TraderGal28Jan 13, 21 9:03 PM
Tim, question: which order types do you use to cut losses and to take profits?
$1,929 Profit
VDRMLong Stock
Entry comments: Rebuying this insane Supernova, small size due to the risk but this looks like it can keep going so goal is to sell in the .03s or .04s tomorrow
Exit comments: PERFECT gap up and no day trade used, PERFECT http://tim.ly/fgdotc2 pattern, learn it, love it, onto the next now, not going to be greedy
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| Date | Price | |
|---|---|---|
| Entry | 1/13/2021 | 0.0265 |
| Exit | 1/14/2021 | 0.0374 |
- Total Views778
- Position Size177,000
- Percentage41.13%
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dhenline623Jan 13, 21 9:30 PM
Great question! I was wondering about this question this afternoon...Thank you for asking!
Zporter62Jan 13, 21 10:26 PM
He uses limit orders
gbarr216Jan 14, 21 7:42 AM
Tim, how is it possible to make these orders at such high volumes like 177K and 200K+ that surpass the outstanding shares volume of 137K?
Parallax278kAUJan 14, 21 9:31 AM
sweeeeeet!
WWalkerJan 14, 21 9:36 AM
You had to sell that one as soon as the market opened huh?
User_1610Jan 14, 21 9:37 AM
Watching And Analyzing!
WWalkerJan 14, 21 9:43 AM
Nvm itâs back supernova
WindwalzerJan 14, 21 12:32 PM
Beautiful o/n. I am watching carefully and studying. Thank you.
TraderGal28Jan 14, 21 3:24 PM
@Zporter62 Hard to get them executed when the price flies by within seconds.
mrcartoon11Jan 14, 21 8:41 PM
@gbarr216 shares outstanding is nearly 750M what are you seeing?
Zporter62Jan 14, 21 9:49 PM
@TraderGal28 this is true but you have to give a little cushion either way. Example: if you want to dip buy a stock thatâs crashing from $1.50 and you see it starting to bounce at $0.95, maybe put your limit order in at $1 or $1.05 that way youâre more likely to catch it.
jeffalleyJan 14, 21 10:05 PM
Thanks Tim!
gbarr216Jan 15, 21 9:57 AM
@mrcartoon11 137K outstanding shares
ProCritikalJan 17, 21 6:37 PM
@TraderGal28 always adjust your limit as the price moves & be prepared for when the trade does go against you using the level 2. Give yourself some wiggle room, don't try to sell at the exact price on these fast moving stocks
ProCritikalJan 17, 21 6:41 PM
@gbarr216 in this case for your question, outstanding shares don't matter, it's the trading volume for that day. VDRM traded huge amounts of volume making that amount of shares reasonable as VDRM was highly liquid. You don't want to be more than 10% of the trading volume as you will influence the price & have trouble getting in & out quickly
