OONPAPERTRADES

 Received 1 Karma
bigman
1bigman Jan 30, 10:29 AM

Ho - Lee - Shit, great trade. Risky af tho

thoe99
thoe99 Jan 31, 10:35 PM

Awesome work, but crazy position size indeed. I roughly calculated the size to be about $850k. I've never tried shorting that large of a size relative to my account before, but will your brokerage let you short using margin? Also, I wasn't able to find shares to short that day in both Etrade and Interactive Brokers, so that's something you may be let down on with a real account.

OONPAPERTRADES
OONPAPERTRADES Feb 01, 1:20 AM

@thoe99 loooo I'd never do that with a real account regardless, like, ever. I would've cut initial losses and waited for my time to short at highs. Theres some trades I of course make with this paper trading account I wouldn't with a real one. That's the benefit of having a paper trading account, you're able to explore new plays, trading styles, etc.

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Chongette32

 Received 1 Karma
thoe99
1thoe99 Jan 18, 10:31 PM

Thanks for all of your daily charting. It really helps me too. You chart a lot of excellent entry points. Are you able to see these form real-time? and ultimately act on it at the moment?

Chongette32
1Chongette32 Jan 18, 10:43 PM

@thoe99 You're welcome! I'm getting better at seeing it real-time but not on all the stocks of course. My pattern recognition has improved a lot in the last month so now it's trying to capture it real-time and not hesitate when I see a good setup/familiar pattern.

thoe99
thoe99 Jan 18, 10:47 PM

I'm a few months into learning all of this. I can often see these setups forming, but I suffer from hesitation too :/

Chongette32
1Chongette32 Jan 18, 10:54 PM

@thoe99 hesitation comes from lack of confidence and conviction in your thesis. The more you study and recognize these patterns the more confident you become and can place a trade without fear. 😊

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OONPAPERTRADES

Eh, nevermind lol, I'm not going to go private. I like being able to help people with my watchlists and trades.I want to see everybody grow, win, and learn as a trader. It's not that serious too me. Going to post another Watchlist tonight.

thoe99
1thoe99 Jan 09, 11:05 PM

I made $4 today lol

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buckleuptrades

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thoe99
thoe99 Jan 01, 5:38 PM

I followed this pump company from 12/6 after getting a pump email. Yes, they are as blatant of a pump as can be. I'm primarily using this to witness it play out live, as I cannot find any broker that will let me borrow shares ahead of time, just to reserve for when the crash happens. I have TDAmeritrade, Etrade, and Optionshouse. Let us know if you have any better luck.

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OONPAPERTRADES

200k in 6 Months, started this account with 10,000 Thinking it'll be hard to make 25k and hit 100k about a month ago. It's all paper trades, but I'm becoming more and more prepared for the real deal. This profit.ly page and my trades most of all is to show everyone the IMPORTANCE of PRACTICE. Everybody wants to just jump into trading, including me, and everybody ends up losing a good sum of money, including me. I've since gotten past that and have learned just as much if not more than I would with a regular trading account. New traders always ask me what's the best advice I could give them, and I always say it's to start a paper trading account. You have the freedom to try new patterns and strategies without being scared of losing money. Like Timothy Sykes Says, Trading is a marathon NOT a race. I learned that the hard way and I hope everyone else learns from my mistakes and sees my success with this paper trading account and takes that lesson with them.

 Received 1 Karma
OONPAPERTRADES
1OONPAPERTRADES Dec 31, 16 3:19 PM

@thoe99 A little bit after my first 100k on this account I sized in about 60% of my account. I have since stopped doing that lmao and put maybe like 40 % now.

OONPAPERTRADES
1OONPAPERTRADES Dec 31, 16 3:21 PM

@TheHorselessHeadsman I appreciate it man, occasionally I get someone who hates on me and takes the time out of their day to madoff every single one of my trades ever lmao!. almost 300 trades this dude goes through and down thumbs. It's weird but it's fine. I've never once said it was real money and I post my big losses as well as my wins. I hope 2017 treats you the best as well!

thoe99
1thoe99 Dec 31, 16 5:04 PM

@OONPAPERTRADES I think you mentioned you're doing real money soon, right? I'm very excited to see your success carry though then too. I'm still very new to this and have been absorbing as much knowledge with all my free time. It's so good to see a forum with such transparency and successful people like yourself, on paper or not.

OONPAPERTRADES
OONPAPERTRADES Jan 02, 12:07 AM

I am whenever I get enough money too yes, until then I'm just going to get the practice in and I'm in no rush. I learn something new almost everyday still. But yeah I agree this platform is great I don't know what kind of trader I'd be without it or if I even would be trading lol. Happy new year good luck to you in 2017 !

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Chongette32

thoe99
thoe99 Dec 21, 16 9:18 PM

I enjoy studying your technical analysis. It's helped improve my own entries too. How do you go about determining selling points?

Chongette32
1Chongette32 Dec 21, 16 11:07 PM

@thoe99 Thanks. That's awesome. I haven't perfected my exits yet but the red lines on the chart are the resistance levels. I would look to see if the stock makes a new high. If it doesn't and breaks below support I would sell. I'm going to use the Parabolic Sar to help me determine exits too. It doesn't work for all stocks though, same with RSI and MACD. Only works for some stocks

Chongette32
1Chongette32 Dec 21, 16 11:09 PM

@thoe99 Also I look at the range on big volume days on the daily which is also an indicator on how far the stock can go. This is all easy in theory but when I'm trading live I always sell too soon. It's a big problem of mine.

Chongette32
1Chongette32 Dec 21, 16 11:14 PM

@thoe99 For eg with the last chart ANY. Say you buy on first break at 0.25 at 9:59AM. You can sell into the first spike near the red line at 0.325 at 10:03. Or you could wait for the dip and if it breaks below 0.28 at 10:04AM after the two candle before that make support you can sell. If it doesn't break that means it's going up again and you can sell into the next spike in the 0.40s or at 0.35 at 10:17AM if the cup and handle fails. So a few ways to play it.

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