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"This doesnt make sense" in chatrooms
- Thread starter mute9003
- Start date
I'm gonna reiterate the "well duh!!" policy here as well. If you don't know why it reversed on you today (of all days), then you obviously need to learn how to read charts.
I have seen that pattern before in the indices. If the company has legs, that would be a buy.
This sucks
Frustrating as fuk to try to learn something you dont know that you dont even know that you dont know..
Its like running in the dark
Then you watch these profitable traders
what they tell me vs what i have
Find your edge - i have no concept of edge in trading
Keep it simple - i cant because even basics are complicates for new traders
Buy low sell high- captain obvious, when do i buy and when do i sell.
Dont overcomplicate- impossible i dont have the skills to keep it simple yet.
Stick to your strategy- buy at the wrong times because im new is my strategy
Let your runners(winners) run - i let them run until they run into ground is that long enough?
Its like the concept of assets that literally just randomly clicked for me a week ago from a random meme i saw on internet.
And behind that simple concept is a pile of information that is attached to that simple concept of assets...
If trading is like this. That means profitable trader's keep it simple concept is loaded with unconsciously understanding the causes of price action... which is alot of variables that your brain crunches in the background
Frustrating as fuk to try to learn something you dont know that you dont even know that you dont know..
Its like running in the dark
Then you watch these profitable traders
what they tell me vs what i have
Find your edge - i have no concept of edge in trading
Keep it simple - i cant because even basics are complicates for new traders
Buy low sell high- captain obvious, when do i buy and when do i sell.
Dont overcomplicate- impossible i dont have the skills to keep it simple yet.
Stick to your strategy- buy at the wrong times because im new is my strategy
Let your runners(winners) run - i let them run until they run into ground is that long enough?
Its like the concept of assets that literally just randomly clicked for me a week ago from a random meme i saw on internet.
And behind that simple concept is a pile of information that is attached to that simple concept of assets...
If trading is like this. That means profitable trader's keep it simple concept is loaded with unconsciously understanding the causes of price action... which is alot of variables that your brain crunches in the background
Uhm, probably not at the moment. I would first wait until there's a sign of reversal, such as higher low. But then again, this is a penny stock (or it's cousin). These stocks have their own rhythm and narrative. So anything goes FWIW.
Well, I don't know what your trading style is. But I can tell you that if you trade based on what you hear in the chatroom, you ain't gonna last very long.
You need to, at the very least, know how to read price action. On top of that, you need to come up with strategies or rules. These are formulas that will tell you when you should enter a trade, when you should exit if the trade goes against you, when you should take the profit, etc. Trading is as simple as that.
Lastly, as I've always said, you need to become one with price. That is, you need to become the price yourself.
When you are on the losing side, nothing ever makes sense. When you are on the right side, you can never do wrong. Hindsight is always 20/20. Was the trader on the "right" side really because the chart made sense to him/her? Hindsight is always 20/20.
That's why you practice prudent risk management and not overtrade. And you hedge.
yesterday, investors bought DPW (see up arrow) around mid day
thinking it was the start of an uptrend.
volume traded was relatively high.
a few minutes later, dpw reversed direction.
they would have closed their position at around the hand drawn line.
If you see the bigger picture, DPW is definitely not bullish.
