jscmal

[TimAlerts] Hi Guys.... today holidays. But if you trade also currencies the USDJPY is rising.

jscmal

[TimChallenge] Hi Guys.... today holidays. But if you trade also currencies the USDJPY is rising.

jscmal

@Gis4Gucci Hi, I see that you trade just a few amount of shares. How do you define the amount of shares for any trade, considering that the commissions cost of @suretrader is really high?

Gis4Gucci
1
Gis4Gucci Jan 03, 15 12:19 PM

I have $4.95 per trade up to 10k shares deal with them. And if you get bought out on the bid when buying and sell on ask when selling is minimizing ECN fees to $0.25 cents per trade. I use mostly 200-400 shares because it is giving me more leverage to exit losing trades faster. With entry on a good setup risk of trade going against you is minimal. Say I buy 400 shares at $5. My risk exit or hard stop will be at $4.95. And if a trade starts going in my favor I'll move that stop to $5.05 or $5.10.

Gis4Gucci
1
Gis4Gucci Jan 04, 15 11:15 AM

1Gis4Gucci Jan 03, 12:23 PM Profit taking starts at $5.25 and up for profit compounding. 5x$100=$500 on $2k invested is 25% return and $100 is easy to take.

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bank_a_tronic

@jscmal Thanks Girolamo :) Happy New Year to you and yours! I have been making myself trade small to turn my account around. 1 trade every 3-4 days (treating it as if it was a 25k account) so as to build my confidence slow and steady. I follow global finance and the outlook is rather serious. WE CAN get this. I just had to slow down and watch pattern after pattern-cutting out too much coffee helped too. Lets chat again soon, bro ;))

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jscmal
jscmal Jan 03, 15 10:16 AM

I am in stand by with trading too, just to focus more on study everything ... and be more confident.

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mthomas

[TimChallenge] $CYTK - I thought it was an OTC because i keep those in a seperate watchlist i accidently put it in there..

jscmal

[TimChallenge] if instead to invest yesterday losing $200... invest today shorting $GILD my account would just up a lot, maybe almost doubled

jscmal

[TimChallenge] I see that $GILD went down over $1 then if you get 200 but also 100 shares... in any case you can get good money

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