It's going to be crazy but 'crazy' is what we trade sometimes. We've been told to sell into strength about 12,693,430,491 times so when we are told the 12,693,430,492nd time it will more than likely hold true again for the week ahead. Thanks for the post.

Thanks for all of the information and insight. Greatly appreciated!

Bob, Did you have chance to review ADPT - still one of the big boys dropped almost to 1/3rd of the price. As you mentioned, any reversal this has a lot of gap upside to fill. Thanks for the watchlist again :)

Maybe over $9.15 with a move to $12.00. But the big drop was earnings releated not market related so it will take time for it to consoldiate and recover.

Thank you for this post. Good reminder to trade scared. In the context of trading scared I always remember Tim saying: "If a trade isn't doing EXACTLY what you think it will, just get out, whether it's up or down."

Thats why we have risk levels, whether previous day higj or low, premarket high and low and for some they use fibonacci levels based on those same levels either way you have to trade scared and trade smart. This is why Trading Tickers is such a great DVD in my opinion because it shows Grittani and his entries and exits and shows a fair amount of his psychological hurdles.

Amazing post! I am brand new trading real money. For the past eight months I have been studying like crazy, almost obsessed like. Starting in December I will make the leap to trading real money with a small account. Your post inspired me even more to keep studying harder, and to get in the right mindset that I do not need to start with a big account. I am excited for your next blog post to come out.

Thank you for the post - it is truly inspirational - I started with losses but then built up and reached a 50-50 win-loss percentage and did the unthinkable - traded too big, became greedy even though I was making a profit and did not sell when the profit turned to loss and now my money is stuck - now all I do is study

What I've learned is that no matter what your strategy is, if you don't feel 100% about entering a position then don't. I would say 90% of the time I'm glad I didn't because the stock tanked soon after I was thinking about entering. The other 10% of the time I would have banked if I entered like SYNC today. Plus I think scalping gets your feet wet a little, so there's nothing wrong with it as long as you don't make it a habit

Great strategy. You will miss out on some moves but you will not be down 35% before you get up in the morning. I am going to start scalping personally. I have literally watched 15-20% gains morph into 10-15% loss waiting on a 50%+ move. I need to focus more on singles instead of homeruns. Hang in there.

I think the best idea you've got here is to just watch SYNC and learn from it. I've also learned a lot about not chasing(the hard way) and if a stock has moved outside of your trading plan just sit back and watch it.

@Rollingball Your 100% right, ive been getting crushed because I've been buying speculative stocks hoping they move. Even knowing that hope is not a strategy. But I think even if you didn't pull the trigger, just sitting on the sidelines watching these earnings winners like SYNC in action are perfect ways to a feeling of the market.

@SHOdMONI exactly! Well said

thats awesome dude

Amazing trade!!! Enjoy a treat!! Staying humble makes smarter trades!

very nice

you killed it dude!!!!

Thats why you need Etrade Pro

YES!

etrade pro is the best!! I like Interactive Brokers to execute my orders and because I'm very short biased so IB has more shares to short, but I'll use etrade for charting all the time. and now they have VWAP?! ...etrade is killing it

Baby steps. Once you gain experience, then you can play with the bigger tools. Etrade is a good starting point for everything.