Received 7 Karmas
Nlstephens9
1
Nlstephens9 Mar 05, 16 7:06 PM

I took screen shots of every chart I'm going to trade this month and for now, ill compare my spreadsheets to the picture so I can see what exactly I was thinking/seeing at the exact entry price I stated on the spreadsheet. It will help me break down everything and give me a better understanding of what kind of trader I am/need to be

Nlstephens9
1
Nlstephens9 Mar 05, 16 7:07 PM

Great job man, I feel like we think alot when I see your comments in the chat room. Feel good to know somebody else is taking the exact same steps as I am

DKingston
DKingston Mar 05, 16 9:15 PM

Thanks for the support guys! Doing this was a real eye opener!

jakito100
1
jakito100 Mar 05, 16 9:28 PM

Good job at tracking your trades. I am not means a pro, but I would suggest that you choose 2-3 setups and go for those. Looks like you are chasing too many patterns. After 2 1/2 yrs. I just got myself comfortable with 3 setups and will only play those until I am proficient. Right now those are the only 3 that I have been able to make small profit on. Then I will try others. Hope this will help you also.

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Received 10 Karmas
ironmiketyson86
ironmiketyson86 Feb 26, 16 8:11 PM

...be ready when the time comes! hope this helps some

DKingston
DKingston Feb 26, 16 8:25 PM

@Isuru I just look for big percent gainers on yahoo finance really. Sometimes I also use the scanner on think or swim.

DKingston
DKingston Feb 26, 16 8:26 PM

Thanks for all the encouragement guys! You all rock!

JLLOYD30
JLLOYD30 Feb 27, 16 8:02 AM

Watch how the markets change in 3 1/2 months . June is when OPEC meets to raise gas prices. Watch the markets take off!!

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Received 10 Karmas
nickMO
1
nickMO Jan 27, 16 7:12 AM

or recap about the trading day.

Missedy2
2
Missedy2 Jan 27, 16 9:37 AM

I really hope you dont quit and just take some time off. You've answered many questions I had and gave me advice and I appreciate it .Take a few weeks off if need be and still study and practice ... Both Tims said that in the begining they lost money but they didnt stop and look where they are now... I hope you decide to stick with it

bank_a_tronic
bank_a_tronic Mar 30, 16 2:33 PM

Dustin, I think that you should stick with it, redouble your efforts and give it another go :)) This audiobook on the Secret Law of Vibration (Good Vibes) can really help & work on getting one's frame of mind more geared towards whatever they want to achieve: https://www.youtube.com/watch?v=AIfh856Wlvc

bank_a_tronic
bank_a_tronic Mar 30, 16 2:34 PM

Keep it up-there just aren't that many stellar trades everyday-hold out for the sure set-ups! ;) Keep your head up!

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TraderH
1
TraderH Jan 15, 16 9:18 PM

Age is not important. The sooner, the better. Study and learn. We are constantly learning everyday for years. I recommend at least 10k for beginners.

compuser123
1
compuser123 Jan 16, 16 12:56 PM

It is also good to learn about stocks in a general sense. I suggest reading One Up on WallStreet, The Little Book of Common Sense Investing, and Common Stocks and Uncommon Profits.

BowlesTrader5
1
BowlesTrader5 Jan 16, 16 3:10 PM

I am 15 as well, spent the last 3 years studying and learning, best place to start I would recommend is with @timothysykes dvd penny stocking and How To make Millions. As for the starting amount, completely depends on your financial standpoint, just remember, don't risk losing money that you can't afford to loose. Don't start trading for like a year until you've learned, try paper trading at ThinkOrSwim

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Received 1 Karma
MLENTSCH0
MLENTSCH0 Jan 15, 16 11:17 AM

Any advise on what stock to learn from that wouldnt be a total loss but be able to learn how to use the stock trader programs etc.

compuser123
compuser123 Jan 15, 16 12:50 PM

Welcome, in addition to Tim's stuff there are plenty of good books you should read on stocks such as One Up on Wall Street, The Little Book of Common Sense Investing, and Common Stocks and Uncommon Profits. Investopedia is a good website with various tutorials you could read as well. I also suggest following people here and reading every single trade they do.

MLENTSCH0
MLENTSCH0 Jan 15, 16 1:35 PM

@compuser123 yeah ive been watching videos n tut. for the past few days non stop Ill order the books as well ty

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Received 3 Karmas
DKingston
DKingston Jan 07, 16 1:46 PM

I use Think or Swim to paper trade and I like it because you can get real time data

JLLOYD30
JLLOYD30 Jan 07, 16 1:50 PM

I use thinkorswim also. As mentioned above my comment, it's is FREE and realtime. Make sure you set it to real time quotes when you download it.

4mykids
4mykids Jan 07, 16 1:55 PM

will look into it. thanks! currently i'm using sure trader demo however the trial will soon end.

JLLOYD30
JLLOYD30 Jan 07, 16 2:27 PM

@4mykids I just opened a Suretrader account yesterday. In my blog

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compuser123

I want to thank you for your detailed descriptions of stocks in your watchlists. I have learned a great deal in the past couple of weeks.

Received 1 Karma
DKingston
DKingston Jan 01, 16 6:30 PM

That's absolutely awesome! I am so glad I could help out. I love the support of this community and giving back is important. I originally did this to force myself to create plans and to try to stick to them. God bless!

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Received 3 Karmas
Arussell125
Arussell125 Jan 01, 16 5:03 PM

nice, im just into trading (paper) but this is so very true

compuser123
compuser123 Jan 01, 16 5:52 PM

Great post. I wish you luck in 2016.

TraderH
TraderH Jan 02, 16 6:29 AM

Watch the video lessons over and over again. Take notes. Mr. Sykes has simple rules on what to long and what to short. Then look back and see what you did wrong with KBIO.

Bet0nBlack
Bet0nBlack Jan 02, 16 12:52 PM

@TraderH Yep KBIO was all on me. I actually was up on it and turned it into my biggest loss, hopefully ever.

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Received 9 Karmas
Palmer
1
Palmer Jan 01, 16 10:34 AM

Right on! Steal anything you need. Cool that we saw the same thing yesterday... ;)

Palmer
Palmer Jan 01, 16 11:10 AM

I need to proofread my posts a little better too...This takes a little more than "5 minutes a day to make millions"...

compuser123
2
compuser123 Jan 01, 16 1:07 PM

I only recently started learning the Tim Sykes method of trading and I can say that one of the most important rules I learned from him and others following his methods is to reflect on every trade (the good and the bad). That way every trade becomes a lesson learned.

Zaleucus
1
Zaleucus Dec 02, 16 10:35 AM

Such a great description of the issues I find in my trading. The mission is to control them and manage them, it is not a quick task for me but I know as I improve my management of them, my success increases. We all need to reflect on trade situations in order to analyze the mistakes and correct/recognize them before committing them over and over again. Thanks for this writing, it sure feels like it has helped me with my thought process and training. On to success.

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