Great stuff, Arick! terrific information. Please, keep it coming, sir!
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Glad to have you back in the saddle, Arick! If you need a shoulder to lean on, I know I'm here for yuh! Hang in there!
Right over here in Sulphur, La by you. Just my 4th month into this.
Hear, hear! I look forward to your perspective insights Arick! I really appreciate them. Thank you for all that you share!!.
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I like youre attitude, Angel. Hang in there. All things in moderation. Prioritize and accept that there aren't enough hours in the day, but there is no end to your desire! :) Keep digging and good luck!
Thannks man I really appreciate your comment! (: I do accept (sometimes) lol! Good luck to you too!
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AMEN, Alan! Merry Christmas to all!! Thanks, team of Tim, for all your hard work!!! Enjoy the holiday weekend!!!
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I would recommend you do that first for a time until you're consistently profitable. I had to learn the hard way. Study, study, study! Then, study some more! Find mentors to follow. I follow Palmer, Arick, Tim G., Tim S., Michael C., and Scott C.
This is a race won over time, not in a sprint. Think Marathon! :)
Find a broker who has a deal with free trades and start trading it's the best way to start in my opinion. Everyone does good paper trading. I opened an account with 300 dollars and had free trades for almost a year (really lucked out with the deal they had going) and I learned more then just trading. I gained experience in the different types of trades (limit, stops, market), how I like to trade, violations ( you'll be glad you learn these with a small account) and many other valuable lessons pa
Your going to want to paper trade first off Thinkorswim free practice account.. I started with 3 grand. 2500 is a good amount to start with
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Kick Ass video....Thanks I needed that!!!!!!!!!!!!!!!!!!!!!!!!!!
Thanks for that link, Arick. I like what ET has to say. Time for ME to hold myself accountable to ME. Love the inspiration, sir!
Tru Dat
yeah buddy! like that
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@Lincoln_Hawk *that uptrends I mean
@Chongette32 "Jungle" because it's often a time of fast moving indecision between panic buyers and/or sellers as MMs try to match orders. I guess he calls it the jungle because there's not always a clear path or direction to follow in a jungle.
I agree that the initial surge out of the gate at 9:30 is chaotic. I've found that if I wait for the first pullback, it usually occurs within the first ten minutes after the open. Good time to jump into something if the pattern looks good and it fits with my plan.
@XRenegadeX I've had success before with buying at the open but it all depends on the pre-mkt price action but from now on I'll just wait for the first pull back like you said and only trade breakouts if I see an ascending triangle or a range breakout after the initial spike
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AMEN, Bob!!!! Love it sir!
Stolen for my own personal gain. ;-)
Stocks that have heavy pre-market volume, move up at the open, come back down but hold gains are the ones to watch all day. Just gotta be patient and let the volume come back during the dips.
@kenjiii16 that happened to me as well, it was because i turned off email alerts somewhere and when I verified my email I never got the email response from profit.ly it was odd, I also didn't get 2 of my 60 email lessons thats how I knew something was up.
Kenjiii, in order to find proper entries and exits, you need to study chart patterns, practice watching the time and sales and level 2, and your volume bar. This isn't something you will acquire overnight. This will most likely take months, as it has for the majority of us to see proper entry/exit.
It has become gradual for me. I started trading the large cap and medium cap stocks for a couple years before finding Tim and his video lessons. I look at the chart pattern, volume and look at prior days open and close. I am half way through the HTMM DVD and watched quite a few of the video lessons and still continually learning. I'm looking to keep my profits going.
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