Received 1 Karma
JKelly
1
JKelly May 11, 11:17 PM

I think the one thing you are missing here is these are all very different patterns. You should take a step back and look at the setups and focus on one or two setups. What are the patterns you play and have you developed a trade plan for those setups? I recently went on a big trading spree of random patterns and took very random trades and didn't not get great results. Since I refocused, I only focus on specific patterns and only trade them when they match my trade plan perfectly.

waddell
waddell May 12, 12:33 AM

@JKelly has a good point as well. I have found it easier to focus on 2 patterns (premarket breakouts and overnight holds) for better returns. Dux mentions that these are his most successful patterns. I find buying something ending near the HOD in the last power hour to be a good overnight hold as long as there is no overhead resistance.

kobayashimaru
1
kobayashimaru May 12, 1:41 AM

It is very frustrating to miss a good setup by just a penny or two, I would rather missing by a mile or not be right at all. But I take pride in the fact that my setup was correct and I was at least in the playing field.

Mrs_Wizefool
1
Mrs_Wizefool May 12, 11:38 AM

@waddell I actually am still in the process of determining a pattern or two that work best for me. So, I'm still trying out patterns and collecting data on my abilities. Believe me, that's something I want to do.

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crashnscar
crashnscar May 10, 12:01 AM

Please do share the short trick.

crashnscar
crashnscar May 15, 9:38 PM

@JKelly Any way to enable notifications of your new blog posts? I don't see an option on your page, but would love to follow (without having to manually go to the site each day to check).

JKelly
JKelly May 15, 10:24 PM

@crashnscar Thank you for pointing that out. Subscribe button at the top now. Only capability I have right now is email notifications it looks like.

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