Received 3 Karmas
Palmer
Palmer Jul 15, 17 8:04 AM

Do you have a solid system that you have been trading for a few years that is at least 65 to 70% profitable? Are you finding plays on your own or trading off of chat-room comments? You must be self sufficient 95% of the time and the other 5% being maybe what another trader mentioned. Nothing wrong with that.

Palmer
Palmer Jul 15, 17 8:07 AM

The point is...write down how much things cost you every month and then maybe add another 25% of "just in case" money and then determine what size account you need to mechanically make enough $ month after month after month. A large account is easier to sustain yourself because you can take larger positions and still look for the same 20 to 25 cent move...sounds like Tim? Yup. He can take larger positions but he still maintains the same profit goal.

Palmer
Palmer Jul 15, 17 8:09 AM

Some people trade to supplement income and I think that is what most people do. But, if you are younger late teens or early 20's you are in the better position to do this for a living because you have less responsibility and have more time to learn all of this. Some of us, including myself , are doing this so when we retire from out real jobs our next job, which a lot of people have to do, would be to trade the markets.

Palmer
1
Palmer Jul 15, 17 8:10 AM

It all depends on your current 'life situation' to give ourselves a reality check if we want to trade for a living. It's a lot easier said then done but a LOT has to be taken into account for it to become a reality.

Join now or log in to leave a comment
Received 1 Karma
aidan222sharpe
aidan222sharpe Jul 07, 17 1:47 AM

Hey! check my first video lesson on a pattern I trade all the time, I only trade 3 patterns on the long side and they always give me 10%+. I will post the 2 other video lessons soon on the other pattern but I think the one I posted will help you out a lot

aidan222sharpe
aidan222sharpe Jul 07, 17 1:48 AM

its a pattern that occurs a lot with good risk/reward and a clear level of when to cut losses. You will know when the pattern is going to fail usually and you can get out with a small gain or a small loss

spidereyesoup
spidereyesoup Jul 07, 17 8:59 AM

@Khermus Thanks. This is something thats hard for everyone and its a journey that feels as though is taken alone, which seems to make it harder.

Join now or log in to leave a comment
Received 10 Karmas
Nathan_casey
1
Nathan_casey Jun 26, 17 8:51 PM

Only made 285 on a 700 dollar position... lol

VRedd
2
VRedd Jun 26, 17 9:01 PM

Bruh. You just made 40%. The statement should be "Made $285 using only $700"

Emertrader
Emertrader Jun 26, 17 9:15 PM

Good job man , I'm going thru the same process right now ... it took me a while to figure out .

Noble1222
Noble1222 Jun 27, 17 7:37 AM

VRedd - thx for clarifying - I'm going to try to screen shot the line in schwab and post it here.

Join now or log in to leave a comment
DrOzz

@dux Hey man, no stupid ass questions, just letting you know you're the man. Very inspirational. Thanks Brother.

Received 1 Karma
asefporl
asefporl Jun 15, 17 4:08 PM

the questions in this wall arent stupid ass questions

spidereyesoup
1
spidereyesoup Jun 15, 17 6:12 PM

Hehe maybe not stupid but many ask the same stuff over and over again. Thats kinda stupid

Fox_Trader
Fox_Trader Jun 17, 17 7:23 PM

All of the questions that are asked can simply be answered by reading all of the posts. I enjoy Steven being on here I just hope he's not run off by being bombarded with questions.

Join now or log in to leave a comment
Received 23 Karmas
Giants_Slayer
1
Giants_Slayer Jun 07, 17 1:34 PM

but its a lot of hard work and time consuming

Giants_Slayer
1
Giants_Slayer Jun 07, 17 1:35 PM

if you want to work together DM bro so we can finish it faster together

WizeFool
1
WizeFool Jun 07, 17 7:16 PM

@Momo_Trader It's interesting that he says that. I imagine that as he became a more refined trader he has slowed down to 3-4 trades/week. I think shorting as the main play is a no brainer really, they are pumps, or way overextended buying. Shorting the bounce on a pump too, all of these plays put the odds highly in your favor to short.

WizeFool
1
WizeFool Jun 07, 17 7:17 PM

@Momo_Trader I am super busy so working together may not pay off as fast as you or I would like it to, however being accountable for some progress every day wouldn't hurt. I'll have to think about it, but either way I appreciate the offer! :)

Join now or log in to leave a comment
Received 5 Karmas
donebeingpoor
donebeingpoor Apr 25, 17 4:28 PM

Good Luck, you're doing it the right way in my opinion. Lots of unforeseen obstacles which deepens the learning curve jumping in live without experience.

april4
april4 Apr 25, 17 8:57 PM

@GreTa how to get rid of 20 min delay in TOS?

GreTa
GreTa Apr 26, 17 12:37 AM

@april4 In you TOS Platform, click on CHARTS, then go to your upper right hand corner where you see SETUP, click on the WHEEL, then click on APPLICATION SETTINGS, scroll down to SYSTEMS, click on that, and then click on QUOTE SPEED, select REAL TIME (no delay). Try that first.

GreTa
GreTa Apr 26, 17 12:39 AM

@april4 If that doesn't work, call them and ask for Real Time Data on your Paper-Trading Account, they're usually happy to Oblige, but first try the steps above, it will only work if you have a funded TD Ameritrade Account.

Join now or log in to leave a comment
Received 3 Karmas
spidereyesoup
2
spidereyesoup Apr 11, 17 12:35 AM

Have you been paper trading all this time? You have many posts.

AngelTrades
AngelTrades Apr 11, 17 12:08 PM

@spidereyesoup Yes I paper trade but these passed two weeks have been horrible for me to find time to do anything trading wise, since College is a big part of my life. I haven't had time to post. I'm stopping these daily posts for now as I am motivated enough to keep trading without them.

AngelTrades
AngelTrades Apr 11, 17 12:10 PM

@spidereyesoup I used these posts to keep me going foreward but now I'm at enough knowledge of trading that I can continue my journey without them.

AngelTrades
1
AngelTrades Apr 11, 17 12:10 PM

I'll keep posting but only when I make trades or something important happens.

Join now or log in to leave a comment
Received 2 Karmas
bigman
1
bigman Mar 13, 17 11:49 PM

Good point. Even though Tim says to "trade scared" it is important that fear not be one of the leading emotions you trade with. When he says "trade scared", I think what it means is to always be aware of risks, always be prepared for shit hitting the fan, etc. Confidence is important!

friesian
1
friesian Mar 14, 17 7:30 AM

thx for sharing. I think that actually no extreme emotion is good for trading - neither fear nor too much of confidence or expectation. Also Steve Nison talks about it in his book about candle sticks - just started it yesterday.

Join now or log in to leave a comment
Received 3 Karmas
MetalHat
1
MetalHat Feb 26, 17 2:49 PM

Going to order this one to read next. Finishing up "Chart your way to profits" right now. It's a decent book on chart analysis. I'd like to have "Trading in the zone" on my shelf and ready to pick up as soon as I am finished with the other one.

redcandles
1
redcandles Feb 26, 17 5:24 PM

@MetalHat There's an audio book on youtube for it. It's like 8 hours long but it's really good.

JWStocktrading
JWStocktrading Feb 26, 17 6:26 PM

Just started the audible for that book today. Blown away by how much I can relate already just in chapter 1 and 2

Join now or log in to leave a comment
Received 4 Karmas
huperauxano
huperauxano Feb 26, 17 2:02 PM

Put in a LIMIT order not a MARKET order - where you can specify exact number instead of letting brokerage houses screw you on the spread. Welcome to the party!

JWStocktrading
JWStocktrading Feb 26, 17 6:33 PM

Great video! So funny hearing your story. I've got caught up the same ways lol. Don't do market orders. LIMITs ONLY

Deep
1
Deep Feb 26, 17 8:08 PM

good luck man you got yourself a new follower :)

Join now or log in to leave a comment
Received 3 Karmas
spidereyesoup
1
spidereyesoup Feb 26, 17 9:52 AM

I like The Complete Guide to Day Trading by Markus Heitkoetter. Talks a lot about how Important the strategy is you use to trade and has lots of good tips.

captainadjuster
captainadjuster Feb 26, 17 7:13 PM

Thanks guys! I've downloaded "The Complete Guide" and "Trading in the Zone" I'll get them done this week!

spidereyesoup
1
spidereyesoup May 02, 17 12:08 AM

How were they? I recently read Trading in the Zone. That ones the best.

captainadjuster
captainadjuster May 02, 17 1:48 PM

I read Ross Cameron's "How to Day Trade", it was informative and more an instuction book on his strategies than anything else. I'm just starting "The Complete Guide" I find his writing to be a lot less dry. I can't say much more about it yet.

Join now or log in to leave a comment
Received 6 Karmas
kgarcia
kgarcia Feb 25, 17 5:13 PM

Good luck. focus on finding one winning strategy that suits your risks. Some people short some people long. I personally hunt for earnings winners and watch for a morning spike and enter during the pull back or I watch for a morning panic and enter on the first green candle.

Garrick
Garrick Feb 26, 17 11:53 AM

@kgarcia Thanks man. So far I seem to be long biased. However, I want to learn to short.

Join now or log in to leave a comment
Page
of 3