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User - Profile - trupik   

User ID:trupik
Joined:7 yrs ago
Blog Score:18734
Fav Blogs:129
Fav Msgs:0
Logged In:Yesterday
When:7 yrs ago
User Interaction:
shorting parabolics/scams
studio city,
Forum Host:
Tru Trading
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Personal Description

Trade what you see, not what you think or feel...  bulls win, bears win, pigs get slaughtered...Pumpers should be slaughtered but they are only half guilty. The other half of the blame is with the trader that fell for the pump.

Fear and greed are your main foes. Overcoming these 2 string emotions is the key to succesful trading.

Trade on your own convictions, not someone elses. The person in some chat room who alerted it will not be there when you need them most. And 98% of the time he/she bought it a day or 2 ago much cheaper, then went and started pumping in his/.her chat room, message boards, etc. When the sheep flock he dumps his cheap shares on their heads at a healthy profit, leaving them holding the bag. Why? Because once he is out of the trade he/she wont be there to hold your hand and let you knwo what to do. you will be left at the mercy of greed and fear.  This is usually done with low float, cheap stocks because it doesnt take much volume to pop it. Likewise, it does not take much volume to drop it. 

Stocks generally move like this--stairway up, elevator down.

Hence why i prefer the short side. Yes, i am capped at 100% gain and theoretically unlimited loss, but that is only a case when a trader hasnt planned the trade prior to entering it. I limit all my shorts to a 10% loss--if it hits, closes automatically.

Risk management--If you cant learn it, dont bother trying to trade. Took me many years and many blown up accounts to overpower my personality traits that made it impossible for me trade profitably and consistently.

Im impulsive by nature and in my regular life, a pretty emotional person. The only area of my life where ive been able to train myself not to be at the mercy of my emotions is in trading. Althouh it took many years and lots of money. That being said, my old self occasionally creeps out and i have to beat it back down with a stick lol

Plan your exit/entry/profit targets/loss BEFORE entering a trade. If you dont then you are at the mercy of emotion and every move of the stock. Plan it and stick to it, hell or high water. Even worse if you enter based on some persons alert, 'boooom', 'vaavaavoom' 'i called it' or any other attention grabbing headers.

By this time the trade is done. Some who do this, do it to feed their ego. Some do it to prove to others but mostly themselves) that they are competent traders. And the nefarious types do it to entice new buyers so they can sell their shares.

Be wary of traders that call out a dozen alerts without any definitve info as to if they entered or not and what price. Usually the post will be, " XYZ somethings up".....   Then 2, 3 days later... "Booommmmm, taking 40% gains"...   Thats great but abt the 11 others you called that did nothing?  And if you entered the trade why not be direct and upfront with your entries?   Example-- " Taking a starting position in XYZ at $6 will add if it is acumulating...stop loss 5.80, 1st target 6.60...2nd target 7..." 

Trade to trade another day. You wont become a millionaire in a day, week or month. Consistency over a long period of time is the tao (way). But without capital this not possible.

Dont take it personally. The market doesnt know you are there, nor does it care. Leave your ego at the door.

Having no position ( being in cash, on the sidelines) is a position too.

Patience is imperative. Wait for your edge/moment/price and strike. Impatience leads to impulsive/emotional trades.

Have rules and stick to them. If you cant do this dont bother trying to trade..It wont work

p.s. Ive been here at the lion since 2009/2010 or so... If interested i know who the pumpers are, who are paper traders out for worthless glory and whose alerts i wouldnt follow if my life depended on it. I mostly lurk because i dont feel im of any service by just yelling out alerts. I trade for myself, not for anyone else and so should any trader.

p.s.s. current folio is the 3rd one..ive reset it 3 times. Holding some dogs from begofre switching to short side. But all in all, have done 10x better on the short side then long...



Message Postings
ForumSymbolMessage Preview / SubjectDate (ET)
Wall Street Pithahhaha Re: Settlement with Dr dragged off United flight... wonder how much?04/28/2017 09:30
Wall Street Pitlol Re: ADTP, 0 Volume?...pretty much zero value too... eom04/20/2017 11:26
Wall Street PitDRYSlike clockwork... amazing they've been allowed to this so many times...Re: $1...04/18/2017 16:02
Wall Street PitRe: Passengers were ready on United Airlines today.04/14/2017 12:56
Wall Street Pitthats right bucy, i remember now... if im not mistaken they used similar type...04/13/2017 14:18
Wall Street Pitinsane, right? such destructive power in a conventional bomb...Re: saw it on ...04/13/2017 14:06
Wall Street Pitdoes the fact that it explodes above round limit that effect? Re: saw it on m...04/13/2017 14:05
Wall Street Pitsaw it on military channel a few years ago... it looks almost like a mini nuk...04/13/2017 13:23
Wall Street Pitlol that was good...Re: Who is this? Re: To ERR is HUman ! basically he quit...04/11/2017 11:26
Wall Street PitCEInice trade Gris Re: .45 Re: .43 Re: .37 big seller left yetserday, crawling u...04/11/2017 10:38
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User Feedbacks
FromFeedbackDate (ET)
msgreenacres (Rep: 450)AVOL Way to get the party started! Nice!08/02/2015 13:12
Nd4spd30 111% (Rep: 220)Nice SPY call. Really on top of the market!01/23/2014 16:35
Nd4spd30 111% (Rep: 220)Nice SPY call. Really on top of the market!01/23/2014 16:35
mamspoker (Rep: 13)Trupik, you rock man! I predict you'll catch up with me (all-time portfolio) end of 2015. You, Magician and Delta are the best here.01/14/2014 09:00
dragon (Rep: 203)GALT, that was gutsy man! Well done.01/09/2014 14:53
... See More ...

Portfolio Transactions
SymbolStatusTypeBuy PriceBuy TimeSell PriceSell TimeTarget PriceTarget Time
MSDIActiveShort1.0104/28/2017 14:35----
IFONActiveShort0.6804/28/2017 09:28----
COOLActiveBuy13.5604/18/2017 15:35----
CETCActiveShort4.6404/07/2017 14:58----
HTGMActiveShort3.9303/23/2017 14:55----
... See More ...

Blog Submissions
Blog TitleSourceDate (ET)
Most Definitely...I Cant Agree More..They Tax The Hell Out Of Gtcc.export.gov12/24/2015 12:42
Dynt--- Low Float...Gets Patent Approval...A Few Minutes OldYahoo! Finance08/12/2015 12:50
Utek--- Being The Loaded The Last Week +... Held Up Well Duringnewswatchinternational.com08/10/2015 14:09
Avol---30.04.... Bohai Leasing Enters Into Exclusivity Agreemetwst.com08/10/2015 14:05
Most Concise And Honest Piece Written On China By A Chinese Auttheepochtimes.com08/10/2015 12:13
... See More ...

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