dauber360
dauber360 May 31, 12:09 AM

I think you should try swing trading. The volatility of day trading requires your 100% focus. Keep your job and swing swing trade until your have enough money to day trade full time. Another alternative is to get a job working second/third shift and trade during the day. I don't have STT because I told myself that I need to hit a goal $ before I buy it, but I use the fidelity app alongside tradingview.com and constantly watch the stocks I'm focused on.

cwood
1
cwood May 31, 1:16 PM

+1 for tradingview. also thinkorswim mobile doesn't use a lot of data & I do all my trading from my phone

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Chance_Stearns
1
Chance_Stearns May 10, 4:03 PM

I do data entry so nobody's really watching over my shoulder. I keep my phone right next to me and every 15ish minutes I'll look at the markets and look at stocks I've been watching and if I'm in a trade then I'll straight up ignore what I'm doing at work lol but it depends how serious your job is.

Molonelabe
1
Molonelabe May 10, 4:18 PM

if you work later int he day you can trade in the morning, I get to work at 9am Colorado time, the market opens at 7:30 and I trade until 8:40am before I have to get ready for work and drive there. Most days I am in and out of a trade before work.

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raulmacias
1
raulmacias Jan 22, 7:21 PM

Chris my man, you totally just gave me my aha moment. So, earnings, PR's, buybacks, contracts, etc. are all the same concept? You react to the reaction! It's taken me a whole year of studying my ass off to finally put two and two together

cwood
1
cwood Jan 22, 7:38 PM

You have now gained an edge over everyone that has yet to understand that concept, and believe me there are a lot of those people out there :)

cwood
cwood Jan 22, 7:45 PM

Earnings season should start to pick up next week, so if you want to stay connected and chat about earnings action or setups feel free to reach out on Google Hangouts, that’s what I use to chat with all my trader friends. You can find me at cwood119@gmail.com

raulmacias
raulmacias Jan 23, 5:01 AM

Sweet! Mine is raulmacias620@gmail.com, I will send a request your way. Thanks again Chris!

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cwood
cwood Jan 20, 9:28 PM

That sounds a lot like my situation. I'm also working full time, so I can relate. You might look into buying earnings winners as they breakout over multi month resistance or over the earnings day high. Both setups attract a lot of different types of traders, so there’s a lot of demand driving the price up

Ssolax
Ssolax Jan 20, 9:36 PM

What do you look for when it not earnings season? Thanks for the advice to.

cwood
1
cwood Jan 21, 2:18 PM

I only trade earnings winners and there's enough action to keep me busy all year. There's definitely an ebb and flow of new announcements, but a lot of these stocks offer dip and breakout opportunities for several months after their initial announcement

Ssolax
1
Ssolax Jan 21, 8:35 PM

Thanks again for the input

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cwood
cwood Jan 04, 2:48 PM

@dmatin earnings winners haven't been working well? that's news to me. I only trade earnings winners and I grew my 25k account to just under 100k in 2017. probably could've made 2-3x that but I work full time

cwood
cwood Jan 04, 2:53 PM

@dmatin lol I didn't say that, this isn't twitter

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TimeFliesBuy
1
TimeFliesBuy Dec 23, 17 5:08 PM

Let me add too that I'm glad were both green still and that next year is going to ROCK!

cwood
1
cwood Dec 24, 17 10:53 AM

Hey man great insight, this is the cornerstone of my trading style. Risk management is so critical, but is often overlooked. I keep my avg win vs avg loss at 4:1 and it's hard for the account balance to not go up lol

TimeFliesBuy
1
TimeFliesBuy Dec 24, 17 4:16 PM

@cwood Still possible but yeah difficult. Especially if we're only entering specific trades that we know in and out.

TimeFliesBuy
1
TimeFliesBuy Dec 24, 17 4:21 PM

when I go back through my trades like chopper did, I often notice my win% would've been 80%+ if I hadn't took what I was seeing as "experimental" trades, but thats what makes us learn I suppose.

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cwood
1
cwood Dec 12, 17 7:21 PM

just my opinion but learning how to lose is more important than learning how to win. My worst losing streak this year was like 16 wins out of 60 trades, but I still came out like +5k. that's like 25% win percentage. wins feed the ego, risk management feeds the account

AlredyGS
1
AlredyGS Dec 13, 17 8:51 AM

@cwood nicely put, I appreciate how you gave me the input, really. I was literally thinking that while making the post, you right you can have a losing streak and still profit especially if you follow Tims rules to the T, my thing is confidence and results and not going into a trade every single time like I will lose but I like how you explained it well put my guy. Thanks again

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ren108
1
ren108 Oct 05, 17 9:04 AM

Wondeful read !! thanks

Tone
1
Tone Oct 08, 17 2:59 AM

Really well written. Very professional looking site, I think I can learn a lot by going through the content. This go my attention: 'Breakouts that occur somewhere between days 3-10 are my favorite, and this is when most of the earnings winners with serious legs end up breaking out.'

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GT500
1
GT500 Oct 14, 17 10:47 AM

Ty for sharing, but at what point are you buying? At that b/o or in or are you buying few days after ER in expectation that b/o will happen later? Ty.

cwood
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cwood Oct 15, 17 6:17 PM

@GT500 the "E" on the chart indicates the earnings announcement, so you can see how many days it takes to break out. Entry depends on risk and price action, each play is different

Cbthomas
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Cbthomas Dec 25, 17 5:14 PM

good job keep it up.

papajohn
1
papajohn Jan 27, 11:04 PM

This is great and aligns very well with my current strategy. I will have to investigate this further.

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