Lyoness

[TimChallenge] You guys, it's taken me 7 months, but I finally clawed my way back up and broke my previous profit high. This is a big win for me today.

Received 12 Karmas
Received 7 Karmas
Superwild101
1
Superwild101 Jan 28, 21 10:42 PM

Don't worry i compare myself too and i have to keep reminding myself they started where we are now too and you have to start small don't worry some day we will get there ^_^

Lyoness
Lyoness Jan 29, 21 10:29 AM

Losses are a major motivating factor for change. I had a few big losses this year that led me to be a better trader. You're doing great, and thanks for your video!

Join now or log in to leave a comment
Received 12 Karmas
taiwan
1
taiwan Mar 03, 21 3:13 PM

@SeanLacap Love how you decided to share your aha moment right when it clicks. I've blown up as well and took a 2 year break before finding the challenge. Been tracking my trades by setups in Excel and have narrowed down my trading to 2 setups. I had a small starting capital so my gains have also been small, but you’ve confirmed that my process is correct and I just need more screen time/experience. Thank you for these blog posts, and for answering my question in chat re: $TRTC that led me here

GrandTrades
GrandTrades Mar 03, 21 4:52 PM

@taiwan I do remember your question regarding $TRTC. Today was such a slow and red day. We were all searching for plays that were non-existent today. Your process sounds a lot like mine at the moment. Just need more screen time like you say!

avipatel
avipatel Mar 13, 21 11:15 PM

@SeanLacap hey Sean great post please let me know how can I join Canadian challenge community. I am from Canada as well.

brandonkoy
brandonkoy Apr 09, 23 11:47 PM

focus, sizing, stats, gr8

Join now or log in to leave a comment
Received 3 Karmas
Lyoness
Lyoness Sep 15, 20 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.

Join now or log in to leave a comment
Received 1 Karma
Lyoness
Lyoness Sep 09, 20 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, 20 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.

Join now or log in to leave a comment
Received 1 Karma
Lyoness
1
Lyoness Sep 08, 20 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, 20 2:11 PM

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

Join now or log in to leave a comment
Received 5 Karmas
DocBrian
DocBrian Sep 11, 20 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, 20 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.

Join now or log in to leave a comment
Received 1 Karma
robdlp1
1
robdlp1 Sep 07, 20 6:57 PM

what u watching for this week coming up?

Lyoness
1
Lyoness Sep 08, 20 1:36 PM

I'm not in the UK but would definitely be happy to bounce ideas with anyone.

cam3610
1
cam3610 Sep 08, 20 2:02 PM

@robdlp1 I only really create my watchlist every morning. Today I nailed $LUB and VXRT short.

Join now or log in to leave a comment
Received 1 Karma
Lyoness
1
Lyoness Sep 08, 20 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, 20 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'

ShannonRichardson
ShannonRichardson Aug 31, 22 1:22 AM

I'm confident I can assist you. A few years ago, mobile casinos were a nice-to-have feature, but today they are required. Players may now always have access to an online casino with them. No matter where you are, you'll have the chance to play at the top mobile casinos, providing you with incredible mobile bonus offers. Visit https://casinosanalyzer.com/online-casinos/mobile to learn more. Smooth mobile optimization, a sizable variety of online gaming options, and some of the greatest mobile cas

Join now or log in to leave a comment
Received 4 Karmas
Windwalzer
Windwalzer Sep 07, 20 4:51 PM

That makes it sound really easy. Thank you for your bullish patterns.

Lyoness
1
Lyoness Sep 08, 20 1:44 PM

Are these all patterns that you trade? (I don't trade any longs yet, not really, so just curious)

simonfuture2
simonfuture2 Oct 16, 20 8:56 PM

@Lyoness yes these are patterns i like to trade, and when i was focusing on them previously they were generating good profits!

Join now or log in to leave a comment
Received 1 Karma
Lyoness
1
Lyoness Sep 03, 20 11:42 AM

That's a big problem I have too, is knowing when to stop out early, and when to hold on to my stop. I feel the same way, for as many times as I've stubbornly held, *knowing* it was going to stop out for a bigger loss, I've had instances where I've been scared out, only for it to turn around and make a great play.

haafamillion
haafamillion Sep 03, 20 1:01 PM

@Lyoness It's a balancing act. For me, I'd rather stop out than miss out but doing both is a b-word. I think the most important things are identifying key levels and sticking to them. Then, of course, listening to what the chart is saying - not out of concern, but out of a desire to play the price action the best way possible.

Join now or log in to leave a comment
Lyoness
Lyoness Sep 03, 20 11:51 AM

Curious, why INO? It was gapping down premarket. I know a lot of people who look for long plays are looking for stocks that are up a certain percentage compared to close of yesterday. KCAC had no resistance above, lots of volume premarket, and was showing strength. That was one stock I planned to avoid shorting today, no matter the setup.

Integra
Integra Sep 03, 20 12:39 PM

it was attentive of you to realize the unreasonableness of the ticker INO. I checked with the broker and it was NIO.

Join now or log in to leave a comment
Received 1 Karma
Lyoness
Lyoness Sep 03, 20 11:48 AM

Hi from another Karen! I don't do longs so I can't speak to that, but I'd like to encourage you to stick with it, it took me probably 8-11 months of paper trading (or trading small) before I got consistent results. Tracking trades and looking for patterns that others are using helped me a lot.

Integra
Integra Sep 03, 20 12:16 PM

Hi Karen and thanks for your message! You have an impressive profit chart that gives me hope!

Join now or log in to leave a comment
Lyoness
1
Lyoness Sep 03, 20 12:15 PM

congrats on your first short! They're my fave to do. Hope it works otu for you

BlueBulls
BlueBulls Sep 08, 20 5:10 PM

Thanks! It did work out just wish my order would've been filled so it would have been a sweeter victory, but I can't be mad for being on the right track.

Join now or log in to leave a comment
Page
of 3