Use Support levels as your risk! If you just place your risk level randomly, its much harder to make yourself get out. If you're risk level is at a support level and it breaks it, you get out for a small loss. Also, it gives you a better chance that it rebounds off that level and increases your probability of success. Never chase, so if the stock is more than 5% up off a support level, your risk/reward becomes more risky. Lastly, work around your work schedule. I don't recommend entering a posit

ion and then leaving it while your at work. But if you do, like maybe for a swing trade, set hard stop-losses just in case.

My thing is that shorting is definitely my strongpoint. I think my problem was taking massive position sizes and going for grand slams. My best trade was $650 in 20 minutes with 750 shares. I guess stop losses are going to be my best friend.

Good advice for setting hard stop losses... I get tired of watching my phone all day.@JorgeZ19

@motoman1500 2016 BRING IT ON ;)

@epetroka Thanks man:)

@teentrader @Palmer lol Jeff u better do your homework or he's gonna ground you from trading next week!!

@Ike I have it done, obviously ;)

PennyStocking Deux is 2nd best

I agree with the previous recommendations but I have to add Level 2 as well. I think with those three DVDs is going to be a very good starting point.

All of these are really good choices to start with. They really teach you all of the basics. Welcome to the community! Study hard so you can trade smart.

Thank you everyone. definetly going to buy how to make millions, pennystocking and pennystocking deux. Dont know if i can afford level 2 as well while still having money to get started. Thanks again

plot charts and view charts with ToS, trade with Etrade.

I cant comment only used 2. But don't forget next year Tim will be trading from Etrade. Using etrade pro

Dude don't even switch, Etrade has everything you need and the best charts by far!

Etrade pro or interactive brokers

i use the free platfrom for executions and other platforms for research/filters etc

I cannot wait until you start doing this with your small account next year. It'll teach me alot

Thanks Tim, Yes, I am holding some stocks overnight and using multiple brokers to avoid this situation.

I am so glad I saw this post. I violated that this morning. Are you still able to trade on margin?

@motoman1500 Yes.

DAMN trading at 1.56...dropping.

nice profits

I had a buy order set for $1.15 for 2000 shares and I cancelled it because I freaked out. 10 minutes later it was at $1.60. Left $900 on the table right there. That would have been great for my small account. Oh well live and learn.

my rule i follow is dont try to jump on earning winners that already went up and try to ride it out