RC0002653
RC0002653 Aug 19, 17 2:31 AM

I thought having tight risks are good for protecting small accounts, because one good trade can wipe out your losses. Anyway how are you planning proper levels of risks?

DCGains
DCGains Aug 21, 17 4:12 PM

I base my entries on support levels now. I use an area where if i were short, i would enter as my risk. my goals are set to a combination of trend spikes and resistance levels minus a few cents in case of failure. I have a custom spreadsheet i have designed that i use to calculate weather the price points i enter make it a viable trade for me.

DCGains
DCGains Aug 21, 17 4:14 PM

Starting with my anticipated entry price, my dollar value of position, that calculates the ammount of shares i enter. Then i have 3 "key areas: where i input the goals determined by the above mentioned and the risk as well. this auto calculates my risk/reward and generally if its worth the time and fees associated with the trade.

DCGains
DCGains Aug 21, 17 4:18 PM

And as for the opening my risk, it allows for the trade to play out. +/- 80% of my losses are accounted for closing out a position too early (tight stop) as they all had played out for gains had i stayed in longer. I would be up substantially had i started doing this earlier. lessons learned.

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DCGains
DCGains Jul 28, 17 4:39 PM

I had a mental tally of what i would have had gained today if my plans excecuted properly and i adjusted my trisk, somewhere between $800 and $950. That would fix this lingering RED feeling my chart has....

aidan222sharpe
aidan222sharpe Jul 28, 17 5:28 PM

check out my video on these stocks, don't make plans and just react to price action. making plans without taking in price action will help you pick the wrong stocks to trade

JohnnyS101
JohnnyS101 Jul 28, 17 9:56 PM

Just got started on here. Where do you guys go to get news on potential stocks?

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