fluffycone - we spend countless hours reviewing (teaching
tidbits) here and in newsletters but one must apply such teachings
in accordance with their specific objectives and risk tolerance.
Unlike a Math equation - there is not one simple answer.
I'd be happy to review a detailed question with all the data
points provided along with the risk tolerance employed by the
trader. But this takes time and is very difficult during
market hours when things are moving. I'm trying to share
information here that is most relevant during trading hours such as
key support resistance zone on the SPX which tends to impact many
holdings.
Posted by fluffycone on 23rd of Apr 2024 at 12:49 pm
1. What are examples of "Objectives"?
2. What are examples of "Risk Tolerance"?
When I hear these questions, I feel like a deer staring into the
headlights.
You are correct that you guys have been providing many hours of
tidbits (nuggets), but I seem to never be able to glue the
tidbits together into a working solution. I did post a process
earlier to see if I understood how to leverage the KISS STS tables
correctly.
BTW, I am using Investopedia Simulator and I can say that I have
blown up that account a few times. LOL!!
One reason you have likely blown up that account is you have yet
to establish a PLAN that incorporates a systematic approach
including valid reasons for entry such a valid support and
resistance and/or valid patterns (followed by triggers), realistic
targets and appropriate stops levels.
No, I haven’t blown up my plan. I have made almost 20k in
profits the last two days. I have paid for this service for over
ten years and followed it pretty closely, but you’re right, I
struggle with developing a plan. And you’re right , I tend to
swing too hard and too fast, then react. Also I am a swing
trader, not a day trader, so interpreting day trade comments and
trying to convert them to swing trade action is a bit difficult.
I am using IRA money and have to respect the 2 day
restriction on selling. Per our DUST/GDX example, maybe I can learn
to enter and exit in increments so that I have more flexibility in
timing and can make more gradual shifts instead of too much all or
nothing. I have learned a lot from you, but not enough, and I tend
to trigger you when I ask a dumb question. Sorry for that. I’ll
work on it.
Investopedia Simulator?? I don't know what that is and have
never looked at it, what are you simulating or doing with it,
unless you gave exact details or some examples of that I can't make
any comments or give any feedback at all to that
Posted by fluffycone on 23rd of Apr 2024 at 06:04 pm
I am using a Free Paper Trading Account to better understand and
practice these concepts demonstrated on BreakpointTrades. I
think schools use this website to teach student about the stock
market and trading. So when I blow up my account, it is just a fake
account. No real money is being used.
I know better than to go to Vegas and Play Poker against poker
professionals with real money. I will lose every time.
fluffycone - we spend countless
Steve, Is it a good time to sell DUST?
Posted by steve on 23rd of Apr 2024 at 12:17 pm
fluffycone - we spend countless hours reviewing (teaching tidbits) here and in newsletters but one must apply such teachings in accordance with their specific objectives and risk tolerance. Unlike a Math equation - there is not one simple answer. I'd be happy to review a detailed question with all the data points provided along with the risk tolerance employed by the trader. But this takes time and is very difficult during market hours when things are moving. I'm trying to share information here that is most relevant during trading hours such as key support resistance zone on the SPX which tends to impact many holdings.
1. What are examples of
Posted by fluffycone on 23rd of Apr 2024 at 12:49 pm
1. What are examples of "Objectives"?
2. What are examples of "Risk Tolerance"?
When I hear these questions, I feel like a deer staring into the headlights.
You are correct that you guys have been providing many hours of tidbits (nuggets), but I seem to never be able to glue the tidbits together into a working solution. I did post a process earlier to see if I understood how to leverage the KISS STS tables correctly.
BTW, I am using Investopedia Simulator and I can say that I have blown up that account a few times. LOL!!
One reason you have likely
Posted by steve on 23rd of Apr 2024 at 01:07 pm
One reason you have likely blown up that account is you have yet to establish a PLAN that incorporates a systematic approach including valid reasons for entry such a valid support and resistance and/or valid patterns (followed by triggers), realistic targets and appropriate stops levels.
No, I haven’t blown up
Posted by mdgfain on 23rd of Apr 2024 at 02:44 pm
No, I haven’t blown up my plan. I have made almost 20k in profits the last two days. I have paid for this service for over ten years and followed it pretty closely, but you’re right, I struggle with developing a plan. And you’re right , I tend to swing too hard and too fast, then react. Also I am a swing trader, not a day trader, so interpreting day trade comments and trying to convert them to swing trade action is a bit difficult. I am using IRA money and have to respect the 2 day restriction on selling. Per our DUST/GDX example, maybe I can learn to enter and exit in increments so that I have more flexibility in timing and can make more gradual shifts instead of too much all or nothing. I have learned a lot from you, but not enough, and I tend to trigger you when I ask a dumb question. Sorry for that. I’ll work on it.
That was a reply to
Posted by steve on 23rd of Apr 2024 at 02:46 pm
That was a reply to Fluffy post where he stated he blew up his account via simulator - not to you, so please review closely to avoid any confusion.
Ok. Thanks. Sorry for the
Posted by mdgfain on 23rd of Apr 2024 at 04:27 pm
Ok. Thanks. Sorry for the confusion. It was under my heading on the Community post, and I didn’t open the whole chain. I have been working.
Objectives - what are you
Posted by steve on 23rd of Apr 2024 at 01:01 pm
Objectives - what are you attempting to accomplish in terms of gains on your portfolio. Just broadly speaking.
Risk Tolerance - how much are you willing to risk to obtain your objectives.
A specific example would be on a trade - what percentage gain are you looking to achieve? What are you willing to risk to meet that target?
Investopedia Simulator?? I don't know
Posted by matt on 23rd of Apr 2024 at 12:53 pm
Investopedia Simulator?? I don't know what that is and have never looked at it, what are you simulating or doing with it, unless you gave exact details or some examples of that I can't make any comments or give any feedback at all to that
I am using a Free
Posted by fluffycone on 23rd of Apr 2024 at 06:04 pm
I am using a Free Paper Trading Account to better understand and practice these concepts demonstrated on BreakpointTrades. I think schools use this website to teach student about the stock market and trading. So when I blow up my account, it is just a fake account. No real money is being used.
I know better than to go to Vegas and Play Poker against poker professionals with real money. I will lose every time.
Investopedia Simulator (Paper Trading Account)
https://www.investopedia.com/simulator/
investopedia.com
Simulator - Investopedia Stock Simulator
just play small. Until you
Posted by steverobin on 23rd of Apr 2024 at 06:47 pm
just play small. Until you have skin in the game you will not know how you feel when your position is challenged