
[TimAlerts] $DCTH Up on flimsy news

[TimAlerts] $BIOS - Short at a leisure pace

[TimAlerts] $BIOS - sitting there bumping against 1.70

[TimAlerts] $BIOS is a at double top

[TimAlerts] $LEDS - Too choppy
Its always a good idea to cut losses when not comfortable, dont let it discourage you.. Again it couldve been worse, i always tend to kick myself for cutting losses then seeing the stock go as planned when i exit.. it just means youre on the right track, keep up the loss cutting it will keep you in the game longer
@georgenehmi1 Thanks George, From my point of view is slow trickle down, I have to sharpen my entry points
Thanks for the valuable information! You will get'em next time!
@kassip Thanks for the support, I'll follow your advise
Ah, when i say "be aware of midday spikers", i mean be careful of them. Tim warns against them a lot
I don't rush into a trade like that. I mean if you notice a stock literally the second it's breaking a morning HOD then I'd wait for the pullback which generally happens. Other than that I buy anticipating a breakout early. If you look at my MYOS trade today I bought at 2.60 because it was making higher lows and I was anticipating the breakout. I didn't get stopped out when it dropped to 2.40 soon after but that requires keeping emotions in check. I buy anticipating the breakout because often st
ocks double top (like today MYOS looked like it would so I sold) and it gives me room to exit with a profit even if it double tops. In the past I would often buy right as a stock is breaking out only to have it tank soon after and I'd take a loss.
If you feel the need to buy without really having the time to double check everything then try taking half of your desired position then take the other half after the breakout is confirmed
Join now or log in to leave a comment