Thinkorswim would be your best bet
you can try TOS as it´s free, if it doesnt fit your need you can change later :)
thank you guys!
Join now or log in to leave a comment
Tim made his first million on buying breakouts
with long term you mean 1 day, 2 days, 3 months, 1 year?
on avg, 1 week..sometimes 2 or 3 weeks
@communist_owl Pennystocks have limited volatility , watch out for that , so swing trading them is a whole lot different concept.
Join now or log in to leave a comment
Understandable. Simply trying to diffuse the negativity with a bit of humor. Nothing is full proof. Theres a lesson in this post as well, having to do with emotion conttrol haha. Jokes aside, lets finish this ManicMonday on a positive note! $Happy Hunting$ @timothysykes
Tim, the issue has been resolved. Michael worked on it and sent me a link I can get into with https:// in front of it. I cannot get in through the dashboard as I always had been because it was not in the dashboard link anymore.
Also, I do appreciate how hard you and your team works, I really do. It got very frustrating at 9:00am when I could not get in and was looking for ideas today.
@banyan great to hear!
Join now or log in to leave a comment
Sorry, i didn't mean to give off the idea that i love that i lost that money. I would love to have that money back -- for sure. What i love is that i learned from it. I love that it won't happen again. 1300 was a lot of money, of course. At least to me it was. It is my dream one day, i can make that in a single day. @dsmcoder , thanks for the kind words
@Legendario , I'll make it big one day, and then you can reference me as someone who went broke and came back ;)
@Legendario @awrfisher You guys should read any of the Market Wizards by Jack Schlager, plenty of master traders blow up once or twice before hitting their stride.
My mistake, it's Jack Schwager here is the 2nd book <a href="https://www.amazon.com/gp/product/0887306675/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0887306675&linkCode={{linkCode}}&tag=brassmaggie-20&linkId={{link_id}}">The New Market Wizards: Conversations with America's Top Traders</a><img src="//ir-na.amazon-adsystem.com/e/ir?t=brassmaggie-20&l=am2&o=1&a=0887306675" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" />
Join now or log in to leave a comment
I started trading after a few hours of lessons here in Mexico (mostly about big companies and not penny stocks) needless to say, I lost half of my account pretending I was trading... learned the bad way but what a knowledge! now I moved to paper trading but I have a lot of experience since I graduated from a lot of classes of stock market (given from real traders) and know I´m doing way better. I follow the rules, I get the technicals and I get out quickly. I would say that penny stocks are not
for everbody, I found my own strategy buying options, and got almost same profits as pennystocks, for me options are more predictable. anyways nice to read your comments! stay green and study hard man, cheers!
I think that everybody needs to do whatever they can to prepare. Taking clases, reading books, watching Tim's DVDs. What I'm sure is that you have to put on the time, to make you suceed.
Join now or log in to leave a comment
His trades are all verified and posted here on profit.ly he also shows his tax records and has audits done once in awhile so I believe his trades are true. This is why studying is so important to learn how to find the best trades.
well!! Although TIm always says that not to follow his alerts you shouldnt forget the fact that there are alot of people who would go agaiinst his advice and follow it!! And at the back of the head tim knows this!! But he also is smart and understand level 2 action and gets out when the stock isnt going his way !! But yes thats how most of his trades he either breaks even or has a small profit!! But also i have analyzed his trades !!! And his entries and exit points are absolutely phenomenal mos
I think it comes down to around 20 years worth of experience
Join now or log in to leave a comment
Dayum daniel
WOW!
i made about 5k on it ..
Were r your trades now man was hoping to learn a lot from u ...?
Join now or log in to leave a comment
this stock is insane!
NICE!
@timothysykes Thanks, I was a sceptic, but I will take my profit and invest in my education and suscribe to the Chat room
@Dabossman cool!
Join now or log in to leave a comment
I think it has big potential man, I wanted to get in but I have a small account and I´m on another stocks :s I think it definitely will be profitable
yeah man i'm excited. closed strong but i should've mentioned i'm only on a paper account. best of luck to ya though :0
:)*
be looking for a bull flag play as well as a breakout play.
Join now or log in to leave a comment
for longer term investing??
Impressive wall of sellers at 3.8 on AMD 52 week high... if it can breakout this level it would be very interesting
3.92 now :)
Join now or log in to leave a comment
What do you use to paper trade btw?
Yep, I'm definitely in one right now. I'm using think or swim right now.
So sorry to hear that. Remember that the majority of future millionaires often blow up while learning, so all is not lost. This is normal. Get back on track by trading smaller size, trading less, and waiting for the absolute best setups. Trade well and profits will follow. Cheers!
Join now or log in to leave a comment
Hi there! how can I know How many shares are being shorted? or the float... I know some webpages, but I mean if theres a faster way to analyze this. Thanks in advance and good work!
I always go to yahoo.finance -> key statistics -> and on the right side you will see: average daily volume, shares outstanding, float, shoart float and other things. Your are welcome :)
Join now or log in to leave a comment
I hate when this happens :S
I know right. Nailed the pick just to have it do a delayed spike like it did with the rare midday run..
Join now or log in to leave a comment
@elliottmagic [In my humble and novice opinion] ...It's a theory I am working on. I've paper traded it for a few months now and it allways works.(a rare statement). I have not tried this at large volume because I am not risking much money until I have a metric and then test the bounds of that metric. I don't trade the commodity I trade companies with a heavy core in 1 commodity. Oil is my FAVORITE example. It is like clockwork. I can even tell you how much I am going to make before I even buy. S
@elliottmagic So I will explain this strat but I won't tell you what companies I do it in because it will be better for you to create your own knowledge base. I don't know the volume metric and it's effect yet. (ie, the more you trade something, you push the volume and effect the profit of your trades. It is a core concept used by large players known as a "pump". Pump is nothing but volume manipulation and a core reason to avoid half the stocks people on this forum talk about.
@elliottmagic I was going to link an extensive file that I created on this strat but, I think I need to rework it. There are like 100 factors to think about to do it correctly and I don't have it written very clear. I will work on clarifying it and send it to you. SO much of trading is instinct and broad market knowledge because there are like 100 things that impact the movement of price in a stock. It can't be packaged as easily as people want to sell you that it can be.
@NoviceUnicorn well if you could send this file to me i would be really interested. I'm currently writing my master thesis and I really contrate myself on "consistent profitable strategies" and try to come up with statistical results.
Thank you to everyone who helped me understand the rule! So I just want to confirm one more thing...from what some of you have said it sounds like swing trading is exempt from the PDT rule. Meaning you can open a position monday afternoon and close it tuesday morning and this doesn'
doesn't count towards your 3 day trades. Am i correct?
yes, swing trading is no problem as the transaction is on a different day. :)
Please feel free to correct any of my misunderstandings here, but the PDT applies to intraday trades - trades that are bought and sold (or shorted and covered) within the same day. Swing trading describes the style of trading in which stocks are typically held for more than a day as opposed to day trading which describes the style of intraday trades. I am sure people who describe themselves as one or the other will make both kinds of trades. But, if the PDT rule is something that may effect y
Join now or log in to leave a comment