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ZarahnTrades
ZarahnTrades Jan 04, 18 10:32 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 12:19 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 12:26 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 4:24 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 2:11 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 6:41 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 7:18 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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TradeSmall

Watched the trading action today in the chat room. Followed EGLT, DCIX, PIXY, LFIN, EPAZ, IMUC, RCGR, VRX. Tim bought 5k shares @ $3.90 11:36AM, sold @ $4.25 12:18PM. Total trade time 42 minutes. total return $1850. Total investment $19500.

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