check out whats moving. pre market movers or previous days new highs and compare to avg volume of that asset. stock charts or finviz are two sites to look that stuff up. but that info alone will not lead to profit. learn to identify basic resistance and support levels. once your target moves...
Good question. I have traded my entire account on one position and been lucky, other times punished severely. I always regret not getting out sooner than I did when I had a loser. Using stops EVERY SINGLE TIME (ie discipline, plan)would have saved me many times. I was greedy. Making money> not...
Jack,who are some of your fav traders on twitter? Ive also subscribed to chartpattern.com.the chat room is v good IMO, lots of eyes on lots of charts. Ive made good $ listening to that room.
Do you start watching quotes at 4 am EST? That may shed some clues then again be seen stocks tank in pre M then reverse at 730-8 and go totally opposite. Holding overnight always a risk but then that’s where position size vs account size matters. Stuff that shoots up 50% is asking for pullback...
I traded with a former NYC prop shop trader who claimed to be a master. He has written two books . He had his trading students read his books as the training. His books read like grade school book reports. He didn’t follow his books rules in reality. He charged 6k to be a trader with him and I...
hi all. Has anyone taken the chartpattern.com trading course taught by chat room moderator Randy? The chat room is a great idea generator in my opinon .
You sound sincere, appreciate your comment so I'll reply and I agree there's no sense in executing someone else's ideas using your own money. I decided to be my own mentor going forward. I was following a "mentor" for a while who at first impressed me but later made bad call after bad call. I've...
I could teach you a few things for a few hundred bucks. I bet I could quickly teach you to make a few $100 daily. You would need day trading account capitalization= $25k. If you have that much I could work with you.
could