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.
One reason you have likely
Steve, Is it a good time to sell DUST?
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.