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Lyoness
Lyoness Sep 23, 10:49 AM

This is great, thank you for taking the time to put this together. I have a question for you, when you're determining whether or not there's resistance in the way, what are you looking for? Resistance should be a certain % away or nothing there at all? And is there a certain way you calculate whether or not something counts as resistance? (Lately I've been counting something as heavy resistance if it has a volume candle over 3X ADV, but I'm curious what others are considering)

KaranKhanna
KaranKhanna Sep 23, 11:15 AM

@Lyoness , heavy volume on daily, once i determine which daily candle has heavy volume then i look at intraday for consolidation/sideways grind and if the range is too wide, i use the consolidation low as my risk and if range is tight i use consolidation high as my risk. If i cant find any consolidation then i risk the high of the daily candle and would take entry closer to the high. If stock doesnt reach the any of the levels i planned for i will create a plan after 10am looking at the intrad

twarmbruster
twarmbruster Sep 28, 4:09 PM

Hey thats an awesome explanation. Very implementable tips. Love the 5min candle tip

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Lyoness
Lyoness Sep 15, 1:01 PM

It's hard when the market is slow. I don't trade the same things you do, but I've been feeling the market slow as well. I don't have the experience to know when it should pick up again, but I did just look up today and saw that February, May, June, August, and September are the slowest months for the stock market. So maybe it will pick up again soon? I loved all the coronavirus volatility, and I feel unmotivated when there's not much to be in.

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Lyoness
Lyoness Sep 09, 10:53 AM

How'd it go for you? TCON went a bit higher after open than I would have held, but it looks like your instincts were right, because it's after 10:30 and it's dropping. Curious to know how it went for you.

BlueBulls
BlueBulls Sep 22, 9:24 AM

@Lyoness It faked out on me... 4$ was my max so I put it in @ 4.05 and it snatched my shares up and ran down the the road with them.

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Lyoness
1
Lyoness Sep 08, 1:32 PM

Hey, welcome back! I was watching LUB for a short, but it just barely didn't qualify for my short play. Really glad I didn't get in, because this stock is really strong! Congrats on your win, and I hope it's the first of many to come.

cezelipatrick
1
cezelipatrick Sep 08, 2:11 PM

Thank you. I'm hoping this is the beginning of something good!

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DocBrian
DocBrian Sep 11, 1:25 PM

@SassyB Ty for that insight. In fact, it's something I included so when I review this I can remind myself of my values and re-center myself when I stray too far from my vision statement.

DocBrian
1
DocBrian Sep 11, 1:26 PM

On thing @sarimanap likes to say is that no one is better than anyone. We are all students. And it's true. We all have something to learn, and if don't remember that, the market will teach us very quickly.

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Lyoness
1
Lyoness Sep 08, 1:43 PM

All great advice. Emotions are the beast. I had bigger losses this last week than I've had in a long time, and it messed with me. Sounds like you have a plan though and it is working for you!

farrelco
farrelco Sep 14, 4:07 PM

Thanks Lyoness. Yes it's a beast indeed. Sometimes you need some luck in this game to build that small account, but as Sykes says 'The harder you study, the luckier you get'

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