He lives!
(That's you 30k)
Keep up the education on the board.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Stock Markets
24,683,420 Views |
233387 Replies |
Last: 38 min ago by Ranger222
He lives!
(That's you 30k)
Keep up the education on the board.
Didn't get the pullback I was thinking. Cut these for the L on the mini dip. Sold calls early the other day based on SRs but exited with my target.FJ43 said:
Bought SPY 388P. Trade only.
Next trade. Not going to break my rules. Sometimes I'm wrong.
FWIW....I'm short again. Will it work?
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Well, it's 108 today and i had some time to kill, so figured why not at least get some lunch money trading.FJ43 said:
He lives!
(That's you 30k)
Keep up the education on the board.
You don’t trade for money, you trade for freedom.
Moved 12% today. So did a lot of others.FJ43 said:
SHOP
Earnings coming up on 8/2. Missed last time. Looks like a lot of consolidation in this range.
On my radar.
Notice close of 50EMA. But no big volume and upper box.
Worth keeping an eye on IMO
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
I'm focusing mostly on Mancinis levels with MES. that's been a big help for me, plus if I want to look at say TSLA or AMD I will also see where we are vs the levels. it helps me think about possible directions
Enjoyed catching up and reading the board tonight. Great to see so many sharing their wins/losses, knowledge gained from real experience, tips, strategies and most of all the humility shared.
Great stuff. Keep it up gents!
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
My biggest losses have always come when I:
— Olivia 🐝 (@tradingchik) July 21, 2022
1. Played OTM options
2. Less than a week expiration
3. Added to a loser
4. Turned a day trade into a swing
5. Played earnings
6. Followed @STXRBOY999
4 out of 6 here on my big loser.
As long as your bride is happy, then yes.FJ43 said:
FWIW....I'm short again. Will it work?
$30,000 Millionaire said:Well, it's 108 today and i had some time to kill, so figured why not at least get some lunch money trading.FJ43 said:
He lives!
(That's you 30k)
Keep up the education on the board.
Was this you today?
Re: our biggest ****ups...
I averaged down on ROKU for months until finally giving up pretty much near the bottom. If the averaging down wasn't bad enough, my timing on the exit was even worse.
With all said and done I finished nearly $25k in the hole across my two accounts for around -50%.
For all the profits I've made since I got into trading leveraged, I still haven't even made enough to cover those losses.
I averaged down on ROKU for months until finally giving up pretty much near the bottom. If the averaging down wasn't bad enough, my timing on the exit was even worse.
With all said and done I finished nearly $25k in the hole across my two accounts for around -50%.
For all the profits I've made since I got into trading leveraged, I still haven't even made enough to cover those losses.
That said, that was the main reason I am trying to get more disciplined in my trading. Very expensive lesson learned and hopefully it will end up being a net positive for me.
Ragoo said:shot up to 778 then sold off back to the close.Tabasco said:What happened?Ragoo said:
TSLA is suck a freaking cock tease.
Chart I see shows daily high 751. What am I missing?
You learned from a past mistake, that is what's most important. We all have done that and the most painful lessons are the ones that take hold the most. You accepted, adapted and rebuilding, which is good, we've all done that. My best advice is to remain focused on how you're trading now and don't EVER try to make it up in one trade. For every one you hit, 9 will crash and burn.Brian Earl Spilner said:
Re: our biggest ****ups...
I averaged down on ROKU for months until finally giving up pretty much near the bottom. If the averaging down wasn't bad enough, my timing on the exit was even worse.
With all said and done I finished nearly $25k in the hole across my two accounts for around -50%.
For all the profits I've made since I got into trading leveraged, I still haven't even made enough to cover those losses.
Not singling out IrishPete, but learn from the mistake that he's posted today and take it to heart. Learn from the experience that he posted today because he shared it in the hope that others will avoid it. He let success cloud his judgement and violated his own rules, but I'm confident he learned from it, which will benefit him a ton in the long run.
This isn't a criticism of him and like 30K said, everyone has done it.
Brian Earl Spilner said:
Re: our biggest ****ups...
I averaged down on ROKU for months until finally giving up pretty much near the bottom. If the averaging down wasn't bad enough, my timing on the exit was even worse.
With all said and done I finished nearly $25k in the hole across my two accounts for around -50%.
For all the profits I've made since I got into trading leveraged, I still haven't even made enough to cover those losses.
I'm still in the red too since I started "actively trading" in or around December of 2020.
Sincerely, thanks for taking the time to respond and share your knowledge. And I hope your time away has been amazing.
All of my logic was screaming at me to cut, the chart was screaming bullish and we were going to make new highs and I needed to bail, but my ego/emotion was thinking what if I'm wrong. Damn fomo.
I had the 16 in my order manager down there ready to sell but missed it by 1 cent.
I took this screen shot for some reason. Wow what a keep sake.
All of my logic was screaming at me to cut, the chart was screaming bullish and we were going to make new highs and I needed to bail, but my ego/emotion was thinking what if I'm wrong. Damn fomo.
I had the 16 in my order manager down there ready to sell but missed it by 1 cent.
I took this screen shot for some reason. Wow what a keep sake.
Not taken that way at all. This thread is my trading journal/therapy and I meant it when I said I was gonna share the good, the bad, and the ugly starting back in May.
I plan to continue. It's helping me grow.
I plan to continue. It's helping me grow.
Do you have after hours on?
Tabasco said:Ragoo said:shot up to 778 then sold off back to the close.Tabasco said:What happened?Ragoo said:
TSLA is suck a freaking cock tease.
Chart I see shows daily high 751. What am I missing?
After hours trading versus market hours. It ran up after the earnings news.
Glad you're back in here more regularly!
irish pete ag06 said:
Do you have after hours on?
I was looking on my phone and considered that, but I assumed I were talking about the day. Understand now
Lol. Just a day I had nothing planned.
You don’t trade for money, you trade for freedom.
You were trying to short?!?! Dude, you are crazy. No no no no no. Market is clearly bull leaning right now. Under 3920 or 3890 to lean short.irish pete ag06 said:
Sincerely, thanks for taking the time to respond and share your knowledge. And I hope your time away has been amazing.
All of my logic was screaming at me to cut, the chart was screaming bullish and we were going to make new highs and I needed to bail, but my ego/emotion was thinking what if I'm wrong. Damn fomo.
I had the 16 in my order manager down there ready to sell but missed it by 1 cent.
I took this screen shot for some reason. Wow what a keep sake.
You don’t trade for money, you trade for freedom.
That sound you hear..Heineken-Ashi said:
Just as we hoped and previously outlined.. this week is playing like green weeks prior. First trend is now clearly broken (red), we've gotten multiple days of continuation, and we're going to ride it up until we get a double wick beer candle or a red reversal beer candle.
https://i.imgur.com/feIAOTE.jpg
Trade responsibly
https://i.pinimg.com/474x/82/82/ec/8282ecb38cc71b4c5799143e66eeaa54--beer-poster-heineken.jpg
That's the cold refreshing taste of sweet joy.
https://i.imgur.com/5F0hJZs.png
Yet another continuation candle, as expected. And when the beer candle finishes above the previous day's body, we like that even more. As with previous days, we look for another continuation day and start to plan our exits above 4000 where we can clearly see a major market resistance point coming into play. But on the daily, as long as the candle is green and there is no lower wick, we are looking up.
https://i.etsystatic.com/6958638/r/il/ef850b/921859168/il_794xN.921859168_ompr.jpg
who are you?
FJ43
Joined:
Jul 3, 2019
Posts:
12,249
How long do you want to ignore this user?
looks like it's recovered again, but bouncing off the same resistance line. if it breaks through 770ish it might take off.Ragoo said:shot up to 778 then sold off back to the close.Tabasco said:What happened?Ragoo said:
TSLA is suck a freaking cock tease.
Starting to run a bit in pre.
Farmer @ Johnsongrass, TX
Joined:
Sep 25, 2017
Posts:
5,415
How long do you want to ignore this user?
Clearly the Heinekandle.sts7049 said:
who are you?
Give it hell Heinekandle, I'm enjoying it.
Let's see if it climbs back up.
sts7049 said:
who are you?
Right? I thought trading tips and beer ads were 59South's game.
Charismatic Megafauna
Joined:
May 22, 2017
Posts:
7,972
How long do you want to ignore this user?
AG
2 comments since we're in self help mode:
Make a simple compounding spreadsheet with dates or months or whatever, start with your trading account balance and see what the numbers do with a consistent 2% a week or whatever. They say our brains aren't wired to understand compound interest so we have to constantly use tricks to fool it or at least remind it
Capital preservation is #1. Preserve your capital like your future depends on it, because it does. Dude i learned a lot from early on made a good point once: he said if he buys that big tv, expensive car, etc (in this case it could be a risky overweight options play) he just fired himself, he no longer works for himself but has to depend on someone else for his working capital. That has struck a chord with me
Make a simple compounding spreadsheet with dates or months or whatever, start with your trading account balance and see what the numbers do with a consistent 2% a week or whatever. They say our brains aren't wired to understand compound interest so we have to constantly use tricks to fool it or at least remind it
Capital preservation is #1. Preserve your capital like your future depends on it, because it does. Dude i learned a lot from early on made a good point once: he said if he buys that big tv, expensive car, etc (in this case it could be a risky overweight options play) he just fired himself, he no longer works for himself but has to depend on someone else for his working capital. That has struck a chord with me
Charismatic Megafauna
Joined:
May 22, 2017
Posts:
7,972
How long do you want to ignore this user?
AG
Bought a couple crwd sept 2 220c for $5
Edit: and another couple at $4. Some lucky ******* got some at 2.47. I think these just became available today
Edit: and another couple at $4. Some lucky ******* got some at 2.47. I think these just became available today
SPY gap on daily will close at 401.44. Been pretty choppy and starting to look a little toppy. Market indecision yesterday so be ready for reversal today.
Market might need to cool off today. A lot of stocks need to come back closer to the 10 day before continuing.
I do not think we will break down below most 10 days.
I do not think we will break down below most 10 days.
Featured Stories
See All
SEC Round-Up: Dawgs facing possible playoff elimination this week
by Olin Buchanan
26:41
4h ago
4.5k
10:53
23h ago
2.9k
Second CFP rankings of 2024 sees Texas A&M move down to No. 15
by Richard Zane
ElkoSZN
Instead of scheduling tough non-conference games like ND...
in Billy Liucci's TexAgs Premium
44