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AbdulQ
1
AbdulQ May 25, 7:49 AM

Great video. I'm really liking the detailed explanations. One thing I didn't quite get was how you manage your sell orders on these otc's. I noticed at one point the bid was like .0129 and the ask was .013, but you slapped your sell price in at .0112. Is that similar to selling at the bid?

ArtOfWar
1
ArtOfWar May 30, 5:15 PM

@AAlmujahid I account for slippage. I typically set my sell orders lower then the bid because I just want out. With OTCs I’m really focused on that because it is so hard to get out sometimes. Also I set lower because I want to give the stock maximum opportunity to hold and if it can’t I’m still able to get out decent without panicking and having to re-enter my order and causing more damages in losses.

AbdulQ
1
AbdulQ May 31, 7:46 PM

Got it. Makes sense.

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Received 24 Karmas
Crazey_Canuck
1
Crazey_Canuck Apr 05, 7:30 PM

Thank you Ellis I was going to trade this Thursday watched and learned instead actually I was waiting for a pull back however didn't break 3 when I was watching it then closed 3.19 and I always have to keep in mind a o/n play because of work isn't going to work right now. Anyways blah blah blah I thank you once again for all the work you put truly grateful my friend Peace out!

Radmacher
1
Radmacher Apr 06, 1:42 PM

Great trade watch this happen was a good move.

jakemcg36
1
jakemcg36 Apr 21, 7:23 PM

Thanks for the video! Identifying where support is and how close or far away is something I definitely look for when Im looking to buy into a play

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Received 25 Karmas
jakemcg36
1
jakemcg36 Apr 21, 9:32 PM

Losses always sting but they always teach the greatest lessons. Not only can you learn from your own but also from others mistakes. Thank you for sharing! I learned from it

AbdulQ
1
AbdulQ May 29, 10:45 AM

Small losses created bigger losses if you don't tighten up! I can definitely dig it. Seems to be my biggest problem with day trades.

ArtOfWar
1
ArtOfWar May 30, 4:48 PM

Absolutely. Not about what you do in a trade most of time. It’s bout what you don’t do. Holding losses and hoping is not a winning strategy.

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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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Received 26 Karmas
Crazey_Canuck
1
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
1
Boxa Feb 17, 4:34 AM

Thanks Ellis

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ducksgirl1531
1
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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