Good for you! You gotta make 10,000 mistakes and do another 100 more mistakes. Set your financial life up so you DONT need to make money from trading
I run 16 STT scans each night, some bring returns and some don't. I search for HOD, Top Vol gainers, Top $$ gainers, Low float, News, Filings, 52 highs. Tickers will pop up on multiple scans and some will only pop up on a single scan. The number of tickers can be considerable but I can get through them quite quickly until I'm down to my final watch list and then the work really begins. Keep at it and you'll develop your own personal scan that fits your style. Good Luck
keep going. there's a price to pay for theory, and a price to pay for practise. Only with practise can you recoup your investment!
hey bro wat are we learning at the thunderdome today :)
Reading "American Hedge Fund" again. Then, "Trading Foundations." If there's time, I'll start re-watching Trader Checklist. But, the woman wants to see Into the Spiderverse and I have a class at 6. So :/
Quick bounce on that one, and nothing but new lows after that so good thing you got out. I've heard of success in overnight holds but I don't know how. I guess getting in on a solid news story before most people catch on would work. Or maybe after first day of a sector mania when some gains have already manifested?
Yeah. Looking at it now, down nearly 50% Wow. Did you short?
I did not. Although I do see that the 13th of February was the first red day after 3 greens and it was a huge panic, which sounds like a good short candidate, however I still don't understand the timing of when the short order goes in. TOS has not been very helpful for shorting anyway, so I am just on a cash account until I break PDT
@jspinoza3 Margins and Leverage trading are dangerous AF, especially without PDT rules. Here's how I think the timing on shorts work - keep in mind I'm an amateur and I haven't practiced shorting at all. When the set up is right, the price will climb to its peak (usually a resistance level). You know it's not about to breakout when the chart goes sideways and the volume dries up. If too many people short it'll breakout into a short squeeze. So be careful.
$VYST In my opinion I would not say it's in an up trend, it spike. Price did almost the exact same pattern in Aug/Sept 2016 and tanked, it did make some decent bounces on the way down and that is why it's on my WL for tomorrow
You're absolutely right. I was thinking about this post the other day while watching Trader Checklist. I realized that I had misspoke re: this ticker. How would you describe it? It's not uptrending, but it's been up for a few days.... Thank you for your interactions. :)
Over all price has broken multi month support at 0.0337. Price action has made a huge spike but it has done this before and tanked for many days later. In the long time frame price is more or less going sideways. In the more current time frame I believe that price will start falling giving some opportunities to catch some bounce plays which is my favorite setup. Keep working at this but make sure to check long time frames for all possibilities. Looking at the last few days of trading price
Thanks so much. 日本人ですか？
What is the symbol? Which ever one it is put it in your master WL don't waste your time trying to keep an eye on it there are many more fish to fry out there.
My bad! Thought I put it. IHRTQ
I appreciate that tip. It's actually the first stock I ever looked at - when I was very just starting to think about playing the market. I know a lot about the company. I'm not watching it to play it, I'm watching it... for other reasons? sentimental? I won't waste my money, but it doesn't cost anything to look. :)