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One thing I would have never thought of is actually drawing the bottom line for the falling wedge all the way from yesterday. Does the first 5 minute candle on a gap down/ gap up always play such an important role ? Is only on gap days, or on every day ?

Wow I read Xspurts analysis like 6 times , and IM understanding more and more of it each time I read it. I need to memorize more candle patterns, it seems, and pay more attention to detail, Inever knew about the important of the gap down and the first 5 minute candle high + close what it can...

Holy shit, awesome tips guys , Spurt.. awesome thanks soo much for your help , and everyone else !!!!!!!!!!!!!!!!!

Doji, How can I learn to know when a winner is a winner and letting a "winner run" like they say ? and another question, lets say I get into a position, the stock starts moving in my favor, do I start slowly raising my stop loss ? And also...where should I be placing stops ? At...

Thanks alot for all the comments guys, whether good bad or harsh I accept them all I dont like being sugar coated that everything will be ok, i Like knowing the truth and reality - thats the only way I will be able to succeed. Thanks!

What would you recommend I do ?

See I forgot to add one thing though...the place where I'm at push volume really hard....so alot of times I do "forced" trades just to keep volume high, but then again setups dont happen 100 times a day on 4 stocks.......and its really hard to keep a high volume when im trading setups only, with...

Yeah its the size...thanks guys!!!!!!!!!!!!!!!!!

Thanks for the book recommendation ill definitaly check it out !

Those were the 5 and 8 Period EMA's. Btw what was the "perfect" entry on this trade ? 8.40 ? At what time ?

I wish I had a mentor / good trade like NoDoji in my company to give me these little hints and tips to polish of my trading....thats exactly what I need, because alot of times I make these silly mistakes and I have alot of success identifying or calling nice trades but never take advantage of...

Yeah but having a stop, 7-10 cents lower, on 1000 shares...and possibly taking a 70$ -100$ hit .. is too much for me to handle, since Like I jsut said my max stop loss is 100$..... This mean.. I should trade with less size perhaps ?

Its not that its gona scare me off, my daily stop loss is 100$ , and I went in with 1000 shares... so I was down - 20$ already... plus I was down 40$ from a pervious trade... -60$ total.... i Didnt want to be stopped out for the day.

NoDoji , thanks alot that was really helpful. Yes I sort of bottom picked, I had a "feelign" its going to reverse, but like I said they were printing so much red... I didnt want to lose more $$ since I was down 2 pennies already.

Here is the whole chart. Yes I sort of bottom pick / call tops ... frequently.

Hey Guys, I have a major problem. As some of you may know I started trading as prop 3 months ago...been trading for 2 years retail ( swing trading mostly). Anyway I'm here because I am constantly stressed out and missing out on ALOT of right calls that I made, simply because I get in too...

I see a double bottom forming / inverse hns

Thanks alot guys, awesome !!

Thanks alot guys ill keep you posted..

Thanks.. I could use more words... where could I find more words ? What topic do I google for ? I get 0 search finds :(