A Stock Trading News Trap?

This is a discussion on A Stock Trading News Trap? within the General Trading Chat forums, part of the Reception category; I bought into OHRP in Nov 2017. It looked like I bagged a "Golden Goose" Odd how looks can deceive ...

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Old Feb 2, 2018, 3:51pm   #1
 
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A Stock Trading News Trap?

I bought into OHRP in Nov 2017. It looked like I bagged a "Golden Goose"

Odd how looks can deceive a trader.

On 1/5/2018 the goose that laid the golden egg pooped on my head.

The bottom dropped out because of negative news.

I don't know how to get around that sort of a problem. The only thing that really saved my sanity is that
I limit my trades to $250 USD.

I marked up a chart for this stock. (Attached)
Attached Thumbnails
ohp1.jpg  
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Old Feb 2, 2018, 3:55pm   #2
 
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Quote:
Originally Posted by Penny Picks View Post
I bought into OHRP in Nov 2017. It looked like I bagged a "Golden Goose"

Odd how looks can deceive a trader.

On 1/5/2018 the goose that laid the golden egg pooped on my head.

The bottom dropped out because of negative news.

I don't know how to get around that sort of a problem. The only thing that really saved my sanity is that
I limit my trades to $250 USD.

I marked up a chart for this stock. (Attached)
What is your strategy to get out of a trade (besides getting stopped), maybe back test ideas like selling half every time it doubles and see what works best for your type of trading...
__________________
"If you don't find a way to make money while you sleep, you will work until you die." Warren Buffett, CEO of Berkshire Hathaway.

My number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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Old Feb 2, 2018, 6:05pm   #3
 
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Originally Posted by Quantt View Post
What is your strategy to get out of a trade (besides getting stopped), maybe back test ideas like selling half every time it doubles and see what works best for your type of trading...
There was no 'STOPPED OUT on this trade. It went from 'Super Trade" to "What Happened"?

I was waiting for a Close Trade Triangle
but one didn't show. That's not counting the one on the 5th.

This isn't the end of my trading world. I closed it out with a loss of a couple hundred bucks.

I only bet $250 USD, or so, on a trade; in the "Penny Stock" market. Most of the time I double it and
every once in awhile Big Winner. $245 >> $3200 USD.

Do I win every time? Of Course I do.

I do subscribe to Market Club. They have a trading Triangle system that I find pretty good.
YouTube has a lot of videos on it

I am not affiliated with Market Club. I'm just a member.
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Old Feb 2, 2018, 6:19pm   #4
 
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Quote:
Originally Posted by Penny Picks View Post
There was no 'STOPPED OUT on this trade. It went from 'Super Trade" to "What Happened"?

I was waiting for a Close Trade Triangle
but one didn't show. That's not counting the one on the 5th.

This isn't the end of my trading world. I closed it out with a loss of a couple hundred bucks.

I only bet $250 USD, or so, on a trade; in the "Penny Stock" market. Most of the time I double it and
every once in awhile Big Winner. $245 >> $3200 USD.

Do I win every time? Of Course I do.

I do subscribe to Market Club. They have a trading Triangle system that I find pretty good.
YouTube has a lot of videos on it

I am not affiliated with Market Club. I'm just a member.
No offence, but this is the stupidest system I ever heard of: you buy something, it goes up 4 times and you not only didnít sell something to at least brake even, but lose money in the end...
__________________
"If you don't find a way to make money while you sleep, you will work until you die." Warren Buffett, CEO of Berkshire Hathaway.

My number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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Old Feb 2, 2018, 8:37pm   #5
 
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No offence, but this is the stupidest system I ever heard of: you buy something, it goes up 4 times and you not only didnít sell something to at least brake even, but lose money in the end...
You know the saying. What's STUPID to one is WISDOM to another.

I've been in this game a very long time; 1987 actually. I've seen a lot of
"Systems" come and go. There is a few things in my "SYSTEM" that aren't shown. So I'm out a couple hundred bucks; not the end of anything.

But; and that's a big BUTT, not everything is foolproof.
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Old Feb 2, 2018, 8:58pm   #6
 
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You know the saying. What's STUPID to one is WISDOM to another.

I've been in this game a very long time; 1987 actually. I've seen a lot of
"Systems" come and go. There is a few things in my "SYSTEM" that aren't shown. So I'm out a couple hundred bucks; not the end of anything.

But; and that's a big BUTT, not everything is foolproof.
Yeh, whatever, there is not an ounce of evidence this club is making money from trading...
__________________
"If you don't find a way to make money while you sleep, you will work until you die." Warren Buffett, CEO of Berkshire Hathaway.

My number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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Old Feb 2, 2018, 10:44pm   #7
 
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Yeh, whatever, there is not an ounce of evidence this club is making money from trading...
"This Club" is a subscription service. A member does their own trading.

They are no different than any other "Stock Screening" service.
I put in a set of parameters and MC does a "Search/Screen" for what I input using their set of THEIR PARAMETERS.

If a member follows their results then there's a pretty good chance of making a couple of bucks.

Do a review and check out a few videos. It's not a rip-off; it's just something you know absolutely nothing about.

There's a lot of that in the trading world.
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Old Feb 2, 2018, 10:51pm   #8
 
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Quote:
Originally Posted by Penny Picks View Post
"This Club" is a subscription service. A member does their own trading.

They are no different than any other "Stock Screening" service.
I put in a set of parameters and MC does a "Search/Screen" for what I input using their set of THEIR PARAMETERS.

If a member follows their results then there's a pretty good chance of making a couple of bucks.

Do a review and check out a few videos. It's not a rip-off; it's just something you know absolutely nothing about.

There's a lot of that in the trading world.
No thanks
__________________
"If you don't find a way to make money while you sleep, you will work until you die." Warren Buffett, CEO of Berkshire Hathaway.

My number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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