The bottom was at the 2.40 range. I was a few minutes early. Catching a falling knife is tough but at least I didn't lose too much.

can somebody please explain why GSAT did not spik up when the market opened?

For currency (forex) trading, no. For S&P, I don’t think so.

so traders that trade forex are not using level 2. omg how the fuck are they trading then? what edge do they have.

they are using price ladder lol

@Financestudent — I used to trade forex and from my experience, no brokers offered it. The forex market has over $5 trillion traded daily. The level 2 would be impossible to read because trades and orders happen so quickly.

Yes i Will not short. I know that IF you short you can lose money then you put in.

@CrowofShortClan but what doed it take to be spproved for margin account? I am from sweden and herr you have to have good Credit score to be able to short stocks.

Sorry my Phone acts very strange whrn i type.

I'm from the states all of the brokerages that I know of don't care about your credit score. I don't have a credit score, and I can short. The brokerage policies may differ in Sweden. I would recommend contacting the brokerage you wish to short with and see what there policy is.

Also, invest in gramer or language education. Not that my skills are any good, but know the difference between now and know. Education is key kiddo ;)

@Kingstonstock85 english language is not my first language, and if it makes you happy, that was a typo. And why does everybody think i am a kid lol. I am 25 years old. I remember when profitly was a brand new place for traders, people were so much nicer. Now it seems like this "place" is ruined. For an example i cant post a simple questions involving the stock market without being belittled...

@Kingstonstock85 i see that your post replies without reading the topic, i use finviz and it does not show any results when i am searching for penny stocks

Ok. But 25 years old is still young man. i wish I was 25 kid. The money I could have made :D Anyway, Finviz is delayed like 15 minutes or so. Does your broker not show any news? Can't you set up a stockscreener in your broker? IB does. Also, never be too shy when it comes to live data. Like 80% of my choices are made from live data. And for my broker to show me live stocks in the stock scanner (that are in play now), I need to set the settings to live data. It cost like USD 5 or so. Maybe USD 30

I traded IMGN but it tanked. I made around 2 dollars trading with only 100 bucks from a swedish broker

@aidan222sharpe yup exactly:) thanks for watching

@wannabestocktrader yup losses are okay just keep working through them to become successful :) thanks for watching

@Financestudent nice thanks for watching

i will buy this stock tomorrow, and then sell it on monday for a huge gain.

that seems interesting will look into it thanks.

@samtamp95 after looking into it more i found out it was due to a R/S

so happy i did not buy this stock, my broker did not deposit my money so fucking happy

Congrats and it sounds like you're on the right path. You don't really need to trade daily honestly or hold overnight unless you have to or after seeing a potential that a company could go up the next day. However, you should never ever have to hold your position for the sake of not wanting to use one of your day trades. I think you have up to 3 or 4 trades depending on broker, if you nail those three trades, that should be plenty enough for a 5 rolling days. Good luck to you bud!

congrats on your success so far, wish you the best keep at it

Good that You have profits - continue to study hard all The time AS market can be brutal - GL on your journey

@coreygulick i have watched pennystocking part 1 and 2 and shortstocking and level 2 but only the half. I need to buy more dvds and gain access to video lessons. Two months heh, good. How much money did you start out with, if i may ask.

It was a typo. My bad. Did not mean to offend

@lombardo141 haha man, you made me so angry yesterday haha

Yeah I totally get it. No worries dude we are all here to help each other out for the most part. Good luck with your trades dude.

the indicator you send me really confusing me ahaha

Yeap, you gotta be careful! Things are setup in such a way retail traders simply can't buy at X and sell at X + .01 without losing money. I just watched someone's proftily video not too long ago and they had like ~$500 in comissions on a trade due to A/H rates on a low cost stock! Can't remember who, but you have to be aware of your fees and factor that into all your trades.

so you trade with 50 USD. I myhself have 1000 usd and think that little money to play with. I think you should start with 2500-3000 usd.

I was only trading the $50 while my funding was pending in my E-Trade account

ok