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I'd be good with that...I have substantially less, 5k shares, but would welcome the return. Any exciting information to make me feel better about this investment?

Guess you got stopped out today.

thanks all...it wasnt consistant with my plan, but I liked the setup due to the gap...It was a 50/50 play and I feel I gambled...I'll work on sticking to the appropriate text book setups

I feel like I got lucky today...puddles, geez or jscott your comments and insight would be helpful. Market started out up, CNX was down, then hit a little "double bottom", and I bought in after the first green bar(as seen on attachment). With the bouble bottom, and gap from the opening, I...

cant do a 1 minute that far back with what i have, but on a 3 min chart it went straight down in one bar, then straight back up on the next. no "incremental or staggering" pattern of selloff.

Citigroup!

good summary jscott...that is exactly what I have been doing, today I had a 3.3x reward to risk, due to using the existing level thanks for your input...i figure a few more weeks of small ball and then i may step it up a bit.

gotcha...ive been trying to target previous support/resistance off the higher lows or lower highs

how did you come up with the target on this one? I am taking a look and dont see any prior support or resistance there...can you give me some insight? I have been using your methods and having some success, although with small dollars...target areas are a bit of a struggle though

Head and Shoulder patterns remind Chuck of men he has killed

Chuck doesnt read charts, he stares them down until he gets the information he wants

good job geez and puddles. This is by far the most helpful journal/thread on ET I have ever read. I am learning and mimicking some of your plays. Just trying to master the setups and market direction. Still using the $20 risks to get the hang of it. Do you guys keep a short list of...

I frankly just enjoy how he refers to hiimself in the third person. I think it is hilarious, rather Softgiant thinks it is hilarious.

geez, thanks for the feedback...how do you go about picking a strong stock vs a weak stock? do you just measure its performance against the s&P? If so how long of a time frame do you use? Or do you look for a trend fo some sort?

thankful i stayed away...why the nose dive today? I havent had a chance to look at any news yet.

thanks for the opinions, I am trying to find out what works best. Today I lost two trades, $20 risk each(again still learning) Made 2 stupid mistakes. didnt stick to the system etc. Work in progress, but thanks for the suggestions

Lol, me too. money doenst fall off trees you know.

one other question if i may, is their a time limit to stay in a trade? For instance if you buy stock xyz at $5, and are targeting $5.25, and the stock stalls at $5.10 for an hour, two hours, three hours or more, when should you just get out of it? How does the stall affect the opportunity for...

thanks for the input. I neeeded to stay in the game a little more, it eventually did get that new "higher high" at $41.30. Live and learn I guess. I should of moved the Stop to break even and I would've nailed it. That was my concern cutting my wins short and impact the 2 to 1...

I have been swing trading for a while, and am trying to get more into daytrading. i read this thread and tried to use this strategy and I mus say the first one was a success. I think I followed it but have a question about exit. I bought TCK, 100 shares, $20 risk. I know, small potatoes...