@Torkers Trading this setup is still a little new to me but if a stock is trading above the sma(200) on a 5-minute chart, breaks an RSI of 60, and crosses above all three SuperTrend resistance levels I'm going to take the trade because the stock is clearly in a strong uptrend. When the MFI hits/nears 90 or the price touches/crosses the Upper Bollinger Band (20,3) I exit the trade. As for this trade, the stock was still below an RSI of 80 so it had a little more room to run. I generally try no
@Torkers I generally try not to take a trade unless I believe I can make about $1000 on it but sometimes that doesn't always pan out. I actually should have been in this trade at .60 but I was having platform issues. If you look at $THLD on a 5-minute chart it is pretty much the same setup.
Okey - im far from an expert so I was just curious to see your response! But this totally make sense - GL on your journey!! Study hard! =)
Great trade!
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@rugby I think I owe you an apology, I know my responses to your were somehow harsh, I perceived your comments as a put down, therefore my reaction, you know these msg board are full of trolls. Achieving perfection(Is there such an animal) in trading is difficult, takes time and so far is one of my goals, meanwhile I am concentrating in picking just the direction of the ticker. I visited your pofit.ly user page and noticed your experience is vast and has a superior profit curve that atest to
@rugby I visited your pofit.ly user page and noticed your experience is vast and has a superior profit curve that atest to your trading prowess and then I said to myself, “You botched it again”. Once again please accept my apologies and maybe you can give
@rugby Once again please accept my apologies and maybe you can give me a hand once in a while
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trading account size?
100K, I am going to cut that to 5K to get a better feel of what I will be using when I go to Live trades.
@Reaper2020 yeah 5k is better
wish you all the best.... would like info on Arick videos?
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Nice first trade!......I'll be starting my journey next week.
Hey Dan, not stalking you, I'm just looking at your trading journey by viewing your trades. I have so many questions but I have learned one real valuable lesson. You definitely cut losses quickly. I need to get better at that. I would love to pick your brain as to what I should be doing to progress to your level.
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@MeatMan just became a fully transparent trader today!
I traded this one identically to you, haha. I also shorted TEUL. Thanks for these.
Nice trade Bob, good video, thanks for sharing
Thanks man!
Thanks Bob
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