I am just writing this here to basically test this blog spot out figuring out how this program is working. So far what I have learned is you have to study like crazy especially at first. I have dabled here and their over the past 3 month in trading started following sykes recently and really took alot of his information in.
Alot of the information is like opening up a fire hydrant and you trying to absorb as much info as you can possibly manage. I have felt that learning the technical analysis is extremely important to learn where resistance and support levels are, learning about break outs knowing what they are and how they react on small cap low float (nano, micro and large) stocks.
Having to plan your trades in advance is very important drawing out key resistance and support lines definitely helps with seeing the big picture and where would be a good entry point and exit point. Without having these areas pre-drawn or at least kept in the back of your mind when trading a stock you basically do not have a plan nor even an idea as to what your r/r is when about to risk your hard earned money.
To start as DUX has presented within his statistics 1 and 2 youtube videos and grittani's videos without statistics backing up specific patterns that you start seeing while staring constantly at the screens you will not be able to determine whether a certain pattern is attainable. I have tracked so far 14 stocks that have ran a pattern that I have started to observe happening off of catalysts and so far its success rate of producing at least a 10% return has been at 64%.
My plan is too concentrate all my effort on this one specific pattern acquire more data to be able to have an even bigger data set to properly determine the probability. So far at 64% success rate I feel like I am on the right track to possibly have some success trading this specific pattern.
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