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9er9erjo
1
9er9erjo Mar 29, 12:43 AM

hmm...video failed...3Q earnings report Mar 30.. almost 340M shares changing haaands...whats in the news?

Tunde1306
1
Tunde1306 Mar 29, 3:30 PM

I don't trust it. I seen what happened friday but I also remember what happened like a month ago when all shipper stocks randomly started pumping one morning and within 2 hours they all dumped from green to red into new all time lows. Be careful.

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TradeSmall
TradeSmall Mar 25, 6:28 PM

Try tracking all 83 of your trades on an excel sheet. Categorize them into different buying strategies. (dip buy, breakout.. etc.) then do the same for all stocks you find on your scanner.

TradeSmall
TradeSmall Mar 25, 8:53 PM

Not long. Started the Pennystocking with Tim Sykes in 2016/2017. Didn't trade for a few years, just got back in the game end of Feb this year.

ragincajun83
ragincajun83 Mar 25, 9:32 PM

just always remembering rule #1, even if it costs you a day trade, doesn't matter, just cut losses. that's the first thing you HAVE to get down. Being able to just CUT IT! With that, comes the patience piece. It's always fun to think about chasing a home run, but there are slower, smarter ways to grow. I all you made is $100.00 for the week it's better than ANY negative. hope this helps.

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ragincajun83
ragincajun83 Mar 21, 12:30 PM

Appreciate you. and oooohhhh trust me. This is why I trade. I'm the fucken Gladiator.

DThaSavage
1
DThaSavage Mar 21, 2:23 PM

With all these plays its easy to forget about the PDT.. same thing happend to me this week with Etrade. Definlty a huge learning lesson. We will definitely bounce back

ragincajun83
ragincajun83 Mar 21, 2:35 PM

Oh for sure! I'm glad that I'm able to coach myself and correct the behavior! Definitely looking forward to next week!

TradeSmall
TradeSmall Mar 22, 6:49 PM

"... I didn't cut my losses because but I didn't want to 'waste' another day trade..." That was me Friday, my 5-7% risk turned into a 26% loss. LOL

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Madison
Madison Mar 02, 8:01 PM

I don't recall hearing Schwab recommended but I am quite satisfied. I use their StreetSmart Edge app. It is exceptionally versatile. My only beef is that there have been a few times when Schwab was unable to get me the stocks I needed to short. When I can make enough money, I plan to use an additional broker as a backup but still using Schwab as my goto app.

Neved11
Neved11 Mar 02, 8:12 PM

Thank you guys for giving me options i really appreciate it

Stefan_G
Stefan_G Mar 02, 8:14 PM

etrade for long, cobra and speedtrader pro short. im no us resident, so i use IB. im happy with it, super stable and fast, but pay some commisions.

Raylbc27
Raylbc27 Mar 03, 10:50 PM

I been with TOS and it's been great! For sure get away from Robinhood! I think they are still having some issues. Don't want to wake up and can't sell your stocks!

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TradeSmall
TradeSmall Jan 20, 18 4:17 PM

When entering a trade, it helps to have a stop loss price pre determined just in case things don't go my way.

huperauxano
huperauxano Jan 23, 18 1:41 AM

You are right - reacting to price action is better than trying to meet your expectations about a trade.

dmatin
dmatin Jan 23, 18 8:19 PM

MYSZ failed morning spike got me too, and I didn't even chase but got an excellent entry. There are times where you should be patient and there are times where you shouldn't.

riplies24
riplies24 Jan 28, 18 10:16 PM

thanks for the replies, good info!

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TradeSmall
TradeSmall Jan 12, 18 10:40 PM

Great analysis of your own trades. Just a quick comment on #4. Would you have been able to see this stock on your scanner the prior day? And would you have known it would spike?

SithLord
SithLord Jan 12, 18 11:22 PM

Yes. I did scanned the day before and had a feeling it still had room to run. 52 week chart looked great. Very bullish. I'm just a rookie and learning the fundamentals. Knowing when to buy is important. If you can't get a good entry, then it's hard to make any money.

TradeSmall
TradeSmall Jan 13, 18 8:05 AM

I see. I totally agree. Good entry also means lower risk level

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ZarahnTrades
ZarahnTrades Jan 04, 18 11:32 AM

@williammorris16 Yeah, thank you. I guess it does really come down to being a new trader. 1. my confidence isnt great 2. Im not properly planning before trades. Thank you for the help.

jsiv95
jsiv95 Jan 04, 18 1:19 PM

I miss dozen of them a day. You can’t trade them all and you need accept the idea your eyes can’t be everywhere. If you miss trades on stocks you are watching closely then its another problem : you might have the fear to pull the trigger when things are setting up. That means you’re most likely not prepared enough. Prepare your trades more. If the things you’re looking for are lining up, you shouldn’t be hestitating. Try visualization. Be in the trade even before it actually happens. Good luck

jsiv95
jsiv95 Jan 04, 18 1:26 PM

don't focus on what you've missed. that'll destroy you. focus on opportunities.

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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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RickTC52

@kroyrunner hi there. anyone here from Australia? Etrader dont accept Australian residents while IB dont offer short selling to us. i am having a hard time finding a decent broker to join. any recommendation please? thanks

RickTC52
RickTC52 Dec 24, 17 8:18 PM

thanks man! i will check it out

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TradeSmall

NXTD - Round 2. This time with eTrade, real money. $2000 capital. I hesitated a lot. When it got to 3.09, i wanted to buy at 3.08. When it got to 3.08, i wanted to buy at 3.07. I kept chasing for lower price and BOOM, it goes to 3.20 out of no where..... Lesson learned: Plan entry price ahead before entering the trade. Bought NXTD 610 shares at $3.19. We'll see what happens tomorrow... Cutting Losses: if need be, selling at $3.08, the previous support level. As for Gains: If morning Spikes, goal is $4.19 or higher.

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