KylanHodson

Kev2128 Kev2128 - Apr 07, 2:32 AM These are my 7 rules i follow and i think if you really stick to the rules you will do well also... 1) I Always cut your losses quickly! This is by far the BEST rule of the bunch! 2) I NEVER average down. Why add more to the misery? BUT i LOVE to average UP, meaning he/she adds to a WINNING position! 3) Chart support & resistance are the two MOST IMPORTANT chart indicators u will ever need to know. 4) Trading w/o a Level-2 and live charting you're already losing the battle before it even begins...It's a big no no! 5) It's very hard to make $1,000 but much easier to make $50-$100. So i try to pick trades wisely to gain that $50 or $100 dollars at a time. Patience is key when building up a small account. 6) Nothing is worse than when you're UP on a stock only to let it turn into a loser. To avoid that you sell on way up (or down if shorting the stock) in partials! Money in bank! 7) Keep your EMOTIONS out of the trade. Four Psychological States Of Emotion – Greed, Fear, Hope, and Regret.

Received 4 Karmas
tanu1980
1
tanu1980 Sep 14, 14 10:48 PM

Thanks Kylan for the sharing the imp info. I lost lot of money because I never had any rule. Big lesson for me.

Skanatic
1
Skanatic Sep 15, 14 8:54 PM

Great advice! thanks

Zhodg
1
Zhodg Sep 27, 14 9:36 PM

Great rules, thanks man!

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ArashkG

@Entrada Hey, do you mostly just trade options?

Zenyatta
1
Zenyatta Aug 30, 14 1:36 PM

I'm more profitable in options than day trading at this point, but am trying to get real profitable at both. I rarely do long options. Most of my strategies are out of a book called "Generate Thosands" by Samir Elias. Horrible graphs and charts but really good info on covered calls & cash puts...

tanu1980
1
tanu1980 Sep 11, 14 9:31 PM

Thanks @Entrada for sharing the valuable information.

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AndyL

I'm thinking of starting with a $100 Forex account and see how long it take for me to grow it to $100,000, then teach the people who join how how to pull potentially 20%+ profit each week with relatively low risk, and withdraw weekly. Last time I started trading penny stocks with a $288 account and grew it well over $300,000 in less than one year. Who wants to join me in the Forex challenge?

Received 2 Karmas
Kauppias
Kauppias Sep 02, 14 6:36 PM

Trial for forex training

AndyL
AndyL Sep 02, 14 7:05 PM

in socialtrader chat. i am in there during the US stock market session, and even a little earlier now. I answer questions and teach people my method. trading simply based on volume.

Kauppias
Kauppias Sep 04, 14 5:03 AM

If I get the free trial can we talk a little?

Tehmur
Tehmur Sep 24, 14 8:18 AM

hey i wanna learn to trade forex can u teach me?

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SuperMario8

Hello Guys! I have been studying InvestorsLive Texbook Trading DVD by Nathan Michaud. I highly recommended. It gives multiple type of Chart patterns to look for.

tanu1980
tanu1980 Aug 29, 14 8:48 AM

@Kev2128 thanks a lot :)

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