jsierr2

@skylu113 Who was your mentor? How much money did you start with? How did you start and what sources do you recommend for me ? Thank you Im a junior in college Finance Major. Thanks! I have like 300 dollars to start.

Zhodg
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Zhodg Dec 22, 14 3:49 AM

@skylu113 $300 is a rough start man I'd save. I started with $1,500 and that's not nearly enough, because of commissions taking profits and not enough to effectively manage risk you basically need to be going all in every time. And the more you have to go all in the more likely you are to lose it all as well. I'd recommend Investor's Underground DVD and chatroom to start to learn and study. Also start a Twitter account strictly for trading and find out who is the best to follow that gives good t

Zhodg
Zhodg Dec 22, 14 3:50 AM

@skylu113 tips. I'd recommend Steve Burn's Blog NewTraderU for good advice and book, twitter recommendations etc. I say that cuz I just started seriously studing trading only 6 months ago and those are a few places that have really helped me.

jsierr2
jsierr2 Dec 22, 14 7:48 AM

thank you so much!!!!

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H20

@ZachHodgson Hey man I plan on using Suretrader to get around PDT but I was wondering do they have anything that can keep a record of ALL your trades?

Received 1 Karma
Zhodg
1
Zhodg Sep 28, 14 4:42 AM

Recommend viewing Tim Grittanis blog posts on brokers at tradetheticker.blogspot.com, hope that helps!

H20
H20 Sep 28, 14 5:18 AM

Ok thanks, and the iBoss will be on their homepage after you establish an account with them right?

Zhodg
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Zhodg Sep 28, 14 1:47 PM

Yup! They have to legally have all that information for tax purposes. Hit me up if you have any other questions

H20
H20 Sep 28, 14 2:18 PM

Thanks ALOT for the help man, if I have any other concerns I'll definitely contact you, I followed you btw

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KylanHodson

Kev2128 Kev2128 - Apr 07, 2:32 AM These are my 7 rules i follow and i think if you really stick to the rules you will do well also... 1) I Always cut your losses quickly! This is by far the BEST rule of the bunch! 2) I NEVER average down. Why add more to the misery? BUT i LOVE to average UP, meaning he/she adds to a WINNING position! 3) Chart support & resistance are the two MOST IMPORTANT chart indicators u will ever need to know. 4) Trading w/o a Level-2 and live charting you're already losing the battle before it even begins...It's a big no no! 5) It's very hard to make $1,000 but much easier to make $50-$100. So i try to pick trades wisely to gain that $50 or $100 dollars at a time. Patience is key when building up a small account. 6) Nothing is worse than when you're UP on a stock only to let it turn into a loser. To avoid that you sell on way up (or down if shorting the stock) in partials! Money in bank! 7) Keep your EMOTIONS out of the trade. Four Psychological States Of Emotion – Greed, Fear, Hope, and Regret.

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tanu1980
1
tanu1980 Sep 14, 14 10:48 PM

Thanks Kylan for the sharing the imp info. I lost lot of money because I never had any rule. Big lesson for me.

Skanatic
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Skanatic Sep 15, 14 8:54 PM

Great advice! thanks

Zhodg
1
Zhodg Sep 27, 14 9:36 PM

Great rules, thanks man!

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