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
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there is $CDIX
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 $cdix to them, seee how it hasnt has those high volume high percent up day/s yet? it needs to do that to make it even good odds imo
Yeah I'm waiting for promotion on it because if I can get in on the first tweets then I can skip the dump and even with 14% commission or maybe 7% depending on size the gain will far outweigh it but I'm just watching. I'm glad you posted about this pattern because I thought about trading like that but nobody else did it so I figured it didn't work.
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@MikeySaghbini Which stock is this? I don’t see the ticker. Thanks for sharing! Good luck!
brutal fake out, best of luck to anyone who was in this, i myself at losses on this, all my profits i made earlier were taken from me
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$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.
killin it bro!! great job! you have the vision now to see the gems! congrats!
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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.
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.
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.
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.
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.
Thanks for sharing your findings!! I think SIML may be a good one. Just bumped up from a long consolidation!
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