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...
I posted my warroom in the other thread, but this post has me curious what your preferred indicators are and why? Promise I won't challenge you...
Yeah that makes a lot of sense. I think I'm gonna try 1.25% for awhile with my larger moves, and then more like 2% if I'm doing a smaller move on...
I totally get the need to back test and to paper money for a good while, but I'm also more of a learn by doing person, and I'm also in my 40s, so...
That's what I keep telling myself, that these were unlearnable without getting punched in the gut and going thru it first hand or having some guru...
Do you mean how many positions am I doing per day? Usually no more than 1 or 2. I watch about 12 companies premarket. I still really struggle...
Thanks, that's another good point. I've learned. Expensive lesson unfortunately, but hopefully I'm hitting at least 2 or 3 to 1 on my plays for...
Thanks Everybody! These are all very helpful in their different ways, appreciate the detail too. I'm just watching today, trying to calculate on...
Don't know if this makes me stupid or smart, but I'm so expecting one of those flash crashes that I'm only day-trading right now. Everything...
Another rookie question from yours truly, a three-parter after I just took the 2 dumbest losses in my very short trading career this week alone, I...
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