MetalHat
MetalHat Jun 26, 17 4:36 PM

No, it's on my list when I have more money.

raymontrader
raymontrader Jun 26, 17 4:36 PM

I have it, looking for a way to switch with someone who have HTMM

MetalHat
MetalHat Jun 26, 17 4:37 PM

Oh, well my HTMM is streaming not a disk so no way I can help. Honestly though, HTMM is WELL worth the $$ if you can. It's very good.

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MetalHat
1
MetalHat May 04, 17 8:56 PM

Thank you for summing up exactly what I probably could not have put in words as well. Know this, you are not alone. I am going to take a few days off, reset and study. But my "take action" mindset that has served me well in my career and life in general, will clearly not help me in trading. Time to ingrain some new skills better suited to trading. Namely, patience.

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Financestudent
Financestudent May 02, 17 9:55 PM

Thanks for the info, but what does it mean hit the ask and hit the bid mean? and what does stacking mean? is it when for an example if there is a lot of byers on the bid, the bid stacks up (the green color wich shows the highest price gets bigger) or do you see "stacking effect" on the time & sales section?

MetalHat
1
MetalHat May 02, 17 9:59 PM

"Hitting" is simply where the order is placed. If you want to buy right now and not try to do so on the bid, you "hit" the ask buy paying the price on the ask. If you want to sell right now and not wait for a buyer to "hit" the ask, you sell at the price on the bid, "hitting" it. "Stacking" is when the shares are piling up at a given price on either side. It's usually indicative of which side is stronger at the moment but can change VERY rapidly with just one or a few sales and the tide turns.

Financestudent
Financestudent May 03, 17 2:31 PM

Thanks for the support i realy appreciate it

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HIMMENY
1
HIMMENY Apr 30, 17 12:59 AM

you can also watch the dvd title "Learn level 2

TimeFliesBuy
1
TimeFliesBuy Apr 30, 17 4:11 AM

A lot of Silver video lessons on the topic as well. Just Watching a pump crash or a successfull dip buy with level 2 action is awesome. It's like a serious tug of war between buyers and sellers and new people are joining the tug of war all the time and BIG buyers and sellers are like bodybuilders joining the tug of war

TimeFliesBuy
1
TimeFliesBuy Apr 30, 17 4:13 AM

so when you see Big ol Arnold Schwarsawhatever join the other side you get scared. I better stop there but you'll get it in Time.

Fox_Trader
1
Fox_Trader Apr 30, 17 4:31 PM

Get Level 2 DVD is your best bet.

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MetalHat
MetalHat Mar 17, 17 6:05 PM

Best thing I learned was to sell half my position when it has claimed an equal amount to what my risk was. Then I set my stop to the buy price so at worst I have made $ on the first half and broken even on the second. Then, with no way to LOSE money anymore, I let the chart guide me and only get out when it tells me. Took all the nasty emotional/nervously trading away for me. It has been the #1 reason I've been green the past few days, albeit small gains.

MetalHat
MetalHat Mar 17, 17 6:06 PM

So, for example, if I am in at 2.02 and my risk was 1.92, when it (hopefuly) hits 2.12, I sell half and set my stop to 2.02. Then I can't lose and feel relaxed to let the chart speak to me on the second half of the position.

Pandabear
Pandabear Mar 17, 17 10:19 PM

@MetalHat Yeah it's good to scale out when you have a large position but doesn't make sense for me to do it now with such small size. I just need to learn to hold through dips and have a target in mind.

Pandabear
Pandabear Mar 17, 17 10:20 PM

@IceMan14 It is but with a few more trades I think I should feel more comfortable. It's all practice and experience

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koolboy160
3
koolboy160 Mar 11, 17 10:49 PM

You can use 9 EMA on the 1 minute chart. Once it breaks the 9 EMA on the 1 minute chart it means the trend has changed get out.

MetalHat
1
MetalHat Mar 12, 17 6:56 AM

I fight with this too! Funny thing is I know what to do, just haven't been able to mentally force myself to listen yet... If your size is big enough, as soon as the stock rises to a price equal to the original distance to your risk stop, sell half position to lock in profits. Then set your stop to the original buy price so you are guaranteed to have made a profit. Now, let the second half of the position ride until it either breaks the 9EMA like @koolboy160 said OR the first 5min candle to make

MetalHat
2
MetalHat Mar 12, 17 6:59 AM

a new low after your original 1st half sell price OR it falls back to the original entry price and you stop out. This way you guarantee some profit and are mentally free to let the second half ride until actually stopped out for valid technical reasons.

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AngelTrades
2
AngelTrades Mar 11, 17 6:24 PM

Congrats Dee :) We are all here rooting for you:)

Fox_Trader
1
Fox_Trader Mar 12, 17 12:29 AM

It's truly a good feeling making profits, Congratulations on your first trades keep doing what your doing Dee! It's fascinating to learn from Tim apply then make that money I LOVE it

DeeSniper
DeeSniper Mar 12, 17 7:57 AM

Thanks everyone!!! XOXOXO

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