trader187
trader187 Aug 08, 17 6:34 PM

I use RSI basic and 5/15 expmovingaverage level 2 thats it. I use 5 min chart for pattern 1 min for entry and LVL2's times and sales for trend changes.

redneck50pig
redneck50pig Aug 08, 17 11:10 PM

I've been going back and fourth on 1min vs 5min for entry. Can't decide which is best. RSI though, yeah, that's almost a magic technical indicator. I have found dozens of picks with RSI, picks that I put on my watch list and then a few hours later see them on Tim's watch list too.

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Received 6 Karmas
lombardo141
lombardo141 Jul 18, 17 12:01 PM

Your analyis of yourself is great. And the fact that you have found your edge is great. Short sellers are not the norm in the trading world and going long is how most traders including myself do. I have tried my hands on shorting and its not just a natural feeling for me. But for you it seems like you are a natural.

lombardo141
lombardo141 Jul 18, 17 12:03 PM

Just be careful because you do not know which ticker will be a black swan so try and only short on first red days etcs. Because if i buy a 1000 shares i only lose the value over time unlike you who could lose everything in an instant. High risk High reward. Good luck

fittrader101
fittrader101 Jul 18, 17 1:35 PM

inspirational I would say! And absolute great reflection/progression in your trading career ;) Nice to read this

redneck50pig
redneck50pig Jul 18, 17 5:57 PM

can see where you are going w/ this. Im still a green horn at day trading; getting better by the day. I got roached a few times this year on what I thought were perfect long plays. MTBC was one. I entered long mid-June @ $1.99 after several bangs of positive news. It tanked immediately. My mistake was I entered off of just news & not price action. Still, this can be a weird market, & shorting for sure has its place.

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unclejesse

@bmh23 Hey Brian, hope you don't mind me asking but did you really take a $20,000 loss on a trade like it shows in your charts? To be honest that scares the heck out of me. I am very new here. Thank you.

BTrades23
BTrades23 May 05, 17 3:59 PM

Also just to answer your initial question I had deleted all my trades at one point just so I didn't have to look at them. Was just trying to start fresh mentally but I decided to put back my total losses since I started so I just added it together and put it in as one.

redneck50pig
redneck50pig Jun 22, 17 9:59 PM

I'm new here as of yesterday. Kudos to you Sir for 1) being transparent about these losses and 2) for keeping at it. I wish you the best Sir.

BTrades23
BTrades23 Jun 22, 17 11:02 PM

@redneck50pig Thanks...got to keep moving forward and learn everyday. Stick to rules don't make the same mistakes I did and still do sometimes. Good luck and stay with it.

redneck50pig
redneck50pig Jun 23, 17 11:08 AM

Thanks for the tips and good luck to you as well

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