leiting

Hi @Huddie I have been having a psychological block lately and I think I can pinpoint it down to Fomo. For example on the OE gap down set up tanks at the open I usually can be patient and let it come back however I seem to always jump in too early on the ensuing bounce. I have tried to keep my risk tight during this time as I know it's hurting me. Good example would be IGC today and NBEV yesterday.. Was wondering if you ever had this happen in your early days and how you handled it? I am trying my best to be patient on these yet at the same time I always get myself in a bit of trouble. Would love to hear what advice you would have regarding this and how you overcome it? Thanks again in advance Huddie your advice has kept me in this game so far!

Huddie
1
Huddie Oct 10, 18 4:36 PM

@leiting I can't answer your question specifically due to each o/e gap down being a tad different than the other. My best advice to you would be to go back and watch the o/e gap down chapter in TTT and rewatch Grittani's old webinars until you have a better understanding of what to expect.

leiting
leiting Oct 11, 18 1:08 AM

@Huddie Thanks for the advice man, you have been more helpful than you know. I will go back to basics and watch all of Gritani's info on O/e Gap downs again. I feel like I am "stressing the issue" as you and Gritani speak about while I need to be more disciplined with my entries and if my potential entry doesn't come or it's out of my wheel house as you put it, then I shouldn't trade it at all I find myself trying to force it at the less than ideal price points in terms of risk/reward. You have

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26R_COLE
26R_COLE Oct 03, 21 10:06 PM

Great live trading lesson and talk throught Huddie. Funny CEI was brought up as its been back in the spotlight this past week. Former movers can move again

Stussyman123
Stussyman123 Oct 12, 21 7:15 AM

Great live trading session. Thanks Huddie

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leiting

Hi @Huddie, sorry for bothering you again, you have been somewhat of a silent mentor to me over the last year. I just have a question that has been tinkering for a while. When you are playing OE gap downs and shorting into daily res, do you always look into the filings with each play? Also if there is no active financing being done etc do you play it smaller or would you just go in with size if there is a perfect chart? I have been having moderate success with OE gap downs etc but from my data tracking they go r/g 42% of the time in 2018 which leads me to believe I should be looking to the filings for more conviction but would love your thoughts on the matter?

Huddie
Huddie Aug 17, 18 7:53 AM

My size is generally determined by dollar risk, liquidity, and ideal chart set-up. Financing does not come into play as much with an o/e gap down, as it would with say, a short into resistance. I might be prone to playing more of a patience route if there is an active financing.

leiting
leiting Aug 18, 18 11:29 PM

This is a great answer and will help a lot. Thanks Huddie, appreciate all you do to give back.

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leiting

Hi @Huddie I had a quick question regarding risk management, When a said stock blows through your said risk on the chart, as I have experienced with some of these volatile plays lately, will you just smack the ask and try get out straight away bearing in mind that your fill will be higher or will you let it spike and get out into the next dip? Advice much apprecited, watching your videos have been instrumental in my overall profitibility, especially when you emphasised in focusing on the day that matters, that really hit home for me.

Huddie
Huddie Jul 01, 18 8:28 AM

It’s really a case by case matter. Lower float stocks, you definitely want to get out as soon as risk is violated. Sometimes that means allowing for that wiggle room where you will lose a little more than expected. Most times there will be a dip, but at that point usually emotions are so screwed that you’d settle for that initial smack the ask price anyways.

Huddie
1
Huddie Jul 01, 18 8:32 AM

Remember, the goal is to live to trade another day, not nail every play. No one trade is worth the potential blow up.

leiting
leiting Jul 02, 18 1:36 AM

That makes a lot of sense from a psychological standpoint, never thought of it like that so appreciate you pointing out the treatment depending on float and volatility. Thanks for the valuable knowledge, really appreciate it.

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DRSATC1
DRSATC1 Feb 05, 18 11:18 AM

Great review! I look forward to reading this again and tying it in with the videos from our gurus! Thanks for sharing!

leiting
1
leiting Feb 13, 18 6:48 AM

Do you base a lot of your trading psychology on trading in the zone?? it sounds like you have adopted some of marks techniques

OceanRider
OceanRider Mar 12, 18 1:32 PM

Just listened. You have so many good things going on and the things you need to improve on, you point it out in the video. One thing I heard DUX say is if you have too much emotion, you wont make any $. I recommend taking a longer term view, make solid trades and good things will come.

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leiting
leiting Jan 24, 18 10:20 PM

where can i get the link?

jward4
jward4 Jan 25, 18 7:10 AM

@leiting it was just him trying to sell another program. You had to subscribe to it, you should of have received an email last week or so.

ShortSaleGal
1
ShortSaleGal Jan 25, 18 7:36 AM

I got one email after I signed up and he had a 5 min video in it. It did look like it was a push for new students. I'm already signed up and utterly confused by all the videos, but I'm goin got keep pushing along.

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