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

Hi @stefano , you have an awesome chart. How much do You start & what platform do You use?
downward momentum is strong, today XOM decreased by 2.62%, hence I will be a little more cautious and I changed my order to just 20 shares at 78.08 -- Oil is back in its bear action, it should be possible to buy more shares later at a cheaper price.
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.
Is your target really $44? So you're hoping for $4/share on just 20 shares?
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
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.

@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.
Yes, I can see that makes sense Carla
Hey Carla, I find "the game of stock", which runs on Android not bad. If you paper trade the risk is that you give prices that are better than actual... https://play.google.com/store/apps/details?id=com.nyxcore.stukulu&hl=en
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.
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

@stefano just became a fully transparent trader today!
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
... 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.
Join now or log in to leave a comment