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ragincajun83
ragincajun83 Sep 17, 3:58 PM

dude this one slapped me this morning. I was in too much of a rush. shorted and long. minimal losses tho!

Beckdan
Beckdan Sep 17, 4:14 PM

I wish I would have been able to stay in this one. I had 3000 shares short at an average of 10.4 toward the end of my trade. Missed out on a lot of cash covering too soon.

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ragincajun83
1
ragincajun83 Sep 02, 11:21 AM

dude idk why but I shorted into it too damn early. Used too much capital ended up with 8.03 avg. Had to cover before taking too big of a hit. No more round trips today. I'll be back in the game soon enough. Congrats on not getting squeezed.

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simonfuture2
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simonfuture2 Aug 30, 11:59 PM

Thx for sharing, totally spot on with ur tips here, also I like how u added the RSI , I use that all the time for helping me with my entry points. Good luck and let’s get to that bag!

ragincajun83
1
ragincajun83 Aug 31, 12:13 AM

@simonfuture2 you know it's funny, I went through a phase where I didn't really use RSI. I had no idea how helpful it was and could be going forward. It's one of my main tools now. Don't know what I'd do without it. Thanks man.

stocker
stocker Sep 02, 11:24 AM

@retire56 You can have more than one E*Trade account. I have one cash and the other margin. Plus, two more at other brokerages. They are treated as completely separate from each other.

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ragincajun83
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ragincajun83 Jul 30, 12:52 AM

Focus more on your RSI. I couldn't imagine trading without it. Run 5 minute charts. When you buy in, always go with a starter position rather than a huge chunk. Always assume the stock sucks and will double bottom. Remember, market doesn't care about you, so approach everything with caution. Never, ever "hold and hope." That's like trying to drive cross country and not looking at your fuel gauge. Study all of your failures. Good lessons and many more. Don't give up.

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