ckell777

Brand New to profitly and trading! My husband does it so its going to turn into competition I'm sure lol. We are not going off who can make most money, just who can be better! I have Robinhood because im only dabbling with a whole $10 dollars or so. Would like to beat my husband off percentage and # of wins vs. losses!

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Eazybreezytrades

I wanted to take a minute to share a lesson I learned after my transition from Robinhood to TD Ameritrade! I need my total commission, (assuming i have one entry and one exit on every position, this totals $13.90) to be 1-2% of every position I take. Here is why, if my total commission is anything more then 2% of my total position my personal RMS tells me I have to have my mental stop loss at my initial entry price and i would be down 2% on overall position. Here is the my spreadsheet between my March trades after making the transition to TD,(side note... who is a great broker). As you will notice via my spreadsheet screenshot even in instances i was profiting 5-10% on my trades i was still ultimately losing money on my positions. My theory to stop from losing money and to consistently make money is this, my position must be $700 position, my mental stop loss will be at 1% of my intial entry. My total loss on anything if i do exit at 1% will be a overall 3% loss since my trading commision is 2% of my total position. I will be testing this theory over the next two weeks with papert trading before risking my real money on this theory. I will be focusing on these main points while paper trading. Cut my average loss to 3%, focusing on stocks between $1.50-5 as that is the niche i like, and mainly using Moving average exponential 5 day and 20 day with closing periods as my indicators. I will post my results after here on my page!

dmead21
dmead21 May 06, 8:05 PM

Get rid of TD Ameritrade and go to Interactive Brokers. Instead of paying $13.90 youre paying $2-$4 for an in AND out.

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timothysykes

Just spent 2 hours responding to hundreds of DMs/emails, please retweet this https://tim.ly/2Jvz0bB the amount of horror stories I'm hearing about Robinhood is INSANER...they scheme their way to saving poor people a little $ then cost them hundreds of thousands in bad executions and missed opportunity because they don't even show 1/2 the hottest stocks moving every day lol aye aye aye aye, please, please, please use http://stockstotrade.com

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DThaSavage

I started trading with RobinHood starting back in November 2017 with no knowledge or any experience at ALL!!!!, In anticipation of the weed stock boom to come in 2018. Just wanted to basically get rich quick. I realized a lot of them were OTC stocks and pennystocks (most not on RobinHood). Heard about Timothy Sykes and decided to join his pennystocking silver plan. I barely studied, and never followed the rules. I tired just buying the stocks on his watchlists, then just buying some of the stocks that other traders talked about, and also chasing stocks. For some reason I tried options trading, probably because it was something new on Robinhood at the time. And I did great on my first options trade, but after that I got to greedy (plus, i didn't understand what the hell I was doing) and lost huge. Slowly but surely I started studying but not enough. Every stock I used to choose to go up always came down!! so I learned about short selling. RobinHood doesn’t have short selling but they had options trading for puts and calls. I was good at options, but I could never exit in time for profits. I was everywhere with my trading last year. I literally lost $2900. May sound small to some people but that was HUGE!!! for me. SO I stopped trading completely for a while, and just started saving my money. Heard about the Millionaire Master Program and spent all my saved money on it. I watched Spikeability so much but I just could never get in to a trade at the right time. Every time Id get in, it would go down. Now I believe I have found my niche. SHORT SELLING. I’ve been studying my ass off. For the Record I still LOVE ROBINHOOD!!!!!! I’ve learned a lot with them, and I am Humbled to have learned with real money to trade commission free!!.. I was hoping Short selling and level 2 along with UP TO DATE news was in the future ( and it probably is) but its taking to long for me. I signed up for an account with TD Ameritrade. Never traded because I was scared, Still stuck with robinhood, Studied Hard. Worked Hard. Found out I needed a minimum 2000 for a margin account to short sell. I took Money out of my 401K ( I don’t advise this) and Put 2200 into my account. So that is my story. I call myself DTheSavage because no one is as much of a savage as I am to be a successful Pennystock trader out here in OAKLAND, CA. I have nothing to lose, so I have to master this. Small account, lost 2900 last year, took money out my 401k, spent my savings on millionaire masters program.. I've sacrificed a lot so 2019 and beyond will be my years. (PIC: my RobinHood account money chart but its coming back up tho)

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Econc017

@Econc017 just became a fully transparent trader today! I'm using Robinhood temporarily as I learn the market, only using stop limit buys and sells. Will be using a 'real' broker once I'm more comfortable and consistent with my strategies.

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lundl1

I trade using Robinhood, but many stocks are not supported on this site. What would you suggest? Or am I doing something wrong?

mashaney
mashaney Oct 15, 18 2:05 PM

I got Interactive Brokers to accept a 3,500 beginning account. They have been very helpful. So for the money IB can not be beat, IMHO

lundl1
lundl1 Oct 15, 18 2:40 PM

Thank you, do they charge for every trade (buy or sell?)(

lundl1
lundl1 Oct 15, 18 2:44 PM

I will do some research as I want more choices in my trades.

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