Noob question what does ATM mean?
@Molonelabe at the market, they can dump shares at market price it usually results in the stock having a really hard time going up, usually it just fades all day
@aidan222sharpe exactly
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@aidan222sharpe Mister aidan why no more youtube videos? you are a fucking beast, i loved your videos
hey! yeah its been awhile. ill start making more daily videos within the week. sorry about that!
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they have studies out that show if you go for a run right before you study it helps you remember what you studied long term, and if you go for a run right after you study it helps with your short term memory on whatever you studied. I might of messed it up tho it might be the other way around lol
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oh man those patterns ... I would LOVE to know what those are :) <= big overly winning smile
how much does it cost you to hold HTB overnight? for me its x7 the first night then x1 every night after that. way to much for me
@aidan222sharpe it depends on the stock but most of the crypto/block chain related stocks had rates over 90 to 100% (eg $dpw, $kodk) ... and I was holding those for days. Never again. The fee is annualized over a year/nominal at first but once you start inc bet size, starts to measurably cut into profits.
Great post. What strategies are you playing right now? Sounds like you mostly shorting stocks.
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@aidan222sharpe hey I need you around more often, so far so good, now if I can just get trades to upload!
Depends on what you mean, but yes usually I do, after 220 trades though I don't always put it in the trade comments but you'll find my trades much more descriptive than a lot of traders.
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stay small witg proper risk management. With time size up.
I usually go with dollar amount instead of share size. 2000 shares of a .50 cent stock won't get you much
if you want to see sizing up to quick, check my profit/loss chart haha
You shouldn’t set a position size in general. You should size your position according to the trade setup. Each one could be different
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Also, volume. Watch the volume.
It happens to the best of us.
DCIX looked similar to this the day it went supernova. it spiked at the open with huge volume then faded, then curled back to VWAP. I guess tons of people shorted the spike at the open then got squeezed out. imo it would of been a good buy when it broke hod then came down and tested it as support, or when it broke VWAP but it could of gotten stuffed
the way it squeezed through VWAP reminded me of DCIX so much. you could tell tons of shorts were in this one. this doesn't happen all the time so id be careful looking for this setup on a daily basis (directed towards newer traders reading this)
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GNC was a good buy on the breakout over 4.25 imo or on the dip to 4.50/4.70 any price over 4.70 was to high for me. but still GNC gave some good opps
I would recommend only trading one or two trade set ups, one that works well is the ABCD pattern it took me about 7 months to learn to control my trading an emotions. It look like you are doing the same thing that I have done in the past focus only on one or two trade setups and don't buy anything else until you really get them first.
Thanks guys
@timothysykes I want you to know that I do RESPECT and appreciate you helping me to understand and replying to my comments!
so we have to learn how you promote these stocks as well? you were in the e-mails saying these 5 stocks are gonna run 500% that sounds a lot like promoting and it seems like you are trying to cover yourself now. oh well, ill just wait until they are in play to trade them as rob said
I made the same mistake early on...never play any alerts. Yes I agree about our lost time...it won't be the last promotion.
Well done on your GNPX trade. My trading day starts long B4 market open and I have learned to stick with my plan. When an alert is sent, Ill check it if its one of mine, chat I pop in/out to see if my tickers are mentioned. I am still a novice and I need to stick to my plan and tweak it when needed. Promos are just that promos, they want mony I aint givin. May Your Days Be Profitable
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