
@kroyrunner What's a good indicator to you that a setup isn't working right now? As someone who's not consistent, it's hard to differentiate between whether or not it's a setup that's not working or just my skill (or lack thereof).
@kroyrunner What's a good indicator to you that a setup isn't working right now? As someone who's not consistent, it's hard to differentiate between whether or not it's a setup that's not working or just my skill (or lack thereof).
@kroyrunner When you're watching multiple stocks (for however long it may be), do you write down detailed notes about the fundamentals to keep better track of your biases or do you track it in any certain way? Or is it all just up in the ole noggin?
@Chance_Stearns i try to keep it in the noggin but sometimes that results in having to look 2-3 times lol
@kroyrunner At what point did you decide to stop going "all in" with your account? Or was it always dependent on the trade? I've been looking at your first couple months of trading once you become consistent and it looks like you RARELY had a loss over $200. So it's crazy to me that you kept that tight of a risk with such fast growth. If you DID keep going all in for awhile, did it get harder and harder?
@Chance_Stearns pretty shortly after my first big win on AMWI in november 2011. i definitely would still play some elite setups larger than normal, but i tried to avoid all-ins as it was a very scary way to trade
For example, I remember you traded the DCAR breakout a few months back, but then I stopped noticing them working. But that's the only one that I've seen in awhile. How do you know which one is going to be "the one" that works? (That stock didn't even have news that day, it was just hype about UBER and LYFT going public)
@ChanceStearns most important thing is having VERY clearly defined rules for your setup, when you should buy, when you should sell, etc. If you are constantly executing your plan perfectly but losing, it's a setup problem. If you aren't follwing your plans, it's a "you" problem
Join now or log in to leave a comment