Received 1 Karma
sailormanjac
1
sailormanjac Jan 05, 3:10 PM

Hey Brah, I have very little actual experience, but I have found a huge helping guide for my trading with,'The Daily Trading Coach: 101 lessons for becoming your own trading psychologist' by Brett Steenbarger. There is a free copy on-line at 'epdf.pub' . It has really helped me organize my trading world and definitely protects me from myself. Aloha and good trading.

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Received 1 Karma
gbayconi
gbayconi Dec 24, 19 5:42 PM

I like the way you move and am on the same track! What have you been studying!!

sailormanjac
sailormanjac Dec 25, 19 12:00 PM

I started a year ago with all of the free content on youtube, paid for three segments of claytrader, which provided all of the basics, candles, charting, support, resistance, enties, exits and studies. joined Bullish Bears, great inexpensive content, did Tim's HTMM, Supernova and Traders checklist. Tim's first intro 60 videos and probably a thousand more. Watch anything with Tim Grittani, Nate Michaud and Tim Bohen. I follow boiler room trading and Nate Michaud. Lastly I have read 'How to make m

sailormanjac
sailormanjac Dec 25, 19 12:03 PM

money in the stock market' by William O'Neill,'The Playbook' by Mike Belafiore and 'The complete pennystocking guide' which is Tim's stuff written by someone else. I also suggest all of the free videos from SMB Capital, they are very technical but after you figure out their in-house jargon they do some amazing trades.

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Received 5 Karmas
sailormanjac
1
sailormanjac Dec 18, 19 9:14 PM

They look like a classic stairstepper pump and dump and yes their financial are horrifying. Thanks for verifying. Aloha and good trading.

anatomic
anatomic Dec 22, 19 12:00 AM

If you feel you have an edge playing this low volume stuff, fine. But these setups are not scalable with real $. You would be very lucky to squeak out a $1000 win ever playing this stuff. You also leave yourself wide open to getting blown out in a black swan move. TMRC was fine, but the rest look pretty rough

PennyStock_Meg
PennyStock_Meg Dec 22, 19 6:35 PM

@anatomic I hear you. I've been trading coming up 3 years now. I've played penny stocks, large caps and mid cap stocks. I've leaned more toward OTC this past year, just b/c the profit potential is so much more. I generally trade between $300-$600/trade. The reason why is b/c if you are wrong, you can lose up to 50% of what you put in even with good risk management. But if you are right on the trade, your win can be between 50-400%. It's crazy

sailormanjac
1
sailormanjac Dec 22, 19 7:49 PM

judging from your profit chart I would be led to believe that you definitely have some things figured out. Aloha

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cord23cc

@cord23cc just became a fully transparent trader today!

sailormanjac
sailormanjac Jan 09, 11:15 AM

Hey Brah, you just gotta spectate for awhile, check out peoples pages see who has winning trades and see what the do in the chat room, believe me the more you expose yourself to trading the more it will sink in. listen to chat with trader podcasts and watch youtube videos from nate at investors underground and connor from boiler room trading. I am sure that that will help you. If you ask too many ?'s in the chatroom during market hour Mr Lento will scold you, Aloha

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Received 43 Karmas
md2263
1
md2263 May 15, 11:45 AM

Andrew- thanks for your karmas! Yes, position size is key. It's all about risk. If you're risk averse, trade modest amounts. Once your trading execution skills are good, then you can ramp up the amounts you bet. It isn't a sure thing so you have to 'self-insure'. Very important. Baby steps, baby percentages and baby sums, at least for me!

Andras2K
1
Andras2K Jul 05, 7:57 AM

Good read! Thanks for the tips and reinforcements!

Itspayday
1
Itspayday Jul 12, 11:54 AM

thank you Androoo, man! I appreciate your thought on this, you're right on touching the topic of SIZING, I have same struggles. thank you for the RULES TO FOLLOW I like them I'll implement this asap.

Buckers
1
Buckers Aug 13, 6:50 AM

After a sting of losing trades I keep coming back to this page as I appreciate your own thoughts through your experiences, I thank you for the time you put into explaining exactly the same feeling that am currently experiencing. Although I can say that I have not yet found a set up that actually works for me, I continue to track my trades feeling sure that one day the light bulb will come on. Again thank you for this insight. Best wishes and safe trading

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JBlakes

@JBLAKES just became a fully transparent trader today!

sailormanjac
sailormanjac Dec 18, 19 9:29 AM

Hey Brah just wanted to thank you for your 9:28 chat. I was watching INPX all morning and got distracted your chat got my attention and I was able to get in the low end of the first green candle and that started the best day I have had yet. Thanks again. Aloha and good trading

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Stockdancer

@KarolaCrawford just became a fully transparent trader today!

Received 1 Karma
sailormanjac
2
sailormanjac Dec 18, 19 9:11 PM

sorry so long, guess there is a limit. I can do three trades a day so now I must wait for a setup anf then I must decide if it is worth taking or do I wait for the next one.

sailormanjac
3
sailormanjac Dec 18, 19 9:12 PM

and btw how do you karma someone?

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