Started account with 1000.00 on E-Trade and have made 19 Trades and in one now that I am holding over night. Looking back made some good trades, made trades on impulse and made trades that just did not do what I had anticipated they would.
All trades so far have been long and mostly overnight/swing trades. I try to use day trades to get out of a bad trade or to take profits if its at my stop point. I am learning to watch a ticker and get some familiarity with it. Especially a stock that is trending upward is good to watch daily and learn the supports, resistance it establishes. I like to buy the dips and sell for quick profit.
I am new so things may change but I have been successful at sticking to a single stock that is trending upward. I believe it would be similar if my account was large enough to short that watching a stock trending downward and getting familiar with its support, resistances that are established and short as it drops could be profitable.
My first goal is to double the initial 1000.00 in less than 6 months. I'm sure another post will follow the day my account reaches 2000.00 and the next goal will begin to double the 2000.00
Anyway, hope your trading is successful and your goals are met! Happy Trading
Join now or log in to leave a comment