@REED314 Just wanted to take a second and congratulate you on your trade on LFIN. I'm sure those results came with countless hours of studying. Well done!
Also I just released this helpful video for free on youtube. https://www.youtube.com/watch?v=dmB1LUN6yFY
Thank you for the video. After this, I did some more studying to futher prepare for the next crash. I think you would appreciate this video from May 6, 2010 which is the realtime action on /ES that day: https://www.youtube.com/watch?v=0X3UFmhlyuE
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Nice post. Keep up the good work. Was watching HTMM DVD and came across PolisB who Tim references in this DVD who at the time thought would be his next millionaire student. It appears this guy went up quickly to 200k then dropped to 100k. Something I will def learn from is that everyone is suseptible to losing no matter where they are. Wishing you a good wk going fwd.
Thanks for the post. I appreciate your posts. Curious about your journey. Do you use STT for your scanner? I use Finviz. Thanks!
@richesndreams I used STT for about a year. I’m currently using equityfeed
@papajohn Thanks man! And thanks for your latest post. Have a super weekend!
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I was reading this article this morning which is an excellent starting point for using Fibonacci Extensions. I learned about Fib Ext few years ago in a FOREX trading class and first observed how the big players in FOREX use these. The point for these measures are to give predictive measuring points/levels based on the past in the future. Please note that these only work in highly liquid trades (supernovas, high flyers, etc as indicated in the paragraph ABOVE the section: "Using the Fibonacci Extension Tool") If anyone starts using these from my post, please let me know as it would be helpful to have others in the active trades highlight their levels amongst us in active trades such as supernovas like RKDA, PTI, DXR, AMTX, etc. https://vantagepointtrading.com/use-fibonacci-extension-tool-find-targets-reversal-points/
The goal for these using these are maximize the potential gain and know where key levels and have reference points from other measures made by others to gain a better advantage in active trades.
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@BrokeandPoor Was just checking in on you after the other day's chat. Hoping you were doing ok. Wanted to encourage you not to give up. You were one of the first on $PTI other day. Just keep going man. Don't let what anyone says stop you. Only thing that matters is what you say to yourself, not what anyone else says.
I couldn't agree more...things can get loud in chat and it really isn't an attack upon any one individual. What matters is your journey, do not give up on this - keep it rolling - look forward to seeing you and learning from you!
Thanks. I'm sure someone will delete these posts too.
Nahh, won't happen...this is the point where you roll your sleeves up and focus in the goals of your journey here...all the other is just white noise...even if it comes from a guru...they do not intend to crush spirits - only insight the hard work it takes to succeed!!!
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@OceanRider If you aren't ready to go that big, use fractional kelly for now. Maybe 3/4 or 1/2 or whatever size feels comfortable to you.
I love that Kelly is about using a system and making things more mechanical. Thank you again for sharing this.
Killer article @papajohn want to read more about this for sure...
Your experience is very interesting and useful to me. Anyone, I think, can get the Lucky status. The main thing is to try. I am a fan of gambling and spend time at Casino Classic ( https://casinotop.co.nz/casino-reviews/casino-classic/ ). I'm really interested in this. I get not only a huge amount of emotions, but I am also energized for life. Try it. I think you will not regret it.
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One of my new favorite videos on buying the dip and caution on placing location for stop losses. FOREX market trader explains. A must watch IMHO -https://www.youtube.com/watch?v=TzKQwttv9IA
PRQR stuffed 2hr 382ma
@TheFirstLadyOfTea well put!
@papajohn Thank you for your honest and humble analysis of your situation. Glad to be on this journey with people like you.
Kudos to you. I probably would have quit seeing such a drawdown. Thanks for sharing your fighting mentality!
Can you post the link to your pod cast
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