kenjiii16

 Received 1 Karma
Janielx
Janielx Apr 27, 10:00 AM

Take a breath, a walk, and reset. Look at the chart like its your first trade of the day and you see the opportunity. Its all a mental block at this point. Don't let it get you.

lombardo141
1lombardo141 Apr 27, 10:56 AM

Hey buddy. Don't know how long you have been trading but my strategy and although it may sound like cliche at this point is to hold small positions every trade. To me i take a 1000 shares at a time and i risk .30c a share. Of course i have to be patient to see the right play before i buy. But my point is i go into every trade expecting to lose .30c so that fear of a loss is automatically so i can watch the charts play out.

lombardo141
lombardo141 Apr 27, 10:57 AM

I know it sucks to miss out on plays but its a lot better to be in one especially supernovas but you have to have a consistent mental plan which will help your emotional volitality

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april4

@lombardo141 11k profit within 6 weeks!! that's impressive.....whats your strategy been buddy and what all prep did you do before u started trading?

lombardo141
lombardo141 Apr 27, 11:07 AM

I also have a consistent risk plan. I always plan to lose .30 cents per 1000 shares on every trade. So that takes the emotional and mental problems out of the way so i can concentrate on the play out of the chart. Of course i try not to get greedy.

april4
april4 Apr 27, 8:22 PM

gotcha..thanks for sharing.......how do you identify your picks for swing? you go by tech indicators.? what kinda scanner/platform do you use? did you study any of Tim's DVDs?

lombardo141
1lombardo141 Apr 27, 9:58 PM

@april4 Still working on strategies. But i noticed that former runners seem to run slower after they have consolidated. So we will see. I am using Fidelity Scanner and Finviz.com and i just bought 9 of Tim's DVD and Gritanis's. Too much good info. lol

april4
april4 Apr 29, 11:33 AM

you boght 9 DVDS?...do you mind sharing what amongst them is the most useful? is fidelity scanner availale for everyone who has trading a/c with fidelity?

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TheGrizzlyBear

 Received 10 Karmas
lombardo141
lombardo141 Apr 26, 11:07 PM

Don't mean to be down on your success my man but i took a look at your short positions recently and although you won that is a lot of leverage. On one trade you bet 59k to make only 6k. Just be careful the market is a bitch recently and i have seen R/G action in seconds. GL my man.

Ramice06
Ramice06 Apr 26, 11:13 PM

Nice post, thank you for sharing. I am new also 2 months in, trying to be part of the 10%.

TheGrizzlyBear
TheGrizzlyBear Apr 27, 12:44 AM

@lombardo141 I dont use much leverage but that pattern i know VERY well and i added on the way down.. i was never in the red. if it started to go against me i would get out right away.

donebeingpoor
donebeingpoor Apr 27, 1:05 AM

Nice eye opening post. Please be careful.

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HimmenyDiggaley

 Received 3 Karmas
lombardo141
1lombardo141 Apr 21, 4:06 PM

Look at the bright side. You cut losses quickly. It could have gone either way. As Tim always says Hindsight is 20/20. In the moment we can only react to what we see. And yes follow your plans. That's how you learn.

HimmenyDiggaley
HimmenyDiggaley Apr 21, 5:18 PM

@Torkers Yup, we learn from our mistakes, i also felt that the news was already priced in bc many ppl were building excitement for the last few days waiting that when it actually hit im guessing they lost some excitement if they wanted something more spectacular lol thanks for watching :)

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