New Episode of the Discount Trader podcast is up. In this two part episode, I cover:
• Four fears of trading
• Trading mentalities
• Psychological beliefs
• Mindset
Available on Spotify: https://t.co/AnePAWTc7R
Direct: https://t.co/kiJBT0vqEE
#daytrading#learntotrade
Still convinced we're not gonna see a hot market till it shakes out all the new traders that made easy money earlier this year.
Just hanging on for dear life over here, picking up lessons as much as possible.
Made it out alive today trading $UVXY and $RMED. Being really impatient with poor entries and cutting losses quick. Have to throw a few things before something sticks, but worked out well. Will continue this for the next few weeks in this market.
@masavenya Yeah it's mind boggling. Every day seems like everything is right at daily support. Then the next day it just slices through it like butter.
@Sami_lynnnnn I neglected chart time. I made the mistake of assuming "Hands off" meant not trading entirely. Came back to trade and was clueless. Instead, I trade everyday now. Instead of being hands off in a slow market, I cut my sizing in half. That way I still get the practice without pain.
At this point, I'm starting to just laugh at the losses.
Either I'm losing my mind, or this is how it feels to separate emotions from the game.
Always tomorrow 😉
@pjmatlock Man, I did not see that coming at all. No matter what, I still have nothing but respect for you. It's time for everyone to take responsibility for their own loses. If anyone lost on that, it's not you're fault. It was a setup, and it didn't work. There's always another.
Adding more $ATOM here. Got my own DD on them. Bouncing on that 14.90 level. Really don't want to see it break below 14.50 for too long. Due for some PR.
Hope everyone had a fantastic mother's day weekend. Up and ready to kill it today. Still holding some yolo calls into this week earnings.
Preserve capital, make gains, squeeze shorts!
@ElGuapo317@ripster47 After hearing ripster give that advice, and then the momo squad on @TraderBabes say the same thing. I'm trying this out for myself. Best of luck!
@RHODESA_ What do you do when it's at all time highs and there aren't any daily levels of support or resistance. Also, do you ever use volume to determine strength or weaknesses on trends?
#PGIRNotes@PGIRPod When a stock pulls back intraday or on a daily chart on decreasing volume. Is that bullish, indicating a weak pullback? I've heard it was, but not seeing it valid in this market and not sure why.
I like $PEI into next week. REIT with a good daily setup. High short float, low float stock. Lines up well. Will cut at the first sign of it breaking down. No patience anymore.