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    Risk management on breakout trading

    There is no such thing as a perfect exit on your trades. Like wanting to have your cake and eat it too! You have to decide between tighter stops to minimize giving back more of your profits or having looser stops to give your trade a chance to be a big winner or big loser. If it goes against...
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    What else you would do ?

    With only $5,000, you would be limited to 3 day trades. Not sure the duration of those 3 day trades as to when they would restore the day trade you use. Once, in a while, I use those day trades if I need to close out a losing position. Considering you have a small account, you should consider...
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    What else you would do ?

    Are you asking someone to critique your trading? Other than noting your position size at 1% which is good, there is a lot of variables to trading. I will cite a couple. What strategies are you using to get into your trades? Breakouts, pullbacks, breakdowns, etc.? You have a couple of trades...
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    Trump's approval rating among likely voters soars to his best in 23 MONTHS at 52 per cent after Stat

    Watching CNBC this morning, I did not realise there are legions of Socialists in New York. They all share Alejandra Ocasio-Cortez rainbow dreams with unicorns that New York is a paradise and US businesses should be begging to be allowed to do business in New York! Let us see how this turns out...
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    How do you deal with earning?

    I am horrid at trying to forecast what is going to happen after earnings reports. Now, I just trade around it. Of course, you are possibly, giving up the huge price swings which could give you huge returns in a few days. On the flipside, you could lose your shirt too! I'll take what the market...
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    Trump's approval rating among likely voters soars to his best in 23 MONTHS at 52 per cent after Stat

    I am really enjoying Alejandra Ocasio-Cortez telling everyone how government should be run! Contrast that with President Donald Trump and his accomplishments and the Democrat clown car breaking every few feet. Good for them there are more Democrat clowns to push that clown car all the way to...
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    Impact of 401K on Stock market

    A lot of 401Ks now have mutual funds that do not even trade in the US stockmarket but, closed funds only to say employees of some companies or the state to which they reside. My own 401K was stuffed in generic mutual funds that could only be bought by state employees. Performance of those mutual...
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    Is Trader Tax status worth it?

    Consult a qualified professional or accountant for your business expense. I imagine you have other expenses you normally, do not think off as expenses. What you pay your accountant probably, will more than payoff in lots of deductions.
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    More Californians Are Considering Fleeing The State

    Never understood the logic of leaving a high tax state because you feel you are over taxed yet, come into a nice low tax state and spoil it for everyone by voting for no good liberal politicians who love to raise taxes? Why leave your high tax state in the first place? What is the point?
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    More Californians Are Considering Fleeing The State

    It is already happening in Florida and Texas. Extreme liberals from California have moved to those states and voted for liberal Democrats. That is why everyone needs to cast their vote! Do not be complacent. Even elections for mayor and city council in your areas because what they do affect you...
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    1200 kids killed by guns since Parkland (one year ago)

    One way is to save the monies you would spend to send your kids to college. Start a small family business and have your entire family run it! Liberal professors get paid six figures to indoctrinate your sons and daughters to hate you, hate capitalism, hate the USA and to love Socialism...
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    Pretty new and seeking advice

    You should realize that you will make mistakes and chances are good that starting out, you will make more than your fair share of mistakes. If you had only $100 instead, of $500, the chances of you blowing that up and losing it all is far, far greater than you think. $500, if you have discipline...
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    1200 kids killed by guns since Parkland (one year ago)

    When in our society, criminals and terrorists have more rights than their victims, you know you are screwed! Victims who are already dead have no voice and even their families advocating for them are routinely, ignore by our justice system. Instead, it is about the criminals that they came out...
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    Pretty new and seeking advice

    $100 is not too much to start with even without paying for commissions. If you can afford it, I would suggest starting with $500. Learn to swing trade because it gives you more time if your entry is less than perfect. Of course, when swing trading, you enter on pullbacks. Do not short stocks by...
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    1200 kids killed by guns since Parkland (one year ago)

    If we totally outlawed guns will hardcore criminal thugs and radical islamist terrorists give up their guns and bombs or whatever weapons they have? The less guns there are, the more likely for massacres to occur because there is nobody left to defend the victims or even the victims being able...
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    A border deal: Is Trump about to put the hammer down or to go full flaccid and disgrace himself?

    As someone who supports President Trump, I do not see anyone else who has my back and the back of future generations down the line. We have been given a golden opportunity. If we waste it, we only have ourselves to blame! Was Reagan able to keep all his promises? What about Clinton, GH Bush, GW...
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    New Green Deal

    There is an even bigger reason to never trust a liberal! Most of these so called studies are conducted by academia who are made up of mostly liberal professors. They get grants in the hundreds of thousands of dollars from various liberal backers to study global warming. How objective can such...
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    A border deal: Is Trump about to put the hammer down or to go full flaccid and disgrace himself?

    President Trump will take what he can. It is not like RINOs have done enough to get border wall funding? Democrats keep bringing that up that Republicans fully controlled Congress but, never funded a border wall? Simple reason is RINO liberals have been opposing President Trump from the get go...
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    More Winning

    Democrats only focused to attacking President Donald Trump and harassing him with multiple investigations to put him in a bad light. 2020 is about a year away but, what are they going to say in the Presidential debates assuming Donald Trump is the Republican nominee and Hillary Clinton is the...
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    Could this simple formula be profitable?

    A number of faulty assumptions: 1) stocks traded will always hit the targets, what happens when the stock reverses and drops? While, stocks may hit and even exceed the target price, that is not guaranteed! 2) assumes a utopian world where stop losses are hit and executed at the exact same price...
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