Heineken-Ashi said:There is more leverage in this market than ever. Brokers are protecting themselves. Would recommend playing it without margin.Charismatic Megafauna said:
I was going to follow but got a "hard to borrow" warning. May be a squeeze setting up
Remember, your sizing is your stop. Don't take more than you are willing to 100% lose.zgolfz85 said:Heineken-Ashi said:There is more leverage in this market than ever. Brokers are protecting themselves. Would recommend playing it without margin.Charismatic Megafauna said:
I was going to follow but got a "hard to borrow" warning. May be a squeeze setting up
Taking this journey with you
Heineken-Ashi said:Remember, your sizing is your stop. Don't take more than you are willing to 100% lose.zgolfz85 said:Heineken-Ashi said:There is more leverage in this market than ever. Brokers are protecting themselves. Would recommend playing it without margin.Charismatic Megafauna said:
I was going to follow but got a "hard to borrow" warning. May be a squeeze setting up
Taking this journey with you
Following you this morning. Home sick so able to watch things more than usual.Heineken-Ashi said:
IMPUY - Buy now. Stop $4.75. No target as of now. Will find one though.
Heineken-Ashi said:
IMPUY - Buy now. Stop $4.75. No target as of now. Will find one though.
Looks like an ending diagonal needing one more low. Once it ends, it should reverse back to between $7.50 and $11 within 2 years.Charismatic Megafauna said:
H-A have you run across $indi?
It can make moves in 1 month spurts. But I'd say sometime this year. Can't be certain.zgolfz85 said:Heineken-Ashi said:
IMPUY - Buy now. Stop $4.75. No target as of now. Will find one though.
What timeline are you thinking here?
Quote:
It is only when I dropped my trading size to manageable levels that I started to become profitable in my trading... More trading size does not equate to bigger or consistent profits...
Here are some other mistakes that have come up and still do at times in my trading... Whenever I do any of the below, the market is quite swift to punish that mistake and bring me back down to earth again...
--Trading without stops and averaging in losers. I am not the Fed and neither are you. Our capital is limited. Trade that way.
-- Cutting winners and letting losers run... instead of the other way round.
--Trading based on uncertain reasons or lack of rules.
--Allowing bias from others to affect me and my trading. Not trusting my method/system.
--Trading a method with uncertain or unknown risks--especially with derivatives products.
--Trades that are taken with FOMO as a primary reason for trading decisions.
--Trading a method that is unrefined/undeveloped with too much size.
--Trading even my most sound method with too much size (risk size is determined by my appetite for drawdown and how good the method is).
--Trading with my 'ego' , 'need to be right' and 'trader quality identity' on the line.
Options are juiced for next week. I am going to wait until Monday afternoon.AgPT06 said:
Whats everyone doing with PLTR for Earnings? I lost most of my shares on $40 covered call when it ran in November. Those were in the 20's for cost average so made money but wish I had them still. Bought some again in 70s.
Heineken-Ashi said:
One of the best traders I know just posted this. Read it, then read it again, then read it again. Print it out and sticky it to your screen.Quote:
It is only when I dropped my trading size to manageable levels that I started to become profitable in my trading... More trading size does not equate to bigger or consistent profits...
Here are some other mistakes that have come up and still do at times in my trading... Whenever I do any of the below, the market is quite swift to punish that mistake and bring me back down to earth again...
--Trading without stops and averaging in losers. I am not the Fed and neither are you. Our capital is limited. Trade that way.
-- Cutting winners and letting losers run... instead of the other way round.
--Trading based on uncertain reasons or lack of rules.
--Allowing bias from others to affect me and my trading. Not trusting my method/system.
--Trading a method with uncertain or unknown risks--especially with derivatives products.
--Trades that are taken with FOMO as a primary reason for trading decisions.
--Trading a method that is unrefined/undeveloped with too much size.
--Trading even my most sound method with too much size (risk size is determined by my appetite for drawdown and how good the method is).
--Trading with my 'ego' , 'need to be right' and 'trader quality identity' on the line.
No. He's an all star technical trader on Elliottwavetrader.net, which believe it or not, has some services which have nothing to do with EW. He's an ETF and futures technical trader named Princely Matthew and routinely places top 5 in trading contests. It's a closed to subscription community for basic access ($99/month) with each trading service you add being an additional $99 monthly fee. Not very economical for small traders.Charismatic Megafauna said:Heineken-Ashi said:
One of the best traders I know just posted this. Read it, then read it again, then read it again. Print it out and sticky it to your screen.Quote:
It is only when I dropped my trading size to manageable levels that I started to become profitable in my trading... More trading size does not equate to bigger or consistent profits...
Here are some other mistakes that have come up and still do at times in my trading... Whenever I do any of the below, the market is quite swift to punish that mistake and bring me back down to earth again...
--Trading without stops and averaging in losers. I am not the Fed and neither are you. Our capital is limited. Trade that way.
-- Cutting winners and letting losers run... instead of the other way round.
--Trading based on uncertain reasons or lack of rules.
--Allowing bias from others to affect me and my trading. Not trusting my method/system.
--Trading a method with uncertain or unknown risks--especially with derivatives products.
--Trades that are taken with FOMO as a primary reason for trading decisions.
--Trading a method that is unrefined/undeveloped with too much size.
--Trading even my most sound method with too much size (risk size is determined by my appetite for drawdown and how good the method is).
--Trading with my 'ego' , 'need to be right' and 'trader quality identity' on the line.
Was this on twitter or somewhere else? I didn't see it, would like to follow them
Could be. If so, 611-613 range SPY Monday is likely. If it fails, like I said, could spend the early part of the week re-testing Monday lows.Brian Earl Spilner said:
Here comes the bounce?
Charismatic Megafauna said:
Man i missed that second drop, perfect bounce on an old line i have at es 6080. I'll buy heavily if we get another test
