i am going to be trying a new system of buying stocks over $20 that trade over atlas 2million shares a day and will be trading a buy signal if green on the day at 9.30 open and if goes red at price open from 9.30 will short sell lets see how i get on
@Trowa01 hey so about that previous post about Suretrader, I was really eager to use it until I realized that it can have a lot of hidden fees. So I'm here to see if you know anything about these fees. I live in the U.S. and the reviews all say the brokerage is not that great because the executions are bad or something and how you can't get refunded for technical mistakes. Can you just give an overview of the specific positives and negatives?
i also tried to play the market like investors live that didn't help either lost money trying to trade like he does
not doing home work was another thing so it all adds up but if you look at my profit chart since may at its worst point its now grinding sideways and slightly making progress its a huge learning curve and a lot to learn but am making progress now and my losses aren't as frequent as they were i'm now more picky about my entry and just playing 100 shares at the moment looking to size up now i have got some sort of consistency again
Wow. This was actually very inspiring. Thanks for sharing your journey and your mistakes! So do you recommend me Suretrader all in all if I have $2000 to spare? I looked up the Dastrade Pro and it actually is really neat; it has all the stuff I'm looking for.
but can you paper trade with e trade? during the 60 days
@trader91 no, for paper trade I use thinkorswim
use sure trader cheap and cheerful loads of available tickers to short sell any questions feel free to message happy to help anyone been using them for over a year lots of experience with them swell if you need any help been trading for just over a year now
Free charts, level 2, practice account, watchlists, price alerts, live news, earnings calendar, and scans. Just create an account, no deposit required. http://profit.ly/5004NC
@stickdog thank you so much for your help they both look like really useful pages packed full of information i am ever so grateful to you thank you :D
finished green on the week nothing to trade today so not risking a trade for the sake of it lets hope for a more volatile monday
@Trowa01 Here's also a good starter for long puts http://www.investopedia.com/articles/optioninvestor/120401.asp
@Makalu hey there i am a novice trader do you have any info on options trading as it looks like you know them pretty darn well, i do not understand how these work really would appreciate any help as i am new to trading many thanks Rob (Trowa01) :)
Hi Rob. I was pretty lucky as my pop in law taught me a lot about covered calls (you own the stock and "SELL" premium) in the big bull market last year. One of the better books I refer to frequently is Samir Elias "Generate Thousands". In a nutshell, the short side of options mean you are willing to accept a certain price (the strike) in exchange for premium. The long side means that there is no assignment and that you have clearly set risk (only what you paid is your max loss).
I should point out, *(really like most trading), it's real easy to lose money on the long because you are leveraged at a 100:1 multiplier (1 option=100 shares) and you have to contend with theta (time decay). The safest options are covered calls-you cannot lose money, but there is limited upside.
I often use short puts to get into a position, here is a little more info to wade through. http://lambsofwallstreet.com/2014/08/23/mnkd-started-at-10-how-about-you/ I am still working this position and need to update this sometime, but it might give you an idea or just plain confuse you more. Paper trade some options to see how they work is my best advice
having a go at day trading and it is looking positive at the moment after a couple of weeks of reflection time
My trading blog investwithrob.blogspot.co.uk/
at least my win percentage is gradually rising although my trading is not brilliant it is getting there i have got two long term investments on the go and I do have faith buying them both as I see a potential rise both have crashed but I think I can see a good amount of risk to reward
Join now or log in to leave a comment