Hey Tim! I need some guidance on where to go now. I have been watching your video lessons and watched around 1,811 videos and they seem to be all the same. I am craving more knowledge but don't know where to go after pennyStocking Silver. But what I can say is that I think I need "real time" plays like webinars. Maybe it's to join the Challenge?
@RolandWolf Hey bud! I was in a trade. Well no I am still in it but the point is on this trade I'm in ENRJ I felt like I was on top of the world cause I bought 2100 shares of the stock and it went up to $0.50 per share with news on a merger. Problem is I felt so confident for it to go higher to the point that it is down back to where I bought it!! now I'm sweating so bad cause it's getting very choppy. So my question is what would you have done in a play like this. Just need a little push to the right direction. And Tim, you and the others were right this isn't a joke it's no game trading is hard. side note you need to make more videos because we all miss hearing you out! Thank you bud I hope everything is all right
Best thing you can do is study a ton, it's pretty obvious what you should have done if you understand the past. Making money on a buy and hold strategy, hoping it would go to the moon would be a fluke not a thing of skill. Don't be fooled by people on the message boards telling you it will go to the moon. You have to watch for flags and capture your gains while you have them. You should have got out when you saw the momentum wane. The reason Roland is where he is, is because he studied like
Thank you very much I was thinking about this all night last night until I looked back at that trade and broke 7 rules from Tim. And for that I'm writing myself two pages of what I did wrong. Again Thank you for shinning light on my mistakes. ( Yes I believe those people that it was going to the moon. lol)
Sounds like you already know what you did wrong. Greed set in and you wanted more.
Yea just by looking back again and again trying to figure this out and yes you're right good sir I got very greedy..
A bit harder with the smaller possitions but nothing wrong with selling a quater or half the position on a nice move up and moving the mental stop loss up.
Great trade, but just remember to take profits and don't be greedy, singles add up.
@Masterplur47 email me at ampino@asu.edu Would like to help you out where I can.
@RolandWolf I have so many questions. So I'll start with the one that is running around in my head in circles. First of all Congrats! on your success! I'm learning from what you are doing! Lead by example!! My question is I don't have any money to do anything. I'm saving up for it and the only dvd that I have is Howtomakemilions. Should I Try my best and learn from the videos on YouTube and save enough money to join the Challenge or Buy the DvD's and then join? I'm trying to do what you do and it's impossible. I work as much as I can to join but I've been trying for over a year and have not made any progress. getting there slowing. My best route is just study what I can on YouTube and watch them over and over and over again. I look up to you and I want to do the same thing what you and Tim do, and that's to help out you know? I want to help out my family (honestly it's just me and my sister and her two kids) and after that I want to help people as well. That's my dream in life my purpose in life. To help others... Thank You Roland
Just keep grinding. Traderchecklist.com is awesome and free! DM me if you'd like.
@RolandWolf Lol! I do not know what "DM' means But yes I started watching that as soon as I saw your reply. I'll keep grinding good sir!
@timothysykes It's a great honor talking to Tim and yea I've been watching them for a while now but I guess a fourth time won't hurt or until everything I see on there I'll remember like when I watch my favorite movies! And Thank You too Tim
What scanner do you use?
Its really great to see you back. I use your scanning methods all the time and find them very useful! Thanks for taking the time to show everyone how its done.
@INTIMIDATOR really appreciate the comments...thanks.
@kroyrunner what's Cobra? Did you get a new broker?
Hello!
I'm a newbie still trying to learn how to trade. What is a next DVD lesson I have to watch and learn after "howtomakemillons"?
Robinhood update
How do you find stocks on Robbinhood? Let's say scanners? I have opened an account with that broker too but I have not a clue how to use this tool. Your help will be definitely be appreciated!
And yes thanks to Tim I cut my losses quickly. I started with $375 made 6 trades and I came out with $372.99 and took my money out before I do anything stupid.
It's mainly on the timing and set ups.
So just have to wait
Join now or log in to leave a comment