For all my first timers, check out my post on the MACD and how to use it! http://tradingtab.com/macd/
@agonzales1308 I need to work on patience and fear.. Even though I usually have good setups.. As soon as price moves against me I just get out.. Do you know a method I could use to stay straight and be able to take it if I get stopped out?
amg1308 Apr 20, 16 10:39 AM
mmmmmm well honestly that's kinda what makes trading hard. I'm still trying to master that, I actually started a blog for that reason, to get over my fear of losing money when I'm in a trade. I have awesome set ups, but because I got burned a couple of times before, I usually take any profit I can. Maybe it's bad of me, but I don't use stop orders, which means I have to be really careful when setting a trade.
BigK2539 Apr 20, 16 10:19 PM
You should use a risk calculator that you're okay with. I just researched it and that's what I'm going to use
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Who's your broker? @agonzales1308
amg1308 Apr 19, 16 9:10 AM
I use TDAmeritrade and Etrade
BigK2539 Apr 19, 16 11:25 AM
I'm thinking of using TDAmeritrade for my stocks. I just was wondering which one was better.
amg1308 Apr 20, 16 10:39 AM
They're both pretty awesome, you can short sell through etrade though
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I'm young and a technical trader just like yourself. My question to you is what technical tools do you use. I'm strictly just price action and Fibonacci, no news feeds or anything. @agonzales1308
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amg1308 Apr 07, 16 9:01 AM
I use macd, bollinger bands, moving averages, and volume. News feeds are pretty important, I'd suggest you have live news feed added to your trading screen.
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BigK2539 Apr 07, 16 10:37 AM
I'm mostly in Forex and Commodities. Stocks are just 12% of my portfolio. If that even. However just for my preference I've learned when the major news feeds comes out I just feel pure Price Action is the best route it's produced the best results thus far. Thank you for the feed back I'm glad you're doing so well.
amg1308 Apr 07, 16 1:30 PM
Thank you! and no problem, I really appreciate your insight as well. You seem more experienced and knowledgeable than I am, so thanks for your feedback.
BigK2539 Apr 07, 16 9:47 PM
No no.. Actual on the computer trading not much.. I've just started, but time put in to study is about 2 and a half years.
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Check out my journey to become a full-time day trader on www.tradingtab.com Thanks! :)
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@jmcglade21 I think getting familiar with the different technical signals have helped me out a lot. I haven't really signed up for any "learning tools", I educate myself by reading different books, blogs, and websites that I find on my own. The biggest hurdle was changing my thought process to accept a loss and not let it bog me down, analyze why the loss occurred, and be patient, I used to think that I had to trade everyday, but that just increases your chances of losing money if you jump into something without it meeting your specific "trade requirements".
Received 2 Karmas
@agonzales1308 what have you done to acquire the profit of 3,547.87 in just 3 months?
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@agonzales1308 just became a fully transparent trader today!
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