practicing going through it on my screenshotted charts. it can be done pretty quickly. the review process for going from scanner to watch list isn't important nor novel so i didn't include it.

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Bubble Jul 11, 9:17 PM

by the way july goal is to start tracking my trading psychology so that i'm able to identify pattern's and hopefully figure out what emotion pattern's i use during my best and worse trade's.

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i've been attempting to learn morning panic's since the start of march. something tell's me that i'm chasing, but also i'm not so comfortable with trading morning run's, but i also acknowledge that i'm way too comfortable with staying within my lane and that is hurting me too. though i can't say that i regret focusing for these past 3 month's , cause that focus is what is needed to learn a new pattern. although perhap's what i need to do is get to a "closing point" where i can stop with morning panic's so that i can go back to them at a later date. that would be pretty simple i think, i would just need to get my panic's screenshot's taken all 173 of them -__- but if that's what it take's for me to move on... also this would probably be more of a delay tactic than anything else. i think what i truly need to learn is the breakout price action. as far as whether that is in a morning spike or a earning's breakout or a contract winner or a new's play. i don't know. but so far i'm doing pretty good with downside play's. and i'm not interested in shorting. so i need to learn an upside play. simple. though i would rather not learn another momentum play cause i've sucked at this last one what would be a innefficiency play that happen's intraday? well it doesn't, innefficiency play's are pretty much defined by o/n. so that would probably mean a earning's o/n play. yes let's look that up. we are absolutely approaching into the earning's season. so i want to get stat's on how often they gap after their first green. not to mention that i would need to actually get a read.... well i think that i've decided to very simply move on to breakout's and even more simply to answer the question, what does certain catalysts do for the markup periods for these stock's? how often do they gap up and is there an edge there? what do the chart pattern's look like overall? allthough if you have read thus far i would be amazed at your resolve to read through the rambling's that i myself find irritating to read.

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i've been having a harder time getting the motivation lately, these last two week's i've been doing the bare minimum, of just entering in data, and working with the only few play's that are worth my eye's. studying has gone to a standstill, and it's kinda irritating. but at the same time it seem's like i'm looking at all the play's that are actually doing anything. after GGII has gone down to nothing it's been rather boring as there's not much else, mjwl while being decent has been a weird play in it's own right. though not in a bad way, just behaved a little differently on it's first few day's and panic's. today's panic did behave perfectly though as it had nice cracking action, didn't go down as far as i wanted, but if i didn't feel like crap i'd have my trading software open and ready to go, but wheni saw thit it was the perfect panic it was allready too late. these momentum play's are irritating, and i'm not sure i'm gonna be able to keep watching them forevor. i want to start focusing on more innefficiency play's which i can be by far more relaxed on timing. the only one i can think of is a earning's winner. i'm still not trusting otc gap up's cause i just don't like how many of these thing's are gapping down on day two. i've thought of morning spike's, but i've also no way of finding the new's. i'm not willinng to spend 300 on stt breaking new's. so earning's play's are the only thing i can think of. which mean's that i'm gonna need to get some data real quick cause earning's season is only a week or two away. i knnow that's the right thing to do, but i still find myself watching youtube for hour's a day and not getting it done. it's a steep contrast to previous time's when i've needed a break. i think the allure of otc gap up's kept me interested. cause they were a fun little pattern.

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i've been researching GGII today and so far i can see why it would be interesting to be just researching these stock's. it's like a major who-done-it. lately i've been bashing these people on twitter that seem like promoter's to me. this guy Full P3NNY Alchemist he has been pumping ggii since at least the third before the big run up and i'm so certain he's a pumper, but i can't prove it... either way i bashed him for thinking that the stock was out of date with the SEC. We had about 6 text's spaced over an hour or so. but it's interesting. cause i alway's thought that the SEC'S were the only disclosure's that mattered and otcmarket's disclosure's were nonmaterial. because i tried to bash him on this i learned something that i hadn't even thought to research. and found out that disclosure's are a big thing that otcmarket's does. and that they are also essentially supervised BY the sec. and that they are held to the same standard's of accuracy. though they need far less information total. i'm still 80% certain that GGII is a pump, it's too convenient that two month's ago the reserved share's owned by this craig fischer opened up, and now it's up soooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo much. it's just a coinqi-dink if not. but it's something. otherwise it's been nice, trading again. yeah. that's where i'm gonna leave it. bashing people on twitter i think are promoter's is gonna continue, because i think that their certainty will allow them to enjoy a friendly argument, and i'll both be forced to ask certain question's i've never thought of before, oh, not to mention i enjoyed it too. less so when I realized that i made a bit of and ass of myself. again. but oh well. that's trading. meditate and accept it as part of the process.

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Bubble May 11, 11:53 PM

oh and when i just looked back at his feed i found out that he posted " i hope i'm never reincarnated as a timsyke's student" i thought it was funny, so i clicked the heart.

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soo i finally figured out how to update my trade's today, so up to date. the only difference is that i made a trade of a ETF when covid hit and made 2k on it selling a year later. i believe i had $3500 in the trade so it's roughly 30% in a year. the reason i don't want to add it to the trade's list is cause i want to look like a rookie in chat cause that's what i am. these trade's i show are all what have been really short term really handa's on trade's. well other than the etrade trade's. those were not truly truly real. cause i was just trying to get to my limit needed to get etrade pro. but i suppose they count enoughcause i added them anyway's. fidelity for free otc's is my main.

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newhope5025

I have done my FIRST TRADE, TIPT(Tiptree Inc.) of NASDAQ, was not on my watchlist. Just from price action I decided to buy today April 21st 2021 around 1:22pm of 100 shares @13.75 and Sold around 1:30pm for 13.95 for 0.20 c profit. About 8 min from 100 shares got $17.98 profit. It was scary and exciting both on my nerve. I am happy to stay green so far on my first trade. Long way to go.

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Bubble Apr 25, 9:50 AM

nice! i've been fallowing right behind you in the video lesson list, so i know how hard you've been studying!

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i'm making my way through the video leson's now, i'm in about july 2011 right now almost have 300 of them watched, and OMG, i have nevre felt like a video would put me to sleep before. i have to breathe deeply when i'm watching them, crank some music in the background, force myself to analyze the chart, stand up and pace, sit in the cold basement or go somewhere out of my norm, cook dinner, play a video game (been doing skyrim cause it has super slow loading time's so i am forced to focus on the video's.(i've only done about 1/3 of them this way)) just so i can stay awake and focus on these lesson's!!! but they're super important, and going through this is part of the process, and i've learned soooooooooooo much, i've kinda decided that when i'm done with the lesson's i'm gonna seriously apply for the challenge to continue learning. but i havn't cracked even 1/10 of the video's yet, so we have a way's to go.

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newhope5025
newhope5025 Apr 25, 12:49 PM

keep up the good work!! I have recently joined the challenge. I went over 600 videos and 4-5 DVD's in the mean time but you know the funny thing, when I got my account ready & was trying to do my first trade I felt blank!! I felt I don't know anything!! I am a newbie in this field so I am not going to advice but will wish you the BEST OF LUCK. Keep it up and never give up, you will be successful.

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Bubble Apr 25, 9:43 PM

Ehhhhhhhhh! i've been fallowing right behind you in those video lesson's, and i was wondering if you were in the challenge. been looking forward to catching up to you it's kinda been my goal for quite a while on 624 right now. as for trading i definately know what you mean, i was trading in february cause the market was just too hot, it's real easy to understand the need for discipline...

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it's interesting to see the market change, i backtested morining panic's into february, and february had a easy 100 datapoints fro meto add to my spreadsheet', so going into stimulus i automatically assumed that every trade style would be amplified, but now that i'm into march, it's interesting, i've seen a few great looking panic's, but i've yet to see one where i could trade it. i wish i were watching aabb last thursday closer, it was on my list of potential panic's but, it's been running down, and frankly it was so far down that i didn't bother looking at it till quite a way's into the morning. which a too late. what's been interesting was trading and failing on bbkcf on 3/25, and uamm on 3/16, and aabb on 3/23. the play's just aren't bouncing. not that there aren't bouncing, just that not many of them have a type of bounce that i want. with yet another pumper getting investigated it's also hard to play my current favorite style or otc gap up's on 1st or 2nd green's.

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so it's been a while since i last posted, since then i went in and i did a back test of morning panic's and now have about 1-120 sample's in my spreadsheet, not great, but it's enough to start basing assumption's off of... now that my otc gap up's i've been trading them too, and though i've had my mistake's i've been pretty consistent and making sure i cut losse's quickly, i think i've made about 4 total trade's on that pattern, so i really don't have data on how well i trade that pattern overall, but i've been getting more confident with it, last tuesday i made a mistake and didn't click the button till 20 second's after open even though the gap up i wanted didn't happen, and it actually became a panic dip buy, that was ipnff, i only lost i think 11% on it, ell below what i was risking, which was 4%, and i woulda had that 4% or mabey even a slight gain if i had sold. the big mistake's were uamm... so uamm as an overnight i traded damn good, i saw about a 30% gain unrealized and i took it just before the rest of the market had the same idea on the next day it gapped down and it panic'd, well, even though it was a first green, i didn't think to look for the reason it panic'd and everyone seem's ta have agree'd that elon helped it get that 30% gain into the close, and then crippled it o/n off a tweet. there were more like trying to watch 2 stock's at once, which mabey that's possible, but i deffinately sholdn't have done it while i'm just learning. otherwise it was just a bad trade, so i decided to take the rest of the week, and review my note's i have on the stock market and otherwise cool off, so i'm tot's lookingforward to this next week.

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