Received 11 Karmas
mrsunny
1
mrsunny Apr 23, 17 4:53 PM

Nice post. It really helps to build the confidence when you hear success stories

itsamiracl3
itsamiracl3 Apr 23, 17 11:55 PM

@mrsunny Thank you! Don't get me wrong, it's not a lot of money yet and anything could happen but def getting there!

asfricksrs
1
asfricksrs Apr 26, 17 9:35 PM

Thanks for the inspiration from another noob!

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Received 2 Karmas
DevastatorX
1
DevastatorX Feb 27, 17 7:09 PM

I am starting with a small account, between 3K and 5K, and my strategy just starting out is to go for 1 to 3 trades a week, so I think I am going to go with a margin account, because I would rather have the funds available when I see the opportunity than have to wait days for them to clear and hope for another opportunity. This might change as my account size grows, and I might change to a cash account in the future.

Fox_Trader
2
Fox_Trader Feb 27, 17 8:47 PM

Everyone is different and each person has there own special niche type style for trading. All of my accounts are Margin. Got sick of waiting for funds to settle with cash accounts. Having more accounts will give ya more Day trades, the majority of the time I'm not depleting my Day trades. My largest wins percentage is only 6 percent of my trades. I'll make more by focusing in on larger moving plays. Try it.

DevastatorX
DevastatorX Feb 28, 17 1:21 AM

You could also think of it like this- with a cash account your weekly purchasing power is 6K at most, as I believe it takes 3 days for funds to clear... with a margin account it's 9K, if you were to make 3 trades with 3K. So there is more potential for exponential growth, if you pick the right plays. And I like the idea of multiple brokers, I believe that's what Tim G did when he was just starting out.

itsamiracl3
itsamiracl3 Feb 28, 17 9:23 AM

@DevastatorX Ya I understand what you mean - I'm not really a fan of trading with the brokers money at this point tho. Only reason I'd consider margin is simply for the shorting ability...

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Received 1 Karma
itsamiracl3
itsamiracl3 Feb 27, 17 5:30 PM

@novaking you're welcome!! I had one scare and that's all it took when I woke up to my broker saying I owed $25k lol

novastox
novastox Feb 27, 17 7:34 PM

25k to get out of the PDT? with out it ur broker was no going to let u trade anymore?

nmhunsa
nmhunsa Feb 27, 17 7:43 PM

Just for future knowledge, it's a five day rolling period for the PDT. it doesn't reset every trading week.So it takes 5 trading days from your last day trade to get out.

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itsamiracl3
1
itsamiracl3 Feb 16, 17 4:38 PM

Hi @TickerJesus - don't be worried...CNBX is an OTC stock and those don't trade after hours. I believe this happens when market makers adjust their books for the day :)

TickerJesus
TickerJesus Feb 16, 17 4:52 PM

I hope so. But I am skeptical. I just cant believe I can't find any news. We will see.

itsamiracl3
1
itsamiracl3 Feb 16, 17 5:10 PM

@TickerJesus they will "trade" pre-market but that's whats nice about an o/n hold on an OTC is you don't have to worry about it until morning. A quick google search should clear it up :)

TheBULLet
TheBULLet Feb 16, 17 5:33 PM

Don't worry, it just went back up to the level it was at when the market closed. lol for now anyways

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Received 5 Karmas
JohnnyIN
1
JohnnyIN Feb 18, 17 3:45 AM

This was indeed a beautiful setup @$6.08. It held support from previous fake out and red candle @2:40ish also held support of last 3 minutes. A solid play at $6.08. And your thesis was good...very solid price action leading to eod. I know the pain of those pullbacks tho man! Lol you get used to them and let them run their course before reacting. You could have survived both...but the pain! Lol

JohnnyIN
1
JohnnyIN Feb 18, 17 4:05 AM

My 2nd trade TBIO...very similar to yours. Eod 10 min to go...2400 @1.10/share. The second I bought it plunged $.12. Before I could think of what to do it began up ticking. 8 minutes later it hit $1.52 and I got out; panting, shaking, sweating, heart rate of a 120. Lol had I been relaxed I'd have noted it finished spiking and continued into a/h where I could have made $400.

JohnnyIN
1
JohnnyIN Feb 18, 17 4:08 AM

Paper trading is good my friend but does nothing for emotions...need skin in the game to learn that side of it.

AngelTrades
1
AngelTrades Feb 19, 17 6:16 PM

@JohnnyIN Thank you for sharing your $TBIO trade haha I agree that it is very similar to my trade on $CLD. And I agree with your opinion on Paper Trading. It is good but it does nothing but give you a "somewhat" feel for the real thing. You need to actually trade to work on your profits.

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Received 2 Karmas
alealvarez
alealvarez Jan 08, 17 8:00 PM

Hi Palmer, wouldn't you take a trade if the volume bar is big but red instead of green? Can you tell us a bit more about you prefer them to be green?

alealvarez
alealvarez Jan 08, 17 8:02 PM

Hi @Palmer , in the case there is 100K volume but the bar is red instead of green. Wouldn't you take that trade? Can you tell us a bit more about why you prefer the bars to be green? Thanks

Palmer
Palmer Jan 14, 17 5:48 PM

If the volume bar is red that means the price for that bar closed lower than the open - the bears won the bar. I would like to see a green volume bar because that tells me that the price closed higher than the open = bulls win. It doesn't necessarily mean that price will continue to fail but on big volume I want to see my volume bars green = bulls are in control.

alealvarez
alealvarez Jan 16, 17 10:00 AM

Thanks @Palmer . Thought that my first comment didn't get published because of internet connection.

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Received 3 Karmas
Pandabear
Pandabear Dec 08, 16 5:42 PM

@itsamiracl3 Yep. I just TOS, Yahoo Finance, Twitter and the chatroom. I'll send you a screenshot of my scanner now.

Pandabear
Pandabear Dec 08, 16 5:42 PM

@itsamiracl3 That's all I need because any more stocks and I'll be overwhelmed. :)

itsamiracl3
1
itsamiracl3 Dec 08, 16 7:53 PM

@Chongette32 perfect! :) and thank you for the screenshot - I had mine setup very similar; good to know! :)

Pandabear
Pandabear Dec 08, 16 7:55 PM

@itsamiracl3 No problem. :) You can also add the study filter for unusual volume but it normally comes up with the same stocks as the highest percent gainers

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