Received 3 Karmas
TangoBaker
TangoBaker Jun 08, 17 9:13 AM

@Kody honestly unless you have watched all the videos taken detialed notes and are in the challange group and the stt pro group. don't start trading if you look into dux trades he first started with ib and then moved Tim's secrect broker. What ever you do don't trade with large amounts of money stick with 500 shares you have to see the patterns first.

Kody
1
Kody Jun 08, 17 9:45 AM

@goldencrown505 thanks for the advice bud!

AmyBrice
AmyBrice Jun 09, 17 1:05 PM

well said goldencrown505.

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Torkers
Torkers Jun 06, 17 5:02 PM

In struggling With The same on cutting losses - dont seem to want to get out of an stock - Thats bad ! But use smaller positions or maybe papertrade some ?

pasc0022
pasc0022 Jun 06, 17 5:40 PM

Read any of Mark Douglas's books on Trading Psychology or watch his videos on Youtube. Good Luck!

huperauxano
1
huperauxano Jun 07, 17 7:29 PM

@Torkers Or just practice cutting losses and getting out of trades that go against you.

Krystofko
Krystofko Jun 08, 17 6:00 AM

Thank you guys. I'll definitely try to take smaller positions - it sounds logical.

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kylemgoodwin
kylemgoodwin Jun 03, 17 12:04 AM

Thats how I started as well. Just go through EVERY video and try to piece everything together. much harder without premium subscription. I would also start trading and trying different setups and figuring out what works for you.

kylemgoodwin
1
kylemgoodwin Jun 03, 17 12:05 AM

Also, track all of your trades to really figure out what you're best at. once you find out what you're best at, stick to those one or 2 setups and do nothing else for a while. just learn and watch..

kylemgoodwin
1
kylemgoodwin Jun 03, 17 12:07 AM

If you're strapped for cash, I recommend putting maybe $50 in a robinhood account and trading with that.. you wont make much but most likely you're going to lose at first and trading with something that small wont hurt the bank. It will also allow you to feel your emotions while in a trade because real money is on the line and not just a fake make believe paper trade. Its alot easier saying I got in here than it is actually getting executed in a real trade

kylemgoodwin
1
kylemgoodwin Jun 03, 17 12:09 AM

Dont get discouraged, it's a hard strategy to understand at first. Just keep at it and use every loss as a learning opportunity.. take it one trade at a time and youll do fine. Good luck

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RBI
1
RBI May 28, 17 11:11 AM

That would be a one year breakout. There are also other timeframe breakouts. The 1 month breakout would be 0.97.

Kody
1
Kody May 28, 17 2:00 PM

You can look at multi month or year chart and see if the stock has a history of spiking too, perhaps it spikes and meets the same resistance and then goes back down. If the stock breaks that resistance it could have legs and keep going. Tim also mentions that short squeezes can occur often on Friday afternoons because it can be risky shorting over the weekend & expensive.

BirdsAreWild
BirdsAreWild May 29, 17 9:29 AM

Delving into shorting will be next on my list to learn.

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Received 9 Karmas
asefporl
1
asefporl May 27, 17 3:03 PM

Mr Himmeny i am currently using suretrader but i have some problems, i am mainly a short seller and they have 0 shorts available for any stock, the other problem is the fees that are killing me, im paying almost 25$ for 1 entry 1 exit. I was wondering if you could tell me how much do you pay for a round trip at IB and if they have shorts available for the kind of stocks we both trade(low flaot runners like HTGM/PULM/CCCR). Thank you for your time

AshtonDtrader
1
AshtonDtrader Jun 03, 17 8:55 PM

Whats up Himmeny, its Ashton from the mastery class. Great video man! the triangles and overall explanation of your risk/reward levels, gave me some great insight. I look forward to watching more.

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