You *have* to watch pre-market and take the action into account, especially volume, but you can't only use pre-market to base your trading decisions on. Each ticker has its own identity, so you need to spend more time watching more stocks longer before just using a strategy trading based on pre-market action. It's good to paper trade your idea, but spend more time testing it out for sure.

I love pre market activity... it gives you a sense of how the stock MGHT perform at open and it includes number unero "VOLUME." People are already interested in the stock. Secondly, maybe it is my translation of what you wrote but BEWARE buying above VWAP, it can be very dangerous!!! Remember the phrase "BUY LOW, SELL HIGH." I also like your approach to trading and how you are sticking to only one general set up. It's a great idea.

Chat with traders, better system trader are just a couple to get you started.

Chat with Traders

I agree, chat with traders. Play video lessons, or educational books.

Chat with Traders has a lot of resources, but you may want to filter what videos you watch based on your trading style, which I assume would be day trading or shorter term trading.

@Joey392 if i did go ahead and buy dux's dvd would i get the live trading vids when he releases them or would i have to pay for them too?

so in total, he's going to have 4 parts. he has 2 parts out now, and should be releasing the last 2 some time in the summer. I don't know what's going to be on them, so I can't say if there'll be live trading or not, but you won't have to pay extra for them when they're released.

Both are value purchases...watch them regularly.

Check out Dux's interview on the Steady Trade podcast. It does include live trades but it hasn't been released yet

Sorry about the delay, I haven't used Profit.ly for some time. What you said was perfect!! Track winners, breakouts, etc and I track the results for the day after for all big % percent gainers. Further more, check out "Traders Checklist" on youtube - it's free.... Its a great guide to help you as it where i leant it from - Tim Bohen explains a lot using the Tm Sykes method... Enjoy but realise its a lot of hard work.... I spend a lot of time tracking my data... almost ALL of it BUT I HIGHLY RECO

Also watch the "Steadytrade" podcast.. So many GOLDEN NUGGETS of information. Here are the links - Traders Checklist - https://www.youtube.com/watch?v=YvgfVJ5R5Qw and Steady Trade Podcast - https://www.steadytrade.com/

I should add - Look up Stephen Jonk on Youtube - A student of Tim Sykes who has documented his entire trading journey every week for free for new traders - https://www.youtube.com/watch?v=QD4BvWoS74Q.... And I saved the best for last - a recent article by Tim and a new up and coming student - THis ARTICLE IS ABSOLUTE GOLD!!! https://www.timothysykes.com/blog/the-best-young-penny-stock-trader-in-the-world/... I'm now taking a break from Profit.ly to focus on my research and mental clarity... Goo

I should now add that i have come across the "Chat with Traders" podcast. A podcast/youtube with exceptionally talented traders who give professional insights into their trading systems/routine.. A free resource that defines each trader by their particular style in trading... Find someone who matches your style and LEARN :) I have a preference for listening to the following traders - Mike Katz, Mike Bellafiore, Alex (@TAGRtrades) and Stuart McPhee.... with so many other interviews I will listen

Keep watching Tim's lessons - the correct entries and exits will become instinctive :)

@aktiehandlaren no there is not

@aktiehandlaren They can't do anything about it if you go offshore

@aktiehandlaren CP is CenterPoint and yes IB is interactive brokers.

Having joined Suretrader two months ago - Commission fees vary from $10 - $6 per trade (two tickets - for each order - to buy and sell) I joined Suretrader because I love short selling but you will find that the stocks that are running will most likely have no shares to short. Provided there is no SSR it cost $25 to locate shares and depending on the stock an additional (less than 1 cent) per share to borrow but yes you will find shares to short :)

@Kody my bad. $NVIV

If you want to look at a good dip buy opportunity, look at ZSAN - A strong momentum stock - NVIV had only spiked the day before. Therefore unless if NVIV had gapped up again premarket, I would just move onto a new stock. I hope it helps :)

@mannieb That does help. I guess I didn't take into account that NVIV just gapped, but still had no volume after the huge gap-up. Gotta learn something every day. Thanks!

Don't forget to look at the daily chart... Look for strong momentum :) Im learning too :)

great post, thx for sharing. i don't short at all. too much trouble trying to locate and pay for shares.

Cheers.. I would recommend learning to short as it has helped me learn about my risk and reward in a trade and wether the trade is even worthwhile to play. I also believe that understanding both trading options gives you FLEXIBILITY.. I will definitely continue to SHORT when the stock has shares to short (without having to locate shares) and I am currently focused on EARNINGS winners where I want to buy and sell between key resistance and support levels - Suretrader's no PDT is great for this.

Stockstotrade is amazing. You should try it if you are attempting to trade at least 1-5 times a week.

I wish I could afford to use StockstoTrade - Trust me researching news, SEC filings, etc is time consuming. SO STT is a must have in the future goal of mine :)

I like your idea.... Making your account $$$ and trading strategy affect your reality is a great way to help :) Keep it up!