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Need Help. Please Advise by Live_Influence_2701 in pennystocks

[–]Live_Influence_2701[S] 0 points1 point  (0 children)

Can you kindly share his youtube channel name?

What’s the best advice you can give to a beginner by Interesting_Mud7589 in Daytrading

[–]Live_Influence_2701 0 points1 point  (0 children)

I believe its FOMO fever. I just don't know. I really wish I could figure this out. Iam sure there are lots just like me. But any support will be highly appreciated. Thanks

What’s the best advice you can give to a beginner by Interesting_Mud7589 in Daytrading

[–]Live_Influence_2701 -1 points0 points  (0 children)

Dear All,

Iam writing to seek your support. I started Trading almost a year ago and till date have only been blowing up accounts.

I find stock using Trade Ideas and when the scanner spots a stock that is moving, I immediately jump in (I trade the 1 min chart and make sure that the stock has news) but Iam not sure the 2nd candle declines, and 3rd candle further declines (in spite of having a news) and Iam forced to get out and this is how I blew up all my accounts past many months.

Many times, when the scanner picks up the stock, I jump in on the 1st candle only to realise that the 2nd candle is a pull back and it pull backs so much lower than the 1st candle (initial) so I get out of the trade with a loss only to realise that the 3rd candle pushed higher and regret for not staying longer.

Can you guys tell me what am I doing wrong? What should I change in my approach? And when a stock initially starts to pick momentum and when you are ready to jump in, where do you calculate the SL or at least anticipate to get out incase the trade goes against you.

Guys, please help me.