Did you consider your commissions and fees? That's a major thing to consider in your profit target. Especially with small share sizes.
And yes, ScrawnyB has a point too. Are you considering the buying power multiple? 731 sounds about right to be down margin-wise for a that amount of a loss minus commissions and fees.
From videos i watched says if i have buying power x4 this means i could buy 400 shares with same anount of 731$ even if initial deposit is lower than 500$, do i got it right?
But here i bought 100 shares x4 times overpriced and this confuses me.
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College debt for some, others just feel entitled. That sums it up for 90% of millennials.
@Pennytrader420 if ever you do Open up a TD Ameritrade account, be sure to watch @Arussell125 YouTube videos on how to use tools and set up your SCANS, use that until you've made enough money to buy a better SCAN.
I agree with GreTa. For new accounts TD gives you 500 free trades and the ThinkOrSwim platform in which you can see Level 2 info. Hope that helps!
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Hey bro I am right there with you man! I am 20 years old and I am truly motivated just like you man! Keep up the good work boss I will see you in the 7 figures!
Good luck to both of you! Learn it while you can afford to. It gets a lot harder when you try to do it and work a FT job also. Too many missed opportunities.
Hey same here buddy, I'm 17 and also working towards my BS in accounting. Planning to become a CPA!
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I can definitly say this job has taught me a few things, alot about perserverence and its given me a superhuman immune system as well as the ability to stomach smells that no man should. But on a serious note i appreciate the positive energy, and i look forward to seeing where this goes.
"Make every day a day for learning and investing in yourself. If you want radical results I believe you must put in a radical amounts of effort." Well said. Two weeks ago I quit my nursing program and now taking twice as much time to study for this. Passion resonates through words and actions. Keep up the good work!
congratulations jeremiahapple keep kicking ass im also going to start a youtube channel about my trading, book reviews, my philospies on life and what not. im looking to make big moves this year and im looking for people that are in for this movement.
awesome bandit, taking that leap of faiith
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Thanks! I'm trading slowly myself to try to put practice on small trades while I learn. How many hours do you feel you've studied/watched so far?
I've watched all the free content I could from his YouTube. It is inspiring. My most recent trade was TCW.TO that I got for an ASP of 2.08, currently just over 5.00. Im up around $40,000 but getting greeding and holding.
I studied for about two hours for a few months, went through trader checklist a few times and normally monitor the market every day even if I'm not trading to learn patterns. Knox take those profits man!
Two hours a day*






first green day probably not a good idea to short
Yeah. This thing is probably going to be a multi-day runner. Don't end up being a statistic like the bears from December, lol. I can't believe this junk is running again.
Second that--waiting to see what tomorrow's close looks like.
True First green day... Although all the chat rooms are saying there is no shares available to short
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