RC0002653

@Skiwi Have you quit trading?

Skiwi
Skiwi Oct 10, 17 4:10 PM

did it send my reply? test

Skiwi
Skiwi Oct 10, 17 4:14 PM

I haven't quit trading just stopped posting here,I moved to a different niche with higher priced stocks. In fact I took a vacation for the entirety of January from work so I could focus on full time trading for a month, hopefully within two years or so I'll be full time trading. But I see the light far away! though profits and loses are still insignificant, 50$ win here 50$ lose there.

RC0002653
RC0002653 Oct 10, 17 4:29 PM

The guy who made it often post vids on youtube as well, he quite good, and his advice is sound

Join now or log in to leave a comment
Received 1 Karma
Growth4me
Growth4me Sep 08, 17 6:59 PM

Great job cutting losses quickly! I've learned not to trade p/m unless I can sell p/m. For the same reasons you say above.

karubin1224
karubin1224 Sep 08, 17 11:44 PM

hey there, i got squeezed out of a short position on FRTA and didnt get back in at the $6.50 retest because i felt horrible after that squeeze, and man did it suck watching the stock plummet (shorted at $4.39, overlooked a bull flag formation at 9:40 a.m.). we can only learn and grow from our experiences, so good job on your watch list predictions and good luck with using your knowledge to become successful.

RC0002653
RC0002653 Sep 09, 17 9:29 AM

I think you're over thinking things, what is your watchlist on Monday?

Join now or log in to leave a comment
Chaddo
1
Chaddo Sep 08, 17 4:20 PM

Don't feel bad about it buddy, good lesson learned. I did almost the same trade as you, then tried again on the second minor spike - and squeezed again. We were in the right ball park, at the right game, just a bit off on the timing ;-) Multiday resistance around there, with a bad sushi type chart = long term bag holders, making it difficult to spike too much, also, markets were down. We'll do better next time :-)

Skiwi
1
Skiwi Sep 08, 17 6:51 PM

It's okay no worries, my advice is short the higher low - best case you win, worst case - you lose a little, not a happy case - you miss out and a higher low never happens, it just keeps crashing, but you don't lose anything

karubin1224
karubin1224 Sep 08, 17 11:48 PM

@Chaddo hey there, thanks for your reply. i did see the bull flag formation and still got in so thats all my fault, but it is really nice to have a plan that would have played out if my timing was better. i was too emotionally shook to try to short again at the $6.50 retest/failure so i need to try not to let my emotions get in the way of trading. really bad sushi chart and massive short squeeze yesterday made me short-biased today so i am proud that i would have been correct. we will do better

karubin1224
karubin1224 Sep 08, 17 11:57 PM

@Skiwi hey skiwi, thank you for reading/replying. after the spike to $4.45, I was thinking that $4.39 would be the shorter high which was why i shorted there. i overlooked the importance of the bull flag formation as i was so short biased, which was why i got in at that bull flag formation and squeezed out. had i shorted at the second $6.50 retest, the risk would have been way less and i did see that but i was too emotionally drained to pull the trigger. need to watch for next time.

Join now or log in to leave a comment
TimeFliesBuy
2
TimeFliesBuy Sep 08, 17 5:41 PM

I tried starting an account, they kept jacking up my login information, I finally got it figured out then my bank was like "this is shady" then a friend said, "they even have fees for going long that are rediculous" and I don't know anyone who disputed a charge and won so I finally said Nope not going to do it. You're just better off getting multiple accounts with a low minimum broker like Etrade, where you can immediately same day transfer money from one to another.

TerrapinShorts
TerrapinShorts Sep 08, 17 6:04 PM

Stop trying to be a fucking cheap ass, invest in your fucking trading and yourself. Give yourself the best opportunity at winning, there's a reason all the best traders have an account with them and why Tim doesn't really recommend them as a preferred broker. The PDT Rule is a rite of passage, embrace it instead of running from it.

Skiwi
Skiwi Sep 08, 17 6:27 PM

Sheesh, truth is if you use size you can request 9.90$ round trip commissions for every 10,000 shares you trade is there anyone cheaper than that? maybe IB.. idk I don't use IB. SureTrader have a lot of shares to short I'm really happy with that. They have fees for being long on a margin account but not for every stock, idk how it's determined but if you'd like to know more check their short list on their platform, see long margin rate (yes long not short), executions? if same price as market pr

Skiwi
1
Skiwi Sep 08, 17 6:31 PM

that being said don't forget due to hurricane Irma SureTrader banking services are fucked up for the next week or two, also use profitly statistics on brokers, you will see everyone who used SureTrader lost money - I assume this is because overtrading and commissions 9.90$ per round trip minimum or 0.02 cents per round trip minimum, so be very careful with the power they give you.. also 1:6 margin is insane, never use the buying power they give you unless you're buying some microsoft shares

Join now or log in to leave a comment
Page
of 8