gghsusa

@Turbobob Would you mind taking a look at these charts? Doesn't it appear gold is going up to test the long term down trending angle? If true, NUGT should be going up to bounce off around 40. As you say, the trend is your friend and I've observed some MAJOR potential plays. XAUUSD on the daily and NUGT on 4 hour.

Turbobob
Turbobob May 22, 8:45 PM

Too early to tell on gold and NUGT is mid range. Right now, both are a random trade at best.

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EJWins

@gghsusa Hey man, I noticed you said you use Suretrader. I've been looking at it and thinking about creating an account. Would you mind giving me a little review? Have you used it long? Thanks

EJWins
EJWins Mar 31, 8:49 PM

Thank you! Very helpful! I love the "no PDT" deal, but I think I need to sleep on this one.

gghsusa
gghsusa Apr 03, 12:03 PM

he just released an updated video on suretrader. I recommend you you start with robinhood and practice swing trading one day to the next and get a good charting problem (I use tradingview)

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Bryan3121

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gghsusa
gghsusa Mar 30, 6:01 PM

Good work man. It does feel good to know it works but it can really put you down in the dumps if things don't work out... It tends to instill fear come the next trade.. uh, gives you that deer in the headlights feeling.

gghsusa
gghsusa Mar 30, 6:07 PM

Just to share with you- I'm trying to stay away from the highly volatile stocks until I get much better. I've recently moved over to suretrader so I can use 6:1 leverage and play slower moving stocks that move 1-3% intraday. With just a $2k account, I have $12k buying power... 3% win with $12k = $360... Even the 1% wins are worth it! Don't jump in these wild moving stocks without quick OUT (i.e. hotkeys). If I jump in one, I set a limit/market sell should it go down and have my order ready t

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Tone

gghsusa
2gghsusa Mar 28, 1:17 PM

Look back a few days and draw your support lines. You increase your chances a lot by finding a strong support where the stock is headed. I've been in a few failed bounces just because the volume was low... Strong support with high volume normally means good bounce. Chances go way up

Tone
Tone Mar 28, 1:34 PM

Good idea, thanks for the advice.

Tone
Tone Mar 30, 4:05 AM

Just going to add: From Tim's watchlist 30th March: 'why in the world are you buying one day runners with no great history of multi-day spikes? When I successfully dip buy EMMD and VRAY, they have been running for SEVERAL days in a row' ......but he also dip bought ZAIS which doesn't fit that pattern...although it did spike the day before on earnings.

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gghsusa

@Jason_Raposo Nice work today - I observed your posted trades! I'm hoping to catch up with you guys soon. What are your thoughts on $DUST tomorrow? Will it continue to dip with gold going up? Good time to buy the dip, etc? Thanks for any input.

gghsusa
gghsusa Mar 31, 6:17 PM

So when it falls, it falls fast.. goes slow at the peaks (and the dips?) ?

Jason_Raposo
Jason_Raposo Mar 31, 8:31 PM

Trend change tends to repeat itself. I'll Short at the top when it starts moving dowward. Of I'm long I'll simply buy when it bounces off the ground. It will just click when ya discover what I'm talking about.

Jason_Raposo
Jason_Raposo Mar 31, 8:33 PM

I'm trying to point out when it hits the ground the bounce. That is when I'll Dipbuy

Jason_Raposo
Jason_Raposo Mar 31, 8:34 PM

Answering your question Yes !!!!! It will follow a similar breakdown.

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Tunde1306

gghsusa
gghsusa Mar 27, 10:49 PM

I recommend going to finviz.com and playing with the screener parameters at the end of the day to find potential trades... for example, I'll give you one I'm playing with... These are stocks that have been UP and stand a chance of continuing a bullish run: http://finviz.com/screener.ashx?v=311&f=sh_curvol_o200,sh_price_u20,ta_change_u,ta_changeopen_u,ta_perf_dup,ta_perf2_d15o&ft=4 There are so many things to look for.. this is just one of many examples but I'm personally looking for smaller run

gghsusa
gghsusa Mar 27, 11:02 PM

I've been aiming for smaller gains on stocks that are less volatile so I have time to practice. Some of these stocks will burn you fast if you're not prepared. This is some hard work

Tunde1306
Tunde1306 Apr 06, 1:17 AM

The screener isn't really helping me decide if I trust holding it overnight or not. I think smaller stocks that are less volatile is probably the way to go as you said here. For now though I'm just going to avoid overnights for now.

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gghsusa

@Turbobob TDOC... about to take off? Looks to have cleared long term resistance. I would expect it to fly to 28... Are you watching it?

Turbobob
Turbobob Mar 24, 2:55 PM

I've been writing about it since it broke $19.00

gghsusa
gghsusa Mar 24, 3:21 PM

I got in at 25.40 and out at 25.60. I think it would have taken off with volume. Looks like it's clear past 25.30

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colossus123

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sealwg
sealwg Mar 24, 2:21 PM

a little embarrassed to say 50 shares...also played it long on ThinkOrSwim live screen (not the delayed ticker), and my long at the amount I could do on paper (1,000sh), would have netted me over $6K. Something to look forward to when I can go long with that size position.

sealwg
sealwg Mar 24, 2:23 PM

I was concerned when I had to see the close, at 4.64...afraid of the short others were playing...but when it stayed over $6, I could go to bed without too much worry...

colossus123
colossus123 Mar 24, 2:23 PM

@sealwg Exactly. Don't worry about the numbers now. Worry about making the right plays and having a strong winning percentage. The rest will come$$$

gghsusa
gghsusa Mar 24, 3:03 PM

WOW! Now that's some movement...

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Turbobob

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keelos
keelos Mar 20, 2:59 PM

You swinging $KEM as it broke through resistance?

Turbobob
Turbobob Mar 20, 6:58 PM

I would have a stop loss below $4.50. But chart looks fine.

wellwater1
wellwater1 Mar 20, 6:59 PM

I bought FATE at 5.04 today and I'm holding it overnight. It looks to me like it's gonna crack tomorrow. Do you think the same or do you think it still has potential? Thanks.

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Chongette32

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MetalHat
MetalHat Mar 17, 6:05 PM

Best thing I learned was to sell half my position when it has claimed an equal amount to what my risk was. Then I set my stop to the buy price so at worst I have made $ on the first half and broken even on the second. Then, with no way to LOSE money anymore, I let the chart guide me and only get out when it tells me. Took all the nasty emotional/nervously trading away for me. It has been the #1 reason I've been green the past few days, albeit small gains.

MetalHat
MetalHat Mar 17, 6:06 PM

So, for example, if I am in at 2.02 and my risk was 1.92, when it (hopefuly) hits 2.12, I sell half and set my stop to 2.02. Then I can't lose and feel relaxed to let the chart speak to me on the second half of the position.

Chongette32
Chongette32 Mar 17, 10:19 PM

@MetalHat Yeah it's good to scale out when you have a large position but doesn't make sense for me to do it now with such small size. I just need to learn to hold through dips and have a target in mind.

Chongette32
Chongette32 Mar 17, 10:20 PM

@IceMan14 It is but with a few more trades I think I should feel more comfortable. It's all practice and experience

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