jaime72976

Hello Atiqe you also inspire me which such trade winning percentage. I have a question for you I noticed you used Robinhood in the beginning of your trading career and your trades are verified by Robinhood, did you have the gold account is that why it let you upload your trades, cause I used Robinhood but I am not able to upload my trades into profitly and I am curious how you did it. Any advice from you I will greatly appreciated thanks.

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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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chaitsb

@timothysykes I'm a new student on this profit.ly and listened to one of your videos regarding brokers & y not to Robinhood happened. yesterday $HMNY public offering screwed my positions and I could sell off AH to cut my losses early. eventually ended with $263 loss. paying commission on Schwab is much better than this nightmare. Thanks for the chat room tips. I

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FJohnson
FJohnson Feb 16, 18 1:53 AM

what is the bestthe best penny stock broker I can use if you are in Australia please.

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DetectivePopcorn

@Deb4 You can't do OTC stocks on Robinhood.

Deb4
Deb4 Feb 07, 18 6:22 AM

yes i just found out im closing it. ineed that money for my learning with Tim andfrom you guys Thank You

DetectivePopcorn
DetectivePopcorn Feb 07, 18 11:35 AM

@Deb4 It's not bad if you're swing trading or holding overnight (get robinhood gold if you do), but it's hard to day trade on.

Deb4
Deb4 Feb 07, 18 1:38 PM

yeah i found out and right now im going to listen to Tim not open an account i am to new and i need to learn a lot right now

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mattgerken

Since having E-Trade Pro, I have been profitable. I felt at a huge disadvantage having to type every single detail for every buy and sell order. It was time consuming! By the time I typed in my order the stock would be in a whole new position. With E-trade Pro I'm able to be a sniper. In and out. My losses have decreased since I can exit within seconds. Still holding on to my Robinhood account but I'm not sure for how much longer. Love how simple and easy it is to use with free commissions. The charts suck but I just watch from my computer. It allows me 6 day trades per 5 trading days. Still practicing not using them all.

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Antonio7

@xnan91 Hey how are you! I have a question. When you first register for Robinhood when it asked you about "Number 1 amount and Number 2 amount, how did you type it? Cause they charged me $1.57 and $1.33 on my bank account and I typed 57 and 33 in cents and it said that there was an error I just want to ask you to see how you wrote it

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Nighthawk6058

My last two losing trades were a result of using Robinhood for overnight positions. The extended hours allowed by Robinhood are significantly tighter than E*TRADE. Being out of day trades, I held two separate overnight positions that appeared to have a possible spike in the market open. Gains were achieved at market close and after hours, although during Premarket on both of these, I was forced to watch my Profits deplete and take a slight loss before being able to sell early enough. Most of my trades will be on E*TRADE from here on out including ALL overnight positions that I take. Robinhood will only remain open for additional Day Trades until both accounts are >$25k combined. At which point they will be combined in E*TRADE and Robinhood will be closed. Paper Profits of $1400 were not obtained due to this. But we learn and we fix the flaw. Tomorrow is a new day, a new trade.

Roryg777
Roryg777 Jul 20, 17 2:03 PM

Robin hood was down for 2hrs today. Couldn't trade but or sell could not even cancel a fricken sell order. What a nightmare U need to wake up lol

Roryg777
Roryg777 Jul 20, 17 2:04 PM

I need to wake up.

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sdralyuk

I just started trading recently with Robinhood and I was wondering which broker did you open up with for a small account?

Nighthawk6058
1
Nighthawk6058 Jul 09, 17 8:01 PM

Logic? Robinhood has terrible execution speeds, or it doesn't execute the order at all even when your price target is hit. When it doesn’t execute and you decide to do it yourself, you have to cancel the original order in which it often gives you errors that it can’t do it and to check back later. Even when you spend the ten dollars a month for the gold feature, the extended hours they are giving to you are still not a wide as ALL E*TRADE accounts give you included. you cannot short sell, you ar

RolandWolf
RolandWolf Jul 10, 17 2:04 AM

@wbryant If it weren't for your totally awesome profile picture, your comment may have irked me a little bit! lol

Roryg777
Roryg777 Jul 20, 17 2:07 PM

Firsttrade only 4.95 a trade no min deposit required.

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Masterplur47
Masterplur47 Jul 04, 17 6:56 PM

How do you find stocks on Robbinhood? Let's say scanners? I have opened an account with that broker too but I have not a clue how to use this tool. Your help will be definitely be appreciated!

Masterplur47
Masterplur47 Jul 04, 17 7:00 PM

And yes thanks to Tim I cut my losses quickly. I started with $375 made 6 trades and I came out with $372.99 and took my money out before I do anything stupid.

Masterplur47
Masterplur47 Jul 04, 17 7:01 PM

It's mainly on the timing and set ups.

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LizLele
LizLele Apr 21, 17 8:32 AM

I bought big non movers too- had 4 shares of apple lol

LizLele
LizLele Apr 21, 17 8:33 AM

Yea dont lets those youtube people get in your head , that's why I had to yell at one lol

LizLele
LizLele Apr 21, 17 8:35 AM

Uhhhh gotta wake up! Grumble grumble grumble

Fox_Trader
Fox_Trader Apr 21, 17 8:51 AM

yeah I know but it happened. I am kinda tired think I'll try to get a couple of hours in

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Fox_Trader

Robinhood Account up overall since last update. Almost reached 4k. Will be there soon. Have realized you have to wait for ideal setups. My job being a trader is patience , proper risk management, studying reading watching for good runners. Goal for next quarter open a new account for shorting.

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JessicaKelly

My opinion on the best penny stock brokers - Etrade and Interactive Brokers have high account minimums and don’t accept people from certain countries so it's best to for people with smaller accounts to use Questrade, Schwab, SpeedTrader, Scottrade and Fidelity. I would highly recommend avoiding brokerages like Robinhood and Suretrader. Suretrader are based off-shore, allowing you to bypass the Pattern Day Trader rule but have recieved a lot of negative reviews from previous customers. Robinhood are free but you're at a serious disadvantage to your competition, it's like showing up to a gun fight with a knife. https://www.youtube.com/watch?v=tnqadcBE57I

sergusia
sergusia Sep 15, 17 12:00 PM

which broker do you recommend in UK ?

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