natetrades16
natetrades16 Jun 21, 17 9:08 AM

Make sure to cut losses quicker especially with super fast moving stocks like DCTH.

Braves_57
Braves_57 Jun 26, 17 2:54 PM

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.

MikeMcD
MikeMcD Jun 26, 17 11:42 PM

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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mudit1234
mudit1234 Jun 21, 17 1:25 AM

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

sik
sik Jun 21, 17 8:46 AM

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%.

natetrades16
natetrades16 Jun 21, 17 9:03 AM

Have your personal investments in Roth trade in regular.

TraderH
TraderH Jun 22, 17 7:02 AM

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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