yup I have the same problem, i hesitate, get greedy and end up with a small loss lol gotta learn a win is a win, just take it.
Oh man, sorry to hear. Those lessons are tough, and I'm all too familiar with not sticking to my plan and missing out (although not from waiting too long to sell for profits). It's really hard, but you just have to keep working at it until it's second nature to build up the discpline and take what the market gives you.
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Have you watched any of the dvds? if so which one and whats the format of it? like which topics does it cover? Im trying to get reviews on all the dvds so I can choose one to buy.
i would start with HTMM then both Pennystocking
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I bought HTMM on the advice of many here as well. Right now, I'm still on Trader Checklist and expect to finish that up soon. But, I do know one thing, going over the software in Part 7... well, let's just say I can't wait to get my hands on thaaaaat - as soon as I can.
@Zone_Trader well I'm not that new, i feel like i know the basics. What the format of HTMM? what topics does it cover?
How to make Millions Get it. It covers all the above. Think it was listed on eBay a few days ago not sure if it's there anymore
Once your wanting to fine tune your targeting, then go after ,Shorting, Level 2, Part Deux. Follow Tim's trading challenge order.
Hopefully this helps! https://profit.ly/user/AuthenticCrow/blog/how-to-determine-morning-spikes you can also check out my 1 trade on VTGN to see my thinking I'm still in highschool so hard to trade but that was my first trade ever. Good Luck on your path to profitability!
If you haven't been tracking the setups you are playing, then you should start doing that. That is how I found success. I thought I was really good at identifying ABCD patterns and buying morning panics. But after i started tracking the setup for every play I made, I found I wasn't actually profitable in either of those, and I was actually really profitable playing breakouts. It is okay for you to get an idea of what other people are successful with, but you really need to find out what is worki
I think that buying first red day panics, especially OTC overextended panics, is a real good pattern, and it's all about the entry. If you enter at the wrong time it can completely screw up your risk and make you nervous in a trade. So if you see a potential setup unfold, pull the trigger - don't hesitate. And above all remember: It's a war not a battle.
Screen time. That is the only thing I can recommend that will allow you to get better. Keep studying and keep trading. Its like sports. You have to practice and practice and practice and even then you still arent good until you play in the game and know what pressure feels like. Be patient and be consistent. It will eventually come together.
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