Re-read through the topic. After I finish re-watching HTMM going to YT posted above and re-watch Trader Checklist. Pulled the trigger today and took my biggest loss to date

@Kody Damn that sucks. I'm really sorry to hear that. I pulled the trigger today, too. And made a loss as well. But, at least in my case, it felt good to enter a trade again and to execute it as planned. Even if the result is negative. I stopped out where I planned to do. This counts.

@Nodrog Right on man. I had some major technical difficulties on my end, exited 20 cents under my mental stop. Price just moved too fast.

@Kody I feel your frustration. Try to shake this feeling off over the weekend and come back refreshed on Monday.

My guess is multi-month breakout (yesterday), crypto sector play, low float (15.14M, yahoo finance), short squeeze, and a general thing to know is that a stock that is a huge % gainer is likely to get more noticed by chat rooms/other people and more likely to be traded further

I respectfully disagree, a flag isn't an indicator it is a simple intraday chart pattern although I don't usually play it and the moving averages mostly don't work but some serve as areas of support and resistance since 90% of people are using them, the 200ma on the daily for example really serves as a SR area a lot of the times. P.S. This aren't indicators these are my lines so people can see what I was seeing not some programmed indicators.

@MaverickRTG flags are bullshit, MA are bullshit, you focus on this little shit and completely ignore the big picture with MTBC, but why listen to me, I only have 19 years experience and have only made $4.6 million, right? Learn the hard way, it's sad

I do learn from you lmao and I do look at the big picture, low float gapper on news with volume also a former runner. I dont use any of those indicators to enter trades, price action is always king, instead of raging I'm always open for some constructive criticism like where you think a good buy was, since the stock shot up without any consolidation straight out of the gate.

I think flags are legit price action patterns, but not necessarily in the current market in May, especially with these stocks.

I got exactly a 13 cent loss as well in @3.08 out @2.95. I feel like stocks that go up 100% on premarket tend to come down without good dip-buy scenarios. Stay safe in trading.

I call it the hyper parabolic. If you want to long it in the morning I would suggest letting it form a trend and then buying on the third test of that uptrend. and as we speak it's setting up for a short because it has broken the uptrend and is testing from underneath. Whether it works or not is all part of the game.

@PlanB Thanks for replying!

Welp, it's breaking out now. Good thing there were no shares to short. hahaha I suppose the biggest reason it didn't work was because it based right on that $3 level. another one for the spreadsheet!

learn to control ones emotions and how one learns will allow for the highest odds probability

Great video, too bad Dux went rogue ;(

Thank you Tim!! And thank you Dux for sharing!!! Tips!!! Watched on YouTube!!!!

Thankyou Tim

Philippians 4:13. Study hard and keep pushing forward

Lol I meant 6 weeks. My bad.

Still feels like a long time, and yes we all need to study hard and keep pushing forward.

try to paper trade,study study,paper trade

VSR looks like a Short to me

fundamentally good, technically not so good! decided to see at 1.51 bought at 1.53

**sell

They are more like dip-buy patterns according to Tim Sykes, better risk/reward, not just buy at any price

Interesting!

Definitely interesting.

yes that is correct,. 2.50 Rule. Each share ya will need 2.50 per each one. Personally have never ran into a issue with the cost being a factor same for all ticker costs

$2.50 a share extra?! Holy shit! To short 10k shares, you would need 25k extra! Wow!

I think you should wait with the short selling - its much easier trying to understand and make money on long in the start and most important build a big enough account for shorting - this is a key element for shorting as the 2.50 rule apply .. Keep studying hard and your time will come!

Thanks for your replies!!