no good plays today it seems. At least for my strategy. Need to stay disciplined & not force trades.
MBRX would've made for a great short but no shares
wow, it's really cratering
WPRT up on huge looking contract
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Make sure to cut losses quicker especially with super fast moving stocks like DCTH.
thank you. maybe next time I'l be more aggressive and hold till the spike the following morning, which would've at least kept me in the green.
My first trade was on DCTH too last week. Lost nearly 200 bucks even though been studying for nearly a year. It's crazy how much emotions play a part come game time. Good luck on your journey!
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use a normal trading account to grow your account a little bit then take some of your profits out ever year to put into a roth IRA account to help with your income tax and trade with two accounts so you'll be set for retirement and have a normal account for your personal spending
roth you can pull the principle back out with no penalty. it only "locks up" your gains. if it's self directed it's not any riskier/safer at all. it's literally a question of do you want to pay taxes or not. you're allowed to not pay on 5500 a year by putting it in a roth. once you reach the 5500 cap, then you start put the rest in a cash account. but if you are under the 5500 cap, it's a no brainer. roth 100%.
Have your personal investments in Roth trade in regular.
Based on your age, I would stick with the trading account and focus on saving up money. Just work and create a plan to save up money. Don't worry about taxes. Don't use retirement accounts for trading but more for long term investments. Realize the Roth IRA has a 5 year rule in order to qualify distributions.. 5 Roth IRA Withdrawal Rules You Need to Know http://www.rothira.com/roth-ira-withdrawal-rules
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I don't understand how people can play otcs I don't get any charting for them
There is charts they don't much volatility and got to buy a limit order. But it's ok.
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The company is going broke so they sell shares for a cheap price to institutions (really bad news).
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@natetrades16 just became a fully transparent trader today!




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