JJJackson

Completely lost discipline today and threw my week's gains away. I kept averaging down on a bounce play that never bounced.

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JJJackson

Made a good trade today, followed by a bad one. The bad trade was good in the sense that I stuck to my stop-loss point, but bad in the sense that the stop-loss point was set by a dollar figure, not by the chart. If I had stayed in, I could have rode GOVX up quite a ways.

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JJJackson

Today was a total waste of a day and money. Should not have traded at all. Whenever I trade and try to watch my baby it ends badly. I rushed a traded today, hoping to make a quick move and leave the market alone for the day. Ended very badly. -$200

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JJJackson

August 12 Watchlist 1. AERG- Watching for a big panic.. overextended on 6 green days... if it continues up.. I'll consider the breakout at the multiyear high... 2. IBGR- getting toppy.. backside of move approaching.. watching for panic for a dip play... 3. IPRC 4. MYLF... 5. IPNFF - First Green Day, volume, news A

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JJJackson

Went on tilt for some reason today.. overstayed a bounce and watched a nice gain turn into a loss.. then went on tilt and basically revenge traded into another $100 loss.. immediately closed my computer... 2 steps forward..1 step backwards..

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JJJackson

This is amazing!! I've been looking for a system that could take the emotions away from trading and be strictly ruled based. Thank you so much. [(HOD - LOD)/2] + LOD

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TroyMan

I am not a good one to ask about risk as I'm currently in a 1-year experiment where I don't care about risk generally because I only trade OTC former runners as they usually run again and I'll always get out for a profit. I have 467 consecutive wins with the strategies outlined in my 10/31 & 2/27 blogposts. I also have 47 open positions! When I learned that Jack Kellogg had 60 open positions, it made me not worry. What I've learned from Sykes and other mentors over the past year, if buying a dip buy, you might commonly cut if it goes below LOD. What I've learned is that, as long as I'm buying former runners as daily Big % Gainers with Volume, if it goes lower I'll usually do another dip buy and then hold. My trading weakness isn't cutting losers... I proved I could do that quite well as I lost $15k in my first 15 months as a trader ($7.5k to start in Tim's Challenge). My weakness is greed and that's what I'm focused on until Sep... learning how to shoot winners before they fall back below me. Back to your question, another way I've learned from Sykes and the mentors to cut losses is when the price falls below a strong support price. You can always find those by looking back at the 2-mo, 3-mo, & 6-mo charts. You'll see me in Challenge Chat calling out the support prices because if I'm up 10% profit or more, that's how I decide to get out is when the support prices break... then I get out on the very next bounce.... this helps me with my greed problem.

Received 3 Karmas
felix77
felix77 Jun 22, 21 2:55 AM

nice analogy for one year with Sykes, I'm around the same time as you now , but still figuring it out, good post thx

JJJackson
1
JJJackson Jul 09, 21 12:07 PM

I have no idea how I have not been following you all this time.

AllenMorelock
AllenMorelock Apr 06, 11:07 AM

I just came to check your trades after you told me about PUGE today, 4/6/22. I wondered how you were able to hold through a roughly 15% at one point. Interesting concept! I'm definitely going to look further into this! Thanks.

greenthumbjohnny
greenthumbjohnny Jul 21, 2:48 PM

Hi Troyman I got a work day off figured look at the market. Had not been trading in a while but my co worker got me started and looking again. Had some expensive plays not and some OTCS. Overall some wins and losses but nothing to major. Two decent wins on VAPR. Since I work 9 to 5:30 hard to trade but I do what i can. Thank you for the karma.

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JJJackson

I stalked this low float ticker after it was already very extended, but still liquid. I watched it come down and hit a key level at $4 then climb over $5.15, so I stalked it for a while and noticed it was forming an ascending triangle and knew another big move could be ahead. It suddenly jumped form the $5 to the $6 in one candle. I stalked longer and it suddenly dropped back to the $5 level. I took this as a sign that it was about to make another move, but unfortunately, I was wrong. I took position and it dropped. I should have cut losses quicker, but this was my very last day trade and I wanted to be sure it wouldn't reverse and perk back up. It didnt.

Received 1 Karma
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