2k account challenge - acct update - $3094 50%+ gain already
- Thread starter FabTrey
- Start date
Dont start on strategy. Learn candles and chart patterns first. That's the first step. Watch every top youtube on these 2 first
If you’ve got a runner left, the usual move is to set a hard stop at your entry and let it run. But human nature kicks in — when that runner starts ripping, it’s hard not to take profits.
In my case, it hit all my targets, so I got out. I had errands to run and couldn’t monitor it live. The gap got filled, so I called it a day. In hindsight, yeah — bonehead move. My runner was still going, but I had to cash out.
This is why you need to study. There are clear levels of support and resistance to all stocks. Once support breaks, the next target is usually the previous area of liquidity. Understand those zones, and you’ll know when to hold and when to exit.
And yall just witnessed Wilt 100pt moment. shyt like this dont happen very often.
But profit is profit. Yall should be happy.
After that - study support and resistance. A great lesson on tsla today.
Liquidity is the key word. There's liquidity resting in these areas. In option, this is the most important concept.
damn this seems like the move
I've learned that, when you close green, you always feel like you left money on the table. I think that's by design.
Bboystyle
Bang Bang Packers gang!
be careful, Friday's can be tricky. Nilly is taking tomorrow off so u might wanna wait until monday to start.
we all get greedy. i left so much on the table, not i have bad taste in my mouth.
Friday is usually a sell off day too. tune in power hour for sure.
This is TSLA daily chart. whenever we see the daily, we are trying to see the big picture. I drew 2 yellow line which is area of support (previous area of resistance). if we lose that 270 key area, then we might see low 200s again.
If 270 area holds then it will slowly creep back up with the rising channel line but probably will take longer time unless there's a major catalyst.
i see there's 15+ areas of smaller/less important trendlines. you will be able to see that if you study charts like me for a living.
so there's alot more going on than just those 2 lines, but those 2 alone gives us a good long term signal.
Bboystyle
Bang Bang Packers gang!
damn so u went all the way back to 2022 to show resistance levels? or are u just extending it that far back to get a better view of a more recent trend?
This is TSLA daily chart. whenever we see the daily, we are trying to see the big picture. I drew 2 yellow line which is area of support (previous area of resistance). if we lose that 270 key area, then we might see low 200s again.
If 270 area holds then it will slowly creep back up with the rising channel line but probably will take longer time unless there's a major catalyst.
i see there's 15+ areas of smaller/less important trendlines. you will be able to see that if you study charts like me for a living.
so there's alot more going on than just those 2 lines, but those 2 alone gives us a good long term signal.
Depreciating Asset
Please pawg responsibly
Damn TRL on some serious shyt I see 
Dorian Breh
Veteran
Sure so that was the as of date but what was the start of the range? Or did you do all that between market open and 10am?
