Countless hours of watching videos from @timothysykes , @markcroock , and @kroyrunner89 , reading books, blogs , and whatever information I can find I'm starting to feel like this just might work with a little bit of effort lol
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So I took a visit over to @kroyrunner89 's page and was just reading for some inspiration and found it rather quick. I'm about to go study for the afternoon before I study for school in the evening. I'm currently reading the intelligent investor. I found a lot of meaning to this quote from Tim, I'm going to keep it close to heart this week. "trading is all about having 2 things guys, strong conviction (whatever your reason may be) that the move will go in your favor, and a clear risk level to use in case you're wrong. it's not about calling it right every time. just have a plan and stick to it and if you're wrong more often than not then you need to examine the edge you think you have and reassess." Wishing everyone a great week.
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Starting day trading after one year of studying from @timothysykes and @kroyrunner89 , wish me hard discipline!
Received 2 Karmas
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RouxBourbon Nov 03, 18 5:46 PM
Stick with it. Create a watchlist with a plan for each stock. If the stock reacts according to your goals, trade it. Do not chase chat room alerts! That ought to be Rule number 2. Rule 1 cut losses quickly. The entry is the most important part of the trade. You make money when you buy the stock at the right place as well as when you sell it.
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Hey Tim! Do you still trade any alerts? I just heard your Chat With Traders podcast and it was really interesting. Please let me know! @kroyrunner89
Watching Trading Tickers this weekend.. Stoked to be taking info from this comprehensive DVD into next week. Thanks @kroyrunner89
@timothysykes @kroyrunner89 I bought and have watched Trading Tickers several times and have some clarification questions. Is there a contact email or somewhere I can ask those questions? Primary question is, on Disk 1 Ch 4, how do you determine based on the chart whether you are looking to go long or short? Sometimes it's obvious, but in some cases a stock is nearing a resistance level on day 2 or later, and it could be a long/breakout setup if it breaks through resistance, or it could be a short setup if it fails to break resistance or gaps down...but I don't usually know that until premarket or shortly after open. Yet in the video you (TG) indicate that you already know what you're looking to do with the stock. I feel like I'm missing something because I currently couldn't make that decision until I saw what the next day's chart looked like. Love the video, btw!
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timothysykes Jun 15, 17 12:10 PM
This is why we do weekly Q&A webinars for http://tim.ly/sykesmc students :)
xbows Jun 15, 17 12:46 PM
Ok, just submitted my application. ;)
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@Arussell125 @timothysykes @kroyrunner89 @MichaelGoode @markcroock Hey joined the challenge 3 weeks ago loving it so far learning so much. Ive been wondering about when I trade a breakout I usually have my timing right but never could execute fast enough. This issue made me miss plenty of good potential plays. Any advice how to execute faster when it breaks out? Seems to always just blow by my bid. Thank you! Also when it doesn't execute I chase to long get executed then it drops forcing me to cut loses. Any advice please this is my biggest challenge. If you look at my latest trades it was a great pick but bad entry making me cut loses quickly. if i can overcome this id be 100% better as a trader. THANK YOU!
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MichaelGoode Nov 22, 16 12:20 PM
Prepare buy orders so all you have to do is hit one button to send the order. Also, most trading platforms let you setup hotkeys to submit orders.
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Arussell125 Nov 29, 16 11:25 PM
yes when i enter a trade i have a stop order already ready to go just in case, if i have to hit the panic button i will market out of the position but i try not to, hotkeys are useful if you know how to use them
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Arussell125 Nov 29, 16 11:27 PM
if you can see that the breakout is coming and you anticipate it you can set a buy stop order so when it hits your entry it will fill it, i use this technique often
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MichaelGoode Dec 02, 16 8:57 AM
The one thing I don't like about buy stop orders is that it will not take into account the price action -- only the price. So if the stock quickly spikes to a breakout and your buy stop order triggers then you will buy and the stock will then likely dip
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@kroyrunner89 what is a great source that you use to find out news about OTCBB and NASDAQ stocks?
@kroyrunner89 a list of the promoters you use please?
@Holdmytexan Man, I'm feeling the same. ..pattern is true in stocks! hahah
Yes indeed I'm in this to win this!!! good luck
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