@Jackaroo how often do you comment your day trades here. Saw your youtube video and have been inspired

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StockDiver Mar 08, 22 2:13 PM

Hi Jack, Congrats on passing the 9 mill mark. Well deserved with all the time and effort you have put in.

Plathraimund Jul 29, 22 6:56 AM

Once I just started to be interested in cryptocurrency, gradually it became my main income. Now I actively use cryptocurrency lending on the site and of course I recommend it to all my friends without exception, you can trust me.

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BIG FINDING: As you all know I am a short seller but I get in and out and average up on my trades many times (intentionally) and cover on the first large dip/snap. That is very general but you get the gist. I ran all of my numbers on every trade I have held overnight for the past 6 months and found out I am down $144k on them. I also found that if I would have covered every one of them the next day at the low of day I would only have been down 42k on these swings and if i covered at the absolute high of day the second day (would be better of course) I would have lost 140k. This means that even though I am winning 81% of my swing trades after getting squeezed there is absolutely no reason to swing them more than a second day. You get out for the loss and move on. My 19% of losses get too big when I am getting squeezed and it mentally drains me along with taking up buying power. Overall - no holding more than a second day unless I am 99% confident on it. One other note: growing parabolic can be stressful. You continue to size up more and more for percentage of account but of recent I got uncomfortable with some of my larger position sizes. Parabolic is great and I will continue to strive for that but I am toning it down a bit and focusing on consistency - less large random losses - and continuing the green days day in day out. This comes after getting squeezed on NXTP last week and a 52k loss on HX where i was stubborn (havent posted it yet). Good luck to all! Learn from me.

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reverselong Oct 19, 21 10:47 PM

by going over the data on simple metrics you found something out that you can implement right away. nice work. The comment on the sizing up, you hit the nail right on the head. You did take it as far as you could though. Now you just gotta work your way back to size and feeling comfortable with it. You're still killing itt! NXTP is about to be demolished for good hopefully Lol

HolyDonuts Oct 19, 21 11:01 PM

Great post Reed, you are an immense help

Kingsalini Oct 20, 21 7:09 AM

Appreciate the insight my G

ATXTrader Nov 17, 21 12:56 AM

constant analysis is so helpful throughout our trading journey. Thanks for sharing your thoughts on the stress involved in parabolically growing your account. Come back stronger!

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Hi Coach, I caught your podcast on The Friendly Bear Trader. Always great insight from you on becoming a self-sufficient trader. I have learned so much from your approach to trading. Thanks for all you do for the chatroom community.

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yessir Mar 30, 22 9:10 PM


aaronmizellam Jul 12, 22 7:43 PM

Thanks For Sharing Jack! Right Now I'm Doing My Best Sticking With It. Growing my Knowledge Account although my trading Profits are Yet To be Seen which at Times can be hard not to let it be Frustrating. Trusting The Process!

LETSWIN16 Nov 29, 22 12:45 AM

great story jack. you had a desire and faith. thats why you did'nt give up. that is a true uncle who supported you and gave you good advice .I am studying hard because one day im going to reach my goal.thanks again for sharing your story.

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