@tradermike1234 But there is also third group. Trading destroy some people. Even goat qullamaggie had and probably still have problems after big run in 20/21 and losing 60m afterwards
@TedHZhang $batl was to good to be true. While I was trying short ai and nuclear theme. Lesson learned...From now On I will short only short duration max 3 to 5 days but only if whole market goes down๐คก
@RealSimpleAriel But ep still doing it its job. I knew that after big sell off on pre market there would be a good day for earnings gaps.. And what i found...nano cap PIII and it worked like day trade magic feom OR.
@RealSimpleAriel Like qq said... there are sh*t companies but in the end he trades setups... But in his other stream he said that his trading improved when added news... what is true...the more that stocks goes up the more coverage it has
@ohiain Because it would $cost me to much๐. My pick today which would also fit your model (maybe price is the problem) $mrvi. Change of character after long base
@TheAlg0mist Back test history and regain full conviction in your strategy add risk managment (position sizing and stop losses) in place and you're done. Easier said than done because it will cost you effort and time without any reward. But once you understand it its easy.
@ohiain Do you usually buy laggards in strong groups? For example semis are overextended while $inve has basically 2 year base breaking out. I remember Minevrini once said when you see laggards its time to put breaks in...while i didn't do lots of bottom fishing... Whats your take?
@swing_ka_sultan@Qullamaggie In some point you create your breadth signals...like today....indexes are above 10/20 ma but if you have awarness that its overextended combined with setups showing up in scans you would have feel for not steping into trap.
@ohiain Things could really go spiral downwords in choppy markets like this one. But for me I must say I survived but only now understand how someone including me could be addicted to trade or do something when in reality you need to wait