I think the one thing you are missing here is these are all very different patterns. You should take a step back and look at the setups and focus on one or two setups. What are the patterns you play and have you developed a trade plan for those setups? I recently went on a big trading spree of random patterns and took very random trades and didn't not get great results. Since I refocused, I only focus on specific patterns and only trade them when they match my trade plan perfectly.
@JKelly has a good point as well. I have found it easier to focus on 2 patterns (premarket breakouts and overnight holds) for better returns. Dux mentions that these are his most successful patterns. I find buying something ending near the HOD in the last power hour to be a good overnight hold as long as there is no overhead resistance.
It is very frustrating to miss a good setup by just a penny or two, I would rather missing by a mile or not be right at all. But I take pride in the fact that my setup was correct and I was at least in the playing field.
@waddell I actually am still in the process of determining a pattern or two that work best for me. So, I'm still trying out patterns and collecting data on my abilities. Believe me, that's something I want to do.
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@dux are you trading on a razer laptop? if so, how is it treating you?
Just remember, you must learn how to lose before you can win. Tim G blew up his account SEVERAL times before becoming profitable. Keep at it brotha. Cut down position size, stick to your plan, and most importantly, cut losses quickly and move on. Learn from your mistakes.
Yes, it hurts to lose. But, I believe that you are building your trading character and wisdom. I have learned from Tim.I only use about 10% of my portfolio to stop the pain.
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@RolandWolf If you happen to be doing an overnight hold (as you described in the podcast interview) could you make a video on it? would love to hear your thought process when deciding which stocks are good. Big fan of you man!
yes please
I totally agree
Yeah really hope to see one on that strategy.
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@RolandWolf will you be making any new youtube videos soon?
@buyandup hey man how much did you start with and how did you go about scaling up?
@dux will you be covering scaling up in your dvd? I feel like the mindset with under 25k is different from having 25k+.
Good job of going green on your profit chart!
@RockRobster thanks!
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