I was kicking myself this morning when I was watching $NVAB crash right out the gates. I had thought $1 would be a good support level, but I'm glad I didn't buy into that junk.
I redirected my attention to $HTBX. It ran up on Wednesday near EOD, this must be a continuation play. I missed the initial morning spike AND the pullback, the ones I've been practicing on TOS Ondemand. I saw an ascending triangle forming. I got in at 2.53, on the 3rd bounce off low 2.50s. The channel started to get smaller and the vol. started to fade. The vol really shook me out and made me scared. I was afraid of the prices collapsing after it got out of the channel. I didn't give the chart enough time to play out, my emotions kicked in, but something clicked while I was watching for my entry.
Anyone who feels like they're not cut out to trade, KEEP STUDYING. KEEP PUSHING. If you want this freedom as much as you want to breathe, you will KEEP GOING.
@money4Z Don't give up on your dreams! We are so lucky even be alive! Don't waste your life not chasing your dreams.
@Swv14 HTMM was my first dvd. Lots of good info in there. Also check out Tim's other free lessons too. All good stuff
@jonjonjon71 Nice! I'm not very good yet, but I would recommend to learning 1 pattern, and focusing on 1 chart, and getting really really really good at that. The spike strength depends on the news and reaction to that news. Shippers for example. $DRYS ran for a few days. SKLN ran for only a day. Always play the reaction, it's no use discovering good new news, but the reaction isn't there.
Got It brother thamks
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