newbie looking for virtual mentor/ mentors

Quote from BartS:

Wrong.
If you expect to be breakeven you will be breakeven or a loser.
You have to expect to make money.
It's the dumbest thing in the world, but in the end you get what you wish for.

Shiko, I'm no great trader but I was dealing with your issues a while ago...

Go talk to your mentor, ask him questions, be proactive, actually be a pain in his ass until you get it and become consistent....

If your stop is 20c a day, you better know your stocks....and their levels.....you may not be right all the time, but if you're patient enough with entries you should be able to risk no more than 5-7c....and remember - it's not the dollar amound that makes a stop, it's the location of your entry that dictates what you're going to lose.....
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Bart, there is no mentor. This office sucks. After loosing $130 in April, owner dared to tell me that he will talk to everyone regarding paying losses. $130 monthly loss for a God sake. I am losing less and less. Owner himself made his first net +$20 after 7 months. I have been trading only 3.
His buddy lost $207 in one day trading FAS with 100 shares. i knew this was coming as he and a couple other played this stock and I saw another day his position $50 under water and him not cutting the loss. I knew this was a matter of time before there will be a big hit.
Generally what i think is this office is almost finished.
If they cannot absorb $130 loss from a trade per month how traders going to move to more than 100 shares? The thing is we are not being paid. And I paid them $1050 in the beginning.
I lost some money but going to trade it back as my trading size increased but if I am constantly under pressure to pay back loss it is not going to happen. If this shit continues I will take whatever I need to reach higher level and just start looking for another Title office that makes money and where I certainly can move up.
The mentor looks like experienced guy and I saw his 100 shares results as not bad. But he still trades 100 shares. So, no money coming from him yet.
 
Although I would like and will stay at this office but I need to be sure that I can develop there as a trader and that it is a place that will run for long term. I am not the kind of guy who like to jump around.
 
Quote from shiko2000:

Bart, there is no mentor. This office sucks. After loosing $130 in April, owner dared to tell me that he will talk to everyone regarding paying losses. $130 monthly loss for a God sake. I am losing less and less. Owner himself made his first net +$20 after 7 months. I have been trading only 3.
His buddy lost $207 in one day trading FAS with 100 shares. i knew this was coming as he and a couple other played this stock and I saw another day his position $50 under water and him not cutting the loss. I knew this was a matter of time before there will be a big hit.
Generally what i think is this office is almost finished.
If they cannot absorb $130 loss from a trade per month how traders going to move to more than 100 shares? The thing is we are not being paid. And I paid them $1050 in the beginning.
I lost some money but going to trade it back as my trading size increased but if I am constantly under pressure to pay back loss it is not going to happen. If this shit continues I will take whatever I need to reach higher level and just start looking for another Title office that makes money and where I certainly can move up.
The mentor looks like experienced guy and I saw his 100 shares results as not bad. But he still trades 100 shares. So, no money coming from him yet.
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you gotta trade with 1 share, not 100, why you want to loose money like that?

Post charts of the trade with entry/exit points every day , have a excel spreadsheet with daily stats, etc.
 
Quote from pavlov0032:

you gotta trade with 1 share, not 100, why you want to loose money like that?

Post charts of the trade with entry/exit points every day , have a excel spreadsheet with daily stats, etc.
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Exactly, I asked owner if I can tarde 10 sahres, I notice sometimes they do fill me partly. but he says no.
It would be the most logical thing to save money and trade 10 shares. But it is not me who makes decisions.
It is the company.
Also, i have a big list of stocks and as "mentor" told we trade only stocks with 1.5 beta volatility or less, 5 tick stop loss, volume $1 million daily or more on average and current volume of more than $2 millions and price under $25. it is the criteria and I have a list of about 100 stocks which I browse constantly for set up according to the strategy. Ok, I lost last day because I did not trade strategy but because started doing my own stuff. 5 previous days were profitable.
Most of my monthly loss happened in the first week of April.
 
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