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Nighthawk6058
1
Nighthawk6058 Dec 28, 17 5:24 PM

Very helpful information and reminder to always have a plan in place before the trade. Love the examples as well

YawnAlot
1
YawnAlot Jan 05, 18 3:11 AM

Good stuff man, i like the having a plan before you enter a trade, most importantly is having a stop loss and knowing how much ur risking at that stop. So thats one of the first things i do. Draw out support/res. And find the percent diff between my entry and my stop. Then i choose how much money im willing to lose at that stop. So the equation is "Risk '$' diveded by risk percent. That will give you how much money you can enter that trade with to lose that amount at that percent.

TradeSmall
TradeSmall Jan 05, 18 7:41 AM

Thank you for your tip. I agree 100%. Once risk is figured out along with the support level, it's very easy to get out of a trade without having to think too much

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Nighthawk6058

My last two losing trades were a result of using Robinhood for overnight positions. The extended hours allowed by Robinhood are significantly tighter than E*TRADE. Being out of day trades, I held two separate overnight positions that appeared to have a possible spike in the market open. Gains were achieved at market close and after hours, although during Premarket on both of these, I was forced to watch my Profits deplete and take a slight loss before being able to sell early enough. Most of my trades will be on E*TRADE from here on out including ALL overnight positions that I take. Robinhood will only remain open for additional Day Trades until both accounts are >$25k combined. At which point they will be combined in E*TRADE and Robinhood will be closed. Paper Profits of $1400 were not obtained due to this. But we learn and we fix the flaw. Tomorrow is a new day, a new trade.

Roryg777
Roryg777 Jul 20, 17 2:03 PM

Robin hood was down for 2hrs today. Couldn't trade but or sell could not even cancel a fricken sell order. What a nightmare U need to wake up lol

Roryg777
Roryg777 Jul 20, 17 2:04 PM

I need to wake up.

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Nighthawk6058

New to Profitly, I will start posting my trades here as well as my commentary which will also go to my Twitter feed. Will be slow trading for me this upcoming week but might jump in on the last couple days.

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sdralyuk

I just started trading recently with Robinhood and I was wondering which broker did you open up with for a small account?

Nighthawk6058
1
Nighthawk6058 Jul 09, 17 8:01 PM

Logic? Robinhood has terrible execution speeds, or it doesn't execute the order at all even when your price target is hit. When it doesn’t execute and you decide to do it yourself, you have to cancel the original order in which it often gives you errors that it can’t do it and to check back later. Even when you spend the ten dollars a month for the gold feature, the extended hours they are giving to you are still not a wide as ALL E*TRADE accounts give you included. you cannot short sell, you ar

RolandWolf
RolandWolf Jul 10, 17 2:04 AM

@wbryant If it weren't for your totally awesome profile picture, your comment may have irked me a little bit! lol

Roryg777
Roryg777 Jul 20, 17 2:07 PM

Firsttrade only 4.95 a trade no min deposit required.

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