@Peregrine_Trading so if you're not full time you can expect to maybe take twice as long to learn. Nothing wrong with 18 months.
@andrewcruz9819 ha cheers Andrew - I hope your learning is coming together!
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Focus on learning and getting good plays with real money (robinhood is free with no commissions so its good to learn with nd trade small/big) Little by little youll see what works for u, a lil losing streak wont hurt u cuz u know ur never going "all in"
Btw i got out of LEI for like a lil $50 profit today ha, i was in yesterday at 1.33
Man i hate that PDT rule SUCKS... i went over one time because i didnt know that because I brought shares two time in one day and closed at end of day it was considered two. Luckily, etrade gave me a complimentary disregard and I have made sure i never go over again.
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bullish as fuck lol. When you trade it wait for the VWAP and EMA to time your entry.
SALT is the ticker. Was definately bearish.
How is this bearish? It's making a big move up today
Haha i meant bullish! Sorry. Was a bullish flag. I took profits and rolled into NVCN for much bigger gains. Thanks guys!!
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nice!
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Hey! I remember when I had no idea about level 2, I wish someone had told me but its quite simple. The biggest advantage of the level two is the left side which is buyers and the right side which is sellers. When you are looking to execute the trade if you see a wall of sellers for instance today I bought $FNMA at 3.79 and it shot up to 4.05 however on the right side the sellers were stacking up at 23k shares, 10K shares, and 50K shares. I sold because typically when that many shares are bein
being sold its hard for the price to push higher
@Wallstreetfinest Thanks for the encouragement. I have studied level 2 before, but I have barely used it, which means I know NOTHING. I need to know more by trying to use it on a daily basis.
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Welcome! Be sure you have the right midnset, watch my free http://traderchecklist.com guide and my http://howtomakemillions.com guide too!
Thank you! About 1/2 way through traderchecklist now. Lots to read and keep track of. Thank you so much!!
Study your butt off!!!! AND DONT BE AFRAID TO LOSE MONEY, its a process. I lost for a long time before it clicked for me.
@Wallstreetfinest thank you!! Will do!
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@Wallstreetfinest awesome, I will check it out later today!! Thanks!
@Fruitarian Yes Ive tried paper trading, but like you said it doesnt give me that kick and its not even my money, where if I am trading with my money I am able to spot little details more effectively whereas paper trading I have the chance to be reckless without any consequence. IDK, I am more of the type of guy that likes to get in the action with small positions and learn from mistakes, as you can see I haven't done too much damage yet.
@damnitgoose I am going to stay away from Robinhood, I am more than happy sacrificing $10 to trade and having good execution and up to date info versus no commission but things don't execute correctly or only some. Its like an offbrand cereal, I'd rather pay the extra $2.50 to have that savory taste. Thanks for the recommendation though!
Sometimes bad executions are just bad Wi-Fi. I had that with ESEA I couldn't place the order on time due to connections so got filled high at 3.57, lucky got out even.
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quick question! Do you use the EMA or VWAP when timing your entrys and exits. The reason I ask is because you have every bit of knowledge it takes, but your timing your plays wrong. I am not a guru, but if you look at my trades starting at the middle of last month I started winning a lot more because of trading with VWAP and EMA. Along with the teachings of TIm, another student of tims Arick Russell explains it extremely well, once I learned both strategies i started making money!! I like your h
@timothysykes Thanks! It's good progress - almost there!
@Wallstreetfinest haha I appreciate the feedback and the way you put it across! I've actually seen the videos you mentioned and I've considered indicators. I see how they can help entry/exits too.I'll consider this more of the next few weeks.
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@osirustwits i see whatvyou saying, the reason i lost in that trade was probably because i didnt you one of those things you mentioned. Legalization really does not carry any weight, i was basically going off my own speculation but if i would of factual catalyst would of made more sense
@Wallstreetfinest Thanks man,will do
@osirustwits Got it sir...I will reach the sky eventually, and I appreciate your comment
Protect your capital. Manage your risk first before trying to bank. Wish you good success
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Great post. I feel the same way about trading. That's all I think about. I even visualize certain charts before I go to bed. Sad I know. lol. And I visualize myself with a black maserati with red leather seats. I think it also helps before you put on a trade to visualize in your head how you're going to do it so you can think objectively.
ha thanks guys - feedback means a lot. Good luck to each of you on your journeys.
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Do you just call and ask for lower commission fees?
Told them i trade way more than 15 times or ao a quarter and needed a better comm structure
@Arussell125 thanks man, Ill give them a call
Did you ever figure out this issue? I don't see how your commissions were $160? 4.95/trade x2 is $10 + $30 ECN fees = ~$40 in commissions. What else were you charged? I have been using them for a couple of weeks now and agree with Arick that you need to win a bit bigger to cover the costs of trading with them. I too have had greed days that turn into red days because of fees. Sucks, but part of the game of getting around PDT. Hope things have gotten better for you since this!
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[TimAlerts] $NVAX Clean uptrend I want to see what it can do!
[TimAlerts] $GALT clean uptrend straight from Sykes pattern
[TimAlerts] $GALT broke through resistance nice
[TimAlerts] sorry $GALT is above that.
[TimAlerts] $GALT can't break 2.41 would be shorting...
[TimAlerts] $BSPM volume low, but spiking
[TimAlerts] $SORL has nice support, if it can break through 4.51 which is the next resistance could see some action
[TimAlerts] $BSPM nhod
[TimAlerts] $BSPM held support at 3.10 then popped!
@Lizzy8636 hahahaha Trading can be an expensive learning process but i enjoy it more than anything
It is VERY fun! Cant wait til we're better at it.
@Jonk87 thx m8
"I literally bought the damn top" hahah be sure to study Arick's videos! When you bought ETRM the RSI was hot and it was very far from EMA and VWAP support which led to the crash!
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