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  1. GrowleyMonster

    KGTrader4 Paper Trading Journal - My Training Wheels

    Most guys here like to have a target picked out, just because it is good to have a good ratio of loss to potential profit. You don't have to sell there, but it is good to figure out how much gain you can reasonably expect. You can scale out, after selling say 25% of your shares at target. Or set...
  2. GrowleyMonster

    59 Minute Trader by Dan Fitzpatrick of StockMarketMentor.com

    LOL! Just HOLDING good stocks over the past 2 weeks should have made ANYONE a shit pile of money. Especially if it was in a $250,000 paper account. I bet that's what you are working with, huh? So far, you haven't impressed anyone. If you found some guy who would buy your course, glad for you...
  3. GrowleyMonster

    People are negative about trading

    Why tell anybody? Not their business.
  4. GrowleyMonster

    5 Things I have learned in 5 years of trading!

    Good question, but if it is trending DOWN, the answer is obvious, you just have to be ready to reverse your short position if it starts going bullish. Overall in the long term markets go UP. So, in the short term, there is a better chance it will go up than down. I REALLY try to keep my cash...
  5. GrowleyMonster

    5 Things I have learned in 5 years of trading!

    Okay, I'll have a go. I won't include a lot of the good dope in all the how-to-trade books. Super basic stuff, a beginning trader should already know. ANY trader should already know. So if I leave off some basics it is because I ALREADY KNEW THEM BEFORE I made my first trade, same as everyone...
  6. GrowleyMonster

    KGTrader4 Paper Trading Journal - My Training Wheels

    When you go live, will you have a $200k account to trade with? Set your paper account balance to what you will start with in real life, even if it is below the PDT threshhold. It is okay to have a small account. This isn't a dick measuring contest.
  7. GrowleyMonster

    How much is the proliferation of Index ETF trading affecting stock prices?

    Yeah I know that the individual stock prices collectively drive the ETF share prices, but I was just wondering how much the tail is wagging the dog. Some of those funds have gotten huge, and I found myself thinking about how all that capital must be manipulating the stocks that make up the...
  8. GrowleyMonster

    BLDR

    Excellent. If you have sensible rules, then always follow them without exception. You might watch this stock for a bit. Watch it on the day chart, i.e. each candle is representing one day. set your chart to show the Bollinger bands. Okay, this indicator isn't magic, but I do like it and the...
  9. GrowleyMonster

    How will you deal with the Big Crash? What is your plan?

    Just wondering what everyone's plan is, for when/if we get a really really really big crash in all markets with general profound recession/depression. I am thinking in unsettled times, there might be a risk in short selling, or buying reverse ETFs, etc because the markets as we know them could...
  10. GrowleyMonster

    Good at poker bad at trading, how could that be?

    Different game. Different rules. Different strategy. There are some takeaways from poker, obviously. Like risk and money management. Learning to keep your emotions out of the game. Recognizing when the game has turned against you, and getting out instead of trying to fight it. Knowing whether...
  11. GrowleyMonster

    BLDR

    Meh. Not so bad. Orange line is QQQ. Candles are one week. Displaying bollinger lines, 9EMA, 2 std. dev. on the BLDR. Notice that at this time scale, BLDR seems to be in top reversal. Short term trades always work out best in a long term up trend. But, let's look at a day chart. See, how it...
  12. GrowleyMonster

    Dreaming or is this real....

    I think the trend is now up because apparently the rest of the world also thinks that the trend is now up. Of course there will be pullbacks and corrections. Of course there will be more disasters. Yeah, the "big crash" is always looming like the monster under your bed, except it is more real...
  13. GrowleyMonster

    The Microsoft source code breach may be much bigger than we thought

    Meh. Releasing it to the public should be no big deal, if it is good, solid code. If it won't stand up to public scrutiny and analysis, then it should go down in flames. Security through obscurity is a totally flawed and failed approach that has been debunked broadly since the inception of the...
  14. GrowleyMonster

    You guys seeing those higher highs and higher lows yet?

    I'm waiting for a market-wide top reversal. Then I will sell my entire position of TQQQ and buy SQQQ. Vice versa at the bottom. The whole nine yards. Tee Triple Q is at $56 now. I could definitely see it going back down to $40 before bottom reversal. If I can't make it on the Q's then I can't...
  15. GrowleyMonster

    Does anyone here use more esoteric trading strategies like Astrology or psychics?

    My crystal ball told me a few days ago to just load the boat with TQQQ or MNQ and hang on tight until the day chart shows a likely reversal happening, and not try to second guess individual stonks. Seems to be working okay-ish. Sometimes simple is good.
  16. GrowleyMonster

    You guys seeing those higher highs and higher lows yet?

    NASDAQ is pretty perky these last few days. I haven't even looked at anything else. I'm all in, holding out for the top. But I'm ready for a reversal, too. Yeah I am not gonna make light of the plight of Ukraine, either. I really sympathize. They don't want much, just to be left alone and not...
  17. GrowleyMonster

    Newbie luck

    Honestly, the fundamentals I find boring and irrelevant. My wife usually reminds me when earnings are out or a dividend is announced in whatever I am holding. My news feed is basically cute baby animal vids and propoganda about the ukraine war, or scare stories about the latest and worstest...
  18. GrowleyMonster

    Newbie luck

    Sounds like you are very nearly selecting your stocks at random. You should learn to use a scanner to watch for things like suddenly increased volume or volatility, or patterns. You can watch the news, too, and extrapolate from current events. Like pandemics or wars, to use two good and timely...
  19. GrowleyMonster

    buy the dip?

    Yeah buying the dip doesn't always work as advertised. I thought the NASDAQ was near bottom when I bought 120 shares TQQQ recently at $53.20 and then I watched it go down in flames. Yeah I shoulda dumped it and bought SQQQ and rode that to the REAL bottom, but yesterday vindicated me. Markets as...
  20. GrowleyMonster

    Breaking the Pattern Day Trading Barrier

    Actually Overnight is pretty knowledgeable and comes up with some pretty straight up ideas sometimes. You might want to take a peek at what he said. He genuinely likes to help noobs.
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