Grambo

Well looking back on July I honestly had two really large losses I just couldn't come back from for the month. Both of them bonehead trades--chased one and got burned massively; got greedy on the other to hold overnight to avoid a day trade. My overall goal this month was to make money... of any amount. Although I failed, I feel this month has shown me what cutting losses really means. When you are wrong, you are wrong and the market just doesn't care what I think. The market is going to market no matter what I want. I also really saw the power of sympathy plays and the value of multi-day runners. I saw the power of good price action with news and why good price action without news is riskier. I learned to wait for my entry (by the end of the month) rather than getting in just to get in. Waiting changes the chart and presents a higher success rate when support proves itself. I learned not to try and guess a short position... Waiting for the FRD and shorting the bounce is far better than "nailing the top". Two goals this month... Same as last month, I want to make a profit of anything. Any profit. The second goal is to discontinue buying stocks during extended hours (unless it is PM and really big news just came out) I will continue working on my position entry and continue to cut losses quickly. Word on the street August is a slower month so I need to trade like a sniper! Here is too August!

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Grambo
Grambo Jul 01, 20 9:55 PM

June was an overall tough month for me—while being new to the challenge it has been a struggle watching people make money around me as it’s normally the other way around. June was the month of trying to play catch up and I have to learn I need to build by account, not blow it up. $-1150 for the month and already off on a bad trade in July. Things I did well this month was seeing the patterns and creating watchlist that panned out as planned. I made a couple decent trades and had some decent size

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Grambo

@gnorth8 just became a fully transparent trader today!

Grambo
Grambo May 31, 20 9:17 AM

my first full month of trading has passed and I am at a loss of -180.00. I learned some valuable lessons this month, especially to cut losses quickly. I also learned my patterns do not work intraday so I need to stick to trading from open till 11am and at the last hour and a half. Morning Dip buying, Morning Breakouts and Afternoon Breakouts off morning highs into the close are my plays right now. June I will focus on perfecting these three patterns. Goal is to be positive ANY AMOUNT OF MONEY.

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TimLento

Tim Grittani’s Simple Chart Setups and Stock Market Indicators https://www.youtube.com/watch?v=MYuoEnxPSTA

Received 22 Karmas
Ronng
Ronng Aug 23, 20 6:30 AM

Thanks and what a good indicator

Grambo
Grambo Nov 25, 20 11:05 PM

great explanation of VWAP--thanks for sharing.

Scipio
Scipio Dec 02, 20 8:59 PM

Crystal clear short video

TheLostNomad
TheLostNomad Mar 27, 5:11 PM

Use VWAP to help guide your plan. But not as a support or resistance. I like this.

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TimLento

Power Hour Stocks: What Is It and How Do I Take Advantage of It? https://www.youtube.com/watch?v=Z32njo_LiqQ

Received 13 Karmas
phred
phred Jun 11, 20 4:08 PM

actualy, one of the most useful - helps me direct my focus - which was somewht absent.I've been in the challenge forabout six weeks, still struggling. I always seem to be late getting to theparty. Etrade is very cumbersometo trade with. I've ost money just trying to get abid in - much less get a fill at a good price. Oh well, I'll keep at it - it is startingto make sense - this videeo helps a lot.

Grambo
Grambo Nov 25, 20 11:15 PM

never thought as the first hour as a power hour but its true... Thank you for sharing

phred
phred Dec 16, 20 7:55 AM

Not exactly fully transparent. I plan to keep current now, but I have a bunch of stuff from the last six months - not exaxtly on cocktail napkins but woefully incomplete. Last 6 weeks or so I have good data and will load as time permits. Some embarassingly stupid trades in there. I keep trying to avoid them but my "stupid" rears up once in a while and does me in. Glad to hve arrived at a point where I think this is a worthwhile exercise.

TheLostNomad
TheLostNomad Mar 28, 6:04 AM

This was like the best 5 minute video lesson overview I've seen.

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