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CA2K7
3
CA2K7 Apr 17, 20 11:05 PM

Trading with a very small amount of money might do the trick. Start with a few hundred bucks. There's more emotion to it. Once you've gotten comfortable with that, then you can start trading with your bigger account.

buythebuy
3
buythebuy Apr 18, 20 7:14 AM

It was hard to transition from paper trades to real money. For one my paper account has delayed quotes. Secondly, there is the emotional aspects of it. I don't watch paper money as close as I do my own money. Sometimes I over watch my real money and I get analysis paralysis. The only time I use paper accounts now is to test strategies before I put real money on the line. It is just a tool to learn with, but nothing is like the real thing.

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Mark9565
Mark9565 Apr 10, 20 12:09 PM

If price keeps running up you capture those gains. This worked very well for me with $DECN trade was able to get 64% on it. I sold it right after it peaked not support level.Tried again wil $BIOL

Mark9565
Mark9565 Apr 10, 20 12:11 PM

For $BIOL got 10% then it dropped to previous support. I executed sell order and got 8.5% gain. Subsequntly price ran up another $0.20

Mark9565
Mark9565 Apr 10, 20 12:12 PM

You have to think in terms of consistent profits growing the account.

buythebuy
buythebuy Apr 11, 20 8:01 AM

I use TD and the Think or Swim platform. I am not a fan of their scanner though because it is not real time in pre-market. That is the time of day when I find most of my trades and look for biggest gainers. If I can catch then at the top premarket, sometimes I go short. Otherwise, I try to catch a sell off after open on stocks with low floats and news. Currently, I am loving stockstotrade.com software. It was quite a blessing to me last month when I started to use it.

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MikelisJB
1
MikelisJB Mar 31, 20 6:41 AM

@buythebuy I tried opening accounts in both of them, but I can't. They didn't allow it because I don't have an American citizenship. And a lot of brokers don't have Latvia in their country of residence.

Reese
1
Reese Mar 31, 20 10:39 AM

Try speedtrader or interactive brokers

buythebuy
buythebuy Apr 01, 20 8:48 PM

Sorry I didn't realize citizenship was an issue.

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ragincajun83
ragincajun83 Mar 21, 20 12:30 PM

Appreciate you. and oooohhhh trust me. This is why I trade. I'm the fucken Gladiator.

DThaSavage
1
DThaSavage Mar 21, 20 2:23 PM

With all these plays its easy to forget about the PDT.. same thing happend to me this week with Etrade. Definlty a huge learning lesson. We will definitely bounce back

ragincajun83
ragincajun83 Mar 21, 20 2:35 PM

Oh for sure! I'm glad that I'm able to coach myself and correct the behavior! Definitely looking forward to next week!

TradeSmall
TradeSmall Mar 22, 20 6:49 PM

"... I didn't cut my losses because but I didn't want to 'waste' another day trade..." That was me Friday, my 5-7% risk turned into a 26% loss. LOL

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buythebuy
1
buythebuy Mar 12, 20 9:57 PM

Hey I know how you feel. Especially when I attempt to go short on a stock. If you look at my trades, you can see by my trades a short burned me the worst. Yet, it was a short that that start my turn around from overall losses to turning around and going back into the green. GLTY friend. I hope you make bank in the future.

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buythebuy

Things I learned this week. 1. Even stocks that trade on major exchanges can have fake news. $NNVC is an example of that. The fat fingered mistake I made on that is a great example. 2. Trading with a smaller percentage of my account can still be very profitable since losses are smaller. 3. What you think is the perfect set up can still lead to a loss.

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buythebuy

Over the last week, I traded stupid and lost all of my profits. I am challenging myself in the weeks ahead. I am going to follow a set of rules, and trade smarter. I am going to trade smaller amounts and cut losses short. Here is my strategy going into next week: 1: Look for crazy green spikes after hours 2: Short into weakness on companies with terrible earnings history. (Basically junk companies) 3: Hold overnight 4: When in doubt get out. 5: Buy to cover in morning panics or premarket panics. This chart pattern is what got me into profits this month and I deviated from it. I am going to be more disciplined and stick to these rules.

buythebuy
buythebuy Mar 04, 20 7:06 PM

Okay I did deviate a little from my plan today. I dip bought some pm and flipped. I guess we will see how this goes tomorrow. I made money on some and lost on one. I think over all I made profit, but I will not know until I upload until tomorrow.

buythebuy
buythebuy Mar 04, 20 7:09 PM

I did however adhere to 3 of my rules today.

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