susanfisch

@Palmer hi man! your profits are impressive!!! I just came across this site and would like to start trading. I know zero about trading. Where can i start learning on a budget??? Thanks for your advice!!

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Palmer

 Received 7 Karmas
Palmer
Palmer Mar 15, 8:09 AM

@jesse2gunzz there are so many different strategies and buying options is actually not the best. i prefer to sell to collevt premium and let time erode the value and buy back at a certain % gain per the premium collected. focus on the probabilities of the trade. check into selling vertical credit spreads where risk is defined.

Palmer
1Palmer Mar 15, 8:11 AM

@huperauxano that's the long term plan ut when you also have to pay for a mortgage, truck, health insurance, retirement, etc....there is a lot to cover there!

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petwyt1218

petwyt1218
1petwyt1218 Mar 04, 12:28 PM

I see. Alright I'll keep that in mind next time. Trying to think of what "everyone" is going to do and then being 1 step ahead of them. Thanks a lot Palmer

Palmer
Palmer Mar 04, 1:02 PM

The other side of that is the more times that resistance or support is hit and holds and then finally breaks through, the stronger the move through that area can be...as long as there is volume with the move.

petwyt1218
petwyt1218 Mar 04, 4:39 PM

Yes that I know that too so it comes down to managing risk. I just didn't know how quickly I should react to this type of price action. I didn't think a stock can dip 10% in 1 minute and that I have to be constantly watching the stock. Thought there was some more warning.

Palmer
1Palmer Mar 06, 7:35 PM

These low priced low float stocks are some of the most volatile things to trade...gotta keep an eye on them.

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Palmer

 Received 5 Karmas
matafox
2matafox Feb 23, 6:06 PM

Do you use STT btw? I usually only use VWAP... Can you recommend me some resources to learn more about MCAD and other tools that I saw in your video.... Thanks in advance

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Palmer

@bank_a_tronic liking that profit graph there killuh...

 Received 1 Karma
tomfinn92
1tomfinn92 Mar 11, 3:27 AM

Sara, thanks for the karma on the MOMO trade. WOW, your profit graph is near vertical since December! VERY nice! What's been the biggest help to you for the great gains? Congrats!

bank_a_tronic
bank_a_tronic Mar 13, 6:48 PM

Thanks Tom :) Focusing on the catalyst, dip buy & b/o patterns

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