Turbobob

 Received 11 Karmas
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

 Received 4 Karmas
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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gghsusa

ftmanglona
1ftmanglona Mar 15, 12:05 AM

For me, with days like today it is best to just watch stocks and papertrade. When the markets are down, the overall trend seems to be bearish and i am not a short seller by any means.

gghsusa
2gghsusa Mar 15, 12:12 AM

the market was acting weird today (snow storm?). Anyway, I should have mentioned I'm also needing stocks over 3.0 per share due to a suretrader margin restriction.

Jason_Raposo
Jason_Raposo Mar 15, 3:19 AM

Look for stocks with better catalyst, volume, News Pr, quarter earnings , chart It's alot safer if a trade fits most of those key factors. If your leveraged up your risk/win reward is multiplied greatly.

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PlanB

 Received 1 Karma
gghsusa
gghsusa Mar 14, 5:09 PM

I am pretty fired up right now over suretrader. I opened an account not long ago to avoid the PDT. I missed a solid dip buy today because I was using suretrader, plain and simple. They decided to throw $TGTX on their list of restricted stocks due to volatility. $TGTX trades over $12-13 and they put a margin limit of 2:1 (down from 6:1) "due to volatility". I WANT STOCKS WITH HIGH VOLATILITY - that's how we make money! So I couldn't get in at all because my order couldn't go through..

ftmanglona
ftmanglona Mar 14, 8:08 PM

I know lots of ppl who use suretrader and like them. I use them as they are my 2nd broker…etrades commissions are like $7 each so its still cheaper than etrade. Never had an issue with them.

ftmanglona
ftmanglona Mar 14, 8:09 PM

Gurus such as Tim Gritanni and Nathan Michaud w/investorslive also recommend suretrader but only if you know what you are doing.

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Turbobob

 Received 9 Karmas
gghsusa
gghsusa Mar 14, 2:56 PM

I am so upset about this.. I've waited for this to cross 12.60.. finger on the trigger but we had a department lunch for my job... BANG up to 13.60 and I missed it

gghsusa
gghsusa Mar 14, 3:39 PM

Suretrader is about to make me blow a gasket. I tried to get back in for a quick dip and missed it because suretrader decided to drop the leverage from 6:1 down to 2:1 and my order didn't go through. That would have been a quick $80-$100 pop but I missed the movement. Suretrader was supposedly started to help daytraders... now they're restricting the leverage for volitile stocks! That's the whole point of day trading,grrrrr

keelos
keelos Mar 15, 10:02 AM

CMCM moving - thoughts?

keelos
keelos Mar 15, 10:02 AM

looking for continuation?

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spidereyesoup

 Received 2 Karmas
gghsusa
1gghsusa Mar 13, 11:16 PM

I would agree with this. Fear is crippling. Some of the worst decisions I've made in my life were done in a state of fear. The best one's were made in confidence (but with caution) - confidently cautious.

bigman
1bigman Mar 13, 11:49 PM

Good point. Even though Tim says to "trade scared" it is important that fear not be one of the leading emotions you trade with. When he says "trade scared", I think what it means is to always be aware of risks, always be prepared for shit hitting the fan, etc. Confidence is important!

friesian
1friesian Mar 14, 7:30 AM

thx for sharing. I think that actually no extreme emotion is good for trading - neither fear nor too much of confidence or expectation. Also Steve Nison talks about it in his book about candle sticks - just started it yesterday.

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gghsusa

@Thangllionaire just saw your message in the chat about loosing on $MEET. I would research it more. My opinion on them is 5.0-5.20 is a good entry point. There are some who strongly believe they will be worth double this year.

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Turbobob

 Received 6 Karmas
IceMan14
IceMan14 Mar 10, 11:51 AM

Check the Russell 2000 chart which is the overall small and mid cap stock market and you will see how it is struggling, only the Dow and the S&P of big boy corporations are heavily bullish

Turbobob
Turbobob Mar 10, 12:21 PM

So there is divergence.... One of them is going to be right. Small caps are usually the last to blow off in the late stages of the bull market. Generally, they are not the leaders. in my opinion

Turbobob
Turbobob Mar 10, 12:36 PM

jepic. No I am no longer in AKAO.

Turbobob
Turbobob Mar 10, 12:37 PM

Oasis5 - most of the financial sites have them. But Yahoo Finance is a free site that has it listed. Of course the NASD has it as well as they publish the list.

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