📊 Trader | High Conviction Setups • Key Levels • Short Zones • Scorecards | Not financial advice
Joined November 2014
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758 Photos and videos
Jun 13
I think a lot of traders can relate to that. Being early is often more expensive than being wrong.
Just keep in mind it's not really a learning Discord or a place where I sell an "edge." I share my key levels, zones, and what I'm seeing in real time.
Most of my trading is simply waiting for price to come into a zone, then letting the price action tell me if there's actually a trade there. Let the setup come to you instead of trying to predict it.
x.com/lyric96820/status/2065…
Jun 13
Ok, i usually am too early and mostly either losing money or making up the loss. I am about to join your discord to learn
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Jun 13
One of my comfort zones is waiting for clean structure; like a retest/rejection setups or clear FBOs on extension. I’m most comfortable when the momentum shift is confirmed, not when I’m guessing early
x.com/lyric96820/status/2065…
Jun 13
Can you define what your comfort zone is?
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Jun 13
Oh man yeah, saw that,that was scary af. That’s a different kind of stress… T12 you can plan around, but a 40 min halt on a runner like that just cooks your nervous system 😬
x.com/AlchemyTrader/status/2…
Jun 13
You know whats worse than a T12? Getting caught short on $CPOP with .77 avg & having it halt for 40 minutes while indicating 90 14 10...
Having your blood run cold realizing a crappy china scam is about to end your financial life. I'll take a T12 any day over that. Cov top ðŸ˜
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Jun 13
Yeah, that’s the part people miss imo. It can work a couple times and make you think you’ve got it figured out, but like you said, over time it just eats back more than it gives.
x.com/RanReddd/status/206581…
Very true, staying away from that frenzy move also requires discipline. You may may win one or two times but eventually lose more than that
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Jun 13
Doesn't mean I'll never get caught in a T12. No trader is immune to that. I just have rules that keep me out of certain situations. One of them is that I rarely short low float stocks above $8, especially low float Chyna names. Could that make me miss some opportunities? Absolutely.I'm okay with that.
x.com/BacksideTrader/status/…
Jun 13
Just an observation about low-float runners and T12 halts:
A lot of the recent low-float names that ended up receiving Nasdaq T12 halts had already gone into full parabolic mode before the halt occurred.
$INHD
is a good recent example. The stock surged more than 3,000% at one point before Nasdaq halted trading and requested additional information from the company.
Not saying a big move causes a T12. But once these names become the center of attention, price action often starts being driven more by momentum, speculation, and crowd psychology than fundamentals.
That's one reason I stop paying attention to them once they move too far beyond my comfort zone.
Could they keep going? Absolutely.
But at some point the risk/reward changes. You're no longer trading the setup, you're trading the frenzy.
I'd rather spend my time looking for the next clean setup than chasing the last leg of a move that's already up hundreds or thousands of percent. And yeah, on the short side, that's where things can get especially dangerous. These names can always push much higher than anyone expects.
Risk management isn't always about where you place your stop.
Sometimes it's deciding a stock is no longer worth your attention.
Curious how everyone else handles these types of runners. #LowFloat #T12 #DayTrading #Trading
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Jun 13
Just an observation about low-float runners and T12 halts:
A lot of the recent low-float names that ended up receiving Nasdaq T12 halts had already gone into full parabolic mode before the halt occurred.
$INHD
is a good recent example. The stock surged more than 3,000% at one point before Nasdaq halted trading and requested additional information from the company.
Not saying a big move causes a T12. But once these names become the center of attention, price action often starts being driven more by momentum, speculation, and crowd psychology than fundamentals.
That's one reason I stop paying attention to them once they move too far beyond my comfort zone.
Could they keep going? Absolutely.
But at some point the risk/reward changes. You're no longer trading the setup, you're trading the frenzy.
I'd rather spend my time looking for the next clean setup than chasing the last leg of a move that's already up hundreds or thousands of percent. And yeah, on the short side, that's where things can get especially dangerous. These names can always push much higher than anyone expects.
Risk management isn't always about where you place your stop.
Sometimes it's deciding a stock is no longer worth your attention.
Curious how everyone else handles these types of runners. #LowFloat #T12 #DayTrading #Trading
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Jun 11
$EDHL early short try to call the top. EDHL still holding the 15-min candle support and hasn't given a clear sign of weakness. Could it fade later? Absolutely. But better wait for the crack imo than try to predict it.
x.com/BacksideTrader/status/…
Jun 11
$EDHL mentioned in Discord this morning that EDHL had room for 14-16. The stock ended up exceeding my expectations. Just a good reminder that low float momentum can carry a lot further than it seems
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Jun 11
$EDHL mentioned in Discord this morning that EDHL had room for 14-16. The stock ended up exceeding my expectations. Just a good reminder that low float momentum can carry a lot further than it seems
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Jun 10
$DSY Reclaimed VWAP and never looked back. Held above, base and built a range like I said in chat, that’s all I needed. No rejection, just absorption. Chyna names still hot AND that’s the fuel.
x.com/BacksideTrader/status/…
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Agreed. There have been opportunities, but conditions aren't static. I'm just trying to stay objective and trade the market that's in front of me, the opportunities are still there, they just look a little different right now.
x.com/aaarturito76/status/20…
I like Your approach all shorts are whining like they did not bank most of the time.
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$INHD short. Took the first short and locked in a small gain.Re-entered but covered breakeven. At that point, the stock had already put in a higher low while the 15-minute trend was still holding support .As I've mentioned in my chat, I rarely short stocks above $8,so i let it go
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$INHD a T12 on INHD isn't exactly the headline Chinese stocks needed. Could put a dent in the momentum and make long traders a bit more cautious tomorrow. Longs who chased the move are probably in for a rough open.
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