Kenji52
Kenji52 Sep 08, 12:08 AM

all of these are chop..i guarantree that tomorrow there will be company XYZ first green day that will have smoother charts than any of these.

Kenji52
Kenji52 Sep 08, 12:09 AM

and all u had to do was look at highest percent gainers in pre market. no research. no fundamentals

Gambler6
Gambler6 Sep 08, 12:12 AM

Well that's a method Kenji, but we all have our own methods...I like coming to the market prepared with potentials. Thanks for viewing and the comment though.

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Kenji52

Hi there. I found your account and it looks good with small account. I'm wondering how you are doing your orders? Do you use limit orders? or market orders? how do you keep your losses really small? do you put hard stop orders or stop limit orders?? or when you use stop does the price rip through stop quick? Thanks : ) good work.

Gambler6
Gambler6 Sep 07, 11:54 PM

@Kenji52 Always using limit orders; no hard stops at all - as a matter of fact, I never even knew those existed until I started this challenge a few months ago. Like Tim professes, I'd rather use a mental stop loss and get out when I don't see the price action going exactly right. Of course, as my whole blog mentioned, I haven't been the best at cutting my losses quickly - I get psychologically invested once in awhile and hold out when I should just cut loose. I haven't had too much trouble w

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Kenji52
Kenji52 Sep 07, 11:56 PM

your EKSO trade was a good example.. that was a HOT HOT HOT stock and you did well on that. so.. Trade less. let more stocks like EKSO find you. it was a FIRST green day mover. no more of the former super nova stuff : ) only do that if it looks HOT HOT HOT again.

Kenji52
Kenji52 Sep 07, 11:57 PM

i am betting you that EKSO found you. not you finding it.

Kenji52
Kenji52 Sep 08, 12:00 AM

also stop caring about fundamentals of the company. all you need to know is if it has news and is up 20-200% spend that time studying patterns and price action.

Gambler6
Gambler6 Sep 08, 12:20 AM

Thanks Kenji...I have thick skin, and definitely not taking this as being mean. Many good points above, and some of them hit right on the head. Thanks for taking the time to look through my trades and provide the advice, always appreciated.

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reverselong
reverselong Sep 06, 2:42 PM

i think you mean sub dollar, not sub penny.... yes?

reverselong
reverselong Sep 06, 3:23 PM

Also, I think you need to consider float more when comparing.... MCRB is a 50 million float stock and SSNT is a sub 2 million float stock.... not sure what their catalysts were, but they are going to have different types of priceaction and the comparison is confusing. In general though, why do you short sub $2 stocks? All the great shortsellers avoid this.... seems like a good rule no?

Windwalzer
Windwalzer Sep 07, 1:45 PM

Thank you for sharing, it gives me a better idea what a short seller looks for and what is working for you.

Gambler6
Gambler6 Sep 12, 10:59 AM

Great overview and analysis on these trades, thanks for sharing. Love the final thoughts on where you're at...definitely a nice place to be in life to show up and see what's available to play, and sit out when there is none. More golf...less losses!

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