@MarxistTrader hi Mrmarxist,first of all a big congratulations for such healthy profits.i would love to get a reply from you as i am a beginner trader and a newbie to profitly.i have been reading books and watching dvds and i want to do virtual trading first on a real time trading platform,is it possible?
@TannerBowls Awesome last 2 trades, what changed?! are you trying something new.it seems to be working, nice man, keep it up!!
@billysreign Ok that's a lot of what I have been doing right now. How much money do you recommend starting with?
i think 10k is a good number. gives you room to make mistakes without completely blowing up your account. I'm still fairly new as well but I've gotten the education first and practiced, practiced, practiced paper trading prior.
bc futures is leveraged its a double edged sword. you may be able to make a lot per point but you can also lose a lot. discipline is key. I'm still working on my patience as usual lol
@billysreign yeah thats always a big obstacle in trading haha. How many ticks/points are you going for on an your average trade?
@TannerBowls Awesome last to trades, what changes, you trying something new?! Looks awesome man, keep it up!!
@TraderH Hey I've been getting into scalping the ES and noticed you do something similar. What futures broker are you using?
NinjaTrader
Cool thanks, how much money are you using if you don't mind me asking
I recommend $7500 to $10,000 per 1 contract traded. Anything less and you risk blowing up and getting margin calls.
[TimAlerts] Anyone looking at $FSNN for tomorrow?
Well I also look for ones that are having a slight volume increase from what they normally trade, which is an indicator that is is/will break out and get more volume the day of the breakout @TannerBowl
And thanks were all here to learn @Corintio1982 , just glad I could help
@BowlesTrader5 ok thats cool
Good pick today man.. RWLK ... Nice Volume ... Broke out multiple times
Seeking alpha, stocktwits, Finviz, are all great resources as well. Good luck!
StocksToTrade is Tim Sykes' software, its coming out soon. Equityfeed is great but a bit spend. If you want a free one use ThinkOrSwim, they have a free 60 day trial. I currently use that
Thank you so much for the feed back guys, I was talking about more along the lines of free desktop software.
Im using Etrade pro
[TimAlerts] wish CLDN had more volume
[TimAlerts] looking for a morning spike on $ENPH
Yes, also today they're just is not many plays, normally I can make a watch list of 5-8, today it was 3
Yeah!.. You watching the same stocks?
I post watch list every night for the next day, if you want to take a look at those, those are what I'm watching usually throughout the day @teentrader
Way to keep those losses small man, should've made $100+ this morning but walked away for like 2 mins and missed it lol
Your best bet is downloading TD Ameritrades platform and using their paper money service on Think or Swim
I use ThinkorSwim to trade and it has that capability. I think it'd be helpful to get some practice on paper, but there's no substitute for experiencing the emotional swings during real trading.
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