Don't mean to be down on your success my man but i took a look at your short positions recently and although you won that is a lot of leverage. On one trade you bet 59k to make only 6k. Just be careful the market is a bitch recently and i have seen R/G action in seconds. GL my man.

Nice post, thank you for sharing. I am new also 2 months in, trying to be part of the 10%.

@lombardo141 I dont use much leverage but that pattern i know VERY well and i added on the way down.. i was never in the red. if it started to go against me i would get out right away.

Nice eye opening post. Please be careful.

Tomorrows price action will tell, imo very risky/choppy id be very cautious shorting something like this, but yes could offer a nice opportunity

Thank you for the feedback.

Fundamental do not look good on a lot of these stocks but they continue to run. Id be very careful

Thank you for all the trade ideas :)

nice! organized and simple

No problem !Thank you guys for reading!

@mrsunny @PoolShark what are the pre-reqs to short? I too hve a scottrade a/c but not sure how one can start shorting?

@april4 You need to have a Margin Account and Scottrade only allows shorting stocks that are $5 or higher and not all stocks can be shorted. On several occasions my short trades were not approved and got canceled may be due to high-volatility and non-availability.

ok..thanks buddy

Your welcome. Happy Shorting :)

whats your phone number i wanna show you something

I shorted this one this morning at $12.73 and it kept going up; had to buy more at $13.24 to even out and finally when it started to come down around $12.55 it reversed all of a sudden and head all the way up to $13.35 or something but my stop loss exited at $13.20; At this point I am down $450; I attempted again and this time shorted at $13.20 and exited carefully at $12.61 and $12.51 in multiple intervals. I recovered my earlier losses and some extra change. It was little challenging though.

@mrsunny nice comeback but maan is it really worth it? my only advice would be to use smaller position size and cut losses quicker, thanks for watching! :)

Hope you had a good trade today; I tried $OPTT but got burned bad

Thanks again for all the great work.

@mrsunny No problem and thank you. Actually my DAS Trader platform was down pre-market, so i got screwed. Went from 1.5k profit to just over 200 profit by the time it came back up. Could have been worse I suppose!

@robstar Thanks!!

Your welcome I wish u $ucce$$ in your journey..

Hello Guys!!! Budding trader...here to learn & prosper :)

Great video. Thanks for sharing. Can you tell us like how did you identify the Entry & Exit points?

I identified the points by letting the RS be my indicator of coice to tell me when to enter & exit, but you can use a collaboration of things too such as price action, volume, news etc. Google stock market indicators and read & study them they will help you excel in your trading.. Hope this was helpful..

Nice post. It really helps to build the confidence when you hear success stories

@mrsunny Thank you! Don't get me wrong, it's not a lot of money yet and anything could happen but def getting there!

Thanks for the inspiration from another noob!

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