losing noobie trader

Quote from Drew07:

trade futures instead
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I know I'm new here, so I don't mean to be offensive, but I disagree. What do you think will happen to the thread starter if he's not profitable with stocks and makes the move to a LEVERAGED product? He needs SOLID money management skills, and he's clearly not ready in that category.

If he moves to futures right now, he'll blow his account 5 X faster in my opinion.
 
Quote from Boib:

How many set -ups are you trading?

Do you have a plan you are following?
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Basically, I look at a chart for a nice tight pattern with higher than average volume. I try to follow the trend. If the stock is trading between a bullish upward channel, i try to base my entry on the support line and give it a "mental" stop outside of this line of a few cents. I am finding that i keep losses for too long. i should exit immediately after 5-10 cents, but sometimes i let them run for -25 cents. very bad. However, i dont want to depend on stops...i dunno, i feel like i'd rather exit when i know i'm wrong. I hate getting stopped out and having the stock run up one point.

I also try to look for aggressive seller/buyer action
based on prints. I find this pretty hard.
 
i think you should stop trading with real money for a while, you will not make any money trading like that using just your feeling

Pick a system and follow it religiuosly
 
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