SuperMario8

Hello Guys, I just wanted to add that learning how to read Level II is critical to your success as a trader. Without Level II is almost like trading blind, because it is hard to predict where the stock is heading without looking at the Bids, and Asks, and their sizes. I recommend you to YouTube free video tutorials. Level II was the reason why I was able to dip buy LQMT at the right time. That's the reason why I been losing the last trades, I been trading with my TD mobile app, using my IPhone, which does not show the full details of Level II. Have a successful trading week. SuperMario8

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SuperMario8

I just wanted to post a couple of things that I think could help the Traders who are following me. From my past big loss on ELON I have learn that knowing how to buy or sell on the pre-market is very important. I personally called Interactive Brokers and TD Ameritrade so they can tell how to sell the pre-market. If I would of known how sell the pre-market I would avoided a big loss on ELON. I was long overnight on ELON, and it gapped down at the open. Lesson learned now I know how to buy and sell pre-market. For those who want to know, if you have TD Ameritrade, look at Time-in-Force when you place a trade. When you choose "EXT" that means that you can buy or sell pre-market. For those who have Interactive Brokers and use TWS you need to go to File Global Configuration => Presets => Check Mark Allow .......... Call customer service for the full details. Have a successful trading week :) P.S. For those of you who were wondering why I haven't traded this week was because I was waiting on account transfers into my TD account. I got a margin call, because of the PDT rule. All my transfers have finally gone through and I finally don't have to worry about the PDT rule. Yay....:)!!!!

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johnross
johnross Aug 27, 14 7:20 PM

Pre-market is a good way to lose money. I have done it. Nathan Michaud posted something recently saying that it is a good idea to avoid trading Pre-market. You can open an account w/IB with $5000, but it will be an IRA account & no shorting allowed.

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timothysykes

-$9,786 loss CNTO Short Stock

Entry comments: Reshorted for probable fade into the market close and ideally finishing at or taking out the day lows for bigtime panic tomorrow...gotta love when pumps put up a fight after a huge down day, all dip buyers will likely get crushed tomorrow

Exit comments: Got a bit greedy with all my recent success, but I don't regret pushing it...cutting losses quickly since I'm wrong here, might tank later, but price action is eerily similar to the day it bottomed in the $1.30s and it kept rising from there...just no morning panic like that day :(

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Chrisman879
Chrisman879 Jan 15, 14 5:11 PM

Lol im glad I read this. I was going to dip buy.

freshprince
freshprince Jan 16, 14 8:27 PM

Tim which broker did you use to trade CNTO and VEND yesterday and today? None of my brokers had any including Suretrader

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Chrisman879

@Chrisman879 welcomes you to their trader wall!

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Chrisman879
Chrisman879 Jan 01, 14 3:39 AM

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SuperMario8
SuperMario8 Jan 01, 14 1:38 PM

I understand, when I started trading I also lost money. I have been actually investing/trading in stocks for the last four years. SuperMario8SuperMario8 Jan 01, 2:36 PM I found Profit.ly, which I think is pretty awesome if you want to learn. So if you have any questions feel free to ask me, I will do my best to help you.

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