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Added to my position at $13.36

Yeah I got bitchslapped. Thanks so much for your sympathy lol. not running away from this so fast. It’s not even 10Am In hindsight, I should’ve done a buy with a simultaneous covered call. But whatever

My Stats so far, since keeping records. Started with $50,000 in trading account, August 1st Current Value $48,650 Total trades 15 round trips plus 5 open positions 9 wins 11 losses Average win $159.75 - .3% of starting value Average loss $250.62 - .5% of starting value Average position size -...

no actually it was on the watchlist that I was monitoring. I noticed the very shallow pullback and subsequent bounce today, which is what prompted me to buy it. I also looked at the fundamentals /growth rates, before making the decision So I respectfully disagree with your assesment,

Just say it. Lol I recognize that it may be extended which is why I bought small. I’m going to try to be patient with this one. May add, on a pullback. Longer time frame than usual, which I’ve been thinking fits my personality better, anyway, I may end up drifting towards more position trades...

Yeah that was the other thing I looked at the fundamentals and growth is pretty hot. Based on the volume in the last couple of days the institutions seem to be real interested

I like the way the pullback after a big gain was very shallow and quickly found support on pretty impressive volume

Couldn’t help myself. Bought small. We’ll see No discipline. Same old story. Still, looks interesting to me, if not extended

Anybody wanna tell me what they think is going on here?…(note volume as well as small pullback followed by quick rise)

please explain ‍

Ok I’ll bite Who is Ken?

Good point

I’m not expecting an indicator to tell me what to do. I’m looking for what to,use that might Haley me with probabilities, when taking into account other factors, like trend, MA’s, volume up and down, etc. remember I’m a noob. Talk to me like the dummy that I am

Thanks zghorner, good stuff.

Thanks for all the replies so far

Can’t disagree with the bonded part

Couldn’t you look at Bolinger bands with standard deviation for RSI or all of them and then look at volume separately for confirmation?

Steve Cohen can do whatever TF he wants as long as he keeps buying the right players and takes us to the WS

What’s your best overbought oversold indicator? Someone mentioned that RSI is not a good indicator for this I’m not sure why I read that it is. not sure why that either. So what’s your best overbought oversold indicator?

@trader30 Like you, I’m new. I’ve got a lifetime of experience investing (I’m 71), but when it comes to trading, I’m almost as dumb as a rock, so I can’t mentor you. but I can make a suggestion, some of which you’ve already done… I don’t think you need a mentor. I think you need to out in the...