Moved somewhere better :)

did it send my reply? test

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.

There's a facebook group made by one of the profitly traders, they have a group chat that gives out real time alerts, you can join if you like it really help me and many others. https://www.facebook.com/groups/smartrader101/

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

I think if you follow his rules - you will make BANK. So many winning calls recently. I will have a better idea in 3-6 months. Still new

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.

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.

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

@RC0002653 none, I am on vacation next week :D

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 :-)

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

@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

@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.

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.

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.

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

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

God damn it, shorts.are put pre market for IDXG

awesome video man thanks a lot you're a great teacher!

Thanks

Tim must be jealous. You are great teacher. no bullshit just straight to the point ! Keep them coming and you'll have your fan base..

Thanks Dux!! I appreciate your teaching us!!!