What’s ur secret ?
Thank you brother, I appreciate it.
My condolences to you and your family General.
Sorry to hear, feel better soon!
Thank You Tim
Thank you Shawn, very cool!
This is hugely helpful, I was using USAA up until I realized the same thing. I was getting shellacked!
So how do I trade with an ECN, any websites and do they accept UK customers?
@IceMan14 I'm sorry, I guess I should've been clearer. When you trade on Nasdaq for example, the exchange is essentially an ECN. So when you trade through it ECN fees apply + your broker fees. I hope this clarifies things a bit!
very informative, thanks.
@MarxistTrader amazing Stats, ur considered to be a successful trader.
sorry I meant you don't skew your stats - lol
I'm not as dumb as I type or maybe that was some sort of Freudian slip
Haha no worries man. Like I said, stat tracking is literally the only reason I use this site. If you're curious about how I trade, please feel free to PM me.
thank you man ... I follow you on twitter and see you're focusing a bit on pot stocks, I'd love to learn more
I have listened to Brett Steenbarger lately. His experience is that most traders fail because they haven't found their edge in the market. Some might be frustrated, and start to overtrade/not managing risk well, and might believe they have a psychological problem, when really the psychological problem stems from not having the edge.
@hr_tetra great point do you mind if i add that point to my blog as well.
Sorry, haven't been checking my mail lately. Please, do add it!
very true,well said.
@Cbthomas Follow me on Twitter as well if you like. @turbobob129
So, went on a week long or so hiatus to read and learn in an effort to stop overtrading and chasing strength or weakness. I have never traded 100k in one position! I think it has something to do with my trade imports, which I am still getting used to. My swings have been fine I guess. my biggest issue has been setting risk/ reward that is suitable to me. I want only very high reward to risk as I'm sure everyone does.....The only issue is I have a hard time setting levels for risk reward that all
that allow me to make a few grand without risking over a grand.....and I'm trading for a living so its hard to just say "wait for the good plays" and "don't trade everyday".
Good luck =D
I have found that trading only the stocks with big volume and volitility is best. When the bollanger bands go vertical, big volume comes in and price is pushing above the 9 EMA, trading is fun. Good book- The Trading Book by Anne-Marie Baiynd a pro tading coach. I have been struggling with poor entries, so I am playing only the best setups.
Ty for sharing, but at what point are you buying? At that b/o or in or are you buying few days after ER in expectation that b/o will happen later? Ty.
@GT500 the "E" on the chart indicates the earnings announcement, so you can see how many days it takes to break out. Entry depends on risk and price action, each play is different
good job keep it up.
This is great and aligns very well with my current strategy. I will have to investigate this further.
thank you, Roland Wolf. Great Video
Still only a cub in training but shorting at lower highs seems like a great strategy!