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Crazey_Canuck
Crazey_Canuck Oct 14, 5:14 PM

Thank you Jack lately I have bleeding a small account getting caught in offerings. Mentally devastating, especially now that I am down to 1500.00 bucks. Too be totally honest with you I stepped away from this room for several years looking for the next great guru and going nowhere fast. So a couple of weeks ago I had this thought and I do not want to give up although I thought about several times too much and time invested so that is not an option either. My point is that I came back to the room

Crazey_Canuck
Crazey_Canuck Oct 14, 5:16 PM

I guess I got too long winded basically wanted to say thank you Jack and Thank you Uncle Larry Stick with it

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pokerface
1
pokerface Sep 25, 20 9:57 AM

Thank you! Glad you liked it. What was your thought after SPI went supernova? Did you fight the urge to overtrade or did you watch it and waited for the madness to fizzle out?

TriumphantTrades
TriumphantTrades Oct 26, 20 5:11 PM

Honestly I just had to fight it and stay disciplined

TriumphantTrades
TriumphantTrades Oct 26, 20 5:11 PM

Each time it spiked, it usually had a pretty drastic pullback

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trader1701
2
trader1701 Sep 24, 20 1:21 PM

Yeah, as an afterthought. CUT LOSSES QUICKLY!!!!!!

trader1701
1
trader1701 Sep 24, 20 1:28 PM

I would not recommend buying back in if angry, revenge trading always turns sour for me. If you see an intelligent buy in with confirmation then by all means, but with no anger. That is the worst one can do to lose even more money.

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theShark2020
1
theShark2020 Sep 17, 20 9:54 AM

wow this stock dropped by 10% right out of the gate... i ended up not buying... @timothysykes the setup wasn't there so i ended up not buying... any thoughts on why this would didn't take off?? not sure what i missed

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TriumphantTrades
1
TriumphantTrades Sep 11, 20 2:26 AM

Right, because that lesser high isn’t the high of the chart at that time, just extra resistance which can later be support if it does breakout

BBaccSoon
2
BBaccSoon Sep 12, 20 5:55 PM

Yes, a followup breakout needs to break high of day to technically be considered a breakout. I like to call those little mini breakouts you are referencing as 'consolidation breakouts.' They can be a great gauge for predicting high of day breakouts.

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