Workhorse Group (WKHS)

Discussion in 'Stock picks and trading strategies' started by Blaine Tarr, Jun 6, 2019.

  1. Blaine Tarr

    Blaine Tarr forum leader won penny contest 24x won weekly contest 20x

  2. Blaine Tarr

    Blaine Tarr forum leader won penny contest 24x won weekly contest 20x

    WKHS is a great example of what happens when it fails to breakout and the trend dies. Fade, and more quick downticks. A reverse breakout. You can learn from this to either know to stop out if the trend fails or to get short and catch the fade down.

    As long as a stock has range and you can accurately read a resistance level and trend line, you'll be able to trade it no matter which way it goes.

    WKHS trend fail.jpg

    The end goal of trading isn't about the 'picks' or being right or wrong on a specific stock. It's about making money. Never become so biased that you hold, hold, hold, until you can't no more... Know when to bail or to switch to the opposite side. It's okay to be wrong as long as you can admit it and move on rather than having to hold because your ego just can't let it go.

    You will not win every trade. You'll never sell at the exact top nor buy at the exact bottom. But if you can learn to identify trends, you'll make more money than you ever thought possible. Focus on making good trades based on the price action and money will flow.
     
    Last edited: Jun 6, 2019
  3. Blaine Tarr

    Blaine Tarr forum leader won penny contest 24x won weekly contest 20x

    WKHS sneaky... May retest 2.50 today for another breakout chance. At least have an alert set to remind you if it starts to go.
     
  4. Blaine Tarr

    Blaine Tarr forum leader won penny contest 24x won weekly contest 20x

    WKHS here's the setup back in play. So close to breaking out. Risk on 2.25ish if long here in my opinion.

    WKHS 6.10.19.jpg
     
  5. Blaine Tarr

    Blaine Tarr forum leader won penny contest 24x won weekly contest 20x

    WKHS finally going here

    WKHS 6.10.19.2.jpg
     
  6. Blaine Tarr

    Blaine Tarr forum leader won penny contest 24x won weekly contest 20x

    WKHS beauty breakout - this is why I revisit even if it doesn't work the first time.

    WKHS 6.10.19.3.jpg
     
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