@kroyrunner Hi Tim, My question is did you short HDSN at the market open? if yes then what was your risk area? because I think previous day's closing price would be very high. if you didnt short, then what is the reason to not short. Thanks
remember this is sort of like a competition of who's can
of who's the fastest. You're in competition with everyone else
are you talking about CHFS? I like to always remember Risk/Reward... what were you willing to loss vs what you are willing to gain. what were you looking for in price? over what time frame? Study Study Study =)
FOMO is hell. (Fear of missing out). There will be other plays and other days. Try paper trading with the amount you usually risk it helps. Then you can get the technicals better and know which entries are potentially good. Ive done what you have and held it out of pride and lost a lot of money...
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Congrats and it sounds like you're on the right path. You don't really need to trade daily honestly or hold overnight unless you have to or after seeing a potential that a company could go up the next day. However, you should never ever have to hold your position for the sake of not wanting to use one of your day trades. I think you have up to 3 or 4 trades depending on broker, if you nail those three trades, that should be plenty enough for a 5 rolling days. Good luck to you bud!
congrats on your success so far, wish you the best keep at it
Good that You have profits - continue to study hard all The time AS market can be brutal - GL on your journey
@coreygulick i have watched pennystocking part 1 and 2 and shortstocking and level 2 but only the half. I need to buy more dvds and gain access to video lessons. Two months heh, good. How much money did you start out with, if i may ask.
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Nice start - gl on your new start! STT will help You alot - study hard and never loose faith - Remember that this is not a sprint - Its a maraton. GL!
Good luck with the new start, been there twice before, there are many lessons to learn even yet!
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Nice dude. It's still to voiltile for me to renter right now for a swing. I will buy when no one is looking lol 👀.
And take a chance on that EU approval. It's rear for stock to have definite confirmed future results. We just gotta keep watching
Rare*
Heavy support @ 2.17 this morning - got out with small gain
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I don't know what size your trades usually are, but if you specify to yourself that every single trade is only going to be X size, because the goal is not the profit but on doing the trade right, then it may help to get the emotion of greed or fear under control that is causing you to miss the right exit points.
I'm still early in my learning process, so please take what I say with a grain of salt. I'm thinking myself into your situation and trying to think how I would try to overcome this type of problem.
Hello and Thank You for your reply. You are spot on - Ive been way to bad at excectutions and trade plans throughout The whole start - Ive been doing alot of adjustments to this now lately and have become alot better but still have alot to learn but i really appreciate You taking your time and weiting this - ty very much
I look forward to reading your next blog :) The Stock Market School is sometimes, unfortunately, very expensive!
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Updated Interactive Brokers scanner to include Volume and Float information. Back to studying.....
Nice.
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Will do @MrEv0 , this is my first blog, so Didnt check hah
Nice man!
That's awesome man! I just started few months ago with robinhood as well, and I've been loosing much haha. May I ask how's your trading with robinhood like? Does it happen to you where you buy through market buy but the purchase price is higher than the market price? I'm kinda frustrated sometimes, still learning how to trade using robinhood.
@anonymousam Sorry for the late reply, Busy weekend haha, Thanks! Robinhood is quite good for a beginner, no that dosent happen to me, but yes usually I may see a cent or two up and down while executing a order at market price, but other than that its completely fine, I will shift to Interactive brokers soon this summer, But for trading on the go and someone who is new to investing, I highly suggest Robinhood
++++
Being Disciplined Pays Off!! Be willing to Cut and Attack latter! Thanks Roland!
Idea was to see a morning spike. Got that and Plan was to short into a lower high. At 4.18 looked like a stuff on level 2. Entry 8,000 shares 4.15. Risk HOD 4.20. Immediate fading very stress free. Started locking in gains on the big red candles on the way down to take away some of the emotions. It was easy to sit through the bounce after realizing some gains. Thought about adding into the bounce but decided to just be patient with the shares that he had. Covered some more into g/r 3.50 level. E
xit the rest in the 3.20s avg 3.41 covers $5900 gain. Started looking for a bounce in the 3s. Got down to 3.13 Entered long 5,000 shares 3.22. Exit 3.32 almost $500. Indicators for shorting frontside: no catalyst, a lot of chat room pumping, 3rd green day, running last week and a half, gap up and spike.
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