RichieRick, I have had the same conversation (with myself). I do not think in any of Gary's classes specifics (real specifics) are going to be given. That is where the works comes in. I have no problem with that. I just want to really feel confident that if I pay that kind of money, I walk away with specific tools that will lead me in a direction to immediately start making more money. Iby rookie30 - Trading Discussion
Thanks for the idea. I have put a call into my guy at Scottrade. He is pretty good about working with me, so I anticipate a meeting with him early next week. Just a side note...... Everyone might want to take a look at the Seasonal Outlook on the main page of RTT. The historical data on the NAS, DOW, and S and P are showing a lot of strength over the next month. We all know the big marketby rookie30 - Trading Discussion
I trade from a Gateway Quad Core Processor- 17.3 inch- 750 GB HD- 6 GB of ram- AMD 8330. I bought this system about 3 months ago for about $500 and it has been excellent! I thought I would never love trading from a laptop, but I would not have it any other way. I can throw this thing in a bag, grab my mobile hotspot and head out. When I was in the NFLX trade the other morning, I should have lby rookie30 - Trading Discussion
As promised..... I traded NFLX. I am going to make this short and sweet because it was a good trade, but ended up being a disaster. I bought calls on 11/04 based on the 233 as my trend chart. The 55 was my decision. The 8 was my action. I entered at around 11:20ish. I have been in the trade until today. All was going well, so I had no reason to get out on yesterday. Now the darn, rookieby rookie30 - Trading Discussion
Kars, I could not have said it any better. My thought process is very similar. I want to be financially stable in retirement. I do not need millions of dollars. I just do not-as my dad would say, "want to hit a lick at a snake". It motivates me to see what a person can achieve through trading and having no limits to the size of trades. Again, he is not alone in his success. Therby rookie30 - Trading Discussion
It is correct that alot of trader who mimic Gary's approach trade only a handful of stocks. My friend made literally millions off AAPL when it was jumping leaps and bounds. At one point he traded AAPL about 95% of the time. Yes, it is a little different to hear him talk about GW. It is almost as if he idolizes the guy, but I can think of about 10 million reasons why I would probably idolby rookie30 - Trading Discussion
I really hate to bore some of the seasoned traders with this, but I am running into a few "snags". Well, let me take that back.... I have run into a few rips and tears! I am having some issues with the execution of my trades. The daily volatility has gotten excessive-from what I can see. Unfortunately, I am having candles run for a shorter period before turning. I am also not eby rookie30 - Trading Discussion
ChairmanFaust, AAPL- You are on the right track with your thinking. That "E" has to be on the 10 as well as the 8. No E- no trade on a small chart. NFLX was a good trade today. I am with you on the down market, but it was showing signs of coming up. Also, NFLX is a hot stock that seems to "Do no Wrong". That trade was a clear homerun. The DM was on the 13 and 21.by rookie30 - Trading Discussion
Dash, Be careful what you ask for-lol! Seriously, I think that is a reasonable request. We are all still learning. With me, I am still trying to learn how to trade bigger charts. This zone simply does not present the opportunities for me to trade as much or as profitable. Iby rookie30 - Trading Discussion
Thanks- I will check it out.by rookie30 - Trading Discussion
I shorted FB and picked up almost $1. I was very nervous about this trade, but I went with my indicators, and they typically do not fail. FB has a ton of hot money flowing through, so I am not confident trading FB going down. Every, single indicator I use screamed trade, so my decision was made. I did not like that the broad was pretty flat, but nevertheless, it was red and had come down fromby rookie30 - Trading Discussion
My trading strategy is somewhat similar, but again, I think it is important for everyone to develop a system that works for their trading style and comfort. I also have my laptop broken into 6 screens. My screens are set 3 across the top and 3 across the bottom (underneath the top three). Top left- Level 1 Screener. I have 15 stocks I look at on a daily basis-no others! I really onlyby rookie30 - Trading Discussion
mtut, Thank you very much. I have been dealing with a lot of family issues. My oldest son who is a freshman in college is having surgery today. I opened up the forum this morning because I am sitting in the waiting room and have a couple of hours. I found time to snipe V this morning for over $2, but for the most part, I have been in another world. Again mtut, thank you very much for takiby rookie30 - Trading Discussion
ChairmanFaust, Thanks.... that helps a lot. I am studying these charts because I do not want to live my life in the trading leg. The quick money is good, but in 5 or 6 years, I plan retiring from my 9-5, well, maybe not retire, but work from home. If I am never comfortable trading on bigger charts, I will probably never be successful in W/O. I will continue studying trades such as ISRG.by rookie30 - Trading Discussion
When I traded APPL (almost exclusively), I bought mini"s. That is all I could afford. I had a successful Big Chart Trade, but it is not one I am extremely proud of. I bought FB a couple of weeks ago based on a lot of intuition and small amount of charting techniques. I recently bit the bullet and subscribed to Briefing.com again. I watched the charts and saw FB had blown off some stby rookie30 - Trading Discussion
Hey ChairmanFaust, What kept you in that trade after how indicators responded on the 10th? I follow this trade up until the 10th when everything shows me a reversal, but obviously it was a headfake because it rallied after the 10th. As I continue to study big charts, I am trying to learn as much as I can. The one thing I see is that the MACD did not officially cross on the 233 on the 10th,by rookie30 - Trading Discussion
Richie, What you are describing is what killed me when I started. Unfortunately, I could not "stomach" the turbulence. I did not have the capital to endure to much. Now, I am in a much better position to deal with a bit more of that, but I am now addicted and find excitement in trading small charts. That is what I was forced to do when I was flat broke. Of course, I am not in a poby rookie30 - Trading Discussion
I traded CF on yesterday. I picked up about $3-which was pretty good. I did not like the premiums, but it was still worth popping the trade. I have decided to go back to my 13 chart until some of the uncertainty and emotions settles. It appears we could be going in the right direction, but until this market solidifies a little, I am trading off my 13 again. I was starting to second guess mysby rookie30 - Trading Discussion
I have chosen to sit on the fence today and listen to some of my book, "The Warren Buffet Way- 3rd Edition". This market has flattened out and I will not take a chance with my money in a market that is sitting stagnant. I enjoy listening to books-opposed to reading them. I know it is better for me cognitively to read, but reading make me sleepy, so I only get about 60-70% of whatby rookie30 - Trading Discussion
RichieRick and Chairmanfaust, I totally welcome any educational statements that will make me a better trader. Honestly, I stopped going into trades before 10 because I was trying to stay away from AA. As I look at AMZN right now, I would have been ok- if I would have stayed in. I only opened my charts to take a peek, but I have no interest in going back in the market. Team, please letby rookie30 - Trading Discussion
I entered AMZN this morning at 10:00 based on my indicators telling me- it was a trade. This is not the first time AMZN has turned on me unexpectedly. I will probably take this stock off my watchlist because it is proving that it will not run in consistence with how I trade. I entered at 309.87 at 10:00. The next darn candle after my entry went south. I entered off the 5. I had all my inby rookie30 - Trading Discussion
It is good to know that I am not alone. I was thinking that I missed SOMETHING! Today could be flat, but it would be nice to pop a decent trade to end the week. Good luck today- Take only what it gives you!by rookie30 - Trading Discussion
Yesterday was a very, very rare day for me. The market screamed up, but I did not see one trade. I almost pulled the trigger on FOSL, but my "E" did not show me a spread of my fingers-nor was the ADX where it needed to be. It went up, but I am ok with not placing a trade. My mentor made a bundle, but as I told him, "Good for you dude. The market did not show a trade. Rare, buby rookie30 - Trading Discussion
I like to trade FOSL. This is a stock I have traded since learning how to trade. I know how and when it sets up to move up or down. As stated in an early post, this is a really good seasonal stock to trade. If you take a look at this stock and watch how it performs to the 8MA off the 34. Normally, when you get a solid close above the 8MA, you can ride until it closes below-or you identify YOby rookie30 - Trading Discussion
The areas I have learned that negatively affected me the most were...... 1. Confidence 2. Fear 3.Discipline 5.Emotions -second guessing I did not think I was smart enough, so I had very limited confidence. I talked a big game, but inside, I lacked the confidence it takes to become a good trader. When you convince yourself that the terminology is too advanced, or this work is for the eby rookie30 - Trading Discussion
I traded LNKD as well today. I had to choose between LNKD or AMZN. Both would have been profittable. I am glad I chose LNKD. I had a really big day. My mentor continues to complain a ton about what is going on in Washington. He does not like playing Puts. He does not feel he does well when trading PUTS. He is too stubborn to accept help from me, his pupil, so he sits on the fence and wby rookie30 - Trading Discussion
Exited DECK at 11:20ish at $64.38. Big move for me this morning! Finally, I am starting to get a decent size chunk in the middle. I am going to lunch, along with DECK!by rookie30 - Trading Discussion
I am in DECK. When it dropped below the previous day's low of about 66.38, I entered. All other indicators were clearly present, so it was an easy trade because the momentum was charging in my direction of a Put. I am still in and will stay in until I have a reason to exit. Just following the rules!!!!by rookie30 - Trading Discussion
I am in one of my rare moments- sorry! I have been listening to this book, "The Instant Millionaire". Folks, the person they have narrating this book is crippling me. I have listened to a lot of books, but this guy's voice is aweful! He continuously smacks his lips and sucks his teeth through the entire chapter. He takes these little pauses, and returns with this very low, &quoby rookie30 - Trading Discussion
Kars, You are correct. If a person tries to retire from the trading leg, he/she could lose everything (As Darcy gave an example). My issue right now is FEAR! I am scared to try something different. This is one of the only things that has worked well in my life, but I made so many sacrifices to get here. A couple of years ago,I built a $2500 basket to $7000 in about 3 months, but within the foby rookie30 - Trading Discussion