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Noble1222
1
Noble1222 Dec 09, 17 7:53 AM

if you find yourself chasing, you're likely struggling with fear of missing out. some things that have worked for me are to watch mark crooks videos on buying only off of proven support levels, try to avoid buying right at the open, wait for things to pop, settle, consolidate, buy at support and cut if it breaks support. try to be patient, breathe. give a good lesson to the free audio book on youtube titled "trading in the zone". size down and DON"T run out of money. good luck.

Kody
1
Kody Dec 09, 17 11:47 AM

Pretty spot on topic for issues I'm fighting right now. I'm getting the hang of identifying panics, seeing past support lines where it'll bounce now just working on entries. Having a hell of a time distinguishing what a chase is. I see a stock spike but I don't wanna buy at the topic then, 15 minutes later it's up 2, or 3x as much as it was, I still never buy in at that point.

Kody
1
Kody Dec 09, 17 11:49 AM

PXS was an example. Scanner picked it up at $3.00, when it got to the $4 area I thought that is a huge chase, then it went to $9.00 I guess that is just part of trading you never know forsure.

FrankieJr
FrankieJr Dec 09, 17 5:02 PM

@Kody That's a great example. I think this really is just a game of mastering emotions.

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FrankieJr
FrankieJr Dec 08, 17 1:56 PM

I have that same problem brother. When you find that set make sure you grab an extra for me thanks lol.

papajohn
1
papajohn Dec 09, 17 12:22 AM

It's all about risk management. If you are risking off of key technical levels and risking an amount you are comfortable losing then you shouldn't be afraid to enter a trade. Like Tim says, he trades scared so he isn't scared to trade.

Torkers
Torkers Dec 12, 17 6:38 PM

The more you do IT The easier IT gets. I had alot of really big And bad losses but this can’t Get in The way of taking The trade. Buy of key support levels And correct risk management then this shouldnt be an issue either way :) GL And study hard

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FrankieJr
1
FrankieJr Mar 02, 17 2:17 PM

You never really know if it is going to breakdown or breakout, it's strictly a guess on the price action. That's why cut loses quickly is so highly empasized, if it breaks out you sell into strength, if not you get out.

chrisheppner
chrisheppner Mar 02, 17 2:18 PM

@FrankieJr With a breakout, am I looking for it to go above the resistance level and for breakdown, am I looking for it breakthrough the support level? If so, am I looking at each level for that same day or looking back 1-day+?

FrankieJr
FrankieJr Mar 05, 17 1:49 AM

Lets say we're trading a stock intraday. Intraday support is at 1.00, it's trading at 1.10 now, and resistance is at 1.20. You're looking for it to ideally break through 1.20 and push to say 1.30, where it runs out of steam and then you buy the pullback at ideally 1.20(only if 1.20 holds, this where that educated guess comes in). If it holds the 1.20 you go long with the goal of it testing the highs of 1.30 and possibly breaking out to new highs(if you're correct on the play from 1.20 and it bre

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Akpilot1_
Akpilot1_ Feb 12, 17 10:49 PM

Since I have never traded a single stock ever I just bought one share to get my feet a little damp and see what happens. I trade with a company called Robinhood that doesn't do shorts yet but gives free trades so I'm only risking my 5 dollars seeing if I'm holding what I learn or need to go back a bunch.

FrankieJr
FrankieJr Feb 12, 17 11:43 PM

I would advise staying away from robinhood there executions are terrible once you really get into the actual trading.

Akpilot1_
Akpilot1_ Feb 13, 17 12:19 AM

I want to trade small tests here and there for now just so I can see if I am learning. Would you say stay with Robinhood for the little 1-5 share trades for now, and if so what should I move to later when I want to really trade?

DeeSniper
DeeSniper Feb 13, 17 12:34 AM

Just a newbie but Sykes has warned against shorting earnings winners: bad risk/reward.

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FrankieJr
FrankieJr Feb 12, 17 2:22 PM

Buy How to Make Millions dvd. And watch all of Tims video lessons on youtube. If you bought pennystocking silver you can watch them all on this site.

FirstRedDay
FirstRedDay Feb 12, 17 4:19 PM

Invest your time in studying and start with the basics.

ofitserov
ofitserov Feb 13, 17 2:14 AM

Thanks man, getting ready to start on the videos today

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FrankieJr
FrankieJr Feb 11, 17 9:45 PM

interesting, i'll keep an eye on your updates to the spreadsheet.

cmc34
cmc34 Feb 22, 17 5:01 PM

Hi Lance, just wondering if you have continued tracking this and what the findings are so far?

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