jscmal
MichaelGoode

[TimAlerts] best thing to do after a big loss is to take a break from trading. Otherwise you will be too emotional and could easily lose plenty more

Received 4 Karmas
juanjollovera

@MichaelGoode Hey, I am watching your video webinar on position-sizing (the one you send in the welcome email) and was wondering where can I get that risk/reward calculator?

gods5pear
gods5pear Sep 25, 14 10:37 PM

I'm new to the site, where can I go to watch said video webinar? Still learning how and where to navigate the site for resources. Thanks!

grababeer
grababeer Oct 01, 14 12:38 PM

Michael, could you send me that link too? I would greatly appreciate it. Mirage41b@gmail.com

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WilliamF

@MichaelGoode Hi Michael, I have been looking over your trades and was wondering how you determine your trade size. I don't seem to see any particular sizing formula or consistencies in your trades. I guess what I am actually asking is what sort of formula are you using for your position sizing / risk management. Thanks for your input on this.

MichaelGoode
1
MichaelGoode Aug 27, 14 4:17 PM

@WilliamF -- It is impossible to understand my position sizing by looking at my trades on Profit.ly, for a few reasons. 1) I use different position sizes for different types of trades and I will use a larger position size if the odds are highly in my favor or if the trade is a very quick scalp. 2) Profit.ly combines multiple intraday trades on a stock so I may be trading 1000 shares but if I am actively trading the stock I may do it 15 times in a day and Profit.ly then shows a position size of 1

WilliamF
WilliamF Aug 28, 14 6:34 PM

OK.. I can certainly understand what you are saying here. Thank you for the reply.

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DTermination88

@MichaelGoode hey sir, i appreciate you answering all of these questions right on!! i watched tim grittani's you tube vid and he talked about how you showed him how to weave out the bad promoters and focused on the best ones. how can i learn that? thanks in advance...

MichaelGoode
1
MichaelGoode Aug 13, 14 9:04 PM

The problem is that there are no good promoters anymore. I would not even consider buying a pump now except for an intraday scalp.

DTermination88
1
DTermination88 Aug 14, 14 8:38 AM

Hey sir thanks for the heads up. Hopefully when they resurface in the future, you can do webinar on this, Thanks a lot!!

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Penstock

@MichaelGoode hi Mike, you are a great teacher, i have learned a lot from you about SEC filings, and a few days ago i started looking at this stock who is a small company, selling a light to grow pot and a vaporizer, they kept on jumping up and down from .18 to .14 and back and after looking at thier balance sheet which said they have -107k and it grew for the prior year and other negative information about their company at quick glance and then shorted at .18! expecting it to go a bit down even to.16 im still in the trade now put 2500 down i started o do research after the market close and i couldn't find 1 SEC filing on them, except of a company with almost the exact name who was a huge company i felt like they were hiding behind this company maybe even a scam stock, what does it mean if a company doesn't have an sec filing? is my question, thanks for your time Mike and all the knowledge you share with those who are ready to get down and dirty and put the time and effort to learn what your saying and apply.

MichaelGoode
1
MichaelGoode Aug 01, 14 2:41 PM

Well some OTC stocks aren't SEC filers. They may file some documents with OTCMarkets.com -- so check them out there

Penstock
Penstock Aug 03, 14 4:18 AM

That was really helpful, I did find filings on there, thanks Mike.

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Kauppias

@MichaelGoode I have heard suretrader is the best to use in Europe. Is that true? And I have only about $1500 to use in trading. Where to begin?

MichaelGoode
2
MichaelGoode Jul 28, 14 8:14 PM

To be able to short penny stocks and with only $1500 to start with I think they would be the best option

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anferogi

@MichaelGoode Hi Michael, could you tell me where and how to do the webinar about candlesticks? I new in the TIm Challenge. Thanks

anferogi
anferogi Jul 09, 14 10:20 PM

Thanks Michael. Still cannot find the instructions on how to view them live.

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Penstock

@MichaelGoode Hey Michael, im new to penny stocks, i wanted to open a small account with suretrader because tim suggested it on his site, however, i did research and found out there are many hidden fees and people are having trouble getting their money back, i live in canada and i only have 500-1000 to trade, i have been looking for an alternative broker fro a while and cant find any. can you let me know what your oppinion is about suretrader as a broker and if you know of any other brokers whom i can join living in canada who do short selling for penny stocks? thanks for your time Michael.

MichaelGoode
MichaelGoode Jun 27, 14 1:02 PM

@davemac I don't get out nearly as much as I used to. You can't get DAS Pro for free except if you do a ton of commissions (I get it free at Speedtrader because I do over $500 in commisions monthly) -- you would have to do much more to get it free at CP or Suretrader

MichaelGoode
MichaelGoode Jun 27, 14 1:02 PM

@huntermax I did not think you could do that

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pinktrader

@MichaelGoode What are the average days, hours of a pro trader? How many hours a week do you devote to actively trade?

MichaelGoode
2
MichaelGoode Apr 24, 14 9:27 AM

I am at my computer from 8am to 4pm Eastern and then prepare for the next trading day for 1.5 hours or so in the evening

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MichaelGoode

@MichaelGoode welcomes you to their trader wall!

Received 17 Karmas
pekex
pekex Apr 14, 14 10:48 AM

I will try it.

pekex
pekex Apr 14, 14 10:49 AM

Thank you very much @MichaelGoode to take your time for answer a spanish begginer. ;)

pekex
pekex Apr 14, 14 10:51 AM

...So i need to subscribe? How much does it cost?

pekex
pekex Apr 24, 14 11:36 AM

Hello @MichaelGoode Do you set the stop loss before placing the order, or do you make it manually? Thanks!

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