Received 1 Karma
Abdou
1
Abdou May 15, 17 10:22 PM

I have not tried paper trading ,I have gone straight LIVE , there no problem trying though! If you kind of not confident enough to go LIVE ,you may consider ,going LIVE with very small positions 50 shares at a time once you gain momentum and confidence you can scale your trading .you need to test the waters dear trader. TIP dont test the waters with both feet,dont put all your eggs in one basket .Good luck ! Remember ,as Tim says CUT LOSSES QUICKLY IF YOU HAPPEN TO HAVE A TRADE GOING AGAINST YO

russbakr
2
russbakr May 15, 17 10:44 PM

Trading is easy. Pattern Recognition also easy. Mastering our own Psyche .. thats the true test

BirdsAreWild
BirdsAreWild May 16, 17 4:22 AM

That is the hardest part Russ and I am working on this. Focusing on investments of different kinds for over 30 years requires a different mind set than day trading. I will be a winner and will master this.

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Received 2 Karmas
DJStock007
DJStock007 May 17, 17 3:36 AM

hey guys I was just browsing around and here I am. Quick question, if you have a small account and your only allowed 3 day trades in 5 days, how do you manage trading? I feel obligated to only trade and hold at end of market because I have used my day trades already. Any thoughts?

YawnAlot
1
YawnAlot May 17, 17 10:00 PM

@WestSou If u have a decent account size u can do a cash account which has no PDT but does have a 3 day waiting period for ur funds to settle. Another option which isthe one i took, is to open a second broker. I have Etrade and Robinhood. I didnt make one trade today so keep that in mind. Its easy to jump in to a random play and hope it goes up. Discipline is key

Palmer
1
Palmer May 18, 17 8:24 PM

@WestSou focus on earnings winners that are holding gains and are consolidating at support areas and are starting to get volume for a possible breakout...or daily runners holding gains with price and volume surge into the close for an overnight hold to close the next day.

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