Days to cover short is just a ratio. YOu divide the short interest by the 100 day average volume and the resulting number is the number of days it would take shorts to cover if only shorts were buyers and they all covered. Anumber under 5 not much difference. From 5-10 and a catalyst it should add momentum to the trade. Over 10 and a catalyst and let the fireworks begin
Thank you
Thank you.
Thanks for the info
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Mr romo how do you know that dux trades were not shorts instead of longs? CBLI makes sense but the gappers(RGSE/OPTT) i dont know, he usually shorts them and rarely plays premarket. i am not 100% certain on this but what do you think?
This is such an awesome post, thanks for sharing cause I appreciate the insight in the millionaires lair. :) Thanks for the comprehensive and detailed information and taking time to do this.
@charliehebdo cmon man. It's simple he bought and sold at a higher price for a gain. Therefore, thats a long play not a short.
@donebeingpoor thanks man! I am honestly doing this for my personal benefit because at the end of the week I replay the week by going through my notes and screenshots. However, if this helps other like yourself then even better! Glad to know that you like it. Late day on Monday I caught terrible allergies that caused me to miss the market on Tuesday and missed a great play on ZPAS #5 pattern! UGH lol Anyway...I'll be back at it tomorrow morning.
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nice!
Thank you Troker!
Thanks!
You welcome donebeingpoor! Get ready for Friday post! Hope it will be shorter, can't promise.
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The U.S. Alternative Uptick Rule The U.S. Securities and Exchange Commission has issued a rule to restrict short selling under certain circumstances. Under the alternative uptick rule, trading halts when the market price of a security declines 10 percent in one day. Once triggered, the rule remains in effect for the remainder of the trading day and all of the next trading day. The restriction does not allow a short sale to occur at a price equal to or less than the highest current nationwide of
offer to purchase the security. In this way, short sales cannot drive down prices without an intervening uptick in price.
@Torkers Thank you.
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The Market does not give a FUCK whether your positive or not. THIS will not make money trading the correct way will. Stay in your Fantasy bubble and tell yourself im Improving.
Thanks for calling me an idiot and posting it on twitter! I was just asking about your blog post content. You didn't have to be so rude.
@donebeingpoor I'm confused who was that directed to?
angel trades
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Nice, congrats, just don't get cocky and take it one trade at a time, remember!
Keep moving man! Progress is progress! Study hard and trade harder! You got this:)
Thanks Everyone! Especially Tim, most certainly will take one @ a time very grateful
Great Job!
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I did the same thing! I've been here for 149 days! Haven't traded as much as you but hey it's all a learning process. I'm proud of you bud keep moving forward!
Hi Phipps, I hear where your'e coming from. One suggestion, why not try opening a Roth IRA account? I started trading a couple months ago with Ameritrade on a cash account and recently opened a Roth. From my understanding, you can trade at will with a Roth, but won't be taxed on gains when tax day rolls around. You can take out an amount less than or equal to your contributions (max 5500), if need be, but any money you gain in the account is tax free. Just some food for thought. Happy trad
*happy trading, lol
Good Luck!








Good Luck, you're doing it the right way in my opinion. Lots of unforeseen obstacles which deepens the learning curve jumping in live without experience.
@GreTa how to get rid of 20 min delay in TOS?
@april4 In you TOS Platform, click on CHARTS, then go to your upper right hand corner where you see SETUP, click on the WHEEL, then click on APPLICATION SETTINGS, scroll down to SYSTEMS, click on that, and then click on QUOTE SPEED, select REAL TIME (no delay). Try that first.
@april4 If that doesn't work, call them and ask for Real Time Data on your Paper-Trading Account, they're usually happy to Oblige, but first try the steps above, it will only work if you have a funded TD Ameritrade Account.
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