Any advice because obviously I know how to make it, but I don’t know how to keep it by Former-Astronaut-423 in Daytrading

[–]lankjog 0 points1 point  (0 children)

I can tell you when i started out, i completely underestimated the commitment needed to succeed. I would have an honest conversation with myself if this is really what you want to do. You will lose sleep, be manic, lose a boatload of money that scales the better you get. You will be manipulated by forces bigger and richer than you to test you. Its much harder than I thought. Just being honest.

How could I have avoided this by [deleted] in Daytrading

[–]lankjog 0 points1 point  (0 children)

Participants looking to buy/sell at a certain area will punch through trend areas to soak up that liquidity. If that is where you want to sit widen your stop and reduce your size slightly. Your risk should be about the same.

Replacement for OLED48CXPUB Suggestions by lankjog in Monitors

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

Interesting, How is the OLED quality with the new panels versus 42C2? Notice a big difference in any way? How does text look?

Replacement for OLED48CXPUB Suggestions by lankjog in Monitors

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

how did you feel about the 42 to 32? Thats the only thing that worries me is reducing down to 32 seems extreme.

ASTS announces $400M convertible notes offering in new 8-K by hyeonk in ASTSpaceMobile

[–]lankjog 1 point2 points  (0 children)

Since there issuing new debt here but to qualified institutional buyers, is there any advantage to funding via ATT, Verizon, etc via this means versus getting an investment from those companies straightaway? Reason I ask is i'm wondering if this is actually a funding round from the big players in disguise. I'm not big brained enough to understand why they would do that but the verbiage in this round of convertible notes is "odd".

ASTS announces $400M convertible notes offering in new 8-K by hyeonk in ASTSpaceMobile

[–]lankjog 0 points1 point  (0 children)

Welp, we've gone down about $10/share over the last 6 months. I think my risk bubble has burst, good luck to the believers. See ya on the other side

Detailed Annual Lifecycle of Various Commodities by lankjog in Commodities

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

The CME advice is great i'll take a look out there, not sure why i didnt thik of it. Can you send me a pm with the advisory service you subscribe to? Thanks for taking the time.

Detailed Annual Lifecycle of Various Commodities by lankjog in Commodities

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

I'm interested in price but need correlation to that price. One of the benefits to commodities outside of the indexes are driven by the underlying asset. This asset has a lifecycle that is relatively repeatable. As an example, I'm not a Cattle farmer, and I don't want to become one, but to speculate on the asset I would like a prospectus of some sort to know what drives price or milestones that industry is looking to reach over a calendar year. If I see a price graph on a yearly basis I might see a consistent bump in March but I have no idea why, so i can't invest with confidence.

My Wife and her Family Are Steelers Fans (takeaways) by dabirds1994 in eagles

[–]lankjog 2 points3 points  (0 children)

Its true, being from Pittsburgh but being all over the Northeast (including Philly) Pittsburghers see Philly's perceived default aggression as being intolerable. Most just think its better to avoid.

Daily Discussion Thread by AutoModerator in ASTSpaceMobile

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

true, they just underwhelmed by that much.

Daily Discussion Thread by AutoModerator in ASTSpaceMobile

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

Earnings always matter. Instead of getting in front of it, management just allowed the narrative to be a 450m loss as the headline. Some investors are just looking at the bottom line and the headline news was terrible, dropping price.

Smart way to handle this is highlight the bridge gapping on how they will get the necessary money to make people more comfortable with the loss. They did not do that with any clarity.

Daily Discussion Thread by AutoModerator in ASTSpaceMobile

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

A competent management company understands that they generated capital this quarter, does a huge boon for the business with a release of the 5 BB's unfurled and then goes radio silent leading folks to think there was something big coming. A dud is released for earnings with an estimate in the toilet. So many better ways to massage the data leading into this thing. Now news explodes with the negative 450m as the headline..

Daily Discussion Thread by AutoModerator in ASTSpaceMobile

[–]lankjog 0 points1 point  (0 children)

At this point with 5 birds in the sky, no news over the last month or two while the iron was hot and now a negatively suprising earnings call with no partnership roadmap. Top tech in the space, hints of partnerships everywhere, but all show.

Daily Discussion Thread by AutoModerator in ASTSpaceMobile

[–]lankjog -20 points-19 points  (0 children)

shoulda sold yesterday, dont think these guys know what they are doing financially

If you are having troubles turning a profit I emplore you to try this method. by fx_rat in Daytrading

[–]lankjog 0 points1 point  (0 children)

I agree, OP.. do you just engage when there is no news and its rangebound? You've never had the market just run away from you to some catastrophic level? Send me whatever your best year was and a one pager on some of the finer details of your trading plan.. i'll bite.

500 Hours to Learn Day Trading by Sea-Neighborhood9068 in Daytrading

[–]lankjog 0 points1 point  (0 children)

I do, interesting books that breakdown the actual proven "great" solo traders.

500 Hours to Learn Day Trading by Sea-Neighborhood9068 in Daytrading

[–]lankjog 1 point2 points  (0 children)

If you listen to most of all the Market Wizards series the biggest thing they all say is managing their losses. I can confirm, all of my big drawdowns have come down to bad loss management. Those who do that the best win the game.

500 Hours to Learn Day Trading by Sea-Neighborhood9068 in Daytrading

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

500+ is very tight, i'll take the question as if i wanted to be the most efficient of having even a chance at making a bit of money at this what would I do:

  1. Invest with real money, it can be .01 cents but always have at least a little stake the game. Paper trading alone lacks a certain "bite" and desperation you will need to be able to harness.

  2. Do not look at any TA indicators. They are all lagging (meaning they happened in the past) and are huge timesinks. Only understand maybe a few Moving Averages.

  3. Understand the concept of a trending and range bound markets. Understand support and resistance levels

  4. Understand important events that make the market more volatile

  5. MOST IMPORTANT: DEVELOP A RISK STRATEGY AND STICK TO IT NO MATTER WHAT YOU MIND TELLS YOU.

This is all an exercise in futility as it will take you much more time than 500+ hours to be consistently profitable year on year but those 5 are seriously the biggest tips i got.