Daily Trading Watchlist Thread - Page 56

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  1. #551
    Matt0129's Avatar
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    Man these are some good bounces. SPLI, MINE, ERBB ect. Need to learn to let my winners run a little longer. Been reading and re reading mrockrulez tweets. That account is gold

  2. #552
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    Quote Originally Posted by Matt0129 View Post
    Man these are some good bounces. SPLI, MINE, ERBB ect. Need to learn to let my winners run a little longer. Been reading and re reading mrockrulez tweets. That account is gold
    Yea, i was planning on sitting out this week since i just got back from a short vacation, but MINE was too tempting. I was watching it for a bounce, but didn't get in until .024. Debating if i should hold over the weekend or not.

  3. #553
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    Personally i wouldnt hold over the weekend but thats up to you. I was in at .0101 on tuesday, if i would have held i would have made out nice. But i sold shortly after.

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  5. #554
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    You guys ready for happypennystocks next pick? I don't think it'll run like CTTG did, I think a lot of people will just blindly jump in hoping it goes 1000% like the last

  6. #555
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    Ready for that and i think stock tips will release theirs as well on Sunday. Maybe they didn't release it last Sunday cause the whole market was red, idk.

    Careful with HPS pick though, im going to trade super small size cause if it does run 2000% or something crazy good luck trying to get out of your position lol.

    Stock tips has been awesome lately though, they bring volume and alot of liquidity so i feel safer trading bigger size, will still probably only scalp it the first day though. I dont feel safe going overnight with any of these things.
    Last edited by Matt0129; 04-18-2014 at 03:03 PM.

  7. #556
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    ^ Yeah, i won't be going in big either cuz i had some bad losses lately so i've been scaling down on size to be more comfortable for now, but I will definitely be all over both of those picks and not holding too long. Hopefully i can get some decent gains out of them to make up for my bad trading lately.

  8. #557
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    Yeah i hear you, unfortunately sometimes it takes losses in order for us to realize what isn't working or what we are doing wrong.

    I have quickly learned what my biggest downfalls are (and in order)

    1.Boredom trading - Not waiting for ideal setups and trading for the sake of trading
    2.Greed - not taking profit when im up, and turning a winner into a loser
    3.Not cutting losses quickly - Again, take profits
    4.Blindly following trades (don't do this anymore but its easy for someone new to get stuck doing this)

    Does anyone follow @mrockrulez on twitter? I highly recommend it to anyone new or experienced, sometimes the basics are great reminders. Some more advanced stuff in there as well.

    I have every single one of his tweets saved in a 25 page long PDF(makes it easier to read through them), if anyone wants them shoot me a pm with your email.
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  9. #558
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    I actually have the same downfalls, which i think are pretty common among everyone at some point in their trading career.

    Not cutting losses quickly is my biggest and now i tend to take profits too soon rather than waiting, but i'm sure i'll be able to overcome this soon. It's better to have some profits rather than a huge loss.

    and yes @mrockrulez twitter is gold
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  10. #559
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    Quote Originally Posted by Matt0129 View Post
    Yeah i hear you, unfortunately sometimes it takes losses in order for us to realize what isn't working or what we are doing wrong.

    I have quickly learned what my biggest downfalls are (and in order)

    1.Boredom trading - Not waiting for ideal setups and trading for the sake of trading
    2.Greed - not taking profit when im up, and turning a winner into a loser

    3.Not cutting losses quickly - Again, take profits
    4.Blindly following trades (don't do this anymore but its easy for someone new to get stuck doing this)

    Does anyone follow @mrockrulez on twitter? I highly recommend it to anyone new or experienced, sometimes the basics are great reminders. Some more advanced stuff in there as well.

    I have every single one of his tweets saved in a 25 page long PDF(makes it easier to read through them), if anyone wants them shoot me a pm with your email.
    These two for me too! ugh need to learn
    "Remember who's putting bread on whose table"

  11. #560
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    VTPI is HPS pick for tomorrow if anyone hasn't heard. If you plan on trading be careful with it

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