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EZTrades
1
EZTrades Jan 20, 18 6:36 PM

Just remember, you must learn how to lose before you can win. Tim G blew up his account SEVERAL times before becoming profitable. Keep at it brotha. Cut down position size, stick to your plan, and most importantly, cut losses quickly and move on. Learn from your mistakes.

AltonDinger
1
AltonDinger Jan 22, 18 7:26 AM

Yes, it hurts to lose. But, I believe that you are building your trading character and wisdom. I have learned from Tim.I only use about 10% of my portfolio to stop the pain.

Mpalex
2
Mpalex Jan 22, 18 4:23 PM

It's not a loss if you learn from it, but tuition.

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Jacko23

@Turbobob Hey Bob, do you have any reference where to properly study and get familiar with ABCD pattern? Do you use it for swing trades? Thanks and happy new year!

Jacko23
Jacko23 Jan 15, 18 3:35 PM

That would be great to have a video on it. Why do you think abcd is not suitable for swing trades?

Turbobob
Turbobob Jan 15, 18 3:55 PM

It maybe, but I have only used it for day trading. You would have to back test it to see if it works for swings.

Turbobob
Turbobob Jan 15, 18 9:04 PM

No sense in re-inventing the wheel then....

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Mpalex
Mpalex Nov 26, 17 3:35 AM

@Turbobob Hey Bob, I am interested in how you estimated the top of the channel for ACBFF. I went long on the breakout over 5.45, with the conservative goal of the stock testing the round number 6.0. Normally, I have patience issues holding a stock on a clear sky breakout, so your method of estimating price levels overhead in such a situation would be extremely helpful for me. Much appreciated!

Turbobob
2
Turbobob Nov 26, 17 10:57 AM

The measured move comes from the break out above $2.34 to $5.45 ($3.10). Add that to the pull back low of $4.00 and you get $7.10. So, my price target is in the $7.00 to $7.50 range. If you draw a line connecting the lows you will get a rising channel line. If you draw the parallel lin through the high you will see that the top of the channel is in the $18 to $29. range. That is the potential for it. Long shot, but potential.

Turbobob
Turbobob Nov 27, 17 7:48 PM

No problem. Happy it helps.

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Turbobob
2
Turbobob Nov 08, 17 9:02 AM

There is no doubt that there is a lot of work invovled, but the hard work pays off.

april4
april4 Nov 08, 17 6:15 PM

@Turbobob hi Bob...i listened to your interview on YTube that ITWilson took. similar to that, it will be awesome if you can take a video and share as to how and why you set your alerts, how do you create your WL, etc..

Turbobob
1
Turbobob Nov 08, 17 6:23 PM

Thanks. Let me see what I can do for a video.

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MK1996
MK1996 Dec 07, 17 10:38 AM

Update on the brokerage. lol. Got with ETrade, I can't get used to their ETRADEPRO platform after using STT for a couple weeks. It seems really confusing. But thank you guys for the help. Just put 5k in ETRADE

RMcInarnay
RMcInarnay Sep 28, 18 10:45 AM

If you keep 100% equity on your short then you don't get charged interest. ie. you have $2k in your account and you short $2k of a stock then there is no interest. Also, E*Trade does not charge interest for intraday shorting, at least that's what they just told me.

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Jonk87
Jonk87 Oct 09, 17 1:26 PM

@Jane_kenney I'm quite sure you're likely not profitable yourself otherwise you would know the answer to your own question.

Mpalex
1
Mpalex Oct 10, 17 4:45 PM

Dude, when you go r/g there has got to be some massive party for the chatrooms! Keep at it!

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