ISIL broke the resistence - breakout - ascending triangle is the best chart formation I like to enter a trade, with a stop below the trendline.
Making $5K with $20K each month
- Thread starter PennyTrader
- Start date
thanks for the offer, but i've got 2 brokers now and will be opening a third at some point this year. the PDT irritates me because it means i'm not allowed to do what i want with my money.
i take money out of my accounts once it's above a certain amount, as i don't want to have the urge to 'force' a trade - i try to stay within my comfort zone of stocks and size. there are enough temptations to trade outside of that level - extra cash just provides an additional one that i don't need.
i applaud you for posting your trades; the main reason i don't post mine is because i may have to 'defend' them if public, whereas if i just do them, i don't care if it's wrong, i get out and take my stop, and go on waiting for the next setup. there's a few other reasons as well, but that's the main one.
good trading staying within your parameters, and getting your account back to size so you can trade without fear again!
i take money out of my accounts once it's above a certain amount, as i don't want to have the urge to 'force' a trade - i try to stay within my comfort zone of stocks and size. there are enough temptations to trade outside of that level - extra cash just provides an additional one that i don't need.
i applaud you for posting your trades; the main reason i don't post mine is because i may have to 'defend' them if public, whereas if i just do them, i don't care if it's wrong, i get out and take my stop, and go on waiting for the next setup. there's a few other reasons as well, but that's the main one.
good trading staying within your parameters, and getting your account back to size so you can trade without fear again!
Here is another strategy to play GOOG earnings if you think its calls are too expensive.
If you think GOOG will beat and move up on earnings, YHOO should bounce from 27.60s here. Buy some YHOO April 27.5 calls at 0.25- 0.30, very small cost, could go double if GOOG/YHOO goes up after the earnings.
On the other hand, if GOOG earnings is bad, the bet is off
If you think GOOG will beat and move up on earnings, YHOO should bounce from 27.60s here. Buy some YHOO April 27.5 calls at 0.25- 0.30, very small cost, could go double if GOOG/YHOO goes up after the earnings.
On the other hand, if GOOG earnings is bad, the bet is off
jsv416,
ISIL showed on on my scanner, then I put it on my chart and watch it until see a formation - plan the trade.
ISIL showed on on my scanner, then I put it on my chart and watch it until see a formation - plan the trade.
mfarooq,
I used to use AB Watley. Now I use Prodigy Trading, both of them uses Omni Pro trading platform and Penson for clearing, should be an easy move.
I used to use AB Watley. Now I use Prodigy Trading, both of them uses Omni Pro trading platform and Penson for clearing, should be an easy move.
Quote from mfarooq:
Good luck to achieving your goal.
Thank you for sharing your knowledge with us. Two Questions,
1- Which broker your are using now?
2- Which broker you were using before?
Congratulations on your trading, do what makes you comfortable.
Thanks. What you said remind me Mark Douglas book "Trading in the Zone", this is a great book for every trader who wants to improve his trading performance.
PNNT IPO starts to trade 14 to 14.47. Possible a good play. PCS IPO opened early today, PCS did very well after the IPO started to trade.
Or maybe buy a YHOO $27.5 straddle for a safe play on GOOG earnings?
Calls are at 0.25 and puts are at 0.15 (ask price). YHOO should make one dollar move up or down on GOOG earnings.
10 calls and 10 puts cost $400 toal. If YHOO makes $1 move from 27.60, the calls or puts could be up to $1.
Calls are at 0.25 and puts are at 0.15 (ask price). YHOO should make one dollar move up or down on GOOG earnings.
10 calls and 10 puts cost $400 toal. If YHOO makes $1 move from 27.60, the calls or puts could be up to $1.
Quote from PennyTrader:
Here is another strategy to play GOOG earnings if you think its calls are too expensive.
If you think GOOG will beat and move up on earnings, YHOO should bounce from 27.60s here. Buy some YHOO April 27.5 calls at 0.25- 0.30, very small cost, could go double if GOOG/YHOO goes up after the earnings.
On the other hand, if GOOG earnings is bad, the bet is off