good thought process. I purchased temptation foods (indian company) at abt 34, because it was raning from 32 to 43 or something, and sold it at 31. now it's 11 bucks. trading is basically a probability game where you make small losses when the probability fails and when it succeeds, you make enough money to cover those losses and still end up in the green.
Dude ... Love you man...lol You are really helping young amateurs like myself who are overly ambitious about the market! Thanks again for your insight
@Abercrombie7131 Yes. Now if you would have adjusted quickly, say within a day or two, to get on the right side of the trade then you would be fine. Try not to think of trading in terms of right and wrong but instead on how you can get on the right side of the trade as quickly as possible. There's nothing wrong with churning your account a little while you position yourself to be on the right side of the trade.
Hey thanks for taking the time to make these videos, I'm learning a lot from you. It's funny you decided to cover this, I bought C last week for 3.90. I dumped it wednesday this week at 3.85 for a small loss, that was the day C topped the most active list, had huge buying volume, the put call ratio plummeted, and it made a flat doji. I thought that was really suspicious and got out. Now it's in the 3.70's. Yay for successful exit strategies!
@requiem777 You the man! Good job of being suspicious and more focused on protecting your arse than on focusing on greed. You set a great example on this trade of how its done correctly.
@StockTradingMaster Thanks for the great compliment. I'm just learning right now, I know it's a really difficult enviroment to be learning the market it, but I like challenges. I'm down about 25% of my initial deposit but I expected that. I deposited what I could easily afford to lose, and I'm totally having fun. Thanks Again
good thought process. I purchased temptation foods (indian company) at abt 34, because it was raning from 32 to 43 or something, and sold it at 31. now it's 11 bucks. trading is basically a probability game where you make small losses when the probability fails and when it succeeds, you make enough money to cover those losses and still end up in the green.
gengarjetty 6 months ago
Dude ... Love you man...lol You are really helping young amateurs like myself who are overly ambitious about the market! Thanks again for your insight
roblegit 1 year ago
I probably would have bought in around late July but that would have been the wrong thing to do it looks like.
Abercrombie7131 1 year ago
@Abercrombie7131 Yes. Now if you would have adjusted quickly, say within a day or two, to get on the right side of the trade then you would be fine. Try not to think of trading in terms of right and wrong but instead on how you can get on the right side of the trade as quickly as possible. There's nothing wrong with churning your account a little while you position yourself to be on the right side of the trade.
StockTradingMaster 1 year ago
Hey thanks for taking the time to make these videos, I'm learning a lot from you. It's funny you decided to cover this, I bought C last week for 3.90. I dumped it wednesday this week at 3.85 for a small loss, that was the day C topped the most active list, had huge buying volume, the put call ratio plummeted, and it made a flat doji. I thought that was really suspicious and got out. Now it's in the 3.70's. Yay for successful exit strategies!
requiem777 1 year ago
@requiem777 You the man! Good job of being suspicious and more focused on protecting your arse than on focusing on greed. You set a great example on this trade of how its done correctly.
StockTradingMaster 1 year ago
@StockTradingMaster Thanks for the great compliment. I'm just learning right now, I know it's a really difficult enviroment to be learning the market it, but I like challenges. I'm down about 25% of my initial deposit but I expected that. I deposited what I could easily afford to lose, and I'm totally having fun. Thanks Again
requiem777 1 year ago
@requiem777 That's the way to do it. Think of it as your 'college tuition' and the cost of learning.
StockTradingMaster 1 year ago