Watamelon
1.4K posts

Watamelon
@Watamelon17
Trend following swingtrader Jesus loves you
Katılım Mart 2021
81 Takip Edilen470 Takipçiler

@CFlanders7 i don't get it. Recognizing these's if's and creating new rules around them helps, no? "Plot out your mistakes on charts, study them, and write some additional rules in order to correct your mistakes and the actions that cost you money." - William O'Neil
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@Watamelon17 Mostly good directional calls on the market, but I also shorted/putted COIN, GDDY, MNDY, DOCS among a few others. Those positions drive results.
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The strength in semis has really caught my attention. These are the names that I want to be watching for the next leg up. A lot of them are just entering stage 2 uptrends. Likely need many weeks/months of digestion. The first base formed coming out of a large stage 1 break out is a must buy IMO. IE. NVDA 2024
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"Remember this: When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next venture. You will reap benefits from their mistakes. Speculation is far too exciting. Most people who speculate hound the brokerage offices or receive frequent telephone calls, and after the business day they talk markets with friends at all gatherings. The ticker or translux is always on their minds. They are so engrossed with the minor ups and downs that they miss the big movements. Almost invariably the vast majority have commitments on the wrong side when the broad trend swings under way.
The speculator who insists on trying to profit from daily minor movements will never be in a position to take advantage of the next important change marketwise when it occurs. Such weaknesses can be corrected by keeping and studying records of stock price movements and how they occur, and by taking the time element carefully into account." - Jesse Livermore
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Some people dont like Jesus because it forces you to accept that you live in sin. And those people rather keep living in their sin cuz it gives them dopamine. Some traders dont like looking at their trade history, cuz they rather live in their dopamine fantasy. Humble yourself
Watamelon@Watamelon17
Alot of people like living in their mistakes, it gives them a thrill. They dont want to move on even if they tell themselves that they do. Are you too afraid of looking at your trading history? Or do you track it and open it and learn from it? This is where you improve the most
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Q says he doesn't care about volume.
I don't look at volume, but yeah, generally when a stock goes sideways in a narrow range it usually has less volume too. But I really don't look at volume unless it's an episodic pivot. As long as it satisfies my minimum dollar volume requirement, I don't care.
And if some random... let's look at some consolidation. Like Nvidia, look at it, it had higher volume on these updates here and now the volume is kind of narrowing again because the range is getting tighter, the percentage moves get tighter, so the volume kind of dies off. But if it has one random day with a little bit higher volume, I don't give a f*ck. If the setup is good, I don't give a f*ck. It could be just a block trade or something.
Now this is an extreme example, it's a mega cap. But especially if it's something like a micro or small cap, one block trade can distort the whole volume for that day and it can be just super random. Doesn't mean anything.
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@CFlanders7 my grandma played tennis till she was around 85. She is 91 now and still alive and living alone. She is also a diehard person though haha
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