I just hit my 9 month in the challenge and have learned from my mistakes, which is the best way to improve in stock trading. On Friday $IPI was a great example of a trap for both longs/shorts based on chart setup and previous days action. The day before was the first big red day for the stock in some time. The stock was starting to really trend up with big volume the last few days. A lot of short sellers like to short on and after that first red day but if it doesn't have that big sell off a trap can happen. In the video I describe what I saw and example how the trap happened. We will see what happens on Monday to determine whether I go long or short with this stock. If it can't break that $3.90-$4 mark I will short but if it breaks $4 and does and over/under I will look to long the stock. Thanks for watching.
@JohnnyS101 completely agree. Emotions play such a big part of your overall discipline. Thanks for the comment.
nice video man, helps alot considering i was long biased in $IPI
@HimmenyDiggaley Thanks. I enjoy your videos as well, they help me think differently. Hope to meet you in Orlando next month.
@psk2329 thanks man, nope i wont be at the conference, if you go to the next mastery youll meet me though
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