hey there. what plans are your favorite? id say stick with like 1 or 2 patterns and constantly roll with that, because you may notice that almost every day a pattern that you are interested in will form. for me, i like dip buying panic and dip buying pennant patterns for break anticipation, and that has really helped me develop a better mentality. also, have defined risks. i saw your $ZN trade and noticed you exited at $2.90, but if you look earlier in the chart it was actually a good support ar

oops, post got cut off. i meant to say if you look earlier in the chart it was actually a good support area hence the bouncing. i can understand why you sold at $3.90 as its about a 20 cent loss per share, but having a defined risk level will boost your confidence to hold through these times. good luck next week.

@karubin1224 My favorite are ABCD and Dip buy morning panics. My biggest problem is over trading. I go on these stupid losing streaks because of indiscipline. $ZN is so choppy it's scary. Thanks for the comment and good luck to you too

@SFKrystal I feel your pain. haha!

@Kody I'm really liking it. I feel like it is what I need to hear at this stage in my path.

Honestly the trick is to sticking to your plan. Is to calculate your min and max potential loss and be ok with it. Before placing the trade. If your not ok, just size down before entering

@0SethMcClain89 That is the area I have a hard time with...when I see something moving I'm just not quick enough to do that. But, I'm trying to work on that.

Thanks Bob

Thanks man!

http://bit.ly/2oZVJz7

Thanks Bob

hello and congratulations! you can verify your trades in profit.ly to show everyone your average entry/exit and keep track of your progress throughout your trading journey.

Thanks men, I think I did it had to wait a day to post it

No, I missed the spike to 5.10 by like 30 minutes and didn't want to chase but god damn It was perfect. Nice eye mayne.

@dailyzen hey thanks for your reply. ah too bad you missed it also. i love these perfect plays, i just wish i was around to execute a trade.

Great job cutting losses quickly! I've learned not to trade p/m unless I can sell p/m. For the same reasons you say above.

hey there, i got squeezed out of a short position on FRTA and didnt get back in at the $6.50 retest because i felt horrible after that squeeze, and man did it suck watching the stock plummet (shorted at $4.39, overlooked a bull flag formation at 9:40 a.m.). we can only learn and grow from our experiences, so good job on your watch list predictions and good luck with using your knowledge to become successful.

I think you're over thinking things, what is your watchlist on Monday?

@RC0002653 none, I am on vacation next week :D

Don't feel bad about it buddy, good lesson learned. I did almost the same trade as you, then tried again on the second minor spike - and squeezed again. We were in the right ball park, at the right game, just a bit off on the timing ;-) Multiday resistance around there, with a bad sushi type chart = long term bag holders, making it difficult to spike too much, also, markets were down. We'll do better next time :-)

It's okay no worries, my advice is short the higher low - best case you win, worst case - you lose a little, not a happy case - you miss out and a higher low never happens, it just keeps crashing, but you don't lose anything

@Chaddo hey there, thanks for your reply. i did see the bull flag formation and still got in so thats all my fault, but it is really nice to have a plan that would have played out if my timing was better. i was too emotionally shook to try to short again at the $6.50 retest/failure so i need to try not to let my emotions get in the way of trading. really bad sushi chart and massive short squeeze yesterday made me short-biased today so i am proud that i would have been correct. we will do better

@Skiwi hey skiwi, thank you for reading/replying. after the spike to $4.45, I was thinking that $4.39 would be the shorter high which was why i shorted there. i overlooked the importance of the bull flag formation as i was so short biased, which was why i got in at that bull flag formation and squeezed out. had i shorted at the second $6.50 retest, the risk would have been way less and i did see that but i was too emotionally drained to pull the trigger. need to watch for next time.

hey there. if you go back 5 days LBUY also had low volume and tanked to a support level before rebounding. what ive learned from these kinds of stocks is that its VERY hard to retest HOD with such a huge drop, and low volume is to be expected because the stock is over-extended and buyers aren't interested in it anymore at that high price. I wasn't in chat today so I missed MGTI but I watched LBUY tank and didn't dip buy for those reasons but it's something to consider next time this happens.

hey i saw this panic but i got scared out because the volume was really low. nice recap.

@karubin1224 I like the low volume because if the volume is low, and something starts spiking then a lot of traders start to look at it and some will probably chase. Conversely if the volume is high, then it shows a lot of traders have already bought at that level and there will need to be a lot more "suckers" to sell into. I guess you could argue that if there is a low volume dip then there could be a high volume of sellers coming soon, but I think at this point they are already bag holders. Yo

@karubin1224 You could also argue that a high volume of sellers accurately shows a support level, which I guess is true, but at the same time if a high volume of sellers gets soaked up on a dip buy, most of them are trained to cut losses quickly anyways. So in the case that there is high volume and then the stock fails to bounce then theoretically its a lot harder to get out. Please correct me if I'm wrong because I'm learning as well