rickyorea

Hey guys, I'm still not confident enough and afraid to start with the trading. For all the beginners out there, could you share a tip or two where to start? Thanks!

Jasrai
1
Jasrai May 30, 18 1:25 AM

paper trade at first to see how it feels being in a live trade. write down everything to why u entered to why you exited. the reason for the trade... everything. see what patterns you like such as dip buys on morning panics or shorting once support fails. then open a small account and just try to have green days. dont try to make 100-1000 off the bat just trade small ad most likley youll just break even with commissions. but once you know what works then open a bigger account and size into your

rickyorea
rickyorea May 30, 18 9:00 AM

Thanks, this is very useful info.

rickyorea
rickyorea May 30, 18 11:36 PM

@Jasrai hey just another question. What criteria do you suggest to use for scanning which stocks/ticker to look for potential trading? Thanks again...

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rickyorea

@RolandWolf hey, you talked about the overnight holds in the StocksToTrade podcast, could you share a little bit more detail on what to look for to consider a ticker to be worthy of overnight hold? Thanks in advance. :)

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Tradestocksordietrying
Tradestocksordietrying Jan 08, 18 8:51 AM

@rickyorea if I’m not mistaking that’s what he said on the podcast, it might not been the exact way I said it but it was something in that nature. I watched it One and a half times

Kody
2
Kody Jan 09, 18 11:03 PM

@rickyorea I got some notes on my computer from Roland's content and this is what I have for his over night holds (in no particular order): Closing strong, good catalyst, not too much overhead resistance, and a history of 2-3 day runs. Hope it helps

jweezy1016
1
jweezy1016 Jan 11, 18 5:11 PM

@rickyorea... %gainers, catalyst, room to run on chart (not much o/h resistance), 1st Green Day and closing at highs

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rickyorea

@markcroock hey Mark, I'm from Canada and I just joined the challenge, which broker should I use to open a margin account? Thanks!

jak3All3n
jak3All3n Jun 20, 17 10:54 AM

@rickyorea tim recommends interactive brokers and etrade but here in canada, only interactive brokers is available

rickyorea
rickyorea Jun 20, 17 10:57 AM

Thanks! How about Questrade, this is the one that Val from one of the admins recommended?

jak3All3n
jak3All3n Jun 20, 17 11:00 AM

@rickyorea i'm with questrade currently, no complaints with buying, i'm new, haven't done much shorting but i hear it's not good for that

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thesaint_incanada

@Slayer Hey Stan...have you looked at Questrade? Commissions look good. I am going to try their demo platform and see how it looks. Nice trades today bud.

NIN
NIN Aug 12, 17 5:39 AM

I live in Australia anyone know who I can open small account with?

rickyorea
rickyorea Aug 13, 17 9:10 AM

@NIN, email admin@profit.ly, they should be able to recommend which broker to use in AU

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