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Noble1222
Noble1222 Feb 25, 18 2:28 PM

the only item i see here that you may consider is a larger drop then the 10-15% you stated. i have only done a few ofthese but i look for a run-up over many days of 50%, 100% or more. then when it comes down i look for 30% down, 50% down. so when it bounces I get a good reward.

andreffael
andreffael Feb 25, 18 3:54 PM

@Noble1222 I say 10/15% as a very minimum before even starting to consider buying, but normally 20/30% crashes happen before the dip and Ill wait

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DeeDeeMarie
DeeDeeMarie Apr 13, 1:28 PM

Wow Jack... Thank you for sharing and in the process showing us all how our emotions can get us into trouble. Hopefully it will keep the rest of us from doing the same thing.

RichieRichW
RichieRichW May 13, 8:19 PM

Jack, this lesson brought back some of the most painful memories I ever experienced trading stocks. I've been caught like that as well, but I just ended up becoming a bag holder for about 6 months. I was long the stock and it moved against me but I was full of "HOPE" that it would come back and I would get my money back. Well it never did come back and ended up going all the way down to the .oo5's then .004's and so on and so on. The thing is that I got into it at the .20's and it ran all the wa

Jackaroo
1
Jackaroo May 13, 8:24 PM

@RichieRichW what a story... sorry to hear man. It really all comes down to cut losses quickly! Add to winners, NEVER losers, and never hold and hope.

jcash3485
jcash3485 Jul 21, 6:00 PM

Jackaroo I took a major lesson from this video. Thank you for sharing, this probably made you a 10x better trader then you were before, and to man up and recap it and make a video of it for others to learn from is class act!!!!! You already knew what to do and now I bet you will never forget it. Probably one of your greatest learning lessons that sharpened your skills even better for the future. Thanks again man!!!!

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Jacob_925
Jacob_925 Jan 24, 18 10:23 PM

@joshkhanimov biggest percent gainers volume 500000 trades 500 price between .02 and 10

joshkhanimov
joshkhanimov Jan 24, 18 10:30 PM

thanks a lot and what kind of website or software you use to scan all this

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TheFirstLadyOfTea
1
TheFirstLadyOfTea Jan 21, 18 8:16 PM

I think you are doing just fine...maybe a bit earlier to test other setups?...Your current monthly profits are very impressive. Even if you stay with this setup for few months, your account would be much bigger....Once you reach something like 70K or 100k, you will have much more room for trial & errors...Don't know how long the bull market will last...seems 2018 is still bullish...or hope so...keep it coming!!!!

papajohn
papajohn Jan 21, 18 8:22 PM

Thanks. I will definitely keep doing what's been working, I just see a lot of other opportunities for big profits and would like to start taking advantage of some of those.

joshkhanimov
joshkhanimov Jan 23, 18 7:07 PM

@papajohn can i ask what scanner you use or software to track otc multi day breakouts. i can seem to find anything to track otc

papajohn
papajohn Jan 23, 18 7:16 PM

I use StocksToTrade

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huperauxano
huperauxano Dec 24, 17 11:58 PM

Awesome job - what was your one pattern that clicked? Dip buy? Bounce short? Thx

papajohn
1
papajohn Dec 25, 17 9:35 AM

The setup I’m playing is multi day breakouts.

joshkhanimov
joshkhanimov Dec 26, 17 9:32 PM

can you tell me how you scan for these multi day breakouts can't seem to find any

papajohn
papajohn Dec 27, 17 10:02 PM

I just scan for biggest percent gainers. Then look at the daily chart and see if anything is setting up.

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joshkhanimov
2
joshkhanimov Nov 07, 17 7:32 PM

myo is an earnings winner i wouldn't suggest shorting

KAZ
KAZ Nov 08, 17 4:53 AM

oh ok, than you i'll be careful but if it really gets overextended also earnings winner will have a correction in price.

KAZ
KAZ Nov 08, 17 5:47 PM

@joshkhanimov turned out MYO would have been a great short ;). nice morning spike towards r/g and then faded all day long, even though its an earnings winner. my plan was in the watchlist to short into morning spike. exactly what happened and exactly what would have succeeded :)

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diego155
diego155 Nov 07, 17 7:31 PM

might not be a good idea considering today is its first red day (momentum snap) and because its up on sector hype or nothing, I personally wouldn't risk it

joshkhanimov
joshkhanimov Nov 07, 17 7:36 PM

its up on nothing on the backs of dcix so whatever dcix does tops follows look at the charts pretty similar they will eventually come down by end of week

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