richesndreams

Went through several webinars over the weekend, including a bunch of video lessons and tons of chart review. Also watched 2 DVD's: Trader Checklist & Pennystocking Framework. Always studying. I gotta get this stuff!

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OceanRider
2
OceanRider Mar 24, 18 9:43 AM

Nice post. Keep up the good work. Was watching HTMM DVD and came across PolisB who Tim references in this DVD who at the time thought would be his next millionaire student. It appears this guy went up quickly to 200k then dropped to 100k. Something I will def learn from is that everyone is suseptible to losing no matter where they are. Wishing you a good wk going fwd.

richesndreams
richesndreams Aug 11, 18 1:34 AM

Thanks for the post. I appreciate your posts. Curious about your journey. Do you use STT for your scanner? I use Finviz. Thanks!

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papajohn
1
papajohn Feb 19, 18 8:01 PM

@JKelly lol. Yeah I considered CP but I think I will wait until I am shorting more before I try them out. It looks like they have a lot of fees for just about everything and since I mainly go long, IB should offer me everything I need.

Sheffey
Sheffey Feb 20, 18 11:36 PM

Congrats - very inspiring to see your success!

richesndreams
richesndreams Aug 11, 18 4:10 PM

going through your posts to absorb wisdom and golden nuggets. Thank you for sharing!

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ThomasLegend
ThomasLegend Feb 04, 18 12:19 PM

My thoughts: look for the first red day. Keep on watch the stocks that have been going up a LOT with consecutive green days (pump chart). Then plan on dip buying or shorting the first red day.

richesndreams
1
richesndreams Feb 04, 18 2:42 PM

Thanks for sharing guys. The real trick is WHEN to enter in the dip-buy without being shaken out of the "weird" consolidation patterns that sometimes happen. The key is to approximate the bottom and watch closely to look for an entry point.

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ParadoxTrader
1
ParadoxTrader Feb 04, 18 2:10 PM

@ukisashi Man I feel you. Best wishes to you too! hit me up next week! lets do it!

richesndreams
1
richesndreams Feb 04, 18 3:15 PM

@ParadoxTrader Have a super day tomorrow!! Let's DO THIS!! Let the trade work and when it doesn't, get out. I also realized that the mantra "cut your losses quickly" was never really provided a CONTEXT. Even with great books by William O'Neil. I would say that in the context of a calculated/expected upswing/uptrend/bounce, allow time for the trade to work. Watch closely to see that the chart really isn't going the wrong/down direction (for a long play, that is). Then I'd say DON'T cut the losses

richesndreams
richesndreams Feb 04, 18 3:16 PM

...too quickly. Give it time to reveal itself.

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