SOOOOO yea... i blew up 3 accounts to date..... ok bye.
ok so long story... i had no idea how to trade or how to even get started. i opened an account with my bank, little did i know i can only go long and there was no charts to look at or a updated ticker price! how do you expect me to trade when i have to press refresh every second to see what the price is. boom account one slowly blew up .. lessons i learned were obvious ones.. that i need a new broker.
and then there was account number 2, this account was going to make me a millionaire i was going to be on steve harvey and everything heck i was going to buy steve harvey show.... or so i thought. i opened an account with my bank againn but wait this time i opened a margin account. nowww i can short sell... right? um mr bank guy didnt think so. i am from canada and appertnaly the account i opened i can only trade canadian stocks. when i asked why they said i didnt have enough income to trade U.S aswell.. well tht put the salt on the wounds. so i traded canadian stocks and i had once again slowly blown up my second account !!!!
and now we are here. i opened a questrade account, i studied and studied, i bought how to make millions, i bought many books on stocks and i finally started winning, i start making gains and aswell with losses but before this i never really won money. i learned alot from the past 2 blow ups but they were simple lessons i could have learned faster and qucker that would not cost me money but oh well i know how it felt and it stings. so for this account i had a small $1000 account i had some losses like i said which eventually killed more then half my account with commissions. the lessons i learned here was that when i lose i lose small but it seems big because of my account size, i lose 5-10 cents a share but when i win i win 20+ cents a share. also i realized that since my account is so small i have to wait 20 cents a share at time just to make $10 but by then many traders are out with $100 profits. so my goal now is to just be green.
i will start again if i blow up this account which im doing everythig i can now to. but i wont give up because i need to buy that steve harvey show