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Magna last won the day on September 6 2019

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About Magna

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  1. Hi Mark, Not trying to sound like a jerk or anything, but I a disagree with your short on CTRP. Even though the trade works out in your favor, we shouldn't analyze the trade based on a single outcome. CTRP opened very strong, it broke pre-market high (a level at $34.5 if I'm not mistaken), VWAP, PCL and other MAs. On the 5, we can clearly see a bullish flag candle. There had not been any real pull back yet from your entry. CTRP was not very extended from VWAP. In addition, CTRP is on an uptrend on the daily making higher highs and higher lows. It seemed to be ready to go up to test the resistance at $35.68. Usually for stocks that open this strong, we would see a pull back to VWAP then push higher for an ABCD pattern. The said don't short strong stocks as it is very dangerous... Personally, I think that we should wait for CTRP to test VWAP and if it hold VWAP then we should go long for the break of high of the day.
  2. Yeah AMD used to be my best friend... Nowadays, it's my worst enemy
  3. About 4%. I will lower the risk today. Thank you for your words Mike. Let's hope for a good day!
  4. I considered taking the same trade on DOCU at around $56.36 when Andrew called it out in the chat, but something about it made me not wanting to take the trade. Now that I think about it, there were so many MAs in the way on the 1 minutes chart. Especially when there were a 200 SMA in the 1 and 50 SMA in the 5 which can be very strong resistance. Andrew probably realized that this was a quick scalp because I saw him scaling out most of his positions quickly at that $56.80 area. If I remember correctly, the thought of holding towards high of the day wasn't even there for him. Perhaps he had a feeling that the stock is weak? I don't know, just wanted to share my observation on how Andrew took the trade lol.
  5. This strategy looks like the typical ABCD pattern to me.
  6. Yep! I like it a lot. It records all of your screens. So let's say you have 3 monitors open, then it will record all 3 screens.
  7. No major problems so far. Executions are fast. As for the platform, it is good. Very fast when loading charts and so on. However, there was an issue with the screen recorder tool. Well, occasionally, it would crash... No idea why, but you can reload it so it's not a big deal. Commissions is decent for an offshore broker. CMEG commissions are based on # of shares, so you can scale out as many times as you want. This is much better than the flat rate commission structure for scalp traders like me.
  8. Yes, I'm happy with CMEG. I live in the U.S. and don't have 25k so CMEG is probably the best option for me especially with a 6:1 margin.
  9. Glad to see that you were able to manage the losses to the minimum Mark!
  10. Can confirm that clientservices@cmelitegroup.com is much more responsive. The new account email usually take 1-2 days to respond to my email. Sometimes, they ignore my email and I have to call in. However, the above email is very responsive. This morning I emailed them to set up risk control for my account and they responded within 40 minutes! We emailed back and forth and the issue was resolved less than 2 hours.
  11. For the position total loss, let's say I set it at $150. Does it mean that if my unrealized + realized loss on that position is more than $150, then it will automatically close that position?
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