Starseed

Made a good day trade and a nice swing trade last week with GERN. I have decided to take a break from trading until after the new year and enjoy the holidays without opening up any positions. I'm also going to take some time to study more and to read a couple books that were sent to me. I have been watching a lot of videos on the history of the market and all that I can learn about all aspects. I would love to know more about reading 5, 10, 15 minute candlesticks - so if anyone has any information or any experience, please share :) Have a great holiday and a happy new year! May the charts be with you

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Starseed

Made a couple good trades this week....Made OK choices considering I am green...I suppose I will be green forever as there's stop sign for learning in the market. ZNGA - Bought this as a swing trade and made out with a tiny profit. I went into this trade because I identified a pretty clear support level at the time. I went in like .02 cents above support and I paid for it. I should have bought at 2.68..instead I bought at 2.70...Nonetheless, got out a little in the green. ECRY - Bought as day trade. I knew this stock was going to be pumped like crazy...Stock Tips is getting paid $5.5 million to promote this company. I tried to buy pre-market (around .13 at 7:00am), but ETrade does not allow you to buy pink sheet pre or post market so I missed the 100%+ increase...Fine by me...I still made profit, and I'll gladly take it. ETrade executed my BUY wrong and corrected it for me which made my day :)

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Starseed

Terrible trading this week...All losses either from being impatient or greedy ZNGA - Did not wait enough for the price to recover - the price action was horrible so I got out based on that. Small loss, not sweating this one. YOD - Held on their earnings which was SOOOO stupid given the companies past CC's and revenue. I had a chance to let this go and take a small $20 profit, but, greed took hold of me. I thought we were going to see a little pop after their CC, but quite the opposite happened - dropped 20% in the matter of seconds. GERN - I'm so ashamed of this trade. Broke rules and didn't pay attention to the price action. I bought right out of the gate when I should have bought pre-market. I bought when people were selling and taking profits. Cut my losses as this stock went down a lot further. It's also pretty frustrating to not be able to trade more than 3 round trips per business week.

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Mufasa
Mufasa Nov 17, 14 11:35 PM

@Starseed I'm actually just signing up right now. I've read a lot of reviews, good, bad, ugly, but in the end if I can trade as many times as I want, I don't mine the fee's/wiring process. I've used Zecco, TradeKing, MerrillEdge, TDAmeritrade, and Etrade so far. Until today I never had profit.ly either. I'm trying to make some serious changes to my investing styles, but still in my early stages. #novice haha

Mufasa
Mufasa Nov 17, 14 11:36 PM

@starseed ^ I'm referring to me as the novice here (didn't want to send mix messages myself)

Starseed
Starseed Nov 17, 14 11:40 PM

@Mufasa LOL all good..well, welcome to profit.ly! I haven't been here too long either, but loving it so far

Starseed
Starseed Nov 17, 14 11:42 PM

I'll most likely keep Etrade, but open up another one when I make a bit more profit. Ideally I would like a broker for investments and one for day trading for separation of concerns.

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Zenyatta

@Starseed Hi, I also recommend Trader Vic Method of a Wall Street Master as a great "overall" view of the market. You can find some pdfs of it around or of course pony up. Hope you enjoy Perfect Stock as much as I did!

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Starseed
1
Starseed Nov 09, 14 12:12 PM

I'll check that out too! I'll get it on amazon tomorrow. Knowledge is always worth the money to me, plus I love reading. It's only $16.47 - I'll let you know what I think of both

Starseed
1
Starseed Nov 09, 14 12:14 PM

Thanks for the recommendations I really appreciate it

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Zenyatta

Crazy week. Fought off -1,100 starting the week on Monday to be profitable by a small amount by market close today. Weekend reading, awesome book "The Perfect Stock". It's about TASR and it's run up of 7,000% in the early 2000s (that is not a type, 7000%----5.00 to 385)...thanks for the new follows and drop a line here or chat if you've got questions. Finally back to trading mostly full size after kind of a weird mental spell earlier this month. Also am torn between using DAS (demo the platform) and BookTrader, really like DAS but it's an extra 175/month.

Starseed
1
Starseed Nov 06, 14 8:41 PM

Just ordered the Kindle edition, only $3.99

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Zenyatta

Do you have a "disaster" plan? I just lost $1,000 when the power went out. It's sunny, calm and 75 degrees. Trades weren't executing on the mobile app after power outage...had to call the broker to partially close 1/2 the position (which costs even more in commissions). Maybe I'll be saving up for a generator, that was pretty costly for 2 hours of downtime. Position size was a bit too large as well, which exacerbated this loss...what was setting up to be a good trade turned disastrous...

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planeteyes
1
planeteyes Oct 27, 14 9:53 PM

a laptop with a mobile hotspot is a good idea to have.. especially since internet or power can go out.

Zenyatta
Zenyatta Oct 27, 14 11:17 PM

yes that is a good idea, haven't had a problem in 4-5 years with a power outage, but you know trading, if it can happen it probably will. trade could have gone much worse, so I guess I should count my blessings and learn.

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