Gladiatortrader
Gladiatortrader Aug 16, 16 11:01 AM

Hey man, Yeah im down around there. I did take some time to paper trade this summer. I find it more beneficial trading live. Yeah it sucks losing but if i want to be a successful trader I believe trading live is better. Paper trading doesn't add the emotion factor in your trading decisions which is necessary for long term success.

Gladiatortrader
Gladiatortrader Aug 16, 16 3:37 PM

@Doncematic Trial & Error> I have seen the strategy work but sometimes i think the trade is there when its really not there

Join now or log in to leave a comment
Received 1 Karma
Doncematic
Doncematic Aug 16, 16 8:44 AM

@Pietrogaro Lol dude calm down please and read that I've tried to tell you that I'm not talking about investing. I'm talking about trading. You are talking about investing in bull markets, which is positive sum yes, I never denied that, and that's what investopedia is stating as well. The point I have been trying to make here and which you don't seem to get is that trading (NOT investing) is zero sum, especially considering the fact that everything will eventually come to an end

Doncematic
Doncematic Aug 16, 16 8:47 AM

and the point of this blog post, I need other people to lose in order for me to win, which is basic market principles in active trading. Let's keep this a healthy discussion, I respect your input and opinons, but please try to read what I'm specifcally stating before I make assumptions

Rollingball
Rollingball Aug 18, 16 10:07 PM

@Doncematic What happens when a company like $TSLA stock goes from 200.00 to 500.00 and is still climbing? What if everyone gains money because they all had long positions but some gained more than others?

Doncematic
Doncematic Aug 22, 16 4:38 AM

@Rollingball Sorry for the late reply, but here goes ;) You assume that it's a bull market, in which the stock trading game can indeed be a positive sum game, but if you think about the stock collapsing 2 years later in a bear market, then those people would lose it again. In my blogpost, I'm talking about actively day trading, not investing.

Join now or log in to leave a comment
_MrSal_
_MrSal_ Aug 11, 16 4:23 PM

@Spliff530 Thanks! I have gone through some of the how to make millions dvd and did not find a specific range.

Doncematic
Doncematic Aug 12, 16 8:04 AM

You have to compare it to the average trading volume. It's relative. A stock which trades 10.000 shares a day, and has a float of 1.000.000, then I'd say that this is not a 'low floater'. But if the average trading volume is 5.000.000 with a float of 1.000.000, then I do consider it to be a low floater. Imo, the float is small whenever the trading volume is bigger than the float

Join now or log in to leave a comment
Received 2 Karmas
ERtrader12
ERtrader12 Aug 12, 16 3:16 AM

microcapsearch.com is very useful for pulling up stats quickly. It basically links it to yahoo finance but still some other useful stuff in there. Also, I use IB so they have custom scanners you can use to pull up tickers that meet my criteria. finviz.com is useful if your broker doesn't offer a screener

ERtrader12
ERtrader12 Aug 12, 16 3:18 AM

@Doncematic has definitely been working for me lately. Also I never hold big size over night. Nothing over $1k.. I feel like the risk of it gapping against me is too great to hold any kind of size for a swing trade

bmp003
1
bmp003 Aug 15, 16 12:11 PM

Awesome! I really appreciate your tips! I have been looking at those websites you have mentioned already and they have been very helpful! And I agree with you as well, I never hold a big size overnight. Thanks again!!

Belve1965
Belve1965 Jul 21, 23 2:53 AM

If you are a Florida resident and are in need of a loan, then you are in luck! This blog is to provide useful information and guidance to all my friends who are seeking financial help. Whether you are looking for a personal loan, mortgage, or https://triceloans.com/personal-loans-florida/ any other form of financial assistance, this blog aims to be a resource for you. So, keep reading to know how you can navigate the world of loans and make informed decisions.

Join now or log in to leave a comment
Received 1 Karma
Pie
Pie Aug 12, 16 8:06 AM

You can have opinions, but on this case is not corresponding to the real facts. "The value of a stock can go up or down depending on the economy and a host of other factors, but ultimately, ownership of that stock will eventually result in a profit or a loss that is not based on chance or the guarantee of someone else’s loss. In contrast, gambling means that somebody wins the money of another who loses it."

Stivider
Stivider Dec 30, 21 6:20 AM

Basically, all people have a hobby, so I want to talk about mine, I play video games. And also, I want to recommend to everyone the site https://askboosters.com/g2g/ if you are also fond of the same as me, rather go over and see what it is about.

LukeMaitland
LukeMaitland Apr 25, 22 7:59 AM

If you're reading this, you probably know what trading is – it's when you give something to someone and they give you something in return. You get a shirt and they get an album or vice versa. You might be thinking "that's absolutely not true, what are you talking about?" It happens all the time, but even though it happens all the time, it doesn't make it a good practice.https://wingo11.com/rummy

Conetund1946
Conetund1946 Jul 16, 22 5:18 AM

Trading is a complex game that combines many variables and indicators. Most people think it's easy and all you need is luck. To check this https://mtltimes.ca/travel/places-to-visit-in-montreal/ and get more new things about games tools. However, when you look closely at trading there are different rules besides just luck involved in this game of chance. In fact there is more than one way to lose money while playing the stock market.

Join now or log in to leave a comment
Doncematic
Doncematic Aug 09, 16 1:17 PM

To me it seems like the risk reward ratios are actually pretty off. All these plays were already up a lot at the moment you bought, so the downside to nearest support was quite big already, and it seems like you're anticipating breakouts, instead of buying a confirmed breakout

timothysykes
timothysykes Aug 10, 16 12:02 AM

Nice post but removed links to outside websites

Join now or log in to leave a comment
Doncematic
Doncematic Aug 08, 16 3:33 AM

Are you not including commissions in your profit.ly P/L? For all of us trading with small accounts, I think you should really be true to yourself and include them here, cause they do affect your trades and therefore your entire mindset, don't you think?

Rollingball
Rollingball Aug 08, 16 8:47 AM

I haven't figured out how to do that

Rollingball
Rollingball Aug 08, 16 8:52 AM

That is why when I write my weekly review, I subtract $20 from each trade I made with E-Trade

Join now or log in to leave a comment
TravisGoodson
1
TravisGoodson Aug 07, 16 10:47 PM

It has two R/S over last year so that should answer your question. It's a traders stock not an investors stock.

Doncematic
Doncematic Aug 08, 16 4:23 AM

I would not fall in love with this one, but definitely keep an eye out. It has already gone up in anticipation to earnings. This will be volatily when they report earnings on the 9th of august. It has already spiked to the high 1's 2 months ago, so there is quite some short term potential I suppose. Just be aware, I would not predict earnings if I were you

Join now or log in to leave a comment
Received 2 Karmas
Doncematic
1
Doncematic Aug 08, 16 3:06 AM

and might help you with your patience issues.

andywilliams
andywilliams Aug 08, 16 4:22 AM

@Jason_Raposo Thanks for the advice! Will try that and let the rest ride. Much appreciated.

andywilliams
andywilliams Aug 08, 16 4:26 AM

@Doncematic Yeh that's the thing, when I lose I also have the added cost of commissions and when I win you can take off around $12 of any profit so my impatience is costing me big time when I have a winner as I need to wipeout losses plus commissions. My commissions are not included here on profitly but I keep a mental note of them and write all my losses in a trade journal. You are right, I should be thinking of this before I decide to take tiny profits next time and try to hold longer.

andywilliams
andywilliams Aug 08, 16 4:45 AM

@OceanRider Good advice! I usually have a price target in mind and more often than not I use previous resistance levels for that but I just don't hold. Might be an idea for me to set stop orders just below each target for, like you said, half the shares and then the exit is taken out of my hands.

Join now or log in to leave a comment
Page
of 4