Day traders' hoorah-for-the-weekend after-market lounge Sep 3 - 5, page-18

  1. 4,282 Posts.
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    Hey @buddi

    Not at all, feel free to ask away & I’ll do my best to answer when I’m free.
    I also had a similar thought yesterday after close but I decided to play it safe today & I sold my overnight parcel at 9cents soon after open more of a calculated guess. EUR has been a great trader past couple of weeks & has risen around 30% in the past 14days. The recent cap raise might have something to do with it not flying to 10cents to quickly as it’s clear some are taking profit but in saying that there seams to be a big whale accumulating plenty.
    Next week I’m very confident 10cents will come as long as there’s no major corrections in global markets, pending news could drop any day & compared to peers it seems undervalued. Today’s close was very strong for a Friday & i’m expecting 10cents will come Monday or Tuesday & then I’d love to see positive news drop soon after & send this into the teens.
    EUR has brought my confidence back in my day trading as I hit a bit of a rough patch a few weeks back & couldn’t pick a winner to save myself but I’ve also gone back to basics taking profit early & trading a lot less which is both working wonders recently with 10 income days out of the past 11 trading days.
    sometimes I still have to remind myself that $250-$500 profit doesn’t seem much on the day but if you can do it consistently it adds up to some nice $$$ each week, this way of thinking is what first transformed my day trading around 13months ago as before that I’d never put together 2 consecutive profitable months.

    Good to have you around & hopefully you don’t take this the wrong way but I’ve noticed a couple of you post’s in the aftermarket threads the past couple of weeks your being a bit hard on yourself regarding some of your trades, for someone who is still in the early days of learning to day trade & who would normally trade longer term holds you are doing a great job.
    I find it’s important to hold yourself accountable on mistakes made trading but also not to beat yourself up to much as it will likely affect your trading mentality in future trades & potentially mean you’ll second guess yourself regularly.
    I was meant to post this a couple of weeks back when I saw one of your posts but unfortunately I’ve been a bit time poor or the weekends because of house stuff anyways keep up the good work & don’t be a stranger on the thread.

    Have a great weekend
    Last edited by Elite_Trader: 03/09/21
 
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