And look at the volume also
@Willthetrader i do take float into account. I tend to look at daily gainers, PM gainers, 52 wek high. All with a news catalyst. I also look at Ichimoku breakouts.
chimoku breakouts , what is that?
@Willthetrader ichimoku cloud is a type of chart indicator like bolinger bands
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Only thing i can say is try to niche down on the patterns that you see and are comfortable with, there really no need to trade more that 3-8 times per week, if you pick the right plays. Like mark crook, 6% of his trades make up most of his profits.
You will make more money if your focused structured trading by the rules. First off you need to get another broker. After you have switched brokers need to work on yourself. Should only be trading the perfect setups. I only trade about 4-7 trades total throughout the week.
Thank you guys for your tips. you guys are right i have made more profits on setups thats im familiar with. I have to really be choosy from here to avoid a disaster.
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It wasn't a strong support. However, It was very close to the opening level and comfortable enough for me to take some risks. My biggest mistakes I believe were poor execution on the right entry and random pick up of an exit level with no chart relevance.
I recommend tim G's dvd, it changed my whole concept of support and res levels
Thank you
pleasure bro
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stockstotrade....with Tim
If I were just starting I would go with IB and http://stockstotrade.com/ I am currently using IB and Etrade for my data, but I will probably get STT one of these days.
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Welcome man! good luck! if you plan on getting around or less than 1k shares most of the time, IB is cheaper at .005 per share, unlike Suretrader, even if you only want like 600 shares (with IB thats $3) and with suretrader, that trade might not be worth it after commsions. If you are worried about pdt you can also open a Robinhood account. On a cash account NO PDT. And no fees at all. Good luck!
Haha yea man, i thought i was grinding out good, breaking evem most times, until the fees came in haha @TechnicalTicker
@yawnabit I bet, I was going to start with SureTrader, but after I ran some numbers - commissions, fees, platform cost, withdrawal fees; it was not worth it (for me personally). Trading alone has enough emotions, so all these little things add emotion alone because you are kind of force to trade to make sure that having the account just active/open is worth the cost. So I decided to save a bit more and just go straight to Interactive Brokers.
Smart move, i got that apifany AFTER i put most my money in suretrader, i use their free platform tho, TOS/STT are what i use for charts. I just know IB will be my next broker when i get the chance, and yea exactly, adds a lot of emotion, especialy starting out.

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