superhero007

@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.

superhero007
superhero007 Apr 28, 3:18 PM

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.

superhero007
superhero007 Apr 28, 3:21 PM

Please don't take my advice on your trades I would suggest do your own research.

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Veritas

@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.

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Veritas
Veritas Oct 17, 14 1:34 PM

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

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AussieChris

@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?

Veritas
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Veritas Jul 14, 14 12:11 PM

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
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Veritas Jul 14, 14 12:11 PM

only *add* into a position once you are winning on it

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bikcab08

@Veritas hey. what broker we use for the beginners? ...can you help me please

Veritas
Veritas Jul 14, 14 12:10 PM

Hey soo sorry for the delay, have been moving....can you tell me a little more about how much you plan to fund the account? Also, what is your ideal trade, short or long?

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Veritas

@Veritas welcomes you to their trader wall!

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Veritas
Veritas Mar 28, 14 7:24 AM

deadlifter do you mean for scans? or for general market information

DeadLifter
DeadLifter Mar 28, 14 7:38 AM

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 ?

Veritas
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Veritas Mar 28, 14 3:06 PM

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....

Veritas
Veritas Jul 14, 14 12:30 PM

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...

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