LibertyBelle

Paper Traded $AITX again today for an afternoon consolidation play Entry: $0.1782 Exit: $0.169 Shares: 7500 Loss plus commission: -$79.03 Percent gain: -5% I got in at support around 1:45pm eastern. I set my stop to 0.169, looking for continuation up to test HOD, and maybe push through to 0.19 resistance area. Not planning to hold o/n. Held okay until a little after 2pm, then dropped below my entry level. Still held until 2:30pm when it cracked and hit my stop, so got out with a small loss.

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LibertyBelle
LibertyBelle Feb 24, 5:13 PM

Should have left AITX alone after I played it in the morning. OTCs have been weak in the afternoon, and just proved it to myself, lol!

StefanSchwarz13
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StefanSchwarz13 Feb 24, 5:14 PM

@LibertyBelle Yes, I saw Ellis' message and have been more careful. I did okay today. Was just antcy to consider buying SNDL or NAKD after hours to hold overnight. But I pulled back. I don't need to take the chance or risks. Tomorrow is another day. I started watching TimLine DVD today. My DVDs should be here on Friday, as I checked with Christine again. I'm going to have them charge my card for Lifetime Challenge next week

StefanSchwarz13
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StefanSchwarz13 Feb 24, 5:31 PM

@LibertyBelle I figured it is time. I don't know what the future is going to be with working from home and I would rather have life or 5 years or so to watch and learn all of this stuff, so I can be successful and retire early in 7 to 8 years ideally!

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Totipotent
Totipotent Feb 27, 3:38 PM

@ArtOfWar thanks you so much! If i am not mistaken after your exit it dropped, significantly!!!! That is always such reinforcement when I get out and it tanks, like yup ... wasn't doing what I wanted.. great trade review

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vp_trader
1
vp_trader Feb 24, 1:13 PM

great vid Ellis. Thx man.

Trade2BFree
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Trade2BFree Feb 24, 6:43 PM

Lots of good info! Thanks Ellis.

ArtOfWar
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ArtOfWar Feb 24, 8:00 PM

@tatievj The guideline of the 20-30 rule is something I have studied over time as that is pretty consistent. I recommend starting with consolidation afternoon plays. Very clear and direct of what the stock wants to do near EOD. Ideally you want to start to analyze around 1:30Est and look for the break to the upside towards HOD. Review my videos. Plenty of them

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Aiden
Aiden Feb 24, 1:08 PM

yeah man would deffo like more vids :)

Valik_Vista
Valik_Vista Feb 24, 6:58 PM

I really appreciate your video... so much useful info!

RIKROS
RIKROS Feb 25, 12:13 AM

Hi, I recently started listed stocks trading. I would like to trade OTC stocks. May I know which is the best brokerage company to trade OTC stocks. Thanks!!!!

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BenK7LB
1
BenK7LB Feb 16, 12:50 PM

Thanks Ellis for sharing

Crazey_Canuck
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Crazey_Canuck Feb 16, 7:54 PM

Awesome Ellis 2nd time watching tonight I always look forward to your videos, I been keeping my eye on bitcoin it's trying to get to 50,000 just looked at it and it's hovering around 49,400's. Hopefully nothing happens till Friday when I can be in front of the market. Anyways have a great night make sure to read those beautiful kids of yours's a bed time story they grow very fast my daughter is getting married in May. Lets Win Peace Out

Boxa
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Boxa Feb 17, 4:34 AM

Thanks Ellis

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LibertyBelle

Accountability post 02/01/2021-02/14/2021 I watched most of the live webinars and video lessons emailed to me over the past two weeks. The two that I missed I plan to watch either today or tomorrow. I am halfway through with watching my mentor's videos. I plan on finishing this up in the near furure, and I want to start watching the watchlist videos he posts too. I created a watchlist for him every day the past two weeks except the day after my disastrous $SLV trade. I took this day off to remove myself from the market and to collect my thoughts. I have been doing very well on my watchlists. Ellis is really happy with my strategies, and gives me pointers on the ones that need work. I have been trading off of my watchlists, and I have made a few small gains. I am still listening to "Hedgefund Market Wizards" by Jack Schwager. I took a break from lifting weights because of a pinched nerve in my back, so haven't I been hitting the audiobook as much. I am still listening to Michael Covel's "Trend Following" podcast when I am driving around the city. I finished reading "Reminiscences of a Stock Operator" by Edwin Lefevre. It was a good book, and it taught me a lot about market maniputation and trading in general. It was hard to follow in some places, because there is slang that he used that is over my head. I got the gist of what he was saying though, and I found it helpful. I started reading "Dark Pool Secrets" by Stefanie Kammerman. Wow, Wow, WOW, what a great read! I couldn't put it down, and I finished it in one day! There is a companion DVD that came with it that I plan to watch today if I get time. She doesn't just talk about the dark pool prints in the book, she also gives her day trading and swing trading strategies and the technical indicators she uses for high probability trades. She definitely matches my technical trading style, and I love her system. I can't wait to test it out with some options paper trades. The next book I am reading is "The Psychology of Trading" by Brett Steenbarger. I purchased Tim Grittani's "Trading Tickers 2" DVD, and I have watched Chapters 1 and 2. So far, I am pleased with it. I am looking formward to the chapter on spreadsheets. I have been watching the market everyday. I check tickers that other traders call out, and I determine if they are tradable ot not. It's a little excercise I like to do, but I don't trade them. I am starting to see the difference between a high probability trade and a trade that isn't worth it. I was able to sit on my hands all day on Friday the 12th even though one of my picks ALMOST lived up to my plan. I am glad I had patience, because it ended up failing. I am still sticking to my professional routine, and I am very confident of my success in the future!

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gil_fl
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gil_fl Feb 14, 12:14 PM

How exciting! I am going to have to look for some of those books myself.

StefanSchwarz13
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StefanSchwarz13 Feb 14, 4:29 PM

I'm really happy for the way things have been going for you. I need to start listening to those audio books, just to get other perspective and additional information. I probably should read that book you reference by Brett Steenbarger.

LibertyBelle
LibertyBelle Feb 14, 4:49 PM

@StefanSchwarz13 it’s supposed to be one of the best books on trader psychology there is. He was interviewed in one of the Matket Wizards books, I don’t remember which one. It was a great interview.

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Boxa
1
Boxa Feb 11, 3:36 AM

Great insight. Note to self, all about the process. Thanks Ellis.

ducksgirl1531
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ducksgirl1531 Feb 21, 4:41 PM

Ellis, can you tell me on TRXC when you entered in at around $6.30, what was your support level? Its hard to tell in the chart what it was and Its hard to see if it tested that level and broke and thats why you exited with a loss? I have seen other videos that you will try and watch it bounce so that your loss isnt as severe or maybe even green. I just don't totally understand the exit other than knowing you were red in the trade. Hope this makes sense Thanks!

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