Hello traders.
I have proved my friends and relatives right. Trading is a mug's game. I have tried to prove the existence of you profitable traders with your screenshots, brokerage statements and blogs on how you trade and your thought process but because of my losses, I now look like an idiot and you guys are simply lucky trust fund babies in the eyes of those around me. I am distraught.
My trades today: UQM, contract winner moved from tier 2 to tier 1, meaningful, failed to gain volume, lost 4%. Fair enough.
NAKD I bought the dip of a forming cup and handle on news and volume. Bread and butter pattern at 1.20 sold at 1.95. Maybe I chased and should've bought at 1.90 but didn't wasn't to be faked out as I have been a few times before. Tim's patterns DO NOT WORK!
I have to say my trading was all over the place, I was watching PULM but as soon as it took off after the brief red at 9.42am, I was watching other movers with my STT scan.
Farewell, thanks to those who supported me and gave me advice. I never wanted to give up but I have no capital to work with. Being a millionaire is just a faint dream for me. I have no skills that can earn me enough money to rebuild a bankroll to trade with. I have no money for a car to go to uni, I have next to nothing. Thats it.
Edit 3/2/2017: I am never giving up on the dream, repeat never. I have the passions to continue with my plan, I will continue studying and being active on here though I might be paper trading much more then real trading. I intend to mix up the two and only completely real money trade once I am consistantly profitable paper trading and once I have topped up my real money account.
Read over and review. Commissions are the killer of small accounts. Cost on average 8-12 a trade on commissions. componded onto loses it adds up fast. On small accounts you must not over trade and be very selective when entering a trade. Good luck
Don't give up. I'm looking at both trades. UQM need volume to push it back up but it's hard with a medium float stock on low volume. To answer if NAKD was a chase, it was if you bought around 10AM. You need to buy at key breakout levels. The better buys would be at the breakout of 1.70, 1.80 or 1.90 if you missed it. Look at my charts from today for entry points.
I just read your last paragraph. You're still young, so don't give up and just keep studying. You've only made 33 trades! Just come back when you've got some money saved up. And by then you'll have more knowledge, just keep studying if it's your passion
@Chongette32 I bought at 9.40am USA eastern time. I'm not giving up, thanks for advice, I have 1/3left, was just saying to another trader It could be much worse, I can top up my money and paper trade and continue studying. Thanks for the motivating comments.
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