Thanks Doc! I've gotten burned by a couple stupid stop loss trips too already, one with MRNA last year still pisses me off. I'll start working...
50, I like to use half the acct, hold half back in case I see a move I like even better. What do you recommend?
927
Entry on this short is around $922 and exit is around $913, so 1% move thereabouts.
My humble system doesn't work as well on 5 min charts. Here's a couple entries and exits on the 1 min charts for 2/18 on MSTR. Green arrow is...
LOL, you've inspired me. I promise I just wrote a couple things down and will add to it tomorrow and by the end of this week I will have...
ps - that other trading plan thread you linked to looks great, gonna read it front to back, thanks!
Yes and no is the truthful answer. I have a written morning premarket routine. It's at about 9 things I should do while I'm figuring out my...
You're being cryptic my man. Long answer is I use a daily watchlist. Going into the bell, I hone in one or two promising crossover setups. I...
Thanks Coach! Not sure how to answer your next question in other terms than the aforementioned EMA system. Gimme a hint what you’re hinting at?
Go short when the EMA crosses below the SMA on the second red “Trigger” candle and set your stop at the nearest previous high?!?
Tell me if I’m right first! Proportionally it’s not close to the 1.25% rule of thumb I was pitching earlier but situationally seems wise because...
Green arrow is where I’d short and redline is stop loss at previous high to avoid any chance of higher highs
If I’m understanding right the red line is my stop loss
Well after the EMA has crossed over, I'd buy during the second green candle, say around 130.3. That's been my bread and butter so far. Knowing...
Hm, I'll look into that. That's another thing I haven't tried to figure out yet, reducing or increasing positions. I tend to just open a...
I did my very first short last week, pretty brutal debut, shorted NVDA based on what I thought I understood in the technicals when the news broke...
How do I read the candles accurately if you flip the chart upside down? Three white soldiers trending downward on the left lol??
Not sure I follow what you're hinting at, easymon?
I didn't make any moves on that particular chart, but the way I'm reading that kind of situation at this point is wait for the 9EMA (purple) to...
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