@Veritas Hi You have some amazing trades. You inspired me not to give up. I am trading fnma like you are. I just need a piece of advice. How do you figure out entry and exit points. And how do you figure out if volume is going up or down. What tools do you use to support your trading. I hope you enjoy your summer and have a great life. God bless.
@Veritas Hey have you read any books about trading you recommend? I'm going in a trip in a couple of weeks and I'm looking for some good books to read
@aericthomas Hey Man! Enjoyed spending some time talking last night...even tho poker was distracting. Hope you close the year out strong.
hey same here - you too!
@cbull Hey man responding to your question. Never all in on any trade...NEVER! I do play larger positions on stocks that I know are liquid at the moment...and yes usually I am scaling into and out of positions.
good questions! Most of the bigger trades on FNMA have come in the late Spring. I take summers off from trading so hence the long static areas. This summer in particular I was moving...so setting up new brokers...waiting for some to switch clearing houses...has made me not that anxious to get into full time trading on other stocks just yet. I study FNMA often...I know its not typical for a daytrader....but I find that my focus has made an even better trader on it. And finally yes, it is tough to
@Veritas Hey Veritas, I'm curious as to how you profit with 42% wins. Is this done by cutting losses early, while riding profit trades longer?
yes, the key is to cut losses quick, and only into a position once already up on it. Dont double down on losing positions....They say you only need to win 6 out of 10 times to be a good trader...as you can see with me, that doesnt even hold true.
@Veritas hey. what broker we use for the beginners? ...can you help me please
@Veritas are you on skype?
@Veritas welcomes you to their trader wall!
deadlifter do you mean for scans? or for general market information
Sorry...i meant for scans...where do you usually look at for stock pics and what clues do you search for when looking at companies ?
I find www.finviz.com to be very time effecient to look at stocks after hours. Use the screener tab, look at gainers, losers etc and the chart pops up nice too.....I pay attention the buzz on twitter, ihub, investorsunderground etc to see what traders are talking about...usually I follow the volume and trade it how I see fit....
I like twitter to see what epople are saying about a stock, how many tweets per ticker compared to what the usual 1 or 2 per day is etc...
Hi Veritas, Sorry for not able to respond to you earlier. I have not been so active lately. Its kind hard to tell you how I trade because I have not been trading for few years been busy with my other business. I would suggest just buy dips RSI under 30 and wait till RSI goes to 70 and sell. That how I have been doing it. I hope that helps.
Please don't take my advice on your trades I would suggest do your own research.
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