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asfricksrs
asfricksrs Sep 23, 18 10:21 PM

Thank you for sharing your experience. I will remember all of them to avoid that as Tim says ''don't get cocky'' ''go for singles'' ''cut it early'' and the hundreds of others that echo in my head. Do we ever really ''get it?'' Thanks again..

ThePennySqueeze
ThePennySqueeze Sep 27, 18 10:19 PM

Great post man, couldn't have said it better myself. Exactly what I went through for awhile. So long as you stay in the game though you're on track. Thanks for sharing man and hope to see you in the chatroom more often.

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mickd
1
mickd Apr 25, 18 10:54 AM

Ouf, tough stuff. I also started a blog to document my journey and to somewhat keep myself accountable. You don't want to blog about losing big all the time right? In any case, if you want you can check mine out to help you get started. hit me up on here or on twitter if you want! @mickdostie

asfricksrs
1
asfricksrs Apr 25, 18 11:22 AM

Yang - very well written! Market tuition is a difficult learning outcome to embrace, you did an excellent job. Thank you for the post. As you stated we all do something that causes this type of "classroom time." Good forward plan, again thank you for the post!

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YangLuo

Crossed $10k total profits yesterday! It's been surreal after constantly being humbled by the market during my first 9.5 months of trading. After making major adjustments to my strategy in mid-November, I'm now working on my 18th consecutive green week. I must say, it feels good to have data that shows I'm not just getting lucky at this point. I've traded far from perfectly these past 4 months though - I'm still learning important lessons every week, and I'll never stop trying to improve. Next challenge: sizing up (slowly).

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YangLuo
YangLuo Mar 20, 18 5:16 PM

Shit, sorry, there's a max char limit per comment.

KenKwan
KenKwan Mar 21, 18 6:40 PM

Thanks for sharing all this, YangLuo.

KenKwan
KenKwan Mar 21, 18 11:45 PM

Thanks for sharing this, YangLuo!

YangLuo
YangLuo Apr 18, 18 4:15 AM

Hey there, yes I am, but I had a big loss near the beginning of the month so took a week off to regroup and revamp my strategy. Now taking things slow. Was planning to write a blog post so I need to get on that.

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Acannon

@YangLuo I played ATRS on the FDA news. If this ticker can break the 2.50 resistance what are your thoughts on it?

YangLuo
YangLuo Feb 17, 18 8:33 AM

I didn't think the news was that good initially, but it seems to be reacting well. Bullish momentum right now, but not sure how much farther it can go. Float is too high to really squeeze and there are bagholders overhead that will likely sell into a breakout attempt. Mainly I think there will be better stocks to play.

Acannon
Acannon Feb 17, 18 9:41 AM

Can you explain “float too high to squeeze” and how you see “bagholders overhead that will likely sell”. I appreciate your response! Thanks

YangLuo
YangLuo Feb 18, 18 4:28 AM

The lower the float, the more explosive / volatile the move can be. Most people who bought this stock earlier in the year are underwater, and psychologically will be inclined to sell into strength to minimize losses or break even.

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YangLuo
YangLuo Jun 02, 17 5:26 PM

Hi Bob, can you explain what you mean by a 5 wave pattern? Thanks! By the way, you've been killing it ever since upping your position sizes. Keep it up!

Turbobob
Turbobob Jun 03, 17 10:17 AM

The 5 wave pattern is the Elliot Wave Theory

reitmanma
reitmanma Jun 05, 17 1:25 PM

CONN is working its way up

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Turbobob
Turbobob Apr 05, 17 12:28 AM

The reason it has such big spikes is there is low float. I generally do not short a stock with less than 3 million in the float.

itstraderdude
itstraderdude Apr 05, 17 8:16 AM

@Turbobob Love your watchlists can you make you a video showing us how you make your watchlist and find plays? Thank you so much for your content! :)

Aash
Aash Apr 06, 17 1:53 AM

thanks Bob,

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Turbobob
2
Turbobob Mar 01, 17 9:57 PM

It only represents a guide to follow. You take the reported short interest and divide that by the 100 day average volume. The resulting number is the number of days it would take if only shorts were covering and they all covered. A number less than 5 probably doesn't have much effect. 5 - 10 and a good catalyst and it probably adds momentum to the trade. Over 10 and a catalyst, let the fireworks begin,,,

NickE
NickE Mar 02, 17 6:32 AM

Good morning, Bob. CRBP just announced an offering at 7 dollars a share. Do you think that will have any downward pressure on this stock? Thanks very much!

speeddemon
speeddemon Mar 02, 17 6:55 AM

Thanks Bob, I'm still learning and your explanations are awesome!

Turbobob
Turbobob Mar 02, 17 7:57 AM

Nick - Generally it does.

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SebiSauce
SebiSauce Mar 08, 17 6:13 PM

Great vid Bob -- are you looking at level 2/charts/time & sales on STT when you make your trade or the other trading platform? Thank you

Turbobob
1
Turbobob Mar 08, 17 6:25 PM

I use STT to find the trades for me, but then I switch to my trading platform (DAS Pro) to execute the trade and then watch the level 2. If it is a longer term trade (more than 37 seconds) then I go back to STT to watch the chart with EMAs and level 2.

ksmedic
ksmedic Mar 08, 17 8:08 PM

Great video - Can you give any advice on locating good stocks to trade to someone that right now can't afford a high monthly subscription to a service such as STT?

Turbobob
1
Turbobob Mar 08, 17 8:57 PM

Finviz.com is very good. Even Yahoo finance. I also use the scanners that come with my trading platform at Sure Trader and Interactive Brokers

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