Thanks a lot, this post gives newer traders like myself courage and decision. thanks.
Incredible post. Thank you very much for sharing this with all of us. Although all of our mentors repeatedly remind us that we are all on our own journey, it's a marathon, not a sprint and not to compare, I'm constantly doing so. Sincerely grateful.
Thanks Sean. Im currently going thru that and its depressing especially when im red every single time i trade after putting a lot of effort with my studying. Been trading since 2019 and im still not consistent yet. but ill get there, just a matter of time.
Please read this blog post from years ago: https://tim.ly/2pGsF03 as it's the EXACT same pattern as JCPNQ today...retweet this https://tim.ly/2DLoif2 only AFTER you've read that post and realized its the sameeeee!
SMALL GAINS ADD UP
SMALL GAINS ADD UP. Thanks Tim for the lessons.
small gains add up.
SMALL GAINS ADD UP
Entry comments: Bigger position for this clear breakout its held well all day, goal is to sell in the 1.40s or 1.50s today or tomorrow
Exit comments: Can't breakout convincingly so I'll play it safe, this stock has always frustrated me, maybe morning panic tomorrow, will offer good dip buy but for now I'll just play safe despite perfect chart, ALYI keeps going, shoulda stuck with that one
bag hold $tomz sell tomorrow
@patbigalke seriously though that overnight statement you said is so accurate lol
Thanks, Tim
Thank you, you were right on the next day panic. As usual. That's why I'm so glad I'm training here with you.
@kroyrunner Hey Tim! I was just wondering what were some of the best ways to think about slippage. I’ve seen your DVD’s and your pretty spot on with your covers or sells at your risk. I hope my question isn’t too confusing but I was just shorting $SURF this morning risking off of R/G and it almost reached R/G by .05 so I threw in a cover order for 51 shares at 5.95, got filled instantly, and then it never hit R/G and cracked like I wanted. Granted it was only 51 shares but I’m starting to feel anticipating the risk level being hit by putting an order in is not a good idea. So what are your thoughts on accounting for slippage should it look more like putting an order in as soon as it hits your risk or right after it hits and should I expect to change my mentality with bigger size? I do figure float, share count, and market cap would be factors so the bigger these are the more you can judge smartly how its acting around your risk level and the smaller they are the more aggressive you want to be with your covers or sells.
@Bito i usually put my order in right as my risk level breaks, a few cents above that level. it's not about avoidnig slippage for me, it's more accepting that there will be a little and perhaps sizing a hair smaller knowing that fact
@kroyrunner Thank you again for all your wisdom and all that you do for the trading community!
@kroyrunner is it possible you upload your challenge webinars on youtube from time to time? Would be cool to see you have your own millionaire students too. Would email you my progress too, but know your emails are extremely loaded. Just an idea though. Thanks for Trading Tickers !
I picked up Your Tim Gritanni Traders Tickers and the content looks awesome Can you please keep me your weekly watch list that I get from Charles early every Sunday am, with an updated version on Monday or Tuesday? It augments Tim's plays and you go into some great detail about your inclinations with each stock. Thanks for ALL your help!
Goooooooood morning!
I recently attempted to open my first etrade account & boom they say etrade pro no longer available for beginners so i am so curious what ur perception on that is
@moneymaking1043 I am very new also. You can get etrade pro if you just call and ask for it. You have to make a certain amount of trades a quarter to keep it, but they will let you have it for free if you just ask.
i called ystd & one of the representatives said yea we are not offering it anymore. I waited an hour 15 mins for one/two questions. Im wondering if it is usually like that with etrade jeez... especially after seeing the complaints ppl are tag them on twitter with
But Im going to call again & see if another representative can give it to me. Thanks @mikebrown
Entry comments: I dip bought this new runner that's breaking past 2 day highs and looks to be a solid short squeeze like I wanted on Friday morning, just hit the 4.90s, I think it can get back there later today or early tomorrow
Exit comments: No bounce, rule #1 cut losses quickly, especially speculative late day short squeezes like this
how to find multi day runners like rivx? first u see it first day on top gainers and u keep watch on them for a few days to see if its still spiking? this is the way? or different? just keep watching the top gainers after the first few day , also check social medai search to see if its pumped ?
Thank you Tim. I like 50% bounces.
I like 50% bounces
Watched
@moneymaking1043 just became a fully transparent trader today!
Good question - I'm not finding them on my scanner. I'm actively going through my watchlist of former runners and looking at the daily chart for this pattern potentially to set up. Jackaroo did something similar and he talked about it in his challenge webby in January, I think it was (it is a great webby!) where he said he looked at ALL the OTC tickers over one weekend (after a week of crazy heavy trading, mind you) looking at the daily to chart to see these setting up. Jack is so inspiration
Jack is so inspirational to me. anyway, I did go through my watchlist a few weeks ago and that's how I saw RGBP setting up and look at what id did (doubled from .03 to .07). anyway, I need to go through more daily charts of tickers to find more of these that may be setting up. Also note, that I edited the post to make note that the ramp does not need extra volume or a catalyst for this pattern to work. Thanks for asking!
Update: RGBP failed today and I would have cut the last 25% of my position for a smaller gain. It did exactly what this pattern proves. The ticker doubled and reached the b/o level with no news and no excessive volume.
i was very close to buying RGBP or RGBPP but didn't pull the trigger and ended up missing out on 50% profits
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