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06-21-2021, 10:02 AM | #10216 |
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Who’s ****ing with AMC today!?!?!
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06-21-2021, 10:28 AM | #10217 |
MVP
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06-21-2021, 10:29 AM | #10218 |
New and Improved
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CTXR has taken off again.
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“As a nation, we can endure damaging policies for a four-year term. But we cannot survive a president willing to terminate our Constitution”
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06-21-2021, 02:09 PM | #10219 |
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06-21-2021, 02:14 PM | #10220 |
Stroking to the SB Champs!
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06-21-2021, 02:21 PM | #10221 |
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Stock did not confirm upward trend so nothing was initiated today. We had price target of 58.20 and it only got to 58.16 and then sold off. This is how to trade on momentum. We keep it on our watchlist.
If you initiated a trade on this today, you’d just be guessing. Hope this helps show how/when to initiates trades for improved success. I don’t mind taking some requests if anyone has a question on a chart. I could at least show you what I look for and others like Pete can also share input. There’s some knowledgeable guys here and it’s all very interesting to see technique. |
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06-21-2021, 07:24 PM | #10222 |
Fish are scared of me
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Look at this ASSHOLE!
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06-22-2021, 07:19 AM | #10223 |
I’m a Mahomo!
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Hedgies spent $500M on shorts yesterday (9.47M shares x average price $55 [very liberal estimate]= $520M) to drop it a couple %
The apes are absolutely winning
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06-22-2021, 09:33 AM | #10224 |
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WWE made a move today. I got in 58.20.
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06-22-2021, 02:33 PM | #10225 |
It was not a fair catch
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I would also this thread on the computer if someone would unban me
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#investigatecarlcheffers |
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06-22-2021, 03:22 PM | #10226 |
Prestige Worldwide
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LCLP was guuud today.
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06-22-2021, 03:24 PM | #10227 |
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AAPL moved nicely today. Always nice to swing trade the blue chip companies. A lot less risk, when the entry is good, than growth stocks.
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06-22-2021, 06:19 PM | #10228 |
In Search of a Life
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06-22-2021, 09:10 PM | #10229 | |
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Quote:
The initial stop I set is a hard stop set at a certain price determined by the stocks recent low's before a possible trade initiation. In this case the buy price was 58.20 and the initial stop was set at 56.60 for 2.7% risk. This stop is raised if the stock continues to go up but is then determined by it's new movement, and many times set at intraday low's, so the percentage only matters for initiating the trade. It has no meaning after the stock moves up as the goal is to maintain capital and decrease downside risk. Today the intraday low was 56.98. Instead of targeting the exact intraday low I take that price and multiply it by .999 to set my new stop loss right below the intraday low. So this would be 56.98 x .999 = 56.92. I am now at 2.2% risk compared to my purchase price. If you can build in capital risk management strategies by using defined rules, with a win/loss ratio of 2:1 (8% winners, 4% losers on average), this system still provides profit even if you're only 50% accurate in your trades. It's called "built in failure." This also only works if you track every trade so you know how successful you are doing in your trading. Most investors subconsciously lie to themselves about how successful they are at "winning" trades. When the market was whip-sawing in March-April, many of my trades were 3-4% winners, while I was able to tighten up my stop losses to 1.6-2%. I was still able to maintain a 2:1 ratio of winners to losers and made profit even though my trading winning percentage was only 47% those months. |
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06-22-2021, 09:44 PM | #10230 | |
In Search of a Life
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Quote:
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