Recent content by steve1578

I know many part-time traders, but few full-time. It appears that making that transition is more difficult than some assume.

My eventual goal is to trade full time, for now I'm saving as much possible with my full time job and building a nice asset structure for myself. Once Ive bettered myself enough to consistently pull profit, then I will go full time.

Im not in the business of taking others' approaches for the same reason, was merely asking to continue the conversation. Regardless, thanks for the feedback.

What is your approach?

My target price is where I realistically would expect the price to hit resistance(or support if I'm short). I would view the price action objectively, in addition to indicators & volume, etc., etc. to make a judgement on if the momentum has stalled in my direction. The 1:2 is a metric I use to...

Establish my risk/reward ratio and stick to it. If I'm willing to risk 2:1, and I see a price target of say, $1, then I set my stop at $.50. Overall I would like to not only get better at planning the trade, but also trading the plan.

I make it an objective to learn from each trade, to track my emotions and rationalize them as they present themselves. I'm very dedicated to becoming the best trader I can be, one step at a time I suppose!

I can give you exact entry/exit points if you'd like, but one thing I noticed is that I'm not allowing enough volatility. I have been placing my stops too close to my entry point. A common occurrence for me is that I'll read my indicators, find a setup, market sentiment, etc., etc., and place my...

Definitely, I'm increasingly learning more about risk management, controlling the emotional aspect of it, and respecting my account.

Hey guys, My name is Steve and I just opened my account here. I've been trading for almost a year now. I'm 23 years old and have been interested in the stock market since econ class in high school. I currently have an account with SureTrader and I would say that I scalp more than anything. With...