ChanceStearns

@kroyrunner What's a good indicator to you that a setup isn't working right now? As someone who's not consistent, it's hard to differentiate between whether or not it's a setup that's not working or just my skill (or lack thereof).

ChanceStearns
ChanceStearns Jun 25, 11:20 AM

For example, I remember you traded the DCAR breakout a few months back, but then I stopped noticing them working. But that's the only one that I've seen in awhile. How do you know which one is going to be "the one" that works? (That stock didn't even have news that day, it was just hype about UBER and LYFT going public)

kroyrunner
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kroyrunner Jul 01, 1:45 PM

@ChanceStearns most important thing is having VERY clearly defined rules for your setup, when you should buy, when you should sell, etc. If you are constantly executing your plan perfectly but losing, it's a setup problem. If you aren't follwing your plans, it's a "you" problem

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kfay171

@kroyrunner Sorry to keep bothering you... Quick question. When using multiple accounts do you switch trading platforms to place the trade? Or do you enter the order online? For example, I use Etrade pro, if they have no shares to borrow and I use another broker lets say TD Ameritrade would you switch platforms, run them both, or enter the order on the website?

kroyrunner
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kroyrunner Jun 04, 5:00 PM

@kfay171 my main trading setup has multiple monitors, so i can keep many different trading platforms open at all times. so i guess i'd say i'm running all available platforms at all times so i can quickly switch between

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Tpatton

@kroyrunner I have studied hard and understand short selling and am really good at it as if you see my trades I win a lot shorting into the close. Now im i'm a senior in college and had to use my growing account to pay for college how much do you think I should save back up to start shorting again.! iI was up around 7k I want to to

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ChanceStearns

@kroyrunner When you're watching multiple stocks (for however long it may be), do you write down detailed notes about the fundamentals to keep better track of your biases or do you track it in any certain way? Or is it all just up in the ole noggin?

kroyrunner
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kroyrunner May 04, 4:06 PM

@Chance_Stearns i try to keep it in the noggin but sometimes that results in having to look 2-3 times lol

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kfay171

@kroyrunner Hey Tim, I want to start tracking setups however I need some guidance. There is a ton of variables and I am not sure what ones are relevant to each situation. Do you have some sort of template and/or advice you could possibly share with? What setups are working for you these days and what criteria does the setup have to meet? You probably hear this a lot but it would mean the world to me if you helped me out!

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anatomic

@kroyrunner what’s up Tim? Quick q. Ive been studying 3 years and 2 mnths, I’m 24, I have an edge, I’m up 20k in a paper acc. so far this year. I have a plan to save 100k by jan 2021. Should I start with 40k at this years end or wait and save the 100k or is that overkill?

kroyrunner
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kroyrunner Apr 01, 11:58 PM

@anatomic i think 100k is overkill, but keep in mind paper trading and real trading are veryyyy different especially emotionally, so i suggest you start EXTREMELY small when real money is on the line! the worst thing i see people do who have this much saved up is start in huge and blow it all extremely fast, a very hard amount to recover. let your early mistakes be tiny papercuts with micro-size, and only after a couple months AT LEAST of experience do you want to use your results to guide your

anatomic
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anatomic Apr 02, 7:54 AM

Thanks man. I blew up most of a 1k account when I started and then traded full time for 8 months with 10k. I lost like 200 bucks over 8 months lol I honestly should’ve traded a little bigger but I was in the tracking/refining stages then. I may try and save 50 grand and try again with a 10k acc. I just wanna have enough to cover expenses. Do you think 2 years of expenses is a solid place to try to go full time? I just want do this for a living so bad I can’t stand it hahaha

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ChanceStearns

@kroyrunner At what point did you decide to stop going "all in" with your account? Or was it always dependent on the trade? I've been looking at your first couple months of trading once you become consistent and it looks like you RARELY had a loss over $200. So it's crazy to me that you kept that tight of a risk with such fast growth. If you DID keep going all in for awhile, did it get harder and harder?

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kroyrunner
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kroyrunner Mar 15, 1:34 PM

@Chance_Stearns pretty shortly after my first big win on AMWI in november 2011. i definitely would still play some elite setups larger than normal, but i tried to avoid all-ins as it was a very scary way to trade

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savelik13

@kroyrunner Hey Tim, what is the best broker right now for short selling and locates ? and which one do you use ? thanks !

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kroyrunner
kroyrunner Mar 11, 9:37 PM

@savelik13 centerpoint probably, but cobra and speedtrader pro are very good as well. i've also heard good things about tradezero although i have no personal experience there

savelik13
savelik13 Mar 15, 1:31 PM

@kroyrunner One more thing, What platform in CenterPoint do you use ? Thanks you very much for the answers!

kroyrunner
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kroyrunner Mar 15, 1:33 PM

sterling, but i'd be using DAS if i didn't have it at another broker already

wtnwin
wtnwin Apr 07, 1:54 AM

are most penny stock shortable in Centerpoint when piking on opening hour of market time?

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anatomic

@kroyrunner Your % edge a year and a half ago was 33%, it's now 66%. So you've been trading with about a 140% edge for the past 1 1/2 years! Your winning % has actually gone down to around 65% now so your risk/reward has to have gone from about 1:1 to nearly 3:1! Are you just using a tighter risk now, what'd you change? It's obv. working!

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anatomic
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anatomic Feb 20, 7:55 AM

@kroyrunner Thanks for the advice man. Yea, I think I need to widen my risk more often. I know I’ve got an edge either way but I can’t help but want to maximize it with tight r/r. It’s just not practical and super stressful trying to stand in the way of momentum every trade. I always jump on my gains when I’m right because the entries are so stressful.

Alqasem354
Alqasem354 Mar 03, 1:12 AM

from college grad soon to be bartender to best penny stock trader in the world

Lakhjhajj
Lakhjhajj Mar 11, 4:35 PM

Congratulations Tim! Well deserved new milestone

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D5Candyman

@kroyrunner Congratulations!!! $6million+ So Amazing!!

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Torino13
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Torino13 Jun 07, 18 8:41 AM

Amazing trade Congrats!!

novalaz
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novalaz Sep 26, 18 9:14 AM

#Amazing Mind blowing waht trading can do for your life if you learn/study and apply it

Ford41
Ford41 Sep 30, 18 5:59 PM

Watched you presentation today on live streaming video. Any chance I can get a copy of your slides?

bahamastrader123
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bahamastrader123 Jan 01, 7:58 PM

Tim ... I think it's time for Trading Tickers II DVD ... I'm sure you have a whole lot more you have learnt and I'm ready to buy part 2 please look into creating one. Also when you create it .. do what you always do .. let us sit with you and watch you live even it's it's for 40mins we need that. Thanks.

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