Filters (0 applied)
Again....so gun shy that I only stayed in for a couple minutes and got out as soon as a red candle popped up. Level 2 wasn't looking horrible, but there was a large seller, so I bailed.
I'm so gun shy now that I got out at the slightest sign of a red candle....LOL.
After the initial spike, I watched the crash back 1.97. I flubbed entry at 2.10, but watched it play around resistance and support. I'm starting to understand what I'm seeing with a volume between 200k -600k. I saw the sell off happening and support around 1.95 and thought momentum with buyers at higher levels. It climbed to 2.30. I got out at 2.29. I'm feeling a bit more confident today in my understanding of level 2.
Well, at least I'm paying my tuition....and not too much really. I'm only down around $300 in my account....so small trades while learning to get a better win ratio.
Well, still a crappy trade. I need to learn to have patience. At this point I'm so gun shy that any change in direction makes me want to get out. If I would have held today's stocks for a few hours, I would have made money on ALL of them. Tim's teaching is great, but I need to be able to better read level 2 and understand what I'm actually seeing on level 2.
Sigh.......again.....
Someday I'll understand WHEN to get into a trade and not after it is at it's top. I need to better look at level 2 and support and resistance.
As soon as I entered, it dipped. Got right out. I'm not sure I'm ever going to learn how to get in at the right time. But, at least I'm learning to jump out quickly.
It sure isn't like riding a bicycle after 4 yrs of taking a break. However, I did exit early this time, so small loss
I watch the index a lot closer now It was choppy today, but I noticed that the stock prices seem to track with a delay to the index. I buyinto a strong volume uptrend, but the index was in a dip. I bought, the stock tracked the down spike of the index. I am so gun shy now that I cut and run and some bounced back. The ones where I thought I would wait it out....I lost quite a bit. It's a dangerous dance for sure.
Never attempt to copy or mirror the trades discussed on this website or in alerts. Attempting to do so may result in substantial financial losses. Alerts are not provided in real-time. For that reason, it is highly unlikely you will be able to buy the stocks at the same entry price, or sell the stocks at the same exit price, to achieve the same or similar profits obtained.
