i am feeling more confident now that im back to trading for awhile, ive upped my size and i hold positions longer with more conviction, ive been trading far less. all in all its working out to day trade less for me. i only daytrade obvious patterns atm.
goal: make 100-200$ a day, but, not forcing it. only take the good setups. cut losses early. dont risk more than 2k on a position. Cut losses before 2-5%. cut losses at break of support. only playing dip patterns, break of day high, and multiday breakouts. no more short selling. focusing only on 3 strategies.
after my big loss i decided to lay low, the market is trash. i funded IBKR with alittle money to play the market but im mainly short bias, i also am getting into crypto because these chart patterns are the same and it has way more upside. illbe back when the market heats up, right now this is a waste of your money.
check out sndl, it did what you want to see to a T, has nothing but a sell off for a yr+, has noooo volume where i underlined, see?, THEN it has big volume and high percent day where i circled, also the arrow shows the price beginning to cross over the 180 SMA on the daily, all this was a huge indication to buy it and swing it for the next leg up, i made 40k on sndl because i identified this pattern and it applies to any stock thats hyped or hot sector
EARS to they kept it at around $1 for 9 Months
$EYES not ears
see where i circled, you had many opportunities to spot an entry on that run up
there is $CDIX
$vacq such a buy, i loaded up!!!
i checked out the chart and its yet to have a real big up day with crazy volume, once that happens, definitey getting back in after that surge could work.
lemme try to find OTC charts to illustrate what i mean
check out $gaxy, $opti, $abml on the daily/max chart, look back last year when they got their initial high volume spike days that started there entire year long run, then compare $cdix to them, seee how it hasnt has those high volume high percent up day/s yet? it needs to do that to make it even good odds imo
Yeah I'm waiting for promotion on it because if I can get in on the first tweets then I can skip the dump and even with 14% commission or maybe 7% depending on size the gain will far outweigh it but I'm just watching. I'm glad you posted about this pattern because I thought about trading like that but nobody else did it so I figured it didn't work.
$npa looks like such a buy, I had to go in huge size, odds it bounces back are just toooooooooo good for me not to load the fuck up. this to me is easy easy money idk if you guys see it
this chart is screaming its going to retest those old highs of $3+ i am fucking alll in pretty much tomorrow, no joke this is a FGD pattern just like $ebon i pointed out right before it had its 2 day run and 77% increase.. my god. just buy this stock lol its going up up and awaaaaayyy
@MikeySaghbini Which stock is this? I don’t see the ticker. Thanks for sharing! Good luck!
brutal fake out, best of luck to anyone who was in this, i myself at losses on this, all my profits i made earlier were taken from me
still bagholding $amlm, $snpw, & $sndl, im not letting go. they are gonna come back. lol ive seen this before!
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