excellent video lesson, thanks

This is DVD quality content. Better quality than some DVDs in fact. Thanks so much Huddie. This is absolutely incredible how educational this is.

I have so much to learn just watching your video. Thank you so much!

Huddie buddy, much much appreciate all of your video lessons. So much helpful for my education. By the way, could you tell me which broker you've been using for shorting please, as I'm struggling with that now. Once again, thanks a lot for your videos, hope you will be making more of them soon and good luck !

Just remember, you must learn how to lose before you can win. Tim G blew up his account SEVERAL times before becoming profitable. Keep at it brotha. Cut down position size, stick to your plan, and most importantly, cut losses quickly and move on. Learn from your mistakes.

Yes, it hurts to lose. But, I believe that you are building your trading character and wisdom. I have learned from Tim.I only use about 10% of my portfolio to stop the pain.

It's not a loss if you learn from it, but tuition.

https://twitter.com/modern_rock/status/596031271525986305

Good stuff Scotty!

study more & take smaller positions

Concur with Kody.

Look at multiple time frames. Look where resistance becomes support so that you can buy on the dip. Don't go in too big if you are not sure and cut losses quickly if you are wrong.

I have made newbie mistakes too, all my 4 trades losses. Could have been much more rule#1. Step back study, follow chat, wait for the play to come to you.

Thank you kindly, Chad! Victory!

Oh Jeez, So your working your way back up after the move. I'm sorry you had to do that, but overall I think that was a good decision. Im going to Washington state for similar reasons. And thanks!

You changed your name back? lool

Thanks Seth. I will be switching back & forth to Tim-ette as needed to stay disciplined like the Tims teach us to be ;)

Don't feel bad about it buddy, good lesson learned. I did almost the same trade as you, then tried again on the second minor spike - and squeezed again. We were in the right ball park, at the right game, just a bit off on the timing ;-) Multiday resistance around there, with a bad sushi type chart = long term bag holders, making it difficult to spike too much, also, markets were down. We'll do better next time :-)

It's okay no worries, my advice is short the higher low - best case you win, worst case - you lose a little, not a happy case - you miss out and a higher low never happens, it just keeps crashing, but you don't lose anything

@Chaddo hey there, thanks for your reply. i did see the bull flag formation and still got in so thats all my fault, but it is really nice to have a plan that would have played out if my timing was better. i was too emotionally shook to try to short again at the $6.50 retest/failure so i need to try not to let my emotions get in the way of trading. really bad sushi chart and massive short squeeze yesterday made me short-biased today so i am proud that i would have been correct. we will do better

@Skiwi hey skiwi, thank you for reading/replying. after the spike to $4.45, I was thinking that $4.39 would be the shorter high which was why i shorted there. i overlooked the importance of the bull flag formation as i was so short biased, which was why i got in at that bull flag formation and squeezed out. had i shorted at the second $6.50 retest, the risk would have been way less and i did see that but i was too emotionally drained to pull the trigger. need to watch for next time.

No worries will chat to you then thanks to everyone who has gotten in touch :)

I thought about trying something like this a while back, would definitely be down to be a part of this. Though I'm not sure how active I'd be because of my schedule. I'll add you when I get a chance! :D

Not from perth though, lol

Australia wide should of been the video not enough in boring old Perth anyway lol

Hi Chad, have had a very stressful few months which are thankfully over now so can focus on trading again. At the time I applied for my IB account, they did not offer margin accounts to Australians. I am in the process of changing my OptionsXpress account from cash to margin. So no shorting experience for me yet. Hope things are going well for you :-)

Glad to hear things are back on track for you! I'll be interested to hear how the Options Express plan pans out. As you can see from my profit chart, things could be going better, however, slowly improving ;-) I've seen a few P&D's in recent months, which Suretrader doesn't seem to ever have borrows for. All the best!