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.

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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.

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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.

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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
1
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.

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