Hey! 

Fairly new to the day trading world but I have been doing my part to educate myself, tons of youtube videos, investopedia, Tim, Warrior, pretty much anyone who walks through their thought process and analysis process. 

To preface my focus right now is predicting how stocks will perform and Papertrade based on the money I actually have to use right now, so only looking at penny stocks and really nothing higher than about $3. I have been using VWAP and EMAs to really determine what I want. I also only look at up-trends, I am starting low and looking at options where I can buy/sell without the use of margin. No shorting just up-trend buy when in the upper margin of the VWAP and raises above the EMA. Occasionally if the stock is being very flip floppy I wait till I see the positive trend after support. 

So far it would have led to some succeful trades with PED, GEMP, and UUUU. I have really only  been tracking these last two days and will be continuing in the future to keep tracking what my results would be. I am hoping to move into real money trading soon but I want to know if I have been getting lucky or if the trends and general mindset I have lain out is effective. I know this limits my trades but right now I rather make every trade a win and not risk it with a loss. On that, I also put STOPs on my trades at a 1% loss. 

 

Any comments, help, or suggestions are greatly appreciated. I am very motivated to be an effective trader and I hope this community is a good place to flourish.

 

Thank you,