@RolandWolf Hello Roland. Quick question about your early small account strategy of trading overnight gappers. If in the morning the stock did not gap or run did you bail immediately? Or did you give the stock cushion to retreat a bit before running? (IE, if in at 3.50 did you give it room down to res at 3.20 or was it a always green or gone?) Thanks for your thoughts.
For the most part, I would cut if it didn't do what I wanted. Only exception is if there is a strong support level somewhere near that I could play off of .
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@huperauxano the R-value is just the ratio of my average win to my average loss. I’m not ready to talk about the Kelly percent yet, I don’t want to lead anyone down the wrong path there.
Did you make you make that spreadsheet?
nice job PAPA
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When I opened an account with them, the bank that I transferred money to was in Malta. Have used them a bit, executions seem ok, but almost never have shares to short when I'm searching for them.
@Tone Thanks for your feedback! Makes me feel a bit better :)
Yes, they are always chancing banks to find who will give them the best leverage.
Foolw me on twitter as well @turbobob129 as I post lots of market commentary there as well.
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Great video Bob, thank you. I was in at 3.09 but got distracted at work and missed the initial spike to 3.88, then got scared out for a small gain long before it went supernova. Couldn't get back in because I was out of day trades--very frustrating. Question: are you still using SureTrader and if so have you had any execution or availablity issues? Thanks again!
another good vid Bob, just letting you know that there is a lot of echoing going on in your audio. sounds like you are trapped in a box
Happens sometimes. But thanks for the heads up
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@papajohn Hello John, We talked a bit yesterday in the chat room. Since then I've read your blog posts and have been reviewing your trades to understand your recent success. For example, I see exactly how you played SLTK; in at 1.92 around 3pm and out during the next morning gap up. Perfect! And $AMPE...I had been watching that for a swing for a week but didn't recognize what was happening: On 12/18 it perks to 3.18, retreats and bases at 2.60, then slowly grinds until 12/26 when it breaks thru that previous high and finishes strong before running to nearly $5 a couple days later. So I was watching that stock but didn't understand how to make a plan based on the history of the chart. Thank you for helping me understand what to look for. Two questions: 1.) How did you find/watch SLTK? It wasn't up that much and I don't remember seeing it on the % gainers scan. Hot sector? 2.) When looking at a chart for previous areas of supt and res what time frame do you use? Do you look at a 1yr chart for an overall feel and then work back to 90 days, 30 days, etc to find definitive res areas that signify potential breakout levels? Or is it more about finding stocks that are up-trending and finishing strong after 2PM? I hope you don't mind me asking some questions. I've been a challenge student for 10 months but have mostly floundered because I haven't been able to nail down a pattern that works for me. I'm under PDT so your success story really inspired me and I intend to turn my trading fortunes around by following your lead. In addition to reviewing your trades I'm watching Trading Tickers over the holiday weekend and hope to really focus on the multi-day O/N runners in 2018. Wish me luck! Thank you again for your insight in the chat room and for any further advice you may have. And congratulations on your awesome turnaround. I look forward to seeing you hit the $100k level. See you in the chat room. Happy New Year! Kerry in MI
Looks like my comment got cut off. That's really annoying. I make my initial decision to look further into a chart based on the daily one year chart. And I find the breakout level based on the daily candles. I don't usually wait until after 2 pm to buy, although that may be a better strategy. I've found that waiting until around noon is usually good enough to see if the b/o will hold and then I am in it if it perks up around 1 pm like a lot of them will. Otherwise it might go too high above the
It might go too high above the breakout level for me to find a risk level I am comfortable with. Gritanni trades these fairly quickly as a day trade, while I try to swing them for a night or two. But the setup he looks for detailed in his DVD is exactly what I look for. Good luck!
Thankl you John, I just finished Sykes' How to Make Millions DVD but was a tad disappointed in that one. I will be watching Gritanni's Trading Tickers ASAP and will try and understand what has been working for you. I hope you don't mind if I ask a question now and then. Best of luck with your trading in 2018!
The thing to be careful of is that just because it is working for me doesn't mean it will work for you. We are all different and so much of trading is about psychology. So you really need to track all your trades and see for yourself which setups you have the most success with.
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Thanks Bob.
Great Lesson. Thanks
Great video, thank you so much!
Thanks Bob
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curling up
thanks Bob. nice trade.
Thanks Bob!
Thanks Bob
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i am recording on think or swim when i made this video but i use etrade pro when i trading.
glad y'all liked the video. a little embarrassed to admit such stupid mistakes but that how we learn. thanks for watching.
Nice #5 pattern video--good information for those of us with smaller accounts under PDT who also cannot short OTC stocks. Thanks!
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Truly sorry to hear that about your Dad, God bless and thanks for all you do!
Sorry about the loss of your dad, Arick. You are a great trader, and an even better genuine human being sharing all that you do. Keep your head up and thanks a million for all the help you've given to me and so many others with your videos and being real.
Take care of you and yours, and when the time is right you'll find yourself back here doing what you enjoy doing.
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[TimChallenge] Yes I something kept me from going with $CDTI even thoe I still want to because it is so close to the low. I'm like it has to go up. For and PNAT I should have when my gut told me to but now I'm too late and its ready for a short.
[TimChallenge] I did the same thing on $CDTI
[TimChallenge] RE $CDTI I guess there's a diff between a pullback/dip buy and a hard slam off the highs. I'm happy I read the support correctly but in retrospect when it failed that last 2.70 push I should've got out then for a small win. Another educational trade.
[TimChallenge] Thank you, Tim -- so you saw the $CDTI pullback as a possible short later, I saw it as a possible dip buy. I obviously have lots to learn. (shake)
[TimChallenge] I have bot $CDTI at $2.59 look for Breakout,, and plan exit if it break the support around $2.50 i also cut loss :(
[TimChallenge] Decided not to panic on a trade for a change; patient with $CDTI as it held the 2.54ish open but gave up when it cracked 2.50 so I lost .10/share. Perhaps I should consider it a learning curve win, but I'm growing weary of losses. :(
[TimChallenge] $CDTI is a perfect example of why morning spikes scare me. I admit I do not know how to play that.
[TimChallenge] I tried another $DRYS short too when it topped at the open spike. No luck tho
[TimChallenge] $GNVC acquisition at 6.56...
[TimChallenge] Did $GNVC do a split or was there good earnings? Jumped 1.50 this morning.
[TimChallenge] tried to reserve some $GLBS shares but none avail. Way to go TD-Ameritrade -- your record is still perfect!! (mooning)
I know this is 2 years old but thank you John ! Looking forward to Tradecaster
Great value, thanks!
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