FYI, I've uploaded all my options trades to date. Since they're a categorically different beast than stocks, and I'm on this site to track my stock trading statistics, I'm going to remove them in a few days. You can see that I still haven't become profitable trading options and I've stopped for the last several weeks. I'll circle back at some point, but if/when I do, I'll create another account so I can keep my stock and options statistics separate.
@MarxistTrader hi Mrmarxist,first of all a big congratulations for such healthy profits.i would love to get a reply from you as i am a beginner trader and a newbie to profitly.i have been reading books and watching dvds and i want to do virtual trading first on a real time trading platform,is it possible?
Your best bet is downloading TD Ameritrades platform and using their paper money service on Think or Swim
I use ThinkorSwim to trade and it has that capability. I think it'd be helpful to get some practice on paper, but there's no substitute for experiencing the emotional swings during real trading.
@MarxistTrader amazing Stats, ur considered to be a successful trader.
sorry I meant you don't skew your stats - lol
I'm not as dumb as I type or maybe that was some sort of Freudian slip
Haha no worries man. Like I said, stat tracking is literally the only reason I use this site. If you're curious about how I trade, please feel free to PM me.
thank you man ... I follow you on twitter and see you're focusing a bit on pot stocks, I'd love to learn more
@MarxistTrader What do you use to scan for good swing setups?
Sorry for the late response! Honestly, develop lists of stocks by sector, keep track of catalysts and developments in each sector, develop an understanding of how they move, and scan through their charts once in a while. That's 99% of what I do.
Last August, I started trading with $17k. By this August, I managed to turn that into ~$400k pre-tax. My second year hasn't been going so smoothly yet. I've been MIA for the last two months because I opened some swing positions in American pot stocks too early. While some have been painful in the meantime, I firmly believe they're going to start coming back in a big way soon - with a crescendo in January as sales #s in new states like California come in. Take that FWIW, but here's to bigger & better things this next year. PS, I'm on twitter now at: https://twitter.com/MarxistTrader Theme-song for the moment: https://www.youtube.com/watch?v=1D5PtyrewSs
@MarxistTrader Hey Im also in pittsburgh and relatively newer to trading.. hopefully, get to somewhere near your profits one day.. Gltu
Ive been reading a lot regarding BITCF, BTCS and BTSC - Any advice for Monday if Im looking to go with one of those stocks - Long? Not sure if there will be a dip to recent support or if it will continue to push /\..
Just saw this now and I have the help of hindsight, but I wouldn't have recommended longing any of them Monday - as a swing trader. I try to buy when nobody's watching and sell when everybody's buying. As you can see, I sold wayyy early (I'm on the road so I can't watch closely), but I still caught 50-100% moves.
Yeah you could of killed it even more - however, you were smart about it. Probably can still pick up some dips in these stocks and flip throughout day but I just sat back and watched. Lol good learning experience.
@MarxistTrader Dbask Aug 12, 7:32 AM I see you are a swing trader , so you know any good YouTube videos or anything period where I can learn to swing trade. I get day trading and shorting but I want to learn swing long and swing short etc..
I've learned mostly from InvestorsUnderground. I basically try to trade their 'ABCD' pattern on daily charts rather than intra-day charts. Unlike them, however, I often try to anticipate what sector money will flow into based on foreseeable events (e.g. legalization votes last year, bitcoin runs this year, etc.).
Well - not that they never do that, but I wait for "perks" less than they do. I often buy flat action anticipating perks.
@MarxistTrader is FNMA safe for tomorrow?
So, I like its chances for continuation tomorrow, *but* the risk/reward (and probability of each) isn't as attractive as I'd want to *recommend* buying tomorrow.
Head & Shoulders pattern intra-day at $5 resistance. That's the risk of adding on a day like today. If you got in earlier, you're just debating where to take profits vs. stressing about g/r.
Thank you for the guidance. Do you have a watchlist you have posted for tomorrow?
Nah. I've never done a watchlist before and I was planning on taking tomorrow off anyway. If there's demand in the future though, I might consider it.
FNMA hasn't published any press releases. I believe you're referring to articles published by the NYT, WSJ, Bloomberg, etc. about FNMA & Trump's treasury secretary. They're not "trying to get some trading volume on this thing." There's trading volume on this thing because of what legitimate news sources are reporting on.
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