@foxyoptions just became a fully transparent trader today!
agreed. I just imported all my trades when I started the challenge. I should have done this to begin with, would have made me more conscious and lost a lot less money
It definitely helps to track them and make you more conscious to cut losses early and get out of trades not working for you. Keep at it you will get there to be in the top 10% that can make it work at day trading.
How do I import my trades to profit.ly?
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mostly great! however, a $20 commission isn't bad for investing $1000. you should be looking for stocks that move 10-20 percent. so if you.are worries about the $20, you are looking at the wrong stocks. be patient and wait for the right settups
Great post, I agree with everything but #3. I've heard too many negative things about Robbinhood including some traders going to exit a trade and finding that they have to complete some survey before the trade is executed. That seems like a huge risk to take in order to save $20. A lot can happen in a few minutes with pennies and it could mean the difference between a winning trade and a loss. But other than that... great post and greatly appreciate the info!.
If your not supposed to day trade as a new trader, but hold over night for swings, how would you set you stop loss so that minor ups and downs don't trigger the stop loss?
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