prima99

Hi @stefano , you have an awesome chart. How much do You start & what platform do You use?

stefano
stefano Dec 27, 15 8:14 AM

I'm using Interactive Brokers, which is crowned best broker on Barron's. Their account minimum is $10,000 though, cost per trade is normally only $1, which is great, but with a minimum of $10 per month. I chose cash only account, since I want to stay away from the dangers of margin. I started with 11,000 in July, and I added another 1,500 soon after, but after that I wasn't able to add any more cash. Careful with profit.ly charts, they just show realised profit of closed trades, they don't show

stefano
stefano Dec 27, 15 8:18 AM

... they don't show draw-down. My draw-down reached nearly 10% at the end of August. S&P500 was down 12%, so the edge was minimal. Now I'm up about 9% with market since inception down 2%, so that's a better result, however if the market takes a dive, my portfolio will go down with it, and I am okay, since I'm happy to hold some companies for the long term as necessary.

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stefano
stefano Jul 06, 15 6:46 PM

I expect further weakness in Exxon Mobile, since brent crude made a long bearish candle today, and the 100 period moving average is clearly broken to the downside. Since the Greek uncertainty continues, I won't open any new position this week, but I will keep on holding WMT and KO.

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derekmadden
derekmadden Jun 30, 15 12:55 AM

Is your target really $44? So you're hoping for $4/share on just 20 shares?

stefano
stefano Jun 30, 15 2:41 AM

Just 20 shares. Commission with interactive brokers is just $1... I was thinking 42.5 as target. Given the current situation in greece and china it may flush down.. i would be happy to hold longer in case

stefano
stefano Jun 30, 15 6:16 PM

I bought only 10 shares for 39.25 and I placed a limit order to sell them at 42.75 ~ I should probably get out if we drift under 38.

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Bullionaire

@gordonmartin I hate to be wrong so it does bother me, paper trade or not. I'm learning either way, with real cash or by paper trading. I agree that it hurts more when you lose real money.

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gordonmartin
gordonmartin Jun 26, 15 2:03 PM

Yes, I can see that makes sense Carla

stefano
1
stefano Jun 29, 15 6:49 PM

Congratulations for your solid profit! you are very driven to do a lot of paper trades... I just started with some tiny real money positions... I bought 5 WMT yesterday and I hope to get 20 KO tomorrow.

Bullionaire
Bullionaire Jul 09, 15 10:09 AM

I've lost a lot of real money so I have rethought my learning process to include a lot more paper trades. That's an iInteresting stock market game. thanks. @stefano

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