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Dude i know how you feel i lost $100 yesterday trading a chart pattern i KNOW shouldn't have. AMRS i was looking for 10% but i missed my buy in at .63 bought in anyway lol at .69 and sold at .63.
I recommend reading the premarket action. most of the times when the price action is fading before the bell rings, the stock is most likely to sell off. Keep in mind that the overall chart is a massive sell off. so what ever chance that the bag holders get to have, they will sell for a minor loss. News may be good but the weight of the sellers long term is greater. you see this all the time. so read the price action before the bell. one more thing. if the price action already had a parabolic mov
all the best.
What brokerage do you use? It's happened to me once and I didn't realize it was my funds weren't settled; i was able to call them and place a trade over the phone, and since it was my first time they allowed it. If you're still stuck in, and it goes lower tomorrow, it's worth a shot giving them a call.. The old fashion way of day trading, calling your brokerage to place the trade. Good luck!
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Thank you guys. I'm guessing just stick to breakouts, contract winners and earnings winners for now?
I have had success dip buying earnings winners and holding overnight WYNN and LGF are two examples. Look for runners that could continue and are closing strong NERV, OPTT, STKL are some recent strong runners. Just use alerts and hard stops to try and protect yourself
I held OPTT over night after it's big run @ 5.88 then sold the next day @ 5.37. I figured that i'd cut losses at 5.60 and take profits around 6.40 however I didnt follow my plan and ended up with a much bigger loss than I had planned to. My lesson is to stick to my plan especially with losses even though I play smaller with risky trades especially overnighters. I'm still learning and I really appreciate all the advice that you guys are giving me. Thank you!
I can only recommend to have a fix maximum Dollar loss ($200 for me) for every trade, so that is the worst I wanna loose, this totally ticker independent. Secondly I look on the chart and my risk/reward. I have a certain share price where I consider getting out, whereby the dollar loss at this share price is below my mental $ loss. And than it depend on the trade itself. Sometime I have to wait a bit longer (pullbacks etc.) so my share-price stop will be hit, but unless my $ loss is not hit, I l
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Same here i held over night and premarket was struggling to go up in price but I gave it a chance when it opened and it started to dip and I held for a bit and then I remembered what Tim says when things aren't working out so I immediately sold for a 75 dollar loss and shortly after the stock really fell off a cliff , HTMM has already taught me a lot
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DAMN.... PERFECT
does this mean that it is a potential short tomorrow or no? im really new. ive been watching 12 hours a day for the past week on the stock market and lately came across tim sykes, but in his youtube videos he doesnt really teach that well. he's talking but not explaining.
@robotcat2 Potentially but its up on good news. Watch the price action
NICE!
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NICE!
Nice!
@timothysykes Thanks Tim, you taught me to be patient and learn what works for me. Fortunately in my first 6 months I was breakeven due to cutting losses quickly. This allowed me to develop a strategy without losing any money. Now time to build this account!




Looks good, I'm keeping an eye out!
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