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JSC
1
JSC Jul 03, 17 4:11 PM

I have never heard of Ally but those fees are terrible. Good Job on turning two profits :)

SmarTrader101
1
SmarTrader101 Jul 03, 17 11:54 PM

as I see you are going long position on all, i suggest robinhood as there are no comissions. I have done well using it, im sure you can too.

abusedbacon
1
abusedbacon Jul 03, 17 11:58 PM

I'm with etrade at the moment and they are giving me free trades for 2 months for depositing 10k. It is a great way to start so I could learn by using small positions without being drained by commissions. Now I'm getting used to using larger size, so by the time I have to actually say commissions I should be making more than enough to cover the cost, I hope

BirdsAreWild
BirdsAreWild Jul 05, 17 8:02 AM

@JSC Ally took over Tradeking. I liked Tradeking but am not fond of Ally. It just seems to be an added layer.

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raestrong
raestrong Jun 13, 17 2:03 PM

its a great live market screener. It sets key presets to the correct stocks to trade. Like Kingston stock said, there's no pre or aftermarket data. But if you're looking for a strong stock to trade on the fly this is a great, free screener.

BirdsAreWild
BirdsAreWild Jun 14, 17 5:41 AM

I think that FinViz is a great screener for the price of free. Of course you must still do your due diligence and check other sources for info on the tickers that come up on your FinViz screeners.

musthavefaith
musthavefaith Jun 20, 17 7:32 AM

Thanks guys, very new i have been reading, reading and reading and i really need to just do something. LOL

Kingstonstock85
Kingstonstock85 Jun 20, 17 7:54 AM

No you don't. Just sit and learn. You'll known when you are ready

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TangoBaker
TangoBaker Jun 08, 17 9:13 AM

@Kody honestly unless you have watched all the videos taken detialed notes and are in the challange group and the stt pro group. don't start trading if you look into dux trades he first started with ib and then moved Tim's secrect broker. What ever you do don't trade with large amounts of money stick with 500 shares you have to see the patterns first.

Kody
1
Kody Jun 08, 17 9:45 AM

@goldencrown505 thanks for the advice bud!

AmyBrice
AmyBrice Jun 09, 17 1:05 PM

well said goldencrown505.

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BirdsAreWild
BirdsAreWild Jun 06, 17 7:12 AM

I don't know but maybe you could ask this in the chat room.

WizeFool
WizeFool Jun 10, 17 5:17 PM

As of right now I show 3.98 mil shares outstanding 3.87 in the float. maybe the short shares data is erroneous information. As far as the SEC filing is concerned I am not very familiar with how to read them, but they are offering stock warrants that are immediately exercisable from $.01/share. to anyone who owns them, they'd be dumb not to sell them immediately at the stocks inflated price. just my thoughts. But, you'd have to sell them over days because the float

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RBI
1
RBI May 28, 17 11:11 AM

That would be a one year breakout. There are also other timeframe breakouts. The 1 month breakout would be 0.97.

Kody
1
Kody May 28, 17 2:00 PM

You can look at multi month or year chart and see if the stock has a history of spiking too, perhaps it spikes and meets the same resistance and then goes back down. If the stock breaks that resistance it could have legs and keep going. Tim also mentions that short squeezes can occur often on Friday afternoons because it can be risky shorting over the weekend & expensive.

BirdsAreWild
BirdsAreWild May 29, 17 9:29 AM

Delving into shorting will be next on my list to learn.

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BirdsAreWild
BirdsAreWild May 28, 17 8:13 AM

During the months of May, June, and Oct-Feb I have to spend a lot of time with my current job. I have been spending all of my free time watching vids and reading. When I only have an hour after the market opens I have found that is not really enough time. I realize that it is difficult to set a weekly or monthly income goal from this but I am looking to learn enough to replace current position in the future. Hopefully I can learn enough to be confident enough to trade more and reach an incom

BirdsAreWild
BirdsAreWild May 28, 17 8:13 AM

and reach an income of 10k a month after a year or two.

FinDinkle
1
FinDinkle May 28, 17 11:34 AM

This is where I'd like to be eventually as well. Keep up the hard work!

Torkers
1
Torkers Jun 02, 17 9:27 PM

If Youre dedicated and study hard i belive that it is possible

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RCTrader
1
RCTrader May 26, 17 10:17 AM

great notes, in same boat, have been a value investor for so long have to try and get my head around unlearning years of value investing.

ZachR
1
ZachR May 26, 17 11:08 PM

Thanks for posting look up trader checklist by tim on YouTube if you haven't already.keep on keeping on.

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BirdsAreWild
BirdsAreWild May 17, 17 4:47 AM

Do you pay a monthly fee to use Stocks To Trade for paper trading?

HeathenSaint
1
HeathenSaint May 17, 17 9:00 AM

@birdsarewild I think you pay a fee for all-inclusive use of the software. I just went ahead and dropped the coin on the 14-month discounted subscription for Tim Challenge students

BirdsAreWild
BirdsAreWild May 17, 17 6:54 PM

I think I will do that too as soon as I learn Think Or Swim. So much to learn and only so much time.

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BirdsAreWild
1
BirdsAreWild May 18, 17 10:43 PM

I think I have the three patterns that I am going to follow. Dip buying, short selling, and up-trending. Those seem to be easiest for me to learn with.

WolfOfProfitLy
WolfOfProfitLy May 19, 17 8:25 AM

Thanks for the link, when I get enough money for a margin account, I will also look into short selling.

BirdsAreWild
BirdsAreWild May 27, 17 4:38 AM

I don't have enough for a margin account either. :)

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Abdou
1
Abdou May 15, 17 10:22 PM

I have not tried paper trading ,I have gone straight LIVE , there no problem trying though! If you kind of not confident enough to go LIVE ,you may consider ,going LIVE with very small positions 50 shares at a time once you gain momentum and confidence you can scale your trading .you need to test the waters dear trader. TIP dont test the waters with both feet,dont put all your eggs in one basket .Good luck ! Remember ,as Tim says CUT LOSSES QUICKLY IF YOU HAPPEN TO HAVE A TRADE GOING AGAINST YO

russbakr
2
russbakr May 15, 17 10:44 PM

Trading is easy. Pattern Recognition also easy. Mastering our own Psyche .. thats the true test

BirdsAreWild
BirdsAreWild May 16, 17 4:22 AM

That is the hardest part Russ and I am working on this. Focusing on investments of different kinds for over 30 years requires a different mind set than day trading. I will be a winner and will master this.

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HeathenSaint
1
HeathenSaint May 15, 17 8:59 AM

Sounds like you're on the right track. I really like the SUPERNOVA pattern. So far it seems like the Holy Grail of chart patterns.

BirdsAreWild
BirdsAreWild May 15, 17 9:11 AM

I think that everyone likes the Supernova pattern. I would love one of those. Right now I am focusing on 10%, 20% and 30%. I am a big chicken shit and don't want to lose money. This will probably hurt me in the short term in the event something goes to 50% or 60% but that is okay. Pennies make dollars and earning in small amounts will add up.

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russbakr
russbakr May 14, 17 3:10 PM

that ASV is a one day chart. look at the multiday multimonth for "messy" charts. one day dont mean nothing.

HeathenSaint
HeathenSaint May 14, 17 6:25 PM

Right on. I think ASV is too new to have stats beyond that 1 day.

BirdsAreWild
BirdsAreWild May 15, 17 4:05 AM

I would stay away from ASV right now. They don't have anything extremely new. I would wait a bit to see what happens with them.

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Pandabear
1
Pandabear May 13, 17 11:57 AM

@birdsarewild Yes this one has more volume. And yes you would get in at 1.15 or 1.20 which is a key resistance level but you would have to be quick. If you miss this entry you would wait for the first dip at 9:33AM and buy the first candle to make a new high at 9:34AM at 1.35 or even 1.40 which is another key resistance level if you look at the daily chart. You sell into strength or close the next key price level

Pandabear
1
Pandabear May 13, 17 11:58 AM

You should sign up with Think or Swim as they have really good charts or even Tim's StockstoTrades software. You need charts in real time. The yahoo charts are 20 mins delayed

BirdsAreWild
BirdsAreWild May 13, 17 12:06 PM

I have Think Or Swim but haven't figured out how to use it just yet so I am trying to learn with screen shots. I have some time allocated next week to dig into Think Or Swim again.

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BirdsAreWild
BirdsAreWild May 13, 17 10:41 AM

I am extremely new and not sure what patterns to look for yet. I did not get the How To Make Millions dvds. I got the Pennystocking PartDeux ones. Should I have gotten different ones? This is like an entirely new language to me.

BirdsAreWild
BirdsAreWild May 13, 17 10:43 AM

With pattern learning I have a LOT to learn. How far back do you look to find patterns? 6 months? Then do you delve into shorter time frames?

Pandabear
1
Pandabear May 13, 17 10:47 AM

I haven't seen Pennystocking PartDeux but I heard it's good. I go back as far as 10 years. I look at multiple timeframes, 10yr, 5yr, 1yr, 6m, 1m and keep going until you get to one day. The longer the better

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Bryan3121
Bryan3121 May 12, 17 7:14 AM

Advice: learn to sell QUICKLIY, be scared of the market, take small percentages, don't be greedy, know low float, short squeeze, any news, what is the earnings report, how many days red vs green, and how is the volume, and always create your own watchlist P.R.E.P.A.R.E.,

Hunter1224
Hunter1224 May 12, 17 8:29 AM

You know that you don't know which is really good and you don't have any predeveloped bad habits. You seem off to a great start. Recommend Tim's first two movies to get started.

BirdsAreWild
BirdsAreWild May 12, 17 10:04 AM

Bryan, I am a big chicken shit when it comes to this. I made myself a little calculator sheet where I can input the share price and number of shares and it will show me how much the price will have to go up to make 20% and cover fees. I figure if I only make $20 that is great while I am learning.

BirdsAreWild
BirdsAreWild May 12, 17 10:06 AM

Hunter, I just received the DVD's in the mail a few days ago and because this is a busy time for me with regular work right now it is going to take a while to watch them, although I have started on them.

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russbakr
1
russbakr May 11, 17 11:27 PM

$URRE will be on alot of watchlists definately looking at that one

BirdsAreWild
1
BirdsAreWild May 12, 17 7:07 AM

I just found FinViz a couple of days ago and I like it but I don't have anything to compare it to other than it seems much more usable than the others that I looked at.

HeathenSaint
HeathenSaint May 12, 17 10:27 AM

I'll post a screenshot of my FinViz scan setup! I'd be interested in anyone's thoughts.

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Flockstock
1
Flockstock May 11, 17 7:46 PM

Basha.... It was a good trade lessened by discipline mistakes ... Nothing to be upset about , you were one small step away from trading greatness 8 out if 10 IMO

Madbash
Madbash May 11, 17 9:30 PM

@Flockstock Thx Flock. I think in the end the true error was being predictive of a drop, instead of reactive to the situation. On to the next one!

Flockstock
1
Flockstock May 11, 17 10:23 PM

React don't predict .. IMO sometimes is easier said than done.. In the rare cases you don't react fast enough a small bit of anticipating can be useful .. It should be: Anticipate, react, don't predict or be prepared to lose .. My issue is the speed at which I react.. Not fast enough .. Or not selling when you have the 5 window .. Missing the sell, and then it go against you .. All my trades lately could be 4 minutes or less .. Any longer I'd lose .. It's wierd

BirdsAreWild
1
BirdsAreWild May 13, 17 9:19 AM

Learning to be reactive instead of predictive is going to be a big learning curve for me I think.

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