chris256

@kroyrunner hey tim I have a small account and have to follow the pdt rule so I have been trying to hold more stocks overnight so they wouldn't count as day trades. I was wondering what stocks/patterns you hold overnight and what stocks/patterns you would never hold over night because they might gap up overnight. Thanks

kroyrunner
kroyrunner May 17, 15 6:33 PM

sorry but i really don't swing plays much these days, if long i'd only swing a multiday breakout setup, for shorts maybeee if it's after first red day on a way overextended daily chart

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chris256

@jollar I was wondering how do you decide how many shares of a certain stock your going to buy? In other words how to you control position sizing? I'm new to trading any help would be appreciated

jollar
jollar Sep 14, 14 1:05 AM

I never use more than a third of my account on any trade. It really depends on your level of comfort with each tick. 1000 shares is $10 gain/loss per penny move. So, if you freak out over a $100 loss, after a $0.10 move, then you're trading too big.

chris256
chris256 Sep 14, 14 1:58 AM

thanks. I read in a blog that using the equation (max loss in dollars/risk in cents) equals the number shares you should buy (explained in this blog http://www.tradetheticker.blogspot.com/2014/02/question-what-technical-indicators-do.html). I'm still paper trading and i use this equation to calculate how many shares I should buy and sometimes I just feel out the trade by the chart to decide how many shares i haven't yet figured out which works best just thought i would share and get an opinion

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chris256

@chris256 just became a fully transparent trader today!

Kurdman
Kurdman Jul 21, 14 5:18 PM

Welcome to Profit.ly - thanks for following me. I have been part of the site for the past two weeks as a Trading Challenge student. Reach out if you have any questions. Cheers - Kevin

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