Palmer
1
Palmer Apr 08, 17 2:18 PM

Stocks that have heavy pre-market volume, move up at the open, come back down but hold gains are the ones to watch all day. Just gotta be patient and let the volume come back during the dips.

TimeFliesBuy
1
TimeFliesBuy Apr 08, 17 5:34 PM

@kenjiii16 that happened to me as well, it was because i turned off email alerts somewhere and when I verified my email I never got the email response from profit.ly it was odd, I also didn't get 2 of my 60 email lessons thats how I knew something was up.

XRenegadeX
1
XRenegadeX Apr 08, 17 8:24 PM

Kenjiii, in order to find proper entries and exits, you need to study chart patterns, practice watching the time and sales and level 2, and your volume bar. This isn't something you will acquire overnight. This will most likely take months, as it has for the majority of us to see proper entry/exit.

RyanH2430
RyanH2430 Apr 09, 17 6:47 AM

It has become gradual for me. I started trading the large cap and medium cap stocks for a couple years before finding Tim and his video lessons. I look at the chart pattern, volume and look at prior days open and close. I am half way through the HTMM DVD and watched quite a few of the video lessons and still continually learning. I'm looking to keep my profits going.

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XRenegadeX
1
XRenegadeX Jan 22, 17 9:50 PM

Glad to have you back in the saddle, Arick! If you need a shoulder to lean on, I know I'm here for yuh! Hang in there!

lexram
1
lexram Jan 22, 17 9:57 PM

Great stuff man!!

JohnPalir
JohnPalir Jan 22, 17 11:48 PM

Right over here in Sulphur, La by you. Just my 4th month into this.

Kilipax
Kilipax Jan 23, 17 2:48 AM

Hear, hear! I look forward to your perspective insights Arick! I really appreciate them. Thank you for all that you share!!.

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XRenegadeX
XRenegadeX Dec 24, 16 10:49 AM

I would recommend you do that first for a time until you're consistently profitable. I had to learn the hard way. Study, study, study! Then, study some more! Find mentors to follow. I follow Palmer, Arick, Tim G., Tim S., Michael C., and Scott C.

XRenegadeX
XRenegadeX Dec 24, 16 10:50 AM

This is a race won over time, not in a sprint. Think Marathon! :)

Pig_Demon
Pig_Demon Dec 24, 16 2:21 PM

Find a broker who has a deal with free trades and start trading it's the best way to start in my opinion. Everyone does good paper trading. I opened an account with 300 dollars and had free trades for almost a year (really lucked out with the deal they had going) and I learned more then just trading. I gained experience in the different types of trades (limit, stops, market), how I like to trade, violations ( you'll be glad you learn these with a small account) and many other valuable lessons pa

Fox_Trader
Fox_Trader Dec 25, 16 10:10 AM

Your going to want to paper trade first off Thinkorswim free practice account.. I started with 3 grand. 2500 is a good amount to start with

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Lincoln_Hawk
1
Lincoln_Hawk Dec 16, 16 9:36 PM

@Chongette32 "Jungle" because it's often a time of fast moving indecision between panic buyers and/or sellers as MMs try to match orders. I guess he calls it the jungle because there's not always a clear path or direction to follow in a jungle.

XRenegadeX
1
XRenegadeX Dec 16, 16 10:50 PM

I agree that the initial surge out of the gate at 9:30 is chaotic. I've found that if I wait for the first pullback, it usually occurs within the first ten minutes after the open. Good time to jump into something if the pattern looks good and it fits with my plan.

Pandabear
Pandabear Dec 17, 16 7:53 AM

@XRenegadeX I've had success before with buying at the open but it all depends on the pre-mkt price action but from now on I'll just wait for the first pull back like you said and only trade breakouts if I see an ascending triangle or a range breakout after the initial spike

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XRenegadeX
1
XRenegadeX Dec 03, 16 10:52 AM

Ebogey, I haven't been into this nearly as long as you have, nor am I one of Tim's millionaire students. That being said, I have come to learn first hand the lessons you describe you've learned. We're in much the same boat! Good luck sir!

n24life
1
n24life Dec 03, 16 12:36 PM

Thanks for sharing. Wishing you continued success.

timothysykes
1
timothysykes Dec 03, 16 4:31 PM

Awesome man, keep up the good studying/dedication!

bank_a_tronic
1
bank_a_tronic Dec 05, 16 6:31 AM

Ed, awesome blog post! Amped for you and your continued success :))

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XRenegadeX
XRenegadeX Nov 04, 16 9:33 PM

I like your thoroughness, Sylvia. Way to go on self-discovery! :)

XRenegadeX
XRenegadeX Nov 05, 16 5:22 PM

Paper has been good. I'm finally starting to see the patterns and can even do well paper trading. I'm starting with real this week. thanks for the well wishes! i wish you the best, too! :)

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licagavrila
1
licagavrila Nov 04, 16 11:36 PM

@Littlemoney16 I feel your pain, but giving up to early means you didn't tried enough. I joined challenge 1 year ago with a big dream in my head "freedom" and make money from trading. I know its frustrating seeing other people making 15-20-35% on trades. I lost myself good amount of money and sometime feel down. As lx21 said "want to be the best of the 10%". For some of us this can take longer, I will continue to study at my pace for at least 3 years and then decide if this will or will not wor

Arussell125
3
Arussell125 Nov 04, 16 11:42 PM

I can say this i have been doing this for almost a year, i have put in nearly 2000 hrs of study and still counting, everday i watch a lesson or youtube to refine my skills, it never stops but you have to find what your brain can best process and for me it took nearly 6 months trading before i had that moment when it clicked, just keep at and if tou need any help just ask

Pandabear
Pandabear Nov 05, 16 12:27 AM

@Arussell125 I've been doing about 5-6 hrs of study a day too and it's slowly starting to pay off

Fox_Trader
1
Fox_Trader Nov 05, 16 6:17 AM

Listen to all the above , losing money when your starting is endless. Take some time off and paper trade for a while to clear your head. I paper traded for two years prior to real money.

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sparhawk
sparhawk Oct 11, 16 11:20 PM

The easiest way to get around the T3 rule is have accounts with multiple brokers. There are many us brokers to choose from. You can have a robinhood account just because of free commissions, a e-trade account, optionshouse, interactivebrokers, and suretrader just to name a few. But considering the amount of money you have you won't be able to short any shares. Also if you are looking for a paper trading platform there are many that are completely free. I use optionshouse for some of my pape

Arussell125
Arussell125 Oct 11, 16 11:30 PM

i use suretrader for some time now and have had 0 problems with them, they are great for shorting as well, just dont overtrade with them and you will be fine

Arussell125
Arussell125 Oct 11, 16 11:31 PM

i also use think or swim because of their charting but they suck for shorting

marzsec20
marzsec20 Oct 12, 16 11:08 AM

I've heard people have a hard time accessing their money with Suretrader (Cash Account). Any input?

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XRenegadeX
1
XRenegadeX Oct 02, 16 9:46 PM

I was just conversing today with my nephew, Palmer, about this very topic. I recall Tim mentioning that pot stocks were a crazy trading event for a while either earlier this year or late last year. Who knows how things will pan out? I know that in reading about the California vote, they're anticipating that it will pass this time around as this is the second try for California. Thanks for the list, sir! :)

Palmer
Palmer Oct 03, 16 7:24 AM

Yeah, going to be interesting buy there should be an opportunity, long or short, pending the vote. I think there are 4 NADAQ pot realted stocks GWPH CARA INSY and ZYNE. That look worthy although GWPH is pricey. CARA and ZYNE charts looks identical and both look like they are working on breakouts too.

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Palmer
Palmer Sep 26, 16 11:27 AM

@tdellpro it would be a wait and see per the actual earnings release. if good numbers then look for more interest = increasing volume. if bad numbers, do nothing. for me it's a matter of a 'respectable' amount of volume coming in per the release

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