MetalHat
MetalHat Jun 26, 17 4:36 PM

No, it's on my list when I have more money.

raymontrader
raymontrader Jun 26, 17 4:36 PM

I have it, looking for a way to switch with someone who have HTMM

MetalHat
MetalHat Jun 26, 17 4:37 PM

Oh, well my HTMM is streaming not a disk so no way I can help. Honestly though, HTMM is WELL worth the $$ if you can. It's very good.

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MetalHat
1
MetalHat May 04, 17 8:56 PM

Thank you for summing up exactly what I probably could not have put in words as well. Know this, you are not alone. I am going to take a few days off, reset and study. But my "take action" mindset that has served me well in my career and life in general, will clearly not help me in trading. Time to ingrain some new skills better suited to trading. Namely, patience.

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Financestudent
Financestudent May 02, 17 9:55 PM

Thanks for the info, but what does it mean hit the ask and hit the bid mean? and what does stacking mean? is it when for an example if there is a lot of byers on the bid, the bid stacks up (the green color wich shows the highest price gets bigger) or do you see "stacking effect" on the time & sales section?

MetalHat
1
MetalHat May 02, 17 9:59 PM

"Hitting" is simply where the order is placed. If you want to buy right now and not try to do so on the bid, you "hit" the ask buy paying the price on the ask. If you want to sell right now and not wait for a buyer to "hit" the ask, you sell at the price on the bid, "hitting" it. "Stacking" is when the shares are piling up at a given price on either side. It's usually indicative of which side is stronger at the moment but can change VERY rapidly with just one or a few sales and the tide turns.

Financestudent
Financestudent May 03, 17 2:31 PM

Thanks for the support i realy appreciate it

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HIMMENY
1
HIMMENY Apr 30, 17 12:59 AM

you can also watch the dvd title "Learn level 2

TimeFliesBuy
1
TimeFliesBuy Apr 30, 17 4:11 AM

A lot of Silver video lessons on the topic as well. Just Watching a pump crash or a successfull dip buy with level 2 action is awesome. It's like a serious tug of war between buyers and sellers and new people are joining the tug of war all the time and BIG buyers and sellers are like bodybuilders joining the tug of war

TimeFliesBuy
1
TimeFliesBuy Apr 30, 17 4:13 AM

so when you see Big ol Arnold Schwarsawhatever join the other side you get scared. I better stop there but you'll get it in Time.

Fox_Trader
1
Fox_Trader Apr 30, 17 4:31 PM

Get Level 2 DVD is your best bet.

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MetalHat
MetalHat Mar 17, 17 6:05 PM

Best thing I learned was to sell half my position when it has claimed an equal amount to what my risk was. Then I set my stop to the buy price so at worst I have made $ on the first half and broken even on the second. Then, with no way to LOSE money anymore, I let the chart guide me and only get out when it tells me. Took all the nasty emotional/nervously trading away for me. It has been the #1 reason I've been green the past few days, albeit small gains.

MetalHat
MetalHat Mar 17, 17 6:06 PM

So, for example, if I am in at 2.02 and my risk was 1.92, when it (hopefuly) hits 2.12, I sell half and set my stop to 2.02. Then I can't lose and feel relaxed to let the chart speak to me on the second half of the position.

Pandabear
Pandabear Mar 17, 17 10:19 PM

@MetalHat Yeah it's good to scale out when you have a large position but doesn't make sense for me to do it now with such small size. I just need to learn to hold through dips and have a target in mind.

Pandabear
Pandabear Mar 17, 17 10:20 PM

@IceMan14 It is but with a few more trades I think I should feel more comfortable. It's all practice and experience

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koolboy160
3
koolboy160 Mar 11, 17 10:49 PM

You can use 9 EMA on the 1 minute chart. Once it breaks the 9 EMA on the 1 minute chart it means the trend has changed get out.

MetalHat
1
MetalHat Mar 12, 17 6:56 AM

I fight with this too! Funny thing is I know what to do, just haven't been able to mentally force myself to listen yet... If your size is big enough, as soon as the stock rises to a price equal to the original distance to your risk stop, sell half position to lock in profits. Then set your stop to the original buy price so you are guaranteed to have made a profit. Now, let the second half of the position ride until it either breaks the 9EMA like @koolboy160 said OR the first 5min candle to make

MetalHat
2
MetalHat Mar 12, 17 6:59 AM

a new low after your original 1st half sell price OR it falls back to the original entry price and you stop out. This way you guarantee some profit and are mentally free to let the second half ride until actually stopped out for valid technical reasons.

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AngelTrades
2
AngelTrades Mar 11, 17 6:24 PM

Congrats Dee :) We are all here rooting for you:)

Fox_Trader
1
Fox_Trader Mar 12, 17 12:29 AM

It's truly a good feeling making profits, Congratulations on your first trades keep doing what your doing Dee! It's fascinating to learn from Tim apply then make that money I LOVE it

DeeSniper
DeeSniper Mar 12, 17 7:57 AM

Thanks everyone!!! XOXOXO

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MetalHat
MetalHat Mar 02, 17 4:45 PM

Taking advantage of your time is great. But be careful of overdoing it. The line is thin between good use of time and burning out. I've read a bit on human learning and while everyone is different, your brain needs time to absorb ideas/concepts. If too many ideas are forced in there at once, it can't make the connections before the new one flush them out (paraphrased obviously). Keep up the dedication Dee, hard work and a good attitude will get us all far!

DeeSniper
DeeSniper Mar 02, 17 6:23 PM

@chrisheppner DVD'S: "How to Make Millions" Tim Sykes. I should finish it up this weekend, God willing. I hope to get all his DVD's eventually.

DeeSniper
1
DeeSniper Mar 02, 17 6:30 PM

@MetalHat Thank you! Yes usually by Friday I feel chewed up and spit out so I tend to keep it light that day. I have been very strict on myself about getting enough sleep. I think that helps. I used to train horses and dogs for a living and rest was very important to how well they learned. Whenever I feel my brain is rejecting info, I take a break from learning.

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SebiSauce
SebiSauce Mar 08, 17 7:13 PM

Great vid Bob -- are you looking at level 2/charts/time & sales on STT when you make your trade or the other trading platform? Thank you

Turbobob
1
Turbobob Mar 08, 17 7:25 PM

I use STT to find the trades for me, but then I switch to my trading platform (DAS Pro) to execute the trade and then watch the level 2. If it is a longer term trade (more than 37 seconds) then I go back to STT to watch the chart with EMAs and level 2.

ksmedic
ksmedic Mar 08, 17 9:08 PM

Great video - Can you give any advice on locating good stocks to trade to someone that right now can't afford a high monthly subscription to a service such as STT?

Turbobob
1
Turbobob Mar 08, 17 9:57 PM

Finviz.com is very good. Even Yahoo finance. I also use the scanners that come with my trading platform at Sure Trader and Interactive Brokers

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MetalHat
1
MetalHat Feb 26, 17 3:49 PM

Going to order this one to read next. Finishing up "Chart your way to profits" right now. It's a decent book on chart analysis. I'd like to have "Trading in the zone" on my shelf and ready to pick up as soon as I am finished with the other one.

anatomic
1
anatomic Feb 26, 17 6:24 PM

@MetalHat There's an audio book on youtube for it. It's like 8 hours long but it's really good.

JWStocktrading
JWStocktrading Feb 26, 17 7:26 PM

Just started the audible for that book today. Blown away by how much I can relate already just in chapter 1 and 2

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MetalHat
MetalHat Feb 24, 17 5:13 PM

great idea. Is this in TOS? I have most of it configured for a scan but I am having trouble with the "today's close less than yesterdays close" part. My scripting sucks, lol.

StoxxRock
StoxxRock Feb 24, 17 6:01 PM

I have it on stockcharts.com so I can just run it every night for the next day. Not sure it can be done in TOS

Shac5089
Shac5089 Feb 24, 17 7:01 PM

That is interesting. I am new, but could you now go back and research why they spiked? If the reasons are something related to other than "good fundamentals", then will it make a good short?

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DeeSniper
1
DeeSniper Feb 23, 17 11:02 PM

I don't even know yet if the PDT will matter for me as I'm wet behind the ears. I just wanted to avoid it in case I want to do more trades. I almost went with SureTrader but they have a lot of extra fees and I wanted to know what to expect so I could keep the account funded. If TDA isn't booting cash accounts out for PDT, that's cool. I guess experience tells the tale and I'll learn soon enough and go from there. Very interesting discussion. Thanks ya'll.

DeeSniper
DeeSniper Feb 23, 17 11:10 PM

@MetalHat The only bad things I've read about SureTrader is: poor customer service; x-tra fees & platform fees; and hard to get money out. But I recently read they are increasing service reps to 300 and now have a debit card to make pulling funds easier. Looks like the legal issues are behind them now.

DeeSniper
DeeSniper Feb 23, 17 11:22 PM

TDA at one point in the early 2000's was spanked for allowing cash accounts to freeride on day trades before account settled (T+3) which was in effect providing leverage to non-margin accounts. Best I could tell from reading the case they were not spanked for allowing too many day trades in cash accounts but for going against the T+3 rule. I think Scott Trade got spanked for the same.

MetalHat
1
MetalHat Feb 24, 17 8:03 AM

Yes, customer service is lacking compared to TD for sure. The reps are nice and very helpful, but wait times can be 5-10 minutes to get one. I still use and love thinkorswim and just trade with thier level 1 software which is $49 or you can use the web for trading which is free. Much faster and easier with the level 1 software though. Order fills are very good.I guess it can be summed up by saying it's not perfect but more than adequate to avoid PDT.

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FirstRedDay
1
FirstRedDay Feb 15, 17 7:44 PM

From looking at the 1 year chart you should get a good morning panic. Plus it's the first red day with volume decreasing.

ImBatman
ImBatman Feb 16, 17 11:17 AM

Like we said, you banked! Congrats on your profitable mistake!

FirstRedDay
FirstRedDay Feb 16, 17 11:48 AM

Good job, always study the past!

huperauxano
huperauxano Feb 16, 17 7:31 PM

Thanks guys - I just got to the part in the Pennystocking Part Deux where Tim is talking about 1st red days. So nice to actually live the trade idea while learning about it.

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Zotti2017
Zotti2017 Feb 26, 17 10:51 AM

Hi Cory, could you be so kind and send me your great work as well? Congrats on your 11K profit! Kind reagrds, Heike

Zotti2017
Zotti2017 Feb 26, 17 10:54 AM

heike.franzen@icloud.com

Zotti2017
Zotti2017 Feb 26, 17 10:58 AM

Oh well, I am new to this. Sorry for any confusion, I posted this on this on the wrong headline. I meant your spreadsheet

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MetalHat
MetalHat Feb 09, 17 8:37 PM

@fastdounut I had success to fund my Suretrader acct today. Was a total PITA because I had to call my CC company because they thought it was fraud. Poked around the website a bit and seems pretty straight forward. Thanks again for the encouragement on suretrader, I had been ready to give up on them.

fastdounut
1
fastdounut Feb 09, 17 8:38 PM

@MetalHat Glad it worked out. Mine should be funded by tomorrow. They finally fixed everything and the site works smooth now. I guess they were just updating the site

MetalHat
MetalHat Feb 10, 17 8:19 AM

@fastdounut After I got stuff straightened out with my card company, it was less than an hour. Once you process it, you will get an email, they want pictures of the card. It was pretty easy compared to everything else.

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