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Tunde1306
Tunde1306 May 21, 6:36 PM

You don't really want to play first red day supernovas on the long side. If you do, you're only scalping the dip on a bottom bounce with the expectation to make small gains. Remember first red day is indeed first red day and likely to close red so look for small returns. Since the gains are so small I just stay away from it altogether personally.

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Tunde1306
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Tunde1306 May 12, 10:46 PM

A couple of tips I see. You trade all day. Learn your time of day you do well at (first half hour to 1 hour of open works for me) Also you're overtrading. Try to focus on one good setup for the day, maybe 2. Don't chase a play because it's moving. Weigh all of the running stocks and pick one or 2 solid choices for the day.

Tunde1306
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Tunde1306 May 12, 10:50 PM

Also before you buy, ask yourself "Am I possibly buying too high" Does this even look like it has more room to run or am I chasing when the move is pretty much already done. Utilize past resistance areas on the longer term chart. If a chart doesn't even have a solid resistance level in the past then that means the stock is "choppy". Other traders like myself see there is no real defined resistance either and it'll hinder them from wanting to buy. This is all a psychological game. Learn how the o

Tunde1306
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Tunde1306 May 12, 10:50 PM

other traders think and you'll do fine. Good luck!

Harpster
Harpster May 13, 7:15 AM

@Tunde1306 Thank you for the advice. It is all true and things I need to do to get better.

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9er9erjo
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9er9erjo Mar 29, 12:43 AM

hmm...video failed...3Q earnings report Mar 30.. almost 340M shares changing haaands...whats in the news?

Tunde1306
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Tunde1306 Mar 29, 3:30 PM

I don't trust it. I seen what happened friday but I also remember what happened like a month ago when all shipper stocks randomly started pumping one morning and within 2 hours they all dumped from green to red into new all time lows. Be careful.

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Tunde1306
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Tunde1306 Mar 05, 12:43 AM

He mainly ragged on the whole free commission thesis being a poor excuse to screw over the customers. What Tim hasn't done is revise his statement about free commissions brokers since literally most and probable eventually all brokers are going the free commission route. I wonder if Tim still feels the same way now. But yes essentially Robinhood specifically is the worst, I agree.

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timothysykes

LOL rumors is Robinhood is down again aye aye aye I feel for their customers, but you get what you pay for :)

Tunde1306
Tunde1306 Mar 05, 12:45 AM

I agree Robinhood is trash and I left them when they had outages before and refused to reimburse me but I think you need to revisit your thesis on free commissions brokers now that literally all of them are now going the free route. You can sh it on Robinhood but don't use the free service as a way to throw jabs.

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darrellwayne13
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darrellwayne13 Feb 28, 11:09 PM

"I think I punched myself at least once." Sitting here @ work 12:00 a.m. laughing my ass off. Sounds like what I did recently with the mirror motivation except I didn't punch myself. Sounds like you have enteritis and exititis. Because we lose so much, we're afraid to enter, but when we do enter, we take small gains and don't hold because we don't want to lose. My advice would be to go back to paper trading until you regain your confindence

darrellwayne13
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darrellwayne13 Feb 28, 11:12 PM

Take base hits, keep building your confidence and don't give up.

haafamillion
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haafamillion Feb 29, 9:33 AM

@darrellwayne13 Entryitis I had, yes. But this was certainly the cure. I had no qualms or squeamishness for the rest of the week. Exititis, not at all. I took a huge loss in February last year and since have never been afraid to get out. I paper traded until I was green three months in a row. It took about seven months. I'm confident in my theses, but was overly risk averse when it came to cash money. I'm getting over it. Soon I'll be green on my profit chart. :D

haafamillion
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haafamillion Feb 29, 9:37 AM

@darrellwayne13 Taking base hits for sure. Just check my chart lol. Been red for over a year now and still at it. Not giving up.

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Tunde1306
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Tunde1306 Feb 22, 1:06 AM

What was even worse was that I put more funds in that same day when it dumped to 7, and averaged my cost down and it continued to drop below 6 lmao. Stubborn money makes no money!

Tunde1306
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Tunde1306 Feb 22, 1:07 AM

now that stock trades around 2 dollars today. Have to be careful.

ragincajun83
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ragincajun83 Feb 22, 8:22 AM

Dang my guy. I know exactly what you're talking about because I've done it. Ine time I actually set a recurring alarm to remind "not to buy so early." I appreciate you bro! Have a good weekend.

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