SuperMario8

Hello Traders, I just want to make a quick post for those traders out there who are struggling like me. Its okay to fail, fail, fail, fail, and fail again. That's how you become great. It reminds me of a famous quote by Michael Jordan, "I've missed more than 9000 shots in my career. I've lost almost 300 games. 26 times, I've been trusted to take the game winning shot and missed. I've failed over and over and over again in my life. And that is why I succeed". Failing as you see is part of the process, when you fail you become smarter, stronger, and that's how you know what works and what doesn't. I compare a trader like an athlete, and like an athlete you have to train, you have to sweat, and experience pain. At the end of the day, if you put in the right work you will get rewarded. I hope this blog post motivates some of you struggling traders to stay in the game, and to put in the work. Lets get to work guys! SuperMario

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ShhBrad
1
ShhBrad Mar 16, 15 6:57 PM

Thanks for posting this quote!

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SuperMario8

Hello guys we are about to end the month of October, one of the craziest volatile months I ever traded. I am excited for November, because of earnings season. Wish you guys all a profitable November month. :)!!!

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SuperMario8

Hello Guys! Summer is about to be over, I can finally focus on my trading again. I been studying a lot, and reviewing a lot of Tim's video lessons. I look forward to posting more trades, and these time going for the bigger bank.

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SuperMario8

Hello Guys! I have been studying InvestorsLive Texbook Trading DVD by Nathan Michaud. I highly recommended. It gives multiple type of Chart patterns to look for.

tanu1980
tanu1980 Aug 29, 14 8:48 AM

@Kev2128 thanks a lot :)

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SuperMario8

For those who want to know the formula for Risk that I learned from Tim Grittani's blog here it is, (Max $ your are willing to lose) divided by (Risk of trade) = The # of shares you should buy. Risk = (Resistance of technical breakout) minus (Support Level) Ex. PXLW resistance level is 7.44, Support level is 6.55, that means that 7.44 - 6.55 = .89. Risk equals .89 ($20 I am willing to risk losing) / (.89 Risk) = 22 Shares I should buy of this stock ex. If PWLW break resistance of 7.44 then I will buy 22 shares hoping for a breakout. If stocks doesn't breakout how I wanted and if it trends down below the 6.55 level, I will sell to cut my losses of $20 dollars. I hope this explanation helps guys, again I recommend you to read Tim Grittani's blog it is awesome. http://www.tradetheticker.blogspot.com/

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SuperMario8

For those of you begginer traders outhere like myself, you guys have been noticing that my trading lately has not been going very well. I believe it is because of my focus. There are so many trades and chart patterns that sometimes is hard to focus one sort of pattern. I have to remember that this is a marathon not a race, so I have really prepare myself every single time before I make a trade. For now the pattern that I am going to be focusing will be buying technical breakouts, whether from a contract win, or an earnings winner. I will also be using risk management techinques that I learned from Tim Grittani's blog.

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SuperMario8

Hello guys, I just wanted to give an update on my trading, for those who follow me. In the couple of days I have been changing brokers. I changed to Etrade because they have a promotional event. If you deposit 10K or more you can trade free for 60 days, and if you deposit 25K or more you can an additional 200 dollar into your account. So I have been busy depositing the money. Also last week I took a spring vacation to Miami, FL, a beautiful city, with great weather, I was glad I was out of Chicago, to escape the winter weather temporarily.

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MarcMunoz

Here is my website and email. Feel free to contact me but please don't add me to any list or send me junk. I am willing to help beginners get started much as I can and as long as it does not interfer with my ability to trade. RMarcMunoz@gmail.com http://munozinvestments.weebly.com

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jplux21
jplux21 Mar 24, 14 3:38 PM

Believe me, if I ever acomplish that (which is not my primary goal) by getting your help, I will not forget about you, instead you've gain a friend for life. If I ever complete a goal like that, I'll bring you here to see where I lived... Then I'll take you to the good stuff this island has which I can't afford right now..

MarcMunoz
MarcMunoz Mar 24, 14 7:18 PM

I am sure you will do great. It's great to have you as a friend Juan. Take care.

jplux21
jplux21 Mar 24, 14 10:25 PM

Thanyou, I'll work hard wo everything goes well. When I finish going thru the videos on your site and your site as a whole, I'll open up an acct after a research on brokers... and before all of that I'll call your or something, let's see what happens, I'll take this serios as it is. Thanks my friend, finally someone willing to help.

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SuperMario8

Hello Guys, I just wanted to add that learning how to read Level II is critical to your success as a trader. Without Level II is almost like trading blind, because it is hard to predict where the stock is heading without looking at the Bids, and Asks, and their sizes. I recommend you to YouTube free video tutorials. Level II was the reason why I was able to dip buy LQMT at the right time. That's the reason why I been losing the last trades, I been trading with my TD mobile app, using my IPhone, which does not show the full details of Level II. Have a successful trading week. SuperMario8

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