nice. I'v been paper trading for a bit and I've really gotten to see what my own pitfalls are. So happy to have doen that without risking any real capital yet.
Indeed! I'm terrible when it comes to executions. Hopefully we can break some bad habits and make some money!
Welcome to The challenge !! Congrats!! STT is just a really good program that is essential for making it
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Watch Tim's Dvds, Level 2, Shorting, study charts plays, figure out what fits your personality. The typical normal week I'll study between 8-10 hours a day . If I'm not doing market research I'll read Tim's recommendation of books for technical analysis.
@Jason_Raposo I,v watched most of the DVDs, i,m watching Level 2 again and Trading tickers again too and half way through The Phychology of trading of Brett Steenbarger. I,m going to spent the next few months studying chart plays and catalysts.
No problem
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Thank you! And I love the comic bubles. Question though, I was trying to paper trade just 300 stocks long on this play and I couldn't sell! When it topped into the 4s I still couldn't get out and I was using E-trade. Any advice for such a situation?
@Janielx Hey Jess, I did not know that Etrade offered a paper-trading platform, but they should be able to tell you why it went through. It sounds like you had the right idea, and that is what counts with paper trading. When you trade for real, be sure to use limit orders, and don't be shy about putting your order a few cents away from where you want to get filled. IE your risk level is @ 3.50, have your limit order ready @ 3.45 or 3.40. Especially on OTC stocks!
unfortunately when I was watching this on Friday I was too afraid to enter around 3.50 because I thought was very near the top :( I didn't want to chase and have the stock drop on me.
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Take a breath, a walk, and reset. Look at the chart like its your first trade of the day and you see the opportunity. Its all a mental block at this point. Don't let it get you.
Hey buddy. Don't know how long you have been trading but my strategy and although it may sound like cliche at this point is to hold small positions every trade. To me i take a 1000 shares at a time and i risk .30c a share. Of course i have to be patient to see the right play before i buy. But my point is i go into every trade expecting to lose .30c so that fear of a loss is automatically so i can watch the charts play out.
I know it sucks to miss out on plays but its a lot better to be in one especially supernovas but you have to have a consistent mental plan which will help your emotional volitality
Think this might be overextended and could see fall off soon I got in at .11 for 10,000 shares yesterday and sold earlier today at .3401 as seems like lower high and bigger dips
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