waddell

 Received 3 Karmas
EZTrades
1EZTrades Jan 20, 6:36 PM

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.

AltonDinger
1AltonDinger Jan 22, 7:26 AM

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.

Mpalex
2Mpalex Jan 22, 4:23 PM

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

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Marcop

Kody
Kody Oct 24, 17 11:32 AM

study more & take smaller positions

Chaddo
Chaddo Oct 24, 17 11:37 AM

Concur with Kody.

BB7
1BB7 Oct 24, 17 1:08 PM

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.

asfricksrs
asfricksrs Oct 24, 17 8:34 PM

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.

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0SethMcClain89

@bank_a_tronic I see you have decent small profits! Plus your beginning account size. Your consistent. How come you dont trade a little bigger?

0SethMcClain89
10SethMcClain89 Sep 27, 17 9:14 AM

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!

bank_a_tronic
1bank_a_tronic Oct 02, 17 7:18 PM

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

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karubin1224

Chaddo
1Chaddo Sep 08, 17 4:20 PM

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 :-)

Skiwi
1Skiwi Sep 08, 17 6:51 PM

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

karubin1224
karubin1224 Sep 08, 17 11:48 PM

@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

karubin1224
karubin1224 Sep 08, 17 11:57 PM

@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.

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SAndrews

SAndrews
SAndrews Aug 08, 17 6:57 AM

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

ScreaMXIII
1ScreaMXIII Aug 08, 17 7:13 AM

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

ScreaMXIII
1ScreaMXIII Aug 08, 17 7:16 AM

Not from perth though, lol

SAndrews
SAndrews Aug 08, 17 7:45 AM

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

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Chaddo

@MissOrange G'day MissOrange hope you're well, and having success trading? Just wanted to ask you if your brokers usually have borrows on OTC stocks? Thanks very much. My twitter is: @_Chaddosan_ All the best! Regards, Chad.

MissOrange
MissOrange Jan 30, 17 10:36 AM

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 :-)

Chaddo
Chaddo Jan 30, 17 3:04 PM

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!

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Samuraitrader

 Received 40 Karmas
Chaddo
1Chaddo Feb 02, 16 11:00 AM

Thanks very much for your reply Samuraitrader, much appreciated! Please forgive my ignorance, however I still seem to be slightly confused. I've gone back through Tim's alerts/watchlist for the 17th, and he alerted to go short? Do you remember what made you go long?

Nathan_casey
2Nathan_casey Feb 02, 16 11:09 AM

@Chaddo Everyone was short with this one because it was a crap company that was destined to go down but the unexpected happened and it squeezed 100s of %

Samuraitrader
1Samuraitrader Feb 02, 16 4:49 PM

@Chaddo The stock was being shorting for many days/weeks and also that the stock price was not bad. So I bought it and hope that it will going up some % the next day. The next day I sold it all and after that I never touch the KBIO again.

Jules
3Jules Feb 02, 16 11:50 PM

I remember that stock. I also went long from the beginning of the day the pattern appeared to me to have more of s chance to go long. Unfortunately I was wrong and it plummeted so fast I couldn't get out unless I excepted a large loss. I decided to wait and at the end of the day it started to rise quickly. I got out with a small profit not realizing the spike of 600% was to start 3 minutes later. I had already shut down my computer.

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