Nice Profits

nice profit my nigga

thnx Bra

Hi @jmtdds, First of all, congrats for your entry. Then the long you have to wait depends on the plan you made before getting into the stock. You have to know at what price you want to get out before the stock hit that price, the same if the stock goes against you. But you can tell that by watching the level 2 and looking if the stock is holding it's gains or looks weak. And regarding the time to short, I haven't shorted it, but you can set your risk level at $3.50 for example which becomes resi

becomes resistance on the first day, now at $2.22 would be a bit tough, but you can try into a fake morning spike, setting your risk level at the hod. I'm new at this too, so if this answer helps you that's great. And keep studying, it helps you to recognize the patterns ahead of time. And sorry for the delayed answer.

thanks so much for the help

You're welcome!

Make sure you dont cut losses straight out of that gate as soon as the stock doesnt go your way. Sometimes they have tendencies to bounce back, so make sure youre not pulling the trigger too quick when you sell. Try to start with only a few trades a week and make sure you really do your research. Typically the best times to are premarket/post market or beginning of the day.

up $400 on RPRX- thanks guys for all ur tips

Funny i was kind of feeling the same thing in my mind!! but first thing is if you need to have a working strategy and an EDGE which you need to know and backtest!! and this video which really put things into perspective ! watch the whole thing and take notes!! https://www.youtube.com/watch?v=GhKJ9P3agRc#t=12

I am a total noob trader and I only trade on average1-3day cycle. What are you using for strategy? From your trades the "Cut losses quickly" mantra may be destroying you. I personally rarely cut losses because I buy stuff on sale and then I buy it MORE onsale.(my main strat). There is a volitility in price and I think your stops or cutting is too tight to take into account this "rubberbanding" as I lkie to call it.