I agree. The majority of it isn't helpful because new traders ask questions during trading hours and often don't know what they're talking about. It's hard to distinguish what is and isn't quality information.

I had a hard time in there as well. What it came down to for me was that I just can't get with that strategy. The fast movers are just too stressful, and while $1/share can be made in 1 minute (See $ETRM), it can also be lost as fast.

I use the chatroom to see where the hype is at. I use free scanners (for now) so others with premium scanners are able to pick up things that I'm not able to catch. If I'm in a trade, I dont even bother to be in the chatroom. Most of the descriptions for tickers are extremely overexaggerated and personal emotions get thrown into the mix.

I use chat room just to ensure i dont miss out any stock which is not in my scanner.

If you're interested in learning more about trading pyschology, I'd highly recommend the book "Trading in the Zone." It was recommmend to me by someone here a while ago. I got the audible version. The reader isn't the best, but it does a really good job of explaining trading pyschology.

Mr. Owens recommended that book as well. It's on my list. I just finished Hedge Fund, Market Wizards for like the 3rd time. lol

Never heard of that one. 3 times must mean it's good, though. I'll check it out. Thanks!

I just bought it thanks.

should have waited for the pullback off the highs after it held support

high 5s now...

Yeah, i saw that llater on. I'm so new i didn't even know to look for that! haha but I saw it, so I'll be sure to keep a look out for something like that in the future

Have you tried cutting your size down? This helped me a lot with overthinking. Conversely, you can scale in and out if it makes sense with your commission structure.

@Learnthings That's what I have been doing. I am down to $1000. Sometimes I go lower to $500 as initial entries. It helps. At the open, I can get anxious and go all-in when a stock is reacting the way I expect.

Got it. Wait for the ideal entries and choose your size based on your risk. For example, if i get in at $1 risking off a $.90 support level, with a $100 risk, 1K shares is the amount. However, if i get in at $.95 i can play 2K shares with the same $ amount of risk.

this is long....obviously. anyway...its a strtegy i learned from the Tim G DVDs.

@mdchowdhury

put a dollar in Think or Swim.

https://app.technicianapp.com try this

Try freestockcharts.com. The charts are fantastic but I don't think you will get OTC with it.

damn

You can always open 2 or more accounts. Then you have the ability to place 3 day trades per account.

Ya, sounds like the best alternative. Thanks for the help man.

Oh I didnt even know you can post trades without verifying them. I just wanted that nice profit chart. I don't want to use td ameritrade because I'm trading with 500 dollar positions until I get better, so I'd have to make huge gains just to break even on commissions. But ok cool I'll just record my trades. Thanks

Boston spent 75m ?

I didn't buy in the morning because i felt like it might be topping out. Boy, was i wrong. Longs are getting slammed right now, though.

How did you find this news this morning Floris? Do you run some kind of scanner that picks this up?

Continue what your doing, your off to a good start. It's the most frustrating thing waiting for the best setups, but it does pay off big time.

Wiping out profits is horrible, it wrecks your confidence. sorry to hear that

Keep your head up, you've been doing well. Don't let one mistake slow you down, keep on swimmin'

@Learnthings Exactly.. I chose to dip buy without looking at the chart, because I was so cocky.