hope you like waking up to a gap down, i wouldnt recommend buying a stock thats up like 1000% this past month, especially with a red candle like that on the daily, good luck!
Looking at the 20ma line it is at 5.07 and it has a slight negative slope to it. I don't buy a stock unless it crosses the 20 ma line when this line also has a positive slope. I think DPW could go in any direction at this time, so I would consider it too risky. In the past I made a lot of costly mistakes holding overnight. But ... 1 share is hardly taking a risk.
@moneybags97 haha yeah.. I'm halfway expecting that but we'll see in the morning
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I"m about to blow up too
GL -- I had the same goal as you - but this is bloody hard!
@KingStaz may be a good Time to take a few days off to study and prevent the blow up, good luck!
@Torkers true it’s hard, but the end result will be well worth it, good luck to you as well
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LOL stick to your plan man!
thats why you should use mental stops instead - alot harder to act on but when you get good you will do it based on the mental stop loss instead - gL!
thank you for your post, so noted...
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@Juliaann_ it gapped up yesterday and finished at its highs with over 50 million shares traded and over 100 million shares traded today
Thank you. Sorry if noob question lol
One good indicator to look for, when shorting, is fading volume. TRXC did NOT have any fade in volume at all. It actually had an increase on day 2.
@Juliaann The price action at the end of the day is often a good indicator for good Day 2. At the end of the day, on Day 1, TRXC was still slowly climbing up until the close. A stock that ends the day like this CAN (not always) be a good overnight hold and you can avoid using a day trade.
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Awesome work! Keep at it.
@wannabestocktrader Thanks!!
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i 100 perent resonate with this. One why I combat this type of emotion is too wait until the chart truly gives me an obvious entry point for a short or a long. And I start the day knowing ill only make one trade, I do this to help with my patience and wait for the perfect setup. I have seen progress with this. Good luck too you!
@jonliddle1018 thanks! good luck to you as well.
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Your short plans aren't working too well. Maybe you ought to go long.
Are you sure abt XXII mate?
@beheracts not 100% sure on any stock, gaping down premarket... i trade the price action and thats what its saying
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setting up to be a potentially great short play. resistance at 2.70's area
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Nice story man!
Thanks!
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$TEAR news was European Regulatory Clearance. The institutional holders stuff is done for a ton of stocks, and wasn't specific to $TEAR. While I don't disagree with your overall short thesis on it, keep in mind it's a 5.43M float that just traded 20.8M shares. Seems to be a high risky play jumping in at $3.40 so fast until you confirm volume is gone and the strength is over and not waiting for the first closed red day. Junk has been running past few months, so I'd be super careful.
@wannabestocktrader thanks for the input! ill be more careful on it now
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CGI had lots of volume Friday... but I like a short too at confirmed levels without any other news, I think it may be a long on confirmed news of anything
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Hope to see profits now that you seem to have dialed in on a plan, good luck !
thanks!
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I am in the same boat. I have been at this for a month and a half and I find that he says the same thing over and over. It is awesome because it is sticking. I look forward to hearing how your journey. Keep at it. As Tim says, this is hard work.
keep it up mike. I started around the same time and started trading at the beginning of feb. definitely harder in real time than when I was studying but working toward being more decisive. Keep up the great work and i also look forward to seeing your progress! DEDICATION :)
It's truely a blessing you are learning this so early in life. Oh what a golden road to have choosen.
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@moneybags97 just became a fully transparent trader today!
Awesome! I’ve been at this for about 2 years now and am still down, but grinding away slowly at it
@dux thanks dux!! much respect to you!
@Rollingball way to stay motivated! hoping big profits come your way!
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