Great work for vacation trading, Bob!
(I almost went loooong DIS yesterday as a sympathy play for the lines in which you waited all week; but I was scared to jinx my success as a shortologist :D)
The not so obvious:
1. The ability to leave your ego at the door before entering the trading room. Ego kills the 95% of traders who fail.
2. Thinking. The first time you get your Pattern Day Trader notification from your broker, there should be a big red letters that say: "Warning: Day...
- $1832 â Day
+$1169 â Week
+$8015 â Month
Today was my risk management day for IDCC, which opened strong and held strength around 33.25, so I placed a stop @ 33.35 just above the HOD. I had a brief convo with Banjo about simply leaving that stop in place since that level of loss was...
- $1832 â Day :D :D :D (WTG 5001!)
+$1169 â Week
+$8015 â Month
This was my second best month since I started day trading in July! I came within $100/day of my $500/day goal, netting almost 14% in one month, despite all my mistakes.
Have a great weekend all! (SuperBowl Party at...
I do not have proof anyone's posts are real or not except my own. I call my trades live in chat (well, I did until the past couple days when chat was down), and I post my P/L screen shot right out of my live account showing the exact trades I called that day. It would take one hell of a lot of...
TraderZones,
There is a term in psychology called "projection". Wiki: "...a defense mechanism in which one attributes oneâs own unacceptable or unwanted thoughts and/or emotions to others."
Your flippant dismissal of technical indicators, your insistence that no traders are profitable...
No trader has all green days and my IDCC is getting close to requiring "risk management". We all know what that means, nudge nudge, wink wink :eek: :D :eek:
(My husband's take on IDCC is to hold it for at least a year and it will become profitable.)
Red, thank you for the compliment. I wish with all my heart that I'd traded a demo account the first 9 months, through up markets, down markets, and market crashes. I used the real money the whole time, and although I got months of screen time (absolutely critical to success), I also endured...
+ $481
Lazy trading day for me today as I was busy with various distractions.
I was pleased to have held BBBY for a better profit target, covered this morning @ 24.98 for a $320 gain. Then, watching too many charts at once, I missed the BBBY run up for another short.
CECO ran up early...
+ $481
I've made enough money trading HOTT this year to pay for all the stuff I bought my kid at Hot Topic over the past 2 years :p
Ended up short CECO and didn't know it till late in the day, holding :eek:
Stocks can be volatile too. Sometimes the volatility is great if you catch the right move. The real down side to stock trading is that stocks can gap if you hold overnight.
NSX, we're traders! It's our nature to complain!
"Damn, missed that great entry!"
"POS stopped me out .02 cents from the top then went totally in my direction!"
"Sh*t, I missed my puke bucket by inches, now I have TWO messes to clean up!"
:p
Katie, I've a very short bias over the past couple months, so I look for stocks trading near major resistance, and trade them until they fizzle. I also catch symbols coming across the high/low ticker each day and sometimes fade those moves.
This month my average is 7 round trips a day and I...
Chuck, I use it to help me solidify a decision to enter and exit a trade. When stochastics move below or above the 10/90 lines, it's a very strong oversold/overbought reversal indicator. I find it especially strong indicator when combined with lower highs, higher lows. It's an imperfect...