chrislaw789
chrislaw789 May 31, 17 11:33 AM

How do you enter trade so quickly because price moves so quickly. I am having problem buying when market open.

kiwulijana
kiwulijana May 31, 17 11:40 AM

you have to have your limit orders in place if you know there will be big swings on a stock... :)

chrislaw789
chrislaw789 May 31, 17 11:54 AM

when the price keeps increase then if you chase it then I end up with higher price and sell at loss

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chrislaw789
chrislaw789 Jun 01, 17 9:28 AM

thanks for help but I didn't get any stock. Please let me know what I did wrong.

FunkyTrader
FunkyTrader Jun 01, 17 12:59 PM

Not sure how I can help... just tinker with it one filter at a time.

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chrislaw789
chrislaw789 May 31, 17 3:39 PM

I am having problem entering a trade at the open because price keeps go up then if I follow it then it will be too high so I can't make profit. Please let me know what I should do.

lombardo141
lombardo141 May 31, 17 4:52 PM

I also had the same problem starting out and still do lol. The most popular advise is to use hot keys or set your limit orders in advance of the price. But if it moves so fast whats the point ? Its all about perception and slowing yourself down. I use the 5 min time frame because the one min time frame i realize tricks me into selling too quickly. Sometimes in a high volume runner its important to let the charts play out even if you get in slightly higher.

lombardo141
lombardo141 May 31, 17 4:54 PM

So to recap. Try practicing hotkeys(call your broker or you can google or youtube). Change your time frame to slow you down so you focus not only on price action but patterns. Hope this helps.

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CatBow

bought FNBC at .118 , 2000 shares. sold half at .18 then the other half at .21 was scared to hold longer

chrislaw789
chrislaw789 Jun 01, 17 12:56 PM

I am also from Canada, I just join Tim and I am using Scotia itrade. which stock screener do you use and how do buy when exchange opens because of our time zone. Thanks

CatBow
CatBow Jun 01, 17 8:41 PM

right now I am using Credential Direct (Interior Savings Credit Union) when I buy I am up and ready for market to open 6:30 am pacific time which is 9:30 eastern time. Unfortunately I do not have a trading account where i can buy pre or after market. But as a new trader I don't feel the need to do that as I am still new to this so do what I can within trading hrs.

chrislaw789
chrislaw789 Jun 02, 17 3:42 PM

do you enter trades when it open or do you for the first 15 minutes. Thanks

CatBow
CatBow Jun 02, 17 8:41 PM

first I do my scans the night before to see if there is anything within my criteria. then I look up the stocks to see what the companies are like, check the charts going back as far as 5 years to see if it spikes often. then I watch it to see what it is doing for the day check the news, etc. sometimes I get in within the first half hr, sometimes end of day. depends on what is happening. Again, I am new at this. am just testing the waters.

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Viphou1999

@brendabednar how much money do you starting ?

chrislaw789
chrislaw789 Jun 01, 17 12:31 PM

Hi Brenda, I am new and try to buy stock when it opens is very hard because it keeps increase and if I follow then I end up buying too high and loss intead of profit. Please give me some tips. Thanks

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