Received 3 Karmas
Jonk87 Dec 10, 16 8:11 PM

I'm not a profitable trader I had my first break even month last month after 5 months of losing and I think you need to stop scalping all together. You will be getting destroyed by commissions and it's just not good ROI. Limit yourself to two trades per day MAX. Sometimes there may be no great play for an entire week! If you do this you'll at least break the downtrend you're currently in.

petwyt1218 Dec 10, 16 11:48 PM

Is it possible that the only reason you're scalping is because your scared of losing? I did that when I just started trading. The second and stock did what I wanted, I got out of the trade to lock in profits. And the second a stock dipped I sold out of fear.

petwyt1218 Dec 10, 16 11:50 PM

I lost a lost of money like that. To combat that I now trade with a 500 dollar position size on robinhood. That's right, position size not risk amount. I'm trading with this little to help curb my fear. I'll be OK when I'm down 30 bucks but not when I was 300. Maybe something you could try instead of paper trading which takes out all the emotion?

ClaireSky Dec 11, 16 8:37 PM

Thank you all for all your comments. Much appreciated!

Join now or log in to leave a comment

[TimChallenge] I searched first through all the pre-market EW of Nasdaq, and than read every news of each stock to get a better feeling what moves in the market, $CBK did best, $FRAN was not good etc...


[TimChallenge] $CBK I did research the last 2 hours, this is the best one i got from all the pre-market EW. in the SEC you can see that the just made smaller losses in total, but still the the increase the net sales with 10%, would be good buy, I have thought about buying it at 8:30 but I am to chicken shit...

of 6