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ThomasLegend
1
ThomasLegend Dec 30, 17 10:40 PM

@Torkers It is the ONLY strategy I use for day trading. And I do it with my phone. Usually with stocks I already know - not scanning for new ones everyday so they're not going to be as volatile as a pump and dump. But you can estimate the percentage drop intraday and set a buy near a round no. if the stock exhibits weakness daily in the morning.

ThomasLegend
1
ThomasLegend Dec 30, 17 10:41 PM

@MK1996 Yes - Dux has mentioned in his interview with Sykes that he has had like a 90%+ win rate with dip buys. It is a higher probability setup. I would say shorting pumps has the potential for much more profits, but dip buying is one of the best patterns for day trading long.

Torkers
Torkers Dec 31, 17 4:43 AM

@thomasKlegend thats soinds just amazing. Im having a rough 1 year - i have studied alot and dedicate all of my free time to trading And IT has not been working to well. My biggest problem is not cutting losses - i hold And hope way too kong And end up with massive losses insted of small ones. 4 weeks ago i really thought i had turned it around - i was down to 1600 $ on my account And then suddenly i felt like everything clicked. I had like 30 trades in a row with profits And made 4500 $ on litt

WoodbTrades
WoodbTrades Jan 01, 18 2:39 AM

Nice to see people on here actually making some profits. Great job

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Received 1 Karma
SAndrews
1
SAndrews Dec 18, 17 9:55 PM

@fittrader101 the large bearish candle did it although it didn't crack the support level scores my exit 2/5 definitely a rushed decision.

SAndrews
1
SAndrews Dec 18, 17 9:58 PM

@MK1996 agreed I just got impatient a weak area of my trading how about LFIN omg

fittrader101
1
fittrader101 Dec 19, 17 2:49 AM

Exactly guys! But this is a good learning moment for Scott :). Damn Scott you traded LFIN? haha that one ...

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Fishdogmillionaire
Fishdogmillionaire Nov 20, 17 4:40 PM

Thanks guys, appreciate the comments, yes, i think it's going to be a case of taking a step back at market open, only focusing on one or two stocks max and following pre laid plans

Torkers
Torkers Nov 20, 17 5:42 PM

www.alliancetrading.com is also no problem for u to sign up on - pretty happy with them - now that you have done your first trade your getting the feel for it - feel the anticipation and rush - slowly but surely you will be more and more confident and you get safer and safer. This takes time - remember this is a marathon - not a sprint- Keep studying hard and im sure you will nail it eventually - GL on your journey

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MK1996

Anyone use the bollinger bands/stochastics/ 10-60 lines regularly to help them in picking the right entries into a trade? Please excuse the misspelling.

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Received 11 Karmas
MK1996
MK1996 Dec 07, 17 10:38 AM

Update on the brokerage. lol. Got with ETrade, I can't get used to their ETRADEPRO platform after using STT for a couple weeks. It seems really confusing. But thank you guys for the help. Just put 5k in ETRADE

RMcInarnay
RMcInarnay Sep 28, 18 10:45 AM

If you keep 100% equity on your short then you don't get charged interest. ie. you have $2k in your account and you short $2k of a stock then there is no interest. Also, E*Trade does not charge interest for intraday shorting, at least that's what they just told me.

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