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Ok, we are seeing the same thing. See my yellow circle on the right, in the chart I posted. it’s around 312, I said 300, that was mistake.

What do you see?

Yes, it’s where I see resistance in the charts.

Agree, I’ve done that. I’ve had situations (in the short time I’ve been trading, paper or otherwise), where it just became apparent to me that the stock wasn’t doing what I expected or hoped and I’ve gotten out before a stop was hit. So in that regard, yes I’ve got flexibility on both sides.

I don’t want flexibility on the way down. Seems to me, that’s where emotions can hurt you more. If I set a stop, limiting my losses, and moved the stop up, as the stock goes higher, I’m protecting downside (and profits).on the upside I want to let profits run. im looking at this trade (and...

Good point thanks li know my target gain is more than twice my potential loss at the stop

Buy price $274.87. I know i should have a target, but i dont, i think there is a fair amount of upside, even to old highs, with some minor resistance along the way (dont have chart open). I like to keep flexible on the sell side on the way up.

Bought 50 NVDA. 1. Above the 10 day, 20 day and 50 day MA 2. 20 DAY just crossed above the 50 day 3. looks like its been consolidating gains the last two days. Stop in at $256, max loss just 1.8%% of capital (i'm sizing trades to assume $50k capital as i would in real trading.)

There aren’t as many potheads in Canada as in the U.S. LOL

I’ve gotten most of the ideas here (maybe all) by reading IBD. When I find an idea, I look at the charts, and focus on pattern, along with above or below the 9 and 20 day EMA. Sometimes ill also look at a 1 minute intraday chart, before entering to decide on a good entry price. I look for tight...

Got it thanks. Im good point. Going forward I’ll post my thought process on entry and exits.

trust me, big swinging sick is not an issue for me, I’m 71 years old LOL. SEE MY RESPONSE to dead dog. I get it, thanks.

Yeah you are probably right, I’ll adjust the position sizes going forward and base it on 50k start value. I’m keeping a spreadsheet with a running balance, including a column for notes so I can record my thought process

Yes that’s what I’m doing on a percentage basis. The ThinkorSwim paper account defaults to 200k. I’m doing trades at 10% of that. When I start trading for real, it will be the same 10%, but probably of $50,000, maybe 100 max

One of my rules (work in progress) is to always enter a stop as soon as i enter the position, and make sure the stop represents a loss not more than 2% of total capital, preferably, 1%. I hope the thread gets attention and comments in the JOURNAL section, and doesnt get lost. This section seems...

Bought 200 CVS @ 108.46. Put in stop @ $105.50 just below the 20 day EMA

I set up a trading journal in the "JOURNAL" Sub forum, so i dont clutter up this section. I'm just posting my trades as they happen and its in a paper money account. Constructinve Comments are always welcome, thats how i learn. its here...

Today i bought 20 shares UNH @ $515.47. Stop placed at $494 (just below 20 day EMA and previous high/resistance)

OK, so i decided to try training wheels before trading more real money.. i'll just list my stuff here as it happens. Total account at inception - $200k (fake money obviously) A few days ago, i bought EQT - 500 @ $28.05. quick 15% gain, sold half today at $32.32. Stop in on the rest at $29.006.50...

Maybe I should start a thread in journal section and post my trades like this, so anyone not interested in helping a poor noob out doesn’t have to look at it in the stock section.