Full Time Trader
DayTrading Ideas & education posted real time
Tweets are NOT
reccomendations to buy or sell ⚠️
Oct 22, 2020 • 4 tweets • 3 min read
Bought $HYLN here, speculative trade
No setup here, straight bottom fishing, I'm prepared to stop out no questions asked $22.67 break even stop
$HYLN Sweeeet! Looking to sell any pop over $25 may or may not happen, considering the range i'll give it eoom
It's natural to focus on "how much money you're going to make"
Which trade is going to make you that gain $$$
The money money money 💰💰
But your gains are burried in your losses
Let's approach this from the losing side
(THREAD) 👇
2. Our brain is naturally not wired for Stock Trading, so it takes time to rewire
Ever held to a losing trade and just couldn't let go till got worse?
Ever sell a stock too soon for fear that it may come back?
Ever turn a winning trade in to a losing trade?
These are FEARS
Oct 21, 2020 • 4 tweets • 2 min read
Filled some $CGC In to the 13-20 Buy Zone
Keeping a tight leash on it ✅
$CGC hard stop set $19.50 @ break even
Not a lot of follow through on setups today it seems, very choppy
It either goes or it doesn't
I ♥️ Break Even Stops 🙂
Oct 20, 2020 • 4 tweets • 2 min read
RSI is not a buy and sell indicator ❌
-Relative Strength Index
keyword = Strength
A stock can remain Overbought or Oversold indefinitely
You don't need RSI to tell you OB/OS
When the distance between Price, 20sma & 200sma become equal, you're getting close to OB/OS
Buying or selling on the mere fact that RSI is overbought or oversold will eventually get you a Net Loss, the probabilities will eventually catch up.
Price, Volume and key Moving averages will do the job