MikeySaghbini

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.

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MikeySaghbini

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.

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BigZ
1
BigZ Aug 09, 23 11:59 AM

I love this strategy. Sounds very simple but need to be on the point with the rules following.

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MikeySaghbini

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.

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MikeySaghbini

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

Mickygadfly
Mickygadfly Mar 05, 21 12:43 PM

EARS to they kept it at around $1 for 9 Months

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MikeySaghbini

$vacq such a buy, i loaded up!!!

MikeySaghbini
MikeySaghbini Mar 04, 21 7:53 PM

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.

MikeySaghbini
MikeySaghbini Mar 04, 21 7:53 PM

lemme try to find OTC charts to illustrate what i mean

MikeySaghbini
MikeySaghbini Mar 04, 21 7:57 PM

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

Mickygadfly
Mickygadfly Mar 04, 21 9:13 PM

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.

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MikeySaghbini

$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

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MikeySaghbini

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
MikeySaghbini Feb 25, 21 8:58 PM

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

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MikeySaghbini

ended the day up a good bit, but, im holding my nuts on $amlm & $snpw, both i will average down if they drop 50% or more, other than that i wont do shit, im holding my position, these will come back. not scared.

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MikeySaghbini

$ebon is now of great interest to me because im seeing its displaying some of the character criteria for my "long term trend run up" pattern, its IPOed last year and now it looks like its finally back on the uptrend, i circled where it had its big volume days initially and percentage day that started this new run up, where i pointed the arrow shows the old highs where bagholders sold into it crushing it, then it consolidated sideways again. last trading day this thing had a BIG FGD, i think its time for this stock to go back on the uptrend, and its in a hot sector, its crypto. all the pieces of the puzzle are coming together, im bullish on this, i will enter it monday for a long hold for a reattempt at double digits.

Sky_Hi_Trading
Sky_Hi_Trading Feb 18, 21 8:57 PM

killin it bro!! great job! you have the vision now to see the gems! congrats!

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MikeySaghbini

CTRM also showing in late dec. "long term trend run up" pattern, on the daily and see how the volume spikes and it gives this stock high percent days? (thats where i circled) this was when this stock was back in play, then it creeps over the SMA180 on the daily, you should have been buying this at its range of consolidation that i underlined after seeing this change of trend, risk managment you figure out yourself, im still trying to. im just showing you there is clearly a pattern here, i will keep posting findings.

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MikeySaghbini

okay okay i finally figured out a name for this pattern its "long term trend run up" once again , $mcoa is exhibiting the pattern criteria, it has no real volume relative to all prior trading until recently and then it perks up over the SMA180, once again you should have been buying this once it sold off and found a range of consolidation, where i underlined, you have to have faith in the massive volume and wild percent gain day, to trust the sector and know this stock is finally back alive and in play, its SO important to get in right after this big change in trend, because THAT IS THE BEGINNING of a MASSIVE RUN, $$$ fuck your little profits, you can infact make sixfigures on these stocks with a fraction of the cost if you just hold it long term.

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Mickygadfly
Mickygadfly Feb 12, 21 8:35 AM

I did something like this on TTCM because yuou can see how it almost always goes up like 100-400% from the bottem of the range and i killed it on that one but never tried it again because its basically guessing but it sounds like you have a better plan on it than me.

MikeySaghbini
MikeySaghbini Feb 12, 21 8:35 PM

risk managment on this approach i have yet to figure out, lol, its more like having "faith" that its going to uptrend for about a year, look at $nio for example, last year it was trading on high volume and hype all year, went from 2$-70$, i say buy in at ranges of consolidation, and hold your nuts, also only add to you position wisely on the up or downside.

MikeySaghbini
MikeySaghbini Feb 12, 21 8:37 PM

just look at all the long term trends of any stock that was super hyped last year and was brought to life on high volume, and see the comparisons in this entire sector run up, i think this is just the beginning of a long rally for cannabis.

Sky_Hi_Trading
Sky_Hi_Trading Feb 15, 21 3:22 PM

Thanks for sharing your findings!! I think SIML may be a good one. Just bumped up from a long consolidation!

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